Fyber (FBEN)

Business description

Fyber is a global technology company, developing a next-generation platform for the programmatic trading of ads in a data-driven environment. Its technology provides an open-access platform for digital advertisers and publishers, enabling cross-device advertising with a global reach of more than 1.2bn unique monthly users.

Stock data

Market cap.€125m
Last close€1.01
High / Low (52 weeks)€ / €
Stock market listingDE
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamMedia
SectorMedia

Price performance

%1m3m12m
Actual14.724(54.5)
Relative *1118.8(62.6)

* % Relative to local index

Other companies in sector Show

Company news

Fyber NV: concludes first half of 2017 with strong outlook of continuous ...

Wed, 20 Sep 2017 05:51:58 GMT

RNTS Media Completes $45M Acquisition Of Mobile Ad Company Heyzap

Fri, 08 Jan 2016 07:01:55 GMT

Berlin-Based Adtech Company Fyber Exits To RNTS Media For €150M

Wed, 08 Oct 2014 11:14:34 GMT

RNTS buys Inneractive for up to $72M as ad tech consolidation continues

Thu, 03 Mar 2016 09:11:12 GMT

Fyber RTB Reaches Key Milestone in Quality Improvements by Reducing Non-direct ...

Fri, 15 Dec 2017 14:31:40 GMT

Investment summary

Growth in Q217 picked up from 17% to 34%, with EBITDA turning positive in the quarter. Much hinges on the seasonally larger Q4 period; however, a significant share of demand is from video and programmatic, the faster-growing parts of the ecosystem. Management is targeting EBITDA of €15m to €18m next year. Credit has been secured – this should fund working capital and earn-out obligations in FY17, which, with the restructuring of the €150m convertible bond earlier in the year, lifts a major overhang on the shares (which have been converted from registered to bearer form). The shares, down 60% ytd, are at more interesting levels; however, until the issues surrounding the put option granted to the former Fyber shareholders is settled, they may not trade at full value.

Last updated on 02/02/2018

Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (fd) (c) P/E (x) P/CF (x)
2015A 81.1 (13.7) (18.6) (13.6) N/A N/A
2016A 176.8 (10.9) (23.9) (22.0) N/A N/A
2017E N/A N/A N/A N/A N/A N/A
2018E N/A N/A N/A N/A N/A N/A

Last updated on 12/12/2017

Latest video

Executive Interview - RNTS Media

Industry outlook

Programmatic buying is becoming the dominant way of buying advertising in the fast-growth segment of mobile advertising. e-Marketer forecasts a three-year CAGR of 122% to 2017 in programmatic buying of mobile advertising. By building out the client base for its programmatic video solution and expanding the range of products available on its ad exchange, management believes it will capture an increasing share of this growing market.

Last updated on 02/02/2018

Key management

Ziv Elul, CEO
Yaron Zaltsman, CFO
Dani Sztern, Deputy CEO
Sabrina Kassmannhuber, Head of investor relations
Crid Yu, COO

Company address

Johannisstrasse 20
Berlin
10117
Germany
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