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
Jerôme Bodin

ODDO BHF Small & MIDCAP MORNING NEWS - 08/03/2020

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Jerôme Bodin

ODDO BHF Small & MIDCAP MORNING NEWS - 03/08/2020

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Jerôme Bodin

ProSiebenSat.1 Media SE : Slight improvement in the market which nonetheless remains negative

>Neutral recommendation reiterated - We reiterate our Neutral recommendation on the stock for two main reasons: 1/ a very slow improvement in the advertising trend,with a still significant decline in July (-20%). We feared notably that the month of September would continue to post a decline; 2/ we have not factored in a speculative premium to our valuation and we do not anticipate a cash offer from Mediaset. Note that the potential blocking of the MFE project (follow...

Jerôme Bodin

ProSiebenSat.1 Media SE : Petite amélioration du marché mais qui reste négatif

>Opinion Neutre réitérée - Nous réitérons notre opinion Neutre sur le titre pour deux principales raisons : 1/ une amélioration très lente de la tendance publicitaire, avec une baisse toujours significative en juillet (-20%). Nous craignons notamment que le mois de septembre affiche toujours un recul ; 2/ nous n’intégrons pas de prime spéculative à notre valorisation et ne croyons pas à une offre en cash de Mediaset. Précisons que l’éventuel blocage de MFE (suite à l...

Bruno Cavalier ...
  • Jerôme Bodin
  • Sylvain Goyon, CFA

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/20/2020

Discussing a return of inflation may seem irrelevant at a time when there is so much downward pressure on prices (unemployment, raw materials). Inflation swaps are nonetheless picking up. Perhaps this is due to the effects of several long-term trends (ageing of the population, de-globalisation, etc.) combined with base effects on raw materials. While this return is likely to be gradual, it will imply an adjustment of portfolios. Value (banks) and commodities (mining) should benefit, e...

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 : Slight improvement in the market which nonetheless remains negative

>Neutral recommendation reiterated - We reiterate our Neutral recommendation on the stock for two main reasons: 1/ a very slow improvement in the advertising trend,with a still significant decline in July (-20%). We feared notably that the month of September would continue to post a decline; 2/ we have not factored in a speculative premium to our valuation and we do not anticipate a cash offer from Mediaset. Note that the potential blocking of the MFE project (follow...

Jerôme Bodin

ProSiebenSat.1 Media SE : Petite amélioration du marché mais qui reste négatif

>Opinion Neutre réitérée - Nous réitérons notre opinion Neutre sur le titre pour deux principales raisons : 1/ une amélioration très lente de la tendance publicitaire, avec une baisse toujours significative en juillet (-20%). Nous craignons notamment que le mois de septembre affiche toujours un recul ; 2/ nous n’intégrons pas de prime spéculative à notre valorisation et ne croyons pas à une offre en cash de Mediaset. Précisons que l’éventuel blocage de MFE (suite à l...

Jerôme Bodin

ODDO : Q2 2020 media previews: favour stocks with exposure to advertising

>We favour TF1 and even Publicis although structural challenges persist - We recap here on our Q2 2020 results expectations for media groups. The first publication will be Publicis’ interim results due out on 23 July. Despite a highly challenging Q2 for all stocks, we anticipate a broadly more reassuring message from the various management teams on the advertising trend. The situation is likely to normalise given that a number of markets are already showing signs of g...

Jerôme Bodin

ODDO : Previews T2 médias : privilégier les valeurs exposées à la publicité

>Nous privilégions TF1 voire Publicis même si des enjeux structurels demeurent - Nous faisons un point sur nos attentes pour les publications T2 des groupes de médias. La 1ère publication concernera Publicis le 23/07. Malgré un T2 très difficile pour toutes les valeurs, nous tablons sur un message globalement plutôt rassurant des managements sur la tendance publicitaire. Il nous semble probable que la situation se normalise voire que certains marchés affichent d’ores ...

Jerôme Bodin

ProSiebenSat.1 Media SE : Q2 preview, our forecasts for 2020 and 2021 revised

>Neutral recommendation unchanged, advertising momentum remains lacklustre for the time being - For the publication of our of Q2 estimates, we have revised down our earnings forecasts for 2020 and 2021. We think that the advertising market will be more difficult than anticipated in Q2 with a very slight upturn in June. In our opinion, the German TV market therefore appears more difficult than the French market over recent months. For Pro7Sat1, we forecast a 36.5% de...

Jerôme Bodin

ODDO BHF Small & MIDCAP MORNING NEWS - 08/03/2020

...

Jerôme Bodin

ODDO BHF Small & MIDCAP MORNING NEWS - 03/08/2020

...

Bruno Cavalier ...
  • Jerôme Bodin
  • Sylvain Goyon, CFA

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/20/2020

Discussing a return of inflation may seem irrelevant at a time when there is so much downward pressure on prices (unemployment, raw materials). Inflation swaps are nonetheless picking up. Perhaps this is due to the effects of several long-term trends (ageing of the population, de-globalisation, etc.) combined with base effects on raw materials. While this return is likely to be gradual, it will imply an adjustment of portfolios. Value (banks) and commodities (mining) should benefit, e...

Bruno Cavalier ...
  • Jerôme Bodin
  • Sylvain Goyon, CFA

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 20/07/2020

Parler d’un retour de l’inflation peut sembler hors sujet tant les pressions baissières sur les prix sont nombreuses (chômage, matières premières). Pourtant les swaps d’inflation se redressent. Il faut peut-être y voir les effets de plusieurs tendances de long terme (vieillissement de la population, dé-globalisation,..) conjuguées à des effets de base sur les matières premières. Si ce retour sera probablement graduel, il va impliquer une adaptation des portefeuilles. La value (banques...

Alain William ...
  • Fatma Agnès Hamdani
  • Jean-François Granjon
  • Jerôme Bodin

ODDO BHF Small & MIDCAP MORNING NEWS - 07/03/2020

Ecology and economic development are often depicted as opposing forces. The European Green Deal pulls off the feat of promoting the former to ensure the latter. Whilst its financing may have raised doubts, the prospect of the € 750bn recovery plan underpins its credibility. Better still, this plan, which proposes for the first time a pooling of debts, is revolutionary. Indeed, for the sectors and stocks concerned, it catalyses the cumulative effects of the additional activity that th...

PROSIEBENSAT 1 MEDIA AG reduces its risk exposure and slightly improves to Neutral

The independent financial analyst theScreener just allocated a lower risk rating to PROSIEBENSAT 1 MEDIA AG (DE), active in the Broadcasting & Entertainment industry. As regards its fundamental valuation, the title still shows 3 out of 4 possible stars. Its market behaviour, however, has slightly improved and can be qualified as moderately risky. theScreener considers that these elements merit an overall rating upgrade to Neutral. As of the analysis date June 9, 2020, the closing price was EUR 12.29 and its expected value was estimated at EUR 10.14.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

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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