Vocento, SA (ES:VOC)
BME:VOC
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Vocento
(BME:VOC)
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Rating:52Neutral
Price Target:
€0.84
▲(18.59% Upside)
Action:Reiterated
Date:05/23/26
The score is held back primarily by weak financial performance—sharp TTM revenue contraction, a return to losses, and negative operating/free cash flow. Technicals are supportive with price above major moving averages and positive MACD, but overbought RSI/Stoch temper the outlook. Valuation looks low on P/E, yet uncertainty remains due to recent earnings and cash-flow deterioration.
Positive Factors
Diversified media portfolio
Vocento's national and regional newspapers plus digital editions create a diversified audience footprint and multiple monetization channels. This structural reach supports recurring subscription potential, advertising inventory scale, and cross-sell of content/services, helping revenue stability over time.
Negative Factors
Sharp revenue contraction
A roughly 36.5% TTM revenue decline and return to operating and net losses signal structural pressure on advertising and circulation streams. Sustained top-line erosion undermines scale economics, compresses margins, and forces trade-offs between cost cuts and long-term product investment.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified media portfolio
Vocento's national and regional newspapers plus digital editions create a diversified audience footprint and multiple monetization channels. This structural reach supports recurring subscription potential, advertising inventory scale, and cross-sell of content/services, helping revenue stability over time.
Read all positive factors
Vocento (VOC) vs. iShares MSCI Spain ETF (EWP)
Market Cap
€97.01M
Dividend YieldN/A
Average Volume (3M)25.10K
Price to Earnings (P/E)―
Beta (1Y)0.27
Revenue Growth-0.55%
EPS Growth84.55%
CountryES
Employees2,775
SectorServices
Sector StrengthN/A
IndustryEntertainment
Share Statistics
EPS (TTM)-0.10
Shares Outstanding124,319,740
10 Day Avg. Volume23,237
30 Day Avg. Volume25,100
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)-0.02
Revenue Forecast (FY)€335.08M
Vocento Business Overview & Revenue Model
Company Description
Vocento (VOC) is a leading Spanish media group that operates across various sectors, including print and digital publishing, television, and online services. The company is known for its diverse portfolio of publications, which includes regional n...
How the Company Makes Money
Vocento primarily makes money by monetizing audiences and brands created through its newspapers and digital news products. Key revenue streams include: (1) Advertising revenue: sale of advertising inventory across print newspapers (display and cla...
Vocento Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
56
Neutral
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 242.96M | 334.02M | 342.00M | 358.60M | 341.24M | 326.80M |
| Gross Profit | 132.44M | 158.21M | 320.74M | 164.85M | 311.95M | 254.98M |
| EBITDA | -11.23M | 14.03M | -47.50M | 40.09M | 37.19M | 45.30M |
| Net Income | -11.75M | 6.66M | -97.25M | 4.01M | 12.89M | 13.62M |
Balance Sheet | ||||||
| Total Assets | 316.88M | 321.81M | 355.73M | 437.12M | 430.07M | 435.23M |
| Cash, Cash Equivalents and Short-Term Investments | 35.91M | 25.23M | 19.14M | 24.66M | 15.30M | 29.36M |
| Total Debt | 66.67M | 36.93M | 77.95M | 58.26M | 45.08M | 52.22M |
| Total Liabilities | 162.55M | 157.58M | 194.16M | 170.37M | 161.93M | 166.54M |
| Stockholders Equity | 97.10M | 106.99M | 106.45M | 208.50M | 210.74M | 204.51M |
Cash Flow | ||||||
| Free Cash Flow | -11.82M | -8.82M | -16.51M | 7.80M | 4.82M | 29.25M |
| Operating Cash Flow | -3.11M | 2.57M | -808.00K | 21.02M | 19.30M | 41.96M |
| Investing Cash Flow | 39.17M | 34.55M | -9.65M | -8.81M | -17.40M | 6.38M |
| Financing Cash Flow | 1.93M | -31.68M | 4.94M | -2.85M | -23.10M | -44.15M |
Vocento Technical Analysis
Neutral
0.71
Price Trends
0.77
Positive
0.73
Positive
0.69
Positive
Market Momentum
0.02
Positive
52.06
Neutral
21.12
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:VOC, the sentiment is Neutral. The current price of 0.71 is below the 20-day moving average (MA) of 0.82, below the 50-day MA of 0.77, and above the 200-day MA of 0.69, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 52.06 is Neutral, neither overbought nor oversold. The STOCH value of 21.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
62 Neutral | €1.16B | 13.01 | 11.53% | 12.71% | -2.74% | -48.37% | |
56 Neutral | €22.23B | -6.46 | -25.08% | 7.88% | -12.81% | -85.34% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
52 Neutral | €97.01M | -8.30 | -63.51% | ― | -0.55% | 84.55% | |
44 Neutral | €397.06M | -14.40 | 7.33% | ― | -1.65% | -76.00% |
* Services Sector Average
ES:VOC
Vocento
0.80
0.13
19.64%
ES:A3M
Atresmedia Corporacion de Medios de Comunicacion, S.A
5.14
-0.33
-6.07%
ES:PRS
Promotora de Informaciones
0.30
-0.09
-23.79%
ES:TEF
Telefonica
3.99
-0.46
-10.31%
ES:MAKS
Making Science Group SA
7.75
-1.35
-14.81%
ES:SEC
Secuoya Grupo de Comunicacion SA
30.40
6.80
28.80%
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.