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TTGT - TechTarget, Inc.

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TechTarget, Inc.

TTGT

NASDAQ

TechTarget, Inc., together with its subsidiaries, provides marketing and sales services that deliver business impact for business-to-business technology companies in North America and internationally. It also provides purchase-intent marketing and sales services for enterprise technology vendors; and customized marketing programs that integrate demand generation, brand advertising techniques, and content curation and creation. The company offers online services, including IT Deal Alert, including priority engine, qualified sales opportunities, deal data services; demand solutions, such as white papers, webcasts, podcasts, videocasts, virtual trade shows, and content sponsorships; brand solutions comprise on-network, off-network, and microsites and related formats branding; custom content creation services; and BrightTALK platform that allows customers to create, host and promote webinars, virtual events, and video content. It also operates an integrated content platform that consists of a network of approximately 150 websites, and 1,080 webinars and virtual event channels that focus on a specific IT sector, such as storage, security, or networking. In addition, the company enables registered members to conduct their pre-purchase research by accessing vendor supplied content through its virtual event and webinar channels, and website networks. TechTarget, Inc. was incorporated in 1999 and is headquartered in Newton, Massachusetts.

7.99 USD

-0.02 (-0.25%)

Operating Data

Year

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

Revenue

133.96M

148.38M

263.43M

297.49M

229.96M

252.51M

277.27M

304.45M

334.3M

367.07M

Revenue %

-

10.76

77.54

12.93

-22.7

9.8

9.8

9.8

9.8

Ebitda

27.74M

29.76M

54.8M

75.9M

18.86M

48.12M

52.84M

58.02M

63.71M

69.95M

Ebitda %

20.71

20.06

20.8

25.51

8.2

19.06

19.06

19.06

19.06

Ebit

22.74M

22.82M

34.35M

57.55M

-2.27M

32.2M

35.36M

38.82M

42.63M

46.81M

Ebit %

16.97

15.38

13.04

19.35

-0.99

12.75

12.75

12.75

12.75

Depreciation

5M

6.94M

20.45M

18.35M

21.13M

15.92M

17.48M

19.2M

21.08M

23.15M

Depreciation %

3.73

4.68

7.76

6.17

9.19

6.31

6.31

6.31

6.31

Balance Sheet

Year

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

Total Cash

57.5M

82.7M

381.7M

364.73M

326.27M

201.33M

221.07M

242.74M

266.54M

292.68M

Total Cash %

42.92

55.74

144.9

122.6

141.88

79.73

79.73

79.73

79.73

Receivables

27.1M

40.18M

51.09M

60.36M

39.24M

52.55M

57.71M

63.36M

69.58M

76.4M

Receivables %

20.23

27.08

19.4

20.29

17.06

20.81

20.81

20.81

20.81

Inventories

1

-

-

1

-

0.55

0.6

0.66

0.72

0.79

Inventories %

0

-

-

0

-

0

0

0

0

Payable

2.04M

4.3M

3.78M

3.3M

5.31M

4.68M

5.14M

5.65M

6.2M

6.81M

Payable %

1.52

2.9

1.44

1.11

2.31

1.85

1.85

1.85

1.85

Cap Ex

-6.33M

-6.66M

-12.63M

-14.03M

-14.63M

-12.67M

-13.91M

-15.28M

-16.78M

-18.42M

Cap Ex %

-4.73

-4.49

-4.79

-4.72

-6.36

-5.02

-5.02

-5.02

-5.02

Weighted Average Cost Of Capital

Price

7.99

Beta

Diluted Shares Outstanding

28.49M

Costof Debt

5.63

Tax Rate

After Tax Cost Of Debt

1.74

Risk Free Rate

Market Risk Premium

Cost Of Equity

Total Debt

431.16M

Total Equity

227.67M

Total Capital

658.84M

Debt Weighting

65.44

Equity Weighting

34.56

Wacc

5.16

Build Up Free Cash Flow

Year

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

Revenue

133.96M

148.38M

263.43M

297.49M

229.96M

252.51M

277.27M

304.45M

334.3M

367.07M

Ebitda

27.74M

29.76M

54.8M

75.9M

18.86M

48.12M

52.84M

58.02M

63.71M

69.95M

Ebit

22.74M

22.82M

34.35M

57.55M

-2.27M

32.2M

35.36M

38.82M

42.63M

46.81M

Tax Rate

69.06

69.06

69.06

69.06

69.06

69.06

69.06

69.06

69.06

69.06

Ebiat

17.4M

17.31M

2.94M

41.61M

-701.99k

17.01M

18.68M

20.51M

22.52M

24.73M

Depreciation

5M

6.94M

20.45M

18.35M

21.13M

15.92M

17.48M

19.2M

21.08M

23.15M

Receivables

27.1M

40.18M

51.09M

60.36M

39.24M

52.55M

57.71M

63.36M

69.58M

76.4M

Inventories

1

-

-

1

-

0.55

0.6

0.66

0.72

0.79

Payable

2.04M

4.3M

3.78M

3.3M

5.31M

4.68M

5.14M

5.65M

6.2M

6.81M

Cap Ex

-6.33M

-6.66M

-12.63M

-14.03M

-14.63M

-12.67M

-13.91M

-15.28M

-16.78M

-18.42M

Ufcf

-9M

6.77M

-670.32k

36.18M

28.93M

6.32M

17.56M

19.28M

21.17M

23.24M

Wacc

5.16

5.16

5.16

5.16

5.16

Pv Ufcf

6.01M

15.88M

16.58M

17.31M

18.07M

Sum Pv Ufcf

73.84M

Terminal Value

Growth In Perpetuity Method

Long Term Growth Rate

Wacc

5.16

Free Cash Flow T1

24.06M

Terminal Value

1.45B

Present Terminal Value

1.13B

Intrinsic Value

Enterprise Value

1.2B

Net Debt

204.5M

Equity Value

996.45M

Diluted Shares Outstanding

28.49M

Equity Value Per Share

34.97

Projected DCF

34.97 0.772%

DCF Levered

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