Promotica (BIT:PMT) Strong Profits May Be Masking Some Underlying Issues
May 10
Italian (Borsa Italiana) Media Industry Analysis
UpdatedMay 13, 2024
DataAggregated Company Financials
Companies27
- 7D3.0%
- 3M16.9%
- 1Y11.4%
- YTD14.4%
In the last week, the Media industry is up 3.0%, with MFE-Mediaforeurope up 3.4%. In the same time, Portobello was down 6.0%. This means that the industry has gained 11% over the past year. Looking forward, earnings are forecast to grow by 14% annually.
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 |
|---|---|---|---|---|---|---|
| Mon, 13 May 2024 | €4.0b | €7.2b | €348.8m | 10.3x | 11.5x | 0.6x |
| Wed, 10 Apr 2024 | €3.7b | €7.2b | €390.3m | 9.2x | 9.4x | 0.5x |
| Fri, 08 Mar 2024 | €3.4b | €7.1b | €396.8m | 9.3x | 8.5x | 0.5x |
| Sun, 04 Feb 2024 | €3.7b | €7.2b | €395.0m | 9.9x | 9.3x | 0.5x |
| Tue, 02 Jan 2024 | €3.6b | €7.0b | €398.0m | 9.4x | 9x | 0.5x |
| Thu, 30 Nov 2023 | €3.2b | €7.0b | €398.4m | 8.8x | 8.1x | 0.5x |
| Sat, 28 Oct 2023 | €2.8b | €7.1b | €411.3m | 7.4x | 6.8x | 0.4x |
| Mon, 25 Sep 2023 | €3.1b | €7.0b | €444.1m | 9.1x | 7.1x | 0.4x |
| Wed, 23 Aug 2023 | €3.3b | €7.0b | €441.2m | 8.8x | 7.5x | 0.5x |
| Fri, 21 Jul 2023 | €3.4b | €7.0b | €430.3m | 8.8x | 7.8x | 0.5x |
| Sun, 18 Jun 2023 | €3.4b | €7.0b | €430.4m | 8.9x | 8x | 0.5x |
| Tue, 16 May 2023 | €3.3b | €7.0b | €400.7m | 15.4x | 8.2x | 0.5x |
| Thu, 13 Apr 2023 | €3.4b | €7.0b | €359.5m | 14.6x | 9.3x | 0.5x |
| Sat, 11 Mar 2023 | €3.1b | €6.8b | €342.3m | 9.6x | 9x | 0.5x |
| Mon, 06 Feb 2023 | €3.2b | €6.8b | €338.7m | 11.9x | 9.6x | 0.5x |
| Wed, 04 Jan 2023 | €2.9b | €6.8b | €338.7m | 10.2x | 8.6x | 0.4x |
| Fri, 02 Dec 2022 | €2.4b | €4.8b | €257.1m | 16.7x | 9.2x | 0.5x |
| Sun, 30 Oct 2022 | €2.7b | €6.8b | €403.9m | 9x | 6.7x | 0.4x |
| Tue, 27 Sep 2022 | €2.6b | €6.8b | €500.8m | 25.2x | 5.1x | 0.4x |
| Thu, 25 Aug 2022 | €3.0b | €6.8b | €495.4m | 19.4x | 6x | 0.4x |
| Sat, 23 Jul 2022 | €3.0b | €6.7b | €531.0m | 19.1x | 5.7x | 0.5x |
| Mon, 20 Jun 2022 | €3.0b | €6.7b | €530.2m | 21.1x | 5.7x | 0.4x |
| Wed, 18 May 2022 | €3.3b | €6.6b | €566.0m | 30.1x | 5.8x | 0.5x |
| Fri, 15 Apr 2022 | €5.2b | €6.8b | €649.2m | 41.9x | 8x | 0.8x |
| Sun, 13 Mar 2022 | €8.1b | €9.6b | €1.0b | 13.8x | 7.7x | 0.8x |
| Tue, 08 Feb 2022 | €8.1b | €9.6b | €1.0b | 15.4x | 8.1x | 0.8x |
| Thu, 06 Jan 2022 | €9.1b | €9.6b | €1.0b | 16.1x | 9x | 0.9x |
| Sat, 04 Dec 2021 | €5.9b | €6.7b | €600.8m | 16.7x | 9.9x | 0.9x |
| Mon, 01 Nov 2021 | €6.0b | €6.6b | €558.5m | 17.9x | 10.8x | 0.9x |
| Wed, 29 Sep 2021 | €6.0b | €6.6b | €558.3m | 21.7x | 10.8x | 0.9x |
| Fri, 27 Aug 2021 | €6.2b | €6.3b | €347.5m | 24.1x | 17.8x | 1x |
| Sat, 03 Jul 2021 | €6.4b | €6.3b | €347.5m | 23.2x | 18.3x | 1x |
Price to Earnings Ratio
26.1x
Current Industry PE
- Investors are optimistic on the Italian Media industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 11.5x which is higher than its 3-year average PE of 9.3x.
- The industry is trading close to its 3-year average PS ratio of 0.60x.
Past Earnings Growth
- The earnings for companies in the Media industry have grown 14% per year over the last three years.
- Revenues for these companies have grown 6.3% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Italian Telecom industry?
| IT Market | 2.46% | |
| Telecom | 1.51% | |
| Media | 2.99% | |
| Publishing | 3.52% | |
| Broadcasting | 3.42% | |
| Advertising | 0.14% | |
| Cable and Satellite | 0% | |
Industry PE
- Investors are most optimistic about the Broadcasting industry which is trading above its 3-year average PE ratio of 7.9x.
- Analysts are expecting annual earnings growth of 12.6%, which is higher than its past year's earnings growth of 9.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Advertising industry, expecting annual earnings growth of 42% over the next 5 years.
- This is better than its past earnings growth rate of 12% per year.
- In contrast, the Publishing industry is expected to see its earnings grow by 5.8% 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 | €3.86 | 3.4% +€71.7m | 13.3% | PE10.3x | |
| CAI Cairo Communication | €2.49 | 7.3% +€22.9m | 35.3% | PE8.7x | |
| CED Caltagirone Editore | €1.19 | 8.2% +€9.6m | 17.8% | PE7.8x | |
| RCS RCS MediaGroup | €0.87 | 2.1% +€7.9m | 11.2% | PE6.7x | |
| MN Arnoldo Mondadori Editore | €2.31 | 1.1% +€6.5m | 18.3% | PE9.6x |
