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EMH

eMedia HoldingsJSE:EMH Stock Report

Market Cap

R1.4b

7D

0%

1Y

3.0%

Updated

25 Oct, 2021

Data

Company Financials
EMH fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance3/6
Financial Health5/6
Dividends2/6

EMH Overview

eMedia Holdings Limited, an investment holding company, operates in media sector in South Africa.

Price History & Performance

Summary of all time highs, changes and price drops for eMedia Holdings
Historical stock prices
Current Share PriceR3.45
52 Week HighR2.37
52 Week LowR4.00
Beta-0.14
1 Month Change-0.86%
3 Month Change-1.15%
1 Year Change2.99%
3 Year Change-1.43%
5 Year Change-67.91%
Change since IPO-89.85%

Recent News & Updates

Aug 18
Here's What To Make Of eMedia Holdings' (JSE:EMH) Decelerating Rates Of Return

Here's What To Make Of eMedia Holdings' (JSE:EMH) Decelerating Rates Of Return

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...

Jul 08
We Think eMedia Holdings (JSE:EMH) Is Taking Some Risk With Its Debt

We Think eMedia Holdings (JSE:EMH) Is Taking Some Risk With Its Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

EMHZA MediaZA Market
7D0%3.1%-0.03%
1Y3.0%-6.7%19.0%

Return vs Industry: EMH exceeded the ZA Media industry which returned -6.7% over the past year.

Return vs Market: EMH underperformed the ZA Market which returned 19% over the past year.

Price Volatility

Is EMH's price volatile compared to industry and market?
EMH volatility
EMH Beta-0.14
Industry Beta1.05
Market Beta1

Stable Share Price: EMH is more volatile than 90% of ZA stocks over the past 3 months, typically moving +/- 14% a week.

Volatility Over Time: EMH's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of ZA stocks.

About the Company

FoundedEmployeesCEOWebsite
1957n/aMahomed Khalik Sherrifhttps://www.emediaholdings.co.za

eMedia Holdings Limited, an investment holding company, operates in media sector in South Africa. The company operates e.tv, a free-to-air television channel; eNCA, a 24-hour news channel; OpenView HD, a DTH satellite television platform; Open News, a news channel; and YFM, a radio station that targets the youth audience. It also provides property and facilities services, including television and film studios, live broadcast and post-production facilities, and production office rental services, as well as produces and acquires content to license and sell to third parties.

eMedia Holdings Fundamentals Summary

How do eMedia Holdings's earnings and revenue compare to its market cap?
EMH fundamental statistics
Market CapR1.37b
Earnings (TTM)R102.76m
Revenue (TTM)R2.44b

14.9x

P/E Ratio

0.6x

P/S Ratio


Dividends

4.1%

Current Dividend Yield

60%

Payout Ratio

Valuation

Is eMedia Holdings undervalued compared to its fair value and its price relative to the market?

14.88x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: EMH (ZAR3.45) is trading above our estimate of fair value (ZAR0.67)

Significantly Below Fair Value: EMH is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: EMH is poor value based on its PE Ratio (14.9x) compared to the African Media industry average (14.7x).

PE vs Market: EMH is poor value based on its PE Ratio (14.9x) compared to the ZA market (11.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate EMH's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: EMH's PB Ratio (0.6x) is in line with the XF Media industry average.


Future Growth

How is eMedia Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

14.3%

Forecasted Media industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as eMedia Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has eMedia Holdings performed over the past 5 years?

-35.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EMH has high quality earnings.

Growing Profit Margin: EMH became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: EMH has become profitable over the past 5 years, growing earnings by -35.9% per year.

Accelerating Growth: EMH has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: EMH has become profitable in the last year, making it difficult to compare its past year earnings growth to the Media industry (-17.3%).


Return on Equity

High ROE: EMH's Return on Equity (3.7%) is considered low.


Financial Health

How is eMedia Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: EMH's short term assets (ZAR1.6B) exceed its short term liabilities (ZAR793.6M).

Long Term Liabilities: EMH's short term assets (ZAR1.6B) exceed its long term liabilities (ZAR927.2M).


Debt to Equity History and Analysis

Debt Level: EMH's debt to equity ratio (15.1%) is considered satisfactory.

Reducing Debt: EMH's debt to equity ratio has increased from 11.7% to 15.1% over the past 5 years.

Debt Coverage: EMH's debt is well covered by operating cash flow (36.3%).

Interest Coverage: EMH's interest payments on its debt are well covered by EBIT (18.5x coverage).


Balance Sheet


Dividend

What is eMedia Holdings's current dividend yield, its reliability and sustainability?

4.06%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: EMH's dividend (4.06%) is higher than the bottom 25% of dividend payers in the ZA market (3.14%).

High Dividend: EMH's dividend (4.06%) is low compared to the top 25% of dividend payers in the ZA market (7.52%).


Stability and Growth of Payments

Stable Dividend: EMH has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: EMH's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (60.4%), EMH's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

7.2yrs

Average board tenure


CEO

Mahomed Khalik Sherrif (60 yo)

2.92yrs

Tenure

R10,116,000

Compensation

Mr. Mahomed Khalik I. Sherrif, BA (UHDE), BEd, MBA, CM(SA), has been Executive Director of eMedia Holdings Limited since November 13, 2018 and serves as its Chief Executive Officer since November 30, 2018....


CEO Compensation Analysis

Compensation vs Market: Mahomed Khalik's total compensation ($USD687.70K) is above average for companies of similar size in the ZA market ($USD278.61K).

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


Board Members

Experienced Board: EMH's board of directors are considered experienced (7.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

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


Top Shareholders

Company Information

eMedia Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: eMedia Holdings Limited
  • Ticker: EMH
  • Exchange: JSE
  • Founded: 1957
  • Industry: Broadcasting
  • Sector: Media
  • Market Cap: R1.366b
  • Shares outstanding: 443.11m
  • Website: https://www.emediaholdings.co.za

Location

  • eMedia Holdings Limited
  • 5 Summit Road
  • Dunkeld West
  • Johannesburg
  • Gauteng
  • 2196
  • South Africa

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 21:34
End of Day Share Price2021/10/25 00:00
Earnings2021/03/31
Annual Earnings2021/03/31


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.