Executive Summary
Nordic Entertainment Group AB (publ) operates as an entertainment provider in Sweden, Norway, Denmark, Finland, the United Kingdom, and internationally. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 40.2% per year for the next 3 years
Snowflake Analysis
Proven track record with adequate balance sheet.
Similar Companies
Share Price & News
How has Nordic Entertainment Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NENT B is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: NENT B's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
18.9%
NENT B
9.3%
SE Media
0.3%
SE Market
1 Year Return
49.6%
NENT B
51.3%
SE Media
16.5%
SE Market
Return vs Industry: NENT B matched the Swedish Media industry which returned 50.3% over the past year.
Return vs Market: NENT B exceeded the Swedish Market which returned 16.7% over the past year.
Shareholder returns
| NENT B | Industry | Market | |
|---|---|---|---|
| 7 Day | 18.9% | 9.3% | 0.3% |
| 30 Day | 23.3% | 11.4% | 4.1% |
| 90 Day | 24.4% | 7.6% | 6.8% |
| 1 Year | 49.6%49.6% | 51.4%51.3% | 18.2%16.5% |
| 3 Year | n/a | 135.2%133.0% | 40.6%25.4% |
| 5 Year | n/a | -24.4%-38.6% | 61.2%30.1% |
Long-Term Price Volatility Vs. Market
How volatile is Nordic Entertainment Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall St
Executive VP Gabriel Catrina Just Bought 8.9% More Shares In Nordic Entertainment Group AB (publ) (STO:NENT B)2 weeks ago | Simply Wall St
Could The Nordic Entertainment Group AB (publ) (STO:NENT B) Ownership Structure Tell Us Something Useful?Valuation
Is Nordic Entertainment Group undervalued compared to its fair value and its price relative to the market?
10.88x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: NENT B (SEK446.4) is trading above our estimate of fair value (SEK211.59)
Significantly Below Fair Value: NENT B is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: NENT B is good value based on its PE Ratio (10.9x) compared to the XE Media industry average (16.1x).
PE vs Market: NENT B is good value based on its PE Ratio (10.9x) compared to the Swedish market (22.9x).
Price to Earnings Growth Ratio
PEG Ratio: NENT B's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: NENT B is overvalued based on its PB Ratio (7.4x) compared to the SE Media industry average (3.6x).
Next Steps
Future Growth
How is Nordic Entertainment Group forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
-40.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NENT B's earnings are forecast to decline over the next 3 years (-40.2% per year).
Earnings vs Market: NENT B's earnings are forecast to decline over the next 3 years (-40.2% per year).
High Growth Earnings: NENT B's earnings are forecast to decline over the next 3 years.
Revenue vs Market: NENT B's revenue (7.3% per year) is forecast to grow faster than the Swedish market (3.3% per year).
High Growth Revenue: NENT B's revenue (7.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NENT B's Return on Equity is forecast to be high in 3 years time (27.4%)
Next Steps
Past Performance
How has Nordic Entertainment Group performed over the past 5 years?
20.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NENT B has a high level of non-cash earnings.
Growing Profit Margin: NENT B's current net profit margins (19.6%) are higher than last year (8.2%).
Past Earnings Growth Analysis
Earnings Trend: NENT B's earnings have grown significantly by 20.3% per year over the past 5 years.
Accelerating Growth: NENT B's earnings growth over the past year (135.8%) exceeds its 5-year average (20.3% per year).
Earnings vs Industry: NENT B earnings growth over the past year (135.8%) exceeded the Media industry -5.7%.
Return on Equity
High ROE: Whilst NENT B's Return on Equity (67.47%) is outstanding, this metric is skewed due to their high level of debt.
Next Steps
Financial Health
How is Nordic Entertainment Group's financial position?
Financial Position Analysis
Short Term Liabilities: NENT B's short term assets (SEK11.8B) exceed its short term liabilities (SEK9.4B).
Long Term Liabilities: NENT B's short term assets (SEK11.8B) exceed its long term liabilities (SEK4.3B).
Debt to Equity History and Analysis
Debt Level: NENT B's debt to equity ratio (129.3%) is considered high.
Reducing Debt: Insufficient data to determine if NENT B's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: NENT B's debt is well covered by operating cash flow (24.8%).
Interest Coverage: NENT B's interest payments on its debt are well covered by EBIT (16.5x coverage).
Balance Sheet
Next Steps
Dividend
What is Nordic Entertainment Group current dividend yield, its reliability and sustainability?
1.42%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate NENT B'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 B'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 B's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if NENT B's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: NENT B is not paying a notable dividend for the Swedish market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of NENT B's dividend in 3 years as they are not forecast to pay a notable one for the Swedish market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.1yrs
Average management tenure
CEO
Anders Jensen (51 yo)
2.58yrs
Tenure
kr22,389,000
Compensation
Mr. Anders Hede Jensen has been Chief Executive Officer and President of Nordic Entertainment Group AB since 2018. He was Executive Vice President of Modern Times Group Mtg AB since May 2015 and was the Ch...
CEO Compensation Analysis
Compensation vs Market: Anders's total compensation ($USD2.61M) is above average for companies of similar size in the Swedish market ($USD1.05M).
Compensation vs Earnings: Insufficient data to compare Anders's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & CEO | 2.58yrs | kr22.39m | 0.047% SEK 14.1m | |
| Executive VP | 2.5yrs | no data | 0.018% SEK 5.4m | |
| Executive VP and Chief Technology & Product Officer | 1.08yrs | no data | 0.0060% SEK 1.8m | |
| Head of Investor Relations | no data | no data | no data | |
| Senior VP & General Counsel | 0.75yr | no data | no data | |
| Head of Public Relations | no data | no data | no data | |
| Senior VP & Head of Corporate Communications | 0.17yr | no data | no data | |
| Executive VP & Chief Marketing Officer | 1.08yrs | no data | 0.00010% SEK 30.1k | |
| Executive VP and Chief People & Culture Officer | no data | no data | 0.0016% SEK 481.0k | |
| Senior VP & Group Head of Viafree | 1.58yrs | no data | no data | |
| Senior VP | no data | no data | no data | |
| Executive VP & Chief Content Officer | no data | no data | 0.0062% SEK 1.9m |
1.1yrs
Average Tenure
40.5yo
Average Age
Experienced Management: NENT B's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chairman | 2.17yrs | kr1.50m | 0.0053% SEK 1.6m | |
| Independent Non-Executive Director | 2.33yrs | kr735.00k | 0.0026% SEK 781.7k | |
| Independent Non-Executive Director | 2.17yrs | kr630.00k | 0.0044% SEK 1.3m | |
| Director | 0.50yr | no data | no data | |
| Independent Non-Executive Director | 2.17yrs | kr630.00k | 0.0078% SEK 2.3m | |
| Independent Non-Executive Director | 2.33yrs | kr620.00k | no data |
2.2yrs
Average Tenure
54yo
Average Age
Experienced Board: NENT B's board of directors are not considered experienced ( 2.2 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: NENT B 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
Nordic Entertainment Group AB (publ)'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Nordic Entertainment Group AB (publ)
- Ticker: NENT B
- Exchange: OM
- Founded: 2017
- Industry: Broadcasting
- Sector: Media
- Market Cap: kr30.065b
- Shares outstanding: 67.35m
- Website: https://www.nentgroup.com
Number of Employees
Location
- Nordic Entertainment Group AB (publ)
- Ringvägen 52
- Stockholm
- Stockholm County
- 118 67
- Sweden
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| NENT B | OM (OMX Nordic Exchange Stockholm) | Yes | Class B Shares | SE | SEK | Mar 2019 |
| NENT A | OM (OMX Nordic Exchange Stockholm) | Class A Shares | SE | SEK | Mar 2019 | |
| NENT.F | OTCPK (Pink Sheets LLC) | Yes | Class B Shares | US | USD | Mar 2019 |
| NEB | DB (Deutsche Boerse AG) | Yes | Class B Shares | DE | EUR | Mar 2019 |
| NENTBS | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Class B Shares | GB | SEK | Mar 2019 |
| NENTAS | BATS-CHIXE (BATS 'Chi-X Europe') | Class A Shares | GB | SEK | Mar 2019 |
Biography
Nordic Entertainment Group AB (publ) operates as an entertainment provider in Sweden, Norway, Denmark, Finland, the United Kingdom, and internationally. It operates through two segments, Broadcasting & Str...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/24 22:02 |
| End of Day Share Price | 2020/11/24 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.