Executive Summary
SKY Network Television Limited, an entertainment company, provides sport and entertainment media services in New Zealand.
Snowflake
Fundamentals
Fair value with moderate growth potential.
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
Market Performance
7 Day Return
-3.4%
SKT
-3.5%
AU Media
0.7%
AU Market
1 Year Return
-50.5%
SKT
-17.2%
AU Media
11.0%
AU Market
Return vs Industry: SKT underperformed the Australian Media industry which returned -17.2% over the past year.
Return vs Market: SKT underperformed the Australian Market which returned 11% over the past year.
Shareholder returns
| SKT | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.4% | -3.5% | 0.7% |
| 30 Day | -4.7% | -8.0% | -0.2% |
| 90 Day | -9.5% | -11.9% | -0.1% |
| 1 Year | -47.2%-50.5% | -13.2%-17.2% | 17.4%11.0% |
| 3 Year | -71.4%-77.5% | 7.2%-14.7% | 36.3%18.0% |
| 5 Year | -72.8%-81.5% | -7.4%-35.7% | 51.4%17.3% |
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?
44.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: SKT (A$1.01) is trading below our estimate of fair value (A$1.82)
Significantly Undervalued: 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 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
Low 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 (1.2x) compared to the AU Media industry average (1.3x).
Next Steps
Future Growth
How is SKY Network Television forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
96.4%
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 year, which is considered above average market growth.
High Growth Earnings: SKT's loss is forecast to worsen by 0% next year.
Revenue vs Market: SKT's revenue is expected to decline over the next 3 years (-3.6% per year).
High Growth Revenue: SKT's revenue is forecast to decline over the next 3 years (-3.6% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: SKT's Return on Equity is forecast to be low in 3 years time (10.3%).
Next Steps
Past Performance
How has SKY Network Television performed over the past 5 years?
-63.1%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: SKT is unprofitable, and losses have increased over the past 5 years at a rate of -63.1% 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 (-13.9%).
Return on Equity
High ROE: SKT has a negative Return on Equity (-172.89%), as it is currently unprofitable.
Return on Assets
ROA vs Industry: SKT is currently unprofitable, so its Return on Assets is negative.
Return on Capital Employed
ROCE Improving: SKT is currently unprofitable, so its Return on Capital Employed is negative.
Next Steps
Financial Health
How is SKY Network Television's financial position?
Financial Position Analysis
Short Term Liabilities: SKT's short term assets (NZ$160.8M) do not cover its short term liabilities (NZ$205.9M)
Long Term Liabilities: SKT's short term assets (160.8M) do not cover its long term liabilities (213.8M)
Debt to Equity History and Analysis
Debt Level: SKT's debt to equity ratio (54.4%) is considered high
Reducing Debt: SKT's debt to equity ratio has increased from 30.3% to 54.4% over the past 5 years.
Debt Coverage: SKT's debt is well covered by operating cash flow (93.1%).
Interest Coverage: SKT is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Inventory Level: SKT has a high level of physical assets or inventory.
Debt Coverage by Assets: SKT's debt is not covered by short term assets (assets are 0.8x debt).
Next Steps
Dividend
What is SKY Network Television's current dividend yield, its reliability and sustainability?
2.83%
Forecast Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: Unable to evaluate SKT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate SKT's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
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
What is the CEO of SKY Network Television's salary, the management and board of directors tenure and is there insider trading?
0.4yrs
Average management tenure
CEO
Martin Stewart (55yo)
0.7yrs
Tenure
NZ$1,750,000
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, 201Â ...
CEO Compensation Analysis
Compensation vs. Market: Martin has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the Australian market.
Compensation vs Earnings: Insufficient data to compare Martin's compensation with company performance.
Management Age and Tenure
0.4yrs
Average Tenure
Experienced Management: SKT's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.
Board Age and Tenure
3.1yrs
Average Tenure
58yo
Average Age
Experienced Board: SKT's board of directors are considered experienced (3.1 years average tenure).
Insider Trading
Insider Buying: SKT insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Company |
| Shares | 6,045,245 |
| Max Price | NZ$1.05 |
| Entity | Company |
| Shares | 274,395 |
| Max Price | NZ$1.17 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 23,016 |
| Max Price | NZ$1.09 |
| Entity | Company |
| Shares | 6,059,977 |
| Max Price | NZ$1.09 |
| Entity | Company |
| Shares | 370,595 |
| Max Price | NZ$2.25 |
| Entity | Company |
| Shares | 4,103,202 |
| Max Price | NZ$1.96 |
| Entity | Company |
| Shares | 6,928,419 |
| Max Price | NZ$1.53 |
| Entity | Company |
| Shares | 1,566,368 |
| Max Price | NZ$2.04 |
Ownership Breakdown
Management Team
Martin Stewart (55yo)
CEO & Executive Director
- Tenure: 0.7yrs
- Compensation: NZ$1.75m
Martin Wrigley
Director of Operations
- Tenure: 17.8yrs
Steve Bayliss
Chief Marketing Officer
- Tenure: 0.4yrs
Blair Woodbury
Chief Financial Officer
- Tenure: 0.3yrs
Sophie Moloney
Chief Legal
- Tenure: 0yrs
Chaz Savage
Chief Revenue Officer
- Tenure: 0yrs
Prabhu Singh
Director of Technology
- Tenure: 0.2yrs
Board Members
Martin Stewart (55yo)
CEO & Executive Director
- Tenure: 0.7yrs
- Compensation: NZ$1.75m
Joan Withers (66yo)
Director
- Tenure: 0.08yrs
Peter Macourt
Independent Director
- Tenure: 18.8yrs
- Compensation: NZ$187.00k
Susan Paterson (62yo)
Independent Director
- Tenure: 4.2yrs
- Compensation: NZ$132.00k
Mike Darcy (54yo)
Independent Director
- Tenure: 2.1yrs
- Compensation: NZ$100.00k
Geraldine McBride (58yo)
Director
- Tenure: 6.1yrs
- Compensation: NZ$100.00k
Derek Handley
Independent Director
- Tenure: 6.1yrs
- Compensation: NZ$117.00k
Philip Bowman
Independent Chairman
- Tenure: 0.08yrs
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$443.221m
- Listing Market Cap: NZ$412.044m
- Shares outstanding: 414.23m
- 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 | Dec 1997 |
| SKT | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Dec 1997 |
| SKT | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Dec 1997 |
| SYKW.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Dec 1997 |
Biography
SKY Network Television Limited, an entertainment company, provides sport and entertainment media services in New Zealand. It offers sports, drama, music, movies, and on-demand content. The company also off ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/16 10:33 |
| End of Day Share Price | 2019/10/16 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2019/06/30 |
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.