Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Euronext Alternext  >  Reworld Media    ALREW   FR0010820274

Delayed Quote. Delayed  - 06/23 05:28:27 pm
2.04 EUR   +0.99%
02/02 REWORLD MEDIA : Pro-forma annual revenues estimated at €200m –..
SummaryQuotesChartsNewsCalendarCompanyFinancialsRevisions 
News SummaryMost relevantAll newsSector newsTweets 
The feature you requested does not exist. However, we suggest the following feature:

EQS-News: Edison issues initiation on Reworld Media (ALREW)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/06/2017 | 10:39am CEST

EQS-News: Edison Investment Research Limited / Key word(s): Forecast/Research Update

Edison issues initiation on Reworld Media (ALREW)



06-March-2017 / 09:38 GMT/BST


London, UK, 06 March 2017

Edison issues initiation on Reworld Media (ALREW)

Reworld Media combines leading media brands with performance marketing via its consolidated 30% TradeDoubler shareholding, providing advertisers with a strong data-driven proposition. Management has reinvigorated its brands, investing in their digital offers and driving reach, while structural profitability has improved through extensive overhead reduction. TradeDoubler (TD) reported adjusted positive EBITDA in H216 and management has indicated that group FY16e EBITDA will be roughly treble that of FY15. Medium-term earnings growth will be driven by operating leverage, along with the fast-growing digital share of global marketing spend, which should then reflect in the valuation.

A sum-of-the-parts approach based on forward EV/EBITDA and EV/gross profit (GP) multiples for global media peers and for the TD stake, suggests a valuation of around EUR2.32 could be justified. However, this only takes account of short-term projections. If Reworld could achieve an industry average EBITDA margin (c 18%) in the medium term, a DCF approach suggests a much higher price of EUR3.13, with the current price implying an EBITDA margin of just 11.7%.



Click here to view the full report.

All reports published by Edison are available to download free of charge from its website

www.edisoninvestmentresearch.com.

About Edison: Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

Edison is authorised and regulated by the Financial Conduct Authority.

Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.

Contact details:Learn more at www.edisongroup.com and connect with Edison on:

LinkedIn https://www.linkedin.com/company/edison-investment-research
Twitter www.twitter.com/Edison_Inv_Res
YouTube www.youtube.com/edisonitv



Dissemination of a UK FINANCIAL NEWS, transmitted by EQS Group.

The issuer is solely responsible for the content of this announcement.




End of Announcement - EQS News Service

550547  06-March-2017 

fncls.ssp?fn=show_t_gif&application_id=550547&application_name=news&site_id=acquiremedia_html]]>

© DGAP, source Corporate News

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on REWORLD MEDIA
03/06 EQS-NEWS : Edison issues initiation on Reworld Media (ALREW)
02/02 REWORLD MEDIA : Pro-forma annual revenues estimated at €200m – 2016 consol..
More news
Sector news : Newspaper Publishing
05/31DJFox News May Tap Heat Street Editor for Website -- Sources
05/15 PEARSON : Brazilian businessman buys stake in language training chain for $64 mi..
05/12 Dealmaking supports European shares but Richemont profit miss weighs
05/09 QANTAS AIRWAYS : Pie in the sky as Australia's Qantas boss gets just dessert
05/06DJPEARSON : Looks to Sell U.S. Assets -- WSJ
More sector news : Newspaper Publishing
Advertisement
Financials (€)
Sales 2017 186 M
EBIT 2017 4,50 M
Net income 2017 2,20 M
Finance 2017 0,90 M
Yield 2017 -
P/E ratio 2017 30,91
P/E ratio 2018 12,67
EV / Sales 2017 0,37x
EV / Sales 2018 0,32x
Capitalization 70,6 M
More Financials
Chart REWORLD MEDIA
Duration : Period :
Reworld Media Technical Analysis Chart | ALREW | FR0010820274 | 4-Traders
Full-screen chart
Technical analysis trends REWORLD MEDIA
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Technical analysis
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Pascal Chevalier Chairman
Gautier Normand Chief Operating Officer
Pablo Nowenstein International Director
Jeremy Parola Director-Web marketing
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
REWORLD MEDIA68.60%79
NEWS CORP18.59%7 999
ZHEJIANG DAILY DIGITAL..8.72%3 673
NEW YORK TIMES CO30.83%2 848
FAIRFAX MEDIA LIMITED36.52%2 123
DB CORP LTD0.00%1 092
More Results