Is Ströer SE & Co. KGaA (ETR:SAX) Trading At A 45% Discount?
Dec 08
German (DAX) Media Industry Analysis
UpdatedDec 08, 2022
DataAggregated Company Financials
Companies15
- 7D-0.3%
- 3M3.1%
- 1Y-19.8%
- YTD-20.8%
In the last week, the Media industry is up 1.2%, with Kabel Deutschland Holding up 1.1%. In the same time, ProSiebenSat.1 Media was down 5.7%. In contrast, the industry has lost 19% in the last 12 months. Earnings are forecast to grow by 11% annually.
Industry Valuation and Performance
Has the German Media Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 08 Dec 2022 | €19.9b | €13.8b | €791.0m | 14.7x | 25.1x | 1.4x |
| Sat, 05 Nov 2022 | €18.3b | €13.9b | €1.0b | 10.7x | 17.6x | 1.3x |
| Mon, 03 Oct 2022 | €18.2b | €13.9b | €1.0b | 10.2x | 17.5x | 1.3x |
| Wed, 31 Aug 2022 | €10.9b | €13.9b | €1.0b | 14.1x | 10.5x | 0.8x |
| Fri, 29 Jul 2022 | €11.3b | €13.6b | €1.8b | 17.1x | 6.3x | 0.8x |
| Sun, 26 Jun 2022 | €12.2b | €13.6b | €1.8b | 19x | 6.9x | 0.9x |
| Tue, 24 May 2022 | €13.2b | €13.6b | €1.8b | 20.5x | 7.4x | 1x |
| Thu, 21 Apr 2022 | €14.5b | €13.0b | €1.9b | 20.2x | 7.7x | 1.1x |
| Sat, 19 Mar 2022 | €15.6b | €13.5b | €1.7b | 22.1x | 9.4x | 1.2x |
| Mon, 14 Feb 2022 | €16.7b | €13.2b | €1.6b | 21.7x | 10.2x | 1.3x |
| Wed, 12 Jan 2022 | €15.9b | €13.2b | €1.6b | 21.8x | 9.7x | 1.2x |
| Fri, 10 Dec 2021 | €15.5b | €13.2b | €1.6b | 22x | 9.5x | 1.2x |
| Sun, 07 Nov 2021 | €16.8b | €13.0b | €1.6b | 22x | 10.4x | 1.3x |
| Tue, 05 Oct 2021 | €26.4b | €13.0b | €1.6b | 19.8x | 16.4x | 2x |
| Thu, 02 Sep 2021 | €17.3b | €13.1b | €1.6b | 22.3x | 10.7x | 1.3x |
| Sat, 31 Jul 2021 | €16.2b | €13.1b | €1.6b | 21.8x | 10x | 1.2x |
| Tue, 04 May 2021 | €16.1b | €11.9b | €1.2b | 23.4x | 13.5x | 1.4x |
| Fri, 05 Feb 2021 | €15.3b | €11.8b | €812.6m | 23.9x | 18.8x | 1.3x |
| Mon, 09 Nov 2020 | €11.4b | €12.2b | €698.7m | 18.7x | 16.3x | 0.9x |
| Sun, 02 Aug 2020 | €10.4b | €12.3b | €648.5m | 16.7x | 16x | 0.8x |
| Wed, 06 May 2020 | €10.7b | €13.0b | €1.0b | 25.7x | 10.5x | 0.8x |
| Sat, 08 Feb 2020 | €14.0b | €13.2b | €1.2b | 23.6x | 11.4x | 1.1x |
Price to Earnings Ratio
12.1x
Current Industry PE
- Investors are optimistic on the German Media industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 25.4x which is higher than its 3-year average PE of 12.8x.
- The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
- The earnings for companies in the Media industry have declined 14% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the German Telecom industry?
| DE Market | -1.21% | |
| Telecom | -0.63% | |
| Media | -0.25% | |
| Cable and Satellite | 0.97% | |
| Publishing | 0.32% | |
| Broadcasting | -1.15% | |
| Advertising | -1.73% | |
Industry PE
- Investors are most optimistic about the Advertising industry even though it's trading below its 3-year average PE ratio of 70.8x.
- Analysts are expecting annual earnings growth of 12.6%, which is lower than the prior year's growth of 47.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Advertising industry, expecting annual earnings growth of 13% over the next 5 years.
- However this is lower than its past earnings growth rate of 47% per year.
- In contrast, the Publishing industry is expected to see its earnings grow by 3.0% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| KD8 Kabel Deutschland Holding | €95.00 | 1.1% +€88.5m | -10.4% | n/a | |
| RRTL RTL Group | €39.68 | 0.3% +€18.6m | -14.3% | PE9x | |
| SYZ SYZYGY | €5.62 | 16.8% +€10.9m | -9.9% | PE19.5x | |
| WIG1 Sporttotal | €0.71 | 6.7% +€1.4m | 22.0% | PS0.6x | |
| KA8 Klassik Radio | €4.48 | 2.8% +€579.0k | -22.1% | PE15.1x |