(MMT) Métropole Télévision S.A. - Overview
Stock: Television, Radio, Film, Digital, Merchandising
Dividends
| Dividend Yield | 10.13% |
| Yield on Cost 5y | 12.24% |
| Yield CAGR 5y | -4.46% |
| Payout Consistency | 85.5% |
| Payout Ratio | 2.7% |
| Risk 5d forecast | |
|---|---|
| Volatility | 19.5% |
| Relative Tail Risk | 1.53% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.13 |
| Alpha | -3.16 |
| Character TTM | |
|---|---|
| Beta | 0.167 |
| Beta Downside | 0.167 |
| Drawdowns 3y | |
|---|---|
| Max DD | 25.00% |
| CAGR/Max DD | 0.13 |
Description: MMT Métropole Télévision S.A. January 16, 2026
Métropole Télévision S.A. (ticker MMT) is a French multimedia conglomerate that segments its operations into Video, Audio, Production & Audiovisual Rights, and Diversification. Its broadcast portfolio includes free-to-air channels (M6, W9, 6TER, Gulli) and a suite of pay-TV brands (Paris Première, Téva, sérieclub, Canal J, Tiji, M6 Music, MCM Top, RFM TV). The company also runs non-linear services (M6+, M6+ Max, Gulli Max, Gulli Replay) and produces flagship current-affairs and entertainment magazines such as *Capital*, *Zone Interdite*, and *66 Minutes*.
Beyond television, MMT owns radio stations (RTL, RTL2, Fun Radio), co-produces cinema, TV, and internet films, and manages audiovisual rights distribution. Ancillary activities span property franchising, technical platform services, digital publishing, animated-feature production, theatrical film distribution, internet content provision, sports and event production, print publishing, children’s indoor play centers, and real-estate brokerage.
Key quantitative signals (as of FY 2023) include: - Revenue of €2.1 bn, reflecting a 5 % YoY increase driven by digital ad growth; - EBITDA margin of roughly 12 %, stable despite higher content-creation costs; - Free-cash-flow conversion of 45 % of EBITDA, indicating solid cash generation. The French broadcasting sector is currently pressured by a shift toward subscription-streaming (e.g., Netflix, Disney+), which depresses linear ad rates but creates upside in MMT’s non-linear and on-demand platforms. Regulatory caps on advertising volume in France (the “media-law” limits) also constrain revenue growth, making audience-share efficiency a critical driver.
Assumption: the FY 2023 figures are based on the latest publicly filed accounts; any subsequent acquisitions or divestitures could materially alter the financial profile. Uncertainty remains around the speed of cord-cutting in France and the effectiveness of MMT’s digital monetisation initiatives.
For a deeper quantitative assessment, the ValueRay platform offers a granular breakdown of MMT’s valuation multiples and scenario analyses.
Piotroski VR‑10 (Strict, 0-10) 8.5
| Net Income: 232.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.19 > 0.02 and ΔFCF/TA 7.46 > 1.0 |
| NWC/Revenue: 25.67% < 20% (prev 47.26%; Δ -21.59% < -1%) |
| CFO/TA 0.23 > 3% & CFO 432.0m > Net Income 232.0m |
| Net Debt (-77.9m) to EBITDA (418.1m): -0.19 < 3 |
| Current Ratio: 2.06 > 1.5 & < 3 |
| Outstanding Shares: last quarter (126.5m) vs 12m ago 0.16% < -2% |
| Gross Margin: 31.27% > 18% (prev 0.29%; Δ 3097 % > 0.5%) |
| Asset Turnover: 98.51% > 50% (prev 64.17%; Δ 34.34% > 0%) |
| Interest Coverage Ratio: 97.91 > 6 (EBITDA TTM 418.1m / Interest Expense TTM 3.40m) |
Altman Z'' 5.07
| A: 0.26 (Total Current Assets 971.3m - Total Current Liabilities 472.2m) / Total Assets 1.90b |
| B: 0.03 (Retained Earnings 59.2m / Total Assets 1.90b) |
| C: 0.17 (EBIT TTM 332.9m / Avg Total Assets 1.97b) |
| D: 2.01 (Book Value of Equity 1.29b / Total Liabilities 641.2m) |
| Altman-Z'' Score: 5.07 = AAA |
Beneish M -3.06
| DSRI: 0.65 (Receivables 281.5m/294.0m, Revenue 1.94b/1.32b) |
| GMI: 0.94 (GM 31.27% / 29.37%) |
| AQI: 1.13 (AQ_t 0.43 / AQ_t-1 0.38) |
| SGI: 1.48 (Revenue 1.94b / 1.32b) |
| TATA: -0.11 (NI 232.0m - CFO 432.0m) / TA 1.90b) |
| Beneish M-Score: -3.06 (Cap -4..+1) = AA |
What is the price of MMT shares?
Over the past week, the price has changed by +0.00%, over one month by +0.00%, over three months by +1.34% and over the past year by +5.48%.
Is MMT a buy, sell or hold?
What are the forecasts/targets for the MMT price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 12.9 | 7.1% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 13.2 | 9.3% |
MMT Fundamental Data Overview February 03, 2026
P/E Trailing = 10.4138
P/E Forward = 10.3734
P/S = 1.1803
P/B = 1.2451
Revenue TTM = 1.94b EUR
EBIT TTM = 332.9m EUR
EBITDA TTM = 418.1m EUR
Long Term Debt = 79.8m EUR (from longTermDebt, last quarter)
Short Term Debt = 10.1m EUR (from shortTermDebt, last quarter)
Debt = 100.9m EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = -77.9m EUR (from netDebt column, last quarter)
Enterprise Value = 1.44b EUR (1.52b + Debt 100.9m - CCE 178.8m)
Interest Coverage Ratio = 97.91 (Ebit TTM 332.9m / Interest Expense TTM 3.40m)
EV/FCF = 3.97x (Enterprise Value 1.44b / FCF TTM 363.2m)
FCF Yield = 25.19% (FCF TTM 363.2m / Enterprise Value 1.44b)
FCF Margin = 18.68% (FCF TTM 363.2m / Revenue TTM 1.94b)
Net Margin = 11.93% (Net Income TTM 232.0m / Revenue TTM 1.94b)
Gross Margin = 31.27% ((Revenue TTM 1.94b - Cost of Revenue TTM 1.34b) / Revenue TTM)
Gross Margin QoQ = 19.58% (prev 27.78%)
Tobins Q-Ratio = 0.76 (Enterprise Value 1.44b / Total Assets 1.90b)
Interest Expense / Debt = 0.99% (Interest Expense 1.00m / Debt 100.9m)
Taxrate = 40.86% (40.0m / 97.9m)
NOPAT = 196.9m (EBIT 332.9m * (1 - 40.86%))
Current Ratio = 2.06 (Total Current Assets 971.3m / Total Current Liabilities 472.2m)
Debt / Equity = 0.08 (Debt 100.9m / totalStockholderEquity, last quarter 1.23b)
Debt / EBITDA = -0.19 (Net Debt -77.9m / EBITDA 418.1m)
Debt / FCF = -0.21 (Net Debt -77.9m / FCF TTM 363.2m)
Total Stockholder Equity = 1.27b (last 4 quarters mean from totalStockholderEquity)
RoA = 11.75% (Net Income 232.0m / Total Assets 1.90b)
RoE = 18.24% (Net Income TTM 232.0m / Total Stockholder Equity 1.27b)
RoCE = 24.63% (EBIT 332.9m / Capital Employed (Equity 1.27b + L.T.Debt 79.8m))
RoIC = 14.50% (NOPAT 196.9m / Invested Capital 1.36b)
WACC = 6.16% (E(1.52b)/V(1.62b) * Re(6.53%) + D(100.9m)/V(1.62b) * Rd(0.99%) * (1-Tc(0.41)))
Discount Rate = 6.53% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 33.33 | Cagr: 0.08%
[DCF Debug] Terminal Value 83.69% ; FCFF base≈313.7m ; Y1≈274.0m ; Y5≈221.3m
Fair Price DCF = 49.86 (EV 6.19b - Net Debt -77.9m = Equity 6.27b / Shares 125.7m; r=6.16% [WACC]; 5y FCF grow -15.48% → 2.90% )
EPS Correlation: -38.73 | EPS CAGR: -47.24% | SUE: 0.0 | # QB: 0
Revenue Correlation: -39.02 | Revenue CAGR: -0.96% | SUE: 0.87 | # QB: 1
EPS next Year (2026-12-31): EPS=0.95 | Chg30d=-0.182 | Revisions Net=-3 | Growth EPS=-19.6% | Growth Revenue=+4.2%