Financial statement analysis and common stock valuation

Common-Size Income Statement

Income statement components (revenues and expenses) shown as percentage of total sales.

Analysis of Geographic Areas

Trade Desk Inc. operates in 2 regions: United States and International.

• Area Asset Turnover
• Revenue
• Property and equipment, net and operating lease assets

Enterprise Value to EBITDA (EV/EBITDA)

To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital.

• Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
• EV to EBITDA Ratio, Current
• EV to EBITDA Ratio, Historical

Common-Size Balance Sheet: Assets

Assets components shown as percentage of total assets.

Income Statement
Quarterly Data

The income statement (statement of earnings) reports on the performance of Trade Desk Inc., the result of its operating activities.

Income Statement

The income statement (statement of earnings) reports on the performance of Trade Desk Inc., the result of its operating activities.

Cash Flow Statement
Quarterly Data

The cash flow statement provides information about Trade Desk Inc. cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on Trade Desk Inc. balance sheet.

Analysis of Short-term (Operating) Activity Ratios

Evaluates revenues and output generated by the Trade Desk Inc. assets. Operating performance ratios describe the relationship between the Trade Desk Inc. level of operations and the assets needed to sustain operating activities.

• Short-term Activity Ratios (Summary)
• Receivables Turnover
• Payables Turnover
• Working Capital Turnover
• Average Receivable Collection Period
• Average Payables Payment Period

Price to FCFE (P/FCFE)

Free cash flow to equity is the cash flow available to Trade Desk Inc. equity holders after all operating expenses, interest, and principal payments have been paid and necessary investments in working and fixed capital have been made.

• Free Cash Flow to Equity (FCFE)
• P to FCFE Ratio, Current
• P to FCFE Ratio, Historical

Analysis of Long-term (Investment) Activity Ratios

Measures how efficiently Trade Desk Inc. generates revenues from its investments in fixed or total assets.

• Long-term Activity Ratios (Summary)
• Net Fixed Asset Turnover
• Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
• Total Asset Turnover
• Equity Turnover

Analysis of Short-term (Operating) Activity Ratios
Quarterly Data

Evaluates revenues and output generated by the Trade Desk Inc. assets. Operating performance ratios describe the relationship between the Trade Desk Inc. level of operations and the assets needed to sustain operating activities.

• Short-term Activity Ratios (Summary)
• Receivables Turnover
• Payables Turnover
• Working Capital Turnover
• Average Receivable Collection Period
• Average Payables Payment Period

Enterprise Value to FCFF (EV/FCFF)

Free cash flow to the firm is the cash flow available to the Trade Desk Inc. suppliers of capital after all operating expenses have been paid and necessary investments in working and fixed capital have been made.

• Free Cash Flow to The Firm (FCFF)
• Interest Paid, Net of Tax
• EV to FCFF Ratio, Current
• EV to FCFF Ratio, Historical