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The Trade Desk, Inc. — Intrinsic Value & Fair Price

TTD
NASDAQCommunication ServicesAdvertising AgenciesCIK 0001671933thetradedesk.comAbout TTD
Last close · Oct 16, 202612.23−0.90 (−6.85%)
Market cap$5.8B
Model value · DCF · Perpetuity growth · 5y
12.92
Trade Desk closed at $12.23 — undervalued by 5% vs model.
9.50the model's range22.70

DCF · Perpetuity growth · 5y leads for a high-growth company — positive operating income and three years of positive free cash flow. From a five-year discounted cash flow.

Other models
3.14 – 126.20
Wall St. target
14.00 13% below
Below model, 1y
16 of 20 days

Price and model value

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What the marks mean
Daily close

Research on TTD

No posts on TTD yet.
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How it is valued

Valued asHigh growth
High revenue growth (~22% recent)Moderate margins (15% net margin)Moderately volatile earningsStrong FCF yield (13.8%)
What growth the price implies: the reverse DCF

Key figures

FY2025 · chosen for high-growth companies
Price / sales
2.0×
Revenue growth
18.5%
Gross margin
78.6%
Operating margin
20.3%
FCF margin
27.5%
EV / EBITDA
6.6×
Full financials

Superinvestors

13F

None of the tracked managers reported a position in their latest 13F.

All 0 holders

Analyst actions

third-party, quoted
10-14UBS · target15.00
09-18Guggenheim · target13.00
09-08Evercore ISI · target14.00
08-10HSBC · “Reduce” from “Hold”downgrade
Ratings, targets and estimates

Comparable companies

by business, not by industry label
1 more company lists TTD as a comparable

The weekly

One email a week across every stock we cover: 13F filings, insider trades, earnings and new research. It covers the whole market, not just TTD. No account.

About Trade Desk

The Trade Desk, Inc. is a global technology company that provides a self-service, cloud-based platform. This platform enables advertising buyers to efficiently create, manage, and optimize data-driven digital ad campaigns across diverse formats and channels, including display, video, audio, native, and social media, reaching audiences on computers, mobile devices, and connected TVs. In addition to the platform, the company offers various data and value-added services. Their primary clients are advertising agencies and other service providers who represent advertisers. The Trade Desk was founded in 2009 and is headquartered in Ventura, California.

CEO
Jeffrey Terry Green
Headquarters
Ventura, CA
Employees
3,843
IPO
2016-09-21
Full company profile

Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; the formulas are in how we value a stock.