Comscore, Inc. (NASDAQ: SCOR)

Sector: Communication Services Industry: Internet Content & Information CIK: 0001158172
Market Cap 45.54 Mn
P/B -1.73
P/E -1.61
P/S 0.13
ROIC (Qtr) 17.36
Div Yield % 0.00
Rev 1y % (Qtr) 0.48
Total Debt (Qtr) 56.71 Mn
Debt/Equity (Qtr) -2.16

About

Comscore, Inc., a technology company with the ticker symbol SCOR, operates in the digital intelligence industry, providing data and analytics solutions to measure the digital media landscape. The company's primary offerings include Comscore Media Metrix, Comscore Video Metrix, Comscore Mobile Metrix, and Comscore Social, which provide insights into audience behavior, demographics, and engagement metrics for various digital media properties, including websites, mobile apps, online video content, and social media platforms. Comscore's business model...

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Price action

Investment thesis

Bull case

  • Healthy cash reserves of 29.88M provide 3.52x coverage of short-term debt 8.50M, demonstrating strong liquidity position and minimal refinancing risk.
  • Strong tangible asset base of 155.28M provides 2.74x coverage of total debt 56.70M, indicating robust asset backing and low credit risk.
  • Retained earnings of (1.50B) represent substantial 57.17x of equity (26.26M), indicating strong internal capital generation.
  • R&D investment of 31.76M represents healthy 0.80x of deferred revenue 39.88M, indicating strong future innovation pipeline.
  • Operating cash flow of 9.45M provides strong 6.68x coverage of tax liabilities 1.42M, showing excellent fiscal position.

Bear case

  • Operating cash flow of 9.45M barely covers its investment activities of (22.70M), with a coverage ratio of -0.42, indicating heavy reliance on external financing for growth which may not be sustainable in a tighter credit environment.
  • Investment activities of (22.70M) provide weak support for R&D spending of 31.76M, which is -0.71x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • Operating cash flow of 9.45M provides insufficient coverage of deferred revenue obligations of 39.88M, which is 0.24x, raising concerns about future service delivery capabilities.
  • Free cash flow of (13.25M) provides weak coverage of capital expenditures of 22.70M, with a -0.58 ratio suggesting additional external financing needs for growth initiatives.
  • The company's operating cash flow of 9.45M shows concerning coverage of stock compensation expenses of 3.79M, with a 2.50 ratio indicating potential earnings quality issues.

Geographical Breakdown of Revenue (2024)

Product and Service Breakdown of Revenue (2024)

Peer comparison

Companies in the Internet Content & Information
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 GOOGL Alphabet Inc. 4,538.16 Bn 131.46 27.23 33.71 Bn
2 META Meta Platforms, Inc. 1,747.49 Bn 74.30 23.25 51.06 Bn
3 SPOT Spotify Technology S.A. 103.00 Bn 62.32 5.18 2.57 Bn
4 BIDU Baidu, Inc. 62.73 Bn 49.63 3.42 13.66 Bn
5 RDDT Reddit, Inc. 32.18 Bn 92.16 16.90 0.03 Bn
6 NBIS Nebius Group N.V. 27.81 Bn 127.53 81.80 4.51 Bn
7 TME Tencent Music Entertainment Group 24.66 Bn 15.77 5.54 0.54 Bn
8 PINS Pinterest, Inc. 16.95 Bn 8.53 4.18 0.21 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 0.19 1.10
EV to Cash from Ops. EV/CFO 7.99 -3.08
EV to Debt EV to Debt 1.33 28.98
EV to EBIT EV/EBIT -120.70 -26.54
EV to EBITDA EV/EBITDA 2.29 9.30
EV to Free Cash Flow [EV/FCF] EV/FCF -5.70 -67.01
EV to Market Cap EV to Market Cap 1.66 0.90
EV to Revenue EV/Rev 0.21 61.25
Price to Book Value [P/B] P/B -1.73 1.56
Price to Earnings [P/E] P/E -1.61 2.92
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Div Coverage (Qtr) -1.54 0.33
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 -8.92
Dividend per Basic Share Div per Share (Qtr) 0.00 0.31
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 2.58
Interest Coverage Int. cover (Qtr) -0.11 -202.56
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) 8.12 -24.06
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 48.05 175.36
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 0.94
EBIAT Growth (1y) % EBIAT 1y % (Qtr) 98.87 31.53
EBITDA Growth (1y) % EBITDA 1y % (Qtr) 156.75 -472.14
EBIT Growth (1y) % EBIT 1y % (Qtr) 99.32 32.66
EBT Growth (1y) % EBT 1y % (Qtr) 93.47 -25.80
EPS Growth (1y) % EPS 1y % (Qtr) 74.99 -18.36
FCF Growth (1y) % FCF 1y % (Qtr) -738.10 20.83
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) -3.51 19.58
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.88 0.74
Cash Payout Ratio Cash Payout (Qtr) 0.00 0.02
Cash Ratio Cash Ratio (Qtr) 0.21 1.54
Current Ratio Curr Ratio (Qtr) 0.65 3.38
Debt to Equity Ratio Debt/Equity (Qtr) -2.16 -0.39
Interest Cover Ratio Int Coverage (Qtr) -0.11 -202.56
Times Interest Earned Times Interest Earned (Qtr) -0.11 -202.56
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) 8.50 -4,283.87
EBIT Margin % EBIT Margin % (Qtr) -0.17 -4,786.62
EBT Margin % EBT Margin % (Qtr) -1.69 -5,002.12
Gross Margin % Gross Margin % (Qtr) 40.90 58.65
Net Profit Margin % Net Margin % (Qtr) -7.90 -5,003.08