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Criteo Sa(CRTO)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$14.97
11/02/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
  • ALL
  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for CRTO

11/02/2026: CRTO (1-star) is currently NOT-A-BUY. Pass it for now.

Criteo SA is a global advertising technology company specializing in commerce media, providing tools for brands and retailers to deliver personalized ads. Its primary strength lies in its extensive access to first-party retail data, which helps it remain effective in a privacy-focused environment. The company's main growth story centers on its expanding Retail Media platform, which enables retailers to monetize their own websites. Key risks include intense competition from dominant tech platforms and sensitivity to tightening global data privacy regulations. The stock may interest growth-oriented investors looking for exposure to digital retail advertising, though they should monitor the successful integration of its recent technology acquisitions.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorStrong fitCriteo is aggressively pivoting toward the high-growth Retail Media sector.
Momentum investorMixed fitMomentum depends on the market's reaction to quarterly Retail Media growth results.
Value investorStrong fitThe stock often trades at modest valuation multiples compared to larger tech peers.
Dividend investorWeak fitThe company does not pay a dividend.
Low-risk investorWeak fitAdvertising tech is inherently volatile and sensitive to economic cycles.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighAd-tech stocks are highly sensitive to news regarding privacy and digital spend.
Valuation riskMediumMarket sentiment toward ad-tech can swing rapidly based on growth expectations.
Competition risk (Big Tech AI competition)HighDominant players like Google and Meta have massive data advantages.
Business qualityMediumThe transition to a new business model remains ongoing.
Dividend incomeLow / noneInvestors should not rely on CRTO for income.
Execution riskMediumSuccessful integration of acquired technologies like Iponweb is critical.

Price Behavior

Downtrend
PRICE PATH

Downtrend

The stock has experienced a sustained decline in price over recent periods.

Extreme Price Shocks
PRICE STABILITY

Extreme Price Shocks

The stock has experienced exceptionally large and disruptive price movements during the period.

Analysis of Past Performance

Type Stock
Historic Profit -8.06%
Avg. Invested days 33
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 11/02/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
CRTO receives a 4-star rating, supported by solid company fundamentals, and solid analyst coverage. The rating is constrained by weak price momentum.

Company Fundamentals

★★★★★
CRTO has solid overall fundamentals (4 stars), with moderate financial health, solid growth momentum, and solid ownership. In FY2025 versus FY2024, solid earnings growth (+29.6%) and solid cash generation (FCF margin 10.7%) are partially offset by moderate revenue growth (+0.6%), soft profitability (net margin 7.4%), modest insider ownership of 3.41%.

Financial Health Rating

★★★★★
CRTO's financial health is supported by solid cash strength, including free-cash-flow generation (10.7% of revenue). Profitability is moderate (3 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is CRTO's strongest growth driver at +29.6% FY2025 versus FY2024 (solid, 4 stars). Revenue growth (+0.6%, moderate) and free-cash-flow growth (+15.8%, solid) are also constructive, though not equally high across every growth measure.

Ownership

★★★★★
Institutional ownership is 88.7% and approximately 97.7% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 3.41% provides only moderate management-shareholder alignment.

Top 5 Institutional Investors

Neuberger Berman Group LLC 16.47%
DnB NOR Asset Management (Asia) 12.35%
Morgan Stanley - Brokerage Accounts 10.12%
RIMA MANAGEMENT, LLC 9.47%
BlueCrest Capital Management Ltd. 4.66%

Unit Economics (Per $1K Revenue)

★★★★★
CRTO generates approximately $540 of gross profit, $104 of operating income, and $107 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Moderate margins and solid cash conversion support a 3-star rating, while capital efficiency is solid.

Economic Dimensions

★★★★★
Effective Tax Rate: 26.62%

Quantitative Style Profile

★★★★★
CRTO has a liquid, relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedLow VolatilitySmall / Mid Cap RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 717.81M USD
Price to earnings Ratio 7.47
1Y Target Price 20.05
Price to earnings Ratio 7.47
1Y Target Price 20.05
Volume (30-day avg) 325.3K shares
Beta 0.3
52 Weeks Range 13.95 - 25.29
Updated Date 11/01/2026
52 Weeks Range 13.95 - 25.29
Updated Date 11/01/2026
Dividends yield (FY) -
Basic EPS (TTM) 1.96

How Company Makes Money

Business areaWhat it includesRetail investor read
Commerce Media PlatformIncludes Retail Media and Marketing Solutions revenue.Criteo makes money by helping retailers and brands show relevant ads to shoppers.
GeographyOperations across Americas, EMEA, and APAC.Revenue is globally diversified, though historically strong in Europe.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date 2026-11-04
When Before Market
Estimate 0.3
Actual -

Profitability

Profit Margin 5.6%
Operating Margin (TTM) 5.82%

Management Effectiveness

Return on Assets (TTM) 5.23%
Return on Equity (TTM) 9.32%

Valuation

Trailing PE 7.47
Forward PE 4.41
Enterprise Value 576.07M
Price to Sales(TTM) 0.39
Enterprise Value 576.07M
Price to Sales(TTM) 0.39
Enterprise Value to Revenue 0.31
Enterprise Value to EBITDA 2.09
Shares Outstanding 49.00M
Shares Floating 47.87M
Shares Outstanding 49.00M
Shares Floating 47.87M
Percent Insiders 3.41
Percent Institutions 88.7

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

Form CRS provides a relationship summary of our automated advisory services, flat subscription fees, and conflicts of interest. Form ADV Part 2A brochure contains complete details on services, billing, and disclosures. If any summary differs from our current regulatory filings, the filed Form ADV controls.