Perion Network Ltd chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 13.81
Dividend & YieldN/A$ (N/A)
Beta 1.21
Market capitalization 1.22B
Operating cash flow 112.78M
ESG Scores unknown

Company description

Perion Network Ltd. provides digital advertising solutions to brands, agencies, and publishers in North America, Europe, and internationally. It provides Wildfire, a content monetization platform; search monetization solutions, including website monetization, search mediation, and app monetization; and cross-channel digital advertising software as a service platform. The company also offers supply management platform; demand management platform for campaign planning and design; analytics platform, which provides information and performance insights on the results of campaign investment and other campaign metrics; creative platform to create advertisements; and an AI platform that uses machine learning to bring intelligence to the various phases of campaigns. In addition, it provides an actionable performance monitoring platform to support the various phases of campaign management; an online video player and integrated ad server to upload, manage, and stream video content; content monetization system, which integrates ads within the content layouts at the page level. Further, the company offers a publisher management system that provides analytics and performance optimization tools, as well as reports; search-demand management systems; monetization products that integrate and onboards demand vendors; and AI Systems. Additionally, it provides Intelligent HUB (iHUB), a platform for pulling in signals across various advertising channels and optimizing traffic at scale, and yielding engagement metrics and KPIs; and strategic optimization of relevant traits (SORT), a provisional patent technology that eliminates the need for cookies. The company was formerly known as IncrediMail Ltd. and changed its name to Perion Network Ltd. in November 2011. Perion Network Ltd. was incorporated in 1999 and is headquartered in Holon, Israel.

Sector: Communication Services - Industry: Internet Content & Information

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities -2.54M 9.85M 26.25M 33.37M
Total Cashflows From Investing Activities -1.82M -21.15M -8.92M -243.47M
Net Borrowings -19.68M -24.18M -8.33M -8.33M
Total Cash From Financing Activities -23.01M -24.77M -4.05M 229.05M
Change To Operating Activities 7.93M 3.9M 1.93M 18.53M
Issuance Of Stock 1.23M 1.23M 4.29M 237.39M
Net Income 8.12M 12.89M 10.22M 38.71M
Change In Cash 8.05M -1.2M 9.27M 56.66M
Effect Of Exchange Rate 78k -20k 81k -33k
Total Cash From Operating Activities 32.8M 44.74M 22.16M 71.11M
Depreciation 6.74M 6.1M 3.29M 2.92M
Change To Account Receivables 7.42M 6.42M -32.05M -34.24M
Other Cashflows From Financing Activities -3.33M -1.81M
Change To Netincome 2.15M 1.97M 5.88M 4.84M
Capital Expenditures -2.04M -1.21M -459k -627k

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development 18.88M 22.59M 30.88M 35.35M
Income Before Tax 10.9M 14.54M 9.62M 45.31M
Net Income 8.12M 12.89M 10.22M 38.71M
Selling General Administrative 55.37M 49.73M 54.9M 74.14M
Gross Profit 100.74M 100.04M 107.96M 165.28M
Ebit 16.77M 18.01M 12.25M 45.9M
Operating Income 16.77M 18.01M 12.25M 45.9M
Interest Expense -6.42M -1.95M -1.04M -119k
Income Tax Expense 2.78M 1.65M -610k 6.61M
Total Revenue 252.84M 261.45M 328.06M 478.5M
Cost Of Revenue 152.11M 161.41M 220.1M 313.21M
Total Other Income ExpenseNet -5.87M -3.47M -2.64M -581k
Net Income From Continuing Ops 8.12M 12.89M 10.22M 38.71M
Net Income Applicable To Common Shares 8.12M 12.89M 10.22M 38.71M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 107.67M 118.59M 174.56M 246.27M
Total Stockholder Equity 148.78M 165.18M 184.12M 466.96M
Other Current Liabilities 5.86M 5.49M 14.37M 51.5M
Total Assets 256.45M 283.78M 358.68M 713.23M
Common Stock 211k 213k 224k 375k
Other Current Assets 2.56M 1.29M 1.22M 1.19M
Retained Earnings -90.26M -77.37M -67.14M -28.44M
Treasury Stock -860k -872k -890k -1.13M
Cash 39.11M 38.39M 47.66M 104.45M
Total Current Liabilities 77.11M 83.31M 120.11M 193.71M
Other Stockholder Equity 142k 130k 112k -128k
Property, Plant, and Equipment 15.65M 33.35M 27.04M 15.79M
Total Current Assets 103.89M 115.11M 147.36M 446.17M
Net Tangible Assets 17.23M 36.74M 7.44M 221M
Net Receivables 55.56M 49.1M 81.22M 115.36M
Accounts Payable 38.21M 47.68M 72.5M 107.73M


Insider Transactions

Here are the insider transactions of stock shares related to Perion Network Ltd:

Filer Name Transaction Text Ownership Date Filer Relation Shares
LONGVIEW FUND L PSale at price 2.60 per share.I2008-06-27Beneficial Owner of more than 10% of a Class of Security900k
LONGVIEW FUND L PSale at price 2.60 per share.I2008-06-27Beneficial Owner of more than 10% of a Class of Security900k
LONGVIEW FUND L PPurchase at price 9.00 - 9.02 per share.I2007-10-01Beneficial Owner of more than 10% of a Class of Security19.5k
LONGVIEW FUND L PPurchase at price 8.52 per share.I2007-09-20Beneficial Owner of more than 10% of a Class of Security100k
LONGVIEW FUND L PPurchase at price 8.18 - 8.59 per share.I2007-09-14Beneficial Owner of more than 10% of a Class of Security118.74k
LONGVIEW FUND L PPurchase at price 7.42 per share.D2007-07-03Beneficial Owner of more than 10% of a Class of Security1.73k
LONGVIEW FUND L PPurchase at price 7.79 per share.I2007-06-29Beneficial Owner of more than 10% of a Class of Security15k
LONGVIEW FUND L PPurchase at price 7.58 - 7.79 per share.D2007-06-28Beneficial Owner of more than 10% of a Class of Security21.8k
LONGVIEW FUND L PPurchase at price 6.40 - 7.25 per share.D2007-03-15Beneficial Owner of more than 10% of a Class of Security68.11k
LONGVIEW FUND L PSale at price 7.51 per share.D2007-03-15Beneficial Owner of more than 10% of a Class of Security800

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Perion Network Ltd. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Perion Network Ltd

Here is the result of two systematic investment strategies applied to Perion Network Ltd. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Perion Network Ltd

The following chart shows the equity curve of the two systematic investment strategies applied to Perion Network Ltd:

Perion Network Ltd automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 264.81% on the backtest period.

Performance at glance

Performance

264.81 %

Latent gain

5974.15 $

Invested capital

2256.05 $

Annualized return

63.96 %
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Momentum strategy results on Perion Network Ltd

This is the result of two momentum investment strategies applied to Perion Network Ltd. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Perion Network Ltd

The following chart shows all the entries opened by the momentum investment system on Perion Network Ltd:

Perion Network Ltd momentum entries
  • The first momentum investment strategy would give 336.43% of return on Perion Network Ltd. That represents 13418.02$ of latent gain with 3988.38$ of employed capital.
  • The second momentum investment strategy would give 409.44% of return on Perion Network Ltd. That represents 14263.31$ of latent gain with 3483.65$ of employed capital.
Performance at glance (1Q Momentum)

Performance

336.43 %

Latent gain

13418.02 $

Invested capital

3988.38 $

Annualized return

3.76 %
Performance at glance (2Q Momentum)

Performance

409.44 %

Latent gain

14263.31 $

Invested capital

3483.65 $

Annualized return

111.87 %

Momentum equity curve on Perion Network Ltd

The following chart shows the equity curve of the two momentum strategies applied to Perion Network Ltd:

Perion Network Ltd momentum equity

Note: the dividends potentially given by Perion Network Ltd are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Perion Network Ltd

The following chart shows the employed capital evolution of the two momentum strategies on Perion Network Ltd since the beginning:

Perion Network Ltd

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Perion Network Ltd

Buy the dip entry openings on Perion Network Ltd

Perion Network Ltd

The performance achieved by the robo-advisor on Perion Network Ltd is 8.05%. That represents 19.74$ of latent gain with 245.14$ of employed capital. The following chart shows Perion Network Ltd stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Perion Network Ltd, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

8.05 %

Latent gain

19.74 $

Invested capital

245.14 $

Annualized return

3.76 %

Equity curve of the strategy applied to Perion Network Ltd

The following chart shows the result of the investment strategy applied to Perion Network Ltd:

Perion Network Ltd

Note: the dividends potentially given by Perion Network Ltd are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Perion Network Ltd

The following chart shows the employed capital evolution since the beginning of the investment strategy on Perion Network Ltd:

Perion Network Ltd

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Perion Network Ltd

In this section, I will compare the three previous investment strategies applied to Perion Network Ltd.

Equity curve comparison on Perion Network Ltd

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Perion Network Ltd investment strategy comparison

Employed capital comparison on Perion Network Ltd

Perion Network Ltd investment comparison

Performance comparison on Perion Network Ltd

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 264.81% 5974.15$ 2256.05$ 63.96%
Momentum 1 quarter 336.43% 13418.02$ 3988.38$ 86.26%
Momentum 2 quarters 409.44% 14263.31$ 3483.65$ 111.87%
Non-directional 8.05% 19.74$ 245.14$ 3.76%
Annualized return comparison

Automatic investment

63.96 %

Momentum 1Q

111.87 %

Momentum 2Q

111.87 %

Non-directional

3.76 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Perion Network Ltd:

Note: The algorithm computes the probability of correlation between Perion Network Ltd and the other stocks. There may be false positives or some missing correlated stocks. If the price of Perion Network Ltd does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name Perion Network Ltd
Country Israel
City Holon
Address 26 HaRokmim Street
Phone 972 73 3981582
Website www.perion.com
FullTime employees 399
Industry Internet Content & Information
Sector Communication Services
Exchange XNAS
Ticker PERI
Market www.nasdaq.com

Perion Network Ltd ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown