Cyfrowy Polsat S.A.'s (WSE:CPS) 36% Price Boost Is Out Of Tune With Earnings
May 28
Polish (WIG) Media Industry Analysis
UpdatedMay 29, 2024
DataAggregated Company Financials
Companies19
- 7D-1.5%
- 3M4.4%
- 1Y-15.8%
- YTD4.3%
Over the last 7 days, the Media industry has dropped 1.5%, driven by a pullback from Cyfrowy Polsat of 2.0%. On the other hand Kino Polska TV Spolka Akcyjna is actually up 7.1%. The industry has fallen 16% in the last year. Looking forward, earnings are forecast to grow by 21% annually.
Industry Valuation and Performance
Has the Polish Media Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 29 May 2024 | zł10.0b | zł16.3b | zł546.0m | 11.5x | 18.4x | 0.6x |
| Fri, 26 Apr 2024 | zł8.0b | zł16.0b | zł456.5m | 8.6x | 17.6x | 0.5x |
| Sun, 24 Mar 2024 | zł8.5b | zł15.8b | zł520.3m | 9.3x | 16.3x | 0.5x |
| Tue, 20 Feb 2024 | zł9.1b | zł15.7b | zł437.5m | 12.6x | 20.7x | 0.6x |
| Thu, 18 Jan 2024 | zł8.7b | zł15.7b | zł429.9m | 13.2x | 20.3x | 0.6x |
| Sat, 16 Dec 2023 | zł10.0b | zł15.7b | zł429.5m | 12.8x | 23.2x | 0.6x |
| Mon, 13 Nov 2023 | zł9.2b | zł15.6b | zł420.0m | 10.5x | 21.8x | 0.6x |
| Wed, 11 Oct 2023 | zł9.4b | zł15.4b | zł535.9m | 10.4x | 17.5x | 0.6x |
| Fri, 08 Sep 2023 | zł10.4b | zł15.5b | zł543.3m | 10.2x | 19.2x | 0.7x |
| Sun, 06 Aug 2023 | zł11.9b | zł15.3b | zł818.8m | 10.5x | 14.5x | 0.8x |
| Tue, 04 Jul 2023 | zł12.1b | zł15.3b | zł818.8m | 10.4x | 14.8x | 0.8x |
| Thu, 01 Jun 2023 | zł11.4b | zł15.3b | zł812.0m | 10x | 14x | 0.7x |
| Sat, 29 Apr 2023 | zł12.6b | zł15.0b | zł900.8m | 10.3x | 14x | 0.8x |
| Mon, 27 Mar 2023 | zł11.5b | zł14.9b | zł1.1b | 9.4x | 10.7x | 0.8x |
| Wed, 22 Feb 2023 | zł12.6b | zł14.9b | zł1.1b | 10.4x | 11.1x | 0.8x |
| Fri, 20 Jan 2023 | zł13.5b | zł14.9b | zł1.1b | 8x | 11.9x | 0.9x |
| Sun, 18 Dec 2022 | zł12.2b | zł14.8b | zł1.1b | 8.1x | 10.8x | 0.8x |
| Tue, 15 Nov 2022 | zł13.1b | zł14.5b | zł4.1b | 6.4x | 3.2x | 0.9x |
| Thu, 13 Oct 2022 | zł11.5b | zł14.5b | zł4.1b | 6.3x | 2.8x | 0.8x |
| Sat, 10 Sep 2022 | zł13.4b | zł14.5b | zł4.1b | 7.5x | 3.3x | 0.9x |
| Mon, 08 Aug 2022 | zł13.5b | zł14.3b | zł4.3b | 7.5x | 3.1x | 0.9x |
| Wed, 06 Jul 2022 | zł14.7b | zł14.3b | zł4.3b | 8.4x | 3.4x | 1x |
| Fri, 03 Jun 2022 | zł15.6b | zł14.3b | zł4.3b | 7.8x | 3.6x | 1.1x |
| Sun, 01 May 2022 | zł16.7b | zł14.2b | zł4.4b | 12.8x | 3.8x | 1.2x |
| Tue, 29 Mar 2022 | zł19.2b | zł14.3b | zł4.4b | 10.6x | 4.3x | 1.3x |
| Thu, 24 Feb 2022 | zł20.4b | zł14.2b | zł4.4b | 12.6x | 4.7x | 1.4x |
| Sat, 22 Jan 2022 | zł22.0b | zł14.2b | zł4.4b | 12.8x | 5.1x | 1.6x |
| Mon, 20 Dec 2021 | zł23.8b | zł14.2b | zł4.4b | 13.1x | 5.4x | 1.7x |
| Wed, 17 Nov 2021 | zł23.7b | zł14.1b | zł4.4b | 15.5x | 5.4x | 1.7x |
| Fri, 15 Oct 2021 | zł25.4b | zł14.0b | zł1.5b | 13.9x | 16.4x | 1.8x |
| Sun, 12 Sep 2021 | zł23.9b | zł14.0b | zł1.5b | 14.9x | 15.6x | 1.7x |
| Tue, 10 Aug 2021 | zł23.3b | zł14.0b | zł1.5b | 12.7x | 15.1x | 1.7x |
Price to Earnings Ratio
16.9x
Current Industry PE
- Investors are optimistic on the Polish Media industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 18.4x which is higher than its 3-year average PE of 12.0x.
- The 3-year average PS ratio of 1.0x is higher than the industry's current PS ratio of 0.62x.
Past Earnings Growth
- The earnings for companies in the Media industry have declined 24% per year over the last three years.
- Meanwhile revenues for these companies have grown 6.1% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Polish Telecom industry?
| PL Market | -1.76% | |
| Telecom | -2.01% | |
| Media | -1.51% | |
| Broadcasting | 6.87% | |
| Publishing | 0.93% | |
| Cable and Satellite | -2.05% | |
| Advertising | -2.35% | |
Industry PE
- Investors are most optimistic about the Cable and Satellite industry which is trading above its 3-year average PE ratio of 11.8x.
- Analysts are expecting annual earnings growth of 21.6%, which is higher than its past year's earnings decline of 47.4% per year.
- Investors are most pessimistic about the Broadcasting industry, which is trading close to its 3-year average of 6.5x.
Forecasted Growth
- Analysts are most optimistic on the Cable and Satellite industry, expecting annual earnings growth of 22% over the next 5 years.
- This is better than its past earnings decline of 47% per year.
- In contrast, the Advertising industry is expected to see its earnings grow by 12% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| KPL Kino Polska TV Spolka Akcyjna | zł17.35 | 7.1% +zł22.8m | 20.1% | PE6x | |
| AGO Agora | zł11.68 | 2.8% +zł14.9m | 43.8% | PE16.9x | |
| MZA Muza | zł14.00 | 11.1% +zł4.6m | 35.9% | PE3.5x | |
| EKS e-Kiosk | zł1.03 | 13.2% +zł2.2m | -5.5% | PE11.5x | |
| VER MPL Verbum | zł7.50 | 7.9% +zł1.3m | 25.0% | PE13.7x |
