MGNI Stock Analysis: Magnite | NASDAQ
Advertising Agencies | NASDAQ, USA | Market Cap: 3.356m USD | 12M Return: 15.2% | US55955D1000 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 50.1M
EPS Trend: 89.2%
Qual. Beats: 1
Rev. Trend: 99.5%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Magnite, Inc. (MGNI) operates an independent omni-channel sell-side advertising platform that connects publishers controlling digital ad inventory with buyers such as advertisers, agencies, and demand-side platforms. Headquartered in New York and founded in 2007, the company is a notable player in the ad-tech sector, with a particular focus on monetizing inventory across Connected TV (CTV) channels, apps, and websites. The platform also functions as an independent marketplace facilitating transactions between buyers and sellers. Magnite was originally known as The Rubicon Project before rebranding in July 2020.
- CTV revenue growth accelerates as streaming ad spend scales
- Competition intensifies against Google and Amazon in ad tech
- Macro ad spend softness pressures sell-side platform take rates
| Net Income: 166.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA 1.21 > 1.0 |
| NWC/Revenue: 5.75% < 20% (prev -1.23%; Δ 6.98% < -1%) |
| CFO/TA 0.09 > 3% & CFO 280.9m > Net Income 166.9m |
| Net Debt (150.9m) to EBITDA (170.4m): 0.89 < 3 |
| Current Ratio: 1.03 > 1.5 & < 3 |
| Outstanding Shares: last quarter (147.2m) vs 12m ago -0.73% < -2% |
| Gross Margin: 64.78% > 18% (prev 62.33%; Δ 2.46% > 0.5%) |
| Asset Turnover: 24.90% > 50% (prev 23.40%; Δ 1.50% > 0%) |
| Interest Coverage Ratio: 3.85 > 6 (EBIT TTM 115.6m / Interest Expense TTM 30.0m) |
| A: 0.01 (Total Current Assets 1.75b - Total Current Liabilities 1.70b) / Total Assets 3.03b |
| B: -0.16 (Retained Earnings -492.8m / Total Assets 3.03b) |
| C: 0.04 (EBIT TTM 115.6m / Avg Total Assets 2.98b) |
| D: 0.45 (Book Value of Equity 936.3m / Total Liabilities 2.10b) |
| Altman-Z'' = 0.29 = B |
| DSRI: 0.98 (Receivables 1.38b/1.30b, Revenue 742.0m/685.1m) |
| GMI: 0.96 (GM 62.33% / 64.78%) |
| AQI: 1.05 (AQ_t 0.37 / AQ_t-1 0.35) |
| SGI: 1.08 (Revenue 742.0m / 685.1m) |
| TATA: -0.04 (NI 166.9m - CFO 280.9m) / TA 3.03b) |
| Beneish M = -2.99 (Cap -4..+1) = A |
As of September 30, 2026, the stock is trading at USD 25.67 with a total of 4,134,308 shares traded. Over the past week, the price has changed by +3.51%, over one month by +9.28%, over three months by +34.40% and over the past year by +15.22%.
Current recommended Stop Loss: 24.00 (which is 6.5% or 1.7 ATR below the current price).
Magnite has received a consensus analysts rating of 4.62. Therefore, it is recommended to buy MGNI.
- StrongBuy: 9
- Buy: 3
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 28.8 | 12.2% |
P/E Trailing = 21.2727
P/E Forward = 22.1729
P/S = 4.5228
P/B = 3.6872
P/EG = 0.0892
Revenue TTM = 742.0m USD
EBIT TTM = 115.6m USD
EBITDA TTM = 170.4m USD
Long Term Debt = 346.8m USD (from longTermDebt, last quarter)
Short Term Debt = 27.5m USD (from shortTermDebt, last quarter)
Debt = 483.6m USD (from shortLongTermDebtTotal, last quarter) + Leases 66.6m
Net Debt = 150.9m USD (calculated: Debt 483.6m - CCE 332.6m)
Enterprise Value = 3.51b USD (3.36b + Debt 483.6m - CCE 332.6m)
Interest Coverage Ratio = 3.85 (Ebit TTM 115.6m / Interest Expense TTM 30.0m)
EV/FCF = 16.53x (Enterprise Value 3.51b / FCF TTM 212.1m)
FCF Yield = 6.05% (FCF TTM 212.1m / Enterprise Value 3.51b)
FCF Margin = 28.59% (FCF TTM 212.1m / Revenue TTM 742.0m)
Net Margin = 22.49% (Net Income TTM 166.9m / Revenue TTM 742.0m)
Gross Margin = 64.78% ((Revenue TTM 742.0m - Cost of Revenue TTM 261.3m) / Revenue TTM)
Gross Margin QoQ = 67.83% (prev 63.25%)
Tobins Q-Ratio = 1.16 (Enterprise Value 3.51b / Total Assets 3.03b)
Interest Expense / Debt = 6.21% (Interest Expense 30.0m / Debt 483.6m)
Taxrate = 24.18% (6.18m / 25.5m)
NOPAT = 87.6m (EBIT 115.6m * (1 - 24.18%))
Current Ratio = 1.03 (Total Current Assets 1.75b / Total Current Liabilities 1.70b)
Debt / Equity = 0.52 (Debt 483.6m / totalStockholderEquity, last quarter 936.3m)
Debt / EBITDA = 0.89 (Net Debt 150.9m / EBITDA 170.4m)
Debt / FCF = 0.71 (Net Debt 150.9m / FCF TTM 212.1m)
Total Stockholder Equity = 896.1m (last 4 quarters mean from totalStockholderEquity)
RoA = 5.60% (Net Income 166.9m / Total Assets 3.03b)
RoE = 18.62% (Net Income TTM 166.9m / Total Stockholder Equity 896.1m)
RoCE = 9.30% (EBIT 115.6m / Capital Employed (Equity 896.1m + L.T.Debt 346.8m))
RoIC = 6.64% (NOPAT 87.6m / Invested Capital 1.32b)
WACC = 11.75% (E(3.36b)/V(3.84b) * Re(12.77%) + D(483.6m)/V(3.84b) * Rd(6.21%) * (1-Tc(0.24)))
Discount Rate = 12.77% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 55.36 | Cagr: 2.47%
[DCF] Terminal Value 67.78% ; FCFF base≈195.0m ; Y1≈223.6m ; Y5≈329.0m
[DCF] Fair Price = 20.45 (EV 3.08b - Net Debt 150.9m = Equity 2.93b / Shares 143.4m; r=11.75% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 89.17 | EPS CAGR: 19.18% | SUE: 2.58 | # QB: 1
Revenue Correlation: 99.52 | Revenue CAGR: 7.03% | SUE: 0.63 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.28 | Chg30d=+0.00% | Revisions=+22% | Analysts=9
EPS current Year (2026-12-31): EPS=1.10 | Chg30d=+0.00% | Revisions=+25% | GrowthEPS=+26.9% | GrowthRev=+13.7%
EPS next Year (2027-12-31): EPS=1.29 | Chg30d=+0.00% | Revisions=+42% | GrowthEPS=+16.8% | GrowthRev=+9.8%
[Analyst] Revisions Ratio: +37% (up=17, down=7)