Catalyst Media Group Net Income dropped on 161% and Revenue didn't change
20 Dec 2019 • About Catalyst Media Group (
$CMX) • By InTwits
Catalyst Media Group reported FY2019 financial results today. Overall the company's long term financial model is characterised by the following facts:
- The company operates at negative EBITDA Margin: -377.6%
- Catalyst Media Group spends a lot for Stock Based Compensation (SBC): average SBC/Revenue for FY2015-FY2019 is 0.0%. Average EBITDA Margin for the same period was -306.4%
- The company has unprofitable business model: ROIC is -0.5%
- It operates with medium-size leverage: Net Debt/EBITDA is 2.3x while industry average is -2.0x
Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
Catalyst Media Group's Revenue didn't change in FY2019. While the Revenue was stable EBITDA margin expanded. EBITDA Margin surged on 12.8 pp from -390% to -378% in FY2019.
SG&A as a % of Revenue dropped on 12.8 pp from 490% to 478% in FY2019.
Net Income margin dropped on 6,246 pp from 3,888% to -2,358% in FY2019.
Return on investment
The company operates at negative ROIC (-0.5%) and ROE (-2.9%). ROIC showed almost no change in FY2019. ROE decreased on 6.6 pp from 3.7% to -2.9% in FY2019.
Leverage (Debt)
The company has no debt. Cash dropped on 91.4%.
Financial and operational results
FY ended 30 Jun 2019
Catalyst Media Group ($CMX) key annual financial indicators| mln. £ | 2015 | 2016 | 2017 | 2018 | 2019 | 2019/2018 |
|---|
P&L
|
|---|
| Revenue | 0.025 | 0.025 | 0.025 | 0.025 | 0.025 | 0.0% |
| SG&A | | 0.112 | 0.129 | 0.123 | 0.119 | -2.6% |
| EBITDA | | -0.087 | -0.104 | -0.098 | -0.094 | |
| Net Income | | -0.044 | 3.415 | 0.972 | -0.590 | -160.7% |
Balance Sheet
|
|---|
| Cash | | 0.001 | 1.463 | 4.452 | 0.384 | -91.4% |
| Short Term Debt | | 0.000 | 0.000 | 0.000 | 0.000 | |
| Long Term Debt | | 0.000 | 0.000 | 0.000 | 0.000 | |
Cash flow
|
|---|
| Capex | | 0.000 | 0.000 | 0.000 | 0.000 | |
Ratios
|
|---|
| EBITDA growth | | | 19.4% | -6.1% | -3.3% | |
|
|---|
| EBITDA Margin | | -348.1% | -415.7% | -390.4% | -377.6% | 12.8% |
| SG&A, % of revenue | | 448.1% | 515.7% | 490.4% | 477.6% | -12.8% |
| Net Income Margin | | -175.9% | 13,658.4% | 3,887.9% | -2,358.2% | -6,246.1% |
|
|---|
| ROIC | | -0.3% | -0.4% | -0.4% | -0.5% | -0.1% |
| ROE | | -0.2% | 13.6% | 3.7% | -2.9% | -6.6% |
Peers in Media
Below we provide Catalyst Media Group 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.
Top companies by Revenue growth, %
| Top 5 | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 |
|---|
| Future ($FUTR) | -9.4% | -1.3% | 43.1% | 47.6% | |
| Uls Technology ($ULS) | -1.0% | 28.0% | 7.8% | 37.8% | |
| Ite Group ($ITE) | | -1.0% | 13.5% | 15.1% | 25.6% |
| Haynes Publishing Group ($HYNS) | -11.0% | -1.4% | 15.8% | 13.5% | |
| Ten Alps ($TAL) | | 25.5% | -12.7% | 9.8% | |
| |
|---|
| Median (10 companies) | 2.2% | 4.0% | 3.1% | 9.5% | 12.7% |
|---|
| Catalyst Media Group ($CMX) | | 0.0% | 0.0% | 0.0% | 0.0% |
Top companies by Gross margin, %
| Top 5 | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 |
|---|
| Brainjuicer Group ($BJU) | 80.4% | 82.1% | | 82.5% | |
| Jaywing ($JWNG) | 89.0% | 88.4% | 80.8% | 77.2% | |
| Reed Elsevier ($REL) | 64.3% | 63.9% | 64.2% | 64.7% | |
| Haynes Publishing Group ($HYNS) | 60.2% | 53.6% | 56.4% | 59.6% | |
| Future ($FUTR) | 32.1% | 36.9% | 40.2% | 44.4% | |
| |
|---|
| Median (10 companies) | 41.8% | 40.2% | 40.2% | 42.5% | 39.6% |
|---|
Top companies by EBITDA margin, %
| Top 5 | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 |
|---|
| Haynes Publishing Group ($HYNS) | 33.5% | 15.4% | 35.0% | 36.8% | |
| Reed Elsevier ($REL) | 32.7% | 33.9% | 34.4% | 34.5% | |
| Uls Technology ($ULS) | 21.1% | 19.8% | 21.2% | 13.8% | |
| Dods(Group ($DODS) | 0.6% | 12.3% | 15.9% | 12.3% | |
| Future ($FUTR) | 1.8% | -20.0% | 6.2% | 10.6% | |
| |
|---|
| Median (11 companies) | 11.8% | 7.0% | 6.8% | 8.8% | 13.2% |
|---|
| Catalyst Media Group ($CMX) | | -348.1% | -415.7% | -390.4% | -377.6% |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 |
|---|
| Daily Mail & General Trust ($DMGT) | 1.6% | 1.4% | 1.3% | 20.0% | 1.2% |
| Ite Group ($ITE) | 1.3% | 1.8% | 2.1% | 2.4% | 1.7% |
| Naspers ($NPSN) | 4.0% | 3.1% | 2.5% | 2.0% | |
| Jaywing ($JWNG) | 1.3% | 1.3% | 1.8% | 1.8% | |
| Haynes Publishing Group ($HYNS) | 1.6% | 1.0% | 1.4% | 1.5% | |
| |
|---|
| Median (11 companies) | 1.1% | 0.7% | 0.9% | 1.3% | 1.4% |
|---|
| Catalyst Media Group ($CMX) | | 0.0% | 0.0% | 0.0% | 0.0% |
Top companies by ROIC, %
| Top 5 | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 |
|---|
| Brainjuicer Group ($BJU) | 58.5% | 72.5% | 0.0% | 24.7% | |
| Reed Elsevier ($REL) | 21.4% | 21.4% | 21.4% | 21.0% | |
| Uls Technology ($ULS) | 39.6% | 39.3% | 31.3% | 19.1% | |
| Haynes Publishing Group ($HYNS) | 9.4% | -8.0% | 14.5% | 18.2% | |
| Dods(Group ($DODS) | -12.1% | 4.4% | 7.1% | 4.5% | |
| |
|---|
| Median (13 companies) | 7.0% | 2.6% | 0.8% | 3.3% | 4.0% |
|---|
| Catalyst Media Group ($CMX) | | -0.3% | -0.4% | -0.4% | -0.5% |
Top companies by Net Debt / EBITDA
| Top 5 | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 |
|---|
| Ite Group ($ITE) | 1.4x | 6.3x | 7.3x | 12.7x | 3.1x |
| Jaywing ($JWNG) | 1.9x | 1.6x | 1.6x | 3.8x | |
| Reed Elsevier ($REL) | 1.9x | 2.2x | 2.0x | 2.4x | |
| Future ($FUTR) | 1.6x | | 1.9x | 1.3x | |
| Uls Technology ($ULS) | -0.4x | -0.7x | 0.7x | 0.4x | |
| |
|---|
| Median (11 companies) | 1.2x | 0.1x | 0.6x | 0.2x | 1.2x |
|---|
