Mondo TV profile pic

Mondo TV

MI: MTVI

Market Cap€68.9m

Last Close €1.58

Mondo TV is a global media group focused on the production, acquisition and exploitation of animated children’s television series. It owns the rights to >1,600 TV episodes and films, which it distributes across 75 markets.

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Investment summary

Mondo TV Group has had a strong start to the year, with continuing deals on its key properties, including MeteoHeroes, Grisù and Agent 203. New contracts include a first to develop, produce and distribute a video game based on MeteoHeroes for Sony from the group’s upgraded studio subsidiary in the Canary Islands. The funding round from Atlas, completed in Q121, has put the group on a sound financial footing. With its extensive library and a strong front list, Mondo TV is in a good position to benefit from the continued appetite for content from broadcasters and streamers.

Y/E Dec
Revenue (€m)
EBITDA (€m)
PBT (€m)
EPS (fd) (c)
P/E (x)
P/CF (x)
2019A 23.1 16.4 6.2 11.3 14.0 10.8
2020A 24.7 18.8 6.4 13.2 12.0 5.0
2021E 29.2 24.6 10.5 15.0 10.5 4.2
2022E 31.3 27.4 12.8 17.3 9.1 3.3
Industry outlook

Global appetite for children’s TV content remains good – if anything strengthened by the impact of COVID-19, with animation benefiting from the reduced filming of live action. Additional launches of new advertising and streaming video-on-demand platforms ensure that the appetite for quality content remains high, with children’s content particularly valued in order to attract household subscriptions. Licensing and merchandising markets have been more difficult.

Last updated on 21/06/2021
Content on Mondo TV
Mondo TV – MeteoHeroes are go for gaming
TMT | Outlook | 9 June 2021
Mondo TV research image
Mondo TV – The deals keep coming
TMT | Update | 7 April 2021
Mondo TV research image
Mondo TV – Tax settlement agreed
TMT | Flash note | 18 December 2020
Mondo TV research image
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Share price graph
Balance sheet
Forecast net cash (€m) 2.1
Forecast gearing ratio (%) N/A
Price performance
%
1m
3m
12m
Actual 5.5 15.3 (23.3)
Relative* 3.3 9.0 (41.2)
52-week high/low €2.1/€1.2
*% relative to local index
Key management
Matteo Corradi CEO
Carlo Marchetti FD