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Splendid Medien

DB:SPM
Snowflake Description

Undervalued with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SPM
DB
€13M
Market Cap
  1. Home
  2. DE
  3. Media
Company description

Splendid Medien AG produces and distributes films, and provides film-related services in Germany and internationally. The last earnings update was 23 days ago. More info.


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SPM Share Price and Events
7 Day Returns
0.8%
DB:SPM
0.7%
DE Entertainment
1.8%
DE Market
1 Year Returns
-1.5%
DB:SPM
12.5%
DE Entertainment
-6%
DE Market
SPM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Splendid Medien (SPM) 0.8% 3.9% 2.3% -1.5% -54.4% -53%
DE Entertainment 0.7% 5.7% 13.9% 12.5% 35.7% 73.7%
DE Market 1.8% 4.6% 7.4% -6% 10.1% 15.3%
1 Year Return vs Industry and Market
  • SPM underperformed the Entertainment industry which returned 12.5% over the past year.
  • SPM outperformed the Market in Germany which returned -6% over the past year.
Price Volatility
SPM
Industry
5yr Volatility vs Market

SPM Value

 Is Splendid Medien 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 Splendid Medien 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 Splendid Medien.

DB:SPM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 9.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 DB:SPM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Entertainment Unlevered Beta Simply Wall St/ S&P Global 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.958 (1 + (1- 30%) (137.53%))
1.59
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.59
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.59 * 5.96%)
9.7%

Discounted Cash Flow Calculation for DB:SPM using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Splendid Medien 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.

DB:SPM DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 9.7%)
2019 4.43 Est @ 38.28% 4.04
2020 5.62 Est @ 26.87% 4.67
2021 6.68 Est @ 18.88% 5.06
2022 7.57 Est @ 13.28% 5.22
2023 8.27 Est @ 9.37% 5.21
2024 8.82 Est @ 6.62% 5.06
2025 9.24 Est @ 4.71% 4.83
2026 9.55 Est @ 3.36% 4.55
2027 9.78 Est @ 2.42% 4.25
2028 9.95 Est @ 1.76% 3.94
Present value of next 10 years cash flows €46.83
DB:SPM DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €9.95 × (1 + 0.23%) ÷ (9.7% – 0.23%)
€105.27
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €105.27 ÷ (1 + 9.7%)10
€41.70
DB:SPM Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €46.83 + €41.70
€88.53
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €88.53 / 9.79
€9.04
DB:SPM Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:SPM represents 1.00752x of XTRA:SPM
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00752x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 9.04 x 1.00752
€9.11
Value per share (EUR) From above. €9.11
Current discount Discount to share price of €1.34
= -1 x (€1.34 - €9.11) / €9.11
85.3%

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

Current Discount
Amount off the current price Splendid Medien is available for.
Intrinsic value
>50%
Share price is €1.34 vs Future cash flow value of €9.11
Current Discount Checks
For Splendid Medien to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Splendid Medien's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Splendid Medien's share price is below the future cash flow value, and 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 Splendid Medien's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Splendid Medien's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:SPM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.14
XTRA:SPM Share Price ** XTRA (2019-04-18) in EUR €1.33
Germany Entertainment Industry PE Ratio Median Figure of 10 Publicly-Listed Entertainment Companies 19.8x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.59x

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

** Primary Listing of Splendid Medien.

DB:SPM PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:SPM Share Price ÷ EPS (both in EUR)

= 1.33 ÷ 0.14

9.3x

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

  • Splendid Medien is good value based on earnings compared to the DE Entertainment industry average.
  • Splendid Medien is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Splendid Medien's expected growth come at a high price?
Raw Data
DB:SPM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.3x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Entertainment Industry PEG Ratio Median Figure of 30 Publicly-Listed Entertainment Companies 1.67x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Splendid Medien, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Splendid Medien's assets?
Raw Data
DB:SPM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €1.94
XTRA:SPM Share Price * XTRA (2019-04-18) in EUR €1.33
Germany Entertainment Industry PB Ratio Median Figure of 14 Publicly-Listed Entertainment Companies 1.56x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
DB:SPM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:SPM Share Price ÷ Book Value per Share (both in EUR)

= 1.33 ÷ 1.94

0.69x

* Primary Listing of Splendid Medien.

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

  • Splendid Medien is good value based on assets compared to the DE Entertainment industry average.
X
Value checks
We assess Splendid Medien'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 Entertainment 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 Entertainment industry average (and greater than 0)? (1 check)
  5. Splendid Medien has a total score of 5/6, 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.

SPM Future Performance

 How is Splendid Medien expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Splendid Medien has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
23%
Expected Entertainment industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Splendid Medien expected to grow at an attractive rate?
  • Unable to compare Splendid Medien's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Splendid Medien's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Splendid Medien's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:SPM Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Entertainment Industry Earnings Growth Rate Market Cap Weighted Average 23%
Germany Entertainment Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
DB:SPM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:SPM Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:SPM Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 52 20 1
2018-09-30 52 18 1
2018-06-30 52 17 0
2018-03-31 52 16 -2
2017-12-31 53 15 -4
2017-09-30 52 16 -6
2017-06-30 51 17 -8
2017-03-31 51 17 -6
2016-12-31 52 17 -4
2016-09-30 53 17 -1
2016-06-30 54 17 1
2016-03-31 55 20 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Splendid Medien is high growth as no earnings estimate data is available.
  • Unable to determine if Splendid Medien is high growth as no revenue estimate data is available.
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
DB:SPM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Splendid Medien Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SPM Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:SPM Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.14
2018-09-30 0.06
2018-06-30 -0.02
2018-03-31 -0.21
2017-12-31 -0.40
2017-09-30 -0.63
2017-06-30 -0.86
2017-03-31 -0.63
2016-12-31 -0.40
2016-09-30 -0.13
2016-06-30 0.14
2016-03-31 0.22

*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.
  • Unable to establish if Splendid Medien will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Splendid Medien is trading at Splendid Medien'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Splendid Medien's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Media companies here
  3. Splendid Medien's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Splendid Medien'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
Splendid Medien has a total score of 0/6, 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.

SPM Past Performance

  How has Splendid Medien 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 Splendid Medien's growth in the last year to its industry (Entertainment).
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.
  • Splendid Medien's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Splendid Medien has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Splendid Medien has become profitable in the last year making it difficult to compare the DE Entertainment industry average.
Earnings and Revenue History
Splendid Medien'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 Splendid Medien Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SPM 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 51.73 1.40 15.17
2018-09-30 51.69 0.60 16.27
2018-06-30 51.64 -0.20 17.37
2018-03-31 52.34 -2.04 17.46
2017-12-31 53.04 -3.87 17.55
2017-09-30 52.02 -6.14 17.22
2017-06-30 51.00 -8.41 16.88
2017-03-31 51.45 -6.17 16.79
2016-12-31 51.90 -3.93 16.69
2016-09-30 52.81 -1.27 16.35
2016-06-30 53.72 1.38 16.00
2016-03-31 55.26 2.16 16.22
2015-12-31 56.80 2.94 16.45
2015-09-30 63.08 3.64 19.11
2015-06-30 69.36 4.35 21.77
2015-03-31 67.69 2.63 22.49
2014-12-31 66.03 0.90 23.22
2014-09-30 58.78 0.48 21.39
2014-06-30 51.53 0.07 19.56
2014-03-31 53.23 1.86 20.08
2013-12-31 54.94 3.66 20.61
2013-09-30 55.87 3.70 21.31
2013-06-30 56.81 3.75 22.02
2013-03-31 53.46 3.67 20.26
2012-12-31 50.11 3.59 18.50
2012-09-30 46.28 4.34 16.38
2012-06-30 42.44 5.09 14.27

*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.
  • Splendid Medien has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Splendid Medien used its assets more efficiently than the DE Entertainment industry average last year based on Return on Assets.
  • Splendid Medien's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Splendid Medien'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 Entertainment 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.
Splendid Medien has a total score of 1/6, 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.

SPM Health

 How is Splendid Medien'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 Splendid Medien's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Splendid Medien's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Splendid Medien's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Splendid Medien'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 1.5x 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 Splendid Medien Company Filings, last reported 3 months ago.

DB:SPM Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 19.00 17.91 6.37
2018-09-30 19.00 17.91 6.37
2018-06-30 16.89 19.90 6.62
2018-03-31 16.89 19.90 6.62
2017-12-31 18.24 21.02 6.33
2017-09-30 18.24 21.02 6.33
2017-06-30 17.73 21.53 8.21
2017-03-31 17.73 21.53 8.21
2016-12-31 22.11 20.24 7.42
2016-09-30 22.11 20.24 7.42
2016-06-30 29.10 15.66 5.70
2016-03-31 29.10 15.66 5.70
2015-12-31 27.55 15.21 8.72
2015-09-30 27.55 15.21 8.72
2015-06-30 26.28 16.55 8.53
2015-03-31 26.28 16.55 8.53
2014-12-31 25.11 17.08 8.38
2014-09-30 25.11 17.08 8.38
2014-06-30 22.42 15.54 3.47
2014-03-31 22.42 15.54 3.47
2013-12-31 25.45 13.85 8.71
2013-09-30 25.45 13.85 8.71
2013-06-30 23.59 12.17 8.40
2013-03-31 23.59 12.17 8.40
2012-12-31 22.79 12.58 11.79
2012-09-30 22.79 12.58 11.79
2012-06-30 20.84 8.11 13.82
  • Splendid Medien's level of debt (94.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (54.6% vs 94.3% today).
  • Debt is well covered by operating cash flow (109%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.5x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Splendid Medien'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. Splendid Medien has a total score of 2/6, 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.

SPM Dividends

 What is Splendid Medien'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
0%
Current annual income from Splendid Medien dividends.
If you bought €2,000 of Splendid Medien shares you are expected to receive €0 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?
  • Unable to evaluate Splendid Medien's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Splendid Medien's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
DB:SPM 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 0 Analyst Estimates (S&P Global) See Below
Germany Entertainment Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 1.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:SPM Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
DB:SPM Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2017-08-31 0.000 0.000
2017-03-31 0.000 0.000
2016-03-30 0.100 4.611
2015-03-31 0.050 2.086
2014-03-31 0.100 4.337
2013-03-28 0.100 4.234
2012-03-21 0.100 4.505

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

  • Unable to perform a dividend volatility check as Splendid Medien has not reported any payouts.
  • Unable to verify if Splendid Medien's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Splendid Medien's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Splendid Medien has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Splendid Medien's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Splendid Medien afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Splendid Medien has a total score of 0/6, see the detailed checks below.


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

SPM Management

 What is the CEO of Splendid Medien'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
Andreas Klein
COMPENSATION €590,864
CEO Bio

Mr. Andreas Ralf Klein has been the Chairman of Management Board of Splendid Medien Ag since June 1999 and serves as its Director of Licensing Operations & Strategic Planning. Mr. Klein served as Chief Executive Officer and Director of Licensing Operations and Strategic Planning at Splendid Medien Ag. Mr. Klein served as Director of License Trade and Strategic Planning for Splendid Medien AG.

CEO Compensation
  • Andreas's compensation has been consistent with company performance over the past year.
  • Andreas's remuneration is higher than average for companies of similar size in Germany.
Management Team

Andreas Klein

TITLE
Chairman of the Management Board and Director of Licensing Operations & Strategic Planning
COMPENSATION
€591K

Alexander Welzhofer

TITLE
Director of Marketing & Distribution and Member of Management Board
COMPENSATION
€332K
TENURE
18.2 yrs
Board of Directors

Ralph Drouven

TITLE
Chairman of Supervisory Board

Bernd Kucera

TITLE
Deputy Chairman of Supervisory Board

Malisa Scott

TITLE
Member of the Supervisory Board
TENURE
5.4 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 Splendid Medien'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. Splendid Medien 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.

SPM News

Simply Wall St News

SPM Company Info

Description

Splendid Medien AG produces and distributes films, and provides film-related services in Germany and internationally. It operates in two segments, Content and Services. The Content segment acquires licensing rights to feature films, including approximately 1,500 film titles from various genres, including action, documentaries, horror/fantasy, TV series, comedy, children’s and family entertainment, health and fitness courses, drama, and art-house; TV productions; special-interest programs; and children’s programs. It also develops and produces films; and exploits films in cinema, as well as home entertainment, such as DVD, Blu-ray disc, video-on-demand (VoD), and electronic sell-through (EST). The Services segment markets films and entertainment programs for cinema, home entertainment, and television; provides a range of services for the film and television industry comprising dubbing, soundtrack post-production, and digitization services for Blu-ray and DVD productions, and VoD and EST marketing on the Internet; and prepares the menus and generates extra content for the Blu-ray/DVD discs. Splendid Medien AG was founded in 1974 and is based in Cologne, Germany.

Details
Name: Splendid Medien AG
SPM
Exchange: DB
Founded: 1974
€13,020,698
9,789,999
Website: http://www.splendidmedien.com
Address: Splendid Medien AG
Alsdorfer Street 3,
Cologne,
50933,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA SPM Ordinary Bearer Shares XETRA Trading Platform DE EUR 24. Sep 1999
DB SPM Ordinary Bearer Shares Deutsche Boerse AG DE EUR 24. Sep 1999
LSE 0G3Z Ordinary Bearer Shares London Stock Exchange GB EUR 24. Sep 1999
Number of employees
Current staff
Staff numbers
175
Splendid Medien employees.
Industry
Movies and Entertainment
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 20:46
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2018/03/29
Last earnings filing: 2019/03/29
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.