Last $9.84 USD
Change Today +0.23 / 2.39%
Volume 780.8K
As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

ctc media inc (CTCM) Snapshot

Open
$9.64
Previous Close
$9.61
Day High
$9.95
Day Low
$9.52
52 Week High
12/31/13 - $13.95
52 Week Low
03/26/14 - $8.46
Market Cap
1.5B
Average Volume 10 Days
786.8K
EPS TTM
$1.09
Shares Outstanding
155.7M
EX-Date
03/17/14
P/E TM
9.0x
Dividend
$0.70
Dividend Yield
6.66%
Current Stock Chart for CTC MEDIA INC (CTCM)

ctc media inc (CTCM) Related Businessweek News

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ctc media inc (CTCM) Details

CTC Media, Inc., together with its subsidiaries, operates as an independent media company in Russia and other CIS markets. The company operates three free-to-air television networks in Russia, including CTC, which offers entertainment programming for the family; Domashny that focuses its programming on the women's lifestyle; and Peretz, which focuses primarily on edgy, thrilling, and action content. It also operates Channel 31, a television network in Kazakhstan, as well as a TV company in Moldova. In addition, it offers international pay-TV version of the CTC channel in North America, Europe, Central Asia, Armenia, Georgia, Azerbaijan, the Middle East, and Kyrgyzstan. CTC Media, Inc. was founded in 1989 and is based in Moscow, the Russian Federation.

1,129 Employees
Last Reported Date: 03/6/14
Founded in 1989

ctc media inc (CTCM) Top Compensated Officers

Chief Financial Officer and Company Secretary
Total Annual Compensation: $86.7K
Chief Content Officer and Head of CTC Channel
Total Annual Compensation: $491.4K
Chief Broadcasting officer
Total Annual Compensation: $229.9K
Compensation as of Fiscal Year 2012.

ctc media inc (CTCM) Key Developments

CTC Media Inc. Announces Earnings Guidance for the Year 2014

CTC Media Inc. announced earnings guidance for the year 2014. For the year, the company expected that its advertising income growth will be in line with the market at 5%-8%. The company's operating income before depreciation and amortization (OIBDA) margin, not counting digital multiplex broadcasting, should be about 32%. CapEx guidance is up to $10 million.

CTC Media, Inc Announces Consolidated Unaudited Financial Results for the Fourth Quarter and Full Year Ended December 31, 2013; Announces Impairment Charges for the Fourth Quarter Ended December 31, 2013

CTC Media Inc. announced consolidated unaudited financial results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported total operating revenues of $259,717,000 against $264,233,000 a year ago. Operating income was $71,933,000 against $94,842,000 a year ago. OIBDA was $80,076,000 against $103,809,000 a year ago. Adjusted OIBDA was $109,945,000 against $103,809,000 a year ago. Net income attributable to company stockholders was $45,504,000 against $64,875,000 a year ago. Fully diluted earnings per share were $0.29 against $0.41 a year ago. Adjusted net income attributable to company stockholders was $75,373,000 against $64,875,000 a year ago. Adjusted diluted earnings per share were $0.48 against $0.41 a year ago. For the full year, the company reported total operating revenues of $832,103,000 against $804,946,000 a year ago. Operating income was $207,699,000 against $149,887,000 a year ago. Income before income tax was $221,496,000 against $136,919,000 a year ago. OIBDA was $240,815,000 against $173,905,000 a year ago. Adjusted OIBDA was $270,684,000 against $256,408,000 a year ago. Net income attributable to company stockholders was $152,340,000 against $93,063,000 a year ago. Fully diluted earnings per share were $0.97 against $0.59 a year ago. Adjusted net income attributable to company stockholders was $182,209,000 against $157,794,000 a year ago. Adjusted diluted earnings per share were $1.16 against $1.00 a year ago. The company's net cash provided by operating activities totaled $186.6 million against $157.7 million, and reflected the net impact of increased advertising sales and higher cash spend on the acquisition of programming to support investments in foreign and Russian content that will be used in 2014 and beyond, as well as the impact of content inflation. Acquisitions of property and equipment and intangible assets were $6,336,000 against $15,646,000 a year ago. The growth in 2013 operating revenues reflected primarily the effect of growth in the overall Russian television advertising market of 8.8%, due principally to the overall growth in advertiser demand, which was especially reflected in higher sales of Domashny and Peretz' inventory on a federal level, and higher sponsorship revenues, as well as the increased audience share of the CTC channel, partially offset by the effect on CTC' ratings of a decrease in overall television viewership among CTC' target audience. The company announced impairment loss of $29,869,000 for the fourth quarter ended December 31, 2013, related to goodwill allocated to company's in-house production unit, reflecting changes in the economic model of the in-house television production unit as a result of its restructuring that has been initiated.

CTC Media, Inc Declares Cash Dividend Payable on or About March 28, 2014

The CTC Media Board of Directors currently intends to pay cash dividends of $0.70 per share in 2014, a year-on-year increase of 11% compared to cash dividends of $0.63 per share paid in 2013, and has declared a cash dividend of $0.175 per share to be paid on or about March 28, 2014 to shareholders of record as of March 19, 2014, with further dividends anticipated in the remaining quarters of 2014. Although it is the Board's current intention to declare and pay further dividends in the remaining quarters of 2014, there can be no assurance that such additional dividends will in fact be declared and paid.

 

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CTCM

Industry Average

Valuation CTCM Industry Range
Price/Earnings 10.1x
Price/Sales 1.8x
Price/Book 2.1x
Price/Cash Flow 8.3x
TEV/Sales 1.6x
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