Company Valuation: The Trade Desk, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 44,045 21,945 35,282 58,010 18,357 8,988 - -
Change - -50.18% 60.78% 64.42% -68.35% -51.04% - -
Enterprise Value (EV) 1 43,291 20,498 33,901 56,088 17,054 7,362 6,732 6,166
Change - -52.65% 65.39% 65.44% -69.59% -56.83% -8.55% -8.41%
P/E 327x 408x 200x 151x 42.2x 19x 16x 14.3x
PBR 29x 10.4x 16.3x 19.8x 7.54x 2.96x 2.35x 1.92x
PEG - -6.7x 1x 1x 2.7x 1.6x 0.9x 1.2x
Capitalization / Revenue 36.8x 13.9x 18.1x 23.7x 6.34x 2.83x 2.58x 2.42x
EV / Revenue 36.2x 13x 17.4x 22.9x 5.89x 2.32x 1.93x 1.66x
EV / EBITDA 86.1x 30.7x 43.9x 55.5x 14.3x 5.85x 4.87x 4.19x
EV / EBIT 347x 180x 169x 131x 28.9x 11.1x 8.94x 7.22x
EV / FCF 134x 44.1x 61.5x 87.5x 21.8x 9.38x 7.54x 6.38x
FCF Yield 0.75% 2.27% 1.63% 1.14% 4.59% 10.7% 13.3% 15.7%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.28 0.11 0.36 0.78 0.9 1.006 1.192 1.34
Distribution rate - - - - - - - -
Net sales 1 1,196 1,578 1,946 2,445 2,896 3,177 3,484 3,711
EBITDA 1 502.7 667.7 771.5 1,011 1,196 1,257 1,383 1,471
EBIT 1 124.8 113.7 200.5 427.2 589.3 661.7 753.4 853.8
Net income 1 137.8 53.38 178.9 393.1 443.3 484.5 579.2 640.9
Net Debt 1 -754.2 -1,447 -1,380 -1,921 -1,303 -1,627 -2,256 -2,822
Reference price 2 91.64 44.83 71.96 117.53 37.96 19.12 19.12 19.12
Nbr of stocks (in thousands) 480,633 489,511 490,297 493,574 483,595 470,108 - -
Announcement Date 16/02/22 15/02/23 15/02/24 12/02/25 25/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.01x2.32x5.85x-.--% 8.99B
23.13x8.87x14.73x0.92% 2,980B
99.66x40.28x67.33x-.--% 322B
115.4x36.83x116.48x0.15% 119B
81.04x16.29x35.4x-.--% 101B
473.84x20.4x82.01x-.--% 93.38B
154.58x9.02x23.03x-.--% 79.85B
35.35x1.86x14.54x-.--% 65.06B
121.61x5.1x25.23x-.--% 44.48B
-36.29x4.79x22.95x-.--% 38.67B
Average 108.73x 14.58x 40.76x 0.11% 385.15B
Weighted average by Cap. 48.28x 12.62x 24.79x 0.72%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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