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RTL Group

ENXTBR:RTL
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RTL
ENXTBR
€7B
Market Cap
  1. Home
  2. BE
  3. Media
Company description

RTL Group SA operates television (TV) channels and radio stations worldwide. The last earnings update was 18 days ago. More info.


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RTL Share Price and Events
7 Day Returns
3.4%
ENXTBR:RTL
-2.2%
Europe Media
-5.6%
BE Market
1 Year Returns
-32.7%
ENXTBR:RTL
-6.6%
Europe Media
-9.3%
BE Market
RTL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
RTL Group (RTL) 3.4% -4.8% 2.2% -32.7% -38% -38.5%
Europe Media -2.2% 0.8% 2.3% -6.6% -12.5% -5.1%
BE Market -5.6% -6.8% 3.2% -9.3% -15.8% 2.7%
1 Year Return vs Industry and Market
  • RTL underperformed the Media industry which returned -6.6% over the past year.
  • RTL underperformed the Market in Belgium which returned -9.3% over the past year.
Price Volatility
RTL
Industry
5yr Volatility vs Market
Related Companies

Value

 Is RTL Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of RTL Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for RTL Group.

ENXTBR:RTL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.3%
Perpetual Growth Rate 10-Year BE Government Bond Rate 0.8%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ENXTBR:RTL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year BE Govt Bond Rate 0.8%
Equity Risk Premium S&P Global 6%
Media Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.81 (1 + (1- 26.01%) (12.13%))
0.921
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.92
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.77% + (0.921 * 5.96%)
6.26%

Discounted Cash Flow Calculation for ENXTBR:RTL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for RTL Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ENXTBR:RTL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.26%)
2019 619.08 Analyst x4 582.60
2020 738.81 Analyst x7 654.31
2021 647.66 Analyst x4 539.79
2022 613.00 Analyst x1 480.80
2023 626.00 Analyst x1 462.07
2024 602.52 Est @ -3.75% 418.53
2025 588.10 Est @ -2.39% 384.44
2026 579.60 Est @ -1.45% 356.56
2027 575.07 Est @ -0.78% 332.93
2028 573.26 Est @ -0.32% 312.33
Present value of next 10 years cash flows €4,524.35
ENXTBR:RTL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €573.26 × (1 + 0.77%) ÷ (6.26% – 0.77%)
€10,520.23
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €10,520.23 ÷ (1 + 6.26%)10
€5,731.69
ENXTBR:RTL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €4,524.35 + €5,731.69
€10,256.04
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €10,256.04 / 153.62
€66.76
ENXTBR:RTL Discount to Share Price
Calculation Result
Value per share (EUR) From above. €66.76
Current discount Discount to share price of €47.98
= -1 x (€47.98 - €66.76) / €66.76
28.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price RTL Group is available for.
Intrinsic value
28%
Share price is €47.98 vs Future cash flow value of €66.76
Current Discount Checks
For RTL Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • RTL Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • RTL Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for RTL Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are RTL Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTBR:RTL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €4.35
ENXTBR:RTL Share Price ** ENXTBR (2019-05-10) in EUR €47.98
Europe Media Industry PE Ratio Median Figure of 114 Publicly-Listed Media Companies 16.95x
Belgium Market PE Ratio Median Figure of 85 Publicly-Listed Companies 15.11x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of RTL Group.

ENXTBR:RTL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTBR:RTL Share Price ÷ EPS (both in EUR)

= 47.98 ÷ 4.35

11.03x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • RTL Group is good value based on earnings compared to the Europe Media industry average.
  • RTL Group is good value based on earnings compared to the Belgium market.
Price based on expected Growth
Does RTL Group's expected growth come at a high price?
Raw Data
ENXTBR:RTL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
2.1%per year
Europe Media Industry PEG Ratio Median Figure of 65 Publicly-Listed Media Companies 1.73x
Belgium Market PEG Ratio Median Figure of 41 Publicly-Listed Companies 1.81x

*Line of best fit is calculated by linear regression .

ENXTBR:RTL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.03x ÷ 2.1%

5.25x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • RTL Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on RTL Group's assets?
Raw Data
ENXTBR:RTL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €19.85
ENXTBR:RTL Share Price * ENXTBR (2019-05-10) in EUR €47.98
Europe Media Industry PB Ratio Median Figure of 166 Publicly-Listed Media Companies 1.41x
Belgium Market PB Ratio Median Figure of 119 Publicly-Listed Companies 1.53x
ENXTBR:RTL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTBR:RTL Share Price ÷ Book Value per Share (both in EUR)

= 47.98 ÷ 19.85

2.42x

* Primary Listing of RTL Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • RTL Group is overvalued based on assets compared to the Europe Media industry average.
X
Value checks
We assess RTL Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Media industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Media industry average (and greater than 0)? (1 check)
  5. RTL Group has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is RTL Group expected to perform in the next 1 to 3 years based on estimates from 14 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
2.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is RTL Group expected to grow at an attractive rate?
  • RTL Group's earnings growth is expected to exceed the low risk savings rate of 0.8%.
Growth vs Market Checks
  • RTL Group's earnings growth is positive but not above the Belgium market average.
  • RTL Group's revenue growth is positive but not above the Belgium market average.
Annual Growth Rates Comparison
Raw Data
ENXTBR:RTL Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTBR:RTL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 2.1%
ENXTBR:RTL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 2.2%
Europe Media Industry Earnings Growth Rate Market Cap Weighted Average 11.7%
Europe Media Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
Belgium Market Earnings Growth Rate Market Cap Weighted Average 9.3%
Belgium Market Revenue Growth Rate Market Cap Weighted Average 3.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ENXTBR:RTL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTBR:RTL Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 7,247 2
2022-12-31 7,126 2
2021-12-31 6,959 990 704 7
2020-12-31 6,835 982 699 14
2019-12-31 6,666 887 674 11
ENXTBR:RTL Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 6,505 873 668
2018-09-30 6,491 1,058 729
2018-06-30 6,441 1,035 737
2018-03-31 6,384 1,040 713
2017-12-31 6,373 1,023 739
2017-09-30 6,357 868 711
2017-06-30 6,337 917 699
2017-03-31 6,210 1,007 719
2016-12-31 6,237 1,106 720
2016-09-30 6,118 1,127 768
2016-06-30 6,119 1,091 779
2016-03-31 6,153 1,094 821

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • RTL Group's earnings are expected to grow by 2.1% yearly, however this is not considered high growth (20% yearly).
  • RTL Group's revenue is expected to grow by 2.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ENXTBR:RTL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below

All data from RTL Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTBR:RTL Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 4.51 5.00 3.88 3.00
2019-12-31 4.44 4.65 4.21 3.00
ENXTBR:RTL Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 4.35
2018-09-30 4.75
2018-06-30 4.80
2018-03-31 4.64
2017-12-31 4.81
2017-09-30 4.63
2017-06-30 4.55
2017-03-31 4.68
2016-12-31 4.69
2016-09-30 5.00
2016-06-30 5.07
2016-03-31 5.35

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • RTL Group is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess RTL Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
RTL Group has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has RTL Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare RTL Group's growth in the last year to its industry (Media).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • RTL Group's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • RTL Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • RTL Group's 1-year earnings growth is negative, it can't be compared to the Europe Media industry average.
Earnings and Revenue History
RTL Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from RTL Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTBR:RTL Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 6,505.00 668.00 271.00
2018-09-30 6,491.00 729.00 281.00
2018-06-30 6,441.00 737.00 281.00
2018-03-31 6,384.00 713.00 281.00
2017-12-31 6,373.00 739.00 276.00
2017-09-30 6,357.00 711.00 281.00
2017-06-30 6,337.00 699.00 281.00
2017-03-31 6,210.00 719.00 281.00
2016-12-31 6,237.00 720.00 281.00
2016-09-30 6,118.00 768.00 282.00
2016-06-30 6,119.00 779.00 282.00
2016-03-31 6,153.00 821.00 282.00
2015-12-31 6,029.00 789.00 282.00
2015-09-30 6,003.00 811.00 267.00
2015-06-30 5,909.00 801.00 267.00
2015-03-31 5,803.00 667.00 267.00
2014-12-31 5,808.00 652.00 267.00
2014-09-30 5,758.00 640.00 273.00
2014-06-30 5,756.00 654.00 273.00
2014-03-31 5,820.00 828.00 273.00
2013-12-31 5,824.00 870.00 273.00
2013-09-30 5,899.00 753.00 279.00
2013-06-30 5,938.00 741.00 279.00
2013-03-31 5,993.00 618.00 279.00
2012-12-31 5,998.00 598.00 279.00
2012-09-30 5,631.00 595.00 144.50
2012-06-30 5,855.00 705.00 289.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • RTL Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • RTL Group used its assets more efficiently than the Europe Media industry average last year based on Return on Assets.
  • RTL Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess RTL Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Media industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
RTL Group has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is RTL Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up RTL Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • RTL Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • RTL Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of RTL Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 4.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from RTL Group Company Filings, last reported 4 months ago.

ENXTBR:RTL Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 3,553.00 894.00 424.00
2018-09-30 3,271.00 1,186.00 256.00
2018-06-30 3,287.00 1,170.00 227.00
2018-03-31 3,516.00 671.00 299.00
2017-12-31 3,432.00 815.00 270.00
2017-09-30 3,098.00 1,437.00 335.00
2017-06-30 3,307.00 1,284.00 282.00
2017-03-31 3,682.00 882.00 491.00
2016-12-31 3,552.00 1,010.00 435.00
2016-09-30 3,176.00 1,357.00 365.00
2016-06-30 3,235.00 1,311.00 340.00
2016-03-31 3,532.00 794.00 395.00
2015-12-31 3,409.00 1,129.00 460.00
2015-09-30 3,043.00 1,396.00 283.00
2015-06-30 3,103.00 1,336.00 316.00
2015-03-31 3,478.00 891.00 414.00
2014-12-31 3,275.00 1,104.00 515.00
2014-09-30 2,883.00 1,271.00 321.00
2014-06-30 3,043.00 834.00 334.00
2014-03-31 3,664.00 567.00 609.00
2013-12-31 3,593.00 565.00 552.00
2013-09-30 3,312.00 832.00 377.00
2013-06-30 3,578.00 540.00 313.00
2013-03-31 3,405.00 835.00 553.00
2012-12-31 4,858.00 29.00 732.00
2012-09-30
2012-06-30 4,540.00 44.00 448.00
  • RTL Group's level of debt (25.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (15.7% vs 25.2% today).
  • Debt is well covered by operating cash flow (97.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 54.4x coverage).
X
Financial health checks
We assess RTL Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. RTL Group has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is RTL Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
8.34%
Current annual income from RTL Group dividends. Estimated to be 7.99% next year.
If you bought €2,000 of RTL Group shares you are expected to receive €167 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • RTL Group's pays a higher dividend yield than the bottom 25% of dividend payers in Belgium (2.41%).
  • RTL Group's dividend is above the markets top 25% of dividend payers in Belgium (4.9%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ENXTBR:RTL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
Europe Media Industry Average Dividend Yield Market Cap Weighted Average of 86 Stocks 3.9%
Belgium Market Average Dividend Yield Market Cap Weighted Average of 78 Stocks 3.7%
Belgium Minimum Threshold Dividend Yield 10th Percentile 1.2%
Belgium Bottom 25% Dividend Yield 25th Percentile 2.4%
Belgium Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ENXTBR:RTL Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 3.83 3.00
2019-12-31 3.83 3.00
ENXTBR:RTL Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-04-26 4.000 8.246
2019-03-13 4.000 7.932
2018-04-19 4.000 7.036
2018-03-07 4.000 5.864
2017-04-19 4.000 5.982
2017-03-09 4.000 5.375
2016-11-10 2.000 2.884
2016-08-25 2.000 2.744
2016-04-21 4.000 5.246
2016-03-10 4.000 5.385
2015-11-12 3.500 4.585
2015-08-27 3.500 4.519
2015-04-16 5.500 6.676
2015-03-06 5.500 6.071
2014-11-13 4.500 5.565
2014-08-22 4.500 6.350
2014-03-17 7.000 8.686
2014-03-06 7.000 7.881
2013-11-12 7.600 8.297
2013-08-22 7.600 9.916
2013-08-21 7.600 10.905
2013-02-25 5.100 8.324
2012-04-19 5.100 6.976
2012-03-06 5.100 6.713
2011-04-21 5.000 7.227
2011-03-10 5.000 6.916
2010-03-11 3.500 5.418
2009-12-31 3.500 6.958

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • RTL Group has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but RTL Group only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of RTL Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess RTL Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can RTL Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. RTL Group has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of RTL Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Thomas Rabe
AGE 53
TENURE AS CEO 0.1 years
CEO Bio

Dr. Thomas Rabe has been the Chairman of the Executive Board and Chief Executive Officer of Bertelsmann Management SE (Formerly, Bertelsmann AG) since January 1, 2012. Dr. Rabe serves as Chairman and Chief Executive Officer of Bertelsmann at Pearson plc. Dr. Rabe started his career in 1989 at the European Commission in Brussels. Dr. Rabe was appointed to the Executive Board of Bertelsmann AG as the Group’s Chief Financial Officer with effect from January 1, 2006. Dr. Rabe serves as Chief Executive Officer at RTL Group since April 01, 2019 and serves as it Director since January 01, 2006. He was Chairman of RTL Group from April 18, 2002 to April 01, 2019. From 2006 to 2008, he was additionally responsible for Bertelsmann AG’s music business. He is a Director at SPORTFIVE S.A. In March 2003, he was also appointed Head of the Corporate Centre with responsibility for the Luxembourgish activities of RTL Group. He held various senior positions at Forrester Norall and Sutton (now White and Case) in Brussels, the state privatisation agency Treuhandanstalt, and a venture capital fund in Berlin from 1990 to 1996. In 1996, he joined Cedel International (Clearstream, following the merger with Deutsche Börse Clearing) where he was appointed Chief Financial Officer and member of the Management Board in 1998. In 2000, he became Chief Financial Officer of RTL Group. Dr. Rabe serves as Chairman of Supervisory Board at Symrise AG and RTL Group S.A. He serves as Chairman of Statutory Supervisory Board at BMG RM Germany GmbH. He served as Deputy Chairman of Statutory Supervisory Board at Arvato AG and its Chairman of Statutory Supervisory Board until August 3, 2016. He serves as a Member of Statutory Supervisory Board at Druck- und Verlagshaus Gruner + Jahr Aktiengesellschaft. He is the Chairman of the Supervisory Board of Bertelsmann Inc., Bertelsmann Learning LLC and Penguin Random House LLC since January 1, 2018. He serves as Member of Supervisory Board at Penguin Random House LLC, Relias Learning LLC, Bertelsmann Capital Investment (S.A.), Bertelsmann Learning LLC, Bertelsmann Digital Media Investments S.A., Bertelsmann Inc., and Edmond Israel Foundation. He has been a Member of Supervisory Board at Springer Science + Business Media S.A. since April 20, 2010. He served as Member of Supervisory Board at Artist Education Systems until January 1, 2016. He holds an MBA and DD in Economics from Universität zu Köln. Dr. Rabe holds a diploma and a doctorate in economics from the University of Cologne, Germany.

CEO Compensation
  • Insufficient data for Thomas to compare compensation growth.
  • Insufficient data for Thomas to establish whether their remuneration is reasonable compared to companies of similar size in Belgium.
Management Team Tenure

Average tenure and age of the RTL Group management team in years:

3.3
Average Tenure
53
Average Age
  • The tenure for the RTL Group management team is about average.
Management Team

Thomas Rabe

TITLE
CEO & Director
AGE
53
TENURE
0.1 yrs

Elmar Heggen

TITLE
Deputy CEO
AGE
50
TENURE
12.6 yrs

Andrew Buckhurst

TITLE
Senior Vice President of Investor Relations
AGE
52

Vincent de Dorlodot

TITLE
General Counsel
AGE
53
TENURE
19.1 yrs

Ursula Schmidt

TITLE
Executive Vice President of Audit & Compliance
AGE
51
TENURE
3.3 yrs

Oliver Fahlbusch

TITLE
Group Executive VP of Corporate Communications & Marketing
AGE
45
TENURE
3.3 yrs

Francesco Costadura

TITLE
Executive VP of HR & Head of Human Resources
AGE
53
TENURE
2.8 yrs

Nicolás de Tavernost Abel

TITLE
Chairman of the Management Board of Groupe M6 & CEO of Groupe M6
AGE
68

Eduardo Zulueta

TITLE
Managing Director of Mabuat (Spain)
AGE
60

Jean-Marie Bourhis

TITLE
Deputy CFO & Executive VP of Finance
AGE
62
Board of Directors Tenure

Average tenure and age of the RTL Group board of directors in years:

5.6
Average Tenure
57
Average Age
  • The tenure for the RTL Group board of directors is about average.
Board of Directors

John Taylor

TITLE
Chairman of the Board
AGE
66
TENURE
0.1 yrs

Thomas Rabe

TITLE
CEO & Director
AGE
53
TENURE
13.3 yrs

James Singh

TITLE
Vice Chairman of the Board
AGE
72
TENURE
0.1 yrs

Elmar Heggen

TITLE
Deputy CEO
AGE
50
TENURE
7.1 yrs

Rolf Schmidt-Holtz

TITLE
Non-Executive Director
AGE
70
TENURE
7.1 yrs

Guillaume de Posch

TITLE
Non-Executive Director
AGE
60
TENURE
7.1 yrs

Bernd Kundrun

TITLE
Non-Executive Director
AGE
61
TENURE
7.1 yrs

Thomas Götz

TITLE
Non-Executive Director
AGE
47
TENURE
4.1 yrs

Bernd Hirsch

TITLE
Non-Executive Director
AGE
48
TENURE
3.1 yrs

Jean-Louis Schiltz

TITLE
Independent Non-Executive Director
AGE
54
TENURE
2.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess RTL Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. RTL Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is RTL Group SA (EBR:RTL) A Great Dividend Stock?

Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. … Historically, RTL Group SA (EBR:RTL) has paid a dividend to shareholders. … Let's dig deeper into whether RTL Group should have a place in your portfolio.

Simply Wall St -

What Can We Make Of RTL Group SA’s (EBR:RTL) High Return On Capital?

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Should You Be Excited About RTL Group SA's (EBR:RTL) 26% Return On Equity?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Another way to think of that is that for every €1 worth of equity in the company, it was able to earn €0.26. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Where RTL Group SA (EBR:RTL) Stands In Terms Of Earnings Growth Against Its Industry

Below, I will examine RTL Group SA's (EBR:RTL) track record on a high level, to give you some insight into how the company has been performing against its long term trend and its industry peers. … Could RTL beat the long-term trend and outperform its industry. … Furthermore, this one-year growth rate has exceeded its 5-year annual growth average of -0.7%, indicating the rate at which RTL is growing has accelerated

Simply Wall St -

RTL Group SA (EBR:RTL): The Return Story

and want to begin learning the link between RTL Group SA (EBR:RTL)’s return fundamentals and stock market performance. … Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … Thus, to understand how your money can grow by investing in RTL Group, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

Simply Wall St -

Is RTL Group SA's (EBR:RTL) 23.07% ROE Strong Compared To Its Industry?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to begin learning the link between company’s fundamentals and stock market performance. … This can be measured by looking at the company’s financial leverage.

Simply Wall St -

Is RTL Group SA (EBR:RTL) A Financially Strong Company?

Investors looking for stocks with high market liquidity and little debt on the balance sheet should consider RTL Group SA (EBR:RTL). … With a market valuation of €9.77b, RTL is a safe haven in times of market uncertainty due to its strong balance sheet. … In times of low liquidity in the market, these firms won’t be left high and dry.

Simply Wall St -

Is RTL Group SA (EBR:RTL) Attractive At This PE Ratio?

Although some investors may jump to the conclusion that this is a great buying opportunity, understanding the assumptions behind the P/E ratio might change your mind. … I will deconstruct the P/E ratio and highlight what you need to be careful of when using the P/E ratio … What you need to know about the P/E ratio

Simply Wall St -

Calculating The Fair Value Of RTL Group SA (EBR:RTL)

by taking the foreast future cash flows of the company and discounting them back to today's value. … Discounted Cash Flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

How Has RTL Group SA's (EBR:RTL) Earnings Fared Against The Long Term Trend

Assessing RTL Group SA's (EBR:RTL) past track record of performance is a valuable exercise for investors. … Today I will assess RTL's recent performance announced on 31 March 2018 and evaluate these figures to its longer term trend and industry movements. … Commentary On RTL's Past Performance

Simply Wall St -

Company Info

Description

RTL Group SA operates television (TV) channels and radio stations worldwide. It operates in six segments: Mediengruppe RTL Deutschland, Groupe M6, Fremantle, RTL Nederland, RTL Belgium, and Others. The company’s TV channels include RTL Television in Germany, M6 in France, RTL 4 in the Netherlands, and RTL-TVI in Belgium. It also has broadcasting operations, such as RTL Klub, RTL II, and six cable channels in Hungary; and RTL Televizija, RTL 2, and RTL Kockica in Croatia and Luxembourg, as well as interests in Atresmedia in Spain. In addition, the company operates eight video on-demand (VOD) platforms; and VOD platforms comprising the advertising financed services that include 6play in France, RTL Play in Belgium and Croatia, RTL Most in Hungary, RTL XL in the Netherlands, and Atresplayer in Spain. Further, it operates its flagship radio station is RTL Radio in France, as well as owns or has interests in stations, which comprise 104.6 RTL and Antenne Bayern in Germany; Bel RTL and Radio Contact in Belgium; Onda Cero, Europa FM, and Melodía FM in Spain; and RTL Radio Lëtzebuerg and Eldoradio in Luxembourg, as well as creates, produces, and distributes television content that range from talent and game shows to drama, daily soaps, and telenovelas. Additionally, the company invests in multi-channel networks, including BroadbandTV, StyleHaul, Divimove, and United Screens; and operates SpotX, which offers ad-tech investment services, as well as Clypd and Videoamp. It has interests in 60 television channels and 30 radio stations. The company was founded in 1924 and is headquartered in Luxembourg City, Luxembourg. RTL Group SA is a subsidiary of Bertelsmann Capital Holding GmbH.

Details
Name: RTL Group SA
RTL
Exchange: ENXTBR
Founded: 1924
€7,370,632,566
153,618,853
Website: http://www.rtlgroup.com
Address: RTL Group SA
43, Boulevard Pierre Frieden,
Luxembourg City,
1543,
Luxembourg
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTBR RTL Ordinary Shares Euronext Brussels BE EUR 02. Jan 1992
DB RRTL Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
XTRA AUO Ordinary Shares XETRA Trading Platform DE EUR 02. Jan 1992
LSE 0MNC Ordinary Shares London Stock Exchange GB EUR 02. Jan 1992
SWX RTL Ordinary Shares SIX Swiss Exchange CH CHF 02. Jan 1992
WBAG RTL Ordinary Shares Wiener Boerse AG AT EUR 02. Jan 1992
BDL RTLL Ordinary Shares Bourse de Luxembourg LU EUR 02. Jan 1992
BATS-CHIXE RTLB Ordinary Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
BATS-CHIXE RRTLD Ordinary Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
OTCPK RGLX.Y UNSPONSORD ADR Pink Sheets LLC US USD 27. Oct 2008
Number of employees
Current staff
Staff numbers
16,000
RTL Group employees.
Industry
Broadcasting
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/14 20:57
End of day share price update: 2019/05/10 00:00
Last estimates confirmation: 2019/05/10
Last earnings filing: 2019/04/26
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.