Zepp Health Corporation
A Leading Smartwatch Maker Trading Below Liquid Assets
Published: 11/24/2023
Author: Sid Rajeev, B.Tech, CFA, MBA
Sector: Technology | Industry: Consumer Electronics
| Metrics | Value |
|---|---|
| Current Price | US $1.11 |
| Fair Value | US $5.08 |
| Risk | 3 |
| 52 Week Range | US $0.96-2.19 |
| Shares O/S (M) | 61 |
| Market Cap. (M) | US $67 |
| Current Yield (%) | n/a |
| P/E (forward) | n/a |
| P/B | 0.19x |
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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
