The 4 reports from 2 analysts offering long term price targets
for Zee Media Corporation Ltd. have an average target of 35.50. The consensus estimate
represents an upside of 139.86%
from the last price of 14.80.
Regional channels reported an EBITDA margin of ~27% in 9MFY19 (above market benchmark and higher than ~25% margin reported by national channels over the same period). ZMCL reported topline growth of 22.7% YoY to Rs1,942.2mn led by strong performance across national & regional channels aided by election tailwind and delayed festivities. In the national bouquet, Zee News witnessed a yield increase of ~3% QoQ while Zee Business' market share during stock market hours increased to 35.5% in 3QFY19. Within the regional bouquet, Zee MPCG...
We, had come out with Idirect Instinct on Zee Media (ZMCL) in September, 2017. As a recent development, the company confirmed that due to expiry of the MoU signed between the company and Big FM for acquisition of radio channels, the deal stands called-off as of now and we exclude the radio valuations from our target price. Nevertheless, we highlight that ZMCL is in a sweet spot after de-merger of loss making print business and sale of online shopping business. Moreover, it remains a quasi-play on elections (both states and national) given its respectable no....
Zee News, flagship channel of ZMCL, is clocking highest average time spent (ATS) by viewers for more than a year. It also achieved number one position for four consecutive weeks during the quarter. Current average effective rate...
Zee Media Corporation Ltd (ZMCL) reported strong set of numbers for 3QFY18 buoyed by elections in the state of Gujarat and Himachal Pradesh. While the standalone topline increased 47.4% YoY, EBITDA ballooned to Rs386 mn (up 101.4%YoY)ascostofnewchannellaunches(Zee24Kalak,ZeeSalaametc)were...
Why do we like ZMCL? ............................................................................................... 4 Investment thesis ....................................................................................................... 6 Earnings to explode after acquisition of the radio business ............................................................. 6 Revenue assumptions for RBNL....................................................................................................... 11 Margin assumptions for RBNL ......................................................................................................... 11 Is BS put to grave risk by the radio acquisition? .............................................................................. 12 Recent policy changes bode well for growth of the radio industry................................................. 13 Entry into radio market complements the existing broadcasting business .................................... 15...
