Strong start to the year improves outlook
Yesterday, MGI announced that its organic growth rate has increased to 25% in February 2024. This follows an earlier announcement of an 18% organic growth rate in January 2024. The robust organic growth rate is a strong start to the year and leads us to raise our revenue estimates. As the outlook continues to improve, we believe the risk-to-reward ratio remains very attractive.
Verve
Verve operates in the technology industry. The company runs an ad-software platform that matches global advertiser demand with publisher ad-supply enriching the process with first-party data from own games. Verve's main operational presence is in North America and Europe. Through investments in organic growth and innovation, as well as targeted M&A, MGI has built a one-stop shop for programmatic advertising, enabling companies to buy and sell ad space on all digital devices.
Read more on company pageKey Estimate Figures21.03.2024
2023 | 24e | 25e | |
---|---|---|---|
Revenue | 322.0 | 366.8 | 399.9 |
growth-% | -0.76 % | 13.92 % | 9.03 % |
EBIT (adj.) | 76.9 | 81.0 | 76.9 |
EBIT-% (adj.) | 23.89 % | 22.07 % | 19.23 % |
EPS (adj.) | 0.15 | 0.17 | 0.19 |
Dividend | 0.00 | 0.00 | 0.00 |
Dividend % | |||
P/E (adj.) | 6.78 | 18.39 | 16.47 |
EV/EBITDA | 3.58 | 8.06 | 7.89 |