oOh!media Limited

Section1: Company Overview and Fundamental Insights

1.1 Company Overview: oOh!media Limited (ASX: OML) is an Australian company operating on a concept of out-of-home (OOH) media. With the 37,000 digital and static asset locations, it enhances public spaces through creating engaging environments that help advertisers, landlords, leaseholders, community organisations, local councils and governments reach large and diverse public audiences. Kalkine’s Growth Report covers the Investment Highlights, Management Insights, Key Financial Metrics, Risks, Outlook, Technical Analysis along with the Valuation, Target Price, and Recommendation on the stock.

1.2 The Key Positives, Negatives, Investment Highlights and Risks

1.3 Top 10 Shareholders:

The top 10 shareholders collectively form ~52.05% of the total shareholdings. Perpetual Investment Management Limited holds the maximum number of shares with ~9.62% shareholding, followed by Yarra Funds Management Limited with ~6.99%, as depicted in the chart below: 

1.4 Key Metrics:

OML has turned around it’s negative ROE of -1.3% in FY21 to +3.9% in FY22. Below mentioned are some metrics:

Section 2:  Business Updates and Financial Highlights

2.1 Recent Developments: The below picture shows the recent updates:

2.2 Key Takeaways from Recent Results:

2.3 Historical Trend:

Section 3:  Key Risks and Outlook

Section 4: Stock Recommendation Summary

4.1 Price Performance and Technical Summary:

The stock has witnessed a fall of ~27.93% in 3 months and over the last 6 months, it has decreased by ~9.92%. The stock has a 52-week low and 52-week high of AUD 0.980 and AUD 1.733, respectively and is currently trading below the average of 52-week high-low average. OML was last covered in a report dated ‘30 May 2023’.

4.2 Fundamental Valuation

Valuation Methodology: P/E Multiple Based Relative Valuation (Illustrative)

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is 20 June 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Dividend Yield may vary as per the stock price movement.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock. 

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock. 

Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.

Disclaimer

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