Magnite, Inc.Find Ratings Reports
MAGNITE INC's gross profit margin for the third quarter of its fiscal year 2021 has decreased when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line. MAGNITE INC has average liquidity. Currently, the Quick Ratio is 1.11 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has increased from the same period last year, indicating improving cash flow.
At the same time, stockholders' equity ("net worth") has greatly increased by 146.19% from the same quarter last year. Together, the key liquidity measurements indicate that it is relatively unlikely that the company will face financial difficulties in the near future.
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|Income Statement||Q3 FY21||Q3 FY20|
|Net Sales ($mil)||131.87||60.98|
|Net Income ($mil)||-24.32||-10.52|
|Balance Sheet||Q3 FY21||Q3 FY20|
|Cash & Equiv. ($mil)||188.18||104.4|
|Total Assets ($mil)||2533.11||866.47|
|Total Debt ($mil)||793.97||45.42|
|Profitability||Q3 FY21||Q3 FY20|
|Gross Profit Margin||70.59||81.22|
|Return on Assets||0.21||-6.67|
|Return on Equity||0.63||-16.23|
|Debt||Q3 FY21||Q3 FY20|
|Share Data||Q3 FY21||Q3 FY20|
|Shares outstanding (mil)||131.79||110.71|
|Div / share||0.0||0.0|
|Book value / share||6.65||3.22|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||2076637.0||2302329.0|
HOLD. MAGNITE INC's P/E ratio indicates a significant premium compared to an average of 46.26 for the Professional, Scientific, and Technical Services subsector and a significant premium compared to the S&P 500 average of 29.61. For additional comparison, its price-to-book ratio of 2.91 indicates a significant discount versus the S&P 500 average of 4.73 and a significant discount versus the subsector average of 10.18. The price-to-sales ratio is well above both the S&P 500 average and the subsector average, indicating a premium. The valuation analysis reveals that, MAGNITE INC seems to be trading at a premium to investment alternatives.
|MGNI 967.50||Peers 46.26||MGNI 35.09||Peers 31.92|
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations.
MGNI is trading at a significant premium to its peers.
Average. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.
MGNI is trading at a valuation on par to its peers.
|MGNI 24.19||Peers 30.63||MGNI NM||Peers 1.83|
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.
MGNI is trading at a premium to its peers.
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.
MGNI's negative PEG ratio makes this valuation measure meaningless.
|MGNI 2.91||Peers 10.18||MGNI 103.27||Peers 112.08|
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.
MGNI is trading at a significant discount to its peers.
Average. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
MGNI is expected to keep pace with its peers on the basis of earnings growth.
|MGNI 6.55||Peers 5.48||MGNI 106.86||Peers 17.72|
Premium. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.
MGNI is trading at a premium to its subsector on this measurement.
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share.
MGNI has a sales growth rate that significantly exceeds its peers.