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Magnite Inc

Communication Services US MGNI

8.69USD
0.23(2.72%)

Last update at 2024-04-22T20:04:00Z

Day Range

8.388.71
LowHigh

52 Week Range

6.2815.73
LowHigh

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax -135.59700M -94.98800M -52.73900M -26.99000M -61.46500M
Minority interest - - - - -
Net income -130.32300M 0.07M -53.43200M -25.47800M -61.82200M
Selling general administrative 81.38M 64.79M 52.99M 41.77M 42.43M
Selling and marketing expenses 200.08M 170.41M 76.03M 44.56M 44.56M
Gross profit 269.90M 266.75M 143.88M 99.02M 64.68M
Reconciled depreciation 216.05M 146.89M 49.25M 32.13M 35.34M
Ebit -99.99800M -6.19600M -16.91000M -27.10200M -57.11700M
Ebitda 116.05M 140.69M 32.34M 5.02M -21.77900M
Depreciation and amortization 216.05M 146.89M 49.25M 32.13M 35.34M
Non operating income net other 6.45M 5.93M - - -
Operating income -99.99800M -6.19600M -16.91000M -27.10200M -63.60800M
Other operating expenses 682.38M 511.31M 258.31M 184.00M 184.85M
Interest expense 29.26M 19.85M 35.83M 0.11M 0.00000M
Tax provision -5.27400M -95.05300M 0.69M -1.51200M 0.36M
Interest income - - - 0.79M 0.99M
Net interest income -29.26000M -19.84800M 0.05M 0.79M 0.99M
Extraordinary items - - - - -
Non recurring 7.47M 38.18M - - -
Other items - - - - -
Income tax expense -5.27400M -95.05300M 0.69M -1.51200M 0.36M
Total revenue 577.07M 468.41M 221.63M 156.41M 124.69M
Total operating expenses 375.22M 309.64M 180.56M 126.61M 124.85M
Cost of revenue 307.17M 201.66M 77.75M 57.39M 60.00M
Total other income expense net -35.59900M -88.79200M -35.82900M 0.11M -2.28500M
Discontinued operations - - - - -
Net income from continuing ops -130.32300M 0.07M -53.43200M -25.47800M -61.82200M
Net income applicable to common shares -130.32300M 0.07M -53.43200M -25.47800M -61.82200M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 2712.21M 2712.61M 938.96M 395.12M 360.01M
Intangible assets 277.17M 446.71M 106.04M 27.44M 24.74M
Earning assets - - - - -
Other current assets 23.50M 19.93M 17.73M 6.59M 6.88M
Total liab 1920.91M 1831.86M 557.35M 283.18M 242.00M
Total stockholder equity 791.30M 880.76M 381.61M 111.94M 118.01M
Deferred long term liab 5.07M 13.30M 0.20M - -
Other current liab 23.32M 5.70M 3.07M 0.78M 7.44M
Common stock 0.00200M 0.00200M 0.00200M 0.00100M 0.00100M
Capital stock 0.00200M 0.00200M 0.00200M 0.00100M 0.00100M
Retained earnings -524.77400M -394.45100M -394.51600M -341.08400M -315.60600M
Other liab 6.79M 15.95M 2.87M 0.45M 1.02M
Good will 978.22M 969.87M 158.12M 7.37M -
Other assets 7.38M 6.86M 60.20M 2.10M 1.24M
Cash 326.25M 230.40M 117.68M 88.89M 80.45M
Cash and equivalents - - - - -
Total current liabilities 1125.03M 1029.39M 522.20M 267.50M 240.98M
Current deferred revenue - 17.83M 12.44M 6.73M -
Net debt 487.61M 578.85M -75.58500M -66.37500M -80.45200M
Short term debt 24.77M 22.74M 9.81M 7.28M -
Short long term debt 3.60M 3.60M - - -
Short long term debt total 813.86M 809.25M 42.09M 22.51M -
Other stockholder equity 1319.22M 1276.58M 777.08M 453.06M 433.88M
Property plant equipment 23.67M 20.09M 63.28M 45.16M 33.49M
Total current assets 1326.26M 1178.12M 607.07M 313.05M 300.54M
Long term investments - - - - -
Net tangible assets -440.42000M -515.73100M 117.44M 77.13M 93.27M
Short term investments - - - 0.00000M 7.52M
Net receivables 976.51M 927.78M 471.67M 217.57M 205.68M
Long term debt 722.76M 720.02M - - -
Inventory - - - - -
Accounts payable 1076.94M 983.12M 496.87M 252.71M 233.54M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -3.15100M -1.37600M -0.95700M -0.04500M -0.25900M
Additional paid in capital - - - - -
Common stock total equity 0.00200M 0.00200M 0.00200M 0.00100M 0.00100M
Preferred stock total equity - - - - -
Retained earnings total equity -524.77400M -394.45100M - - -
Treasury stock - -6.00700M - - -
Accumulated amortization - - - - -
Non currrent assets other 7.38M 6.86M 4.44M 2.10M 1.24M
Deferred long term asset charges - - - - -
Non current assets total 1385.95M 1534.50M 331.89M 82.07M 59.47M
Capital lease obligations 87.50M 85.63M 42.09M 22.51M -
Long term debt total 722.76M 720.02M - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -65.15200M -690.99700M 32.64M 7.50M 47.89M
Change to liabilities 90.99M 284.93M 75.06M 16.29M 26.61M
Total cashflows from investing activities -65.15200M -690.99700M 32.64M -23.38800M 27.95M
Net borrowings -3.60000M 717.02M 746.75M 746.75M 746.75M
Total cash from financing activities -30.17200M 678.05M 7.35M -0.20500M -1.27900M
Change to operating activities -4.61700M 1.35M -6.28400M 0.36M 1.94M
Net income -130.32300M 0.07M -53.43200M -25.47800M -61.82200M
Change in cash 95.81M 112.96M 28.84M 8.44M 3.81M
Begin period cash flow 230.69M 117.73M 88.89M 80.45M 76.64M
End period cash flow 326.50M 230.69M 117.73M 88.89M 80.45M
Total cash from operating activities 192.55M 126.59M -12.06500M 31.98M -22.68600M
Issuance of capital stock - - - - -
Depreciation 216.05M 146.89M 49.25M 32.13M 35.34M
Other cashflows from investing activities -34.33700M -673.30000M - -3.50000M 47.89M
Dividends paid - - - - -
Change to inventory - -284.90500M -75.06400M -16.28800M -26.61200M
Change to account receivables -46.32500M -254.36800M -103.83600M -10.70500M -40.68800M
Sale purchase of stock -15.66300M -6.00700M 1.66M 1.05M 0.31M
Other cashflows from financing activities -12.33600M 686.50M 5.69M -1.25900M -1.59300M
Change to netincome 58.12M -56.82300M 27.27M 19.90M 16.43M
Capital expenditures 44.40M 29.13M 21.96M 19.89M 19.94M
Change receivables -46.32500M -254.36800M - - -
Cash flows other operating -2.74300M 0.97M - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes 97.23M 113.64M - - -
Change in working capital 40.44M 31.89M -35.05600M 5.94M -12.13400M
Stock based compensation 64.12M 40.73M 28.49M 18.82M 16.28M
Other non cash items 11.07M 5.79M -2.10500M 1.17M -0.30800M
Free cash flow 148.15M 97.46M -34.02400M 12.10M -42.62600M

Fundamentals

  • Previous Close 8.46
  • Market Cap1323.37M
  • Volume789672
  • P/E Ratio-
  • Dividend Yield-%
  • EBITDA77.60M
  • Revenue TTM608.18M
  • Revenue Per Share TTM4.49
  • Gross Profit TTM 269.90M
  • Diluted EPS TTM-1.67

Peer Comparison

Sector: Communication Services Industry: Advertising Agencies

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
MGNI
Magnite Inc
0.23 2.72% 8.69 - 13.64 2.17 2.02 2.77 16.08
PGPEF
Publicis Groupe S.A
1.68 1.57% 108.53 15.93 11.57 1.55 2.24 1.76 9.39
PUBGY
Publicis Groupe SA
0.69 2.62% 27.18 16.35 11.74 1.57 2.27 1.76 9.39
OMC
Omnicom Group Inc
1.15 1.24% 93.77 12.53 11.17 1.17 5.25 1.42 8.54
IPG
Interpublic Group of Companies Inc
0.31 1.01% 31.03 13.60 11.48 1.33 3.38 1.43 9.18

Reports Covered

Stock Research & News

Profile

Magnite, Inc. operates an independent sell-side advertising platform in the United States and internationally. The company's platform offers applications and services for sellers of digital advertising inventory or publishers that own and operate CTV channels, applications, websites, and other digital media properties, to manage and monetize their inventory; and provides applications and services for buyers, including advertisers, agencies, agency trading desks, and demand side platforms to buy digital advertising inventory. It markets its technology solutions to buyers and sellers through a sales teams that operate from various locations. The company was formerly known as The Rubicon Project, Inc. and changed name to Magnite, Inc. in July 2020. Magnite, Inc. was incorporated in 2007 and is headquartered in New York, New York.

Magnite Inc

1250 Broadway, New York, NY, United States, 10001

Key Executives

Name Title Year Born
Mr. Michael G. Barrett Pres, CEO & Director 1962
Mr. David L. Day Chief Financial Officer 1961
Ms. Katie Evans Chief Operating Officer 1986
Mr. Sean Patrick Buckley Chief Revenue Officer NA
Mr. Brian Gephart Chief Accounting Officer 1980
Mr. Nick Kormeluk VP of Investor Relations & Head of Global Real Estate NA
Mr. Aaron Saltz Gen. Counsel & Corp. Sec. 1981
Charlstie Veith Global Head of Communications NA
Mr. David Hertog Chief Marketing Officer 1976
Ms. Shawna Hughes CPA Chief People Officer 1978

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