Media Matrix Worldwide Net Debt / EBITDA dropped on 53.5x from 55.6x to 2.1x in 2019 and Debt dropped on 80.3%
29-05-2019 • About Media Matrix Worldwide (
$MMWL) • By InTwits
Media Matrix Worldwide reported FY2019 financial results today. Here are the key drivers of the company's long term financial model:
- Media Matrix Worldwide is a fast growth stock: FY2019 revenue growth was 120%, 5 year revenue CAGR was 60.3% at FY2019 ROIC 6.1%
- EBITDA Margin is quite volatile: 0.6% in FY2019, 0.3% in FY2018, 11.1% in FY2017, -4.3% in FY2016, -6.5% in FY2015
- The company has potentially unprofitable business model: ROIC is 6.1%
- It operates with high leverage: Net Debt/EBITDA is 2.1x while industry average is 0.9x
Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
Media Matrix Worldwide's Revenue surged on 120%. EBITDA Margin showed almost no change in FY2019.
Net Income margin surged on 12.5 pp from -5.4% to 7.1% in FY2019.
Return on investment
The company operates at good ROE (209.9%) while ROIC is low (6.1%). ROIC increased on 8.5 pp from -2.4% to 6.1% in FY2019. ROE surged on 321 pp from -111% to 210% in FY2019.
Leverage (Debt)
Debt level is 2.1x Net Debt / EBITDA and 2.4x Debt / EBITDA. Net Debt / EBITDA dropped on 53.5x from 55.6x to 2.1x in FY2019. Debt dropped on 80.3% while cash jumped on 42.2%.
Media Matrix Worldwide has short term refinancing risk: cash is only 14.1% of short term debt.
Financial and operational results
FY ended 31-03-2019
Media Matrix Worldwide ($MMWL) key annual financial indicators| mln. INR | 2015 | 2016 | 2017 | 2018 | 2019 | 2019/2018 |
|---|
P&L
|
|---|
| Revenue | 1,615 | 1,375 | 2,638 | 6,476 | 14,246 | 120.0% |
| SG&A | | | 103 | 41 | | |
| EBITDA | -105 | -60 | 294 | 18 | 83 | 368.3% |
| Net Income | -337 | -253 | 101 | -349 | 1,007 | |
Balance Sheet
|
|---|
| Cash | 60 | 14 | 40 | 20 | 28 | 42.2% |
| Short Term Debt | 279 | 362 | 458 | 142 | 198 | 39.3% |
| Long Term Debt | 251 | 235 | 139 | 861 | 0 | -100.0% |
Cash flow
|
|---|
| Capex | 44 | 45 | 82 | 25 | | |
Ratios
|
|---|
| Revenue growth | 19.9% | -14.9% | 91.9% | 145.5% | 120.0% | |
| EBITDA growth | -67.7% | -43.3% | -593.4% | -94.0% | 368.3% | |
|
|---|
| EBITDA Margin | -6.5% | -4.3% | 11.1% | 0.3% | 0.6% | 0.3% |
| SG&A, % of revenue | | | 3.9% | 0.6% | | |
| Net Income Margin | -20.8% | -18.4% | 3.8% | -5.4% | 7.1% | 12.5% |
| CAPEX, % of revenue | 2.7% | 3.2% | 3.1% | 0.4% | | |
|
|---|
| ROIC | -28.2% | -24.0% | 18.3% | -2.4% | 6.1% | 8.5% |
| ROE | -52.8% | -78.7% | 37.6% | -110.9% | 209.9% | 320.8% |
| Net Debt/EBITDA | | | 1.9x | 55.6x | 2.1x | -53.5x |
Media Matrix Worldwide ($MMWL) key quoterly financial indicators
| mln. INR | FY19Q1 | FY19Q2 | FY19Q3 | FY19Q4 | | YoY change |
|---|
P&L
|
|---|
| Revenue | 2,250 | 4,440 | 1,343 | 6,213 | | - | - | - | - |
| EBITDA | -26 | 19 | -6 | 37 | | - | - | - | - |
| Net Income | -11 | 979 | 6 | 42 | | - | - | - | - |
Balance Sheet
|
|---|
Ratios
|
|---|
| EBITDA Margin | -1.2% | 0.4% | -0.4% | 0.6% | | - | - | - | - |
| Net Income Margin | -0.5% | 22.0% | 0.4% | 0.7% | | - | - | - | - |
Peers in Movies & Entertainment
Below you can find Media Matrix Worldwide benchmarking vs. other companies in Movies & Entertainment industry. It's shown for the period of 5 years for the key financial metrics. Each table has median value for all the companies in the industry together with individual financial data of the top-5 companies in the industry by particular financial metric.
