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Lavo.tv

OB:LAVO-ME
Snowflake Description

Worrying balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LAVO-ME
OB
NOK5M
Market Cap
  1. Home
  2. NO
  3. Media
Company description

LAVO.TV AS provides video streaming service through its application. The last earnings update was 108 days ago. More info.


Add to Portfolio Compare Print
  • Lavo.tv has significant price volatility in the past 3 months.
LAVO-ME Share Price and Events
7 Day Returns
3.4%
OB:LAVO-ME
-0.2%
Europe Interactive Media and Services
4%
NO Market
1 Year Returns
-
OB:LAVO-ME
-14.3%
Europe Interactive Media and Services
-21.7%
NO Market
LAVO-ME Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Lavo.tv (LAVO-ME) 3.4% 11.9% -47.4% - - -
Europe Interactive Media and Services -0.2% -11.8% -19.1% -14.3% 5.9% -49.9%
NO Market 4% -4.3% -22% -21.7% -7.9% -8.7%
1 Year Return vs Industry and Market
  • No trading data on LAVO-ME.
  • No trading data on LAVO-ME.
Price Volatility
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Lavo.tv 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.

In this section, we usually try to help investors determine whether Lavo.tv is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Lavo.tv has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Lavo.tv. This is due to cash flow or dividend data being unavailable. The share price is NOK0.03.
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 Lavo.tv's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Lavo.tv's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:LAVO-ME PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in NOK NOK-0.76
OB:LAVO-ME Share Price ** OB (2020-04-08) in NOK NOK0.03
Europe Interactive Media and Services Industry PE Ratio Median Figure of 19 Publicly-Listed Interactive Media and Services Companies 25.48x
Norway Market PE Ratio Median Figure of 147 Publicly-Listed Companies 10.67x

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

** Primary Listing of Lavo.tv.

OB:LAVO-ME PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:LAVO-ME Share Price ÷ EPS (both in NOK)

= 0.03 ÷ -0.76

-0.04x

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

  • Lavo.tv is loss making, we can't compare its value to the Europe Interactive Media and Services industry average.
  • Lavo.tv is loss making, we can't compare the value of its earnings to the Norway market.
Price based on expected Growth
Does Lavo.tv's expected growth come at a high price?
Raw Data
OB:LAVO-ME PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.04x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Interactive Media and Services Industry PEG Ratio Median Figure of 12 Publicly-Listed Interactive Media and Services Companies 3.04x
Norway Market PEG Ratio Median Figure of 104 Publicly-Listed Companies 0.6x

*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 Lavo.tv, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Lavo.tv's assets?
Raw Data
OB:LAVO-ME PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in NOK NOK-0.50
OB:LAVO-ME Share Price * OB (2020-04-08) in NOK NOK0.03
Europe Interactive Media and Services Industry PB Ratio Median Figure of 40 Publicly-Listed Interactive Media and Services Companies 2.59x
Norway Market PB Ratio Median Figure of 248 Publicly-Listed Companies 0.78x
OB:LAVO-ME PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:LAVO-ME Share Price ÷ Book Value per Share (both in NOK)

= 0.03 ÷ -0.50

-0.06x

* Primary Listing of Lavo.tv.

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

  • Lavo.tv has negative assets, we can't compare the value of its assets to the Europe Interactive Media and Services industry average.

Next steps:

  1. When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Lavo.tv's regulatory filings and announcements.
  2. Show me more potentially undervalued companies in the Interactive Media and Services industry
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess Lavo.tv'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. Lavo.tv has a total score of 0/6, 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 Lavo.tv 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 Lavo.tv 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
15.5%
Expected Interactive Media and Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Lavo.tv expected to grow at an attractive rate?
  • Unable to compare Lavo.tv's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Lavo.tv's earnings growth to the Norway market average as no estimate data is available.
  • Unable to compare Lavo.tv's revenue growth to the Norway market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OB:LAVO-ME Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Interactive Media and Services Industry Earnings Growth Rate Market Cap Weighted Average 15.5%
Europe Interactive Media and Services Industry Revenue Growth Rate Market Cap Weighted Average 7.7%
Norway Market Earnings Growth Rate Market Cap Weighted Average 21.5%
Norway Market Revenue Growth Rate Market Cap Weighted Average 2.3%

*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
OB:LAVO-ME Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in NOK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:LAVO-ME Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2019-06-30 0 -21
2019-03-31 0 -25
2018-12-31 0 -15 -29
2017-12-31 0 -4 -9
2016-12-31 1 -2 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Lavo.tv is high growth as no earnings estimate data is available.
  • Unable to determine if Lavo.tv 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
OB:LAVO-ME Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Lavo.tv Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:LAVO-ME Past Financials Data
Date (Data in NOK Millions) EPS *
2019-06-30
2019-03-31
2018-12-31 -0.76
2017-12-31 -0.41
2016-12-31

*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 Lavo.tv will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Lavo.tv'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
  2. Lavo.tv's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Lavo.tv'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Lavo.tv 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 Lavo.tv 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 Lavo.tv'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.
  • Lavo.tv does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare Lavo.tv's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Lavo.tv's 1-year growth to the Europe Interactive Media and Services industry average as it is not currently profitable.
Earnings and Revenue History
Lavo.tv'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 Lavo.tv Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:LAVO-ME Past Revenue, Cash Flow and Net Income Data
Date (Data in NOK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 -0.10 -21.21 0.94
2019-03-31 -0.04 -25.00 0.94
2018-12-31 0.02 -28.80 0.94
2017-12-31 0.10 -8.82 0.19
2016-12-31 1.22 -0.63

*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.
  • It is difficult to establish if Lavo.tv has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Lavo.tv has efficiently used its assets last year compared to the Europe Interactive Media and Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Lavo.tv improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess Lavo.tv'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.
Lavo.tv has a total score of 0/6, 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 Lavo.tv'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 Lavo.tv's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Lavo.tv's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Lavo.tv has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Lavo.tv'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.
  • Lavo.tv has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 Lavo.tv Company Filings, last reported 9 months ago.

OB:LAVO-ME Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 -2.85 1.94 0.00
2019-03-31 -2.85 1.94 0.00
2018-12-31 -18.93 9.78
2017-12-31 0.12 1.76 0.01
2016-12-31 1.34 0.00 0.42
  • Lavo.tv has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Lavo.tv's debt level has increased considering it has negative shareholder equity.
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Lavo.tv's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Lavo.tv'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. Lavo.tv has a total score of 1/6, 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 Lavo.tv'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 Lavo.tv dividends.
If you bought NOK2,000 of Lavo.tv shares you are expected to receive NOK0 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 Lavo.tv's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Lavo.tv'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
OB:LAVO-ME 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
Europe Interactive Media and Services Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 1.8%
Norway Market Average Dividend Yield Market Cap Weighted Average of 104 Stocks 6.3%
Norway Minimum Threshold Dividend Yield 10th Percentile 2.1%
Norway Bottom 25% Dividend Yield 25th Percentile 3.7%
Norway Top 25% Dividend Yield 75th Percentile 7.8%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as Lavo.tv has not reported any payouts.
  • Unable to verify if Lavo.tv's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Lavo.tv's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Lavo.tv 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 Lavo.tv's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 2.1%) - 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 Lavo.tv afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Lavo.tv 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 Lavo.tv'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
Bernhard Steen
TENURE AS CEO 0.9 years
CEO Bio

Mr. Bernhard A. Steen has been Chief Executive Officer of Lavo.tv AS since May 2019 also he serves as Director. He was the Chief Financial Officer at Aller Internett AS. Steen started the website Dinside.no in 1997. He started the company Katalysator Media with others, before it was sold to Aller. In Aller, he became CEO of Aller Internet. Later he became CEO of Opplysningen 1881. In 2011 he became technology director at TVNorge and Discovery Networks, and he has also been CEO of Radio Norge.

CEO Compensation
  • Insufficient data for Bernhard to compare compensation growth.
  • Insufficient data for Bernhard to establish whether their remuneration is reasonable compared to companies of similar size in Norway.
Management Team

Bernhard Steen

TITLE
CEO & Director
TENURE
0.9 yrs

Harald Maalen

TITLE
Chief Technology Officer
Board of Directors

John Quinlan

TITLE
Chairman of the Board

Bernhard Steen

TITLE
CEO & Director

Xavier Latil

TITLE
Director
TENURE
1.5 yrs

Dag Skansen

TITLE
Director
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 (NOK) Value (NOK)
X
Management checks
We assess Lavo.tv'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. Lavo.tv 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

Company Info

Description

LAVO.TV AS provides video streaming service through its application. the company was founded in 2013 and is based in Oslo, Norway.

Details
Name: Lavo.tv AS
LAVO-ME
Exchange: OB
Founded: 2013
NOK4,555,139
151,837,972
Website: http://lavo.tv
Address: Lavo.tv AS
Akersgata 73,
Oslo,
Oslo, 0180,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB LAVO-ME Share Capital Oslo Bors NO NOK 20. Jun 2018
Number of employees
Current staff
Staff numbers
0
Lavo.tv employees.
Industry
Interactive Media and Services
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 02:15
End of day share price update: 2020/04/08 00:00
Last earnings filing: 2019/12/23
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


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.