View ValuationCairo Communication 将来の成長Future 基準チェック /06Cairo Communicationの収益と利益はそれぞれ年間0.7%と2.2%減少すると予測されていますが、EPS は年間2.2% 減少すると予測されています。主要情報-2.2%収益成長率-2.16%EPS成長率Media 収益成長29.5%収益成長率-0.7%将来の株主資本利益率n/aアナリストカバレッジLow最終更新日13 May 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesReported Earnings • May 21First quarter 2026 earnings releasedFirst quarter 2026 results: €0.023 loss per share. Revenue: €229.6m (down 1.7% from 1Q 2025). Net loss: €2.80m (loss widened 33% from 1Q 2025). Revenue is forecast to stay flat during the next 3 years compared to a 3.7% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 10% per year.Board Change • May 20Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 6 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Valentina Manfredi was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Mar 30Cairo Communication S.p.A., Annual General Meeting, May 07, 2026Cairo Communication S.p.A., Annual General Meeting, May 07, 2026, at 11:00 W. Europe Standard Time. Location: via angelo rizzoli n 8, milano Italyお知らせ • Mar 26Cairo Communication S.p.A. announces Annual dividend, payable on May 27, 2026Cairo Communication S.p.A. announced Annual dividend of EUR 0.1800 per share payable on May 27, 2026, ex-date on May 25, 2026 and record date on May 26, 2026.Reported Earnings • Nov 17Third quarter 2024 earnings releasedThird quarter 2024 results: €0.027 loss per share. Revenue: €218.5m (flat on 3Q 2023). Net loss: €3.60m (loss narrowed 29% from 3Q 2023). Revenue is expected to decline by 1.7% p.a. on average during the next 2 years, while revenues in the Media industry in Germany are expected to grow by 4.5%.Reported Earnings • Aug 09Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: €333.6m (up 2.3% from 2Q 2023). Net income: €22.3m (up 18% from 2Q 2023). Profit margin: 6.7% (up from 5.8% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 5.6% growth forecast for the Media industry in Germany.Valuation Update With 7 Day Price Move • May 30Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €2.03, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 10x in the Media industry in Germany. Total returns to shareholders of 41% over the past three years.Upcoming Dividend • May 20Upcoming dividend of €0.16 per shareEligible shareholders must have bought the stock before 27 May 2024. Payment date: 29 May 2024. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 6.7%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (5.3%).Reported Earnings • May 17First quarter 2024 earnings releasedFirst quarter 2024 results: €0.015 loss per share. Revenue: €232.1m (down 4.7% from 1Q 2023). Net loss: €2.00m (loss narrowed 33% from 1Q 2023). Revenue is forecast to stay flat during the next 2 years compared to a 5.1% growth forecast for the Media industry in Germany.New Risk • May 08New major risk - Revenue and earnings growthEarnings have declined by 5.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.8% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Declared Dividend • Apr 08Dividend of €0.16 announcedShareholders will receive a dividend of €0.16. Ex-date: 27th May 2024 Payment date: 29th May 2024 Dividend yield will be 7.8%, which is higher than the industry average of 5.1%. Sustainability & Growth Dividend is covered by both earnings (56% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 3.1% over the next 2 years. However, it would need to fall by 38% to increase the payout ratio to a potentially unsustainable range.Reported Earnings • Mar 31Full year 2023 earnings releasedFull year 2023 results: Revenue: €1.10b (down 1.4% from FY 2022). Net income: €38.4m (up 20% from FY 2022). Profit margin: 3.5% (up from 2.9% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 2 years compared to a 5.0% growth forecast for the Media industry in Germany.New Risk • Mar 18New major risk - Revenue and earnings growthEarnings have declined by 9.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 9.2% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • Nov 17Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: €218.0m (down 6.1% from 3Q 2022). Net loss: €5.10m (loss widened 70% from 3Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 5.6% growth forecast for the Media industry in Germany.Reported Earnings • Aug 08Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: €326.1m (flat on 2Q 2022). Net income: €18.9m (up 33% from 2Q 2022). Profit margin: 5.8% (up from 4.3% in 2Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 5.0% growth forecast for the Media industry in Germany.Upcoming Dividend • May 22Upcoming dividend of €0.14 per share at 7.7% yieldEligible shareholders must have bought the stock before 29 May 2023. Payment date: 31 May 2023. Payout ratio is a comfortable 59% but the company is paying out more than the cash it is generating. Trailing yield: 7.7%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (6.5%).Buying Opportunity • May 15Now 20% undervaluedOver the last 90 days, the stock is up 6.0%. The fair value is estimated to be €2.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 0.1% per annum. Earnings is also forecast to grow by 7.0% per annum over the same time period.Reported Earnings • Mar 29Full year 2022 earnings releasedFull year 2022 results: Revenue: €1.11b (flat on FY 2021). Net income: €32.1m (down 37% from FY 2021). Profit margin: 2.9% (down from 4.6% in FY 2021). Revenue is forecast to stay flat during the next 2 years compared to a 4.3% growth forecast for the Media industry in Germany.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 6 highly experienced directors. 4 independent directors (6 non-independent directors). Non-Executive Director Laura Cairo was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Buying Opportunity • Nov 03Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 9.7%. The fair value is estimated to be €2.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 2.8%. Revenue is forecast to decline by 1.2% in 2 years. Earnings is forecast to grow by 9.8% in the next 2 years.Reported Earnings • Aug 08Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: €328.6m (up 3.3% from 2Q 2021). Net income: €14.2m (down 50% from 2Q 2021). Profit margin: 4.3% (down from 8.9% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to stay flat compared to a 8.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.Upcoming Dividend • May 16Upcoming dividend of €0.18 per shareEligible shareholders must have bought the stock before 23 May 2022. Payment date: 25 May 2022. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 8.1%. Within top quartile of German dividend payers (4.3%). Higher than average of industry peers (7.2%).Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 6 highly experienced directors. 4 independent directors (6 non-independent directors). Non-Executive Director Laura Cairo was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Mar 28Full year 2021 earnings releasedFull year 2021 results: Revenue: €1.11b (up 12% from FY 2020). Net income: €51.0m (up 209% from FY 2020). Profit margin: 4.6% (up from 1.7% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 1.6% compared to a 10% growth forecast for the industry in Germany.Reported Earnings • Nov 18Third quarter 2021 earnings released: EPS €0.032The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €239.7m (up 6.0% from 3Q 2020). Net income: €4.30m (up 231% from 3Q 2020). Profit margin: 1.8% (up from 0.6% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year and the company’s share price has also fallen by 9% per year.Reported Earnings • Aug 09Second quarter 2021 earnings releasedThe company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €318.0m (up 55% from 2Q 2020). Net income: €28.4m (up €34.1m from 2Q 2020). Profit margin: 8.9% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue.Reported Earnings • May 19First quarter 2021 earnings releasedThe company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: €234.5m (up 2.9% from 1Q 2020). Net loss: €3.90m (loss narrowed 44% from 1Q 2020).Upcoming Dividend • May 17Upcoming dividend of €0.04 per shareEligible shareholders must have bought the stock before 24 May 2021. Payment date: 26 May 2021. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (4.0%).Reported Earnings • Mar 30Full year 2020 earnings releasedThe company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €988.1m (down 16% from FY 2019). Net income: €16.5m (down 61% from FY 2019). Profit margin: 1.7% (down from 3.6% in FY 2019).Valuation Update With 7 Day Price Move • Mar 23Investor sentiment improved over the past weekAfter last week's 17% share price gain to €1.65, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 25x in the Media industry in Germany. Total returns to shareholders of 8.5% over the past year.Valuation Update With 7 Day Price Move • Feb 12Investor sentiment improved over the past weekAfter last week's 18% share price gain to €1.38, the stock is trading at a trailing P/E ratio of 36.4x, up from the previous P/E ratio of 30.9x. This compares to an average P/E of 27x in the Media industry in Germany. Total return to shareholders over the past year is a loss of 44%.Is New 90 Day High Low • Feb 10New 90-day high: €1.28The company is up 14% from its price of €1.13 on 11 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Media industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.70 per share.Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS €0.01The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: €226.1m (down 10% from 3Q 2019). Net income: €1.30m (up €2.00m from 3Q 2019). Profit margin: 0.6% (up from net loss in 3Q 2019). The move to profitability was driven by lower expenses.Analyst Estimate Surprise Post Earnings • Nov 14Revenue beats expectationsRevenue exceeded analyst estimates by 0.5%. Over the next year, revenue is forecast to grow 5.6%, compared to a 2.7% growth forecast for the Media industry in Germany.Is New 90 Day High Low • Oct 16New 90-day low: €1.19The company is down 20% from its price of €1.48 on 17 July 2020. The German market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.02 per share.業績と収益の成長予測DB:CI1A - アナリストの将来予測と過去の財務データ ( )EUR Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20281,0413738N/A112/31/20271,0493738N/A112/31/20261,0643738N/A13/31/20261,05939N/AN/AN/A12/31/20251,0634070116N/A9/30/20251,07945N/AN/AN/A6/30/20251,09145111155N/A3/31/20251,09745N/AN/AN/A12/31/20241,0954584120N/A9/30/20241,09344N/AN/AN/A6/30/20241,0934390127N/A3/31/20241,08639N/AN/AN/A12/31/20231,0973868107N/A9/30/20231,10135N/AN/AN/A6/30/20231,11537-2472N/A3/31/20231,11632N/AN/AN/A12/31/20221,1133211103N/A9/30/20221,11831N/AN/AN/A6/30/20221,12638119153N/A3/31/20221,11652N/AN/AN/A12/31/20211,11051129161N/A9/30/20211,12257N/AN/AN/A6/30/20211,1085496122N/A3/31/202199520N/AN/AN/A12/31/20209881779104N/A9/30/20209797N/AN/AN/A6/30/20201,0055102125N/A3/31/20201,13932N/AN/AN/A12/31/20191,18242N/A146N/A9/30/20191,20352N/AN/AN/A6/30/20191,21755N/A142N/A3/31/20191,23460N/AN/AN/A12/31/20181,24760N/A116N/A9/30/20181,21366N/AN/AN/A6/30/20181,18162N/A120N/A3/31/20181,14957N/AN/AN/A12/31/20171,13552N/A97N/A9/30/20171,16334N/AN/AN/A6/30/20171,05637N/A69N/A3/31/201779718N/AN/AN/A12/31/201658322N/A56N/A9/30/201631610N/AN/AN/A6/30/201623610N/A11N/A3/31/201623511N/AN/AN/A12/31/201523611N/A14N/A9/30/201524111N/AN/AN/A6/30/201524415N/A28N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: CI1Aの収益は今後 3 年間で減少すると予測されています (年間-2.2% )。収益対市場: CI1Aの収益は今後 3 年間で減少すると予測されています (年間-2.2% )。高成長収益: CI1Aの収益は今後 3 年間で減少すると予測されています。収益対市場: CI1Aの収益は今後 3 年間で減少すると予想されています (年間-0.7% )。高い収益成長: CI1Aの収益は今後 3 年間で減少すると予測されています (年間-0.7% )。一株当たり利益成長率予想将来の株主資本利益率将来のROE: CI1Aの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YMedia 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/24 02:37終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Cairo Communication S.p.A. 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。5 アナリスト機関Andrea DevitaBanca Akros S.p.A. (ESN)Domenico GhilottiEquita SIM S.p.A.null nullEquita SIM S.p.A.2 その他のアナリストを表示
Reported Earnings • May 21First quarter 2026 earnings releasedFirst quarter 2026 results: €0.023 loss per share. Revenue: €229.6m (down 1.7% from 1Q 2025). Net loss: €2.80m (loss widened 33% from 1Q 2025). Revenue is forecast to stay flat during the next 3 years compared to a 3.7% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 10% per year.
Board Change • May 20Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 6 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Valentina Manfredi was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Mar 30Cairo Communication S.p.A., Annual General Meeting, May 07, 2026Cairo Communication S.p.A., Annual General Meeting, May 07, 2026, at 11:00 W. Europe Standard Time. Location: via angelo rizzoli n 8, milano Italy
お知らせ • Mar 26Cairo Communication S.p.A. announces Annual dividend, payable on May 27, 2026Cairo Communication S.p.A. announced Annual dividend of EUR 0.1800 per share payable on May 27, 2026, ex-date on May 25, 2026 and record date on May 26, 2026.
Reported Earnings • Nov 17Third quarter 2024 earnings releasedThird quarter 2024 results: €0.027 loss per share. Revenue: €218.5m (flat on 3Q 2023). Net loss: €3.60m (loss narrowed 29% from 3Q 2023). Revenue is expected to decline by 1.7% p.a. on average during the next 2 years, while revenues in the Media industry in Germany are expected to grow by 4.5%.
Reported Earnings • Aug 09Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: €333.6m (up 2.3% from 2Q 2023). Net income: €22.3m (up 18% from 2Q 2023). Profit margin: 6.7% (up from 5.8% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 5.6% growth forecast for the Media industry in Germany.
Valuation Update With 7 Day Price Move • May 30Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €2.03, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 10x in the Media industry in Germany. Total returns to shareholders of 41% over the past three years.
Upcoming Dividend • May 20Upcoming dividend of €0.16 per shareEligible shareholders must have bought the stock before 27 May 2024. Payment date: 29 May 2024. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 6.7%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (5.3%).
Reported Earnings • May 17First quarter 2024 earnings releasedFirst quarter 2024 results: €0.015 loss per share. Revenue: €232.1m (down 4.7% from 1Q 2023). Net loss: €2.00m (loss narrowed 33% from 1Q 2023). Revenue is forecast to stay flat during the next 2 years compared to a 5.1% growth forecast for the Media industry in Germany.
New Risk • May 08New major risk - Revenue and earnings growthEarnings have declined by 5.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.8% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Declared Dividend • Apr 08Dividend of €0.16 announcedShareholders will receive a dividend of €0.16. Ex-date: 27th May 2024 Payment date: 29th May 2024 Dividend yield will be 7.8%, which is higher than the industry average of 5.1%. Sustainability & Growth Dividend is covered by both earnings (56% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 3.1% over the next 2 years. However, it would need to fall by 38% to increase the payout ratio to a potentially unsustainable range.
Reported Earnings • Mar 31Full year 2023 earnings releasedFull year 2023 results: Revenue: €1.10b (down 1.4% from FY 2022). Net income: €38.4m (up 20% from FY 2022). Profit margin: 3.5% (up from 2.9% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 2 years compared to a 5.0% growth forecast for the Media industry in Germany.
New Risk • Mar 18New major risk - Revenue and earnings growthEarnings have declined by 9.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 9.2% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • Nov 17Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: €218.0m (down 6.1% from 3Q 2022). Net loss: €5.10m (loss widened 70% from 3Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 5.6% growth forecast for the Media industry in Germany.
Reported Earnings • Aug 08Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: €326.1m (flat on 2Q 2022). Net income: €18.9m (up 33% from 2Q 2022). Profit margin: 5.8% (up from 4.3% in 2Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 5.0% growth forecast for the Media industry in Germany.
Upcoming Dividend • May 22Upcoming dividend of €0.14 per share at 7.7% yieldEligible shareholders must have bought the stock before 29 May 2023. Payment date: 31 May 2023. Payout ratio is a comfortable 59% but the company is paying out more than the cash it is generating. Trailing yield: 7.7%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (6.5%).
Buying Opportunity • May 15Now 20% undervaluedOver the last 90 days, the stock is up 6.0%. The fair value is estimated to be €2.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 0.1% per annum. Earnings is also forecast to grow by 7.0% per annum over the same time period.
Reported Earnings • Mar 29Full year 2022 earnings releasedFull year 2022 results: Revenue: €1.11b (flat on FY 2021). Net income: €32.1m (down 37% from FY 2021). Profit margin: 2.9% (down from 4.6% in FY 2021). Revenue is forecast to stay flat during the next 2 years compared to a 4.3% growth forecast for the Media industry in Germany.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 6 highly experienced directors. 4 independent directors (6 non-independent directors). Non-Executive Director Laura Cairo was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Buying Opportunity • Nov 03Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 9.7%. The fair value is estimated to be €2.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 2.8%. Revenue is forecast to decline by 1.2% in 2 years. Earnings is forecast to grow by 9.8% in the next 2 years.
Reported Earnings • Aug 08Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: €328.6m (up 3.3% from 2Q 2021). Net income: €14.2m (down 50% from 2Q 2021). Profit margin: 4.3% (down from 8.9% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to stay flat compared to a 8.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
Upcoming Dividend • May 16Upcoming dividend of €0.18 per shareEligible shareholders must have bought the stock before 23 May 2022. Payment date: 25 May 2022. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 8.1%. Within top quartile of German dividend payers (4.3%). Higher than average of industry peers (7.2%).
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 6 highly experienced directors. 4 independent directors (6 non-independent directors). Non-Executive Director Laura Cairo was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Mar 28Full year 2021 earnings releasedFull year 2021 results: Revenue: €1.11b (up 12% from FY 2020). Net income: €51.0m (up 209% from FY 2020). Profit margin: 4.6% (up from 1.7% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 1.6% compared to a 10% growth forecast for the industry in Germany.
Reported Earnings • Nov 18Third quarter 2021 earnings released: EPS €0.032The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €239.7m (up 6.0% from 3Q 2020). Net income: €4.30m (up 231% from 3Q 2020). Profit margin: 1.8% (up from 0.6% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year and the company’s share price has also fallen by 9% per year.
Reported Earnings • Aug 09Second quarter 2021 earnings releasedThe company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €318.0m (up 55% from 2Q 2020). Net income: €28.4m (up €34.1m from 2Q 2020). Profit margin: 8.9% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue.
Reported Earnings • May 19First quarter 2021 earnings releasedThe company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: €234.5m (up 2.9% from 1Q 2020). Net loss: €3.90m (loss narrowed 44% from 1Q 2020).
Upcoming Dividend • May 17Upcoming dividend of €0.04 per shareEligible shareholders must have bought the stock before 24 May 2021. Payment date: 26 May 2021. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (4.0%).
Reported Earnings • Mar 30Full year 2020 earnings releasedThe company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €988.1m (down 16% from FY 2019). Net income: €16.5m (down 61% from FY 2019). Profit margin: 1.7% (down from 3.6% in FY 2019).
Valuation Update With 7 Day Price Move • Mar 23Investor sentiment improved over the past weekAfter last week's 17% share price gain to €1.65, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 25x in the Media industry in Germany. Total returns to shareholders of 8.5% over the past year.
Valuation Update With 7 Day Price Move • Feb 12Investor sentiment improved over the past weekAfter last week's 18% share price gain to €1.38, the stock is trading at a trailing P/E ratio of 36.4x, up from the previous P/E ratio of 30.9x. This compares to an average P/E of 27x in the Media industry in Germany. Total return to shareholders over the past year is a loss of 44%.
Is New 90 Day High Low • Feb 10New 90-day high: €1.28The company is up 14% from its price of €1.13 on 11 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Media industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.70 per share.
Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS €0.01The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: €226.1m (down 10% from 3Q 2019). Net income: €1.30m (up €2.00m from 3Q 2019). Profit margin: 0.6% (up from net loss in 3Q 2019). The move to profitability was driven by lower expenses.
Analyst Estimate Surprise Post Earnings • Nov 14Revenue beats expectationsRevenue exceeded analyst estimates by 0.5%. Over the next year, revenue is forecast to grow 5.6%, compared to a 2.7% growth forecast for the Media industry in Germany.
Is New 90 Day High Low • Oct 16New 90-day low: €1.19The company is down 20% from its price of €1.48 on 17 July 2020. The German market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.02 per share.