Vocento (VOC) AI Stock Analysis

• Market Cap: €76.41M
• Dividend Yield: 5.71%
• Average Volume (3M): 26.62K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.52
• Revenue Growth: -7.49%
• EPS Growth: -4893.28%
• Country: ES
• Employees: 2,775
• Sector: Services
• Sector Strength: N/A
• Industry: Entertainment
• EPS (TTM): -0.02
• Shares Outstanding: 124,319,740
• 10 Day Avg. Volume: 26,185
• 30 Day Avg. Volume: 26,622
• 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: €0.50
• Price Target Upside: -23.08% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 48 Neutral
• Price Target: €0.50 ▼(-23.08% Downside)

Vocento's overall stock score is primarily impacted by its weak financial performance and valuation concerns. The company faces significant profitability and cash flow challenges, reflected in its negative P/E ratio. Technical indicators suggest neutral momentum, with potential for slight improvement. The high dividend yield is a positive aspect, but it is overshadowed by the financial difficulties.

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 faces significant financial challenges, primarily driven by declining revenues and profitability, as well as deteriorating cash flow performance. The increasing leverage and negative cash flows pose risks to financial stability.

Income Statement

Vocento has experienced substantial revenue declines in recent years, and the latest year shows a significant drop in net income, resulting in a negative net profit margin. The company's gross profit margin remains healthy, but operating losses have led to negative EBIT and EBITDA margins in the latest period, indicating challenges in managing operational costs efficiently.

Balance Sheet

The balance sheet reflects a moderate level of leverage with an increasing debt-to-equity ratio over the years. Stockholders' equity has declined, impacting the equity ratio negatively. However, the company maintains a reasonable level of total assets, and there is potential for improvement in financial health if operational profitability is restored.

Cash Flow

Cash flow from operations turned negative in the latest year, and free cash flow has decreased significantly, reflecting cash management struggles. The free cash flow to net income ratio is unfavorable due to the negative cash flows, indicating a need for better cash flow management to support long-term sustainability.

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: Positive
• Last Price: 0.65
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 0.65 is above the 20-day moving average (MA) of 0.63, above the 50-day MA of 0.63, and below the 200-day MA of 0.66, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 63.98 is Neutral, neither overbought nor oversold. The STOCH value of 92.99 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ES:VOC.

Vocento Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
A3M	77 Outperform	€1.27B	11.04	14.87%	11.63%	-3.21%	-36.23%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
PRS	48 Neutral	€497.97M	―	―	―	-3.40%	50.24%
VOC	48 Neutral	€76.41M	―	-61.32%	5.71%	-7.49%	-4893.28%

Vocento Corporate Events

Vocento Sells El Sur de Málaga Headquarters for Strategic Optimization

Vocento, S.A., through its subsidiary Prensa Malagueña, S.A., has sold the headquarters of El Sur de Málaga to a real estate company of the HM Hospitales Group for 11 million euros. This sale is part of Vocento’s strategic plan to optimize its real estate assets and improve its financial position, with an estimated net gain of 9 million euros before taxes.