illumin Holdings (ILLM) AI Stock Analysis

• Market Cap: C$67.10M
• Dividend Yield: N/A
• Average Volume (3M): 85.44K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.43
• Revenue Growth: 22.89%
• EPS Growth: -15.21%
• Country: CA
• Employees: 216
• Sector: Communication Services
• Sector Strength: 97
• Industry: Advertising Agencies
• EPS (TTM): -0.11
• Shares Outstanding: 51,612,724
• 10 Day Avg. Volume: 126,232
• 30 Day Avg. Volume: 85,445
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$2.33
• Price Target Upside: 94.17% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3

• Rating: 41 Neutral
• Price Target: C$1.00 ▼(-16.67% Downside)

illumin Holdings is facing significant financial and operational challenges, with negative profitability and cash flow issues. The technical indicators suggest a bearish trend, and the valuation metrics reflect poor financial health. These factors contribute to a low overall stock score.

illumin Holdings Business Overview & Revenue Model

Company Description

illumin Holdings Inc., a technology company, provides digital media solutions in the United States, Canada, Europe, Latin America, and internationally. The company offers a programmatic marketing platform that enables advertisers to connect with their audiences across online display, video, social, and mobile campaigns. Its platform also allows advertisers to manage their purchasing of online display advertising in real-time using programmatic ad buying. In addition, the company offers illumin, an advertising automation technology that provides planning, media buying, and omnichannel intelligence; and allows advertisers to map their consumer journey playbooks across screens and execute in real-time using programmatic technology. It serves Fortune 500 enterprises and small to mid-sized businesses. The company was formerly known as AcuityAds Holdings Inc. and changed its name to illumin Holdings Inc. in June 2023. illumin Holdings Inc. is headquartered in Toronto, Canada.

How the Company Makes Money

Illumin Holdings generates revenue primarily through its equity stakes in its portfolio companies, which contribute earnings via product sales, subscription services, and licensing agreements. The company benefits from management fees charged to its subsidiaries and joint ventures, as well as profit-sharing arrangements based on performance metrics. Additionally, Illumin Holdings engages in strategic partnerships with industry leaders, which can lead to co-development projects and shared revenue opportunities. The diversification of its investments across high-growth sectors further mitigates risks and enhances overall profitability.

illumin Holdings Financial Statement Overview

Summary

illumin Holdings displays a mixed financial health profile. The company shows modest revenue growth but struggles with profitability, as evidenced by negative EBIT and low net profit margins. The balance sheet is strong with low leverage, yet declining assets and equity pose potential risks. Cash flow management is adequate, though fluctuations in free cash flow highlight potential liquidity issues. Overall, the company needs to focus on improving operational efficiency and asset utilization to enhance financial stability.

Income Statement

The company has shown a modest revenue growth rate of 2.94% in the TTM compared to the previous year. However, profitability metrics are concerning, with a negative EBIT margin and a net profit margin of only 0.10% for the TTM period, indicating operating struggles. The gross profit margin remains stable but is overshadowed by persistent negative EBIT and EBITDA margins.

Balance Sheet

The balance sheet reflects a relatively strong equity position, with a high equity ratio of approximately 71.45% in the TTM period. The debt-to-equity ratio is low at 0.07, indicating minimal leverage and financial risk. However, the company has experienced declining total assets and equity over the years, suggesting potential challenges in asset management and growth.

Cash Flow

The cash flow statement shows positive operating cash flow in the TTM, but free cash flow has sharply declined compared to the previous period, indicating pressure on liquidity. The operating cash flow to net income ratio is healthy, suggesting efficient cash generation relative to net earnings. However, the volatility in free cash flow growth is a concern.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	144.52M	140.39M	126.32M	121.04M	122.03M	104.89M
Gross Profit	65.67M	65.46M	60.30M	60.79M	63.56M	54.09M
EBITDA	-851.00K	323.00K	-5.89M	-665.00K	19.01M	15.75M
Net Income	151.00K	867.00K	-10.99M	-754.00K	11.75M	3.69M
Balance Sheet
Total Assets	108.72M	125.82M	116.89M	141.65M	149.83M	72.43M
Cash, Cash Equivalents and Short-Term Investments	54.01M	55.95M	55.45M	85.94M	102.21M	22.64M
Total Debt	5.78M	6.26M	7.99M	10.87M	11.01M	17.15M
Total Liabilities	31.05M	46.79M	36.20M	38.52M	36.77M	40.38M
Stockholders Equity	77.67M	79.03M	80.70M	103.13M	113.06M	32.05M
Cash Flow
Free Cash Flow	631.00K	4.18M	-6.63M	-2.05M	17.37M	13.98M
Operating Cash Flow	6.55M	10.13M	-1.39M	1.78M	19.69M	19.29M
Investing Cash Flow	-5.92M	-5.95M	-5.24M	-3.83M	-2.33M	-5.32M
Financing Cash Flow	-5.52M	-7.54M	-22.99M	-19.35M	58.81M	1.25M

illumin Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.20
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ILLM, the sentiment is Negative. The current price of 1.2 is below the 20-day moving average (MA) of 1.30, below the 50-day MA of 1.42, and below the 200-day MA of 1.98, indicating a bearish trend. The MACD of -0.06 indicates Negative momentum. The RSI at 28.49 is Positive, neither overbought nor oversold. The STOCH value of 30.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:ILLM.

illumin Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ZOMD	―	$261.59M	11.24	85.19%	―	91.28%	623.60%
TBRD	―	C$54.06M	10.24	8.74%	―	12.31%	165.69%
Sector *	―	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
SPN	―	C$15.74M	―	-23.80%	―	-2.43%	40.00%
EQ	―	C$68.20M	―	―	―	3.62%	89.91%
ILLM	―	C$67.10M	-14.54	-6.27%	―	22.89%	-15.21%

illumin Holdings Corporate Events

illumin Holdings to Announce Q3 2025 Financial Results

illumin Holdings Inc. announced it will release its third quarter 2025 financial results on November 7, 2025, before market open. A live webcast featuring CEO Simon Cairns and CFO Elliot Muchnik will follow, providing insights into the results and allowing for a Q&A session. This announcement is significant for investors and stakeholders as it provides an opportunity to understand the company’s financial health and strategic direction.

The most recent analyst rating on (TSE:ILLM) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on illumin Holdings stock, see the TSE:ILLM Stock Forecast page.

illumin Holdings Unveils New Brand Identity and Platform Enhancements

illumin Holdings Inc. has launched a new brand identity and tagline, ‘See More. Achieve More.’, during Advertising Week in New York. This rebranding marks a significant transformation for the company, emphasizing its commitment to innovation and customer-centric solutions in the digital advertising industry. The company has enhanced its platform to offer faster campaign launches, streamlined workflows, and advanced forecasting tools, aiming to empower marketers and set a new standard in programmatic advertising.

The most recent analyst rating on (TSE:ILLM) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on illumin Holdings stock, see the TSE:ILLM Stock Forecast page.