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Metrics | Range | Conclusion |
---|---|---|
Selected LTM P/E Multiple | -13.0x - -14.4x | -13.7x |
Selected Fwd P/E Multiple | 25.0x - 27.6x | 26.3x |
Fair Value | $3.98 - $4.40 | $4.19 |
Upside | 15.3% - 27.4% | 21.3% |
Benchmarks | - | Full Ticker |
Veritone, Inc. | - | NasdaqGM:VERI |
Riot Platforms, Inc. | - | NasdaqCM:RIOT |
Zeta Global Holdings Corp. | - | NYSE:ZETA |
Unity Software Inc. | - | NYSE:U |
AudioEye, Inc. | - | NasdaqCM:AEYE |
Agora, Inc. | - | NasdaqGS:API |
- | - | - |
Select Price / LTM EPS Ratio | ||||||||
Benchmark Companies | ||||||||
VERI | RIOT | ZETA | U | AEYE | API | |||
NasdaqGM:VERI | NasdaqCM:RIOT | NYSE:ZETA | NYSE:U | NasdaqCM:AEYE | NasdaqGS:API | |||
Historical Net Income Growth | ||||||||
5Y CAGR | NM- | NM- | NM- | NM- | NM- | NM- | ||
3Y CAGR | NM- | NM- | NM- | NM- | NM- | NM- | ||
Latest Twelve Months | -41.5% | -209.4% | 75.0% | 45.3% | -20.5% | 49.5% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | -55.1% | -57.4% | -30.6% | -44.8% | -30.9% | -43.3% | ||
Prior Fiscal Year | -65.7% | -17.6% | -25.7% | -37.6% | -18.8% | -61.6% | ||
Latest Fiscal Year | -104.0% | 29.0% | -6.9% | -36.6% | -12.1% | -32.1% | ||
Latest Twelve Months | -102.8% | -17.5% | -3.2% | -24.4% | -10.9% | -16.6% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | -4.5x | 17.2x | 168.0x | -205.4x | -829.1x | -7.9x | ||
Price / LTM Sales | 1.9x | 9.4x | 4.0x | 9.4x | 4.2x | 2.3x | ||
LTM P/E Ratio | -1.8x | -53.6x | -127.9x | -38.4x | -38.3x | -14.1x | ||
Low | Mid | High | ||||||
Benchmark LTM P/E Ratio | -127.9x | -38.4x | -1.8x | |||||
Historical LTM P/E Ratio | -32.7x | -8.4x | -2.2x | |||||
Selected P/E Multiple | -13.0x | -13.7x | -14.4x | |||||
(x) LTM Net Income | (22) | (22) | (22) | |||||
(=) Equity Value | 289 | 304 | 319 | |||||
(/) Shares Outstanding | 90.7 | 90.7 | 90.7 | |||||
Implied Value Range | 3.18 | 3.35 | 3.52 | |||||
FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 3.18 | 3.35 | 3.52 | 3.45 | ||||
Upside / (Downside) | -7.7% | -2.8% | 2.0% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | VERI | RIOT | ZETA | U | AEYE | API | |
Value of Common Equity | 169 | 5,086 | 4,675 | 16,651 | 159 | 313 | |
(/) Shares Outstanding | 55.3 | 369.6 | 238.0 | 422.5 | 12.4 | 90.7 | |
Implied Stock Price | 3.05 | 13.76 | 19.64 | 39.41 | 12.85 | 3.45 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 3.05 | 13.76 | 19.64 | 39.41 | 12.85 | 3.45 | |
Trading Currency | USD | USD | USD | USD | USD | USD | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |