New Risk • 1h
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 Spanish stocks, typically moving 4.9% 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. Reported Earnings • May 14
First quarter 2026 earnings released First quarter 2026 results: €0.083 loss per share. Revenue: €78.2m (up 43% from 1Q 2025). Net loss: €10.0m (flat on 1Q 2025). Revenue is forecast to stay flat during the next 3 years compared to a 2.3% growth forecast for the Media industry in Europe. Duyuru • Apr 08
Vocento, S.A., Annual General Meeting, May 13, 2026 Vocento, S.A., Annual General Meeting, May 13, 2026. Location: hotel melia bilbao, calle lehendakari leizaola 29., bilbao Spain Major Estimate Revision • Feb 28
Consensus EPS estimates upgraded to €0.052 loss The consensus outlook for fiscal year 2026 has been updated. 2026 losses forecast to reduce from -€0.067 to -€0.052 per share. Revenue forecast steady at €342.6m. Media industry in Spain expected to see average net income growth of 21% next year. Consensus price target of €0.88 unchanged from last update. Share price was steady at €0.67 over the past week. New Risk • Dec 16
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 Spanish stocks, typically moving 4.3% 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 Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 261% Paying a dividend despite having no free cash flows. Minor Risks Less than 1 year of cash runway based on current free cash flow (-€20m). Currently unprofitable and not forecast to become profitable over next 3 years (€1.5m net loss in 3 years). Share price has been volatile over the past 3 months (4.3% average weekly change). Reported Earnings • Nov 17
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: €124.3m (up €114.8m from 3Q 2024). Net loss: €18.4m (loss widened 37% from 3Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 2.8% growth forecast for the Media industry in Europe. Reported Earnings • Aug 01
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: €105.2m (down 5.6% from 2Q 2024). Net income: €9.92m (up €10.7m from 2Q 2024). Profit margin: 9.4% (up from net loss in 2Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 1.6% growth forecast for the Media industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 119 percentage points per year, which is a significant difference in performance. New Risk • Jul 10
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 Spanish stocks, typically moving 4.5% 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 Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 261% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (4.5% average weekly change). Market cap is less than US$100m (€77.3m market cap, or US$90.7m). Price Target Changed • Jun 03
Price target increased by 17% to €0.88 Up from €0.75, the current price target is an average from 2 analysts. New target price is 30% above last closing price of €0.67. Stock is down 22% over the past year. The company is forecast to post earnings per share of €0.07 next year compared to a net loss per share of €0.81 last year. Reported Earnings • May 14
First quarter 2025 earnings released First quarter 2025 results: €0.084 loss per share. Revenue: €76.8m (up 31% from 1Q 2024). Net loss: €10.1m (loss narrowed 21% from 1Q 2024). Revenue is forecast to stay flat during the next 2 years compared to a 2.2% growth forecast for the Media industry in Europe. New Risk • May 12
New major risk - Revenue and earnings growth Earnings have declined by 38% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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: 261% Paying a dividend despite having no free cash flows. Earnings have declined by 38% per year over the past 5 years. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€2.7m net loss in 2 years). Market cap is less than US$100m (€81.9m market cap, or US$90.9m). Reported Earnings • Mar 28
Full year 2024 earnings released Full year 2024 results: Revenue: €344.7m (down 3.9% from FY 2023). Net loss: €97.2m (down €101.3m from profit in FY 2023). Revenue is forecast to grow 2.7% p.a. on average during the next 2 years, compared to a 2.7% growth forecast for the Media industry in Europe. Duyuru • Mar 28
Vocento, S.A., Annual General Meeting, May 06, 2025 Vocento, S.A., Annual General Meeting, May 06, 2025. Location: hotel melia bilbao, calle lehendakari leizaola 29, bilbao Spain Major Estimate Revision • Mar 20
Consensus EPS estimates fall by 60% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €360.9m to €354.8m. Losses expected to increase from €0.15 per share to €0.24. Media industry in Spain expected to see average net income growth of 14% next year. Consensus price target of €0.70 unchanged from last update. Share price rose 6.6% to €0.78 over the past week. New Risk • Mar 19
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: €7.3m Forecast net loss in 2 years: €5.6m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 261% Cash payout ratio: 104% Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€5.6m net loss in 2 years). Market cap is less than US$100m (€91.8m market cap, or US$99.8m). New Risk • Dec 11
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 Spanish stocks, typically moving 4.3% 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 Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 261% Cash payout ratio: 104% Minor Risks Share price has been volatile over the past 3 months (4.3% average weekly change). Market cap is less than US$100m (€78.7m market cap, or US$82.8m). Major Estimate Revision • Nov 20
Consensus EPS estimates fall by 404% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -€0.018 to -€0.092 per share. Revenue forecast of €360.0m unchanged since last update. Media industry in Spain expected to see average net income growth of 12% next year. Consensus price target down from €0.90 to €0.70. Share price fell 3.8% to €0.61 over the past week. Price Target Changed • Nov 10
Price target decreased by 27% to €0.70 Down from €0.97, the current price target is an average from 2 analysts. New target price is 8.0% above last closing price of €0.65. Stock is up 2.8% over the past year. The company is forecast to post a net loss per share of €0.02 compared to earnings per share of €0.033 last year. Major Estimate Revision • Nov 05
Consensus EPS estimates fall by 212% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -€0.0064 to -€0.02 per share. Revenue forecast unchanged at €360.0m. Media industry in Spain expected to see average net income growth of 13% next year. Consensus price target down from €0.97 to €0.90. Share price fell 2.9% to €0.66 over the past week. New Risk • Aug 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €91.5m (US$100.0m) 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 261% Cash payout ratio: 178% Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (€91.5m market cap, or US$100.0m). Price Target Changed • Jul 30
Price target decreased by 19% to €0.97 Down from €1.20, the current price target is an average from 3 analysts. New target price is 18% above last closing price of €0.82. Stock is up 17% over the past year. The company is forecast to post earnings per share of €0.02 for next year compared to €0.033 last year. Major Estimate Revision • Jul 28
Consensus EPS estimates increase by 72% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from €0.036 to €0.061. Revenue forecast steady at €374.6m. Net income forecast to grow 1,603% next year vs 10% growth forecast for Media industry in Spain. Consensus price target of €1.27 unchanged from last update. Share price was steady at €0.81 over the past week. Upcoming Dividend • Apr 30
Upcoming dividend of €0.036 per share Eligible shareholders must have bought the stock before 07 May 2024. Payment date: 09 May 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.7%. Lower than top quartile of Spanish dividend payers (5.8%). In line with average of industry peers (3.8%). Reported Earnings • Apr 25
Full year 2023 earnings released: EPS: €0.033 (vs €0.031 in FY 2022) Full year 2023 results: EPS: €0.033 (up from €0.031 in FY 2022). Revenue: €358.6m (up 5.0% from FY 2022). Net income: €4.01m (up 7.0% from FY 2022). Profit margin: 1.1% (in line with FY 2022). Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Media industry in Europe. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Board Change • Apr 25
Less than half of directors are independent 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. 4 experienced directors. 7 highly experienced directors. 4 independent directors (8 non-independent directors). Independent Director Beatriz Reyero del Rio 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. Insufficient board refreshment. Upcoming Dividend • Apr 21
Upcoming dividend of €0.037 per share at 6.6% yield Eligible shareholders must have bought the stock before 28 April 2023. Payment date: 03 May 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 6.6%. Within top quartile of Spanish dividend payers (5.9%). Higher than average of industry peers (4.4%). Reported Earnings • Feb 28
Full year 2022 earnings released Full year 2022 results: Revenue: €344.8m (up 5.5% from FY 2021). Net income: €3.75m (down 69% from FY 2021). Profit margin: 1.1% (down from 3.7% in FY 2021). Revenue is forecast to stay flat during the next 3 years compared to a 1.4% growth forecast for the Media industry in Spain. Price Target Changed • Jan 22
Price target decreased to €1.30 Down from €1.53, the current price target is an average from 3 analysts. New target price is 90% above last closing price of €0.68. Stock is down 27% over the past year. The company is forecast to post earnings per share of €0.14 for next year compared to €0.099 last year. Board Change • Nov 16
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. 8 non-independent directors. Independent Director Beatriz Reyero del Rio 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 • Jul 28
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: (down 100% from 2Q 2021). Net income: (down €10.6m from profit in 2Q 2021). Profit margin: (down from 9.7% in 2Q 2021). Major Estimate Revision • May 11
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from €364.6m to €344.3m. EPS estimate rose from €0.14 to €0.16. Net income forecast to grow 70% next year vs 12% growth forecast for Media industry in Spain. Consensus price target of €1.70 unchanged from last update. Share price was steady at €0.94 over the past week. Upcoming Dividend • May 02
Upcoming dividend of €0.036 per share Eligible shareholders must have bought the stock before 09 May 2022. Payment date: 11 May 2022. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of Spanish dividend payers (5.5%). Higher than average of industry peers (3.8%). Reported Earnings • Apr 29
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: €0.099 (up from €0.19 loss in FY 2020). Revenue: €327.0m (up 4.0% from FY 2020). Net income: €12.0m (up €35.1m from FY 2020). Profit margin: 3.7% (up from net loss in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Over the next year, revenue is forecast to grow 11%, compared to a 701% growth forecast for the industry in Spain. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Price Target Changed • Apr 27
Price target increased to €1.70 Up from €1.45, the current price target is an average from 3 analysts. New target price is 79% above last closing price of €0.95. Stock is down 9.3% over the past year. The company is forecast to post earnings per share of €0.14 for next year compared to €0.083 last year. 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. 7 non-independent directors. Independent Director Beatriz Reyero del Río 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 • Mar 03
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: €0.11 (up from €0.18 loss in FY 2020). Revenue: €327.0m (down 3.7% from FY 2020). Net income: €10.3m (up €32.0m from FY 2020). Profit margin: 3.1% (up from net loss in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Over the next year, revenue is forecast to grow 11%, compared to a 718% growth forecast for the industry in Spain. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 14
Third quarter 2021 earnings released: €0.021 loss per share The company reported a soft third quarter result with weaker revenues and control over costs, although losses reduced. Third quarter 2021 results: Revenue: €16.8m (down 18% from 3Q 2020). Net loss: €2.52m (loss narrowed 15% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Reported Earnings • Jul 29
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €90.2m (up 22% from 2Q 2020). Net income: €10.6m (up €16.0m from 2Q 2020). Profit margin: 12% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Price Target Changed • May 07
Price target decreased to €1.43 Down from €1.70, the current price target is provided by 1 analyst. New target price is 31% above last closing price of €1.09. Stock is up 38% over the past year. Reported Earnings • May 05
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €339.5m (down 14% from FY 2019). Net loss: €21.8m (down 448% from profit in FY 2019). Reported Earnings • Mar 03
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €339.5m (down 14% from FY 2019). Net loss: €21.8m (down 448% from profit in FY 2019). Analyst Estimate Surprise Post Earnings • Mar 03
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 350%. Over the next year, revenue is forecast to grow 8.7%, compared to a 1.6% growth forecast for the Media industry in Spain. Price Target Changed • Feb 20
Price target lowered to €1.43 Down from €1.70, the current price target is an average from 2 analysts. The new target price is 45% above the current share price of €0.98. As of last close, the stock is down 11% over the past year. Is New 90 Day High Low • Dec 29
New 90-day high: €0.95 The company is up 51% from its price of €0.63 on 30 September 2020. The Spanish market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed 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 €3.48 per share. Is New 90 Day High Low • Dec 04
New 90-day high: €0.76 The company is up 14% from its price of €0.67 on 04 September 2020. The Spanish market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.58 per share. Analyst Estimate Surprise Post Earnings • Nov 17
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 25%. Over the next year, revenue is forecast to stay flat compared to a 3.5% decline forecast for the Media industry in Spain. Is New 90 Day High Low • Nov 16
New 90-day high: €0.72 The company is up 12% from its price of €0.64 on 18 August 2020. The Spanish market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Media industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.73 per share. Analyst Estimate Surprise Post Earnings • Nov 15
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 25%. Over the next year, revenue is forecast to grow 2.4% compared to a 3.6% decline forecast for the Media industry in Spain. Is New 90 Day High Low • Sep 23
New 90-day low: €0.62 The company is down 17% from its price of €0.75 on 25 June 2020. The Spanish market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.87 per share.