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COOK - Traeger, Inc.

NYSE -> Consumer Cyclical -> Furnishings, Fixtures & Appliances
Salt Lake City, United States
Type: Equity

COOK price evolution
COOK
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Current assets
Cash $29.92 $11.28 $14.5 $27.73
Short term investments
Net receivables $59.94 $51 $83.29 $99.59
Inventory $96.17 $101.89 $97.8 $132.38
Total current assets $216.38 $199.22 $225.43 $287.74
Long term investments
Property, plant & equipment $90.78 $67.15 $63.56 $62
Goodwill & intangible assets $545.27 $555.88 $566.42 $577.01
Total noncurrent assets $644.38 $637.5 $644.21 $650.26
Total investments
Total assets $860.76 $836.72 $869.64 $938
Current liabilities
Accounts payable $33.28 $26.03 $18.56 $26.24
Deferred revenue
Short long term debt $32.26 $29.02 $44.36 $45.65
Total current liabilities $133.97 $108.27 $127.27 $141.38
Long term debt $426.44 $405.43 $404.19 $446.98
Total noncurrent liabilities $435.44 $416.68 $414.85 $469.23
Total debt $458.7 $434.45 $448.55 $492.63
Total liabilities $569.41 $524.95 $542.12 $610.61
Shareholders' equity
Retained earnings -$654.88 -$630.83 -$611.57 -$562.46
Other shareholder equity $10.94 $13.34 $16.04 -$0.18
Total shareholder equity $291.35 $311.77 $327.52 $327.39
(in millions $) 31 Dec 2023 31 Jan 2023 31 Dec 2021 31 Dec 2020
Current assets
Cash $29.92 $51.55 $16.74 $11.56
Short term investments
Net receivables $59.94 $42.05 $92.93 $64.84
Inventory $96.17 $153.47 $145.04 $68.83
Total current assets $216.38 $274.24 $269.74 $159.01
Long term investments
Property, plant & equipment $90.78 $69.36 $55.48 $32.4
Goodwill & intangible assets $545.27 $587.58 $852.2 $796.68
Total noncurrent assets $644.38 $672.48 $911.28 $830.57
Total investments
Total assets $860.76 $946.72 $1181.02 $989.58
Current liabilities
Accounts payable $33.28 $29.84 $42.69 $21.67
Deferred revenue
Short long term debt $32.26 $17.14 $41.56 $3.7
Total current liabilities $133.97 $112.91 $166.22 $80.07
Long term debt $426.44 $468.11 $380.07 $434.14
Total noncurrent liabilities $435.44 $498.94 $405.28 $434.47
Total debt $458.7 $494.25 $421.63 $437.84
Total liabilities $569.41 $611.85 $571.5 $514.54
Shareholders' equity
Retained earnings -$654.88 -$570.48 -$184.82 -$96
Other shareholder equity $10.94 $23.26 -$0.09
Total shareholder equity $291.35 $334.87 $609.52 $475.04
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Revenue
Total revenue $163.48 $117.73 $171.51 $153.16
Cost of revenue $103.34 $73.06 $108.18 $97.74
Gross Profit $60.14 $44.67 $63.33 $55.42
Operating activities
Research & development
Selling, general & administrative $58.75 $50.74 $80.29 $48.75
Total operating expenses $67.64 $59.85 $89.17 $57.64
Operating income -$7.5 -$15.18 -$25.84 -$2.22
Income from continuing operations
EBIT -$15.41 -$10.89 -$22.16 $18.64
Income tax expense $0.77 $0.85 $0.2 $0.16
Interest expense $7.87 $7.52 $7.81 $10.45
Net income
Net income -$24.05 -$19.26 -$30.17 $8.02
Income (for common shares) -$24.05 -$19.26 -$30.17 $8.02
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Revenue
Total revenue $605.88 $655.9 $785.54 $545.77
Cost of revenue $382.32 $427.13 $481.83 $310.41
Gross Profit $223.56 $228.77 $303.71 $235.36
Operating activities
Research & development
Selling, general & administrative $238.53 $297.51 $323.74 $143.93
Total operating expenses $274.31 $564.71 $358.11 $176.47
Operating income -$50.75 -$335.94 -$54.4 $58.9
Income from continuing operations
EBIT -$51.14 -$353.07 -$60.69 $66.42
Income tax expense $1.99 $1.19 $1.49 $0.75
Interest expense $31.27 $27.89 $26.65 $34.07
Net income
Net income -$84.4 -$382.14 -$88.82 $31.6
Income (for common shares) -$84.4 -$382.14 -$88.82 $31.6
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Net income -$24.05 -$19.26 -$30.17 $8.02
Operating activities
Depreciation $14.69 $14.44 $14.64 $14.2
Business acquisitions & disposals
Stock-based compensation $6.02 $6.2 $33.04 $7.94
Total cash flows from operations $19.68 $18.5 $49.45 -$23.59
Investing activities
Capital expenditures -$4.17 -$6.35 -$6.77 $0.37
Investments
Total cash flows from investing -$4.25 -$6.5 -$6.87 $0.24
Financing activities
Dividends paid
Sale and purchase of stock
Net borrowings $3.21 -$15.22 -$43.59 -$0.48
Total cash flows from financing $3.21 -$15.22 -$55.81 -$0.48
Effect of exchange rate
Change in cash and equivalents -$3.22 -$13.24 -$23.82
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income -$84.4 -$382.14 -$88.82 $31.6
Operating activities
Depreciation $57.97 $56.55 $47.5 $40.97
Business acquisitions & disposals -$56.85 -$12.72
Stock-based compensation $53.2 $87.7 $81.11 $12.81
Total cash flows from operations $64.04 $5.09 -$28.43 $46.6
Investing activities
Capital expenditures -$16.92 -$18.4 -$22.48 -$14.13
Investments $0.02
Total cash flows from investing -$17.38 -$18.9 -$79.9 -$27.34
Financing activities
Dividends paid
Sale and purchase of stock $142.27
Net borrowings -$56.07 $57.94 -$28.77 -$13.72
Total cash flows from financing -$68.3 $48.63 $113.51 -$14.78
Effect of exchange rate
Change in cash and equivalents $34.81 $5.18 $4.48
Fundamentals
Market cap $317.18M
Enterprise value $745.96M
Shares outstanding 125.87M
Revenue $605.88M
EBITDA $28.15M
EBIT -$29.82M
Net Income -$65.45M
Revenue Q/Q 18.35%
Revenue Y/Y -7.63%
P/E ratio -4.85
EV/Sales 1.23
EV/EBITDA 26.50
EV/EBIT -25.01
P/S ratio 0.52
P/B ratio 1.13
Book/Share 2.23
Cash/Share 0.24
EPS -$0.52
ROA -7.47%
ROE -20.81%
Debt/Equity 1.95
Net debt/EBITDA 19.17
Current ratio 1.62
Quick ratio 0.90