NasdaqCM:APPS

Stock Analysis Report

Executive Summary

Digital Turbine, Inc., through its subsidiaries, provides media and mobile communication products and solutions for mobile operators, application developers, device original equipment manufacturers (OEMs), and other third parties worldwide.

Snowflake

Fundamentals

Flawless balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

How has Digital Turbine's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

3.1%

APPS

0.5%

US Software

2.3%

US Market


1 Year Return

369.0%

APPS

19.6%

US Software

5.6%

US Market

Return vs Industry: APPS exceeded the US Software industry which returned 19.6% over the past year.

Return vs Market: APPS exceeded the US Market which returned 5.6% over the past year.


Shareholder returns

APPSIndustryMarket
7 Day3.1%0.5%2.3%
30 Day-7.4%0.05%-1.0%
90 Day27.2%-3.8%-0.7%
1 Year369.0%369.0%21.3%19.6%7.9%5.6%
3 Year674.0%674.0%120.2%111.6%45.6%36.3%
5 Year64.7%64.7%177.4%157.4%65.8%47.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Digital Turbine undervalued compared to its fair value and its price relative to the market?

14.27x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: APPS ($6.43) is trading above our estimate of fair value ($5.16)

Significantly Undervalued: APPS is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: APPS is unprofitable, so we can't compare its PE Ratio to the Software industry average.

PE vs Market: APPS is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate APPS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: APPS is overvalued based on its PB Ratio (14.3x) compared to the US Software industry average (5.4x).


Next Steps

Future Growth

How is Digital Turbine forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

44.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: APPS is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.7%).

Earnings vs Market: APPS is forecast to become profitable over the next 3 year, which is considered above average market growth.

High Growth Earnings: APPS's loss is forecast to worsen by 0% next year.

Revenue vs Market: APPS's revenue (19.9% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: APPS's revenue (19.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if APPS's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Digital Turbine performed over the past 5 years?

20.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: APPS is unprofitable, but has reduced losses over the past 5 years at a rate of 20.5% per year.

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

Earnings vs Industry: APPS is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (19.1%).


Return on Equity

High ROE: APPS has a negative Return on Equity (-20.15%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: APPS is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: APPS is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Digital Turbine's financial position?


Financial Position Analysis

Short Term Liabilities: APPS's short term assets ($42.4M) exceeds its short term liabilities ($38.8M)

Long Term Liabilities: APPS's short term assets (42.4M) exceeds its long term liabilities (14.7M)


Debt to Equity History and Analysis

Debt Level: APPS is debt free.

Reducing Debt: APPS had no debt 5 years ago.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if APPS's debt is covered by short term assets.


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: Whilst unprofitable APPS has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: APPS is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 102.5% per year.


Next Steps

Dividend

What is Digital Turbine's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage1.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

Growing Dividend: Insufficient data to determine if APPS'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 APPS'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 Digital Turbine's salary, the management and board of directors tenure and is there insider trading?

3.2yrs

Average management tenure


CEO

Bill Stone (51yo)

5yrs

Tenure

US$980,593

Compensation

Mr. William Gordon Stone, III, also known as Bill, has been the Chief Executive Officer of Digital Turbine, Inc. (known as Mandalay Digital Group) since October 2014. Mr. Stone served as Chief Executive Of ...


CEO Compensation Analysis

Compensation vs. Market: Bill's total compensation ($USD980.59K) is below average for companies of similar size in the US market ($USD1.82M).

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


Management Age and Tenure

3.2yrs

Average Tenure

43yo

Average Age

Experienced Management: APPS's management team is considered experienced (3.2 years average tenure).


Board Age and Tenure

7.4yrs

Average Tenure

55yo

Average Age

Experienced Board: APPS's board of directors are considered experienced (7.4 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$669,86710 Jun 19
Paul Schaeffer
EntityIndividual
Shares150,000
Max PriceUS$4.54

Ownership Breakdown


Management Team

  • Nick Montes

    Head of Americas & Executive VP of Global Business Development

    • Tenure: 0yrs
  • Bill Stone (51yo)

    CEO & Director

    • Tenure: 5yrs
    • Compensation: US$980.59k
  • Matt Tubergen

    Executive Vice President of Digital Turbine Media

    • Tenure: 2.4yrs
  • Barrett Garrison (43yo)

    Executive VP & CFO

    • Tenure: 3.1yrs
    • Compensation: US$623.74k
  • Kirstie Brown (43yo)

    Executive Vice President of Global Finance & Operations

    • Tenure: 6.3yrs
    • Compensation: US$458.76k
  • David Wesch (32yo)

    Chief Accounting Officer & Controller

    • Tenure: 3.3yrs
    • Compensation: US$216.28k
  • Christine Collins (49yo)

    Chief Technology Officer

    • Tenure: 1.6yrs
    • Compensation: US$511.12k
  • Brian Bartholomew

    Senior Vice President of Capital Markets & Strategy

    • Tenure: 0yrs

Board Members

  • Mohan Gyani (68yo)

    Independent Director

    • Tenure: 3.8yrs
    • Compensation: US$108.75k
  • Rob Deutschman (62yo)

    Independent Chairman of the Board

    • Tenure: 4.8yrs
    • Compensation: US$172.50k
  • John Bendheim (65yo)

    Member of Advisory Board

    • Tenure: 7.4yrs
  • Mark Shapiro (49yo)

    Member of Advisory Board

    • Tenure: 8.3yrs
  • Bill Stone (51yo)

    CEO & Director

    • Tenure: 5yrs
    • Compensation: US$980.59k
  • Michael Lambert

    Member of Advisory Board

    • Tenure: 8.2yrs
  • Tim Spengler (55yo)

    Member of Advisory Board

    • Tenure: 0yrs
  • Jack Schneider

    Member of Advisory Board

    • Tenure: 8.5yrs
  • Fred Goldring

    Member of Advisory Board

    • Tenure: 8.4yrs
  • Jeff Karish (46yo)

    Independent Director

    • Tenure: 6.4yrs
    • Compensation: US$107.50k

Company Information

Digital Turbine, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Digital Turbine, Inc.
  • Ticker: APPS
  • Exchange: NasdaqCM
  • Founded:
  • Industry: Application Software
  • Sector: Software
  • Market Cap: US$533.331m
  • Shares outstanding: 83.01m
  • Website: https://www.digitalturbine.com

Number of Employees


Location

  • Digital Turbine, Inc.
  • 111 Nueces Street
  • Austin
  • Texas
  • 78701
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
APPSNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDJun 2006
4MDDB (Deutsche Boerse AG)YesCommon StockDEEURJun 2006

Biography

Digital Turbine, Inc., through its subsidiaries, provides media and mobile communication products and solutions for mobile operators, application developers, device original equipment manufacturers (OEMs), ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 00:02
End of Day Share Price2019/10/16 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.