CE Pro February 2022 - 10

IndustryPulse
NEWS | ANALYSIS
Smart Home Public
Stocks Gain 20%
in 2021
Average stock price among 50 public
companies in CE Pro Smart Home
Stock Index rose 20.1% in 2021, led by
big winners Napco Security, Johnson
Controls, Wesco. By Jason Knott
PUBLICLY TRADED companies
engaged in the smart
home sector finished with
another strong year in 2021
in which the average stock
price rose a solid 20.1%.
The 2021 growth in the
CE Pro Smart Home Stock
Index was led primarily by
companies engaged in the
security space, likely driven
up by high demand due to
increased crime rates across
the nation.
The top growth companies
were:
Napco Security (up 91%)
Johnson Controls,
owners of brands such as
DSC, Simplex, Tyco, Kantech,
Visonic, Exacq, Sensormatic,
American Dynamics and
others (up 75%)
Wesco, parent company
of distributor Anixter (up 68%)
Alphabet, parent of
Google and Nest (up 65%).
Overall, 30 companies had
stock gains in 2021, while 20
saw their stock fall. That is a
much more mixed bag than
has occurred over the past
10 | CE Pro February 2022
two years. In 2020, only 16
companies had stock price
decreases and in 2019 there
were just eight companies
with lower share prices.
The 20% smart home
stock growth rate in 2021 is
on par with the overall stock
market. The Dow Jones
Industrials rose 18.7% for the
year, while the tech-heavy
Nasdaq grew 21.4% last year.
The smart home stock
index has now risen for three
consecutive years. The 2021
gain of 20% was preceded by
a 34.5% gain in 2020 and a
19% increase in 2019. The last
year smart home stocks fell
overall was in 2018 when they
were cumulatively down 19%.
The list of publicly held
companies is dynamic with
some new companies added
and others dropped as companies
buy into the smart
home space, sell their smart
home assets or diminish
their role in the market.
For 2021, the CE Pro Smart
Home Stock Index includes
50 companies. Among the
additions this year are:
European brand Allterco
Robotics and its Shelly smart
home brand were added as
the company entered the U.S.
market and debuted as a public
company in November 2021.
Security giant Assa
Abloy, based in Sweden, and
parent of key brands such as
HID Corp., August, Life Safety
Power, Medeco, Sargent,
Securitron and many others,
is now being tracked due to
its acquisition of smart door
lock makers Yale, Kwikset
and Baldwin.
Snap One, makers of
20 market-leading brands
in the smart home space,
went public on July 28. The
company saw its stock rise
30% since that IPO.
Synnex, the nationwide
distributor, purchased Tech
Data in 2021 to strengthen its
position in the pro AV space.
Tuya, the global IoT
platform developer that now
has more than 100 million
devices worldwide using
its framework, debuted as
public stock last March.
Among the companies
dropped from the list are Office
Depot, Qualcomm, Stanley
Black & Decker, Intel, DSP
and Haier. As always, many of
the stock prices (rise or fall)
are not necessarily directly
reflective of the state of the
smart home market. Most of
the companies on the list are
highly diversified companies
engaged in multiple industries,
from automotive to commercial
security to elevators.
2021 Big Winners, Losers
As noted, 30 stocks had price
gains in 2021. Of those, 26
had strong double-digit increases.
That is down from 32
companies that had growth
rates over 10% in 2020.
Napco Security was the
biggest gainer last year, almost
doubling its stock price from
$26.22 per share to $49.98.
That gain was on the heels
of an 11% decline in Napco's
share price in 2020. Several
other companies that had
strong gains last year were
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CE Pro February 2022

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