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Major Cineplex Group

DB:MJG1
Snowflake Description

Proven track record with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MJG1
DB
฿25B
Market Cap
  1. Home
  2. DE
  3. Media
Company description

Major Cineplex Group Public Company Limited, together with its subsidiaries, operates as a lifestyle entertainment company primarily in Thailand. The last earnings update was 69 days ago. More info.


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MJG1 Share Price and Events
7 Day Returns
3.5%
DB:MJG1
0.1%
DE Entertainment
0.8%
DE Market
1 Year Returns
4.3%
DB:MJG1
13%
DE Entertainment
-4.5%
DE Market
MJG1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Major Cineplex Group (MJG1) 3.5% -0.9% 19.7% 4.3% -5.8% 82.8%
DE Entertainment 0.1% 5.8% 11.1% 13% 34.4% 75.5%
DE Market 0.8% 6.9% 8.1% -4.5% 10.4% 13.9%
1 Year Return vs Industry and Market
  • MJG1 underperformed the Entertainment industry which returned 13% over the past year.
  • MJG1 outperformed the Market in Germany which returned -4.5% over the past year.
Price Volatility
MJG1
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Major Cineplex Group's competitors could be found in our database.

MJG1 Value

 Is Major Cineplex Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Major Cineplex Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Major Cineplex Group.

DB:MJG1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:MJG1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Entertainment Unlevered Beta Simply Wall St/ S&P Global 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.963 (1 + (1- 20%) (15.96%))
1.058
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.058 * 5.96%)
6.53%

Discounted Cash Flow Calculation for DB:MJG1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Major Cineplex Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:MJG1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (THB, Millions) Source Present Value
Discounted (@ 6.53%)
2019 1,468.00 Analyst x2 1,378.00
2020 1,917.75 Analyst x4 1,689.81
2021 1,919.00 Analyst x3 1,587.24
2022 1,921.19 Est @ 0.11% 1,491.63
2023 1,924.04 Est @ 0.15% 1,402.25
2024 1,927.35 Est @ 0.17% 1,318.55
2025 1,930.99 Est @ 0.19% 1,240.05
2026 1,934.86 Est @ 0.2% 1,166.36
2027 1,938.90 Est @ 0.21% 1,097.13
2028 1,943.07 Est @ 0.21% 1,032.08
Present value of next 10 years cash flows ฿13,403.09
DB:MJG1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ฿1,943.07 × (1 + 0.23%) ÷ (6.53% – 0.23%)
฿30,896.19
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ฿30,896.19 ÷ (1 + 6.53%)10
฿16,410.83
DB:MJG1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ฿13,403.09 + ฿16,410.83
฿29,813.91
Equity Value per Share
(THB)
= Total value / Shares Outstanding
= ฿29,813.91 / 894.67
฿33.32
DB:MJG1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:MJG1 represents 0.02713x of SET:MAJOR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.02713x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (THB) x Listing Adjustment Factor
= ฿ 33.32 x 0.02713
€0.90
Value per share (EUR) From above. €0.90
Current discount Discount to share price of €0.75
= -1 x (€0.75 - €0.90) / €0.90
17.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Major Cineplex Group is available for.
Intrinsic value
17%
Share price is €0.746 vs Future cash flow value of €0.90399
Current Discount Checks
For Major Cineplex Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Major Cineplex Group's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Major Cineplex Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Major Cineplex Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Major Cineplex Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:MJG1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in THB ฿1.43
SET:MAJOR Share Price ** SET (2019-04-25) in THB ฿27.5
Germany Entertainment Industry PE Ratio Median Figure of 10 Publicly-Listed Entertainment Companies 19.26x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 20.1x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Major Cineplex Group.

DB:MJG1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SET:MAJOR Share Price ÷ EPS (both in THB)

= 27.5 ÷ 1.43

19.17x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Major Cineplex Group is good value based on earnings compared to the DE Entertainment industry average.
  • Major Cineplex Group is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Major Cineplex Group's expected growth come at a high price?
Raw Data
DB:MJG1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
6.2%per year
Europe Entertainment Industry PEG Ratio Median Figure of 30 Publicly-Listed Entertainment Companies 1.75x
Germany Market PEG Ratio Median Figure of 268 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

DB:MJG1 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.17x ÷ 6.2%

3.11x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Major Cineplex Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Major Cineplex Group's assets?
Raw Data
DB:MJG1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in THB ฿7.28
SET:MAJOR Share Price * SET (2019-04-25) in THB ฿27.5
Germany Entertainment Industry PB Ratio Median Figure of 14 Publicly-Listed Entertainment Companies 1.51x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.87x
DB:MJG1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SET:MAJOR Share Price ÷ Book Value per Share (both in THB)

= 27.5 ÷ 7.28

3.78x

* Primary Listing of Major Cineplex Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Major Cineplex Group is overvalued based on assets compared to the DE Entertainment industry average.
X
Value checks
We assess Major Cineplex Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Entertainment industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Entertainment industry average (and greater than 0)? (1 check)
  5. Major Cineplex Group has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MJG1 Future Performance

 How is Major Cineplex Group expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Major Cineplex Group expected to grow at an attractive rate?
  • Major Cineplex Group's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Major Cineplex Group's earnings growth is positive but not above the Germany market average.
  • Major Cineplex Group's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:MJG1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:MJG1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 6.2%
DB:MJG1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 5.7%
Germany Entertainment Industry Earnings Growth Rate Market Cap Weighted Average 22.9%
Germany Entertainment Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:MJG1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in THB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:MJG1 Future Estimates Data
Date (Data in THB Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 11,879 2,492 1,541 7
2020-12-31 11,065 2,549 1,351 11
2019-12-31 10,561 2,369 1,227 10
DB:MJG1 Past Financials Data
Date (Data in THB Millions) Revenue Cash Flow Net Income *
2018-12-31 9,952 2,767 1,284
2018-09-30 8,859 1,894 1,099
2018-06-30 9,012 2,052 1,196
2018-03-31 8,788 1,841 1,216
2017-12-31 8,972 1,981 1,193
2017-09-30 9,009 2,054 1,204
2017-06-30 8,935 1,889 1,234
2017-03-31 8,943 1,838 1,224
2016-12-31 8,745 1,721 1,188
2016-09-30 8,826 1,761 1,242
2016-06-30 8,888 2,335 1,252
2016-03-31 8,768 2,197 1,198

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Major Cineplex Group's earnings are expected to grow by 6.2% yearly, however this is not considered high growth (20% yearly).
  • Major Cineplex Group's revenue is expected to grow by 5.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:MJG1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Major Cineplex Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MJG1 Future Estimates Data
Date (Data in THB Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.72 2.30 1.41 6.00
2020-12-31 1.51 2.00 1.21 10.00
2019-12-31 1.37 1.60 1.12 10.00
DB:MJG1 Past Financials Data
Date (Data in THB Millions) EPS *
2018-12-31 1.43
2018-09-30 1.23
2018-06-30 1.34
2018-03-31 1.36
2017-12-31 1.33
2017-09-30 1.35
2017-06-30 1.38
2017-03-31 1.37
2016-12-31 1.33
2016-09-30 1.39
2016-06-30 1.40
2016-03-31 1.34

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Major Cineplex Group is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Major Cineplex Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Major Cineplex Group has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MJG1 Past Performance

  How has Major Cineplex Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Major Cineplex Group's growth in the last year to its industry (Entertainment).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Major Cineplex Group's year on year earnings growth rate has been positive over the past 5 years.
  • Major Cineplex Group's 1-year earnings growth exceeds its 5-year average (7.6% vs 4.2%)
  • Major Cineplex Group's earnings growth has exceeded the DE Entertainment industry average in the past year (7.6% vs -6%).
Earnings and Revenue History
Major Cineplex Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Major Cineplex Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MJG1 Past Revenue, Cash Flow and Net Income Data
Date (Data in THB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 9,952.36 1,283.59 2,491.21
2018-09-30 8,859.48 1,099.20 2,281.51
2018-06-30 9,012.42 1,195.56 2,336.32
2018-03-31 8,787.79 1,215.85 2,329.34
2017-12-31 8,971.61 1,193.34 2,362.86
2017-09-30 9,009.19 1,203.72 2,425.31
2017-06-30 8,935.35 1,234.08 2,419.38
2017-03-31 8,943.04 1,223.79 2,450.54
2016-12-31 8,745.37 1,188.22 2,411.78
2016-09-30 8,825.63 1,241.77 2,227.57
2016-06-30 8,888.46 1,251.92 2,156.72
2016-03-31 8,768.09 1,198.33 2,082.52
2015-12-31 8,580.45 1,170.92 2,012.64
2015-09-30 8,728.30 1,239.33 2,051.70
2015-06-30 8,691.42 1,189.76 2,067.56
2015-03-31 8,668.30 1,145.05 2,060.22
2014-12-31 8,622.94 1,086.28 2,063.72
2014-09-30 8,295.08 988.97 1,993.52
2014-06-30 7,898.34 896.68 1,862.57
2014-03-31 7,742.65 890.99 1,825.63
2013-12-31 7,713.11 1,051.63 1,781.28
2013-09-30 7,701.75 1,131.22 1,779.90
2013-06-30 7,671.32 1,121.96 1,757.12
2013-03-31 6,972.14 911.48 1,682.40
2012-12-31 6,965.26 846.02 1,666.89
2012-09-30 6,596.73 737.35 1,568.15
2012-06-30 6,727.06 760.86 1,582.07

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Major Cineplex Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Major Cineplex Group used its assets more efficiently than the DE Entertainment industry average last year based on Return on Assets.
  • Major Cineplex Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Major Cineplex Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Entertainment industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Major Cineplex Group has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MJG1 Health

 How is Major Cineplex Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Major Cineplex Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Major Cineplex Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Major Cineplex Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Major Cineplex Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Major Cineplex Group Company Filings, last reported 3 months ago.

DB:MJG1 Past Debt and Equity Data
Date (Data in THB Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 6,632.48 3,926.31 596.32
2018-09-30 6,371.56 4,786.72 602.54
2018-06-30 6,748.43 4,029.57 648.47
2018-03-31 6,741.80 4,368.62 606.56
2017-12-31 6,498.76 4,739.74 573.03
2017-09-30 6,492.58 4,979.24 804.51
2017-06-30 6,896.00 4,541.61 670.68
2017-03-31 6,975.74 5,058.96 631.76
2016-12-31 6,717.74 5,257.46 530.87
2016-09-30 6,715.59 5,212.29 551.17
2016-06-30 6,937.56 4,398.97 464.25
2016-03-31 6,796.92 4,822.56 618.05
2015-12-31 6,648.32 4,676.18 312.06
2015-09-30 6,532.78 4,684.82 401.75
2015-06-30 6,581.72 4,364.79 631.12
2015-03-31 6,562.42 4,299.69 472.42
2014-12-31 6,386.78 4,563.23 577.25
2014-09-30 6,202.99 4,576.72 362.11
2014-06-30 6,288.22 4,281.38 541.47
2014-03-31 6,071.27 4,383.70 311.46
2013-12-31 6,099.33 4,819.64 495.68
2013-09-30 5,890.67 4,357.92 130.64
2013-06-30 6,269.77 3,176.86 324.15
2013-03-31 6,270.12 2,901.26 601.31
2012-12-31 5,961.37 2,851.95 480.73
2012-09-30 6,148.76 2,870.29 290.84
2012-06-30 6,217.48 2,642.75 395.78
  • Major Cineplex Group's level of debt (59.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (78.9% vs 59.2% today).
  • Debt is well covered by operating cash flow (70.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 10.6x coverage).
X
Financial health checks
We assess Major Cineplex Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Major Cineplex Group has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MJG1 Dividends

 What is Major Cineplex Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.91%
Current annual income from Major Cineplex Group dividends. Estimated to be 4.75% next year.
If you bought €2,000 of Major Cineplex Group shares you are expected to receive €98 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Major Cineplex Group's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • Major Cineplex Group's dividend is above the markets top 25% of dividend payers in Germany (3.67%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:MJG1 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
Germany Entertainment Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 1.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:MJG1 Future Dividends Estimate Data
Date (Data in ฿) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.46 7.00
2020-12-31 1.30 10.00
2019-12-31 1.21 10.00
DB:MJG1 Past Annualized Dividends Data
Date (Data in ฿) Dividend per share (annual) Avg. Yield (%)
2019-02-15 1.350 4.983
2018-02-19 1.250 5.030
2018-01-15 1.250 4.259
2017-11-10 1.300 4.380
2017-08-11 1.300 4.188
2017-02-17 1.200 3.613
2016-11-11 1.200 3.788
2016-08-11 1.200 4.015
2016-02-17 1.200 3.879
2015-11-06 1.100 3.593
2015-10-15 1.100 3.535
2015-08-07 1.100 3.417
2015-07-15 1.100 3.511
2015-02-13 1.100 3.422
2014-11-07 1.000 3.743
2014-08-08 1.000 4.363
2014-02-17 1.000 5.348
2013-11-08 1.000 5.771
2013-08-09 1.000 5.303
2013-02-15 0.870 3.977
2012-02-17 0.820 4.444
2011-08-11 1.030 7.395
2011-03-08 0.800 5.436
2010-11-12 0.400 3.169
2010-08-16 0.400 2.987
2010-04-07 0.350 3.698

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Major Cineplex Group has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Major Cineplex Group only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Major Cineplex Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.1x coverage).
X
Income/ dividend checks
We assess Major Cineplex Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Major Cineplex Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Major Cineplex Group has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MJG1 Management

 What is the CEO of Major Cineplex Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Vicha Poolvaraluk
COMPENSATION ฿1,943,835
AGE 55
TENURE AS CEO 24.3 years
CEO Bio

Mr. Vicha Poolvaraluk serves as the Chief Executive Officer for Major Cineplex Group Public Company Limited since 1995 and President, Deputy Chief Corporate Strategy & Investor Relations, Deputy Chief Human Resource, Deputy Chief Bowling Business and Chairman of Executive Committee for Major Cineplex Group Public Company Limited. Mr. Poolvaraluk serves as a Member of Executive Board at Siam Future Development Public Co. Ltd. He has been the Chairman of Executive Board of Major Cineplex Group Public Co. Limited since January 1, 2006. He served as the Chief Executive Officer of Major Cineplex Group Public Company Limited until January 1, 2006. He has been Vice Chairman of M Pictures Entertainment Public Company Limited since February 29, 2008. He has been a Director of Siam Future Development Public Company Limited since 2003. He served as a Director of M V D Company Limited. He serves as a Director at Major Cineplex Group Public Company Limited. He served as a Director of Siam Future Development Public Company Limited. from 2003 to April 22, 2015. He served as a Director for California WOW Xperience Public Company Limited. until January 24, 2011. He served as a Director of California Fitness Center Co. Ltd. since 2003. He holds an MBA in Marketing from United States International University of San Diego USA and a Bachelor Degree in Business Administration and Accounting from Chulalogkom University.

CEO Compensation
  • Vicha's compensation has been consistent with company performance over the past year.
  • Vicha's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Major Cineplex Group management team in years:

4.3
Average Tenure
52.5
Average Age
  • The tenure for the Major Cineplex Group management team is about average.
Management Team

Vicha Poolvaraluk

TITLE
CEO, President
COMPENSATION
฿2M
AGE
55
TENURE
24.3 yrs

Thanakorn Puriwekin

TITLE
Chief Films Officer & Director
COMPENSATION
฿1M
AGE
61
TENURE
24.3 yrs

Paradee Poolvaraluk

TITLE
Executive Director
COMPENSATION
฿1M
AGE
56

Verawat Ongvasith

TITLE
Executive Director
COMPENSATION
฿1M
AGE
47

Thitapat Issarapornpat

TITLE
CFO, Chief Accounting Officer & Company Secretary
AGE
50
TENURE
6.3 yrs

Piyapon Sereeyotin

TITLE
Chief Technology Officer
TENURE
0.3 yrs

Surachedh Assawaruenganun

TITLE
Chief Media Officer
TENURE
0.3 yrs

Narute Jiensnong

TITLE
Chief Marketing Officer
AGE
35
TENURE
0.7 yrs

Apirak Vorachanonth

TITLE
Chief People Officer
AGE
43
TENURE
2.3 yrs

Jinda Wantanahatai

TITLE
Chief Retail Officer
AGE
55
TENURE
11.3 yrs
Board of Directors Tenure

Average tenure and age of the Major Cineplex Group board of directors in years:

17.2
Average Tenure
62
Average Age
  • The average tenure for the Major Cineplex Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Somchainuk Engtrakul

TITLE
Chairman
COMPENSATION
฿2M
AGE
73
TENURE
14.5 yrs

Vicha Poolvaraluk

TITLE
CEO, President
COMPENSATION
฿2M
AGE
55
TENURE
24.3 yrs

Thanakorn Puriwekin

TITLE
Chief Films Officer & Director
COMPENSATION
฿1M
AGE
61
TENURE
24.3 yrs

Paradee Poolvaraluk

TITLE
Executive Director
COMPENSATION
฿1M
AGE
56
TENURE
21.3 yrs

Verawat Ongvasith

TITLE
Executive Director
COMPENSATION
฿1M
AGE
47
TENURE
17.2 yrs

Chai Jroongtanapibarn

TITLE
Independent Director
COMPENSATION
฿1M
AGE
64
TENURE
17.2 yrs

Kraithip Krairiksh

TITLE
Independent Director
COMPENSATION
฿1M
AGE
63
TENURE
3.9 yrs

Vallop Tangtrongjit

TITLE
Independent Director
COMPENSATION
฿1M
AGE
67
TENURE
17.2 yrs

Kriengsak Lohachala

TITLE
Independent Director
COMPENSATION
฿933K
AGE
75
TENURE
9.8 yrs

Wichai Poolvaraluk

TITLE
Director
COMPENSATION
฿933K
AGE
55
TENURE
14 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Major Cineplex Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Major Cineplex Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MJG1 News

Simply Wall St News

MJG1 Company Info

Description

Major Cineplex Group Public Company Limited, together with its subsidiaries, operates as a lifestyle entertainment company primarily in Thailand. The company is involved in cinema, advertising and media, bowling and karaoke, ice skating rink, rental and services, and movie content businesses. Its cinema business operates a network of cineplexes that offer a range of films selection in the multiplex cinema format, as well as restaurants, banks, and other lifestyle shops. The company operates cineplexes under the Major Cineplex, EGV Cinema, Paragon Cineplex, Esplanade Cineplex, Paradise Cineplex, Mega Cineplex, Hatyai Cineplex, Quartier CineArt, Westgate Cineplex, and Cineplex brand names. Its advertising and media services business provides a range of advertising services, including cinema screen advertising, as well as below-the-line media solutions consisting of screen advertising, VDO walls, tri-visions, plasma screens, menu boards, outdoor media, and 4D ads. The company’s bowling and karaoke business operates entertainment bowling venues under the Major Bowl Hit name; bowling venues under the Blu-O Rhythm & Bowl name for higher-end consumer segments in the metro area; karaoke rooms; and Sub-Zero, an ice skate club. Its rental and services business offers retail spaces for rent in the cineplexes. The company’s movie content business produces and distributes films; distributes VCD/DVD, Blu-ray, and film rights; prints and distributes pocket books; and engages in advertising agency, satellite broadcasting, and television programing activities. As of December 31, 2017, it operated 131 cineplexes with 710 screens and 159,914 seats; and 16 bowling locations with 298 lanes, 169 karaoke rooms, and 5 ice skating rinks. Major Cineplex Group Public Company Limited is based in Bangkok, Thailand.

Details
Name: Major Cineplex Group Public Company Limited
MJG1
Exchange: DB
Founded:
฿688,771,228
894,667,502
Website: http://www.majorcineplex.com
Address: Major Cineplex Group Public Company Limited
1839, 1839/1-6 Phaholyothin Road,
Ladyao,
Bangkok,
10900,
Thailand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SET MAJOR Ordinary Shares The Stock Exchange of Thailand TH THB 23. May 2002
DB MJG1 SHS FGN REGIS Deutsche Boerse AG DE EUR 24. May 2002
SET MAJOR-R THB1 (NVDR) The Stock Exchange of Thailand TH THB 24. May 2002
OTCPK MCGR.F SHS FGN REGIS Pink Sheets LLC US USD 24. May 2002
THAMSE MAJOR-F SHS FGN REGIS Bangkok-Alien Market Stock Exchange TH THB 24. May 2002
Number of employees
Current staff
Staff numbers
0
Major Cineplex Group employees.
Industry
Movies and Entertainment
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/25 20:48
End of day share price update: 2019/04/25 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/02/15
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.