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v0.1
PUBM$12.22+4.62%
Fair $12.22+0.0%

PUBM

PubMatic, Inc.

Technology / Software - ApplicationNasdaqGM

$12.22

+0.54 (+4.62%)

Fairly Valued+0.0%Fair Value $12.22Fund rank 38/100 · Data gapFallback financials|
SA 49/C
F-Score: 3/9
Low Profitability

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 23% · confianza 25%

FCF escenarios

weak_data · normalized FCF $46.2M · quality 80.7/100

Data gap 38/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 82/100Data 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

49/100

C

Piotroski

3/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

20/100

SEC 0%

Latest source: unknownPeriods: 7Warnings: 1unknown: 7
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. ROE is -5.5%, below the 5% threshold
Thesis & Journal · PUBMLocal privado en este navegador · PubMatic, 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

$568M

P/E

N/A

•

EV/EBITDA

17.8x

↑

ROE

-5.5%

↓

Gross Margin

63.6%

↑

Debt/Equity

0.17

↓
52-Week Range$12
$6$14

TradingView lightweight chart

PUBM price, volumen y niveles de valoración

Último $12.22Periodo -58.5%
Fair value: $12.22

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2019–2025 · 6 años de histórico normalizado

Revenue CAGR

+16.4%

FCF CAGR

+10.4%

FCF margin

16.3%

FCF / Net income

-3.19x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $282.9M · net income $-14.5M · FCF $46.2M

2019-FY → 2025-FY

Gross margin

63.6%-4.7% pts

Operating margin

-6.1%-13.6% pts

Net margin

-5.1%-10.9% pts

FCF margin

16.3%-6.1% pts
MetricTTM
2025
2024
2023
2022
2021
2020
2019
Income Statement
Revenue$282.9M$282.9M$291.3M$267.0M$256.4M$226.9M$148.7M$113.9M
Net Income$-14.5M$-14.5M$12.5M$8.9M$28.7M$56.6M$26.6M$6.6M
EBITDA$26.5M$26.5M$49.3M$46.8M$74.8M$74.5M$47.5M$15.4M
EPS-0.31-0.310.230.160.501.000.460.04
Gross Margin63.6%63.6%65.3%62.8%68.2%74.3%72.3%68.3%
Operating Margin-6.1%-6.1%1.3%0.8%15.8%25.9%21.3%7.5%
Net Margin-5.1%-5.1%4.3%3.3%11.2%24.9%17.9%5.8%
Balance Sheet
Debt/Equity0.170.170.160.070.09———
Current Ratio1.371.37——————
Cash Flow
Free Cash Flow$46.2M$46.2M$34.9M$52.8M$38.3M$58.2M$153000.00$25.6M
Returns
ROE-5.5%-5.5%4.5%3.0%9.2%22.0%15.2%50.0%
Valuation
P/E——66.6592.8726.40———
EV/EBITDA17.8317.8315.7716.589.17———
P/B2.192.193.002.812.41———
Growth & Yield
Revenue Growth-2.9%-2.9%9.1%4.1%—52.5%30.6%—
EPS Growth-234.8%-234.8%43.8%-68.0%—117.4%1050.0%—

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

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%
Reverse DCF requires positive EPS; loss-making or zero-EPS companies cannot produce a clean EPS hurdle.

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 +4.4%

Total return

+4.4%

Start / end P/E

n/dx → n/dx

EPS bridge

0.23 → -0.31

Residual

+4.4%

EPS growthn/d
Multiple reratingn/d
Dividend+0.0%
Residual / FX / buybacks / cross-term+4.4%

EPS/multiple decomposition requires positive EPS at both endpoints; residual absorbs price move not explained by dividends.

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.