MFE-MEDIAFOREUROPE N.V. |
End-of-day quote
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|
5-day change | 1st Jan Change | ||
| 4.342 EUR | +0.05% |
|
+6.16% | +32.62% |
| Jun. 05 | MFE CEO sees ad sales up 6% in first half of 2024 | RE |
| May. 24 | Italy sets terms for RaiWay stake sale, TV towers tie-up | RE |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 605 | 474 | 2,492 | 1,161 | 1,487 | 2,078 | - | - |
| Enterprise Value (EV) 1 | 1,953 | 1,538 | 3,361 | 1,161 | 1,487 | 2,774 | 2,572 | 2,469 |
| P/E ratio | 15.6 x | 17.4 x | 7.78 x | - | 8.83 x | 8.56 x | 8.21 x | 8.36 x |
| Yield | 32% | - | - | - | - | 5.84% | 6.19% | 6.13% |
| Capitalization / Revenue | 0.21 x | 0.18 x | 0.86 x | 0.41 x | 0.53 x | 0.71 x | 0.71 x | 0.71 x |
| EV / Revenue | 0.67 x | 0.58 x | 1.15 x | 0.41 x | 0.53 x | 0.95 x | 0.88 x | 0.85 x |
| EV / EBITDA | 4.26 x | 4.04 x | 6.56 x | 2.97 x | 3.85 x | 6.34 x | 5.69 x | 5.4 x |
| EV / FCF | 5.01 x | 4.93 x | 6.79 x | - | - | 10.2 x | 9.28 x | 8.2 x |
| FCF Yield | 19.9% | 20.3% | 14.7% | - | - | 9.77% | 10.8% | 12.2% |
| Price to Book | 1.22 x | 0.89 x | 0.53 x | - | - | 0.8 x | 0.72 x | 0.7 x |
| Nbr of stocks (in thousands) | 227,428 | 227,222 | 464,411 | 516,034 | 542,480 | 560,224 | - | - |
| Reference price 2 | 13.30 | 10.43 | 6.225 | 2.808 | 3.267 | 4.360 | 4.360 | 4.360 |
| Announcement Date | 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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,926 | 2,637 | 2,914 | 2,801 | 2,810 | 2,935 | 2,913 | 2,917 |
| EBITDA 1 | 458.3 | 380.5 | 512.5 | 391.4 | 386.4 | 437.2 | 452.1 | 457.2 |
| EBIT 1 | 354.6 | 269.7 | 475.6 | 322.5 | 302.3 | 364.5 | 363.7 | 356.9 |
| Operating Margin | 12.12% | 10.23% | 16.32% | 11.51% | 10.76% | 12.42% | 12.49% | 12.24% |
| Earnings before Tax (EBT) 1 | 381.7 | 285.9 | 555.4 | 337.2 | 279.7 | 412 | 418.6 | 423.6 |
| Net income 1 | 190.3 | 139.3 | 374.1 | 216.9 | 209.2 | 289.8 | 300.7 | 296.1 |
| Net margin | 6.5% | 5.28% | 12.84% | 7.74% | 7.44% | 9.88% | 10.32% | 10.15% |
| EPS 2 | 0.8500 | 0.6000 | 0.8000 | - | 0.3700 | 0.5092 | 0.5312 | 0.5214 |
| Free Cash Flow 1 | 389.6 | 311.8 | 495 | - | - | 271 | 277 | 301 |
| FCF margin | 13.32% | 11.82% | 16.99% | - | - | 9.23% | 9.51% | 10.32% |
| FCF Conversion (EBITDA) | 85.01% | 81.94% | 96.59% | - | - | 61.98% | 61.27% | 65.84% |
| FCF Conversion (Net income) | 204.73% | 223.83% | 132.32% | - | - | 93.51% | 92.12% | 101.66% |
| Dividend per Share 2 | 4.250 | - | - | - | - | 0.2547 | 0.2700 | 0.2673 |
| Announcement Date | 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 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,387 | 921.6 | 654.3 | 734.2 | 1,388 | 511.6 | 901.1 | 646.6 | 723 | 492.6 | 948.2 | - | 699.8 |
| EBITDA | - | 183.9 | 136 | - | - | 106.4 | - | - | - | - | - | - | - |
| EBIT 1 | 198.7 | 200.6 | 15.3 | 96.7 | 112 | -14.4 | - | 19.3 | 101.6 | -22.6 | 204 | - | 23.5 |
| Operating Margin | 14.32% | 21.77% | 2.34% | 13.17% | 8.07% | -2.81% | - | 2.98% | 14.05% | -4.59% | 21.51% | - | 3.36% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | 191.5 | 16.5 | - | - | 185.1 | 161.4 | - |
| Net income 1 | - | 100.3 | - | - | - | - | 138.4 | 10.1 | - | - | 138.2 | 122.1 | 16.8 |
| Net margin | - | 10.88% | - | - | - | - | 15.36% | 1.56% | - | - | 14.57% | - | 2.4% |
| EPS | - | 0.2000 | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 9/15/21 | 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 | 5/23/24 |
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 | - | - | 696 | 494 | 392 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.942 x | 2.797 x | 1.696 x | - | - | 1.592 x | 1.093 x | 0.8563 x |
| Free Cash Flow 1 | 390 | 312 | 495 | - | - | 271 | 277 | 301 |
| ROE (net income / shareholders' equity) | 7.79% | 5.41% | 14.1% | - | - | 9.11% | 9.38% | 9.23% |
| ROA (Net income/ Total Assets) | 3.46% | 2.38% | 6.45% | - | - | 5.93% | 5.83% | - |
| Assets 1 | 5,500 | 5,852 | 5,802 | - | - | 4,888 | 5,157 | - |
| Book Value Per Share 2 | 10.90 | 11.70 | 11.70 | - | - | 5.430 | 6.020 | 6.270 |
| Cash Flow per Share | 4.200 | 3.600 | 2.170 | - | - | - | - | - |
| Capex 1 | 567 | 492 | 497 | - | - | 428 | 416 | 430 |
| Capex / Sales | 19.36% | 18.64% | 17.04% | - | - | 14.58% | 14.28% | 14.73% |
| 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
Sell
Buy
Mean consensus
HOLD
Number of Analysts
7
Last Close Price
4.36
EUR
Average target price
3.857
EUR
Spread / Average Target
-11.53%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +12.46% | 185B | |
| +13.88% | 16.7B | |
| -18.80% | 8.39B | |
| -27.35% | 6.84B | |
| +27.04% | 3.96B | |
| +24.92% | 4B | |
| 0.00% | 3.95B | |
| -1.55% | 3.34B | |
| +36.65% | 2.49B |
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