Financials eMedia Holdings Limited

Equities

EMH

ZAE000208898

Broadcasting

End-of-day quote Johannesburg S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
3.4 ZAR +5.59% Intraday chart for eMedia Holdings Limited +5.59% +8.28%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 1,231 997.8 1,419 1,284 1,657 1,500
Enterprise Value (EV) 1 1,703 1,381 1,859 1,812 1,897 1,911
P/E ratio -0.84 x 27.6 x -0.75 x 18.1 x 6.22 x 6.31 x
Yield - 2.67% 6.56% 4.75% 11.8% 11.4%
Capitalization / Revenue 0.56 x 0.41 x 0.56 x 0.53 x 0.52 x 0.48 x
EV / Revenue 0.78 x 0.57 x 0.74 x 0.74 x 0.59 x 0.61 x
EV / EBITDA 6.66 x 3.96 x 4.33 x 6.17 x 2.81 x 2.76 x
EV / FCF 3.78 x 1.59 x 2.52 x 2.55 x 1.58 x 2.18 x
FCF Yield 26.4% 62.9% 39.7% 39.2% 63.2% 45.9%
Price to Book 0.29 x 0.29 x 0.54 x 0.5 x 0.64 x 0.59 x
Nbr of stocks (in thousands) 444,597 444,153 443,354 443,114 443,114 442,869
Reference price 2 3.000 3.000 3.200 2.950 3.980 3.610
Announcement Date 7/27/18 7/31/19 8/1/20 7/30/21 7/27/22 7/26/23
1ZAR in Million2ZAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 2,196 2,406 2,520 2,444 3,206 3,142
EBITDA 1 255.6 348.6 428.9 293.5 674.9 691.8
EBIT 1 135.7 201.8 295.3 178.9 538.3 532
Operating Margin 6.18% 8.39% 11.72% 7.32% 16.79% 16.93%
Earnings before Tax (EBT) 1 -1,571 174.4 -1,742 172 527.5 518.1
Net income 1 -1,579 48.15 -1,888 72.26 283.3 253.3
Net margin -71.88% 2% -74.89% 2.96% 8.84% 8.06%
EPS 2 -3.552 0.1085 -4.259 0.1631 0.6396 0.5721
Free Cash Flow 1 450.2 868.5 737.2 711.1 1,198 876.7
FCF margin 20.5% 36.1% 29.25% 29.1% 37.38% 27.9%
FCF Conversion (EBITDA) 176.16% 249.11% 171.89% 242.31% 177.58% 126.72%
FCF Conversion (Net income) - 1,803.82% - 984.05% 423% 346.03%
Dividend per Share - 0.0800 0.2100 0.1400 0.4700 0.4100
Announcement Date 7/27/18 7/31/19 8/1/20 7/30/21 7/27/22 7/26/23
1ZAR in Million2ZAR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 472 383 440 527 240 411
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.846 x 1.098 x 1.025 x 1.797 x 0.3554 x 0.5939 x
Free Cash Flow 1 450 869 737 711 1,198 877
ROE (net income / shareholders' equity) -25.1% 2.11% -38.8% 3.72% 11% 9.42%
ROA (Net income/ Total Assets) 1.02% 1.74% 2.94% 2.06% 6.07% 5.91%
Assets 1 -154,132 2,768 -64,148 3,511 4,665 4,285
Book Value Per Share 2 10.30 10.40 5.910 5.950 6.220 6.150
Cash Flow per Share 2 0.1900 0.1900 0.4300 0.1400 0.4500 0.3200
Capex 1 57 99.6 185 242 84.5 93.9
Capex / Sales 2.59% 4.14% 7.33% 9.88% 2.64% 2.99%
Announcement Date 7/27/18 7/31/19 8/1/20 7/30/21 7/27/22 7/26/23
1ZAR in Million2ZAR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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