Zepp Health Corporation
A Leading Smartwatch Maker Trading Below Liquid Assets
Published: 11/24/2023
Author: Sid Rajeev, B.Tech, CFA, MBA
*See important disclosures at the bottom of this reportSector: Technology | Industry: Consumer Electronics
ZEPP - NYSE 🔹
Highlights
Founded in 2013, and headquartered in China, Zepp is a smart wearable/health technology company offering a diverse range of products such as smartwatches, wristbands, earbuds, hearing devices, blood pressure measurement systems, and treadmills. Smart wristbands, and watches, make up 90%+ of Zepp’s revenue. Europe & the Middle East account for 50% of its sales, followed by North America (25%), China (10%), and rest of the world (15%).
We estimate that Zepp's self-branded products account for 1.3% of the global wearables market by volume. When including Xiaomi's products, Zepp's share increases to 4.1%. Zepp commands an 8% market