MediaAlpha Inc. (Class A) (MAX) exhibits 15.0% gross margins and 19.7% return on invested capital within Consumer Discretionary (Business Services), balanced against a 41.1x enterprise multiple and 4.8% implied options volatility.
Sustained 15.0% gross profitability converts into 2.0% operating margin and 19.7% ROIC, outpacing sector cost of capital.
ROIC: 19.7% // GM: 15.0%YoY revenue trajectory of +28.8% paired with 7.80% free cash flow yield supports self-funded R&D and capital return.
REV YOY: +28.8% // FCF YLD: 7.80%Altman Z-Score of 2.64 and Piotroski F-Score of 7/9 indicate low near-term refinancing stress.
ALTMAN Z: 2.64 // F-SCORE: 7/9Trading at 32.6x trailing P/E (27.4x Fwd P/E) leaves valuation vulnerable if real 10Y TIPS yields spike.
P/E: 32.6x // EV/EBITDA: 41.1xOptions market prices a ±5.2% implied move with a 0.85 put/call ratio around $14.13 max pain.
IMPL MOVE: ±5.2% // P/C: 0.85Elevated industry capital intensity and customer concentration in Business Services require continuous execution to defend 2.3% net margins.
NET MARGIN: 2.3% // D/E: 8.50x| FILER | SIDE | $ VALUE |
|---|---|---|
| INSPECT FULL OWNERSHIP LEDGER IN OWN <GO> | ||
| STRIKE / EXP | TYPE | PREMIUM |
|---|---|---|
| INSPECT GEX & CHAIN IN OPT <GO> | ||
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