Auteur(s) : Herpin Alexandre, Alcarria, Remi, Barbat, Pierre-Alain, Delville, Nathan
Directeur : Behnam Asl Elodie
Composante : EMS
Date de création : 30-06-2018

Description : Finance comptabilité, Time Warner is the third biggest entertainment and mass media company worldwide, developing its activities in TV channels and the movie industry. It’s a very interesting company for shareholders since its financial situation remains stable, with a growing dividend payout over the past few years. Shareholders trust is one of the most important factors in a company, and Time Warner is able to maintain this trust by having a revenue that is growing every year, as well as adapting its services to the new digital era (setting a legal streaming platform for example). Time Warner is a nice example of company that does the best for its shareholders and shows a real adaptability regarding the market changes. No doubt that Time Warner is one of the most profitable companies of its market: AT-T’s telecom giant was ready to buy Time Warner for about USD 80 billions, but antitrust laws forbid this fusion, because it would lead the group to an almost monopolistic situation. Yet Time Warner have to be very watchful on some indicators. First of all, total equity is growing faster than earning equity; that situation leads to a decrease of the ROE from 2015 to 2016. Indebtedness ratio have been superior to 1 during the 3 last periods, loans are not financeable with Timer Warner’s equity. This is the cause of various investments made in order to adapt to the new market demand. Fortunately, this situation was necessary for the continuity of the activity and hadn't any bad effects on the earnings of the shareholders. An increase of Net earnings group shares is even noticeable pushing the EPS ratio to a growth of about 0.5 points from 2014 to 2016. Considering the financial health of the company, it is advised to invest in it.
Mots-clés libres : Warner Music Group, Time Warner, financial analysis, analyse financière, case study, étude de cas, 650 Gestion et organisation de l'entreprise
Couverture : FR