Executive Summary
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.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -1% per year for the next 3 years
Snowflake Analysis
Good value with adequate balance sheet.
Similar Companies
Share Price & News
How has Atresmedia Corporación de Medios de Comunicación's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: A3M's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-3.7%
A3M
-0.7%
ES Media
-0.4%
ES Market
1 Year Return
-34.2%
A3M
-5.5%
ES Media
7.7%
ES Market
Return vs Industry: A3M underperformed the Spanish Media industry which returned -5.6% over the past year.
Return vs Market: A3M underperformed the Spanish Market which returned 7.7% over the past year.
Shareholder returns
| A3M | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.7% | -0.7% | -0.4% |
| 30 Day | -6.0% | -3.2% | 3.3% |
| 90 Day | -23.3% | -1.5% | 6.5% |
| 1 Year | -28.3%-34.2% | -0.3%-5.5% | 11.4%7.7% |
| 3 Year | -64.8%-72.0% | -12.2%-22.9% | 17.5%6.4% |
| 5 Year | -70.5%-77.7% | -15.9%-31.5% | 9.3%-8.8% |
Price Volatility Vs. Market
How volatile is Atresmedia Corporación de Medios de Comunicación's share price compared to the market and industry in the last 5 years?
Simply Wall St News
23 hours ago | Simply Wall St
Here's How P/E Ratios Can Help Us Understand Atresmedia Corporación de Medios de Comunicación, S.A. (BME:A3M)1 week ago | Simply Wall St
We Think Atresmedia Corporación de Medios de Comunicación (BME:A3M) Can Stay On Top Of Its Debt3 weeks ago | Simply Wall St
Is Atresmedia Corporación de Medios de Comunicación, S.A. (BME:A3M) Potentially Undervalued?Valuation
Is Atresmedia Corporación de Medios de Comunicación undervalued compared to its fair value and its price relative to the market?
38.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: A3M (€3.03) is trading below our estimate of fair value (€4.93)
Significantly Below Fair Value: A3M is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: A3M is good value based on its PE Ratio (8.3x) compared to the Media industry average (19.5x).
PE vs Market: A3M is good value based on its PE Ratio (8.3x) compared to the Spanish market (17.1x).
Price to Earnings Growth Ratio
PEG Ratio: A3M's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: A3M is overvalued based on its PB Ratio (1.5x) compared to the XE Media industry average (1.4x).
Next Steps
Future Growth
How is Atresmedia Corporación de Medios de Comunicación forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
-1.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: A3M's earnings are forecast to decline over the next 3 years (-1% per year).
Earnings vs Market: A3M's earnings are forecast to decline over the next 3 years (-1% per year).
High Growth Earnings: A3M's earnings are forecast to decline over the next 3 years.
Revenue vs Market: A3M's revenue is expected to decline over the next 3 years (-0.2% per year).
High Growth Revenue: A3M's revenue is forecast to decline over the next 3 years (-0.2% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: A3M's Return on Equity is forecast to be high in 3 years time (21.2%)
Next Steps
Past Performance
How has Atresmedia Corporación de Medios de Comunicación performed over the past 5 years?
8.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: A3M has high quality earnings.
Growing Profit Margin: A3M's current net profit margins (8.6%) are lower than last year (12.8%).
Past Earnings Growth Analysis
Earnings Trend: A3M's earnings have grown by 8% per year over the past 5 years.
Accelerating Growth: A3M's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: A3M had negative earnings growth (-34%) over the past year, making it difficult to compare to the Media industry average (-5.3%).
Return on Equity
High ROE: A3M's Return on Equity (18.5%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Atresmedia Corporación de Medios de Comunicación's financial position?
Financial Position Analysis
Short Term Liabilities: A3M's short term assets (€640.9M) exceed its short term liabilities (€470.4M).
Long Term Liabilities: A3M's short term assets (€640.9M) exceed its long term liabilities (€360.8M).
Debt to Equity History and Analysis
Debt Level: A3M's debt to equity ratio (64.7%) is considered high.
Reducing Debt: A3M's debt to equity ratio has increased from 34.8% to 64.7% over the past 5 years.
Debt Coverage: A3M's debt is well covered by operating cash flow (57.9%).
Interest Coverage: A3M's interest payments on its debt are well covered by EBIT (17.7x coverage).
Balance Sheet
Inventory Level: A3M has a low level of unsold assets or inventory.
Debt Coverage by Assets: A3M's debt is covered by short term assets (assets are 2.2x debt).
Next Steps
Dividend
What is Atresmedia Corporación de Medios de Comunicación's current dividend yield, its reliability and sustainability?
12.92%
Forecast Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate A3M's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate A3M'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 A3M's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if A3M's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: A3M is not paying a notable dividend for the Spanish market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of A3M's dividend in 3 years as they are not forecast to pay a notable one for the Spanish market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
10.9yrs
Average board tenure
CEO
Silvio José González Moreno (62yo)
11.8yrs
Tenure
€2,038,000
Compensation
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 Directo ...
CEO Compensation Analysis
Compensation vs Market: Silvio José's total compensation ($USD0.00) is below average for companies of similar size in the Spanish market ($USD911.77K).
Compensation vs Earnings: Silvio José's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board | 5yrs | €436.00k | 0.010% €70.2k | |
| CEO, MD & Executive Director | 11.8yrs | €2.04m | 0.015% €105.3k | |
| Executive Director | 0.8yrs | no data | no data | |
| Director | 16.3yrs | €124.00k | 0.000040% €272.8 | |
| Director | 16.7yrs | €121.00k | no data | |
| Chairman of Atresmedia Publicidad | 3.1yrs | no data | no data | |
| Director | 14.2yrs | €43.00k | no data | |
| Independent Director | 10.9yrs | €51.00k | no data | |
| Lead Independent Director | 0yrs | €33.00k | no data | |
| Independent Director | 3.8yrs | no data | no data |
10.9yrs
Average Tenure
62yo
Average Age
Experienced Board: A3M's board of directors are seasoned and experienced ( 10.9 years average tenure).
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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Atresmedia Corporación de Medios de Comunicación, S.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Atresmedia Corporación de Medios de Comunicación, S.A.
- Ticker: A3M
- Exchange: BME
- Founded: 1988
- Industry: Broadcasting
- Sector: Media
- Market Cap: €681.931m
- Shares outstanding: 225.06m
- Website: https://www.atresmediacorporacion.com
Number of Employees
Location
- Atresmedia Corporación de Medios de Comunicación, S.A.
- Avenida Isla Graciosa, 13
- San Sebastián de los Reyes
- Madrid
- 28703
- Spain
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| AIOS.F | OTCPK (Pink Sheets LLC) | Yes | Registered Shares | US | USD | Oct 2003 |
| YT2A | DB (Deutsche Boerse AG) | Yes | Registered Shares | DE | EUR | Oct 2003 |
| A3M | BME (Bolsas y Mercados Espanoles) | Yes | Registered Shares | ES | EUR | Oct 2003 |
| 0MJT | LSE (London Stock Exchange) | Yes | Registered Shares | GB | EUR | Oct 2003 |
| A3ME | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Registered Shares | GB | EUR | Oct 2003 |
| ATVD.Y | OTCPK (Pink Sheets LLC) | UNSPONSORED ADR | US | USD | Nov 2008 |
Biography
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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/23 21:12 |
| End of Day Share Price | 2020/02/21 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.