MFE-MediaForEurope (BATS-CHIXE:MFEBM) - Share price, News & Analysis

MFEBM fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	0/6
Past Performance	5/6
Financial Health	4/6
Dividends	0/6

MFEBM Stock Overview

MFE-MediaForEurope N.V. primarily operates in the television (TV) industry in Italy and Spain.

Rewards

Trading at 62.5% below our estimate of its fair value

Earnings grew by 270.4% over the past year

Risk Analysis

Earnings are forecast to decline by an average of 6.9% per year for the next 3 years

Shares are highly illiquid

Shareholders have been substantially diluted in the past year

MFE-MediaForEurope Competitors

ITV

LSE:ITV

UK£3.1b

Apple

NasdaqGS:AAPL

US$2.7t

Amazon.com

NasdaqGS:AMZN

US$1.6t

Walt Disney

NYSE:DIS

US$232.6b

Price History & Performance

Summary of all time highs, changes and price drops for MFE-MediaForEurope
Historical stock prices
Current Share Price	€0.94
52 Week High	€1.30
52 Week Low	€0.94
Beta	0.81
1 Month Change	n/a
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-22.58%

Shareholder Returns

	MFEBM	GB Media	GB Market
7D	-11.8%	0.3%	0.2%
1Y	n/a	-5.9%	0.01%

Return vs Industry: Insufficient data to determine how MFEBM performed against the UK Media industry.

Return vs Market: Insufficient data to determine how MFEBM performed against the UK Market.

Price Volatility

Is MFEBM's price volatile compared to industry and market?
MFEBM volatility
MFEBM Average Weekly Movement	n/a
Media Industry Average Movement	6.5%
Market Average Movement	6.2%
10% most volatile stocks in GB Market	13.1%
10% least volatile stocks in GB Market	3.1%

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

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

About the Company

Founded	Employees	CEO	Website
n/a	4,929	Dudi Berlusconi	https://www.mfemediaforeurope.com

MFE-MediaForEurope N.V. primarily operates in the television (TV) industry in Italy and Spain. The company engages in the content production and third-party acquisition; content distribution in linear and non-linear, and free-to-air and pay-per-view content distribution activities with a range of content centered on football, cinema, TV series, documentaries, and children's channels. It is also involved in the radio broadcasting activates; and other activities, including film production and distribution, teleshopping, publishing activities, licensing and merchandising, and foreign advertising concessions.

MFE-MediaForEurope Fundamentals Summary

How do MFE-MediaForEurope's earnings and revenue compare to its market cap?
MFEBM fundamental statistics
Market Cap	€1.81b
Earnings (TTM)	€402.60m
Revenue (TTM)	€2.88b

5.6x

P/E Ratio

0.8x

P/S Ratio

Is MFEBM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
MFEBM income statement (TTM)
Revenue	€2.88b
Cost of Revenue	€1.90b
Gross Profit	€978.00m
Other Expenses	€575.40m
Earnings	€402.60m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Apr 27, 2022

Earnings per share (EPS)	0.17
Gross Margin	33.93%
Net Profit Margin	13.97%
Debt/Equity Ratio	29.0%

How did MFEBM perform over the long term?

See historical performance and comparison

Valuation

Is MFE-MediaForEurope undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: MFEBM (€0.94) is trading below our estimate of fair value (€2.5)

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

Price To Earnings Ratio

PE vs Industry: MFEBM is good value based on its PE Ratio (5.6x) compared to the UK Media industry average (36.4x).

PE vs Market: MFEBM is good value based on its PE Ratio (5.6x) compared to the UK market (16.7x).

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: MFEBM is good value based on its PB Ratio (0.9x) compared to the GB Media industry average (2x).

Future Growth

How is MFE-MediaForEurope forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

-6.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MFEBM's earnings are forecast to decline over the next 3 years (-6.9% per year).

Earnings vs Market: MFEBM's earnings are forecast to decline over the next 3 years (-6.9% per year).

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

Revenue vs Market: MFEBM's revenue (0.6% per year) is forecast to grow slower than the UK market (4.8% per year).

High Growth Revenue: MFEBM's revenue (0.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MFEBM's Return on Equity is forecast to be low in 3 years time (9.1%).

Past Performance

How has MFE-MediaForEurope performed over the past 5 years?

70.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MFEBM has high quality earnings.

Growing Profit Margin: MFEBM's current net profit margins (14%) are higher than last year (4.2%).

Past Earnings Growth Analysis

Earnings Trend: MFEBM has become profitable over the past 5 years, growing earnings by 70.9% per year.

Accelerating Growth: MFEBM's earnings growth over the past year (270.4%) exceeds its 5-year average (70.9% per year).

Earnings vs Industry: MFEBM earnings growth over the past year (270.4%) exceeded the Media industry 61.7%.

Return on Equity

High ROE: MFEBM's Return on Equity (15.4%) is considered low.

Financial Health

How is MFE-MediaForEurope's financial position?

Financial Position Analysis

Short Term Liabilities: MFEBM's short term assets (€256.5M) do not cover its short term liabilities (€1.6B).

Long Term Liabilities: MFEBM's short term assets (€256.5M) do not cover its long term liabilities (€984.1M).

Debt to Equity History and Analysis

Debt Level: MFEBM's net debt to equity ratio (5.6%) is considered satisfactory.

Reducing Debt: MFEBM's debt to equity ratio has reduced from 42% to 29% over the past 5 years.

Debt Coverage: MFEBM's debt is well covered by operating cash flow (107.6%).

Interest Coverage: MFEBM earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet

Dividend

What is MFE-MediaForEurope current dividend yield, its reliability and sustainability?

7.54%

Forecast Dividend Yield

Dividend Yield vs Market

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

High Dividend: Unable to evaluate MFEBM's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MFEBM's dividends per share have been stable in the past.

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

Earnings Payout to Shareholders

Earnings Coverage: MFEBM is not paying a notable dividend for the UK market.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as MFEBM has not reported any payouts.

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?

7.4yrs

Average management tenure

CEO

Dudi Berlusconi (52 yo)

7yrs

Tenure

€1,477,969

Compensation

Mr. Pier Silvio Berlusconi, also known as Dudi, serves as the President of Reti Televisive Italiane S.p.A. Mr. Berlusconi has been Chief Executive Officer of Mediaset NV (formerly known as Mediaset SpA) si...

CEO Compensation Analysis

Compensation vs Market: Dudi's total compensation ($USD1.59M) is about average for companies of similar size in the UK market ($USD1.64M).

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

Leadership Team

Experienced Management: MFEBM's management team is seasoned and experienced (7.4 years average tenure).

Board Members

Experienced Board: MFEBM's board of directors are seasoned and experienced ( 14.5 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 been substantially diluted in the past year, with total shares outstanding growing by 104.4%.

Data	Last Updated (UTC time)
Company Analysis	2022/04/18 00:00
End of Day Share Price	2022/04/12 00:00
Earnings	2021/09/30
Annual Earnings	2020/12/31