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Telaria

DB:TV8
Snowflake Description

Flawless balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TV8
DB
$326M
Market Cap
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Last updated 2019/04/25 22:08
Company description

Telaria, Inc. provides a software platform for publishers to manage and monetize video advertising in the United States. The last earnings update was 37 days ago. More info.

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  • Telaria has significant price volatility in the past 3 months.
TV8 Share Price and Events
7 Day Returns
9.8%
DB:TV8
13.9%
DE Software
0.8%
DE Market
1 Year Returns
84.7%
DB:TV8
27.2%
DE Software
-4.5%
DE Market
TV8 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Telaria (TV8) 9.8% 9.5% 125.6% 84.7% 274.5% 94.9%
DE Software 13.9% 16.3% 23.7% 27.2% 64% 103.7%
DE Market 0.8% 6.9% 8.1% -4.5% 10.4% 13.9%
1 Year Return vs Industry and Market
  • TV8 outperformed the Software industry which returned 27.2% over the past year.
  • TV8 outperformed the Market in Germany which returned -4.5% over the past year.
Price Volatility
TV8
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Telaria undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Telaria to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Telaria.

DB:TV8 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:TV8
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Software Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.137 (1 + (1- 21%) (0%)) 		1.092
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)		 1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.092 * 5.96%) 		6.73%

Discounted Cash Flow Calculation for DB:TV8 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Telaria is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:TV8 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.73%)
2019 3.80 Analyst x1 3.56
2020 13.10 Analyst x1 11.50
2021 22.94 Est @ 75.1% 18.86
2022 35.01 Est @ 52.64% 26.98
2023 47.93 Est @ 36.92% 34.60
2024 60.35 Est @ 25.91% 40.82
2025 71.34 Est @ 18.21% 45.21
2026 80.48 Est @ 12.81% 47.78
2027 87.75 Est @ 9.04% 48.81
2028 93.37 Est @ 6.39% 48.66
Present value of next 10 years cash flows $326.77
DB:TV8 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $93.37 × (1 + 0.23%) ÷ (6.73% – 0.23%) 		$1,438.18
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,438.18 ÷ (1 + 6.73%)10 		$749.47
DB:TV8 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $326.77 + $749.47 		$1,076.24
Equity Value per Share
(USD)		 = Total value / Shares Outstanding
= $1,076.24 / 45.59 		$23.61
DB:TV8 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:TV8 represents 0.87131x of NYSE:TLRA
(This could be a different class, a depositary receipt, a different currency, or all of these things.) 		0.87131x
Value per Share
(Listing Adjusted, EUR)		 = Value per Share (USD) x Listing Adjustment Factor
= $ 23.61 x 0.87131 		€20.57
Value per share (EUR) From above. €20.57
Current discount Discount to share price of €6.32
= -1 x (€6.32 - €20.57) / €20.57 		69.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Telaria is available for.
Intrinsic value
>50%
Share price is €6.32 vs Future cash flow value of €20.57
Current Discount Checks
For Telaria to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Telaria's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Telaria's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Telaria's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Telaria's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:TV8 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.18
NYSE:TLRA Share Price ** NYSE (2019-04-25) in USD $7.25
Germany Software Industry PE Ratio Median Figure of 22 Publicly-Listed Software Companies 35.83x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 20.1x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Telaria.

DB:TV8 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:TLRA Share Price ÷ EPS (both in USD)

= 7.25 ÷ -0.18

 -40.66x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Telaria is loss making, we can't compare its value to the DE Software industry average.
  • Telaria is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Telaria's expected growth come at a high price?
Raw Data
DB:TV8 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -40.66x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts		 57.4%per year
Germany Software Industry PEG Ratio Median Figure of 14 Publicly-Listed Software Companies 2.96x
Germany Market PEG Ratio Median Figure of 268 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Telaria, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Telaria's assets?
Raw Data
DB:TV8 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $1.23
NYSE:TLRA Share Price * NYSE (2019-04-25) in USD $7.25
Germany Software Industry PB Ratio Median Figure of 34 Publicly-Listed Software Companies 2.91x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.87x
DB:TV8 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:TLRA Share Price ÷ Book Value per Share (both in USD)

= 7.25 ÷ 1.23

 5.92x

* Primary Listing of Telaria.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Telaria is overvalued based on assets compared to the DE Software industry average.
X
Value checks
We assess Telaria's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Software industry average (and greater than 0)? (1 check)
    5. Telaria has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Telaria expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
57.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Telaria expected to grow at an attractive rate?
  • Telaria's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Telaria's earnings growth is expected to exceed the Germany market average.
  • Telaria's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:TV8 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:TV8 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 57.4%
DB:TV8 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 14.9%
Germany Software Industry Earnings Growth Rate Market Cap Weighted Average 12.1%
Germany Software Industry Revenue Growth Rate Market Cap Weighted Average 7.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:TV8 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:TV8 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 119 28 1
2022-12-31 106 21 1
2021-12-31 93 14 1
2020-12-31 77 16 2 4
2019-12-31 65 6 -5 4
DB:TV8 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 55 2 -9
2018-09-30 51 1 -11
2018-06-30 50 -10 -12
2018-03-31 47 -1 -16
2017-12-31 44 -11 -20
2017-09-30 39 -10 -23
2017-06-30 34 -4 -24
2017-03-31 1 -17 -22
2016-12-31 29 -7 -24
2016-09-30 71 -12 -23
2016-06-30 104 -12 -48
2016-03-31 170 -9 -47

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Telaria's earnings are expected to grow significantly at over 20% yearly.
  • Telaria's revenue is expected to grow by 14.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:TV8 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Telaria Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TV8 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.45 0.45 0.45 1.00
2022-12-31 0.35 0.35 0.35 1.00
2021-12-31 0.24 0.24 0.24 1.00
2020-12-31 0.05 0.09 0.00 4.00
2019-12-31 -0.10 -0.05 -0.13 4.00
DB:TV8 Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.18
2018-09-30 -0.21
2018-06-30 -0.24
2018-03-31 -0.32
2017-12-31 -0.39
2017-09-30 -0.45
2017-06-30 -0.46
2017-03-31 -0.43
2016-12-31 -0.46
2016-09-30 -0.44
2016-06-30 -0.91
2016-03-31 -0.91

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Telaria will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Show me more growth companies in the Software industry
X
Future performance checks
We assess Telaria's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Telaria has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Telaria performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Telaria's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Telaria does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Telaria's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Telaria's 1-year growth to the DE Software industry average as it is not currently profitable.
Earnings and Revenue History
Telaria's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Telaria Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TV8 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 55.17 -9.23 48.72 9.93
2018-09-30 50.52 -10.73 47.71 8.98
2018-06-30 49.76 -12.43 49.61 8.67
2018-03-31 47.26 -16.29 49.09 8.47
2017-12-31 43.80 -19.70 48.37 8.59
2017-09-30 39.17 -22.73 43.95 8.48
2017-06-30 34.08 -23.57 38.60 7.93
2017-03-31 0.70 -22.32 30.28 3.54
2016-12-31 29.12 -23.85 39.66 6.96
2016-09-30 70.50 -23.17 45.95 10.43
2016-06-30 104.49 -47.68 53.35 14.01
2016-03-31 170.35 -47.35 66.59 21.06
2015-12-31 9.61 -29.18 30.72 4.76
2015-09-30 163.96 -46.23 64.04 19.28
2015-06-30 161.37 -23.08 62.38 18.40
2015-03-31 162.67 -23.21 60.48 17.61
2014-12-31 159.49 -23.49 57.34 16.99
2014-09-30 153.91 -23.92 55.27 15.87
2014-06-30 150.14 -36.53 52.94 14.44
2014-03-31 141.90 -31.44 50.85 13.27
2013-12-31 131.80 -29.37 49.45 11.64
2013-09-30 128.04 -24.59 48.13 10.63
2013-06-30 122.94 -8.17 47.30 10.01
2013-03-31 112.68 -12.68 46.31 9.19
2012-12-31 105.19 -16.64 45.87 8.14

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Telaria has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Telaria has efficiently used its assets last year compared to the DE Software industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Telaria improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Telaria's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Telaria has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Telaria's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Telaria's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Telaria is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Telaria's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Telaria's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Telaria has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Telaria Company Filings, last reported 3 months ago.

DB:TV8 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 54.40 0.00 47.66
2018-09-30 75.81 0.00 70.57
2018-06-30 75.88 0.00 64.95
2018-03-31 78.17 0.00 72.59
2017-12-31 83.14 0.00 76.32
2017-09-30 82.88 0.00 77.17
2017-06-30 68.76 0.94 36.15
2017-03-31 70.00 1.02 28.03
2016-12-31 78.52 0.00 43.16
2016-09-30 82.74 0.00 47.55
2016-06-30 86.30 0.00 49.98
2016-03-31 91.33 0.00 56.44
2015-12-31 101.43 0.00 59.89
2015-09-30 103.03 0.00 65.53
2015-06-30 130.06 0.00 68.61
2015-03-31 134.15 0.00 74.68
2014-12-31 139.77 0.00 77.79
2014-09-30 143.87 0.00 77.91
2014-06-30 147.12 0.00 83.77
2014-03-31 151.03 0.00 87.29
2013-12-31 157.03 0.00 92.69
2013-09-30 161.52 0.00 96.26
2013-06-30 96.01 6.02 32.14
2013-03-31 95.62 6.02 31.53
2012-12-31 100.10 6.02 32.53
  • Telaria has no debt.
  • Telaria had no debt 5 years ago.
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.

  • Telaria has sufficient cash runway for more than 3 years based on current free cash flow.
  • Telaria has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -46.2% each year.
Show me more healthy companies in the Software industry
X
Financial health checks
We assess Telaria's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
    7. Telaria has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Telaria dividends.
If you bought €2,000 of Telaria shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Telaria's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Telaria's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:TV8 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Germany Software Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 1.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:TV8 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Telaria has not reported any payouts.
  • Unable to verify if Telaria's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Telaria's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Telaria has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Telaria's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Telaria afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. Telaria has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Telaria's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mark Zagorski
COMPENSATION $2,280,977
AGE 49
TENURE AS CEO 1.8 years
CEO Bio

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 Media LTD. from December 22, 2010 to March 2015 and continued to manage the eXelate business as Executive Vice President, Nielsen Marketing Cloud through June 2017. Mr. Zagorski joined eXelate in April 2008. He served as the Chief Revenue Officer of eXelate Media LTD. from May 2008 to December 22, 2010. He was responsible for all business development, marketing and client management at eXelate. He served as Chief Marketing Officer and Executive Vice President of Mediaspan Group, Inc. from January 2005 to April 2008. He is a Co-founder of Gannaway Web Holdings, LLC (doing business as WorldNow) and served as its President. He was responsible for long-term strategic planning and operational management for WorldNow which he joined in 1999 and served as its President from February 2002 to December 2004. Mr. Zagorski served as an Account Director at Internet pioneer Modem Media, where he led award-winning online development initiatives for clients including IBM, Priceline.com, MCI and Chase Manhattan Bank. His interactive media experience began over a decade ago with digital agency pioneer working with clients such as HSBC Bank and Standard and Poor's. Mr. Zagorski held Senior Marketing Management positions in the apparel industry for AlliedSignal and the J. Crew Group. He serves as a Director of eXelate Media LTD (also known as eXelate, Inc.). He served as a Director of Vibrant Media Inc. He is an active multimedia public speaker and commentator with appearances and published articles in popular media ranging from CBS Heetwatch and The Digital Survival Guide to the DM News and Fast Company. He was awarded the University's Distinguished Young Alumnus Award in 2004 at Gannon University. Mr. Zagorski received a Bachelor of Science degree in Finance (with Honors) from Gannon University and holds a Master of Business Administration degree from the University of Rochester's William E. Simon School of Business.

CEO Compensation
  • Insufficient data for Mark to compare compensation growth.
  • Mark's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Telaria management team in years:

3.4
Average Tenure
49
Average Age
  • The tenure for the Telaria management team is about average.
Management Team

Paul Caine

TITLE
Executive Chairman of the Board
COMPENSATION
$883K
AGE
54

Mark Zagorski

TITLE
CEO & Director
COMPENSATION
$2M
AGE
49
TENURE
1.8 yrs

John Rego

TITLE
Senior VP & CFO
COMPENSATION
$1M
AGE
56
TENURE
3.6 yrs

Seitz Evans

TITLE
Senior VP & COO
COMPENSATION
$1M
AGE
32
TENURE
2.1 yrs

Steve Lee

TITLE
Co-Founder and Senior Advisor
AGE
42

Rama Roberts

TITLE
Chief Technology Officer
TENURE
0.2 yrs

Andrew Posen

TITLE
VP & Head of Investor Relations
TENURE
5.3 yrs

Aaron Saltz

TITLE
General Counsel & Secretary
TENURE
3.4 yrs

Lekha Rao

TITLE
Vice President of Media Relations & Corporate Communications

Hava Kelman

TITLE
Vice President of Business Development
TENURE
4.8 yrs
Board of Directors Tenure

Average tenure and age of the Telaria board of directors in years:

5.8
Average Tenure
52
Average Age
  • The tenure for the Telaria board of directors is about average.
Board of Directors

Mark Zagorski

TITLE
CEO & Director
COMPENSATION
$2M
AGE
49
TENURE
1.8 yrs

Jim Rossman

TITLE
Director
COMPENSATION
$154K
AGE
52
TENURE
8.3 yrs

Paul Caine

TITLE
Executive Chairman of the Board
COMPENSATION
$883K
AGE
54
TENURE
1.8 yrs

Bob Schechter

TITLE
Director
COMPENSATION
$150K
AGE
69
TENURE
5.8 yrs

Warren Lee

TITLE
Lead Independent Director
COMPENSATION
$168K
AGE
48
TENURE
5.8 yrs

Alan Schulman

TITLE
Member of Advisory Board

Jack Haber

TITLE
Member of Advisory Board

David Cohen

TITLE
Member of Advisory Board

Greg Stuart

TITLE
Member of Advisory Board

Jack Myers

TITLE
Member of Advisory Board
Who owns this company?
Recent Insider Trading
  • Telaria insiders have sold more shares than they have bought in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
04. Mar 19 Buy Adam Lowy Individual 28. Feb 19 28. Feb 19 3,500 €4.87 €17,054
04. Mar 19 Sell John Rego Individual 28. Feb 19 28. Feb 19 -10,000 €4.95 €-49,507
28. Dec 18 Buy Edenbrook Capital Partners, LLC Company 07. Dec 18 27. Dec 18 153,168 €2.49 €381,866
26. Dec 18 Sell W Capital Partners Company 26. Dec 18 26. Dec 18 -5,051,886 €2.21 €-11,180,645
21. Nov 18 Buy Adam Lowy Individual 20. Nov 18 20. Nov 18 20,000 €2.61 €52,299
13. Nov 18 Buy Edenbrook Capital Partners, LLC Company 01. Oct 18 12. Nov 18 394,000 €3.23 €851,389
25. Oct 18 Sell Canaan Partners Company 25. Oct 18 25. Oct 18 -72,980 €2.38 €-173,763
24. Oct 18 Sell Canaan Partners Company 22. Oct 18 24. Oct 18 -252,020 €2.41 €-601,647
23. Oct 18 Buy Paul Caine Individual 23. Oct 18 23. Oct 18 4,000 €2.41 €9,650
16. Oct 18 Buy Paul Caine Individual 16. Oct 18 16. Oct 18 5,000 €2.39 €11,951
30. Aug 18 Sell Canaan Partners Company 29. Aug 18 30. Aug 18 -159,328 €3.32 €-516,419
28. Aug 18 Sell Canaan Partners Company 24. Aug 18 28. Aug 18 -149,352 €3.10 €-460,176
23. Aug 18 Sell Canaan Partners Company 21. Aug 18 23. Aug 18 -141,258 €3.11 €-433,597
22. Aug 18 Buy Edenbrook Capital Partners, LLC Company 02. Jul 18 22. Aug 18 565,465 €3.47 €1,960,413
20. Aug 18 Sell Canaan Partners Company 16. Aug 18 20. Aug 18 -113,062 €3.11 €-348,737
15. Aug 18 Sell Canaan Partners Company 13. Aug 18 15. Aug 18 -77,902 €3.25 €-250,898
31. May 18 Sell Canaan Partners Company 29. May 18 31. May 18 -159,452 €3.49 €-553,131
30. May 18 Buy Edenbrook Capital Partners, LLC Company 04. Apr 18 30. May 18 339,091 €3.46 €1,173,771
24. May 18 Sell Canaan Partners Company 22. May 18 24. May 18 -16,675 €3.42 €-56,954
21. May 18 Sell Canaan Partners Company 17. May 18 21. May 18 -127,971 €3.44 €-438,236
16. May 18 Sell Canaan Partners Company 15. May 18 16. May 18 -130,508 €3.48 €-452,628
14. May 18 Sell Canaan Partners Company 10. May 18 14. May 18 -244,492 €3.51 €-847,225
X
Management checks
We assess Telaria's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
    5. Telaria has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

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 to control their video advertising business, as well as a monetization solution to optimize yield across a publisher’s supply of digital video inventory. Its technology enables publishers to manage and deliver their directly sold and programmatic video inventory through a single platform. The company was formerly known as Tremor Video, Inc. and changed its name to Telaria, Inc. in September 2017. Telaria, Inc. was founded in 2005 and is headquartered in New York, New York.

Details
Name: Telaria, Inc.
TV8
Exchange: DB
Founded: 2005
$292,671,357
45,592,623
Website: http://www.telaria.com
Address: Telaria, Inc.
222 Broadway,
16th Floor,
New York,
New York, 10038,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE TLRA Common Stock New York Stock Exchange US USD 27. Jun 2013
DB TV8 Common Stock Deutsche Boerse AG DE EUR 27. Jun 2013
Number of employees
Current staff
Staff numbers
167
Telaria employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/25 22:08
End of day share price update: 2019/04/25 00:00
Last estimates confirmation: 2019/04/09
Last earnings filing: 2019/03/19
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.

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