BME:TL5

Stock Analysis Report

Mediaset España Comunicación

Executive Summary

Mediaset España Comunicación, S.A., together with its subsidiaries, engages in the indirect management of a public television (TV) service in Spain.

Snowflake

Flawless balance sheet with solid track record.


Similar Companies

Share Price & News

How has Mediaset España Comunicación's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TL5 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.4%

TL5

-0.8%

ES Media

-2.0%

ES Market


1 Year Return

-4.9%

TL5

-3.6%

ES Media

1.7%

ES Market

Return vs Industry: TL5 underperformed the Spanish Media industry which returned -3.6% over the past year.

Return vs Market: TL5 underperformed the Spanish Market which returned 1.7% over the past year.


Shareholder returns

TL5IndustryMarket
7 Day2.4%-0.8%-2.0%
30 Day0.6%1.6%-0.4%
90 Day8.1%3.8%6.3%
1 Year-1.3%-4.9%1.5%-3.6%5.5%1.7%
3 Year-34.4%-42.5%-0.4%-12.1%18.3%7.3%
5 Year-27.8%-39.6%3.5%-15.4%8.4%-10.3%

Price Volatility Vs. Market

How volatile is Mediaset España Comunicación's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Mediaset España Comunicación undervalued compared to its fair value and its price relative to the market?

6.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TL5 (€5.68) is trading below our estimate of fair value (€6.05)

Significantly Below Fair Value: TL5 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: TL5 is good value based on its PE Ratio (8.6x) compared to the Media industry average (17.6x).

PE vs Market: TL5 is good value based on its PE Ratio (8.6x) compared to the Spanish market (16.7x).


Price to Earnings Growth Ratio

PEG Ratio: TL5's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: TL5 is overvalued based on its PB Ratio (2.2x) compared to the XE Media industry average (1.3x).


Next Steps

Future Growth

How is Mediaset España Comunicación forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?

-3.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TL5's earnings are forecast to decline over the next 3 years (-3.6% per year).

Earnings vs Market: TL5's earnings are forecast to decline over the next 3 years (-3.6% per year).

High Growth Earnings: TL5's earnings are forecast to decline over the next 3 years.

Revenue vs Market: TL5's revenue is expected to decline over the next 3 years (-0.6% per year).

High Growth Revenue: TL5's revenue is forecast to decline over the next 3 years (-0.6% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TL5's Return on Equity is forecast to be low in 3 years time (19.3%).


Next Steps

Past Performance

How has Mediaset España Comunicación performed over the past 5 years?

16.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TL5 has high quality earnings.

Growing Profit Margin: TL5's current net profit margins (22.5%) are higher than last year (19.7%).


Past Earnings Growth Analysis

Earnings Trend: TL5's earnings have grown by 16.5% per year over the past 5 years.

Accelerating Growth: TL5's earnings growth over the past year (6.1%) is below its 5-year average (16.5% per year).

Earnings vs Industry: TL5 earnings growth over the past year (6.1%) exceeded the Media industry -2.1%.


Return on Equity

High ROE: TL5's Return on Equity (24.7%) is considered high.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Mediaset España Comunicación's financial position?


Financial Position Analysis

Short Term Liabilities: TL5's short term assets (€350.2M) exceeds its short term liabilities (€259.5M)

Long Term Liabilities: TL5's short term assets (350.2M) exceeds its long term liabilities (48.9M)


Debt to Equity History and Analysis

Debt Level: TL5 is debt free.

Reducing Debt: TL5 has no debt compared to 5 years ago when its debt to equity ratio was 0.01%.

Debt Coverage: TL5 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: TL5 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: TL5 has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if TL5's debt is covered by short term assets.


Next Steps

Dividend

What is Mediaset España Comunicación's current dividend yield, its reliability and sustainability?

5.54%

Current Dividend Yield


Dividend Yield vs Market

company5.5%marketbottom25%2.3%markettop25%5.6%industryaverage4.5%forecastin3Years8.2%

Current dividend yield vs market & industry

Notable Dividend: TL5's dividend (5.54%) is higher than the bottom 25% of dividend payers in the Spanish market (2.34%).

High Dividend: TL5's dividend (5.54%) is low compared to the top 25% of dividend payers in the Spanish market (5.59%).


Stability and Growth of Payments

Stable Dividend: TL5's dividend payments have been volatile in the past 10 years.

Growing Dividend: TL5's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (47.6%), TL5's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: TL5's dividends in 3 years are not forecast to be well covered by earnings (92.7% payout ratio).


Next Steps

Management

What is the CEO of Mediaset España Comunicación's salary, the management and board of directors tenure and is there insider trading?

11.6yrs

Average board tenure


CEO

Paolo Vasile 0

0yrs

Tenure

€1,702,431

Compensation

Mr. Paolo Vasile serves as the Chief Executive Officer of Mediaset Espana Comunicacion SA (also known as, Gestevision Telecinco S.A.) and has been its Executive Director since March 29, 1999. 


CEO Compensation Analysis

Compensation vs Market: Paolo's total compensation ($USD1.87M) is above average for companies of similar size in the Spanish market ($USD0.00).

Compensation vs Earnings: Paolo's compensation has been consistent with company performance over the past year.


Board Age and Tenure

11.6yrs

Average Tenure

69yo

Average Age

Experienced Board: TL5's board of directors are seasoned and experienced ( 11.6 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Buy€12,00211 Apr 19
Massimo Musolino
EntityIndividual
Role
Member of the Board of Directors
MD of Management & Operations and Executive Director
Shares1,813
Max Price€6.62
Buy€12,00211 Apr 19
Mario Rodríguez Valderas
EntityIndividual
Role
Member of the Board of Directors
Corporate MD
Shares1,813
Max Price€6.62
Buy€35,87011 Apr 19
Massimo Musolino
EntityIndividual
Role
Member of the Board of Directors
MD of Management & Operations and Executive Director
Shares5,468
Max Price€6.56
Buy€29,48111 Apr 19
Mario Rodríguez Valderas
EntityIndividual
Role
Member of the Board of Directors
Corporate MD
Shares4,494
Max Price€6.56
Buy€246,74811 Apr 19
Paolo Vasile
EntityIndividual
Role
Chief Executive Officer
CEO & Executive Director
Shares37,614
Max Price€6.56
Buy€76,56811 Apr 19
Alejandro Echevarría Busquet
EntityIndividual
Role
Chairman of the Board
Chairman
Shares11,672
Max Price€6.56

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Fedele Confalonieri (82yo)

    Deputy Chairman and Vice President

    • Tenure: 0yrs
    • Compensation: €131.00k
  • Manuel Villanueva De Castro

    Managing Director of Contents

    • Tenure: 0yrs
  • Paolo Vasile

    CEO & Executive Director

    • Tenure: 0yrs
    • Compensation: €1.70m
  • Mario Rodríguez Valderas

    Corporate MD

    • Tenure: 5.6yrs
    • Compensation: €689.46k
  • Massimo Musolino

    MD of Management & Operations and Executive Director

    • Tenure: 11.6yrs
    • Compensation: €892.33k
  • Mirta Fraerman

    Managing Director of Communications

    • Tenure: 0yrs
  • Salvatore Chiriatti

    Managing Director of Sales - Publiespaña

    • Tenure: 0yrs
  • Francisco Javier Uría Iglesias

    Chief Financial Officer

    • Tenure: 0yrs
  • Luis Expósito Rodríguez

    Managing Director of HR and Services Division

    • Tenure: 0yrs
  • Mario Sacedo Arriola

    Head of Investor Relations

    • Tenure: 0yrs

Board Members

  • Javier Díez De Polanco

    Independent Director

    • Tenure: 1.9yrs
    • Compensation: €139.00k
  • Marco Giordani (58yo)

    Director

    • Tenure: 16.5yrs
    • Compensation: €119.00k
  • Fedele Confalonieri (82yo)

    Deputy Chairman and Vice President

    • Tenure: 0yrs
    • Compensation: €131.00k
  • Alejandro Echevarría Busquet (77yo)

    Chairman

    • Tenure: 0yrs
    • Compensation: €986.91k
  • Paolo Vasile

    CEO & Executive Director

    • Tenure: 0yrs
    • Compensation: €1.70m
  • Mario Rodríguez Valderas

    Corporate MD

    • Tenure: 5.6yrs
    • Compensation: €689.46k
  • Massimo Musolino

    MD of Management & Operations and Executive Director

    • Tenure: 11.6yrs
    • Compensation: €892.33k
  • Francisco de Borja Prado Eulate (63yo)

    Independent Director

    • Tenure: 15.3yrs
    • Compensation: €68.50k
  • Helena Irene Revoredo Delvecchio (72yo)

    Independent Director

    • Tenure: 10.6yrs
    • Compensation: €111.00k
  • Consuelo Crespo Bofill (66yo)

    Independent Director

    • Tenure: 0yrs
    • Compensation: €135.00k

Company Information

Mediaset España Comunicación, S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Mediaset España Comunicación, S.A.
  • Ticker: TL5
  • Exchange: BME
  • Founded: 1989
  • Industry: Broadcasting
  • Sector: Media
  • Market Cap: €1.779b
  • Shares outstanding: 313.17m
  • Website: https://www.mediaset.es

Number of Employees


Location

  • Mediaset España Comunicación, S.A.
  • Carretera de Fuencarral to Alcobendas, nº 4
  • Madrid
  • Madrid
  • 28049
  • Spain

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TL5BME (Bolsas y Mercados Espanoles)YesOrdinary SharesESEURJun 2004
RWWDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2004
0G9WLSE (London Stock Exchange)YesOrdinary SharesGBEURJun 2004
GETV.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJun 2004
TL5EBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJun 2004
RWWBST (Boerse-Stuttgart)YesOrdinary SharesDEEURJun 2004
TL5WBAG (Wiener Boerse AG)YesOrdinary SharesATEURJun 2004

Biography

Mediaset España Comunicación, S.A., together with its subsidiaries, engages in the indirect management of a public television (TV) service in Spain. The company operates seven TV channels comprising Teleci ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/13 20:32
End of Day Share Price2019/11/13 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.