Report

Update: Strategy to double in size

eOne’s management has set out its strategy to double in size within five years, a creditable target given its success to date. The focus is now on Television and Family, to capitalise on the structural growth in demand for content from broadcast and digital channels, part funded by strengthening cash flows from Film. We expect eOne to continue to buy and build, leveraging existing expertise. Our EBITDA estimates are unchanged post the recent interims. As one of the largest pure content plays, eOne’s FY15e EV/EBITDA of 11.2x and P/E of 14.4x look very attractive.
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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