Catalyst Media (CMX) AI Stock Analysis

• Market Cap: £10.43M
• Dividend Yield: 8%
• Average Volume (3M): 1.50K
• Price to Earnings (P/E): 27.2
• Beta (1Y): 0.50
• Revenue Growth: N/A
• EPS Growth: 36.30%
• Country: UK
• Employees: N/A
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Gambling, Resorts & Casinos
• EPS (TTM): 0.04
• Shares Outstanding: 20,851,929
• 10 Day Avg. Volume: 589
• 30 Day Avg. Volume: 1,497
• PEG Ratio: 0.86
• Price to Book (P/B): 0.39
• Price to Sales (P/S): 483.74
• P/FCF Ratio: 23.13
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 58 Neutral
• Price Target: 57.00p ▲(14.00% Upside)
• Action: Reiterated Date: 01/04/26
• Date: Action: Reiterated 01/04/26

The score is held back primarily by weak operating fundamentals (persistently negative EBIT, minimal/flat revenue) and volatile earnings/cash flow quality, despite a conservatively financed balance sheet. Technicals provide some support via positive momentum, but the very high RSI points to near-term overbought risk. Valuation is mixed: an attractive dividend yield is offset by a relatively high P/E given the volatility.

Positive Factors

Conservative balance sheet

A near-zero debt profile and sizable equity give the company durable financial flexibility: lower default risk, ability to fund operations and strategic moves without reliance on external leverage, and headroom to absorb shocks — important given weak operating cash generation historically.

Positive ROE in recent years

Positive ROE in recent years indicates the company can generate shareholder returns when earnings and non-operating items align. This demonstrates an ability to monetize assets and supports long-term equity stability, offering a foundation for recovery if core operations improve.

Improved cash generation (2025)

The strong operating cash inflow in 2025 — after several years of negative OCF — shows the business can produce cash under certain conditions. If management sustains this conversion, the company gains medium-term ability to fund capex, dividends or strategic initiatives without new debt.

Negative Factors

Persistent operating losses

Consistently negative operating profit means the core business does not generate operating earnings, implying reliance on non-operating items for reported profits. This undermines margin sustainability, limits reinvestment capacity, and raises structural questions about business model viability.

Flat, very low revenue

Persistently flat and very low top-line restricts scale benefits and makes it hard to improve operating leverage. Without clear revenue growth, the company faces constrained margin expansion, limited pricing power, and weaker competitiveness over the medium term.

Earnings and cash volatility

Wild swings in net income and inconsistent free cash flow create forecasting and planning risk. Volatility erodes earnings quality, complicates capital allocation and dividend policy, and increases the chance that recent positive results may not be sustainable over the next several quarters.

Catalyst Media Business Overview & Revenue Model

Company Description

Catalyst Media Group plc engages in the supply of products and services to the online and retail betting markets in the United Kingdom and internationally. The company provides horseracing, British greyhound, and other services; and supplies content and services, including early morning and additional evening products. It also offers racing channels, such as horseracing, greyhound racing, virtual racing, and mixed channels for retail and online operators; e-sports services; and numbers draws and virtuals products online. The company was incorporated in 2000 and is based in London, the United Kingdom.

How the Company Makes Money

Catalyst Media (CMX) generates revenue through a multi-faceted business model that includes content production services, digital marketing campaigns, and distribution partnerships. Key revenue streams include fees from video production and editing services provided to businesses and individual clients, subscription-based access to exclusive content, and advertising revenue generated from digital marketing initiatives. CMX also collaborates with strategic partners to expand its reach and enhance its distribution capabilities, further contributing to its earnings. Additionally, the company leverages its expertise in interactive media to offer consulting services, providing another avenue for income.

Catalyst Media Financial Statement Overview

Summary

Low leverage and sizable equity support stability, but fundamentals are mixed: revenue is flat at a very low level and EBIT is negative in every year shown, while net income is highly volatile and appears driven by non-operating items. Cash flow is also inconsistent (negative operating cash flow in 2021–2024, strong positive in 2025), raising concerns about earnings durability.

Income Statement

Revenue is flat at a very low level across all reported years, indicating limited operating scale. Profitability is volatile: net income swings from losses (2020–2021) to extremely large profits (2022–2023) and remains positive in 2024–2025, while operating profit is consistently negative (EBIT below zero in every year shown). Margins therefore look strong at the net level but weak at the operating level, suggesting earnings are materially influenced by non-operating items rather than core operations.

Balance Sheet

The balance sheet appears very conservatively financed, with essentially no debt (debt-to-equity effectively near zero) and sizable equity relative to total assets. Return on equity is positive in recent years (2022–2025) but is highly inconsistent, reflecting the same earnings volatility seen in the income statement. Overall financial risk from leverage looks low, but predictability of returns is a key weakness.

Cash Flow

Cash generation is inconsistent: operating cash flow is negative in 2021–2024 and turns strongly positive in 2025, while 2020 also shows strong inflow. Free cash flow follows the same pattern and the growth rate is extremely volatile, highlighting uneven cash conversion and planning risk. The most recent year shows good coverage of reported earnings by operating cash flow, but prior years indicate periods where earnings were not supported by cash generation.

Breakdown	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Dec 2020
Income Statement
Total Revenue	25.00K	25.00K	25.00K	25.00K	25.00K
Gross Profit	0.00	25.00K	25.00K	25.00K	25.00K
EBITDA	-113.31K	251.69K	2.74M	24.55M	-105.03K
Net Income	387.12K	283.19K	2.61M	24.46M	-1.58M
Balance Sheet
Total Assets	30.99M	31.45M	36.86M	35.58M	11.04M
Cash, Cash Equivalents and Short-Term Investments	206.65K	525.19K	174.36K	93.01K	167.83K
Total Debt	5.00	5.00	5.00	5.00	5.00
Total Liabilities	52.58K	56.71K	68.36K	52.86K	39.17K
Stockholders Equity	30.94M	31.39M	36.80M	35.53M	11.00M
Cash Flow
Free Cash Flow	522.74K	-141.63K	-130.36K	-74.82K	-102.82K
Operating Cash Flow	522.74K	-141.63K	-130.36K	-74.82K	-102.82K
Investing Cash Flow	0.00	6.17M	905.79K	36.00	23.00
Financing Cash Flow	-841.28K	-5.68M	-694.08K	0.00	0.00

Catalyst Media Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 50.00
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CMX, the sentiment is Negative. The current price of 50 is below the 20-day moving average (MA) of 52.75, below the 50-day MA of 52.00, and below the 200-day MA of 51.76, indicating a bearish trend. The MACD of -0.87 indicates Positive momentum. The RSI at 19.40 is Positive, neither overbought nor oversold. The STOCH value of 67.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:CMX.

Catalyst Media Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TENG	72 Outperform	£65.98M	27.33	10.66%	―	3.49%	112.71%
LIKE	64 Neutral	£59.82M	44.44	3.37%	1.76%	9.26%	31.71%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
CMX	58 Neutral	£10.43M	27.22	1.24%	8.00%	―	36.30%
MOON	56 Neutral	£655.08M	14.74	―	1.40%	3.94%	―
XPF	47 Neutral	£18.92M	-20.80	-5.08%	―	20.40%	-271.43%
TMO	43 Neutral	£43.64M	-4.75	-9999.00%	―	-28.98%	-1212.50%

Catalyst Media Corporate Events

Catalyst Media Group Wins Full Shareholder Backing at AGM

Catalyst Media Group plc reported that all resolutions put to shareholders at its latest annual general meeting were approved, confirming full investor backing for the board’s proposed corporate and governance matters. The vote of support provides continuity for the company’s existing strategy and leadership, reinforcing management’s mandate as it navigates its operational and market priorities.

The most recent analyst rating on (GB:CMX) stock is a Hold with a £56.00 price target. To see the full list of analyst forecasts on Catalyst Media stock, see the GB:CMX Stock Forecast page.

Catalyst Media Lifts Profit on SIS Stake as Betting Content Arm Accelerates Expansion

Catalyst Media Group reported an increase in profit after tax to £387,000 for the year to 30 June 2025, driven largely by its equity-accounted share of earnings from its 20.54% holding in Sports Information Services, despite a slight decline in net asset value per share to 147p. SIS itself posted lower turnover but higher post-tax profit of £2.3m for the year to 31 March 2025, reflecting continued investment in its expanding content creation business and adjustments in greyhound racing rights, and it declared a £1.7m dividend, of which CMG received about £0.35m. CMG’s board has opted to retain cash and not pay a dividend, maintaining minimal overheads, while SIS pursues growth by scaling its in-house esports and numbers products, adding new sports titles, broadening its customer base—particularly in North America—and securing regulatory licences in more US jurisdictions. Although recent UK tax changes on gambling are not expected to materially affect SIS’s largely international content creation revenues, ongoing pressure on UK racing betting turnover and the drawdown of SIS’s cash balance underscore the importance of its new growth initiatives, backed by a £35m expandable banking facility, for sustaining future operating profit and returns to CMG and other stakeholders.

The most recent analyst rating on (GB:CMX) stock is a Hold with a £60.00 price target. To see the full list of analyst forecasts on Catalyst Media stock, see the GB:CMX Stock Forecast page.