New Risk • Apr 24
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 5.7% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 02
Full year 2025 earnings released Full year 2025 results: Revenue: €243.5m (up 69% from FY 2024). Net income: €6.06m (up 111% from FY 2024). Profit margin: 2.5% (up from 2.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Entertainment industry in Europe. Reported Earnings • Sep 17
First half 2025 earnings released First half 2025 results: Revenue: €97.8m (up 69% from 1H 2024). Net income: €5.94m (down 19% from 1H 2024). Profit margin: 6.1% (down from 13% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Entertainment industry in Europe. Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €2.36, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 14x in the Entertainment industry in Europe. Total loss to shareholders of 22% over the past three years. Aankondiging • Aug 28
Squirrel Media, S.A. to Report First Half, 2025 Results on Sep 11, 2025 Squirrel Media, S.A. announced that they will report first half, 2025 results on Sep 11, 2025 Aankondiging • Aug 23
Squirrel Media, S.A. announced that it expects to receive €8.77 million in funding Squirrel Media, S.A announced a private placement of 3,248,148 shares at premium price €2.7 per share for gross proceeds €87,69,999.6 on August 22, 2025. To this end, 2,741,130 new ordinary shares with a par value of €0.50 each will be issued. The company will call a shareholder meeting on September 24th to approve a capital increase. Board Change • Aug 12
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Paula Santos was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • May 28
Squirrel Media, S.A., Annual General Meeting, Jun 27, 2025 Squirrel Media, S.A., Annual General Meeting, Jun 27, 2025. Location: edificio castellana 81, paseo de la castellana 81., madrid Spain New Risk • May 20
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.0% Last year net profit margin: 7.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks High level of debt (49% net debt to equity). Profit margins are more than 30% lower than last year (2.0% net profit margin). Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €2.50, the stock trades at a trailing P/E ratio of 28.4x. Average trailing P/E is 16x in the Entertainment industry in Europe. Total loss to shareholders of 27% over the past three years. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €2.21, the stock trades at a trailing P/E ratio of 25.1x. Average trailing P/E is 16x in the Entertainment industry in Europe. Total loss to shareholders of 37% over the past three years. Aankondiging • Mar 26
Squirrel Media, S.A. (BME:SQRL) agreed to acquire remaining 25% stake in Grupo Ganga Producciones SL for €0.67 million. Squirrel Media, S.A. (BME:SQRL) agreed to acquire remaining 25% stake in Grupo Ganga Producciones SL for €0.67 million on March 25, 2025. The consideration consists of 0.26 million common equity of Squirrel Media, S.A. to be issued for common equity of Grupo Ganga Producciones SL. The acquisition will be fully financed through the issuance of new Squirrel Media shares in a restricted capital increase (excluding pre-emptive subscription rights). Additionally, Squirrel and the founders of Grupo Ganga have agreed to capitalize the outstanding deferred amount from the initial acquisition of 75% of the company. This capitalisation will also be executed through a restricted capital increase at the same exchange price of €3.20 per share, leading to the issuance and allocation of an additional 195,735 shares. As a result, Squirrel will issue and deliver a total of 454,004 shares (258,269 + 195,735) to the founding shareholders of Grupo Ganga. This represents approximately 0.498% of Squirrel Media’s post-capital increase share capital. As part of the agreement, Squirrel and the founders of Grupo Ganga have established a three-year lock-up period, during which the shares received in this transaction may not be sold or lent. The founders will continue in the management of the company and will become shareholders of Squirrel. Upon completion, Squirrel Media, S.A. will own 100% stake in Grupo Ganga Producciones SL and also finalizes the agreed payment terms for the acquisition. The transaction also includes the acquisition of Grupo Ganga’s real estate assets, notably its studio in Pinto (Madrid), which spans over 8,000 square meters and includes outdoor locations, sets, editing rooms, and postproduction facilities. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €2.51, the stock trades at a trailing P/E ratio of 28.5x. Average trailing P/E is 16x in the Entertainment industry in Europe. Total loss to shareholders of 32% over the past three years. New Risk • Mar 06
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.5% Last year net profit margin: 7.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks High level of debt (47% net debt to equity). Profit margins are more than 30% lower than last year (5.5% net profit margin). New Risk • Feb 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Spanish stocks, typically moving 5.7% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (5.7% average weekly change). Minor Risks High level of debt (41% net debt to equity). Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €1.83, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 14x in the Entertainment industry in Europe. Total loss to shareholders of 52% over the past three years. New Risk • Feb 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. 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: Minor Risks High level of debt (41% net debt to equity). Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (5.6% average weekly change). Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €1.48, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 15x in the Entertainment industry in Europe. Total loss to shareholders of 58% over the past three years. New Risk • Jan 07
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: Minor Risks High level of debt (41% net debt to equity). Share price has been volatile over the past 3 months (4.5% average weekly change). New Risk • Aug 04
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 41% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (41% net debt to equity). Share price has been volatile over the past 3 months (5.0% average weekly change). Aankondiging • Jul 17
Squirrel Media, S.A. (BME:SQRL) acquired The Hook. Squirrel Media, S.A. (BME:SQRL) acquired The Hook on July 16, 2024. The transaction involves the purchase of 100% of The Hook's shares , free of any type of debt or contingency, while being fully financed with Squirrel Media's own funds.
Squirrel Media, S.A. (BME:SQRL) completed the acquisition of The Hook on July 16, 2024 New Risk • Feb 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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 Risk Share price has been highly volatile over the past 3 months (7.3% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Profit margins are more than 30% lower than last year (5.1% net profit margin). Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €1.54, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Entertainment industry in Europe. Total loss to shareholders of 61% over the past three years. Aankondiging • Dec 02
Squirrel Media, S.A. (BME:SQRL) agreed to acquire additional 24% stake in Grupo Ganga Producciones SL. Squirrel Media, S.A. (BME:SQRL) agreed to acquire additional 24% stake in Grupo Ganga Producciones SL on December 1, 2023. Post this transaction Squirrel Media, S.A. will hold 75% stake in Grupo Ganga Producciones SL. Jaime Aguilar of Andersen acted as legal advisor to Squirrel Media, S.A. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to €1.54, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Entertainment industry in Europe. Total loss to shareholders of 49% over the past three years. New Risk • Oct 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Spanish stocks, typically moving 5.6% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (5.6% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (5.1% net profit margin). Aankondiging • Sep 10
Squirrel Media, S.A. (BME:SQRL) completed the acquisition of a 74% stake in Mondo TV Studios S A U. Squirrel Media, S.A. (BME:SQRL) agreed to acquire a 74.24% stake in Mondo TV Studios S A U on April 13, 2023. Following the acquisition, Squirrel Media will delist the company. The transaction values the shares of Squirrel Media at 3.20 euros and those of Mondo TV Studios at 0.31 euros, representing a premium of 42.8% and 19.23%, respectively, compared to the current price of the titles. As of June 28, 2023, Squirrel Media, S.A shareholders approved the transaction in a general shareholder meeting. Jaime Aguilar and Patricia Motilla have advised Squirrel Media and Mondo TV Studios on the acquisition.
Squirrel Media, S.A. (BME:SQRL) completed the acquisition of a 74% stake in Mondo TV Studios S A U on September 8, 2023. Reported Earnings • Aug 02
First half 2023 earnings released First half 2023 results: Revenue: €50.4m (up 34% from 1H 2022). Net income: €5.19m (up 4.6% from 1H 2022). Profit margin: 10% (down from 13% in 1H 2022). The decrease in margin was driven by higher expenses. New Risk • Jul 03
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.5% Last year net profit margin: 7.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (6.3% average weekly change). High level of non-cash earnings (37% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (4.5% net profit margin). Aankondiging • Jun 24
Squirrel Media, S.A. (BME:SQRL) completed the acquisition of a 51% stake in Grupo Ganga Producciones Sl. Squirrel Media, S.A. (BME:SQRL) agreed to acquire 51% in Grupo Ganga Producciones Sl on December 22, 2022. Andersen has advised Squirrel Media on the acquisition of 51% of the business conglomerate Grupo Ganga. As of year ended 2022, Grupo Ganga Producciones SL repoted revenue of €22.6 million, EBITDA of €0.666 million and net income of €0.124 million. Jaime Aguilar, Corporate and M&A Partner, was esponsible for advising on the transaction.
Squirrel Media, S.A. (BME:SQRL) completed the acquisition of a 51% stake in Grupo Ganga Producciones Sl on June 22, 2023. New Risk • Jun 23
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Spanish stocks, typically moving 5.9% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (5.9% average weekly change). High level of non-cash earnings (51% accrual ratio). Reported Earnings • Mar 03
Full year 2022 earnings released Full year 2022 results: Revenue: €80.0m (up 14% from FY 2021). Net income: €9.41m (up 69% from FY 2021). Profit margin: 12% (up from 7.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Entertainment industry in Europe. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €2.22, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Entertainment industry in Europe. Total loss to shareholders of 28% over the past three years. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. No independent directors (7 non-independent directors). Director & Secretary Javier Salve was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Price Target Changed • Oct 14
Price target decreased to €3.29 Down from €4.40, the current price target is provided by 1 analyst. New target price is 10% above last closing price of €2.99. Stock is down 21% over the past year. Reported Earnings • Jul 31
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €5.03m from profit in 1H 2021). Profit margin: (down from 14% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 67%, compared to a 26% growth forecast for the industry in Spain. Board Change • Apr 27
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. No independent directors (7 non-independent directors). Director & Secretary Javier Salve was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Mar 01
Full year 2021 earnings: Revenues miss analyst expectations Full year 2021 results: Revenue: €69.7m (up 114% from FY 2020). Net income: €5.72m (up 310% from FY 2020). Profit margin: 8.2% (up from 4.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 52%, compared to a 42% growth forecast for the industry in Spain. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improved over the past week After last week's 16% share price gain to €3.87, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 23x in the Entertainment industry in Europe. Total returns to shareholders of 15% over the past three years. Analyst Estimate Surprise Post Earnings • Mar 07
Revenue misses expectations Revenue missed analyst estimates by 7.9%. Over the next year, revenue is forecast to grow 199%, compared to a 39% growth forecast for the Entertainment industry in Spain. Is New 90 Day High Low • Feb 12
New 90-day high: €4.04 The company is up 35% from its price of €3.00 on 13 November 2020. The Spanish market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 9.0% over the same period. Aankondiging • Feb 03
Vértice Trescientos Sesenta Grados, S.A. (BME:VER) reached an agreement to acquire digital terrestrial television license from Radio Popular S.A. - COPE. Vértice Trescientos Sesenta Grados, S.A. (BME:VER) reached an agreement to acquire digital terrestrial television license from Radio Popular S.A. - COPE on February 2, 2021. The agreement is conditioned to the regulated administrative procedure. Is New 90 Day High Low • Dec 21
New 90-day high: €4.02 The company is up 30% from its price of €3.10 on 22 September 2020. The Spanish market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 10.0% over the same period. Is New 90 Day High Low • Dec 20
New 90-day high: €4.02 The company is up 26% from its price of €3.20 on 21 September 2020. The Spanish market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 7.0% over the same period. Is New 90 Day High Low • Dec 18
New 90-day high: €4.02 The company is up 26% from its price of €3.20 on 18 September 2020. The Spanish market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 6.0% over the same period. Is New 90 Day High Low • Dec 15
New 90-day high: €3.89 The company is up 25% from its price of €3.10 on 16 September 2020. The Spanish market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 2.0% over the same period. Is New 90 Day High Low • Dec 13
New 90-day high: €3.78 The company is up 22% from its price of €3.10 on 14 September 2020. The Spanish market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 3.0% over the same period. Is New 90 Day High Low • Dec 12
New 90-day high: €3.78 The company is up 18% from its price of €3.20 on 11 September 2020. The Spanish market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 3.0% over the same period. Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improved over the past week After last week's 19% share price gain to €3.68, the stock is trading at a trailing P/E ratio of 8.3x, up from the previous P/E ratio of 7x. This compares to an average P/E of 35x in the Entertainment industry in Europe. Total returns to shareholders over the past year are 8.2%. Reported Earnings • Sep 30
First half earnings released Over the last 12 months the company has reported total profits of €7.64m, up 238% from the prior year. Total revenue was €14.4m over the last 12 months, up 80% from the prior year.