| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 1/6 |
| Past Performance | 3/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
CRTO Overview
Criteo S.A., a technology company, provides marketing and monetization services on the open Internet in North and South America, Europe, the Middle East, and Africa, and the Asia-Pacific.
Criteo Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$33.59 |
| 52 Week High | US$12.56 |
| 52 Week Low | US$46.65 |
| Beta | 1.07 |
| 1 Month Change | -5.03% |
| 3 Month Change | -15.82% |
| 1 Year Change | 142.88% |
| 3 Year Change | 63.77% |
| 5 Year Change | -8.75% |
| Change since IPO | -5.09% |
Recent News & Updates
Criteo (NASDAQ:CRTO) Seems To Use Debt Rather Sparingly
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Investors Met With Slowing Returns on Capital At Criteo (NASDAQ:CRTO)
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...
Criteo: The Turnaround Story Has Legs
The Criteo turnaround is shaping up well, with ample growth opportunities ahead of it as it pushes for a $100bn mid-term TAM. New management has also laid out some promising initiatives in the pipeline, which should pay off over time. The stock has outperformed but may still have legs given it trades below similar turnaround comp, Nielsen.
Criteo partners with Carrefour Group
Criteo ([[CRTO]] +0.2%) signs a three-year partnership with Carrefour Group, one of the world's leading food retailers.Carrefour becomes the first European food retailer to use Criteo's new programmatic platform for retail media allowing Carrefour to market its inventories.Company's Retail Media platform to be deployed first in France.Partnership also includes a deployment in 8 other integrated countries of the Carrefour Group."In terms of e-commerce, we reached a milestone in 2020: our online sales increased by 70%. To further capitalize on this progress,
Shareholder Returns
| CRTO | US Media | US Market | |
|---|---|---|---|
| 7D | -9.9% | 1.1% | 1.7% |
| 1Y | 142.9% | 28.9% | 30.3% |
Return vs Industry: CRTO exceeded the US Media industry which returned 28.9% over the past year.
Return vs Market: CRTO exceeded the US Market which returned 30.3% over the past year.
Price Volatility
| CRTO volatility | |
|---|---|
| CRTO Beta | 1.07 |
| Industry Beta | 1.16 |
| Market Beta | 1 |
Stable Share Price: CRTO is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: CRTO's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2005 | 2,594 | Megan Clarken | https://www.criteo.com |
Criteo S.A., a technology company, provides marketing and monetization services on the open Internet in North and South America, Europe, the Middle East, and Africa, and the Asia-Pacific. The company’s Criteo Shopper Graph, which derives clients' proprietary commerce data, such as transaction activity on their digital properties. Its Criteo AI Engine solutions include lookalike finder, recommendation, and predictive bidding algorithms; bidding engine that executes campaigns based on certain objectives set by its clients; dynamic creative optimization+, which assembles customized creative advertising content by optimizing each individual creative component in the advertisement; software systems and processes, which enable data synchronization, storage, and analysis of distributed computing infrastructure in various geographies; and experimentation platform, an offline/online testing platform to enhance the capabilities and effectiveness of prediction models.
Criteo Fundamentals Summary
| CRTO fundamental statistics | |
|---|---|
| Market Cap | US$2.05b |
| Earnings (TTM) | US$87.71m |
| Revenue (TTM) | US$2.22b |
23.4x
P/E Ratio0.9x
P/S RatioIs CRTO overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CRTO income statement (TTM) | |
|---|---|
| Revenue | US$2.22b |
| Cost of Revenue | US$1.49b |
| Gross Profit | US$731.38m |
| Expenses | US$643.66m |
| Earnings | US$87.71m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Nov 03, 2021
| Earnings per share (EPS) | 1.44 |
| Gross Margin | 32.89% |
| Net Profit Margin | 3.94% |
| Debt/Equity Ratio | 0.3% |
How did CRTO perform over the long term?
See historical performance and comparisonValuation
Is Criteo 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: CRTO ($33.59) is trading below our estimate of fair value ($101.7)
Significantly Below Fair Value: CRTO is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CRTO is poor value based on its PE Ratio (23.4x) compared to the US Media industry average (15.1x).
PE vs Market: CRTO is poor value based on its PE Ratio (23.4x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: CRTO is poor value based on its PEG Ratio (2.1x)
Price to Book Ratio
PB vs Industry: CRTO is good value based on its PB Ratio (1.8x) compared to the US Media industry average (2.2x).
Future Growth
How is Criteo forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
11.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CRTO's forecast earnings growth (11.2% per year) is above the savings rate (2%).
Earnings vs Market: CRTO's earnings (11.2% per year) are forecast to grow slower than the US market (14.7% per year).
High Growth Earnings: CRTO's earnings are forecast to grow, but not significantly.
Revenue vs Market: CRTO's revenue is expected to decline over the next 3 years (-4.8% per year).
High Growth Revenue: CRTO's revenue is forecast to decline over the next 3 years (-4.8% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CRTO's Return on Equity is forecast to be low in 3 years time (9.4%).
Past Performance
How has Criteo performed over the past 5 years?
0.0005%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CRTO has a large one-off loss of $52.4M impacting its June 30 2021 financial results.
Growing Profit Margin: CRTO's current net profit margins (3.9%) are higher than last year (3.9%).
Past Earnings Growth Analysis
Earnings Trend: CRTO's earnings have grown by 0% per year over the past 5 years.
Accelerating Growth: CRTO's earnings growth over the past year (7%) exceeds its 5-year average (0% per year).
Earnings vs Industry: CRTO earnings growth over the past year (7%) underperformed the Media industry 96.3%.
Return on Equity
High ROE: CRTO's Return on Equity (7.8%) is considered low.
Financial Health
How is Criteo's financial position?
Financial Position Analysis
Short Term Liabilities: CRTO's short term assets ($1.1B) exceed its short term liabilities ($556.7M).
Long Term Liabilities: CRTO's short term assets ($1.1B) exceed its long term liabilities ($127.6M).
Debt to Equity History and Analysis
Debt Level: CRTO's debt to equity ratio (0.3%) is considered satisfactory.
Reducing Debt: CRTO had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: CRTO's debt is well covered by operating cash flow (5535.8%).
Interest Coverage: CRTO's interest payments on its debt are well covered by EBIT (146x coverage).
Balance Sheet
Dividend
What is Criteo current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CRTO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CRTO'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 CRTO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CRTO'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 CRTO's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.0yrs
Average management tenure
CEO
Megan Clarken (54 yo)
1.92yrs
Tenure
US$1,439,900
Compensation
Ms. Megan Clarken serves as Chief Executive Officer at Criteo S.A. since November 25, 2019 and serves as its Director since August 27, 2020. She served as Chief Commercial Officer for Nielsen Global Media...
CEO Compensation Analysis
Compensation vs Market: Megan's total compensation ($USD1.44M) is below average for companies of similar size in the US market ($USD3.49M).
Compensation vs Earnings: Megan's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: CRTO's management team is considered experienced (2 years average tenure).
Board Members
Experienced Board: CRTO'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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Criteo S.A.'s employee growth, exchange listings and data sources
Key Information
- Name: Criteo S.A.
- Ticker: CRTO
- Exchange: NasdaqGS
- Founded: 2005
- Industry: Advertising
- Sector: Media
- Market Cap: US$2.049b
- Shares outstanding: 61.01m
- Website: https://www.criteo.com
Number of Employees
Location
- Criteo S.A.
- 32, rue Blanche
- Paris
- Ile-de-France
- 75009
- France
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/24 22:09 |
| End of Day Share Price | 2021/10/22 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.