PROMOTORA DE INFORMACIONES, S.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.342 EUR | +0.59% |
|
-0.87% | +17.93% |
| 22/02 | Transcript : Promotora de Informaciones, S.A., 2023 Earnings Call, Feb 22, 2024 | |
| 22/02 | Promotora de Informaciones, S.A. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,018 | 631.2 | 399.4 | 198.5 | 214.4 | 343.1 | - | - |
| Enterprise Value (EV) 1 | 2,062 | 1,315 | 1,178 | 1,020 | 960.7 | 1,101 | 1,054 | 922.1 |
| P/E ratio | -5.33 x | 6.87 x | -3.77 x | -14.1 x | -7.25 x | 17.1 x | 6.84 x | 4.89 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 0.93 x | 0.91 x | 0.55 x | 0.24 x | 0.23 x | 0.35 x | 0.34 x | 0.32 x |
| EV / Revenue | 1.88 x | 1.9 x | 1.61 x | 1.23 x | 1.03 x | 1.12 x | 1.04 x | 0.85 x |
| EV / EBITDA | 10.8 x | 20.6 x | 18.7 x | 7.42 x | 5.3 x | 5.85 x | 4.97 x | 3.91 x |
| EV / FCF | 31 x | 19.9 x | 35.3 x | 18.4 x | 11.6 x | 23.2 x | 15.2 x | - |
| FCF Yield | 3.22% | 5.03% | 2.84% | 5.43% | 8.63% | 4.3% | 6.58% | - |
| Price to Book | - | - | - | -0.37 x | - | -1.06 x | -1.18 x | - |
| Nbr of stocks (in thousands) | 7,07,027 | 7,06,851 | 7,06,937 | 7,06,315 | 7,39,225 | 10,03,274 | - | - |
| Reference price 2 | 1.440 | 0.8930 | 0.5650 | 0.2810 | 0.2900 | 0.3420 | 0.3420 | 0.3420 |
| Announcement Date | 27/02/20 | 24/02/21 | 28/02/22 | 28/02/23 | 22/02/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,096 | 690.9 | 729.4 | 830.8 | 929.4 | 979.1 | 1,018 | 1,084 |
| EBITDA 1 | 191.1 | 63.9 | 63.1 | 137.6 | 181.1 | 188.3 | 211.9 | 236 |
| EBIT 1 | 95.53 | -29.11 | -19.71 | 63.36 | 108.8 | 119.7 | 147.6 | 163 |
| Operating Margin | 8.72% | -4.21% | -2.7% | 7.63% | 11.71% | 12.23% | 14.49% | 15.04% |
| Earnings before Tax (EBT) 1 | 15.63 | -166.4 | -81.57 | -10.28 | 4.188 | 28.9 | 76.9 | 91 |
| Net income 1 | -182.3 | 89.74 | -106.5 | -12.95 | -32.5 | 24.35 | 55.9 | 67 |
| Net margin | -16.64% | 12.99% | -14.6% | -1.56% | -3.5% | 2.49% | 5.49% | 6.18% |
| EPS 2 | -0.2700 | 0.1300 | -0.1500 | -0.0200 | -0.0400 | 0.0200 | 0.0500 | 0.0700 |
| Free Cash Flow 1 | 66.44 | 66.19 | 33.4 | 55.4 | 82.94 | 47.4 | 69.4 | - |
| FCF margin | 6.06% | 9.58% | 4.58% | 6.67% | 8.92% | 4.84% | 6.82% | - |
| FCF Conversion (EBITDA) | 34.77% | 103.59% | 52.93% | 40.27% | 45.8% | 25.18% | 32.75% | - |
| FCF Conversion (Net income) | - | 73.76% | - | - | - | 194.66% | 124.15% | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 27/02/20 | 24/02/21 | 28/02/22 | 28/02/23 | 22/02/24 | - | - | - |
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 S2 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 179.5 | 243.6 | 210.6 | 177.6 | 388.2 | 199.1 | 449.1 | 266.9 | 173.8 | 440.7 | 238 | 251 |
| EBITDA 1 | 2.7 | 15.2 | 45.1 | 41.3 | 3.4 | 44.7 | 24.4 | 92.84 | 67.2 | 1.1 | 68.3 | 53 | 59.8 |
| EBIT 1 | - | -0.5 | 9.191 | 23.8 | - | 10.12 | 9.9 | 53.24 | 51.4 | -16.52 | 34.88 | 36 | 37.93 |
| Operating Margin | - | -0.28% | 3.77% | 11.3% | - | 2.61% | 4.97% | 11.86% | 19.26% | -9.5% | 7.92% | 15.13% | 15.11% |
| Earnings before Tax (EBT) | -57.77 | -16.4 | - | 8.2 | -17.05 | -8.846 | -9.6 | -4.759 | 19.1 | -49.31 | -30.21 | 9.4 | - |
| Net income 1 | -56.18 | -25.7 | - | 0.1 | -14.1 | -14 | -14.2 | 1.047 | 5.2 | -55.35 | -36.25 | -0.5 | 4.195 |
| Net margin | - | -14.32% | - | 0.05% | -7.94% | -3.61% | -7.13% | 0.23% | 1.95% | -31.85% | -8.23% | -0.21% | 1.67% |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 27/07/21 | 27/10/21 | 28/02/22 | 27/04/22 | 26/07/22 | 26/07/22 | 25/10/22 | 28/02/23 | 25/04/23 | 25/07/23 | 25/07/23 | 31/10/23 | 22/02/24 |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,044 | 684 | 778 | 822 | 746 | 758 | 711 | 579 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 5.462 x | 10.7 x | 12.33 x | 5.974 x | 4.121 x | 4.026 x | 3.354 x | 2.453 x |
| Free Cash Flow 1 | 66.4 | 66.2 | 33.4 | 55.4 | 82.9 | 47.4 | 69.4 | - |
| ROE (net income / shareholders' equity) | - | -20% | - | - | - | -1.82% | - | - |
| ROA (Net income/ Total Assets) | - | - | - | - | - | 2.1% | 4.5% | 5.5% |
| Assets 1 | - | - | - | - | - | 1,160 | 1,242 | 1,218 |
| Book Value Per Share 2 | - | - | - | -0.7600 | - | -0.3200 | -0.2900 | - |
| Cash Flow per Share 2 | - | - | 0.1100 | 0.1700 | - | 0.0600 | - | - |
| Capex 1 | 70.4 | 45.4 | 45.3 | 51.8 | 43.5 | 52.8 | 56 | 65 |
| Capex / Sales | 6.42% | 6.57% | 6.21% | 6.24% | 4.67% | 5.39% | 5.5% | 6% |
| Announcement Date | 27/02/20 | 24/02/21 | 28/02/22 | 28/02/23 | 22/02/24 | - | - | - |
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
A-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
0.342
EUR
Average target price
0.4975
EUR
Spread / Average Target
+45.47%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +17.93% | 366M | |
| +6.93% | 2.89B | |
| +10.09% | 2.71B | |
| +9.95% | 2.58B | |
| -5.84% | 2.53B | |
| -4.43% | 2.48B | |
| -8.79% | 1.94B | |
| +1.44% | 1.93B | |
| +4.83% | 1.44B | |
| -25.89% | 1.06B |
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