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Vocento
(BME:VOC)
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Rating:45Neutral
Price Target:
€0.86
▲(10.00% Upside)
Action:Reiterated
Date:08/06/26
The score is held back primarily by weak earnings quality and cash generation (negative net income and negative free cash flow), despite improving TTM revenue growth and solid gross margins. Technicals are mixed-to-weak with the stock below key short-term moving averages and slightly negative MACD. Valuation is also constrained because the negative P/E reflects ongoing losses and there is no dividend yield data to offset the risk profile.
Positive Factors
Diversified media monetization
Vocento monetizes its content brands through several channels, including advertising, reader revenue and related digital activities. This diversified model can reduce reliance on any single income source and gives the company multiple ways to leverage its audience and publishing assets over time.
Negative Factors
Persistent unprofitability
Negative EBIT and net income show that revenue and gross profit are not currently sufficient to cover the company's operating and other costs. The volatile earnings pattern, including a deep 2024 loss, indicates limited earnings visibility and leaves less internal capacity to fund investment or strengthen the balance sheet.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified media monetization
Vocento monetizes its content brands through several channels, including advertising, reader revenue and related digital activities. This diversified model can reduce reliance on any single income source and gives the company multiple ways to leverage its audience and publishing assets over time.
Read all positive factors
Vocento (VOC) vs. iShares MSCI Spain ETF (EWP)
Market Cap
€101.81M
Dividend Yield3.99%
Average Volume (3M)26.21K
Price to Earnings (P/E)―
Beta (1Y)0.19
Revenue Growth2.39%
EPS Growth81.44%
CountryES
Employees2,447
SectorGeneral
Sector StrengthN/A
IndustryPublishing
Share Statistics
EPS (TTM)-0.11
Shares Outstanding124,319,740
10 Day Avg. Volume21,949
30 Day Avg. Volume26,207
Financial Highlights & Ratios
PEG Ratio-0.11
Price to Book (P/B)0.72
Price to Sales (P/S)0.23
P/FCF Ratio-8.68
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)€335.70M
Vocento Business Overview & Revenue Model
Company Description
Vocento, S.A. is a diverse Spanish multimedia and communications enterprise, managing its operations through segments like ABC, Regional, Supplements and Magazines, Audiovisual, Classifieds, Gastronomy, Agency, and Structure. The company's extensi...
How the Company Makes Money
Vocento primarily makes money by monetizing its audiences and media brands through multiple revenue streams tied to publishing and digital media. (1) Advertising: A major source of revenue comes from selling advertising inventory across its newspa...
Vocento Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
56
Neutral
Cash Flow
38
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 270.90M | 334.02M | 342.00M | 358.60M | 341.24M | 326.80M |
| Gross Profit | 162.13M | 158.21M | 320.74M | 164.85M | 311.95M | 254.98M |
| EBITDA | 13.74M | 14.03M | -47.50M | 40.09M | 37.19M | 45.30M |
| Net Income | -14.35M | 6.66M | -97.25M | 4.01M | 12.89M | 13.62M |
Balance Sheet | ||||||
| Total Assets | 321.50M | 321.81M | 355.73M | 437.12M | 430.07M | 435.23M |
| Cash, Cash Equivalents and Short-Term Investments | 30.24M | 25.23M | 19.14M | 24.66M | 15.30M | 29.36M |
| Total Debt | 66.91M | 36.93M | 77.95M | 58.26M | 45.08M | 52.22M |
| Total Liabilities | 170.81M | 157.58M | 194.16M | 170.37M | 161.93M | 166.54M |
| Stockholders Equity | 89.23M | 106.99M | 106.45M | 208.50M | 210.74M | 204.51M |
Cash Flow | ||||||
| Free Cash Flow | -4.26M | -8.82M | -16.51M | 7.80M | 4.82M | 29.25M |
| Operating Cash Flow | 7.25M | 2.57M | -808.00K | 21.02M | 19.30M | 41.96M |
| Investing Cash Flow | 4.37M | 34.55M | -9.65M | -8.81M | -17.40M | 6.38M |
| Financing Cash Flow | 845.00K | -31.68M | 4.94M | -2.85M | -23.10M | -44.15M |
Vocento Technical Analysis
Positive
0.78
Price Trends
0.84
Positive
0.84
Positive
0.78
Positive
Market Momentum
0.01
Positive
52.80
Neutral
32.42
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:VOC, the sentiment is Positive. The current price of 0.78 is below the 20-day moving average (MA) of 0.88, below the 50-day MA of 0.84, and above the 200-day MA of 0.78, indicating a bullish trend. The MACD of 0.01 indicates Positive momentum. The RSI at 52.80 is Neutral, neither overbought nor oversold. The STOCH value of 32.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ES:VOC.
Vocento Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | €1.31B | 22.62 | 7.09% | 11.01% | 0.54% | -52.48% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | €305.65M | -23.20 | 3.72% | 1.92% | -1.65% | -76.40% | |
47 Neutral | €19.34B | -5.80 | -24.69% | 8.05% | -10.88% | -40.72% | |
45 Neutral | €101.81M | -7.69 | -14.51% | 3.99% | 2.39% | 81.44% |
* General Sector Average
ES:VOC
Vocento
0.88
0.23
36.22%
ES:A3M
Atresmedia Corporacion de Medios de Comunicacion, S.A
5.71
0.44
8.31%
ES:PRS
Promotora de Informaciones
2.32
-1.38
-37.30%
ES:TEF
Telefonica
3.38
-0.67
-16.65%
ES:MAKS
Making Science Group SA
5.70
-2.81
-33.02%
ES:SEC
Secuoya Grupo de Comunicacion SA
30.40
1.33
4.59%
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.