SKT, SWM: Two ASX media stocks with over 34% gains in past 6 months - Kalkine Media

March 28, 2022 11:23 AM AEDT | By Ashish
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Highlights

  • The 2022 Oscars’ presentation ceremony is currently undergoing.

  • As a result, ASX-listed media & entertainment could be in focus today.

  • There are a few stocks in the category which have kicked off 2022 on a decent note.

Media & entertainment stocks could be in spotlight on Monday as the 94th Academy Awards, popularly known as the Oscars, get underway in Los Angeles. There are a few ASX-listed stocks in the category which have started 2022 on a decent note even as geopolitical tensions around the Russia-Ukraine conflict has dented investors’ confidence. On this note, let’s discuss two ASX-listed media & entertainment stocks which have given over 34% returns in the past six months:

Sky Network Television Ltd (ASX:SKT)

Sky Network Television is a provider of multi-channel, pay television and free-to-air television services in New Zealand.

In the past six months, the stock has given a return of nearly 35%. The share price is up nearly 2% year-to-date (YTD), while in the past twelve months, the stock has surged nearly 62%.

On 18 March 2022, Sky Network finalised the sale of its Mt Wellington campus to Goodman Property Trust for AU$56 million. The company reported a 4.1% rise in revenue in the first half of FY22 on the previous corresponding period (pcp) to AU$371.7 million.

Sky predicts sales of AU$725 to AU$745 million and earnings before interest, depreciation and ammortisation (EBITDA) in the range of AU$150 to AU$160 million in FY22. 

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Seven West Media Ltd (ASX:SWM)

Seven West Media is an integrated media company known for free to air television broadcasting, newspaper publication, broadcasting, and a subscription video on demand service.

In the past six months, the stock has given a return of over 72%. The share price is up over 9% year-to-date (YTD). The stock has surged nearly 44% in the past twelve months.

For the half-year ending 25 December (1HFY22), the Group revenue rose by 27.2% to AU$819.5 million on the pcp.

Earnings before interest, tax, depreciation and amortisation (EBITDA) rose to AU$215.3 million from AU$164.9 million in 1HFY21.

Underlying net profit after taxes (NPAT) stood at AU$128.7 million, up from AU$87.1 million year-on-year.

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