Atresmedia A3M.MC
SpainCommunication Services · EntertainmentBolsa de Madrid (BME) · EUR
5.46 EUR (−3.9%)
8 analysts
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Atresmedia is a Spanish media group operating television channels (Antena 3, laSexta), radio (Onda Cero) and digital platforms, generating revenue mainly from advertising.
Listed on Bolsa de Madrid (BME) · Symbol A3M.MC · BME: A3M · Currency EUR
Key points
from its scores- ✓Very solid balance sheet7.7
- ✕Weak growth3.3
- !Weak share-price trend5.3
- !Average business quality5.8
AI analysis
bottom line, main risk, context and newsBalance sheet strength and reasonable valuation offset weak earnings growth, but there are no clear short-term catalysts.
Atresmedia shows solid financial health with net cash (Net Debt/EBITDA -0.80) and strong cash conversion (95.85%), but its earnings growth is negative (-11.70%) and the forward P/E of 11.74 suggests the market already discounts a weak advertising environment.
The decline in earnings (-11.70%) and dependence on advertising in a Spanish market with weak governance are the main risks, especially if the ECB keeps raising rates and compresses advertising spending.
Context and risks
Atresmedia operates in Spain, a country with elevated governance risk according to the assigned profile. Although there is no recent news, dependence on advertising in a rising-rate environment in Europe (ECB hiking) could compress advertising spending, though its net cash balance provides resilience.
Is Atresmedia stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 43% above the Communication Services median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 23.7 | 17.1 | +38% |
| EV / EBITDA | 14.1 | 9.6 | +47% |
| Price / book | 1.6 | 2.3 | −32% |
| Price / sales | 1.4 | 1.9 | −27% |
Sector: median of the 102 Communication Services companies analysed. In bold, the multiples used for the comparison.
Valuation score: 6.3 out of 10 (median for Communication Services: 6.3).
Average analyst target: 5.46 EUR, −3.9% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 5.8 (sector 6.1), Growth 3.3 (sector 5.4).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Communication Services medianValuation
- P/E
- 23.7
- Forward P/E
- 11.7
- EV / EBITDA
- 14.1
- Price / book
- 1.6
- Price / sales
- 1.4
- PEG
- 2.98
- Market cap
- 1.3B EUR
- Enterprise value
- 1.2B EUR
Profitability
- ROE
- 6.9%
- ROA
- 3.2%
- ROIC (approx.)
- 15.2%
- Gross margin
- 23.7%
- Operating margin
- 17.1%
- Net margin
- 6.1%
- Free cash flow
- 82.3M EUR
- FCF yield
- 6.4%
- Cash conversion
- 96%
Solvency
- Total debt
- 203.5M EUR
- Net debt
- −69.0M EUR
- Cash
- 272.5M EUR
- EBITDA
- 85.9M EUR
- Net debt / EBITDA
- −0.80
- Debt / equity
- 25.09
- Current ratio
- 1.89
- Quick ratio
- 1.40
Growth
- Revenue growth
- +2.1%
- Earnings growth
- −11.7%
- EPS (TTM)
- 0.24 EUR
- EPS (forward)
- 0.48 EUR
Dividend
- Dividend yield
- 3.2%
- Payout
- 74.3%
Risk and market
- Beta
- 0.71
- Analyst consensus
- Hold (8)
- Target price
- 5.46 EUR
- 52-week range
- 4.57 – 5.97
Recent news
All A3M.MC news →Compare it with its sector
All 102 in Communication Services →Frequently asked questions about Atresmedia
Is Atresmedia stock cheap or expensive?
On P/E and EV / EBITDA, it trades 43% above the Communication Services median on average. Valuation score: 6.3 out of 10 (median for Communication Services: 6.3). Average analyst target: 5.46 EUR, −3.9% versus the price. This is not investment advice.
What score does Atresmedia get on MeridIAn Screener?
It scores 5.8 out of 10, rank 1,123 of 2,130 (better than 43% of the companies analysed). Its strongest category is Financial health (7.7) and its weakest, Growth (3.3). Analysis of 08/10/2026.
What is Atresmedia's P/E ratio?
Its P/E is 23.7: the share price equals 23.7 times earnings per share over the last 12 months. The Communication Services median is 17.1. Based on the earnings analysts expect, the forward P/E is 11.7.
How much is Atresmedia worth on the stock market?
Its market capitalisation is 1.3B EUR and its enterprise value, debt included, is 1.2B EUR.
How much debt does Atresmedia have?
It has more cash than debt: net cash of 69.0M EUR.
Does Atresmedia pay a dividend?
Yes: its dividend yield is 3.17% and it pays out 74% of its earnings.
How has Atresmedia stock performed over the last year?
It has risen 12.0% over the last year, excluding dividends. Over the last 52 weeks it has traded between 4.57 and 5.97 EUR. Past performance does not guarantee future results.
What do analysts think of Atresmedia?
8 analysts cover it; their average recommendation is “Hold” and their average target is 5.46 EUR (−3.9% versus the price). It is an estimate, not market data.