MFE-MediaForEurope (BIT:MFEB) - Share price, News & Analysis

MFEB fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	1/6
Past Performance	4/6
Financial Health	4/6
Dividends	4/6

MFEB Stock Overview

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

Rewards

Trading at 65.7% below our estimate of its fair value

Earnings are forecast to grow 3.03% per year

Earnings have grown 67.2% per year over the past 5 years

Risk Analysis

Shareholders have been substantially diluted in the past year

Unstable dividend track record

Volatile share price over the past 3 months

MFE-MediaForEurope Competitors

Price History & Performance

Summary of all time highs, changes and price drops for MFE-MediaForEurope
Historical stock prices
Current Share Price	€0.67
52 Week High	€3.25
52 Week Low	€0.66
Beta	0.89
1 Month Change	-14.84%
3 Month Change	-38.95%
1 Year Change	-78.11%
3 Year Change	-76.75%
5 Year Change	-80.58%
Change since IPO	-81.78%

Recent News & Updates

May 08

Robust Earnings May Not Tell The Whole Story For MFE-MediaForEurope (BIT:MFEB)

Despite posting some strong earnings, the market for MFE-MediaForEurope N.V.'s ( BIT:MFEB ) stock hasn't moved much...

Shareholder Returns

	MFEB	IT Media	IT Market
7D	-3.5%	-1.4%	1.1%
1Y	-78.1%	-61.7%	-15.6%

Return vs Industry: MFEB underperformed the Italian Media industry which returned -61.3% over the past year.

Return vs Market: MFEB underperformed the Italian Market which returned -17.2% over the past year.

Price Volatility

Is MFEB's price volatile compared to industry and market?
MFEB volatility
MFEB Average Weekly Movement	6.1%
Media Industry Average Movement	4.8%
Market Average Movement	5.1%
10% most volatile stocks in IT Market	7.1%
10% least volatile stocks in IT Market	3.3%

Stable Share Price: MFEB is more volatile than 75% of Italian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: MFEB's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of Italian stocks.

About the Company

Founded	Employees	CEO	Website
1987	4,919	Dudi Berlusconi	https://www.mfemediaforeurope.com

MFE-MediaForEurope N.V. primarily operates in the television industry in Italy and Spain. The company engages in the content production and third-party content acquisition; and content distribution in linear and non-linear, and free-to-air and pay-per-view television across various platforms and radio content. It is also involved in the advertising sale for television operations through its concessionaires, and radio broadcasters and websites; and film production and distribution, publishing, licensing and merchandising, and advertising concessions for third-party publishing houses through Digitalia and foreign media through Publieurope.

MFE-MediaForEurope Fundamentals Summary

How do MFE-MediaForEurope's earnings and revenue compare to its market cap?
MFEB fundamental statistics
Market Cap	€1.25b
Earnings (TTM)	€324.30m
Revenue (TTM)	€2.90b

4.7x

P/E Ratio

0.5x

P/S Ratio

Is MFEB overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
MFEB income statement (TTM)
Revenue	€2.90b
Cost of Revenue	€1.99b
Gross Profit	€913.90m
Other Expenses	€589.60m
Earnings	€324.30m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Sep 27, 2022

Earnings per share (EPS)	0.14
Gross Margin	31.51%
Net Profit Margin	11.18%
Debt/Equity Ratio	23.0%

How did MFEB perform over the long term?

See historical performance and comparison

Dividends

7.5%

Current Dividend Yield

30%

Payout Ratio

Does MFEB pay a reliable dividends?

See MFEB dividend history and benchmarks

When do you need to buy MFEB by to receive an upcoming dividend?
MFE-MediaForEurope dividend dates
Ex Dividend Date	Sep 19 2022
Dividend Pay Date	Sep 21 2022
Days until Ex dividend	86 days
Days until Dividend pay date	88 days

Does MFEB pay a reliable dividends?

See MFEB dividend history and benchmarks

We’ve recently updated our valuation analysis.

Valuation

Is MFEB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MFEB?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for MFEB. This is calculated by dividing MFEB's market cap by their current preferred multiple.
What is MFEB's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	€1.25b

MFEB key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.9x
Enterprise Value/EBITDA	5.3x
PEG Ratio	1.6x

Price to Earnings Ratio vs Peers

How does MFEB's PE Ratio compare to its peers?

MFEB PE Ratio vs Peers

The above table shows the PE ratio for MFEB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	22.9x

Forward PE

Price-To-Earnings vs Peers: MFEB is good value based on its Price-To-Earnings Ratio (4.7x) compared to the peer average (22.9x).

Price to Earnings Ratio vs Industry

How does MFEB's PE Ratio compare vs other companies in the Media Industry?

Price-To-Earnings vs Industry: MFEB is good value based on its Price-To-Earnings Ratio (4.7x) compared to the Italian Media industry average (21x)

Price to Earnings Ratio vs Fair Ratio

What is MFEB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MFEB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	4.7x
Fair PE Ratio	14.1x

Price-To-Earnings vs Fair Ratio: MFEB is good value based on its Price-To-Earnings Ratio (4.7x) compared to the estimated Fair Price-To-Earnings Ratio (14.1x).

Share Price vs Fair Value

What is the Fair Price of MFEB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MFEB (€0.67) is trading below our estimate of fair value (€1.95)

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

Price to Earnings Growth Ratio

PEG Ratio: MFEB is poor value based on its PEG Ratio (1.6x)

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Future Growth

How is MFE-MediaForEurope forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

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

3.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MFEB's forecast earnings growth (3% per year) is above the savings rate (1.7%).

Earnings vs Market: MFEB's earnings (3% per year) are forecast to grow slower than the Italian market (10.2% per year).

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

Revenue vs Market: MFEB's revenue is expected to decline over the next 3 years (-0.2% per year).

High Growth Revenue: MFEB's revenue is forecast to decline over the next 3 years (-0.2% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MFEB's Return on Equity is forecast to be low in 3 years time (9.3%).

Discover growth companies

Past Performance

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

Past Performance Score

4/6

Past Performance Score 4/6

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

67.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MFEB has high quality earnings.

Growing Profit Margin: MFEB's current net profit margins (11.2%) are higher than last year (6.9%).

Past Earnings Growth Analysis

Earnings Trend: MFEB has become profitable over the past 5 years, growing earnings by 67.2% per year.

Accelerating Growth: MFEB's earnings growth over the past year (83%) exceeds its 5-year average (67.2% per year).

Earnings vs Industry: MFEB earnings growth over the past year (83%) underperformed the Media industry 99.7%.

Return on Equity

High ROE: MFEB's Return on Equity (12.8%) is considered low.

Discover strong past performing companies

Financial Health

How is MFE-MediaForEurope's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

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

Financial Position Analysis

Short Term Liabilities: MFEB's short term assets (€216.6M) do not cover its short term liabilities (€1.4B).

Long Term Liabilities: MFEB's short term assets (€216.6M) do not cover its long term liabilities (€778.3M).

Debt to Equity History and Analysis

Debt Level: MFEB's net debt to equity ratio (12.9%) is considered satisfactory.

Reducing Debt: MFEB's debt to equity ratio has reduced from 46.7% to 23% over the past 5 years.

Debt Coverage: MFEB's debt is well covered by operating cash flow (145.4%).

Interest Coverage: MFEB's interest payments on its debt are well covered by EBIT (283.1x coverage).

Balance Sheet

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Dividend

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

Dividend Score

4/6

Dividend Score 4/6

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

7.48%

Current Dividend Yield

Upcoming Dividend Payment

Dividend Yield vs Market

Notable Dividend: MFEB's dividend (7.48%) is higher than the bottom 25% of dividend payers in the Italian market (1.73%).

High Dividend: MFEB's dividend (7.48%) is in the top 25% of dividend payers in the Italian market (5.3%)

Stability and Growth of Payments

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

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

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (30.5%), MFEB's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (21.1%), MFEB's dividend payments are well covered by cash flows.

Discover strong dividend paying companies

Management

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

7.6yrs

Average management tenure

CEO

Dudi Berlusconi (52 yo)

7.17yrs

Tenure

€2,001,489

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 ($USD2.11M) is about average for companies of similar size in the Italian market ($USD1.94M).

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

Leadership Team

Experienced Management: MFEB's management team is seasoned and experienced (7.6 years average tenure).

Board Members

Experienced Board: MFEB's board of directors are seasoned and experienced ( 14.7 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 100.6%.

Data	Last Updated (UTC time)
Company Analysis	2022/06/24 00:00
End of Day Share Price	2022/06/24 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31