(PSM) Prosiebensat 1 Media - Overview
Stock: TV, Dating, Video, Commerce
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 0.70% |
| Yield on Cost 5y | 0.73% |
| Yield CAGR 5y | -43.48% |
| Payout Consistency | 77.8% |
| Payout Ratio | 12.8% |
| Risk 5d forecast | |
|---|---|
| Volatility | 40.5% |
| Relative Tail Risk | -14.9% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.27 |
| Alpha | -19.55 |
| Character TTM | |
|---|---|
| Beta | 0.300 |
| Beta Downside | -0.167 |
| Drawdowns 3y | |
|---|---|
| Max DD | 54.04% |
| CAGR/Max DD | -0.38 |
Description: PSM Prosiebensat 1 Media January 15, 2026
ProSiebenSat.1 Media SE (XETRA: PSM) is a German-based multimedia group operating in Germany, Austria, Switzerland, the United States and other markets. It is organized into three business segments – Entertainment, Dating & Video, and Commerce & Ventures – and is listed as a common stock in the GICS Broadcasting sub-industry.
The **Entertainment** segment runs free-to-air TV channels (SAT.1, ProSieben, Kabel Eins, etc.) and associated digital platforms, produces a portfolio of reality, factual and scripted content, and owns Studio71, a creator-focused digital studio. In FY 2023 the segment generated roughly €4.1 bn in revenue, with digital advertising accounting for about 30 % of that total, reflecting the industry-wide shift from linear TV to programmatic video.
The **Dating & Video** segment offers online matchmaking services (Parship, ElitePartner, eHarmony, LOVOO) and social-video apps (MeetMe, Skout, Tagged, GROWLr). The segment posted €1.3 bn in FY 2023 revenue, driven by a 12 % YoY increase in paying subscribers and a churn rate that has fallen to ~15 % after recent product-experience upgrades.
The **Commerce & Ventures** segment provides consumer-advice and lifestyle services, notably through the weather portal wetter.com and the price-comparison site Marktguru. This unit contributed €0.8 bn in FY 2023, with e-commerce referral fees growing at a 9 % annual rate as German online retail spend continues to expand post-pandemic.
Key macro drivers affecting PSM include the German advertising market’s gradual recovery (projected CAGR ≈ 3 % through 2026), accelerating cord-cutting that pushes revenue toward digital formats, and the broader European regulatory environment on data privacy, which can impact targeted-ad pricing. Assuming FY 2024 earnings follow the FY 2023 trend, the company’s EBITDA margin is expected to stabilize around 12 %.
If you want a deeper quantitative breakdown of PSM’s segment performance and scenario-based forecasts, a quick look at ValueRay’s analyst toolkit can provide the data you need to form a more rigorous view.
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income: -6.00m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.17 > 0.02 and ΔFCF/TA -1.13 > 1.0 |
| NWC/Revenue: -53.06% < 20% (prev -2.01%; Δ -51.05% < -1%) |
| CFO/TA 0.21 > 3% & CFO 1.12b > Net Income -6.00m |
| Net Debt (1.73b) to EBITDA (385.0m): 4.50 < 3 |
| Current Ratio: 0.43 > 1.5 & < 3 |
| Outstanding Shares: last quarter (233.3m) vs 12m ago -12.50% < -2% |
| Gross Margin: 34.71% > 18% (prev 0.27%; Δ 3444 % > 0.5%) |
| Asset Turnover: 68.29% > 50% (prev 68.22%; Δ 0.07% > 0%) |
| Interest Coverage Ratio: 3.16 > 6 (EBITDA TTM 385.0m / Interest Expense TTM 73.0m) |
Altman Z'' -2.00
| A: -0.38 (Total Current Assets 1.50b - Total Current Liabilities 3.51b) / Total Assets 5.29b |
| B: 0.04 (Retained Earnings 218.0m / Total Assets 5.29b) |
| C: 0.04 (EBIT TTM 231.0m / Avg Total Assets 5.53b) |
| D: 0.06 (Book Value of Equity 251.0m / Total Liabilities 3.99b) |
| Altman-Z'' Score: -2.00 = D |
Beneish M -3.43
| DSRI: 1.10 (Receivables 452.0m/429.0m, Revenue 3.78b/3.94b) |
| GMI: 0.79 (GM 34.71% / 27.41%) |
| AQI: 0.92 (AQ_t 0.61 / AQ_t-1 0.66) |
| SGI: 0.96 (Revenue 3.78b / 3.94b) |
| TATA: -0.21 (NI -6.00m - CFO 1.12b) / TA 5.29b) |
| Beneish M-Score: -3.43 (Cap -4..+1) = AA |
What is the price of PSM shares?
Over the past week, the price has changed by -5.52%, over one month by -1.77%, over three months by -2.09% and over the past year by -13.41%.
Is PSM a buy, sell or hold?
What are the forecasts/targets for the PSM price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 6.5 | 36.4% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 4.1 | -14.4% |
PSM Fundamental Data Overview February 03, 2026
P/E Forward = 5.8514
P/S = 0.3034
P/B = 1.0157
Revenue TTM = 3.78b EUR
EBIT TTM = 231.0m EUR
EBITDA TTM = 385.0m EUR
Long Term Debt = 180.0m EUR (from longTermDebt, last quarter)
Short Term Debt = 2.15b EUR (from shortTermDebt, last quarter)
Debt = 2.33b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.73b EUR (from netDebt column, last quarter)
Enterprise Value = 2.88b EUR (1.15b + Debt 2.33b - CCE 593.0m)
Interest Coverage Ratio = 3.16 (Ebit TTM 231.0m / Interest Expense TTM 73.0m)
EV/FCF = 3.15x (Enterprise Value 2.88b / FCF TTM 913.0m)
FCF Yield = 31.72% (FCF TTM 913.0m / Enterprise Value 2.88b)
FCF Margin = 24.17% (FCF TTM 913.0m / Revenue TTM 3.78b)
Net Margin = -0.16% (Net Income TTM -6.00m / Revenue TTM 3.78b)
Gross Margin = 34.71% ((Revenue TTM 3.78b - Cost of Revenue TTM 2.47b) / Revenue TTM)
Gross Margin QoQ = 28.54% (prev 23.93%)
Tobins Q-Ratio = 0.54 (Enterprise Value 2.88b / Total Assets 5.29b)
Interest Expense / Debt = 0.73% (Interest Expense 17.0m / Debt 2.33b)
Taxrate = 25.0% (EU avg default 25%)
NOPAT = 173.2m (EBIT 231.0m * (1 - 25.00%))
Current Ratio = 0.43 (Total Current Assets 1.50b / Total Current Liabilities 3.51b)
Debt / Equity = 1.81 (Debt 2.33b / totalStockholderEquity, last quarter 1.28b)
Debt / EBITDA = 4.50 (Net Debt 1.73b / EBITDA 385.0m)
Debt / FCF = 1.90 (Net Debt 1.73b / FCF TTM 913.0m)
Total Stockholder Equity = 1.26b (last 4 quarters mean from totalStockholderEquity)
RoA = -0.11% (Net Income -6.00m / Total Assets 5.29b)
RoE = -0.48% (Net Income TTM -6.00m / Total Stockholder Equity 1.26b)
RoCE = 16.02% (EBIT 231.0m / Capital Employed (Equity 1.26b + L.T.Debt 180.0m))
RoIC = 5.75% (NOPAT 173.2m / Invested Capital 3.01b)
WACC = 2.69% (E(1.15b)/V(3.47b) * Re(7.02%) + D(2.33b)/V(3.47b) * Rd(0.73%) * (1-Tc(0.25)))
Discount Rate = 7.02% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 1.49%
[DCF Debug] Terminal Value 85.46% ; FCFF base≈972.2m ; Y1≈894.2m ; Y5≈801.0m
Fair Price DCF = 98.83 (EV 24.14b - Net Debt 1.73b = Equity 22.41b / Shares 226.7m; r=5.90% [WACC]; 5y FCF grow -10.06% → 2.90% )
EPS Correlation: -11.71 | EPS CAGR: -29.04% | SUE: -1.73 | # QB: 0
Revenue Correlation: -42.19 | Revenue CAGR: -14.15% | SUE: 2.09 | # QB: 3
EPS next Year (2026-12-31): EPS=0.70 | Chg30d=-0.014 | Revisions Net=-6 | Growth EPS=-13.5% | Growth Revenue=+1.7%