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Viomi Technology Co (VIOT)
NASDAQ:VIOT
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Viomi Technology Co
(NASDAQ:VIOT)
Rating:49Neutral
Price Target:―
Viomi Technology Co (VIOT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$224.45M
Dividend YieldN/A
Average Volume (3M)1.26M
Price to Earnings (P/E)28.5
Beta (1Y)0.57
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees750
SectorConsumer Cyclical
Sector Strength68
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)0.04
Shares Outstanding33,952,858
10 Day Avg. Volume3,454,874
30 Day Avg. Volume1,257,424
Financial Highlights & Ratios
PEG Ratio5.40
Price to Book (P/B)1.31
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Viomi Technology Co Business Overview & Revenue Model
Company DescriptionViomi Technology Co., Ltd, through its subsidiaries, develops and sells Internet-of-things-enabled (IoT-enabled) smart home products in the People's Republic of China. The company offers IoT-enabled smart home products, including smart water purification systems; smart kitchen products, such as refrigerators, oven steamers, dishwashers, range hoods, and gas stoves; and other smart products comprising air conditioning systems, washing machines, water heaters, smart water kettles, sweeper robots, smart locks, smart TV, and other smart devices. It also provides a suite of complementary consumable products and small appliances, such as blenders, portable fans, rice cookers, water quality meters, water filter pitchers, stainless-steel insulated water bottles, smart toilet, and food waste disposals; and value-added services. The company sells its products directly to consumers through its online platform, Viomi mobile app, and e-commerce channels, including Youpin, JD.com, Tmall, Pinduoduo, and Suning, as well as offline experience stores. Viomi Technology Co., Ltd has a strategic partnership with Xiaomi Corporation. The company was founded in 2014 and is headquartered in Guangzhou, China.
How the Company Makes MoneyViomi Technology Co. generates revenue primarily through the sale of its IoT-enabled smart home products. The company offers a diverse portfolio of products that cater to the growing demand for smart home solutions, including smart water purifiers, refrigerators, washing machines, and other appliances. Viomi also partners with various e-commerce platforms and retail channels to distribute its products, thereby expanding its market reach. Additionally, the company benefits from collaborations with technology firms such as Xiaomi, which not only helps in product development but also in leveraging established distribution networks to boost sales. These partnerships and innovative product offerings contribute significantly to Viomi's earnings.
Viomi Technology Co Earnings Call Summary
Earnings Call Date:Mar 25, 2025
(Q4-2024)
| % Change Since: 54.62%|
Next Earnings Date:Aug 20, 2025
Earnings Call Sentiment Positive
The earnings call highlighted strong revenue growth and a shift to profitability following strategic reorganization. Despite challenges such as a decrease in gross margin and consumables revenue, the company's successful product launches and strategic market expansions indicate a positive outlook.Q4-2024 Updates
Positive Updates
Record Revenue Growth
Full-year net revenues reached RMB2.1 billion, marking a 29.3% increase from RMB1,638.7 million in 2023. Revenues from home water solutions grew by 39% year-over-year.
Turnaround to Profitability
The company achieved a net income of RMB62.3 million, reversing losses from the past two years.
Successful Product Launches
The Vortex series under-the-sink RO water purifiers surpassed its Kickstarter funding goal on the first day, and the AI water purifier ranked high on various platforms during the Double 11 Shopping Festival.
Strategic Partnerships
Viomi renewed its agreement with Xiaomi and established a strategic partnership with Malaysia's leading home appliance retailer.
Global Market Expansion
Viomi participated in CES 2025 and expanded its presence in North America and Southeast Asia.
Negative Updates
Gross Margin Decline
Gross margin decreased from 32.8% to 22.6% for the second half of 2024, and from 31.9% to 25.9% for the full year, primarily due to a higher revenue contribution from low-margin products.
Decreased Revenue from Consumables
Revenues from consumables decreased by 24.6% in the second half and 14.5% for the full year of 2024, mainly due to decreased sales of water purifier filters sold to Xiaomi.
Company Guidance
In the second half and full year of 2024, Viomi Technology Co., Ltd. reported strong financial performance, surpassing previous guidance with full-year net revenues of RMB2.1 billion and operating income of RMB156.3 million. Notably, revenues from home water solutions grew by 39% year-over-year, which significantly contributed to the company's overall business expansion. The strategic shift following the August 2024 business reorganization improved operational efficiency, leading to a net income of RMB62.3 million, reversing the losses from the past two years. The company also reclassified its revenue streams into three categories: home water systems, consumables, and kitchen appliances, with home water systems generating RMB925.7 million, marking a 58.2% increase from the same period in 2023. Despite a temporary increase in personnel expenses, the company achieved a gross margin of 25.9% for the full year. Viomi's strategic initiatives for 2025 include strengthening domestic market presence, driving international expansion, enhancing their water purification product portfolio, and deepening collaborations, particularly following their successful entry into the North American market and Southeast Asia.Viomi Technology Co Financial Statement Overview
Summary
Viomi Technology Co is encountering financial difficulties characterized by declining revenues, persistent losses, and negative cash flows. While the company's balance sheet reflects moderate leverage and stable equity, the income statement and cash flow indicate significant challenges in profitability and cash generation. Strategic adjustments are necessary to improve financial health and sustain long-term growth.Income Statement
Viomi Technology Co has experienced significant revenue decline over the past few years, decreasing from CNY 5.83 billion in 2020 to CNY 2.49 billion in 2023. The gross profit margin has decreased slightly from 2022 to 2023, while the company has been operating at a net loss for the past three years, with a negative net profit margin, reflecting challenges in profitability.52
Neutral
Balance Sheet
The company maintains a stable equity base with an equity ratio around 49% in 2023, indicating moderate leverage. However, the debt-to-equity ratio has increased slightly due to rising total debt, pointing to a cautious approach towards debt management. Stockholders' equity has decreased but remains a significant part of the assets.60
Neutral
Cash Flow
Viomi Technology Co has faced negative free cash flow in recent years, with a substantial decline in free cash flow from 2019 to 2023. Operating cash flow is consistently negative, highlighting challenges in operational efficiency. The free cash flow to net income ratio is unfavorable, reflecting weak cash generation relative to earnings.45
Neutral
| Breakdown | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.49B | 3.23B | 5.30B | 5.83B | 4.65B |
| Gross Profit | 569.52M | 737.09M | 1.20B | 1.08B | 1.08B |
| EBITDA | -54.27M | -188.82M | 136.82M | 238.25M | 334.65M |
| Net Income | -84.67M | -282.63M | 88.61M | 173.32M | 292.17M |
Balance Sheet | |||||
| Total Assets | 2.75B | 2.97B | 3.28B | 3.18B | 3.02B |
| Cash, Cash Equivalents and Short-Term Investments | 957.92M | 1.11B | 1.47B | 1.21B | 1.35B |
| Total Debt | 261.85M | 148.79M | 35.01M | 21.17M | 116.25M |
| Total Liabilities | 1.41B | 1.54B | 1.63B | 1.65B | 1.65B |
| Stockholders Equity | 1.35B | 1.43B | 1.65B | 1.53B | 1.37B |
Cash Flow | |||||
| Free Cash Flow | -216.83M | -484.13M | 198.80M | 134.75M | 176.88M |
| Operating Cash Flow | -103.23M | -284.17M | 308.97M | 185.20M | 245.48M |
| Investing Cash Flow | -198.93M | 314.55M | -265.32M | -433.08M | -268.96M |
| Financing Cash Flow | 115.66M | 113.56M | 17.13M | -146.38M | 48.54M |
Viomi Technology Co Technical Analysis
Positive
3.68
Price Trends
1.59
Positive
1.60
Positive
1.53
Positive
Market Momentum
0.48
Negative
84.59
Negative
83.79
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VIOT, the sentiment is Positive. The current price of 3.68 is above the 20-day moving average (MA) of 1.92, above the 50-day MA of 1.59, and above the 200-day MA of 1.53, indicating a bullish trend. The MACD of 0.48 indicates Negative momentum. The RSI at 84.59 is Negative, neither overbought nor oversold. The STOCH value of 83.79 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for VIOT.
Viomi Technology Co Risk Analysis
Viomi Technology Co disclosed 86 risk factors in its most recent earnings report. Viomi Technology Co reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 1 New Risks
1.
If labor costs in China increase substantially, our business and costs of operations may be adversely affected. Q4, 2023
Viomi Technology Co Peers Comparison
Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $15.64B | 35.06 | 24.75% | ― | 27.33% | 134.09% | |
71 Outperform | $755.78M | 13.17 | 12.09% | 5.25% | -6.32% | -18.35% | |
64 Neutral | $1.47B | 14.34 | 8.02% | ― | 1.30% | -44.70% | |
62 Neutral | $16.91B | 10.88 | -7.01% | 2.97% | 1.73% | -25.16% | |
53 Neutral | $1.35B | ― | -50.35% | 2.00% | -6.50% | -221.33% | |
49 Neutral | $224.45M | 28.48 | 5.61% | ― | ― | ― | |
44 Neutral | $150.24M | ― | -237.51% | ― | -27.44% | -2.92% |
* Consumer Cyclical Sector Average
Performance Comparison
VIOT
Viomi Technology Co
3.68
2.73
287.37%
ETD
Ethan Allen
28.52
-0.50
-1.72%
IRBT
iRobot
4.51
-6.72
-59.84%
LEG
Leggett & Platt
9.78
-2.82
-22.38%
MBC
MasterBrand Inc
11.15
-6.06
-35.21%
SN
SharkNinja, Inc.
110.51
38.63
53.74%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.