Central European Media Enterprises

CETV's net profit fell 29.1% yoy to USD 31.2 mil in 2Q2020

By Helgi Library - August 26, 2020

Central European Media Enterprises made a net profit of USD 31.2 mil with revenues of USD 136 mil in 2Q2020, up by 245% and ...

CETV's Cash & Cash Equivalents remain unchanged yoy at USD mil in 2Q2020

By Helgi Library - October 12, 2020

Central European Media Enterprises's total assets reached USD 1,463 mil at the end of 2Q2020, down 0.408% compared to the previo...

CETV's Net Debt/EBITDA fell 19.5% yoy to 2.04 in 2Q2020

By Helgi Library - August 26, 2020

Central European Media Enterprises's net debt stood at USD 447 mil and accounted for 72.3% of equity at the end of 2Q2020. The r...

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CETV's Total Cash From Operations fell 11.7% yoy to USD 39.1 mil in 2Q2020

By Helgi Library - August 26, 2020

Central European Media Enterprises's operating cash flow stood at USD 39.1 mil in 2Q2020, down 11.7% when compared to the previous year. Historically, between 2Q1998 - 2Q2020, the firm’s operating cash flow reached a high of USD 344 mil in 2Q2003 and a...

CETV's ROCE fell 27.7% yoy to 10.5% in 2Q2020

By Helgi Library - August 26, 2020

Central European Media Enterprises made a net profit of USD 31.2 mil in 2Q2020, down 29.1% compared to the previous year. Historically, between 4Q1993 and 2Q2020, the company's net profit reached a high of USD 331 mil in 2Q2003 and a low of USD -494 mil in 4Q201...

CETV's Share Price fell 18.8% yoy to USD 3.54 in 2Q2020

By Helgi Library - August 26, 2020

Central European Media Enterprises stock traded at USD 3.54 per share at the end 2Q2020 implying a market capitalization of USD 901 mil. Since the end of 2Q2015, stock has appreciated by 62.4% implying an annual average growth of 10.2% In absolute terms, the val...

CETV's Net Margin fell 3.93% yoy to 23.0% in 2Q2020

By Helgi Library - August 26, 2020

Central European Media Enterprises made a net profit of USD 31.2 mil with revenues of USD 136 mil in 2Q2020, down by 29.1% and down by 26.2%, respectively, compared to the previous year. This translates into a net margin of 23.0%. Historically, between ...

CETV's Sales fell 26.2% yoy to USD 136 mil in 2Q2020

By Helgi Library - August 26, 2020

Central European Media Enterprises generated sales of USD 136 mil in 2Q2020, down 26.2% compared to the previous year. Historically, between 4Q1993 and 2Q2020, the company’s sales reached a high of USD 305 mil in 2Q2008 and a low of USD 0 mil in 4Q1993. ...

CETV's price/earnings (P/E) rose 104% yoy to 12.2 in 4Q2019

By Helgi Library - August 26, 2020

Central European Media Enterprises stock traded at USD 4.53 per share at the end 4Q2019 translating into a market capitalization of USD 1,149 mil. Since the end of 4Q2014, stock has appreciated by 41.1% representing an annual average growth of 7.13%. In...

CETV's net profit fell 24.5% yoy to USD 119 mil in 2019

By Helgi Library - August 26, 2020

Central European Media Enterprises made a net profit of USD 119 mil with revenues of USD 695 mil in 2019, down by 24.5% and down by 1.29%, respectively, compared to the previous year. This translates into a net margin of 17.1%. On the operating level, EBI...

CETV's price/earnings (P/E) rose 104% yoy to 14.2 in 2019

By Helgi Library - August 26, 2020

Central European Media Enterprises stock traded at USD 4.53 per share at the end 2019 translating into a market capitalization of USD 1,149 mil. Since the end of 2014, stock has appreciated by 41.1% representing an annual average growth of 7.13%. In abs...

CETV's Total Cash From Operations rose 62.0% yoy to USD 180 mil in 2019

By Helgi Library - August 26, 2020

Central European Media Enterprises's operating cash flow stood at USD 180 mil in 2019, up 62% when compared to the previous year. Historically, between 1993 - 2019, the firm’s operating cash flow reached a high of USD 180 mil in 2019 and a low of USD -...

CETV's ROCE fell 21.9% yoy to 10.2% in 2019

By Helgi Library - August 26, 2020

Central European Media Enterprises made a net profit of USD 119 mil in 2019, down 24.5% compared to the previous year. Historically, between 1993 and 2019, the company's net profit reached a high of USD 346 mil in 2003 and a low of USD -536 mil in 2012. T...

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Central European Media Enterprises Ltd. (CETV) is a media and entertainment company operating in Central and Eastern Europe. The business is managed on a geographical basis, with six operating segment, Bulgaria, Croatia, the Czech Republic, Romania, The Slovak Republic and Slovenia. CETV is the broadcast market leader in every country where it has stations present and reaches the homes of over 50 mil people. It started life as a single channel in the Czech Republic in 1994. Nowadays, the Company operates a total of 36 television channels and over 70 Websites across its markets and the video-on-demand service Voyo. The company is listed on NASDAQ and Prague Stock Exchange. Time Warner holds a 49.8% economic interest in the Company.

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Finance

Central European Media Enterprises has been growing its sales by 0.408% a year on average in the last 5 years. EBITDA has grown on average by 14.4% a year during that time to total of USD 237 mil in 2019, or 34.2% of sales. That’s compared to 49.5% average margin seen in last five years.

The company netted USD 119 mil in 2019 implying ROE of 21.5% and ROCE of 10.2%. Again, the average figures were -6.71% and 0.278%, respectively when looking at the previous 5 years.

Central European Media Enterprises’s net debt amounted to USD 582 mil at the end of 2019, or 95.2% of equity. When compared to EBITDA, net debt was 2.45x, down when compared to average of 2.91x seen in the last 5 years.

Valuation

Central European Media Enterprises stock traded at USD 4.53 per share at the end of 2019 resulting in a market capitalization of USD 1,149 mil. Over the previous five years, stock price grew by 41.1% or 7.13% a year on average. The closing price put stock at a 12-month trailing EV/EBITDA of 7.29x and price to earnings (PE) of 14.2x as of 2019.