Ticker: TEAD
Advertising aggregator for advertisers, agencies and publishers.
to 28.07.2021 20:00 [MSC]
Revenue
2019: 509,5m | 2020: 540,3m | 6%
20Q1: 95,6m | 21Q1: 126,6m | 32.5%
Profit
2019: 55,3m | 2020: 111,5m | 101.8%
20Q1: -1,0m | 21Q1: 28,0m
Express withdrawal
Weak growth, but accelerating revenue. Excellent profit growth.
Debts
0.4 debt / equity, at a rate of less than 2, excellent indicator.
Financial calculation
Score for 1 year + neighborhood, ie. 1, 25 years.
Shares in circulation.: 238,10m
Revenue
2019: 509,5
21Q1: 571.3
Annual growth: 9,6%
Profit
2019: 55,3
21Q1: 140.6
Expenses based on calculations
2019: 454,2
21Q1: 430,7
Annual growth: -4,2%
Excellent Unit Economics, revenue grows faster than expenses.
Further, taking into account the growth rate, we calculate 10 years of average annual growth and 10 years of terminal stage by 4%. Profit is reduced according to the rules for calculating discounted cash flows every year by 14,63 %, as it will be easier to invest in the index, rather than taking risks with this startup.
Fair price per share $19.
IPO range: $18 -21.
Solution: do not participate, there is no growth potential to a fair price and the country is not the USA.
