BME:A3M

Stock Analysis Report

Atresmedia Corporación de Medios de Comunicación

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.


Snowflake Analysis

Outstanding track record and good value.


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

-11.7%

A3M

3.2%

ES Media

4.6%

ES Market


1 Year Return

-40.2%

A3M

-33.3%

ES Media

-24.5%

ES Market

Return vs Industry: A3M underperformed the Spanish Media industry which returned -33.3% over the past year.

Return vs Market: A3M underperformed the Spanish Market which returned -24.5% over the past year.


Shareholder returns

A3MIndustryMarket
7 Day-11.7%3.2%4.6%
30 Day-24.2%-26.3%-22.5%
90 Day-28.8%-36.7%-28.0%
1 Year-34.8%-40.2%-29.6%-33.3%-21.9%-24.5%
3 Year-73.5%-78.9%-43.4%-50.3%-25.3%-32.4%
5 Year-76.7%-82.4%-45.5%-55.7%-27.6%-39.3%

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

Valuation

Is Atresmedia Corporación de Medios de Comunicación undervalued compared to its fair value and its price relative to the market?

46.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: A3M (€2.5) is trading below our estimate of fair value (€4.61)

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 (4.8x) compared to the Media industry average (14x).

PE vs Market: A3M is good value based on its PE Ratio (4.8x) compared to the Spanish market (14x).


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 (1.3x) compared to the XE Media industry average (1x).


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 12 analysts?

-7.0%

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 (-7% per year).

Earnings vs Market: A3M's earnings are forecast to decline over the next 3 years (-7% per year).

High Growth Earnings: A3M's earnings are forecast to decline over the next 3 years.

Revenue vs Market: A3M's revenue (0.1% per year) is forecast to grow slower than the Spanish market (4.2% per year).

High Growth Revenue: A3M's revenue (0.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: A3M's Return on Equity is forecast to be low in 3 years time (18%).


Next Steps

Past Performance

How has Atresmedia Corporación de Medios de Comunicación performed over the past 5 years?

6.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: A3M has high quality earnings.

Growing Profit Margin: A3M's current net profit margins (12.1%) are higher than last year (9%).


Past Earnings Growth Analysis

Earnings Trend: A3M's earnings have grown by 6.5% per year over the past 5 years.

Accelerating Growth: A3M's earnings growth over the past year (33.8%) exceeds its 5-year average (6.5% per year).

Earnings vs Industry: A3M earnings growth over the past year (33.8%) exceeded the Media industry 4.7%.


Return on Equity

High ROE: A3M's Return on Equity (26.9%) is considered high.


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 (€699.5M) exceed its short term liabilities (€486.3M).

Long Term Liabilities: A3M's short term assets (€699.5M) exceed its long term liabilities (€358.0M).


Debt to Equity History and Analysis

Debt Level: A3M's debt to equity ratio (67.2%) is considered high.

Reducing Debt: A3M's debt to equity ratio has increased from 36.8% to 67.2% over the past 5 years.

Debt Coverage: A3M's debt is well covered by operating cash flow (62.6%).

Interest Coverage: A3M's interest payments on its debt are well covered by EBIT (22.4x 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 2.4x debt).


Next Steps

Dividend

What is Atresmedia Corporación de Medios de Comunicación's current dividend yield, its reliability and sustainability?

13.12%

Forecast Dividend Yield


Upcoming Dividend Payment

TodayMar 30 2020Ex Dividend DateJul 14 2020Dividend Pay DateJul 16 20202 days from Ex DividendBuy in the next 106 days to receive the upcoming dividend

Dividend Yield vs Market

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?

11.0yrs

Average board tenure


CEO

Silvio José González Moreno (62yo)

11.92s

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 ($USD0.00) is below average for companies of similar size in the Spanish market ($USD868.28K).

Compensation vs Earnings: Silvio José's compensation has increased by more than 20% in the past year.


Board Members

NamePositionTenureCompensationOwnership
José Creuheras Margenat
Chairman of the Board5yrs€436.00k0.010% 58.0k
Silvio José González Moreno
CEO, MD & Executive Director11.92yrs€2.04m0.015% 86.9k
Javier Bardají
Executive Director0.92yrno datano data
Nicolás Bellet de Tavernost Abel
Director16.42yrs€124.00k0.000040% 225.1
Marco Drago
Director16.75yrs€121.00kno data
Eduardo Olano Codesido
Chairman of Atresmedia Publicidad3.17yrsno datano data
Elmar Heggen
Director14.25yrs€43.00kno data
Maria Entrecanales Franco
Independent Director11yrs€51.00kno data
Patricia Estany Puig
Lead Independent Directorno data€33.00kno data
Mónica Ribé Salat
Independent Director3.92yrsno datano data

11.0yrs

Average Tenure

62yo

Average Age

Experienced Board: A3M's board of directors are seasoned and experienced ( 11 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: €562.649m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AIOS.FOTCPK (Pink Sheets LLC)YesRegistered SharesUSUSDOct 2003
YT2ADB (Deutsche Boerse AG)YesRegistered SharesDEEUROct 2003
A3MBME (Bolsas y Mercados Espanoles)YesRegistered SharesESEUROct 2003
0MJTLSE (London Stock Exchange)YesRegistered SharesGBEUROct 2003
A3MEBATS-CHIXE (BATS 'Chi-X Europe')YesRegistered SharesGBEUROct 2003
ATVD.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDNov 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/29 21:14
End of Day Share Price2020/03/27 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.