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PERI

Perion NetworkNasdaqGS:PERI Stock Report

Market Cap

US$717.4m

7D

-6.4%

1Y

165.8%

Updated

24 Oct, 2021

Data

Company Financials +
PERI fundamental analysis
Snowflake Score
Valuation3/6
Future Growth5/6
Past Performance5/6
Financial Health6/6
Dividends0/6

PERI Overview

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

Perion Network Competitors

Magnite

NasdaqGS:MGNI

US$3.4b

Criteo

NasdaqGS:CRTO

US$2.0b

Marchex

NasdaqGS:MCHX

US$131.7m

Microsoft

NasdaqGS:MSFT

US$2.3t

Price History & Performance

Summary of all time highs, changes and price drops for Perion Network
Historical stock prices
Current Share PriceUS$20.84
52 Week HighUS$6.66
52 Week LowUS$28.32
Beta1.12
1 Month Change10.15%
3 Month Change10.38%
1 Year Change165.82%
3 Year Change606.44%
5 Year Change555.35%
Change since IPO-46.36%

Recent News & Updates

Oct 17

Perion Stock Enjoys An Uptrend On Accretive Acquisition

Perion has hinted at likely imminent acquisitions to add to the Perion Network collection recently. On October 4th, Perion acquired Vidazoo, an Israeli video content platform for $93.5M. Since then, the stock has finally gained some traction in trading on increased guidance, will this momentum last?

Sep 14
Perion Network (NASDAQ:PERI) Shareholders Will Want The ROCE Trajectory To Continue

Perion Network (NASDAQ:PERI) Shareholders Will Want The ROCE Trajectory To Continue

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...

Shareholder Returns

PERIUS MediaUS Market
7D-6.4%1.1%1.7%
1Y165.8%28.9%30.3%

Return vs Industry: PERI exceeded the US Media industry which returned 28.9% over the past year.

Return vs Market: PERI exceeded the US Market which returned 30.3% over the past year.

Price Volatility

Is PERI's price volatile compared to industry and market?
PERI volatility
PERI Beta1.12
Industry Beta1.16
Market Beta1

Stable Share Price: PERI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: PERI's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1999417Doron Gerstelhttps://www.perion.com

Perion Network Ltd. delivers advertising solutions to brands, agencies, and publishers in North America, Europe, and internationally. It provides Wildfire, a content monetization platform; search monetization solutions; actionable performance monitoring platform, a cross-channel social software as a service platform that lifts return on ad spend; and Smilebox, which enables people to tell the stories of their lives with customizable eCards, slideshows, invitations, collages, and other solution. 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; high impact programmatic marketplace, a platform that allows its advertisers to buy from it in an automated fashion; creative rich media platform to create compelling, engaging, dynamic, cross-platform, and high-impact advertisements; data management platform; and AI platform that uses machine learning to bring deep 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$717.43m
Earnings (TTM)US$21.52m
Revenue (TTM)US$401.16m

33.3x

P/E Ratio

1.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PERI income statement (TTM)
RevenueUS$401.16m
Cost of RevenueUS$269.20m
Gross ProfitUS$131.96m
ExpensesUS$110.45m
EarningsUS$21.52m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 26, 2021

Earnings per share (EPS)0.63
Gross Margin32.90%
Net Profit Margin5.36%
Debt/Equity Ratio0%

How did PERI perform over the long term?

See historical performance and comparison

Valuation

Is Perion Network 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: PERI ($20.84) is trading below our estimate of fair value ($51.89)

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


Price To Earnings Ratio

PE vs Industry: PERI is poor value based on its PE Ratio (33.3x) compared to the US Media industry average (15.1x).

PE vs Market: PERI is poor value based on its PE Ratio (33.3x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: PERI is good value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: PERI is overvalued based on its PB Ratio (2.7x) compared to the US Media industry average (2.2x).


Future Growth

How is Perion Network forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

35.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PERI's forecast earnings growth (35% per year) is above the savings rate (2%).

Earnings vs Market: PERI's earnings (35% per year) are forecast to grow faster than the US market (14.7% per year).

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

Revenue vs Market: PERI's revenue (21.4% per year) is forecast to grow faster than the US market (9.8% per year).

High Growth Revenue: PERI's revenue (21.4% per year) is forecast to grow faster 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


Past Performance

How has Perion Network performed over the past 5 years?

54.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PERI has high quality earnings.

Growing Profit Margin: PERI's current net profit margins (5.4%) are higher than last year (2.9%).


Past Earnings Growth Analysis

Earnings Trend: PERI has become profitable over the past 5 years, growing earnings by 54% per year.

Accelerating Growth: PERI's earnings growth over the past year (173.9%) exceeds its 5-year average (54% per year).

Earnings vs Industry: PERI earnings growth over the past year (173.9%) exceeded the Media industry 96.3%.


Return on Equity

High ROE: PERI's Return on Equity (8.2%) is considered low.


Financial Health

How is Perion Network's financial position?


Financial Position Analysis

Short Term Liabilities: PERI's short term assets ($216.4M) exceed its short term liabilities ($131.9M).

Long Term Liabilities: PERI's short term assets ($216.4M) exceed its long term liabilities ($23.8M).


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 43.1%.

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


Dividend

What is Perion Network current dividend yield, its reliability and sustainability?


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.


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 PERI'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?

3.3yrs

Average management tenure


CEO

Doron Gerstel (61 yo)

4.5yrs

Tenure

US$2,383,000

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 ($USD2.38M) is about average for companies of similar size in the US market ($USD2.29M).

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 (3.3 years average tenure).


Board Members

Experienced Board: PERI's board of directors are considered experienced (3.4 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 29.1%.


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
  • Market Cap: US$717.434m
  • Shares outstanding: 34.43m
  • Website: https://www.perion.com

Number of Employees


Location

  • Perion Network Ltd.
  • Building A
  • 4th Floor
  • 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 Analysis2021/10/24 22:20
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.