Integral Ad Science Holding Corp.

NasdaqGS:IAS Stock Report

Market Cap: US$1.6b

Integral Ad Science Holding Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: IAS ($10.11) is trading below our estimate of fair value ($37.64)

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

Key Valuation Metric

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

Key metric: As IAS is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for IAS. This is calculated by dividing IAS's market cap by their current earnings.
What is IAS's PE Ratio?
PE Ratio50.3x
EarningsUS$32.69m
Market CapUS$1.64b

Price to Earnings Ratio vs Peers

How does IAS's PE Ratio compare to its peers?

The above table shows the PE ratio for IAS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average93.3x
MGNI Magnite
129x49.3%US$2.2b
IBTA Ibotta
183.3x64.9%US$2.1b
CRTO Criteo
20.1x16.2%US$2.0b
PUBM PubMatic
41.1x-3.2%US$710.8m
IAS Integral Ad Science Holding
50.3x26.6%US$1.6b

Price-To-Earnings vs Peers: IAS is good value based on its Price-To-Earnings Ratio (50.3x) compared to the peer average (115.3x).

Price to Earnings Ratio vs Industry

How does IAS's PE Ratio compare vs other companies in the US Media Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
DISH DISH Network
2.5x-71.9%US$3.08b
GTN Gray Television
3.1x-29.4%US$473.32m
ABLV Able View Global
3.9xn/aUS$36.85m
ANTE AirNet Technology
0.3xn/aUS$7.72m
IAS 50.3xIndustry Avg. 14.8xNo. of Companies7PE01632486480+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: IAS is expensive based on its Price-To-Earnings Ratio (50.3x) compared to the US Media industry average (14.8x).

Price to Earnings Ratio vs Fair Ratio

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

IAS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio50.3x
Fair PE Ratio23.2x

Price-To-Earnings vs Fair Ratio: IAS is expensive based on its Price-To-Earnings Ratio (50.3x) compared to the estimated Fair Price-To-Earnings Ratio (23.2x).

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 IAS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$10.11
US$14.97
+48.1%
9.1%US$18.00US$12.57n/a16
Nov ’25US$11.90
US$15.79
+32.7%
12.8%US$20.00US$12.57n/a16
Oct ’25US$10.55
US$16.00
+51.7%
11.9%US$20.00US$13.00n/a15
Sep ’25US$11.63
US$16.00
+37.6%
11.9%US$20.00US$13.00n/a15
Aug ’25US$9.92
US$15.40
+55.2%
15.3%US$20.00US$12.00n/a15
Jul ’25US$9.71
US$15.63
+60.9%
18.8%US$22.00US$12.00n/a16
Jun ’25US$9.26
US$15.63
+68.7%
18.8%US$22.00US$12.00n/a16
May ’25US$9.71
US$16.62
+71.1%
17.3%US$22.00US$12.00n/a17
Apr ’25US$9.71
US$17.53
+80.6%
13.1%US$22.00US$12.00n/a15
Mar ’25US$10.20
US$18.33
+79.7%
10.7%US$22.00US$16.00n/a15
Feb ’25US$15.00
US$20.67
+37.8%
14.3%US$27.00US$17.00n/a15
Jan ’25US$14.39
US$20.92
+45.4%
14.6%US$27.00US$17.00n/a13
Dec ’24US$14.63
US$20.81
+42.2%
15.3%US$27.00US$16.50n/a13
Nov ’24US$11.36
US$21.65
+90.6%
14.8%US$25.00US$15.00US$11.9013
Oct ’24US$11.89
US$22.35
+87.9%
11.2%US$25.00US$16.00US$10.5513
Sep ’24US$14.31
US$22.88
+59.9%
7.8%US$25.00US$19.00US$11.6312
Aug ’24US$19.54
US$23.05
+17.9%
7.0%US$25.00US$20.00US$9.9211
Jul ’24US$17.98
US$22.06
+22.7%
8.7%US$25.00US$20.00US$9.719
Jun ’24US$19.35
US$19.89
+2.8%
6.5%US$22.00US$17.00US$9.269
May ’24US$15.95
US$16.10
+0.9%
9.8%US$19.00US$14.00US$9.7110
Apr ’24US$14.27
US$15.00
+5.1%
12.6%US$18.00US$11.00US$9.719
Mar ’24US$10.49
US$13.13
+25.1%
12.9%US$15.00US$10.00US$10.208
Feb ’24US$10.32
US$13.13
+27.2%
12.9%US$15.00US$10.00US$15.008
Jan ’24US$8.79
US$12.88
+46.5%
13.7%US$16.00US$10.00US$14.398
Dec ’23US$9.79
US$12.88
+31.5%
13.7%US$16.00US$10.00US$14.638
Nov ’23US$8.34
US$14.13
+69.4%
24.1%US$21.00US$8.00US$11.368

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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