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PUBMATIC INC-CLASS A (PUBM) Stock Fundamental Analysis

NASDAQ:PUBM - Nasdaq - US74467Q1031 - Common Stock - Currency: USD

14.52  -0.27 (-1.83%)

After market: 14.53 +0.01 (+0.07%)

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to PUBM. PUBM was compared to 93 industry peers in the Media industry. PUBM has an average financial health and profitability rating. PUBM shows excellent growth, but is valued quite expensive already. These ratings would make PUBM suitable for growth investing!


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

In the past year PUBM was profitable.
In the past year PUBM had a positive cash flow from operations.
In the past 5 years PUBM has always been profitable.
Each year in the past 5 years PUBM had a positive operating cash flow.
PUBM Yearly Net Income VS EBIT VS OCF VS FCFPUBM Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 0 20M 40M 60M 80M

1.2 Ratios

PUBM has a Return On Assets of 2.51%. This is in the better half of the industry: PUBM outperforms 71.26% of its industry peers.
PUBM's Return On Equity of 6.58% is fine compared to the rest of the industry. PUBM outperforms 75.86% of its industry peers.
PUBM has a Return On Invested Capital (2.59%) which is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for PUBM is in line with the industry average of 7.01%.
The last Return On Invested Capital (2.59%) for PUBM is well below the 3 year average (8.94%), which needs to be investigated, but indicates that PUBM had better years and this may not be a problem.
Industry RankSector Rank
ROA 2.51%
ROE 6.58%
ROIC 2.59%
ROA(3y)5.34%
ROA(5y)3.59%
ROE(3y)11.4%
ROE(5y)7.65%
ROIC(3y)8.94%
ROIC(5y)9.75%
PUBM Yearly ROA, ROE, ROICPUBM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 5 10 15 20

1.3 Margins

PUBM has a better Profit Margin (5.96%) than 72.41% of its industry peers.
In the last couple of years the Profit Margin of PUBM has declined.
With a Operating Margin value of 3.28%, PUBM is not doing good in the industry: 65.52% of the companies in the same industry are doing better.
PUBM's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 65.46%, PUBM is in the better half of the industry, outperforming 77.01% of the companies in the same industry.
PUBM's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 3.28%
PM (TTM) 5.96%
GM 65.46%
OM growth 3Y-67.09%
OM growth 5Y-31.44%
PM growth 3Y-8.23%
PM growth 5YN/A
GM growth 3Y-4.59%
GM growth 5Y-1.7%
PUBM Yearly Profit, Operating, Gross MarginsPUBM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 20 40 60

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6

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), PUBM is destroying value.
PUBM has less shares outstanding than it did 1 year ago.
PUBM has more shares outstanding than it did 5 years ago.
PUBM has a better debt/assets ratio than last year.
PUBM Yearly Shares OutstandingPUBM Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 10M 20M 30M 40M 50M
PUBM Yearly Total Debt VS Total AssetsPUBM Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 200M 400M 600M

2.2 Solvency

An Altman-Z score of 2.01 indicates that PUBM is not a great score, but indicates only limited risk for bankruptcy at the moment.
PUBM's Altman-Z score of 2.01 is fine compared to the rest of the industry. PUBM outperforms 71.26% of its industry peers.
PUBM has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 2.01
ROIC/WACC0.29
WACC9.06%
PUBM Yearly LT Debt VS Equity VS FCFPUBM Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 0 100M 200M 300M

2.3 Liquidity

A Current Ratio of 1.35 indicates that PUBM should not have too much problems paying its short term obligations.
PUBM has a Current ratio (1.35) which is comparable to the rest of the industry.
A Quick Ratio of 1.35 indicates that PUBM should not have too much problems paying its short term obligations.
PUBM has a Quick ratio (1.35) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 1.35
Quick Ratio 1.35
PUBM Yearly Current Assets VS Current LiabilitesPUBM Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M 500M

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8

3. Growth

3.1 Past

PUBM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 933.33%, which is quite impressive.
Measured over the past years, PUBM shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -25.28% on average per year.
Looking at the last year, PUBM shows a quite strong growth in Revenue. The Revenue has grown by 13.10% in the last year.
Measured over the past years, PUBM shows a very strong growth in Revenue. The Revenue has been growing by 21.88% on average per year.
EPS 1Y (TTM)933.33%
EPS 3Y-25.28%
EPS 5YN/A
EPS Q2Q%-166.67%
Revenue 1Y (TTM)13.1%
Revenue growth 3Y21.55%
Revenue growth 5Y21.88%
Sales Q2Q%12.73%

3.2 Future

Based on estimates for the next years, PUBM will show a very strong growth in Earnings Per Share. The EPS will grow by 31.13% on average per year.
The Revenue is expected to grow by 10.96% on average over the next years. This is quite good.
EPS Next Y40.76%
EPS Next 2Y-23.84%
EPS Next 3Y31.13%
EPS Next 5YN/A
Revenue Next Year12.85%
Revenue Next 2Y10.22%
Revenue Next 3Y9.95%
Revenue Next 5Y10.96%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
PUBM Yearly Revenue VS EstimatesPUBM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 100M 200M 300M 400M 500M
PUBM Yearly EPS VS EstimatesPUBM Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0.2 0.4 0.6 0.8

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3

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 46.84 indicates a quite expensive valuation of PUBM.
The rest of the industry has a similar Price/Earnings ratio as PUBM.
When comparing the Price/Earnings ratio of PUBM to the average of the S&P500 Index (29.63), we can say PUBM is valued expensively.
With a Price/Forward Earnings ratio of 166.89, PUBM can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Forward Earnings ratio of PUBM is on the same level as its industry peers.
PUBM's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 22.68.
Industry RankSector Rank
PE 46.84
Fwd PE 166.89
PUBM Price Earnings VS Forward Price EarningsPUBM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100 150

4.2 Price Multiples

The rest of the industry has a similar Enterprise Value to EBITDA ratio as PUBM.
PUBM's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 15.8
EV/EBITDA 9.75
PUBM Per share dataPUBM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4 5

4.3 Compensation for Growth

The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
A more expensive valuation may be justified as PUBM's earnings are expected to grow with 31.13% in the coming years.
PEG (NY)1.15
PEG (5Y)N/A
EPS Next 2Y-23.84%
EPS Next 3Y31.13%

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0

5. Dividend

5.1 Amount

PUBM does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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PUBMATIC INC-CLASS A

NASDAQ:PUBM (2/21/2025, 8:00:01 PM)

After market: 14.53 +0.01 (+0.07%)

14.52

-0.27 (-1.83%)

Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)11-12 2024-11-12/amc
Earnings (Next)02-27 2025-02-27/amc
Inst Owners64.28%
Inst Owner Change4.29%
Ins Owners0.59%
Ins Owner Change3.15%
Market Cap719.90M
Analysts76.67
Price Target20.06 (38.15%)
Short Float %2.64%
Short Ratio3.56
Dividend
Industry RankSector 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)196.56%
Min EPS beat(2)69.02%
Max EPS beat(2)324.09%
EPS beat(4)4
Avg EPS beat(4)129.07%
Min EPS beat(4)56.43%
Max EPS beat(4)324.09%
EPS beat(8)6
Avg EPS beat(8)76.93%
EPS beat(12)10
Avg EPS beat(12)72.66%
EPS beat(16)14
Avg EPS beat(16)342.35%
Revenue beat(2)1
Avg Revenue beat(2)0.31%
Min Revenue beat(2)-5.95%
Max Revenue beat(2)6.57%
Revenue beat(4)3
Avg Revenue beat(4)2.96%
Min Revenue beat(4)-5.95%
Max Revenue beat(4)6.57%
Revenue beat(8)6
Avg Revenue beat(8)2.76%
Revenue beat(12)7
Avg Revenue beat(12)1.19%
Revenue beat(16)11
Avg Revenue beat(16)3.43%
PT rev (1m)-3.28%
PT rev (3m)-3.48%
EPS NQ rev (1m)-4.27%
EPS NQ rev (3m)-29.71%
EPS NY rev (1m)-3.27%
EPS NY rev (3m)1.27%
Revenue NQ rev (1m)-0.14%
Revenue NQ rev (3m)-6.59%
Revenue NY rev (1m)-0.03%
Revenue NY rev (3m)1.42%
Valuation
Industry RankSector Rank
PE 46.84
Fwd PE 166.89
P/S 2.48
P/FCF 15.8
P/OCF 8.57
P/B 2.74
P/tB 3.14
EV/EBITDA 9.75
EPS(TTM)0.31
EY2.13%
EPS(NY)0.09
Fwd EY0.6%
FCF(TTM)0.92
FCFY6.33%
OCF(TTM)1.7
OCFY11.68%
SpS5.86
BVpS5.31
TBVpS4.62
PEG (NY)1.15
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 2.51%
ROE 6.58%
ROCE 3.22%
ROIC 2.59%
ROICexc 4.92%
ROICexgc 6.31%
OM 3.28%
PM (TTM) 5.96%
GM 65.46%
FCFM 15.7%
ROA(3y)5.34%
ROA(5y)3.59%
ROE(3y)11.4%
ROE(5y)7.65%
ROIC(3y)8.94%
ROIC(5y)9.75%
ROICexc(3y)19.72%
ROICexc(5y)21.93%
ROICexgc(3y)22.48%
ROICexgc(5y)24.79%
ROCE(3y)11.1%
ROCE(5y)12.1%
ROICexcg growth 3Y-64.66%
ROICexcg growth 5Y-29.27%
ROICexc growth 3Y-67.02%
ROICexc growth 5Y-31.44%
OM growth 3Y-67.09%
OM growth 5Y-31.44%
PM growth 3Y-8.23%
PM growth 5YN/A
GM growth 3Y-4.59%
GM growth 5Y-1.7%
F-Score8
Asset Turnover0.42
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 85.56%
Cap/Sales 13.25%
Interest Coverage 250
Cash Conversion 154.2%
Profit Quality 263.34%
Current Ratio 1.35
Quick Ratio 1.35
Altman-Z 2.01
F-Score8
WACC9.06%
ROIC/WACC0.29
Cap/Depr(3y)125.51%
Cap/Depr(5y)138.89%
Cap/Sales(3y)15.67%
Cap/Sales(5y)16.26%
Profit Quality(3y)271.85%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)933.33%
EPS 3Y-25.28%
EPS 5YN/A
EPS Q2Q%-166.67%
EPS Next Y40.76%
EPS Next 2Y-23.84%
EPS Next 3Y31.13%
EPS Next 5YN/A
Revenue 1Y (TTM)13.1%
Revenue growth 3Y21.55%
Revenue growth 5Y21.88%
Sales Q2Q%12.73%
Revenue Next Year12.85%
Revenue Next 2Y10.22%
Revenue Next 3Y9.95%
Revenue Next 5Y10.96%
EBIT growth 1Y615.29%
EBIT growth 3Y-59.99%
EBIT growth 5Y-16.45%
EBIT Next Year1592.53%
EBIT Next 3Y170.46%
EBIT Next 5Y91.42%
FCF growth 1Y-8.87%
FCF growth 3YN/A
FCF growth 5Y54.82%
OCF growth 1Y-12.75%
OCF growth 3Y49.39%
OCF growth 5Y39.06%