Jul. 30 at 4:25 PM
$CRTO even after including stock based compensation, this trades at a P/E of 6x with 20% of its market cap in cash and no debt. Valued at a staggering 2.7x trailing EBITDA including stock-based compensation, only 2.3x Adjusted EBITDA excluding stock based compensation.
For a mid-single digit top line grower, 30%+ EBITDA margin business with ~45-50% free cash flow conversion….
With the current buyback, they’ll repurchase 10% of the shares outstanding at this price and valuation.
I’m sorry, but this is insane.
Yep, let’s go buy PLTR at 100x revenue…