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Mediaset España Comunicación

BME:TL5
Snowflake Description

Flawless balance sheet with proven track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TL5
BME
€2B
Market Cap
  1. Home
  2. ES
  3. Media
Company description

Mediaset España Comunicación, S.A., together with its subsidiaries, engages in the indirect management of a public television (TV) service in Spain. The last earnings update was 49 days ago. More info.


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TL5 Share Price and Events
7 Day Returns
1.3%
BME:TL5
2.4%
Europe Media
1.1%
ES Market
1 Year Returns
-19.6%
BME:TL5
0.6%
Europe Media
-2.1%
ES Market
TL5 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mediaset España Comunicación (TL5) 1.3% -3.1% 18.2% -19.6% -38.8% -15.9%
Europe Media 2.4% 2.1% 6.6% 0.6% -14.1% -5.8%
ES Market 1.1% 1.2% 7.1% -2.1% 6.7% -10.7%
1 Year Return vs Industry and Market
  • TL5 underperformed the Media industry which returned 0.6% over the past year.
  • TL5 underperformed the Market in Spain which returned -2.1% over the past year.
Price Volatility
TL5
Industry
5yr Volatility vs Market

TL5 Value

 Is Mediaset España 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 Mediaset España 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 Mediaset España Comunicación.

BME:TL5 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 19 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.7%
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:TL5
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 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.812 (1 + (1- 25%) (0%))
0.874
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.87
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.53% + (0.874 * 8.18%)
8.67%

Discounted Cash Flow Calculation for BME:TL5 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Mediaset España 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:TL5 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 8.67%)
2019 203.31 Analyst x7 187.09
2020 183.10 Analyst x9 155.04
2021 178.31 Analyst x7 138.93
2022 165.25 Analyst x2 118.48
2023 165.40 Analyst x2 109.12
2024 161.73 Est @ -2.22% 98.18
2025 159.95 Est @ -1.1% 89.35
2026 159.46 Est @ -0.31% 81.97
2027 159.84 Est @ 0.24% 75.61
2028 160.84 Est @ 0.63% 70.01
Present value of next 10 years cash flows €1,123.76
BME:TL5 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €160.84 × (1 + 1.53%) ÷ (8.67% – 1.53%)
€2,284.45
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €2,284.45 ÷ (1 + 8.67%)10
€994.30
BME:TL5 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1,123.76 + €994.30
€2,118.07
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €2,118.07 / 327.44
€6.47
BME:TL5 Discount to Share Price
Calculation Result
Value per share (EUR) From above. €6.47
Current discount Discount to share price of €6.80
= -1 x (€6.80 - €6.47) / €6.47
-5.1%

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

  • The current share price of Mediaset España Comunicación is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Mediaset España Comunicación's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mediaset España Comunicación's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BME:TL5 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.61
BME:TL5 Share Price ** BME (2019-04-18) in EUR €6.8
Europe Media Industry PE Ratio Median Figure of 114 Publicly-Listed Media Companies 15.74x
Spain Market PE Ratio Median Figure of 132 Publicly-Listed Companies 17.91x

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

** Primary Listing of Mediaset España Comunicación.

BME:TL5 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BME:TL5 Share Price ÷ EPS (both in EUR)

= 6.8 ÷ 0.61

11.11x

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

  • Mediaset España Comunicación is good value based on earnings compared to the Europe Media industry average.
  • Mediaset España Comunicación is good value based on earnings compared to the Spain market.
Price based on expected Growth
Does Mediaset España Comunicación's expected growth come at a high price?
Raw Data
BME:TL5 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.11x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts
-3.3%per year
Europe Media Industry PEG Ratio Median Figure of 65 Publicly-Listed Media Companies 1.65x
Spain Market PEG Ratio Median Figure of 75 Publicly-Listed Companies 1.33x

*Line of best fit is calculated by linear regression .

BME:TL5 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.11x ÷ -3.3%

-3.36x

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

  • Mediaset España 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 Mediaset España Comunicación's assets?
Raw Data
BME:TL5 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €2.76
BME:TL5 Share Price * BME (2019-04-18) in EUR €6.8
Europe Media Industry PB Ratio Median Figure of 166 Publicly-Listed Media Companies 1.45x
Spain Market PB Ratio Median Figure of 180 Publicly-Listed Companies 1.84x
BME:TL5 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BME:TL5 Share Price ÷ Book Value per Share (both in EUR)

= 6.8 ÷ 2.76

2.46x

* Primary Listing of Mediaset España Comunicación.

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

  • Mediaset España Comunicación is overvalued based on assets compared to the Europe Media industry average.
X
Value checks
We assess Mediaset España 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. Mediaset España Comunicación has a total score of 2/6, 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.

TL5 Future Performance

 How is Mediaset España Comunicación expected to perform in the next 1 to 3 years based on estimates from 19 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
-3.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mediaset España Comunicación expected to grow at an attractive rate?
  • Mediaset España 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
  • Mediaset España Comunicación's earnings are expected to decrease over the next 1-3 years, this is below the Spain market average.
  • Mediaset España Comunicación's revenues are expected to decrease over the next 1-3 years, this is below the Spain market average.
Annual Growth Rates Comparison
Raw Data
BME:TL5 Future Growth Rates Data Sources
Data Point Source Value (per year)
BME:TL5 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts -3.3%
BME:TL5 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 19 Analysts -0.3%
Europe Media Industry Earnings Growth Rate Market Cap Weighted Average 12.2%
Europe Media Industry Revenue Growth Rate Market Cap Weighted Average 3.6%
Spain Market Earnings Growth Rate Market Cap Weighted Average 9.8%
Spain Market Revenue Growth Rate Market Cap Weighted Average 5.4%

*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:TL5 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BME:TL5 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 950 171 1
2022-12-31 956 177 1
2021-12-31 967 316 185 11
2020-12-31 968 376 181 17
2019-12-31 968 327 191 19
BME:TL5 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 974 365 200
2018-09-30 982 419 198
2018-06-30 986 401 197
2018-03-31 975 419 190
2017-12-31 986 426 197
2017-09-30 979 453 185
2017-06-30 976 444 179
2017-03-31 997 459 181
2016-12-31 985 448 171
2016-09-30 990 417 184
2016-06-30 993 442 186
2016-03-31 964 413 180

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Mediaset España Comunicación's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Mediaset España Comunicación's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:TL5 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below

All data from Mediaset España Comunicación Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BME:TL5 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.64 0.76 0.57 6.00
2020-12-31 0.58 0.72 0.47 14.00
2019-12-31 0.61 0.66 0.57 12.00
BME:TL5 Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.61
2018-09-30 0.59
2018-06-30 0.58
2018-03-31 0.57
2017-12-31 0.59
2017-09-30 0.58
2017-06-30 0.56
2017-03-31 0.55
2016-12-31 0.52
2016-09-30 0.55
2016-06-30 0.57
2016-03-31 0.53

*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.
  • Mediaset España Comunicación is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Mediaset España 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.
Mediaset España 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.

TL5 Past Performance

  How has Mediaset España 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 Mediaset España 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.
  • Mediaset España Comunicación has delivered over 20% year on year earnings growth in the past 5 years.
  • Mediaset España Comunicación's 1-year earnings growth is less than its 5-year average (1.4% vs 31.3%)
  • Mediaset España Comunicación's earnings growth has not exceeded the Europe Media industry average in the past year (1.4% vs 9%).
Earnings and Revenue History
Mediaset España 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 Mediaset España Comunicación Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BME:TL5 Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 974.48 200.33
2018-09-30 981.95 198.30
2018-06-30 985.65 197.00
2018-03-31 974.85 190.10
2017-12-31 985.65 197.50
2017-09-30 978.84 185.30
2017-06-30 976.44 179.00
2017-03-31 996.89 181.47
2016-12-31 985.04 171.00
2016-09-30 990.49 184.17
2016-06-30 992.99 186.07
2016-03-31 964.23 179.92
2015-12-31 957.89 166.17
2015-09-30 954.30 148.09
2015-06-30 947.30 135.89
2015-03-31 943.30 83.11
2014-12-31 919.40 59.49
2014-09-30 834.49 7.22
2014-06-30 819.87 -4.54
2014-03-31 806.05 4.43
2013-12-31 818.83 4.16
2013-09-30 826.97 31.55
2013-06-30 831.96 42.61
2013-03-31 851.42 41.43
2012-12-31 872.84 50.14
2012-09-30 883.09 49.00
2012-06-30 921.71 66.62

*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.
  • Mediaset España Comunicación has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Mediaset España Comunicación used its assets more efficiently than the Europe Media industry average last year based on Return on Assets.
  • Mediaset España Comunicación has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Mediaset España 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.
Mediaset España 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.

TL5 Health

 How is Mediaset España 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 Mediaset España Comunicación's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mediaset España Comunicación is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Mediaset España Comunicación's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Mediaset España 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 9567.2x 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 Mediaset España Comunicación Company Filings, last reported 3 months ago.

BME:TL5 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 904.81 0.04 167.87
2018-09-30 848.90 0.00 129.20
2018-06-30 827.22 0.07 80.52
2018-03-31 952.10 0.00 205.00
2017-12-31 900.08 0.64 135.93
2017-09-30 855.30 4.90 105.00
2017-06-30 909.86 9.09 133.22
2017-03-31 1,045.95 15.27 274.18
2016-12-31 983.29 15.82 193.89
2016-09-30 944.20 13.00 134.60
2016-06-30 930.16 8.92 85.05
2016-03-31 1,029.17 17.84 187.23
2015-12-31 1,069.90 9.32 212.42
2015-09-30 1,084.94 19.35 225.04
2015-06-30 1,165.05 20.38 266.23
2015-03-31 1,205.02 11.54 311.12
2014-12-31 1,189.41 14.91 277.09
2014-09-30 1,152.62 0.00 217.05
2014-06-30 1,454.57 20.63 172.72
2014-03-31 1,445.98 0.00 124.45
2013-12-31 1,431.38 0.77 113.53
2013-09-30 1,448.33 19.22 105.32
2013-06-30 1,451.25 19.33 94.67
2013-03-31 1,433.35 0.00 85.97
2012-12-31 1,420.90 0.23 92.44
2012-09-30 1,411.41 0.01 66.10
2012-06-30 1,408.20 17.71 63.40
  • Mediaset España Comunicación's level of debt (0%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (0.1% vs 0% today).
  • Debt is well covered by operating cash flow (828911.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 138.6x coverage).
X
Financial health checks
We assess Mediaset España 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. Mediaset España Comunicación has a total score of 6/6, 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.

TL5 Dividends

 What is Mediaset España 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
8.87%
Current annual income from Mediaset España Comunicación dividends. Estimated to be 7.56% next year.
If you bought €2,000 of Mediaset España Comunicación shares you are expected to receive €177 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?
  • Mediaset España Comunicación's pays a higher dividend yield than the bottom 25% of dividend payers in Spain (1.86%).
  • Mediaset España Comunicación's dividend is above the markets top 25% of dividend payers in Spain (5.07%).
Upcoming dividend payment

Purchase Mediaset España Comunicación before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:TL5 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 19 Analyst Estimates (S&P Global) See Below
Europe Media Industry Average Dividend Yield Market Cap Weighted Average of 87 Stocks 3.8%
Spain Market Average Dividend Yield Market Cap Weighted Average of 75 Stocks 4.3%
Spain Minimum Threshold Dividend Yield 10th Percentile 1.1%
Spain Bottom 25% Dividend Yield 25th Percentile 1.9%
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:TL5 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.54 11.00
2020-12-31 0.51 18.00
2019-12-31 0.51 18.00
BME:TL5 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-07-25 0.603 9.669
2018-02-28 0.603 7.549
2017-07-26 0.437 4.582
2017-02-24 0.437 3.798
2017-02-23 0.437 3.963
2016-07-27 0.498 4.695
2016-02-25 0.498 4.634
2014-05-07 0.000 0.000
2014-02-27 0.000 0.000
2013-10-30 0.000 0.000
2013-07-24 0.000 0.000
2013-01-15 0.000 0.000
2012-07-26 0.140 3.129
2012-02-28 0.140 3.642
2012-02-23 0.140 3.140
2011-03-01 0.245 4.672
2011-02-24 0.245 2.707
2010-02-26 0.200 2.242
2009-04-20 0.865 10.919

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 fallen over the past 10 years.
Current Payout to shareholders
What portion of Mediaset España Comunicación's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Mediaset España Comunicación's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Mediaset España Comunicación afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mediaset España 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.

TL5 Management

 What is the CEO of Mediaset España 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
Paolo Vasile
COMPENSATION €1,702,431
CEO Bio

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
  • Paolo's compensation has been consistent with company performance over the past year.
  • Paolo's remuneration is higher than average for companies of similar size in Spain.
Management Team

Paolo Vasile

TITLE
CEO & Executive Director
COMPENSATION
€2M

Fedele Confalonieri

TITLE
Deputy Chairman and Vice President
COMPENSATION
€131K
AGE
81

Massimo Musolino

TITLE
MD of Management & Operations and Executive Director
COMPENSATION
€892K

Mario Rodríguez Valderas

TITLE
Corporate MD
COMPENSATION
€689K

Francisco Uría Iglesias

TITLE
Chief Financial Officer

Mario Arriola

TITLE
Head of Investor Relations

Mirta Fraerman

TITLE
Managing Director of Communications

Luis Expósito Rodríguez

TITLE
Managing Director of HR and Services Division

Manuel Villanueva De Castro

TITLE
Managing Director of Contents

Salvatore Chiriatti

TITLE
Managing Director of Sales - Publiespaña
Board of Directors Tenure

Average tenure and age of the Mediaset España Comunicación board of directors in years:

11
Average Tenure
68
Average Age
  • The average tenure for the Mediaset España Comunicación board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Alejandro Echevarría Busquet

TITLE
Chairman
COMPENSATION
€987K
AGE
76

Paolo Vasile

TITLE
CEO & Executive Director
COMPENSATION
€2M
TENURE
20.1 yrs

Fedele Confalonieri

TITLE
Deputy Chairman and Vice President
COMPENSATION
€131K
AGE
81

Massimo Musolino

TITLE
MD of Management & Operations and Executive Director
COMPENSATION
€892K
TENURE
11 yrs

Mario Rodríguez Valderas

TITLE
Corporate MD
COMPENSATION
€689K
TENURE
5 yrs

Javier De Polanco

TITLE
Director
COMPENSATION
€139K
TENURE
1.3 yrs

Consuelo Bofill

TITLE
Independent Director
COMPENSATION
€135K
AGE
65

Marco Giordani

TITLE
Director
COMPENSATION
€119K
AGE
57
TENURE
15.9 yrs

Francisco de Borja Prado Eulate

TITLE
Independent Director
COMPENSATION
€69K
AGE
62
TENURE
14.8 yrs

Helena Irene Revoredo Delvecchio

TITLE
Independent Director
COMPENSATION
€111K
AGE
71
TENURE
10 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Mediaset España Comunicación insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
11. Apr 19 Buy Paolo Vasile Individual 10. Apr 19 10. Apr 19 37,614 €6.56 €246,748
11. Apr 19 Buy Mario Rodríguez Valderas Individual 10. Apr 19 10. Apr 19 4,494 €6.56 €29,481
11. Apr 19 Buy Mario Rodríguez Valderas Individual 10. Apr 19 10. Apr 19 1,813 €6.62 €12,002
11. Apr 19 Buy Massimo Musolino Individual 10. Apr 19 10. Apr 19 5,468 €6.56 €35,870
11. Apr 19 Buy Massimo Musolino Individual 10. Apr 19 10. Apr 19 1,813 €6.62 €12,002
11. Apr 19 Buy Alejandro Echevarría Busquet Individual 10. Apr 19 10. Apr 19 11,672 €6.56 €76,568
X
Management checks
We assess Mediaset España 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. Mediaset España 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.

TL5 News

Simply Wall St News

Why Mediaset España Comunicación, S.A. (BME:TL5) Is An Attractive Investment To Consider

(BME:TL5) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … In the case of TL5, it

Simply Wall St -

What Should Investors Know About Mediaset España Comunicación, S.A.'s (BME:TL5) Future?

Looking at Mediaset España Comunicación, S.A.'s (BME:TL5) earnings update in December 2018, … as a -5.3% fall in profits is expected in the upcoming year

Simply Wall St -

Here's How P/E Ratios Can Help Us Understand Mediaset España Comunicación, S.A. (BME:TL5)

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … We'll look at Mediaset España Comunicación, S.A.'s (BME:TL5) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

What Should You Know About Mediaset España Comunicación, S.A.'s (BME:TL5) Future?

In December 2018, Mediaset España Comunicación, S.A. … (BME:TL5) announced its most recent earnings update, whicha

Simply Wall St -

The Mediaset España Comunicación (BME:TL5) Share Price Is Down 35% So Some Shareholders Are Getting Worried

Truth be told the share price declined 35% in three years and that return, Dear Reader, falls short of what you could have got from passive investing with an index fund. … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … During the unfortunate three years of share price decline, Mediaset España Comunicación actually saw its earnings per share (EPS) improve by 8.6% per year.

Simply Wall St -

Interested In Mediaset España Comunicación, S.A. (BME:TL5)? Here's How It Performed Recently

Below, I will examine Mediaset España Comunicación, S.A.'s (BME:TL5) track record on a high level, to give you some insight into how the company has been performing against its long term trend and its industry peers. … See our latest analysis for Mediaset España Comunicación? … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 31%, indicating the rate at which TL5 is growing has slowed down

Simply Wall St -

Has Mediaset España Comunicación, S.A. (BME:TL5) Got Enough Cash?

Small-caps and large-caps are wildly popular among investors, however, mid-cap stocks, such as Mediaset España Comunicación, S.A. … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis. … View our latest analysis for Mediaset España Comunicación

Simply Wall St -

Is Mediaset España Comunicación, S.A.'s (BME:TL5) 23% Better Than Average?

Our data shows Mediaset España Comunicación has a return on equity of 23% for the last year. … That means that for every €1 worth of shareholders' equity, it generated €0.23 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Why We Like Mediaset España Comunicación, S.A.’s (BME:TL5) 27% Return On Capital Employed

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Return On Capital Employed (ROCE): What is it? … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

Simply Wall St -

One Factor To Consider Before Investing In Mediaset España Comunicación, S.A. (BME:TL5)

I’ve analysed below, the health and outlook of Mediaset España Comunicación’s cash flow, which will help you understand the stock from a cash standpoint. … Is Mediaset España Comunicación generating enough cash. … Mediaset España Comunicación generates cash through its day-to-day business, which needs to be reinvested into the company in order for it to continue operating

Simply Wall St -

TL5 Company Info

Description

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 Telecinco, Factoría de Ficción, Boing, Cuatro, Divinity, Energy, and BeMad. It also invests in audiovisual rights and film production; and sells advertising. The company was formerly known as Gestevisión Telecinco, S.A. and changed its name to Mediaset España Comunicación, S.A. in May 2011. Mediaset España Comunicación, S.A. was incorporated in 1989 and is based in Madrid, Spain. Mediaset España Comunicación, S.A. is a subsidiary of Mediaset S.p.A.

Details
Name: Mediaset España Comunicación, S.A.
TL5
Exchange: BME
Founded: 1989
€2,226,559,462
327,435,215
Website: http://www.mediaset.es
Address: Mediaset España Comunicación, S.A.
Carretera de Fuencarral to Alcobendas, nº 4,
Madrid,
Madrid, 28049,
Spain
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BME TL5 Ordinary Shares Bolsas y Mercados Espanoles ES EUR 24. Jun 2004
OTCPK GETV.F Ordinary Shares Pink Sheets LLC US USD 24. Jun 2004
DB RWW Ordinary Shares Deutsche Boerse AG DE EUR 24. Jun 2004
BST RWW Ordinary Shares Boerse-Stuttgart DE EUR 24. Jun 2004
LSE 0G9W Ordinary Shares London Stock Exchange GB EUR 24. Jun 2004
WBAG TL5 Ordinary Shares Wiener Boerse AG AT EUR 24. Jun 2004
BATS-CHIXE TL5E Ordinary Shares BATS 'Chi-X Europe' GB EUR 24. Jun 2004
Number of employees
Current staff
Staff numbers
1,327
Mediaset España Comunicación employees.
Industry
Broadcasting
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 20:33
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/02/28
Last earnings reported: 2018/12/31
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.