Announcement • Jun 29
Main Event Entertainment Group Limited, Annual General Meeting, Jul 02, 2026 Main Event Entertainment Group Limited, Annual General Meeting, Jul 02, 2026. Location: terra nova hotel, Jamaica Reported Earnings • Jun 13
Second quarter 2026 earnings released: JA$0.15 loss per share (vs JA$0.03 loss in 2Q 2025) Second quarter 2026 results: JA$0.15 loss per share (further deteriorated from JA$0.03 loss in 2Q 2025). Revenue: JA$261.3m (down 15% from 2Q 2025). Net loss: JA$45.5m (loss widened 388% from 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. New Risk • Jun 13
New major risk - Revenue and earnings growth Earnings have declined by 15% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 15% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JA$1.80b market cap, or US$11.4m). Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Tony Lewars was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • May 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: JA$1.41b (US$8.94m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Market cap is less than US$10m (JA$1.41b market cap, or US$8.94m). Announcement • Jan 03
Main Event Entertainment Group Limited to Report Fiscal Year 2024 Results on Jan 06, 2025 Main Event Entertainment Group Limited announced that they will report fiscal year 2024 results on Jan 06, 2025 Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to JA$10.80, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 12x in the Entertainment industry in South America. Total returns to shareholders of 205% over the past three years. Reported Earnings • Sep 15
Third quarter 2024 earnings released: EPS: JA$0.10 (vs JA$0.078 in 3Q 2023) Third quarter 2024 results: EPS: JA$0.10 (up from JA$0.078 in 3Q 2023). Revenue: JA$440.1m (up 2.8% from 3Q 2023). Net income: JA$28.8m (up 23% from 3Q 2023). Profit margin: 6.5% (up from 5.4% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 52% per year whereas the company’s share price has increased by 50% per year. Buy Or Sell Opportunity • Sep 13
Now 22% overvalued The stock has been flat over the last 90 days, currently trading at JA$12.42. The fair value is estimated to be JA$10.16, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Sep 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Jamaican stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (13% average weekly change). Profit margins are more than 30% lower than last year (7.7% net profit margin). Market cap is less than US$100m (JA$3.54b market cap, or US$22.6m). Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JA$11.85, the stock trades at a trailing P/E ratio of 26.3x. Average trailing P/E is 13x in the Entertainment industry in South America. Total returns to shareholders of 185% over the past three years. Buy Or Sell Opportunity • Aug 03
Now 20% overvalued Over the last 90 days, the stock has fallen 9.3% to JA$12.41. The fair value is estimated to be JA$10.31, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Jul 04
Main Event Entertainment Group Limited, Annual General Meeting, Jul 18, 2024 Main Event Entertainment Group Limited, Annual General Meeting, Jul 18, 2024. Location: ac hotel, 38-42 lady musgrave road, kingston 10., Jamaica Reported Earnings • Jun 15
Second quarter 2024 earnings released: EPS: JA$0.07 (vs JA$0.25 in 2Q 2023) Second quarter 2024 results: EPS: JA$0.07 (down from JA$0.25 in 2Q 2023). Revenue: JA$418.6m (down 21% from 2Q 2023). Net income: JA$20.0m (down 73% from 2Q 2023). Profit margin: 4.8% (down from 14% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 14
First quarter 2024 earnings released: EPS: JA$0.33 (vs JA$0.39 in 1Q 2023) First quarter 2024 results: EPS: JA$0.33 (down from JA$0.39 in 1Q 2023). Revenue: JA$567.8m (down 9.4% from 1Q 2023). Net income: JA$100.3m (down 15% from 1Q 2023). Profit margin: 18% (down from 19% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 67% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Mar 13
Now 21% undervalued Over the last 90 days, the stock has risen 1.5% to JA$13.60. The fair value is estimated to be JA$17.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 44% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Mar 01
Main Event Entertainment Group Limited to Report Fiscal Year 2023 Results on Mar 28, 2024 Main Event Entertainment Group Limited announced that they will report fiscal year 2023 results on Mar 28, 2024 Buy Or Sell Opportunity • Feb 22
Now 22% undervalued The stock has been flat over the last 90 days, currently trading at JA$13.55. The fair value is estimated to be JA$17.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 44% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Jan 25
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 21% to JA$17.00. The fair value is estimated to be JA$14.16, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 44% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Jan 18
Main Event Entertainment Group Limited Declares Interim Dividend, Payable on February 15, 2024 Main Event Entertainment Group Limited announced that the Board of Directors at its meeting held on January 16, 2024, approved a resolution to declare an interim dividend of 12 cents ($0.12) per share payable on February 15, 2024, to shareholders on record at the close of business on January 31, 2024. Reported Earnings • Jan 17
Full year 2023 earnings released: EPS: JA$0.69 (vs JA$0.50 in FY 2022) Full year 2023 results: EPS: JA$0.69 (up from JA$0.50 in FY 2022). Revenue: JA$1.92b (up 24% from FY 2022). Net income: JA$207.4m (up 37% from FY 2022). Profit margin: 11% (up from 9.8% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 70% per year, which means it is significantly lagging earnings growth. Announcement • Jan 01
Main Event Entertainment Group Limited to Report Fiscal Year 2023 Results on Jan 15, 2024 Main Event Entertainment Group Limited announced that they will report fiscal year 2023 results on Jan 15, 2024 New Risk • Oct 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Jamaican stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (JA$4.23b market cap, or US$26.9m). Valuation Update With 7 Day Price Move • Oct 05
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JA$15.00, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 17x in the Entertainment industry in South America. Total returns to shareholders of 370% over the past three years. Reported Earnings • Sep 19
Third quarter 2023 earnings released: EPS: JA$0.078 (vs JA$0.41 in 3Q 2022) Third quarter 2023 results: EPS: JA$0.078 (down from JA$0.41 in 3Q 2022). Revenue: JA$428.1m (down 29% from 3Q 2022). Net income: JA$23.3m (down 81% from 3Q 2022). Profit margin: 5.4% (down from 21% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 64% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jul 25
Now 21% undervalued Over the last 90 days, the stock is up 8.0%. The fair value is estimated to be JA$18.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 109%. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JA$17.50, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 14x in the Entertainment industry in South America. Total returns to shareholders of 334% over the past three years. Buying Opportunity • Jun 20
Now 24% undervalued Over the last 90 days, the stock is up 17%. The fair value is estimated to be JA$18.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 109%. Reported Earnings • Jun 16
Second quarter 2023 earnings released: EPS: JA$0.25 (vs JA$0.069 in 2Q 2022) Second quarter 2023 results: EPS: JA$0.25 (up from JA$0.069 in 2Q 2022). Revenue: JA$531.9m (up 83% from 2Q 2022). Net income: JA$74.4m (up 258% from 2Q 2022). Profit margin: 14% (up from 7.2% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 53% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JA$14.50, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 15x in the Entertainment industry in South America. Total returns to shareholders of 226% over the past three years. Reported Earnings • Mar 19
First quarter 2023 earnings released: EPS: JA$0.39 (vs JA$0.14 loss in 1Q 2022) First quarter 2023 results: EPS: JA$0.39 (up from JA$0.14 loss in 1Q 2022). Revenue: JA$627.0m (up 211% from 1Q 2022). Net income: JA$117.9m (up JA$158.6m from 1Q 2022). Profit margin: 19% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JA$13.00, the stock trades at a trailing P/E ratio of 25.8x. Average trailing P/E is 15x in the Entertainment industry in South America. Total returns to shareholders of 213% over the past three years. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JA$10.55, the stock trades at a trailing P/E ratio of 20.9x. Average trailing P/E is 15x in the Entertainment industry in South America. Total returns to shareholders of 82% over the past three years. Reported Earnings • Feb 12
Full year 2022 earnings released: EPS: JA$0.50 (vs JA$0.054 in FY 2021) Full year 2022 results: EPS: JA$0.50 (up from JA$0.054 in FY 2021). Revenue: JA$1.55b (up 104% from FY 2021). Net income: JA$151.2m (up JA$135.1m from FY 2021). Profit margin: 9.8% (up from 2.1% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment deteriorated over the past week After last week's 22% share price decline to JA$7.00, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 15x in the Entertainment industry in South America. Total returns to shareholders of 38% over the past three years. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improved over the past week After last week's 19% share price gain to JA$12.00, the stock trades at a trailing P/E ratio of 32.5x. Average trailing P/E is 14x in the Entertainment industry in South America. Total returns to shareholders of 105% over the past three years. Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improved over the past week After last week's 22% share price gain to JA$10.35, the stock trades at a trailing P/E ratio of 28x. Average trailing P/E is 14x in the Entertainment industry in South America. Total returns to shareholders of 104% over the past three years. Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment deteriorated over the past week After last week's 16% share price decline to JA$7.57, the stock trades at a trailing P/E ratio of 20.5x. Average trailing P/E is 19x in the Entertainment industry in South America. Total returns to shareholders of 40% over the past three years. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment deteriorated over the past week After last week's 22% share price decline to JA$6.59, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 19x in the Entertainment industry in South America. Total returns to shareholders of 17% over the past three years. Reported Earnings • Sep 16
Third quarter 2022 earnings released: EPS: JA$0.41 (vs JA$0.096 in 3Q 2021) Third quarter 2022 results: EPS: JA$0.41 (up from JA$0.096 in 3Q 2021). Revenue: JA$601.5m (up 147% from 3Q 2021). Net income: JA$123.8m (up 332% from 3Q 2021). Profit margin: 21% (up from 12% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment deteriorated over the past week After last week's 18% share price decline to JA$3.90, the stock trades at a trailing P/E ratio of 72.5x. Average trailing P/E is 25x in the Entertainment industry globally. Total loss to shareholders of 32% over the past three years. Reported Earnings • Jan 01
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JA$0.054 (up from JA$0.061 loss in FY 2020). Revenue: JA$758.4m (down 28% from FY 2020). Net income: JA$16.1m (up JA$34.4m from FY 2020). Profit margin: 2.1% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Reported Earnings • Sep 16
Third quarter 2021 earnings released: EPS JA$0.096 (vs JA$0.15 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JA$243.4m (up 307% from 3Q 2020). Net income: JA$28.7m (up JA$74.2m from 3Q 2020). Profit margin: 12% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 14
Second quarter 2021 earnings released: JA$0.092 loss per share (vs JA$0.053 loss in 2Q 2020) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2021 results: Revenue: JA$173.5m (down 40% from 2Q 2020). Net loss: JA$27.6m (loss widened 75% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 17
First quarter 2021 earnings released: EPS JA$0.027 (vs JA$0.23 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: JA$175.8m (down 71% from 1Q 2020). Net income: JA$8.07m (down 89% from 1Q 2020). Profit margin: 4.6% (down from 12% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 12
New 90-day low: JA$2.97 The company is down 9.0% from its price of JA$3.25 on 13 October 2020. The Jamaican market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 25% over the same period. Reported Earnings • Jan 01
Full year 2020 earnings released: JA$0.06 loss per share The company reported a poor full year result with weaker earnings, revenues and control over expenses. Full year 2020 results: Revenue: JA$1.05b (down 42% from FY 2019). Net loss: JA$18.2m (down 119% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Announcement • Nov 12
Main Event Entertainment Group Limited, Annual General Meeting, Nov 30, 2020 Main Event Entertainment Group Limited, Annual General Meeting, Nov 30, 2020, at 19:30 Coordinated Universal Time. Location: 6 Altamont Crescent Kingston 5 Jamaica Agenda: To receive the audited accounts of the company for the year ended 31 October 2019, together with the reports of the Directors and Auditors thereon; to declare the interim dividend paid on March 29, 2019 as final for the year under review; to consider reappointment of directors; to authorise the Board of Directors to fix the remuneration of Directors; to appoint the Auditors and authorise the Board of Directors to fix the remuneration of the Auditors; and to amend the company's Articles of Incorporation. Is New 90 Day High Low • Nov 03
New 90-day low: JA$2.98 The company is down 25% from its price of JA$3.99 on 05 August 2020. The Jamaican market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 3.0% over the same period. Is New 90 Day High Low • Oct 07
New 90-day low: JA$3.30 The company is down 19% from its price of JA$4.08 on 09 July 2020. The Jamaican market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 2.0% over the same period. 
