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Recent

v0.1
MAX$9.35+5.06%
Fair $9.35+0.0%

MAX

MediaAlpha, Inc.

Communication Services / Internet Content & InformationNYSE

$9.35

+0.45 (+5.06%)

Fairly Valued+0.0%Fair Value $9.35Fund rank 24/100 · Data gapFallback financials|
SA 44/C
F-Score: 6/9
High Debt

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 25% · confianza 25%

FCF escenarios

weak_data · normalized FCF $45.2M · quality 43.3/100

Data gap 24/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 60/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

44/100

C

Piotroski

6/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

20/100

SEC 0%

Latest source: unknownPeriods: 8Warnings: 1unknown: 8
No SEC-backed annual rows; valuation uses fallback financial data. Insufficient audited annual history (<3 SEC-backed years); composite fair value and forward targets are disabled until manually verified. Debt-to-Equity ratio is 36.88, above the 2.0 threshold
Thesis & Journal · MAXLocal privado en este navegador · MediaAlpha, Inc.
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$505M

P/E

14.6x

↓

EV/EBITDA

N/A

•

ROE

615.9%

↑

Gross Margin

15.0%

↓

Debt/Equity

36.88

↑
52-Week Range$9
$7$14

TradingView lightweight chart

MAX price, volumen y niveles de valoración

Último $9.350Periodo -70.7%
Fair value: $9.350

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2018–2025 · 7 años de histórico normalizado

Revenue CAGR

+20.8%

FCF CAGR

+16.8%

FCF margin

5.9%

FCF / Net income

2.55x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $1.11B · net income $25.6M · FCF $65.3M

2018-FY → 2025-FY

Gross margin

15.0%— pts

Operating margin

3.2%-3.3% pts

Net margin

2.3%-3.8% pts

FCF margin

5.9%-1.6% pts
MetricTTM
2025
2024
2023
2022
2021
2020
2019
2018
Income Statement
Revenue$1.11B$1.11B$864.7M$388.1M$459.1M$645.3M$584.8M$408.0M$296.9M
Net Income$25.6M$25.6M$16.6M$-40.4M$-57.7M$-5.3M$-4.4M$17.8M$18.1M
EBITDA$-96.6M$-96.6M$44.5M$-34.4M$45.9M—$19.8M$25.1M$19.5M
EPS0.390.390.31-0.89-1.37-0.19-0.14——
Gross Margin15.0%15.0%16.6%17.2%15.3%————
Operating Margin3.2%3.2%4.9%-10.3%-7.7%0.3%3.3%6.1%6.5%
Net Margin2.3%2.3%1.9%-10.4%-12.6%-0.8%-0.7%4.4%6.1%
Balance Sheet
Debt/Equity36.8836.8868.31-16.93-11.45-41.06-5.41-0.85—
Current Ratio1.461.46———————
Cash Flow
Free Cash Flow$65.3M$65.3M$45.2M$20.2M$28.2M$28.0M$51.1M$22.0M$22.0M
Returns
ROE615.9%615.9%699.3%392.7%360.6%121.6%12.9%-15.7%—
Valuation
P/E14.6114.6137.32——————
EV/EBITDA——16.46—13.60————
P/B150.11150.11258.08——————
Growth & Yield
Revenue Growth28.8%28.8%122.8%-15.4%—10.3%43.3%37.4%—
EPS Growth25.8%25.8%134.8%35.0%—-35.7%———

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%

3Y implied EPS CAGR

28.6%

muy exigente

EPS terminal req.

$0.83

Spread vs growth

-2.8%

5Y implied EPS CAGR

20.8%

exigente

EPS terminal req.

$1.00

Spread vs growth

5.0%

10Y implied EPS CAGR

15.3%

exigente

EPS terminal req.

$1.62

Spread vs growth

10.5%

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total -8.3%

Total return

-8.3%

Start / end P/E

32.9x → 24.0x

EPS bridge

0.31 → 0.39

Residual

-7.0%

EPS growth+25.8%
Multiple rerating-27.1%
Dividend+0.0%
Residual / FX / buybacks / cross-term-7.0%

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.