Financials M6 Métropole Télévision

Equities

MMT

FR0000053225

Broadcasting

Market Closed - Euronext Paris 11:35:04 2024-04-26 am EDT 5-day change 1st Jan Change
14.5 EUR +1.26% Intraday chart for M6 Métropole Télévision +2.11% +12.06%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,110 1,666 2,167 1,938 1,628 1,824 - -
Enterprise Value (EV) 1 2,256 1,612 1,960 1,690 1,311 1,471 1,429 1,348
P/E ratio 12.3 x 6.05 x 7.74 x 12.1 x 6.98 x 8.6 x 8.76 x 9.67 x
Yield 5.96% 11.3% 5.83% 6.51% 9.66% 8.91% 8.84% 9.31%
Capitalization / Revenue 1.45 x 1.31 x 1.56 x 1.43 x 1.24 x 1.37 x 1.35 x 1.3 x
EV / Revenue 1.55 x 1.27 x 1.41 x 1.25 x 1 x 1.1 x 1.06 x 0.96 x
EV / EBITDA 5.85 x 4.57 x 4.63 x 4.01 x 3.37 x 3.96 x 4.09 x 3.99 x
EV / FCF 13.1 x 9.48 x 5.54 x 7.68 x 5.9 x 7.08 x 7.43 x 8.37 x
FCF Yield 7.65% 10.6% 18% 13% 17% 14.1% 13.5% 12%
Price to Book 2.73 x 0.9 x 1.87 x 1.61 x 1.25 x 1.34 x 1.28 x 1.24 x
Nbr of stocks (in thousands) 125,738 125,670 126,269 126,232 125,842 125,767 - -
Reference price 2 16.78 13.26 17.16 15.35 12.94 14.50 14.50 14.50
Announcement Date 2/13/20 2/16/21 2/15/22 2/13/23 2/13/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,456 1,274 1,390 1,357 1,316 1,333 1,349 1,400
EBITDA 1 385.7 353.1 423 421.6 389.1 371.7 349.7 337.6
EBIT 1 276 257.5 335.3 323 280.9 281.4 269.4 251.4
Operating Margin 18.95% 20.22% 24.12% 23.8% 21.35% 21.11% 19.97% 17.95%
Earnings before Tax (EBT) 1 285.1 365 358.2 241.2 324.7 295.3 286.6 285.6
Net income 1 172.7 276.7 280.9 161.5 234.1 212 208.3 189.1
Net margin 11.86% 21.73% 20.2% 11.9% 17.79% 15.9% 15.45% 13.51%
EPS 2 1.365 2.192 2.218 1.273 1.853 1.686 1.654 1.500
Free Cash Flow 1 172.6 170.1 353.7 220 222.2 207.7 192.2 161.1
FCF margin 11.85% 13.36% 25.44% 16.21% 16.89% 15.58% 14.25% 11.5%
FCF Conversion (EBITDA) 44.75% 48.17% 83.62% 52.18% 57.11% 55.88% 54.96% 47.71%
FCF Conversion (Net income) 99.94% 61.47% 125.92% 136.22% 94.92% 97.95% 92.25% 85.18%
Dividend per Share 2 1.000 1.500 1.000 1.000 1.250 1.292 1.282 1.350
Announcement Date 2/13/20 2/16/21 2/15/22 2/13/23 2/13/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 Q3 2022 Q1 2022 Q2 2022 S1 2022 Q3 2023 Q1 2023 Q2 2023 S1 2023 Q3 2024 Q1
Net sales 1 741.5 557.3 716.3 645 308 322.5 341.7 664.2 290.1 312.9 309 621.9 296 322.3
EBITDA - - - - - - - - - - - - - -
EBIT 127.7 84.4 - 165 - 67.2 - 161.1 - 59.5 75.5 135 - -
Operating Margin 17.22% 15.14% - 25.58% - 20.84% - 24.25% - 19.02% 24.43% 21.71% - -
Earnings before Tax (EBT) - - - - - - - - - - - - - -
Net income - - - - - - - - - - - - - -
Net margin - - - - - - - - - - - - - -
EPS - - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 2/13/20 7/28/20 2/16/21 7/27/21 10/26/21 4/26/22 7/26/22 7/26/22 10/25/22 4/25/23 7/25/23 7/25/23 10/30/23 4/23/24
1EUR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 147 - - - - - - -
Net Cash position 1 - 54.1 207 248 318 352 395 476
Leverage (Debt/EBITDA) 0.3798 x - - - - - - -
Free Cash Flow 1 173 170 354 220 222 208 192 161
ROE (net income / shareholders' equity) 23.2% 30.2% 25.3% 13.7% 18.7% 15.8% 15.2% 13.5%
ROA (Net income/ Total Assets) 10.7% 15.4% 14.4% 7.93% 11.6% 10.3% 9.72% 9.5%
Assets 1 1,608 1,794 1,946 2,037 2,019 2,054 2,143 1,991
Book Value Per Share 2 6.150 14.80 9.160 9.530 10.40 10.80 11.30 11.70
Cash Flow per Share 2 2.190 1.950 3.560 2.330 2.430 2.380 2.310 2.300
Capex 1 104 76.5 102 76.2 84.5 86.9 86.8 116
Capex / Sales 7.15% 6.01% 7.31% 5.62% 6.42% 6.52% 6.44% 8.3%
Announcement Date 2/13/20 2/16/21 2/15/22 2/13/23 2/13/24 - - -
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
B
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
14.5 EUR
Average target price
15.73 EUR
Spread / Average Target
+8.51%
Consensus

Quarterly revenue - Rate of surprise

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