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TRMR

Tremor InternationalAIM:TRMR Stock Report

Market Cap

UK£861.9m

7D

-8.2%

1Y

144.3%

Updated

28 Nov, 2021

Data

Company Financials +
TRMR fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance3/6
Financial Health6/6
Dividends0/6

TRMR Stock Overview

Tremor International Ltd. provides end-to-end software platform that enables advertisers to reach relevant audiences and publishers.

Tremor International Competitors

WPP

LSE:WPP

UK£12.3b

Alphabet

NasdaqGS:GOOG.L

US$1.9t

Meta Platforms

NasdaqGS:FB

US$926.7b

Snap

NYSE:SNAP

US$80.1b

Price History & Performance

Summary of all time highs, changes and price drops for Tremor International
Historical stock prices
Current Share PriceUK£5.62
52 Week HighUK£8.71
52 Week LowUK£2.45
Beta1.49
1 Month Change-17.35%
3 Month Change-25.46%
1 Year Change144.35%
3 Year Change84.26%
5 Year Change259.11%
Change since IPO262.58%

Recent News & Updates

Sep 16
Are Investors Undervaluing Tremor International Ltd (LON:TRMR) By 39%?

Are Investors Undervaluing Tremor International Ltd (LON:TRMR) By 39%?

Does the September share price for Tremor International Ltd ( LON:TRMR ) reflect what it's really worth? Today, we will...

Aug 26
What Does Tremor International Ltd's (LON:TRMR) Share Price Indicate?

What Does Tremor International Ltd's (LON:TRMR) Share Price Indicate?

While Tremor International Ltd ( LON:TRMR ) might not be the most widely known stock at the moment, it received a lot...

Shareholder Returns

TRMRGB MediaGB Market
7D-8.2%-6.0%-3.0%
1Y144.3%22.9%11.7%

Return vs Industry: TRMR exceeded the UK Media industry which returned 22.9% over the past year.

Return vs Market: TRMR exceeded the UK Market which returned 11.7% over the past year.

Price Volatility

Is TRMR's price volatile compared to industry and market?
TRMR volatility
TRMR Average Weekly Movement7.7%
Media Industry Average Movement5.2%
Market Average Movement4.9%
10% most volatile stocks in GB Market9.7%
10% least volatile stocks in GB Market2.5%

Stable Share Price: TRMR is more volatile than 75% of UK stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: TRMR's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of UK stocks.

About the Company

FoundedEmployeesCEOWebsite
2007564Ofer Drukerhttps://www.tremorinternational.com

Tremor International Ltd. provides end-to-end software platform that enables advertisers to reach relevant audiences and publishers. The company’s demand side platform (DSP) offers full-service and self-managed marketplace access to advertisers and agencies in order to execute their digital marketing campaigns in real time across various ad formats. Its sell side platform (SSP) provides access to data and a comprehensive product suite to drive inventory management and revenue optimization.

Tremor International Fundamentals Summary

How do Tremor International's earnings and revenue compare to its market cap?
TRMR fundamental statistics
Market CapUS$1.15b
Earnings (TTM)US$70.01m
Revenue (TTM)US$320.94m

16.4x

P/E Ratio

3.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TRMR income statement (TTM)
RevenueUS$320.94m
Cost of RevenueUS$68.66m
Gross ProfitUS$252.28m
ExpensesUS$182.27m
EarningsUS$70.01m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.46
Gross Margin78.61%
Net Profit Margin21.81%
Debt/Equity Ratio0%

How did TRMR perform over the long term?

See historical performance and comparison

Valuation

Is Tremor International 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: TRMR (£5.62) is trading below our estimate of fair value (£12.62)

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


Price To Earnings Ratio

PE vs Industry: TRMR is good value based on its PE Ratio (16.4x) compared to the UK Media industry average (39.9x).

PE vs Market: TRMR is good value based on its PE Ratio (16.4x) compared to the UK market (19.1x).


Price to Earnings Growth Ratio

PEG Ratio: TRMR's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: TRMR is overvalued based on its PB Ratio (2.2x) compared to the GB Media industry average (1.9x).


Future Growth

How is Tremor International forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

-0.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TRMR's earnings are forecast to decline over the next 3 years (-0.8% per year).

Earnings vs Market: TRMR's earnings are forecast to decline over the next 3 years (-0.8% per year).

High Growth Earnings: TRMR's earnings are forecast to decline over the next 3 years.

Revenue vs Market: TRMR's revenue (6.3% per year) is forecast to grow faster than the UK market (4.9% per year).

High Growth Revenue: TRMR's revenue (6.3% 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 TRMR's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Tremor International performed over the past 5 years?

14.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TRMR has high quality earnings.

Growing Profit Margin: TRMR became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: TRMR's earnings have grown by 14% per year over the past 5 years.

Accelerating Growth: TRMR has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: TRMR has become profitable in the last year, making it difficult to compare its past year earnings growth to the Media industry (20.9%).


Return on Equity

High ROE: TRMR's Return on Equity (13.2%) is considered low.


Financial Health

How is Tremor International's financial position?


Financial Position Analysis

Short Term Liabilities: TRMR's short term assets ($489.1M) exceed its short term liabilities ($193.6M).

Long Term Liabilities: TRMR's short term assets ($489.1M) exceed its long term liabilities ($23.4M).


Debt to Equity History and Analysis

Debt Level: TRMR is debt free.

Reducing Debt: TRMR had no debt 5 years ago.

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

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


Balance Sheet


Dividend

What is Tremor International current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: TRMR is not paying a notable dividend for the UK market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TRMR'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?

2.2yrs

Average management tenure


CEO

Ofer Druker (56 yo)

2.58yrs

Tenure

US$6,020,721

Compensation

Mr. Ofer Druker serves as Chief Executive Officer and Executive Director of Tremor International Ltd (formerly known as Taptica International Ltd.) since April 2, 2019. He joined Tremor International in No...


CEO Compensation Analysis

Compensation vs Market: Ofer's total compensation ($USD6.02M) is above average for companies of similar size in the UK market ($USD1.03M).

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


Leadership Team

Experienced Management: TRMR's management team is considered experienced (2.2 years average tenure).


Board Members

Experienced Board: TRMR's board of directors are not considered experienced ( 1.5 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: TRMR insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 15.2%.


Top Shareholders

Company Information

Tremor International Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Tremor International Ltd
  • Ticker: TRMR
  • Exchange: AIM
  • Founded: 2007
  • Industry: Advertising
  • Sector: Media
  • Market Cap: UK£861.889m
  • Shares outstanding: 153.36m
  • Website: https://www.tremorinternational.com

Number of Employees


Location

  • Tremor International Ltd
  • 82 Yigal Alon Street
  • 13th Floor
  • Tel Aviv
  • 6789124
  • Israel

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/28 19:00
End of Day Share Price2021/11/26 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.