Mood Media Corp Net Debt / EBITDA jumped on 1.6x from 8.2x to 9.8x in 2015 and Debt decreased slightly on 0.59%
10.03.2016 • About Mood Media Corp (
$MM) • By InTwits
Mood Media Corp reported 2015 financial results today. Overall the company's long term financial model is characterised by the following facts:
- Mood Media Corp doesn't have a profitable business model yet: 2015 ROIC is -0.9%
- Mood Media Corp has medium CAPEX intensity: 5 year average CAPEX/Revenue was 7.4%. At the same time it's in pair with industry average of 8.2%.
- CAPEX is quite volatile: 125 in 2015, 296 in 2014, 219 in 2013, 268 in 2012, 150 in 2011
- The company has unprofitable business model: ROIC is at -0.9%
- It operates with medium-size leverage: Net Debt/EBITDA is 9.8x while industry average is 9.8x
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Mood Media Corp ($MM) key annual financial indicators
| mln. $ | 2011 | 2012 | 2013 | 2014 | 2015 | 2015/2014 |
|---|
P&L
|
|---|
| Revenue | 330.5 | 443.8 | 513.3 | 494.1 | 475.1 | -3.8% |
| Gross Profit | 203.7 | 260.1 | 279.4 | 266.2 | 245.2 | -7.9% |
| EBITDA | 67.5 | 104.1 | 71.4 | 73.0 | 61.8 | -15.3% |
| Net Income | -60.0 | -79.5 | -129.5 | -82.4 | -80.0 | -2.9% |
Balance Sheet
|
|---|
| Cash | 15.7 | 46.4 | 22.4 | 25.6 | 17.3 | -32.2% |
| Short Term Debt | 3.6 | 2.1 | 2.1 | 51.0 | 8.4 | -83.6% |
| Long Term Debt | 465.7 | 586.2 | 597.1 | 573.3 | 612.3 | 6.8% |
Cash flow
|
|---|
| Capex | 23.2 | 38.0 | 32.7 | 34.0 | 39.1 | 14.9% |
Ratios
|
|---|
| Revenue growth | 128.0% | 34.3% | 15.6% | -3.7% | -3.8% | |
| EBITDA growth | | 54.2% | -31.5% | 2.3% | -15.3% | |
| Gross Margin | 61.6% | 58.6% | 54.4% | 53.9% | 51.6% | -2.3% |
| EBITDA Margin | 20.4% | 23.5% | 13.9% | 14.8% | 13.0% | -1.8% |
| Net Income Margin | -18.1% | -17.9% | -25.2% | -16.7% | -16.8% | -0.2% |
| CAPEX, % of revenue | 7.0% | 8.6% | 6.4% | 6.9% | 8.2% | 1.3% |
| ROIC | 3.3% | 1.5% | -10.2% | 0.1% | -0.9% | -1.0% |
| ROE | -70.8% | -69.7% | -145.3% | | | 0.0% |
| Net Debt/EBITDA | 6.7x | 5.2x | 8.1x | 8.2x | 9.8x | 1.6x |
Revenue and profitability
The company's Revenue decreased on 3.8% in 2015. Revenue decline was accompanies by EBITDA margin decline. EBITDA Margin decreased slightly on 1.8 pp from 14.8% to 13.0% in 2015.
Gross Margin decreased on 2.3 pp from 53.9% to 51.6% in 2015.
Net Income marign showed almost no change in 2015.
Capital expenditures (CAPEX) and working capital investments
The company's CAPEX/Revenue was 8.2% in 2015. Mood Media Corp's CAPEX/Revenue showed almost no change from 2012 to 2015. For the last three years the average CAPEX/Revenue was 7.2%.Battling declining revenue the company invested a large share of EBITDA (63.2%) to CAPEX but that didn't help at least in this year.
Leverage (Debt)
Company's Net Debt / EBITDA is 9.8x and Debt / EBITDA is 10.0x. Net Debt / EBITDA jumped on 1.6x from 8.2x to 9.8x in 2015. Debt decreased slightly on 0.59% in 2015 while cash dropped on 32.2% in 2015.
Appendix 1: Peers in Media
Below we provide Mood Media Corp benchmarking against other companies in Media industry for the last 5 years. We show data for the top-5 companies by key financial metric together with the median value for all the companies in the industry.
