MULTICHOICE GROUP LIMITED |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 118.8 ZAR | +0.90% |
|
+2.18% | +46.62% |
| Apr. 18 | Deals of the day-Mergers and acquisitions | RE |
| Apr. 08 | Vivendi's Canal+ makes firm offer to buy rest of South Africa's MultiChoice | RE |
Valuation
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 52,968 | 36,612 | 55,044 | 56,380 | 52,675 | 50,367 | - | - |
| Enterprise Value (EV) 1 | 62,035 | 46,496 | 62,130 | 66,724 | 66,657 | 64,550 | 63,588 | 61,525 |
| P/E ratio | -32.3 x | 74.6 x | 25.9 x | - | -15.1 x | -50.2 x | 15.7 x | 11.7 x |
| Yield | - | 6.59% | 4.38% | 4.29% | - | 4.79% | 4.03% | 5.14% |
| Capitalization / Revenue | 1.06 x | 0.71 x | 1.03 x | 1.02 x | 0.89 x | 0.87 x | 0.85 x | 0.8 x |
| EV / Revenue | 1.24 x | 0.9 x | 1.16 x | 1.21 x | 1.13 x | 1.11 x | 1.07 x | 0.98 x |
| EV / EBITDA | 6.03 x | 4.17 x | 4.52 x | 5.14 x | 5.15 x | 6.4 x | 6.17 x | 4.69 x |
| EV / FCF | 13.9 x | 6.71 x | 8.43 x | - | 23.3 x | 80.6 x | 112 x | 20.5 x |
| FCF Yield | 7.21% | 14.9% | 11.9% | - | 4.29% | 1.24% | 0.89% | 4.88% |
| Price to Book | 4.23 x | 2.92 x | 4.43 x | 5.12 x | 5.43 x | 6.09 x | 5.74 x | 4.8 x |
| Nbr of stocks (in thousands) | 438,837 | 426,863 | 426,863 | 428,000 | 427,000 | 424,000 | - | - |
| Reference price 2 | 120.7 | 85.77 | 129.0 | 131.7 | 123.4 | 118.8 | 118.8 | 118.8 |
| Announcement Date | 6/18/19 | 6/10/20 | 6/10/21 | 6/9/22 | 6/13/23 | - | - | - |
1ZAR in Million2ZAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 50,095 | 51,387 | 53,338 | 55,240 | 59,141 | 58,068 | 59,499 | 62,635 |
| EBITDA 1 | 10,290 | 11,151 | 13,756 | 12,987 | 12,938 | 10,080 | 10,305 | 13,116 |
| EBIT 1 | 7,363 | 8,267 | 10,458 | 10,296 | 10,157 | 7,250 | 7,604 | 10,471 |
| Operating Margin | 14.7% | 16.09% | 19.61% | 18.64% | 17.17% | 12.49% | 12.78% | 16.72% |
| Earnings before Tax (EBT) 1 | 2,497 | 5,314 | 8,904 | - | 921 | 3,542 | 7,210 | 10,254 |
| Net income 1 | -1,644 | 507 | 2,161 | - | -3,478 | -1,509 | 2,045 | 4,650 |
| Net margin | -3.28% | 0.99% | 4.05% | - | -5.88% | -2.6% | 3.44% | 7.42% |
| EPS 2 | -3.740 | 1.150 | 4.970 | - | -8.150 | -2.364 | 7.557 | 10.15 |
| Free Cash Flow 1 | 4,472 | 6,927 | 7,373 | - | 2,861 | 801 | 565.5 | 3,004 |
| FCF margin | 8.93% | 13.48% | 13.82% | - | 4.84% | 1.38% | 0.95% | 4.8% |
| FCF Conversion (EBITDA) | 43.46% | 62.12% | 53.6% | - | 22.11% | 7.95% | 5.49% | 22.91% |
| FCF Conversion (Net income) | - | 1,366.27% | 341.18% | - | - | - | 27.65% | 64.61% |
| Dividend per Share 2 | - | 5.650 | 5.650 | 5.650 | - | 5.695 | 4.782 | 6.112 |
| Announcement Date | 6/18/19 | 6/10/20 | 6/10/21 | 6/9/22 | 6/13/23 | - | - | - |
1ZAR in Million2ZAR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2021 S1 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|
| Net sales 1 | 25,655 | 26,055 | 28,654 | 30,487 | - | 34,099 |
| EBITDA | - | 7,154 | - | - | - | - |
| EBIT 1 | - | 5,699 | - | - | - | 4,476 |
| Operating Margin | - | 21.87% | - | - | - | 13.13% |
| Earnings before Tax (EBT) 1 | - | - | - | - | - | 3,522 |
| Net income | - | - | - | - | -1,321 | - |
| Net margin | - | - | - | - | - | - |
| EPS | - | - | - | - | -310.0 | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 11/11/19 | 11/12/20 | 11/10/22 | 6/13/23 | 11/15/23 | - |
1ZAR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 9,067 | 9,884 | 7,086 | 10,344 | 13,982 | 14,183 | 13,221 | 11,158 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.8811 x | 0.8864 x | 0.5151 x | 0.7965 x | 1.081 x | 1.407 x | 1.283 x | 0.8507 x |
| Free Cash Flow 1 | 4,472 | 6,927 | 7,373 | - | 2,861 | 801 | 566 | 3,005 |
| ROE (net income / shareholders' equity) | -39.3% | 20% | 16.8% | 13.9% | 34.2% | 32.6% | 31.1% | 46% |
| ROA (Net income/ Total Assets) | -4.13% | 5.68% | 4.78% | - | 7.81% | 3.6% | 5.2% | 12.3% |
| Assets 1 | 39,790 | 8,930 | 45,190 | - | -44,509 | -41,917 | 39,327 | 37,809 |
| Book Value Per Share 2 | 28.60 | 29.40 | 29.10 | 25.70 | 22.70 | 19.50 | 20.70 | 24.70 |
| Cash Flow per Share | 12.40 | - | - | - | - | - | - | - |
| Capex 1 | 978 | 830 | 1,613 | 626 | 1,235 | 1,214 | 1,257 | 1,335 |
| Capex / Sales | 1.95% | 1.62% | 3.02% | 1.13% | 2.09% | 2.09% | 2.11% | 2.13% |
| Announcement Date | 6/18/19 | 6/10/20 | 6/10/21 | 6/9/22 | 6/13/23 | - | - | - |
1ZAR in Million2ZAR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
118.8
ZAR
Average target price
120.5
ZAR
Spread / Average Target
+1.44%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +46.62% | 2.68B | |
| +24.85% | 207B | |
| +9.98% | 16.08B | |
| -19.47% | 8.36B | |
| -15.67% | 7.93B | |
| 0.00% | 4.58B | |
| +37.01% | 4.24B | |
| +11.41% | 3.5B | |
| +18.46% | 2.55B | |
| -0.54% | 1.98B |
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- Financials MultiChoice Group Limited
