Reported Earnings • May 18
First quarter 2026 earnings released: kr0.32 loss per share (vs kr0.39 loss in 1Q 2025) First quarter 2026 results: kr0.32 loss per share (improved from kr0.39 loss in 1Q 2025). Revenue: kr902.2m (flat on 1Q 2025). Net loss: kr15.8m (loss narrowed 17% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 05
Upcoming dividend of kr3.30 per share Eligible shareholders must have bought the stock before 12 May 2026. Payment date: 20 May 2026. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 5.7%. Lower than top quartile of Norwegian dividend payers (7.2%). In line with average of industry peers (5.2%). Reported Earnings • Apr 12
Full year 2025 earnings released: EPS: kr0.15 (vs kr13.84 in FY 2024) Full year 2025 results: EPS: kr0.15 (down from kr13.84 in FY 2024). Revenue: kr3.65b (up 1.6% from FY 2024). Net income: kr7.50m (down 99% from FY 2024). Profit margin: 0.2% (down from 19% in FY 2024). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Apr 10
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to kr61.00. The fair value is estimated to be kr50.52, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 61%. New Risk • Feb 22
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Dividend per share is over 122x earnings per share. Cash payout ratio: 106% Dividend yield: 5.9% 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 122x earnings per share. Cash payout ratio: 106% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.02% net profit margin). Declared Dividend • Feb 15
Dividend of kr3.30 announced Shareholders will receive a dividend of kr3.30. Ex-date: 12th May 2026 Payment date: 20th May 2026 Dividend yield will be 6.2%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 122x earnings). However, it is covered by cash flows (64% cash payout ratio). The dividend has increased by an average of 4.8% 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 13,485% to bring the payout ratio under control. However, EPS has declined by 62% over the last 5 years so the company would need to reverse this trend. Announcement • Feb 13
Polaris Media ASA announces Annual dividend, payable on May 20, 2026 Polaris Media ASA announced Annual dividend of NOK 3.3000 per share payable on May 20, 2026, ex-date on May 12, 2026 and record date on May 13, 2026. Announcement • Nov 26
Polaris Media ASA, Annual General Meeting, May 11, 2026 Polaris Media ASA, Annual General Meeting, May 11, 2026. Reported Earnings • Nov 10
Third quarter 2025 earnings released: kr0.26 loss per share (vs kr1.61 profit in 3Q 2024) Third quarter 2025 results: kr0.26 loss per share (down from kr1.61 profit in 3Q 2024). Revenue: kr876.7m (flat on 3Q 2024). Net loss: kr12.9m (down 116% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Oct 29
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 21% to kr48.20. The fair value is estimated to be kr62.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 66%. Buy Or Sell Opportunity • Oct 13
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to kr50.00. The fair value is estimated to be kr62.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 66%. New Risk • Aug 26
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: 2.5% Last year net profit margin: 14% 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: Minor Risks Dividend is not well covered by earnings (106% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.5% net profit margin). Buy Or Sell Opportunity • Jul 30
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 28% to kr61.50. The fair value is estimated to be kr76.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. New Risk • Jul 15
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.3% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining 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 High level of non-cash earnings (22% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.0% average weekly change). Buy Or Sell Opportunity • Jul 07
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 27% to kr61.50. The fair value is estimated to be kr76.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Jun 11
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 29% to kr60.50. The fair value is estimated to be kr76.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • May 19
First quarter 2025 earnings released: kr0.39 loss per share (vs kr0.47 loss in 1Q 2024) First quarter 2025 results: kr0.39 loss per share (improved from kr0.47 loss in 1Q 2024). Revenue: kr893.9m (up 2.8% from 1Q 2024). Net loss: kr19.0m (loss narrowed 17% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. New Risk • May 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Norwegian stocks, typically moving 8.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • May 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr99.00, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 15x in the Media industry in Europe. Total returns to shareholders of 39% over the past three years. Upcoming Dividend • May 07
Upcoming dividend of kr22.40 per share Eligible shareholders must have bought the stock before 14 May 2025. Payment date: 21 May 2025. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Norwegian dividend payers (9.0%). Lower than average of industry peers (4.3%). Reported Earnings • Feb 15
Full year 2024 earnings released: EPS: kr13.84 (vs kr0.96 loss in FY 2023) Full year 2024 results: EPS: kr13.84 (up from kr0.96 loss in FY 2023). Revenue: kr3.60b (down 1.2% from FY 2023). Net income: kr678.0m (up kr725.0m from FY 2023). Profit margin: 19% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Nov 25
CEO of Stampen Media recently bought kr52k worth of stock On the 21st of November, Johan Hansson bought around 600 shares on-market at roughly kr86.00 per share. This transaction amounted to 3.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Declared Dividend • Nov 11
Dividend of kr20.40 announced Shareholders will receive a dividend of kr20.40. Ex-date: 14th May 2025 Payment date: 21st May 2025 Dividend yield will be 23%, which is higher than the industry average of 3.1%. Payout Ratios Payout ratio: 8%. Cash payout ratio: 41%. Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: kr1.61 (vs kr0.14 in 3Q 2023) Third quarter 2024 results: EPS: kr1.61 (up from kr0.14 in 3Q 2023). Revenue: kr873.7m (up 1.0% from 3Q 2023). Net income: kr78.7m (up kr71.6m from 3Q 2023). Profit margin: 9.0% (up from 0.8% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Nov 08
Polaris Media ASA, Annual General Meeting, May 13, 2025 Polaris Media ASA, Annual General Meeting, May 13, 2025. Reported Earnings • May 12
First quarter 2024 earnings released: kr0.47 loss per share (vs kr0.97 loss in 1Q 2023) First quarter 2024 results: kr0.47 loss per share (improved from kr0.97 loss in 1Q 2023). Revenue: kr869.3m (down 2.4% from 1Q 2023). Net loss: kr23.0m (loss narrowed 51% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Declared Dividend • Feb 11
Dividend reduced to kr1.00 Dividend of kr1.00 is 33% lower than last year. Ex-date: 8th May 2024 Payment date: 1st January 1970 Dividend yield will be 1.4%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 5x earnings) nor is it covered by cash flows (101% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 507% to bring the payout ratio under control. However, EPS has declined by 30% over the last 5 years so the company would need to reverse this trend. Reported Earnings • Nov 08
Third quarter 2023 earnings released: EPS: kr0.14 (vs kr1.64 in 3Q 2022) Third quarter 2023 results: EPS: kr0.14 (down from kr1.64 in 3Q 2022). Revenue: kr865.1m (down 1.3% from 3Q 2022). Net income: kr7.10m (down 91% from 3Q 2022). Profit margin: 0.8% (down from 9.2% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • May 07
First quarter 2023 earnings released: kr0.97 loss per share (vs kr0.29 loss in 1Q 2022) First quarter 2023 results: kr0.97 loss per share (further deteriorated from kr0.29 loss in 1Q 2022). Revenue: kr891.0m (up 2.8% from 1Q 2022). Net loss: kr47.3m (loss widened 229% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Upcoming Dividend • Apr 28
Upcoming dividend of kr1.50 per share at 3.0% yield Eligible shareholders must have bought the stock before 05 May 2023. Payment date: 22 May 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.0%. Lower than top quartile of Norwegian dividend payers (8.1%). Lower than average of industry peers (4.5%). Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment deteriorated over the past week After last week's 16% share price decline to kr52.20, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 12x in the Media industry in Europe. Total returns to shareholders of 32% over the past three years. Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Camilla Aldona Tepfers was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 31
Third quarter 2022 earnings released: EPS: kr1.64 (vs kr1.94 in 3Q 2021) Third quarter 2022 results: EPS: kr1.64 (down from kr1.94 in 3Q 2021). Revenue: kr876.5m (down 2.6% from 3Q 2021). Net income: kr80.4m (down 15% from 3Q 2021). Profit margin: 9.2% (down from 11% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Reported Earnings • Aug 25
Second quarter 2022 earnings released: EPS: kr0.24 (vs kr0.43 in 2Q 2021) Second quarter 2022 results: EPS: kr0.24 (down from kr0.43 in 2Q 2021). Revenue: kr921.8m (flat on 2Q 2021). Net income: kr11.8m (down 44% from 2Q 2021). Profit margin: 1.3% (down from 2.3% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 39% per year, which means it is well ahead of earnings. Reported Earnings • May 05
First quarter 2022 earnings released: kr0.29 loss per share (vs kr0.93 loss in 1Q 2021) First quarter 2022 results: kr0.29 loss per share (up from kr0.93 loss in 1Q 2021). Revenue: kr866.9m (up 4.1% from 1Q 2021). Net loss: kr14.4m (loss narrowed 68% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 36% per year, which means it is well ahead of earnings. Upcoming Dividend • Apr 27
Upcoming dividend of kr3.00 per share Eligible shareholders must have bought the stock before 03 May 2022. Payment date: 18 May 2022. Trailing yield: 2.6%. Lower than top quartile of Norwegian dividend payers (6.3%). Lower than average of industry peers (3.8%). Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Camilla Aldona Tepfers was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 16
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: kr3.08 (up from kr1.98 in FY 2020). Revenue: kr3.47b (up 4.5% from FY 2020). Net income: kr150.7m (up 56% from FY 2020). Profit margin: 4.3% (up from 2.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 51% per year, which means it is well ahead of earnings. Recent Insider Transactions • Nov 12
CEO of Stampen Media recently bought kr110k worth of stock On the 8th of November, Johan Hansson bought around 1k shares on-market at roughly kr87.90 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr333k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Aug 28
CEO of Stampen Media recently bought kr96k worth of stock On the 24th of August, Johan Hansson bought around 1k shares on-market at roughly kr76.80 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr223k more in shares than they have sold in the last 12 months. Reported Earnings • Aug 26
Second quarter 2021 earnings released: EPS kr0.43 (vs kr1.24 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: kr917.0m (up 19% from 2Q 2020). Net income: kr20.9m (down 65% from 2Q 2020). Profit margin: 2.3% (down from 7.8% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 48% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improved over the past week After last week's 18% share price gain to kr68.50, the stock trades at a trailing P/E ratio of 34.7x, up from the previous P/E ratio of 29.3x. Average P/E is 20x in the Media industry in Europe. Total returns to shareholders over the past three years are 287%. Is New 90 Day High Low • Mar 15
New 90-day high: kr64.00 The company is up 14% from a price of kr56.00 on 15 December 2020. Performed similarly to the Norwegian market which is up 14% over the last 90 days. Exceeded the Media industry, which is up 12% over the same period. Announcement • Mar 12
Polaris Media ASA (OB:POL) signed a co-operation agreement to acquire 12% stake in Mentor Medier AS for NOK 28.3 million. Polaris Media ASA (OB:POL) signed a co-operation agreement to acquire 12% stake in Mentor Medier AS for NOK 28.3 million on March 11, 2021. Reported Earnings • Feb 13
Full year 2020 earnings released: EPS kr3.25 (vs kr2.95 in FY 2019) The company reported a mediocre full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: kr3.23b (up 38% from FY 2019). Net income: kr96.5m (down 38% from FY 2019). Profit margin: 3.0% (down from 6.7% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Feb 12
Director recently bought kr53k worth of stock On the 11th of February, Camilla Aldona Tepfers bought around 900 shares on-market at roughly kr59.11 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr96k more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Nov 20
Market bids up stock over the past week After last week's 24% share price gain to kr57.00, the stock is trading at a trailing P/E ratio of 31.5x, up from the previous P/E ratio of 25.5x. This compares to an average P/E of 15x in the Media industry in Europe. Total returns to shareholders over the past three years are 225%. Reported Earnings • Nov 11
Third quarter 2020 earnings released: EPS kr1.09 The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: kr854.9m (up 37% from 3Q 2019). Net income: kr32.1m (down 66% from 3Q 2019). Profit margin: 3.8% (down from 15% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 40% per year whereas the company’s share price has increased by 36% per year. Is New 90 Day High Low • Nov 05
New 90-day high: kr49.80 The company is up 45% from its price of kr34.40 on 07 August 2020. The Norwegian 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 6.0% over the same period. Is New 90 Day High Low • Sep 25
New 90-day high: kr43.60 The company is up 15% from its price of kr37.80 on 26 June 2020. The Norwegian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Media industry, which is up 59% over the same period.