Italian (Borsa Italiana) Media Industry Analysis

Industry Valuation and Performance

Has the Italian Media Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Thu, 01 Dec 2022	€2.3b	€4.8b	€257.1m	16.7x	9.1x	0.5x
Sat, 29 Oct 2022	€2.7b	€6.8b	€403.9m	9x	6.7x	0.4x
Mon, 26 Sep 2022	€2.6b	€6.8b	€500.8m	24.5x	5.2x	0.4x
Wed, 24 Aug 2022	€3.0b	€6.8b	€495.4m	19.2x	6.1x	0.4x
Fri, 22 Jul 2022	€3.0b	€6.7b	€531.0m	19.1x	5.7x	0.5x
Sun, 19 Jun 2022	€3.0b	€6.7b	€530.2m	21.1x	5.7x	0.4x
Tue, 17 May 2022	€3.3b	€6.6b	€566.0m	29.8x	5.8x	0.5x
Thu, 14 Apr 2022	€5.2b	€6.8b	€649.2m	41.9x	8x	0.8x
Sat, 12 Mar 2022	€8.1b	€9.6b	€1.0b	13.8x	7.7x	0.8x
Mon, 07 Feb 2022	€8.1b	€9.6b	€1.0b	15.8x	8.1x	0.8x
Wed, 05 Jan 2022	€9.1b	€9.6b	€1.0b	16.4x	9x	0.9x
Fri, 03 Dec 2021	€6.0b	€6.7b	€600.8m	16.9x	10x	0.9x
Sun, 31 Oct 2021	€6.0b	€6.6b	€558.5m	17.9x	10.8x	0.9x
Tue, 28 Sep 2021	€6.1b	€6.6b	€558.3m	22.1x	11x	0.9x
Thu, 26 Aug 2021	€6.2b	€6.3b	€347.5m	24.1x	17.8x	1x
Fri, 02 Jul 2021	€6.4b	€6.3b	€347.5m	23.2x	18.3x	1x
Mon, 05 Apr 2021	€5.5b	€6.0b	€236.5m	24.9x	23.2x	0.9x
Thu, 07 Jan 2021	€5.1b	€6.1b	€187.8m	22.9x	27x	0.8x
Wed, 30 Sep 2020	€4.4b	€6.2b	€152.6m	20x	29x	0.7x
Sat, 04 Jul 2020	€4.5b	€6.3b	€96.4m	26.2x	47x	0.7x
Tue, 07 Apr 2020	€4.8b	€6.9b	€285.8m	19.3x	16.8x	0.7x
Fri, 10 Jan 2020	€6.6b	€7.1b	€352.8m	17.2x	18.7x	0.9x

Current Industry PE

Investors are pessimistic on the Italian Media industry, indicating that they anticipate long term growth rates will be lower than they have historically.

The industry is trading at a PE ratio of 9.1x which is lower than its 3-year average PE of 18.2x.

Past Earnings Growth

The earnings for companies in the Media industry have grown 7.2% per year over the last three years.
Meanwhile revenues for these companies have declined 13% per year.
This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Italian Telecom industry?

Industry PE

Investors are most optimistic about the Advertising industry even though it's trading below its 3-year average PE ratio of 24.7x.

Analysts are expecting annual earnings growth of 46.8%, which is higher than its past year's earnings growth of 20.0% per year.

Investors are most pessimistic about the Broadcasting industry, which is trading below its 3-year average of 13.8x.

Forecasted Growth

Analysts are most optimistic on the Advertising industry, expecting annual earnings growth of 47% over the next 5 years.
This is better than its past earnings growth rate of 20% per year.

In contrast, the Broadcasting industry is expected to see its earnings grow by 5.3% 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
MFEB MFE-Mediaforeurope	€0.56	1.0% +€14.5m	-76.6%	PE8.3x
IDNTT ID-ENTITY	€3.44	4.9% +€1.2m	3.5%	n/a
CAI Cairo Communication	€1.53	0.5% +€1.1m	-16.2%	PE6.8x
POR Portobello	€19.00	1.1% +€702.3k	-46.6%	PE7.9x
IEG Italian Exhibition Group	€2.08	1.0% +€617.3k	-21.5%	PE5.6x

Nov 17

Industry Valuation and Performance