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Also traded in: Czech Republic, Germany, UK

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 3/10

vs
industry
vs
history
Cash-to-Debt 0.06
CETV's Cash-to-Debt is ranked lower than
85% of the 432 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 1.47 vs. CETV: 0.06 )
Ranked among companies with meaningful Cash-to-Debt only.
CETV' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04  Med: 0.23 Max: No Debt
Current: 0.06
Equity-to-Asset -0.04
CETV's Equity-to-Asset is ranked lower than
94% of the 415 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 0.54 vs. CETV: -0.04 )
Ranked among companies with meaningful Equity-to-Asset only.
CETV' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.79  Med: 0.38 Max: 0.77
Current: -0.04
-0.79
0.77
Debt-to-Equity -18.04
CETV's Debt-to-Equity is ranked lower than
99.99% of the 280 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 0.45 vs. CETV: -18.04 )
Ranked among companies with meaningful Debt-to-Equity only.
CETV' s Debt-to-Equity Range Over the Past 10 Years
Min: -18.51  Med: 0.66 Max: 18.47
Current: -18.04
-18.51
18.47
Debt-to-EBITDA 2.16
CETV's Debt-to-EBITDA is ranked lower than
53% of the 280 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 2.24 vs. CETV: 2.16 )
Ranked among companies with meaningful Debt-to-EBITDA only.
CETV' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.36  Med: 3.28 Max: 35.7
Current: 2.16
1.36
35.7
Interest Coverage 1.29
CETV's Interest Coverage is ranked lower than
89% of the 332 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 17.35 vs. CETV: 1.29 )
Ranked among companies with meaningful Interest Coverage only.
CETV' s Interest Coverage Range Over the Past 10 Years
Min: 0.05  Med: 0.6 Max: 3.83
Current: 1.29
0.05
3.83
Piotroski F-Score: 7
Altman Z-Score: -0.45
Beneish M-Score: -2.67
WACC vs ROIC
10.66%
8.44%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 4/10

vs
industry
vs
history
Operating Margin % 18.19
CETV's Operating Margin % is ranked higher than
80% of the 430 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 5.64 vs. CETV: 18.19 )
Ranked among companies with meaningful Operating Margin % only.
CETV' s Operating Margin % Range Over the Past 10 Years
Min: -67.96  Med: 1.95 Max: 25.09
Current: 18.19
-67.96
25.09
Net Margin % 4.21
CETV's Net Margin % is ranked lower than
52% of the 430 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 3.18 vs. CETV: 4.21 )
Ranked among companies with meaningful Net Margin % only.
CETV' s Net Margin % Range Over the Past 10 Years
Min: -75.88  Med: -23.31 Max: 13.59
Current: 4.21
-75.88
13.59
ROA % 2.05
CETV's ROA % is ranked lower than
53% of the 436 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 1.77 vs. CETV: 2.05 )
Ranked among companies with meaningful ROA % only.
CETV' s ROA % Range Over the Past 10 Years
Min: -22.06  Med: -9.44 Max: 4.26
Current: 2.05
-22.06
4.26
ROC (Joel Greenblatt) % 61.93
CETV's ROC (Joel Greenblatt) % is ranked higher than
74% of the 433 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 13.13 vs. CETV: 61.93 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
CETV' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -134.19  Med: -15.29 Max: 66.2
Current: 61.93
-134.19
66.2
3-Year Revenue Growth Rate -5.70
CETV's 3-Year Revenue Growth Rate is ranked lower than
71% of the 385 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 2.30 vs. CETV: -5.70 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
CETV' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -60.6  Med: -10.2 Max: 47.4
Current: -5.7
-60.6
47.4
3-Year EBITDA Growth Rate -5.20
CETV's 3-Year EBITDA Growth Rate is ranked lower than
70% of the 318 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 5.10 vs. CETV: -5.20 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
CETV' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -58.4  Med: -0.8 Max: 90.4
Current: -5.2
-58.4
90.4
3-Year EPS without NRI Growth Rate -16.90
CETV's 3-Year EPS without NRI Growth Rate is ranked lower than
76% of the 287 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 7.80 vs. CETV: -16.90 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
CETV' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -66.7  Med: -18.1 Max: 83.2
Current: -16.9
-66.7
83.2
GuruFocus has detected 4 Warning Signs with Central European Media Enterprises Ltd CETV.
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» CETV's 30-Y Financials

Financials (Next Earnings Date: 2018-02-09)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q4 2016

CETV Guru Trades in Q4 2016

Jim Simons 64,379 sh (+136.87%)
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Q1 2017

CETV Guru Trades in Q1 2017

Jim Simons 224,233 sh (+248.30%)
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Q2 2017

CETV Guru Trades in Q2 2017

Jim Simons 114,479 sh (-48.95%)
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Q3 2017

CETV Guru Trades in Q3 2017

Jim Simons 313,279 sh (+173.66%)
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Business Description

Industry: Entertainment » Broadcasting - TV    NAICS: 515120 
Compare:HKSE:02008, XKRX:053210, TSE:9413, SHSE:603721, MEX:AZTECA CPO, ISX:MDIA, BOM:532798, XKRX:037560, NYSE:EVC, TSE:4839, TSX:DHX.A, PHS:GMA7, ISX:VIVA, TSE:9405, BOM:532515, SZSE:002238, ASX:NEC, BOM:532794, BKK:BEC, BKK:MCOT » details
Traded in other countries:CETV.Czech Republic, CME.Germany, 0K8L.UK,
Headquarter Location:Bermuda
Central European Media Enterprises Ltd is a media and entertainment company. It develops and operates television channels and stations in Central and Eastern Europe.

Central European Media Enterprises Ltd is a media and entertainment company. The company manages its business based on geographical segments in Bulgaria, Croatia, the Czech Republic, Romania, the Slovak Republic and Slovenia. It operates as one general entertainment channel, and eight other channels including ACASA, ACASAGOLD, PRO CINEMA, SPORT.RO, MTV ROMANIA. The company generates advertising revenues from placing ads on the television channels.

Top Ranked Articles about Central European Media Enterprises Ltd

Central European Media Enterprises Joins the European Media Alliance
Central European Media Enterprises Announces Second Quarter 2017 Earnings Release and Teleconference
Central European Media Enterprises Announces Divestiture of Assets to Accelerate Deleveraging
Central European Media Enterprises Announces First Quarter 2017 Earnings Release and Teleconference
Central European Media Enterprises Announces Debt Repricing, Immediately Reduces Average Borrowing Cost on All Outstanding Debt by 150 Basis Points

HAMILTON, Bermuda, March 06, 2017 (GLOBE NEWSWIRE) -- Central European Media Enterprises Ltd. (“CME” or the “Company”) (NASDAQ:CETV) (Prague Stock Exchange:CETV) today announced that it completed a transaction with Time Warner Inc. (“Time Warner”) to reduce, with effect as of March 1, 2017, the fees payable to Time Warner as credit guarantor of the Company's currently outstanding senior term credit facilities. Highlights of the transaction: CME's weighted average borrowing cost immediately decreases 150 basis points to 7.25%.

     -  Immediately reduces the cost of borrowing on the €251 million term loan due 2018 and the €235 million term loan due 2019 each by 125 basis points.

     -  Immediately reduces the cost of borrowing on the €469 million term loan due 2021 by 175 basis points.

All-in rate now applicable to all currently outstanding senior term credit facilities can fall as low as 5.0%, depending on the net leverage ratio of CME, automatically improving in the future with specified decreases in the net leverage ratio.

Cost of borrowing will decrease another 50 basis points if the total of outstanding senior term credit facilities is reduced below €815 million by September 30, 2018, subject to certain adjustments.

Expected to result in at least US$ 30 million of savings from debt service obligations by the end of next year, accelerating the Company's deleveraging strategy, which already included plans to substantially repay its nearest debt maturity in 2018.

Completed with no changes to the Company's existing debt prepayment rights and no changes to CME's existing revolving credit facility. In a joint statement, Michael Del Nin and Christoph Mainusch, co-Chief Executive Officers, commented: “In the span of one year, we have reduced our average cost of borrowing by a remarkable 450 basis points. This transaction, which was made possible by the continued improvement in our financial and operational results, demonstrates our continued commitment to long-term equity value creation and the ongoing support of our largest shareholder. The new grid pricing, now applicable to all of our term debt, results in an immediate and significant reduction to our cost of borrowing, reduces our potential future financing costs, and maintains the current flexibility of our debt structure. These savings better position us to deliver on our plans to reduce leverage and improve the Company's financial position.” CME is a media and entertainment company operating leading businesses in six Central and Eastern European markets with an aggregate population of approximately 50 million people. CME broadcasts 36 television channels in Bulgaria (bTV, bTV Cinema, bTV Comedy, bTV Action, bTV Lady, and Ring.bg), Croatia (Nova TV, Doma, Nova World and MiniTV), the Czech Republic (Nova, Nova 2, Nova Cinema, Nova Action, Nova Gold, Nova Sport 1, Nova Sport 2 and Nova International), Romania (PRO TV, PRO TV International, Acasa, Acasa Gold, PRO Cinema, Sport.ro, MTV Romania, PRO TV Chisinau and Acasa in Moldova), the Slovak Republic (TV Markíza, Markíza International, Doma and Dajto), and Slovenia (POP TV, Kanal A, Brio, Oto and Kino). CME is traded on the NASDAQ Global Select Market and the Prague Stock Exchange under the ticker symbol “CETV”. Forward-Looking Statements This press release contains forward-looking statements. For all forward-looking statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy or are otherwise beyond our control and some of which might not even be anticipated. Forward-looking statements reflect our current views with respect to future events and because our business is subject to such risks and uncertainties, actual results, our strategic plan, our financial position, results of operations and cash flows could differ materially from those described in or contemplated by the forward-looking statements.  

For additional information, please visit www.cme.net or contact:

Mark Kobal
Head of Investor Relations
Central European Media Enterprises
420 242 465 576
[email protected]

Read more...

Ratios

vs
industry
vs
history
PE Ratio 86.00
CETV's PE Ratio is ranked lower than
99.99% of the 268 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 20.14 vs. CETV: 86.00 )
Ranked among companies with meaningful PE Ratio only.
CETV' s PE Ratio Range Over the Past 10 Years
Min: 3.11  Med: 39.24 Max: 191.59
Current: 86
3.11
191.59
Price-to-Owner-Earnings 58.11
CETV's Price-to-Owner-Earnings is ranked lower than
90% of the 156 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 17.20 vs. CETV: 58.11 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
CETV' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 4.41  Med: 74.54 Max: 40000
Current: 58.11
4.41
40000
PS Ratio 1.02
CETV's PS Ratio is ranked higher than
71% of the 407 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 1.91 vs. CETV: 1.02 )
Ranked among companies with meaningful PS Ratio only.
CETV' s PS Ratio Range Over the Past 10 Years
Min: 0.24  Med: 0.69 Max: 6.65
Current: 1.02
0.24
6.65
Price-to-Free-Cash-Flow 17.62
CETV's Price-to-Free-Cash-Flow is ranked lower than
54% of the 147 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 13.32 vs. CETV: 17.62 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
CETV' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 4.98  Med: 30.38 Max: 352.58
Current: 17.62
4.98
352.58
Price-to-Operating-Cash-Flow 9.97
CETV's Price-to-Operating-Cash-Flow is ranked higher than
59% of the 210 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 9.84 vs. CETV: 9.97 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
CETV' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 2.08  Med: 14.68 Max: 533.33
Current: 9.97
2.08
533.33
EV-to-EBIT 12.05
CETV's EV-to-EBIT is ranked higher than
53% of the 301 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 16.13 vs. CETV: 12.05 )
Ranked among companies with meaningful EV-to-EBIT only.
CETV' s EV-to-EBIT Range Over the Past 10 Years
Min: -107.4  Med: -2.7 Max: 909.2
Current: 12.05
-107.4
909.2
EV-to-EBITDA 3.28
CETV's EV-to-EBITDA is ranked higher than
91% of the 338 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 11.46 vs. CETV: 3.28 )
Ranked among companies with meaningful EV-to-EBITDA only.
CETV' s EV-to-EBITDA Range Over the Past 10 Years
Min: -23.9  Med: 4.5 Max: 56.4
Current: 3.28
-23.9
56.4
EV-to-Revenue 2.26
CETV's EV-to-Revenue is ranked lower than
52% of the 426 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 2.31 vs. CETV: 2.26 )
Ranked among companies with meaningful EV-to-Revenue only.
CETV' s EV-to-Revenue Range Over the Past 10 Years
Min: 1.1  Med: 2.2 Max: 7.1
Current: 2.26
1.1
7.1
Current Ratio 1.96
CETV's Current Ratio is ranked higher than
66% of the 386 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 1.59 vs. CETV: 1.96 )
Ranked among companies with meaningful Current Ratio only.
CETV' s Current Ratio Range Over the Past 10 Years
Min: 0.74  Med: 1.82 Max: 3.97
Current: 1.96
0.74
3.97
Quick Ratio 1.96
CETV's Quick Ratio is ranked higher than
70% of the 386 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 1.44 vs. CETV: 1.96 )
Ranked among companies with meaningful Quick Ratio only.
CETV' s Quick Ratio Range Over the Past 10 Years
Min: 0.74  Med: 1.82 Max: 3.97
Current: 1.96
0.74
3.97
Days Sales Outstanding 62.21
CETV's Days Sales Outstanding is ranked lower than
72% of the 358 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 71.04 vs. CETV: 62.21 )
Ranked among companies with meaningful Days Sales Outstanding only.
CETV' s Days Sales Outstanding Range Over the Past 10 Years
Min: 62.21  Med: 96.85 Max: 103.56
Current: 62.21
62.21
103.56

Buy Back

vs
industry
vs
history
5-Year Yield-on-Cost % 98.69
CETV's 5-Year Yield-on-Cost % is ranked higher than
100% of the 484 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 2.77 vs. CETV: 98.69 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
CETV' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0  Med: 0 Max: 129.47
Current: 98.69
0
129.47
3-Year Average Share Buyback Ratio -2.10
CETV's 3-Year Average Share Buyback Ratio is ranked higher than
57% of the 280 Companies
in the Global Broadcasting - TV industry.

( Industry Median: -3.80 vs. CETV: -2.10 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
CETV' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -119.5  Med: -15 Max: -0.2
Current: -2.1
-119.5
-0.2

Valuation & Return

vs
industry
vs
history
Price-to-Median-PS-Value 1.47
CETV's Price-to-Median-PS-Value is ranked lower than
75% of the 363 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 1.02 vs. CETV: 1.47 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
CETV' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.02  Med: 0.95 Max: 10.68
Current: 1.47
0.02
10.68
Earnings Yield (Greenblatt) % 8.29
CETV's Earnings Yield (Greenblatt) % is ranked higher than
67% of the 436 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 3.01 vs. CETV: 8.29 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
CETV' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -49.6  Med: -2.3 Max: 17.9
Current: 8.29
-49.6
17.9
Forward Rate of Return (Yacktman) % -20.32
CETV's Forward Rate of Return (Yacktman) % is ranked lower than
87% of the 211 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 9.57 vs. CETV: -20.32 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
CETV' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -61.3  Med: -11.6 Max: 49.3
Current: -20.32
-61.3
49.3

More Statistics

Revenue (TTM) (Mil) $718.16
EPS (TTM) $ 0.05
Beta1.11
Short Percentage of Float3.88%
52-Week Range $2.40 - 4.85
Shares Outstanding (Mil)144.96

Piotroski F-Score Details

Piotroski F-Score: 77
Positive ROAY
Positive CFROAY
Higher ROA yoyY
CFROA > ROAY
Lower Leverage yoyY
Higher Current Ratio yoyY
Less Shares Outstanding yoyN
Higher Gross Margin yoyN
Higher Asset Turnover yoyY

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