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NMG

Nation Media Group NASE:NMG Stock Report

Last Price

KSh16.95

Market Cap

KSh3.2b

7D

-4.5%

1Y

-26.3%

Updated

01 Oct, 2022

Data

Company Financials
NMG fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends2/6

NMG Stock Overview

Nation Media Group PLC, together with its subsidiaries, operates as an independent media house in East and Central Africa.

Nation Media Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Nation Media Group
Historical stock prices
Current Share PriceKSh16.95
52 Week HighKSh24.65
52 Week LowKSh15.40
Beta-0.084
1 Month Change-8.38%
3 Month Change-0.59%
1 Year Change-26.30%
3 Year Change-54.13%
5 Year Change-83.05%
Change since IPO-26.90%

Recent News & Updates

Shareholder Returns

NMGKE MediaKE Market
7D-4.5%-1.4%-4.9%
1Y-26.3%2.7%-29.5%

Return vs Industry: NMG underperformed the KE Media industry which returned 2.7% over the past year.

Return vs Market: NMG exceeded the KE Market which returned -29.5% over the past year.

Price Volatility

Is NMG's price volatile compared to industry and market?
NMG volatility
NMG Average Weekly Movement6.2%
Media Industry Average Movement5.9%
Market Average Movement5.9%
10% most volatile stocks in KE Market9.5%
10% least volatile stocks in KE Market3.2%

Stable Share Price: NMG is not significantly more volatile than the rest of KE stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: NMG's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19591,087Stephen Gitagamahttps://www.nationmedia.com

Nation Media Group PLC, together with its subsidiaries, operates as an independent media house in East and Central Africa. The company operates through Newspapers and Digital, and Broadcasting segments. It is also involved in the publication, printing, and distribution of newspapers and magazines; radio and television broadcasting activities; subscription of e-paper; and provision of digital online products in the East African countries of Kenya, Uganda, Rwanda, and Tanzania.

Nation Media Group Fundamentals Summary

How do Nation Media Group's earnings and revenue compare to its market cap?
NMG fundamental statistics
Market CapKSh3.23b
Earnings (TTM)KSh491.80m
Revenue (TTM)KSh7.61b

6.6x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NMG income statement (TTM)
RevenueKSh7.61b
Cost of RevenueKSh1.21b
Gross ProfitKSh6.40b
Other ExpensesKSh5.91b
EarningsKSh491.80m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)2.58
Gross Margin84.08%
Net Profit Margin6.46%
Debt/Equity Ratio0%

How did NMG perform over the long term?

See historical performance and comparison

Dividends

8.8%

Current Dividend Yield

61%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is NMG 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-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

NMG 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/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Earnings Ratio vs Peers

How does NMG's PE Ratio compare to its peers?

NMG PE Ratio vs Peers
The above table shows the PE ratio for NMG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average60.1x
LKL Longhorn Publishers
132.6xn/aKSh1.1b
2341 Arbeit-Times
37.8xn/aJP¥3.4b
CFN Cofina SGPS
4.7x1.8%€25.8m
GLORY Glory Forever
65.5xn/a฿999.0m
NMG Nation Media Group
6.6xn/aKSh3.2b

Price-To-Earnings vs Peers: NMG is good value based on its Price-To-Earnings Ratio (6.6x) compared to the peer average (60.1x).


Price to Earnings Ratio vs Industry

How does NMG's PE Ratio compare vs other companies in the Global Media Industry?

Price-To-Earnings vs Industry: NMG is good value based on its Price-To-Earnings Ratio (6.6x) compared to the Global Media industry average (12.6x)


Price to Earnings Ratio vs Fair Ratio

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

NMG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.6x
Fair PE Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: NMG (KES16.95) is trading below our estimate of fair value (KES80.01)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Nation Media Group 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


8.9%

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 Nation Media Group 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.


Discover growth companies

  • Examine whether Nation Media Group 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.

Past Performance

How has Nation Media Group performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-32.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: NMG has high quality earnings.

Growing Profit Margin: NMG's current net profit margins (6.5%) are higher than last year (0.7%).


Past Earnings Growth Analysis

Earnings Trend: NMG's earnings have declined by 32.8% per year over the past 5 years.

Accelerating Growth: NMG's earnings growth over the past year (922.5%) exceeds its 5-year average (-32.8% per year).

Earnings vs Industry: NMG earnings growth over the past year (922.5%) exceeded the Media industry 229%.


Return on Equity

High ROE: NMG's Return on Equity (6.1%) is considered low.


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Financial Health

How is Nation Media Group's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: NMG's short term assets (KES8.1B) exceed its short term liabilities (KES4.1B).

Long Term Liabilities: NMG's short term assets (KES8.1B) exceed its long term liabilities (KES457.5M).


Debt to Equity History and Analysis

Debt Level: NMG is debt free.

Reducing Debt: NMG had no debt 5 years ago.

Debt Coverage: NMG has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: NMG has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

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

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


8.85%

Current Dividend Yield

Dividend Yield vs Market

Nation Media Group Dividend Yield vs Market
How does Nation Media Group dividend yield compare to the market?
SegmentDividend Yield
Company (Nation Media Group)8.8%
Market Bottom 25% (KE)5.6%
Market Top 25% (KE)10.0%
Industry Average (Media)5.2%
Analyst forecast in 3 Years (Nation Media Group)n/a

Notable Dividend: NMG's dividend (8.85%) is higher than the bottom 25% of dividend payers in the KE market (5.56%).

High Dividend: NMG's dividend (8.85%) is low compared to the top 25% of dividend payers in the KE market (10.05%).


Stability and Growth of Payments

Stable Dividend: NMG's dividend payments have been volatile in the past 10 years.

Growing Dividend: NMG's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (60.5%), NMG's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Insufficient data to calculate cash payout ratio to determine if its dividend payments are covered by cash flows.


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Management

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

13.3yrs

Average board tenure


CEO

Stephen Gitagama (55 yo)

14.5yrs

Tenure

KSh44,800,000

Compensation

Mr. Stephen Gitagama has been Group Chief Executive Officer and Director at Nation Media Group Limited since March 2008 and served as its Group Finance Director. Mr. Gitagama served as Group Finance Dire...


CEO Compensation Analysis

Stephen Gitagama's Compensation vs Nation Media Group Earnings
How has Stephen Gitagama's remuneration changed compared to Nation Media Group's earnings?
DateTotal Comp.SalaryCompany Earnings
Dec 31 2021KSh45mKSh37m

KSh492m

Sep 30 2021n/an/a

KSh602m

Jun 30 2021n/an/a

KSh713m

Mar 31 2021n/an/a

KSh380m

Dec 31 2020KSh32mKSh30m

KSh48m

Sep 30 2020n/an/a

KSh58m

Jun 30 2020n/an/a

KSh65m

Mar 31 2020n/an/a

KSh457m

Dec 31 2019KSh42mKSh39m

KSh849m

Sep 30 2019n/an/a

KSh918m

Jun 30 2019n/an/a

KSh987m

Mar 31 2019n/an/a

KSh1b

Dec 31 2018KSh40mKSh37m

KSh1b

Sep 30 2018n/an/a

KSh1b

Jun 30 2018n/an/a

KSh1b

Mar 31 2018n/an/a

KSh1b

Dec 31 2017KSh33mKSh31m

KSh1b

Sep 30 2017n/an/a

KSh1b

Jun 30 2017n/an/a

KSh2b

Mar 31 2017n/an/a

KSh2b

Dec 31 2016KSh32mKSh30m

KSh2b

Compensation vs Market: Stephen's total compensation ($USD370.92K) is above average for companies of similar size in the KE market ($USD237.38K).

Compensation vs Earnings: Stephen's compensation has increased by more than 20% in the past year.


Board Members

Experienced Board: NMG's board of directors are seasoned and experienced ( 13.3 years average tenure).


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

What is the ownership structure of NMG?
Owner TypeNumber of SharesOwnership Percentage
Institutions2,741,9261.4%
Individual Insiders6,215,0963.3%
Private Companies22,700,22211.9%
General Public66,019,74234.7%
VC/PE Firms92,618,17748.7%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 9 shareholders own 65.31% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
48.67%
Aga Khan Fund for Economic Development
92,618,177KES1.6b0%2.91%
11.06%
Alpine Investments Limited
21,050,222KES356.8m0%no data
3.25%
John Kimani
6,191,416KES104.9m0%no data
1.31%
Jubilee Insurance Company Limited, Asset Management Arm
2,493,499KES42.3m0%100%
0.87%
Elgantin Properties Ltd
1,650,000KES28.0m0%no data
0.13%
Norges Bank Investment Management
248,427KES4.2m0%no data
0.0088%
Yasmin Jetha
16,692KES282.9k0%no data
0.0029%
Wangethi Mwangi
5,563KES94.3k0%no data
0.00075%
Stephen Gitagama
1,425KES24.2k0%no data

Company Information

Nation Media Group PLC's employee growth, exchange listings and data sources


Key Information

  • Name: Nation Media Group PLC
  • Ticker: NMG
  • Exchange: NASE
  • Founded: 1959
  • Industry: Publishing
  • Sector: Media
  • Implied Market Cap: KSh3.226b
  • Shares outstanding: 190.30m
  • Website: https://www.nationmedia.com

Number of Employees


Location

  • Nation Media Group PLC
  • Nation Centre
  • Kimathi Street
  • Nairobi
  • 100
  • Kenya


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NMGNASE (Nairobi Stock Exchange)YesOrdinary SharesKEKESJan 2000
NMGUGSE (Uganda Stock Exchange)YesOrdinary SharesUGUGXJan 2000

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/01 00:00
End of Day Share Price2022/09/30 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.