By James Dennin for Kapitall.
Snapchat is reportedly
getting pretty close to closing
on a new round of funding, sources close to the matter now say.
Even the Chinese e-commerce giant Alibaba is rumored to be
interested in getting a piece.
That's pretty impressive for a company founded
by frat boys, who prompted lots of snickers
when they turned down a $3 billion
The new funding would put the company at a $10 billion
valuation. That's billion with a 'b' for a company that has yet to
make a cent in profit.
To give you some context, that's pretty similar to the
valuations assigned to Airbnb and Dropbox, both of which have more
developed business models. It would also make Snapchat one of the
most valuable startups in the world.
That got us curious for some context. So I rounded up
four household names that would officially be less
valuable than Snapchat if the money comes through.
Do you think $10 billion is fair? Use the list below to begin
your analysis, and let us know what you think in the
Click on the interactive chart to view data over
1. Hanesbrands Inc.
): Engages in the design, manufacture, sourcing, and sale of
apparel essentials in the United States and internationally. Market
cap at $9.97B, most recent closing price at $100.08.
Hanes expects to make around
$600 million this year off $5 billion in sales. It is worth less
2. Coach, Inc.
): Engages in the design and marketing of accessories and gifts for
men and women in the United States and internationally. Market cap
at $9.49B, most recent closing price at $34.63.
Coach sells handbags for as much
as $20K. But it would still be worth less than Snapchat.
3. Burger King Worldwide, Inc.
): Together with its subsidiaries, operates and franchises fast
food hamburger restaurants under the Burger King brand
name. Market cap at $9.36B, most recent closing price at
sells about a half a million
burgers a day. That won't stop it from being surpassed by
4. Church & Dwight Co. Inc.
): Develops, manufactures, and markets a range of household,
personal care, and specialty products under various brand names in
the United States and internationally. Market cap at $8.99B, most
recent closing price at $66.18.
dominates the condom market
in the US with a 70% market share. Soon, however, Snapchat will be
bigger than it.
(List compiled by James Dennin. Monthly returns sourced from
Zacks Investment Research.)
Kapitall Wire is a division of New Kapitall Holdings, LLC.
Kapitall Generation, LLC is a wholly owned subsidiary of New
Kapitall Holdings, LLC. Kapitall Wire offers free investing
ideas, intended for educational information purposes only. It
should not be construed as an offer to buy or sell securities, or
any other product or service provided by New Kapitall Holdings,
LLC, and its affiliate companies.