Snowflake Score | |
---|---|
Valuation | 3/6 |
Future Growth | 5/6 |
Past Performance | 0/6 |
Financial Health | 4/6 |
Dividends | 0/6 |
CTV Stock Overview
Innovid Corp. operates an independent software platform that provides ad serving and creative services.
Innovid Competitors
Price History & Performance
Historical stock prices | |
---|---|
Current Share Price | US$1.97 |
52 Week High | US$10.00 |
52 Week Low | US$1.83 |
Beta | 0 |
1 Month Change | -60.12% |
3 Month Change | -67.97% |
1 Year Change | -80.14% |
3 Year Change | n/a |
5 Year Change | n/a |
Change since IPO | -80.30% |
Recent News & Updates
Innovid: A Compelling CTV Stock
Innovid is the latest company that got caught in the SPAC sell off with share price down almost 80% from its SPAC price. The ad tech company is showing strong growth as advertisers are now shifting their ad spend from cable to connected tv. CTV is currently one of the fastest-growing industries which provides a huge opportunity for Innovid. Current valuation is compelling when factoring in its growth rate and margins. I believe the company is a buy.
Shareholder Returns
CTV | US Media | US Market | |
---|---|---|---|
7D | -5.3% | 3.1% | 6.6% |
1Y | -80.1% | -33.0% | -18.4% |
Return vs Industry: CTV underperformed the US Media industry which returned -33% over the past year.
Return vs Market: CTV underperformed the US Market which returned -18.4% over the past year.
Price Volatility
CTV volatility | |
---|---|
CTV Average Weekly Movement | 12.8% |
Media Industry Average Movement | 9.0% |
Market Average Movement | 8.1% |
10% most volatile stocks in US Market | 16.6% |
10% least volatile stocks in US Market | 3.2% |
Stable Share Price: CTV is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 13% a week.
Volatility Over Time: CTV's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of US stocks.
About the Company
Founded | Employees | CEO | Website |
---|---|---|---|
2007 | 396 | Zvika Netter | https://www.innovid.com |
Innovid Corp. operates an independent software platform that provides ad serving and creative services. The company offers advertising services for the creation, delivery, and measurement of TV ads across connected TV, mobile TV, and desktop TV environments to advertisers, publishers, and media agencies. It also provides creative management; advertising measurement; identity resolution; and publisher solutions.
Innovid Fundamentals Summary
CTV fundamental statistics | |
---|---|
Market Cap | US$260.22m |
Earnings (TTM) | -US$70.32m |
Revenue (TTM) | US$98.14m |
2.7x
P/S Ratio-3.7x
P/E RatioIs CTV overvalued?
See Fair Value and valuation analysisEarnings & Revenue
CTV income statement (TTM) | |
---|---|
Revenue | US$98.14m |
Cost of Revenue | US$20.27m |
Gross Profit | US$77.87m |
Other Expenses | US$148.19m |
Earnings | -US$70.32m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
Earnings per share (EPS) | -0.53 |
Gross Margin | 79.35% |
Net Profit Margin | -71.65% |
Debt/Equity Ratio | 3.0% |
How did CTV perform over the long term?
See historical performance and comparisonValuation
Is CTV undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales 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 CTV?
Other financial metrics that can be useful for relative valuation.
What is CTV's n/a Ratio? | |
---|---|
n/a Ratio | 0x |
n/a | n/a |
Market Cap | US$260.22m |
Key Statistics | |
---|---|
Enterprise Value/Revenue | 2.3x |
Enterprise Value/EBITDA | -54.2x |
PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does CTV's PS Ratio compare to its peers?
CTV PS Ratio vs Peers |
---|
Company | PS | Estimated Growth | Market Cap |
---|---|---|---|
Peer Average | 2.5x |
Price-To-Sales vs Peers: CTV is expensive based on its Price-To-Sales Ratio (2.7x) compared to the peer average (2.5x).
Price to Earnings Ratio vs Industry
How does CTV's PE Ratio compare vs other companies in the U.S. Media Industry?
Price-To-Sales vs Industry: CTV is expensive based on its Price-To-Sales Ratio (2.7x) compared to the US Media industry average (1.1x)
Price to Sales Ratio vs Fair Ratio
What is CTV'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.
Fair Ratio | |
---|---|
Current PS Ratio | 2.7x |
Fair PS Ratio | 3.6x |
Price-To-Sales vs Fair Ratio: CTV is good value based on its Price-To-Sales Ratio (2.7x) compared to the estimated Fair Price-To-Sales Ratio (3.6x).
Share Price vs Fair Value
What is the Fair Price of CTV when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: CTV ($1.97) is trading below our estimate of fair value ($11.04)
Significantly Below Fair Value: CTV is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CTV's PEG Ratio to determine if it is good value.
Discover undervalued companies
Future Growth
How is Innovid forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Future Growth Score
5/6Future Growth Score 5/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
102.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CTV is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).
Earnings vs Market: CTV is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: CTV is expected to become profitable in the next 3 years.
Revenue vs Market: CTV's revenue (30.2% per year) is forecast to grow faster than the US market (8.4% per year).
High Growth Revenue: CTV's revenue (30.2% 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 CTV's Return on Equity is forecast to be high in 3 years time
Discover growth companies
Past Performance
How has Innovid performed over the past 5 years?
Past Performance Score
0/6Past Performance Score 0/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-163.6%
Last years earnings growth
Earnings and Revenue History
Quality Earnings: CTV is currently unprofitable.
Growing Profit Margin: CTV is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if CTV's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Unable to compare CTV's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CTV is unprofitable, making it difficult to compare its past year earnings growth to the Media industry (18.8%).
Return on Equity
High ROE: CTV has a negative Return on Equity (-8.37%), as it is currently unprofitable.
Discover strong past performing companies
Financial Health
How is Innovid's financial position?
Financial Health Score
4/6Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: CTV's short term assets ($90.8M) exceed its short term liabilities ($25.8M).
Long Term Liabilities: CTV's short term assets ($90.8M) exceed its long term liabilities ($29.9M).
Debt to Equity History and Analysis
Debt Level: CTV has more cash than its total debt.
Reducing Debt: Insufficient data to determine if CTV's debt to equity ratio has reduced over the past 5 years.
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: CTV has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if CTV has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
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Dividend
What is Innovid current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend 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 CTV's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CTV'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 CTV's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CTV'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 CTV has not reported any payouts.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
3.3yrs
Average management tenure
CEO
Zvika Netter (48 yo)
15.42yrs
Tenure
US$4,311,827
Compensation
Prof. Zvika Netter Co-Founded Innovid, Inc. (Innovid Media Ltd.) in 2007 and serves as its Chief Executive Officer since January 2007 and serves as its Director since 2021. Prof. Netter is responsible for...
CEO Compensation Analysis
Compensation vs Market: Zvika's total compensation ($USD4.31M) is above average for companies of similar size in the US market ($USD1.69M).
Compensation vs Earnings: Zvika's compensation has increased whilst the company is unprofitable.
Leadership Team
Experienced Management: CTV's management team is considered experienced (3.3 years average tenure).
Board Members
Experienced Board: CTV's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.
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: Insufficient data to determine if shareholders have been diluted in the past year.
Top Shareholders
Company Information
Innovid Corp.'s employee growth, exchange listings and data sources
Key Information
- Name: Innovid Corp.
- Ticker: CTV
- Exchange: NYSE
- Founded: 2007
- Industry: Advertising
- Sector: Media
- Implied Market Cap: US$260.220m
- Shares outstanding: 132.09m
- Website: https://www.innovid.com
Number of Employees
Location
- Innovid Corp.
- 30 Irving Place
- 12th Floor
- New York
- New York
- 10003
- United States
Listings
Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2022/06/26 00:00 |
End of Day Share Price | 2022/06/24 00:00 |
Earnings | 2022/03/31 |
Annual Earnings | 2021/12/31 |
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.