AdTheorent Holding Company, Inc.

NasdaqCM:ADTH Stock Report

Market Cap: US$294.1m

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

AdTheorent Holding Company Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: ADTH ($3.2) is trading below our estimate of fair value ($7.24)

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

Key Valuation Metric

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

Key metric: As ADTH is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for ADTH. This is calculated by dividing ADTH's market cap by their current revenue.
What is ADTH's PS Ratio?
PS Ratio1.7x
SalesUS$172.99m
Market CapUS$294.06m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for ADTH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average7x
VADP Vado
0.3xn/aUS$5.3m
GOAI Eva Live
24.2xn/aUS$210.0m
CDLX Cardlytics
0.5x2.2%US$159.1m
CTV Innovid
3x9.0%US$454.6m
ADTH AdTheorent Holding Company
1.7x10.5%US$294.1m

Price-To-Sales vs Peers: ADTH is good value based on its Price-To-Sales Ratio (1.7x) compared to the peer average (18.4x).

Price to Sales Ratio vs Industry

How does ADTH's PS Ratio compare vs other companies in the US Media Industry?

42 CompaniesPrice / SalesEstimated GrowthMarket Cap
PARA Paramount Global
0.2x1.6%US$7.47b
DISH DISH Network
0.2x-1.3%US$3.08b
STGW Stagwell
0.3x5.0%US$1.58b
ATUS Altice USA
0.1x-2.3%US$1.11b
ADTH 1.7xIndustry Avg. 0.7xNo. of Companies42PS01.63.24.86.48+
42 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: ADTH is expensive based on its Price-To-Sales Ratio (1.7x) compared to the US Media industry average (0.9x).

Price to Sales Ratio vs Fair Ratio

What is ADTH'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.

ADTH PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.7x
Fair PS Ratio0.9x

Price-To-Sales vs Fair Ratio: ADTH is expensive based on its Price-To-Sales Ratio (1.7x) compared to the estimated Fair Price-To-Sales Ratio (0.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ADTH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
US$5.58
0%
18.0%US$7.00US$4.75n/a3
Jan ’26n/a
US$5.58
0%
18.0%US$7.00US$4.75n/a3
Dec ’25n/a
US$5.58
0%
18.0%US$7.00US$4.75n/a3
Nov ’25n/a
US$5.58
0%
18.0%US$7.00US$4.75n/a3
Oct ’25n/a
US$5.58
0%
18.0%US$7.00US$4.75n/a3
Sep ’25n/a
US$5.58
0%
18.0%US$7.00US$4.75n/a3
Aug ’25n/a
US$5.58
0%
18.0%US$7.00US$4.75n/a3
Jul ’25US$3.20
US$5.58
+74.5%
18.0%US$7.00US$4.75n/a3
Jun ’25US$3.19
US$5.58
+75.0%
18.0%US$7.00US$4.75n/a3
May ’25US$3.24
US$5.13
+58.4%
23.0%US$7.00US$3.75n/a4
Apr ’25US$3.28
US$5.13
+56.3%
23.0%US$7.00US$3.75n/a4
Mar ’25US$3.05
US$4.20
+37.7%
27.8%US$6.00US$3.00n/a5
Feb ’25US$2.75
US$4.20
+52.7%
27.8%US$6.00US$3.00n/a5
Jan ’25US$1.45
US$3.79
+161.5%
36.2%US$6.00US$2.00n/a6
Dec ’24US$1.37
US$3.79
+176.8%
36.2%US$6.00US$2.00n/a6
Nov ’24US$1.21
US$3.95
+226.4%
33.1%US$6.00US$2.75n/a5
Oct ’24US$1.29
US$3.95
+206.2%
33.1%US$6.00US$2.75n/a5
Sep ’24US$1.35
US$3.95
+192.6%
33.1%US$6.00US$2.75n/a5
Aug ’24US$1.61
US$3.95
+145.3%
33.1%US$6.00US$2.75n/a5
Jul ’24US$1.40
US$3.95
+182.1%
33.1%US$6.00US$2.75US$3.205
Jun ’24US$1.80
US$3.54
+96.8%
42.4%US$6.00US$1.50US$3.196
May ’24US$1.50
US$3.56
+137.2%
41.6%US$6.00US$1.60US$3.246
Apr ’24US$1.69
US$3.56
+110.6%
41.6%US$6.00US$1.60US$3.286
Mar ’24US$1.56
US$3.58
+129.7%
39.8%US$6.00US$2.00US$3.056
Feb ’24US$1.82
US$3.58
+96.9%
39.8%US$6.00US$2.00US$2.756
Jan ’24US$1.66
US$3.75
+125.9%
43.4%US$6.00US$2.00US$1.456
Analyst Price Target
Consensus Narrative from 3 Analysts
US$5.58
Fair Value
42.7% undervalued intrinsic discount
3
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/06/24 07:49
End of Day Share Price 2024/06/24 00:00
Earnings2024/03/31
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

AdTheorent Holding Company, Inc. is covered by 6 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Daniel KurnosBenchmark Company
Nathaniel SchindlerBofA Global Research
Maria RippsCanaccord Genuity