TechTarget旅游股票讨论区

$TechTarget旅游(TTGT.US)$在2022年10月的盘点中因为2022年利息费用和2021年相比很不正常被排除，至今股价下滑48%。
2007年上市，主要做面向科技公司的营销业务，3/4市场在美国，当前价格32.52。
5年来营收前4年增长，2023年萎缩22.7%，平均增速13.6%，营业利润则由于成本费用1弹性过小而转为小幅亏损，净利润受利息收入影响小幅盈利446万。2023年利息收入达到1,165.5万，没有利息负担，这可能和近期长短利率倒挂有关。毛利率近5年从76.2%下滑到67.2%，净资产收益率仅在2022年达到18.9%，2023年跌回2%。
5年来资产负债率从31%提升至68.2%。 商誉在2020年大幅增长，说明有收购行为，这解释了2020到2022年营收和利润的高速增长，通常收购驱动的增长时间有限，这在2023年体现了出来。商誉及其他无形资产2.83亿，是2.23亿净资产的1.27倍，长期借款4.11亿，现金3.3亿，实际杠杆率不高。库存股3.29亿。
5年来现金流经营净额低于投资净额，没有产生股东盈余。
目前市盈率203，即使以2022年...

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Gapping up
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$TechTarget旅游(TTGT.US)$是2007年以13美元上市的美国公司，当前价格60.2，年化回报率11%，还不错。
5年来营收在前4年低速成长，2021年暴增77.5%，营业利润则持续保持高速增长，5年平均增速为38%，近3年平均增速27%。净利润前4年快速增长，2021年暴跌94%，主要是由于2021年产生了2327万的利息费用，资产负债表显示2021年长期借款从1.54亿增加到了4.53亿，远远超过净资产2.23亿，因此2021年利息费用达到了营业利润的68%，非常惊人的变化。
有意思的是2022前两季度利息费用仅154万，而长期借款并没有变化，难道利息是下半年集中付？
2022年上半年营收增加26%，营业利润增加到3000万，净利润增加到2000万，但是考虑到利息费用的不正常情况，全年利润可能会有较大波动。
目前150倍市盈率TTM，无论从哪个角度看风险都太高了。

In a November 4th interview, the CEO of Bloomberg Media Justin Smith said that "There’s been this windfall of advertising spend that has really been unprecedented," and added that "I’ve never seen anything like it in my career."
"It started in 2020, the second half, particularly in the fourth quarter," he said. "It powered through 2021. Particularly digital advertising, but even some of the traditional platforms like TV and print have done extremely well."
His comments were corroborated by Q3 earnings results from ad tech stocks. $谷歌-C(GOOG.US)$ is trading at an all-time high after reporting earnings. $The Trade Desk(TTD.US)$ jumped after analysts raised estimates for TradeDesk's full year earnings, leading to gains for other ad tech stocks, including $Pubmatic(PUBM.US)$ , $Criteo(CRTO.US)$ , $Magnite(MGNI.US)$ , $TechTarget旅游(TTGT.US)$ ), and $Cardlytics(CDLX.US)$ .
$Taboola Com(TBLA.US)$ reported strong results today and raised full year guidance, suggesting the strength in ad spending has continued from Q3 into Q4.
Note that Taboola rival $Outbrain(OB.US)$ has yet to report results.