Vocento, SA (ES:VOC)
BME:VOC
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Vocento
(BME:VOC)
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Rating:51Neutral
Price Target:
€0.68
▼(-3.80% Downside)
Action:ReiteratedDate:03/04/26
The score is held back mainly by weak cash generation (negative free cash flow) and unstable operating profitability despite the 2025 revenue rebound and improved leverage. Technical indicators are broadly neutral, while valuation is reasonable at a P/E around 11.
Positive Factors
Revenue rebound & modest net profit
A large revenue rebound and a return to modest net profitability signal recovery in core demand and pricing power. Over the medium term this top-line recovery provides cash generation potential and room to fund digital investments and structural initiatives that support durable revenue diversification.
Negative Factors
Weak cash generation & negative FCF
Negative free cash flow and minimal operating cash suggest earnings are not converting to cash, constraining the company’s ability to self-fund investments, pay down debt, or absorb shocks. Persistent cash deficits raise execution and liquidity risk over the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound & modest net profit
A large revenue rebound and a return to modest net profitability signal recovery in core demand and pricing power. Over the medium term this top-line recovery provides cash generation potential and room to fund digital investments and structural initiatives that support durable revenue diversification.
Read all positive factors
Vocento (VOC) vs. iShares MSCI Spain ETF (EWP)
Market Cap
€88.63M
Dividend YieldN/A
Average Volume (3M)25.10K
Price to Earnings (P/E)11.5
Beta (1Y)0.20
Revenue Growth-6.41%
EPS Growth-905.11%
CountryES
Employees2,775
SectorServices
Sector StrengthN/A
IndustryEntertainment
Share Statistics
EPS (TTM)0.09
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)€334.93M
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 generates revenue primarily through advertising, subscription fees, and content production. Key revenue streams include advertising sales from its newspapers, magazines, and digital platforms, which are bolstered by its large audience reac...
Vocento Financial Statement Overview
Summary
Income Statement
48
Neutral
Balance Sheet
62
Positive
Cash Flow
34
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 334.02M | 342.00M | 358.60M | 341.24M | 326.80M |
| Gross Profit | 158.21M | 320.74M | 164.85M | 311.95M | 254.98M |
| EBITDA | 14.03M | -47.50M | 40.09M | 37.19M | 45.30M |
| Net Income | 6.66M | -97.25M | 4.01M | 12.89M | 13.62M |
Balance Sheet | |||||
| Total Assets | 321.81M | 355.73M | 437.12M | 430.07M | 435.23M |
| Cash, Cash Equivalents and Short-Term Investments | 25.23M | 19.14M | 24.66M | 15.30M | 29.36M |
| Total Debt | 36.93M | 77.95M | 58.26M | 45.08M | 52.22M |
| Total Liabilities | 157.58M | 194.16M | 170.37M | 161.93M | 166.54M |
| Stockholders Equity | 106.99M | 106.45M | 208.50M | 210.74M | 204.51M |
Cash Flow | |||||
| Free Cash Flow | -8.82M | -16.51M | 7.80M | 4.82M | 29.25M |
| Operating Cash Flow | 2.57M | -808.00K | 21.02M | 19.30M | 41.96M |
| Investing Cash Flow | 34.55M | -9.65M | -8.81M | -17.40M | 6.38M |
| Financing Cash Flow | -31.68M | 4.94M | -2.85M | -23.10M | -44.15M |
Vocento Technical Analysis
Positive
0.71
Price Trends
0.68
Positive
0.68
Positive
0.66
Positive
Market Momentum
0.02
Negative
64.32
Neutral
66.67
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 0.71 is below the 20-day moving average (MA) of 0.72, above the 50-day MA of 0.68, and above the 200-day MA of 0.66, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 64.32 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 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 |
|---|---|---|---|---|---|---|---|
62 Neutral | €1.13B | 17.72 | 11.53% | 12.71% | -3.21% | -36.23% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
53 Neutral | €22.02B | -4.56 | -25.08% | 7.88% | -7.15% | -79.58% | |
51 Neutral | €88.63M | 11.50 | -63.51% | ― | -6.41% | -905.11% | |
40 Underperform | €403.76M | -17.63 | 7.33% | ― | -1.03% | 59.06% |
* Services Sector Average
ES:VOC
Vocento
0.74
0.09
13.85%
ES:A3M
Atresmedia Corporacion de Medios de Comunicacion, S.A
5.01
0.52
11.51%
ES:PRS
Promotora de Informaciones
0.30
-0.07
-19.14%
ES:TEF
Telefonica
3.90
0.24
6.50%
ES:MAKS
Making Science Group SA
7.70
-1.30
-14.44%
ES:SEC
Secuoya Grupo de Comunicacion SA
30.40
7.20
31.01%
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.