Financials PT. Media Nusantara Citra Tbk

Equities

MNCN

ID1000106206

Broadcasting

End-of-day quote INDONESIA S.E. Other stock markets 18:00:00 2024-06-27 EDT			5-day change	1st Jan Change
312 ^IDR	0.00%		-1.27%	-19.17%

04-30	PT. Media Nusantara Citra Tbk Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
04-02	PT. Media Nusantara Citra Tbk Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	20,179,555	15,081,244	11,904,445	9,788,100	5,105,684	4,126,874	-	-
Enterprise Value (EV) ²	24,021	18,095	13,332	9,788	5,110	1,949	-348.5	4,127
P/E ratio	9.06 x	8.26 x	5.01 x	4.76 x	4.94 x	3.63 x	3.28 x	-
Yield	0.92%	0.7%	-	-	-	6.13%	7.23%	-
Capitalization / Revenue	2.42 x	1.9 x	1.24 x	1.08 x	0.66 x	0.49 x	0.42 x	-
EV / Revenue	2.88 x	2.27 x	1.39 x	1.08 x	0.66 x	0.23 x	-0.04 x	-
EV / EBITDA	6.47 x	5.44 x	3.53 x	2.97 x	2.25 x	0.62 x	-0.1 x	-
EV / FCF	20.8 x	22.9 x	6.64 x	5.27 x	11.1 x	2.65 x	-0.35 x	4.95 x
FCF Yield	4.8%	4.37%	15.1%	19%	9.03%	37.7%	-284%	20.2%
Price to Book	2 x	1.02 x	0.7 x	0.51 x	-	-	-	-
Nbr of stocks (in thousands)	12,380,095	13,229,162	13,227,162	13,227,162	13,227,162	13,227,162	-	-
Reference price ³	1,630	1,140	900.0	740.0	386.0	312.0	312.0	312.0
Announcement Date	20-02-07	21-05-31	22-04-13	23-03-24	24-04-02	-	-	-

¹IDR in Million²IDR in Billions³IDR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	8,353	7,956	9,622	9,065	7,783	8,495	9,717	-
EBITDA ¹	3,713	3,327	3,772	3,295	2,276	3,165	3,650	-
EBIT ¹	3,259	2,820	3,438	2,918	1,888	2,116	2,712	-
Operating Margin	39.01%	35.45%	35.73%	32.18%	24.26%	24.91%	27.91%	-
Earnings before Tax (EBT) ¹	2,939	2,340	3,212	2,782	1,320	1,783	2,045	-
Net income ¹	2,233	1,748	2,377	2,056	1,033	1,215	1,423	-
Net margin	26.74%	21.96%	24.71%	22.68%	13.27%	14.31%	14.64%	-
EPS ²	179.8	138.0	179.7	155.5	78.08	86.00	95.00	-
Free Cash Flow ³	1,153,261	790,634	2,008,183	1,856,545	461,395	735,500	991,200	833,000
FCF margin	13,805.95%	9,937.28%	20,871.09%	20,479.89%	5,928.05%	8,657.68%	10,200.98%	-
FCF Conversion (EBITDA)	31,056.64%	23,761.77%	53,233.64%	56,342.02%	20,271.64%	23,242.07%	27,157.17%	-
FCF Conversion (Net income)	51,638.95%	45,243.23%	84,470.35%	90,281.32%	44,677.86%	60,520.04%	69,675.24%	-
Dividend per Share ²	15.00	8.000	-	-	-	19.14	22.55	-
Announcement Date	20-02-07	21-05-31	22-04-13	23-03-24	24-04-02	-	-	-

¹IDR in Billions²IDR³IDR in Million

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q3	2023 Q4
Net sales ¹	-	1,735
EBITDA	-	-
EBIT ¹	-	599.8
Operating Margin	-	34.57%
Earnings before Tax (EBT)	-	-
Net income ¹	124.3	162.2
Net margin	-	9.35%
EPS	9.400	-
Dividend per Share	-	-
Announcement Date	23-10-31	24-04-02

¹IDR in Billions

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	3,842	3,013	1,428	-	4.75	-	-	-
Net Cash position ¹	-	-	-	-	-	2,178	4,475	-
Leverage (Debt/EBITDA)	1.035 x	0.9056 x	0.3785 x	-	0.002089 x	-	-	-
Free Cash Flow ²	1,153,261	790,634	2,008,183	1,856,545	461,395	735,500	991,200	833,000
ROE (net income / shareholders' equity)	20.8%	13.6%	15.3%	11.3%	5.27%	7.6%	8.03%	-
ROA (Net income/ Total Assets)	13.1%	9.51%	11.8%	9.5%	4.57%	5.1%	5.2%	-
Assets ¹	17,087	18,379	20,146	21,648	22,594	23,829	27,358	-
Book Value Per Share	815.0	1,118	1,282	1,445	-	-	-	-
Cash Flow per Share	139.0	109.0	201.0	196.0	-	-	-	-
Capex ¹	571	589	652	730	690	1,297	1,362	-
Capex / Sales	6.83%	7.4%	6.78%	8.05%	8.86%	15.26%	14.01%	-
Announcement Date	20-02-07	21-05-31	22-04-13	23-03-24	24-04-02	-	-	-

¹IDR in Billions²IDR in Million

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for PT. Media Nusantara Citra Tbk

Trading Rating

Investor Rating

ESG Refinitiv

C-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

312 IDR

Average target price

516.2 IDR

Spread / Average Target

+65.46%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Television Broadcasting

	1st Jan change	Capi.
PT. MEDIA NUSANTARA CITRA TBK	-19.17%	252M
WARNER BROS. DISCOVERY, INC.	-35.41%	18.23B
FOX CORPORATION	+15.84%	15.49B
NEXSTAR MEDIA GROUP, INC.	+5.91%	5.45B
RTL GROUP S.A.	-18.76%	4.71B
NIPPON TELEVISION HOLDINGS, INC.	+50.93%	3.62B
SUN TV NETWORK LIMITED	+5.62%	3.56B
ZEE ENTERTAINMENT ENTERPRISES LIMITED	-44.74%	1.75B
M6 MÉTROPOLE TÉLÉVISION	-9.27%	1.58B
NINE ENTERTAINMENT CO. HOLDINGS LIMITED	-30.69%	1.48B

Television Broadcasting