Double-digit revenue growth expected in 2024
MGI's Q4 revenues were well ahead of our and consensus expectations. During the quarter, MGI saw the beginnings of a recovery in the advertising market, which has continued into the first months of 2024. As a result, MGI's outlook for the current year is a return to double-digit revenue growth. This is a significant improvement over our previous assumption of a sluggish year and leads us to raise our revenue estimates. With the improved outlook, we believe the risk/reward ratio has further improved.
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 Figures01.03.2024
2023 | 24e | 25e | |
---|---|---|---|
Omsætning | 322,0 | 357,7 | 390,0 |
vækst-% | -0,76 % | 11,08 % | 9,04 % |
EBIT (adj.) | 76,9 | 78,5 | 74,5 |
EBIT-% (adj.) | 23,89 % | 21,96 % | 19,10 % |
EPS (adj.) | 0,15 | 0,16 | 0,18 |
Udbytte | 0,00 | 0,00 | 0,00 |
Udbytte % | |||
P/E (adj.) | 6,78 | 19,37 | 17,20 |
EV/EBITDA | 3,58 | 8,19 | 8,04 |