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AT

AcuityAds Holdings TSX:AT Stock Report

Last Price

CA$2.89

Market Cap

CA$173.7m

7D

-2.4%

1Y

-76.5%

Updated

29 Jun, 2022

Data

Company Financials +
AT fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance2/6
Financial Health6/6
Dividends0/6

AT Stock Overview

AcuityAds Holdings Inc., a technology company, provides digital media solutions.

AcuityAds Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for AcuityAds Holdings
Historical stock prices
Current Share PriceCA$2.89
52 Week HighCA$13.00
52 Week LowCA$2.19
Beta2.36
1 Month Change-9.97%
3 Month Change-26.83%
1 Year Change-76.50%
3 Year Change87.66%
5 Year Change-27.57%
Change since IPO75.15%

Recent News & Updates

Jun 01
AcuityAds Holdings (TSE:AT) Has More To Do To Multiply In Value Going Forward

AcuityAds Holdings (TSE:AT) Has More To Do To Multiply In Value Going Forward

There are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a...

Shareholder Returns

ATCA Interactive Media and ServicesCA Market
7D-2.4%-3.9%0.3%
1Y-76.5%-68.0%-3.7%

Return vs Industry: AT underperformed the Canadian Interactive Media and Services industry which returned -67.1% over the past year.

Return vs Market: AT underperformed the Canadian Market which returned -2.9% over the past year.

Price Volatility

Is AT's price volatile compared to industry and market?
AT volatility
AT Average Weekly Movement11.4%
Interactive Media and Services Industry Average Movement12.6%
Market Average Movement10.0%
10% most volatile stocks in CA Market17.2%
10% least volatile stocks in CA Market4.4%

Stable Share Price: AT is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: AT's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a187Tal Hayekhttps://www.acuityads.com

AcuityAds Holdings Inc., a technology company, provides digital media solutions. The company offers a programmatic marketing platform that enables advertisers to connect with their audiences across online display, video, social, and mobile campaigns. Its platform also allows advertisers to manage their purchasing of online display advertising in real-time using programmatic ad buying.

AcuityAds Holdings Fundamentals Summary

How do AcuityAds Holdings's earnings and revenue compare to its market cap?
AT fundamental statistics
Market CapCA$173.74m
Earnings (TTM)CA$4.70m
Revenue (TTM)CA$118.39m

37.0x

P/E Ratio

1.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AT income statement (TTM)
RevenueCA$118.39m
Cost of RevenueCA$57.27m
Gross ProfitCA$61.12m
Other ExpensesCA$56.42m
EarningsCA$4.70m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.078
Gross Margin51.63%
Net Profit Margin3.97%
Debt/Equity Ratio5.6%

How did AT perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is AT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AT?

Other financial metrics that can be useful for relative valuation.

AT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.7x
Enterprise Value/EBITDA16.6x
PEG Ratio0.7x

Price to Earnings Ratio vs Peers

How does AT's PE Ratio compare to its peers?

AT PE Ratio vs Peers
The above table shows the PE ratio for AT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average15.4x
Y Yellow Pages
4.9xn/aCA$357.1m
TVA.B TVA Group
5.5xn/aCA$121.4m
TBRD Thunderbird Entertainment Group
39x60.4%CA$176.8m
RAY.A Stingray Group
12.3x17.6%CA$408.2m
AT AcuityAds Holdings
37x54.0%CA$173.7m

Price-To-Earnings vs Peers: AT is expensive based on its Price-To-Earnings Ratio (37x) compared to the peer average (15.4x).


Price to Earnings Ratio vs Industry

How does AT's PE Ratio compare vs other companies in the North American Interactive Media and Services Industry?

Price-To-Earnings vs Industry: AT is good value based on its Price-To-Earnings Ratio (37x) compared to the North American Interactive Media and Services industry average (37.6x)


Price to Earnings Ratio vs Fair Ratio

What is AT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio37x
Fair PE Ratio26.4x

Price-To-Earnings vs Fair Ratio: AT is expensive based on its Price-To-Earnings Ratio (37x) compared to the estimated Fair Price-To-Earnings Ratio (26.4x).


Share Price vs Fair Value

What is the Fair Price of AT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AT (CA$2.89) is trading below our estimate of fair value (CA$6.74)

Significantly Below Fair Value: AT is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: AT is good value based on its PEG Ratio (0.7x)


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Future Growth

How is AcuityAds Holdings forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


54.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AT's forecast earnings growth (54% per year) is above the savings rate (1.6%).

Earnings vs Market: AT's earnings (54% per year) are forecast to grow faster than the Canadian market (7.3% per year).

High Growth Earnings: AT's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: AT's revenue (13.9% per year) is forecast to grow faster than the Canadian market (6.6% per year).

High Growth Revenue: AT's revenue (13.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if AT's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has AcuityAds Holdings performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


51.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: AT has high quality earnings.

Growing Profit Margin: AT's current net profit margins (4%) are lower than last year (4.5%).


Past Earnings Growth Analysis

Earnings Trend: AT has become profitable over the past 5 years, growing earnings by 51% per year.

Accelerating Growth: AT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: AT had negative earnings growth (-3.1%) over the past year, making it difficult to compare to the Interactive Media and Services industry average (-15.5%).


Return on Equity

High ROE: AT's Return on Equity (4.3%) is considered low.


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Financial Health

How is AcuityAds Holdings's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: AT's short term assets (CA$127.2M) exceed its short term liabilities (CA$25.2M).

Long Term Liabilities: AT's short term assets (CA$127.2M) exceed its long term liabilities (CA$5.1M).


Debt to Equity History and Analysis

Debt Level: AT has more cash than its total debt.

Reducing Debt: AT's debt to equity ratio has reduced from 72.6% to 5.6% over the past 5 years.

Debt Coverage: AT's debt is well covered by operating cash flow (247.2%).

Interest Coverage: AT's interest payments on its debt are well covered by EBIT (4.9x coverage).


Balance Sheet


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Dividend

What is AcuityAds Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate AT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate AT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if AT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AT's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as AT has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

2.8yrs

Average management tenure


CEO

Tal Hayek (49 yo)

12.67yrs

Tenure

CA$595,000

Compensation

Mr. Tal Hayek co-founded AcuityAds Holdings Inc., (formerly, AcuityAds Inc.) in 2009 and has been its Chief Executive Officer since October 09, 2009. In 2004, Mr. Hayek founded Incentaclick, an affiliate m...


CEO Compensation Analysis

Compensation vs Market: Tal's total compensation ($USD461.46K) is above average for companies of similar size in the Canadian market ($USD174.83K).

Compensation vs Earnings: Tal's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: AT's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: AT's board of directors are considered experienced (7.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: AT insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

AcuityAds Holdings Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: AcuityAds Holdings Inc.
  • Ticker: AT
  • Exchange: TSX
  • Founded: NaN
  • Industry: Interactive Media and Services
  • Sector: Media
  • Implied Market Cap: CA$173.739m
  • Shares outstanding: 60.12m
  • Website: https://www.acuityads.com

Number of Employees


Location

  • AcuityAds Holdings Inc.
  • 70 University Avenue
  • Suite 1200
  • Toronto
  • Ontario
  • M5J 2M4
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/29 00:00
End of Day Share Price2022/06/29 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.