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ProSiebenSat.1 Media

SWX:PSM
Snowflake Description

Good value with adequate balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PSM
SWX
€3B
Market Cap
  1. Home
  2. CH
  3. Media
Company description

ProSiebenSat.1 Media SE, together with its subsidiaries, operates as a media company in Europe. The last earnings update was 104 days ago. More info.


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PSM Share Price and Events
7 Day Returns
0%
SWX:PSM
-0.5%
Europe Media
0.2%
CH Market
1 Year Returns
-12.6%
SWX:PSM
-3.9%
Europe Media
17.6%
CH Market
PSM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ProSiebenSat.1 Media (PSM) 0% 0% 0% -12.6% -63.1% -66.5%
Europe Media -0.5% -4.3% -1% -3.9% -23.1% -30.8%
CH Market 0.2% 2.2% 7% 17.6% 22.9% 22.7%
1 Year Return vs Industry and Market
  • PSM underperformed the Media industry which returned -3.9% over the past year.
  • PSM underperformed the Market in Switzerland which returned 17.6% over the past year.
Price Volatility
PSM
Industry
5yr Volatility vs Market
Related Companies

Value

 Is ProSiebenSat.1 Media undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of ProSiebenSat.1 Media to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for ProSiebenSat.1 Media.

SWX:PSM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 18 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.2%
Perpetual Growth Rate 10-Year CH Government Bond Rate -0.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SWX:PSM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CH Govt Bond Rate -0.6%
Equity Risk Premium S&P Global 5.4%
Media Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.729 (1 + (1- 30%) (123.51%))
1.24
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.24
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.55% + (1.24 * 5.44%)
6.2%

Discounted Cash Flow Calculation for SWX:PSM using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for ProSiebenSat.1 Media is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

SWX:PSM DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.2%)
2020 353.68 Analyst x9 333.04
2021 429.03 Analyst x8 380.41
2022 391.00 Analyst x1 326.46
2023 366.98 Est @ -6.14% 288.52
2024 350.60 Est @ -4.46% 259.55
2025 339.07 Est @ -3.29% 236.36
2026 330.70 Est @ -2.47% 217.08
2027 324.44 Est @ -1.89% 200.54
2028 319.60 Est @ -1.49% 186.02
2029 315.74 Est @ -1.21% 173.05
Present value of next 10 years cash flows €2,601.00
SWX:PSM DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €315.74 × (1 + -0.55%) ÷ (6.2% – -0.55%)
€4,653.19
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €4,653.19 ÷ (1 + 6.2%)10
€2,550.23
SWX:PSM Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €2,601.00 + €2,550.23
€5,151.23
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €5,151.23 / 226.08
€22.78
SWX:PSM Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in SWX:PSM represents 1.26994x of XTRA:PSM
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.26994x
Value per Share
(Listing Adjusted, CHF)
= Value per Share (EUR) x Listing Adjustment Factor
= € 22.78 x 1.26994
CHF28.94
Value per share (CHF) From above. CHF28.94
Current discount Discount to share price of CHF15.29
= -1 x (CHF15.29 - CHF28.94) / CHF28.94
47.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price ProSiebenSat.1 Media is available for.
Intrinsic value
47%
Share price is CHF15.29 vs Future cash flow value of CHF28.94
Current Discount Checks
For ProSiebenSat.1 Media to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • ProSiebenSat.1 Media's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • ProSiebenSat.1 Media's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for ProSiebenSat.1 Media's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ProSiebenSat.1 Media's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SWX:PSM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in EUR €0.96
XTRA:PSM Share Price ** XTRA (2020-02-18) in EUR €12.04
Europe Media Industry PE Ratio Median Figure of 110 Publicly-Listed Media Companies 19.28x
Switzerland Market PE Ratio Median Figure of 170 Publicly-Listed Companies 21.28x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of ProSiebenSat.1 Media.

SWX:PSM PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:PSM Share Price ÷ EPS (both in EUR)

= 12.04 ÷ 0.96

12.53x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ProSiebenSat.1 Media is good value based on earnings compared to the Europe Media industry average.
  • ProSiebenSat.1 Media is good value based on earnings compared to the Switzerland market.
Price based on expected Growth
Does ProSiebenSat.1 Media's expected growth come at a high price?
Raw Data
SWX:PSM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.53x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts
4.1%per year
Europe Media Industry PEG Ratio Median Figure of 63 Publicly-Listed Media Companies 1.58x
Switzerland Market PEG Ratio Median Figure of 123 Publicly-Listed Companies 2.09x

*Line of best fit is calculated by linear regression .

SWX:PSM PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.53x ÷ 4.1%

3.07x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ProSiebenSat.1 Media is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on ProSiebenSat.1 Media's assets?
Raw Data
SWX:PSM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in EUR €4.14
XTRA:PSM Share Price * XTRA (2020-02-18) in EUR €12.04
Europe Media Industry PB Ratio Median Figure of 165 Publicly-Listed Media Companies 1.46x
Switzerland Market PB Ratio Median Figure of 215 Publicly-Listed Companies 1.79x
SWX:PSM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:PSM Share Price ÷ Book Value per Share (both in EUR)

= 12.04 ÷ 4.14

2.91x

* Primary Listing of ProSiebenSat.1 Media.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ProSiebenSat.1 Media is overvalued based on assets compared to the Europe Media industry average.
X
Value checks
We assess ProSiebenSat.1 Media's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Media industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Media industry average (and greater than 0)? (1 check)
  5. ProSiebenSat.1 Media has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is ProSiebenSat.1 Media expected to perform in the next 1 to 3 years based on estimates from 18 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ProSiebenSat.1 Media expected to grow at an attractive rate?
  • ProSiebenSat.1 Media's earnings growth is expected to exceed the low risk savings rate of -0.6%.
Growth vs Market Checks
  • ProSiebenSat.1 Media's earnings growth is positive but not above the Switzerland market average.
  • ProSiebenSat.1 Media's revenue growth is positive but not above the Switzerland market average.
Annual Growth Rates Comparison
Raw Data
SWX:PSM Future Growth Rates Data Sources
Data Point Source Value (per year)
SWX:PSM Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts 4.1%
SWX:PSM Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 18 Analysts 3.3%
Europe Media Industry Earnings Growth Rate Market Cap Weighted Average 10%
Europe Media Industry Revenue Growth Rate Market Cap Weighted Average 2.9%
Switzerland Market Earnings Growth Rate Market Cap Weighted Average 10.5%
Switzerland Market Revenue Growth Rate Market Cap Weighted Average 3.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SWX:PSM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SWX:PSM Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 4,765 1
2023-12-31 4,655 1
2022-12-31 4,618 3
2021-12-31 4,511 1,765 424 16
2020-12-31 4,332 1,676 388 18
2020-02-19
2019-12-31 4,164 1,649 410 18
SWX:PSM Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-09-30 4,110 1,511 218
2019-06-30 4,075 1,539 310
2019-03-31 4,041 1,400 343
2018-12-31 4,009 1,459 248
2018-09-30 4,008 1,573 446
2018-06-30 4,000 1,579 443
2018-03-31 4,049 1,659 434
2017-12-31 4,078 1,621 471
2017-09-30 4,009 1,575 478
2017-06-30 3,983 1,593 423
2017-03-31 3,907 1,517 442
2016-12-31 3,799 1,577 444

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • ProSiebenSat.1 Media's earnings are expected to grow by 4.1% yearly, however this is not considered high growth (20% yearly).
  • ProSiebenSat.1 Media's revenue is expected to grow by 3.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SWX:PSM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below

All data from ProSiebenSat.1 Media Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:PSM Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 2.09 2.09 2.09 1.00
2021-12-31 1.90 2.12 1.62 12.00
2020-12-31 1.72 1.99 1.40 14.00
2020-02-19
2019-12-31 1.79 1.91 1.67 13.00
SWX:PSM Past Financials Data
Date (Data in EUR Millions) EPS *
2019-09-30 0.96
2019-06-30 1.36
2019-03-31 1.50
2018-12-31 1.08
2018-09-30 1.95
2018-06-30 1.94
2018-03-31 1.90
2017-12-31 2.06
2017-09-30 2.10
2017-06-30 1.89
2017-03-31 2.01
2016-12-31 2.05

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • ProSiebenSat.1 Media is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess ProSiebenSat.1 Media's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
ProSiebenSat.1 Media has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has ProSiebenSat.1 Media performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare ProSiebenSat.1 Media's growth in the last year to its industry (Media).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • ProSiebenSat.1 Media's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • ProSiebenSat.1 Media's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • ProSiebenSat.1 Media's 1-year earnings growth is negative, it can't be compared to the Europe Media industry average.
Earnings and Revenue History
ProSiebenSat.1 Media's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from ProSiebenSat.1 Media Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:PSM Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 4,110.00 218.00 1,154.00
2019-06-30 4,075.00 310.00 1,095.00
2019-03-31 4,041.00 343.00 1,079.00
2018-12-31 4,009.00 248.00 1,127.00
2018-09-30 4,008.00 446.00 1,142.00
2018-06-30 4,000.00 443.00 1,177.00
2018-03-31 4,049.00 434.00 1,199.00
2017-12-31 4,078.00 471.00 1,167.00
2017-09-30 4,009.00 478.00 1,165.00
2017-06-30 3,983.00 423.00 1,141.00
2017-03-31 3,907.00 442.00 1,080.00
2016-12-31 3,799.00 444.00 1,026.00
2016-09-30 3,632.00 409.00 958.00
2016-06-30 3,522.00 414.00 907.00
2016-03-31 3,408.00 396.00 864.00
2015-12-31 3,261.00 391.00 784.00
2015-09-30 3,139.90 419.80 725.60
2015-06-30 3,030.40 414.00 692.80
2015-03-31 2,949.50 385.40 665.00
2014-12-31 2,875.60 373.40 643.70
2014-09-30 2,750.50 360.50 607.20
2014-06-30 2,689.90 357.10 574.90
2014-03-31 2,623.60 358.20 543.60
2013-12-31 2,605.30 359.70 529.20
2013-09-30 2,553.80 367.50 516.20
2013-06-30 2,483.40 353.80 499.00
2013-03-31 2,419.60 335.40 476.40

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • ProSiebenSat.1 Media has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • ProSiebenSat.1 Media used its assets more efficiently than the Europe Media industry average last year based on Return on Assets.
  • ProSiebenSat.1 Media's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess ProSiebenSat.1 Media's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Media industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
ProSiebenSat.1 Media has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is ProSiebenSat.1 Media's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up ProSiebenSat.1 Media's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ProSiebenSat.1 Media is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • ProSiebenSat.1 Media's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of ProSiebenSat.1 Media's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from ProSiebenSat.1 Media Company Filings, last reported 4 months ago.

SWX:PSM Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 1,165.00 3,197.00 677.00
2019-06-30 1,080.00 3,200.00 733.00
2019-03-31 1,271.00 3,196.00 1,047.00
2018-12-31 1,069.00 3,194.00 1,053.00
2018-09-30 1,151.00 3,189.00 1,068.00
2018-06-30 1,041.00 3,189.00 1,053.00
2018-03-31 1,226.00 3,183.00 1,604.00
2017-12-31 1,251.00 3,184.00 1,567.00
2017-09-30 1,129.00 3,185.00 1,378.00
2017-06-30 1,068.00 3,183.00 823.00
2017-03-31 1,469.00 3,185.00 1,402.00
2016-12-31 1,432.00 3,185.00 1,285.00
2016-09-30 658.00 2,728.00 368.00
2016-06-30 628.00 2,677.00 737.00
2016-03-31 903.00 2,676.00 785.00
2015-12-31 943.00 2,675.00 743.00
2015-09-30 750.40 2,176.10 289.00
2015-06-30 675.10 1,974.20 262.10
2015-03-31 935.10 1,974.50 562.30
2014-12-31 753.90 1,973.10 480.40
2014-09-30 551.70 1,971.60 176.80
2014-06-30 425.60 1,970.20 146.40
2014-03-31 633.10 1,842.80 250.50
2013-12-31 584.10 1,842.00 395.70
2013-09-30 527.90 1,942.00 204.50
2013-06-30 1,682.00 1,841.00 1,287.20
2013-03-31 1,594.10 2,574.20 655.40
  • ProSiebenSat.1 Media's level of debt (269%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (354.3% vs 269% today).
  • Debt is well covered by operating cash flow (48.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 11.5x coverage).
X
Financial health checks
We assess ProSiebenSat.1 Media's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. ProSiebenSat.1 Media has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is ProSiebenSat.1 Media's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
9.88%
Current annual income from ProSiebenSat.1 Media dividends. Estimated to be 8.19% next year.
If you bought CHF2,000 of ProSiebenSat.1 Media shares you are expected to receive CHF198 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • ProSiebenSat.1 Media's pays a higher dividend yield than the bottom 25% of dividend payers in Switzerland (1.73%).
  • ProSiebenSat.1 Media's dividend is above the markets top 25% of dividend payers in Switzerland (3.37%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SWX:PSM Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below
Europe Media Industry Average Dividend Yield Market Cap Weighted Average of 88 Stocks 4.7%
Switzerland Market Average Dividend Yield Market Cap Weighted Average of 163 Stocks 2.8%
Switzerland Minimum Threshold Dividend Yield 10th Percentile 1.1%
Switzerland Bottom 25% Dividend Yield 25th Percentile 1.7%
Switzerland Top 25% Dividend Yield 75th Percentile 3.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SWX:PSM Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 1.01 2.00
2021-12-31 1.01 17.00
2020-12-31 0.96 19.00
2020-02-19
2019-12-31 0.92 18.00
SWX:PSM Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-22 1.190 8.990
2019-03-18 1.190 8.059
2018-03-15 1.930 9.431
2018-02-23 1.930 6.531
2017-02-23 1.900 5.858
2016-02-25 1.800 4.518
2015-03-18 1.600 3.502
2015-02-26 1.600 3.556
2014-03-18 1.470 4.428
2014-02-27 1.470 4.379
2013-02-28 5.650 17.764
2012-08-02 1.170 5.466
2011-03-03 1.140 6.824
2010-03-04 0.020 0.128
2010-03-01 0.020 0.178
2009-03-13 0.020 0.475
2009-03-04 0.020 1.996

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of ProSiebenSat.1 Media's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess ProSiebenSat.1 Media's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can ProSiebenSat.1 Media afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ProSiebenSat.1 Media has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of ProSiebenSat.1 Media's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Max Conze
COMPENSATION €5,640,500
AGE 50
TENURE AS CEO 1.7 years
CEO Bio

Mr. Max Conze has been Chairman of Management Board and Group CEO of ProSiebenSat.1 Media SE since June 1, 2018. He served as Chief Executive Officer of Dyson Ltd. since February 2012 until 2017. Mr. Conze served as the President of North America operations at Dyson Ltd. Prior to joining Dyson, he worked for Procter and Gamble in Germany, China, Switzerland, the UK and the US. From 1993 to 2010, Max Conze worked at Procter & Gamble in general management and marketing roles across Germany, Europe, US and China. From 2007 through 2010, he was responsible for the German, Austrian and Swiss Beauty & Grooming businesses as well as developing new global beauty categories. He studied Business Administration at the Columbus State University (Abbott Turner School of Business), had a brief stint as lieutenant in the German Army jumping out of planes and is a frequent global speaker on technology and leadership.

CEO Compensation
  • Insufficient data for Max to compare compensation growth.
  • Max's remuneration is higher than average for companies of similar size in Switzerland.
Management Team Tenure

Average tenure and age of the ProSiebenSat.1 Media management team in years:

0.8
Average Tenure
50.5
Average Age
  • The average tenure for the ProSiebenSat.1 Media management team is less than 2 years, this suggests a new team.
Management Team

Max Conze

TITLE
Chairman of Executive Board & Group CEO
COMPENSATION
€6M
AGE
50
TENURE
1.7 yrs

Conrad Albert

TITLE
Deputy Chairman of Executive Board & Group General Counsel
COMPENSATION
€3M
AGE
50
TENURE
1.8 yrs

Rainer Beaujean

TITLE
Group CFO & Member of Executive Board
AGE
51
TENURE
0.6 yrs

Markus Breitenecker

TITLE
CEO of ProSiebenSat.1 PULS 4 & Member of the Executive Board
TENURE
1.1 yrs

Ralf Gierig

TITLE
Deputy CFO
TENURE
0.8 yrs

Claas Van Delden

TITLE
Co-CEO of NuCom Group & Member of Executive Board
TENURE
0.8 yrs

Florian Tappeiner

TITLE
Co-CEO of NuCom Group & Member of Executive Board
TENURE
0.8 yrs

James Baker

TITLE
Chairman
TENURE
0.8 yrs

Wolfgang Link

TITLE
Co-CEO of Entertainment & Member of Executive Board
TENURE
0.8 yrs

Nick Thexton

TITLE
CTO & Member of Executive Board
AGE
56
TENURE
0.7 yrs
Board of Directors Tenure

Average tenure and age of the ProSiebenSat.1 Media board of directors in years:

4.8
Average Tenure
65
Average Age
  • The tenure for the ProSiebenSat.1 Media board of directors is about average.
Board of Directors

Werner Brandt

TITLE
Chairman of Supervisory Board
COMPENSATION
€391K
AGE
65
TENURE
4.8 yrs

Marion Helmes

TITLE
Vice Chairwoman of Supervisory Board
COMPENSATION
€247K
AGE
54
TENURE
4.8 yrs

Edmund Stoiber

TITLE
Chairman of Advisory Board

Rolf Nonnenmacher

TITLE
Member of the Supervisory Board
COMPENSATION
€207K
AGE
65
TENURE
4.8 yrs

Minu Barati-Fischer

TITLE
Member of Advisory Board

Heike Kahl

TITLE
Member of Advisory Board

Dieter Kronzucker

TITLE
Member of Advisory Board

Markus Lüpertz

TITLE
Member of Advisory Board

Christine Theiss

TITLE
Member of Advisory Board

Bodo Hombach

TITLE
Member of Advisory Board
TENURE
6.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CHF) Value (CHF)
X
Management checks
We assess ProSiebenSat.1 Media's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. ProSiebenSat.1 Media has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

ProSiebenSat.1 Media SE, together with its subsidiaries, operates as a media company in Europe. The company operates through three segments: Entertainment, Content Production & Global Sales, and Commerce. The Entertainment segment operates free TV stations, such as SAT.1, ProSieben, kabel eins, sixx, SAT.1 Gold, ProSieben MAXX, and kabel eins Doku, as well as distributes ProSiebenSat.1 HD stations. This segment also engages in the pay TV, online advertising, music, event and athlete marketing, and SevenVentures businesses. The Content Production & Global Sales segment produces and sells programming content under the umbrella of Red Arrow Studios. The Commerce segment engages in the consumer advice, matchmaking, experience and gift vouchers, and beauty and lifestyle businesses. ProSiebenSat.1 Media SE was founded in 1984 and is headquartered in Unterföhring, Germany.

Details
Name: ProSiebenSat.1 Media SE
PSM
Exchange: SWX
Founded: 1984
€2,890,536,775
226,080,487
Website: http://www.prosiebensat1.com
Address: ProSiebenSat.1 Media SE
Medienallee 7,
Unterföhring,
Bavaria, 85774,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA PSM Registered Common Shares XETRA Trading Platform DE EUR 13. Oct 2000
OTCPK PBSF.F Registered Common Shares Pink Sheets LLC US USD 13. Oct 2000
DB PSM Registered Common Shares Deutsche Boerse AG DE EUR 13. Oct 2000
LSE 0QG9 Registered Common Shares London Stock Exchange GB EUR 13. Oct 2000
SWX PSM Registered Common Shares SIX Swiss Exchange CH CHF 13. Oct 2000
BIT PSM Registered Common Shares Borsa Italiana IT EUR 13. Oct 2000
WBAG PSM Registered Common Shares Wiener Boerse AG AT EUR 13. Oct 2000
BDL PRO7 Registered Common Shares Bourse de Luxembourg LU EUR 13. Oct 2000
BATS-CHIXE PSMD Registered Common Shares BATS 'Chi-X Europe' GB EUR 13. Oct 2000
OTCPK PBSF.Y UNSPONSORED ADR Pink Sheets LLC US USD 03. Dec 2008
BST PSMA UNSPONSORED ADR Boerse-Stuttgart DE EUR 03. Dec 2008
Number of employees
Current staff
Staff numbers
7,416
ProSiebenSat.1 Media employees.
Industry
Broadcasting
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/02/19 22:45
End of day share price update: 2020/02/18 00:00
Last estimates confirmation: 2020/02/19
Last earnings filing: 2019/11/07
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.