Zee Media (BSE:532794) - Share price, News & Analysis

Q: What is the Fair Price of 532794 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

532794 (₹13.9) is trading below our estimate of [[fair value]] (₹77.83)

532794 fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

532794 Stock Overview

Zee Media Corporation Limited engages in the broadcasting of satellite television channels in India.

Rewards

Trading at 82.1% below our estimate of its fair value

Risk Analysis

Earnings have declined by 22.3% per year over past 5 years

Volatile share price over the past 3 months

Shareholders have been diluted in the past year

Zee Media Competitors

New Delhi Television

BSE:532529

₹11.4b

T.V. Today Network

BSE:532515

₹15.2b

Entertainment Network (India)

BSE:532700

₹8.5b

Music Broadcast

BSE:540366

₹7.8b

Price History & Performance

Summary of all time highs, changes and price drops for Zee Media
Historical stock prices
Current Share Price	₹13.90
52 Week High	₹25.15
52 Week Low	₹8.60
Beta	0.18
1 Month Change	-12.58%
3 Month Change	-19.89%
1 Year Change	9.11%
3 Year Change	4.59%
5 Year Change	-64.18%
Change since IPO	-59.59%

Shareholder Returns

	532794	IN Media	IN Market
7D	6.5%	3.1%	1.7%
1Y	9.1%	-4.9%	0.1%

Return vs Industry: 532794 exceeded the Indian Media industry which returned -5.1% over the past year.

Return vs Market: 532794 exceeded the Indian Market which returned 0.3% over the past year.

Price Volatility

Is 532794's price volatile compared to industry and market?
532794 volatility
532794 Average Weekly Movement	9.4%
Media Industry Average Movement	6.4%
Market Average Movement	7.0%
10% most volatile stocks in IN Market	9.9%
10% least volatile stocks in IN Market	4.5%

Stable Share Price: 532794 is more volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: 532794's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of Indian stocks.

About the Company

Founded	Employees	CEO	Website
1999	1,893	Sudhir Chaudhary	https://www.zeenews.india.com

Zee Media Corporation Limited engages in the broadcasting of satellite television channels in India. The company also sells television programs and contents; and provides advertisement and subscription services. It serves approximately 190 million viewers through 14 news channels in 8 languages, including 1 global English news channel under the WION name; 3 national news channels comprising Zee News, Zee Hindustan, and Zee Business; 10 regional news channels, such as Zee 24 Taas, Zee Punjab Haryana Himachal, Zee Madhya Pradesh Chattisgarh, Zee Rajasthan, Zee Odisha, Zee Bihar Jharkhand, Zee Salaam, Zee 24 Kalak, and Zee Uttar Pradesh Uttarakhand; and Zee 24 Ghanta.

Zee Media Fundamentals Summary

How do Zee Media's earnings and revenue compare to its market cap?
532794 fundamental statistics
Market Cap	₹8.69b
Earnings (TTM)	-₹1.18b
Revenue (TTM)	₹8.67b

1.0x

P/S Ratio

-7.4x

P/E Ratio

Is 532794 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
532794 income statement (TTM)
Revenue	₹8.67b
Cost of Revenue	₹3.49b
Gross Profit	₹5.17b
Other Expenses	₹6.35b
Earnings	-₹1.18b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-1.88
Gross Margin	59.69%
Net Profit Margin	-13.58%
Debt/Equity Ratio	46.9%

How did 532794 perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

Is 532794 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 532794?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for 532794. This is calculated by dividing 532794's market cap by their current preferred multiple.
What is 532794's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	₹8.69b

532794 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.2x
Enterprise Value/EBITDA	4.2x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 532794's PS Ratio compare to its peers?

532794 PS Ratio vs Peers

The above table shows the PS ratio for 532794 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PS	Estimated Growth	Market Cap
Peer Average	2.9x
532529 New Delhi Television	2.9x	n/a	₹11.4b
532515 T.V. Today Network	1.6x	9.1%	₹15.2b
532700 Entertainment Network (India)	2.6x	25.9%	₹8.5b
540366 Music Broadcast	4.6x	n/a	₹7.8b
532794 Zee Media	1x	n/a	₹8.7b

Forward PS

Price-To-Sales vs Peers: 532794 is good value based on its Price-To-Sales Ratio (1x) compared to the peer average (2.9x).

Price to Earnings Ratio vs Industry

How does 532794's PE Ratio compare vs other companies in the IN Media Industry?

Price-To-Sales vs Industry: 532794 is good value based on its Price-To-Sales Ratio (1x) compared to the Indian Media industry average (1.7x)

Price to Sales Ratio vs Fair Ratio

What is 532794's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

532794 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 532794's Price-To-Sales Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of 532794 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 532794 (₹13.9) is trading below our estimate of fair value (₹77.83)

Significantly Below Fair Value: 532794 is trading below fair value by more than 20%.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 532794's PEG Ratio to determine if it is good value.

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Future Growth

How is Zee Media forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

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

21.1%

Forecasted Media industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Zee Media has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

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Examine whether Zee Media is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
Zee Media competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Zee Media performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

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

-22.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 532794 is currently unprofitable.

Growing Profit Margin: 532794 is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: 532794 is unprofitable, and losses have increased over the past 5 years at a rate of 22.3% per year.

Accelerating Growth: Unable to compare 532794's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 532794 is unprofitable, making it difficult to compare its past year earnings growth to the Media industry (13.3%).

Return on Equity

High ROE: 532794 has a negative Return on Equity (-25.8%), as it is currently unprofitable.

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Financial Health

How is Zee Media's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: 532794's short term assets (₹5.2B) exceed its short term liabilities (₹3.1B).

Long Term Liabilities: 532794's short term assets (₹5.2B) exceed its long term liabilities (₹2.0B).

Debt to Equity History and Analysis

Debt Level: 532794's net debt to equity ratio (39%) is considered satisfactory.

Reducing Debt: 532794's debt to equity ratio has increased from 21.1% to 46.9% 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 532794 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 532794 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 45.1% per year.

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Dividend

What is Zee Media current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

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

Dividend Yield vs Market

Notable Dividend: Unable to evaluate 532794's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 532794'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 532794's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 532794's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: 532794 is not paying a notable dividend for the Indian market.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 532794 has not reported any payouts.

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Management

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

2.1yrs

Average board tenure

CEO

Sudhir Chaudhary (47 yo)

no data

Tenure

₹25,117,809

Compensation

Mr. Sudhir Chaudhary has been Chief Executive Officer and Editor-in-Chief Cluster 1 of Zee Media Corporation Limited since September 20, 2019. He was Chief Executive Officer of Cluster 1 at Zee Media Corpo...

Board Members

Experienced Board: 532794's board of directors are not considered experienced ( 2.1 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.

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 32.8%.

Data	Last Updated (UTC time)
Company Analysis	2022/06/30 00:00
End of Day Share Price	2022/06/30 00:00
Earnings	2022/03/31
Annual Earnings	2022/03/31