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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
$1B
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 80 days ago. More info.


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CETV Share Price and Events
7 Day Returns
-1.9%
NasdaqGS:CETV
-0.2%
US Media
-0.3%
US Market
1 Year Returns
8.7%
NasdaqGS:CETV
21.9%
US Media
3.9%
US Market
CETV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Central European Media Enterprises (CETV) -1.9% 2.7% 4.4% 8.7% 92.7% 72.4%
US Media -0.2% 3.1% 5.2% 21.9% 25.1% 26.9%
US Market -0.3% 2.3% 2.3% 3.9% 36.7% 41.8%
1 Year Return vs Industry and Market
  • CETV underperformed the Media industry which returned 21.9% over the past year.
  • CETV outperformed the Market in United States of America which returned 3.9% 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 9.4%
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 0.76
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.764 (1 + (1- 21%) (66.93%))
1.113
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.113 * 5.96%)
9.36%

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 (@ 9.36%)
2020 154.50 Analyst x2 141.27
2021 170.95 Analyst x2 142.94
2022 200.30 Analyst x1 153.14
2023 222.50 Analyst x1 155.55
2024 240.69 Est @ 8.17% 153.86
2025 256.43 Est @ 6.54% 149.90
2026 270.28 Est @ 5.4% 144.46
2027 282.70 Est @ 4.6% 138.17
2028 294.12 Est @ 4.04% 131.45
2029 304.84 Est @ 3.65% 124.58
Present value of next 10 years cash flows $1,435.32
NasdaqGS:CETV DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $304.84 × (1 + 2.73%) ÷ (9.36% – 2.73%)
$4,722.45
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $4,722.45 ÷ (1 + 9.36%)10
$1,929.89
NasdaqGS:CETV Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,435.32 + $1,929.89
$3,365.21
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $3,365.21 / 253.28
$13.29
NasdaqGS:CETV Discount to Share Price
Calculation Result
Value per share (USD) From above. $13.29
Current discount Discount to share price of $4.24
= -1 x ($4.24 - $13.29) / $13.29
68.1%

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 $4.24 vs Future cash flow value of $13.29
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 (2019-07-19) in USD $4.24
United States of America Media Industry PE Ratio Median Figure of 42 Publicly-Listed Media Companies 18.34x
United States of America Market PE Ratio Median Figure of 3,083 Publicly-Listed Companies 17.92x

* 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)

= 4.24 ÷ 0.19

22.46x

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 22.46x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
28.5%per year
United States of America Media Industry PEG Ratio Median Figure of 33 Publicly-Listed Media Companies 1.24x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.57x

*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

= 22.46x ÷ 28.5%

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 (2019-07-19) in USD $4.24
United States of America Media Industry PB Ratio Median Figure of 73 Publicly-Listed Media Companies 1.85x
United States of America Market PB Ratio Median Figure of 5,248 Publicly-Listed Companies 1.8x
NasdaqGS:CETV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 4.24 ÷ 0.88

4.83x

* 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
28.5%
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 28.5%
NasdaqGS:CETV Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 5.3%
United States of America Media Industry Earnings Growth Rate Market Cap Weighted Average 14.6%
United States of America Media Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*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 (3 months 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
2019-12-31 705 147 124 1
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 5.3% 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 (3 months 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 3 months 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 3 months 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

*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 3 months ago.

NasdaqGS:CETV Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 491.97 690.88 80.03
2018-12-31 498.69 772.34 62.03
2018-09-30 457.97 780.51 56.00
2018-06-30 373.29 873.51 40.45
2018-03-31 280.73 1,058.37 74.26
2017-12-31 258.82 1,089.95 58.75
2017-09-30 202.78 1,072.12 67.03
2017-06-30 201.12 1,093.20 95.36
2017-03-31 141.52 1,023.85 90.96
2016-12-31 148.37 1,009.11 40.61
2016-09-30 136.17 1,066.94 64.23
2016-06-30 148.45 1,060.82 46.44
2016-03-31 297.79 952.35 98.42
2015-12-31 319.84 915.27 61.68
2015-09-30 339.13 893.06 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
  • Central European Media Enterprises's level of debt (143.6%) 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 143.6% today).
  • Debt is not well covered by operating cash flow (17.8%, 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 4.98% 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 2017 Stocks 2.4%
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
Christoph Mainusch
COMPENSATION $4,789,367
AGE 56
TENURE AS CEO 5.8 years
CEO Bio

Mr. Christoph Mainusch has been the Co-Chief Executive Officer of Central European Media Enterprises Ltd. since September 16, 2013. Mr. Mainusch serves as Chief Executive Officer and Executive Director of The Nova Group. He is Chairman of Supervisory Board at TV Nova s.r.o. He served Chief Executive Officer and serves as Managing Director at TV Nova s.r.o. Mr. Mainusch served as the Chief Executive Officer at Alpha Media A.E. He served as Chief Executive Officer of RTL Televizija of Rtl Group SA from 2004 to 2009. From September 2009 to February 2012, he served as Chief Executive Officer of the Alpha Media Group in Greece, a terrestrial broadcast company majority owned by the RTL Group. He served as President of RTL pomaže djeci at RTL Group SA. He served as an Advisor to the President of Turner Broadcasting International, a wholly-owned subsidiary of Time Warner Inc., where he consulted on various projects from April 2013 to September 2013. From 1996 to 2004, Mr. Mainusch served as Chief Executive Officer of ACS Media GmbH. He started his career as a freelancer for the public broadcaster Bayerischer Rundfunk in 1987, before having roles at Tele 5, Sat 1 and RTL2.

CEO Compensation
  • Christoph's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.
  • Christoph'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:

5.8
Average Tenure
51
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

Christoph Mainusch

TITLE
Co-Chief Executive Officer
COMPENSATION
$5M
AGE
56
TENURE
5.8 yrs

Michael Del Nin

TITLE
Co-Chief Executive Officer
COMPENSATION
$5M
AGE
48
TENURE
5.8 yrs

Dave Sturgeon

TITLE
Executive VP
COMPENSATION
$2M
AGE
49
TENURE
5.8 yrs

Daniel Penn

TITLE
Executive VP
COMPENSATION
$3M
AGE
53
TENURE
15.5 yrs

Mark Kobal

TITLE
Head of Investor Relations

Sergey Demyanchuk

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

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

8.2
Average Tenure
53.5
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
69
TENURE
5.3 yrs

Christoph Mainusch

TITLE
Co-Chief Executive Officer
COMPENSATION
$5M
AGE
56

Parm Sandhu

TITLE
Director
COMPENSATION
$196K
AGE
51
TENURE
9.8 yrs

Kelli Turner

TITLE
Director
COMPENSATION
$190K
AGE
48
TENURE
8.2 yrs

Alfred Langer

TITLE
Director
COMPENSATION
$184K
AGE
69
TENURE
19.5 yrs

Trey Turner

TITLE
Director
AGE
44
TENURE
0.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual 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

We Think Central European Media Enterprises (NASDAQ:CETV) Can Stay On Top Of Its Debt

View our latest analysis for Central European Media Enterprises What Is Central European Media Enterprises's Net Debt? … NasdaqGS:CETV Historical Debt, July 15th 2019 A Look At Central European Media Enterprises's Liabilities The latest balance sheet data shows that Central European Media Enterprises had liabilities of US$171.5m due within a year, and liabilities of US$782.2m falling due after that. … Because it carries more debt than cash, we think it's worth watching Central European Media Enterprises's balance sheet over time.

Simply Wall St -

What Type Of Shareholder Owns Central European Media Enterprises Ltd.'s (NASDAQ:CETV)?

The big shareholder groups in Central European Media Enterprises Ltd. … View our latest analysis for Central European Media Enterprises NasdaqGS:CETV Ownership Summary, June 23rd 2019 What Does The Institutional Ownership Tell Us About Central European Media Enterprises? … Insider Ownership Of Central European Media Enterprises The definition of company insiders can be subjective, and does vary between jurisdictions.

Simply Wall St -

These Fundamentals Make Central European Media Enterprises Ltd. (NASDAQ:CETV) Truly Worth Looking At

Solid track record with reasonable growth potential One reason why investors are attracted to CETV is its earnings growth potential in the near future of 24% underlying the notable 29% return on equity over the next few years leading up to 2022. … Not only did CETV outperformed its past performance, its growth also surpassed the Media industry expansion, which generated a -27% earnings growth. … NasdaqGS:CETV Past and Future Earnings, June 11th 2019 Next Steps: For Central European Media Enterprises, I've put together three essential factors you should look at: Financial Health: Does it have a healthy balance sheet?

Simply Wall St -

What Kind Of Share Price Volatility Should You Expect For Central European Media Enterprises Ltd. (NASDAQ:CETV)?

Given that it has a beta of 1.16, we can surmise that the Central European Media Enterprises share price has been fairly sensitive to market volatility (over the last 5 years). … Beta is worth considering, but it's also important to consider whether Central European Media Enterprises is growing earnings and revenue. … What this means for you: Since Central European Media Enterprises has a reasonably high beta, it's worth considering why it is so heavily influenced by broader market sentiment.

Simply Wall St -

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 -

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
$1,073,907,094
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
SEP CETV Class A Common Stock The Stock Exchange Prague Co. Ltd. CZ CZK 13. Oct 1994
BATS-CHIXE CETVK Class A Common Stock BATS 'Chi-X Europe' GB 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: 2019/07/19 23:49
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/19
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.