Aug. 9 at 12:36 AM
$TTD Stock is actually pretty cheap here. Current EV/EBITDA ratios are cheaper than
$DAVA which has been in decline for years + has more debt than cash which I see as riskier.
Market may have actually went too far here despite all the single digit bears. Report was awful, but I see no reason why a cash rich, GAAP profitable, high gross margin tech firm should trade under a consulting firm with lower margins and debt problems (along with almost no GAAP earnings to boot).
Interesting comparative and that’s assuming about 600M in ebitda for TTD which assumes major fwd compression. TTMs for TTD have a much higher ebitda figure
