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Midvalley Entertainment

BSE:533310
Snowflake Description

Mediocre balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
533310
BSE
₹68M
Market Cap
  1. Home
  2. IN
  3. Media
Company description

Midvalley Entertainment Limited operates in the entertainment industry in India. The last earnings update was 266 days ago. More info.


Add to Portfolio Compare Print
  • Midvalley Entertainment has significant price volatility in the past 3 months.
533310 Share Price and Events
7 Day Returns
-1.5%
BSE:533310
3.4%
IN Entertainment
3.3%
IN Market
1 Year Returns
-
BSE:533310
-10.6%
IN Entertainment
-0.5%
IN Market
533310 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Midvalley Entertainment (533310) -1.5% -4.9% -29% - - -
IN Entertainment 3.4% -0.9% 5.6% -10.6% 6.4% 30.2%
IN Market 3.3% -1.2% 5.9% -0.5% 34.4% 45.6%
1 Year Return vs Industry and Market
  • No trading data on 533310.
  • No trading data on 533310.
Price Volatility
533310
Industry
5yr Volatility vs Market

Value

 Is Midvalley Entertainment 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 Midvalley Entertainment. This is due to cash flow or dividend data being unavailable. The share price is ₹1.96.
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 Midvalley Entertainment's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Midvalley Entertainment's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:533310 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹-2.34
BSE:533310 Share Price ** BSE (2019-05-24) in INR ₹1.96
India Entertainment Industry PE Ratio Median Figure of 31 Publicly-Listed Entertainment Companies 17.05x
India Market PE Ratio Median Figure of 2,774 Publicly-Listed Companies 15.46x

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

** Primary Listing of Midvalley Entertainment.

BSE:533310 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:533310 Share Price ÷ EPS (both in INR)

= 1.96 ÷ -2.34

-0.84x

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

  • Midvalley Entertainment is loss making, we can't compare its value to the IN Entertainment industry average.
  • Midvalley Entertainment is loss making, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does Midvalley Entertainment's expected growth come at a high price?
Raw Data
BSE:533310 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.84x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Entertainment Industry PEG Ratio Median Figure of 6 Publicly-Listed Entertainment Companies 1.07x
India Market PEG Ratio Median Figure of 557 Publicly-Listed Companies 1.3x

*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 Midvalley Entertainment, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Midvalley Entertainment's assets?
Raw Data
BSE:533310 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹15.90
BSE:533310 Share Price * BSE (2019-05-24) in INR ₹1.96
India Entertainment Industry PB Ratio Median Figure of 61 Publicly-Listed Entertainment Companies 0.54x
India Market PB Ratio Median Figure of 3,642 Publicly-Listed Companies 1.05x
BSE:533310 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:533310 Share Price ÷ Book Value per Share (both in INR)

= 1.96 ÷ 15.90

0.12x

* Primary Listing of Midvalley Entertainment.

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

  • Midvalley Entertainment is good value based on assets compared to the IN Entertainment industry average.
X
Value checks
We assess Midvalley Entertainment'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. Midvalley Entertainment 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.

Future Performance

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

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 Midvalley Entertainment 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
25.4%
Expected Entertainment industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Midvalley Entertainment expected to grow at an attractive rate?
  • Unable to compare Midvalley Entertainment's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Midvalley Entertainment's earnings growth to the India market average as no estimate data is available.
  • Unable to compare Midvalley Entertainment's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:533310 Future Growth Rates Data Sources
Data Point Source Value (per year)
India Entertainment Industry Earnings Growth Rate Market Cap Weighted Average 25.4%
Asia Entertainment Industry Revenue Growth Rate Market Cap Weighted Average 19.9%
India Market Earnings Growth Rate Market Cap Weighted Average 16.9%
India Market Revenue Growth Rate Market Cap Weighted Average 10.1%

*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:533310 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 year 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:533310 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 -3 -80
2017-03-31 -1 -55

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Midvalley Entertainment is high growth as no earnings estimate data is available.
  • Unable to determine if Midvalley Entertainment 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:533310 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Midvalley Entertainment Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:533310 Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 -2.34
2017-03-31 -1.60

*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 Midvalley Entertainment will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of 533310’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Midvalley Entertainment's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Media companies here
  3. Midvalley Entertainment's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Midvalley Entertainment'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 Asia 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.
Midvalley Entertainment has a total score of 0/6, 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.

Past Performance

  How has Midvalley Entertainment performed over the past 5 years?

  • Midvalley Entertainment's last earnings update was 266 days ago.
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 Midvalley Entertainment'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.
  • Midvalley Entertainment does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare Midvalley Entertainment's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Midvalley Entertainment's 1-year growth to the IN Entertainment industry average as it is not currently profitable.
Earnings and Revenue History
Midvalley Entertainment'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 Midvalley Entertainment Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:533310 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 -79.95 24.15
2017-03-31 -54.86 0.77
2014-03-31 0.03 -66.91 3.70
2013-04-30 0.00 -64.44 3.86
2012-05-31 54.08 -202.37 188.26

*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 Midvalley Entertainment has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Midvalley Entertainment has efficiently used its assets last year compared to the IN Entertainment industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Midvalley Entertainment 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 Midvalley Entertainment'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.
Midvalley Entertainment 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.

Health

 How is Midvalley Entertainment'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 Midvalley Entertainment's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Midvalley Entertainment is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Midvalley Entertainment's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Midvalley Entertainment'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 5.5x 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 Midvalley Entertainment Company Filings, last reported 1 year ago.

BSE:533310 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 544.02 11.48 0.07
2017-03-31 623.97 7.77 0.05
2014-03-31 804.30 142.81 0.07
2013-04-30 865.63 142.38 0.12
2012-05-31 924.71 137.78 0.06
  • Midvalley Entertainment's level of debt (2.1%) 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 (16.3% vs 2.1% 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.

  • Midvalley Entertainment has less than a year of cash runway based on current free cash flow.
  • Midvalley Entertainment has less than a year of cash runway if free cash flow continues to grow at historical rates of 108% each year.
X
Financial health checks
We assess Midvalley Entertainment'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. Midvalley Entertainment 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.

Dividends

 What is Midvalley Entertainment'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 Midvalley Entertainment dividends.
If you bought ₹2,000 of Midvalley Entertainment 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 Midvalley Entertainment's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Midvalley Entertainment'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:533310 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 Entertainment Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1408 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 2%

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 Midvalley Entertainment has not reported any payouts.
  • Unable to verify if Midvalley Entertainment's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Midvalley Entertainment's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Midvalley Entertainment 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 Midvalley Entertainment's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - 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 Midvalley Entertainment afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Midvalley Entertainment 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.

Management

 What is the CEO of Midvalley Entertainment'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
Kamal Harakchand
COMPENSATION ₹0
AGE 47
CEO Bio

Mr. Kamal Nayan Harakchand was Chief Executive Officer of Midvalley Entertainment Ltd since July 01, 2011 to Nov 14, 2018. Mr. Kamal has been whole time Director at Midvalley Entertainment Ltd since November 14, 2018. Mr. Nayan has wide experience in media and entertainment industry. He has so far distributed 29 films in Tamil and jointly with other production houses, produced films in Tamil.

CEO Compensation
  • Kamal's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Kamal's remuneration is lower than average for companies of similar size in India.
Management Team

Kamal Harakchand

TITLE
Whole Time Director
AGE
47

M. Pandian

TITLE
Chief Financial Officer
AGE
38

T. Srinivasan

TITLE
Chief Operating Officer
AGE
60
TENURE
5.5 yrs

G. Raghavan

TITLE
Compliance Officer & Company Secretary
TENURE
4.7 yrs

V. Sundar

TITLE
Consultant of Strategic Finance
Board of Directors Tenure

Average tenure and age of the Midvalley Entertainment board of directors in years:

5.2
Average Tenure
47
Average Age
  • The tenure for the Midvalley Entertainment board of directors is about average.
Board of Directors

Kamal Harakchand

TITLE
Whole Time Director
AGE
47
TENURE
7.8 yrs

Ganapathy Lalitha

TITLE
Independent Director
AGE
74
TENURE
5.2 yrs

- Homasamanvitha

TITLE
Independent Director
AGE
19
TENURE
1.3 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 Midvalley Entertainment'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. Midvalley Entertainment 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.

News

Simply Wall St News

Company Info

Description

Midvalley Entertainment Limited operates in the entertainment industry in India. It provides entertainment through television and other visual medium through distribution of rights held for various programs and cinemas. The company develops theatres, Cineplex, multiplexes, and open air and concept theatres. It operates a network of approximately 40 screens in Southern Peninsula. The company also produces and distributes primarily feature films. In addition, it is involved in content and distribution, digital technology, and hospitality activities. The company was formerly known as CEE (I) TV Entertainment Limited and changed its name to Midvalley Entertainment Limited in October 2005. Midvalley Entertainment Limited was incorporated in 1989 and is based in Chennai, India.

Details
Name: Midvalley Entertainment Limited
533310
Exchange: BSE
Founded: 1989
₹68,106,892
34,224,569
Website: http://mvel.co.in
Address: Midvalley Entertainment Limited
No.9A Gee Gee Emerald,
9th Floor,
Chennai,
Tamil Nadu, 600034,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 533310 Equity Shares Mumbai Stock Exchange IN INR 27. Jan 2011
Number of employees
Current staff
Staff numbers
0
Midvalley Entertainment employees.
Industry
Movies and Entertainment
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/24 12:57
End of day share price update: 2019/05/24 00:00
Last earnings filing: 2018/08/31
Last earnings reported: 2018/03/31
Last annual earnings reported: 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.