Executive Summary
Telaria, Inc. provides a software platform for publishers to manage and monetize video advertising in the United States.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with reasonable growth potential.
Similar Companies
Share Price & News
How has Telaria's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TV8's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-3.4%
TV8
1.7%
DE Software
1.0%
DE Market
1 Year Return
182.3%
TV8
38.5%
DE Software
15.7%
DE Market
Return vs Industry: TV8 exceeded the German Software industry which returned 38.5% over the past year.
Return vs Market: TV8 exceeded the German Market which returned 15.7% over the past year.
Shareholder returns
| TV8 | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.4% | 1.7% | 1.0% |
| 30 Day | 3.7% | 2.1% | 1.0% |
| 90 Day | -6.6% | 15.4% | 6.7% |
| 1 Year | 182.3%182.3% | 40.3%38.5% | 19.3%15.7% |
| 3 Year | 222.7%222.7% | 63.3%56.7% | 19.5%8.9% |
| 5 Year | 186.2%186.2% | 138.7%121.7% | 36.9%18.3% |
Price Volatility Vs. Market
How volatile is Telaria's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Telaria undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TV8 (€7) is trading below our estimate of fair value (€20.32)
Significantly Below Fair Value: TV8 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TV8 is unprofitable, so we can't compare its PE Ratio to the Software industry average.
PE vs Market: TV8 is unprofitable, so we can't compare its PE Ratio to the German market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate TV8's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: TV8 is overvalued based on its PB Ratio (6.6x) compared to the DE Software industry average (3.1x).
Next Steps
Future Growth
How is Telaria forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
72.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TV8 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (-0.4%).
Earnings vs Market: TV8 is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: TV8's is expected to become profitable in the next 3 years.
Revenue vs Market: TV8's revenue (14.4% per year) is forecast to grow faster than the German market (4.9% per year).
High Growth Revenue: TV8's revenue (14.4% 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 TV8's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Telaria performed over the past 5 years?
24.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TV8 is currently unprofitable.
Growing Profit Margin: TV8 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: TV8 is unprofitable, but has reduced losses over the past 5 years at a rate of 24.5% per year.
Accelerating Growth: Unable to compare TV8's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: TV8 is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (14.6%).
Return on Equity
High ROE: TV8 has a negative Return on Equity (-12.79%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Telaria's financial position?
Financial Position Analysis
Short Term Liabilities: TV8's short term assets ($184.0M) exceed its short term liabilities ($142.9M).
Long Term Liabilities: TV8's short term assets ($184.0M) exceed its long term liabilities ($26.3M).
Debt to Equity History and Analysis
Debt Level: TV8 is debt free.
Reducing Debt: TV8 had no debt 5 years ago.
Balance Sheet
Inventory Level: TV8 has a low level of unsold assets or inventory.
Debt Coverage by Assets: TV8's debt is covered by short term assets (assets are 5.1800965863969E+16x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable TV8 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: TV8 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 79.8% per year.
Next Steps
Dividend
What is Telaria's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate TV8's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate TV8'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 TV8's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TV8'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 TV8'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 Telaria's salary, the management and board of directors tenure and is there insider trading?
4.1yrs
Average management tenure
CEO
Mark Zagorski (50yo)
2.4yrs
Tenure
US$1,489,672
Compensation
Mr. Mark S. Zagorski has been the Chief Executive Officer and Director of Telaria, Inc. since July 10, 2017. Mr. Zagorski served as the Chief Executive Officer of eXelate, Inc. from December 22, 2010 to Ma ...
CEO Compensation Analysis
Compensation vs Market: Mark's total compensation ($USD1.49M) is above average for companies of similar size in the German market ($USD822.02K).
Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.
Management Age and Tenure
4.1yrs
Average Tenure
47yo
Average Age
Experienced Management: TV8's management team is considered experienced (4.1 years average tenure).
Board Age and Tenure
6.4yrs
Average Tenure
53yo
Average Age
Experienced Board: TV8's board of directors are considered experienced (6.4 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.
Recent Insider Transactions
| Entity | Company |
| Shares | 234,511 |
| Max Price | €9.42 |
| Entity | Individual |
| Role | Chief Operating Officer Senior VP & COO |
| Shares | 7,879 |
| Max Price | €7.27 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 173,156 |
| Max Price | €7.25 |
| Entity | Individual |
| Shares | 3,500 |
| Max Price | €4.87 |
| Entity | Individual |
| Role | Chief Financial Officer Senior VP & CFO |
| Shares | 10,000 |
| Max Price | €4.95 |
| Entity | Company |
| Shares | 153,168 |
| Max Price | €2.49 |
| Entity | Company |
| Shares | 5,051,886 |
| Max Price | €2.21 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
John Rego (57yo)
Senior VP & CFO
- Tenure: 4.3yrs
- Compensation: US$786.54k
Paul Caine (55yo)
Executive Chairman of the Board
- Tenure: 2.4yrs
- Compensation: US$315.00k
Mark Zagorski (50yo)
CEO & Director
- Tenure: 2.4yrs
- Compensation: US$1.49m
Lekha Rao
Vice President of Media Relations & Corporate Communications
- Tenure: 0yrs
Steve Lee (43yo)
Co-Founder and Senior Advisor
- Tenure: 0yrs
Andrew Posen
VP & Head of Investor Relations
- Tenure: 5.9yrs
Hava Kelman
Vice President of Business Development
- Tenure: 5.5yrs
Seitz Evans (33yo)
Senior VP & COO
- Tenure: 2.8yrs
- Compensation: US$729.79k
Aaron Saltz
General Counsel & Secretary
- Tenure: 4.1yrs
Rama Roberts (44yo)
Senior VP & CTO
- Tenure: 0.8yrs
Board Members
Bob Schechter (70yo)
Independent Director
- Tenure: 6.5yrs
- Compensation: US$150.00k
Greg Stuart
Member of Advisory Board
- Tenure: 0yrs
Warren Lee (49yo)
Lead Independent Director
- Tenure: 6.4yrs
- Compensation: US$163.33k
Paul Caine (55yo)
Executive Chairman of the Board
- Tenure: 2.4yrs
- Compensation: US$315.00k
Jim Rossman (53yo)
Independent Director
- Tenure: 8.9yrs
- Compensation: US$157.50k
Mark Zagorski (50yo)
CEO & Director
- Tenure: 2.4yrs
- Compensation: US$1.49m
David Cohen
Member of Advisory Board
- Tenure: 0yrs
Jack Haber
Member of Advisory Board
- Tenure: 0yrs
Alan Schulman
Member of Advisory Board
- Tenure: 0yrs
Jack Myers
Member of Advisory Board
- Tenure: 0yrs
Company Information
Telaria, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Telaria, Inc.
- Ticker: TV8
- Exchange: DB
- Founded: 2005
- Industry: Application Software
- Sector: Software
- Market Cap: US$367.917m
- Listing Market Cap: US$330.758m
- Shares outstanding: 46.57m
- Website: https://www.telaria.com
Number of Employees
Location
- Telaria, Inc.
- 222 Broadway
- 16th Floor
- New York
- New York
- 10038
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TLRA | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jun 2013 |
| TV8 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jun 2013 |
Biography
Telaria, Inc. provides a software platform for publishers to manage and monetize video advertising in the United States. The company offers publishers with real-time analytics, data, and decisioning tools ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/13 21:47 |
| End of Day Share Price | 2019/12/13 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.