Media Matrix Worldwide Net Income dropped on 95.2% and Revenue dropped on 31.1%
05-09-2020 • About Media Matrix Worldwide (
$MMWL) • By InTwits
Media Matrix Worldwide reported FY2020 financial results today. Here are the key drivers of the company's long term financial model:
- EBITDA Margin is quite volatile: 1.6% in FY2020, 0.6% in FY2019, 0.3% in FY2018, 11.1% in FY2017, -4.3% in FY2016
- The company has highly profitable business model: ROIC is 24.2%
Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
Media Matrix Worldwide's Revenue dropped on 31.1%. Revenue decline showed acceleration in FY20Q4 - it was 42.5% YoY. During FY2016-FY2020 Revenue growth topped in FY2018 at 146% and was decelerating since that time. Despite revenue decline the EBITDA margin expanded. EBITDA Margin increased slightly on 1.0 pp from 0.58% to 1.6% in FY2020.
Net Income margin decreased on 6.6 pp from 7.1% to 0.49% in FY2020.
Investments (CAPEX, working capital and M&A)
Media Matrix Worldwide's CAPEX/Revenue was 0.0067% in FY2020. Media Matrix Worldwide's CAPEX/Revenue decreased on 3.1 pp from 3.1% in FY2017 to 0.0067% in FY2020.
Return on investment
The company operates at good ROIC (24.2%) while ROE is low (9.3%). ROIC surged on 18.1 pp from 6.1% to 24.2% in FY2020. ROE dropped on 201 pp from 210% to 9.3% in FY2020.
Leverage (Debt)
Debt level is -0.2x Net Debt / EBITDA and 0.1x Debt / EBITDA. Debt dropped on 88.1% while cash jumped on 72.6%.
Media Matrix Worldwide has no short term refinancing risk: cash is higher than short term debt (203.9%).
Financial and operational results
FY ended 31-03-2020
Media Matrix Worldwide ($MMWL) key annual financial indicatorsmln. INR | 2016 | 2017 | 2018 | 2019 | 2020 | 2020/2019 |
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P&L
|
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Revenue | 1,375 | 2,638 | 6,476 | 14,246 | 9,810 | -31.1% |
SG&A | | 103 | 41 | | | |
EBITDA | -60 | 294 | 18 | 83 | 160 | 92.7% |
Net Income | -253 | 101 | -349 | 1,007 | 48 | -95.2% |
Balance Sheet
|
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Cash | 14 | 40 | 20 | 28 | 48 | 72.6% |
Short Term Debt | 362 | 458 | 142 | 198 | 24 | -88.1% |
Long Term Debt | 235 | 139 | 861 | 0 | 0 | |
Cash flow
|
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Capex | 45 | 82 | 25 | | 1 | |
Ratios
|
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Revenue growth | -14.9% | 91.9% | 145.5% | 120.0% | -31.1% | |
EBITDA growth | -43.3% | -593.4% | -94.0% | 368.3% | 92.7% | |
|
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EBITDA Margin | -4.3% | 11.1% | 0.3% | 0.6% | 1.6% | 1.0% |
SG&A, % of revenue | | 3.9% | 0.6% | | | |
Net Income Margin | -18.4% | 3.8% | -5.4% | 7.1% | 0.5% | -6.6% |
CAPEX, % of revenue | 3.2% | 3.1% | 0.4% | | 0.0% | |
|
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ROIC | -24.0% | 18.3% | -2.4% | 6.1% | 24.2% | 18.1% |
ROE | -78.7% | 37.6% | -110.9% | 209.9% | 9.3% | -200.6% |
Net Debt/EBITDA | | 1.9x | 55.6x | 2.1x | -0.2x | -2.2x |
Media Matrix Worldwide ($MMWL) key quoterly financial indicators
mln. INR | FY20Q1 | FY20Q2 | FY20Q3 | FY20Q4 | | YoY change |
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P&L
|
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Revenue | 2,207 | 962 | 3,068 | 3,573 | | -1.9% | -78.3% | 128.4% | -42.5% |
EBITDA | 0 | -8 | 23 | 79 | | - | -141.6% | - | 112.9% |
Net Income | -11 | -7 | 34 | 69 | | - | -100.8% | 476.4% | 66.0% |
Balance Sheet
|
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Ratios
|
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EBITDA Margin | 0.0% | -0.8% | 0.7% | 2.2% | | 1.2% | -1.2% | 1.2% | 1.6% |
Net Income Margin | -0.5% | -0.8% | 1.1% | 1.9% | | -0.0% | -22.8% | 0.7% | 1.3% |
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.