Report

Flash note: Building Family brands

Entertainment One’s investor presentation highlighted the growth in its Family division, which doubled in size in FY14 (to 10% of group EBITDA) driven by growing licensing and merchandising (L&M) revenues. Peppa Pig remains the key property but eOne is growing its range of brands and demographic target markets, with two new brands due to be launched in FY15. There was no new financial information and the next results will be interims in November. The shares have drifted slightly on little news-flow and the FY15e P/E of 14.7x and EV/EBITDA of 11.1x looks good value.
Underlying
Entertainment One Ltd.

Entertainment One is engaged in the acquisition, production and distribution of film and television content rights across all media throughout the world.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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