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QMS Media Limited (ASX:QMS) provides advertising services. The Company offers outdoor advertising services. QMS Media serves customers in the Asian Pacific region.
QMS Media Limited has recently announced that the results for the for the six months ended 31 December 2018, shall be declared as on Thursday 28 February 2019. In the announcement, the company has also reaffirmed its FY19 EBITDA guidance of $56-$58m.
Also, recently the company stated that the Board of the company has appointed Mr Ian Rowden as an Independent Director, who had already taken the charge of his office on & from the 4th of February 2019. Mr Ianâs wealth of expertise across various dimension into the media and marketing arena shall prove to be an invaluable asset to the company going forward.
In FY 2018, the group had delivered strong operational and financial performance across all key metrics. The total statutory revenue and other income for the year ended 30 June 2018 came in at $204.2 million, representing growth of 21% in comparison to the year ended 30 June 2017. A combination of expanded media inventory drove growth, the conversion onto digital platforms which led to yield higher revenue and a full twelve months of earnings contribution from the acquisition of QMS Sport Pty Ltd.
Net debt to underlying EBITDA doubled in FY18, with this increase in leverage driven by the firmâs continued investment in its premium quality digital rollout, site acquisitions and the investment in critical international sports technology and digital media companies; TGI US and TGI Europe.
The company continued to showcase strong momentum in digital roll-out and expanded its already extensive digital portfolio with an additional 37 premium landmark digital billboards. This increased the Groupâs digital platform to 112 landmark digital billboards as at 30 June 2018 as compared to just 75 as was reported on 30 June 2017. The continued focus on expanding the number of premium quality landmark digital billboards in strategic markets has driven further growth for the business, with digital revenue now contributing 79% of Australian media revenue and 70% of total media revenue.
In FY 2018, the company reported gross margin of 47.5% which was broadly consistent with the prior year of 48.1% and reflective of a change in portfolio mix, with the higher margins generated from the growth in the digital platform offset by the QMS Sports business which has typically higher contract rights costs relative to other digital platforms.
Now, letâs have a glance at the companyâs stock performance and the return it has posted over the last few months. The stock is currently trading at a price of $ 0.705, up by 1.148% during the dayâs trade with a market capitalisation of ~$ 227.08 Mn. The counter opened the day at $ 0.700, reached the dayâs high of $ 0.710 and touched the dayâs low of $ 0.670 with a daily volume of ~936,547. The stock has provided a Year Till Date return of -12.81 % & also posted returns of -33.57 %, -27.34 % & -11.71 % over the past six months, three & one-months period respectively. It had a 52-week high price of $ 1.180 and touched 52 weeks low of $ 0.660, with an average volume of 604,972 approximately.
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