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PUBMATIC INC-CLASS A (PUBM) Stock Fundamental Analysis

NASDAQ:PUBM - Nasdaq - US74467Q1031 - Common Stock

14.83  +0.31 (+2.13%)

After market: 14.83 0 (0%)

Fundamental Rating

6

PUBM gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 92 industry peers in the Media industry. Both the profitability and the financial health of PUBM get a neutral evaluation. Nothing too spectacular is happening here. PUBM shows excellent growth, but is valued quite expensive already. With these ratings, PUBM could be worth investigating further for growth investing!.


Dividend Valuation Growth Profitability Health

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6

1. Profitability

1.1 Basic Checks

PUBM had positive earnings in the past year.
In the past year PUBM had a positive cash flow from operations.
Each year in the past 5 years PUBM has been profitable.
PUBM had a positive operating cash flow in each of the past 5 years.
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

The Return On Assets of PUBM (2.51%) is better than 73.56% of its industry peers.
PUBM has a Return On Equity of 6.58%. This is in the better half of the industry: PUBM outperforms 75.86% of its industry peers.
PUBM's Return On Invested Capital of 2.59% is in line compared to the rest of the industry. PUBM outperforms 42.53% of its industry peers.
The Average Return On Invested Capital over the past 3 years for PUBM is above the industry average of 6.90%.
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

With a decent Profit Margin value of 5.96%, PUBM is doing good in the industry, outperforming 72.41% of the companies in the same industry.
In the last couple of years the Profit Margin of PUBM has declined.
Looking at the Operating Margin, with a value of 3.28%, PUBM is doing worse than 64.37% of the companies in the same industry.
In the last couple of years the Operating Margin of PUBM has declined.
PUBM has a Gross Margin of 65.46%. This is in the better half of the industry: PUBM outperforms 77.01% of its industry peers.
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

PUBM has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, PUBM has less shares outstanding
The number of shares outstanding for PUBM has been increased compared to 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

PUBM has an Altman-Z score of 2.02. This is not the best score and indicates that PUBM is in the grey zone with still only limited risk for bankruptcy at the moment.
With a decent Altman-Z score value of 2.02, PUBM is doing good in the industry, outperforming 74.71% of the companies in the same industry.
There is no outstanding debt for PUBM. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 2.02
ROIC/WACC0.28
WACC9.25%
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 of 1.35. This is comparable to the rest of the industry: PUBM outperforms 48.28% of 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.
The earnings per share for PUBM have been decreasing by -25.28% on average. This is quite bad
The Revenue has grown by 13.10% in the past year. This is quite good.
PUBM shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 21.88% yearly.
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 36.62% on average per year.
Based on estimates for the next years, PUBM will show a quite strong growth in Revenue. The Revenue will grow by 10.96% on average per year.
EPS Next Y45.52%
EPS Next 2Y11.55%
EPS Next 3Y36.62%
EPS Next 5YN/A
Revenue Next Year12.89%
Revenue Next 2Y10.38%
Revenue Next 3Y9.96%
Revenue Next 5Y10.96%

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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

Based on the Price/Earnings ratio of 47.84, the valuation of PUBM can be described as expensive.
The rest of the industry has a similar Price/Earnings ratio as PUBM.
The average S&P500 Price/Earnings ratio is at 28.29. PUBM is valued rather expensively when compared to this.
PUBM is valuated quite expensively with a Price/Forward Earnings ratio of 79.45.
Based on the Price/Forward Earnings ratio, PUBM is valued a bit more expensive than 60.92% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 24.44. PUBM is valued rather expensively when compared to this.
Industry RankSector Rank
PE 47.84
Fwd PE 79.45
PUBM Price Earnings VS Forward Price EarningsPUBM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

PUBM's Enterprise Value to EBITDA ratio is in line with the industry average.
The rest of the industry has a similar Price/Free Cash Flow ratio as PUBM.
Industry RankSector Rank
P/FCF 16.13
EV/EBITDA 9.79
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.
PUBM has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as PUBM's earnings are expected to grow with 36.62% in the coming years.
PEG (NY)1.05
PEG (5Y)N/A
EPS Next 2Y11.55%
EPS Next 3Y36.62%

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0

5. Dividend

5.1 Amount

No dividends for PUBM!.
Industry RankSector Rank
Dividend Yield N/A

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PUBMATIC INC-CLASS A

NASDAQ:PUBM (1/21/2025, 8:22:17 PM)

After market: 14.83 0 (0%)

14.83

+0.31 (+2.13%)

Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)11-12 2024-11-12/amc
Earnings (Next)N/A N/A
Inst Owners64.28%
Inst Owner Change1.03%
Ins Owners0.59%
Ins Owner Change7.32%
Market Cap735.27M
Analysts75.56
Price Target20.74 (39.85%)
Short Float %2.61%
Short Ratio2.86
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)-2.01%
PT rev (3m)-0.2%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-26.57%
EPS NY rev (1m)0%
EPS NY rev (3m)4.7%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-6.46%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.45%
Valuation
Industry RankSector Rank
PE 47.84
Fwd PE 79.45
P/S 2.53
P/FCF 16.13
P/OCF 8.75
P/B 2.79
P/tB 3.21
EV/EBITDA 9.79
EPS(TTM)0.31
EY2.09%
EPS(NY)0.19
Fwd EY1.26%
FCF(TTM)0.92
FCFY6.2%
OCF(TTM)1.7
OCFY11.43%
SpS5.86
BVpS5.31
TBVpS4.62
PEG (NY)1.05
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 2.02
F-Score8
WACC9.25%
ROIC/WACC0.28
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 Y45.52%
EPS Next 2Y11.55%
EPS Next 3Y36.62%
EPS Next 5YN/A
Revenue 1Y (TTM)13.1%
Revenue growth 3Y21.55%
Revenue growth 5Y21.88%
Sales Q2Q%12.73%
Revenue Next Year12.89%
Revenue Next 2Y10.38%
Revenue Next 3Y9.96%
Revenue Next 5Y10.96%
EBIT growth 1Y615.29%
EBIT growth 3Y-59.99%
EBIT growth 5Y-16.45%
EBIT Next Year1593.64%
EBIT Next 3Y170.45%
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%