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Pan-European TV broadcaster (formerly Mediaset) operating free-to-air channels in Italy and Spain, controlled by the Berlusconi family.
Pan-European TV broadcaster (formerly Mediaset) operating free-to-air channels in Italy and Spain, controlled by the Berlusconi family.
Sells advertising slots on its free-to-air channels, so revenue follows audience share and the advertising market in each country, and programming is the main cost. A two-class share structure gives the controlling family far more votes than its share of the capital.
In one line: An Italian/Spanish Fox Corporation for broadcast TV.
Moat: narrow (brand, scale, regulatory licence). Leading Italian/Spanish broadcast licences and channel portfolios, but linear TV faces secular decline from streaming.
Headquarters: Amsterdam, Netherlands / Milan, Italy · Founded: 1978 · Employees: 11,798
Size MFE-MediaForEurope (MFEA.MI) is an Italy Communication Services company (Broadcasting) with a market value of $1.83B, the 61st largest of 123 Italy companies the cockpit tracks. Shares closed at €2.18 on 6 Nov 2026.
Performance Over six months the shares fell 26.1%, against -3.8% for the median peer and +3.1% for the Italy market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue grew 90.4% over the last twelve months (peer median +2.4%); the operating margin is 3.5% (peer median 8.4%).
Valuation It trades at 5.0× forward earnings against a peer median of 14.1× (2nd cheapest of 18).
Price implies For today's price to make sense, revenue must grow about 1% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is -8 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 5.6 points below its cost of capital (7.8% WACC).
Next results Next results expected around 21 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €5.49B | €3.99B | €2.91B | €2.79B | €2.77B |
| Revenue growth | — | +37% | +5% | +1% | — |
| Gross profit | €1.61B | €1.27B | €1.02B | €1.03B | €905M |
| EBITDA | €1.01B | €824M | €755M | €756M | €770M |
| Net income | €164M | €301M | €138M | €209M | €217M |
| Free cash flow | €1.13B | €1.00B | €778M | €724M | €788M |
| Capital expenditure | €1.03B | €559M | €455M | €468M | €414M |
| Total debt | n/a | €3.36B | €846M | €1.09B | €1.41B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| MFE-MediaForEurope MFEA.MI | $1.83B | -26% | +90% | 3% | 5.0× | 0.6% |
| ProSiebenSat.1 Media PSM.DE | $830M | -16% | -8% | 6% | 6.9× | -11.8% |
| Canal+ CAN.L | $3.11B | +2% | +10% | 4% | 9.2× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | MFEA.MI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.3% | +3.4% | 8th lowest of 21 |
| 6-month return | -26.1% | -3.8% | 4th lowest of 21 |
| Distance from 52-week high | -31.6% | -27.0% | 10th lowest of 21 |
| Revenue growth (TTM) | +90.4% | +2.4% | highest of 21 |
| Operating margin | 3.5% | 8.4% | 5th lowest of 21 |
| Forward P/E | 5.0× | 14.1× | 2nd cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | 0.6% | 2.2% | 8th least demanding of 18 |
| Growth delivered (Del g) | +8.9% | +2.3% | highest of 18 |
| Hurdle (Req g minus delivered) | -8.2 pp | +0.8 pp | 6th least demanding of 18 |
| ROIC minus cost of capital | -5.6 pp | -0.8 pp | 2nd lowest of 20 |
| EV / EBITDA | 4.3× | 8.5× | 4th cheapest of 18 |
| Net debt / EBITDA | 2.7× | 0.1× | 6th most indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| MFE-MediaForEurope MFEA.MI | Italy | $1.83B | -26% | +90% | 3% | 5.0× | 0.6% | +8.9% |
| Metropole Television MMT.PA | France | $1.60B | -4% | -2% | 11% | 12.5× | -0.9% | -0.3% |
| Hebei Broadcasting Wireless Media 301551.SZ | China | $1.58B | -4% | -1% | 35% | n/a | 20.7% | -0.8% |
| TV Asahi 9409.T | Japan | $2.15B | +3% | +4% | 7% | 14.5× | -0.9% | +5.1% |
| Television Francaise 1 TFI.PA | France | $1.53B | -6% | -3% | 8% | 14.7× | -7.5% | +2.0% |
| Atresmedia Corporacion de Medios de Comunicacion A3M.MC | Spain | $1.52B | +16% | +1% | 8% | 14.1× | 6.9% | +2.3% |
| Sun TV Network SUNTV.NS | India | $2.48B | +4% | -5% | 38% | 14.2× | 9.5% | +6.4% |
| Rai Way RWAY.MI | Italy | $1.27B | -28% | +3% | 44% | 12.9× | -10.3% | +4.8% |
| SKY Perfect JSAT 9412.T | Japan | $3.13B | -50% | +8% | 30% | 17.2× | 6.2% | -1.8% |
| Sinclair SBGI | United States | $989M | -4% | -6% | 6% | 230.3× | 10.9% | -11.8% |
| Newsmax NMAX | United States | $948M | +16% | +11% | -7% | n/a | n/a | n/a |
| Fuji Media 4676.T | Japan | $3.62B | +2% | +9% | 3% | 12.1× | n/a | n/a |
| Nine Entertainment NEC.AX | Australia | $895M | -15% | -18% | 9% | 8.2× | 7.4% | -1.3% |
| Entravision Communications EVC | United States | $830M | +26% | +71% | 8% | n/a | 13.5% | +5.4% |
| Nippon Television 9404.T | Japan | $4.57B | -3% | +3% | 13% | 12.9× | -7.5% | +4.4% |
| CJ ENM 035760.KS | South Korea | $706M | -15% | -3% | 2% | 30.0× | -5.1% | +8.7% |
| Zee Entertainment Enterprises ZEEL.NS | India | $651M | -32% | +6% | -1% | 14.3× | 1.8% | +0.9% |
| TV Tokyo 9413.T | Japan | $582M | -15% | +2% | 6% | 12.7× | -18.7% | +3.5% |
| Tbs 9401.T | Japan | $5.81B | +8% | +5% | 5% | 18.1× | n/a | n/a |
| Nexstar Media NXST | United States | $5.85B | -6% | +11% | 18% | 6.2× | 5.5% | +1.9% |
| Gray Media GTN | United States | $520M | +11% | -11% | 14% | 2.7× | 2.2% | +5.4% |