Returns On Capital At PlaySide Studios (ASX:PLY) Paint A Concerning Picture
Apr 19
Australian (ASX) Entertainment Industry Analysis
UpdatedApr 26, 2024
DataAggregated Company Financials
Companies5
- 7D1.5%
- 3M-0.02%
- 1Y8.0%
- YTD4.5%
In the last week, the Entertainment industry is up 1.5%, with PlaySide Studios up 11%. This means that the industry has gained 8.0% over the past year. As for the next few years, earnings are expected to grow by 30% per annum.
Industry Valuation and Performance
Has the Australian Entertainment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 27 Apr 2024 | AU$2.5b | AU$1.4b | AU$32.3m | 48.6x | 76.5x | 1.8x |
| Mon, 25 Mar 2024 | AU$2.5b | AU$1.4b | AU$38.3m | 52.8x | 65.1x | 1.8x |
| Wed, 21 Feb 2024 | AU$2.3b | AU$1.4b | AU$15.0m | 35.7x | 154.1x | 1.7x |
| Fri, 19 Jan 2024 | AU$2.4b | AU$1.4b | AU$88.7m | 18.7x | 27.5x | 1.8x |
| Sun, 17 Dec 2023 | AU$2.4b | AU$1.4b | AU$88.7m | 19x | 27.6x | 1.8x |
| Tue, 14 Nov 2023 | AU$2.1b | AU$1.4b | AU$88.7m | 16.3x | 24.2x | 1.5x |
| Thu, 12 Oct 2023 | AU$2.2b | AU$1.4b | AU$88.7m | 16.8x | 24.3x | 1.6x |
| Sat, 09 Sep 2023 | AU$2.3b | AU$1.4b | AU$85.7m | 17.8x | 27x | 1.7x |
| Mon, 07 Aug 2023 | AU$2.4b | AU$1.3b | AU$106.0m | 14.4x | 23.1x | 1.9x |
| Wed, 05 Jul 2023 | AU$2.3b | AU$1.3b | AU$106.1m | 13.9x | 21.3x | 1.7x |
| Fri, 02 Jun 2023 | AU$2.3b | AU$1.3b | AU$106.0m | 14.1x | 21.8x | 1.8x |
| Sun, 30 Apr 2023 | AU$2.3b | AU$1.3b | AU$106.0m | 14.2x | 22x | 1.8x |
| Tue, 28 Mar 2023 | AU$2.3b | AU$1.3b | AU$109.0m | 14.3x | 21.5x | 1.8x |
| Thu, 23 Feb 2023 | AU$2.5b | AU$1.3b | AU$113.3m | 18.1x | 22.2x | 2x |
| Sat, 21 Jan 2023 | AU$2.7b | AU$1.0b | AU$49.9m | 32.1x | 54.2x | 2.6x |
| Mon, 19 Dec 2022 | AU$2.6b | AU$1.0b | AU$49.8m | 33.6x | 52.5x | 2.5x |
| Wed, 16 Nov 2022 | AU$2.8b | AU$1.0b | AU$49.8m | 32.1x | 55.8x | 2.7x |
| Fri, 14 Oct 2022 | AU$2.6b | AU$1.0b | AU$49.7m | 28.7x | 52.5x | 2.5x |
| Sun, 11 Sep 2022 | AU$2.8b | AU$1.0b | AU$49.9m | 36.5x | 56.5x | 2.7x |
| Tue, 09 Aug 2022 | AU$2.9b | AU$832.2m | AU$23.6m | 23.4x | 122.7x | 3.5x |
| Thu, 07 Jul 2022 | AU$2.7b | AU$832.2m | AU$23.5m | 24x | 113.7x | 3.2x |
| Sat, 04 Jun 2022 | AU$3.0b | AU$832.2m | AU$23.7m | 25x | 124.7x | 3.5x |
| Mon, 02 May 2022 | AU$3.0b | AU$832.2m | AU$23.6m | 22.2x | 127.7x | 3.6x |
| Wed, 30 Mar 2022 | AU$3.0b | AU$832.2m | AU$24.1m | 20.7x | 125.8x | 3.6x |
| Fri, 25 Feb 2022 | AU$3.1b | AU$840.9m | AU$25.9m | 43.6x | 117.9x | 3.6x |
| Sun, 23 Jan 2022 | AU$3.0b | AU$707.4m | -AU$67,653,232.00 | 38.5x | -44.1x | 4.2x |
| Tue, 21 Dec 2021 | AU$2.9b | AU$707.4m | -AU$67,667,137.00 | 30.6x | -42.5x | 4.1x |
| Thu, 18 Nov 2021 | AU$3.2b | AU$704.1m | -AU$60,477,307.00 | 42.8x | -52.7x | 4.5x |
| Sat, 16 Oct 2021 | AU$3.0b | AU$704.5m | -AU$60,449,350.00 | 47.8x | -49.5x | 4.2x |
| Mon, 13 Sep 2021 | AU$2.7b | AU$705.1m | -AU$60,667,489.11 | 43x | -44.8x | 3.9x |
| Wed, 11 Aug 2021 | AU$2.4b | AU$705.1m | -AU$60,667,489.11 | 28.2x | -39.2x | 3.4x |
| Sun, 06 Jun 2021 | AU$2.5b | AU$681.4m | -AU$131,391,222.30 | 186x | -18.7x | 3.6x |
Price to Earnings Ratio
-18.6x
Current Industry PE
- Investors are optimistic on the Australian Entertainment industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 76.5x which is higher than its 3-year average PE of 31.3x.
- The 3-year average PS ratio of 2.8x is higher than the industry's current PS ratio of 1.8x.
Past Earnings Growth
- Total earnings for the Entertainment industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 26% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Australian Telecom industry?
| AU Market | 0.42% | |
| Telecom | 0.95% | |
| Entertainment | 1.48% | |
| Interactive Home Entertainment | 2.81% | |
| Movies and Entertainment | 1.22% | |
Industry PE
- Investors are most optimistic about the Movies and Entertainment industry which is trading above its 3-year average PE ratio of 10.0x.
- Analysts are expecting annual earnings growth of 31.2%, which is higher than its past year's earnings growth of 2.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Movies and Entertainment industry, expecting annual earnings growth of 31% over the next 5 years.
- This is better than its past earnings growth rate of 2.9% per year.
- In contrast, the Interactive Home Entertainment industry is expected to see its earnings grow by 23% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| PLY PlaySide Studios | AU$0.89 | 10.6% +AU$34.7m | 154.3% | PE48.6x | |
| MKL Mighty Kingdom | AU$0.004 | -20.0% AU$5.5m | -88.6% | PS1.1x | |
| BBL Brisbane Broncos | AU$1.00 | 1.5% +AU$1.5m | -1.5% | PE17.4x | |
| SP8 StreamPlay Studio | AU$0.008 | 14.3% +AU$1.2m | -11.1% | PS4.2x |
