I’ve looked at GoPro and done brief research on it and it seems undervalued to me. Their annual revenue this year was about $1.1 billion with $90 million in profit but yet their market cap is at $850 million right now.
They have a subscription service with 2 million current users and growing and moving towards DTC too. And their ROIC is like 20-30% average but it is very volatile from 10%-50%.
Yes I can see how volatile they are and how they’re currently having issues but I still think at their current market cap they are decently undervalued especially if they were to drop another 5-15%. Their PE ratio is currently 11.24 too if that says anything and they’re almost at their 52-week low.
I’m pretty much a beginner at analysing stock so feel free to tell me where I’m wrong if if I’ve missed anything? Thanks
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