BME:PRS

Stock Analysis Report

Promotora de Informaciones

Executive Summary

Promotora de Informaciones, S.A., together with its subsidiaries, engages in the exploitation of printed and audiovisual media in Spain and internationally.


Snowflake Analysis

Moderate growth potential with imperfect balance sheet.


Similar Companies

Share Price & News

How has Promotora de Informaciones's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PRS has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

6.9%

PRS

-0.5%

ES Media

1.1%

ES Market


1 Year Return

-18.8%

PRS

-3.9%

ES Media

9.4%

ES Market

Return vs Industry: PRS underperformed the Spanish Media industry which returned -3.7% over the past year.

Return vs Market: PRS underperformed the Spanish Market which returned 9.2% over the past year.


Shareholder returns

PRSIndustryMarket
7 Day6.9%-0.5%1.1%
30 Day6.3%-4.3%2.9%
90 Day4.3%-1.0%7.8%
1 Year-14.2%-18.8%1.3%-3.9%13.2%9.4%
3 Year-44.9%-71.1%-12.5%-23.1%17.1%5.9%
5 Year-70.5%-84.5%-15.1%-30.8%11.5%-7.1%

Price Volatility Vs. Market

How volatile is Promotora de Informaciones's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Promotora de Informaciones undervalued compared to its fair value and its price relative to the market?

18.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PRS (€1.42) is trading below our estimate of fair value (€1.74)

Significantly Below Fair Value: PRS is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: PRS is unprofitable, so we can't compare its PE Ratio to the Media industry average.

PE vs Market: PRS is unprofitable, so we can't compare its PE Ratio to the Spanish market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PRS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PRS has negative assets, so we can't compare its PB Ratio to the XE Media industry average.


Next Steps

Future Growth

How is Promotora de Informaciones forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

60.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PRS is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.4%).

Earnings vs Market: PRS is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: PRS's is expected to become profitable in the next 3 years.

Revenue vs Market: PRS's revenue (1.5% per year) is forecast to grow slower than the Spanish market (4.7% per year).

High Growth Revenue: PRS's revenue (1.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if PRS's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Promotora de Informaciones performed over the past 5 years?

-69.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PRS is currently unprofitable.

Growing Profit Margin: PRS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PRS is unprofitable, and losses have increased over the past 5 years at a rate of -69% per year.

Accelerating Growth: Unable to compare PRS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PRS is unprofitable, making it difficult to compare its past year earnings growth to the Media industry (-4.6%).


Return on Equity

High ROE: PRS's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Promotora de Informaciones's financial position?


Financial Position Analysis

Short Term Liabilities: PRS has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: PRS has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: PRS has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: PRS's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

Inventory Level: PRS has a low level of unsold assets or inventory.

Debt Coverage by Assets: PRS has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable PRS has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: PRS is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 28.7% per year.


Next Steps

Dividend

What is Promotora de Informaciones's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%2.2%markettop25%5.3%industryaverage4.7%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate PRS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate PRS'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 PRS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PRS's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: PRS is not paying a notable dividend for the Spanish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PRS'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?

2.1yrs

Average management tenure


CEO

Luis Cabral 0

0.6yrs

Tenure

Mr. Luis Cabral has been Chief Executive Officer of Media Capital at Promotora de Informaciones, S.A. since July 2019. 


Leadership Team

NamePositionTenureCompensationOwnership
Pilar Gil
Director of Institutional Investor Relations19.9yrsno datano data
Marta Bretos
Head of Talent Management2.1yrsno datano data
Augusto Juan Manuel Delkader Teig
Chief Editor2.1yrsno datano data
Jorge Rivera
Chief of Communication & Institutional Relations2.1yrsno datano data
Luis Cabral
Chief Executive Officer of Media Capital0.6yrsno datano data
Martin Ellis Franklin
Senior Adviser6.2yrs€245.00kno data

2.1yrs

Average Tenure

Experienced Management: PRS's management team is considered experienced (2.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ignacio De Polanco Moreno
Honorary Chairman7.6yrs€1.70mno data
Joseph Oughourlian
Vice Chairman of the Board0.8yrsno datano data
Fernando Martínez Albacete
External Director0yrsno datano data
Manuel Polanco Moreno
External Director18.8yrs€1.64m0.0089% 89.9k
Francisco Javier Monzón de Cáceres
Non Executive Chairman1.1yrsno data0.071% 711.0k
Javier De Jaime Guijarro
Independent External Director2.3yrsno datano data
Francisco Javier Gómez Navarro- Navarrete
Independent External Director2.3yrsno datano data
Sonia Dula
Independent Director2.3yrsno datano data
Manuel Polanco
Director0yrsno datano data
Béatrice de Clermont Tonnerre
Independent Director0.7yrsno datano data

2.3yrs

Average Tenure

58yo

Average Age

Experienced Board: PRS's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


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 been substantially diluted in the past year, with total shares outstanding growing by 125.1%.


Top Shareholders

Company Information

Promotora de Informaciones, S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Promotora de Informaciones, S.A.
  • Ticker: PRS
  • Exchange: BME
  • Founded: 1972
  • Industry: Publishing
  • Sector: Media
  • Market Cap: €1.005b
  • Shares outstanding: 707.03m
  • Website: https://www.prisa.com

Number of Employees


Location

  • Promotora de Informaciones, S.A.
  • Gran Vía, 32
  • Madrid
  • Madrid
  • 28013
  • Spain

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PZ41DB (Deutsche Boerse AG)EUR3.00DEEURNo data
PRSBME (Bolsas y Mercados Espanoles)EUR3.00ESEURNo data
GPOP.FOTCPK (Pink Sheets LLC)YesClass A Ordinary SharesUSUSDJun 2000
PRSBME (Bolsas y Mercados Espanoles)YesClass A Ordinary SharesESEURJun 2000
PZ41DB (Deutsche Boerse AG)YesClass A Ordinary SharesDEEURJun 2000
0R7WLSE (London Stock Exchange)YesClass A Ordinary SharesGBEURJun 2000
PRSEBATS-CHIXE (BATS 'Chi-X Europe')YesClass A Ordinary SharesGBEURJun 2000
PRIS.YOTCPK (Pink Sheets LLC)ADR CL A SHS NEWUSUSDNov 2010

Biography

Promotora de Informaciones, S.A., together with its subsidiaries, engages in the exploitation of printed and audiovisual media in Spain and internationally. The company’s Education segment publishes and sells educational books; and provides services and materials related to the education systems. Its Radio segment is involved in the broadcasting of advertisements; organization and management of events; and the provision of other supplementary services. The company’s Press segment sells newspapers and magazines, as well as offers advertising, promotions, and printing services. Promotora de Informaciones, S.A. was incorporated in 1972 and is based in Madrid, Spain. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/18 20:47
End of Day Share Price2020/02/18 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.