MFEA Stock Analysis: MFE MEDIAFOREUROPE | MI
Broadcasting | MI, Italy | Market Cap: 1.503m EUR | 12M Return: -18.2% | NL0015000MZ1 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 6.45M
Rev. Trend: 96.8%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 4.8 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
MFE-Mediaforeurope N.V. (MFEA) is an Italy-headquartered broadcasting company operating primarily in Italy and Spain. Its business spans the full television value chain, including content production, third-party content acquisition, and distribution across both linear and non-linear platforms, as well as free-to-air and pay-per-view services. The company also sells advertising through concessionaires, online channels, and managed media properties, and operates in radio. Additional activities include film production and distribution, licensing and merchandising, and advertising concessions via subsidiaries such as Digitalia, Mediamond, and Publieurope. The company was incorporated in 1987, was formerly known as Mediaset S.p.A., and rebranded to its current name in November 2021.
Factual context: MFE operates as a commercial broadcaster, meaning its revenue model depends on a combination of advertising sales and, to a lesser extent, pay-per-view distribution rather than subscription fees typical of pay-TV operators. Its dual presence in Italy and Spain positions it as a key competitor in the Southern European free-to-air broadcasting market, where audience scale and advertising reach are central competitive advantages.
- Italian TV ad market faces cyclical headwinds and recovery pace
- Spanish market consolidation under regulatory review and competition
- Streaming content investment pressures margins and free cash flow
- ProSiebenSat.1 integration drives cross-border scale and synergies
| Net Income: 277.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA -13.33 > 1.0 |
| NWC/Revenue: -7.96% < 20% (prev 0.13%; Δ -8.10% < -1%) |
| CFO/TA 0.13 > 3% & CFO 1.19b > Net Income 277.0m |
| Net Debt (3.27b) to EBITDA (551.4m): 5.94 < 3 |
| Current Ratio: 0.82 > 1.5 & < 3 |
| Outstanding Shares: last quarter (699.6m) vs 12m ago -87.57% < -2% |
| Gross Margin: 25.61% > 18% (prev 32.99%; Δ -7.38% > 0.5%) |
| Asset Turnover: 80.56% > 50% (prev 89.61%; Δ -9.05% > 0%) |
| Interest Coverage Ratio: -6.30 > 6 (EBIT TTM -264.5m / Interest Expense TTM 42.0m) |
| A: -0.05 (Total Current Assets 2.02b - Total Current Liabilities 2.46b) / Total Assets 9.05b |
| B: 0.21 (Retained Earnings 1.86b / Total Assets 9.05b) |
| C: -0.04 (EBIT TTM -264.5m / Avg Total Assets 6.82b) |
| D: 0.59 (Book Value of Equity 3.33b / Total Liabilities 5.69b) |
| Altman-Z'' = 0.71 = B |
| DSRI: 0.85 (Receivables 961.2m/846.5m, Revenue 5.49b/4.10b) |
| GMI: 1.29 (GM 32.99% / 25.61%) |
| AQI: 0.96 (AQ_t 0.68 / AQ_t-1 0.71) |
| SGI: 1.34 (Revenue 5.49b / 4.10b) |
| TATA: -0.10 (NI 277.0m - CFO 1.19b) / TA 9.05b) |
| Beneish M = -2.68 (Cap -4..+1) = A |
As of October 20, 2026, the stock is trading at EUR 2.09 with a total of 2,982,134 shares traded. Over the past week, the price has changed by +0.00%, over one month by -11.69%, over three months by -10.33% and over the past year by -18.22%.
Current recommended Stop Loss: 2.00 (which is 4.3% or 1.5 ATR below the current price).
MFE MEDIAFOREUROPE has no consensus analysts rating.
P/E Trailing = 11.2842
P/S = 0.2713
P/B = 0.487
Revenue TTM = 5.49b EUR
EBIT TTM = -264.5m EUR
EBITDA TTM = 551.4m EUR
Long Term Debt = 2.59b EUR (from longTermDebt, last quarter)
Short Term Debt = 182.4m EUR (from shortLongTermDebt, last quarter)
Debt = 3.54b EUR (from shortLongTermDebtTotal, last fiscal year) + Leases 187.6m
Net Debt = 3.27b EUR (calculated: Debt 3.54b - CCE 270.4m)
Enterprise Value = 4.78b EUR (1.50b + Debt 3.54b - CCE 270.4m)
Interest Coverage Ratio = -6.30 (Ebit TTM -264.5m / Interest Expense TTM 42.0m)
EV/FCF = 34.09x (Enterprise Value 4.78b / FCF TTM 140.1m)
FCF Yield = 2.93% (FCF TTM 140.1m / Enterprise Value 4.78b)
FCF Margin = 2.55% (FCF TTM 140.1m / Revenue TTM 5.49b)
Net Margin = 5.04% (Net Income TTM 277.0m / Revenue TTM 5.49b)
Gross Margin = 25.61% ((Revenue TTM 5.49b - Cost of Revenue TTM 4.08b) / Revenue TTM)
Gross Margin QoQ = 36.06% (prev 36.29%)
Tobins Q-Ratio = 0.53 (Enterprise Value 4.78b / Total Assets 9.05b)
Interest Expense / Debt = 1.19% (Interest Expense 42.0m / Debt 3.54b)
Taxrate = 37.13% (101.8m / 274.2m)
NOPAT = -166.3m (EBIT -264.5m * (1 - 37.13%)) [loss with tax shield]
Current Ratio = 0.82 (Total Current Assets 2.02b / Total Current Liabilities 2.46b)
Debt / Equity = 1.06 (Debt 3.54b / totalStockholderEquity, last quarter 3.33b)
Debt / EBITDA = 5.94 (Net Debt 3.27b / EBITDA 551.4m)
Debt / FCF = 23.37 (Net Debt 3.27b / FCF TTM 140.1m)
Total Stockholder Equity = 3.43b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.06% (Net Income 277.0m / Total Assets 9.05b)
RoE = 8.07% (Net Income TTM 277.0m / Total Stockholder Equity 3.43b)
RoCE = -4.39% (EBIT -264.5m / Capital Employed (Equity 3.43b + L.T.Debt 2.59b))
RoIC = -2.51% (negative operating profit) (NOPAT -166.3m / Invested Capital 6.63b)
WACC = 2.47% (E(1.50b)/V(5.05b) * Re(6.54%) + D(3.54b)/V(5.05b) * Rd(1.19%) * (1-Tc(0.37)))
Discount Rate = 6.54% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -69.41 | Cagr: -60.33%
[DCF] Terminal Value 73.10% ; FCFF base≈356.7m ; Y1≈312.8m ; Y5≈252.7m
[DCF] Fair Price = 1.66 (EV 4.06b - Net Debt 3.27b = Equity 782.6m / Shares 471.1m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
Revenue Correlation: 96.82 | Revenue CAGR: 32.05% | SUE: -0.03 | # QB: 0
EPS current Year (2026-12-31): EPS=0.36 | Chg30d=-15.29% | Revisions=-40% | GrowthEPS=-3.7% | GrowthRev=+58.4%
EPS next Year (2027-12-31): EPS=0.49 | Chg30d=-3.54% | Revisions=-40% | GrowthEPS=+37.4% | GrowthRev=+1.7%
[Analyst] Revisions Ratio: -57% (up=0, down=4)