Perion Network Ltd

Chart & Performance

D1W1MN

P/E

3.34

P/S

0.53

EPS

2.48

Div Yield, %

0.00%

Shrs. gr., 5y

14.13%

Rev. gr., 5y

24.06%

Revenues

743m

+16.07%

Net income

117m

+18.33%

CFO

155m

+27.30%

Dividend

Mar 23, 20110.4 USD/sh

Earnings

Feb 05, 2025

Profile

Perion Network Ltd. provides digital advertising solutions to brands, agencies, and publishers in North America, Europe, and internationally. It provides Wildfire, a content monetization platform; search monetization solutions, including website monetization, search mediation, and app monetization; and cross-channel digital advertising software as a service platform. The company also offers supply management platform; demand management platform for campaign planning and design; analytics platform, which provides information and performance insights on the results of campaign investment and other campaign metrics; creative platform to create advertisements; and an AI platform that uses machine learning to bring intelligence to the various phases of campaigns. In addition, it provides an actionable performance monitoring platform to support the various phases of campaign management; an online video player and integrated ad server to upload, manage, and stream video content; content monetization system, which integrates ads within the content layouts at the page level. Further, the company offers a publisher management system that provides analytics and performance optimization tools, as well as reports; search-demand management systems; monetization products that integrate and onboards demand vendors; and AI Systems. Additionally, it provides Intelligent HUB (iHUB), a platform for pulling in signals across various advertising channels and optimizing traffic at scale, and yielding engagement metrics and KPIs; and strategic optimization of relevant traits (SORT), a provisional patent technology that eliminates the need for cookies. The company was formerly known as IncrediMail Ltd. and changed its name to Perion Network Ltd. in November 2011. Perion Network Ltd. was incorporated in 1999 and is headquartered in Holon, Israel.

URL

https://www.perion.com/

IPO date

Feb 03, 2006

Employees

440

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	743,155 16.07%	640,256 33.81%	478,498 45.86%
Cost of revenue	593,629	517,256	422,705
Unusual Expense (Income)
NOPBT	149,526	123,000	55,793
NOPBT Margin	20.12%	19.21%	11.66%
Operating Taxes	20,278	14,439	6,609
Tax Rate	13.56%	11.74%	11.85%
NOPAT	129,248	108,561	49,184
Net income	117,413 18.33%	99,225 156.36%	38,706 278.54%
Dividends
Dividend yield
Proceeds from repurchase of equity	2,433	5,833	6,898
BB yield	-0.16%	-0.48%	-0.76%
Debt
Debt current	4,198	3,900	3,615
Long-term debt	11,094	19,060	23,163
Deferred revenue		(791)
Other long-term liabilities	15,643	44,896	42,791
Net debt	(466,145)	(406,666)	(294,868)
Cash flow
Cash from operating activities	155,463	122,119	71,106
CAPEX	(811)	(1,046)	(532)
Cash from investing activities	(133,354)	(46,816)	(243,470)
Cash from financing activities	(10,823)	(3,258)	229,054
FCF	133,201	110,609	60,431
Balance
Cash	472,675	429,626	321,646
Long term investments	8,762
Excess cash	444,279	397,613	297,721
Stockholders' equity	188,529	70,602	(28,192)
Invested Capital	552,907	568,117	551,332
ROIC	23.06%	19.40%	11.31%
ROCE	20.17%	19.23%	10.67%
EV
Common stock shares outstanding	50,074	48,072	37,830
Price	30.87 22.02%	25.30 5.20%	24.05 88.92%
Market cap	1,545,784 27.10%	1,216,212 33.68%	909,805 148.18%
EV	1,079,639	809,546	614,937
EBITDA	163,618	136,838	65,690
EV/EBITDA	6.60	5.92	9.36
Interest	357	4,502	581
Interest/NOPBT	0.24%	3.66%	1.04%