Matterport, Inc. (MTTR) | Investment Case

1. Company Snapshot

1.a. Company Description

Matterport, Inc., a spatial data company, focuses on digitization and datafication of the built world.It offers Matterport digital twins, a 3D data platform to design, build, operate, promote, and understand spaces.The company offers Matterport Capture, an application that enables to capture depth, data, and imagery of a space using 3D cameras, 360 cameras, and iPhones; Matterport Workshop application to customize, add additional details, and share spaces; Matterport Showcase application for audience view and explore space in its final format; and Matterport VR to experience virtual reality.

It offers solutions for real estate, photography, travel and hospitality, retail, insurance and restoration, industrial and facilities management, architecture, and engineering and construction industries.Matterport, Inc.was founded in 2011 and is headquartered in Sunnyvale, California.

Show Full description

1.b. Last Insights on MTTR

Matterport's recent performance was driven by strong subscription growth and progress toward profitability, as evident from its Q3 2024 financial results. The company reported a record quarter, with notable achievements including achieving AWS Manufacturing and Industrial Competency and Energy Competency, underscoring its dedication to delivering innovative solutions. Additionally, the appointment of James Fay, Matterport's CFO, to Mitek's board of directors highlights the company's leadership expertise. The acquisition deal with CoStar Group presents an arbitrage opportunity, with a potential 12.2% return, as per recent analysis.

1.c. Company Highlights

Last Price	5.38
Change Percentage	0.00%
Open	5.38
Previous Close	5.38
Market Cap ( Millions)	1763
Volume	13523880
Year High	5.46
Year Low	1.73
M A 50	5.11
M A 200	4.64

FCF Yield	-0.88%
Dividend Yield	0.00%
ROE	-54.36%
Debt / Equity	0.05%
Net Debt / EBIDTA	47.77%
Price To Book	4.4
Price Earnings Ratio	-7.93
Price To FCF	-113.69
Price To sales	13.58
EV / EBITDA	-14.29

2. Transcript Summary

Unfortunately this company is not part of our coverage yet. But as part of your subscription plan you can request it by clicking just below and we'll process.

Request Coverage

3. NewsRoom

Jean Barbagelata Joins Tech CU's Board of Directors

Jul -01

Source: globenewswire.com

VIAVI State of the Network Study Shows that Teams with Unified Data Sources Achieve Faster MTTD, Shorter MTTR, and Stronger NetSecOps Alignment Across Hybrid Environments

Jun -05

Source: prnewswire.com

CoStar Group Completes Acquisition of Matterport, Ushering in a New Era of 3D Digital Twins and AI-Powered Real Estate Innovation

Feb -28

Source: businesswire.com

Matterport, Inc. (MTTR) Reports Q4 Loss, Tops Revenue Estimates

Feb -27

Source: zacks.com

Matterport Announces Fourth Quarter 2024 Financial Results, with Over 50 Billion in Square Feet Under Management, up 33%, and Total Subscription Revenue up 14%, Year-over-Year

Feb -26

Source: globenewswire.com

Matterport 2025 Winter Release: Productivity Multiplied Delivers The Next Leap in Property Marketing and Management

Feb -25

Source: globenewswire.com

Introducing Matterport Marketing Cloud: The Ultimate Hub for Real Estate Agents to Get Listings to Market Faster

Feb -25

Source: globenewswire.com

Matterport Recognized as a HousingWire 2025 Tech100 Real Estate Honoree for Innovation in Property Marketing Solutions

Feb -18

Source: globenewswire.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (11.34%)

6. Segments

Subscription

Expected Growth: 12%

Matterport's subscription growth is driven by increasing adoption of digital twin technology in real estate, hospitality, and construction industries. Growing demand for virtual property tours, space planning, and facility management solutions fuels the growth. Additionally, the company's expanding partner network, improved user experience, and strategic pricing strategy contribute to the 12% growth rate.

Services

Expected Growth: 11%

Matterport's 11% growth driven by increasing adoption of digital twin technology in real estate, hospitality, and e-commerce industries. Growing demand for immersive 3D experiences, expansion into new markets, and strategic partnerships are key contributors. Additionally, the company's focus on innovation, such as AI-powered capture technology, is enhancing customer experience and driving revenue growth.

Product

Expected Growth: 10%

Matterport's 10% growth driven by increasing adoption of digital twin technology in real estate, hospitality, and e-commerce industries. Growing demand for immersive 3D experiences, expansion into new markets, and strategic partnerships are key contributors. Additionally, the company's focus on innovation, including AI-powered platform enhancements, is driving customer retention and acquisition.

License

Expected Growth: 9%

The 9% growth is driven by increasing adoption of Matterport's 3D spatial data platform in the real estate and construction industries, fueled by rising demand for digital twin technology, growing need for remote property inspections, and expanding partnerships with leading property technology companies.

7. Detailed Products

Matterport Capture

A 3D scanning camera that captures immersive and interactive 3D models of spaces

Matterport Cloud

A cloud-based platform that allows users to upload, process, and manage their 3D models

Matterport Spaces

A web-based platform that allows users to create and share interactive 3D models of spaces

Matterport Workshop

A software tool that allows users to edit and customize their 3D models

Matterport SDK

A software development kit that allows developers to integrate Matterport's 3D technology into their own applications

8. Matterport, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Matterport's 3D modeling technology is unique, but there are substitutes in the market such as traditional photography and videography. However, the company's technology provides a more immersive experience, making it a medium threat.

Bargaining Power Of Customers

Matterport's customers are primarily real estate agents and property owners who need 3D modeling services. They have limited bargaining power due to the specialized nature of the service.

Bargaining Power Of Suppliers

Matterport's suppliers are primarily camera manufacturers and software providers. The company has a strong bargaining power due to its unique technology and limited dependence on suppliers.

Threat Of New Entrants

The threat of new entrants is high due to the growing demand for 3D modeling services. However, Matterport's patented technology and established market presence provide a barrier to entry.

Intensity Of Rivalry

The intensity of rivalry is medium due to the presence of competitors such as GeoCV and iStaging. However, Matterport's strong brand recognition and established customer base provide a competitive advantage.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

	Value
Debt Weight	0.28%
Debt Cost	3.95%
Equity Weight	99.72%
Equity Cost	9.49%
WACC	9.48%
Leverage	0.28%

11. Quality Control: Matterport, Inc. passed 3 out of 9 key points

Strong Liquidity

Low Debt

Strong Interest Coverage

Healthy Cash Flow

Operating Efficiency

Strong Return On Equity

Consistent Revenue Growth

Consistent Operating Cash Flow Growth

Margin Improvement

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Olo

A-Score: 5.4/10

Value: 3.5

Growth: 8.3

Quality: 5.2

Yield: 0.0

Momentum: 9.5

Volatility: 6.0

1-Year Total Return ->

WM Technology

A-Score: 4.5/10

Value: 7.5

Growth: 3.0

Quality: 7.0

Yield: 0.0

Momentum: 8.0

Volatility: 1.3

1-Year Total Return ->

Matterport

A-Score: 4.3/10

Value: 6.4

Growth: 5.0

Quality: 4.0

Yield: 0.0

Momentum: 7.0

Volatility: 3.3

1-Year Total Return ->

PagerDuty

A-Score: 3.8/10

Value: 3.9

Growth: 7.8

Quality: 3.5

Yield: 0.0

Momentum: 3.0

Volatility: 4.7

1-Year Total Return ->

Bumble

A-Score: 3.7/10

Value: 9.2

Growth: 4.0

Quality: 3.4

Yield: 0.0

Momentum: 3.5

Volatility: 2.0

1-Year Total Return ->

Jamf

A-Score: 3.3/10

Value: 4.2

Growth: 5.8

Quality: 4.8

Yield: 0.0

Momentum: 0.5

Volatility: 4.7

1-Year Total Return ->

Peers Metrics

12.e Scoring ^Insights

12.f DCF ^BETA

Parameters

Short Term Growth

50.44%

Short term Time

10.0

Long-Term Growth

2.00%

WACC

9.48%

Matterport, Inc. - US5770961002

1. Company Snapshot

1.a. Company Description

1.b. Last Insights on MTTR

1.c. Company Highlights

More Volatile

Strong Momentum

Average Growth

Earnings Beats

Earnings Miss

Stable Momentum

Revenues Miss

Fairly Valued

Revenues Beats

Average Quality

Medium Volatility

Less Volatile

Average Yield

2. Transcript Summary

3. NewsRoom

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (11.34%)

6. Segments

Subscription

Expected Growth: 12%

Services

Expected Growth: 11%

Product

Expected Growth: 10%

License

Expected Growth: 9%

7. Detailed Products

Matterport Capture

Matterport Cloud

Matterport Spaces

Matterport Workshop

Matterport SDK

8. Matterport, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Bargaining Power Of Customers

Bargaining Power Of Suppliers

Threat Of New Entrants

Intensity Of Rivalry

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

11. Quality Control: Matterport, Inc. passed 3 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

5.38$

Current Price

5.38$

Potential

-0.00%

Expected Cash-Flows

12.e Scoring ^Insights

12.f DCF ^BETA