illumin Holdings (ILLM) AI Stock Analysis

• Market Cap: C$105.29M
• Dividend Yield: N/A
• Average Volume (3M): 64.16K
• Price to Earnings (P/E): 566.7
• Beta (1Y): 1.72
• Revenue Growth: 15.82%
• EPS Growth: N/A
• Country: CA
• Employees: 216
• Sector: Communication Services
• Sector Strength: 84
• Industry: Advertising Agencies
• EPS (TTM): -0.04
• Shares Outstanding: 51,612,724
• 10 Day Avg. Volume: 48,901
• 30 Day Avg. Volume: 64,164
• PEG Ratio: 0.19
• Price to Book (P/B): 3.98
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -7.91
• 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$2.63
• Price Target Upside: 28.92% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 53 Neutral
• Price Target: C$2.00 ▼(-1.96%Downside)

illumin Holdings shows a mixed outlook. The most significant factor is its financial performance, which is hampered by low profitability and asset declines, despite a strong balance sheet. The technical analysis suggests a neutral to bearish trend, while the valuation indicates potential overvaluation. Positive corporate events, such as revenue growth, provide a counterbalance. Overall, the company needs to address operational efficiency and asset utilization to improve its financial stability.

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 through a multi-faceted approach, leveraging its diversified portfolio. Key revenue streams include subscription fees from its software as a service (SaaS) products, service fees from digital marketing campaigns, and consulting charges for data analytics services. The company also engages in strategic partnerships with other technology firms to expand its market reach and enhance its service offerings. These collaborations often result in joint ventures or shared revenue models that contribute significantly to its earnings.

illumin Holdings Financial Statement Overview

Summary

illumin Holdings displays mixed financial health. There is modest revenue growth but the company struggles with profitability, indicated by negative EBIT and low net profit margins. The balance sheet shows low leverage but declining assets and equity suggest challenges. Cash flow management is adequate, though free cash flow volatility highlights potential liquidity issues.

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: Positive
• Last Price: 2.04
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ILLM, the sentiment is Positive. The current price of 2.04 is above the 20-day moving average (MA) of 1.87, above the 50-day MA of 1.88, and below the 200-day MA of 2.07, indicating a neutral trend. The MACD of 0.03 indicates Negative momentum. The RSI at 62.03 is Neutral, neither overbought nor oversold. The STOCH value of 79.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ILLM.

illumin Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TBRD	67 Neutral	C$71.26M	11.93	9.94%	―	25.69%	―
Sector *	61 Neutral	$40.69B	-0.79	-11.97%	3.78%	2.11%	-69.16%
SPN	58 Neutral	C$20.03M	―	-0.29%	―	-11.74%	99.29%
ILLM	53 Neutral	C$105.29M	566.67	0.19%	―	15.82%	―
EQ	42 Neutral	C$67.51M	―	-451.55%	―	-1.01%	84.17%
PNC.A		C$153.51M	―		―	―	―
ZMDTF		$110.34M	8.67	82.67%	―	―	―

illumin Holdings Corporate Events

illumin Holdings Sees 17% Revenue Growth in Q1 2025, Bolstered by Exchange Services

illumin Holdings reported a 17% increase in first-quarter revenue for 2025, reaching $29.1 million, driven by a significant 148% rise in Exchange service revenue. Despite a decrease in Managed service revenue due to geopolitical and macroeconomic uncertainties, the company successfully onboarded 18 new Self-service clients, indicating a strategic focus on high-spend clients and long-term growth. The company continues to invest in its Self-service and Exchange platforms while managing costs and maintaining liquidity, aiming to enhance marketing and sales performance and product differentiation in a competitive market.

illumin Holdings to Announce Q1 2025 Financial Results

illumin Holdings Inc. has announced that it will release its first quarter 2025 financial results on May 9, 2025, before the market opens. A live webcast will be held on the same day, where the CEO and CFO will discuss the results, followed by a Q&A session. This announcement is significant for stakeholders as it provides an opportunity to gain insights into the company’s financial performance and strategic direction, potentially impacting its market positioning and investor confidence.