Atresmedia Corporación de Medios de Comunicación, S.A.

BME:A3M Stock Report

Market Cap: €1.0b

Atresmedia Corporación de Medios de Comunicación Valuation

Is A3M undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of A3M when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: A3M (€4.55) is trading below our estimate of fair value (€6.94)

Significantly Below Fair Value: A3M is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for A3M?

Key metric: As A3M is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for A3M. This is calculated by dividing A3M's market cap by their current earnings.
What is A3M's PE Ratio?
PE Ratio5.7x
Earnings€180.42m
Market Cap€1.02b

Price to Earnings Ratio vs Peers

How does A3M's PE Ratio compare to its peers?

The above table shows the PE ratio for A3M vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.7x
SEC Secuoya Grupo de Comunicación
41.4xn/a€130.4m
LLYC Llorente & Cuenca
11.1x17.0%€81.4m
ZEEL Zee Entertainment Enterprises
28.4x32.7%₹113.8b
NEC Nine Entertainment Holdings
18x17.1%AU$2.0b
A3M Atresmedia Corporación de Medios de Comunicación
5.7x-10.5%€1.0b

Price-To-Earnings vs Peers: A3M is good value based on its Price-To-Earnings Ratio (5.7x) compared to the peer average (24.7x).


Price to Earnings Ratio vs Industry

How does A3M's PE Ratio compare vs other companies in the European Media Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
A3M 5.7xIndustry Avg. 12.1xNo. of Companies17PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: A3M is good value based on its Price-To-Earnings Ratio (5.7x) compared to the European Media industry average (12.2x).


Price to Earnings Ratio vs Fair Ratio

What is A3M's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

A3M PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.7x
Fair PE Ratio11.2x

Price-To-Earnings vs Fair Ratio: A3M is good value based on its Price-To-Earnings Ratio (5.7x) compared to the estimated Fair Price-To-Earnings Ratio (11.2x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst A3M forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€4.55
€5.26
+15.8%
11.0%€6.00€4.30n/a9
Nov ’25€4.38
€5.27
+20.4%
10.6%€6.00€4.40n/a9
Oct ’25€4.64
€5.21
+12.3%
11.5%€6.00€4.23n/a11
Sep ’25€4.59
€5.21
+13.5%
11.5%€6.00€4.23n/a11
Aug ’25€4.59
€5.21
+13.4%
11.5%€6.00€4.23n/a11
Jul ’25€4.45
€5.07
+14.0%
14.0%€5.83€3.50n/a11
Jun ’25€5.29
€4.90
-7.4%
13.1%€5.80€3.50n/a11
May ’25€4.72
€4.75
+0.6%
16.6%€5.80€3.30n/a11
Apr ’25€4.43
€4.40
-0.8%
14.1%€5.50€3.30n/a11
Mar ’25€3.87
€4.34
+12.3%
13.6%€5.50€3.30n/a11
Feb ’25€3.70
€4.23
+14.5%
13.5%€5.00€3.30n/a11
Jan ’25€3.59
€4.20
+16.8%
13.7%€5.00€3.25n/a11
Dec ’24€3.84
€4.20
+9.4%
13.7%€5.00€3.25n/a11
Nov ’24€3.51
€4.20
+19.6%
13.7%€5.00€3.25€4.3811
Oct ’24€3.66
€4.16
+13.7%
14.2%€5.00€3.25€4.6411
Sep ’24€3.64
€4.16
+14.3%
14.2%€5.00€3.25€4.5911
Aug ’24€3.74
€4.16
+11.3%
14.2%€5.00€3.25€4.5911
Jul ’24€3.49
€4.13
+18.3%
15.5%€5.00€3.00€4.4511
Jun ’24€3.54
€3.88
+9.7%
18.6%€5.00€2.70€5.2911
May ’24€3.63
€3.88
+7.0%
18.6%€5.00€2.70€4.7211
Apr ’24€3.47
€3.86
+11.2%
18.3%€5.00€2.70€4.4311
Mar ’24€3.42
€3.83
+12.1%
17.4%€5.00€2.70€3.8711
Feb ’24€3.45
€3.81
+10.5%
17.6%€5.00€2.70€3.7012
Jan ’24€3.19
€3.79
+18.9%
18.3%€5.00€2.70€3.5912
Dec ’23€3.40
€3.77
+10.6%
19.8%€5.00€2.35€3.8412
Nov ’23€2.94
€3.78
+28.5%
21.9%€5.00€2.35€3.5113

Analyst Forecast: Target price is less than 20% higher than the current share price.


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