Last kr296.00 SEK
Change Today +0.30 / 0.10%
Volume 78.8K
As of 11:02 AM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

modern times group-b shs (MTGB) Snapshot

Open
kr295.10
Previous Close
kr295.70
Day High
kr298.00
Day Low
kr294.80
52 Week High
10/22/13 - kr366.90
52 Week Low
04/18/13 - kr242.00
Market Cap
20.0B
Average Volume 10 Days
204.2K
EPS TTM
kr16.39
Shares Outstanding
61.8M
EX-Date
05/14/14
P/E TM
18.1x
Dividend
kr10.50
Dividend Yield
3.38%
Current Stock Chart for MODERN TIMES GROUP-B SHS (MTGB)

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modern times group-b shs (MTGB) Details

Modern Times Group MTG AB, an entertainment broadcasting company, is engaged in the free-TV, pay-TV, digital entertainment, radio, and content production businesses. The company’s Free-TV Scandinavia segment offers commercial free-TV broadcasting services in Scandinavia. Its Pay-TV Nordic segment markets and sells pay-TV packages on the DTH satellite platform, the online platform, and third party IPTV and cable networks, as well as distributes its 38 pay-TV channels through third party pay-TV networks. The company’s Free-TV Emerging Markets segment provides commercial free-TV broadcasting services, including a total of 24 free-TV channels in the Baltics, the Czech Republic, Bulgaria, Hungary, Ghana, and Tanzania. Its Pay-TV Emerging Markets segment markets and sells pay-TV packages on the DTH satellite platforms in the Baltics and Ukraine; and Raduga TV DTH satellite platform in Russia, as well as distributes 34 channels through third party pay-TV networks to subscribers in 32 countries in Central and Eastern Europe, Africa, and the United States. The company’s CTC Media segment offers commercial television broadcasting services in Russia. Its MTG Studios, MTGx and Radio segment is engaged in the content production businesses in Scandinavia, Europe, and Africa; commercial radio network operations in Sweden, Norway, and Baltics; and development of digital products, as well as owns equity stakes in a Finnish national commercial radio network. The company was founded in 1987 and is headquartered in Stockholm, Sweden.

3,722 Employees
Last Reported Date: 04/8/14
Founded in 1987

modern times group-b shs (MTGB) Top Compensated Officers

Chief Executive Officer and Group President
Total Annual Compensation: kr12.9M
Compensation as of Fiscal Year 2013.

modern times group-b shs (MTGB) Key Developments

Investors Eye Raduga

Open Joint Stock Company Long-Distance and International Telecommunications Rostelecom (MICEX:RTKM) has initiated negotiations to acquire Raduga Holdings S.A. Continental Media S.A. owning 50% stake in Raduga Holdings S.A. is also in talks with Orion Express OOO and Tricolour TV. Modern Times Group Mtg AB (OM:MTG B) other owner of Raduga Holdings S.A. will also be part of the negotiations. Orion Express and Tricolour TV have announced their disinterest in acquiring a stake in Raduga.

Niclas Ekdahl Leaves Modern Times Group Mtg AB

Modern Times Group Mtg AB (MTG) announced that Niclas Ekdahl, the current CEO of Viaplay, is leaving MTG to pursue new opportunities.

Modern Times Group MTG AB Announces Consolidated and Parent Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

Modern Times Group MTG AB announced consolidated and parent earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, on consolidated basis, the company reported net sales of SEK 4,083 million against SEK 3,620 million a year ago. This reflected the growth of the emerging markets free-TV and pay-TV operations, and the Nordic pay-TV business, as well as contributions from acquisitions, including SEK 178 million net revenue from Nice. Operating income (EBIT) was SEK 417 million against SEK 476 million a year ago. Income before tax was SEK 445 million against SEK 467 million a year ago. Net income for the period attributable to equity holders of the parent was SEK 245 million or SEK 3.67 per diluted share against SEK 378 million or SEK 5.24 per diluted share a year ago. Net cash flow from operations was SEK 415 million against SEK 821 million a year ago. The group's net debt position, which is defined as cash and cash equivalents and interest bearing assets less interest bearing liabilities, therefore amounted to SEK 772 million at the end of the period, and compared to a net debt position of SEK 373 million at the end of the third quarter of 2013. Investments in other non-current assets were SEK 100 million against SEK 74 million a year ago. For the full year, on consolidated basis, the company reported net sales of SEK 14,129 million against SEK 13,336 million a year ago. Operating income (EBIT) was SEK 1,738 million against SEK 2,124 million a year ago. Income before tax was SEK 1,726 million against SEK 2,034 million a year ago. Net income for the period attributable to equity holders of the parent was SEK 1,092 million or SEK 16.37 per diluted share against SEK 1,526 million or SEK 22.87 per diluted share a year ago. Net cash flow from operations was SEK 1,220 million against SEK 1,915 million a year ago. Return on capital employed remains very healthy at 29%, and have a 25% return on equity ratio for the year. Investments in other non-current assets were SEK 319 million against SEK 144 million a year ago. For the quarter, on parent basis, the company reported net sales of SEK 10 million against SEK 18 million a year ago. Operating loss (LBIT) was SEK 87 million against SEK 32 million a year ago. Net income for the period was SEK 64 million against net loss of SEK 203 million a year ago. Income before tax and appropriations was SEK 35 million against SEK 226 million a year ago. For the year, on parent basis, the company reported net sales of SEK 46 million against SEK 58 million a year ago. Operating loss (LBIT) was SEK 219 million against SEK 175 million a year ago. Net income for the period was SEK 294 million against SEK 19 million a year ago. Income before tax and appropriations was SEK 318 million against SEK 561 million a year ago.

 

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Industry Analysis

MTGB

Industry Average

Valuation MTGB Industry Range
Price/Earnings 17.6x
Price/Sales 1.4x
Price/Book 3.7x
Price/Cash Flow 16.3x
TEV/Sales 1.1x
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