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General information

Sector: Consumer Services

The company is not available at Interactive Brokers

African Media Entertainment (JSE:AME) is a vibrant media company with two core focus areas. On the one side are its valuable radio assets, and on the other a rich portfolio of digital media services, publishing and business broadcasting assets.

Each arm of the business is complimentary to the other.

On the radio front, AME owns two unique and distinct brands: Algoa FM, which broadcasts from the Garden Route to the Wild Coast; and OFM, which broadcasts in the Free State, North West Province, Northern Cape and Southern Gauteng.

The company also has a strategic interest in Classic 1027, South Africa’s only commercial classical music radio station which broadcasts across Gauteng.

On the digital and media front it owns United Stations, a specialist radio sales house; MediaHeads 360, a strategic marketing and content producer, Moneyweb, whose flagship product moneyweb.co.za is South Africa’s premier online source of investment information and the Central Media Group which includes Digital Platforms and Mahareng Publishing.



  • Pretty weak financial results growth rate 1.3% (average between last period year over year growth for revenue and EBITDA), there is acceleration compared to average historical growth rates (0.1%)
  • Dividend yield for the last twelve months 0.0%
  • Free cash flow yield 8.5% (LTM)
  • Share price is 64.8% higher than minimum and 19.2% lower than maximum for the last 3 years
  • The company is overvalued by EV / LTM EBITDA multiple compared to target level (4.1x vs
    )
  • Fundamental value created in LTM (estimate)

Key Financials

Share price, ZAR:  (0.0%)39.99
Share price, USD: 2.28
Common stocks: 6 950 000

Dividend Yield:  0.0%
FCF Yield LTM: 8.5%
EV / LTM EBITDA: 4.1x
Last revenue growth (y/y):  -5.7%
Last growth of EBITDA (y/y):  +8.4%
Historical revenue growth:  +0.5%
Historical growth of EBITDA:  +13.5%
Target EV / EBITDA (hist percentile):
Fundamental value created in LTM:
EV / LTM EBITDA mutiple calculation
Market Cap ($m): 16
Net Debt ($m): -2
EV (Enterprise Value): 14
EBITDA LTM ($m): 3
EV / LTM EBITDA: 4.1x
Price to Book: 1.17x

Revenue and EBITDA

Semi-Annual values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment ZAR per share

Multiple and potential

EV / EBITDA

Potential dynamics

More information for subscribed users:
detailed calculation of
Potential and Created Value,
website traffic data

Releases

2022-07-27
Distribution of Annual Report, No Change Statement, Notice of AGM & Availability of B-BBEE Annual Compliance Report
2022-06-02
Reviewed Results for the year ended 31 March 2022
2022-05-26
Trading Statement
2021-11-24
Interim results for the six months ended 30 September 2021
2021-11-16
Trading Statement
2021-08-30
Results of Annual General Meeting ("the AGM")
2021-07-21
Distribution of Annual Report, No Change Statement and Notice of Annual General Meeting
2021-07-12
Appointment of Non-Executive Director
2021-06-02
Reviewed results for the year ended 31 March 2021
2021-05-25
Trading Statement
2020-11-24
Unaudited Interim Results for the six months ended 30 September 2020
2020-11-17
Trading Statement
2020-08-28
Results of Annual General Meeting ("AGM")
2020-08-07
Notification in terms of Section 122 of the Companies Act, 2008
2020-08-03
Change of Name of Sponsor

SENS Announcements

2024-08-29
Results of Annual General Meeting ("the AGM")
2024-08-16
Supplementary - Distribution of Annual Report, No Change Statement and Notice of Annual General Meeting
2024-07-26
Distribution of Annual Report, No Change Statement and Notice of Annual General Meeting
2024-05-31
Reviewed results for the year ended 31 March 2024 and Declaration of Final Dividend No. 22
2024-05-28
Trading Statement
2023-11-23
Unaudited Interim Results for the six months ended 30 September 2023
2023-11-15
Trading Statement
2023-08-24
Change of Auditors
2023-08-24
Results of Annual General Meeting ("AGM")
2023-07-26
Posting IAR,, No Change Statement, Notice of AGM & BBBEE Annual Compliance Report
2023-06-02
Reviewed Results for the year ended 31 March 2023
2023-05-25
Trading Statement
2023-03-03
Repurchase of Ordinary Shares
2023-01-24
Repurchase of Ordinary Shares
2022-11-23
Unaudited interim results for the six months ended 30 September 2022
2022-11-15
Trading Statement
2022-11-08
Change to the board of directors: New Appointment
2022-11-01
Change to the Board of Directors: New Appointment: Erratum
2022-10-31
Change to the board of directors: New Appointment
2022-08-31
Change to the Board of Directors: New Appointment
2022-08-25
Results of Annual General Meeting ("the AGM")
2022-07-27
Distribution of Annual Report, No Change Statement, Notice of AGM & Availability of B-BBEE Annual Compliance Report
2022-06-02
Reviewed Results for the year ended 31 March 2022
2022-05-26
Trading Statement