DMRC

Digimarc Corporation

TMT


Presented:10/18/2021
Price:$37.50
Cap:$0.63B
Current Price:$29.68
Cap:$0.64B

Presented

Date10/18/2021
Price$37.50
Market Cap$0.63B
Ent Value$0.50B
P/E RatioN/A
Book Value$3.85
Div Yield0%
Shares O/S16.93M
Ave Daily Vol107,640
Short Int24.38%

Current

Price$29.68
Market Cap$0.64B
Digimarc Corp. engages in the provision of media identification and management solutions. It develops solutions, license intellectual property and provides development services. The company also connects print, audio and packaging to brand-defined online content; protects, identifies, and tracks digital files; and confirms content and objects are genuine, unaltered, and from an authorized source. Its products include Digimarc Discover and Digimarc Barcode. Digimarc was founded on June 18, 2008 and is headquartered in Beaverton, OR.

Publicly traded companies mentioned herein: Amazon.com Inc (AMZN), Coca-Cola Co/The (KO), Dell Technologies Inc (DELL), Digimarc Corp (DMRC), Microsoft Corp (MSFT), Nestle SA (NESN SW), PepsiCo Inc (PEP), Procter & Gamble Co/The (PG)

Highlights

The presenter is long shares of Digimarc Corp (DMRC), a ~$600MM company that is the world leader in digital watermarking. Digital watermarks are holographic prints placed on physical objects, imperceptible to the naked eye, which is being positioned as the successor to barcodes and QR codes. With the backing of 130 major companies, digital watermarking as a solution to recycle plastics efficiently is beginning industrial trials. The technology will either be proved out or not in the next few weeks, and the presenter believes it will become the solution to standardize recycling in Europe if the trials are successful. If so, he values the European recycling opportunity at 20x earnings, resulting in a multi-bagger for DMRC’s stock, with incremental upside based on other geographies and use cases. 

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Idea Discussion

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