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Vision Cinemas

BSE:526441
Snowflake Description

Adequate balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
526441
BSE
₹103M
Market Cap
  1. Home
  2. IN
  3. Media
Company description

Vision Cinemas Limited, together with its subsidiaries, engages in the operation of multiplex in India. The last earnings update was 79 days ago. More info.


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  • Vision Cinemas has significant price volatility in the past 3 months.
526441 Share Price and Events
Price Volatility
526441
Industry
5yr Volatility vs Market

526441 Value

 Is Vision Cinemas 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
  • It is not possible to calculate the future cash flow value for Vision Cinemas. This is due to cash flow or dividend data being unavailable. The share price is ₹1.39.
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 Vision Cinemas's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Vision Cinemas's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:526441 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in INR ₹-0.13
BSE:526441 Share Price ** BSE (2018-09-19) in INR ₹1.39
India Media Industry PE Ratio Median Figure of 55 Publicly-Listed Media Companies 22.01x
India Market PE Ratio Median Figure of 2,677 Publicly-Listed Companies 19.71x

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

** Primary Listing of Vision Cinemas.

BSE:526441 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:526441 Share Price ÷ EPS (both in INR)

= 1.39 ÷ -0.13

-11.06x

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

  • Vision Cinemas is loss making, we can't compare its value to the IN Media industry average.
  • Vision Cinemas is loss making, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does Vision Cinemas's expected growth come at a high price?
Raw Data
BSE:526441 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -11.06x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
48.2%per year
India Media Industry PEG Ratio Median Figure of 20 Publicly-Listed Media Companies 0.9x
India Market PEG Ratio Median Figure of 640 Publicly-Listed Companies 1.29x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Vision Cinemas, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Vision Cinemas's assets?
Raw Data
BSE:526441 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in INR ₹1.88
BSE:526441 Share Price * BSE (2018-09-19) in INR ₹1.39
India Media Industry PB Ratio Median Figure of 92 Publicly-Listed Media Companies 1.39x
India Market PB Ratio Median Figure of 3,406 Publicly-Listed Companies 1.35x
BSE:526441 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:526441 Share Price ÷ Book Value per Share (both in INR)

= 1.39 ÷ 1.88

0.74x

* Primary Listing of Vision Cinemas.

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

  • Vision Cinemas is good value based on assets compared to the IN Media industry average.
X
Value checks
We assess Vision Cinemas'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 Media 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 Media industry average (and greater than 0)? (1 check)
  5. Vision Cinemas has a total score of 1/6, 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.

526441 Future Performance

 How is Vision Cinemas expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Vision Cinemas, future earnings growth has been estimated based on fundamentals.
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
48.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Vision Cinemas expected to grow at an attractive rate?
  • Vision Cinemas's earnings growth is expected to exceed the low risk savings rate of 7.7%.
Growth vs Market Checks
  • Vision Cinemas's earnings growth is expected to exceed the India market average.
  • Unable to compare Vision Cinemas's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:526441 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:526441 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 48.2%
India Media Industry Earnings Growth Rate Market Cap Weighted Average 25.2%
India Media Industry Revenue Growth Rate Market Cap Weighted Average 13.4%
India Market Earnings Growth Rate Market Cap Weighted Average 17.7%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*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
BSE:526441 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:526441 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-06-30 1 -7
2018-03-31 2 1 -6
2017-03-31 14 1 -62
2016-03-31 48 2 4
2015-12-31 58 9
2015-09-30 47 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Vision Cinemas's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Vision Cinemas is high growth as no revenue estimate data is available.
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
BSE:526441 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Vision Cinemas Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:526441 Past Financials Data
Date (Data in INR Millions) EPS *
2018-06-30 -0.13
2018-03-31 -0.12
2017-03-31 -1.15
2016-03-31 0.07
2015-12-31
2015-09-30

*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.
  • Unable to establish if Vision Cinemas will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Vision Cinemas'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 India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India 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.
Vision Cinemas 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.

526441 Past Performance

  How has Vision Cinemas 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 Vision Cinemas's growth in the last year to its industry (Media).
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.
  • Vision Cinemas does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Vision Cinemas's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Vision Cinemas's 1-year growth to the IN Media industry average as it is not currently profitable.
Earnings and Revenue History
Vision Cinemas'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 Vision Cinemas Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:526441 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 1.11 -6.72 -0.12
2018-03-31 1.61 -6.50
2017-03-31 14.06 -62.44 0.65
2016-03-31 47.64 3.83 8.20
2015-12-31 58.41 8.74 8.87
2015-09-30 46.68 1.10 8.91
2015-06-30 42.95 1.48 8.87
2015-03-31 39.49 5.49 3.54
2014-06-30 37.77 2.81
2013-06-30 38.87 2.00 8.70
2012-06-30 31.33 7.70 8.06

*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.
  • It is difficult to establish if Vision Cinemas has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Vision Cinemas has efficiently used its assets last year compared to the IN Media industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Vision Cinemas improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Vision Cinemas'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 Media 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.
Vision Cinemas has a total score of 0/6, 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.

526441 Health

 How is Vision Cinemas'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 Vision Cinemas's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Vision Cinemas is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Vision Cinemas's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Vision Cinemas'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 covered by short term assets, assets are 87.5x 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 Vision Cinemas Company Filings, last reported 2 months ago.

BSE:526441 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 101.92 1.05 0.99
2018-03-31 101.92 1.05 0.99
2017-03-31 108.43 1.96 1.11
2016-03-31 170.87 2.36 1.26
2015-12-31 167.03 2.10 1.54
2015-09-30 167.03 2.14 1.52
2015-06-30 167.03 19.58 1.45
2015-03-31 167.03 19.58 1.45
2014-06-30
2013-06-30 160.73 15.77 1.49
2012-06-30 146.42 25.92 1.05
  • Vision Cinemas's level of debt (1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (9.8% vs 1% today).
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.

  • Vision Cinemas has less than a year of cash runway based on current financial obligations.
  • Unable to confirm if Vision Cinemas has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Vision Cinemas'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. Vision Cinemas has a total score of 4/6, 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.

526441 Dividends

 What is Vision Cinemas'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
0%
Current annual income from Vision Cinemas dividends.
If you bought ₹2,000 of Vision Cinemas shares you are expected to receive ₹0 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?
  • Unable to evaluate Vision Cinemas's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Vision Cinemas's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
BSE:526441 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 0 Analyst Estimates (S&P Global) See Below
India Media Industry Average Dividend Yield Market Cap Weighted Average of 26 Stocks 1.3%
India Market Average Dividend Yield Market Cap Weighted Average of 1397 Stocks 1.3%
India Minimum Threshold Dividend Yield 10th Percentile 0.2%
India Bottom 25% Dividend Yield 25th Percentile 0.4%
India Top 25% Dividend Yield 75th Percentile 1.5%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as Vision Cinemas has not reported any payouts.
  • Unable to verify if Vision Cinemas's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Vision Cinemas's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Vision Cinemas has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Vision Cinemas's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.2%) - 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 Vision Cinemas afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Vision Cinemas has a total score of 0/6, see the detailed checks below.


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

526441 Management

 What is the CEO of Vision Cinemas'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
B. Rangavasanth, image provided by Google.
B. Rangavasanth
COMPENSATION ₹0
CEO Bio

Mr. B. RangaVasanth serves as Chairman, Managing Director and Compliance Officer of Vision Cinemas Limited ( formerly: Vision Technology India Ltd). Mr. RangaVasanth is a Chemical Engineer from the prestigious Alagappa Chettiar College of Technology, Madras. He has been trained further at Hollywood, U.S.A. He has set up the first Motion Picture Service Laboratory at Bangalore and has been one of the pioneers in Rural Brand promotion on behalf of Brooke Bond India and other Companies. He has produced and marketed eight major television serials which have been telecast over Doordarshan and the Satellite TV Channels and has produced ten feature films. He has been one of the youngest members of the Executive Committee of the Karnataka Film Chamber of Commerce & had been co-opted as an Executive Committee Member of the Film Federation of India. He is the Managing Director of it. He completed his post-graduate studies in Film Management from the Eastman Kodak Training Institute, United Kingdom as well as from Agfa Gevaert, Belgium.

CEO Compensation
  • Insufficient data for B. to compare compensation growth.
  • B.'s compensation appears reasonable for a company of this size and profit level.
Management Team

B. Rangavasanth

TITLE
Chairman

Anitha Vasanth

TITLE
Whole-Time Director
Board of Directors

B. Rangavasanth

TITLE
Chairman

Anitha Vasanth

TITLE
Whole-Time Director

B. Shamala

TITLE
Non-Executive Director
TENURE
26.3 yrs
Recent Insider Trading
  • No 3 month insider trading information.
Who owns this company?
X
Management checks
We assess Vision Cinemas's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap and profit (greater than 0.5% of the company's profit + 0.03% of 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. Vision Cinemas 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.

526441 News

External News
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Simply Wall St News

526441 Company Info

Map
Description

Vision Cinemas Limited, together with its subsidiaries, engages in the operation of multiplex in India. The company is also involved in the cine and telefilms, video-films, satellite and cable TV, and tape recorder processing; and processing, printing, titling, recording, dubbing, etc. activities. In addition, it produces feature films; and acts as a distributor, hirer, exhibitor, and negative holder for documentary and feature films of all languages. The company was formerly known as Vision Technology India Limited. Vision Cinemas Limited was incorporated in 1992 and is based in Bengaluru, India.

Details
Name: Vision Cinemas Limited
526441
Exchange: BSE
Founded: 1992
₹103,403,040
70,824,000
Website: http://www.visioncinemas.co.in
Address: Vision Cinemas Limited
No. 14, 6th Cross Jayamahal Extension,
1st Floor,
Bengaluru,
Karnataka, 560046,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 526441 Equity Shares Mumbai Stock Exchange IN INR 08. Mar 2010
Number of employees
Current staff
Staff numbers
0
Vision Cinemas employees.
Industry
Movies and Entertainment
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/09/19 11:31
End of day share price update: 2018/09/19 00:00
Last earnings update: 2018/06/30
Last annual earnings update: 2018/03/31


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.