PRT (ASX:PRT) - Share price, News & Analysis

PRT fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	0/6
Past Performance	4/6
Financial Health	6/6
Dividends	3/6

PRT Stock Overview

PRT Company Limited provides commercial television broadcasting services in Australia.

Rewards

Trading at 22.2% below our estimate of its fair value

Earnings grew by 809.1% over the past year

Risk Analysis

Shares are highly illiquid

Unstable dividend track record

Large one-off items impacting financial results

PRT Competitors

Southern Cross Media Group

ASX:SXL

AU$394.0m

Sports Entertainment Group

ASX:SEG

AU$62.6m

HT&E

ASX:HT1

AU$504.0m

Seven West Media

ASX:SWM

AU$993.8m

Price History & Performance

Summary of all time highs, changes and price drops for PRT
Historical stock prices
Current Share Price	AU$0.47
52 Week High	AU$0.47
52 Week Low	AU$0.20
Beta	0.81
1 Month Change	0%
3 Month Change	4.49%
1 Year Change	97.87%
3 Year Change	86.00%
5 Year Change	55.00%
Change since IPO	5.68%

Recent News & Updates

Nov 01

Prime Media Group (ASX:PRT) Will Be Hoping To Turn Its Returns On Capital Around

What underlying fundamental trends can indicate that a company might be in decline? Businesses in decline often have...

Shareholder Returns

	PRT	AU Media	AU Market
7D	0%	-1.4%	-0.05%
1Y	97.9%	-7.7%	0.3%

Return vs Industry: PRT exceeded the Australian Media industry which returned 2.1% over the past year.

Return vs Market: PRT exceeded the Australian Market which returned 6.2% over the past year.

Price Volatility

Is PRT's price volatile compared to industry and market?
PRT volatility
PRT Average Weekly Movement	n/a
Media Industry Average Movement	6.5%
Market Average Movement	9.5%
10% most volatile stocks in AU Market	16.6%
10% least volatile stocks in AU Market	4.3%

Stable Share Price: Insufficient data to determine PRT's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine PRT's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1970	n/a	n/a	https://www.prtcompany.com.au

PRT Company 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 was formerly known as Prime Media Group Limited and changed its name to PRT Company Limited in January 2022.

PRT Fundamentals Summary

How do PRT's earnings and revenue compare to its market cap?
PRT fundamental statistics
Market Cap	AU$170.34m
Earnings (TTM)	AU$19.55m
Revenue (TTM)	AU$168.58m

8.7x

P/E Ratio

1.0x

P/S Ratio

Is PRT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
PRT income statement (TTM)
Revenue	AU$168.58m
Cost of Revenue	AU$133.22m
Gross Profit	AU$35.36m
Other Expenses	AU$15.82m
Earnings	AU$19.55m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	0.053
Gross Margin	20.98%
Net Profit Margin	11.59%
Debt/Equity Ratio	0.0%

How did PRT perform over the long term?

See historical performance and comparison

Dividends

4.3%

Current Dividend Yield

38%

Payout Ratio

New valuation analysis is now available for all ASX stocks. This is in beta.

Future Growth

How is PRT forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

-6.8%

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 (1.8%).

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 is expected to decline over the next 3 years (-6.8% per year).

High Growth Revenue: PRT's revenue is forecast to decline over the next 3 years (-6.8% 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

Past Performance

How has PRT performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

36.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PRT has a large one-off gain of A$8.9M impacting its December 31 2021 financial results.

Growing Profit Margin: PRT's current net profit margins (11.6%) are higher than last year (3.1%).

Past Earnings Growth Analysis

Earnings Trend: PRT has become profitable over the past 5 years, growing earnings by 36.4% per year.

Accelerating Growth: PRT's earnings growth over the past year (809.1%) exceeds its 5-year average (36.4% per year).

Earnings vs Industry: PRT earnings growth over the past year (809.1%) exceeded the Media industry 32.7%.

Return on Equity

High ROE: PRT's Return on Equity (14.7%) is considered low.

Financial Health

How is PRT's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: PRT's short term assets (A$133.0M) exceed its short term liabilities (A$226.0K).

Long Term Liabilities: PRT has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: PRT is debt free.

Reducing Debt: PRT has no debt compared to 5 years ago when its debt to equity ratio was 82%.

Debt Coverage: PRT has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: PRT has no debt, therefore coverage of interest payments is not a concern.

Balance Sheet

Dividend

What is PRT current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

4.30%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: PRT's dividend (4.3%) is higher than the bottom 25% of dividend payers in the Australian market (2.39%).

High Dividend: PRT's dividend (4.3%) is low compared to the top 25% of dividend payers in the Australian market (5.73%).

Stability and Growth of Payments

Stable Dividend: PRT's dividend payments have been volatile in the past 10 years.

Growing Dividend: PRT's dividend payments have fallen over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (37.7%), PRT's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (55.5%), PRT's dividend payments are covered by cash flows.

Discover strong dividend paying companies

Management

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

0.08yrs

Average board tenure

CEO

PRT has no CEO, or we have no data on them.

Board Members

Experienced Board: PRT's board of directors are not considered experienced ( 0.1 years average tenure), which suggests a new board.

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.

Data	Last Updated (UTC time)
Company Analysis	2022/04/24 00:00
End of Day Share Price	2022/01/25 00:00
Earnings	2021/12/31
Annual Earnings	2021/06/30