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MCHX

Marchex NasdaqGS:MCHX Stock Report

Last Price

US$1.83

Market Cap

US$75.7m

7D

-4.7%

1Y

-39.8%

Updated

25 Sep, 2022

Data

Company Financials +
MCHX fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

MCHX Stock Overview

Marchex, Inc. operates as an analytics and solutions company that helps businesses connect, drive, measure, and convert callers into customers in the United States and Canada.

Marchex Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Marchex
Historical stock prices
Current Share PriceUS$1.83
52 Week HighUS$3.63
52 Week LowUS$1.23
Beta2.18
1 Month Change-15.28%
3 Month Change37.08%
1 Year Change-39.80%
3 Year Change-42.99%
5 Year Change-40.78%
Change since IPO-79.39%

Recent News & Updates

Sep 15
We're Hopeful That Marchex (NASDAQ:MCHX) Will Use Its Cash Wisely

We're Hopeful That Marchex (NASDAQ:MCHX) Will Use Its Cash Wisely

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...

Shareholder Returns

MCHXUS MediaUS Market
7D-4.7%-9.2%-5.2%
1Y-39.8%-45.2%-23.0%

Return vs Industry: MCHX exceeded the US Media industry which returned -45.3% over the past year.

Return vs Market: MCHX underperformed the US Market which returned -23.1% over the past year.

Price Volatility

Is MCHX's price volatile compared to industry and market?
MCHX volatility
MCHX Average Weekly Movement8.3%
Media Industry Average Movement7.2%
Market Average Movement6.9%
10% most volatile stocks in US Market15.8%
10% least volatile stocks in US Market2.8%

Stable Share Price: MCHX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: MCHX's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2003187Russell Horowitzhttps://www.marchex.com

Marchex, Inc. operates as an analytics and solutions company that helps businesses connect, drive, measure, and convert callers into customers in the United States and Canada. Its products include Marchex Call Analytics, an analytics platform for enterprises, which depend on inbound phone calls to drive sales, appointments, and reservations; Marchex Call Analytics, Conversation Edition that enable actionable insights for enterprise, mid-sized, and small businesses; Text Analytics and Communications, a solution for intelligent mobile messaging, which enables sales, marketing, and operations teams in businesses to engage in two-way communications with field staff, prospects, and customers through text/SMS messages; Call Monitoring for call recording; and Marchex Marketing Edge, an analytics solution for marketers in enterprise, mid-sized and small businesses that depend on inbound phone calls to drive sales, appointments and reservations. The company’s Marchex Sales Engagement products comprise Marchex Engage, which combines Marchex artificial intelligence and machine learning with call monitoring and scoring services; Marchex Spotlight, a product for corporate and regional managers; Marchex Engage for Automotive; and Marchex Platform Services that allows businesses to add Marchex conversation intelligence to their existing workflows and enabling them to decode what happens in their conversations with customers.

Marchex Fundamentals Summary

How do Marchex's earnings and revenue compare to its market cap?
MCHX fundamental statistics
Market CapUS$75.70m
Earnings (TTM)-US$1.83m
Revenue (TTM)US$53.17m

1.4x

P/S Ratio

-41.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MCHX income statement (TTM)
RevenueUS$53.17m
Cost of RevenueUS$20.61m
Gross ProfitUS$32.56m
Other ExpensesUS$34.40m
Earnings-US$1.83m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.044
Gross Margin61.24%
Net Profit Margin-3.45%
Debt/Equity Ratio0%

How did MCHX perform over the long term?

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

Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

MCHX 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/Revenue1x
Enterprise Value/EBITDA-24.9x
PEG Ration/a

Price to Sales Ratio vs Peers

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

MCHX PS Ratio vs Peers
The above table shows the PS ratio for MCHX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average4.4x
HHS Harte Hanks
0.4x4.7%US$73.5m
STBX Starbox Group Holdings
16.2xn/aUS$96.6m
TC TuanChe
0.9xn/aUS$46.5m
DMS Digital Media Solutions
0.2x13.8%US$121.9m
MCHX Marchex
1.4x5.9%US$75.7m

Price-To-Sales vs Peers: MCHX is good value based on its Price-To-Sales Ratio (1.4x) compared to the peer average (4.4x).


Price to Earnings Ratio vs Industry

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

Price-To-Sales vs Industry: MCHX is expensive based on its Price-To-Sales Ratio (1.4x) compared to the US Media industry average (0.9x)


Price to Sales Ratio vs Fair Ratio

What is MCHX'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.

MCHX PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.4x
Fair PS Ratio0.9x

Price-To-Sales vs Fair Ratio: MCHX is expensive based on its Price-To-Sales Ratio (1.4x) compared to the estimated Fair Price-To-Sales Ratio (0.9x).


Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate MCHX's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate MCHX's fair value for valuation analysis.


Analyst Price Targets

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

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


Discover undervalued companies

Future Growth

How is Marchex forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-47.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MCHX is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: MCHX is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: MCHX is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: MCHX's revenue (5.9% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: MCHX's revenue (5.9% 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 MCHX's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has Marchex performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-12.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MCHX is currently unprofitable.

Growing Profit Margin: MCHX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MCHX is unprofitable, and losses have increased over the past 5 years at a rate of 12.6% per year.

Accelerating Growth: Unable to compare MCHX's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MCHX is unprofitable, making it difficult to compare its past year earnings growth to the Media industry (12.6%).


Return on Equity

High ROE: MCHX has a negative Return on Equity (-3.68%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Marchex's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: MCHX's short term assets ($35.5M) exceed its short term liabilities ($12.5M).

Long Term Liabilities: MCHX's short term assets ($35.5M) exceed its long term liabilities ($701.0K).


Debt to Equity History and Analysis

Debt Level: MCHX is debt free.

Reducing Debt: MCHX had no debt 5 years ago.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: MCHX has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: MCHX has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 27.7% each year


Discover healthy companies

Dividend

What is Marchex 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

  • Cash Flow Coverage

Dividend Yield vs Market

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

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

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


Earnings Payout to Shareholders

Earnings Coverage: MCHX is not paying a notable dividend for the US market.


Cash Payout to Shareholders

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


Discover strong dividend paying companies

Management

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

2.8yrs

Average management tenure


CEO

Russell Horowitz (55 yo)

2.5yrs

Tenure

US$1,014,009

Compensation

Mr. Russell C. Horowitz serves as Co-Chief Executive Officer at Marchex, Inc since March 2020. He has been Chief Executive Officer at Archeo, Inc. since November 16, 2012 and its Chairman since October 18,...


CEO Compensation Analysis

Compensation vs Market: Russell's total compensation ($USD1.01M) is about average for companies of similar size in the US market ($USD780.01K).

Compensation vs Earnings: Russell's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: MCHX's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: MCHX's board of directors are considered experienced (9.5 years average tenure).


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

NasdaqGS:MCHX Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
23 Jun 22BuyUS$13,326Edenbrook Capital Partners, LLCCompany10,296US$1.32
22 Nov 21BuyUS$1,996,785Edenbrook Capital Partners, LLCCompany798,714US$2.50
10 Nov 21BuyUS$61,678Edenbrook Capital Partners, LLCCompany22,412US$2.75

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.4%.


Top Shareholders

Top 25 shareholders own 77.96% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
35.14%
Edenbrook Capital Partners, LLC
14,534,930$26.6m0%10.18%
11.27%
MARRCH Investments, LLC
4,660,927$8.5m0%no data
7.29%
B. Riley Capital Management, LLC
3,017,496$5.5m0%0.34%
4.81%
Renaissance Technologies LLC
1,987,898$3.6m-1.45%no data
2.94%
Michael Arends
1,217,729$2.2m0.08%no data
2.35%
The Vanguard Group, Inc.
973,023$1.8m0%no data
2.04%
Russell Horowitz
843,918$1.5m0%no data
1.84%
Heartland Advisors, Inc.
761,036$1.4m-9.37%0.1%
1.66%
Acadian Asset Management LLC
685,228$1.3m-0.29%no data
1.61%
BlackRock, Inc.
666,938$1.2m-5.8%no data
1.21%
P.A.W. Capital Partners, LP
500,000$915.0k0%1.37%
1.02%
First Eagle Investment Management, LLC
420,592$769.7k24.33%no data
0.91%
John Roswech
375,000$686.3k0%no data
0.7%
M. Wisehart
291,145$532.8k-9.34%no data
0.65%
Geode Capital Management, LLC
270,905$495.8k0.58%no data
0.47%
Ryan Polley
195,000$356.9k0%no data
0.45%
Dimensional Fund Advisors LP
186,108$340.6k-5.38%no data
0.33%
State Street Global Advisors, Inc.
136,696$250.2k0%no data
0.26%
Dennis Cline
106,760$195.4k0%no data
0.25%
Bridgeway Capital Management, LLC
104,600$191.4k-26.34%no data
0.18%
PEH Wertpapier AG
75,300$137.8k0%0.01%
0.18%
Northern Trust Global Investments
74,150$135.7k0.62%no data
0.15%
Donald Cogsville
60,623$110.9k0%no data
0.14%
Goldman Sachs Group, Investment Banking and Securities Investments
59,093$108.1k-3.52%no data
0.11%
Morgan Stanley, Investment Banking and Brokerage Investments
44,289$81.0k-16.39%no data

Company Information

Marchex, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Marchex, Inc.
  • Ticker: MCHX
  • Exchange: NasdaqGS
  • Founded: 2003
  • Industry: Advertising
  • Sector: Media
  • Implied Market Cap: US$75.705m
  • Shares outstanding: 41.37m
  • Website: https://www.marchex.com

Number of Employees


Location

  • Marchex, Inc.
  • 520 Pike Street
  • Suite 2000
  • Seattle
  • Washington
  • 98101
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MCHXNasdaqGS (Nasdaq Global Select)YesClass B Common StockUSUSDMar 2004
NHMDB (Deutsche Boerse AG)YesClass B Common StockDEEURMar 2004

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/25 00:00
End of Day Share Price2022/09/23 00:00
Earnings2022/06/30
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.