SmartRent Inc Dossier
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SectorInformation Technology IndustryElectronic Equipment, Instruments & Components Beta (adjusted)1.36 Intrinsic Value $2.10median of 2 methodsbased on filings through 30 Jun 2026 Market Price $1.20Price as of 1 Oct 2026 Significantly undervaluedIntrinsic value is 75% above the market price −50% · IV below pricenear fair value ±15%IV above price · +50% marker beyond scale (+75%) Data confidence Sign in to view data confidence Market Cap $229.9M Enterprise Value $137.3M Shares Outstanding 191.1M diluted Next Earnings Date9 Nov 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary SmartRent is executing well on its operational turnaround, demonstrating structural cost discipline and expanding high-margin SaaS recurring revenue. However, near-term hardware demand headwinds and softer bookings continue to weigh on top-line growth, making a Hold recommendation appropriate until revenue growth re-accelerates. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$1.20 Mean target$1.35 High · most bullish analyst$1.50 Our research · scenarios, merits, risks, and invalidation triggersResearch as of 19 Jun 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $1.0415% Cautious customer spending and prolonged real estate cyclical headwinds lead to further declines in hardware sales and flatlining bookings. High sales-force expansion costs fail to generate expected volume, compressing operating margins and delaying free cash flow generation. Base CaseCentral scenario $1.4060% SmartRent maintains positive Adjusted EBITDA and achieves positive free cash flow in the second half of 2026. SaaS revenue continues its steady single-digit to low double-digit growth, offsetting cyclical hardware declines as the company marches toward 1 million deployed units by early 2027. Bull CaseUpside scenario $1.5825% The newly launched Value-Added Reseller (VAR) program successfully penetrates the small-to-medium rental housing market, while the expanded sales team accelerates bookings. SaaS gross margins exceed 75%, driving the company to sustained GAAP net profitability ahead of schedule. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
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All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |