Media Disruption Pause, stay tuned
​EVS Broadcast Equipment SA is a company headquartered in Belgium, with around 20 offices in Europe, the Middle East, Asia and North America. Founded in 1994, its innovative Live Slow Motion system revolutionized live broadcasting. The traditional broadcasting earnings model has been disrupted. One of the key factors is the advent of internet protocol television (IPTV) and multi-platform delivery. This structural change has also undercut the revenue models of the traditional TV companies that rely for 80% on advertising and subscription revenues. Hence, the EVS investments in penetrating the studio market hit the pause button. The sports production is still evolving to higher definition and slow-motion. The revenue growth will return as the broadcasting equipment still benefits from long term growth and innovation. EVS is cutting costs as it unwinds the larger company model of the previous CEO that limited creativity and innovation. The fair value is estimated at 30 Euro in a conservative scenario of sales growth, profitability and capital needs.
EVS Broadcasting Equipment is engaged in the development and marketing of audiovisual equipment relating to the processing of pictures and sound. Co. provides solutions based on tapeless workflows with a consistent modular architecture. Co.'s activities are divided into the following regions: Asia-Pacific, Europe, Middle East and Africa, and America.
ValueScan operates as a team of independent analysts with strong industry track records. Valuation is based on a standardised method for all companies, independent of their size or sector . Each report delivers a long term analysis of the business plan and cash flows per segment. The model identifies 3 main drivers that are examined separately : Growth, Profitability and Capital needs. Most equity research overemphasises Growth and ignores Capital needs. An EVA analysis is presented to back test the results. Valuation theory is simplified to a level that strikes the right balance between complexity and flexibility. Valuescan operates fully independent from financial institutions, companies or other conflicts of interest. ValueScan analysts avoid mass investor happenings and herd behaviour. The ValueScan method assumes that eventually a company will reflect its true fair value when hype or over pessimism normalises.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.