MLNK - MeridianLink, Inc.
Price:
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--
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CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$22.25
DETAILS
HIGH:
$25.50
LOW:
$19.00
MEDIAN:
$22.25
CONSENSUS:
$22.25
UPSIDE:
11.19%
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Revenue | ||||||
| Revenue | 316.3 | 303.6 | 288.0 | 267.7 | 199.3 | 152.7 |
| Cost of Revenue | 108.5 | 108.5 | 142.4 | 89.6 | 89.7 | 47.3 |
| Gross Profit | 207.8 | 195.1 | 145.6 | 178.1 | 149.9 | 105.4 |
| Operating Expenses | ||||||
| R&D Expenses | 39.5 | 47.5 | 42.6 | 36.3 | 18.7 | 16.0 |
| SG&A Expenses | 159.6 | 128.5 | 106.3 | 103.3 | 64.0 | 69.1 |
| Other Expenses | 4.0 | 3.6 | 19.8 | 0 | 21.6 | 0 |
| Operating Expenses | 203.1 | 179.6 | 168.7 | 139.6 | 104.3 | 85.1 |
| Operating Income | ||||||
| Operating Income | 4.6 | 15.5 | 28.6 | 37.7 | 45.6 | 20.3 |
| Interest Expense | 38.4 | 38.2 | 24.2 | 32.6 | 34.7 | 38.1 |
| Interest Income | 4.9 | 4.0 | 1.1 | 0.0 | 0 | 0 |
| Profitability | ||||||
| EBITDA | 67.8 | 77.4 | 83.6 | 78.2 | 85.8 | 58.9 |
| EBIT | 9.6 | 19.6 | 29.7 | 27.8 | 45.6 | 20.3 |
| Income Before Tax | (28.9) | (18.6) | 5.4 | (4.9) | 10.9 | (17.7) |
| Income Tax Expense | 0.9 | 23.9 | 4.1 | 5.1 | 1.8 | (5.1) |
| Net Income | (29.8) | (42.5) | 1.3 | (10.0) | 9.2 | (12.6) |
| Per Share Data | ||||||
| EPS (Basic) | -0.39 | -0.53 | 0.02 | -0.39 | -0.31 | -0.16 |
| EPS (Diluted) | -0.39 | -0.53 | 0.02 | -0.39 | -0.31 | -0.16 |
| Shares Outstanding | 76.3 | 80.3 | 80.5 | 79.7 | 80.7 | 80.7 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Current Assets | ||||||
| Cash & Cash Equivalents | 92.8 | 80.4 | 55.8 | 113.6 | 37.7 | 97.8 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 35.0 | 33.4 | 32.9 | 24.9 | 26.5 | 19.4 |
| Inventory | 0 | 0 | 30 | 0 | 7.5 | 3.9 |
| Other Current Assets | 4.8 | 4.9 | 3.4 | 2.6 | (2.7) | (3.1) |
| Total Current Assets | 138.2 | 124.4 | 128.1 | 148.0 | 72.2 | 121.3 |
| Non-Current Assets | ||||||
| Property, Plant & Equipment | 3.3 | 4.5 | 6.4 | 6.0 | 7.6 | 19.3 |
| Goodwill | 610.1 | 610.1 | 608.7 | 564.8 | 543.0 | 438.9 |
| Intangible Assets | 201.5 | 251.1 | 297.5 | 298.6 | 328.0 | 277.5 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 8.3 | 6.2 | 4.5 | 4.3 | 3.5 | 1.7 |
| Total Non-Current Assets | 823.2 | 871.8 | 931.0 | 877.9 | 891.5 | 748.1 |
| Total Assets | 961.3 | 996.3 | 1,059.2 | 1,025.9 | 963.7 | 869.4 |
| Current Liabilities | ||||||
| Account Payables | 6.8 | 4.4 | 1.2 | 2.3 | 2.3 | 1.0 |
| Short-Term Debt | 3.7 | 3.5 | 3.5 | 2.1 | 3.0 | 1.4 |
| Deferred Revenue | 18.0 | 17.2 | 16.9 | 14.7 | 10.9 | 7.8 |
| Other Current Liabilities | 6.4 | 14.0 | 15.5 | 6.7 | 124.0 | 36.4 |
| Total Current Liabilities | 57.0 | 55.8 | 54.2 | 43.8 | 152.8 | 56.1 |
| Non-Current Liabilities | ||||||
| Long-Term Debt | 464.9 | 420.0 | 423.4 | 425.4 | 516.9 | 518.9 |
| Deferred Tax Liabilities | 11.3 | 10.8 | 34.2 | 28.2 | 17.9 | 14.9 |
| Other Non-Current Liabilities | 0.0 | 0.0 | 0 | 0.4 | 0.5 | 0.6 |
| Total Non-Current Liabilities | 476.8 | 432.2 | 425.9 | 425.8 | 517.4 | 528.6 |
| Total Liabilities | 533.8 | 488.0 | 480.1 | 469.6 | 670.2 | 584.8 |
| Stockholders' Equity | ||||||
| Common Stock | 0.1 | 0.1 | 0.1 | 0.1 | 0 | 1.4 |
| Retained Earnings | (281.7) | (146.5) | (42.4) | (40.4) | (30.3) | (39.4) |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | (1,026.0) | 0 | (361.5) |
| Total Stockholders' Equity | 427.5 | 508.2 | 579.1 | 556.3 | 293.5 | (39.4) |
| Total Liabilities & Equity | 961.3 | 996.3 | 1,059.2 | 1,025.9 | 963.7 | 584.8 |
| Debt Metrics | ||||||
| Total Debt | 469.3 | 424.8 | 426.9 | 427.5 | 519.8 | 529.4 |
| Net Debt | 376.5 | 344.4 | 371.1 | 313.9 | 482.1 | 431.7 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Net Income | (29.8) | (42.5) | 1.3 | (10.0) | 9.2 | (12.6) |
| Depreciation & Amortization | 58.3 | 57.8 | 54.0 | 50.5 | 40.2 | 38.6 |
| Stock-Based Compensation | 51.4 | 30.6 | 22.8 | 30.7 | 2.8 | 1.8 |
| Change in Working Capital | (8.1) | (3.5) | (8.6) | (0.6) | 1.4 | (4.1) |
| Other Non-Cash Items | 5.6 | 2.0 | 3.3 | 14.3 | 12.4 | 3.3 |
| Operating Cash Flow | 77.8 | 68.0 | 74.6 | 89.8 | 67.5 | 21.8 |
| Investing Activities | ||||||
| Capital Expenditure | (0.4) | (10.2) | (9.4) | (5.7) | (7.3) | (6.0) |
| Acquisitions | 0 | 0.3 | (85.0) | (120.5) | (108.1) | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (7.1) | 20.8 | (30) | 0 | 0 | 0 |
| Investing Cash Flow | (7.5) | 20.1 | (124.3) | (126.3) | (115.4) | (6.0) |
| Financing Activities | ||||||
| Net Debt Issuance | 45.3 | (4.3) | (6.5) | (96.3) | (6.3) | 65.5 |
| Stock Repurchased | (104.8) | (61.2) | (3.4) | (2.0) | (3.1) | (2.4) |
| Dividends Paid | 0 | 0 | 0 | (0.0) | (0.1) | (0.0) |
| Other Financing Activities | 1.5 | 2.1 | (0.2) | (38.9) | (1.3) | (13.9) |
| Financing Cash Flow | (58.0) | (63.4) | (8.1) | 110.2 | (10.0) | 49.2 |
| Cash Position | ||||||
| Net Change in Cash | 12.3 | 24.7 | (57.9) | 73.8 | (57.9) | 65.0 |
| Cash at Beginning | 80.4 | 55.8 | 113.6 | 39.9 | 97.8 | 32.8 |
| Cash at End | 92.8 | 80.4 | 55.8 | 113.6 | 39.9 | 97.8 |
| Free Cash Flow | 77.4 | 57.8 | 65.2 | 84.1 | 60.7 | 15.8 |
| Key Metrics | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | 316.3 | 303.6 | 288.0 | 267.7 | 199.3 | 152.7 |
| Gross Profit | 207.8 | 195.1 | 145.6 | 178.1 | 149.9 | 105.4 |
| Operating Income | 4.6 | 15.5 | 28.6 | 37.7 | 45.6 | 20.3 |
| Net Income | (29.8) | (42.5) | 1.3 | (10.0) | 9.2 | (12.6) |
| EPS (Diluted) | -0.39 | -0.53 | 0.02 | -0.39 | -0.31 | -0.16 |
| Balance Sheet | ||||||
| Cash & Equivalents | 92.8 | 80.4 | 55.8 | 113.6 | 37.7 | 97.8 |
| Total Assets | 961.3 | 996.3 | 1,059.2 | 1,025.9 | 963.7 | 869.4 |
| Total Debt | 469.3 | 424.8 | 426.9 | 427.5 | 519.8 | 529.4 |
| Stockholders' Equity | 427.5 | 508.2 | 579.1 | 556.3 | 293.5 | (39.4) |
| Cash Flow | ||||||
| Operating Cash Flow | 77.8 | 68.0 | 74.6 | 89.8 | 67.5 | 21.8 |
| Capital Expenditure | (0.4) | (10.2) | (9.4) | (5.7) | (7.3) | (6.0) |
| Free Cash Flow | 77.4 | 57.8 | 65.2 | 84.1 | 60.7 | 15.8 |