Mediaset España Comunicación (WBAG:TL5) - Share price, News & Analysis

TL5 fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	1/6
Past Performance	2/6
Financial Health	5/6
Dividends	0/6

TL5 Stock Overview

Mediaset España Comunicación, S.A., together with its subsidiaries, engages in the television broadcasting business in Spain.

Rewards

Trading at 51.5% below our estimate of its fair value

Earnings are forecast to grow 1.43% per year

Risk Analysis

No risks detected for TL5 from our risk checks.

Mediaset España Comunicación Competitors

Vivendi

ENXTPA:VIV

€12.3b

RTL Group

XTRA:RRTL

€8.3b

ITV

LSE:ITV

UK£3.1b

Métropole Télévision

ENXTPA:MMT

€2.3b

Price History & Performance

Summary of all time highs, changes and price drops for Mediaset España Comunicación
Historical stock prices
Current Share Price	€4.41
52 Week High	€5.84
52 Week Low	€3.77
Beta	1.11
1 Month Change	-6.13%
3 Month Change	2.89%
1 Year Change	-6.81%
3 Year Change	-34.41%
5 Year Change	n/a
Change since IPO	-52.37%

Shareholder Returns

	TL5	AT Media	AT Market
7D	1.7%	1.0%	1.3%
1Y	-6.8%	-14.6%	8.4%

Return vs Industry: TL5 exceeded the Austrian Media industry which returned -14.7% over the past year.

Return vs Market: TL5 underperformed the Austrian Market which returned 9.9% over the past year.

Price Volatility

Is TL5's price volatile compared to industry and market?
TL5 volatility
TL5 Average Weekly Movement	4.2%
Media Industry Average Movement	5.8%
Market Average Movement	5.7%
10% most volatile stocks in AT Market	8.0%
10% least volatile stocks in AT Market	3.0%

Stable Share Price: TL5 is not significantly more volatile than the rest of Austrian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: TL5's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1989	1,595	Paolo Vasile	https://www.mediaset.es

Mediaset España Comunicación, S.A., together with its subsidiaries, engages in the television broadcasting business in Spain. The company operates seven television channels comprising TELECINCO, FactorÃa de FicciÃ³n, BOING, Cuatro, Divinity, Energy, and Be Mad. It is also involved in the production and broadcast of audiovisual content; provision of news agency services; exploitation of advertising space on television channels; and advertising promotion activities.

Mediaset España Comunicación Fundamentals Summary

How do Mediaset España Comunicación's earnings and revenue compare to its market cap?
TL5 fundamental statistics
Market Cap	€1.38b
Earnings (TTM)	€181.03m
Revenue (TTM)	€865.92m

7.6x

P/E Ratio

1.6x

P/S Ratio

Is TL5 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
TL5 income statement (TTM)
Revenue	€865.92m
Cost of Revenue	€454.78m
Gross Profit	€411.14m
Other Expenses	€230.11m
Earnings	€181.03m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

May 11, 2022

Earnings per share (EPS)	0.58
Gross Margin	47.48%
Net Profit Margin	20.91%
Debt/Equity Ratio	4.8%

How did TL5 perform over the long term?

See historical performance and comparison

Valuation

Is Mediaset España Comunicación undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: TL5 (€4.41) is trading below our estimate of fair value (€9.09)

Significantly Below Fair Value: TL5 is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: TL5 is good value based on its PE Ratio (7.6x) compared to the European Media industry average (17.2x).

PE vs Market: TL5 is good value based on its PE Ratio (7.6x) compared to the Austrian market (14.3x).

Price to Earnings Growth Ratio

PEG Ratio: TL5 is poor value based on its PEG Ratio (5.3x)

Price to Book Ratio

PB vs Industry: TL5 is good value based on its PB Ratio (1.1x) compared to the XE Media industry average (1.9x).

Future Growth

How is Mediaset España Comunicación forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

1.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TL5's forecast earnings growth (1.4% per year) is above the savings rate (0.2%).

Earnings vs Market: TL5's earnings (1.4% per year) are forecast to grow slower than the Austrian market (7.8% per year).

High Growth Earnings: TL5's earnings are forecast to grow, but not significantly.

Revenue vs Market: TL5's revenue (1.1% per year) is forecast to grow slower than the Austrian market (2.5% per year).

High Growth Revenue: TL5's revenue (1.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: TL5's Return on Equity is forecast to be low in 3 years time (13.7%).

Past Performance

How has Mediaset España Comunicación performed over the past 5 years?

-0.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TL5 has high quality earnings.

Growing Profit Margin: TL5's current net profit margins (20.9%) are lower than last year (21.6%).

Past Earnings Growth Analysis

Earnings Trend: TL5's earnings have declined by 0.6% per year over the past 5 years.

Accelerating Growth: TL5's earnings growth over the past year (1.3%) exceeds its 5-year average (-0.6% per year).

Earnings vs Industry: TL5 earnings growth over the past year (1.3%) underperformed the Media industry 62.2%.

Return on Equity

High ROE: TL5's Return on Equity (14.3%) is considered low.

Financial Health

How is Mediaset España Comunicación's financial position?

Financial Position Analysis

Short Term Liabilities: TL5's short term assets (€560.0M) exceed its short term liabilities (€287.5M).

Long Term Liabilities: TL5's short term assets (€560.0M) exceed its long term liabilities (€145.3M).

Debt to Equity History and Analysis

Debt Level: TL5 has more cash than its total debt.

Reducing Debt: TL5's debt to equity ratio has increased from 1.6% to 4.8% over the past 5 years.

Debt Coverage: TL5's debt is well covered by operating cash flow (558.8%).

Interest Coverage: TL5 earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet

Dividend

What is Mediaset España Comunicación current dividend yield, its reliability and sustainability?

8.36%

Forecast Dividend Yield

Dividend Yield vs Market

Notable Dividend: Unable to evaluate TL5's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate TL5's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if TL5's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TL5's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: TL5 is not paying a notable dividend for the Austrian market.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as TL5 has not reported any payouts.

Next Steps

Explore strong dividend paying companies in the Media industry.

Management

How experienced are the management team and are they aligned to shareholders interests?

9.0yrs

Average board tenure

CEO

Paolo Vasile

no data

Tenure

€2,097,000

Compensation

Mr. Paolo Vasile serves as the Chief Executive Officer of Mediaset Espana Comunicacion SA (also known as, Mediaset España Comunicación, S.A. (formerly known as Gestevision Telecinco SA).) and has been its...

CEO Compensation Analysis

Compensation vs Market: Paolo's total compensation ($USD2.28M) is above average for companies of similar size in the Austrian market ($USD1.26M).

Compensation vs Earnings: Paolo's compensation has been consistent with company performance over the past year.

Board Members

Experienced Board: TL5's board of directors are considered experienced (9 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/04/22 00:00
End of Day Share Price	2022/04/21 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31