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Brightcom Group

NSEI:BCG
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BCG
NSEI
₹2B
Market Cap
  1. Home
  2. IN
  3. Media
Company description

Brightcom Group Limited provides digital marketing services to businesses, agencies, and online publishers worldwide. The last earnings update was 75 days ago. More info.


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  • Brightcom Group has significant price volatility in the past 3 months.
BCG Share Price and Events
7 Day Returns
-15.9%
NSEI:BCG
3.8%
IN Interactive Media and Services
-0.1%
IN Market
1 Year Returns
66.7%
NSEI:BCG
55.7%
IN Interactive Media and Services
10.4%
IN Market
BCG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Brightcom Group (BCG) -15.9% -25.2% 79.2% 66.7% -40.3% -
IN Interactive Media and Services 3.8% 4.9% 10.5% 55.7% 72.5% 135.7%
IN Market -0.1% 1.8% 3.7% 10.4% 21.7% 23.4%
1 Year Return vs Industry and Market
  • BCG outperformed the Interactive Media and Services industry which returned 55.7% over the past year.
  • BCG outperformed the Market in India which returned 10.4% over the past year.
Price Volatility
BCG
Industry
5yr Volatility vs Market

Value

 Is Brightcom Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Brightcom Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Brightcom Group.

NSEI:BCG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 15.1%
Perpetual Growth Rate 10-Year IN Government Bond Rate 6.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:BCG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 6.5%
Equity Risk Premium S&P Global 7.9%
Interactive Media and Services Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.038 (1 + (1- 35%) (15.25%))
1.094
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 6.48% + (1.094 * 7.85%)
15.07%

Discounted Cash Flow Calculation for NSEI:BCG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Brightcom Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NSEI:BCG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 15.07%)
2020 6,329.30 Est @ 61.43% 5,500.39
2021 9,174.19 Est @ 44.95% 6,928.55
2022 12,239.06 Est @ 33.41% 8,032.67
2023 15,339.12 Est @ 25.33% 8,748.82
2024 18,357.01 Est @ 19.67% 9,098.89
2025 21,242.02 Est @ 15.72% 9,149.97
2026 23,991.87 Est @ 12.95% 8,981.01
2027 26,632.34 Est @ 11.01% 8,663.78
2028 29,201.83 Est @ 9.65% 8,255.54
2029 31,741.68 Est @ 8.7% 7,798.35
Present value of next 10 years cash flows ₹81,157.00
NSEI:BCG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₹31,741.68 × (1 + 6.48%) ÷ (15.07% – 6.48%)
₹393,456.63
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹393,456.63 ÷ (1 + 15.07%)10
₹96,665.12
NSEI:BCG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹81,157.00 + ₹96,665.12
₹177,822.12
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹177,822.12 / 476.25
₹373.38
NSEI:BCG Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:BCG represents 1.00636x of BSE:532368
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00636x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 373.38 x 1.00636
₹375.75
Value per share (INR) From above. ₹375.75
Current discount Discount to share price of ₹4.75
= -1 x (₹4.75 - ₹375.75) / ₹375.75
98.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Brightcom Group is available for.
Intrinsic value
>50%
Share price is ₹4.75 vs Future cash flow value of ₹375.75
Current Discount Checks
For Brightcom Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Brightcom Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Brightcom Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Brightcom Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Brightcom Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:BCG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in INR ₹9.12
BSE:532368 Share Price ** BSE (2020-01-28) in INR ₹4.72
Asia Interactive Media and Services Industry PE Ratio Median Figure of 71 Publicly-Listed Interactive Media and Services Companies 30.3x
India Market PE Ratio Median Figure of 2,641 Publicly-Listed Companies 13.94x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Brightcom Group.

NSEI:BCG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:532368 Share Price ÷ EPS (both in INR)

= 4.72 ÷ 9.12

0.52x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Brightcom Group is good value based on earnings compared to the Asia Interactive Media and Services industry average.
  • Brightcom Group is good value based on earnings compared to the India market.
Price based on expected Growth
Does Brightcom Group's expected growth come at a high price?
Raw Data
NSEI:BCG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 0.52x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Interactive Media and Services Industry PEG Ratio Median Figure of 30 Publicly-Listed Interactive Media and Services Companies 2x
India Market PEG Ratio Median Figure of 410 Publicly-Listed Companies 1.29x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Brightcom Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Brightcom Group's assets?
Raw Data
NSEI:BCG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in INR ₹68.41
BSE:532368 Share Price * BSE (2020-01-28) in INR ₹4.72
India Interactive Media and Services Industry PB Ratio Median Figure of 5 Publicly-Listed Interactive Media and Services Companies 3.4x
India Market PB Ratio Median Figure of 3,588 Publicly-Listed Companies 0.9x
NSEI:BCG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:532368 Share Price ÷ Book Value per Share (both in INR)

= 4.72 ÷ 68.41

0.07x

* Primary Listing of Brightcom Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Brightcom Group is good value based on assets compared to the IN Interactive Media and Services industry average.
X
Value checks
We assess Brightcom Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Interactive Media and Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Interactive Media and Services industry average (and greater than 0)? (1 check)
  5. Brightcom Group has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Brightcom Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Brightcom Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
18.4%
Expected Interactive Media and Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Brightcom Group expected to grow at an attractive rate?
  • Unable to compare Brightcom Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Brightcom Group's earnings growth to the India market average as no estimate data is available.
  • Unable to compare Brightcom Group's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:BCG Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Interactive Media and Services Industry Earnings Growth Rate Market Cap Weighted Average 18.4%
Asia Interactive Media and Services Industry Revenue Growth Rate Market Cap Weighted Average 17.1%
India Market Earnings Growth Rate Market Cap Weighted Average 19.2%
India Market Revenue Growth Rate Market Cap Weighted Average 8.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:BCG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:BCG Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-09-30 26,193 6,729 4,344
2019-06-30 26,106 4,359
2019-03-31 25,802 5,098 4,440
2018-03-31 24,207 3,148 4,070
2017-03-31 24,513 1,514 4,292

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Brightcom Group is high growth as no earnings estimate data is available.
  • Unable to determine if Brightcom Group is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:BCG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Brightcom Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:BCG Past Financials Data
Date (Data in INR Millions) EPS *
2019-09-30 9.12
2019-06-30 9.15
2019-03-31 9.32
2018-03-31 8.55
2017-03-31 9.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Brightcom Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Brightcom Group is trading at Brightcom Group'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Brightcom Group's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Media companies here
  3. Brightcom Group's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Brightcom Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Brightcom Group has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Brightcom Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Brightcom Group's growth in the last year to its industry (Interactive Media and Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Brightcom Group's year on year earnings growth rate has been positive over the past 5 years.
  • Brightcom Group's 1-year earnings growth is less than its 5-year average (2.1% vs 6.8%)
  • Brightcom Group's earnings growth has exceeded the Asia Interactive Media and Services industry average in the past year (2.1% vs -0.4%).
Earnings and Revenue History
Brightcom Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Brightcom Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:BCG Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 26,193.48 4,344.46 1,052.96
2019-06-30 26,106.20 4,358.96
2019-03-31 25,802.41 4,439.76 1,052.96
2018-03-31 24,207.43 4,070.06 962.13
2017-03-31 24,513.19 4,292.46 1,031.96
2016-03-31 22,558.99 3,995.11 896.46
2015-12-31 22,268.73 3,983.51 1,712.04
2015-09-30 21,042.71 3,720.51 1,712.04
2015-06-30 19,993.77 3,493.67
2015-03-31 19,570.04 3,422.18 1,602.48
2014-12-31 19,201.37 3,000.25 1,734.42
2014-09-30 17,868.53 2,674.51 1,734.42
2014-06-30 17,292.63 2,427.31
2014-03-31 16,733.74 2,209.63 1,734.42
2013-12-31 16,373.83 666.37 3,141.66
2013-09-30 15,987.70 606.80 3,141.66
2013-06-30 16,211.34 531.34
2013-03-31 16,010.50 509.95 3,144.17

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Brightcom Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Brightcom Group used its assets more efficiently than the Asia Interactive Media and Services industry average last year based on Return on Assets.
  • Brightcom Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Brightcom Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Interactive Media and Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Brightcom Group has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Brightcom Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Brightcom Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Brightcom Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Brightcom Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Brightcom Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 65.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Brightcom Group Company Filings, last reported 3 months ago.

NSEI:BCG Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 32,644.44 360.21 1,077.50
2019-06-30 30,037.57 670.24 1,026.35
2019-03-31 30,037.57 670.23 1,025.79
2018-03-31 28,252.08 767.65 893.64
2017-03-31 24,085.53 791.79 804.91
2016-03-31 20,319.56 811.75 594.45
2015-12-31 17,583.71 710.21 887.06
2015-09-30 17,583.71 710.21 887.06
2015-06-30 15,299.12 770.21 561.06
2015-03-31 15,299.12 944.58 561.06
2014-12-31 13,125.79 966.17 448.93
2014-09-30 13,125.79 966.17 448.93
2014-06-30 11,592.01 1,598.71 430.45
2014-03-31 11,592.01 1,578.98 430.45
2013-12-31 11,869.72 1,646.51 386.94
2013-09-30 11,869.72 1,646.51 386.94
2013-06-30 10,382.12 1,762.67 942.43
2013-03-31 10,382.12 1,875.17 942.43
  • Brightcom Group's level of debt (1.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (7.4% vs 1.1% today).
  • Debt is well covered by operating cash flow (1868.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 61.4x coverage).
X
Financial health checks
We assess Brightcom Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Brightcom Group has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Brightcom Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Brightcom Group dividends.
If you bought ₹2,000 of Brightcom Group shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Brightcom Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Brightcom Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:BCG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Asia Interactive Media and Services Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 0.4%
India Market Average Dividend Yield Market Cap Weighted Average of 1392 Stocks 1.3%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 2.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:BCG Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-11-30 0.000 0.000
2016-05-30 0.100 1.239
2014-02-13 0.000 0.000
2013-11-08 0.000 0.000
2013-09-04 0.000 0.000
2012-11-05 0.200 1.480
2012-09-11 0.200 0.261

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Brightcom Group has not reported any payouts.
  • Unable to verify if Brightcom Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Brightcom Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Brightcom Group has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Brightcom Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Brightcom Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Brightcom Group has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Brightcom Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Muthukuru Suresh Reddy
COMPENSATION ₹0
AGE 53
TENURE AS CEO 7.6 years
CEO Bio

Mr. Muthukuru Suresh Kumar Reddy co-founded Lycos Internet Limited (formerly Ybrant Digital Limited) in 1999 and has been its Chairman and Chief Executive Officer/Managing Director since June 26, 2012. Mr. Reddy serves as the Chairman, Chief Executive Officer and Director of Pennyweb, Inc. Mr. Reddy was a consultant to Charles Schwab, Pacific Bell, Chrysler and Caterpillar. Prior to co-founding two successful companies USAGreetings and Ybrant Technologies, Mr. Reddy worked in various roles across different industries in Fortune 500 companies, such as Caterpillar, Chrysler, SBC(PacBell) and Charles Schwab. He has an extensive cross-industry experience. He has been involved in the area of Strategic Management, online marketing content and delivery for over a decade. He has been an Executive Director of Lycos Internet Limited since November 30, 2006. Mr. Reddy holds M.S. in Engineering from the Iowa State University and B. Tech. from the Indian Institute of Technology, Kharagpur.

CEO Compensation
  • Insufficient data for Muthukuru Suresh to compare compensation growth.
  • Muthukuru Suresh's remuneration is lower than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Brightcom Group management team in years:

4.3
Average Tenure
52.5
Average Age
  • The tenure for the Brightcom Group management team is about average.
Management Team

Muthukuru Suresh Reddy

TITLE
Founder
AGE
53
TENURE
7.6 yrs

Vijay Kancharla

TITLE
Founder
AGE
52

Jacob Nizri

TITLE
President

Brad Cohen

TITLE
President & Chief Strategy Officer
AGE
48

Y. Rao

TITLE
Chief Financial Officer
COMPENSATION
₹2M
TENURE
5 yrs

Yaniv Atia

TITLE
Chief Technology Officer and General Manager of Fusion Division

K. Rajesh

TITLE
Investor Relationship Officer

Manohar Mallama

TITLE
Company Secretary & Compliance Officer
TENURE
0.4 yrs

Yerradoddi Reddy

TITLE
Group CFO & Executive Director of Finance
COMPENSATION
₹3M
AGE
53
TENURE
3.7 yrs

Krishna Sudunugunta

TITLE
General Manager of Indian Operations
COMPENSATION
₹640K
Board of Directors Tenure

Average tenure and age of the Brightcom Group board of directors in years:

3.4
Average Tenure
52
Average Age
  • The tenure for the Brightcom Group board of directors is about average.
Board of Directors

Muthukuru Suresh Reddy

TITLE
Founder
AGE
53

Vijay Kancharla

TITLE
Founder
AGE
52
TENURE
7.6 yrs

Raghu Allamsetty

TITLE
Non-Executive Independent Director
COMPENSATION
₹100K
AGE
52
TENURE
3.1 yrs

Jayalakshmi Kumari Kanukollu

TITLE
Independent Director
COMPENSATION
₹100K
AGE
51
TENURE
3.7 yrs

Surabhi Sinha

TITLE
Non-Executive Independent Director
COMPENSATION
₹60K
AGE
53
TENURE
1.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Brightcom Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Brightcom Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Does Brightcom Group Limited's (NSE:BCG) Past Performance Indicate A Stronger Future? Does Brightcom Group Limited's (NSE:BCG) Recent Track Record Look Strong?

View our latest analysis for Brightcom Group Did BCG beat its long-term earnings growth trend and its industry? … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 9.0%, indicating the rate at which BCG is growing has slowed down. … I suggest you continue to research Brightcom Group to get a more holistic view of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for BCG’s future growth?

Simply Wall St -

Is Brightcom Group (NSE:BCG) Using Too Much Debt?

We note that Brightcom Group Limited (NSE:BCG) does have debt on its balance sheet. … Brightcom Group may have net cash on the balance sheet, but it is still interesting to look at how well the business converts its earnings before interest and tax (EBIT) to free cash flow, because that will influence both its need for, and its capacity to manage debt. … Summing up While it is always sensible to investigate a company's debt, in this case Brightcom Group has ₹356m in net cash and a strong balance sheet.

Simply Wall St -

Can We See Significant Insider Ownership On The Brightcom Group Limited (NSE:BCG) Share Register?

As Charlie Munger said 'Show me the incentive and I will show you the outcome.' Brightcom Group is a smaller company with a market capitalization of ₹1.5b, so it may still be flying under the radar of many institutional investors. … View our latest analysis for Brightcom Group NSEI:BCG Ownership Summary, August 3rd 2019 What Does The Institutional Ownership Tell Us About Brightcom Group? … Insider Ownership Of Brightcom Group The definition of an insider can differ slightly between different countries, but members of the board of directors always count.

Simply Wall St -

Read This Before You Buy Brightcom Group Limited (NSE:BCG) Because Of Its P/E Ratio

View our latest analysis for Brightcom Group How Do I Calculate A Price To Earnings Ratio? … The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Brightcom Group: P/E of 0.43 = ₹4 ÷ ₹9.32 (Based on the year to March 2019.) Is A High Price-to-Earnings Ratio Good? … The Bottom Line On Brightcom Group's P/E Ratio Brightcom Group trades on a P/E ratio of 0.4, which is below the IN market average of 15.4.

Simply Wall St -

Why We Think Brightcom Group Limited (NSE:BCG) Could Be Worth Looking At

If you're interested in understanding beyond my broad commentary, take a look at the report on Brightcom Group here. … Take a look at our free research report of analyst consensus for BCG’s outlook. … Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.

Simply Wall St -

Want To Invest In Brightcom Group Limited (NSE:BCG)? Here's How It Performed Lately

Check out our latest analysis for Brightcom Group How Did BCG's Recent Performance Stack Up Against Its Past? … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 12%, indicating the rate at which BCG is growing has slowed down. … I suggest you continue to research Brightcom Group to get a better picture of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for BCG’s future growth?

Simply Wall St -

Should You Like Brightcom Group Limited’s (NSE:BCG) High Return On Capital Employed?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Read This Before You Buy Brightcom Group Limited (NSE:BCG) Because Of Its P/E Ratio

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … Brightcom Group has a price to earnings ratio of 0.37, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Imagine Owning Brightcom Group And Trying To Stomach The 87% Share Price Drop

While it may not be enough for some shareholders, we think it is good to see the Brightcom Group Limited (NSE:BCG) share price up 20% in a single quarter. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … During the unfortunate three years of share price decline, Brightcom Group actually saw its earnings per share (EPS) improve by 5.9% per year.

Simply Wall St -

Is Brightcom Group Limited’s (NSE:BCG) 21% ROCE Any Good?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Company Info

Description

Brightcom Group Limited provides digital marketing services to businesses, agencies, and online publishers worldwide. It operates through Digital Marketing and Software Development segments. The company connects advertisers with their audience across various forms of digital media to deliver messages to the right audience. It also provides software development and implementation services. The company was formerly known as Lycos Internet Limited and changed its name to Brightcom Group Limited in September 2018. Brightcom Group Limited was incorporated in 1999 and is based in Hyderabad, India.

Details
Name: Brightcom Group Limited
BCG
Exchange: NSEI
Founded: 1999
₹2,362,207,435
476,251,499
Website: http://brightcomgroup.com
Address: Brightcom Group Limited
Fairfield by Marriott,
5th Floor,
Hyderabad,
Andhra Pradesh, 500032,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 532368 Equity Shares Mumbai Stock Exchange IN INR 15. Jun 2012
NSEI BCG Equity Shares National Stock Exchange of India IN INR 15. Jun 2012
Number of employees
Current staff
Staff numbers
0
Brightcom Group employees.
Industry
Interactive Media and Services
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/01/28 13:08
End of day share price update: 2020/01/28 00:00
Last earnings filing: 2019/11/14
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.