Narrative Update • May 14
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- 7D0.8%
- 3M-0.3%
- 1Y-14.5%
- YTD1.9%
The Media industry has been flat over the last week, but Vocento has lost 3.3%. Unfortunately though, the industry is down 15% over the past 12 months. As for the next few years, earnings are expected to grow by 18% per annum.
Industry Valuation and Performance
Has the Spanish Media Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 28 May 2026 | €1.6b | €1.8b | €64.0m | 18.6x | 25.4x | 0.9x |
| Sat, 25 Apr 2026 | €1.6b | €1.8b | €69.2m | 18.7x | 23.6x | 0.9x |
| Mon, 23 Mar 2026 | €1.5b | €1.8b | €73.2m | 16.9x | 20.7x | 0.9x |
| Wed, 18 Feb 2026 | €1.7b | €1.7b | €26.7m | 20.6x | 61.9x | 1x |
| Fri, 16 Jan 2026 | €1.6b | €1.7b | €26.7m | 20.2x | 60.8x | 1x |
| Sun, 14 Dec 2025 | €1.6b | €1.7b | €26.7m | 20.1x | 61.1x | 1x |
| Tue, 11 Nov 2025 | €1.7b | €1.7b | €44.2m | 20.7x | 38.2x | 1x |
| Thu, 09 Oct 2025 | €1.7b | €1.6b | €46.2m | 20.4x | 37.9x | 1.1x |
| Sat, 06 Sep 2025 | €1.7b | €1.6b | €46.2m | 19x | 36.4x | 1x |
| Mon, 04 Aug 2025 | €1.6b | €1.6b | €46.2m | 18.6x | 34.4x | 1x |
| Wed, 02 Jul 2025 | €1.6b | €1.7b | €32.0m | 18.1x | 51x | 1x |
| Fri, 30 May 2025 | €1.9b | €1.7b | €32.0m | 18.9x | 57.9x | 1.1x |
| Sun, 27 Apr 2025 | €1.7b | €1.6b | €24.3m | 34.8x | 68.3x | 1x |
| Tue, 25 Mar 2025 | €1.6b | €1.4b | €116.1m | 34.6x | 14x | 1.2x |
| Thu, 20 Feb 2025 | €1.4b | €1.4b | €176.3m | 26.7x | 8.1x | 1x |
| Sat, 18 Jan 2025 | €1.4b | €1.4b | €176.3m | 26.3x | 7.7x | 1x |
| Mon, 16 Dec 2024 | €1.4b | €1.7b | €178.0m | 10.9x | 8x | 0.8x |
| Wed, 13 Nov 2024 | €1.4b | €1.7b | €187.0m | 26x | 7.3x | 0.8x |
| Fri, 11 Oct 2024 | €1.4b | €1.7b | €184.5m | 26.3x | 7.7x | 0.8x |
| Sun, 08 Sep 2024 | €1.4b | €1.7b | €184.5m | 26x | 7.6x | 0.8x |
| Tue, 06 Aug 2024 | €1.4b | €1.7b | €184.5m | 25.6x | 7.5x | 0.8x |
| Thu, 04 Jul 2024 | €1.4b | €1.7b | €174.0m | 25.5x | 8.1x | 0.8x |
| Sat, 01 Jun 2024 | €1.6b | €1.7b | €175.9m | 18.2x | 9x | 0.9x |
| Mon, 29 Apr 2024 | €1.5b | €1.7b | €182.5m | 18.4x | 8x | 0.9x |
| Wed, 27 Mar 2024 | €1.4b | €1.7b | €183.4m | 22.6x | 7.6x | 0.8x |
| Fri, 23 Feb 2024 | €1.2b | €1.7b | €122.3m | 18.9x | 9.9x | 0.7x |
| Sun, 21 Jan 2024 | €2.1b | €2.6b | €300.6m | 12.8x | 6.9x | 0.8x |
| Tue, 19 Dec 2023 | €2.0b | €2.5b | €295.6m | 10x | 6.8x | 0.8x |
| Thu, 16 Nov 2023 | €2.0b | €2.5b | €293.8m | 10.4x | 6.9x | 0.8x |
| Sat, 14 Oct 2023 | €2.0b | €2.5b | €293.5m | 11.1x | 6.8x | 0.8x |
| Mon, 11 Sep 2023 | €2.0b | €2.5b | €293.5m | 11.9x | 6.9x | 0.8x |
| Wed, 09 Aug 2023 | €2.1b | €2.5b | €293.5m | 12.3x | 7.1x | 0.8x |
| Fri, 07 Jul 2023 | €2.0b | €2.4b | €294.2m | 17.4x | 6.8x | 0.8x |
| Sun, 04 Jun 2023 | €2.0b | €2.4b | €294.2m | 17.7x | 6.9x | 0.8x |
Price to Earnings Ratio
6.9x
Current Industry PE
- Investors are optimistic on the Spanish 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 23.1x.
- The industry is trading close to its 3-year average PS ratio of 0.91x.
Past Earnings Growth
- The earnings for companies in the Media industry have declined 40% per year over the last three years,
- Revenues have also declined 9.3% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Spanish Telecom industry?
| ES Market | 1.30% | |
| Telecom | -1.21% | |
| Media | 0.80% | |
| Broadcasting | 1.30% | |
| Advertising | -1.33% | |
| Publishing | -3.33% | |
Industry PE
- Investors are most optimistic about the Broadcasting industry which is trading above its 3-year average PE ratio of 9.0x.
- Analysts are expecting annual earnings growth of 14.7%, which is higher than its past year's earnings decline of 49.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Publishing industry, expecting annual earnings growth of 90% over the next 5 years.
- In contrast, the Advertising industry is expected to see its earnings decline by 46% 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 | |
|---|---|---|---|---|---|
| A3M Atresmedia Corporación de Medios de Comunicación | €5.14 | 1.6% +€18.0m | -17.9% | PE18.6x |