(CRTO) Criteo - Overview
Sector: Communication Services | Industry: Advertising Agencies | Exchange: NASDAQ (USA) | Market Cap: 869m USD | Total Return: -28.4% in 12m
Avg Turnover: 6.49M
EPS Trend: 84.4%
Qual. Beats: 1
Rev. Trend: -17.7%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Criteo S.A. (CRTO) is a Paris-based technology firm specializing in commerce media through two primary segments: Retail Media and Performance Media. The company provides a suite of tools, including Commerce Max and Commerce Yield, designed to connect brands and retailers with consumers at the digital point of sale. By leveraging its proprietary Criteo Shopper Graph, the firm enables closed-loop measurement and return-on-ad-spend (ROAS) optimization for advertisers across the open internet.
The business model relies on high-margin software-as-a-service (SaaS) and transaction-based revenue within the rapidly growing retail media sector. Unlike traditional search or social advertising, retail media focuses on the bottom of the funnel, placing ads directly on e-commerce sites where purchase intent is highest. This sector is currently undergoing a structural shift as privacy regulations phase out third-party cookies, forcing advertisers to pivot toward first-party data solutions like those provided by Criteo.
Investors can evaluate the long-term sustainability of these revenue streams by reviewing the detailed financial breakdowns on ValueRay. Criteo continues to serve a global client base spanning retail, travel, and marketplaces across the Americas, EMEA, and Asia-Pacific regions.
- Retail Media segment growth offsets legacy retargeting revenue declines
- Google Privacy Sandbox implementation timeline impacts cookieless advertising performance
- Expansion of Commerce Max platform drives brand and agency adoption
- Higher margin software services shift improves overall corporate profitability
- Global consumer spending trends dictate advertiser demand for performance media
| Net Income: 114.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA -2.04 > 1.0 |
| NWC/Revenue: 10.60% < 20% (prev 10.19%; Δ 0.41% < -1%) |
| CFO/TA 0.14 > 3% & CFO 297.3m > Net Income 114.5m |
| Net Debt (-214.6m) to EBITDA (300.6m): -0.71 < 3 |
| Current Ratio: 1.28 > 1.5 & < 3 |
| Outstanding Shares: last quarter (51.0m) vs 12m ago -10.89% < -2% |
| Gross Margin: 53.97% > 18% (prev 0.52%; Δ 5.34k% > 0.5%) |
| Asset Turnover: 91.34% > 50% (prev 90.92%; Δ 0.42% > 0%) |
| Interest Coverage Ratio: 61.18 > 6 (EBITDA TTM 300.6m / Interest Expense TTM 2.74m) |
| A: 0.10 (Total Current Assets 940.3m - Total Current Liabilities 737.0m) / Total Assets 2.07b |
| B: 0.31 (Retained Earnings 635.9m / Total Assets 2.07b) |
| C: 0.08 (EBIT TTM 167.5m / Avg Total Assets 2.10b) |
| D: 0.62 (Book Value of Equity 560.5m / Total Liabilities 902.6m) |
| Altman-Z'' = 2.83 = A |
| DSRI: 0.75 (Receivables 522.4m/706.9m, Revenue 1.92b/1.93b) |
| GMI: 0.96 (GM 53.97% / 51.83%) |
| AQI: 1.04 (AQ_t 0.41 / AQ_t-1 0.39) |
| SGI: 0.99 (Revenue 1.92b / 1.93b) |
| TATA: -0.09 (NI 114.5m - CFO 297.3m) / TA 2.07b) |
| Beneish M = -3.35 (Cap -4..+1) = AA |
As of May 30, 2026, the stock is trading at USD 18.25 with a total of 394,386 shares traded.
Over the past week, the price has changed by +6.29%,
over one month by -6.02%,
over three months by +2.13% and
over the past year by -28.38%.
Criteo has received a consensus analysts rating of 4.31. Therefore, it is recommended to buy CRTO.
- StrongBuy: 8
- Buy: 1
- Hold: 4
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 24.6 | 35% |
P/E Trailing = 8.1174
P/E Forward = 4.3802
P/S = 0.4529
P/B = 0.7673
P/EG = 0.8885
Revenue TTM = 1.92b USD
EBIT TTM = 167.5m USD
EBITDA TTM = 300.6m USD
Long Term Debt = 99.2m USD (estimated: total debt 133.7m - short term 34.5m)
Short Term Debt = 34.5m USD (from shortTermDebt, last quarter)
Debt = 133.7m USD (from shortLongTermDebtTotal, last quarter) (leases 133.7m already included)
Net Debt = -214.6m USD (calculated: Debt 133.7m - CCE 348.3m)
Enterprise Value = 654.1m USD (868.7m + Debt 133.7m - CCE 348.3m)
Interest Coverage Ratio = 61.18 (Ebit TTM 167.5m / Interest Expense TTM 2.74m)
EV/FCF = 3.66x (Enterprise Value 654.1m / FCF TTM 178.7m)
FCF Yield = 27.31% (FCF TTM 178.7m / Enterprise Value 654.1m)
FCF Margin = 9.31% (FCF TTM 178.7m / Revenue TTM 1.92b)
Net Margin = 5.97% (Net Income TTM 114.5m / Revenue TTM 1.92b)
Gross Margin = 53.97% ((Revenue TTM 1.92b - Cost of Revenue TTM 883.0m) / Revenue TTM)
Gross Margin QoQ = 52.45% (prev 54.96%)
Tobins Q-Ratio = 0.32 (Enterprise Value 654.1m / Total Assets 2.07b)
Interest Expense / Debt = 2.05% (Interest Expense 2.74m / Debt 133.7m)
Taxrate = 30.09% (3.69m / 12.3m)
NOPAT = 117.1m (EBIT 167.5m * (1 - 30.09%))
Current Ratio = 1.28 (Total Current Assets 940.3m / Total Current Liabilities 737.0m)
Debt / Equity = 0.12 (Debt 133.7m / totalStockholderEquity, last quarter 1.13b)
Debt / EBITDA = -0.71 (Net Debt -214.6m / EBITDA 300.6m)
Debt / FCF = -1.20 (Net Debt -214.6m / FCF TTM 178.7m)
Total Stockholder Equity = 1.13b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.45% (Net Income 114.5m / Total Assets 2.07b)
RoE = 10.17% (Net Income TTM 114.5m / Total Stockholder Equity 1.13b)
RoCE = 13.67% (EBIT 167.5m / Capital Employed (Equity 1.13b + L.T.Debt 99.2m))
RoIC = 9.03% (NOPAT 117.1m / Invested Capital 1.30b)
WACC = 7.77% (E(868.7m)/V(1.00b) * Re(8.75%) + D(133.7m)/V(1.00b) * Rd(2.05%) * (1-Tc(0.30)))
Discount Rate = 8.75% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -95.56 | Cagr: -6.78%
[DCF] Terminal Value 73.10% ; FCFF base≈198.0m ; Y1≈173.6m ; Y5≈140.3m
[DCF] Fair Price = 49.09 (EV 2.25b - Net Debt -214.6m = Equity 2.47b / Shares 50.2m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 84.39 | EPS CAGR: 27.84% | SUE: 1.02 | # QB: 1
Revenue Correlation: -17.67 | Revenue CAGR: -0.13% | SUE: 0.59 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.69 | Chg30d=-22.31% | Revisions=-56% | Analysts=6
EPS next Quarter (2026-09-30): EPS=0.99 | Chg30d=-6.68% | Revisions=-11% | Analysts=6
EPS current Year (2026-12-31): EPS=4.22 | Chg30d=-1.17% | Revisions=+0% | GrowthEPS=-8.6% | GrowthRev=-2.9%
EPS next Year (2027-12-31): EPS=4.48 | Chg30d=-2.77% | Revisions=-45% | GrowthEPS=+6.3% | GrowthRev=+5.4%
[Analyst] Revisions Ratio: -56%