10 أسهم إنترنت الأشياء (IoT) للمستقبل المتصل

الإنترنت لكل شيء

Tech enthusiasts have been talking for a while now about the “Internet of Things,” or IoT. What it means might vary greatly depending on who you ask.

الفكرة العامة هي عالم مترابط للغاية حيث كل عنصر حولنا يرسل بيانات عن حالته، استهلاكه، إلخ، ويمكن التحكم فيه عن بُعد. ما يُعد جهاز إنترنت الأشياء أو لا سيعتمد على ذلك، مما يخلق توقعات وفهمًا مختلفًا للمفهوم.

مدى انتشارها يعتمد على ذلك. بعض الأشخاص يتخيلون عالماً متصلاً بالكامل حيث كل مصباح كهربائي وجهاز منزلي متصل بشكل مستقل. آخرون يرون أن الوصول سيبدأ أولاً في الصناعات، شبكة الكهرباء، والأجهزة الكبيرة مثل أنظمة التكييف والسيارات.

من المتوقع أن ينمو سوق إنترنت الأشياء بمعدل نمو سنوي مركب (CAGR) مثير للإعجاب يبلغ 26.1% ويصل إلى إجمالي 3.3 تريليون دولار بحلول عام 2030، مقارنةً بـ “فقط” 662 مليار دولار في 2023.

المصدر: Statista

10 أسهم إنترنت الأشياء (IoT) للمستقبل المتصل

1. Amazon.com, Inc.

AMZN مخطط السعر

The e-commerce giant is also a major factor in smart homes and a reseller of countless connected devices. The company is equally active in cloud computing, controlling 32% of the market through WAS, a key infrastructure requirement for IoT to become part of everyday life.

تشمل عروض المنزل الذكي للشركة Alexa ومكبرات الصوت الذكية Echo، وأنظمة الأمان، بالإضافة إلى مختلف الأجهزة، حلول WiFi والشبكات، الإضاءة، منظمات الحرارة، والطاقة.

المصدر: Amazon

دمج أنظمة إنترنت الأشياء الأخرى في Alexa يسمح بالتحكم الصوتي في المنزل بأكمله. باعت أمازون نصف مليار جهاز يدعم Alexa عالمياً منذ تأسيسها.

Amazon’s offer around Alexa also complements the wider Amazon products of Kindle e-reader, Prime subscription, and e-commerce services while being backed by AWS in the background. This makes Amazon a strong IoT actor but far from a pure play in the sector, with e-commerce and cloud making the company’s core for the foreseeable future.

2. Broadcom Inc.

AVGO مخطط السعر

Broadcom (AVGO ) manufactures connected devices and Internet infrastructure, from physical optic fiber to antennas, routers, semiconductors, and software. It is active in all infrastructural, industrial, enterprise, and consumer-level connectivity sectors.

هذا يعني أن الشركة موجودة في كل مستوى من مستويات إنترنت الأشياء، من المنازل أو المصانع إلى مراكز البيانات.

المصدر: Broadcom

أدى الازدهار في الطلب على مزيد من الاتصال وسعة الإنترنت إلى زيادة أرباح Broadcom بشكل كبير، حيث تضاعف التدفق النقدي الحر في السنوات الخمس الأخيرة.

كما سمح ذلك لـ Broadcom بزيادة توزيعات أرباحها بنسبة 38% CAGR منذ 2016، تقريباً بمضاعفتها 10 مرات.

Because Broadcom is so deeply embedded in the global Internet, it should be a major winner of a wide and consistent increase in data volume generated by IoT becoming commonplace. So this can be a good stock to bet on the world getting increasingly connected, whether it is smart homes, cloud databases, or enterprises.

3. QUALCOMM Incorporated

QCOM مخطط السعر

Qualcomm’s (QCOM ) Snapdragon chips and other semiconductor products are at the heart of a large section of the world’s digital experiences. This includes هواتف سامسونج الذكية, more recently رقائق 5G إلى Apple (AAPL ) , cars’ واجهة رقمية and الاتصال, ساعات ذكية, منازل ذكية, أجهزة صوتية, but also industrial systems for شبكات كهربائية, التجزئة, الأتمتة, الروبوتات، الرعاية الصحية, etc…

المصدر: Qualcomm

في الربع الثاني من 2023، حققت الشركة إيرادات بقيمة 1.5 مليار دولار من قطاع السيارات و434 مليون دولار من قطاع السيارات، من إجمالي إيرادات قدره 7.2 مليار دولار. لذا، في الوقت الحالي، تشكل الهواتف الذكية الجزء الأكبر من إيرادات Qualcomm، لكن إنترنت الأشياء ينمو بسرعة.

الشركة نشطة أيضاً في مجال الذكاء الاصطناعي، مع تحركات لجعل نماذج الذكاء الاصطناعي قادرة على العمل على Snapdragon، بالإضافة إلى خدمات الذكاء الاصطناعي للهواتف الذكية.

كونها رائدة في تقنية 5G، النظام الوحيد للاتصالات القادر على معالجة حجم البيانات الذي من المحتمل أن يولده الاعتماد الواسع لإنترنت الأشياء، فإن Qualcomm في موقع جيد لرؤية مبيعات شرائحها تنمو بالتناسب.

ارتفاع السيارات الكهربائية والمزيد من السيارات المتصلة هو قطاع نمو آخر للشركة، خاصة الآن بعد أن الشركات المصنعة التقليدية للسيارات تستثمر بالكامل في هذه التقنيات.

So, not dissimilar to Broadcom, Qualcomm is a good stock to collect a part of the budget going to IoT, as well as 5G infrastructure, especially in the context of Chinese rivals like Huawei getting banned in most Western countries.

4. Siemens Aktiengesellschaft

Siemens is a strong electronic company in the industrial sector, with activity in industries, infrastructure, mobility, and healthcare.

المصدر: Siemens

تنشط أنشطة الشركة في إنترنت الأشياء عبر عدة قطاعات، بما في ذلك الأتمتة (62% من إجمالي الصناعات الرقمية) والبنية التحتية الذكية. يركز نشاط الرعاية الصحية أكثر على التصوير، التحليلات، والروبوتات، بينما يتركز قطاع التنقل أساساً على بنية السكك الحديدية والقطارات.

ترى الشركة فرصة كبيرة في الأتمتة نتيجة انخفاض السكان عالمياً و”العولمة المحلية” (أو “إعادة التصنيع” بالقرب من الأسواق النهائية). كما أن الزيادة في وجود مصادر الطاقة المتجددة في شبكة الكهرباء تزيد الطلب على “شبكة ذكية” قادرة على التعامل مع هذه المصادر المتقطعة والمتغيرة.

في المجال الذي تنشط فيه، تُعد Siemens منافساً قوياً جداً، حيث تحتل المرتبة الأولى في أتمتة المصانع، أتمتة السكك الحديدية، أتمتة الشبكات، والبرمجيات الصناعية العمودية (بما في ذلك 1,300 خبير أمان سيبراني).

من المتوقع أن تنمو قطاعات أعمال Siemens خارج الرعاية الصحية بنسبة 10-16% لعام 2023.

المصدر: Siemens

Siemens is a stock positioned to benefit from electrification, re-shoring, IoT, automation, and overall the increasing level of technology in our industrial processes. So it is not directly exposed to the consumer side of IoT and will profit the most if IoT is first adopted en masse by utilities and industries.

5. Schneider Electric S.E.

Schneider is a company active in the electric sector and industrial automation. It is positioned to benefit from increasing demand for energy, electrification & renewable, and digitalization of industrial processes.

المصدر: Schenider

عند الحديث عن إنترنت الأشياء، تقدم Schneider مكونات أو حلول كاملة في كل قسم فرعي تقريباً من إنترنت الأشياء، بما في ذلك السكنية, إدارة المباني, حلول الطاقة الشمسية, شبكة الطاقة, إمداد الطاقة وتبريد مراكز البيانات, الأتمتة,

The company relies heavily on its partners for its sales, with 60% of revenues done through its 650,000+ partners and service providers.

The company has been growing its revenues by 16% in Q1 2023 and its dividends by x3 since 2009. Schneider’s management sees a double-digit growth in the next years as sustainable.

At first glance, Schneider’s products are less high-tech than computer chips or robots. However, they are needed for building the energy infrastructure supporting the green revolution, automation, and electrification. So this can be a good stock for a “pick and shovel” strategy, where Schneider sales will closely mirror the build-up in data centers, solar farms, EVs, smart factories, etc…

6. NXP Semiconductors N.V.

NXPI مخطط السعر

NXP is a major producer of microcontrollers, sensors, and wireless antennas. Its main sectors are automotive, IoT, mobile, and telecom infrastructures.

المصدر: NXP

A strong growth driver for the company has been the changing design of cars, with radar systems, electrification, and wireless connections. The demand for RF power in 5G infrastructure is another source of growth. The company expects these activities to keep growing at a high 20-25% CAGR, while the rest should grow much more slowly.

المصدر: NXP

The company has grown its revenues by 14% CAGR since 2019, driven by the growth of the automotive segment (18% CAG) and IoT (19%).

The growing importance of IoT and automotive makes NXP very sensitive to the pace of adoption of IoT and EVs. A further segment likely to matter increasingly for NXP is المدن الذكية.

NXP’s future success will depend on its ability to remain a leader in competitive markets. Currently, it is the leader for most of its automotive and mobile segments while having a less solid position in IoT and telecom.

المصدر: NXP

So, while it is an interesting IoT stock, investors will need to be familiar with the EV market as well, as this is, for the short term, the main driver of NXP revenues and growth.

7. Johnson Controls International plc

JCI مخطط السعر

Johnson Controls produces and services HVAC equipment, fire detection & suppression, refrigeration, energy systems, and smart homes. The company is the result of the merger of Johnson Controls and  Tyco in 2016.

With its focus on cooling + heating, and safety, Johnson Controls is active in a $300B+ total addressable market. Johnson sells connected thermostats, wireless security systems, and indoor air quality controls for residential IoT.

The company should benefit from the push for greener and more efficient buildings and cleaner air systems after the pandemic. The company’s 2 main activities are residential and commercial HVAC and fire systems, with 46% of revenues generated out of the USA.

المصدر: Johnson

Thanks to a comprehensive offer of sensors, fire safety, security, and air systems, Johnson can provide integrated solutions for the entire building management, increasing safety while also reducing costs through more efficient resource management.

With more than 2/3nd of the company’s revenues coming from equipment or installation fees, it is greatly exposed to the spending of the building industry. So, while this can also include renovation and repairs, a slowdown in commercial and residential real estate construction is a risk for the company, especially in the context of rising interest rates.

In the long run, the efforts Johnson spent on R&D since 2016, resulting in multiplying its patents number by 10x should also help it stay at the edge of an industry quickly turning more technological.

المصدر: Johnson

8. Acuity Brands, Inc.

AYI مخطط السعر

Acuity is a company focusing on smart and efficient lighting systems and indoor space design through the usage of LED lamps and UV air purification systems. The company is also selling lighting systems for horticulture and indoor farming.

Acuity’s lamps allow for controlling colors dynamically and have embedded controls, allowing for easy installation of smart & connected lighting, reducing total costs, and ensuring the building complies with increasingly severe building energy codes.

المصدر: Acuity

المصدر: Acuity

It is also relatively unique regarding UV lamps, as Acuity systems do not require people to leave the room and can work as well for occupied spaces like hospitals or classrooms.

Regarding design services, Acuity, through Atrius, offers the possibility to automate carbon footprint reporting, helping the company to gather data for their ESG reporting automatically. It also provides integrated energy management software with automated utility bills, maintenance schedules, and energy reporting.

Through its Distech branch, Acuity also offers software for designing HVAC systems and air control apps.

The company has seen sales decline in Q3 2023, with net sales down 6% and flat adjusted operating profit. This is likely due to a slowdown in commercial real estate following a related banking crisis in the US in the first part of 2023.

It is still to be seen how the US real estate sector will be impacted by rising interest rates. Still, at a rather low P/E and a stock price back to 2015 levels, Acuity can be a good pick for investors willing to brave short-term risks for long-term opportunities in building and getting more efficient in their lighting systems.

9. Alarm.com Holdings, Inc.

ALRM مخطط السعر

As its name indicates, the company started in 2000 as a seller of connected security systems for both homes and businesses and did its IPO in 2015. It allows its users to control and check their properties via a dedicated app remotely.

Alarm.com (ALRM ) currently has 9.1 million subscribers and 11,000+ service partners performing security checks and installations.

Since 2019, the company developed AI-based video analytics to evaluate security risks, complemented by the acquisition of OpenEye.

Security is the primary reason people adopt smart home systems, way above convenience or energy efficiency. This gives Alarm.com an advantage, as it is active in the sector where people are already convinced of the pertinence of smart homes beyond the usual tech enthusiasts.

المصدر: Alarm

In fact, the company dominates its niche, with 9 out of 29 million homes equipped with home security in the USA & Canada powered by Alarm.com. However, it has only half a million in the international market, leaving much room to increase market penetration. The company expects that up to 400 million homes might be relevant for the home security markets, more than 40x Alarm.com’s current client count.

المصدر: Alarm

The total addressable market is even larger for commercial properties, with 500,000 clients currently and a total of 118 million properties globally considered as “serviceable business.” With already 11 million businesses monitored, Alarm.com’s current market share is only 4.5%, and even less for international markets, leaving plenty of room for industry consolidation.

Alarm.com is not so much a builder of IoT systems than a promoter and integrator of these solutions, able to bring together all manner of sensors and smart devices with a full cloud-based security service adapted to each situation.

Alarm.com’s scale allows it to deploy AI solutions and benefit from economies of scale quickly. The company also has a history of successful acquisitions, from AI vision to drones to software.

It also expects to see new growth opportunities from its energy management service EnergyHub, property management PointCentral, and HVAC automated smart home solution Building36.

10. Impinj, Inc.

PI مخطط السعر

Impinj is a producer of RAIN (RAdio IdentificatioN) RFID tag chips allowing for tracking individual items, pushing for a vision to “Connect Everything to the IoT.”

The company might be justified in that sort of declaration, with revenues up by 20% CAGR since 2018, having shipped 85 billion tags and sold 4 million readers.

Just in 2022, RAIN tags allowed for tracking of 34 billion items, an impressive number, but still only 0.3% of connectable items like food, auto parts, parcels, parcels, cosmetics, etc. This is in large part due to the fact that RAIN RFID technology is still, for now, mostly used only by some large corporations, making an impressive 2,000+ client list for Impinj, from NASA to Coca-Cola (KO ) (CCC3.DE ) and Walmart.

By tracking every item, tag chips can solve many issues, from inventory management to logistics or even shoplifting, while allowing for increased efficiency through automated checkout and omnichannel fulfillment.

المصدر: Impinj

When IoT often means smartwatches, smart grids/cities/homes, Impinj offers a different approach, focused on the endless movement of goods throughout the supply chain. A system of which we saw the limitations during the pandemic.

With the need for more visibility on inventory and customers getting used to self-checkout, the market for cheap tag chips is likely to grow massively, which in turn should benefit leaders in the sector like Impinj.