Declared Dividend • Apr 20
Dividend of €4.45 announced Shareholders will receive a dividend of €4.45. Ex-date: 30th April 2026 Payment date: 5th May 2026 Dividend yield will be 12%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 36x earnings) nor is it covered by cash flows (248% cash payout ratio). The dividend has increased by an average of 4.6% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 3,991% to bring the payout ratio under control. EPS is expected to grow by 251% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Apr 19
RTL Group S.A. announces Annual dividend, payable on May 05, 2026 RTL Group S.A. announced Annual dividend of EUR 0.6460 per share payable on May 05, 2026, ex-date on April 30, 2026 and record date on May 04, 2026. Announcement • Mar 27
RTL Group S.A., Annual General Meeting, Apr 29, 2026 RTL Group S.A., Annual General Meeting, Apr 29, 2026, at 15:00 W. Europe Standard Time. Location: at the registered office, 43, bld pierre frieden, l-1543 luxembourg-kirchberg, Luxembourg New Risk • Mar 17
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Dividend per share is over 36x earnings per share. Cash payout ratio: 140% Dividend yield: 15% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Dividend per share is over 36x earnings per share. Cash payout ratio: 140% Minor Risk Profit margins are more than 30% lower than last year (0.4% net profit margin). Reported Earnings • Mar 15
Full year 2025 earnings released: EPS: €0.15 (vs €2.15 in FY 2024) Full year 2025 results: EPS: €0.15 (down from €2.15 in FY 2024). Revenue: €6.02b (down 3.8% from FY 2024). Net income: €23.0m (down 93% from FY 2024). Profit margin: 0.4% (down from 5.3% in FY 2024). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 2.3% growth forecast for the Media industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Mar 10
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to €35.48. The fair value is estimated to be €29.34, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.5% over the last 3 years. Earnings per share has declined by 29%. Revenue is forecast to grow by 5.2% in 2 years. Earnings are forecast to grow by 47% in the next 2 years. New Risk • Oct 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (160% payout ratio). Profit margins are more than 30% lower than last year (3.9% net profit margin). Reported Earnings • Aug 12
First half 2025 earnings released: €0.14 loss per share (vs €0.45 profit in 1H 2024) First half 2025 results: €0.14 loss per share (down from €0.45 profit in 1H 2024). Revenue: €2.78b (down 3.2% from 1H 2024). Net loss: €22.0m (down 132% from profit in 1H 2024). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, while revenues in the Media industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €36.50, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Media industry in the United Kingdom. Total returns to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €52.59 per share. Announcement • May 01
RTL Group S.A. announces Annual dividend, payable on May 06, 2025 RTL Group S.A. announced Annual dividend of EUR 2.1250 per share payable on May 06, 2025, ex-date on May 02, 2025 and record date on May 05, 2025. Announcement • Mar 31
RTL Group S.A., Annual General Meeting, Apr 30, 2025 RTL Group S.A., Annual General Meeting, Apr 30, 2025, at 15:00 W. Europe Standard Time. Location: at the registered office (43, bld pierre frieden, l-1543 luxembourg-kirchberg)., kirchberg Luxembourg Reported Earnings • Mar 21
First half 2024 earnings released: EPS: €0.45 (vs €0.13 in 1H 2023) First half 2024 results: EPS: €0.45 (up from €0.13 in 1H 2023). Revenue: €2.87b (up 1.8% from 1H 2023). Net income: €69.0m (up 245% from 1H 2023). Profit margin: 2.4% (up from 0.7% in 1H 2023). Revenue is forecast to grow 3.2% p.a. on average during the next 4 years, compared to a 1.7% growth forecast for the Media industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. New Risk • Mar 21
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 106% Cash payout ratio: 92% Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €24.00, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 14x in the Media industry in the United Kingdom. Total loss to shareholders of 38% over the past three years. New Risk • Aug 12
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 7.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 106% Cash payout ratio: 92% Earnings are forecast to decline by an average of 7.2% per year for the foreseeable future. Reported Earnings • Aug 12
First half 2024 earnings released: EPS: €0.44 (vs €0.48 in 1H 2023) First half 2024 results: EPS: €0.44 (down from €0.48 in 1H 2023). Revenue: €2.96b (down 5.0% from 1H 2023). Net income: €69.0m (down 8.0% from 1H 2023). Profit margin: 2.3% (down from 2.4% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Media industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. New Risk • Mar 15
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.6% Last year net profit margin: 9.3% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 108% Cash payout ratio: 150% Minor Risk Profit margins are more than 30% lower than last year (5.6% net profit margin). Reported Earnings • Mar 15
Full year 2023 earnings released: EPS: €2.28 (vs €4.35 in FY 2022) Full year 2023 results: EPS: €2.28 (down from €4.35 in FY 2022). Revenue: €6.34b (down 12% from FY 2022). Net income: €352.0m (down 48% from FY 2022). Profit margin: 5.6% (down from 9.3% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Media industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Announcement • Dec 15
DPG Media Group NV reached an agreement to acquire RTL Nederland B.V. from RTL Group S.A. (XTRA:RRTL) for €1.1 billion. DPG Media Group NV reached an agreement to acquire RTL Nederland B.V. from RTL Group S.A. (XTRA:RRTL) for €1.1 billion on December 15, 2023. Under the terms of agreement, DPG Media Group is paying consideration in all cash and the total consideration on a debt- and cash-free basis and with a normalised net working capital, to be paid at closing, amounts to €1.1 billion. As part of the sale, RTL Group and DPG Media will enter into a strategic partnership, spanning from technology to advertising sales and content: At the time of closing of the transaction, the service agreements for RTL Nederland in the areas of streaming technology (via Bedrock), broadcasting operations (via RTL Group’s technical services provider BCE) and international advertising sales (via RTL AdAlliance) will be renewed for at least three years. RTL Nederland will also continue to use the solutions provided by RTL Group’s ad-tech business, Smartclip. For three years after closing, RTL Group’s broadcasters in Germany, France and Hungary will receive first-look rights for all new programmes developed by RTL Nederland. Based on a separate trademark license agreement, DPG Media will continue to use the "RTL" brand in the Netherlands at least until December 2034. Until the closing of the transaction, RTL Group will continue to benefit from all cash flows and profits generated by RTL Nederland. In 2022, RTL Nederland’s total revenue was €636 million.
The transaction is subject to regulatory approvals and the consultation process with the respective works councils and the transaction is also subject to approval by the Netherlands Authority for Consumers and Markets (ACM) and will be submitted for advice to the relevant works councils. The all-cash transaction is expected to close around mid-2024. For RTL Group, J.P. Morgan has been involved as transaction advisor and NautaDutilh and Allen & Overy acted as legal counsel. In this transaction, DPG Media was assisted by LoyensLoeff, Linklaters and LDS Advisory. The capital gain from the transaction will be largely tax exempt and will amount to approximately €0.8 billion. RTL Group’s shareholders will benefit from the transaction in line with the Group’s stated dividend policy. Announcement • Oct 07
RTL Group S.A. to Report Nine Months, 2023 Results on Nov 08, 2023 RTL Group S.A. announced that they will report nine months, 2023 results on Nov 08, 2023 New Risk • Aug 10
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 108% Cash payout ratio: 343% Dividend yield: 9.5% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 10
First half 2023 earnings released: EPS: €0.48 (vs €1.58 in 1H 2022) First half 2023 results: EPS: €0.48 (down from €1.58 in 1H 2022). Revenue: €3.11b (down 5.1% from 1H 2022). Net income: €75.0m (down 69% from 1H 2022). Profit margin: 2.4% (down from 7.5% in 1H 2022). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Media industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Upcoming Dividend • Apr 20
Upcoming dividend of €3.48 per share at 7.1% yield Eligible shareholders must have bought the stock before 27 April 2023. Payment date: 02 May 2023. Payout ratio is on the higher end at 80%, and the cash payout ratio is above 100%. Trailing yield: 7.1%. Within top quartile of British dividend payers (5.8%). Higher than average of industry peers (3.1%). Reported Earnings • Mar 18
Full year 2022 earnings released: EPS: €4.35 (vs €8.41 in FY 2021) Full year 2022 results: EPS: €4.35 (down from €8.41 in FY 2021). Revenue: €7.31b (up 10% from FY 2021). Net income: €673.0m (down 48% from FY 2021). Profit margin: 9.2% (down from 20% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Media industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 15% per year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 7 non-independent directors. Independent Non-Executive Director Pernille Erenbjerg was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 10
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €863.0m from profit in 1H 2021). Profit margin: (down from 29% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 8.7%, compared to a 5.1% growth forecast for the industry in the United Kingdom. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 7 non-independent directors. Independent Non-Executive Director Pernille Erenbjerg was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 18
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: €8.41 (up from €3.20 in FY 2020). Revenue: €6.73b (up 12% from FY 2020). Net income: €1.30b (up 164% from FY 2020). Profit margin: 19% (up from 8.2% in FY 2020). Revenue missed analyst estimates by 2.3%. Over the next year, revenue is forecast to grow 10%, compared to a 11% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Aug 08
First half 2021 earnings released: EPS €5.58 (vs €0.61 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €3.01b (up 14% from 1H 2020). Net income: €863.0m (up €769.0m from 1H 2020). Profit margin: 29% (up from 3.5% in 1H 2020). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Executive Departure • May 06
Non-Executive Director has left the company On the 28th of April, Bernd Kundrun's tenure as Non-Executive Director ended after 9.0 years in the role. We don't have any record of a personal shareholding under Bernd's name. A total of 3 executives have left over the last 12 months. Executive Departure • May 06
Non-Executive Director has left the company On the 28th of April, Rolf Schmidt-Holtz's tenure as Non-Executive Director ended after 9.0 years in the role. We don't have any record of a personal shareholding under Rolf's name. A total of 3 executives have left over the last 12 months. Reported Earnings • Apr 16
Full year 2020 earnings released: EPS €3.20 (vs €4.91 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €6.02b (down 9.5% from FY 2019). Net income: €492.0m (down 35% from FY 2019). Profit margin: 8.2% (down from 11% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 11% per year. Reported Earnings • Mar 14
Full year 2020 earnings released: EPS €3.20 (vs €4.91 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €6.02b (down 9.5% from FY 2019). Net income: €492.0m (down 35% from FY 2019). Profit margin: 8.2% (down from 11% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 11% per year. Analyst Estimate Surprise Post Earnings • Mar 14
Revenue beats expectations Revenue exceeded analyst estimates by 1.0%. Over the next year, revenue is forecast to grow 1.4%, compared to a 2.1% growth forecast for the Media industry in the United Kingdom. Is New 90 Day High Low • Feb 11
New 90-day high: €48.30 The company is up 30% from its price of €37.20 on 13 November 2020. The British market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €97.52 per share. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improved over the past week After last week's 16% share price gain to €47.44, the stock is trading at a trailing P/E ratio of 16x, up from the previous P/E ratio of 13.8x. This compares to an average P/E of 25x in the Media industry in the United Kingdom. Total return to shareholders over the past three years is a loss of 20%. Is New 90 Day High Low • Jan 20
New 90-day high: €41.02 The company is up 23% from its price of €33.22 on 22 October 2020. The British market is up 16% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Media industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €104 per share. Is New 90 Day High Low • Jan 05
New 90-day high: €40.41 The company is up 17% from its price of €34.40 on 07 October 2020. The British market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Media industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €59.68 per share. Is New 90 Day High Low • Dec 14
New 90-day high: €40.06 The company is up 28% from its price of €31.28 on 15 September 2020. The British market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 27% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €60.33 per share. Is New 90 Day High Low • Nov 05
New 90-day high: €35.98 The company is up 26% from its price of €28.62 on 07 August 2020. The British market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €51.78 per share. Is New 90 Day High Low • Sep 28
New 90-day high: €31.90 The company is up 13% from its price of €28.32 on 30 June 2020. The British market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €60.71 per share.