Atresmedia Corporación de Medios de Comunicación (BATS-CHIXE:A3ME) - Share price, News & Analysis

A3ME fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	0/6
Past Performance	5/6
Financial Health	5/6
Dividends	5/6

A3ME Stock Overview

Rewards

Trading at 56.1% below our estimate of its fair value

Earnings grew by 397% over the past year

Risk Analysis

Shares are highly illiquid

Unstable dividend track record

Atresmedia Corporación de Medios de Comunicación Competitors

ITV

LSE:ITV

UK£2.9b

Publicis Groupe

ENXTPA:PUB

€14.2b

Vivendi

ENXTPA:VIV

€11.5b

Informa

LSE:INF

UK£8.2b

Price History & Performance

Summary of all time highs, changes and price drops for Atresmedia Corporación de Medios de Comunicación
Historical stock prices
Current Share Price	€3.61
52 Week High	€4.11
52 Week Low	€3.56
Beta	0.84
1 Month Change	0.36%
3 Month Change	0.36%
1 Year Change	-12.05%
3 Year Change	-19.25%
5 Year Change	-68.20%
Change since IPO	-29.64%

Shareholder Returns

	A3ME	GB Media	GB Market
7D	0%	1.8%	3.1%
1Y	-12.0%	-10.8%	-3.2%

Return vs Industry: A3ME underperformed the UK Media industry which returned -10.8% over the past year.

Return vs Market: A3ME underperformed the UK Market which returned -3.2% over the past year.

Price Volatility

Is A3ME's price volatile compared to industry and market?
A3ME volatility
A3ME Average Weekly Movement	n/a
Media Industry Average Movement	7.1%
Market Average Movement	6.2%
10% most volatile stocks in GB Market	11.8%
10% least volatile stocks in GB Market	3.2%

Stable Share Price: Insufficient data to determine A3ME's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine A3ME's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1988	2,512	Silvio Jose Gonzalez Moreno	https://www.atresmediacorporacion.com

Atresmedia Corporación de Medios de Comunicación, S.A., an audiovisual company, engages in the television, digital and multimedia development, advertising, cinema, radio, cinema, and events organization businesses in Spain and internationally. The company is involved in the production, distribution, and sale of TV series; and management of music rights, as well as produces and distributes channels on pay-TV platforms; and operates Atresplayer, an on-line video platform. It operates under the Antena 3, La Sexta, Onda Cero, Europa FM, etc. brands.

Atresmedia Corporación de Medios de Comunicación Fundamentals Summary

How do Atresmedia Corporación de Medios de Comunicación's earnings and revenue compare to its market cap?
A3ME fundamental statistics
Market Cap	€821.45m
Earnings (TTM)	€118.54m
Revenue (TTM)	€877.87m

6.9x

P/E Ratio

0.9x

P/S Ratio

Is A3ME overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
A3ME income statement (TTM)
Revenue	€877.87m
Cost of Revenue	€564.12m
Gross Profit	€313.75m
Other Expenses	€195.21m
Earnings	€118.54m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Jul 27, 2022

Earnings per share (EPS)	0.53
Gross Margin	35.74%
Net Profit Margin	13.50%
Debt/Equity Ratio	49.9%

How did A3ME perform over the long term?

See historical performance and comparison

Dividends

13.2%

Current Dividend Yield

79%

Payout Ratio

Does A3ME pay a reliable dividends?

See A3ME dividend history and benchmarks

When do you need to buy A3ME by to receive an upcoming dividend?
Atresmedia Corporación de Medios de Comunicación dividend dates
Ex Dividend Date	Jun 20 2022
Dividend Pay Date	Jun 22 2022
Days until Ex dividend	33 days
Days until Dividend pay date	35 days

Does A3ME pay a reliable dividends?

See A3ME dividend history and benchmarks

Valuation

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

Valuation Score

5/6

Valuation Score 5/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: A3ME (€3.61) is trading below our estimate of fair value (€8.24)

Significantly Below Fair Value: A3ME is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: A3ME is good value based on its PE Ratio (6.9x) compared to the UK Media industry average (25.6x).

PE vs Market: A3ME is good value based on its PE Ratio (6.9x) compared to the UK market (15.3x).

Price to Earnings Growth Ratio

PEG Ratio: A3ME is poor value based on its PEG Ratio (30.4x)

Price to Book Ratio

PB vs Industry: A3ME is good value based on its PB Ratio (1.5x) compared to the GB Media industry average (1.9x).

Future Growth

How is Atresmedia Corporación de Medios de Comunicación forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

0.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: A3ME's forecast earnings growth (0.2% per year) is below the savings rate (0.9%).

Earnings vs Market: A3ME's earnings (0.2% per year) are forecast to grow slower than the UK market (11.1% per year).

High Growth Earnings: A3ME's earnings are forecast to grow, but not significantly.

Revenue vs Market: A3ME's revenue (3.9% per year) is forecast to grow slower than the UK market (4% per year).

High Growth Revenue: A3ME's revenue (3.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: A3ME's Return on Equity is forecast to be low in 3 years time (15.8%).

Past Performance

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

Past Performance Score

5/6

Past Performance Score 5/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-16.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: A3ME has high quality earnings.

Growing Profit Margin: A3ME's current net profit margins (13.5%) are higher than last year (3%).

Past Earnings Growth Analysis

Earnings Trend: A3ME's earnings have declined by 16.9% per year over the past 5 years.

Accelerating Growth: A3ME's earnings growth over the past year (397%) exceeds its 5-year average (-16.9% per year).

Earnings vs Industry: A3ME earnings growth over the past year (397%) exceeded the Media industry 61.7%.

Return on Equity

High ROE: A3ME's Return on Equity (21.5%) is considered high.

Financial Health

How is Atresmedia Corporación de Medios de Comunicación's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: A3ME's short term assets (€854.8M) exceed its short term liabilities (€488.2M).

Long Term Liabilities: A3ME's short term assets (€854.8M) exceed its long term liabilities (€375.8M).

Debt to Equity History and Analysis

Debt Level: A3ME has more cash than its total debt.

Reducing Debt: A3ME's debt to equity ratio has increased from 34.7% to 49.9% over the past 5 years.

Debt Coverage: A3ME's debt is well covered by operating cash flow (70.5%).

Interest Coverage: A3ME's interest payments on its debt are well covered by EBIT (24.8x coverage).

Balance Sheet

Dividend

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

Dividend Score

5/6

Dividend Score 5/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

13.16%

Current Dividend Yield

Upcoming Dividend Payment

Dividend Yield vs Market

Notable Dividend: A3ME's dividend (13.16%) is higher than the bottom 25% of dividend payers in the UK market (1.8%).

High Dividend: A3ME's dividend (13.16%) is in the top 25% of dividend payers in the UK market (4.84%)

Stability and Growth of Payments

Stable Dividend: A3ME's dividend payments have been volatile in the past 10 years.

Growing Dividend: A3ME's dividend payments have increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (79.2%), A3ME's payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (61.3%), A3ME's dividend payments are covered by cash flows.

Next Steps

Explore strong dividend paying companies in the Media industry.

Management

How experienced are the management team and are they aligned to shareholders interests?

10.1yrs

Average board tenure

CEO

Silvio Jose Gonzalez Moreno (64 yo)

14.08yrs

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 Executive Director since April 27, 2007 also serves as its...

CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Silvio Jose Gonzalez's total compensation is reasonable compared to companies of similar size in the UK market.

Compensation vs Earnings: Insufficient data to compare Silvio Jose Gonzalez's compensation with company performance.

Board Members

Experienced Board: A3ME's board of directors are seasoned and experienced ( 10.1 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.

Ownership Breakdown

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

Data	Last Updated (UTC time)
Company Analysis	2022/05/17 00:00
End of Day Share Price	2022/05/06 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31