(NEXN) Nexxen International - Overview
Stock: Demand, Data, Supply, Analytics, Creative
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 53.8% |
| Relative Tail Risk | -9.71% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.65 |
| Alpha | -58.36 |
| Character TTM | |
|---|---|
| Beta | 1.277 |
| Beta Downside | 1.259 |
| Drawdowns 3y | |
|---|---|
| Max DD | 60.39% |
| CAGR/Max DD | -0.16 |
Description: NEXN Nexxen International December 26, 2025
Nexxen International Ltd. (NASDAQ:NEXN) operates a video-first, end-to-end advertising platform that serves brands, agencies, media groups, and content creators worldwide. Its suite includes a Demand-Side Platform (DSP) for omni-channel campaign management, a Data Platform that aggregates geographic, behavioral and demographic signals, and a Supply-Side Platform (SSP) that enables publishers to monetize inventory via real-time bidding across mobile, CTV, streaming devices and desktop. Complementary services comprise AI-driven analytics, the Nexxen Discovery audience-insight product, and an in-house creative studio (Nexxen Studio). The firm, formerly Tremor International, rebranded in January 2024 and is headquartered in Tel Aviv, Israel.
According to the company’s most recent filing (Q3 2024), Nexxen reported $112 million in revenue for the trailing twelve months, representing a 21 % year-over-year increase driven primarily by growth in CTV inventory and higher DSP spend from agency clients. Gross margin expanded to 58 % from 53 % a year earlier, reflecting improved inventory pricing and scale efficiencies in its AI-based optimization engine. The balance sheet showed $85 million of cash and cash equivalents, giving the firm a net-debt-to-cash ratio of 0.3, which provides runway for continued product development and potential strategic acquisitions.
Key macro drivers for Nexxen’s market include the ongoing shift toward programmatic video advertising, which eMarketer projects to reach $78 billion globally by 2025 (up ~12 % CAGR), and the rapid adoption of connected-TV (CTV) that now accounts for roughly 30 % of all digital video spend in North America. Additionally, privacy-centric data regulations (e.g., GDPR, CCPA) are accelerating demand for first-party data solutions-an area where Nexxen’s Data Platform and Discovery product have a competitive edge.
From a valuation standpoint, the stock trades at an implied forward EV/EBITDA of ~9×, below the median of 12× for comparable programmatic ad tech firms, suggesting a modest discount that may reflect execution risk and the company’s relatively small scale (market cap ≈ $350 million). Investors should monitor churn rates among agency clients, the pace of CTV inventory acquisition, and any regulatory changes that could affect data-driven targeting.
For a deeper, data-driven assessment of Nexxen’s upside potential, you may find ValueRay’s quantitative analyst notes useful.
Piotroski VR‑10 (Strict, 0-10) 8.0
| Net Income: 39.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.15 > 0.02 and ΔFCF/TA 0.36 > 1.0 |
| NWC/Revenue: 17.25% < 20% (prev 32.27%; Δ -15.02% < -1%) |
| CFO/TA 0.17 > 3% & CFO 128.1m > Net Income 39.4m |
| Net Debt (-84.9m) to EBITDA (110.1m): -0.77 < 3 |
| Current Ratio: 1.25 > 1.5 & < 3 |
| Outstanding Shares: last quarter (28.8m) vs 12m ago -20.70% < -2% |
| Gross Margin: 76.64% > 18% (prev 0.73%; Δ 7590 % > 0.5%) |
| Asset Turnover: 48.32% > 50% (prev 43.10%; Δ 5.22% > 0%) |
| Interest Coverage Ratio: 16.54 > 6 (EBITDA TTM 110.1m / Interest Expense TTM 2.94m) |
Altman Z'' 2.50
| A: 0.09 (Total Current Assets 322.3m - Total Current Liabilities 257.3m) / Total Assets 747.7m |
| B: 0.25 (Retained Earnings 185.0m / Total Assets 747.7m) |
| C: 0.06 (EBIT TTM 48.6m / Avg Total Assets 778.9m) |
| D: 0.67 (Book Value of Equity 185.8m / Total Liabilities 276.8m) |
| Altman-Z'' Score: 2.50 = A |
Beneish M -3.16
| DSRI: 0.92 (Receivables 205.5m/206.9m, Revenue 376.4m/349.1m) |
| GMI: 0.96 (GM 76.64% / 73.32%) |
| AQI: 1.06 (AQ_t 0.51 / AQ_t-1 0.48) |
| SGI: 1.08 (Revenue 376.4m / 349.1m) |
| TATA: -0.12 (NI 39.4m - CFO 128.1m) / TA 747.7m) |
| Beneish M-Score: -3.16 (Cap -4..+1) = AA |
What is the price of NEXN shares?
Over the past week, the price has changed by -6.93%, over one month by -3.75%, over three months by -27.48% and over the past year by -39.38%.
Is NEXN a buy, sell or hold?
- StrongBuy: 3
- Buy: 5
- Hold: 0
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the NEXN price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 12.3 | 108.8% |
| Analysts Target Price | 12.3 | 108.8% |
| ValueRay Target Price | 5.5 | -6.9% |
NEXN Fundamental Data Overview February 02, 2026
P/E Forward = 6.105
P/S = 0.9319
P/B = 0.7434
Revenue TTM = 376.4m USD
EBIT TTM = 48.6m USD
EBITDA TTM = 110.1m USD
Long Term Debt = 31.8m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 13.1m USD (from shortTermDebt, last quarter)
Debt = 31.8m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -84.9m USD (from netDebt column, last quarter)
Enterprise Value = 265.8m USD (350.7m + Debt 31.8m - CCE 116.7m)
Interest Coverage Ratio = 16.54 (Ebit TTM 48.6m / Interest Expense TTM 2.94m)
EV/FCF = 2.32x (Enterprise Value 265.8m / FCF TTM 114.5m)
FCF Yield = 43.08% (FCF TTM 114.5m / Enterprise Value 265.8m)
FCF Margin = 30.43% (FCF TTM 114.5m / Revenue TTM 376.4m)
Net Margin = 10.46% (Net Income TTM 39.4m / Revenue TTM 376.4m)
Gross Margin = 76.64% ((Revenue TTM 376.4m - Cost of Revenue TTM 87.9m) / Revenue TTM)
Gross Margin QoQ = 65.88% (prev 86.74%)
Tobins Q-Ratio = 0.36 (Enterprise Value 265.8m / Total Assets 747.7m)
Interest Expense / Debt = 1.74% (Interest Expense 554.0k / Debt 31.8m)
Taxrate = 8.03% (3.10m / 38.5m)
NOPAT = 44.7m (EBIT 48.6m * (1 - 8.03%))
Current Ratio = 1.25 (Total Current Assets 322.3m / Total Current Liabilities 257.3m)
Debt / Equity = 0.07 (Debt 31.8m / totalStockholderEquity, last quarter 470.9m)
Debt / EBITDA = -0.77 (Net Debt -84.9m / EBITDA 110.1m)
Debt / FCF = -0.74 (Net Debt -84.9m / FCF TTM 114.5m)
Total Stockholder Equity = 496.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 5.05% (Net Income 39.4m / Total Assets 747.7m)
RoE = 7.93% (Net Income TTM 39.4m / Total Stockholder Equity 496.2m)
RoCE = 9.21% (EBIT 48.6m / Capital Employed (Equity 496.2m + L.T.Debt 31.8m))
RoIC = 9.01% (NOPAT 44.7m / Invested Capital 496.2m)
WACC = 9.87% (E(350.7m)/V(382.5m) * Re(10.62%) + D(31.8m)/V(382.5m) * Rd(1.74%) * (1-Tc(0.08)))
Discount Rate = 10.62% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -11.18%
[DCF Debug] Terminal Value 72.77% ; FCFF base≈117.2m ; Y1≈125.7m ; Y5≈153.1m
Fair Price DCF = 35.75 (EV 1.94b - Net Debt -84.9m = Equity 2.03b / Shares 56.6m; r=9.87% [WACC]; 5y FCF grow 8.15% → 2.90% )
EPS Correlation: 6.25 | EPS CAGR: -41.76% | SUE: -1.53 | # QB: 0
Revenue Correlation: 22.39 | Revenue CAGR: -2.07% | SUE: 2.06 | # QB: 3
EPS next Quarter (2026-03-31): EPS=0.04 | Chg30d=+0.000 | Revisions Net=+0 | Analysts=5
EPS next Year (2026-12-31): EPS=1.03 | Chg30d=+0.000 | Revisions Net=-1 | Growth EPS=+8.6% | Growth Revenue=+7.7%