Board Change • May 21
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Marta Trueba was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 08
Vocento, S.A., Annual General Meeting, May 13, 2026 Vocento, S.A., Annual General Meeting, May 13, 2026. Location: hotel melia bilbao, calle lehendakari leizaola 29., bilbao Spain Aankondiging • Mar 28
Vocento, S.A., Annual General Meeting, May 06, 2025 Vocento, S.A., Annual General Meeting, May 06, 2025. Location: hotel melia bilbao, calle lehendakari leizaola 29, bilbao Spain New Risk • Aug 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €91.5m (US$100.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 261% Cash payout ratio: 178% Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (€91.5m market cap, or US$100.0m). Upcoming Dividend • Apr 30
Upcoming dividend of €0.036 per share Eligible shareholders must have bought the stock before 07 May 2024. Payment date: 09 May 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.6%). Reported Earnings • Apr 25
Full year 2023 earnings released: EPS: €0.033 (vs €0.031 in FY 2022) Full year 2023 results: EPS: €0.033 (up from €0.031 in FY 2022). Revenue: €358.6m (up 5.0% from FY 2022). Net income: €4.01m (up 7.0% from FY 2022). Profit margin: 1.1% (in line with FY 2022). Revenue is forecast to grow 1.7% 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 87% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 21
Full year 2022 earnings released: EPS: €0.031 (vs €0.085 in FY 2021) Full year 2022 results: EPS: €0.031 (down from €0.085 in FY 2021). Revenue: €341.4m (up 4.4% from FY 2021). Net income: €3.75m (down 64% from FY 2021). Profit margin: 1.1% (down from 3.1% in FY 2021). Revenue is forecast to stay flat during the next 3 years compared to a 4.3% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 28
Full year 2022 earnings released Full year 2022 results: Revenue: €344.8m (up 5.5% from FY 2021). Net income: €3.75m (down 69% from FY 2021). Profit margin: 1.1% (down from 3.7% in FY 2021). Revenue is forecast to stay flat during the next 3 years compared to a 5.1% growth forecast for the Media industry in Germany. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Director Beatriz Reyero del Rio was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 28
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: (down 100% from 2Q 2021). Net income: (down €10.6m from profit in 2Q 2021). Profit margin: (down from 9.7% in 2Q 2021). Aankondiging • May 10
Vocento, S.A. to Report Q1, 2022 Results on May 18, 2022 Vocento, S.A. announced that they will report Q1, 2022 results on May 18, 2022 Upcoming Dividend • May 02
Upcoming dividend of €0.036 per share Eligible shareholders must have bought the stock before 09 May 2022. Payment date: 11 May 2022. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 4.6%. Within top quartile of German dividend payers (4.1%). Lower than average of industry peers (6.2%). Reported Earnings • Apr 29
Full year 2021 earnings released: EPS: €0.099 (vs €0.19 loss in FY 2020) Full year 2021 results: EPS: €0.099 (up from €0.19 loss in FY 2020). Revenue: €327.0m (up 4.0% from FY 2020). Net income: €12.0m (up €35.1m from FY 2020). Profit margin: 3.7% (up from net loss in FY 2020). Over the next year, revenue is forecast to grow 11%, compared to a 7.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Beatriz Reyero del Río was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 03
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: €0.11 (up from €0.18 loss in FY 2020). Revenue: €327.0m (down 3.7% from FY 2020). Net income: €10.3m (up €32.0m from FY 2020). Profit margin: 3.1% (up from net loss in FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 11%, compared to a 8.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Aankondiging • Feb 12
Vocento, S.A. to Report Fiscal Year 2021 Final Results on Feb 28, 2022 Vocento, S.A. announced that they will report fiscal year 2021 final results on Feb 28, 2022 Reported Earnings • Nov 14
Third quarter 2021 earnings released: €0.021 loss per share The company reported a soft third quarter result with weaker revenues and control over costs, although losses reduced. Third quarter 2021 results: Revenue: €16.8m (down 18% from 3Q 2020). Net loss: €2.52m (loss narrowed 15% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Reported Earnings • Jul 29
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €90.2m (up 22% from 2Q 2020). Net income: €10.6m (up €16.0m from 2Q 2020). Profit margin: 12% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Reported Earnings • May 05
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €339.5m (down 14% from FY 2019). Net loss: €21.8m (down 448% from profit in FY 2019). Aankondiging • Apr 29
Newen Distribution agreed to acquire 45% stake in iZen Group from Newen Distribution for €10.6 million. Newen Distribution agreed to acquire 45% stake in iZen Group from Newen Distribution for €10.6 million on April 27, 2021. Reported Earnings • Mar 03
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €339.5m (down 14% from FY 2019). Net loss: €21.8m (down 448% from profit in FY 2019). Analyst Estimate Surprise Post Earnings • Mar 03
Revenue beats expectations Revenue exceeded analyst estimates by 2.1%. Over the next year, revenue is forecast to grow 8.7%, compared to a 3.5% growth forecast for the Media industry in Germany. Aankondiging • Feb 12
Vocento, S.A. to Report Fiscal Year 2020 Results on Feb 26, 2021 Vocento, S.A. announced that they will report fiscal year 2020 results on Feb 26, 2021 Is New 90 Day High Low • Dec 31
New 90-day high: €0.95 The company is up 57% from its price of €0.61 on 02 October 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 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.70 per share. Is New 90 Day High Low • Dec 08
New 90-day high: €0.74 The company is up 17% from its price of €0.63 on 09 September 2020. The German market is up 3.0% 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 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.60 per share. Analyst Estimate Surprise Post Earnings • Nov 17
Revenue beats expectations Revenue exceeded analyst estimates by 1.0%. Over the next year, revenue is forecast to stay flat compared to a 2.4% growth forecast for the Media industry in Germany. Is New 90 Day High Low • Nov 16
New 90-day high: €0.66 The company is up 2.0% from its price of €0.65 on 18 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Media industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.62 per share. Analyst Estimate Surprise Post Earnings • Nov 15
Revenue beats expectations Revenue exceeded analyst estimates by 1.0%. Over the next year, revenue is forecast to grow 2.4%, compared to a 2.2% growth forecast for the Media industry in Germany. Aankondiging • Nov 07
Vocento, S.A. to Report Nine Months, 2020 Results on Nov 12, 2020 Vocento, S.A. announced that they will report nine months, 2020 results on Nov 12, 2020 Aankondiging • Oct 30
Vocento, S.A. (BME:VOC) acquired Mateo & Co SL from Patricia Mateo. Vocento, S.A. (BME:VOC) acquired Mateo & Co SL from Patricia Mateo on October 29, 2020. Mateo & Co reported revenues of €2.1 million and EBITDA of €0.45 million last year. Pursuant to the transaction, Patricia Mateo, current General Director of Mateo & CO will join as the new Director of Gastronomy of Vocento. Likewise, Luis Martí, current Business Development Director & Partner of Mateo & Co, as Commercial Director and Lola Montes, current Account and Strategy Director & Partner of Mateo&Co as Account and Strategy Director will join the executive management team of the business unit, led by Iñigo Iribarnegaray and Benjamín Lana.
Vocento, S.A. (BME:VOC) completed the acquisition of Mateo & Co SL from Patricia Mateo on October 29, 2020. Is New 90 Day High Low • Sep 18
New 90-day low: €0.63 The company is down 16% from its price of €0.75 on 19 June 2020. The German market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.86 per share. Aankondiging • Jul 17
Vocento, S.A. to Report First Half, 2020 Results on Jul 28, 2020 Vocento, S.A. announced that they will report first half, 2020 results on Jul 28, 2020 
