Declared Dividend • May 24
Dividend of €0.042 announced Dividend of €0.042 is the same as last year. Ex-date: 27th May 2026 Payment date: 29th May 2026 Dividend yield will be 2.2%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is not adequately covered by earnings (96% earnings payout ratio). However, it is well covered by cash flows (27% 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 6.4% to bring the payout ratio under control, which is less than the 63% EPS growth achieved over the last 5 years. Announcement • May 22
Grupo Média Capital, SGPS, S.A. announces Annual dividend, payable on May 29, 2026 Grupo Média Capital, SGPS, S.A. announced Annual dividend of EUR 0.0420 per share payable on May 29, 2026, ex-date on May 27, 2026 and record date on May 28, 2026. Announcement • Apr 29
Grupo Média Capital, SGPS, S.A., Annual General Meeting, May 20, 2026 Grupo Média Capital, SGPS, S.A., Annual General Meeting, May 20, 2026. Location: rua mario castelhano n 40, barcarena, oeiras Portugal Reported Earnings • Mar 30
Full year 2025 earnings released Full year 2025 results: Revenue: €172.4m (up 22% from FY 2024). Net income: €3.71m (down 60% from FY 2024). Profit margin: 2.2% (down from 6.6% in FY 2024). The decrease in margin was driven by higher expenses. Board Change • Mar 20
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 11 experienced directors. No highly experienced directors. No independent directors (9 non-independent directors). Non-Executive Director Alfredo José Alves Pereira was the last director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Feb 13
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 11 experienced directors. No highly experienced directors. No independent directors (9 non-independent directors). Non-Executive Director Alfredo José Alves Pereira was the last director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Dec 29
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 11 experienced directors. No highly experienced directors. No independent directors (9 non-independent directors). Non-Executive Director Alfredo José Alves Pereira was the last director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Dec 08
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 11 experienced directors. No highly experienced directors. No independent directors (9 non-independent directors). Non-Executive Director Alfredo José Alves Pereira was the last director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to €2.00, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 15x in the Media industry in Europe. Total returns to shareholders of 123% over the past three years. New Risk • Jul 15
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Portuguese stocks, typically moving 10% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risk Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to €1.62, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 15x in the Media industry in Europe. Total returns to shareholders of 42% over the past three years. Announcement • May 27
Grupo Média Capital, SGPS, S.A. announces Annual dividend, payable on May 30, 2025 Grupo Média Capital, SGPS, S.A. announced Annual dividend of EUR 0.0420 per share payable on May 30, 2025, ex-date on May 28, 2025 and record date on May 29, 2025. Valuation Update With 7 Day Price Move • May 06
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €1.95, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 15x in the Media industry in Europe. Total returns to shareholders of 79% over the past three years. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €1.62, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 14x in the Media industry in Europe. Total returns to shareholders of 45% over the past three years. Reported Earnings • Mar 23
Full year 2024 earnings released Full year 2024 results: Revenue: €176.9m (up 35% from FY 2023). Net income: €9.26m (up €8.94m from FY 2023). Profit margin: 5.2% (up from 0.2% in FY 2023). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to €1.62, the stock trades at a trailing P/E ratio of 55.9x. Average trailing P/E is 13x in the Media industry in Europe. Total returns to shareholders of 43% over the past three years. Board Change • Mar 07
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 8 non-independent directors. Director Miguel Maria Cunha Osorio Araujo was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Feb 10
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Dividend is not well covered by earnings and cash flows. Dividend per share is over 21x earnings per share. Cash payout ratio: 116% Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to €1.62, the stock trades at a trailing P/E ratio of 55.9x. Average trailing P/E is 14x in the Media industry in Europe. Total returns to shareholders of 93% over the past three years. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to €2.00, the stock trades at a trailing P/E ratio of 69x. Average trailing P/E is 13x in the Media industry in Europe. Total returns to shareholders of 76% over the past three years. Board Change • Jan 01
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 8 non-independent directors. Director Miguel Maria Cunha Osorio Araujo was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €2.00, the stock trades at a trailing P/E ratio of 69x. Average trailing P/E is 14x in the Media industry in Europe. Total returns to shareholders of 198% over the past three years. Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to €1.80, the stock trades at a trailing P/E ratio of 62.1x. Average trailing P/E is 14x in the Media industry in Europe. Total returns to shareholders of 104% over the past three years. Buy Or Sell Opportunity • Sep 18
Now 54% overvalued after recent price rise Over the last 90 days, the stock has risen 38% to €1.80. The fair value is estimated to be €1.17, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Reported Earnings • Jul 29
First half 2024 earnings released First half 2024 results: Revenue: €76.3k (down 100% from 1H 2023). Net loss: €2.7k (loss narrowed 100% from 1H 2023). Reported Earnings • Apr 22
Full year 2023 earnings released Full year 2023 results: Revenue: €150.9m (flat on FY 2022). Net income: €319.0k (up €12.5m from FY 2022). Profit margin: 0.2% (up from net loss in FY 2022). New Risk • Apr 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 18% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. New Risk • Apr 03
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €88.7m (US$96.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 18% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€88.7m market cap, or US$96.1m). New Risk • Feb 19
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 Portuguese stocks, typically moving 6.0% 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. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 274% Earnings have declined by 18% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Market cap is less than US$100m (€88.7m market cap, or US$95.7m). New Risk • Oct 05
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 Portuguese stocks, typically moving 4.4% 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. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 357% Earnings have declined by 18% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (4.4% average weekly change). New Risk • Aug 04
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €91.3m (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 32% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (€91.3m market cap, or US$99.9m). Board Change • Jun 28
No independent directors There are 12 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 12 new directors. No experienced directors. No highly experienced directors. No independent directors (9 non-independent directors). Non Executive Director Cristina Maria Ferreira is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Apr 25
No independent directors There are 12 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 12 new directors. No experienced directors. No highly experienced directors. No independent directors (9 non-independent directors). Non Executive Director Cristina Maria Ferreira is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Feb 07
No independent directors There are 12 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 12 new directors. No experienced directors. No highly experienced directors. No independent directors (9 non-independent directors). Non Executive Director Cristina Maria Ferreira is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Nov 23
No independent directors There are 12 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 12 new directors. No experienced directors. No highly experienced directors. No independent directors (9 non-independent directors). Non Executive Director Cristina Maria Ferreira is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Oct 11
No independent directors There are 12 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 12 new directors. No experienced directors. No highly experienced directors. No independent directors (9 non-independent directors). Non Executive Director Cristina Maria Ferreira is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Sep 12
No independent directors There are 12 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 12 new directors. No experienced directors. No highly experienced directors. No independent directors (9 non-independent directors). Non Executive Director Cristina Maria Ferreira is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Aug 16
First half 2022 earnings released: EPS: €0.48 (vs €0.10 loss in 1H 2021) First half 2022 results: EPS: €0.48 (up from €0.10 loss in 1H 2021). Revenue: €123.9m (up 71% from 1H 2021). Net income: €40.8m (up €49.3m from 1H 2021). Profit margin: 33% (up from net loss in 1H 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Board Change • Aug 16
No independent directors There are 11 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 11 new directors. 1 experienced director. No highly experienced directors. No independent directors (9 non-independent directors). Director Cristina Maria Ferreira is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Jul 29
No independent directors There are 11 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 11 new directors. 1 experienced director. No highly experienced directors. No independent directors (9 non-independent directors). Director Cristina Maria Ferreira is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Jun 15
No independent directors There are 11 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 11 new directors. 1 experienced director. No highly experienced directors. No independent directors (9 non-independent directors). Director Cristina Maria Ferreira is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Jun 01
Bauer Media Audio Holding GmbH completed the acquisition of Media Capital Rádios, S.A from Grupo Media Capital, SGPS, S.A. (ENXTLS:MCP). Bauer Media Audio Holding GmbH entered into a agreement to acquire Media Capital Rádios, S.A from Grupo Media Capital, SGPS, S.A. (ENXTLS:MCP) for €69.6 million on February 3, 2022. Completion of the acquisition is subject to customary closing conditions and regulatory approval. João Mattamouros Resende, Pedro Marques Bom and Joana Mota Agostinho of Cuatrecasas, Gonçalves Pereira & Associados R.L. acted as legal advisor to Bauer Media Audio Holding GmbH.
Bauer Media Audio Holding GmbH completed the acquisition of Media Capital Rádios, S.A from Grupo Media Capital, SGPS, S.A. (ENXTLS:MCP) on May 31, 2022. Board Change • May 26
No independent directors There are 11 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 11 new directors. 1 experienced director. No highly experienced directors. No independent directors (9 non-independent directors). Director Cristina Maria Ferreira is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Apr 29
No independent directors There are 11 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 11 new directors. 1 experienced director. No highly experienced directors. No independent directors (9 non-independent directors). Director Cristina Maria Ferreira is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Mar 10
No independent directors There are 11 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 11 new directors. 1 experienced director. No highly experienced directors. No independent directors (9 non-independent directors). Director Cristina Maria Ferreira is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Feb 04
Bauer Media Audio Holding GmbH entered into a agreement to acquire Media Capital Rádios, S.A from Grupo Media Capital, SGPS, S.A. (ENXTLS:MCP) for €69.6 million. Bauer Media Audio Holding GmbH entered into a agreement to acquire Media Capital Rádios, S.A from Grupo Media Capital, SGPS, S.A. (ENXTLS:MCP) for €69.6 million on February 3, 2022. Completion of the acquisition is subject to customary closing conditions and regulatory approval. Board Change • Feb 03
No independent directors There are 11 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 11 new directors. 1 experienced director. No highly experienced directors. No independent directors (9 non-independent directors). Director Cristina Maria Ferreira is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Nov 05
No independent directors There are 12 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 12 new directors. No experienced directors. No highly experienced directors. No independent directors (9 non-independent directors). Director Cristina Maria Ferreira is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Oct 20
No independent directors There are 12 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 12 new directors. No experienced directors. No highly experienced directors. No independent directors (9 non-independent directors). Director Cristina Maria Ferreira is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Aug 24
An unknown buyer acquired 5.1% stake in Grupo Media Capital, SGPS, S.A. (ENXTLS:MCP) from ABANCA Corporación Bancaria, S.A. An unknown buyer acquired 5.1% stake in Grupo Media Capital, SGPS, S.A. (ENXTLS:MCP) from ABANCA Corporación Bancaria, S.A. on August 12, 2021. Post completion, ABANCA Corporación Bancaria, S.A. hold no stake in Grupo Media Capital, SGPS, S.A.
An unknown buyer completed the acquisition of 5.1% stake in Grupo Media Capital, SGPS, S.A. (ENXTLS:MCP) from ABANCA Corporación Bancaria, S.A. on August 12, 2021. Announcement • Nov 27
Pluris Investments, SA made a tender offer to acquire remaining 69.8% in Grupo Media Capital, SGPS, S.A. (ENXTLS:MCP) from shareholders for €39.5 million. Pluris Investments, SA made a tender offer to acquire remaining 69.8% in Grupo Media Capital, SGPS, S.A. (ENXTLS:MCP) from shareholders for €39.5 million on November 25, 2020. The consideration is payable in cash. The offer per share is yet to be finalized by auditor but will be a minimum of €0.67 per share and hence the total consideration will be minimum of €39.5 million. Announcement • Sep 24
Cofina, SGPS, S.A. (ENXTLS:CFN) cancelled the acquisition of 5.31% stake in Grupo Media Capital, SGPS, S.A. (ENXTLS:MCP). Cofina, SGPS, S.A. (ENXTLS:CFN) made a takeover offer to acquire 5.31% stake in Grupo Media Capital, SGPS, S.A. (ENXTLS:MCP) for €10.5 million on September 21, 2019. Cofina, SGPS, S.A. will acquire the shares at a price of €2.33 per share. In addition to this purchase price, Cofina will assume the debt of Grupo Media Capital, which represents the total value of the business of the group. In a related transaction, Cofina, SGPS, S.A. agreed to acquire 94.69% stake in Grupo Media Capital, SGPS, S.A. from Vertix SGPS, S.A. for approximately €170 million on September 21, 2019. A capital increase of €85 million is realized to finance the operation. The conclusion of the acquisition process of Vertix – and, indirectly, of 94.69% of the share capital and voting rights of Média Capital – is subjected to the verification of a set of suspensive conditions, namely the non-opposition of Portuguese Competition Authority. In this scope, it was given, on October 31, 2019 a favourable opinion from Portuguese Regulatory Authority for the Media (ERC - Entidade Reguladora para a Comunicação Social) and from Autoridade Nacional de Comunicações (ANACOM) for the acquisition of Média Capital by Cofina. Banco Santander Totta, S.A. acted as financial advisor for Grupo Media Capital, SGPS, S.A.
Cofina, SGPS, S.A. (ENXTLS:CFN) cancelled the acquisition of 5.31% stake in Grupo Media Capital, SGPS, S.A. (ENXTLS:MCP) on September 21, 2020. 
