ProSiebenSat.1 Media SE

ProSiebenSat.1 Media is a holding company engaged as a media corporations in Europe, with TV stations in Germany, Austria and Switzerland. Co.'s core business consists of free TV financed by advertising. Co. also owns an international production network along with digital and ventures portfolio. In addition, Co. is engaged as online seller of video content on the internet. Also, Co. is involved in the online games business and operates an e-commerce portfolio. Through its Red Arrow Entertainment Group, Co. produces international TV programs and sells them to TV stations worldwide. Co. has three segments: Broadcasting German-speaking, Digital & Adjacent and Content Production & Global Sales.
  • TickerPSM777
  • ISINDE000PSM7770
  • SectorMedia
  • CountryGermany
Expert Corporate Governance Service (ECGS)

ProSiebenSat.1 Media – AGM 10 june 2020

General: The AGM is to be held in the form of a virtual AGM in accordance with the German Law to Mitigate the Consequences of the COVID-19 Pandemic. The physical presence of shareholders or their authorised proxies is not possible. The voting rights may therefore be exercised solely by postal vote or by granting authority to the proxies designated by the Company.   ProSiebenSat.1 Media was founded in 2000 as Germany's largest television corporation. Today, the ProSiebenSat.1 Group is one of the most diversified media companies in Europe. Advertising-financed free TV is the Group’s core busin...

Prosiebensat.1 Media SE: 1 director bought

A director at Prosiebensat.1 Media SE bought 2,000 shares at 10.370EUR and the significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The name...

Alain William ...
  • Jean Sassus
  • Jeremy Garnier
  • Jerôme Bodin
  • Steven Gould

ODDO BHF Small & MIDCAP MORNING NEWS - 05/19/2020

We are upgrading to Buy vs Neutral on TF1 around one and a half months after our downgrade. In the intervening period, the share price has dropped by 14%, giving a negative valuation of the TV arm and in Q1, TF1 demonstrated its capacity to adjust its costs significantly. We consider the consensus forecasts to be excessively low for 2020 since the advertising market is likely to improve - Cf. equity report published. - ...

Alain William ...
  • Jean Sassus
  • Jeremy Garnier
  • Jerôme Bodin
  • Steven Gould

ODDO BHF Small & MIDCAP MORNING NEWS - 19/05/2020

Nous repassons à l’Achat sur TF1 vs Neutre environ 1 mois et demi après notre dégradation. Depuis le cours a baissé de 14% conduisant à une valorisation négative du pôle TV et TF1 a démontré au T1 sa capacité à ajuster ses coûts fortement. Les attentes du consensus nous semblent excessivement basses pour 2020 alors que le marché publicitaire devrait s’améliorer. Cf. étude publiée hier soir. - ...

Jerôme Bodin

ProSiebenSat.1 Media SE : Upside now more limited (Neutral vs Buy) after the very marked increase in the share price

>Valuation now reasonable, no speculative premium - We have downgraded our recommendation to Neutral vs Buy due to now more limited upside (+11% based on our valuation vs 51% for TF1, for example). We had upgraded our recommendation to Buy on 31 March, since the stock appeared to be the most attractive in the European sector. In light of the 61% increase in the share price since this date, the valuation now appears more reasonable. Whilst the group’s strategy (gradual...

Valérie GASTALDY

Medium term view - PROSIEBENSAT.1 MEDIA SE : The background trend is clearly bearish.

The background trend is clearly bearish. The movement goes on. The next target is at €20.31, then €16.90. Passing €28.53 would question the continuation of the fall.

Valérie GASTALDY

Short term view - PROSIEBENSAT.1 MEDIA SE : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €21.32. The background trend would be questioned should prices rise above €24.22.

Valérie GASTALDY

Analyse court terme - PROSIEBENSAT.1 MEDIA SE : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 21,32 €. La tendance de fond serait remise en cause en cas de franchissement de 24,22 €.

Valérie GASTALDY

Analyse moyen terme - PROSIEBENSAT.1 MEDIA SE : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 20,31 €, puis 16,90 €. Le franchissement de 28,53 € remettrait en cause la suite de la baisse.

Prosiebensat.1 Media SE: 1 director bought

A director at Prosiebensat.1 Media SE bought 2,000 shares at 10.370EUR and the significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The name...

Jerôme Bodin

ProSiebenSat.1 Media SE : Upside now more limited (Neutral vs Buy) after the very marked increase in the share price

>Valuation now reasonable, no speculative premium - We have downgraded our recommendation to Neutral vs Buy due to now more limited upside (+11% based on our valuation vs 51% for TF1, for example). We had upgraded our recommendation to Buy on 31 March, since the stock appeared to be the most attractive in the European sector. In light of the 61% increase in the share price since this date, the valuation now appears more reasonable. Whilst the group’s strategy (gradual...

Jerôme Bodin

ProSiebenSat.1 Media SE : Suite à la très forte remontée du cours, un potentiel plus limité (Neutre vs Achat)

>Une valorisation dorénavant raisonnable, pas de prime spéculative - Nous dégradons notre recommandation à Neutre vs Achat au regard d’un potentiel de hausse qui nous semble dorénavant plus limité (+11% sur la base de notre valorisation vs 51% pour TF1 par exemple). Nous avions relevé notre recommandation à l’Achat le 31/03, le titre nous semblait alors le plus attractif du secteur européen. Suite à une progression du cours de 61% depuis cette date, la valorisation no...

Jerôme Bodin

ProSiebenSat.1 Media SE : KKR acquires 5.2% of the capital, speculative appeal gaining momentum

>A financial investment in the short term but possibly not in the long term - According to Reuters, the private equity fund KKR has acquired a 5.2% stake in Pro7Sat1. The article indicates that this investment is a financial one (and that the fund does not intend to take control of the group). However, intentions of this kind can hold for a while (six months) and may shift depending on the circumstances. Nothing can be ruled out at this stage, in our view. We had disc...

Jerôme Bodin

ProSiebenSat.1 Media SE : KKR acquiert 5.2% du capital, accélération du momentum spéculatif

>Un investissement financier à CT mais possiblement pas à LT - Selon Reuters, le fonds KKR aurait acquis une participation de 5,2% dans Pro7Sat1. L’article précise que cet investissement serait financier (et donc que le fonds n’a pas vocation à prendre le contrôle du groupe). Toutefois, ces intentions sont valables un certain temps (6 mois) et peuvent évoluer selon les circonstances. Nous ne pouvons rien n’exclure à ce stade. Nous avions développé plusieurs scénarios ...

Jerôme Bodin

ProSiebenSat.1 Media SE : Feedback from Q1 conference call: difficult trend but actions to limit the impact and review the portfolio

>No surprises from Q1 results – Buy reiterated - On Thursday, Pro7Sat1 published its Q1 2020 results and held its conference call subsequently. These results were not a surprise since the group had already published preliminary figures. The group’s Q1 EBITDA came in at € 157m whereas we were initially expecting € 152m. Management confirmed a drop of around 40% in the advertising market in April and May. June is likely to show a clear improvement with the easing of loc...

Alain William ...
  • Jean Sassus
  • Jeremy Garnier
  • Jerôme Bodin
  • Steven Gould

ODDO BHF Small & MIDCAP MORNING NEWS - 05/19/2020

We are upgrading to Buy vs Neutral on TF1 around one and a half months after our downgrade. In the intervening period, the share price has dropped by 14%, giving a negative valuation of the TV arm and in Q1, TF1 demonstrated its capacity to adjust its costs significantly. We consider the consensus forecasts to be excessively low for 2020 since the advertising market is likely to improve - Cf. equity report published. - ...

Alain William ...
  • Jean Sassus
  • Jeremy Garnier
  • Jerôme Bodin
  • Steven Gould

ODDO BHF Small & MIDCAP MORNING NEWS - 19/05/2020

Nous repassons à l’Achat sur TF1 vs Neutre environ 1 mois et demi après notre dégradation. Depuis le cours a baissé de 14% conduisant à une valorisation négative du pôle TV et TF1 a démontré au T1 sa capacité à ajuster ses coûts fortement. Les attentes du consensus nous semblent excessivement basses pour 2020 alors que le marché publicitaire devrait s’améliorer. Cf. étude publiée hier soir. - ...

Anis Zgaya ...
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Fehmi Ben Naamane
  • Hela Zarrouk
  • Jean-François Granjon
  • Jerôme Bodin
  • Martial Descoutures
  • Nicolas David
  • Oussema Denguir
  • Salma Bouraoui
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 05/12/2020

...

Anis Zgaya ...
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Fehmi Ben Naamane
  • Hela Zarrouk
  • Jean-François Granjon
  • Jerôme Bodin
  • Martial Descoutures
  • Nicolas David
  • Oussema Denguir
  • Salma Bouraoui
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 12/05/2020

...

Alfred Glaser ...
  • Delphine Brault
  • Emmanuel Matot
  • Fehmi Ben Naamane
  • Jeremy Garnier
  • Jerôme Bodin
  • Matthias Desmarais
  • Olfa Taamallah
  • Stephane Houri
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 05/08/2020

...

PROSIEBENSAT 1 MEDIA AG receives two new qualifications and slightly improves to Neutral

The independent financial analyst theScreener just changed two ratings for the qualification of PROSIEBENSAT 1 MEDIA AG (DE), active in the Broadcasting & Entertainment industry. Its market behaviour has improved and can now be considered as moderately risky; its fundamental valuation receives an improved star rating and now shows 2 out of 4 stars. theScreener considers that these elements slightly improve the general evaluation, which passes therefore to Neutral. As of the analysis date March 6, 2020, the closing price was EUR 10.32 and its expected value was estimated at EUR 12.25.

Expert Corporate Governance Service (ECGS)

ProSiebenSat.1 Media – AGM 10 june 2020

General: The AGM is to be held in the form of a virtual AGM in accordance with the German Law to Mitigate the Consequences of the COVID-19 Pandemic. The physical presence of shareholders or their authorised proxies is not possible. The voting rights may therefore be exercised solely by postal vote or by granting authority to the proxies designated by the Company.   ProSiebenSat.1 Media was founded in 2000 as Germany's largest television corporation. Today, the ProSiebenSat.1 Group is one of the most diversified media companies in Europe. Advertising-financed free TV is the Group’s core busin...

Prosieben – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

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