Financials African Media Entertainment Limited

Equities

AME

ZAE000055802

Broadcasting

End-of-day quote Johannesburg S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
33.01 ZAR 0.00% Intraday chart for African Media Entertainment Limited +0.03% +0.06%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 366.8 296.4 158.7 174.3 362.4 225
Enterprise Value (EV) 1 272.1 215.8 110.8 101.8 270.3 142.8
P/E ratio 8.31 x 13.2 x 15.3 x 618 x 12.4 x 6.49 x
Yield 6.67% 6.22% - 4.55% 6.09% 11.1%
Capitalization / Revenue 1.4 x 1.08 x 0.6 x 0.87 x 1.45 x 0.84 x
EV / Revenue 1.04 x 0.79 x 0.42 x 0.51 x 1.08 x 0.53 x
EV / EBITDA 4.12 x 3.23 x 2.12 x 3.47 x 5.74 x 2.61 x
EV / FCF 6.64 x 46.8 x -4.55 x 5.33 x 8.15 x 5.33 x
FCF Yield 15.1% 2.14% -22% 18.8% 12.3% 18.8%
Price to Book 1.47 x 1.19 x 0.66 x 0.73 x 1.44 x 0.91 x
Nbr of stocks (in thousands) 8,152 8,012 7,933 7,923 7,878 7,142
Reference price 2 45.00 37.00 20.00 22.00 46.00 31.50
Announcement Date 7/20/18 7/23/19 7/20/20 7/21/21 7/28/22 7/20/23
1ZAR in Million2ZAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 262.5 273.6 262.7 200.1 250.8 268.7
EBITDA 1 66.1 66.83 52.18 29.35 47.12 54.83
EBIT 1 59.48 60.7 46.34 22.14 39.75 47.43
Operating Margin 22.66% 22.18% 17.64% 11.07% 15.85% 17.65%
Earnings before Tax (EBT) 1 70.08 35.87 48.13 16.55 45.87 56.28
Net income 1 43.72 22.46 10.33 0.282 29.33 36.6
Net margin 16.65% 8.21% 3.93% 0.14% 11.7% 13.62%
EPS 2 5.414 2.808 1.304 0.0356 3.722 4.855
Free Cash Flow 1 40.98 4.609 -24.33 19.1 33.17 26.82
FCF margin 15.61% 1.68% -9.26% 9.55% 13.23% 9.98%
FCF Conversion (EBITDA) 62.01% 6.9% - 65.09% 70.39% 48.92%
FCF Conversion (Net income) 93.74% 20.52% - 6,774.02% 113.06% 73.28%
Dividend per Share 2 3.000 2.300 - 1.000 2.800 3.500
Announcement Date 7/20/18 7/23/19 7/20/20 7/21/21 7/28/22 7/20/23
1ZAR in Million2ZAR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 94.7 80.6 47.9 72.5 92 82.1
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 41 4.61 -24.3 19.1 33.2 26.8
ROE (net income / shareholders' equity) 20.6% 4.55% 13.6% 1.05% 12.9% 16.4%
ROA (Net income/ Total Assets) 11.4% 11.4% 9.26% 4.52% 7.84% 8.86%
Assets 1 385 196.7 111.6 6.235 374 413.1
Book Value Per Share 2 30.60 31.10 30.50 30.30 31.90 34.40
Cash Flow per Share 2 11.80 10.10 6.020 9.120 11.70 11.50
Capex 1 3.71 21.8 42.5 3.02 3.58 6.31
Capex / Sales 1.41% 7.96% 16.16% 1.51% 1.43% 2.35%
Announcement Date 7/20/18 7/23/19 7/20/20 7/21/21 7/28/22 7/20/23
1ZAR in Million2ZAR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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