Byzen Digital Inc
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BYZN Byzen Digital Inc
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Information Technology : IT Services |
Based in China
Company profile

Byzen Digital Inc. (formerly Emergency Pest Services Inc.) is a China-based company principally engaged in the development of a complete blockchain eco-system for Crypto requirements as its main objective. Byzen Digital Inc. has already made its first two acquisitions. Telecoin is a typical Crypto-currency company and Digi Ex is a company specialized in the marketing and promoting of Crypto-currencies. The Company help take its customers on a journey towards a much wider understanding of what Crypto and Blockchain technologies really are through its products. The Company also focuses to incorporate start-ups and small and medium-sized enterprises (SMEs) from the technology sectors, including cybersecurity, data storage, cloud-tech, analytics, software and digital applications.

Price
Delayed
$0.175
Day's Change
0.015 (9.37%)
Bid
--
Ask
--
B/A Size
--
Day's High
0.189
Day's Low
0.151
Volume
(Heavy Day)

Today's volume of 546,907 shares is on pace to be much greater than BYZN's 10-day average volume of 898,364 shares.

546,907

Broadcast Radio & Television Industry Near-Term Outlook Grim

9:44 am ET May 21, 2020 (Zacks) Print

The Zacks Broadcast Radio and Television industry comprises companies offering entertainment, sports, non-fiction and musical content over television, radio and digital media platforms. These companies majorly derive revenues from the sale of advertising slots as well as subscriptions.

Rapid proliferation of smartphones, improved Internet speed and penetration, and change in consumer viewing pattern have led to the emergence of streaming and video-on-demand services like Netflix (NFLX). This, in turn, has resulted in strong demand for content, which is original, regional, short and suitable for small screens (smartphones and tablets).

Here are the industry’s four major themes:

  • Industry participants are bearing the brunt of coronavirus-induced macroeconomic woes and heightened fears of a prolonged recession. The pandemic has bumped up unemployment, which is expected to increase cord-cutting. Moreover, postponement in production threatens to choke supply of new content. Additionally, advertising is a major source of revenues for this industry, which has been badly hit by the coronavirus. Lower ad demand and reduced spending are expected to hurt the top line in the near term. Moreover, the industry players are facing stiff competition from tech companies like Facebook (FB), Twitter, Alphabet (GOOGL)-division Google and Amazon for ad-dollars. This has been a major impediment for growth, which is expected to continue marring prospects.
     
  • Increase in cord cutting has forced industry participants to offer “skinny bundles.” These services, which are available through the Internet, often contain fewer channels than a traditional subscription and therefore, are cheaper. The move is in line with changing consumer viewing dynamics as growth in Internet penetration and advancements in mobile, video and wireless technologies have boosted small-screen viewing. The alternative services are expected to keep users glued to their platforms, thereby increasing the need to produce more content. Moreover, coronavirus-led lockdowns and shelter-in-place guidelines that compelled more people to stay at home have significantly increased viewership and audience base. However, the low-priced skinny bundles hurt top-line growth.
     
  • To adapt to the changes in the industry, companies like Fox Corporation (FOXA), ViacomCBS and Discovery (DISCA) are coming up with varied content for over-the-top (OTT) services, in addition to linear TV. Additionally, they are adding OTT services to their content portfolio. This is helping companies easily reach a global audience and expand their international user base. This, in turn, attracts advertisers to their platforms, thereby boosting ad revenues. Moreover, the use of services to help advertisers measure their ROI and enhance their use cases is expected to benefit advertisers and industry participants. Also, major leagues and events such as NFL, NHL, Olympics, European Games, EPL and elections attract significant ad dollars. However, cancellation of sports events due to the coronavirus outbreak is a major concern.
     
  • Many industry participants, who are either launching their own OTT services or acquiring other OTT services, are banking on user insights to deliver the right content. Increased digital viewing is making consumer data easily available to companies, thereby allowing them to apply AI and machine learning techniques to create/procure targeted content. The move not only boosts user engagement but also lets industry participants raise prices of their services at appropriate time without the fear of losing subscribers.

 
Zacks Industry Rank Indicates Dull Prospects

The Zacks Broadcast Radio and Television industry is housed within the broader Zacks Consumer Discretionary sector. It carries a Zacks Industry Rank #146, which places it in the bottom 43% of more than 250 Zacks industries.

The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates solid near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.

The industry’s positioning in the bottom 50% of the Zacks-ranked industries is a result of negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions it appears that analysts are pessimistic in this group’s earnings growth potential. Since May 31, 2019, the industry’s earnings estimate for the current year has moved down by almost 36.8%.

Before we present a few stocks you may want to consider, let’s take a look at the industry’s recent stock-market performance and valuation picture.

Industry Outperforms S&P 500 & Sector

The Zacks Broadcast Radio and Television industry has outperformed the Zacks S&P 500 composite as well as its own sector in the past year.

The stocks in this industry have collectively returned 4.2% compared with the S&P 500’s rise of 2.2%. However, the Zacks Consumer Discretionary sector has declined 10.5% in the same timeframe.

One Year Price Performance

 
 
 

Industry’s Current Valuation

On the basis of the trailing 12-month EV/EBITDA (Enterprise Value/ Earnings before Interest Tax Depreciation and Amortization), which is a commonly used multiple for valuing Broadcast Radio and Television stocks, the industry is currently trading at 22.55X versus the S&P 500’s 10.79X and the sector’s 9.69X.

Over the past five years, the industry has traded as high as 32.82X and as low as 17.57X, recording a median of 23.78X, as the chart below shows.

EV/EBITDA Ratio (TTM)

 



Stocks to Watch

The industry participants are expected to benefit from their diversified customer offerings, increased content consumption and Internet penetration, and technological advancement. However, increasing rate of cord-cutting and delay in production of movies and shows due to the coronavirus outbreak are major concerns in the near term.

Currently, none of the stocks in the Zacks Broadcast Radio and Television industry flaunt a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

However, Los Gatos, CA-based Netflix, which has a Zacks Rank #2 (Buy), is well positioned to grow in the near term. Shares of the streaming giant are up 38.3% on a year-to-date basis.

The Zacks Consensus Estimate for its 2020 earnings has moved up 6.6% to $6.42 per share over the past 30 days.

Price and Consensus: NFLX




We also present a stock with a Zacks Rank #3 (Hold) that investors may retain in their portfolios for now.

New York-based Fox Corporation is a news, sports and entertainment content provider. The stock has declined 25% on a year-to-date basis.

The Zacks Consensus Estimate for its fiscal 2020 earnings has moved up 6.7% to $2.39 per share over the past 30 days.

Price and Consensus: FOXA

 





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Netflix, Inc. (NFLX): Free Stock Analysis Report
 
Alphabet Inc. (GOOGL): Free Stock Analysis Report
 
Fox Corporation (FOXA): Free Stock Analysis Report
 
Facebook, Inc. (FB): Free Stock Analysis Report
 
Discovery, Inc. (DISCA): Free Stock Analysis Report
 
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