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Think Ink Studio

BSE:539310
Snowflake Description

Adequate balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
539310
BSE
₹493M
Market Cap
  1. Home
  2. IN
  3. Media
Company description

Think Ink Studio Limited engages in creative arts and entertainment activities in India and internationally. The last earnings update was 187 days ago. More info.


Add to Portfolio Compare Print
  • Think Ink Studio has significant price volatility in the past 3 months.
539310 Share Price and Events
7 Day Returns
-2.5%
BSE:539310
0.5%
IN Entertainment
-0.1%
IN Market
1 Year Returns
71%
BSE:539310
-14.1%
IN Entertainment
-3.7%
IN Market
539310 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Think Ink Studio (539310) -2.5% -3% -39.3% 71% -18.5% -
IN Entertainment 0.5% -4.4% 8.7% -14.1% 5.2% 31.8%
IN Market -0.1% -5% 5.7% -3.7% 34.5% 38.6%
1 Year Return vs Industry and Market
  • 539310 outperformed the Entertainment industry which returned -14.1% over the past year.
  • 539310 outperformed the Market in India which returned -3.7% over the past year.
Price Volatility
539310
Industry
5yr Volatility vs Market

539310 Value

 Is Think Ink Studio 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 Think Ink Studio. This is due to cash flow or dividend data being unavailable. The share price is ₹3.18.
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 Think Ink Studio's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Think Ink Studio's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:539310 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in INR ₹0.03
BSE:539310 Share Price ** BSE (2019-05-20) in INR ₹3.18
India Entertainment Industry PE Ratio Median Figure of 29 Publicly-Listed Entertainment Companies 16.69x
India Market PE Ratio Median Figure of 2,759 Publicly-Listed Companies 15.1x

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

** Primary Listing of Think Ink Studio.

BSE:539310 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:539310 Share Price ÷ EPS (both in INR)

= 3.18 ÷ 0.03

92.44x

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

  • Think Ink Studio is overvalued based on earnings compared to the IN Entertainment industry average.
  • Think Ink Studio is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Think Ink Studio's expected growth come at a high price?
Raw Data
BSE:539310 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 92.44x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
26.1%per year
Asia Entertainment Industry PEG Ratio Median Figure of 6 Publicly-Listed Entertainment Companies 1.06x
India Market PEG Ratio Median Figure of 558 Publicly-Listed Companies 1.25x

*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 Think Ink Studio, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Think Ink Studio's assets?
Raw Data
BSE:539310 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in INR ₹1.91
BSE:539310 Share Price * BSE (2019-05-20) in INR ₹3.18
India Entertainment Industry PB Ratio Median Figure of 59 Publicly-Listed Entertainment Companies 0.54x
India Market PB Ratio Median Figure of 3,638 Publicly-Listed Companies 1.02x
BSE:539310 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:539310 Share Price ÷ Book Value per Share (both in INR)

= 3.18 ÷ 1.91

1.67x

* Primary Listing of Think Ink Studio.

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

  • Think Ink Studio is overvalued based on assets compared to the IN Entertainment industry average.
X
Value checks
We assess Think Ink Studio'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. Think Ink Studio has a total score of 0/6, 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.

539310 Future Performance

 How is Think Ink Studio expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Think Ink Studio, 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
26.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Think Ink Studio expected to grow at an attractive rate?
  • Think Ink Studio's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Think Ink Studio's earnings growth is expected to exceed the India market average.
  • Unable to compare Think Ink Studio's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:539310 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:539310 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 26.1%
India Entertainment Industry Earnings Growth Rate Market Cap Weighted Average 25.9%
Asia Entertainment Industry Revenue Growth Rate Market Cap Weighted Average 19.8%
India Market Earnings Growth Rate Market Cap Weighted Average 16.9%
India Market Revenue Growth Rate Market Cap Weighted Average 10.4%

*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:539310 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 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:539310 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-09-30 142 9
2018-06-30 233 7
2018-03-31 324 -1 5
2017-12-31 372 4
2017-09-30 412 4
2017-06-30 430 4
2017-03-31 448 -158 4
2016-12-31 461 8
2016-09-30 474 11
2016-06-30 308 7
2016-03-31 142 -5 3
2015-12-31 75 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Think Ink Studio's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Think Ink Studio 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:539310 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Think Ink Studio Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:539310 Past Financials Data
Date (Data in INR Millions) EPS *
2018-09-30
2018-06-30
2018-03-31 0.03
2017-12-31 0.03
2017-09-30 0.02
2017-06-30 0.03
2017-03-31 0.03
2016-12-31 0.05
2016-09-30 0.08
2016-06-30 0.05
2016-03-31 0.03
2015-12-31 0.01

*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 Think Ink Studio will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Think Ink Studio'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.
Think Ink Studio 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.

539310 Past Performance

  How has Think Ink Studio performed over the past 5 years?

  • Think Ink Studio's last earnings update was 187 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 Think Ink Studio'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.
  • Think Ink Studio has delivered over 20% year on year earnings growth in the past 5 years.
  • Think Ink Studio's 1-year earnings growth exceeds its 5-year average (134.7% vs 34.1%)
  • Think Ink Studio's earnings growth has exceeded the IN Entertainment industry average in the past year (134.7% vs 18.9%).
Earnings and Revenue History
Think Ink Studio'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 Think Ink Studio Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:539310 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 141.64 8.57 0.01
2018-06-30 232.91 6.83 0.01
2018-03-31 324.18 5.10 0.01
2017-12-31 371.84 4.38 0.26
2017-09-30 411.90 3.65 0.51
2017-06-30 430.13 4.02 0.51
2017-03-31 448.35 4.39 0.51
2016-12-31 460.95 7.56 0.45
2016-09-30 473.55 10.74 0.39
2016-06-30 307.58 7.08 0.39
2016-03-31 141.60 3.43 0.39
2015-12-31 74.96 1.42 0.36
2015-09-30 8.33 -0.59 4.54
2015-06-30 8.33 1.09 4.54
2015-03-31 8.33 2.77 0.33
2014-03-31 0.75 0.13 0.44
2013-03-31 0.00 0.03

*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.
  • Think Ink Studio has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Think Ink Studio used its assets less efficiently than the IN Entertainment industry average last year based on Return on Assets.
  • Think Ink Studio has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Think Ink Studio'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.
Think Ink Studio 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.

539310 Health

 How is Think Ink Studio'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 Think Ink Studio's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Think Ink Studio is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Think Ink Studio's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Think Ink Studio'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 17.9x 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 Think Ink Studio Company Filings, last reported 7 months ago.

BSE:539310 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 288.81 52.46 0.61
2018-06-30 288.81 52.46 0.61
2018-03-31 282.79 50.00 2.61
2017-12-31 282.79 50.00 2.61
2017-09-30 280.25 50.00 0.87
2017-06-30 280.25 50.00 0.87
2017-03-31 277.69 0.00 6.70
2016-12-31 277.69 0.00 8.39
2016-09-30 276.59 4.60 9.56
2016-06-30 276.59 4.60 9.56
2016-03-31 273.30 1.60 166.39
2015-12-31 273.30 1.60 166.39
2015-09-30 266.24 0.00 0.89
2015-06-30 266.24 0.00 0.89
2015-03-31 111.27 0.00 10.85
2014-03-31 22.14 4.11 0.66
2013-03-31 22.67 0.00 0.46
  • Think Ink Studio's level of debt (18.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (9.2% vs 18.2% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 117x coverage).
X
Financial health checks
We assess Think Ink Studio'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. Think Ink Studio 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.

539310 Dividends

 What is Think Ink Studio'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 Think Ink Studio dividends.
If you bought ₹2,000 of Think Ink Studio 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 Think Ink Studio's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Think Ink Studio'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:539310 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 0.5%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.1%

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 Think Ink Studio has not reported any payouts.
  • Unable to verify if Think Ink Studio's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Think Ink Studio's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Think Ink Studio 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 Think Ink Studio'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 Think Ink Studio afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Think Ink Studio 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.

539310 Management

 What is the CEO of Think Ink Studio'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
Raj Saluja
COMPENSATION ₹694,446
AGE 37
CEO Bio

Mr. Raj Saluja serves as Managing Director and Executive Director of Oyeeee Media Limited.

CEO Compensation
  • Raj's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Raj's remuneration is lower than average for companies of similar size in India.
Management Team

Raj Saluja

TITLE
MD & Executive Director
COMPENSATION
₹694K
AGE
37

Umesh Chejara

TITLE
Chief Financial Officer
COMPENSATION
₹183K
TENURE
2.6 yrs

Namrata Karwa

TITLE
Whole Time Secretary
TENURE
0.1 yrs
Board of Directors

Raj Saluja

TITLE
MD & Executive Director
COMPENSATION
₹694K
AGE
37

Abhishek Awasthi

TITLE
Independent Director
AGE
36

Vividha Kirti

TITLE
Independent Director
AGE
30

Rajesh Sharma

TITLE
Non-Executive Director
COMPENSATION
₹500K
TENURE
2.6 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 Think Ink Studio'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. Think Ink Studio 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.

539310 News

Simply Wall St News

539310 Company Info

Description

Think Ink Studio Limited engages in creative arts and entertainment activities in India and internationally. The company offers film production, script creation, fiction and non-fiction television and web series production, and creative production services. It serves companies and individual clients. The company was formerly known as Oyeeee Media Limited and changed its name to Think Ink Studio Limited in April 2018. Think Ink Studio Limited was founded in 2008 and is based in Mumbai, India.

Details
Name: Think Ink Studio Limited
539310
Exchange: BSE
Founded: 2008
₹493,306,200
148,140,000
Website: http://www.thinkinkstudio.in
Address: Think Ink Studio Limited
Bunglow No. 8/71, Mhada,
SVP Nagar,
Mumbai,
Maharashtra, 400053,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 539310 Equity Shares Mumbai Stock Exchange IN INR 02. Sep 2015
BSE 539310 INR1 Mumbai Stock Exchange IN INR 20. May 2019
Number of employees
Current staff
Staff numbers
11
Think Ink Studio employees.
Industry
Movies and Entertainment
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 13:01
End of day share price update: 2019/05/20 00:00
Last earnings filing: 2018/11/14
Last earnings reported: 2018/09/30
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.