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Snap Inc (SNAP)

合理估值
Communication ServicesInternet Content & InformationUnited States

基本面

49

价格

$5.66

市值

$8.83B

第一部分 · 这家公司值多少

概览

Snap Inc. operates as a technology company in North America, Europe, and internationally. The company offers Snapchat, a visual messaging application with various tabs, such as camera, visual messaging, snap map, stories, and spotlight that enable people to communicate visually through short videos and snaps. It also provides Snapchat+, Lens+, and Snapchat Platinum, a subscription service that provides subscribers access to exclusive, experimental, and pre-release features; Spectacles, an augmented reality (AR) glasses; and advertising products, including AR ads and Snap ads comprises a single image or video ads, collection ads, dynamic ads, story ads, commercials, sponsored snaps, and promoted places. In addition, the company offers campaign management and delivery, an advertising platform that provides automated, sophisticated, and scalable ad buying and campaign management; and measuring advertising effectiveness solutions. The company was formerly known as Snapchat, Inc. and changed its name to Snap Inc. in September 2016. Snap Inc. was founded in 2010 and is headquartered in Santa Monica, California.

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Direct competitors

Who this company fights with for the same customers

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No competitor list for this company yet.

资产负债表与流动性

营收

$6.35B

最近12个月(截至2026/6/30)

净利润

$-311M

最近12个月(截至2026/6/30)

自由现金流

$437M

股东权益合计

$2.28B

负债合计

$5.40B

流动比率

2.94

利息覆盖率

2.24

债务/EBITDA

-

每股收益

营收与净利润

自由现金流

收入构成

历史财务表

利润率变化

债务变化

债务负担有多重

增长一览表

增长 — 营业收入

公允价值估算

一般情形合理估值

公允价值

$5.92

当前价格

$5.66

安全边际

+4.4%

公允价值区间

$4.21 - $7.62

所用估值方法之间的离散区间,并非经过统计校准的置信区间。

估算方法

分析师目标价:$7.39
现金流折现法(DCF):$3.94
市盈率法(P/E):数据不足,无法计算
格雷厄姆成长公式:数据不足,无法计算
盈利能力价值(EPV):数据不足,无法计算
合理市净率(P/B):数据不足,无法计算
股息折现模型(戈登模型):数据不足,无法计算
P/FFO(运营资金):数据不足,无法计算
周期中段收益:数据不足,无法计算
市销率法(P/S):$7.85
分析师共识:持有 (15B / 32H / 3S)
最近财报超预期:+61.69%

估值指标

市盈率(P/E)

-

ROE

-20.2%

市净率(P/B)

5.06

P/FCF

13.82

毛利率

57.3%

ROIC

-4.2%

盈利能力雷达图

价值创造(经济护城河)

ROIC

-4.2%

WACC

8.5%

ROIC − WACC

-12.7 pp

ROIC 低于资本成本:公司每投入一美元都在毁灭价值。

基本面分析标准

通过(11)

  • EPS shows upward trend
  • Gross Margin 57.3%
  • P/FCF 13.82
  • Debt/Equity ratio
  • Positive Free Cash Flow
  • Current Ratio
  • Interest Coverage
  • Revenue Growth 5Y 18.8%
  • Earnings Surprise avg 41.6%
  • Net Margin Trend -4.9% vs -9.7%
  • Piotroski F-Score 5/9

未通过(11)

  • Price CAGR -9.97%
  • ROIC -4.2%
  • P/B Ratio 5.06
  • Operating Margin -5.1%
  • CapEx intensity
  • Return on Tangible Assets
  • Low reliance on intangibles
  • DCF valuation (Overvalued)
  • ROE -14.6%
  • Analyst Consensus 30% Buy
  • Share Dilution 2.6%

不可用(5)

  • Dividend Payout NaN%
  • Debt/EBITDA
  • Price below Graham Number
  • PEG Ratio (need PE > 0 and growth > 0)
  • Earnings Quality (OCF/Net Income)

Piotroski F-评分

5/9

信号混杂:部分领域需关注

score
criteria

盈利质量

-

低质量:需深入审查会计处理

股权稀释

2.6%

正在发行新股,稀释所有权

机构持股

公司治理

管理团队

姓名职位年龄
Mr. Evan T. SpiegelCo-Founder, CEO & Director34
Mr. Robert MurphyCo-Founder, CTO & Director36
Ms. Rebecca MorrowChief Accounting Officer & Controller51
Mr. Zachary M. Briers J.D.General Counsel-
Mr. Ajit MohanChief Business Officer-
Mr. Doug HottChief Financial Officer52
Mr. David OmeterHead of Investor Relations-
Ms. Grace KaoChief Marketing Officer-
Mr. Scott WithycombeChief People Officer-
Ms. Kimberlee ArcherHead Of Global Marketing - Augmented Reality & Camera-

审计风险

9

董事会风险

3

薪酬风险

8

股东权利风险

10

第二部分 · 价格与买入时机

这一部分不判断公司是否值得拥有:它帮助你在基本面说服你之后,选择何时买入。包含:技术分析、潜力、历史回撤、Gamma 敞口。

文件

  • 年度报告(10-K)

    对公司业务、财务业绩和风险的年度概述。

    提交日期:2026-02-05

    查看文件
  • 季度报告(10-Q)

    最近三个月财务表现的最新情况。

    提交日期:2026-08-04

    查看文件
  • 临时报告(8-K)

    关于重大事件(如管理层变动或重要公告)的通知。

    提交日期:2026-09-08

    查看文件

via SEC EDGAR

损益历史

via SEC EDGAR

Latest News

Recent headlines for SNAP, sourced from Markets Gazette.

  • 15d agoPOSITIVE
    Snap corre dopo partnership per occhiali realtà aumentata nei posti di lavoro

    Snap Inc. is trading up 4.02% following a significant partnership announcement involving tech giants Salesforce, Amazon, and NVIDIA. This collaboration aims to integrate Snap's augmented reality (AR) technology into workplace solutions, enhancing productivity and user experience. The move signals Snap's strategic expansion beyond social media into enterprise applications, leveraging its AR capabilities for business clients. For investors, this diversification could unlock new revenue streams and solidify Snap's position in the growing AR market, potentially driving future growth and stock appreciation.

  • 8/17/2026NEGATIVE
    Perché le azioni Snap scendono lunedì?

    Snap Inc. (SNAP) shares are declining as investors digest significant regulatory and legal headwinds, compounded by substantial insider selling. The stock is trading just above its 20-day moving average, with a break below $4.99 potentially accelerating bearish momentum. Snap has been a disappointing investment in 2026, down approximately 40% year-to-date. Notably, CTO Robert Murphy sold 4 million shares, a move that appears to be a primary driver for the current investor reaction. This combination of regulatory concerns and insider divestment signals a challenging outlook for the company.

  • 6/18/2026NEGATIVE
    'Sad' That No One Will Tell Snap CEO The Truth, Says Analyst On Company's 'Horrendous' Product Design For $2,195 AR Glasses

    An analyst expressed strong criticism regarding Snap Inc.'s product design for its new $2,195 augmented reality glasses, calling it 'horrendous' and lamenting that the company's CEO may not be receiving candid feedback. This critique suggests potential market reception issues and significant development challenges for a key product launch. Investors should monitor user adoption rates and any subsequent design revisions, as such negative sentiment could impact future revenue streams and the company's stock performance.

  • 6/17/2026NEGATIVE
    Snap breaks from the pack with heavy $2,195 smart glasses. Wall Street is panning the move.

    Snap Inc. shares continued their downward trend following the announcement of new smart glasses priced at $2,195. Wall Street analysts widely view the high price point as a significant barrier to mass adoption, labeling the product a potential 'nonstarter.' This move is seen as a considerable risk for the company, potentially diverting resources and focus from core operations without a clear path to widespread consumer acceptance. Investors are expressing concern over the financial viability and market reception of such a premium-priced hardware offering.

  • 5/7/2026NEGATIVE
    Snap Quietly Ends Perplexity Alliance That Had Investors Excited

    Snap Inc. shares experienced a decline following the company's mixed Q1 financial results and the dissolution of its strategic alliance with Perplexity AI. The termination of this partnership, which had previously generated investor enthusiasm for its potential in AI-driven advertising solutions, raises concerns about Snap's future ad revenue growth trajectory. Investors are now scrutinizing the company's ability to innovate and maintain competitive positioning in the digital advertising market without key collaborations.

  • 4/21/2026NEGATIVE
    Snap Announces CFO Exit Days After Job Cuts In A Bid To Improve Profitability— Insider Doug Hott To Take Over

    Snap Inc. announced a significant leadership change with the departure of its Chief Financial Officer, Derek Andersen, effective April 20. This comes shortly after the company implemented job cuts as part of a broader strategy to enhance profitability. Doug Hott, previously the VP of Finance, has been appointed as the new CFO. Investors often view sudden CFO departures, especially following layoffs and during restructuring, as a sign of internal challenges or strategic shifts that may impact future performance and financial stability.

  • 4/16/2026NEGATIVE
    Can Cost Cuts Save Snap? Analysts Skeptical As North American Users Decline

    Snap Inc. is implementing significant cost-saving measures, including a 16% workforce reduction aimed at saving $500 million. Despite a potential uptick in earnings estimates due to these cuts, market analysts express skepticism. The primary concern remains the persistent decline in North American user numbers, which poses a substantial threat to the company's long-term growth prospects and user engagement. This user attrition overshadows the immediate financial restructuring, signaling potential headwinds for the social media platform.

  • 4/15/2026NEGATIVE
    Snap to cut about 1,000 jobs, or 16% of its global workforce

    Snap Inc. announced significant workforce reductions, cutting approximately 1,000 jobs, which represents about 16% of its global staff. The company disclosed in a regulatory filing that these layoffs are expected to incur severance and related costs ranging from $95 million to $130 million. This move signals a strategic restructuring, likely aimed at improving operational efficiency and profitability. Investors often view large-scale layoffs as a sign of financial distress or a necessary but painful step towards cost control, which can negatively impact short-term sentiment and employee morale.

  • 4/15/2026POSITIVE
    Snap To Slash 1,000 Jobs As AI Productivity Picks Up— Stock Climbs 11%

    Snap Inc. announced a significant restructuring, including the elimination of 1,000 jobs and the closure of open positions. This move is strategically designed to reduce operational costs and enhance profitability. The company's stock saw an 11% surge following the announcement, indicating investor optimism about the cost-saving measures and potential for improved financial performance. The focus on AI-driven productivity is expected to streamline operations and drive efficiency, which could lead to better margins and a stronger market position.

via Markets Gazette