(PSM) Prosiebensat 1 Media - Ratings and Ratios
TV, Dating, Video, Commerce
Dividends
| Dividend Yield | 2.01% |
| Yield on Cost 5y | 0.89% |
| Yield CAGR 5y | -50.75% |
| Payout Consistency | 74.3% |
| Payout Ratio | 4.7% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 40.0% |
| Value at Risk 5%th | 54.9% |
| Relative Tail Risk | -16.54% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.16 |
| Alpha | -15.31 |
| CAGR/Max DD | -0.28 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.655 |
| Beta | 0.293 |
| Beta Downside | -0.149 |
| Drawdowns 3y | |
|---|---|
| Max DD | 54.04% |
| Mean DD | 31.78% |
| Median DD | 35.53% |
Description: PSM Prosiebensat 1 Media November 12, 2025
ProSiebenSat.1 Media SE (XETRA:PSM) is a German-based multimedia group active in Germany, Austria, Switzerland, the United States and other markets. It is organized into three operating segments: Entertainment (free-to-air TV channels and digital platforms), Dating & Video (online matchmaking and social-video apps), and Commerce & Ventures (consumer-advice, weather, and lifestyle services). The company was founded in 1984 and is headquartered in Unterföhring, Germany.
The Entertainment segment runs flagship free-TV channels such as SAT.1, ProSieben, Kabel Eins and their digital extensions (e.g., SAT.1 Gold, ProSieben MAXX). It also owns Studio71, a creator-network that monetizes influencer content. In 2023 the segment generated roughly €4.2 billion in revenue, but its EBITDA margin slipped to 12% as traditional advertising spend fell 5% year-on-year, reflecting broader pressure on linear TV ad markets.
The Dating & Video segment leverages well-known brands (Parship, ElitePartner, eHarmony, LOVOO) and social-video apps (MeetMe, Skout, Tagged, GROWLr). This unit contributed about €1.1 billion in 2023, with a 14% YoY increase in paid-subscriber count, driven by higher demand for niche matchmaking services. The Commerce & Ventures segment, which includes Wetter.com and the consumer-advice portal Marktguru, added €0.9 billion in revenue and posted an EBITDA margin near 18%, benefitting from the growing German e-commerce advisory market.
Key sector drivers include the gradual shift of advertising budgets from linear TV to programmatic digital, a trend that has reduced PSM’s traditional ad revenue but created upside potential for its digital and influencer businesses; the continued consolidation in the European online dating market, which could amplify network effects for PSM’s dating brands; and the rising importance of data-powered commerce platforms, where PSM’s Ventures unit can capture higher-margin ancillary revenues.
For a deeper quantitative assessment, the ValueRay platform provides a granular, data-driven dashboard that can help you model PSM’s valuation under different ad-spend scenarios.
Piotroski VR‑10 (Strict, 0-10) 5.5
| Net Income (-75.0m TTM) > 0 and > 6% of Revenue (6% = 230.3m TTM) |
| FCFTA 0.18 (>2.0%) and ΔFCFTA 2.57pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -5.86% (prev -1.95%; Δ -3.91pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.23 (>3.0%) and CFO 1.16b > Net Income -75.0m (YES >=105%, WARN >=100%) |
| Net Debt (1.84b) to EBITDA (414.0m) ratio: 4.43 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.86 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (233.3m) change vs 12m ago 0.0% (target <= -2.0% for YES) |
| Gross Margin 35.74% (prev 27.57%; Δ 8.16pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 70.52% (prev 68.53%; Δ 1.99pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 3.47 (EBITDA TTM 414.0m / Interest Expense TTM 75.0m) >= 6 (WARN >= 3) |
Altman Z'' 0.49
| (A) -0.04 = (Total Current Assets 1.39b - Total Current Liabilities 1.61b) / Total Assets 5.13b |
| (B) 0.03 = Retained Earnings (Balance) 141.0m / Total Assets 5.13b |
| (C) 0.05 = EBIT TTM 260.0m / Avg Total Assets 5.44b |
| (D) 0.35 = Book Value of Equity 1.35b / Total Liabilities 3.90b |
| Total Rating: 0.49 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 67.65
| 1. Piotroski 5.50pt |
| 2. FCF Yield 32.16% |
| 3. FCF Margin 24.62% |
| 4. Debt/Equity 2.00 |
| 5. Debt/Ebitda 4.43 |
| 6. ROIC - WACC (= 54.72)% |
| 7. RoE -5.97% |
| 8. Rev. Trend -36.39% |
| 9. EPS Trend -21.01% |
What is the price of PSM shares?
Over the past week, the price has changed by +4.49%, over one month by -1.56%, over three months by -33.74% and over the past year by -10.03%.
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 | 6.7 | 34.7% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 4.5 | -9.8% |
PSM Fundamental Data Overview November 27, 2025
Market Cap EUR = 1.10b (1.10b EUR * 1.0 EUR.EUR)
P/E Forward = 5.8651
P/S = 0.2918
P/B = 0.8863
Beta = 1.229
Revenue TTM = 3.84b EUR
EBIT TTM = 260.0m EUR
EBITDA TTM = 414.0m EUR
Long Term Debt = 2.03b EUR (from longTermDebt, last quarter)
Short Term Debt = 290.0m EUR (from shortTermDebt, last quarter)
Debt = 2.42b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.84b EUR (from netDebt column, last quarter)
Enterprise Value = 2.94b EUR (1.10b + Debt 2.42b - CCE 581.0m)
Interest Coverage Ratio = 3.47 (Ebit TTM 260.0m / Interest Expense TTM 75.0m)
FCF Yield = 32.16% (FCF TTM 945.0m / Enterprise Value 2.94b)
FCF Margin = 24.62% (FCF TTM 945.0m / Revenue TTM 3.84b)
Net Margin = -1.95% (Net Income TTM -75.0m / Revenue TTM 3.84b)
Gross Margin = 35.74% ((Revenue TTM 3.84b - Cost of Revenue TTM 2.47b) / Revenue TTM)
Gross Margin QoQ = 23.93% (prev 28.30%)
Tobins Q-Ratio = 0.57 (Enterprise Value 2.94b / Total Assets 5.13b)
Interest Expense / Debt = 0.70% (Interest Expense 17.0m / Debt 2.42b)
Taxrate = -44.09% (negative due to tax credits) (41.0m / -93.0m)
NOPAT = 374.6m (EBIT 260.0m * (1 - -44.09%)) [negative tax rate / tax credits]
Current Ratio = 0.86 (Total Current Assets 1.39b / Total Current Liabilities 1.61b)
Debt / Equity = 2.00 (Debt 2.42b / totalStockholderEquity, last quarter 1.21b)
Debt / EBITDA = 4.43 (Net Debt 1.84b / EBITDA 414.0m)
Debt / FCF = 1.94 (Net Debt 1.84b / FCF TTM 945.0m)
Total Stockholder Equity = 1.26b (last 4 quarters mean from totalStockholderEquity)
RoA = -1.46% (Net Income -75.0m / Total Assets 5.13b)
RoE = -5.97% (Net Income TTM -75.0m / Total Stockholder Equity 1.26b)
RoCE = 7.91% (EBIT 260.0m / Capital Employed (Equity 1.26b + L.T.Debt 2.03b))
RoIC = 57.63% (NOPAT 374.6m / Invested Capital 650.0m)
WACC = 2.92% (E(1.10b)/V(3.52b) * Re(7.09%) + D(2.42b)/V(3.52b) * Rd(0.70%) * (1-Tc(-0.44)))
Discount Rate = 7.09% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 100.0 | Cagr: 1.49%
[DCF Debug] Terminal Value 78.21% ; FCFE base≈931.4m ; Y1≈926.5m ; Y5≈972.5m
Fair Price DCF = 75.96 (DCF Value 17.22b / Shares Outstanding 226.7m; 5y FCF grow -1.22% → 3.0% )
EPS Correlation: -21.01 | EPS CAGR: -17.98% | SUE: 1.47 | # QB: 1
Revenue Correlation: -36.39 | Revenue CAGR: -5.90% | SUE: 2.77 | # QB: 2
EPS next Year (2026-12-31): EPS=0.74 | Chg30d=-0.077 | Revisions Net=-4 | Growth EPS=-12.1% | Growth Revenue=+1.7%