72.05 0.95 (1.34%)
NSE Oct 29, 2020 15:31 PM
Volume: 52,866

UFO Moviez India Ltd.    
08 Feb 2017
IDBI Capital
growth was a beat due to higher hardware sales. EBITDA margin of 29.1%, -150bps YoY, was a miss due to one-off costs and higher hardware sales. EPS of Rs4.9, -19.6% YoY, was a slight miss. FY17 advertisement revenue growth guidance of 20% YoY is in-line with our forecast. UFO Moviez now expects Caravan Talkies to achieve cash breakeven in Q1FY18 vs. H2FY17 earlier. We fine-tune our FY17/18E revenue by +2.1%/+2.8% and EPS by +0.5%/2.1%. We maintain that UFO Moviez has significant re-rating opportunity on the back of - 1) healthy earnings growth (we forecast FY16-19E CAGR of 15%), 2) improving RoE (18%+ from FY18E onwards up from 13% in FY16), 3) FCF yield of 7%/9.4% in FY17/18E and 4) net cash B/S....
UFO Moviez India Ltd. is trading below all available SMAs
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