MEDIAALPHA INC-CLASS A (MAX)
US58450V1044 - Common Stock
Overall MAX gets a fundamental rating of 4 out of 10. We evaluated MAX against 73 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.
MAX had negative earnings in 4 of the past 5 years.
MAX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of MAX (4.08%) is better than 76.39% of its industry peers.
The Return On Invested Capital of MAX (21.24%) is better than 94.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.08% | ||
| ROE | N/A | ||
| ROIC | 21.24% |
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 Profit Margin of 1.41%. This is in the better half of the industry: MAX outperforms 62.50% of its industry peers.
MAX has a better Operating Margin (4.08%) than 68.06% of its industry peers.
With a Gross Margin value of 17.16%, MAX is not doing good in the industry: 90.28% of the companies in the same industry are doing better.
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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so MAX is creating value.
The number of shares outstanding for MAX has been increased compared to 1 year ago.
MAX has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, MAX has a worse debt to assets ratio.
2.2 Solvency
MAX has an Altman-Z score of 2.48. 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.
Looking at the Altman-Z score, with a value of 2.48, MAX is in the better half of the industry, outperforming 69.44% of the companies in the same industry.
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 the better half of the industry, outperforming 61.11% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 4.57 | ||
| Altman-Z | 2.48 |
ROIC/WACC2.48
WACC8.55%
2.3 Liquidity
MAX has a Current 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 Current ratio, with a value of 1.22, MAX is doing worse than 73.61% of the companies in the same industry.
A Quick Ratio of 1.22 indicates that MAX should not have too much problems paying its short term obligations.
MAX has a worse Quick ratio (1.22) than 73.61% of its industry peers.
| 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.
Looking at the last year, MAX shows a very strong growth in Revenue. The Revenue has grown by 72.46%.
Measured over the past years, MAX shows a small growth in Revenue. The Revenue has been growing by 5.51% on average per year.
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
The Earnings Per Share is expected to grow by 33.66% on average over the next years. This is a very strong growth
Based on estimates for the next years, MAX will show a very strong growth in Revenue. The Revenue will grow by 22.42% on average per year.
EPS Next Y146.23%
EPS Next 2Y67.94%
EPS Next 3Y45.43%
EPS Next 5Y33.66%
Revenue Next Year121.46%
Revenue Next 2Y69.63%
Revenue Next 3Y47.99%
Revenue Next 5Y22.42%
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
The Price/Earnings ratio is 74.88, which means the current valuation is very expensive for MAX.
MAX's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 29.20, MAX is valued quite expensively.
With a Price/Forward Earnings ratio of 17.43, MAX is valued on the expensive side.
69.44% of the companies in the same industry are more expensive than MAX, based on the Price/Forward Earnings ratio.
MAX is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.00, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 74.88 | ||
| Fwd PE | 17.43 |
4.2 Price Multiples
61.11% of the companies in the same industry are more expensive than MAX, based on the Enterprise Value to EBITDA ratio.
MAX's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. MAX is cheaper than 66.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.56 | ||
| EV/EBITDA | 28.32 |
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 45.43% in the coming years.
PEG (NY)0.51
PEG (5Y)N/A
EPS Next 2Y67.94%
EPS Next 3Y45.43%
5. Dividend
5.1 Amount
No dividends for MAX!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
MEDIAALPHA INC-CLASS A
NYSE:MAX (11/22/2024, 8:04:01 PM)
After market: 12.73 0 (0%)12.73
-0.02 (-0.16%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryInteractive Media & Services
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap848.58M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
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Ex-Date
Surprises & Revisions
EPS beat(2)
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PT rev (1m)
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EPS NQ rev (1m)
EPS NQ rev (3m)
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Revenue NQ rev (1m)
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Revenue NY rev (1m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 74.88 | ||
| Fwd PE | 17.43 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.51
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.08% | ||
| ROE | N/A | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 4.08% | ||
| PM (TTM) | 1.41% | ||
| GM | 17.16% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover2.89
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.22 | ||
| Quick Ratio | 1.22 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)111.56%
EPS 3YN/A
EPS 5Y
EPS Q2Q%
EPS Next Y146.23%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)72.46%
Revenue growth 3Y-12.77%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y