Is Cyfrowy Polsat (WSE:CPS) A Risky Investment?
Sep 23
Polish (WIG) Media Industry Analysis
UpdatedSep 28, 2023
DataAggregated Company Financials
Companies20
- 7D-5.6%
- 3M-22.5%
- 1Y-20.8%
- YTD-26.2%
Over the last 7 days, the Media industry has dropped 3.3%, driven by Cyfrowy Polsat declining 3.8%. In contrast, IMS has gained 8.2%. Overall the industry is down 19% in 12 months. Earnings are forecast to grow by 27% annually.
Industry Valuation and Performance
Has the Polish Media Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 28 Sep 2023 | zł9.4b | zł15.4b | zł521.8m | 10.8x | 18.1x | 0.6x |
| Sat, 26 Aug 2023 | zł10.7b | zł15.4b | zł539.5m | 10.1x | 19.8x | 0.7x |
| Mon, 24 Jul 2023 | zł11.9b | zł15.3b | zł818.8m | 10.6x | 14.5x | 0.8x |
| Wed, 21 Jun 2023 | zł12.4b | zł15.3b | zł815.2m | 10x | 15.2x | 0.8x |
| Fri, 19 May 2023 | zł12.4b | zł15.2b | zł750.4m | 10.2x | 16.5x | 0.8x |
| Sun, 16 Apr 2023 | zł11.9b | zł14.9b | zł1.1b | 9.7x | 11.1x | 0.8x |
| Tue, 14 Mar 2023 | zł12.2b | zł14.9b | zł1.1b | 9.9x | 10.7x | 0.8x |
| Thu, 09 Feb 2023 | zł13.0b | zł14.9b | zł1.1b | 10.3x | 11.4x | 0.9x |
| Sat, 07 Jan 2023 | zł13.1b | zł14.9b | zł1.1b | 7.9x | 11.6x | 0.9x |
| Mon, 05 Dec 2022 | zł12.8b | zł14.8b | zł1.1b | 8.5x | 11.2x | 0.9x |
| Wed, 02 Nov 2022 | zł12.6b | zł14.5b | zł4.1b | 6.3x | 3.1x | 0.9x |
| Fri, 30 Sep 2022 | zł11.4b | zł14.5b | zł4.1b | 7.5x | 2.8x | 0.8x |
| Sun, 28 Aug 2022 | zł14.0b | zł14.5b | zł13.8b | 8.8x | 1x | 1x |
| Tue, 26 Jul 2022 | zł14.0b | zł14.3b | zł4.3b | 8.4x | 3.2x | 1x |
| Thu, 23 Jun 2022 | zł13.9b | zł14.3b | zł4.3b | 7.8x | 3.2x | 1x |
| Sat, 21 May 2022 | zł15.2b | zł14.2b | zł4.3b | 8.9x | 3.6x | 1.1x |
| Mon, 18 Apr 2022 | zł18.8b | zł14.2b | zł4.4b | 12.1x | 4.2x | 1.3x |
| Wed, 16 Mar 2022 | zł18.7b | zł14.2b | zł4.4b | 13.3x | 4.3x | 1.3x |
| Fri, 11 Feb 2022 | zł20.8b | zł14.2b | zł4.4b | 12.6x | 4.8x | 1.5x |
| Sun, 09 Jan 2022 | zł22.9b | zł14.2b | zł4.4b | 12.6x | 5.3x | 1.6x |
| Tue, 07 Dec 2021 | zł23.5b | zł14.2b | zł4.4b | 12.6x | 5.4x | 1.7x |
| Thu, 04 Nov 2021 | zł24.1b | zł14.0b | zł1.5b | 14.6x | 15.6x | 1.7x |
| Sat, 02 Oct 2021 | zł24.0b | zł14.0b | zł1.5b | 13.9x | 15.5x | 1.7x |
| Mon, 30 Aug 2021 | zł25.8b | zł14.0b | zł1.5b | 13.4x | 16.8x | 1.8x |
| Tue, 06 Jul 2021 | zł20.6b | zł14.0b | zł1.5b | 13.5x | 13.4x | 1.5x |
| Fri, 09 Apr 2021 | zł20.2b | zł13.6b | zł1.2b | 10.7x | 16.2x | 1.5x |
| Thu, 31 Dec 2020 | zł20.6b | zł13.6b | zł1.0b | 13.3x | 19.9x | 1.5x |
| Sun, 04 Oct 2020 | zł18.4b | zł13.6b | zł1.0b | 10.2x | 17.6x | 1.3x |
Price to Earnings Ratio
17.6x
Current Industry PE
- Investors are optimistic on the Polish Media industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 18.5x which is higher than its 3-year average PE of 11.4x.
- The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 0.63x.
Past Earnings Growth
- The earnings for companies in the Media industry have declined 21% per year over the last three years.
- Meanwhile revenues for these companies have grown 4.2% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Polish Telecom industry?
| PL Market | -3.22% | |
| Telecom | -5.36% | |
| Media | -5.56% | |
| Advertising | 0.93% | |
| Publishing | 0.21% | |
| Broadcasting | -1.16% | |
| Cable and Satellite | -6.59% | |
Industry PE
- Investors are most optimistic about the Advertising industry which is trading above its 3-year average PE ratio.
- Analysts expect its future annual earnings growth (11.7%) to be largely in line with prior year's earnings growth.
Forecasted Growth
- Analysts are most optimistic on the Publishing industry, expecting annual earnings growth of 85% over the next 5 years.
- This is better than its past earnings growth rate of 27% per year.
- In contrast, the Advertising industry is expected to see its earnings grow by 12% 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 | |
|---|---|---|---|---|---|
| IMS IMS | zł3.36 | 5.0% +zł5.4m | 42.4% | PE15.1x | |
| MZA Muza | zł16.50 | 8.6% +zł4.2m | 161.9% | PE8.8x | |
| VER MPL Verbum | zł6.80 | 25.9% +zł3.4m | 52.5% | PE23x | |
| FAB Fabrity Holding | zł36.00 | 2.3% +zł2.0m | 36.4% | PE18.3x | |
| PGM PMPG Polskie Media | zł3.52 | 7.3% +zł1.9m | 30.4% | PE10.8x |