SKT

SKY Network TelevisionNZSE:SKT Stock Report

Market Cap

NZ$351.1m

7D

-2.0%

1Y

37.7%

Updated

21 Sep, 2021

Data

Company Financials +
SKT fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance3/6
Financial Health5/6
Dividends0/6

SKT Overview

SKY Network Television Limited, an entertainment company, provides sports and entertainment media services and telecommunications services in New Zealand and internationally.

SKY Network Television Competitors

Price History & Performance

Summary of all time highs, changes and price drops for SKY Network Television
Historical stock prices
Current Share PriceNZ$2.01
52 Week HighNZ$1.42
52 Week LowNZ$2.20
Beta1.0
1 Month Change26.42%
3 Month Change17.54%
1 Year Change37.67%
3 Year Change-90.86%
5 Year Change-95.72%
Change since IPO-96.50%

Recent News & Updates

Sep 12
Why SKY Network Television Limited (NZSE:SKT) Could Be Worth Watching

Why SKY Network Television Limited (NZSE:SKT) Could Be Worth Watching

SKY Network Television Limited ( NZSE:SKT ), might not be a large cap stock, but it saw a significant share price rise...

May 23
When Should You Buy SKY Network Television Limited (NZSE:SKT)?

When Should You Buy SKY Network Television Limited (NZSE:SKT)?

SKY Network Television Limited ( NZSE:SKT ), might not be a large cap stock, but it saw significant share price...

May 09
SKY Network Television (NZSE:SKT) Is Investing Its Capital With Increasing Efficiency

SKY Network Television (NZSE:SKT) Is Investing Its Capital With Increasing Efficiency

There are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a...

Shareholder Returns

SKTNZ MediaNZ Market
7D-2.0%-1.9%0.4%
1Y37.7%61.3%11.0%

Return vs Industry: SKT underperformed the NZ Media industry which returned 61.3% over the past year.

Return vs Market: SKT exceeded the NZ Market which returned 11% over the past year.

Price Volatility

Is SKT's price volatile compared to industry and market?
SKT volatility
SKT Beta1
Industry Beta1.3
Market Beta1

Stable Share Price: SKT is more volatile than 75% of NZ stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: SKT's weekly volatility (5%) has been stable over the past year, but is still higher than 75% of NZ stocks.

About the Company

FoundedEmployeesCEOWebsite
2005n/aSophie Moloneyhttps://www.sky.co.nz

SKY Network Television Limited, an entertainment company, provides sports and entertainment media services and telecommunications services in New Zealand and internationally. The company provides commercial music, broadcasting services, entertainment quizzes, and streaming and management services, as well as data analytics services for sports. It offers sport, movies, shows, documentaries, music, news, and kid’s content.

Valuation

Is SKY Network Television undervalued compared to its fair value and its price relative to the market?

34.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SKT (NZ$2.01) is trading below our estimate of fair value (NZ$3.05)

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


Price To Earnings Ratio

PE vs Industry: SKT is good value based on its PE Ratio (7.4x) compared to the Oceanic Media industry average (11.1x).

PE vs Market: SKT is good value based on its PE Ratio (7.4x) compared to the NZ market (22.5x).


Price to Earnings Growth Ratio

PEG Ratio: SKT's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: SKT is good value based on its PB Ratio (0.8x) compared to the XO Media industry average (1.7x).


Future Growth

How is SKY Network Television forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

-10.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SKT's earnings are forecast to decline over the next 3 years (-10% per year).

Earnings vs Market: SKT's earnings are forecast to decline over the next 3 years (-10% per year).

High Growth Earnings: SKT's earnings are forecast to decline over the next 3 years.

Revenue vs Market: SKT's revenue (0.1% per year) is forecast to grow slower than the NZ market (4.9% per year).

High Growth Revenue: SKT's revenue (0.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SKT's Return on Equity is forecast to be low in 3 years time (7.4%).


Past Performance

How has SKY Network Television performed over the past 5 years?

-36.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SKT has high quality earnings.

Growing Profit Margin: SKT became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: SKT has become profitable over the past 5 years, growing earnings by -36.3% per year.

Accelerating Growth: SKT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: SKT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Media industry (28.6%).


Return on Equity

High ROE: SKT's Return on Equity (11.2%) is considered low.


Financial Health

How is SKY Network Television's financial position?


Financial Position Analysis

Short Term Liabilities: SKT's short term assets (NZ$218.4M) do not cover its short term liabilities (NZ$238.9M).

Long Term Liabilities: SKT's short term assets (NZ$218.4M) exceed its long term liabilities (NZ$39.3M).


Debt to Equity History and Analysis

Debt Level: SKT's debt to equity ratio (0.5%) is considered satisfactory.

Reducing Debt: SKT's debt to equity ratio has reduced from 26% to 0.5% over the past 5 years.

Debt Coverage: SKT's debt is well covered by operating cash flow (4935.9%).

Interest Coverage: SKT's interest payments on its debt are well covered by EBIT (6.6x coverage).


Balance Sheet


Dividend

What is SKY Network Television current dividend yield, its reliability and sustainability?

3.00%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: SKT is not paying a notable dividend for the NZ market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SKT's dividend in 3 years as they are not forecast to pay a notable one for the NZ market.


Next Steps

Management

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

0.7yrs

Average management tenure


CEO

Sophie Moloney

0.75

Tenure

NZ$1,168,416

Compensation

Ms. Sophie Moloney serves as the Chief Executive Officer at SKY Network Television Limited since December 01, 2020. She served as the Chief Commercial Officer at SKY Network Television Limited since 2020 u...


CEO Compensation Analysis

Compensation vs Market: Sophie's total compensation ($USD822.13K) is above average for companies of similar size in the NZ market ($USD540.12K).

Compensation vs Earnings: Insufficient data to compare Sophie's compensation with company performance.


Leadership Team

Experienced Management: SKT's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.


Board Members

Experienced Board: SKT's board of directors are not considered experienced ( 2 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: SKT insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

SKY Network Television Limited's employee growth, exchange listings and data sources


Key Information

  • Name: SKY Network Television Limited
  • Ticker: SKT
  • Exchange: NZSE
  • Founded: 2005
  • Industry: Cable and Satellite
  • Sector: Media
  • Market Cap: NZ$351.124m
  • Shares outstanding: 174.69m
  • Website: https://www.sky.co.nz

Location

  • SKY Network Television Limited
  • 10 Panorama Road
  • Mt Wellington
  • Auckland
  • 1060
  • New Zealand

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/21 15:28
End of Day Share Price2021/09/21 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.