We Think SYZYGY's (ETR:SYZ) Healthy Earnings Might Be Conservative
Aug 02
German (DAX) Media Industry Analysis
UpdatedAug 18, 2024
DataAggregated Company Financials
Companies17
- 7D1.5%
- 3M-9.1%
- 1Y-2.2%
- YTD-4.2%
Over the last 7 days, the Media industry has risen 1.5%, driven by gains from RTL Group of 1.6%. During this same period, the Tele Columbus underperformed, falling 6.4%. The industry has been flat over the past 12 months despite the gain this week. As for the next few years, earnings are expected to grow by 16% per annum.
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 |
|---|---|---|---|---|---|---|
| Sun, 18 Aug 2024 | €9.9b | €13.4b | €345.9m | 26.6x | 28.7x | 0.7x |
| Tue, 16 Jul 2024 | €10.6b | €13.2b | €212.1m | 28.3x | 50x | 0.8x |
| Thu, 13 Jun 2024 | €10.5b | €13.2b | €212.0m | 29.2x | 49.5x | 0.8x |
| Sat, 11 May 2024 | €10.5b | €13.2b | €226.9m | 22.1x | 46.2x | 0.8x |
| Mon, 08 Apr 2024 | €10.1b | €13.1b | €229.6m | 31.2x | 44x | 0.8x |
| Wed, 06 Mar 2024 | €10.2b | €13.9b | €496.2m | 30.1x | 20.5x | 0.7x |
| Fri, 02 Feb 2024 | €19.2b | €14.0b | €408.8m | 29.1x | 47x | 1.4x |
| Sun, 31 Dec 2023 | €18.9b | €14.0b | €408.7m | 30.1x | 46.3x | 1.4x |
| Tue, 28 Nov 2023 | €18.7b | €14.0b | €372.8m | 36.3x | 50.2x | 1.3x |
| Thu, 26 Oct 2023 | €17.8b | €14.0b | €334.4m | 33x | 53.2x | 1.3x |
| Sat, 23 Sep 2023 | €18.2b | €14.0b | €335.7m | 21.4x | 54.2x | 1.3x |
| Mon, 21 Aug 2023 | €18.9b | €14.0b | €342.2m | 21.8x | 55.3x | 1.4x |
| Wed, 19 Jul 2023 | €19.9b | €13.9b | €590.5m | 18.4x | 33.8x | 1.4x |
| Fri, 16 Jun 2023 | €20.1b | €13.9b | €591.0m | 18.6x | 34x | 1.4x |
| Sun, 14 May 2023 | €19.7b | €13.9b | €674.9m | 17x | 29.2x | 1.4x |
| Tue, 11 Apr 2023 | €22.0b | €14.1b | €731.7m | 15.2x | 30.1x | 1.6x |
| Thu, 09 Mar 2023 | €21.6b | €13.8b | €767.7m | 15.4x | 28.1x | 1.6x |
| Sat, 04 Feb 2023 | €21.6b | €13.8b | €787.0m | 16.4x | 27.4x | 1.6x |
| Mon, 02 Jan 2023 | €19.7b | €13.8b | €786.9m | 14.5x | 25x | 1.4x |
| Wed, 30 Nov 2022 | €19.8b | €13.8b | €791.0m | 15x | 25.1x | 1.4x |
| Fri, 28 Oct 2022 | €18.5b | €13.9b | €1.0b | 10.8x | 17.8x | 1.3x |
| Sun, 25 Sep 2022 | €9.8b | €13.9b | €1.0b | 12.2x | 9.4x | 0.7x |
| Tue, 23 Aug 2022 | €11.1b | €13.9b | €1.0b | 16.7x | 10.6x | 0.8x |
| Thu, 21 Jul 2022 | €11.5b | €13.6b | €1.8b | 17.5x | 6.4x | 0.8x |
| Sat, 18 Jun 2022 | €12.2b | €13.6b | €1.8b | 18.7x | 6.9x | 0.9x |
| Mon, 16 May 2022 | €12.9b | €13.6b | €1.8b | 20x | 7.1x | 1x |
| Wed, 13 Apr 2022 | €14.1b | €13.0b | €1.9b | 20x | 7.4x | 1.1x |
| Fri, 11 Mar 2022 | €14.9b | €13.2b | €1.6b | 20x | 9.2x | 1.1x |
| Sun, 06 Feb 2022 | €16.0b | €13.2b | €1.6b | 22.7x | 9.8x | 1.2x |
| Tue, 04 Jan 2022 | €15.9b | €13.2b | €1.6b | 21.7x | 9.7x | 1.2x |
| Thu, 02 Dec 2021 | €15.2b | €13.2b | €1.6b | 22x | 9.3x | 1.2x |
| Sat, 30 Oct 2021 | €16.5b | €13.0b | €1.6b | 21.6x | 10.3x | 1.3x |
| Mon, 27 Sep 2021 | €17.1b | €13.0b | €1.6b | 19.2x | 10.6x | 1.3x |
| Wed, 25 Aug 2021 | €16.8b | €13.1b | €1.6b | 21.8x | 10.4x | 1.3x |
Price to Earnings Ratio
10.4x
Current Industry PE
- Investors are relatively neutral on the German Media industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 27.0x.
- The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 0.74x.
Past Earnings Growth
- The earnings for companies in the Media industry have declined 40% 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 | 2.81% | |
| Telecom | 1.89% | |
| Media | 1.50% | |
| Advertising | 2.14% | |
| Broadcasting | 1.31% | |
| Publishing | -1.07% | |
| Cable and Satellite | -6.38% | |
Industry PE
- Investors are most optimistic about the Advertising industry even though it's trading below its 3-year average PE ratio of 36.6x.
- Analysts are expecting annual earnings growth of 29.1%, which is higher than its past year's earnings decline of 5.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Advertising industry, expecting annual earnings growth of 29% over the next 5 years.
- This is better than its past earnings decline of 5.6% per year.
- In contrast, the Publishing industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|
| RRTL RTL Group | €28.45 | 1.6% +€69.6m | -16.1% | PE11x | |
| SAX Ströer SE KGaA | €58.70 | 1.4% +€44.7m | 33.4% | PE30.4x | |
| M8G Verve Group | €2.74 | 9.0% +€41.9m | 97.3% | PE11x | |
| PSM ProSiebenSat.1 Media | €5.83 | 0.3% +€4.5m | -24.6% | PS0.3x | |
| SYZ SYZYGY | €3.00 | 3.4% +€1.4m | -27.5% | PE19.7x |
