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NENT

Nordic Entertainment Group OM:NENT A Stock Report

Last Price

kr330.00

Market Cap

kr24.4b

7D

5.8%

1Y

-4.6%

Updated

16 May, 2022

Data

Company Financials +
NENT A fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance0/6
Financial Health4/6
Dividends0/6

NENT A Stock Overview

Nordic Entertainment Group AB (publ) operates as an entertainment provider and streaming company in Sweden, Norway, Denmark, Finland, the United Kingdom, the Netherlands, and internationally.

Nordic Entertainment Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Nordic Entertainment Group
Historical stock prices
Current Share Pricekr330.00
52 Week Highkr530.00
52 Week Lowkr282.00
Beta1.81
1 Month Change-19.31%
3 Month Change-7.82%
1 Year Change-4.62%
3 Year Change37.50%
5 Year Changen/a
Change since IPO35.30%

Recent News & Updates

Shareholder Returns

NENT ASE MediaSE Market
7D5.8%5.3%5.6%
1Y-4.6%-25.7%-11.6%

Return vs Industry: NENT A exceeded the Swedish Media industry which returned -26.8% over the past year.

Return vs Market: NENT A exceeded the Swedish Market which returned -15.8% over the past year.

Price Volatility

Is NENT A's price volatile compared to industry and market?
NENT A volatility
NENT A Average Weekly Movement7.9%
Media Industry Average Movement10.1%
Market Average Movement8.0%
10% most volatile stocks in SE Market12.9%
10% least volatile stocks in SE Market5.1%

Stable Share Price: NENT A is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: NENT A's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20171,480Anders Jensenhttps://www.nentgroup.com

Nordic Entertainment Group AB (publ) operates as an entertainment provider and streaming company in Sweden, Norway, Denmark, Finland, the United Kingdom, the Netherlands, and internationally. It creates, produces, and distributes television shows, commercials, feature films, content, and events for broadcasters, distributors, and other organizations. The company operates Viaplay, an online video streaming service, which offers sports, original scripted and non-scripted content, acquired local and international series and movies, and kids content; Viafree, a video streaming service; and V sport, series & film, a family of premium-TV channels that offers television entertainment.

Nordic Entertainment Group Fundamentals Summary

How do Nordic Entertainment Group's earnings and revenue compare to its market cap?
NENT A fundamental statistics
Market Capkr24.38b
Earnings (TTM)kr693.00m
Revenue (TTM)kr13.00b

35.2x

P/E Ratio

1.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NENT A income statement (TTM)
Revenuekr13.00b
Cost of Revenuekr9.89b
Gross Profitkr3.12b
Other Expenseskr2.42b
Earningskr693.00m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 21, 2022

Earnings per share (EPS)8.89
Gross Margin23.97%
Net Profit Margin5.33%
Debt/Equity Ratio46.8%

How did NENT A perform over the long term?

See historical performance and comparison

Valuation

Is Nordic Entertainment Group undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: NENT A (SEK330) is trading below our estimate of fair value (SEK1491.5)

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


Price To Earnings Ratio

PE vs Industry: NENT A is poor value based on its PE Ratio (35.2x) compared to the Swedish Media industry average (29.1x).

PE vs Market: NENT A is poor value based on its PE Ratio (35.2x) compared to the Swedish market (17.7x).


Price to Earnings Growth Ratio

PEG Ratio: NENT A is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: NENT A's PB Ratio (2.7x) is in line with the SE Media industry average.


Future Growth

How is Nordic Entertainment Group forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


44.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NENT A's forecast earnings growth (44.2% per year) is above the savings rate (0.3%).

Earnings vs Market: NENT A's earnings (44.2% per year) are forecast to grow faster than the Swedish market (9.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: NENT A's revenue (18.1% per year) is forecast to grow faster than the Swedish market (5.6% per year).

High Growth Revenue: NENT A's revenue (18.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NENT A's Return on Equity is forecast to be low in 3 years time (9.5%).


Past Performance

How has Nordic Entertainment Group performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-4.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: NENT A has a large one-off gain of SEK521.0M impacting its March 31 2022 financial results.

Growing Profit Margin: NENT A's current net profit margins (5.3%) are lower than last year (24.8%).


Past Earnings Growth Analysis

Earnings Trend: NENT A's earnings have declined by 4.7% per year over the past 5 years.

Accelerating Growth: NENT A's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: NENT A had negative earnings growth (-75.9%) over the past year, making it difficult to compare to the Media industry average (40.6%).


Return on Equity

High ROE: NENT A's Return on Equity (7.7%) is considered low.


Financial Health

How is Nordic Entertainment Group's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: NENT A's short term assets (SEK15.7B) exceed its short term liabilities (SEK6.8B).

Long Term Liabilities: NENT A's short term assets (SEK15.7B) exceed its long term liabilities (SEK4.2B).


Debt to Equity History and Analysis

Debt Level: NENT A has more cash than its total debt.

Reducing Debt: NENT A's debt to equity ratio has increased from 44.6% to 46.8% over the past 5 years.

Debt Coverage: NENT A's debt is not well covered by operating cash flow (0.2%).

Interest Coverage: NENT A's interest payments on its debt are well covered by EBIT (6.5x coverage).


Balance Sheet


Dividend

What is Nordic Entertainment Group 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


0.77%

Forecast Dividend Yield

Dividend Yield vs Market

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

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

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


Earnings Payout to Shareholders

Earnings Coverage: NENT A is not paying a notable dividend for the Swedish market.


Cash Payout to Shareholders

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


Next Steps

Management

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

2.4yrs

Average management tenure


CEO

Anders Jensen (52 yo)

4.17yrs

Tenure

kr24,577,000

Compensation

Mr. Anders Hede Jensen has been Chief Executive Officer and President of Nordic Entertainment Group AB since March 23, 2018. He was Executive Vice President of Modern Times Group Mtg AB since May 2015 and...


CEO Compensation Analysis

Compensation vs Market: Anders's total compensation ($USD2.44M) is above average for companies of similar size in the Swedish market ($USD1.01M).

Compensation vs Earnings: Anders's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: NENT A's management team is considered experienced (2.4 years average tenure).


Board Members

Experienced Board: NENT A's board of directors are considered experienced (3.7 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

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


Top Shareholders

Company Information

Nordic Entertainment Group AB (publ)'s employee growth, exchange listings and data sources


Key Information

  • Name: Nordic Entertainment Group AB (publ)
  • Ticker: NENT A
  • Exchange: OM
  • Founded: 2017
  • Industry: Broadcasting
  • Sector: Media
  • Implied Market Cap: kr24.378b
  • Shares outstanding: 77.98m
  • Website: https://www.nentgroup.com

Number of Employees


Location

  • Nordic Entertainment Group AB (publ)
  • RingvAegen 52
  • Stockholm
  • Stockholm County
  • 118 67
  • Sweden

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/16 00:00
End of Day Share Price2022/05/16 00:00
Earnings2022/03/31
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.