- Shares of GoPro have slid 25% year to date despite tremendous fundamental performance.
- In 2021, GoPro drove 30% y/y revenue growth, bolstered by higher-ASP cameras and growing popularity of its subscription services.
- The company's low-40s pro forma gross margins are the highest in the company's history.
- Trading at just ~6x forward adjusted EBITDA, GoPro continues to remain a very viable value play.
- A recent $100 million share buyback authorization should help to put a floor underneath GoPro's share price.
For further details see:
Underrated For Years, It's Finally GoPro's Time To Shine