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Last Updated on: 21 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 532733 | NSE: SUNTV

Sun TV Network Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 21, 2024, 9:24 pm

Market Cap 28,705 Cr.
Current Price 728
High / Low922/568
Stock P/E15.6
Book Value 287
Dividend Yield2.30 %
ROCE26.2 %
ROE19.3 %
Face Value 5.00
PEG Ratio3.53

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Sun TV Network Ltd

Competitors of Sun TV Network Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Sun TV Network Ltd 28,705 Cr. 728922/56815.6 2872.30 %26.2 %19.3 % 5.00
Shemaroo Entertainment Ltd 432 Cr. 158240/129 1880.00 %0.10 %6.97 % 10.0
Industry Average14,568.50 Cr443.0015.60237.501.15%13.15%13.14%7.50

All Competitor Stocks of Sun TV Network Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales8198491,0608571,2198268878401,3491,0489239611,312
Expenses372323326293450289303343552321334438594
Operating Profit447526735564770537584498797728589523719
OPM %55%62%69%66%63%65%66%59%59%69%64%54%55%
Other Income866948611048910091122112140142149
Interest22524232232222
Depreciation384015870213801148090219115108113
Profit before tax492530623550658544569507827619612555753
Tax %26%25%24%25%25%25%25%25%28%25%26%25%26%
Net Profit365396471410494407425380592465454415560
EPS in Rs9.2710.0311.9510.4112.5310.3410.789.6515.0211.7911.5210.5214.20

Last Updated: October 5, 2024, 11:50 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: October 5, 2024, 11:50 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales1,9232,2242,3952,4742,6462,9633,7833,5203,1773,5853,7724,2824,245
Expenses5147167181,2538749591,1761,2481,1111,3061,3791,6441,686
Operating Profit1,4091,5081,6781,2211,7722,0042,6072,2722,0652,2792,3932,6382,559
OPM %73%68%70%49%67%68%69%65%65%64%63%62%60%
Other Income728799677181165242260306256380515543
Interest5322112132733998
Depreciation442478615497400450663700404306486532555
Profit before tax1,0351,1131,1591,3991,5511,7182,1851,8191,9412,1952,2782,6132,539
Tax %32%33%32%34%34%34%34%24%21%25%25%26%
Net Profit7127577969221,0311,1361,4341,3851,5251,6421,7071,9261,893
EPS in Rs18.0118.9819.8423.3926.1428.8036.3735.1538.7041.6643.3048.8548.03
Dividend Payout %53%50%57%66%38%35%21%71%13%33%35%34%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)6.32%5.15%15.83%11.82%10.18%26.23%-3.42%10.11%7.67%3.96%12.83%
Change in YoY Net Profit Growth (%)0.00%-1.17%10.68%-4.01%-1.64%16.05%-29.65%13.53%-2.44%-3.71%8.87%

Sun TV Network Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:7%
5 Years:3%
3 Years:10%
TTM:0%
Compounded Profit Growth
10 Years:10%
5 Years:7%
3 Years:9%
TTM:-1%
Stock Price CAGR
10 Years:8%
5 Years:9%
3 Years:10%
1 Year:10%
Return on Equity
10 Years:22%
5 Years:21%
3 Years:20%
Last Year:19%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 7:34 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital197197197197197197197197197197197197197
Reserves2,5882,8983,1513,2773,8314,4915,3295,5276,8577,9589,07510,33911,110
Borrowings0000000080956338128
Other Liabilities446468397285350585670782812648814847722
Total Liabilities3,2323,5643,7453,7594,3785,2736,1976,5077,9468,89810,14811,42112,158
Fixed Assets1,3771,3731,1798451,2251,1531,1121,1459461,7911,7291,7071,776
CWIP322124913661462441311452
Investments2444725066361,1482,1472,8012,6923,5043,5895,5127,0618,072
Other Assets1,6091,7172,0582,2782,0041,9232,2712,6033,3513,2742,7752,5082,309
Total Assets3,2323,5643,7453,7594,3785,2736,1976,5077,9468,89810,14811,42112,158

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +8691,1951,1621,2991,2961,3711,8241,6561,4641,6342,0962,171
Cash from Investing Activity +-477-786-518-401-716-1,294-1,113-406-1,152-1,026-1,553-1,313
Cash from Financing Activity +-382-431-635-737-475-475-596-1,222-249-603-631-697
Net Cash Flow10-229160104-39811527635-88161

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow1.001.001.001.001.002.002.002.00-78.00-93.00-61.00-36.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days111103115115107131109142165149143107
Inventory Days
Days Payable
Cash Conversion Cycle111103115115107131109142165149143107
Working Capital Days96841131378989781021051099070
ROCE %37%36%35%32%41%39%42%30%29%27%25%26%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%
FIIs8.95%9.21%9.32%9.79%10.44%10.56%10.39%10.57%9.01%8.87%7.89%7.23%
DIIs2.92%4.18%4.73%3.94%3.79%3.61%3.67%4.47%6.59%6.50%8.23%10.00%
Public13.13%11.61%10.95%11.27%10.77%10.83%10.95%9.96%9.40%9.62%8.89%7.77%
No. of Shareholders1,07,4761,13,4781,23,0551,16,2781,16,1431,19,9711,19,04499,89595,3621,00,8031,01,5171,10,021

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Quant Small Cap Fund10,312,4463.32847.582,400,0002024-11-20329.69%
Quant Active Fund3,261,0002.38268.022,400,0002024-11-2035.88%
Kotak Equity Opportunities Fund - Regular Plan2,400,0000.78197.262,400,0002024-11-200%
Tata Equity P/E Fund - Regular Plan1,945,0001.77159.862,400,0002024-11-20-18.96%
Tata Equity P/E Fund - Regular Plan - Trigger Option A 5%1,945,0001.77159.862,400,0002024-11-20-18.96%
Quant Flexi Cap Fund1,901,0252.03156.252,400,0002024-11-20-20.79%
Kotak Emerging Equity Fund - Regular Plan1,619,6070.26133.122,400,0002024-11-20-32.52%
Kotak ELSS Tax Saver Fund800,0001.0465.752,400,0002024-11-20-66.67%
ICICI Prudential Multicap Fund673,8980.3955.392,400,0002024-11-20-71.92%
ICICI Prudential Large & Mid Cap Fund660,4230.3354.282,400,0002024-11-20-72.48%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)48.8643.3141.6638.7035.16
Diluted EPS (Rs.)48.8643.3141.6638.7035.16
Cash EPS (Rs.)62.1055.5649.6549.1253.03
Book Value[Excl.RevalReserv]/Share (Rs.)267.52235.41207.07179.12145.37
Book Value[Incl.RevalReserv]/Share (Rs.)267.52235.41207.07179.12145.37
Revenue From Operations / Share (Rs.)108.6695.7290.9780.6189.32
PBDIT / Share (Rs.)79.7670.2964.5460.3564.37
PBIT / Share (Rs.)66.2757.9656.7750.1046.60
PBT / Share (Rs.)66.0557.7255.9349.4246.27
Net Profit / Share (Rs.)48.6143.2241.8838.8735.26
NP After MI And SOA / Share (Rs.)48.8543.3041.6638.7035.15
PBDIT Margin (%)73.4073.4370.9574.8672.06
PBIT Margin (%)60.9860.5562.4162.1452.17
PBT Margin (%)60.7860.3061.4861.3051.80
Net Profit Margin (%)44.7345.1546.0448.2139.48
NP After MI And SOA Margin (%)44.9545.2345.7948.0039.35
Return on Networth / Equity (%)18.2718.4020.1321.6224.19
Return on Capital Employeed (%)24.6724.4927.1727.7331.14
Return On Assets (%)16.8516.8118.4519.1921.28
Asset Turnover Ratio (%)0.390.380.420.430.54
Current Ratio (X)8.117.237.946.297.00
Quick Ratio (X)8.117.237.946.297.00
Dividend Payout Ratio (NP) (%)34.2834.6433.0012.9271.12
Dividend Payout Ratio (CP) (%)26.8626.9627.8110.2147.24
Earning Retention Ratio (%)65.7265.3667.0087.0828.88
Cash Earning Retention Ratio (%)73.1473.0472.1989.7952.76
Interest Coverage Ratio (X)367.19294.0676.4988.54198.95
Interest Coverage Ratio (Post Tax) (X)224.78181.8350.6458.02109.99
Enterprise Value (Cr.)23279.8615784.9718183.3617458.8210560.45
EV / Net Operating Revenue (X)5.444.185.075.503.00
EV / EBITDA (X)7.415.707.157.344.16
MarketCap / Net Operating Revenue (X)5.534.345.395.833.20
Retention Ratios (%)65.7165.3566.9987.0728.87
Price / BV (X)2.251.772.372.631.97
Price / Net Operating Revenue (X)5.534.345.395.833.20
EarningsYield0.080.100.080.080.12

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Sun TV Network Ltd as of November 21, 2024 is: 883.97

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 21, 2024, Sun TV Network Ltd is Undervalued by 21.42% compared to the current share price 728.00

Intrinsic Value of Sun TV Network Ltd as of November 21, 2024 is: 922.99

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 21, 2024, Sun TV Network Ltd is Undervalued by 26.78% compared to the current share price 728.00

Last 5 Year EPS CAGR: 4.41%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 33.25%, which is a positive sign.
  2. The company has higher reserves (5,879.31 cr) compared to borrowings (31.08 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (2.62 cr) and profit (1.38 cr) over the years.
  1. The stock has a high average Working Capital Days of 96.83, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 124.75, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Sun TV Network Ltd:
    1. Net Profit Margin: 44.73%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 24.67% (Industry Average ROCE: 13.15%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 18.27% (Industry Average ROE: 13.14%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 224.78
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 8.11
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 15.6 (Industry average Stock P/E: 7.8)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Sun TV Network Ltd. is a Public Limited Listed company incorporated on 18/12/1985 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L22110TN1985PLC012491 and registration number is 012491. Currently Company is involved in the business activities of Radio broadcasting. Company’s Total Operating Revenue is Rs. 3504.88 Cr. and Equity Capital is Rs. 197.04 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Entertainment & MediaMurasoli Maran Towers, Chennai (Madras) Tamil Nadu 600028tvinfo@sunnetwork.in
http://www.suntv.in
Management
NamePosition Held
Mr. Kalanithi MaranExecutive Chairman
Mr. R Mahesh KumarManaging Director
Mr. K VijaykumarExecutive Director
Ms. Kaviya Kalanithi MaranExecutive Director
Mrs. Kavery KalanithiExecutive Director
Mr. S SelvamNon Executive Director
Mr. R RavivenkateshIndependent Director
Mr. M K HarinarayananIndependent Director
Mrs. Mathipoorana RamakrishnanIndependent Director
Mr. Nicholas Martin PaulIndependent Director
Mr. Sridhar VenkateshIndependent Director
Mr. Desmond Hemanth TheodoreIndependent Director

FAQ

What is the latest intrinsic value of Sun TV Network Ltd?

The latest intrinsic value of Sun TV Network Ltd as on 21 November 2024 is ₹883.97, which is 21.42% higher than the current market price of ₹728.00.

What is the Market Cap of Sun TV Network Ltd?

The Market Cap of Sun TV Network Ltd is 28,705 Cr..

What is the current Stock Price of Sun TV Network Ltd as on 21 November 2024?

The current stock price of Sun TV Network Ltd as on 21 November 2024 is ₹728.

What is the High / Low of Sun TV Network Ltd stocks in FY 2024?

In FY 2024, the High / Low of Sun TV Network Ltd stocks is 922/568.

What is the Stock P/E of Sun TV Network Ltd?

The Stock P/E of Sun TV Network Ltd is 15.6.

What is the Book Value of Sun TV Network Ltd?

The Book Value of Sun TV Network Ltd is 287.

What is the Dividend Yield of Sun TV Network Ltd?

The Dividend Yield of Sun TV Network Ltd is 2.30 %.

What is the ROCE of Sun TV Network Ltd?

The ROCE of Sun TV Network Ltd is 26.2 %.

What is the ROE of Sun TV Network Ltd?

The ROE of Sun TV Network Ltd is 19.3 %.

What is the Face Value of Sun TV Network Ltd?

The Face Value of Sun TV Network Ltd is 5.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Sun TV Network Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE