XTRA:APM

Stock Analysis Report

ad pepper media International

Executive Summary

ad pepper media International N.V., through its subsidiaries, provides online marketing services in Germany, the United Kingdom, Spain, the United States, and internationally.

Rewards

Trading at 21.2% below its fair value

Earnings are forecast to grow 44.99% per year

Risk Analysis

Does not have a meaningful market cap (€52M)



Snowflake Analysis

Flawless balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

How has ad pepper media International's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: APM has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-5.4%

APM

0.5%

DE Media

0.2%

DE Market


1 Year Return

8.3%

APM

4.6%

DE Media

13.6%

DE Market

Return vs Industry: APM exceeded the German Media industry which returned 4.6% over the past year.

Return vs Market: APM underperformed the German Market which returned 13.6% over the past year.


Shareholder returns

APMIndustryMarket
7 Day-5.4%0.5%0.2%
30 Day-6.4%-3.2%-0.08%
90 Day-6.1%-2.2%6.0%
1 Year8.3%8.3%9.3%4.6%17.1%13.6%
3 Year2.9%2.9%-5.5%-16.9%19.6%9.0%
5 Year174.8%174.8%0.9%-19.7%38.9%20.0%

Price Volatility Vs. Market

How volatile is ad pepper media International's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is ad pepper media International undervalued compared to its fair value and its price relative to the market?

21.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: APM (€2.47) is trading below our estimate of fair value (€3.14)

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


Price To Earnings Ratio

PE vs Industry: APM is poor value based on its PE Ratio (85.9x) compared to the Media industry average (25.2x).

PE vs Market: APM is poor value based on its PE Ratio (85.9x) compared to the German market (20.7x).


Price to Earnings Growth Ratio

PEG Ratio: APM is poor value based on its PEG Ratio (1.9x)


Price to Book Ratio

PB vs Industry: APM is overvalued based on its PB Ratio (3.2x) compared to the DE Media industry average (3x).


Next Steps

Future Growth

How is ad pepper media International forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

45.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: APM's forecast earnings growth (45% per year) is above the savings rate (-0.4%).

Earnings vs Market: APM's earnings (45% per year) are forecast to grow faster than the German market (13.2% per year).

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

Revenue vs Market: APM's revenue (9.6% per year) is forecast to grow faster than the German market (4.9% per year).

High Growth Revenue: APM's revenue (9.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: APM's Return on Equity is forecast to be low in 3 years time (7.6%).


Next Steps

Past Performance

How has ad pepper media International performed over the past 5 years?

47.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: APM has high quality earnings.

Growing Profit Margin: APM's current net profit margins (2.8%) are higher than last year (2.5%).


Past Earnings Growth Analysis

Earnings Trend: APM has become profitable over the past 5 years, growing earnings by 47% per year.

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

Earnings vs Industry: APM had negative earnings growth (-37.6%) over the past year, making it difficult to compare to the Media industry average (-8.9%).


Return on Equity

High ROE: APM's Return on Equity (6.2%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is ad pepper media International's financial position?


Financial Position Analysis

Short Term Liabilities: APM's short term assets (€35.0M) exceed its short term liabilities (€18.3M).

Long Term Liabilities: APM's short term assets (€35.0M) exceed its long term liabilities (€2.4M).


Debt to Equity History and Analysis

Debt Level: APM is debt free.

Reducing Debt: APM has not had any debt for past 5 years.

Debt Coverage: APM has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: APM has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: APM has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if APM's debt is covered by short term assets.


Next Steps

Dividend

What is ad pepper media International's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.3%markettop25%3.6%industryaverage5.9%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of APM's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

What is the CEO of ad pepper media International's salary, the management and board of directors tenure and is there insider trading?

6.8yrs

Average board tenure


CEO

Jens Körner 0

2.8yrs

Tenure

€182,662

Compensation

Mr. Jens Körner has been the Chief Executive Officer of Ad Pepper Media International N.V. since March 20, 2017 and has been its Member of Management Board since November 2006. In this role, Mr. Körner is  ...


CEO Compensation Analysis

Compensation vs Market: Jens's total compensation ($USD202.67K) is below average for companies of similar size in the German market ($USD429.97K).

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


Board Age and Tenure

6.8yrs

Average Tenure

52.5yo

Average Age

Experienced Board: APM's board of directors are considered experienced (6.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

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


Management Team

  • Jens Körner

    CEO & Member of Management Board

    • Tenure: 2.8yrs
    • Compensation: €182.66k
  • Frank Schlaberg (54yo)

    Managing Director of Corporate Finance Advisory

    • Tenure: 0yrs
  • Susanne Pilz

    Managing Director of ad pepper media Germany

    • Tenure: 0yrs
  • Inigo Abrisqueta

    Chief Executive Officer of Spain

    • Tenure: 0yrs
  • Vittorio Lorenzoni

    Head of Paris Office

    • Tenure: 0.8yrs

Board Members

  • Michael Oschmann (50yo)

    Chairman of Supervisory Board

    • Tenure: 19.9yrs
  • Stephan Roppel (55yo)

    Member of Supervisory Board

    • Tenure: 6.8yrs
  • Thomas Bauer (56yo)

    Member of Supervisory Board

    • Tenure: 6.8yrs
  • Eun-Kyung Park (41yo)

    Member of Supervisory Board

    • Tenure: 6.8yrs

Company Information

ad pepper media International N.V.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: ad pepper media International N.V.
  • Ticker: APM
  • Exchange: XTRA
  • Founded: 1999
  • Industry: Advertising
  • Sector: Media
  • Market Cap: €51.872m
  • Shares outstanding: 21.00m
  • Website: https://www.adpeppergroup.com

Number of Employees


Location

  • ad pepper media International N.V.
  • Frankenstrasse 150 C
  • Nuremberg
  • Bavaria
  • 90461
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
APMDB (Deutsche Boerse AG)YesCommon SharesDEEUROct 2000
APMXTRA (XETRA Trading Platform)YesCommon SharesDEEUROct 2000
0OOSLSE (London Stock Exchange)YesCommon SharesGBEUROct 2000

Biography

ad pepper media International N.V., through its subsidiaries, provides online marketing services in Germany, the United Kingdom, Spain, the United States, and internationally. The company operates through  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/11 21:07
End of Day Share Price2019/12/11 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.