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Central European Media Enterprises

Nasdaq:CETV
Snowflake Description

Solid track record with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CETV
Nasdaq
$924M
Market Cap
  1. Home
  2. US
  3. Media
Company description

Central European Media Enterprises Ltd. operates as a media and entertainment company in Bulgaria, the Czech Republic, Romania, the Slovak Republic, and Slovenia. The last earnings update was 23 days ago. More info.


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CETV Share Price and Events
7 Day Returns
-3.2%
NasdaqGS:CETV
1.3%
US Media
0.2%
US Market
1 Year Returns
-3.9%
NasdaqGS:CETV
23%
US Media
2.9%
US Market
CETV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Central European Media Enterprises (CETV) -3.2% -12% -2.1% -3.9% 48.4% 24.2%
US Media 1.3% 1.9% 7.7% 23% 24.2% 27%
US Market 0.2% -1.6% 2.4% 2.9% 36.1% 41%
1 Year Return vs Industry and Market
  • CETV underperformed the Media industry which returned 23% over the past year.
  • CETV underperformed the Market in United States of America which returned 2.9% over the past year.
Price Volatility
CETV
Industry
5yr Volatility vs Market

CETV Value

 Is Central European Media Enterprises undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Central European Media Enterprises to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Central European Media Enterprises.

NasdaqGS:CETV Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:CETV
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Media Unlevered Beta Simply Wall St/ S&P Global 0.82
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.825 (1 + (1- 21%) (77.75%))
1.222
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.22
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.222 * 5.96%)
10.01%

Discounted Cash Flow Calculation for NasdaqGS:CETV using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Central European Media Enterprises is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:CETV DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.01%)
2019 152.55 Analyst x2 138.66
2020 154.50 Analyst x2 127.65
2021 170.95 Analyst x2 128.39
2022 200.30 Analyst x1 136.74
2023 222.50 Analyst x1 138.07
2024 240.69 Est @ 8.17% 135.76
2025 256.43 Est @ 6.54% 131.48
2026 270.28 Est @ 5.4% 125.96
2027 282.70 Est @ 4.6% 119.76
2028 294.12 Est @ 4.04% 113.25
Present value of next 10 years cash flows $1,295.72
NasdaqGS:CETV DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $294.12 × (1 + 2.73%) ÷ (10.01% – 2.73%)
$4,148.16
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $4,148.16 ÷ (1 + 10.01%)10
$1,597.29
NasdaqGS:CETV Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,295.72 + $1,597.29
$2,893.01
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,893.01 / 253.28
$11.42
NasdaqGS:CETV Discount to Share Price
Calculation Result
Value per share (USD) From above. $11.42
Current discount Discount to share price of $3.65
= -1 x ($3.65 - $11.42) / $11.42
68%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Central European Media Enterprises is available for.
Intrinsic value
>50%
Share price is $3.65 vs Future cash flow value of $11.42
Current Discount Checks
For Central European Media Enterprises to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Central European Media Enterprises's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Central European Media Enterprises's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Central European Media Enterprises's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Central European Media Enterprises's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:CETV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.19
NasdaqGS:CETV Share Price ** NasdaqGS (2019-05-23) in USD $3.65
United States of America Media Industry PE Ratio Median Figure of 42 Publicly-Listed Media Companies 17.33x
United States of America Market PE Ratio Median Figure of 3,085 Publicly-Listed Companies 17.79x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Central European Media Enterprises.

NasdaqGS:CETV PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:CETV Share Price ÷ EPS (both in USD)

= 3.65 ÷ 0.19

19.34x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Central European Media Enterprises is overvalued based on earnings compared to the US Media industry average.
  • Central European Media Enterprises is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Central European Media Enterprises's expected growth come at a high price?
Raw Data
NasdaqGS:CETV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.34x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
24.4%per year
United States of America Media Industry PEG Ratio Median Figure of 32 Publicly-Listed Media Companies 1.29x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.54x

*Line of best fit is calculated by linear regression .

NasdaqGS:CETV PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.34x ÷ 24.4%

0.79x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Central European Media Enterprises is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Central European Media Enterprises's assets?
Raw Data
NasdaqGS:CETV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $0.88
NasdaqGS:CETV Share Price * NasdaqGS (2019-05-23) in USD $3.65
United States of America Media Industry PB Ratio Median Figure of 76 Publicly-Listed Media Companies 1.74x
United States of America Market PB Ratio Median Figure of 5,201 Publicly-Listed Companies 1.84x
NasdaqGS:CETV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:CETV Share Price ÷ Book Value per Share (both in USD)

= 3.65 ÷ 0.88

4.16x

* Primary Listing of Central European Media Enterprises.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Central European Media Enterprises is overvalued based on assets compared to the US Media industry average.
X
Value checks
We assess Central European Media Enterprises's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Media industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Media industry average (and greater than 0)? (1 check)
  5. Central European Media Enterprises has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CETV Future Performance

 How is Central European Media Enterprises expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
24.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Central European Media Enterprises expected to grow at an attractive rate?
  • Central European Media Enterprises's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Central European Media Enterprises's earnings growth is expected to exceed the United States of America market average.
  • Central European Media Enterprises's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:CETV Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:CETV Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 24.4%
NasdaqGS:CETV Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 5.1%
United States of America Media Industry Earnings Growth Rate Market Cap Weighted Average 14.9%
United States of America Media Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:CETV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:CETV Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 885 86 2
2022-12-31 844 95 2
2021-12-31 798 141 157 2
2020-12-31 763 144 145 2
2019-12-31 724 147 132 2
NasdaqGS:CETV Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 694 125 49
2018-12-31 704 111 43
2018-09-30 705 97 18
2018-06-30 701 127 23
2018-03-31 688 122 31
2017-12-31 643 94 25
2017-09-30 548 88 29
2017-06-30 536 69 19
2017-03-31 509 47 -136
2016-12-31 583 -77 -193
2016-09-30 552 46 -200
2016-06-30 561 61 -212

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Central European Media Enterprises's earnings are expected to grow significantly at over 20% yearly.
  • Central European Media Enterprises's revenue is expected to grow by 5.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:CETV Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Central European Media Enterprises Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:CETV Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.54 0.70 0.38 2.00
2020-12-31 0.48 0.60 0.36 2.00
2019-12-31 0.47 0.60 0.33 2.00
NasdaqGS:CETV Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.19
2018-12-31 0.19
2018-09-30 0.09
2018-06-30 0.13
2018-03-31 0.20
2017-12-31 0.16
2017-09-30 0.19
2017-06-30 0.12
2017-03-31 -0.89
2016-12-31 -1.28
2016-09-30 -1.34
2016-06-30 -1.44

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Central European Media Enterprises is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Central European Media Enterprises's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Central European Media Enterprises has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

CETV Past Performance

  How has Central European Media Enterprises performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Central European Media Enterprises's growth in the last year to its industry (Media).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Central European Media Enterprises has delivered over 20% year on year earnings growth in the past 5 years.
  • Central European Media Enterprises's 1-year earnings growth exceeds its 5-year average (58.7% vs 50.9%)
  • Central European Media Enterprises's earnings growth has exceeded the US Media industry average in the past year (58.7% vs -27.5%).
Earnings and Revenue History
Central European Media Enterprises's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Central European Media Enterprises Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:CETV Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 693.76 48.53 111.50
2018-12-31 703.91 42.77 115.06
2018-09-30 704.60 18.14 124.37
2018-06-30 700.51 23.26 122.10
2018-03-31 687.85 30.57 121.17
2017-12-31 642.87 25.38 113.45
2017-09-30 548.09 28.78 101.47
2017-06-30 536.18 19.06 98.47
2017-03-31 508.91 -135.55 93.53
2016-12-31 583.01 -193.07 104.78
2016-09-30 551.70 -200.21 96.97
2016-06-30 561.49 -211.92 76.57
2016-03-31 608.71 -89.70 86.56
2015-12-31 496.20 -102.78 89.82
2015-09-30 626.49 -134.02 113.52
2015-06-30 640.24 -163.42 144.06
2015-03-31 666.22 -193.03 157.04
2014-12-31 680.79 -163.03 143.62
2014-09-30 660.52 -250.85 130.94
2014-06-30 660.42 -221.22 134.88
2014-03-31 643.18 -216.84 127.36
2013-12-31 633.13 -280.44 129.29
2013-09-30 690.55 -668.20 142.21
2013-06-30 699.66 -674.83 132.98
2013-03-31 735.31 -630.02 135.34
2012-12-31 706.00 -525.00 124.77
2012-09-30 795.63 -113.88 132.07
2012-06-30 821.01 -163.90 132.24

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Central European Media Enterprises has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Central European Media Enterprises used its assets more efficiently than the US Media industry average last year based on Return on Assets.
  • Central European Media Enterprises has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Central European Media Enterprises's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Media industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Central European Media Enterprises has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

CETV Health

 How is Central European Media Enterprises's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Central European Media Enterprises's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Central European Media Enterprises is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Central European Media Enterprises's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Central European Media Enterprises's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Central European Media Enterprises Company Filings, last reported 1 month ago.

NasdaqGS:CETV Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 491.97 718.77 80.03
2018-12-31 498.69 788.23 62.03
2018-09-30 457.97 793.55 56.00
2018-06-30 373.29 883.89 40.45
2018-03-31 280.73 1,068.53 74.26
2017-12-31 258.82 1,100.15 58.75
2017-09-30 202.78 1,079.90 67.03
2017-06-30 201.12 1,100.70 95.36
2017-03-31 141.52 1,028.21 90.96
2016-12-31 148.37 1,012.54 40.61
2016-09-30 136.17 1,070.43 64.23
2016-06-30 148.45 1,064.10 46.44
2016-03-31 297.79 956.02 98.42
2015-12-31 319.84 918.92 61.68
2015-09-30 339.13 896.72 61.78
2015-06-30 355.33 887.78 38.01
2015-03-31 323.61 857.25 53.29
2014-12-31 501.11 883.24 34.30
2014-09-30 627.37 806.87 72.68
2014-06-30 780.98 827.76 87.82
2014-03-31 601.88 966.60 112.39
2013-12-31 648.89 964.26 102.32
2013-09-30 804.16 948.06 122.88
2013-06-30 825.70 923.47 144.52
2013-03-31 525.32 1,173.15 123.10
2012-12-31 631.27 1,220.79 140.39
2012-09-30 1,114.46 1,312.23 125.66
2012-06-30 1,043.65 1,216.37 124.81
  • Central European Media Enterprises's level of debt (146.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (159.8% vs 146.1% today).
  • Debt is not well covered by operating cash flow (17.5%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.6x coverage).
X
Financial health checks
We assess Central European Media Enterprises's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Central European Media Enterprises has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CETV Dividends

 What is Central European Media Enterprises's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Central European Media Enterprises dividends. Estimated to be 5.79% next year.
If you bought $2,000 of Central European Media Enterprises shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Central European Media Enterprises's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Central European Media Enterprises's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:CETV Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America Media Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2005 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:CETV Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.28 1.00
2022-12-31 0.25 1.00
2021-12-31 0.23 2.00
2020-12-31 0.20 2.00
2019-12-31 0.16 2.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Central European Media Enterprises has not reported any payouts.
  • Unable to verify if Central European Media Enterprises's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Central European Media Enterprises's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Central European Media Enterprises has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).
X
Income/ dividend checks
We assess Central European Media Enterprises's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Central European Media Enterprises afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Central European Media Enterprises has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CETV Management

 What is the CEO of Central European Media Enterprises's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Michael Del Nin
COMPENSATION $4,833,496
AGE 47
TENURE AS CEO 5.7 years
CEO Bio

Mr. Michael Del Nin has been co-Chief Executive Officer of Central European Media Enterprises Ltd since September 2013. From October 2009 to September 15, 2013 he was a member of Central European Media Enterprises Ltd’s Board of Directors. Prior to his appointment as co-Chief Executive Officer of Central European Media Enterprises Ltd, Mr. Del Nin was the Senior Vice President of International and Corporate Strategy at Time Warner Inc. from April 2008 until September 2013, in which capacity he helped drive Time Warner Inc.’s global strategy and business development initiatives, with a particular focus on international operations and investments. From 2006 to 2008, Mr. Del Nin was the Senior Vice President responsible for Mergers and Acquisitions. Prior to joining Time Warner Inc., Mr. Del Nin was Senior Vice President, Business Development, at New Line Cinema. In that role Mr. Del Nin analyzed the economics of the studio’s film and television projects while helping to develop and implement New Line Cinema’s long-term business plan. Prior to joining New Line Cinema, Mr. Del Nin was an investment banker focused on the media industry at Salomon Smith Barney in New York. Mr. Del Nin holds an undergraduate business degree from Bocconi University and a law degree from the University of New South Wales.

CEO Compensation
  • Michael's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.
  • Michael's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Central European Media Enterprises management team in years:

5.7
Average Tenure
50
Average Age
  • The average tenure for the Central European Media Enterprises management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Michael Del Nin

TITLE
Co-Chief Executive Officer
COMPENSATION
$5M
AGE
47
TENURE
5.7 yrs

Christoph Mainusch

TITLE
Co-Chief Executive Officer
COMPENSATION
$5M
AGE
55
TENURE
5.7 yrs

Dave Sturgeon

TITLE
Executive VP
COMPENSATION
$2M
AGE
48
TENURE
5.6 yrs

Daniel Penn

TITLE
Executive VP
COMPENSATION
$3M
AGE
52
TENURE
15.3 yrs

Mark Kobal

TITLE
Head of Investor Relations

Sergey Demyanchuk

TITLE
Head of Television for Studio 1+1
TENURE
10.8 yrs
Board of Directors Tenure

Average tenure and age of the Central European Media Enterprises board of directors in years:

6.5
Average Tenure
56.5
Average Age
  • The tenure for the Central European Media Enterprises board of directors is about average.
Board of Directors

John Billock

TITLE
Non-Executive Chairman of the Board
COMPENSATION
$213K
AGE
68
TENURE
5.1 yrs

Parm Sandhu

TITLE
Director
COMPENSATION
$196K
AGE
50
TENURE
9.7 yrs

Kelli Turner

TITLE
Director
COMPENSATION
$190K
AGE
47
TENURE
8 yrs

Alfred Langer

TITLE
Director
COMPENSATION
$184K
AGE
68
TENURE
19.3 yrs

Gerhard Zeiler

TITLE
Director
AGE
63
TENURE
5.1 yrs

Trey Turner

TITLE
Director
AGE
43
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Central European Media Enterprises's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Central European Media Enterprises has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CETV News

Simply Wall St News

Are Central European Media Enterprises Ltd.'s (NASDAQ:CETV) Interest Costs Too High?

With this debt repayment, the current cash and short-term investment levels stands at US$80m to keep the business going. … Moreover, CETV has generated cash from operations of US$125m in the last twelve months, resulting in an operating cash to total debt ratio of 17%, signalling that CETV’s current level of operating cash is not high enough to cover debt. … Next Steps: Although CETV’s debt level is towards the higher end of the spectrum, its cash flow coverage seems adequate to meet obligations which means its debt is being efficiently utilised.

Simply Wall St -

Should You Be Tempted To Sell Central European Media Enterprises Ltd. (NASDAQ:CETV) Because Of Its P/E Ratio?

We'll apply a basic P/E ratio analysis to Central European Media Enterprises Ltd.'s (NASDAQ:CETV), to help you decide if the stock is worth further research. … Central European Media Enterprises has a P/E ratio of 20.4, based on the last twelve months. … Check out our latest analysis for Central European Media Enterprises?

Simply Wall St -

Why Central European Media Enterprises Ltd. (NASDAQ:CETV) Looks Like A Quality Company

We'll use ROE to examine Central European Media Enterprises Ltd. … Central European Media Enterprises has a ROE of 19%, based on the last twelve months. … See our latest analysis for Central European Media Enterprises?

Simply Wall St -

Our Take On Central European Media Enterprises Ltd.'s (NASDAQ:CETV) CEO Salary

Michael Del Nin has been the CEO of Central European Media Enterprises Ltd. … View our latest analysis for Central European Media Enterprises? … At the time of writing our data says that Central European Media Enterprises Ltd.

Simply Wall St -

Central European Media Enterprises (NASDAQ:CETV) Shareholders Booked A 53% Gain In The Last Three Years

For example, the Central European Media Enterprises Ltd. … During three years of share price growth, Central European Media Enterprises moved from a loss to profitability. … We know that Central European Media Enterprises has improved its bottom line over the last three years, but what does the future have in store

Simply Wall St -

When Should You Buy Central European Media Enterprises Ltd. (NASDAQ:CETV)?

Central European Media Enterprises Ltd. … (NASDAQ:CETV), which is in the media business, and is based in Bermuda,. … Let’s examine Central European Media Enterprises’s valuation and outlook in more detail to determine if there’s still a bargain opportunity

Simply Wall St -

Why You Should Like Central European Media Enterprises Ltd.’s (NASDAQ:CETV) ROCE

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Could Central European Media Enterprises Ltd.'s (NASDAQ:CETV) Investor Composition Influence The Stock Price?

The big shareholder groups in Central European Media Enterprises Ltd. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … With a market capitalization of US$855m, Central European Media Enterprises is a decent size, so it is probably on the radar of institutional investors.

Simply Wall St -

What Does Central European Media Enterprises Ltd.'s (NASDAQ:CETV) P/E Ratio Tell You?

We'll look at Central European Media Enterprises Ltd.'s (NASDAQ:CETV) P/E ratio and reflect on what it tells us about the company's share price. … Central European Media Enterprises has a P/E ratio of 34.49, based on the last twelve months. … See our latest analysis for Central European Media Enterprises?

Simply Wall St -

A Note On Central European Media Enterprises Ltd.'s (NASDAQ:CETV) ROE and Debt To Equity

By way of learning-by-doing, we'll look at ROE to gain a better understanding of Central European Media Enterprises Ltd. … Over the last twelve months Central European Media Enterprises has recorded a ROE of 16%. … See our latest analysis for Central European Media Enterprises?

Simply Wall St -

CETV Company Info

Description

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 31 television channels, including general entertainment and other channels. The company also develops and produces content for television channels; and provides television content through various portals, 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 complement 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. operates as a subsidiary of Warner Media, LLC.

Details
Name: Central European Media Enterprises Ltd.
CETV
Exchange: NasdaqGS
Founded: 1994
$924,471,908
253,279,975
Website: http://www.cme.net
Address: Central European Media Enterprises Ltd.
O'Hara House,
3 Bermudiana Road,
Hamilton,
HM 08,
Bermuda
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS CETV Class A Common Stock Nasdaq Global Select US USD 13. Oct 1994
DB CME Class A Common Stock Deutsche Boerse AG DE EUR 13. Oct 1994
LSE 0K8L Class A Common Stock London Stock Exchange GB CZK 13. Oct 1994
SEP CETV Class A Common Stock The Stock Exchange Prague Co. Ltd. CZ CZK 13. Oct 1994
Number of employees
Current staff
Staff numbers
2,600
Central European Media Enterprises employees.
Industry
Broadcasting
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 23:46
End of day share price update: 2019/05/23 00:00
Last estimates confirmation: 2019/04/29
Last earnings filing: 2019/04/30
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.