Report
Jerôme Bodin

Mediaset Espana : The least expensive valuation for the most solid momentum

>A stock with four drivers - Despite the marked increase in Mediaset España’s share price (+49% in the last three months), we think that the stock is still one of the most appealing in the European TV universe. We have identified upside of 47%. There are four reasons for this: 1/ the valuation is particularly low (EV/EBITDA of just 3.8x) pricing in the 9.75% stake in Pro7Sat1 (stock market valuation of € 281m). We think that a part of the consensus has not factored in...
Underlying
Mediaset Espana Comunicacion SA

Gestevision Telecinco is a television network company based in Spain. Co. heads a group of dependent companies, which form the Telecinco Group. Through its subsidiaries, Co. is engaged in the management and commercial exploitation of a television network. Co.'s television network acquires, produces, and distributes audiovisual content. Co. also sells the network advertising airtime, carried out by its subsidiary. In addition, Co. is involved in the sale of other advertising products; production of news programs; the production and sale of audiovisual property rights; and teleshopping.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Jerôme Bodin

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