Netgear ntgr
This presentation is the property of its rightful owner.
Sponsored Links
1 / 23

Netgear (NTGR) PowerPoint PPT Presentation


  • 146 Views
  • Uploaded on
  • Presentation posted in: General

Netgear (NTGR). Bharath Chandrashekhar Daniel Kleeman Shalini Sivarajah Presented: April 10, 2014. Agenda. Company Profile Business Model SWOT Analysis Macroeconomic Overview Stock Performance Porter’s Analysis Comps Analysis Financial Analysis Valuation Recommendation.

Download Presentation

Netgear (NTGR)

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Netgear ntgr

Netgear (NTGR)

BharathChandrashekhar

Daniel Kleeman

Shalini Sivarajah

Presented: April 10, 2014


Agenda

Agenda

  • Company Profile

  • Business Model

  • SWOT Analysis

  • Macroeconomic Overview

  • Stock Performance

  • Porter’s Analysis

  • Comps Analysis

  • Financial Analysis

  • Valuation

  • Recommendation


Company profile

Company Profile

  • Netgear is a global networking company, engaged in providing a range of networking products to consumers, businesses and service providers

  • The company operates in US, EMEA (Europe, Middle-East and Africa) and Asia

  • Incorporated: January 1996

  • HQ: San Jose, CA

  • IPO: July 2003, raised $98m

  • Market Cap: $1.2bn

  • Current Share Price(4/8/14): $33.45


Business model

Business Model

  • Outsource manufacturing, warehousing and distribution

  • Focus mainly on sales & marketing and R&D

  • Distribution is mainly through traditional retailers, online retailers, wholesale distributors, DMR and VARs

  • Three business segments:

    • Retail

    • Commercial

    • Service Provider

  • Little to no debt

  • 150 issued United States and 80 foreign patents that expire between 2014 and 2030

  • Approximately 125 pending United States and foreign patent applications


Business segmentation

Business Segmentation

  • WiFi Internet Routers

  • WiFiNetwork Adapters WiFiRange Extenders Network PowerlineProducts

  • Home Monitoring Cameras

  • Multimedia Streaming Devices

  • Home Use Network Storage

  • Switches and Access Points

  • Mobile Broadband Routers

  • DSL and Cable Gateways

  • Unified Network Storage Systems

  • WiFiNetworking Products

  • Network Management Tools

  • Network Security

  • Mobile Broadband Devices

  • WiFi Routers

  • DOCSIS 3.0 Gateways

  • xDSL and Fiber Gateways

  • Powerline and MoCA Adapters

  • WiFi Adapters

  • Storage

  • Switches

  • Home Security

  • Network Security


Retail

Retail

Networking Retail Share

Source: Analyst Day 2013 Presentation

Wifi Router

USB Mini Adapter

Wifi Range Extender

DSL Modem Router


Commercial

Commercial

Switches

Backup Storage

Wifi Networking Router


Service provider

Service Provider


Business segments

Business Segments


Geographic segments

Geographic Segments

Revenue Breakdown


Swot analysis

SWOT Analysis


Macroeconomic overview

Macroeconomic Overview

  • Key Drivers

    • Demand from wired Telecommunications operators

    • Number of broadband connections

    • Corporate profit

    • Aggregate private investments- expected to increase by 5.1% in the above period


Stock performance

Stock Performance

NASD

NTGR

Source: Yahoo Finance


Porter s 5 forces

Porter’s 5 Forces


Competitive space

Competitive Space


Comparable companies

Comparable Companies


Valuation comparable companies

Valuation – Comparable Companies


Financial analysis

Financial Analysis


Business performance

Business Performance


Revenue analysis

Revenue Analysis


Valuation discount rate

Valuation – Discount Rate


Valuation dcf

Valuation – DCF


Recommendation

Recommendation

  • Current Price – $34.04

  • DCF Value – $17.44

  • Comps Value – $20.54 - $34.34

  • Recommendation:No change, keep on watch list


  • Login