New Risk • Aug 12
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.22m (US$10.7m) This is considered a major 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 Risks Negative equity (-€1.8m). Earnings have declined by 70% per year over the past 5 years. Market cap is less than US$10m (€9.22m market cap, or US$10.7m). Minor Risk Share price has been volatile over the past 3 months (5.1% average weekly change). Buy Or Sell Opportunity • Aug 12
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 45% to €1.28. The fair value is estimated to be €1.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.0% over the last 3 years. Meanwhile, the company became loss making. New Risk • Aug 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Spanish stocks, typically moving 4.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Negative equity (-€1.8m). Earnings have declined by 70% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (4.5% average weekly change). Market cap is less than US$100m (€10.1m market cap, or US$11.8m). Aankondiging • May 30
Media Investment Optimization, S.A., Annual General Meeting, Jun 30, 2025 Media Investment Optimization, S.A., Annual General Meeting, Jun 30, 2025. Location: calle alfonso xi no. 3., madrid Spain New Risk • Apr 22
New major risk - Negative shareholders equity The company has negative equity. Total equity: -€1.8m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Negative equity (-€1.8m). Earnings have declined by 70% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€16.3m market cap, or US$18.8m). Price Target Changed • Apr 14
Price target decreased by 37% to €6.00 Down from €9.55, the current price target is provided by 1 analyst. New target price is 140% above last closing price of €2.50. Stock is down 34% over the past year. The company is forecast to post earnings per share of €0.089 next year compared to a net loss per share of €0.52 last year. Board Change • Apr 14
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Aankondiging • Mar 06
Media Investment Optimization, S.A. (BME:MIO) acquired remaining 24.95% stake in Firma Brand Communication SL from Founding Partners. Media Investment Optimization, S.A. (BME:MIO) acquired remaining 24.95% stake in Firma Brand Communication SL from Founding Partners for €3.1 million on March 4, 2025. Media Investment Optimization acquired 834 shares in FIRMA BRAND COMMUNICATION, S.L. (“Firma”) pursuant to an agreement reached with the Founding Partners of Firma to acquire 24.95% of Firma at this time, for a price of €3.12 million plus a variable portion that will accrue based on Firma's performance in 2026 and 2027. With this acquisition, MioGroup's position in Firma rises to 100% of Firma's share capital. The acquisition has been partially financed with external funds with financing arranged with EBN Banco amounts to €3 million. The rest of the price has been financed with the Company's own funds.
Media Investment Optimization, S.A. (BME:MIO) completed the acquisition of remaining 24.95% stake in Firma Brand Communication SL from Founding Partners on March 4, 2025. Board Change • Feb 24
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Price Target Changed • Jan 29
Price target decreased by 37% to €6.00 Down from €9.55, the current price target is provided by 1 analyst. New target price is 122% above last closing price of €2.70. Stock is down 38% over the past year. The company is forecast to post earnings per share of €0.089 next year compared to a net loss per share of €0.52 last year. Board Change • Jan 29
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Oct 29
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 37% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Market cap is less than US$100m (€22.1m market cap, or US$23.9m). Price Target Changed • May 13
Price target decreased by 37% to €6.00 Down from €9.55, the current price target is provided by 1 analyst. New target price is 44% above last closing price of €4.16. Stock is down 24% over the past year. The company is forecast to post earnings per share of €0.089 next year compared to a net loss per share of €0.52 last year. New Risk • Apr 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Spanish stocks, typically moving 4.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 37% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (4.4% average weekly change). Market cap is less than US$100m (€25.9m market cap, or US$27.6m). New Risk • Apr 14
New major risk - Revenue and earnings growth Earnings have declined by 33% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 33% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€25.2m market cap, or US$26.8m). New Risk • Mar 31
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2022. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2022 fiscal period end). Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risk Market cap is less than US$100m (€28.0m market cap, or US$30.3m). New Risk • Oct 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Spanish stocks, typically moving 4.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (4.2% average weekly change). Market cap is less than US$100m (€31.7m market cap, or US$33.5m). New Risk • Oct 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Market cap is less than US$100m (€34.9m market cap, or US$36.9m). Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €5.75, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 11x in the Media industry in Europe. Total loss to shareholders of 16% over the past year. New Risk • Aug 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Spanish stocks, typically moving 4.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (4.0% average weekly change). Market cap is less than US$100m (€35.2m market cap, or US$38.2m). Aankondiging • Jul 27
Media Investment Optimization, S.A. (BME:MIO) acquired 21% stake in SuperReal for €0.18 million. Media Investment Optimization, S.A. (BME:MIO) acquired 21% stake in SuperReal for €0.18 million on July 26, 2023. MioGroup will obtain another 14% of the consultancy in October. In total, it represents a capital inflow of 35% with options in the future to be able to acquire 100% of SuperReal.Media Investment Optimization, S.A. (BME:MIO) completed the acquisition of 21% stake in SuperReal on July 26, 2023. Aankondiging • Sep 28
MIOGROUP completed the acquisition of remaining 48.85% stakes in Artyco Comunicacion Y Servicios Sl for €0.73 million. MIOGROUP entered into an agreement to acquire remaining 48.85% stakes in Artyco Comunicacion Y Servicios Sl for €0.73 million on April 8, 2021.
MIOGROUP completed the acquisition of remaining 48.85% stakes in Artyco Comunicacion Y Servicios Sl for €0.73 million on September 26, 2022. Aankondiging • Jun 24
Media Investment Optimization, S.A. (BME:MIO) acquired 51% stake in firma. Media Investment Optimization, S.A. (BME:MIO) acquired 51% stake in firma on June 22, 2022.
Media Investment Optimization, S.A. (BME:MIO) completed the acquisition of 51% stake in firma on June 22, 2022. Aankondiging • Jun 22
Media Investment Optimization, S.A. (BME:MIO) acquired a 51% stake in Firma Brand Communication Sl for €5.6 million. Media Investment Optimization, S.A. (BME:MIO) acquired a 51% stake in Firma Brand Communication Sl for €5.6 million on June 21, 2022. Under the terms, Media Investment Optimization will pay 5,156,000 and 400,000 related to the performance of EBITDA. Media Investment has the the call option to acquire remaining 49% stake in Firma Brand.
Media Investment Optimization, S.A. (BME:MIO) completed the acquisition of a 51% stake in Firma Brand Communication Sl on June 21, 2022. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improved over the past week After last week's 17% share price gain to €7.10, the stock trades at a trailing P/E ratio of 75.5x. Average forward P/E is 14x in the Media industry in Europe. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €7.30, the stock trades at a trailing P/E ratio of 77.6x. Average trailing P/E is 18x in the Media industry in Europe. Aankondiging • Sep 04
Media Investment Optimization, S.A. (BME:MIO) signed a share purchase agreement to acquire Dendary. Media Investment Optimization, S.A. (BME:MIO) signed a share purchase agreement to acquire Dendary on September 2, 2021. The executive director of MioGroup, Francisco Jiménez-Alfaro, stressed that they are "very happy" that Dendary becomes part of MioGroup. For his part, Dendary CEO Aitor Grandes said they are "delighted" to join MioGroup. Aankondiging • Sep 03
Media Investment Optimization, S.A. (BME:MIO) acquired 51% stake in Metastartup, S.L. Media Investment Optimization, S.A. (BME:MIO) acquired 51% stake in Metastartup, S.L. on September 2, 2021. Media Investment Optimization, S.A. has made purchase commitment of the remaining 49%within a period of four years.
Media Investment Optimization, S.A. (BME:MIO) completed the acquisition of 51% stake in Metastartup, S.L. on September 2, 2021.