Risk factor
Very high price volatility
Profitability factor
Very low or no dividends
About
MCOT Public Company Limited, along with its subsidiaries, stands as a significant mass media enterprise in Thailand. Its operations are diversified across television, radio broadcasting, digital terrestrial television, and a growing portfolio of digital and new business ventures. The company is responsible for delivering digital terrestrial television broadcasting network services, which include high-definition variety channels and standard-definition family programming. This content spans a wide range, from news and current affairs reports to entertainment, educational shows, general knowledge segments, and sports coverage. Specific channels, such as Modernine Television Station and 9 MCOT HD Channel 30, are part of this offering. In the radio sector, MCOT manages the production, marketing, and distribution of a variety of informative and entertaining programs. These broadcasts reach audiences through a robust network of 62 central and regional FM and AM stations. Programming covers diverse topics including politics, economic developments, societal issues, international relations, technology, personal well-being, music, sports, tourism, health, recreational activities, and local news, catering to both broad public and specific community interests. Beyond traditional broadcasting, MCOT is actively involved in generating, collecting, storing, and distributing news and information. This content is disseminated across multiple platforms, including its Modernine Television Station, 9 MCOT HD Channel 30, radio network, and various electronic media like its website and social media. The company also engages in collaborations and news exchanges with foreign news agencies and other media organizations. Additionally, MCOT offers services such as satellite television rentals, television network infrastructure, and digital media solutions accessible via the internet and other platforms. It also operates an academic and training institute that provides a comprehensive selection of mass media courses. MCOT Public Company Limited was founded in 1977 and is headquartered in Bangkok, Thailand.
Company Valuation
Based on key historical and expected multiples, the stock is slightly undervalued relative to its peers. Specifically, the stock is underpriced on P/FCF.