ASX:EVT

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Event Hospitality & Entertainment

Market Cap

AU$1.9b

Last Updated

2021/07/28 08:21 UTC

Data Sources

Company Financials +

Executive Summary

Event Hospitality & Entertainment Limited operates as an entertainment, hospitality, and leisure company in Australia, New Zealand, and Germany. More Details


Snowflake Analysis

Reasonable growth potential and slightly overvalued.

Share Price & News

How has Event Hospitality & Entertainment's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: EVT is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: EVT's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

2.2%

EVT

2.9%

AU Entertainment

1.8%

AU Market


1 Year Return

55.8%

EVT

52.9%

AU Entertainment

26.9%

AU Market

Return vs Industry: EVT exceeded the Australian Entertainment industry which returned 52.6% over the past year.

Return vs Market: EVT exceeded the Australian Market which returned 27.1% over the past year.


Shareholder returns

EVTIndustryMarket
7 Day2.2%2.9%1.8%
30 Day-4.4%-2.1%2.0%
90 Day-7.9%-8.1%4.5%
1 Year55.8%55.8%53.0%52.9%31.5%26.9%
3 Year-8.3%-15.3%-18.9%-24.6%34.0%17.7%
5 Year-7.2%-20.7%-13.0%-24.3%67.5%35.0%

Long-Term Price Volatility Vs. Market

How volatile is Event Hospitality & Entertainment's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Event Hospitality & Entertainment undervalued compared to its fair value and its price relative to the market?

3.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: EVT (A$11.81) is trading below our estimate of fair value (A$12.18)

Significantly Below Fair Value: EVT is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: EVT is unprofitable, so we can't compare its PE Ratio to the Global Entertainment industry average.

PE vs Market: EVT is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate EVT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: EVT is good value based on its PB Ratio (2.2x) compared to the AU Entertainment industry average (2.3x).


Future Growth

How is Event Hospitality & Entertainment forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

50.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EVT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

Earnings vs Market: EVT is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: EVT's is expected to become profitable in the next 3 years.

Revenue vs Market: EVT's revenue (19% per year) is forecast to grow faster than the Australian market (5% per year).

High Growth Revenue: EVT's revenue (19% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: EVT's Return on Equity is forecast to be low in 3 years time (11.3%).


Past Performance

How has Event Hospitality & Entertainment performed over the past 5 years?

-34.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EVT is currently unprofitable.

Growing Profit Margin: EVT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: EVT is unprofitable, and losses have increased over the past 5 years at a rate of 34.7% per year.

Accelerating Growth: Unable to compare EVT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: EVT is unprofitable, making it difficult to compare its past year earnings growth to the Entertainment industry (20%).


Return on Equity

High ROE: EVT has a negative Return on Equity (-19.37%), as it is currently unprofitable.


Financial Health

How is Event Hospitality & Entertainment's financial position?


Financial Position Analysis

Short Term Liabilities: EVT's short term assets (A$215.0M) do not cover its short term liabilities (A$370.5M).

Long Term Liabilities: EVT's short term assets (A$215.0M) do not cover its long term liabilities (A$1.3B).


Debt to Equity History and Analysis

Debt Level: EVT's debt to equity ratio (61.8%) is considered high.

Reducing Debt: EVT's debt to equity ratio has increased from 21.4% to 61.8% over the past 5 years.

Debt Coverage: EVT's debt is not well covered by operating cash flow (6.2%).

Interest Coverage: Insufficient data to determine if EVT's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Event Hospitality & Entertainment current dividend yield, its reliability and sustainability?

3.18%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate EVT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate EVT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if EVT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if EVT's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: EVT is not paying a notable dividend for the Australian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of EVT's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

9.4yrs

Average management tenure


CEO

Jane Hastings (47 yo)

4yrs

Tenure

AU$2,432,584

Compensation

Ms. Jane M. Hastings, B.Com., has been the Chief Executive Officer and Managing Director of Event Hospitality & Entertainment Limited since July 1, 2017. Ms. Hastings served as the Chief Operating Officer ...


CEO Compensation Analysis

Compensation vs Market: Jane's total compensation ($USD1.80M) is above average for companies of similar size in the Australian market ($USD1.19M).

Compensation vs Earnings: Jane's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: EVT's management team is seasoned and experienced (9.4 years average tenure).


Board Members

Experienced Board: EVT's board of directors are considered experienced (8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Event Hospitality & Entertainment Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Event Hospitality & Entertainment Limited
  • Ticker: EVT
  • Exchange: ASX
  • Founded: 1910
  • Industry: Movies and Entertainment
  • Sector: Media
  • Market Cap: AU$1.907b
  • Shares outstanding: 161.20m
  • Website: https://www.evt.com

Location

  • Event Hospitality & Entertainment Limited
  • 478 George Street
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings


Biography

Event Hospitality & Entertainment Limited operates as an entertainment, hospitality, and leisure company in Australia, New Zealand, and Germany. The company operates through Entertainment, Hotels and Resor...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/28 08:21
End of Day Share Price2021/07/28 00:00
Earnings2020/12/31
Annual Earnings2020/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.