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ADE

Adevinta OB:ADE Stock Report

Last Price

kr76.55

Market Cap

kr93.2b

7D

16.7%

1Y

-55.2%

Updated

25 Jun, 2022

Data

Company Financials +
ADE fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance2/6
Financial Health4/6
Dividends0/6

ADE Stock Overview

Adevinta ASA owns and operates online classifieds sites.

Adevinta Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Adevinta
Historical stock prices
Current Share Pricekr76.55
52 Week Highkr190.20
52 Week Lowkr55.15
Beta0.52
1 Month Change14.85%
3 Month Change-10.11%
1 Year Change-55.20%
3 Year Change-18.56%
5 Year Changen/a
Change since IPO-14.08%

Recent News & Updates

Apr 28
Are Investors Undervaluing Adevinta ASA (OB:ADE) By 27%?

Are Investors Undervaluing Adevinta ASA (OB:ADE) By 27%?

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Adevinta ASA ( OB:ADE...

Shareholder Returns

ADENO Interactive Media and ServicesNO Market
7D16.7%7.3%-3.4%
1Y-55.2%-42.6%3.2%

Return vs Industry: ADE underperformed the Norwegian Interactive Media and Services industry which returned -42.6% over the past year.

Return vs Market: ADE underperformed the Norwegian Market which returned 3.2% over the past year.

Price Volatility

Is ADE's price volatile compared to industry and market?
ADE volatility
ADE Average Weekly Movement11.0%
Interactive Media and Services Industry Average Movement7.1%
Market Average Movement7.2%
10% most volatile stocks in NO Market12.8%
10% least volatile stocks in NO Market3.9%

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

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

About the Company

FoundedEmployeesCEOWebsite
20188,100Rolv Erik Ryssdalhttps://www.adevinta.com

Adevinta ASA owns and operates online classifieds sites. The company’s products and services include generalist classifieds, specialist real estate, motors, and jobs sites. It operates various online classifieds sites under the Adverts.ie, Agriaffaires, A Vendre a Louer, Autónavigátor.hu, Automobile.it, Autotrader, carsguide, coches.net, daft.ie, 2dehands/2ememain, DoneDeal, eBay Kleinanzeigen, Fotocasa, Grupo Zap, Groupe Argus, Gumtree, Habitaclia, Használtautó

Adevinta Fundamentals Summary

How do Adevinta's earnings and revenue compare to its market cap?
ADE fundamental statistics
Market Cap€8.95b
Earnings (TTM)€51.00m
Revenue (TTM)€1.34b

175.5x

P/E Ratio

6.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ADE income statement (TTM)
Revenue€1.34b
Cost of Revenue€419.00m
Gross Profit€925.00m
Other Expenses€874.00m
Earnings€51.00m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 30, 2022

Earnings per share (EPS)0.042
Gross Margin68.82%
Net Profit Margin3.79%
Debt/Equity Ratio22.8%

How did ADE perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is ADE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ADE?

Other financial metrics that can be useful for relative valuation.

ADE key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue8.3x
Enterprise Value/EBITDA35.7x
PEG Ratio5.4x

Price to Sales Ratio vs Peers

How does ADE's PS Ratio compare to its peers?

ADE PS Ratio vs Peers
The above table shows the PS ratio for ADE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average12x

Price-To-Sales vs Peers: ADE is good value based on its Price-To-Sales Ratio (6.7x) compared to the peer average (12x).


Price to Earnings Ratio vs Industry

How does ADE's PE Ratio compare vs other companies in the Interactive Media and Services Industry?

Price-To-Sales vs Industry: ADE is expensive based on its Price-To-Sales Ratio (6.7x) compared to the European Interactive Media and Services industry average (2.9x)


Price to Sales Ratio vs Fair Ratio

What is ADE's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ADE PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio6.7x
Fair PS Ratio9.5x

Price-To-Sales vs Fair Ratio: ADE is good value based on its Price-To-Sales Ratio (6.7x) compared to the estimated Fair Price-To-Sales Ratio (9.5x).


Share Price vs Fair Value

What is the Fair Price of ADE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ADE (NOK76.55) is trading below our estimate of fair value (NOK114.1)

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


Price to Earnings Growth Ratio

PEG Ratio: ADE is poor value based on its PEG Ratio (5.4x)


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Future Growth

How is Adevinta forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


32.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ADE's forecast earnings growth (32.8% per year) is above the savings rate (1.1%).

Earnings vs Market: ADE's earnings (32.8% per year) are forecast to grow faster than the Norwegian market (1.6% per year).

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

Revenue vs Market: ADE's revenue (11.5% per year) is forecast to grow faster than the Norwegian market (0.3% per year).

High Growth Revenue: ADE's revenue (11.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ADE's Return on Equity is forecast to be low in 3 years time (3.8%).


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Past Performance

How has Adevinta performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-65.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ADE has a large one-off loss of €107.0M impacting its March 31 2022 financial results.

Growing Profit Margin: ADE became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: ADE has become profitable over the past 5 years, growing earnings by -65.7% per year.

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

Earnings vs Industry: ADE has become profitable in the last year, making it difficult to compare its past year earnings growth to the Interactive Media and Services industry (47%).


Return on Equity

High ROE: ADE's Return on Equity (0.6%) is considered low.


Discover strong past performing companies

Financial Health

How is Adevinta's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ADE's short term assets (€499.0M) exceed its short term liabilities (€455.0M).

Long Term Liabilities: ADE's short term assets (€499.0M) do not cover its long term liabilities (€3.3B).


Debt to Equity History and Analysis

Debt Level: ADE's net debt to equity ratio (21.7%) is considered satisfactory.

Reducing Debt: ADE's debt to equity ratio has reduced from 35.5% to 22.8% over the past 5 years.

Debt Coverage: ADE's debt is not well covered by operating cash flow (7.7%).

Interest Coverage: ADE's interest payments on its debt are well covered by EBIT (3.9x coverage).


Balance Sheet


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Dividend

What is Adevinta current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


0.49%

Forecast Dividend Yield

Dividend Yield vs Market

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

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

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


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ADE has not reported any payouts.


Discover strong dividend paying companies

Management

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

1.0yrs

Average management tenure


CEO

Rolv Erik Ryssdal (59 yo)

no data

Tenure

€1,582,000

Compensation

Mr. Rolv Erik Ryssdal serves as the Chief Executive Officer of Adevinta ASA (formerly known as Marketplaces International ASA). Mr. Ryssdal serves as the Chief Executive Officer at Schibsted Forlag AS. He...


CEO Compensation Analysis

Compensation vs Market: Rolv's total compensation ($USD1.67M) is above average for companies of similar size in the Norwegian market ($USD1.06M).

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


Leadership Team

Experienced Management: ADE's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

Experienced Board: ADE's board of directors are not considered experienced ( 1 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: ADE insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Adevinta ASA's employee growth, exchange listings and data sources


Key Information

  • Name: Adevinta ASA
  • Ticker: ADE
  • Exchange: OB
  • Founded: 2018
  • Industry: Interactive Media and Services
  • Sector: Media
  • Implied Market Cap: kr93.167b
  • Shares outstanding: 1.22b
  • Website: https://www.adevinta.com

Number of Employees


Location

  • Adevinta ASA
  • Grensen 5
  • Oslo
  • Oslo
  • 159
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/25 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.