MultiChoice Group Limited, through its subsidiaries, operates video-entertainment subscriber platforms in Africa, Europe, and internationally.
MultiChoice Group Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||R120.78|
|52 Week High||R101.59|
|52 Week Low||R145.59|
|1 Month Change||7.68%|
|3 Month Change||4.64%|
|1 Year Change||-0.94%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||13.93%|
Recent News & Updates
Return Trends At MultiChoice Group (JSE:MCG) Aren't Appealing
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
MultiChoice Group (JSE:MCG) Will Pay A Dividend Of R5.65
MultiChoice Group Limited ( JSE:MCG ) will pay a dividend of R5.65 on the 13th of September. The dividend yield will be...
MultiChoice Group (JSE:MCG) Seems To Use Debt Quite Sensibly
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
The Strong Earnings Posted By MultiChoice Group (JSE:MCG) Are A Good Indication Of The Strength Of The Business
Even though MultiChoice Group Limited's ( JSE:MCG ) recent earnings release was robust, the market didn't seem to...
|MCG||ZA Media||ZA Market|
Return vs Industry: MCG underperformed the ZA Media industry which returned 2.3% over the past year.
Return vs Market: MCG underperformed the ZA Market which returned 21.3% over the past year.
Stable Share Price: MCG is not significantly more volatile than the rest of ZA stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: MCG's weekly volatility (5%) has been stable over the past year.
About the Company
MultiChoice Group Limited, through its subsidiaries, operates video-entertainment subscriber platforms in Africa, Europe, and internationally. It operates through South Africa, Rest of Africa, and Technology segments. The company offers digital satellite television, digital terrestrial television, online services, over-the-top, and related video-entertainment services.
MultiChoice Group Fundamentals Summary
|MCG fundamental statistics|
Is MCG overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MCG income statement (TTM)|
|Cost of Revenue||R27.81b|
Last Reported Earnings
Mar 31, 2021
Next Earnings Date
Nov 11, 2021
|Earnings per share (EPS)||5.06|
|Net Profit Margin||4.05%|
How did MCG perform over the long term?See historical performance and comparison
4.7%Current Dividend Yield
Is MultiChoice Group 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: MCG (ZAR120.78) is trading below our estimate of fair value (ZAR293.86)
Significantly Below Fair Value: MCG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MCG is poor value based on its PE Ratio (23.9x) compared to the African Media industry average (14.7x).
PE vs Market: MCG is poor value based on its PE Ratio (23.9x) compared to the ZA market (11.2x).
Price to Earnings Growth Ratio
PEG Ratio: MCG is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: MCG is overvalued based on its PB Ratio (4.1x) compared to the XF Media industry average (0.6x).
How is MultiChoice Group forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MCG's forecast earnings growth (26.5% per year) is above the savings rate (8.8%).
Earnings vs Market: MCG's earnings (26.5% per year) are forecast to grow faster than the ZA market (12.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MCG's revenue (4.3% per year) is forecast to grow slower than the ZA market (6.1% per year).
High Growth Revenue: MCG's revenue (4.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MCG's Return on Equity is forecast to be high in 3 years time (32.1%)
How has MultiChoice Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MCG has high quality earnings.
Growing Profit Margin: MCG's current net profit margins (4.1%) are higher than last year (1%).
Past Earnings Growth Analysis
Earnings Trend: MCG's earnings have grown by 13.7% per year over the past 5 years.
Accelerating Growth: MCG's earnings growth over the past year (326.2%) exceeds its 5-year average (13.7% per year).
Earnings vs Industry: MCG earnings growth over the past year (326.2%) exceeded the Media industry -17.3%.
Return on Equity
High ROE: MCG's Return on Equity (42.9%) is considered outstanding.
How is MultiChoice Group's financial position?
Financial Position Analysis
Short Term Liabilities: MCG's short term assets (ZAR18.9B) exceed its short term liabilities (ZAR18.6B).
Long Term Liabilities: MCG's short term assets (ZAR18.9B) exceed its long term liabilities (ZAR14.3B).
Debt to Equity History and Analysis
Debt Level: MCG's debt to equity ratio (19.9%) is considered satisfactory.
Reducing Debt: MCG had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: MCG's debt is well covered by operating cash flow (471.1%).
Interest Coverage: MCG's interest payments on its debt are well covered by EBIT (14.5x coverage).
What is MultiChoice Group current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MCG's dividend (4.68%) is higher than the bottom 25% of dividend payers in the ZA market (3.07%).
High Dividend: MCG's dividend (4.68%) is low compared to the top 25% of dividend payers in the ZA market (8.09%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, MCG has been paying a dividend for less than 10 years.
Growing Dividend: MCG has only been paying a dividend for 2 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (111.6%), MCG's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MCG's dividends in 3 years are forecast to be covered by earnings (75.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Calvo Mawela (45 yo)
Mr. Calvo Phedi Mawela serves as Chief Executive Officer of Multichoice Group Limited and its Director since December 06, 2018. He was CEO of MultiChoice South Africa at Naspers Limited until 2019. He serv...
CEO Compensation Analysis
Compensation vs Market: Calvo's total compensation ($USD2.38M) is above average for companies of similar size in the ZA market ($USD1.28M).
Compensation vs Earnings: Calvo's compensation has increased by more than 20% in the past year.
Experienced Management: MCG's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Experienced Board: MCG's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
MultiChoice Group Limited's employee growth, exchange listings and data sources
- Name: MultiChoice Group Limited
- Ticker: MCG
- Exchange: JSE
- Founded: 1995
- Industry: Cable and Satellite
- Sector: Media
- Market Cap: R51.556b
- Shares outstanding: 426.86m
- Website: https://www.multichoice.com
Number of Employees
- MultiChoice Group Limited
- 144 Bram Fischer Drive
- South Africa
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/17 17:05|
|End of Day Share Price||2021/10/15 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.