Integral Ad Science Holding Corp.

Technology
Computer Software: Programming, Data Processing
www.integralads.com

Earnings Score
Moat Score
Safety Score

Market Cap $1.17B
PE 31
Debt $35.00M
Cash $87.34M
EV $1.12B
FCF $116.11M

Earnings

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Sales & Net Margins

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Earnings	$37.80M
EBIT	$62.92M
ROE	4%
ROA	5%
FCF	$116.11M
Equity	$1.01B
Growth Stability	1
PE	30.98
PEG	-11.11
PB	1.16
P/FCF	10.08
P/S	2.21
Price/Cash	0.07
Debt/Equity	0.03
Debt/FCF	0.3
Net Margins	7%
Gross Margins	79%
Op. Margins	12%
Earnings CAGR	-3%
Sales Growth YoY	14%
Sales Growth QoQ	15%
Sales CAGR	31%
FCF CAGR	25%
Equity CAGR	21%
Earnings Stability	-0.72
Earnings Growth YoY	50%
Earnings Growth QoQ	-5%

Earnings CAGR 5Y	-3%
Sales CAGR 5Y	31%
FCF CAGR 5Y	25%
Equity CAGR 5Y	21%
Earnings CAGR 3Y	16%
Sales CAGR 3Y	16%
FCF CAGR 3Y	31%
Equity CAGR 3Y	11%
Market Cap	$1.17B
Revenue	$530.10M
Assets	$1.15B
Total Debt	$35.00M
Cash	$87.34M
Shares Outstanding	161.06M
EV	1.12B
Earnings Score	6%
Moat Score	64%
Safety Score	98%
Final Score	56%
Working Capital	170.29M
Current Ratio	3.02
Gross Profit	$416.14M
Shares Growth 3y	2%
Equity Growth QoQ	3%
Equity Growth YoY	11%

Assets & ROA

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Stockholders Equity & ROE

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Integral Ad Science Holding Corp is a digital advertising verification company. Its cloud-based technology platform delivers independent measurement and verification of digital advertising across all devices, channels, and formats, including desktop, mobile, connected TV, social, display, and video. Geographically, it derives a majority of revenue from the Americas region.

SEC Filings

Direct access to Integral Ad Science Holding Corp. (IAS) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Integral Ad Science Holding Corp. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Integral Ad Science Holding Corp. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR -3%

Stability -72%

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Integral Ad Science Holding Corp. Discounted Cash Flow

Fully customizable DCF calculator online for Integral Ad Science Holding Corp..

Years

Calculation mode

= $6.9B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$116M	$146M	$183M	$229M	$288M	$361M	$453M	$568M	$713M	$894M	$1.1B	$11B
DCF		$132M	$151M	$172M	$196M	$224M	$256M	$291M	$332M	$379M	$432M	$4.3B
Value	$6.9B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	-24%	-13%	-16%	4%	2%	7%	7%
ROA	-	-	-3%	2%	2%	5%	5%
ROE	-	-	-7%	2%	1%	4%	4%

Net Margins (7.13%)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	-	3.94	3.19	1.2	0.3	0.3
Debt over Equity	-	0.63	0.32	0.28	0.17	0.03	0.03
Growth Stability	-	-	-	-	-	-	1

Good Debt/FCF ratio (0.3)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.03)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (1)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	13%	34%	26%	16%	12%	31%
Earnings YoY growth	-	-37%	62%	-129%	-53%	422%	-3%
Equity YoY growth	-	20%	39%	5%	13%	11%	21%
FCF YoY growth	-	-1K%	88%	12%	84%	-10%	25%