Central European Media Enterprises Ltd. operates as a media and entertainment company in Bulgaria, the Czech Republic, Romania, the Slovak Republic, and Slovenia.
Solid track record and good value.
Share Price & News
How has Central European Media Enterprises's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CETV's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: CETV underperformed the US Media industry which returned -14.9% over the past year.
Return vs Market: CETV underperformed the US Market which returned -12.7% over the past year.
Price Volatility Vs. Market
How volatile is Central European Media Enterprises's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 months ago | Simply Wall StThe Central European Media Enterprises (NASDAQ:CETV) Share Price Is Up 91% And Shareholders Are Holding On
5 months ago | Simply Wall StThese 4 Measures Indicate That Central European Media Enterprises (NASDAQ:CETV) Is Using Debt Reasonably Well
5 months ago | Simply Wall StDo Institutions Own Central European Media Enterprises Ltd. (NASDAQ:CETV) Shares?
Is Central European Media Enterprises undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CETV ($3.18) is trading below our estimate of fair value ($9.28)
Significantly Below Fair Value: CETV is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CETV is poor value based on its PE Ratio (10x) compared to the Media industry average (10x).
PE vs Market: CETV is good value based on its PE Ratio (10x) compared to the US market (13x).
Price to Earnings Growth Ratio
PEG Ratio: CETV is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: CETV is overvalued based on its PB Ratio (2.4x) compared to the US Media industry average (0.9x).
How is Central European Media Enterprises forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CETV's forecast earnings growth (27.8% per year) is above the savings rate (1.7%).
Earnings vs Market: CETV's earnings (27.8% per year) are forecast to grow faster than the US market (12.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CETV's revenue (3.5% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: CETV's revenue (3.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CETV's Return on Equity is forecast to be low in 3 years time (18.4%).
How has Central European Media Enterprises performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CETV has high quality earnings.
Growing Profit Margin: CETV's current net profit margins (12.1%) are higher than last year (6.1%).
Past Earnings Growth Analysis
Earnings Trend: CETV has become profitable over the past 5 years, growing earnings by 62.2% per year.
Accelerating Growth: CETV's earnings growth over the past year (96.1%) exceeds its 5-year average (62.2% per year).
Earnings vs Industry: CETV earnings growth over the past year (96.1%) exceeded the Media industry 6%.
Return on Equity
High ROE: CETV's Return on Equity (19.5%) is considered low.
How is Central European Media Enterprises's financial position?
Financial Position Analysis
Short Term Liabilities: CETV's short term assets ($350.0M) exceed its short term liabilities ($156.0M).
Long Term Liabilities: CETV's short term assets ($350.0M) do not cover its long term liabilities ($680.3M).
Debt to Equity History and Analysis
Debt Level: CETV's debt to equity ratio (96.6%) is considered high.
Reducing Debt: CETV's debt to equity ratio has reduced from 176.9% to 96.6% over the past 5 years.
Inventory Level: CETV has a low level of unsold assets or inventory.
Debt Coverage by Assets: CETV's debt is not covered by short term assets (assets are 0.6x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: CETV is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: CETV is profitable, therefore cash runway is not a concern.
What is Central European Media Enterprises's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CETV's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate CETV's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if CETV's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CETV's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CETV's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Michael Del Nin (48yo)
Mr. Michael Del Nin has been Co-Chief Executive Officer of Central European Media Enterprises Ltd since September 16, 2013. From October 2009 to September 16, 2013 he was a member of Central European Media ...
CEO Compensation Analysis
Compensation vs Market: Michael's total compensation ($USD4.83M) is above average for companies of similar size in the US market ($USD3.18M).
Compensation vs Earnings: Michael's compensation has increased by more than 20% in the past year.
|Co-Chief Executive Officer||6.5yrs||US$4.83m||0.38% $3.1m|
|Co-Chief Executive Officer||6.5yrs||US$4.79m||0.38% $3.1m|
|Executive VP||6.42yrs||US$2.47m||0.19% $1.5m|
|Executive VP||16.17yrs||US$2.56m||0.17% $1.3m|
|Head of Investor Relations||no data||no data||no data|
|Head of Television for Studio 1+1||11.58yrs||no data||no data|
Experienced Management: CETV's management team is seasoned and experienced (6.5 years average tenure).
|Independent Director||20.17yrs||US$183.75k||0.077% $624.3k|
|Independent Non-Executive Chairman of the Board||5.92yrs||US$212.50k||0.072% $577.5k|
|Independent Director||8.83yrs||US$190.00k||0.077% $624.9k|
|Independent Director||10.5yrs||US$196.25k||0.12% $997.8k|
|Director||0.50yr||no data||no data|
|Director||1.25yrs||no data||no data|
Experienced Board: CETV's board of directors are considered experienced (7.4 years average tenure).
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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 14.8%.
Central European Media Enterprises Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: Central European Media Enterprises Ltd.
- Ticker: CETV
- Exchange: NasdaqGS
- Founded: 1994
- Industry: Broadcasting
- Sector: Media
- Market Cap: US$806.470m
- Shares outstanding: 253.61m
- Website: https://www.cme.net
Number of Employees
- Central European Media Enterprises Ltd.
- O'Hara House
- 3 Bermudiana Road
- HM 08
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CETV||NasdaqGS (Nasdaq Global Select)||Yes||Class A Common Stock||US||USD||Oct 1994|
|CME||DB (Deutsche Boerse AG)||Yes||Class A Common Stock||DE||EUR||Oct 1994|
|CETV||SEP (The Stock Exchange Prague Co. Ltd.)||Yes||Class A Common Stock||CZ||CZK||Oct 1994|
|0K8L||LSE (London Stock Exchange)||Yes||Class A Common Stock||GB||CZK||Oct 1994|
|CETVK||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Class A Common Stock||GB||CZK||Oct 1994|
Central European Media Enterprises Ltd. operates as a media and entertainment company in Bulgaria, the Czech Republic, Romania, the Slovak Republic, and Slovenia. It broadcasts a total of 30 television channels, including general entertainment and other channels. The company also develops and produces content for television channels; provides television content through various platforms, including Voyo, a subscription video-on-demand service; and advertising supported catch-up services on its Websites, as well as operates a portfolio of digital media products that complements its news programming and other television station-related brands. Central European Media Enterprises Ltd. was founded in 1994 and is based in Hamilton, Bermuda. Central European Media Enterprises Ltd. is a subsidiary of Warner Media, LLC.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/30 01:52|
|End of Day Share Price||2020/03/27 00:00|
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.