Aankondiging • Apr 19
RTL Group S.A. announces Annual dividend, payable on May 05, 2026 RTL Group S.A. announced Annual dividend of EUR 0.6460 per share payable on May 05, 2026, ex-date on April 30, 2026 and record date on May 04, 2026. Aankondiging • Mar 27
RTL Group S.A., Annual General Meeting, Apr 29, 2026 RTL Group S.A., Annual General Meeting, Apr 29, 2026, at 15:00 W. Europe Standard Time. Location: at the registered office, 43, bld pierre frieden, l-1543 luxembourg-kirchberg, Luxembourg Aankondiging • May 01
RTL Group S.A. announces Annual dividend, payable on May 06, 2025 RTL Group S.A. announced Annual dividend of EUR 2.1250 per share payable on May 06, 2025, ex-date on May 02, 2025 and record date on May 05, 2025. Aankondiging • Mar 31
RTL Group S.A., Annual General Meeting, Apr 30, 2025 RTL Group S.A., Annual General Meeting, Apr 30, 2025, at 15:00 W. Europe Standard Time. Location: at the registered office (43, bld pierre frieden, l-1543 luxembourg-kirchberg)., kirchberg Luxembourg Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €24.00, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Media industry in Germany. Total loss to shareholders of 38% over the past three years. New Risk • Aug 11
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 7.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 106% Cash payout ratio: 92% Earnings are forecast to decline by an average of 7.2% per year for the foreseeable future. Reported Earnings • Aug 11
First half 2024 earnings released: EPS: €0.44 (vs €0.48 in 1H 2023) First half 2024 results: EPS: €0.44 (down from €0.48 in 1H 2023). Revenue: €2.96b (down 5.0% from 1H 2023). Net income: €69.0m (down 8.0% from 1H 2023). Profit margin: 2.3% (down from 2.4% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Price Target Changed • May 08
Price target decreased by 7.1% to €34.44 Down from €37.09, the current price target is an average from 9 analysts. New target price is 16% above last closing price of €29.80. Stock is down 23% over the past year. The company is forecast to post earnings per share of €2.74 for next year compared to €2.27 last year. Reported Earnings • Mar 15
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: €2.28 (down from €4.35 in FY 2022). Revenue: €6.34b (down 12% from FY 2022). Net income: €352.0m (down 48% from FY 2022). Profit margin: 5.6% (down from 9.3% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 9.7%. Earnings per share (EPS) also missed analyst estimates by 4.1%. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Aankondiging • Dec 15
DPG Media Group NV reached an agreement to acquire RTL Nederland B.V. from RTL Group S.A. (XTRA:RRTL) for €1.1 billion. DPG Media Group NV reached an agreement to acquire RTL Nederland B.V. from RTL Group S.A. (XTRA:RRTL) for €1.1 billion on December 15, 2023. Under the terms of agreement, DPG Media Group is paying consideration in all cash and the total consideration on a debt- and cash-free basis and with a normalised net working capital, to be paid at closing, amounts to €1.1 billion. As part of the sale, RTL Group and DPG Media will enter into a strategic partnership, spanning from technology to advertising sales and content: At the time of closing of the transaction, the service agreements for RTL Nederland in the areas of streaming technology (via Bedrock), broadcasting operations (via RTL Group’s technical services provider BCE) and international advertising sales (via RTL AdAlliance) will be renewed for at least three years. RTL Nederland will also continue to use the solutions provided by RTL Group’s ad-tech business, Smartclip. For three years after closing, RTL Group’s broadcasters in Germany, France and Hungary will receive first-look rights for all new programmes developed by RTL Nederland. Based on a separate trademark license agreement, DPG Media will continue to use the "RTL" brand in the Netherlands at least until December 2034. Until the closing of the transaction, RTL Group will continue to benefit from all cash flows and profits generated by RTL Nederland. In 2022, RTL Nederland’s total revenue was €636 million.
The transaction is subject to regulatory approvals and the consultation process with the respective works councils and the transaction is also subject to approval by the Netherlands Authority for Consumers and Markets (ACM) and will be submitted for advice to the relevant works councils. The all-cash transaction is expected to close around mid-2024. For RTL Group, J.P. Morgan has been involved as transaction advisor and NautaDutilh and Allen & Overy acted as legal counsel. In this transaction, DPG Media was assisted by LoyensLoeff, Linklaters and LDS Advisory. The capital gain from the transaction will be largely tax exempt and will amount to approximately €0.8 billion. RTL Group’s shareholders will benefit from the transaction in line with the Group’s stated dividend policy. Aankondiging • Oct 07
RTL Group S.A. to Report Nine Months, 2023 Results on Nov 08, 2023 RTL Group S.A. announced that they will report nine months, 2023 results on Nov 08, 2023 New Risk • Aug 10
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 108% Cash payout ratio: 343% Dividend yield: 9.5% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 10
First half 2023 earnings released: EPS: €0.48 (vs €1.58 in 1H 2022) First half 2023 results: EPS: €0.48 (down from €1.58 in 1H 2022). Revenue: €3.11b (down 5.1% from 1H 2022). Net income: €75.0m (down 69% from 1H 2022). Profit margin: 2.4% (down from 7.5% in 1H 2022). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Upcoming Dividend • Apr 20
Upcoming dividend of €3.48 per share at 7.1% yield Eligible shareholders must have bought the stock before 27 April 2023. Payment date: 02 May 2023. Payout ratio is on the higher end at 80%, and the cash payout ratio is above 100%. Trailing yield: 7.1%. Within top quartile of German dividend payers (4.6%). In line with average of industry peers (6.7%). Reported Earnings • Mar 18
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: €4.35 (down from €8.41 in FY 2021). Revenue: €7.31b (up 10% from FY 2021). Net income: €673.0m (down 48% from FY 2021). Profit margin: 9.2% (down from 20% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.0%. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 15% per year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 7 non-independent directors. Independent Non-Executive Director Pernille Erenbjerg was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 10
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €863.0m from profit in 1H 2021). Profit margin: (down from 29% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 8.7%, compared to a 8.3% growth forecast for the industry in Germany. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 7 non-independent directors. Independent Non-Executive Director Pernille Erenbjerg was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 18
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: €8.41 (up from €3.20 in FY 2020). Revenue: €6.73b (up 12% from FY 2020). Net income: €1.30b (up 164% from FY 2020). Profit margin: 19% (up from 8.2% in FY 2020). Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 5.4%. Over the next year, revenue is forecast to grow 10%, compared to a 8.7% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 08
First half 2021 earnings released: EPS €5.58 (vs €0.61 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €3.01b (up 14% from 1H 2020). Net income: €863.0m (up €769.0m from 1H 2020). Profit margin: 29% (up from 3.5% in 1H 2020). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Executive Departure • May 06
Non-Executive Director has left the company On the 28th of April, Bernd Kundrun's tenure as Non-Executive Director ended after 9.0 years in the role. We don't have any record of a personal shareholding under Bernd's name. A total of 3 executives have left over the last 12 months. Executive Departure • May 06
Non-Executive Director has left the company On the 28th of April, Rolf Schmidt-Holtz's tenure as Non-Executive Director ended after 9.0 years in the role. We don't have any record of a personal shareholding under Rolf's name. A total of 3 executives have left over the last 12 months. Price Target Changed • May 05
Price target increased to €54.71 Up from €50.73, the current price target is an average from 11 analysts. New target price is 15% above last closing price of €47.60. Stock is up 59% over the past year. Reported Earnings • Apr 17
Full year 2020 earnings released: EPS €3.20 (vs €4.91 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €6.02b (down 9.5% from FY 2019). Net income: €492.0m (down 35% from FY 2019). Profit margin: 8.2% (down from 11% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 11% per year. Reported Earnings • Mar 14
Full year 2020 earnings released: EPS €3.20 (vs €4.91 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €6.02b (down 9.5% from FY 2019). Net income: €492.0m (down 35% from FY 2019). Profit margin: 8.2% (down from 11% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 10% per year. Is New 90 Day High Low • Mar 04
New 90-day high: €49.40 The company is up 24% from its price of €40.00 on 04 December 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €92.54 per share. Price Target Changed • Mar 01
Price target raised to €46.58 Up from €42.73, the current price target is an average from 10 analysts. The new target price is close to the current share price of €48.00. As of last close, the stock is up 25% over the past year. Is New 90 Day High Low • Feb 10
New 90-day high: €47.26 The company is up 22% from its price of €38.68 on 11 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €99.13 per share. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improved over the past week After last week's 15% share price gain to €46.84, the stock is trading at a trailing P/E ratio of 15.9x, up from the previous P/E ratio of 13.8x. This compares to an average P/E of 26x in the Media industry in Germany. Total return to shareholders over the past three years is a loss of 22%. Price Target Changed • Jan 29
Price target raised to €42.73 Up from €39.77, the current price target is an average from 11 analysts. The new target price is 7.1% below the current share price of €46.00. As of last close, the stock is up 11% over the past year. Is New 90 Day High Low • Jan 16
New 90-day high: €40.82 The company is up 22% from its price of €33.54 on 16 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €105 per share. Is New 90 Day High Low • Dec 24
New 90-day high: €40.14 The company is up 29% from its price of €31.00 on 25 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Media industry, which is also up 29% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €60.87 per share. Is New 90 Day High Low • Dec 04
New 90-day high: €39.50 The company is up 34% from its price of €29.58 on 04 September 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €53.12 per share. Is New 90 Day High Low • Nov 05
New 90-day high: €35.70 The company is up 25% from its price of €28.46 on 07 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €52.70 per share. Is New 90 Day High Low • Sep 28
New 90-day high: €32.00 The company is up 13% from its price of €28.24 on 30 June 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €62.56 per share. 
