Investors Appear Satisfied With Vocento, S.A.'s (BME:VOC) Prospects As Shares Rocket 27%
May 07
Spanish (IBEX) Media Industry Analysis
UpdatedMay 29, 2024
DataAggregated Company Financials
Companies5
- 7D1.3%
- 3M29.5%
- 1Y37.3%
- YTD36.8%
In the last week, the Media industry is up 1.3%, with Atresmedia Corporación de Medios de Comunicación up 2.7%. Meanwhile, Vocento actually underperformed within the industry, shrinking 5.3% in the last week. This takes the industry's 12 month performance to a gain of 37%. Looking forward, earnings are forecast to decline by 4.0% per year.
Industry Valuation and Performance
Has the Spanish Media Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 30 May 2024 | €1.5b | €1.7b | €175.9m | 18.2x | 8.8x | 0.9x |
| Sat, 27 Apr 2024 | €1.5b | €1.7b | €182.5m | 18.4x | 8x | 0.9x |
| Mon, 25 Mar 2024 | €1.4b | €1.7b | €183.4m | 22.6x | 7.5x | 0.8x |
| Wed, 21 Feb 2024 | €1.2b | €1.7b | €122.3m | 18.9x | 9.9x | 0.7x |
| Fri, 19 Jan 2024 | €2.0b | €2.5b | €295.6m | 10x | 6.7x | 0.8x |
| Sun, 17 Dec 2023 | €2.0b | €2.5b | €295.6m | 10.1x | 6.8x | 0.8x |
| Tue, 14 Nov 2023 | €2.0b | €2.5b | €293.8m | 10.4x | 6.9x | 0.8x |
| Thu, 12 Oct 2023 | €2.0b | €2.5b | €293.5m | 11.1x | 6.9x | 0.8x |
| Sat, 09 Sep 2023 | €2.0b | €2.5b | €293.5m | 11.9x | 6.9x | 0.8x |
| Mon, 07 Aug 2023 | €2.1b | €2.5b | €293.5m | 12.3x | 7.1x | 0.8x |
| Wed, 05 Jul 2023 | €2.0b | €2.4b | €294.2m | 17.6x | 6.9x | 0.8x |
| Fri, 02 Jun 2023 | €2.0b | €2.4b | €294.2m | 17.7x | 6.9x | 0.8x |
| Sun, 30 Apr 2023 | €2.1b | €2.4b | €297.8m | 18.6x | 7.1x | 0.9x |
| Tue, 28 Mar 2023 | €2.0b | €2.4b | €298.9m | 17.2x | 6.8x | 0.9x |
| Thu, 23 Feb 2023 | €2.2b | €2.4b | €304.6m | 15.9x | 7.1x | 0.9x |
| Sat, 21 Jan 2023 | €2.1b | €2.4b | €304.6m | 13.7x | 7x | 0.9x |
| Mon, 19 Dec 2022 | €2.0b | €2.4b | €304.6m | 13.8x | 6.5x | 0.8x |
| Wed, 16 Nov 2022 | €2.1b | €2.4b | €308.7m | 21.6x | 6.7x | 0.9x |
| Fri, 14 Oct 2022 | €1.7b | €2.2b | €308.1m | 14x | 5.6x | 0.8x |
| Sun, 11 Sep 2022 | €1.8b | €2.2b | €308.1m | 14.2x | 6x | 0.8x |
| Tue, 09 Aug 2022 | €2.0b | €2.2b | €308.1m | 14.9x | 6.6x | 0.9x |
| Thu, 07 Jul 2022 | €2.3b | €2.1b | €312.3m | 6.5x | 7.3x | 1.1x |
| Sat, 04 Jun 2022 | €2.5b | €2.2b | €313.8m | 7.5x | 8x | 1.1x |
| Mon, 02 May 2022 | €2.6b | €2.2b | €318.4m | 9.8x | 8.1x | 1.2x |
| Wed, 30 Mar 2022 | €2.7b | €2.2b | €316.7m | 11.8x | 8.6x | 1.2x |
| Fri, 25 Feb 2022 | €2.6b | €2.2b | €254.7m | 24.6x | 10.2x | 1.2x |
| Sun, 23 Jan 2022 | €2.5b | €2.2b | €254.7m | 25.1x | 10x | 1.1x |
| Tue, 21 Dec 2021 | €2.4b | €2.2b | €252.9m | 34.3x | 9.3x | 1.1x |
| Thu, 18 Nov 2021 | €2.7b | €2.2b | €252.9m | 35.9x | 10.6x | 1.2x |
| Sat, 16 Oct 2021 | €2.7b | €2.2b | €256.7m | 37.5x | 10.7x | 1.2x |
| Mon, 13 Sep 2021 | €2.8b | €2.2b | €256.7m | 36.3x | 10.9x | 1.3x |
| Wed, 11 Aug 2021 | €2.9b | €2.2b | €256.7m | 36.2x | 11.2x | 1.3x |
| Sun, 06 Jun 2021 | €3.0b | €2.0b | €169.4m | 40.5x | 18x | 1.6x |
Price to Earnings Ratio
18x
Current Industry PE
- Investors are relatively neutral on the Spanish Media industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 8.2x.
- The industry is trading close to its 3-year average PS ratio of 0.98x.
Past Earnings Growth
- The earnings for companies in the Media industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have declined 5.1% per year.
- This means that the cost of doing business could be reducing since sales have declined but profits have remained steady.
Industry Trends
Which industries have driven the changes within the Spanish Telecom industry?
| ES Market | -0.29% | |
| Telecom | -1.28% | |
| Media | 1.33% | |
| Broadcasting | 2.47% | |
| Cable and Satellite | 0% | |
| Advertising | -2.33% | |
| Publishing | -5.33% | |
Industry PE
- Investors are most optimistic about the Publishing industry which is trading above its 3-year average PE ratio of 30.1x.
- Analysts are expecting annual earnings growth of 43.4%, which is lower than the prior year's growth of 169.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Publishing industry, expecting annual earnings growth of 43% over the next 5 years.
- However this is lower than its past earnings growth rate of 170% per year.
- In contrast, the Broadcasting industry is expected to see its earnings decline by 10% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| A3M Atresmedia Corporación de Medios de Comunicación | €5.18 | 3.2% +€36.0m | 47.6% | PE6.8x |