ASX:EVT

Stock Analysis Report

Event Hospitality & Entertainment

Executive Summary

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


Snowflake Analysis

Established dividend payer and good value.

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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

21.8%

EVT

10.2%

AU Entertainment

13.4%

AU Market


1 Year Return

-44.5%

EVT

-50.4%

AU Entertainment

-18.8%

AU Market

Return vs Industry: EVT exceeded the Australian Entertainment industry which returned -50.4% over the past year.

Return vs Market: EVT underperformed the Australian Market which returned -18.8% over the past year.


Shareholder returns

EVTIndustryMarket
7 Day21.8%10.2%13.4%
30 Day-34.8%-44.3%-20.7%
90 Day-44.9%-52.4%-24.4%
1 Year-42.1%-44.5%-48.7%-50.4%-15.2%-18.8%
3 Year-35.4%-42.7%-46.4%-51.2%-2.8%-15.9%
5 Year-25.0%-38.6%-49.1%-56.9%9.3%-15.3%

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?

7.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: EVT (A$7.5) is trading below our estimate of fair value (A$8.09)

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 good value based on its PE Ratio (11.9x) compared to the Entertainment industry average (19x).

PE vs Market: EVT is good value based on its PE Ratio (11.9x) compared to the Australian market (12.9x).


Price to Earnings Growth Ratio

PEG Ratio: EVT's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: EVT is good value based on its PB Ratio (1.1x) compared to the AU Entertainment industry average (1.7x).


Next Steps

Future Growth

How is Event Hospitality & Entertainment forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

-21.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EVT's earnings are forecast to decline over the next 3 years (-21.4% per year).

Earnings vs Market: EVT's earnings are forecast to decline over the next 3 years (-21.4% per year).

High Growth Earnings: EVT's earnings are forecast to decline over the next 3 years.

Revenue vs Market: EVT's revenue (5% per year) is forecast to grow faster than the Australian market (4% per year).

High Growth Revenue: EVT's revenue (5% 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 (10.3%).


Next Steps

Past Performance

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

-1.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EVT has high quality earnings.

Growing Profit Margin: EVT's current net profit margins (10.1%) are lower than last year (10.9%).


Past Earnings Growth Analysis

Earnings Trend: EVT's earnings have declined by -1.5% per year over the past 5 years.

Accelerating Growth: EVT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: EVT had negative earnings growth (-6.5%) over the past year, making it difficult to compare to the Entertainment industry average (9.7%).


Return on Equity

High ROE: EVT's Return on Equity (9%) is considered low.


Next Steps

Financial Health

How is Event Hospitality & Entertainment's financial position?


Financial Position Analysis

Short Term Liabilities: EVT's short term assets (A$604.4M) do not cover its short term liabilities (A$974.1M).

Long Term Liabilities: EVT's short term assets (A$604.4M) exceed its long term liabilities (A$588.4M).


Debt to Equity History and Analysis

Debt Level: EVT's debt to equity ratio (36.1%) is considered satisfactory.

Reducing Debt: EVT's debt to equity ratio has increased from 14.1% to 36.1% over the past 5 years.

Debt Coverage: EVT's debt is well covered by operating cash flow (59.7%).

Interest Coverage: EVT's interest payments on its debt are well covered by EBIT (8.2x coverage).


Balance Sheet

Inventory Level: EVT has a high level of physical assets or inventory.

Debt Coverage by Assets: EVT's debt is covered by short term assets (assets are 1.5x debt).


Next Steps

Dividend

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

6.93%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: EVT's dividend (6.93%) is higher than the bottom 25% of dividend payers in the Australian market (3.22%).

High Dividend: EVT's dividend (6.93%) is low compared to the top 25% of dividend payers in the Australian market (8.38%).


Stability and Growth of Payments

Stable Dividend: EVT's dividends per share have been stable in the past 10 years.

Growing Dividend: EVT's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (82.8%), EVT's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: EVT's dividends in 3 years are forecast to be covered by earnings (70% payout ratio).


Next Steps

Management

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

8.0yrs

Average management tenure


CEO

Jane Hastings (45yo)

2.67s

Tenure

AU$2,913,654

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 ($USD1.79M) is above average for companies of similar size in the Australian market ($USD1.08M).

Compensation vs Earnings: Jane's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Jane Hastings
CEO, MD & Director2.67yrsAU$2.91m0.0074% A$81.0k
Gregory Dean
Director of Finance & Accounting and Company Secretary8.42yrsAU$1.13m0.098% A$1.1m
Hans Eberstaller
Managing Director of Commercialno dataAU$637.36kno data
David Stone
Company Secretary8yrsno datano data

8.0yrs

Average Tenure

Experienced Management: EVT's management team is seasoned and experienced (8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jane Hastings
CEO, MD & Director2.67yrsAU$2.91m0.0074% A$81.0k
Valerie Davies
Independent Non-Executive Director8.83yrsAU$134.00k0.0087% A$94.6k
Peter Coates
Lead Independent Director6.25yrsAU$134.00k0.029% A$317.0k
Alan Rydge
Non-Executive Chairman40.17yrsAU$328.00k2.75% A$29.9m
David Grant
Independent Non-Executive Director6.67yrsAU$173.00k0.0046% A$50.6k
Richard Newton
Independent Non-Executive Director12yrsAU$134.00k0.041% A$451.2k
Patria Mann
Independent Non-Executive Director6.42yrsAU$155.00k0.0044% A$48.2k

6.7yrs

Average Tenure

59yo

Average Age

Experienced Board: EVT's board of directors are considered experienced (6.7 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: EVT 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$1.088b
  • Shares outstanding: 161.20m
  • Website: https://www.evt.com

Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EVTASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJan 1992
AQHEDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
EVTCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJan 1992
EVTCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJan 1992

Biography

Event Hospitality & Entertainment Limited operates as an entertainment, hospitality, and leisure company in Australia, New Zealand, and Germany. The company operates through Entertainment Australia, Entertainment New Zealand, Hotels and Resorts, Thredbo Alpine Resort, and Property and Other Investments segments. It is involved in cinema exhibition operations under the Event Cinemas, Moonlight Cinemas, CineStar Cinemas, Greater Union and Birch, and Carroll & Coyle cinemas brands; and the operation of Cine Buzz Rewards, a movie loyalty program, as well as State Theatre, a 2,000-seat theatre located in Sydney. The company also supplies cinema technology solutions to the industry in digital and electronic cinema, and film projection portfolios; owns, operates, and manages hotels and resorts under the Rydges, QT, Atura, and Thredbo Alpine brand names; and operates Priority Guest Rewards, a hotel and resort rewards program. In addition, it invests in, develops, and rents properties; and invests in shares of listed and unlisted companies. The company was formerly known as Amalgamated Holdings Limited and changed its name to Event Hospitality & Entertainment Limited in December 2015. Event Hospitality & Entertainment Limited was founded in 1910 and is headquartered in Sydney, Australia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/31 10:34
End of Day Share Price2020/03/31 00:00
Earnings2019/12/31
Annual Earnings2019/06/30


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.