DB:EV4

Stock Analysis Report

Constantin Medien

Executive Summary

Sport1 Medien AG, together with its subsidiaries, operates as a media company in Germany, rest of Europe, and internationally.

Rewards

Earnings are forecast to grow 159.48% per year

Earnings have grown 8% per year over the past 5 years

Risk Analysis

No risks detected for EV4 from our risk checks.


Snowflake Analysis

Reasonable growth potential with adequate balance sheet.


Similar Companies

Share Price & News

How has Constantin Medien's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: EV4 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

EV4

-6.7%

DE Entertainment

-4.7%

DE Market


1 Year Return

28.1%

EV4

25.9%

DE Entertainment

8.3%

DE Market

Return vs Industry: EV4 underperformed the German Entertainment industry which returned 44.2% over the past year.

Return vs Market: EV4 exceeded the German Market which returned 17.1% over the past year.


Shareholder returns

EV4IndustryMarket
7 Day0%-6.7%-4.7%
30 Day0%-10.2%-4.0%
90 Day0%-2.1%-1.4%
1 Year28.1%28.1%27.6%25.9%11.7%8.3%
3 Year16.1%16.1%32.9%26.5%11.4%1.6%
5 Year75.7%75.7%96.5%80.9%15.1%-0.7%

Price Volatility Vs. Market

How volatile is Constantin Medien's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Constantin Medien undervalued compared to its fair value and its price relative to the market?

4.12x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: EV4 (€2.28) is trading above our estimate of fair value (€0.6)

Significantly Below Fair Value: EV4 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: EV4 is unprofitable, so we can't compare its PE Ratio to the Entertainment industry average.

PE vs Market: EV4 is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate EV4's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: EV4 is overvalued based on its PB Ratio (4.1x) compared to the DE Entertainment industry average (1.4x).


Next Steps

Future Growth

How is Constantin Medien forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

159.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EV4 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (-0.4%).

Earnings vs Market: EV4 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: EV4's is expected to become profitable in the next 3 years.

Revenue vs Market: EV4's revenue (7.1% per year) is forecast to grow faster than the German market (4.8% per year).

High Growth Revenue: EV4's revenue (7.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if EV4's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Constantin Medien performed over the past 5 years?

8.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EV4 is currently unprofitable.

Growing Profit Margin: EV4 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: EV4 is unprofitable, but has reduced losses over the past 5 years at a rate of 8% per year.

Accelerating Growth: Unable to compare EV4's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: EV4 is unprofitable, making it difficult to compare its past year earnings growth to the Entertainment industry (15.3%).


Return on Equity

High ROE: EV4 has a negative Return on Equity (-4.51%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Constantin Medien's financial position?


Financial Position Analysis

Short Term Liabilities: EV4's short term assets (€34.7M) exceed its short term liabilities (€32.0M).

Long Term Liabilities: EV4's short term assets (€34.7M) exceed its long term liabilities (€9.2M).


Debt to Equity History and Analysis

Debt Level: EV4's debt to equity ratio (0.02%) is considered satisfactory.

Reducing Debt: EV4's debt to equity ratio has reduced from 448.1% to 0.02% over the past 5 years.


Balance Sheet

Inventory Level: EV4 has a low level of unsold assets or inventory.

Debt Coverage by Assets: EV4's debt is covered by short term assets (assets are 2665.4x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: EV4 has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: EV4 has been profitable on average in the past, therefore cash runway is not a concern.


Next Steps

Dividend

What is Constantin Medien's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate EV4's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate EV4's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if EV4's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if EV4's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of EV4's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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

2.3yrs

Average board tenure


CEO

Olaf Schröder (48yo)

2.3yrs

Tenure

€632,581

Compensation

Mr. Olaf Schröder has been the Chief Executive Officer of Constantin Medien AG since August 2017. Mr. Schröder served as the Chief Operating Officer of Sports at Constantin Medien AG and serves as Chairman ...


CEO Compensation Analysis

Compensation vs Market: Olaf's total compensation ($USD700.69K) is about average for companies of similar size in the German market ($USD638.09K).

Compensation vs Earnings: Olaf's compensation has increased whilst the company is unprofitable.


Board Members

NamePositionTenureCompensationOwnership
Paul Graf
Chairman of Supervisory Board2.3yrs€75.00k0.000010% 21.6
Thomas von Petersdorff-Campen
Deputy Chairman of Supervisory Board2.3yrs€45.00kno data
Markus Prazeller
Member of Supervisory Board2.3yrs€25.00kno data
Edda Kraft
Member of Supervisory Board2.3yrs€20.00kno data
Gero Von Pelchrzim
Member of Supervisory Board2.3yrs€20.00kno data
Andreas Benz
Member of Supervisory Board2.3yrs€25.00kno data

2.3yrs

Average Tenure

Experienced Board: EV4's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


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.


Top Shareholders

Company Information

Sport1 Medien AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sport1 Medien AG
  • Ticker: EV4
  • Exchange: DB
  • Founded:
  • Industry: Movies and Entertainment
  • Sector: Media
  • Market Cap: €216.216m
  • Shares outstanding: 93.60m
  • Website: https://www.sport1-medien.de

Number of Employees


Location

  • Sport1 Medien AG
  • Münchener Strasse 101g
  • Ismaning
  • Bavaria
  • 85737
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EV4DB (Deutsche Boerse AG)YesBearer SharesDEEURApr 2004
EV4XTRA (XETRA Trading Platform)YesBearer SharesDEEURApr 2004
0K77LSE (London Stock Exchange)YesBearer SharesGBEURApr 2004
EV4HMSE (Hamburg Stock Exchange)YesBearer SharesDEEURApr 2004

Biography

Constantin Medien AG, together with its subsidiaries, operates as a media company in Germany, rest of Europe, and internationally. The company owns and operates SPORT1, a free-television (TV) channel; pay-TV channels, such as SPORT1+ SPORT1 US, and eSPORTS1; and SPORT1 MEDIA, a multi-platform marketer. It also provides content solutions for media channels; event and consulting services; integrated communication solutions for companies and brands; and marketing services for gaming and gambling, and media companies, as well as sports associations, leagues, and clubs. The company was formerly known as EM.Sport Media AG and changed its name to Constantin Medien AG in April 2009. Constantin Medien AG is headquartered in Ismaning, Germany. Constantin Medien AG operates as a subsidiary of Highlight Communications AG.  


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/24 20:33
End of Day Share Price2019/09/26 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.