Executive Summary
SKY Network Television Limited, an entertainment company, provides sport and entertainment media services in New Zealand and internationally. More Details
Snowflake Analysis
Adequate balance sheet and fair value.
Similar Companies
Share Price & News
How has SKY Network Television's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SKT has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
3.7%
SKT
2.4%
AU Media
-0.5%
AU Market
1 Year Return
-85.2%
SKT
-26.5%
AU Media
-6.2%
AU Market
Return vs Industry: SKT underperformed the Australian Media industry which returned -25.3% over the past year.
Return vs Market: SKT underperformed the Australian Market which returned -5.4% over the past year.
Shareholder returns
| SKT | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.7% | 2.4% | -0.5% |
| 30 Day | 3.7% | 26.0% | 6.8% |
| 90 Day | 7.7% | 41.7% | 4.4% |
| 1 Year | -49.6%-85.2% | -15.7%-26.5% | -2.9%-6.2% |
| 3 Year | -76.3%-94.0% | -23.4%-41.7% | 17.9%2.9% |
| 5 Year | -84.9%-96.8% | 1.2%-32.2% | 43.9%14.6% |
Price Volatility Vs. Market
How volatile is SKY Network Television's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is SKY Network Television undervalued compared to its fair value and its price relative to the market?
41.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SKT (A$0.14) is trading below our estimate of fair value (A$0.24)
Significantly Below Fair Value: SKT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SKT is unprofitable, so we can't compare its PE Ratio to the AU Media industry average.
PE vs Market: SKT 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 SKT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SKT is good value based on its PB Ratio (0.7x) compared to the AU Media industry average (1.2x).
Next Steps
Future Growth
How is SKY Network Television forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
82.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SKT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.3%).
Earnings vs Market: SKT is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: SKT's is expected to become profitable in the next 3 years.
Revenue vs Market: SKT's revenue is expected to decline over the next 3 years (-4.2% per year).
High Growth Revenue: SKT's revenue is forecast to decline over the next 3 years (-4.2% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SKT's Return on Equity is forecast to be low in 3 years time (4.8%).
Next Steps
Past Performance
How has SKY Network Television performed over the past 5 years?
-65.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SKT is currently unprofitable.
Growing Profit Margin: SKT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: SKT is unprofitable, and losses have increased over the past 5 years at a rate of 65.4% per year.
Accelerating Growth: Unable to compare SKT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SKT is unprofitable, making it difficult to compare its past year earnings growth to the Media industry (-9.6%).
Return on Equity
High ROE: SKT has a negative Return on Equity (-41.81%), as it is currently unprofitable.
Next Steps
Financial Health
How is SKY Network Television's financial position?
Financial Position Analysis
Short Term Liabilities: SKT's short term assets (NZ$293.0M) do not cover its short term liabilities (NZ$382.1M).
Long Term Liabilities: SKT's short term assets (NZ$293.0M) exceed its long term liabilities (NZ$80.9M).
Debt to Equity History and Analysis
Debt Level: SKT's debt to equity ratio (27.4%) is considered satisfactory.
Reducing Debt: SKT's debt to equity ratio has increased from 25.7% to 27.4% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable SKT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: SKT is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 12.8% per year.
Next Steps
Dividend
What is SKY Network Television current dividend yield, its reliability and sustainability?
3.07%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SKT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SKT'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 SKT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SKT's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: SKT is not paying a notable dividend for the Australian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SKT'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?
1.4yrs
Average management tenure
CEO
Martin Stewart (56 yo)
1.67yrs
Tenure
NZ$1,500,000
Compensation
Mr. Martin David Stewart serves as an Executive Director at SKY Network Television Limited since April 18, 2019. He has been Chief Executive Officer of SKY Network Television Limited since February 21, 201 ...
CEO Compensation Analysis
Compensation vs Market: Martin's total compensation ($USD998.80K) is above average for companies of similar size in the Australian market ($USD512.27K).
Compensation vs Earnings: Martin's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 1.67yrs | NZ$1.50m | 0.074% NZ$ 179.3k | |
| Director of Operations | 18.75yrs | no data | no data | |
| Chief Technology Officer | 1.17yrs | no data | no data | |
| Chief People Officer | 0.083yr | no data | no data | |
| Chief Content Officer | 0.75yr | no data | no data | |
| Chief Creative Officer | no data | no data | no data | |
| Chief Customer Officer | no data | no data | no data | |
| Chief Innovation Advisor | no data | no data | no data | |
| Chief Commercial Officer & Company Secretary | 1.58yrs | no data | 0.052% NZ$ 126.6k |
1.4yrs
Average Tenure
Experienced Management: SKT's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 1.67yrs | NZ$1.50m | 0.074% NZ$ 179.3k | |
| Independent Director | 1.08yrs | NZ$104.58k | no data | |
| Independent Director | 0.50yr | NZ$38.00k | 0.0089% NZ$ 21.6k | |
| Independent Director | 3.08yrs | NZ$100.00k | 0.086% NZ$ 209.1k | |
| Independent Director | 7.08yrs | NZ$100.00k | 0.0050% NZ$ 12.3k | |
| Independent Director | 7.08yrs | NZ$117.00k | 0.0010% NZ$ 2.5k | |
| Independent Chairman | 1.08yrs | NZ$181.67k | 0.043% NZ$ 104.5k |
1.5yrs
Average Tenure
59yo
Average Age
Experienced Board: SKT's board of directors are not considered experienced ( 1.5 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: SKT insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 321.6%.
Top Shareholders
Company Information
SKY Network Television Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: SKY Network Television Limited
- Ticker: SKT
- Exchange: ASX
- Founded: 2005
- Industry: Cable and Satellite
- Sector: Media
- Market Cap: NZ$260.196m
- Listing Market Cap: NZ$243.416m
- Shares outstanding: 1.75b
- Website: https://www.sky.co.nz
Number of Employees
Location
- SKY Network Television Limited
- 10 Panorama Road
- Mt Wellington
- Auckland
- New Zealand
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SKT | NZSE (New Zealand Stock Exchange) | Yes | Ordinary Shares | NZ | NZD | Jul 2005 |
| SKT | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Jul 2005 |
| SKT | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Jul 2005 |
| SYKW.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jul 2005 |
Biography
SKY Network Television Limited, an entertainment company, provides sport and entertainment media services in New Zealand and internationally. It offers sport, movies, shows, documentaries, music, and news ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/22 10:34 |
| End of Day Share Price | 2020/10/21 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2020/06/30 |
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.