Edison Investment Research - Entertainment One Ltd. (ETO) Entertainment One - PJ Masks catching Peppa

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Edison Investment Research

Entertainment One - PJ Masks catching Peppa

eOneâ€™s H118 results delivered a 36% increase in EBITDA driven by an outstanding performance in Family with Peppa Pig making its mark in China and the rapid global roll out of PJ Masks establishing it as a global brand. Management has reiterated that the company is on track to deliver full year expectations; we have updated our forecasts for mix effects but leave our overall EBITDA forecast unchanged.

21/11/2017 8 EN

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.

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CA29382B1022 Canada

Provider

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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Other Reports on these Companies

TheScreener

An unfavourable environment weighs on ENTERTAINMENT ONE LTD., which sees a downgrade to Neutral

The independent financial analyst theScreener just requalified the general evaluation of ENTERTAINMENT ONE LTD. (CA), active in the Broadcasting & Entertainment industry. As regards its fundamental valuation, the title still shows 1 out of 4 stars and its market behaviour is seen as defensive. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Neutral. As of the analysis date September 27, 2019, the closing price was GBp 567.00 and its target price was estimated at GBp 399.48.

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Entertainment One - Trading update and library revaluation

Entertainment Oneâ€™s trading update to 23 September (ie most of H1) does not disclose figures, due to the Hasbro bid. The group is heavily weighted to H2. Family & Brands achieved flat revenues against prior period, despite a difficult trading environment. Film, TV and Music (FTM) revenues were slightly behind, with a strong music performance offset by unflattering comparatives in film and TV due to timing and mix. The independent library revaluation was $2.1bn at end March (2018: $2.0bn). The acquisition agreement with Hasbro, for 560p per share cash, is to be put to share-holders on 17 Octo...

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Entertainment One - Mark Gordonâ€™s content

Entertainment One (ETO) has reached a multi-year production agreement with Mark Gordon to develop and produce content. The continuing alignment of his efforts with the groupâ€™s objectives is good news and removes any residual uncertainty post last monthâ€™s press stories. We have now updated our forecasts for the bond refinancing; the reduction in forecast interest costs results in uplifts to PBT and EPS for FY20e and FY21e of 4â€“5%. ETO is currently trading at a discount of around 7% to peers, based on our sum-of-the-parts valuation.

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Entertainment One - PJ Masks catching Peppa

An unfavourable environment weighs on ENTERTAINMENT ONE LTD., which sees a downgrade to Neutral

Entertainment One - Trading update and library revaluation

Entertainment One - Mark Gordonâ€™s content

Basilea Pharmaceutica - Cresemba milestone payments continue to roll in

AAC Clyde Space - Solid start to the year with further order growth

Tinexta - Typical seasonality in Q124

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