Financials MFE-Mediaforeurope N.V. Borsa Italiana

Equities

MS

NL0015000H23

Broadcasting

Delayed Borsa Italiana 11:35:34 2021-12-09 am EST 5-day change 1st Jan Change
2.372 EUR -0.34% Intraday chart for MFE-Mediaforeurope N.V. -.--% -.--%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 622.7 605 474 2,492 1,161 1,764 1,764 -
Enterprise Value (EV) 1 1,359 1,953 1,538 3,361 1,161 1,487 2,486 2,293
P/E ratio - 15.6 x 17.4 x 7.78 x - 9.4 x 8.28 x 7.7 x
Yield - 32% - - - 6.06% 6.64% 6.86%
Capitalization / Revenue 0.18 x 0.21 x 0.18 x 0.86 x 0.41 x 0.53 x 0.61 x 0.61 x
EV / Revenue 0.4 x 0.67 x 0.58 x 1.15 x 0.41 x 0.53 x 0.86 x 0.8 x
EV / EBITDA 7.47 x 4.26 x 4.04 x 6.56 x 2.97 x 3.85 x 5.87 x 4.01 x
EV / FCF 2.27 x 5.01 x 4.93 x 6.79 x - 10.3 x 9.31 x 8.31 x
FCF Yield 44% 19.9% 20.3% 14.7% - 9.67% 10.7% 12%
Price to Book - 1.22 x 0.89 x 0.53 x - 0.73 x 0.7 x 0.63 x
Nbr of stocks (in thousands) 226,916 227,428 227,222 464,411 516,034 560,224 560,224 -
Reference price 2 13.72 13.30 10.43 6.225 2.808 3.772 3.772 3.772
Announcement Date 3/12/19 3/11/20 4/26/21 4/28/22 4/19/23 4/18/24 - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 3,402 2,926 2,637 2,914 2,801 2,810 2,898 2,868
EBITDA 1 181.9 458.3 380.5 512.5 391.4 386.4 423.1 572.1
EBIT 1 210.5 354.6 269.7 475.6 322.5 322.7 335.1 340.6
Operating Margin 6.19% 12.12% 10.23% 16.32% 11.51% 11.5% 11.56% 11.88%
Earnings before Tax (EBT) 1 67 381.7 285.9 555.4 337.2 279.7 397.5 386
Net income 1 471.3 190.3 139.3 374.1 216.9 209.2 259 277.4
Net margin 13.86% 6.5% 5.28% 12.84% 7.74% 7.44% 8.94% 9.67%
EPS 2 - 0.8500 0.6000 0.8000 - 0.4012 0.4557 0.4901
Free Cash Flow 1 598.6 389.6 311.8 495 - 254.7 267 276
FCF margin 17.6% 13.32% 11.82% 16.99% - 9.08% 9.21% 9.62%
FCF Conversion (EBITDA) 329.08% 85.01% 81.94% 96.59% - 59.19% 63.11% 48.25%
FCF Conversion (Net income) 127.01% 204.73% 223.83% 132.32% - 112.62% 103.09% 99.51%
Dividend per Share 2 - 4.250 - - - 0.2287 0.2504 0.2586
Announcement Date 3/12/19 3/11/20 4/26/21 4/28/22 4/19/23 4/18/24 - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2023 S2
Net sales 1 1,387 605.4 921.6 654.3 734.2 1,388 511.6 901.1 646.6 723 492.6 948.2 -
EBITDA - - 183.9 136 - - 106.4 - - - - - -
EBIT 198.7 76.3 200.6 15.3 96.7 112 -14.4 - 19.3 101.6 -22.6 - -
Operating Margin 14.32% 12.6% 21.77% 2.34% 13.17% 8.07% -2.81% - 2.98% 14.05% -4.59% - -
Earnings before Tax (EBT) 1 - 77.5 - - - - - 191.5 16.5 - - 185.1 161.4
Net income 1 - - 100.3 - - - - 138.4 10.1 - - 138.2 122.1
Net margin - - 10.88% - - - - 15.36% 1.56% - - 14.57% -
EPS - - 0.2000 - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - -
Announcement Date 9/15/21 11/10/21 4/28/22 5/25/22 9/28/22 9/28/22 11/16/22 4/19/23 5/24/23 8/1/23 11/24/23 4/18/24 4/18/24
1EUR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,348 1,064 869 - - 722 529 395
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.942 x 2.797 x 1.696 x - - 1.706 x 0.9254 x 0.6459 x
Free Cash Flow 1 390 312 495 - - 267 276 297
ROE (net income / shareholders' equity) 7.79% 5.41% 14.1% - - 8.74% 8.79% 8.51%
ROA (Net income/ Total Assets) 3.46% 2.38% 6.45% - - 5.93% 5.83% -
Assets 1 5,500 5,852 5,802 - - 4,368 4,757 -
Book Value Per Share 2 10.90 11.70 11.70 - - 5.400 5.970 6.430
Cash Flow per Share 4.200 3.600 2.170 - - - - -
Capex 1 567 492 497 - - 428 416 434
Capex / Sales 19.36% 18.64% 17.04% - - 14.76% 14.5% 15.14%
Announcement Date 3/11/20 4/26/21 4/28/22 4/19/23 4/18/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
7
Last Close Price
3.772 EUR
Average target price
3.65 EUR
Spread / Average Target
-3.23%
Consensus

Quarterly revenue - Rate of surprise

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