Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
Price
Shares
Market Cap
Cash
Debt
EV
14.31
48.463415
693.5114687
136.567
0
556.9444687
RTB
Orders
Industry Mobile Growth
International
Mobile Growth
Buyer Revenue Growth
Page 1
2015
10.3
3.7
126%
35%
11%
42%
2019
2015
20.5 Shrunk Y/Y
34.1 Shrunk Y/Y
Main
only have cheap inventory?
Page 2
Model
Q114
Revenue
Cost of Revenue
GP
R&D
G&A
Marketing
Operating Expenses
Operating Income
Other income
Pretax income
Taxes
Net Income
Shares
EPS
Gross Margin
Operating Margin
Net Margin
Tax Rate
Q214
Q314
Q414
Q115
Q215
23.015
4.46
18.555
4.677
11.32
9.027
25.024
-6.469
-0.641
-7.11
0.05
-7.16
12.215
-0.59
28.283
4.852
23.431
4.598
15.653
10.296
30.547
-7.116
-2.208
-9.324
0.112
-9.436
32.266
-0.29
32.165
5.144
27.021
5.766
15.157
11.54
32.463
-5.442
0.803
-4.639
-0.017
-4.622
33.673
-0.14
41.832
6.298
35.534
7.677
15.268
12.34
35.285
0.249
1.207
1.456
0.027
1.429
28.217
0.05
37.178
6.561
30.617
8.414
14.279
15.049
37.742
-7.125
2.178
-4.947
0.084
-5.031
35.758
-0.14
53.046
14.009
39.037
10.39
17.984
22.161
50.535
-11.498
-0.858
-12.356
-0.413
-11.943
39.414
-0.30
80.62%
-28.11%
-31.11%
-0.70%
82.84%
-25.16%
-33.36%
-1.20%
84.01%
-16.92%
-14.37%
0.37%
84.94%
0.60%
3.42%
1.85%
82.35%
-19.16%
-13.53%
-1.70%
73.59%
-21.68%
-22.51%
3.34%
61.54%
65.01%
50.82%
29.73%
79.90%
26.14%
66.71%
87.55%
66.60%
65.43%
-26.57%
125.97%
14.89%
115.24%
Revenue Y/Y
GP Y/Y
Expenses Y/Y
Net Income Y/Y
R&D Y/Y
G&A Y/Y
Marketing Y/Y
Page 3
Model
Q315
Q415
Q116
64.253
16.556
47.697
11.822
18.225
22.817
52.864
-5.167
0.075
-5.092
-2.083
-3.009
41.308
-0.07
94.007
21.369
72.638
11.429
19.711
23.306
54.446
18.192
0.064
18.256
-2.149
20.405
44.495
0.46
74.23%
-8.04%
-4.68%
40.91%
77.27%
19.35%
21.71%
-11.77%
99.76%
76.52%
62.84%
34.90%
105.03%
20.24%
97.72%
124.73%
104.42%
54.30%
1327.92%
48.87%
29.10%
88.87%
Q216
Q316
Q416
69.232 101.827 123.340 180.455
16.783
20.861
25.268 36.969
52.449
80.966
98.072 143.486
12.443
18.861
21.461 20.747
20.605
22.828
23.134 25.046
21.278
40.330
42.395 41.754
54.326
82.019
86.990 87.547
-1.877
-1.053
11.082 55.939
-0.167
0.050
0.127
0.387
-2.044
-1.003
11.209 56.326
-4.328
-0.413
-2.083
-2.149
2.284
-0.590
13.292 58.475
44.663
47.879
50.938 53.912
0.05
-0.012
0.261
1.085
75.76%
-2.71%
3.30%
211.74%
79.51%
-1.03%
-0.58%
41.19%
79.51%
8.99%
10.78%
-18.58%
79.51%
31.00%
32.40%
-3.82%
Page 4
Model
2013
83.83
15.358
68.472
18.615
27.926
25.811
72.352
-3.88
-9.366
-13.246
0.247
-13.493
11.488
-1.17
2014
125.295
20.754
104.541
22.718
57.398
43.203
123.319
-18.778
-0.839
-19.617
0.172
-19.789
28.217
-0.70
2015
248.484
58.495
189.989
42.055
70.199
83.333
195.587
-5.598
1.459
-4.139
-4.561
0.422
39.663
0.01
2016
324.000
99.881
224.119
73.512
91.613
145.756
310.882
-86.762
0.397
-86.365
-8.973
-77.392
53.751
-1.44
2017
453.600
101.212
352.388
124.970
119.097
255.074
499.141
-146.754
-2.087
-148.841
68.040
-216.881
67.574
-3.21
2018
635.040
148.036
487.004
206.201
136.962
446.379
789.541
-302.538
-0.268
-302.805
95.256
-398.061
80.790
-4.93
2019
889.056
222.247
666.809
319.612
139.701
557.973
1017.286
-350.477
-0.125
-350.602
133.358
-483.961
94.510
-5.12
81.68%
-4.63%
-16.10%
-1.86%
83.44%
-14.99%
-15.79%
-0.88%
76.46%
-2.25%
0.17%
110.20%
69.17%
-26.78%
-23.89%
10.39%
77.69%
-32.35%
-47.81%
15.00%
76.69%
-47.64%
-62.68%
15.00%
75.00%
-39.42%
-54.44%
15.00%
49.46%
52.68%
70.44%
70.44%
22.04%
105.54%
67.38%
98.32%
81.74%
58.60%
58.60%
85.12%
22.30%
92.89%
30.39%
17.96%
58.95%
58.95%
74.80%
30.51%
74.91%
40.00%
57.23%
60.56%
60.56%
70.00%
30.00%
75.00%
40.00%
38.20%
58.18%
58.18%
65.00%
15.00%
75.00%
40.00%
36.92%
28.85%
28.85%
55.00%
2.00%
25.00%
Page 5
Model
2020
1155.773
293.133
862.640
463.437
142.495
697.467
1303.399
-440.758
-0.521
-441.279
173.366
-614.645
108.059
-5.69
2021
1502.505
360.545
1141.959
625.640
145.345
781.163
1552.147
-410.188
-0.750
-410.938
225.376
-636.314
121.577
-5.23
2022
1953.256
476.928
1476.328
782.050
148.252
874.902
1805.204
-328.875
-0.416
-329.291
292.988
-622.279
135.168
-4.60
2023
2539.233
627.025
1912.208
899.357
151.217
979.890
2030.464
-118.257
-0.453
-118.710
380.885
-499.594
148.718
-3.36
2024
2666.194
656.346
2009.849
944.325
154.241
1097.477
2196.043
-186.195
-0.535
-186.730
399.929
-586.659
162.274
-3.62
2025
2799.504
683.948
2115.556
991.541
157.326
1097.477
2246.345
-130.788
-0.538
-131.327
419.926
-551.252
175.838
-3.13
2026
2939.479
721.340
2218.139
1041.118
160.473
1097.477
2299.068
-80.929
-0.485
-81.414
440.922
-522.336
189.395
-2.76
74.64%
-38.14%
-53.18%
15.00%
76.00%
-27.30%
-42.35%
15.00%
75.58%
-16.84%
-31.86%
15.00%
75.31%
-4.66%
-19.68%
15.00%
75.38%
-6.98%
-22.00%
15.00%
75.57%
-4.67%
-19.69%
15.00%
75.46%
-2.75%
-17.77%
15.00%
30.00%
29.37%
28.13%
28.13%
45.00%
2.00%
25.00%
30.00%
32.38%
19.08%
19.08%
35.00%
2.00%
12.00%
30.00%
29.28%
16.30%
16.30%
25.00%
2.00%
12.00%
30.00%
29.52%
12.48%
12.48%
15.00%
2.00%
12.00%
5.00%
5.11%
8.15%
8.15%
5.00%
2.00%
12.00%
5.00%
5.26%
2.29%
2.29%
5.00%
2.00%
0.00%
5.00%
4.85%
2.35%
2.35%
5.00%
2.00%
0.00%
Page 6
Model
2027
3086.453
758.354
2328.099
1093.174
163.682
1097.477
2354.333
-26.234
-0.503
-26.737
462.968
-489.705
202.954
-2.41
2028
3240.776
795.274
2445.502
1147.833
166.956
1097.477
2412.266
33.236
-0.515
32.721
486.116
-453.396
216.514
-2.09
2029
3402.815
834.377
2568.438
1205.225
170.295
1097.477
2472.997
95.441
-0.510
94.931
510.422
-415.491
230.073
-1.81
2030
3572.956
876.892
2696.063
1265.486
173.701
1097.477
2536.664
159.400
-0.503
158.896
535.943
-377.047 -354.424297 -333.158839 -313.169308
243.632
-1.55
75.43%
-0.85%
-15.87%
15.00%
75.46%
1.03%
-13.99%
15.00%
75.48%
2.80%
-12.21%
15.00%
75.46%
4.46%
-10.55%
15.00%
5.00%
4.96%
2.40%
2.40%
5.00%
2.00%
0.00%
5.00%
5.04%
2.46%
2.46%
5.00%
2.00%
0.00%
5.00%
5.03%
2.52%
2.52%
5.00%
2.00%
0.00%
5.00%
4.97%
2.57%
2.57%
5.00%
2.00%
0.00%
Page 7
Maturity
Discount
NPV
Cash
Total
Shares
Model Price
Current Price
6.00%
35.00%
-$722.66
136.567
-$586.09
48.463415
-$12.09
14.31
Model
Page 8
-203.08328
Model
Page 9
Model
Page 10
Model
Page 11
Model
Page 12
Model
-33.7584053
Page 13
Model
Page 14
Model
Page 15
Model
Page 16
-6.7562563 -6.35088093
Model
Page 17
Model
Page 18
Model
Page 19
Model
Page 20
-1.1947747 -1.12308822
Model
-1.05570292 -0.99236075
Page 21
Model
Page 22
Model
Page 23
-0.3466116
-0.3258149 -0.30626601
Model
Page 24
Model
-0.18669024 -0.17548883
Page 25
Model
Page 26
-0.0835187
Model
-0.07850758 -0.07379712
Page 27
Model
Page 28
Model
-0.03301426
-0.0310334
Page 29
-0.0242293 -0.02277554
Model
-0.02140901 -0.02012447
Page 30
Model
Page 31
Model
-0.00900298
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Model
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-0.0042847 -0.00402762
Model
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Model
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Model
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Model
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Model
-2.0937E-005 -1.9681E-005
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Model
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Model
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Model
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Model
-8.8328E-025
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