LGF
Lions Gate Entertainment Corp
TMT
10/03/2016
Presented
| Date | 09/29/2016 |
| Price | $20.31 |
| Market Cap | $3.04B |
| Ent Value | $4.53B |
| P/E Ratio | 290.14x |
| Book Value | $5.89 |
| Div Yield | 0.02% |
| Shares O/S | 149.61M |
| Ave Daily Vol | 3,160,329 |
| Short Int | 19.30% |
Current
| Price | $26.09 |
| Market Cap | $3.86B |
| Lions Gate Entertainment Corp. engages in motion picture production and distribution, television programming and syndication, home entertainment, family entertainment, digital distribution, new channel platforms and international distribution and sales. It operates through the Motion Pictures and Television Production segments. The Motion Pictures segment consists of the development and production of feature films, acquisition of North American and worldwide distribution rights, North American theatrical, home entertainment and television distribution of feature films produced and acquired, and worldwide licensing of distribution rights to feature films produced and acquired. It is composed of two sub segments: Production and Distribution. The Production segment includes financing motion pictures, as well as the development of a screenplay, the actual filming activities and post-filming editing and post-production process. The Distribution segment distributes motion pictures directly to United States movie theatres. The Television Production segment involves in the development, production and worldwide distribution of television productions, including television series, television movies and mini-series and non-fiction programming. The company was founded by Frank Guistra on April 28, 1997 and is headquartered in Santa Monica, CA. |
Public companies mentioned herein: Lions Gate Entertainment Corp (LGF) and AT&T/ DirecTV (T).
Highlights
The presenter believes that emerging clarity into Lions Gate’s debt financing following its Starz acquisition should inspire greater investor confidence going forward. The debt deal has yet to be finalized, but terms at this juncture look better than anticipated. While the presenter is generally cautious about stocks that trade on the success or failure of theatrical releases, Lions Gate has a strong slate of films scheduled for release over the next 6 months. Further, the Starz deal brings meaningful value to the table and should strongly position the company going forward as the pay TV landscape continues to evolve. Shares could trade to the $25-$28 level on very conservative assumptions.
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