UFO Moviez India Ltd is India’s largest digital cinema distribution network and in-cinema advertising platform in terms of number of screens.
Consolidated revenue for the lSt quarter stood at Rs.1536.80 million from Rs.1349.30 million, when compared with the prior year period, an
increase of l3.90%.
During the 1St quarter, net profit increased by 82.71% to Rs.l37.40 million from Rs.75.20 million in the corresponding quarter ending of previous year.
During the quarter, EBIDTA stood at Rs.408.60 million as against Rs.37l.50 million in the corresponding period of the previous year.
During the quarter, PBT stood at Rs.200.20 million as against Rs.115.20 million in the corresponding period of the previous year.
EPS of the company stood at Rs.4.98 in Q1 FY18 against Rs.2.72 in Q1 FY17.
Net Sales and PAT of the company are expected to grow at a CAGR of 9% and 8% over 2016 to 2019E.
OUTLOOK AND CONCLUSION
At the current market price of Rs. 403.45, the stock P/E ratio is at 14.94 x FY18E and 12.48 x F Y19E respectively.
Earning per share (EPS) of the company for the earnings for F Y1 SE and FY19E is seen at Rs. 27.01 and Rs. 32.32 respectively.
Net Sales and PAT of the company are expected to grow at a CAGR of 9% and 8% over 2016 to 2019E, respectively.
On the basis of EV/EBITDA, the stock trades at 4.59 x for F Y18E and 3.86 x for F Y19E.
Price to Book Value of the stock is expected to be at 1.71 x and 1.50 x for F Y18E and F Y19E respectively.
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Hence, we say that, we are Overweight in this particular scrip for Medium to Long term investment.
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