Vocento (VOC) AI Stock Analysis

• Market Cap: €75.93M
• Dividend Yield: 5.7%
• Average Volume (3M): 25.10K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.53
• Revenue Growth: -6.41%
• EPS Growth: -905.11%
• Country: ES
• Employees: 2,775
• Sector: Services
• Sector Strength: N/A
• Industry: Entertainment
• EPS (TTM): -0.08
• Shares Outstanding: 124,319,740
• 10 Day Avg. Volume: 23,237
• 30 Day Avg. Volume: 25,100
• PEG Ratio: <0.01
• Price to Book (P/B): 0.69
• Price to Sales (P/S): 0.22
• P/FCF Ratio: -4.47
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 56 Neutral
• Price Target: €0.50 ▼(-21.88% Downside)

The overall stock score for Vocento is primarily influenced by its financial performance challenges, including declining revenues and profitability issues. Technical analysis provides a more positive outlook with bullish momentum, but valuation concerns persist due to negative earnings. The high dividend yield offers some appeal, but the financial difficulties are a significant risk.

Positive Factors

Digital Expansion

Vocento's focus on digital expansion aligns with changing media consumption habits, potentially increasing digital revenue and engagement.

Advertising Revenue

A diversified revenue stream from advertising supports financial stability and leverages Vocento's media reach across Spain.

Partnerships

Strategic partnerships can enhance market presence and drive advertising revenue, supporting long-term growth.

Negative Factors

Declining Revenue

A declining revenue trend indicates challenges in maintaining market share and competitiveness, impacting long-term sustainability.

Profitability Challenges

Negative profit margins suggest inefficiencies in operations, which could hinder the company's ability to invest in growth initiatives.

Cash Flow Issues

Negative cash flow limits financial flexibility and may constrain the company's ability to fund operations and strategic investments.

Vocento Business Overview & Revenue Model

Company Description

Vocento, S.A., together with its subsidiaries, operates as a multimedia communications company in Spain. The company operates through ABC, Regional, Supplements and Magazines, Audiovisual, Classifieds, Gastronomy, Agency, and Structure segments. It conducts various activities in the newspapers, supplements, magazines, television, audiovisual production, film distribution, and Internet in the areas of information and entertainment. The company publishes regional newspapers under the El Correo, La Verdad, El Diario Vasco, El Norte de Castilla, El Diario Montañés, Ideal, Sur, Las Provincias, El Comercio, Hoy, La Rioja, and Colpisa titles; ABC, a national daily newspaper; and supplements comprising XL Semanal and Mujer Hoy, as well as operates WomenNow, a women's event and Mujerhoy.com, a website for women. It also produces and distributes television, radio, and content; offers GELT, an app that offers online coupons and cashback for purchases made in supermarkets; Shows on Demand, a digital platform which allows users to call for their favorite artist to perform in their town; Premium Leads; and provides financing services to recently created companies and those in growth with a proven model. In addition, the company operates a network of national classified advertising under the autocasion.com, autoscout24.es, and pisos.com brands. Further, it engages in the press printing and distribution activities; sale of printed and digital advertising and contents; sale of supplement and magazine; and design of campaigns and organization of food fairs and events. The company was formerly known as Grupo Correo Prensa Española, S.A. and changed its name to Vocento, S.A. in May 2003. Vocento, S.A. was founded in 1854 and is headquartered in Bilbao, Spain.

How the Company Makes Money

Vocento generates revenue through multiple streams, primarily from advertising sales, subscriptions, and digital content monetization. The company earns significant income from advertising by offering advertising space in its print and digital publications, as well as through its television channels. Subscription fees from readers of its newspapers and digital platforms also contribute to its revenue. Additionally, Vocento has developed partnerships with various digital platforms and advertisers to enhance its reach and engagement, further boosting its advertising revenue. The company is also focused on expanding its digital offerings, which include paywalls and premium content subscriptions, to adapt to the changing media consumption habits of its audience.

Vocento Financial Statement Overview

Summary

Vocento is facing financial difficulties with declining revenues and profitability challenges. The balance sheet shows moderate leverage, but the negative return on equity is concerning. Cash flow issues persist, although there are signs of improvement in free cash flow. The company needs to address its operational inefficiencies and improve cash generation to stabilize its financial position.

Income Statement

Vocento's income statement shows a declining revenue trend with a negative revenue growth rate of -9.47% in the TTM period. The company is experiencing negative net profit margins and EBIT margins, indicating operational challenges. Despite a high gross profit margin of 64.65% in the TTM, the overall profitability is weak due to significant losses at the net income level.

Balance Sheet

The balance sheet reflects moderate leverage with a debt-to-equity ratio of 0.59 in the TTM, which is an improvement from the previous year. However, the return on equity is negative, indicating inefficiencies in generating returns for shareholders. The equity ratio is stable, suggesting a balanced capital structure, but the negative ROE highlights profitability issues.

Cash Flow

Cash flow analysis reveals a challenging situation with negative operating cash flow and free cash flow in the TTM. Although there is a significant improvement in free cash flow growth, the operating cash flow to net income ratio is negative, indicating cash flow issues. The free cash flow to net income ratio is positive, suggesting some ability to cover net losses with free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	285.79M	342.00M	358.60M	341.24M	326.80M	313.46M
Gross Profit	184.76M	320.74M	164.85M	311.95M	254.98M	67.56M
EBITDA	-50.47M	-47.50M	40.09M	37.19M	45.30M	-161.00K
Net Income	-77.35M	-97.25M	4.01M	12.89M	13.62M	-21.75M
Balance Sheet
Total Assets	348.10M	355.73M	437.12M	430.07M	435.23M	476.46M
Cash, Cash Equivalents and Short-Term Investments	17.30M	19.14M	24.66M	15.30M	29.36M	25.18M
Total Debt	66.14M	77.95M	58.26M	45.08M	52.22M	92.02M
Total Liabilities	179.36M	194.16M	170.37M	161.93M	166.54M	220.21M
Stockholders Equity	112.81M	106.45M	208.50M	210.74M	204.51M	191.73M
Cash Flow
Free Cash Flow	-16.26M	-16.51M	7.80M	4.82M	29.25M	6.43M
Operating Cash Flow	-1.48M	-808.00K	21.02M	19.30M	41.96M	23.57M
Investing Cash Flow	17.74M	-9.65M	-8.81M	-17.40M	6.38M	-13.97M
Financing Cash Flow	-10.35M	4.94M	-2.85M	-23.10M	-44.15M	-2.13M

Vocento Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.64
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:VOC, the sentiment is Negative. The current price of 0.64 is below the 20-day moving average (MA) of 0.66, below the 50-day MA of 0.64, and below the 200-day MA of 0.66, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 45.93 is Neutral, neither overbought nor oversold. The STOCH value of 16.91 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ES:VOC.

Vocento Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
A3M	69 Neutral	€1.18B	10.22	14.87%	12.31%	-3.21%	-36.23%
VOC	56 Neutral	€75.93M	-0.99	-63.51%	5.70%	-6.41%	-905.11%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
PRS	48 Neutral	€484.52M	-27.48	―	―	-1.03%	59.06%