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 (Ticker: VER) is a fast-growing, profitable, digital media company that provides AI-driven ad-software solutions. Verve matches global advertiser demand with publisher ad-supply, enhancing results through first-party data from its own content. Aligned with the mission, “Let’s make media better,” the company focuses on enabling better outcomes for brands, agencies, and publishers with responsible advertising solutions, with an emphasis on emerging media channels. Verve’s main operational presence is in North America and Europe. Its shares are listed on the Nasdaq First North Premier Growth Market in Stockholm and the Scale segment of the Frankfurt Stock Exchange. The company has three secured bonds listed on Nasdaq Stockholm and the Frankfurt Stock Exchange Open Market.
Read more on company pageKey Estimate Figures21.03
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 | 19.19 | 17.19 |
EV/EBITDA | 3.58 | 8.28 | 8.11 |