AIM:MIRI

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Mirriad Advertising

Executive Summary

Mirriad Advertising plc, a video technology company, provides in-video advertising services to broadcasters, advertisers, brand owners, and their agencies. More Details


Snowflake Analysis

Flawless balance sheet with limited growth.

Share Price & News

How has Mirriad Advertising's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MIRI is more volatile than 75% of UK stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: MIRI's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of UK stocks.


Market Performance


7 Day Return

24.1%

MIRI

-0.1%

GB Media

-0.4%

GB Market


1 Year Return

207.2%

MIRI

-19.5%

GB Media

-10.0%

GB Market

Return vs Industry: MIRI exceeded the UK Media industry which returned -19.5% over the past year.

Return vs Market: MIRI exceeded the UK Market which returned -10% over the past year.


Shareholder returns

MIRIIndustryMarket
7 Day24.1%-0.1%-0.4%
30 Day34.2%22.4%13.6%
90 Day154.5%22.6%6.4%
1 Year207.2%207.2%-17.0%-19.5%-6.4%-10.0%
3 Yearn/a-20.3%-31.6%1.6%-10.9%
5 Yearn/a-19.7%-37.6%27.5%-1.5%

Long-Term Price Volatility Vs. Market

How volatile is Mirriad Advertising's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Mirriad Advertising undervalued compared to its fair value and its price relative to the market?

7.28x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate MIRI's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate MIRI's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: MIRI is unprofitable, so we can't compare its PE Ratio to the GB Media industry average.

PE vs Market: MIRI is unprofitable, so we can't compare its PE Ratio to the UK market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MIRI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MIRI is overvalued based on its PB Ratio (7.3x) compared to the GB Media industry average (1.2x).


Next Steps

Future Growth

How is Mirriad Advertising forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

19.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MIRI is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: MIRI is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: MIRI is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: MIRI's revenue (77% per year) is forecast to grow faster than the UK market (6.8% per year).

High Growth Revenue: MIRI's revenue (77% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Mirriad Advertising performed over the past 5 years?

-12.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MIRI is currently unprofitable.

Growing Profit Margin: MIRI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MIRI is unprofitable, and losses have increased over the past 5 years at a rate of 12.5% per year.

Accelerating Growth: Unable to compare MIRI's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MIRI is unprofitable, making it difficult to compare its past year earnings growth to the Media industry (-32.4%).


Return on Equity

High ROE: MIRI has a negative Return on Equity (-68.3%), as it is currently unprofitable.


Next Steps

Financial Health

How is Mirriad Advertising's financial position?


Financial Position Analysis

Short Term Liabilities: MIRI's short term assets (£16.1M) exceed its short term liabilities (£2.4M).

Long Term Liabilities: MIRI's short term assets (£16.1M) exceed its long term liabilities (£360.2K).


Debt to Equity History and Analysis

Debt Level: MIRI is debt free.

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


Balance Sheet


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: MIRI has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: MIRI has sufficient cash runway for 2 years if free cash flow continues to reduce at historical rates of 10.5% each year.


Next Steps

Dividend

What is Mirriad Advertising current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate MIRI'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 MIRI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MIRI'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 MIRI's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

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

2.1yrs

Average management tenure


CEO

Stephan Beringer (56 yo)

2.08yrs

Tenure

UK£901,000

Compensation

Mr. Stephan Beringer serves as Chief Executive Officer at Mirriad Advertising Limited since October 01, 2018 and has been its Director since September 2018. Mr. Beringer served as the Chief Executive Offic...


CEO Compensation Analysis

Compensation vs Market: Stephan's total compensation ($USD1.20M) is above average for companies of similar size in the UK market ($USD345.39K).

Compensation vs Earnings: Stephan's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Stephan Beringer
CEO & Director2.08yrsUK£901.00k0.16%
£ 163.3k
David Dorans
CFO & Director2.92yrsUK£235.00k0.24%
£ 255.5k
Niteen Prajapati
Chief Technology Officerno datano datano data
Philip McLauchlan
Chief Science Officerno datano datano data
Lianne Norry
Global Chief Marketing Officer0.67yrno datano data
Tim Jones
Head of Global Research & Insights2.5yrsno datano data
Simon Redding
Head of Engineeringno datano datano data
Mark Melvin
Executive Vice President of Sales & Brand Partnerships - USno datano datano data
Raj Parakkal
Managing Director of India Ad Deliveryno datano datano data
Michael Rees
Managing Director of APACno datano datano data
Jamie Allen
Financial Controllerno datano datano data
Hannah Coote
Company Secretaryno datano datano data

2.1yrs

Average Tenure

Experienced Management: MIRI's management team is considered experienced (2.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Stephan Beringer
CEO & Director2.08yrsUK£901.00k0.16%
£ 163.3k
David Dorans
CFO & Director2.92yrsUK£235.00k0.24%
£ 255.5k
Robert Head
Independent Non-Executive Director1.42yrsUK£21.00k0.062%
£ 65.3k
Anthony Pearson
Independent Non-Executive Chairman1.58yrsUK£65.00k0.078%
£ 81.7k
Mark Reilly
Non-Executive Director2.92yrsUK£20.00k0.031%
£ 32.7k
Alastair Hugh Kilgour
Non-Executive Director2.92yrsUK£20.00k0.27%
£ 277.7k

2.5yrs

Average Tenure

59yo

Average Age

Experienced Board: MIRI's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

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.


Top Shareholders

Company Information

Mirriad Advertising plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Mirriad Advertising plc
  • Ticker: MIRI
  • Exchange: AIM
  • Founded: 2015
  • Industry: Advertising
  • Sector: Media
  • Market Cap: UK£104.547m
  • Shares outstanding: 213.36m
  • Website: https://www.mirriad.com

Number of Employees


Location

  • Mirriad Advertising plc
  • 96 Great Suffolk Street
  • London
  • Greater London
  • SE1 0BE
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MIRIAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPDec 2017
MMDD.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDDec 2017

Biography

Mirriad Advertising plc, a video technology company, provides in-video advertising services to broadcasters, advertisers, brand owners, and their agencies. It inserts product, signage, or video into existi...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/29 18:51
End of Day Share Price2020/11/27 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.