Criteo 대차대조표 건전성
재무 건전성 기준 점검 5/6
Criteo 의 총 주주 지분은 $1.2B 이고 총 부채는 $10.6M, 이는 부채 대 자기자본 비율을 0.9% 로 가져옵니다. 총자산과 총부채는 각각 $2.1B 및 $902.6M 입니다. Criteo 의 EBIT는 $176.2M 이며 이자보상배율은 -45.9 입니다. $348.3M 의 현금 및 단기 투자금을 보유하고 있습니다.
핵심 정보
0.91%
부채/자본 비율
US$10.63m
부채
| 이자보상배율 | -45.9x |
| 현금 | US$348.33m |
| 자본 | US$1.17b |
| 총부채 | US$902.62m |
| 총자산 | US$2.07b |
최근 재무 건전성 업데이트
분석 기사 • Apr 15
Is Criteo (NASDAQ:CRTO) A Risky Investment?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...분석 기사 • Jan 10
Criteo (NASDAQ:CRTO) Has A Rock Solid Balance Sheet
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...분석 기사 • Oct 10
These 4 Measures Indicate That Criteo (NASDAQ:CRTO) Is Using Debt Safely
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Recent updates
내러티브 업데이트 • Jun 04
CRTO: Share Repurchases And Self Service Expansion Will Support Multiple Re Rating
Narrative update on Criteo Criteo's updated analyst price target has shifted from about $30.00 to roughly $24.64. This reflects recent cuts to Street targets and more cautious analyst views on revenue trends, margins and the P/E multiple applied to the stock.Seeking Alpha • May 18
Criteo: Weaker Spending Is Cutting Into The Bottom Line (Rating Downgrade)
Summary Criteo shares have slid ~20% this week as clients' media spending has weakened. The company cut its full-year guidance, now expecting contribution ex-TAC (which is the company's revenue less traffic acquisition costs) to decline instead of slight growth. Recent integrations into ChatGPT and a new self-service product aimed at bringing in smaller advertisers have not yet spurred new growth. I'm downgrading CRTO to a neutral rating despite its cheap ~1x adjusted EBITDA multiple. Read the full article on Seeking Alpha
내러티브 업데이트 • May 11
CRTO: AI Commerce Partnerships And Buybacks May Support Future Rerating
Criteo's analyst fair value estimate has been reduced from $43.00 to $35.00 as analysts trim price targets and factor in slightly higher discount rates, softer profit margin assumptions, and a lower future P/E following a series of target cuts and a downgrade to Equal Weight. Analyst Commentary Recent Street research on Criteo has been dominated by lower price targets and a downgrade to Equal Weight at a major brokerage, which helps explain why fair value estimates have been marked down.
내러티브 업데이트 • May 06
Criteo is a profitable, cash-generative commerce data platform trading at or below its liquidation value, with Retail Media re-acceleration
At $19/share after today's earnings, Criteo trades at 1.9x forward EBITDA and 4.1x normalized FCF — multiples that imply permanent structural collapse rather than a transition trough. Asymmetric upside with a $200M buyback authorization that could retire 21% of the float at current prices.내러티브 업데이트 • Apr 22
CRTO: Future Share Repurchases And AI Commerce Data Partnerships May Support Repricing
Criteo's analyst price target has been reduced by $1.00 as analysts update their views in light of recent Street research that includes several lowered targets from major firms. Analyst Commentary Recent Street research shows a cluster of lower price targets for Criteo, including changes from firms such as JPMorgan and several other brokerages.내러티브 업데이트 • Apr 08
CRTO: GenAI Commerce Partnerships And Buybacks Will Support Multiple Re Rating
Analysts have trimmed their average Criteo price targets by a mid single digit dollar amount, with cuts ranging from $1 to $12, as they factor in sector wide concerns around smaller ad platforms and compare the company with peers tied more directly to GenAI and GPU related themes. Analyst Commentary Recent Street research points to a more cautious stance on Criteo, with several price target trims clustered around concerns about smaller ad platforms and investor focus on GenAI and GPU related themes.새로운 내러티브 • Mar 27
Criteo is a profitable, cash-generative commerce data platform trading at or below its liquidation value, with Retail Media re-acceleration
Investment Thesis The stock trades near or below the bear-case DCF intrinsic value (~$33), meaning you are paying for a business in secular decline and getting the Retail Media growth optionality largely for free Retail Media’s underlying CexT grew 16% in 2025 ex-scope changes; as the $75M headwind anniversaries in late 2026, reported growth should re-accelerate and likely re-rate the multiple Management has retired ~$871M in shares since 2018 and continues buying at ~$28/share, compounding per-share value even if aggregate FCF is flat The Luxembourg redomiciliation removes the primary structural barrier to acquisition; at $35–42/share a takeout is both fair to shareholders and strategically rational for a PE buyer or holding company The commerce data asset — 5B SKUs, $1T+ in observed transactions, 90% client retention — is 20 years in the making and cannot be replicated quickly by any credible acquirer or competitor Risk Considerations A single large retailer reducing scope cost $75M in annual revenue; the top-10 clients represent ~20% of revenue, making the thesis vulnerable to one or two more relationship deteriorations Performance Media (~$915M of CexT) faces structural headwinds from walled garden dominance and potential client in-housing; if it declines faster than Retail Media grows, total CexT could shrink rather than stabilize 2026 capex steps up to ~$175M (from $101M in 2025) for data center renewal, compressing near-term FCF to ~$130–150M and limiting the buyback pace precisely when the stock may be cheapest Criteo’s independence is its value proposition to retailers — any acquisition by a strategic player that competes with retailers (Amazon, Walmart, Google) would trigger customer attrition and destroy the core asset it was purchased for Agentic commerce (MCP, conversational shopping) is the growth narrative but is pre-revenue and depends on AI assistant providers adopting Criteo’s APIs rather than building their own commerce data layers내러티브 업데이트 • Mar 25
CRTO: GenAI Commerce And Buybacks Will Offset Lower Multiple Concerns
Criteo's updated analyst price target has moved lower from $35.75 to about $29.95 as analysts factor in softer profit margin assumptions, a slightly higher discount rate, and a reduced future P/E multiple following a series of Street target cuts across major firms. Analyst Commentary Street research on Criteo has clustered around lower price targets, with several firms trimming their numbers by single digit dollar amounts and a few cutting targets by double digits.
내러티브 업데이트 • Mar 09
CRTO: Future Returns Will Hinge On AI Commerce And Margin Execution
Our updated analyst price target for Criteo moves to $18 from $25, reflecting a series of recent target cuts across the Street as analysts factor in softer profit margin assumptions, a slightly higher discount rate, and lower future P/E expectations, even as they model less steep revenue contraction than before. Analyst Commentary Recent Street research on Criteo has leaned cautious, with a series of price target reductions across multiple firms.내러티브 업데이트 • Feb 23
CRTO: Future Share Repurchases And Commerce Data May Support Repricing
Analysts have reduced their price target on Criteo from $51.00 to $43.00. The change reflects updated views that factor in slightly softer revenue and margin assumptions, a modestly higher discount rate, and a series of Street target cuts across multiple firms.내러티브 업데이트 • Feb 09
CRTO: GenAI Commerce Efforts And Buybacks Will Support Upside Through 2026
Analysts have trimmed their price target on Criteo to about US$34 from US$36, reflecting a cautious view on smaller ad platforms as investors focus more on companies tied to GenAI or GPU enabled returns on capital. Analyst Commentary Recent research points to a more cautious stance on Criteo, with the price target adjusted to US$34.내러티브 업데이트 • Jan 23
CRTO: Retail Media Progress And Buybacks Will Support Upside Beyond 2026
Our updated fair value estimate for Criteo nudges down slightly from US$35.92 to US$35.75 per share. This reflects a blend of cautious analyst price target revisions around retail media growth, slower client ramp ups into Q4, and differing views on how smaller ad platforms will be valued relative to larger GenAI and GPU focused peers.내러티브 업데이트 • Jan 08
CRTO: Retail Media Execution And Buybacks Will Support Upside Through 2026
Narrative Update on Criteo Analysts recently nudged their price targets on Criteo higher, with one moving to US$29 from US$27 and another to US$42 from US$41. They cited solid Q3 results, strength in retail media, and performance ahead of expectations for net revenue and EBITDA, despite softer Q4 guidance tied to slower client ramp timing.내러티브 업데이트 • Dec 13
CRTO: Retail Media Momentum Will Drive Share Upside Through 2026
Analysts modestly raised their price targets on Criteo, with recent moves to about $29 and $42 per share, citing solid Q3 results, continued retail media growth, and supportive read throughs from broader ad tech M&A, despite near term softness in Q4 guidance. Analyst Commentary Street research following the Q3 print reflects a generally constructive stance on Criteo, with moderate target price increases and a focus on the durability of its retail media growth, tempered by near term execution risks.내러티브 업데이트 • Nov 28
CRTO: Ongoing Retail Media Momentum Will Drive Share Upside Into 2026
Analysts have raised their price targets on Criteo shares, with some increasing estimates by $1 to $2. They cite solid third quarter results and ongoing momentum in retail media, although the outlook for the fourth quarter is lighter.내러티브 업데이트 • Nov 14
CRTO: Retail Media Expansion Will Drive Upside Despite Near-Term Headwinds
Analysts have modestly raised their price targets for Criteo, with increases ranging from $2 to $1 per share. They cite the company's solid third-quarter performance and continued progress in retail media, despite a lighter Q4 outlook.내러티브 업데이트 • Oct 31
CRTO: Share Repurchases And Retail Media Partnerships Will Drive Outperformance Ahead
Analysts have adjusted their average price target for Criteo downward from $38.17 to $35.92. This change is attributed to solid recent results; however, it is offset by lighter guidance and slower-than-expected client growth, which is impacting near-term retail media performance.분석 기사 • May 28
Earnings Working Against Criteo S.A.'s (NASDAQ:CRTO) Share Price Following 27% Dive
Unfortunately for some shareholders, the Criteo S.A. ( NASDAQ:CRTO ) share price has dived 27% in the last thirty days...분석 기사 • May 04
Does Criteo (NASDAQ:CRTO) Deserve A Spot On Your Watchlist?
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...분석 기사 • Apr 15
Is Criteo (NASDAQ:CRTO) A Risky Investment?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Seeking Alpha • Mar 13
Criteo: Steady Growth With Retail Media Potential
Summary Criteo is poised for a 15% return with a price target of $40.6, driven by growth in its Retail Media and AI-based solutions. Despite recent volatility and macro-driven challenges, I maintain a buy rating on CRTO due to improved fundamentals and strategic share repurchases. FY 2024 saw a slight revenue decline but improved net margins and operating cash flow, with significant cash allocated for share repurchases. Key growth catalysts include the adoption of Commerce Go and Retail Media expansion, while competition from Amazon poses a manageable risk. Read the full article on Seeking Alpha분석 기사 • Mar 05
Criteo S.A.'s (NASDAQ:CRTO) Subdued P/E Might Signal An Opportunity
There wouldn't be many who think Criteo S.A.'s ( NASDAQ:CRTO ) price-to-earnings (or "P/E") ratio of 18.2x is worth a...분석 기사 • Feb 15
We Like The Quality Of Criteo's (NASDAQ:CRTO) Earnings
Criteo S.A. ( NASDAQ:CRTO ) announced a healthy earnings result recently, and the market rewarded it with a strong...분석 기사 • Jan 10
Criteo (NASDAQ:CRTO) Has A Rock Solid Balance Sheet
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Seeking Alpha • Dec 18
Criteo S.A.: Still Worth Investing In
Summary Criteo S.A. offers a promising entry into digital advertising growth, despite challenges, with strategic partnerships and expanding retail media presence. The stock is undervalued with a forward P/E ratio of 28.34 and EV/EBITDA of 6.18, suggesting potential upside. I rate CRTO as a soft buy, recommending close monitoring of Q4 and FY24 reports for revenue growth and financial improvements. I am an investment analyst who provides insights on income and investment opportunities. Read the full article on Seeking Alpha분석 기사 • Nov 15
Is Now An Opportune Moment To Examine Criteo S.A. (NASDAQ:CRTO)?
Criteo S.A. ( NASDAQ:CRTO ), might not be a large cap stock, but it saw a double-digit share price rise of over 10% in...분석 기사 • Oct 28
Getting In Cheap On Criteo S.A. (NASDAQ:CRTO) Is Unlikely
With a median price-to-sales (or "P/S") ratio of close to 0.9x in the Media industry in the United States, you could be...분석 기사 • Oct 10
These 4 Measures Indicate That Criteo (NASDAQ:CRTO) Is Using Debt Safely
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
새로운 내러티브 • Sep 09
Decisive Partnerships And AI Propel Growth Amid Challenges
Enhanced advertising capabilities due to Google's revised cookie policy and partnerships with companies like Microsoft could improve Criteo's revenue and market position.Seeking Alpha • Aug 21
Criteo: Riding Retail Media Advertising Tailwinds
Summary Shares have nearly doubled this year following solid performance in the underlying business. I anticipate its retail media segment to grow above 15% until 2026, supported by multiple client wins and strategic partnerships. Overall growth is expected to approach 10% through 2026, with adjusted EBITDA margins increasing from 32% this year to 35% by 2026. Shares are close to fully valued at 15.2 times FCF, especially considering the high stock-based compensation. Read the full article on Seeking Alpha분석 기사 • Aug 11
Is It Too Late To Consider Buying Criteo S.A. (NASDAQ:CRTO)?
Criteo S.A. ( NASDAQ:CRTO ), might not be a large cap stock, but it saw a significant share price rise of 35% in the...분석 기사 • Jul 24
Subdued Growth No Barrier To Criteo S.A. (NASDAQ:CRTO) With Shares Advancing 26%
The Criteo S.A. ( NASDAQ:CRTO ) share price has done very well over the last month, posting an excellent gain of 26...분석 기사 • Jun 19
We Discuss Why Criteo S.A.'s (NASDAQ:CRTO) CEO Compensation May Be Closely Reviewed
Key Insights Criteo's Annual General Meeting to take place on 25th of June Total pay for CEO Megan Clarken includes...Seeking Alpha • May 17
Criteo: Good Momentum, But Still Undervalued
Summary Criteo is transitioning into a fast-growing adtech software provider, with strong share price momentum and potential for a material re-rating of valuation multiples. CRTO's historical reliance on cookies for ad targeting led to declining revenue in recent years, but it is successfully pivoting into alternative solutions. Demonstrated strong top-line growth and stable profitability deserve a significantly higher valuation than the current level. Read the full article on Seeking Alpha재무 상태 분석
단기부채: CRTO 의 단기 자산 ( $940.3M )이 단기 부채( $737.0M ).
장기 부채: CRTO의 단기 자산($940.3M)이 장기 부채($165.6M)를 초과합니다.
부채/자본 비율 추이 및 분석
부채 수준: CRTO 총 부채보다 더 많은 현금을 보유하고 있습니다.
부채 감소: CRTO의 부채 대비 자본 비율은 지난 5년 동안 0.2%에서 0.9%로 증가했습니다.
부채 범위: CRTO 의 부채는 영업 현금 흐름 ( 2796% )에 의해 잘 충당되었습니다.
이자 보장: CRTO 지불하는 것보다 더 많은 이자를 벌기 때문에 이자 지불 보장은 문제가 되지 않습니다.
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기업 분석 및 재무 데이터 상태
| 데이터 | 최종 업데이트 (UTC 시간) |
|---|---|
| 기업 분석 | 2026/06/14 20:37 |
| 종가 | 2026/06/12 00:00 |
| 수익 | 2026/03/31 |
| 연간 수익 | 2025/12/31 |
데이터 소스
당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.
| 패키지 | 데이터 | 기간 | 미국 소스 예시 * |
|---|---|---|---|
| 기업 재무제표 | 10년 |
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| 분석가 컨센서스 추정치 | +3년 |
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| 시장 가격 | 30년 |
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| 지분 구조 | 10년 |
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| 경영진 | 10년 |
| |
| 주요 개발 | 10년 |
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* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.
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산업 및 섹터 지표
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분석가 소스
Criteo S.A.는 30명의 분석가가 다루고 있습니다. 이 중 10명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
| 분석가 | 기관 |
|---|---|
| Rocco Strauss | Arete Research Services LLP |
| Richard Kramer | Arete Research Services LLP |
| Mark Zgutowicz | Benchmark Company |