QMS Media Limited (ASX: QMS) is from the telecommunication services sector and is the fastest growing media company in Australia and New Zealand.
On 23 May 2019, the company released its Annual General Meeting Presentation. The chairman, Wayne Stevenson QMS in the AGM highlighted the change in the company’s financial year-end from 30 June to 31 December for streamlining the reporting periods across all QMS entities as well as to align with industry standards. As an outcome, the financial year which concluded, was covered in the yearly report, and discussed in the presentation relates to the six months ranging between 1 July 2018-31 December 2018.
He further added that the company is positioned uniquely in the fast-evolving market. It focuses on developing as well as managing a portfolio in Australia and New Zealand, which drives the financial and operational performance of the company. The company has made a significant investment on proprietary data and analytics and will continue to further invest in it as it provides the company with a unique platform of dynamic audience insights in order to drive underlying performance.
There is a unique growth opportunity for the company with the expansion of QMS Sport. The strategic investment made by the company in future sport revenue streams will not only strengthen its sports technology capabilities but also strengthen its position in the highly fragmented international sports media market. Mr Wayne Stevenson also stated that the company is well placed to deliver strong growth and strong returns to its shareholders. The company applies best in class technology and innovation across the global sports media landscape by its fundamental strategic pillars of quality and audience engagement.
Simultaneously, as the company is growing and investing its QMS Sport business internationally, it also remains focused on meeting its financial targets as well as delivering sustainable growth in shareholder value.
In New Zealand, the company announced the strategic merger of its out-of-home and production businesses with MediaWorks for creating the largest multi-media group in New Zealand. In the Merged businesses, the company will have 40% of the shareholding. This merged business will be the first in the market, which will have the combined power of out-of-home, radio, TV and digital. However, the proposed merger depends on various terms and condition, such as financing and approval from New Zealand’s Overseas Investment Office.
The three distinct business segment QMS Australia, QMS New Zealand and QMS Sports of the company distinguishes it from the rest of the industry. Each of the division has a strong value proposition, growth profile as well as scalability. Thus, the group could realize true value for shareholders.
For the six-months period which ended on 31 December 2018, the Group was able to achieve robust revenue growth. The Group is on track for delivering the EBITDA guidance of $60 million to $62 million for CY2019. The company’s Gross Profit was up by 11% to $53.3 million and NPATA by 9% to $13.5 million.
The QMS Australia business segment generated a revenue of $66.3 million and underlying EBITDA of $20.3 million. The QMS New Zealand segment generated a revenue of $28.2 million and underlying EBITDA of $5.8 million.
The CY2018 Group Revenue from the MediaWorks was up by $5 million to $305 million and CY2018 Group EBITDA by 14.8% to $24.8 million.
QMS sport generated a revenue of $13.1 million and a negative Underlying EBITDA of $0.3 million.
The stock of the company last traded at a price of A$0.730. QMS holds a market capitalization of A$238.45m and approximately. 326.65m outstanding shares.
This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.