$568.2 M

HMTV Mkt cap, 22-May-2019

$35.1 M

Hemisphere Media Revenue Q1, 2019
Hemisphere Media Gross profit (Q1, 2019)24.9 M
Hemisphere Media Gross profit margin (Q1, 2019), %70.9%
Hemisphere Media Net income (Q1, 2019)-1.7 M
Hemisphere Media EBIT (Q1, 2019)11.2 M
Hemisphere Media Cash, 31-Mar-201986.2 M
Hemisphere Media EV687.7 M

Hemisphere Media Revenue

Hemisphere Media revenue was $147.08 m in FY, 2018

Embed Graph

Hemisphere Media Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

86.0m112.0m129.8m138.5m124.5m147.1m

Revenue growth, %

30%16%7%

Cost of goods sold

34.0m36.5m41.2m41.3m40.0m42.2m

Gross profit

52.1m75.5m88.6m97.2m84.5m104.9m

Gross profit Margin, %

61%67%68%70%68%71%

General and administrative expense

29.7m36.0m38.3m39.4m44.5m

Operating expense total

78.3m94.9m98.5m99.1m102.3m

Depreciation and amortization

8.8m17.2m16.6m16.2m16.1m

EBIT

7.7m26.0m34.9m40.0m25.4m44.7m

EBIT margin, %

9%23%27%29%20%30%

Interest expense

7.2m11.9m12.1m11.7m10.9m12.1m

Pre tax profit

(1.2m)13.0m22.8m28.4m5.3m(526.0k)

Income tax expense

(3.1m)(2.4m)(9.0m)(10.4m)(18.7m)(10.3m)

Net Income

(4.3m)10.6m13.7m18.0m(13.4m)(10.8m)

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Revenue

23.7m21.0m29.1m28.8m29.5m32.6m31.5m31.0m35.0m33.1m33.2m35.2m32.2m29.0m34.8m37.2m35.1m

Cost of goods sold

10.3m7.6m9.3m9.2m9.5m9.9m10.2m10.2m10.6m9.8m10.2m10.3m9.9m9.4m10.8m11.0m10.2m

Gross profit

13.4m13.4m19.8m19.6m20.0m22.7m21.2m20.8m24.4m23.3m22.9m24.9m22.3m19.6m24.0m26.2m24.9m

Gross profit Margin, %

57%64%68%68%68%70%67%67%70%70%69%71%69%68%69%70%71%

General and administrative expense

6.6m6.9m8.2m8.4m8.6m9.3m8.9m9.3m9.5m9.0m9.5m9.8m9.5m10.6m11.1m11.1m10.9m

Operating expense total

19.6m17.3m22.4m23.2m22.4m23.8m23.5m23.8m24.4m23.5m26.1m24.7m23.8m24.2m26.5m25.4m24.0m

Depreciation and amortization

2.6m2.6m4.8m4.7m4.3m4.1m4.1m4.1m4.0m4.0m4.0m4.0m4.1m

EBIT

4.1m3.6m6.6m5.6m7.1m8.8m8.0m7.2m10.7m9.6m7.1m10.5m8.4m4.8m8.3m11.8m11.2m

EBIT margin, %

17%17%23%19%24%27%25%23%30%29%21%30%26%17%24%32%32%

Interest expense

2.3m2.9m2.9m3.0m3.0m3.0m3.1m3.0m2.9m3.0m2.6m2.6m2.9m2.9m3.0m3.1m3.0m

Pre tax profit

85.1k740.0k3.7m1.4m4.1m5.8m4.9m4.2m7.8m6.6m4.4m8.0m2.4m(7.9m)(3.5m)2.2m823.0k

Income tax expense

(4.1m)(492.0k)1.6m(751.0k)(1.6m)(2.3m)(2.0m)(1.5m)(2.8m)(2.3m)(1.7m)(2.8m)(1.8m)323.0k(1.6m)(3.2m)(2.6m)

Net Income

(4.0m)248.0k5.3m663.0k2.5m3.4m2.9m2.7m5.0m4.3m2.7m5.2m682.0k(7.6m)(5.1m)(1.1m)(1.7m)

Hemisphere Media Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

176.6m142.0m179.5m163.1m124.3m94.5m

Accounts Receivable

Inventories

4.1m

Current Assets

204.2m185.8m216.9m203.5m166.7m144.8m

PP&E

24.7m23.9m25.4m25.5m24.4m32.2m

Goodwill

130.8m164.9m164.9m164.9m164.9m170.0m

Total Assets

446.6m518.4m551.2m530.4m497.9m501.3m

Accounts Payable

1.6m2.2m2.5m3.5m3.5m2.5m

Short-term debt

1.8m2.3m8.3m8.3m2.1m2.1m

Current Liabilities

30.2m28.0m39.9m30.1m31.6m39.9m

Long-term debt

170.7m219.5m211.6m210.3m205.5m204.0m

Total Debt

172.5m221.8m219.9m218.5m207.6m206.1m

Total Liabilities

205.9m272.5m261.1m259.0m267.9m

Common Stock

1.0k1.0k1.0k2.0k3.0k2.0k

Additional Paid-in Capital

240.8m246.9m256.6m261.1m265.3m270.3m

Retained Earnings

1.5m12.1m25.8m43.8m30.4m19.5m

Total Equity

240.8m256.4m278.6m269.3m238.9m233.4m

Debt to Equity Ratio

0.7 x0.9 x0.8 x0.8 x

Debt to Assets Ratio

0.4 x0.4 x0.4 x0.4 x

Financial Leverage

1.9 x2 x2 x2 x2.1 x2.1 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Cash

172.9m73.9m74.9m132.2m147.3m159.7m170.4m170.1m147.2m150.6m164.4m155.5m140.3m107.4m98.0m95.9m86.2m

Current Assets

201.2m201.3m114.9m171.4m188.5m203.5m214.4m208.4m186.7m191.5m204.4m199.2m184.1m152.0m148.1m147.2m134.9m

PP&E

25.1m24.4m24.3m23.9m23.2m23.8m24.9m25.6m25.6m25.8m24.8m24.8m24.6m25.4m29.2m32.4m34.4m

Goodwill

116.5m130.8m164.9m164.9m164.9m164.9m164.9m164.9m164.9m164.9m164.9m164.9m164.9m164.9m164.9m164.9m170.1m

Total Assets

431.5m442.2m455.9m509.4m518.2m530.2m539.0m540.2m516.9m520.7m527.5m533.7m525.8m490.4m491.3m497.4m496.9m

Accounts Payable

4.1m1.7m2.4m2.0m2.1m2.0m1.9m2.9m2.5m2.3m2.8m2.9m5.0m4.3m4.2m4.2m3.8m

Short-term debt

1.8m1.8m1.8m2.3m2.3m2.3m2.3m8.3m8.3m8.3m2.1m2.1m2.1m534.0k1.1m1.6m2.1m

Current Liabilities

20.1m24.3m22.9m24.1m23.4m26.7m34.0m25.8m25.4m24.9m26.6m26.6m28.4m30.2m35.6m40.4m36.1m

Long-term debt

171.1m170.4m170.0m220.0m219.1m218.6m218.1m211.7m211.8m211.9m206.7m206.3m205.9m205.1m204.7m204.3m203.6m

Total Debt

172.9m172.1m171.7m222.3m221.3m220.9m220.4m220.0m220.1m220.2m208.8m208.4m208.0m205.7m205.8m205.9m205.7m

Total Liabilities

195.2m199.6m207.2m258.6m258.0m260.6m265.0m259.2m260.5m259.5m254.4m254.9m255.7m256.9m263.3m269.7m265.5m

Common Stock

1.1k1.0k1.0k1.0k1.0k1.0k1.0k1.0k1.0k1.0k2.0k2.0k2.0k3.0k3.0k3.0k2.0k

Additional Paid-in Capital

240.8m242.3m244.1m245.5m248.2m255.2m256.8m257.5m258.4m258.9m262.1m263.2m264.4m266.3m267.3m268.3m270.7m

Retained Earnings

1.8m7.1m7.8m14.6m18.0m20.9m28.5m33.6m37.9m46.6m51.8m52.4m22.8m17.7m16.7m17.8m

Total Equity

236.3m242.6m248.7m250.8m260.2m269.6m274.1m281.0m256.3m261.2m273.2m278.8m270.0m233.5m228.0m227.7m231.4m

Debt to Equity Ratio

0.7 x0.7 x0.7 x0.9 x0.8 x0.8 x0.8 x0.9 x0.8 x0.8 x0.7 x0.9 x0.9 x0.9 x

Debt to Assets Ratio

0.4 x0.4 x0.4 x0.4 x0.4 x0.4 x0.4 x0.4 x0.4 x0.4 x0.4 x0.4 x0.4 x0.4 x

Financial Leverage

1.8 x1.8 x1.8 x2 x2 x2 x2 x1.9 x2 x2 x1.9 x1.9 x1.9 x2.1 x2.2 x2.2 x2.1 x

Hemisphere Media Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(4.3m)10.6m13.7m18.0m(13.4m)(10.8m)

Depreciation and Amortization

8.8m16.6m17.2m16.6m16.2m16.1m

Accounts Receivable

(1.0m)(7.4m)(1.7m)(453.0k)4.8m(9.8m)

Inventories

(3.0m)(4.4m)3.5m

Accounts Payable

563.0k610.0k287.0k1.1m(60.0k)(1.2m)

Cash From Operating Activities

7.0m23.3m42.2m27.4m25.7m36.8m

Cash From Investing Activities

(1.8m)(104.9m)(5.4m)(3.5m)(39.2m)(61.6m)

Long-term Borrowings

(90.0m)(21.9m)(2.2m)(8.3m)(2.1m)(2.1m)

Cash From Financing Activities

161.3m47.0m685.0k(40.4m)(25.3m)(5.0m)

Interest Paid

5.4m11.2m11.3m10.9m10.4m10.6m

Income Taxes Paid

4.0m4.4m5.8m15.0m10.1m8.0k

Free Cash Flow

5.2m26.2m36.8m24.1m23.2m26.2m

Hemisphere Media Ratios

USDY, 2019

EV/EBIT

61.6 x

EV/CFO

85.7 x

EV/FCF

134.6 x

Financial Leverage

2.1 x

Hemisphere Media Operating Metrics

FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017

Subscribers (Centroamerica TV)

3.70 m3.70 m3.90 m4 m4 m4 m4 m4.10 m4.10 m4.10 m

Subscribers (Cinelatino)

15 m15 m15 m15 m16 m16 m17 m17.50 m20 m20.60 m

Subscribers (Pasiones)

13.10 m13.10 m14.30 m14.10 m14.60 m15 m15 m15.60 m17.80 m18.10 m

Subscribers (Television Dominicana)

2.60 m2.60 m2.80 m3 m3 m3 m3.10 m3.20 m3.20 m3.30 m