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Atresmedia Corporacion de Medios de Comunicacion
(OTC:ATVDY)
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Rating:74Outperform
Price Target:
$7.50
▲(22.55% Upside)
Action:Upgraded
Date:07/31/26
The score is primarily driven by strong free cash flow generation and a conservative balance sheet, which together support financial resilience. The main offset is weakening operating performance (declining revenue and compressed margins). Technicals are supportive with the stock trading above key moving averages, and valuation is helped by a high dividend yield alongside a moderate P/E.
Positive Factors
Strong free cash flow generation
Substantial and improving free cash flow indicates effective cash conversion despite weaker reported earnings. This supports ongoing investment in content and digital platforms, provides resilience through softer operating periods, and preserves flexibility for capital allocation.
Negative Factors
Declining recent revenue
Recent revenue contraction suggests that audience monetization and underlying demand are not currently expanding consistently. Persistent top-line weakness could reduce the resources available for programming, platform development, and other investments needed to defend market position.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow generation
Substantial and improving free cash flow indicates effective cash conversion despite weaker reported earnings. This supports ongoing investment in content and digital platforms, provides resilience through softer operating periods, and preserves flexibility for capital allocation.
Read all positive factors
Atresmedia Corporacion de Medios de Comunicacion (ATVDY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.44B
Dividend Yield7.7%
Average Volume (3M)0.00
Price to Earnings (P/E)22.5
Beta (1Y)0.36
Revenue Growth7.85%
EPS Growth-49.03%
CountryUS
Employees2,647
SectorCommunication Services
Sector Strength97
IndustryBroadcasting
Share Statistics
EPS (TTM)0.25
Shares Outstanding225,733,000
10 Day Avg. Volume0
30 Day Avg. Volume0
Financial Highlights & Ratios
PEG Ratio-0.36
Price to Book (P/B)1.44
Price to Sales (P/S)1.18
P/FCF Ratio16.12
Enterprise Value/Market Cap0.80
Enterprise Value/Revenue1.37
Enterprise Value/Gross Profit7.38
Enterprise Value/Ebitda13.36
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.5
Revenue Forecast (FY)$1.22B
Atresmedia Corporacion de Medios de Comunicacion Business Overview & Revenue Model
Company Description
Atresmedia Corporación de Medios de Comunicación, S.A., an audiovisual company, engages in the television, radio, digital and multimedia development, cinema, and events organization businesses in Spain and internationally. It is involved in the cr...
How the Company Makes Money
Atresmedia primarily makes money by monetizing audience reach and content across television and digital channels. A core revenue stream is advertising sales on its free-to-air TV networks, where it sells commercial airtime and sponsorship packages...
Atresmedia Corporacion de Medios de Comunicacion Earnings Call Summary
Earnings Call Date:Feb 26, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Oct 22, 2026
Earnings Call Sentiment Neutral
The call presents a mixed picture. Positives include clear audience leadership, strong radio performance, meaningful digital subscriber growth (AtresPlayer), healthy shareholder returns (EUR 146M dividends, 26% TSR), a positive net cash position at year‑end, and strategic M&A to diversify revenue. Offsetting these are meaningful declines in TV/audiovisual revenue, a sharp drop in EBITDA and net profit year‑on‑year, higher OpEx partly driven by perimeter additions and restructuring costs, pressure in digital advertising, and regulatory uncertainty around the Clear Channel acquisition. Management guidance targets margin recovery (~15% EBITDA margin) and stable revenues at constant perimeter, but near‑term advertising softness and integration/transaction timing risks keep the outlook cautious.Positive Updates
Audience Leadership Across TV and Digital
Atresmedia remained the sector leader in audience for the fifth consecutive year with a TV market share of 26.1% (overall market share cited ~28.15% including premium), widening the gap vs. its main commercial competitor. Digital reach includes ~22.6 million average (web/portal traffic) and AtresPlayer leadership in AVOD/SVOD.
Negative Updates
TV/Audiovisual Revenue Decline
Audiovisual revenue experienced a material decline (-EUR 49M year‑on‑year) with TV advertising down (cited ~-4.4% in the market). Overall audiovisual segment weakness was the main driver of the company’s lower profitability.
Read all updates
Q4-2025 Updates
Positive
Negative
Audience Leadership Across TV and Digital
Atresmedia remained the sector leader in audience for the fifth consecutive year with a TV market share of 26.1% (overall market share cited ~28.15% including premium), widening the gap vs. its main commercial competitor. Digital reach includes ~22.6 million average (web/portal traffic) and AtresPlayer leadership in AVOD/SVOD.
Read all positive updates
Company Guidance
Management guided 2026 assuming the audiovisual advertising market will be roughly flat, radio revenue growth of c.2–3%, and outdoor growth of c.5–6%, leading to broadly stable total revenues at constant perimeter (with additional contribution from Last Lap and the expected Clear Channel integration); they forecast an EBITDA margin around 15% and to finish 2026 with a net financial position of about -€25m (after dividend payments and the Clear Channel cash outlay), while awaiting a ~€45m tax cash‑in in H1. The Board approved a complementary dividend of €47m (€0.21/share), January–February ad spend was down c.5% but better than feared, and management reiterated continued cost discipline (including a 136‑person voluntary redundancy) amid ongoing macro and regulatory uncertainty.Atresmedia Corporacion de Medios de Comunicacion Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
76
Positive
Cash Flow
81
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 845.48M | 893.75M | 918.95M | 886.11M | 867.29M | 877.87M |
| Gross Profit | 156.55M | 469.87M | 466.08M | 315.16M | 484.50M | 482.30M |
| EBITDA | 86.52M | 108.80M | 187.08M | 175.93M | 177.95M | 183.37M |
| Net Income | 54.68M | 62.11M | 120.28M | 171.16M | 112.91M | 118.54M |
Balance Sheet | ||||||
| Total Assets | 1.54B | 1.48B | 1.50B | 1.46B | 1.51B | 1.41B |
| Cash, Cash Equivalents and Short-Term Investments | 272.51M | 270.00M | 314.78M | 206.55M | 262.82M | 286.54M |
| Total Debt | 203.48M | 199.29M | 190.21M | 208.57M | 281.84M | 278.77M |
| Total Liabilities | 730.78M | 745.49M | 673.38M | 703.74M | 823.84M | 864.01M |
| Stockholders Equity | 810.62M | 732.91M | 830.10M | 759.98M | 685.13M | 548.17M |
Cash Flow | ||||||
| Free Cash Flow | 124.28M | 65.57M | 165.71M | 137.26M | 104.20M | 176.19M |
| Operating Cash Flow | 155.82M | 81.55M | 186.72M | 167.04M | 124.18M | 193.77M |
| Investing Cash Flow | -56.22M | -20.85M | 33.04M | 45.20M | -106.66M | -37.34M |
| Financing Cash Flow | -48.41M | -112.76M | -118.56M | -182.64M | -109.57M | -61.22M |
Atresmedia Corporacion de Medios de Comunicacion Technical Analysis
Positive
6.12
Price Trends
6.11
Positive
5.88
Positive
5.81
Positive
Market Momentum
0.14
Negative
56.93
Neutral
52.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ATVDY, the sentiment is Positive. The current price of 6.12 is below the 20-day moving average (MA) of 6.29, above the 50-day MA of 6.11, and above the 200-day MA of 5.81, indicating a bullish trend. The MACD of 0.14 indicates Negative momentum. The RSI at 56.93 is Neutral, neither overbought nor oversold. The STOCH value of 52.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ATVDY.
Atresmedia Corporacion de Medios de Comunicacion Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $1.44B | 22.50 | 7.09% | 7.70% | 7.85% | -49.03% | |
66 Neutral | $484.60M | -10.15 | -0.94% | 6.71% | -11.30% | -138.09% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
58 Neutral | $4.85B | 28.02 | 8.56% | 4.71% | 10.51% | -72.98% | |
58 Neutral | $937.24M | 17.05 | 12.71% | 7.66% | -6.46% | -6.68% | |
56 Neutral | $618.33M | 169.50 | 6.98% | 2.95% | 71.38% | ― | |
45 Neutral | $270.59M | -0.20 | -127.81% | 1.42% | -14.18% | -2948.71% |
* Communication Services Sector Average
ATVDY
Atresmedia Corporacion de Medios de Comunicacion
6.36
0.15
2.43%
SSP
E. W. Scripps Company Class A
2.84
0.42
17.36%
EVC
Entravision
6.78
4.60
210.87%
GTN
Gray Media
4.77
-0.16
-3.21%
NXST
Nexstar Media Group
158.05
-37.76
-19.28%
SBGI
Sinclair Broadcast
13.05
0.13
1.01%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.