NasdaqGS:MTCH

Stock Analysis Report

Executive Summary

Match Group, Inc. provides dating products worldwide.

Snowflake

Fundamentals

High growth potential with acceptable track record.


Similar Companies

Share Price & News

How has Match Group's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.9%

MTCH

4.0%

US Interactive Media and Services

3.4%

US Market


1 Year Return

32.0%

MTCH

8.5%

US Interactive Media and Services

5.4%

US Market

Return vs Industry: MTCH exceeded the US Interactive Media and Services industry which returned 8.5% over the past year.

Return vs Market: MTCH exceeded the US Market which returned 5.4% over the past year.


Shareholder returns

MTCHIndustryMarket
7 Day-0.9%4.0%3.4%
30 Day-1.8%-0.5%-1.0%
90 Day-1.6%1.1%-0.4%
1 Year38.7%32.0%8.6%8.5%7.7%5.4%
3 Year310.7%290.9%44.3%44.3%46.2%36.8%
5 Yearn/a96.7%96.6%65.6%47.5%

Price Volatility Vs. Market

How volatile is Match Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Match Group undervalued compared to its fair value and its price relative to the market?

21.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: MTCH ($75.25) is trading below our estimate of fair value ($95.43)

Significantly Undervalued: MTCH is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: MTCH is poor value based on its PE Ratio (42.3x) compared to the Interactive Media and Services industry average (30.4x).

PE vs Market: MTCH is poor value based on its PE Ratio (42.3x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

Low PEG Ratio: MTCH is poor value based on its PEG Ratio (1.9x)


Price to Book Ratio

PB vs Industry: MTCH is overvalued based on its PB Ratio (100.9x) compared to the US Interactive Media and Services industry average (3.2x).


Next Steps

Future Growth

How is Match Group forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?

22.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MTCH's forecast earnings growth (22.1% per year) is above the savings rate (2.7%).

Earnings vs Market: MTCH's earnings (22.1% per year) are forecast to grow faster than the US market (14.3% per year).

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

Revenue vs Market: MTCH's revenue (15.9% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: MTCH's revenue (15.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: MTCH's Return on Equity is forecast to be very high in 3 years time (61%).


Next Steps

Past Performance

How has Match Group performed over the past 5 years?

36.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: MTCH's earnings have grown significantly by 36% per year over the past 5 years.

Accelerating Growth: MTCH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MTCH had negative earnings growth (-2.9%) over the past year, making it difficult to compare to the Interactive Media and Services industry average (12.3%).


Return on Equity

High ROE: Whilst MTCH's Return on Equity (233.67%) is outstanding, this metric is skewed due to their high level of debt.


Return on Assets

ROA vs Industry: MTCH has a higher Return on Assets than the Interactive Media and Services industry average last year.


Return on Capital Employed

ROCE Improving: MTCH has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Match Group's financial position?


Financial Position Analysis

Short Term Liabilities: MTCH's short term assets ($505.1M) exceeds its short term liabilities ($383.4M)

Long Term Liabilities: MTCH's short term assets (505.1M) do not cover its long term liabilities (1.7B)


Debt to Equity History and Analysis

Debt Level: MTCH's debt to equity ratio (759.7%) is considered high

Reducing Debt: MTCH's debt to equity ratio has increased from 15.8% to 759.7% over the past 5 years.

Debt Coverage: MTCH's debt is well covered by operating cash flow (37%).

Interest Coverage: MTCH's interest payments on its debt are well covered by EBIT (7.4x coverage).


Balance Sheet

Inventory Level: MTCH has a low level of unsold assets or inventory.

Debt Coverage by Assets: MTCH's debt is not covered by short term assets (assets are 0.3x debt).


Next Steps

Dividend

What is Match Group's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage0.4%forecastin3Years0%

Current dividend yield vs market & industry


Stability and Growth of Payments

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

High Dividend: Unable to evaluate MTCH's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if MTCH's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MTCH'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 MTCH's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Match Group's salary, the management and board of directors tenure and is there insider trading?

1.9yrs

Average management tenure


CEO

Mandy Ginsberg (50yo)

1.8yrs

Tenure

US$2,508,250

Compensation

Ms. Amanda W. Ginsberg, also known as Mandy, has been the Chief Executive Officer and Director of Match Group, Inc. since December 2017. Prior to that time, she served as Chief Executive Officer of Match G ...


CEO Compensation Analysis

Compensation vs. Market: Mandy has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.

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


Management Age and Tenure

1.9yrs

Average Tenure

48.5yo

Average Age

Experienced Management: MTCH's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Age and Tenure

3.9yrs

Average Tenure

50.5yo

Average Age

Experienced Board: MTCH's board of directors are considered experienced (3.9 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellUS$449,64807 Jun 19
Ann McDaniel
EntityIndividual
Role
Member of the Board of Directors
Director
Shares6,400
Max PriceUS$70.26
SellUS$2,291,09615 Feb 19
Sharmistha Dubey
EntityIndividual
Role
Member of the Board of Directors
President & Director
Shares39,773
Max PriceUS$57.60
SellUS$5,255,87413 Feb 19
Sharmistha Dubey
EntityIndividual
Role
Member of the Board of Directors
President & Director
Shares91,170
Max PriceUS$58.06

Ownership Breakdown


Management Team

  • Mandy Ginsberg (50yo)

    CEO & Director

    • Tenure: 1.8yrs
    • Compensation: US$2.51m
  • Alex Lubot (46yo)

    Chief Executive Officer of Match Group EMEA & Asia-Pacific

    • Tenure: 3.8yrs
  • Shar Dubey (48yo)

    President & Director

    • Tenure: 0.08yrs
    • Compensation: US$14.06m
  • Gary Swidler (49yo)

    Chief Financial Officer

    • Tenure: 4.1yrs
    • Compensation: US$3.66m
  • Phil Eigenmann (49yo)

    Chief Accounting Officer

    • Tenure: 1.9yrs
  • Navin Ramachandran

    Chief Operating Officer and Chief Executive Officer of Match Group Asia & Latin America

    • Tenure: 0yrs
  • Ayesha Gilarde

    Chief Marketing Officer

    • Tenure: 0yrs
  • Jared Sine (40yo)

    Chief Legal Officer & Secretary

    • Tenure: 3.3yrs
    • Compensation: US$1.86m
  • Lance Barton

    Senior Vice President of Investor Relations & Corporate Development

    • Tenure: 0yrs
  • Thomas Gaissmaier

    Chief Human Resources Officer

    • Tenure: 0.08yrs

Board Members

  • Tom McInerney (55yo)

    Non-Executive Director

    • Tenure: 3.9yrs
    • Compensation: US$310.00k
  • Alan Spoon (68yo)

    Non-Executive Director

    • Tenure: 3.9yrs
    • Compensation: US$330.00k
  • Ann McDaniel (63yo)

    Director

    • Tenure: 3.8yrs
    • Compensation: US$325.00k
  • Pamela Seymon (64yo)

    Non-Executive Director

    • Tenure: 3.9yrs
    • Compensation: US$315.00k
  • Glenn Schiffman (49yo)

    Director

    • Tenure: 3.1yrs
  • Mark Stein (51yo)

    Non-Executive Director

    • Tenure: 3.9yrs
  • Joey Levin (40yo)

    Chairman of the Board

    • Tenure: 1.8yrs
  • Mandy Ginsberg (50yo)

    CEO & Director

    • Tenure: 1.8yrs
    • Compensation: US$2.51m
  • Gregg Winiarski (48yo)

    Director

    • Tenure: 4yrs
  • Shar Dubey (48yo)

    President & Director

    • Tenure: 0.08yrs
    • Compensation: US$14.06m

Company Information

Match Group, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Match Group, Inc.
  • Ticker: MTCH
  • Exchange: NasdaqGS
  • Founded: 2009
  • Industry: Interactive Media and Services
  • Sector: Media
  • Market Cap: US$21.144b
  • Shares outstanding: 280.98m
  • Website: https://www.mtch.com

Number of Employees


Location

  • Match Group, Inc.
  • 8750 North Central Expressway
  • Suite 1400
  • Dallas
  • Texas
  • 75231
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MTCHNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDNov 2015
4MGDB (Deutsche Boerse AG)YesCommon StockDEEURNov 2015
MTCH *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNNov 2015
0JZ7LSE (London Stock Exchange)YesCommon StockGBUSDNov 2015
MTCHWBAG (Wiener Boerse AG)YesCommon StockATEURNov 2015

Biography

Match Group, Inc. provides dating products worldwide. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs, and Hinge, as well as other brands. Match Gr ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 00:37
End of Day Share Price2019/10/15 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.