RNTS Media (RNM)

Business description

RNTS Media’s mobile ad tech platforms Fyber and Inneractive help app developers and publishers overcome the challenges of a fragmented ecosystem by consolidating a wide range of advertising demand on to one platform.

Stock data

Market cap.€206.2m
Last close€1.80
High / Low (52 weeks)€3.4 / €1.5
Stock market listingDE
Forecast net debt (€m)97.3
Forecast gearing ratio (%)85
TeamMedia
SectorMedia

Price performance

%1m3m12m
Actual0.5(18.8)(11)
Relative *(3.1)(22.9)(26.3)

* % Relative to local index

Other companies in sector Show

Company news

Fyber Parent Company, RNTS Media, to Acquire Inneractive

Thu, 03 Mar 2016 06:00:00 GMT

RNTS Media NV: Strong programmatic and video business drives growth in 2016 ...

Fri, 28 Apr 2017 16:52:30 GMT

Windhorst's Sapinda Settles Generali €25M Bonds Claim

Mon, 16 Jan 2017 23:24:51 GMT

German Wunderkind Turns to Plan B After Abu Dhabi Fund Walks

Thu, 01 Dec 2016 02:36:41 GMT

Track Group Strengthens Leadership Team with Strategic Appointments ...

Tue, 13 Sep 2016 12:56:15 GMT

Investment summary

RNTS Media has deferred the publication of its full year results to July 2017 following a change of auditor, but has subsequently released strong preliminary FY16 results, providing comfort that this is a capacity issue rather than a trading one. PF FY16 revenues increased by at least 65% to more than €215m, in line with our forecasts, and PF EBITDA break-even was achieved in Q4 as per the company’s recently increased guidance, with a full-year adjusted EBITDA loss of less than €6m achieved. FY17 guidance for revenue growth of 30% and EBITDA profitability of over €3m has been introduced, a clear signal of ongoing strong momentum. This is, however, contingent upon the group’s ability to refinance. A meeting with bond holders on the restructuring of the €150m convertible takes place on 31 March; a successful outcome would lift a significant overhang on the shares.

Last updated on 04/04/2017

Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (fd) (c) P/E (x) P/CF (x)
2014A 64.0 0.7 (2.0) (1.2) N/A N/A
2015A 81.1 (13.7) (18.6) (13.6) N/A N/A
2016E 170.0 (10.2) (23.7) (18.1) N/A N/A
2017E 275.0 3.9 (7.9) (5.8) N/A N/A

Last updated on 27/03/2017

Latest research

Strong momentum to continue into FY17

Update | Media | 14/02/2017

Programmatic and video drive exceptional growth

Update | Media | 22/11/2016

Leading mobile ad tech group

QuickView | Media | 10/11/2016

Another increase in revenue guidance

Flash note | Media | 01/11/2016

Significant acceleration in revenue growth

Update | Media | 27/09/2016

Monetising its widening reach

Outlook | Media | 29/07/2016

Inneractive acquisition puts RNTS on the map

Update | Media | 07/03/2016

Heyzap - accelerates growth

Update | Media | 20/01/2016

Geared up for growth

Update | Media | 18/09/2015

Scaling up with acquisitions

Update | Media | 18/06/2015

Daily comment

Institutional Comment | Media | 04/12/2014

Leading app-centric mobile ad-tech company

Initiation | Media | 03/12/2014

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 3-year CAGR of 122% to 2017 in programmatic buying of mobile advertising. By building out the client base for its mediation 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 04/04/2017

Key management

Andreas Bodczek , CEO
Heiner Luntz, CFO
Ziv Elul, Management Board member
Janis Zech, Management Board member

Company address

Johannisstrasse 20
Berlin
10117
Germany
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