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PERI

Perion Network NasdaqGS:PERI Stock Report

Last Price

US$18.73

Market Cap

US$828.0m

7D

5.1%

1Y

-13.7%

Updated

27 Jun, 2022

Data

Company Financials +
PERI fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance5/6
Financial Health6/6
Dividends0/6

PERI Stock Overview

Perion Network Ltd. provides digital advertising solutions to brands, agencies, and publishers in North America, Europe, and internationally.

Perion Network Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Perion Network
Historical stock prices
Current Share PriceUS$18.73
52 Week HighUS$33.09
52 Week LowUS$16.41
Beta1.29
1 Month Change-4.73%
3 Month Change-20.90%
1 Year Change-13.69%
3 Year Change528.52%
5 Year Change225.17%
Change since IPO-51.79%

Recent News & Updates

Jun 11
Here's Why I Think Perion Network (NASDAQ:PERI) Might Deserve Your Attention Today

Here's Why I Think Perion Network (NASDAQ:PERI) Might Deserve Your Attention Today

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...

Shareholder Returns

PERIUS MediaUS Market
7D5.1%3.1%6.6%
1Y-13.7%-33.0%-18.4%

Return vs Industry: PERI exceeded the US Media industry which returned -33% over the past year.

Return vs Market: PERI exceeded the US Market which returned -18.4% over the past year.

Price Volatility

Is PERI's price volatile compared to industry and market?
PERI volatility
PERI Average Weekly Movement9.0%
Media Industry Average Movement9.0%
Market Average Movement8.1%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market3.2%

Stable Share Price: PERI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: PERI's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1999399Doron Gerstelhttps://www.perion.com

Perion Network Ltd. provides digital advertising solutions to brands, agencies, and publishers in North America, Europe, and internationally. It provides Wildfire, a content monetization platform; search monetization solutions, including website monetization, search mediation, and app monetization; and cross-channel digital advertising software as a service platform. The company also offers supply management platform; demand management platform for campaign planning and design; analytics platform, which provides information and performance insights on the results of campaign investment and other campaign metrics; creative platform to create advertisements; and an AI platform that uses machine learning to bring intelligence to the various phases of campaigns.

Perion Network Fundamentals Summary

How do Perion Network's earnings and revenue compare to its market cap?
PERI fundamental statistics
Market CapUS$828.02m
Earnings (TTM)US$50.87m
Revenue (TTM)US$514.00m

16.4x

P/E Ratio

1.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PERI income statement (TTM)
RevenueUS$514.00m
Cost of RevenueUS$330.51m
Gross ProfitUS$183.49m
Other ExpensesUS$132.62m
EarningsUS$50.87m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.15
Gross Margin35.70%
Net Profit Margin9.90%
Debt/Equity Ratio0%

How did PERI perform over the long term?

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

Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

PERI 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/EBITDA8x
PEG Ratio0.8x

Price to Earnings Ratio vs Peers

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

PERI PE Ratio vs Peers
The above table shows the PE ratio for PERI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average93.4x
PUBM PubMatic
16.6x9.8%US$934.9m
TTGT TechTarget
330.8x37.3%US$2.1b
THRY Thryv Holdings
8.1x-14.2%US$799.0m
ADV Advantage Solutions
18.8x6.0%US$1.4b
PERI Perion Network
16.3x20.6%US$828.0m

Price-To-Earnings vs Peers: PERI is good value based on its Price-To-Earnings Ratio (16.3x) compared to the peer average (93.6x).


Price to Earnings Ratio vs Industry

Price-To-Earnings vs Industry: PERI is expensive based on its Price-To-Earnings Ratio (16.3x) compared to the US Media industry average (13.1x)


Price to Earnings Ratio vs Fair Ratio

What is PERI'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.

PERI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.4x
Fair PE Ratio21.5x

Price-To-Earnings vs Fair Ratio: PERI is good value based on its Price-To-Earnings Ratio (16.3x) compared to the estimated Fair Price-To-Earnings Ratio (21.5x).


Share Price vs Fair Value

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

Below Fair Value: PERI ($18.64) is trading below our estimate of fair value ($75.13)

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


Price to Earnings Growth Ratio

PEG Ratio: PERI is good value based on its PEG Ratio (0.8x)


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Future Growth

How is Perion Network forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


20.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PERI's forecast earnings growth (20.6% per year) is above the savings rate (1.9%).

Earnings vs Market: PERI's earnings (20.6% per year) are forecast to grow faster than the US market (13.9% per year).

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

Revenue vs Market: PERI's revenue (16.1% per year) is forecast to grow faster than the US market (8.4% per year).

High Growth Revenue: PERI's revenue (16.1% 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 PERI's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has Perion Network performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


66.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PERI has high quality earnings.

Growing Profit Margin: PERI's current net profit margins (9.9%) are higher than last year (3.5%).


Past Earnings Growth Analysis

Earnings Trend: PERI has become profitable over the past 5 years, growing earnings by 66.3% per year.

Accelerating Growth: PERI's earnings growth over the past year (317%) exceeds its 5-year average (66.3% per year).

Earnings vs Industry: PERI earnings growth over the past year (317%) exceeded the Media industry 18.8%.


Return on Equity

High ROE: PERI's Return on Equity (10.5%) is considered low.


Discover strong past performing companies

Financial Health

How is Perion Network's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: PERI's short term assets ($436.7M) exceed its short term liabilities ($162.5M).

Long Term Liabilities: PERI's short term assets ($436.7M) exceed its long term liabilities ($51.9M).


Debt to Equity History and Analysis

Debt Level: PERI is debt free.

Reducing Debt: PERI has no debt compared to 5 years ago when its debt to equity ratio was 31.3%.

Debt Coverage: PERI has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: PERI has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Perion Network 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

  • Future Dividend Coverage

Dividend Yield vs Market

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

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

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


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

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


Discover strong dividend paying companies

Management

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

4.0yrs

Average management tenure


CEO

Doron Gerstel (61 yo)

5.17yrs

Tenure

US$2,834,000

Compensation

Mr. Doron Gerstel has been Chief Executive Officer at Perion Network Ltd. since April 2, 2017 and has been its Director since May 2018. He serves as Chief Executive Officer at Undertone Networks Inc. since...


CEO Compensation Analysis

Compensation vs Market: Doron's total compensation ($USD2.83M) is about average for companies of similar size in the US market ($USD4.02M).

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


Leadership Team

Experienced Management: PERI's management team is considered experienced (4 years average tenure).


Board Members

Experienced Board: PERI's board of directors are considered experienced (4.1 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 31.2%.


Top Shareholders

Company Information

Perion Network Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Perion Network Ltd.
  • Ticker: PERI
  • Exchange: NasdaqGS
  • Founded: 1999
  • Industry: Advertising
  • Sector: Media
  • Implied Market Cap: US$828.016m
  • Shares outstanding: 44.42m
  • Website: https://www.perion.com

Number of Employees


Location

  • Perion Network Ltd.
  • 26 HaRokmim Street
  • Holon
  • 5885849
  • Israel

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/27 00:00
End of Day Share Price2022/06/27 00:00
Earnings2022/03/31
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.