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SKT

SKY Network Television NZSE:SKT Stock Report

Last Price

NZ$2.37

Market Cap

NZ$414.0m

7D

-0.4%

1Y

38.6%

Updated

02 Jul, 2022

Data

Company Financials +
SKT fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends0/6

SKT Stock 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$2.37
52 Week HighNZ$2.93
52 Week LowNZ$1.55
Beta1.19
1 Month Change-12.22%
3 Month Change-18.28%
1 Year Change38.60%
3 Year Change-79.57%
5 Year Change-93.19%
Change since IPO-95.88%

Recent News & Updates

Mar 02
SKY Network Television's (NZSE:SKT) Performance Is Even Better Than Its Earnings Suggest

SKY Network Television's (NZSE:SKT) Performance Is Even Better Than Its Earnings Suggest

When companies post strong earnings, the stock generally performs well, just like SKY Network Television Limited's...

Shareholder Returns

SKTNZ MediaNZ Market
7D-0.4%0.7%-0.2%
1Y38.6%-28.1%-18.5%

Return vs Industry: SKT exceeded the NZ Media industry which returned -28.1% over the past year.

Return vs Market: SKT exceeded the NZ Market which returned -18.5% over the past year.

Price Volatility

Is SKT's price volatile compared to industry and market?
SKT volatility
SKT Average Weekly Movement5.5%
Media Industry Average Movement6.9%
Market Average Movement4.5%
10% most volatile stocks in NZ Market8.3%
10% least volatile stocks in NZ Market3.0%

Stable Share Price: SKT is not significantly more volatile than the rest 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.

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.

SKY Network Television Fundamentals Summary

How do SKY Network Television's earnings and revenue compare to its market cap?
SKT fundamental statistics
Market CapNZ$414.01m
Earnings (TTM)NZ$36.09m
Revenue (TTM)NZ$726.04m

11.5x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SKT income statement (TTM)
RevenueNZ$726.04m
Cost of RevenueNZ$529.80m
Gross ProfitNZ$196.23m
Other ExpensesNZ$160.14m
EarningsNZ$36.09m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Aug 25, 2022

Earnings per share (EPS)0.21
Gross Margin27.03%
Net Profit Margin4.97%
Debt/Equity Ratio0.4%

How did SKT perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is SKT 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

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

SKT 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/Revenue0.5x
Enterprise Value/EBITDA4.6x
PEG Ratio-1.5x

Price to Earnings Ratio vs Peers

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

SKT PE Ratio vs Peers
The above table shows the PE ratio for SKT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9.8x
NZM NZME
7.3x-2.4%NZ$252.9m
6184 Dafeng TV
12.3xn/aNT$7.1b
A037560 LG HelloVision
13.3x13.6%₩398.9b
A053210 KT Skylife
6.3x12.8%₩388.7b
SKT SKY Network Television
11.5x-7.5%NZ$414.0m

Price-To-Earnings vs Peers: SKT is expensive based on its Price-To-Earnings Ratio (11.5x) compared to the peer average (9.8x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: SKT is good value based on its Price-To-Earnings Ratio (11.5x) compared to the Oceanic Media industry average (13.5x)


Price to Earnings Ratio vs Fair Ratio

What is SKT'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.

SKT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.5x
Fair PE Ratio11.5x

Price-To-Earnings vs Fair Ratio: SKT is good value based on its Price-To-Earnings Ratio (11.5x) compared to the estimated Fair Price-To-Earnings Ratio (11.5x).


Share Price vs Fair Value

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

Below Fair Value: SKT (NZ$2.37) is trading below our estimate of fair value (NZ$3.01)

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


Price to Earnings Growth Ratio

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


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Future Growth

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


-7.5%

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 (-7.5% per year).

Earnings vs Market: SKT's earnings are forecast to decline over the next 3 years (-7.5% per year).

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

Revenue vs Market: SKT's revenue (0.3% per year) is forecast to grow slower than the NZ market (6.6% per year).

High Growth Revenue: SKT's revenue (0.3% 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 (8.9%).


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Past Performance

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

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-14.4%

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 -14.4% 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 (24.7%).


Return on Equity

High ROE: SKT's Return on Equity (7.9%) is considered low.


Discover strong past performing companies

Financial Health

How is SKY Network Television'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: SKT's short term assets (NZ$262.9M) exceed its short term liabilities (NZ$207.3M).

Long Term Liabilities: SKT's short term assets (NZ$262.9M) exceed its long term liabilities (NZ$28.8M).


Debt to Equity History and Analysis

Debt Level: SKT has more cash than its total debt.

Reducing Debt: SKT's debt to equity ratio has reduced from 26.4% to 0.4% over the past 5 years.

Debt Coverage: SKT's debt is well covered by operating cash flow (8145.7%).

Interest Coverage: SKT's interest payments on its debt are well covered by EBIT (6.3x coverage).


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


9.03%

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.


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as SKT has not reported any payouts.


Discover strong dividend paying companies

Management

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

0.9yrs

Average management tenure


CEO

Sophie Moloney

1.58yrs

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 ($USD722.40K) is about average for companies of similar size in the NZ market ($USD672.19K).

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 ( 0.9 years average tenure), which suggests a new team.


Board Members

Experienced Board: SKT's board of directors are not considered experienced ( 2.8 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: Insufficient data to determine if 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
  • Implied Market Cap: NZ$414.011m
  • 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 Analysis2022/07/02 00:00
End of Day Share Price2022/07/01 00:00
Earnings2021/12/31
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.