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Digital Turbine

Nasdaq:APPS
Snowflake Description

Flawless balance sheet with high growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
APPS
Nasdaq
$683M
Market Cap
  1. Home
  2. US
  3. Software
Company description

Digital Turbine, Inc., through its subsidiaries, provides media and mobile communication products and solutions for mobile operators, application developers, device original equipment manufacturers (OEMs), and other third parties worldwide. The last earnings update was 14 days ago. More info.


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  • Digital Turbine has significant price volatility in the past 3 months.
APPS Share Price and Events
7 Day Returns
8.6%
NasdaqCM:APPS
2.5%
US Software
0.7%
US Market
1 Year Returns
379.5%
NasdaqCM:APPS
29.9%
US Software
12.9%
US Market
APPS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Digital Turbine (APPS) 8.6% 21.3% 16.4% 379.5% 784.5% 159.3%
US Software 2.5% 8.7% 5.7% 29.9% 116.8% 154.6%
US Market 0.7% 4.4% 7% 12.9% 39.5% 44.7%
1 Year Return vs Industry and Market
  • APPS outperformed the Software industry which returned 29.9% over the past year.
  • APPS outperformed the Market in United States of America which returned 12.9% over the past year.
Price Volatility
APPS
Industry
5yr Volatility vs Market
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Value

 Is Digital Turbine undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Digital Turbine to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Digital Turbine.

NasdaqCM:APPS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqCM:APPS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Software Unlevered Beta Simply Wall St/ S&P Global 1.13
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.126 (1 + (1- 21%) (0.41%))
1.087
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.087 * 5.96%)
9.21%

Discounted Cash Flow Calculation for NasdaqCM:APPS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Digital Turbine is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NasdaqCM:APPS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.21%)
2020 23.74 Est @ 85.55% 21.74
2021 38.15 Est @ 60.71% 31.99
2022 54.68 Est @ 43.31% 41.98
2023 71.71 Est @ 31.14% 50.41
2024 87.92 Est @ 22.62% 56.60
2025 102.56 Est @ 16.65% 60.46
2026 115.36 Est @ 12.47% 62.27
2027 126.37 Est @ 9.55% 62.46
2028 135.86 Est @ 7.5% 61.49
2029 144.11 Est @ 6.07% 59.72
Present value of next 10 years cash flows $509.00
NasdaqCM:APPS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $144.11 × (1 + 2.73%) ÷ (9.21% – 2.73%)
$2,285.23
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,285.23 ÷ (1 + 9.21%)10
$947.06
NasdaqCM:APPS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $509.00 + $947.06
$1,456.06
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,456.06 / 85.81
$16.97
NasdaqCM:APPS Discount to Share Price
Calculation Result
Value per share (USD) From above. $16.97
Current discount Discount to share price of $7.96
= -1 x ($7.96 - $16.97) / $16.97
53.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Digital Turbine is available for.
Intrinsic value
>50%
Share price is $7.96 vs Future cash flow value of $16.97
Current Discount Checks
For Digital Turbine to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Digital Turbine's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Digital Turbine's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Digital Turbine's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Digital Turbine's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:APPS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $-0.14
NasdaqCM:APPS Share Price ** NasdaqCM (2019-11-15) in USD $7.96
United States of America Software Industry PE Ratio Median Figure of 71 Publicly-Listed Software Companies 44.43x
United States of America Market PE Ratio Median Figure of 2,924 Publicly-Listed Companies 18.25x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Digital Turbine.

NasdaqCM:APPS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:APPS Share Price ÷ EPS (both in USD)

= 7.96 ÷ -0.14

-58.79x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Digital Turbine is loss making, we can't compare its value to the US Software industry average.
  • Digital Turbine is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Digital Turbine's expected growth come at a high price?
Raw Data
NasdaqCM:APPS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -58.79x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
47.6%per year
United States of America Software Industry PEG Ratio Median Figure of 59 Publicly-Listed Software Companies 2.58x
United States of America Market PEG Ratio Median Figure of 2,031 Publicly-Listed Companies 1.46x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Digital Turbine, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Digital Turbine's assets?
Raw Data
NasdaqCM:APPS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $0.57
NasdaqCM:APPS Share Price * NasdaqCM (2019-11-15) in USD $7.96
United States of America Software Industry PB Ratio Median Figure of 214 Publicly-Listed Software Companies 5.84x
United States of America Market PB Ratio Median Figure of 5,081 Publicly-Listed Companies 1.74x
NasdaqCM:APPS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:APPS Share Price ÷ Book Value per Share (both in USD)

= 7.96 ÷ 0.57

14x

* Primary Listing of Digital Turbine.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Digital Turbine is overvalued based on assets compared to the US Software industry average.
X
Value checks
We assess Digital Turbine's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Software industry average (and greater than 0)? (1 check)
  5. Digital Turbine has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Digital Turbine expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
47.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Digital Turbine expected to grow at an attractive rate?
  • Digital Turbine's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Digital Turbine's earnings growth is expected to exceed the United States of America market average.
  • Digital Turbine's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:APPS Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:APPS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 47.6%
NasdaqCM:APPS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 20.8%
United States of America Software Industry Earnings Growth Rate Market Cap Weighted Average 14.8%
United States of America Software Industry Revenue Growth Rate Market Cap Weighted Average 11.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:APPS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:APPS Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 311 37 1
2023-03-31 255 28 1
2022-03-31 207 21 1
2021-03-31 165 17 5
2020-03-31 135 3 5
2019-11-18
NasdaqCM:APPS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 121 16 -11
2019-06-30 112 10 -8
2019-03-31 104 1 -4
2018-12-31 97 6 -2
2018-09-30 90 5 -5
2018-06-30 82 5 -14
2018-03-31 75 7 -20
2017-12-31 25 1 -17
2017-09-30 24 -5 -15
2017-06-30 31 -7 -16
2017-03-31 40 -7 -19
2016-12-31 92 -9 -23

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Digital Turbine's earnings are expected to grow significantly at over 20% yearly.
  • Digital Turbine's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:APPS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Digital Turbine Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:APPS Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31 0.37 0.37 0.37 1.00
2023-03-31 0.29 0.29 0.29 1.00
2022-03-31 0.21 0.21 0.21 1.00
2021-03-31 0.19 0.23 0.16 5.00
2020-03-31 0.05 0.15 0.02 5.00
2019-11-18
NasdaqCM:APPS Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 -0.14
2019-06-30 -0.10
2019-03-31 -0.06
2018-12-31 -0.02
2018-09-30 -0.07
2018-06-30 -0.19
2018-03-31 -0.28
2017-12-31 -0.25
2017-09-30 -0.23
2017-06-30 -0.24
2017-03-31 -0.29
2016-12-31 -0.35

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Digital Turbine will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Digital Turbine's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Digital Turbine has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Digital Turbine performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Digital Turbine's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Digital Turbine does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Digital Turbine's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Digital Turbine's 1-year growth to the US Software industry average as it is not currently profitable.
Earnings and Revenue History
Digital Turbine's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Digital Turbine Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:APPS Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 120.95 -10.91 24.73 10.66
2019-06-30 112.01 -7.50 22.87 10.56
2019-03-31 103.57 -4.30 21.24 10.88
2018-12-31 97.34 -1.75 21.03 10.29
2018-09-30 89.66 -5.41 21.01 10.98
2018-06-30 81.71 -14.08 21.26 10.59
2018-03-31 74.75 -19.70 21.21 9.65
2017-12-31 24.84 -17.28 15.49 7.75
2017-09-30 24.39 -15.08 15.38 7.75
2017-06-30 31.32 -15.81 16.89 8.62
2017-03-31 40.21 -19.14 18.95 9.28
2016-12-31 92.19 -23.17 24.50 12.15
2016-09-30 93.99 -26.34 25.18 11.78
2016-06-30 91.89 -27.33 24.65 11.06
2016-03-31 22.25 -24.49 19.11 4.88
2015-12-31 73.74 -31.56 26.71 9.97
2015-09-30 56.66 -31.28 26.02 8.95
2015-06-30 41.38 -28.16 24.50 8.70
2015-03-31 28.25 -24.65 21.96 7.91
2014-12-31 24.08 -18.69 17.85 7.67
2014-09-30 23.88 -16.87 15.77 7.99
2014-06-30 25.18 -16.39 15.31 8.24
2014-03-31 24.40 -17.20 15.50 7.87
2013-12-31 17.96 -15.72 13.42 6.05
2013-09-30 13.20 -16.27 13.96 4.59
2013-06-30 7.35 -15.33 13.54 2.54
2013-03-31 3.86 -12.66 11.87 1.32
2012-12-31 5.69 -32.87 14.50 1.88

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Digital Turbine has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Digital Turbine has efficiently used its assets last year compared to the US Software industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Digital Turbine improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Digital Turbine's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Digital Turbine has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Digital Turbine's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Digital Turbine's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Digital Turbine is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Digital Turbine's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Digital Turbine's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Digital Turbine has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Digital Turbine Company Filings, last reported 1 month ago.

NasdaqCM:APPS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 48.57 0.00 25.15
2019-06-30 37.23 0.00 16.22
2019-03-31 36.36 0.00 10.89
2018-12-31 31.75 4.82 10.10
2018-09-30 32.17 4.90 8.35
2018-06-30 28.78 5.43 8.64
2018-03-31 27.67 5.32 12.72
2017-12-31 59.65 7.40 6.88
2017-09-30 60.24 8.72 5.87
2017-06-30 58.74 11.97 6.30
2017-03-31 62.05 9.69 6.15
2016-12-31 68.51 9.46 5.71
2016-09-30 69.97 9.38 9.42
2016-06-30 76.19 10.48 9.41
2016-03-31 82.27 10.43 11.23
2015-12-31 86.81 10.60 13.68
2015-09-30 78.61 10.63 4.58
2015-06-30 84.99 10.66 6.18
2015-03-31 91.53 10.69 7.07
2014-12-31 21.67 0.00 11.38
2014-09-30 25.83 0.00 16.72
2014-06-30 29.46 0.00 18.69
2014-03-31 32.95 0.00 21.81
2013-12-31 16.26 0.00 4.66
2013-09-30 19.24 0.00 7.81
2013-06-30 4.84 7.76 1.64
2013-03-31 0.74 5.01 1.71
2012-12-31 2.97 4.56 1.72
  • Digital Turbine has no debt.
  • Digital Turbine currently has no debt however we can't compare to 5 years ago as we have no data for that period.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Digital Turbine has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Digital Turbine has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -114.8% per year.
X
Financial health checks
We assess Digital Turbine's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Digital Turbine has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Digital Turbine's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Digital Turbine dividends.
If you bought $2,000 of Digital Turbine shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Digital Turbine's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Digital Turbine's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:APPS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
United States of America Software Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 1.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1955 Stocks 2.3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqCM:APPS Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31
2021-03-31
2020-03-31
2019-11-18

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Digital Turbine has not reported any payouts.
  • Unable to verify if Digital Turbine's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Digital Turbine's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Digital Turbine has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Digital Turbine's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Digital Turbine afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Digital Turbine has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Digital Turbine's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Bill Stone
COMPENSATION $980,593
AGE 51
TENURE AS CEO 5.1 years
CEO Bio

Mr. William Gordon Stone, III, also known as Bill, has been the Chief Executive Officer of Digital Turbine, Inc. (known as Mandalay Digital Group) since October 2014. Mr. Stone served as Chief Executive Officer of Digital Turbine Group, Inc, a wholly-owned subsidiary of Mandalay Digital from September 2012 to November 2013. He served as President and Chief Operating of Digital Turbine Group, Inc, From August 1, 2012 to November 24, 2013 and Chief Executive Officer of Digital Turbine Group from August 2012 to September 2014. He served as Senior Vice President of QUALCOMM Incorporated and President of its subsidiary FLO TV Inc. from February 02, 2009 to 2011. He was the Chief Executive Officer and President of the smart phone application storefront provider, Handango, (acquired by Appia Inc.) from November 2007 to February 01, 2009 and also served as its Director. He served as the President of Amp'd Mobile Inc. from 2006 to 2007. Mr. Stone has extensive global experience in wireless, technology, mobile content, marketing and distribution, having held executive positions at several operators such as Verizon, Vodafone, and AirTouch. He has been Director at Digital Turbine, Inc. since January 16, 2015. He serves as a Director at Sift Media, Inc. Mr. Stone received his BA and MBA from Rice University.

CEO Compensation
  • Bill's compensation has increased whilst company is loss making.
  • Bill's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Digital Turbine management team in years:

3.3
Average Tenure
43
Average Age
  • The tenure for the Digital Turbine management team is about average.
Management Team

Bill Stone

TITLE
CEO & Director
COMPENSATION
$981K
AGE
51
TENURE
5.1 yrs

Barrett Garrison

TITLE
Executive VP & CFO
COMPENSATION
$624K
AGE
43
TENURE
3.2 yrs

David Wesch

TITLE
Chief Accounting Officer & Controller
COMPENSATION
$216K
AGE
32
TENURE
3.4 yrs

Christine Collins

TITLE
Chief Technology Officer
COMPENSATION
$511K
AGE
49
TENURE
1.7 yrs

Kirstie Brown

TITLE
Executive Vice President of Global Finance & Operations
COMPENSATION
$459K
AGE
43
TENURE
6.4 yrs

Nick Montes

TITLE
Head of Americas & Executive VP of Global Business Development

Matt Tubergen

TITLE
Executive Vice President of Digital Turbine Media
TENURE
2.5 yrs

Brian Bartholomew

TITLE
Senior Vice President of Capital Markets & Strategy
Board of Directors Tenure

Average tenure and age of the Digital Turbine board of directors in years:

7.5
Average Tenure
55
Average Age
  • The tenure for the Digital Turbine board of directors is about average.
Board of Directors

Rob Deutschman

TITLE
Independent Chairman of the Board
COMPENSATION
$173K
AGE
62
TENURE
4.9 yrs

Bill Stone

TITLE
CEO & Director
COMPENSATION
$981K
AGE
51
TENURE
4.8 yrs

Jeff Karish

TITLE
Independent Director
COMPENSATION
$108K
AGE
46
TENURE
6.5 yrs

Mohan Gyani

TITLE
Independent Director
COMPENSATION
$109K
AGE
68
TENURE
3.8 yrs

Jack Schneider

TITLE
Member of Advisory Board
TENURE
8.6 yrs

Fred Goldring

TITLE
Member of Advisory Board
TENURE
8.5 yrs

Tim Spengler

TITLE
Member of Advisory Board
AGE
55

Mark Shapiro

TITLE
Member of Advisory Board
AGE
49
TENURE
8.4 yrs

Michael Lambert

TITLE
Member of Advisory Board
TENURE
8.3 yrs

John Bendheim

TITLE
Member of Advisory Board
AGE
65
TENURE
7.5 yrs
Who owns this company?
Recent Insider Trading
  • Digital Turbine individual insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
14. Nov 19 Buy Michelle Sterling Individual 12. Nov 19 12. Nov 19 13,640 $7.45 $101,618
14. Nov 19 Sell William Stone Individual 12. Nov 19 13. Nov 19 -45,000 $8.20 $-368,000
10. Jun 19 Sell Paul Schaeffer Individual 06. Jun 19 10. Jun 19 -150,000 $4.54 $-669,867
X
Management checks
We assess Digital Turbine's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Digital Turbine has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is Digital Turbine, Inc.'s (NASDAQ:APPS) CEO Salary Justified?

View our latest analysis for Digital Turbine How Does Bill Stone's Compensation Compare With Similar Sized Companies? … Most shareholders would consider it a positive that Bill Stone takes less total compensation than the CEOs of most similar size companies, leaving more for shareholders. … Boasting a total shareholder return of 505% over three years, Digital Turbine, Inc.

Simply Wall St -

How Much Of Digital Turbine, Inc. (NASDAQ:APPS) Do Insiders Own?

See our latest analysis for Digital Turbine NasdaqCM:APPS Ownership Summary, August 7th 2019 What Does The Institutional Ownership Tell Us About Digital Turbine? … We can see that Digital Turbine does have institutional investors; and they hold 30% of the stock. … Insider Ownership Of Digital Turbine The definition of company insiders can be subjective, and does vary between jurisdictions.

Simply Wall St -

The Digital Turbine (NASDAQ:APPS) Share Price Is Up 320% And Shareholders Are Delighted

View our latest analysis for Digital Turbine Digital Turbine isn't a profitable company, so it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). … When a company doesn't make profits, we'd generally expect to see good revenue growth. … If you would like to research Digital Turbine in more detail then you might want to take a look at whether insiders have been buying or selling shares in the company.

Simply Wall St -

Have Insiders Been Selling Digital Turbine, Inc. (NASDAQ:APPS) Shares This Year?

As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' View our latest analysis for Digital Turbine The Last 12 Months Of Insider Transactions At Digital Turbine In the last twelve months, the biggest single sale by an insider was when the Director, Paul Schaeffer, sold US$670k worth of shares at a price of US$4.54 per share. … Insider Ownership of Digital Turbine I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. … What Might The Insider Transactions At Digital Turbine Tell Us?

Simply Wall St -

Does The Digital Turbine, Inc. (NASDAQ:APPS) Share Price Fall With The Market?

Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … This is above 1, so historically its share price has been influenced by the broader volatility of the stock market. … What this means for you: Since Digital Turbine has a reasonably high beta, it's worth considering why it is so heavily influenced by broader market sentiment.

Simply Wall St -

Is Digital Turbine, Inc.'s (NASDAQ:APPS) CEO Pay Justified?

Bill Stone became the CEO of Digital Turbine, Inc. … See our latest analysis for Digital Turbine How Does Bill Stone's Compensation Compare With Similar Sized Companies? … A first glance this seems like a real positive for shareholders, since Bill Stone is paid less than the average total compensation paid by similar sized companies.

Simply Wall St -

What Kind Of Shareholder Owns Most Digital Turbine, Inc. (NASDAQ:APPS) Stock?

Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Digital Turbine is not a large company by global standards. … Taking a look at our data on the ownership groups (below), it's seems that.

Simply Wall St -

Should You Take Comfort From Insider Transactions At Digital Turbine, Inc. (NASDAQ:APPS)?

So shareholders might well want to know whether insiders have been buying or selling shares in Digital Turbine, Inc. … Digital Turbine Insider Transactions Over The Last Year. … In total, Digital Turbine insiders bought more than they sold over the last year

Simply Wall St -

Does Digital Turbine, Inc. (NASDAQ:APPS) Have A High Beta?

Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful. … The first thing to understand about beta is that the beta of the overall market is one.

Simply Wall St -

Could Digital Turbine Inc's (NASDAQ:APPS) Investor Composition Influence The Stock Price?

The big shareholder groups in Digital Turbine Inc (NASDAQ:APPS) have power over the company. … With a market capitalization of US$124m, Digital Turbine is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for Digital Turbine

Simply Wall St -

Company Info

Description

Digital Turbine, Inc., through its subsidiaries, provides media and mobile communication products and solutions for mobile operators, application developers, device original equipment manufacturers (OEMs), and other third parties worldwide. It provides Ignite, a software platform that enables mobile operators and OEMs to control, manage, and monetize devices. The company offers other products and professional services directly related to the Ignite platform. Digital Turbine, Inc. is headquartered in Austin, Texas.

Details
Name: Digital Turbine, Inc.
APPS
Exchange: NasdaqCM
Founded:
$683,084,653
85,814,655
Website: http://www.digitalturbine.com
Address: Digital Turbine, Inc.
111 Nueces Street,
Austin,
Texas, 78701,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM APPS Common Stock Nasdaq Capital Market US USD 26. Jun 2006
DB 4MD Common Stock Deutsche Boerse AG DE EUR 26. Jun 2006
Number of employees
Current staff
Staff numbers
160
Digital Turbine employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/18 00:18
End of day share price update: 2019/11/15 00:00
Last estimates confirmation: 2019/11/05
Last earnings filing: 2019/11/04
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.