ARN MEDIA LIMITED (A1N)
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A1N - ARN MEDIA LIMITED

FNArena Sector : Print, Radio & TV
Year End: December
GICS Industry Group : Media
Debt/EBITDA: 1.56
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.90

21 Feb
2024

-0.040

OPEN

$0.95

-4.26%

HIGH

$0.95

113,423

LOW

$0.90

TARGET
$0.90
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
GTN . NEC . NWS . SKT . SWM . SXL .
FNARENA'S MARKET CONSENSUS FORECASTS
A1N: 1
Title FY21
Actual
FY22
Actual
FY23
Forecast
FY24
Forecast
EPS (cps) xxx - 56.9 10.3 xxx
DPS (cps) xxx 10.2 8.4 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx 37.8% - 17.6% xxx
PE Ratio xxx N/A 9.1 xxx
Dividend Yield xxx N/A 8.9% xxx
Div Pay Ratio(%) xxx N/A 81.6% xxx

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

N/A

Estimated Dividend Growth
(Average Of Past Three Years)

Amount Invested

Tell Me The Dividend After This Many Years

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 31/08 - ex-div 3.5c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx-56.9
DPS All xxxxxxxxxxxxxxx10.2
Sales/Revenue xxxxxxxxxxxxxxx344.9 M
Book Value Per Share xxxxxxxxxxxxxxx105.0
Net Operating Cash Flow xxxxxxxxxxxxxxx24.9 M
Net Profit Margin xxxxxxxxxxxxxxx-51.13 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx-45.08 %
Return on Invested Capital xxxxxxxxxxxxxxx-35.80 %
Return on Assets xxxxxxxxxxxxxxx-24.19 %
Return on Equity xxxxxxxxxxxxxxx-45.08 %
Return on Total Capital xxxxxxxxxxxxxxx10.84 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-10.6 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201720182019202020212022
Short-Term Debt xxxxxxxxxxxxxxx9 M
Long Term Debt xxxxxxxxxxxxxxx114 M
Total Debt xxxxxxxxxxxxxxx123 M
Goodwill - Gross xxxxxxxxxxxxxxx0 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx24 M
Price To Book Value xxxxxxxxxxxxxxx0.92

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201720182019202020212022
Capex xxxxxxxxxxxxxxx8.3 M
Capex % of Sales xxxxxxxxxxxxxxx2.40 %
Cost of Goods Sold xxxxxxxxxxxxxxx206 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx81 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx34 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

-0.5

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

19/10/2023

3

Neutral

$1.00

11.11%

ARN Media and Anchorage Capital have launched a non-binding indicative cash and scrip offer to buy the balance of the shares they don't already own in Southern Cross Media. ARN Media's existing stake is 14.8%.

Under the deal, the consortium will pay 29.6c and 0.753 ARN Media shares for each Southern Cross share.

Macquarie says this equates to a shares price of 94c, based on the last closing price.

Given the company cannot buy all of Southern Cross's assets under existing ACMA and ACCC rules, the consortium is combining and splitting the asset. 

The broker understands that Anchorage is funding the cash component and ARN Media the scrip component.

The company expects the transaction will prove to be double-digit earnings accretive and will have little affect on the company's financial leverage.

At first glance, Macquarie considers the deal to be sensible and a creative way to overcome regulative hurdles in an industry in need of consolidation. The broker prefers radio over other formats. Neutral rating and $1 target price retained.

Neutral rating retained. Target price eases -3% to $1 from $1.03.

FORECAST
Macquarie forecasts a full year FY23 dividend of 9.10 cents and EPS of 10.40 cents.
Macquarie forecasts a full year FY24 dividend of 10.00 cents and EPS of 11.40 cents.

A1N STOCK CHART