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Atresmedia Corporación de Medios de Comunicación

BME:A3M
Snowflake Description

Proven track record with adequate balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
A3M
BME
€1B
Market Cap
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Last updated 2019/06/19 20:46
Company description

Atresmedia Corporación de Medios de Comunicación, S.A., an audiovisual company, engages in the television, digital development and multimedia, advertising, cinema, radio, Internet, and events organization businesses in Spain and internationally. The last earnings update was 55 days ago. More info.

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A3M Share Price and Events
7 Day Returns
-1.2%
BME:A3M
0.6%
Europe Media
-0.4%
ES Market
1 Year Returns
-41.4%
BME:A3M
-2%
Europe Media
-4.7%
ES Market
A3M Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Atresmedia Corporación de Medios de Comunicación (A3M) -1.2% 1.2% 4.6% -41.4% -55.1% -56.2%
Europe Media 0.6% 3.1% 3.1% -2% -10.6% -6.4%
ES Market -0.4% -0.2% -1.1% -4.7% 9.6% -18.4%
1 Year Return vs Industry and Market
  • A3M underperformed the Media industry which returned -2% over the past year.
  • A3M underperformed the Market in Spain which returned -4.7% over the past year.
Price Volatility
A3M
Industry
5yr Volatility vs Market

A3M Value

 Is Atresmedia Corporación de Medios de Comunicación 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 Atresmedia Corporación de Medios de Comunicación 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 Atresmedia Corporación de Medios de Comunicación.

BME:A3M Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 17 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.5%
Perpetual Growth Rate 10-Year ES Government Bond Rate 1.5%

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 BME:A3M
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year ES Govt Bond Rate 1.5%
Equity Risk Premium S&P Global 8.2%
Media Unlevered Beta Simply Wall St/ S&P Global 0.78
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.783 (1 + (1- 25%) (30.72%)) 		0.975
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)		 0.98
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.53% + (0.975 * 8.18%) 		9.51%

Discounted Cash Flow Calculation for BME:A3M using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Atresmedia Corporación de Medios de Comunicación 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.

BME:A3M DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 9.51%)
2019 126.84 Analyst x11 115.83
2020 118.13 Analyst x11 98.51
2021 112.49 Analyst x8 85.66
2022 110.80 Analyst x2 77.06
2023 110.13 Est @ -0.6% 69.94
2024 110.18 Est @ 0.04% 63.90
2025 110.71 Est @ 0.48% 58.63
2026 111.59 Est @ 0.8% 53.97
2027 112.72 Est @ 1.02% 49.79
2028 114.04 Est @ 1.17% 46.00
Present value of next 10 years cash flows €719.28
BME:A3M DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €114.04 × (1 + 1.53%) ÷ (9.51% – 1.53%) 		€1,451.04
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €1,451.04 ÷ (1 + 9.51%)10 		€585.24
BME:A3M Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €719.28 + €585.24 		€1,304.52
Equity Value per Share
(EUR)		 = Total value / Shares Outstanding
= €1,304.52 / 224.94 		€5.8
BME:A3M Discount to Share Price
Calculation Result
Value per share (EUR) From above. €5.80
Current discount Discount to share price of €4.59
= -1 x (€4.59 - €5.80) / €5.80 		20.8%

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

Current Discount
Amount off the current price Atresmedia Corporación de Medios de Comunicación is available for.
Intrinsic value
21%
Share price is €4.59 vs Future cash flow value of €5.8
Current Discount Checks
For Atresmedia Corporación de Medios de Comunicación to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Atresmedia Corporación de Medios de Comunicación's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Atresmedia Corporación de Medios de Comunicación'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 Atresmedia Corporación de Medios de Comunicación's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Atresmedia Corporación de Medios de Comunicación's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BME:A3M PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €0.39
BME:A3M Share Price ** BME (2019-06-19) in EUR €4.59
Europe Media Industry PE Ratio Median Figure of 114 Publicly-Listed Media Companies 17.09x
Spain Market PE Ratio Median Figure of 138 Publicly-Listed Companies 17.31x

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

** Primary Listing of Atresmedia Corporación de Medios de Comunicación.

BME:A3M PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BME:A3M Share Price ÷ EPS (both in EUR)

= 4.59 ÷ 0.39

 11.75x

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

  • Atresmedia Corporación de Medios de Comunicación is good value based on earnings compared to the Europe Media industry average.
  • Atresmedia Corporación de Medios de Comunicación is good value based on earnings compared to the Spain market.
Price based on expected Growth
Does Atresmedia Corporación de Medios de Comunicación's expected growth come at a high price?
Raw Data
BME:A3M PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.75x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts		 -0.4%per year
Europe Media Industry PEG Ratio Median Figure of 66 Publicly-Listed Media Companies 1.91x
Spain Market PEG Ratio Median Figure of 79 Publicly-Listed Companies 1.6x

*Line of best fit is calculated by linear regression .

BME:A3M PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.75x ÷ -0.4%

 -30.2x

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

  • Atresmedia Corporación de Medios de Comunicación earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Atresmedia Corporación de Medios de Comunicación's assets?
Raw Data
BME:A3M PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €1.87
BME:A3M Share Price * BME (2019-06-19) in EUR €4.59
Europe Media Industry PB Ratio Median Figure of 169 Publicly-Listed Media Companies 1.37x
Spain Market PB Ratio Median Figure of 185 Publicly-Listed Companies 1.66x
BME:A3M PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BME:A3M Share Price ÷ Book Value per Share (both in EUR)

= 4.59 ÷ 1.87

 2.46x

* Primary Listing of Atresmedia Corporación de Medios de Comunicación.

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

  • Atresmedia Corporación de Medios de Comunicación is overvalued based on assets compared to the Europe Media industry average.
Show me more potentially undervalued companies in the Media industry
X
Value checks
We assess Atresmedia Corporación de Medios de Comunicación'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. Atresmedia Corporación de Medios de Comunicación 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.

A3M Future Performance

 How is Atresmedia Corporación de Medios de Comunicación expected to perform in the next 1 to 3 years based on estimates from 17 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
-0.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Atresmedia Corporación de Medios de Comunicación expected to grow at an attractive rate?
  • Atresmedia Corporación de Medios de Comunicación's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.5%.
Growth vs Market Checks
  • Atresmedia Corporación de Medios de Comunicación's earnings are expected to decrease over the next 1-3 years, this is below the Spain market average.
  • Atresmedia Corporación de Medios de Comunicación's revenue growth is positive but not above the Spain market average.
Annual Growth Rates Comparison
Raw Data
BME:A3M Future Growth Rates Data Sources
Data Point Source Value (per year)
BME:A3M Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts -0.4%
BME:A3M Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 17 Analysts 0.3%
Europe Media Industry Earnings Growth Rate Market Cap Weighted Average 11.5%
Europe Media Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
Spain Market Earnings Growth Rate Market Cap Weighted Average 7.8%
Spain Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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
BME:A3M Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BME:A3M Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,055 129 1
2022-12-31 1,064 134 130 2
2021-12-31 1,047 153 122 13
2020-12-31 1,049 150 125 17
2019-12-31 1,047 151 129 17
BME:A3M Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 990 166 96
2018-12-31 985 171 88
2018-09-30 977 216 125
2018-06-30 980 202 127
2018-03-31 977 252 135
2017-12-31 984 210 142
2017-09-30 1,021 184 131
2017-06-30 969 171 129
2017-03-31 992 144 130
2016-12-31 963 127 129
2016-09-30 958 106 131
2016-06-30 955 127 128

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Atresmedia Corporación de Medios de Comunicación's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Atresmedia Corporación de Medios de Comunicación's revenue is expected to grow by 0.3% 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
BME:A3M Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below

All data from Atresmedia Corporación de Medios de Comunicación Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BME:A3M Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 0.56 0.56 0.56 1.00
2021-12-31 0.54 0.64 0.44 11.00
2020-12-31 0.55 0.61 0.48 17.00
2019-12-31 0.57 0.60 0.53 17.00
BME:A3M Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31
2018-12-31 0.39
2018-09-30
2018-06-30 0.56
2018-03-31
2017-12-31 0.63
2017-09-30
2017-06-30 0.57
2017-03-31
2016-12-31 0.57
2016-09-30
2016-06-30 0.57

*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.
  • Atresmedia Corporación de Medios de Comunicación is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Atresmedia Corporación de Medios de Comunicación'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.
Atresmedia Corporación de Medios de Comunicación has a total score of 1/6, 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.

A3M Past Performance

  How has Atresmedia Corporación de Medios de Comunicación 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 Atresmedia Corporación de Medios de Comunicación'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.
  • Atresmedia Corporación de Medios de Comunicación's year on year earnings growth rate has been positive over the past 5 years.
  • Atresmedia Corporación de Medios de Comunicación's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Atresmedia Corporación de Medios de Comunicación's 1-year earnings growth is negative, it can't be compared to the Europe Media industry average.
Earnings and Revenue History
Atresmedia Corporación de Medios de Comunicación'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 Atresmedia Corporación de Medios de Comunicación Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BME:A3M Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 989.83 95.88 6.50
2018-12-31 984.50 88.18 6.50
2018-09-30 976.52 124.71 6.83
2018-06-30 980.18 127.11 6.83
2018-03-31 977.10 134.73 6.83
2017-12-31 983.97 142.11 6.83
2017-09-30 1,021.15 131.10 7.42
2017-06-30 968.52 129.22 7.42
2017-03-31 991.74 130.38 7.42
2016-12-31 962.58 129.15 7.42
2016-09-30 957.69 131.42 8.93
2016-06-30 954.50 128.02 8.93
2016-03-31 932.82 105.29 8.93
2015-12-31 924.57 99.23 8.93
2015-09-30 914.69 68.93 7.34
2015-06-30 902.00 64.35 7.34
2015-03-31 875.02 64.53 7.34
2014-12-31 849.89 46.73 7.34
2014-09-30 836.37 64.91 6.39
2014-06-30 820.20 54.76 6.39
2014-03-31 803.32 48.35 6.39
2013-12-31 795.77 46.06 6.39
2013-09-30 786.21 55.58 5.84
2013-06-30 763.32 43.08 5.84
2013-03-31 743.97 25.83 5.84
2012-12-31 741.16 31.91 5.84
2012-09-30 740.64 46.05 5.62
2012-06-30 769.03 57.39 5.62

*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.
  • Atresmedia Corporación de Medios de Comunicación has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Atresmedia Corporación de Medios de Comunicación used its assets more efficiently than the Europe Media industry average last year based on Return on Assets.
  • Atresmedia Corporación de Medios de Comunicación has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Show me more strong past performing companies in the Media industry
X
Past performance checks
We assess Atresmedia Corporación de Medios de Comunicación'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.
Atresmedia Corporación de Medios de Comunicación has a total score of 4/6, 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.

A3M Health

 How is Atresmedia Corporación de Medios de Comunicación'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 Atresmedia Corporación de Medios de Comunicación's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Atresmedia Corporación de Medios de Comunicación is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Atresmedia Corporación de Medios de Comunicación's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Atresmedia Corporación de Medios de Comunicación'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 2.3x 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 Atresmedia Corporación de Medios de Comunicación Company Filings, last reported 2 months ago.

BME:A3M Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 449.17 317.36 134.20
2018-12-31 420.53 324.58 109.66
2018-09-30 466.66 304.80 105.83
2018-06-30 447.40 241.72 22.24
2018-03-31 465.61 215.35 28.75
2017-12-31 446.23 264.58 35.61
2017-09-30 558.57 193.58 45.87
2017-06-30 540.37 182.89 49.98
2017-03-31 544.86 161.60 0.27
2016-12-31 517.56 180.13 27.22
2016-09-30 536.62 161.42 0.18
2016-06-30 520.85 177.13 33.51
2016-03-31 509.71 160.12 10.40
2015-12-31 485.58 159.48 8.24
2015-09-30 495.29 164.38 28.78
2015-06-30 488.59 170.02 16.27
2015-03-31 468.95 171.29 43.36
2014-12-31 449.29 165.34 39.16
2014-09-30 471.85 164.34 64.80
2014-06-30 461.96 200.45 82.54
2014-03-31 453.51 199.42 97.24
2013-12-31 384.02 206.72 59.94
2013-09-30 364.62 185.63 51.33
2013-06-30 365.26 167.94 15.53
2013-03-31 337.28 187.68 3.53
2012-12-31 336.20 137.90 4.97
2012-09-30 234.45 151.89 2.93
2012-06-30 247.88 141.18 3.10
  • Atresmedia Corporación de Medios de Comunicación's level of debt (70.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (44% vs 70.7% today).
  • Debt is well covered by operating cash flow (52.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 26.1x coverage).
Show me more healthy companies in the Media industry
X
Financial health checks
We assess Atresmedia Corporación de Medios de Comunicación'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. Atresmedia Corporación de Medios de Comunicación has a total score of 4/6, 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.

A3M Dividends

 What is Atresmedia Corporación de Medios de Comunicación'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
11.32%
Current annual income from Atresmedia Corporación de Medios de Comunicación dividends. Estimated to be 9.69% next year.
If you bought €2,000 of Atresmedia Corporación de Medios de Comunicación shares you are expected to receive €226 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?
  • Atresmedia Corporación de Medios de Comunicación's pays a higher dividend yield than the bottom 25% of dividend payers in Spain (2.2%).
  • Atresmedia Corporación de Medios de Comunicación's dividend is above the markets top 25% of dividend payers in Spain (5.11%).
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
BME:A3M 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 17 Analyst Estimates (S&P Global) See Below
Europe Media Industry Average Dividend Yield Market Cap Weighted Average of 89 Stocks 3.9%
Spain Market Average Dividend Yield Market Cap Weighted Average of 77 Stocks 4.4%
Spain Minimum Threshold Dividend Yield 10th Percentile 1.2%
Spain Bottom 25% Dividend Yield 25th Percentile 2.2%
Spain Top 25% Dividend Yield 75th Percentile 5.1%

Industry and Market average data is calculated daily.

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

BME:A3M Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 0.42 1.00
2021-12-31 0.43 13.00
2020-12-31 0.44 18.00
2019-12-31 0.46 18.00
BME:A3M Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-03-01 0.520 9.584
2017-02-23 0.500 5.199
2017-02-22 0.500 4.670
2016-02-25 0.360 3.580
2015-07-22 0.200 1.859
2015-02-27 0.200 1.408
2014-10-23 0.200 1.682
2014-07-23 0.200 1.740
2014-02-27 0.110 0.988
2014-02-26 0.110 0.843
2013-10-30 0.000 0.000
2013-07-24 0.000 0.000
2013-07-15 0.000 0.000
2012-02-27 0.450 11.634
2011-02-23 0.500 9.967
2010-10-28 0.350 4.852
2010-04-21 0.230 4.051
2009-11-30 0.130 1.718

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Atresmedia Corporación de Medios de Comunicación's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
Show me more dividend paying companies in the Media industry
X
Income/ dividend checks
We assess Atresmedia Corporación de Medios de Comunicación'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 Atresmedia Corporación de Medios de Comunicación afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. Atresmedia Corporación de Medios de Comunicación has a total score of 4/6, see the detailed checks below.


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

A3M Management

 What is the CEO of Atresmedia Corporación de Medios de Comunicación'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
Silvio José González Moreno
COMPENSATION €2,038,000
AGE 61
TENURE AS CEO 11.2 years
CEO Bio

Mr. Silvio José González Moreno has been the Chief Executive Officer at Atresmedia Corporación de Medios de Comunicación S.A. since April 2008 and also serves as its Managing Director and Executive Director. Mr. Moreno served as Chief Operating Officer and General Manager of Antena 3 De Television S.A.

CEO Compensation
  • Silvio José's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Silvio José's remuneration is higher than average for companies of similar size in Spain.
Management Team

José Creuheras Margenat

TITLE
Chairman of the Board
COMPENSATION
€436K
AGE
61

Silvio José González Moreno

TITLE
CEO, MD & Executive Director
COMPENSATION
€2M
AGE
61
TENURE
11.2 yrs

Pedro Ramón y Cajal Agüeras

TITLE
Director of Regulatory Compliance
COMPENSATION
€29K

Antonio Carlos Manso Marcos

TITLE
Chief Financial Officer

Emilio Maestro

TITLE
Chief Accounting Officer

David Baquero

TITLE
Director of Investor Relations

Manuel de la Viuda Fernández de Heredia

TITLE
Head of Legal Affairs & Secretary
AGE
61

Ignacio José Maeso

TITLE
Head of Communications & Public Relations
AGE
45

Fernando Costi Pérez

TITLE
Chief Audit Executive
AGE
49

Ramón de Rebellón Villar

TITLE
Head of Atresmedia Radio
AGE
50
Board of Directors Tenure

Average tenure and age of the Atresmedia Corporación de Medios de Comunicación board of directors in years:

10.3
Average Tenure
61
Average Age
  • The average tenure for the Atresmedia Corporación de Medios de Comunicación board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

José Creuheras Margenat

TITLE
Chairman of the Board
COMPENSATION
€436K
AGE
61
TENURE
4.3 yrs

Silvio José González Moreno

TITLE
CEO, MD & Executive Director
COMPENSATION
€2M
AGE
61
TENURE
12.2 yrs

Javier Hernando

TITLE
Executive Director
TENURE
0.2 yrs

Eduardo Olano Codesido

TITLE
Chairman of Atresmedia Publicidad
AGE
67
TENURE
2.4 yrs

Maria Entrecanales Franco

TITLE
Independent Director
COMPENSATION
€51K
TENURE
10.3 yrs

Mónica Salat

TITLE
Independent Director
TENURE
3.2 yrs

Elmar Heggen

TITLE
Director
COMPENSATION
€43K
AGE
50
TENURE
13.5 yrs

Nicolás de Tavernost Abel

TITLE
Director
COMPENSATION
€124K
AGE
68
TENURE
15.7 yrs

Patricia Puig

TITLE
Lead Independent Director
COMPENSATION
€33K
AGE
56

Marco Drago

TITLE
Director
COMPENSATION
€121K
AGE
72
TENURE
16 yrs
Who owns this company?
Recent Insider Trading
  • Atresmedia Corporación de Medios de Comunicación insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
06. May 19 Sell Francisco Bardají Hernando Individual 30. Apr 19 30. Apr 19 -16,220 €4.78 €-77,532
X
Management checks
We assess Atresmedia Corporación de Medios de Comunicación'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. Atresmedia Corporación de Medios de Comunicación 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.

A3M News

Simply Wall St News

Need To Know: Atresmedia Corporación de Medios de Comunicación, S.A. (BME:A3M) Insiders Have Been Selling Shares

See our latest analysis for Atresmedia Corporación de Medios de Comunicación Atresmedia Corporación de Medios de Comunicación Insider Transactions Over The Last Year Over the last year, we can see that the biggest insider sale was by the , Francisco Bardají Hernando, for €78k worth of shares, at about €4.78 per share. … Does Atresmedia Corporación de Medios de Comunicación Boast High Insider Ownership? … What Might The Insider Transactions At Atresmedia Corporación de Medios de Comunicación Tell Us?

Simply Wall St - –

What Kind Of Shareholder Owns Most Atresmedia Corporación de Medios de Comunicación, S.A. (BME:A3M) Stock?

A look at the shareholders of Atresmedia Corporación de Medios de Comunicación, S.A. … Check out our latest analysis for Atresmedia Corporación de Medios de Comunicación BME:A3M Ownership Summary, June 5th 2019 What Does The Institutional Ownership Tell Us About Atresmedia Corporación de Medios de Comunicación? … Insider Ownership Of Atresmedia Corporación de Medios de Comunicación The definition of an insider can differ slightly between different countries, but members of the board of directors always count.

Simply Wall St - –

Boasting A 21% Return On Equity, Is Atresmedia Corporación de Medios de Comunicación, S.A. (BME:A3M) A Top Quality Stock?

We'll use ROE to examine Atresmedia Corporación de Medios de Comunicación, S.A. … Over the last twelve months Atresmedia Corporación de Medios de Comunicación has recorded a ROE of 21%. … Check out our latest analysis for Atresmedia Corporación de Medios de Comunicación?

Simply Wall St - –

What You Should Know About Atresmedia Corporación de Medios de Comunicación, S.A.'s (BME:A3M) Financial Strength

However, an important fact which most ignore is: how financially healthy is the business? … Assessing first and foremost the financial health is. … We'll look at some basic checks that can form a snapshot the company’s financial strength.

Simply Wall St - –

How Do Analysts See Atresmedia Corporación de Medios de Comunicación, S.A. (BME:A3M) Performing Over The Next Few Years?

Atresmedia Corporación de Medios de Comunicación, S.A.'s (BME:A3M) latest earnings announcement in December 2018a

Simply Wall St - –

What Do Analysts Think About The Future Of Atresmedia Corporación de Medios de Comunicación, S.A.'s (BME:A3M)?

Based on Atresmedia Corporación de Medios de Comunicación, S.A.'s (BME:A3M) earnings update on 31 December 2018, … analyst consensus outlook appear cautiously optimistic, … with earnings expected to grow by 48% in the upcoming year

Simply Wall St - –

Why You Should Like Atresmedia Corporación de Medios de Comunicación, S.A.’s (BME:A3M) ROCE

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St - –

Why Fundamental Investors Might Love Atresmedia Corporación de Medios de Comunicación, S.A. (BME:A3M)

Looking at the company as a whole, as a potential stock investment, I believe A3M has a lot to offer. … is a company that has been able to sustain great financial health, trading at an attractive share price

Simply Wall St - –

Does Atresmedia Corporación de Medios de Comunicación, S.A.'s (BME:A3M) P/E Ratio Signal A Buying Opportunity?

We'll look at Atresmedia Corporación de Medios de Comunicación, S.A.'s (BME:A3M) P/E ratio and reflect on what it tells us about the company's share price. … Based on the last twelve months, Atresmedia Corporación de Medios de Comunicación's P/E ratio is 7.58. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St - –

Can Atresmedia Corporación de Medios de Comunicación, S.A. (BME:A3M) Maintain Its Strong Returns?

We'll use ROE to examine Atresmedia Corporación de Medios de Comunicación, S.A. … Atresmedia Corporación de Medios de Comunicación has a ROE of 27%, based on the last twelve months. … See our latest analysis for Atresmedia Corporación de Medios de Comunicación?

Simply Wall St - –

A3M Company Info

Description

Atresmedia Corporación de Medios de Comunicación, S.A., an audiovisual company, engages in the television, digital development and multimedia, advertising, cinema, radio, Internet, and events organization businesses in Spain and internationally. The company is involved in the production and distribution of audiovisual content through its television channels, as well as satellite, cable, and broadband operators; and rights management business. It operates the Antena 3, La Sexta, Neox, Nova, Mega, Atreseries, Onda Cero, Europa FM, and Melodía FM brands. The company was formerly known as Antena 3 de Televisión, S.A. The company was incorporated in 1988 and is based in San Sebastián de los Reyes, Spain.

Details
Name: Atresmedia Corporación de Medios de Comunicación, S.A.
A3M
Exchange: BME
Founded: 1988
€1,032,928,704
224,940,920
Website: http://www.atresmediacorporacion.com
Address: Atresmedia Corporación de Medios de Comunicación, S.A.
Avenida Isla Graciosa, 13,
San Sebastián de los Reyes,
Madrid, 28703,
Spain
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BME A3M Registered Shares Bolsas y Mercados Espanoles ES EUR 29. Oct 2003
OTCPK AIOS.F Registered Shares Pink Sheets LLC US USD 29. Oct 2003
DB YT2A Registered Shares Deutsche Boerse AG DE EUR 29. Oct 2003
LSE 0MJT Registered Shares London Stock Exchange GB EUR 29. Oct 2003
BATS-CHIXE A3ME Registered Shares BATS 'Chi-X Europe' GB EUR 29. Oct 2003
OTCPK ATVD.Y UNSPONSORED ADR Pink Sheets LLC US USD 25. Nov 2008
Number of employees
Current staff
Staff numbers
2,378
Atresmedia Corporación de Medios de Comunicación employees.
Industry
Broadcasting
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/19 20:46
End of day share price update: 2019/06/19 00:00
Last estimates confirmation: 2019/06/03
Last earnings filing: 2019/04/25
Last earnings reported: 2019/03/31
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.

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