Prime Media Group Limited provides commercial television broadcasting services in Australia.
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Flawless balance sheet and fair value.
Share Price & News
How has Prime Media Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PRT's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: PRT underperformed the Australian Media industry which returned -46.7% over the past year.
Return vs Market: PRT underperformed the Australian Market which returned -19.2% over the past year.
Price Volatility Vs. Market
How volatile is Prime Media Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall StPrime Media Group Limited (ASX:PRT)'s Return on Capital
1 year ago | Simply Wall StWhat Should You Know About Prime Media Group Limited's (ASX:PRT) Return On Capital?
1 year ago | Simply Wall StShould Prime Media Group Limited's (ASX:PRT) Recent Earnings Worry You?
Is Prime Media Group undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PRT (A$0.1) is trading below our estimate of fair value (A$0.94)
Significantly Below Fair Value: PRT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PRT is poor value based on its PE Ratio (22.8x) compared to the Media industry average (15.2x).
PE vs Market: PRT is poor value based on its PE Ratio (22.8x) compared to the Australian market (13x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PRT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PRT is good value based on its PB Ratio (0.6x) compared to the AU Media industry average (1x).
How is Prime Media Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if PRT's forecast earnings growth is above the savings rate (1.1%).
Earnings vs Market: Insufficient data to determine if PRT's earnings are forecast to grow faster than the Australian market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PRT's revenue (7.3% per year) is forecast to grow faster than the Australian market (4.1% per year).
High Growth Revenue: PRT's revenue (7.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if PRT's Return on Equity is forecast to be high in 3 years time
How has Prime Media Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PRT has a large one-off loss of A$14.0M impacting its December 31 2019 financial results.
Growing Profit Margin: PRT's current net profit margins (0.9%) are lower than last year (3.3%).
Past Earnings Growth Analysis
Earnings Trend: PRT's earnings have declined by -4.7% per year over the past 5 years.
Accelerating Growth: PRT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PRT had negative earnings growth (-75%) over the past year, making it difficult to compare to the Media industry average (-37.7%).
Return on Equity
High ROE: PRT's Return on Equity (2.7%) is considered low.
How is Prime Media Group's financial position?
Financial Position Analysis
Short Term Liabilities: PRT's short term assets (A$53.1M) exceed its short term liabilities (A$16.3M).
Long Term Liabilities: PRT's short term assets (A$53.1M) exceed its long term liabilities (A$12.2M).
Debt to Equity History and Analysis
Debt Level: PRT's debt to equity ratio (13.3%) is considered satisfactory.
Reducing Debt: PRT's debt to equity ratio has reduced from 58.9% to 13.3% over the past 5 years.
Debt Coverage: PRT's debt is well covered by operating cash flow (355.9%).
Interest Coverage: PRT's interest payments on its debt are well covered by EBIT (21.6x coverage).
Inventory Level: PRT has a high level of physical assets or inventory.
Debt Coverage by Assets: PRT's debt is covered by short term assets (assets are 6.7x debt).
What is Prime Media Group's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate PRT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate PRT's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if PRT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if PRT's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: PRT is not paying a notable dividend for the Australian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of PRT's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Ian Audsley (58yo)
Mr. Ian Craig Audsley has been the Chief Executive Officer of Prime Media Group Limited since June 16, 2010. Mr. Audsley served as Chief Executive of TV3 Network Limited and C4 until June 1, 2010. He serve ...
CEO Compensation Analysis
Compensation vs Market: Ian's total compensation ($USD915.29K) is above average for companies of similar size in the Australian market ($USD238.58K).
Compensation vs Earnings: Ian's compensation has been consistent with company performance over the past year.
|CEO & Executive Director||9.83yrs||AU$1.52m||0.27% A$97.4k|
|Independent Non-Executive Director||11.83yrs||AU$95.00k||no data|
|Interim Independent Chairman||0.33yr||AU$95.00k||no data|
|Independent Non-Executive Director||5yrs||AU$95.00k||0.020% A$7.5k|
Experienced Board: PRT's board of directors are considered experienced (7.4 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.5%.
Prime Media Group Limited's company bio, employee growth, exchange listings and data sources
- Name: Prime Media Group Limited
- Ticker: PRT
- Exchange: ASX
- Industry: Broadcasting
- Sector: Media
- Market Cap: AU$36.633m
- Shares outstanding: 366.33m
- Website: https://www.primemedia.com.au
- Prime Media Group Limited
- 363 Antill Street
- Australian Capital Territory
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PRT||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Jan 1992|
|PRT||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Jan 1992|
|P7D||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jan 1992|
Prime Media Group Limited provides commercial television broadcasting services in Australia. It offers free-to-air television broadcasting services under the PRIME7 and GWN7 brands in regional New South Wales, the Australian Capital Territory, regional Victoria, the Gold Coast area of Southern Queensland, and regional Western Australia. The company is based in Watson, Australia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/05 11:05|
|End of Day Share Price||2020/04/03 00:00|
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.