reports
HINDUSTAN MEDIA VENTURES with less fundamental stars is reduced to Neu...
HINDUSTAN MEDIA VENTURES (IN), a company active in the Publishing industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 3 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis...
- Aliasgar Shakir
MOSL: HINDUSTAN MEDIA VENTURES (Neutral)-Muted earnings-growth outlook...
HINDUSTAN MEDIA VENTURES: Muted earnings; growth outlook modest (HMVL IN, Mkt Cap USD0.3b, CMP INR220, TP INR237, 8% Upside, Neutral) Dismal revenue growth: revenue declined 14% YoY (-12% QoQ) to INR2b (16% miss). Ad revenue fell 15% YoY to INR1.5b, primarily due to a high base (4QFY17 - due to UP elections). Circulation revenue was down 11% YoY to INR0.5b, mainly due to lower yields. Consol. EBITDA fell 54% YoY to INR264m (59% miss), with the margin down 11.1pp YoY to 13.1%. Yet, PAT fel...
- Aliasgar Shakir
MOSL: HINDUSTAN MEDIA VENTURES (Buy)-Lackluster growth, but outlook im...
Hindustan Media Ventures: Lackluster growth, but outlook improving (HMVL IN, Mkt Cap USD0.3b, CMP INR266, TP INR305, 15% Upside, Buy) Muted revenue growth: 3QFY18 revenue came in flat YoY (9% QoQ) at INR2.3b (in line v/s est. of INR2.35b), despite a low base (3QFY17 was impacted by demonetization), largely due to (i) shift of Diwali ad spends to 2Q this year and (ii) lackluster local ad spend due to GST-related uncertainty. EBITDA increased 43% YoY (+29% QoQ) to INR583m (est. of INR439m), as...
- Aliasgar Shakir
MOSL: HINDUSTAN MEDIA VENTURES (Buy)-GST and RERA prune ad growth
​Hindustan Media Ventures: GST and RERA prune ad growth;(HMVL IN, Mkt Cap USD0.3b, CMP INR250, TP INR302, 21% Upside, Buy)A quarter of weak earnings: Revenue fell 8% YoY (-11% QoQ) to INR2.1b (below est. of INR2.3b) owing to subdued ad and circulation revenue. EBITDA dropped 10% YoY (-11% QoQ) to INR454m (est. of INR492m), largely led by a decline in revenues and a rise of ~290bp in raw material cost. EBITDA margin shrunk 50bp YoY (flat QoQ) to 21.5% (50bp above est. of 21%). PAT plunged 25% Y...
MOSL: HINDUSTAN MEDIA VENTURES (Buy)-GST-led pain impacts ad growth
​Hindustan Media Ventures: GST-led pain impacts ad growth(HMVL IN, Mkt Cap USD0.3b, CMP INR274, TP INR350, 28% Upside, Buy)EBITDA misses estimate led by unfavorable operating leverage: HMVL’s 1QFY18 EBITDA declined 10% YoY to INR510m (est. of INR651m) due to GST-led ad pain. The base quarter does not include charges pertaining to HTDSL (HTML’s multimedia digital content arm) carve-out, and thus, financials are strictly not comparable. Like-to-like comparison is not disclosed. Reported PAT ...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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