Risk factor
Very poor trading liquidity
Profitability factor
Undervalued vs peers
About
Zee Media Corporation Limited, established in 1999 and based in Noida, India, is a leading Indian media company primarily focused on broadcasting satellite television channels across the nation. In addition to its core broadcasting activities, the company also generates revenue through the sale of television programs and content, as well as providing advertising and subscription services. The company's extensive television network reaches an estimated 190 million viewers via 14 news channels spanning eight languages. This lineup includes WION, a global English news channel; three national news channels: Zee News, Zee Hindustan, and Zee Business; and ten regional news channels such as Zee 24 Taas, Zee Punjab Haryana Himachal, Zee Madhya Pradesh Chattisgarh, Zee Rajasthan, Zee Odisha, Zee Bihar Jharkhand, Zee Salaam, Zee 24 Kalak, Zee Uttar Pradesh Uttarakhand, and Zee 24 Ghanta. Complementing its television presence, Zee Media operates a substantial digital ecosystem, encompassing 19 unique news platforms available in 12 languages. These platforms include prominent sites like zeenews.com/hindi, zeenews.com, wionews.com, zeehindustan.in, zeesalaam.in, zee24taas.in, zee24ghanta.com, zeephh.com, zeempcg.com, zeerajasthan.com, zeeodisha.tv, zeebiharjharkhand.com, zee24kalak.in, zeeupuk.com, zeehindustantamil.in, zeebiz.com, zeehindustantelugu.in, zeehindustankannada.in, and zeehindustanmalayalam.in. Furthermore, it manages mobile applications for key brands such as Zee News, Zee Business, and WION, collectively serving approximately 450 million users. The company was formerly known as Zee News Limited before adopting its current name, Zee Media Corporation Limited, in July 2013.
Company Valuation
Based on key historical and expected multiples, the stock is undervalued relative to its peers. In particular, the stock is underpriced on P/E, 'cheap' on EV/EBITDA, unde