MEDIAALPHA INC-CLASS A (MAX) Stock Fundamental Analysis
NYSE:MAX - New York Stock Exchange, Inc. - US58450V1044 - Common Stock - Currency: USD
MAX gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 71 industry peers in the Interactive Media & Services industry. There are concerns on the financial health of MAX while its profitability can be described as average. MAX is not overvalued while it is showing excellent growth. This is an interesting combination.
1. Profitability
1.1 Basic Checks
In the past year MAX was profitable.
In the past year MAX had a positive cash flow from operations.
In the past 5 years MAX reported 4 times negative net income.
In the past 5 years MAX always reported a positive cash flow from operatings.
1.2 Ratios
MAX has a Return On Assets of 4.08%. This is in the better half of the industry: MAX outperforms 74.24% of its industry peers.
MAX has a Return On Invested Capital of 21.23%. This is amongst the best in the industry. MAX outperforms 92.42% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.08% | ||
| ROE | N/A | ||
| ROIC | 21.23% |
ROA(3y)-20.67%
ROA(5y)-9.44%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
MAX has a better Profit Margin (1.41%) than 63.64% of its industry peers.
With a decent Operating Margin value of 4.08%, MAX is doing good in the industry, outperforming 63.64% of the companies in the same industry.
MAX has a worse Gross Margin (17.16%) than 89.39% of its industry peers.
MAX's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.08% | ||
| PM (TTM) | 1.41% | ||
| GM | 17.16% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-14.32%
GM growth 5Y-9.31%
2. Health
2.1 Basic Checks
MAX has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
The number of shares outstanding for MAX has been increased compared to 1 year ago.
Compared to 5 years ago, MAX has more shares outstanding
MAX has a worse debt/assets ratio than last year.
2.2 Solvency
MAX has an Altman-Z score of 2.26. This is not the best score and indicates that MAX is in the grey zone with still only limited risk for bankruptcy at the moment.
MAX's Altman-Z score of 2.26 is fine compared to the rest of the industry. MAX outperforms 62.12% of its industry peers.
MAX has a debt to FCF ratio of 4.57. This is a neutral value as MAX would need 4.57 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 4.57, MAX is in line with its industry, outperforming 59.09% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 4.57 | ||
| Altman-Z | 2.26 |
ROIC/WACC2.35
WACC9.03%
2.3 Liquidity
A Current Ratio of 1.22 indicates that MAX should not have too much problems paying its short term obligations.
MAX has a worse Current ratio (1.22) than 69.70% of its industry peers.
MAX has a Quick Ratio of 1.22. This is a normal value and indicates that MAX is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.22, MAX is doing worse than 69.70% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.22 | ||
| Quick Ratio | 1.22 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 111.56% over the past year.
The Revenue has grown by 72.46% in the past year. This is a very strong growth!
MAX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.51% yearly.
EPS 1Y (TTM)111.56%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%158.62%
Revenue 1Y (TTM)72.46%
Revenue growth 3Y-12.77%
Revenue growth 5Y5.51%
Sales Q2Q%247.49%
3.2 Future
Based on estimates for the next years, MAX will show a very strong growth in Earnings Per Share. The EPS will grow by 30.08% on average per year.
Based on estimates for the next years, MAX will show a very strong growth in Revenue. The Revenue will grow by 30.21% on average per year.
EPS Next Y151.26%
EPS Next 2Y70.36%
EPS Next 3Y46.26%
EPS Next 5Y30.08%
Revenue Next Year122.65%
Revenue Next 2Y71.59%
Revenue Next 3Y49.77%
Revenue Next 5Y30.21%
3.3 Evolution
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 67.12 indicates a quite expensive valuation of MAX.
The rest of the industry has a similar Price/Earnings ratio as MAX.
Compared to an average S&P500 Price/Earnings ratio of 29.63, MAX is valued quite expensively.
MAX is valuated correctly with a Price/Forward Earnings ratio of 14.21.
Based on the Price/Forward Earnings ratio, MAX is valued a bit cheaper than 72.73% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of MAX to the average of the S&P500 Index (22.68), we can say MAX is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 67.12 | ||
| Fwd PE | 14.21 |
4.2 Price Multiples
60.61% of the companies in the same industry are more expensive than MAX, based on the Enterprise Value to EBITDA ratio.
66.67% of the companies in the same industry are more expensive than MAX, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.12 | ||
| EV/EBITDA | 25.79 |
4.3 Compensation for Growth
MAX's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as MAX's earnings are expected to grow with 46.26% in the coming years.
PEG (NY)0.44
PEG (5Y)N/A
EPS Next 2Y70.36%
EPS Next 3Y46.26%
5. Dividend
5.1 Amount
MAX does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
11.41
-0.36 (-3.06%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryInteractive Media & Services
Earnings (Last)
Earnings (Next)
Inst Owners56.09%
Inst Owner Change-98.53%
Ins Owners7.53%
Ins Owner Change-0.55%
Market Cap760.59M
Analysts80
Price Target22.95 (101.14%)
Short Float %5.34%
Short Ratio3.75
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)500.64%
Min EPS beat(2)35.01%
Max EPS beat(2)966.26%
EPS beat(4)4
Avg EPS beat(4)288.41%
Min EPS beat(4)35.01%
Max EPS beat(4)966.26%
EPS beat(8)4
Avg EPS beat(8)104.27%
EPS beat(12)5
Avg EPS beat(12)55.28%
EPS beat(16)5
Avg EPS beat(16)-227.62%
Revenue beat(2)2
Avg Revenue beat(2)10.2%
Min Revenue beat(2)3.83%
Max Revenue beat(2)16.57%
Revenue beat(4)4
Avg Revenue beat(4)9.78%
Min Revenue beat(4)3.83%
Max Revenue beat(4)16.57%
Revenue beat(8)7
Avg Revenue beat(8)7.02%
Revenue beat(12)9
Avg Revenue beat(12)5.12%
Revenue beat(16)10
Avg Revenue beat(16)4.19%
PT rev (1m)-2.17%
PT rev (3m)-6.9%
EPS NQ rev (1m)10.46%
EPS NQ rev (3m)10.46%
EPS NY rev (1m)-1.45%
EPS NY rev (3m)10.89%
Revenue NQ rev (1m)0.64%
Revenue NQ rev (3m)0.64%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.54%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 67.12 | ||
| Fwd PE | 14.21 | ||
| P/S | 1.12 | ||
| P/FCF | 21.12 | ||
| P/OCF | 20.76 | ||
| P/B | N/A | ||
| P/tB | N/A | ||
| EV/EBITDA | 25.79 |
EPS(TTM)0.17
EY1.49%
EPS(NY)0.8
Fwd EY7.04%
FCF(TTM)0.54
FCFY4.74%
OCF(TTM)0.55
OCFY4.82%
SpS10.22
BVpS-0.13
TBVpS-1.17
PEG (NY)0.44
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.08% | ||
| ROE | N/A | ||
| ROCE | 26.87% | ||
| ROIC | 21.23% | ||
| ROICexc | 30.86% | ||
| ROICexgc | 1180.42% | ||
| OM | 4.08% | ||
| PM (TTM) | 1.41% | ||
| GM | 17.16% | ||
| FCFM | 5.29% |
ROA(3y)-20.67%
ROA(5y)-9.44%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-14.32%
GM growth 5Y-9.31%
F-Score7
Asset Turnover2.89
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 4.57 | ||
| Debt/EBITDA | 4.5 | ||
| Cap/Depr | 9.09% | ||
| Cap/Sales | 0.09% | ||
| Interest Coverage | 1.94 | ||
| Cash Conversion | 105.8% | ||
| Profit Quality | 374.25% | ||
| Current Ratio | 1.22 | ||
| Quick Ratio | 1.22 | ||
| Altman-Z | 2.26 |
F-Score7
WACC9.03%
ROIC/WACC2.35
Cap/Depr(3y)7.34%
Cap/Depr(5y)7.15%
Cap/Sales(3y)0.05%
Cap/Sales(5y)0.05%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)111.56%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%158.62%
EPS Next Y151.26%
EPS Next 2Y70.36%
EPS Next 3Y46.26%
EPS Next 5Y30.08%
Revenue 1Y (TTM)72.46%
Revenue growth 3Y-12.77%
Revenue growth 5Y5.51%
Sales Q2Q%247.49%
Revenue Next Year122.65%
Revenue Next 2Y71.59%
Revenue Next 3Y49.77%
Revenue Next 5Y30.21%
EBIT growth 1Y159.42%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year289.39%
EBIT Next 3Y71.6%
EBIT Next 5Y40.67%
FCF growth 1Y-36.51%
FCF growth 3Y-26.66%
FCF growth 5Y-1.74%
OCF growth 1Y-35.61%
OCF growth 3Y-26.72%
OCF growth 5Y-2.23%