Mediaset S.p.A. is a joint stock company. Co.'s majority shareholder is Fininvest S.p.A. Mediaset is a multinational media group. Its core business is commercial television broadcasting in Italy and Spain. In Italy, Co. has two main areas of business: Integrated television operations and Network infrastructure services and management. In Spain, Co. is the main shareholder of Mediaset Espana, a Spanish commercial television broadcaster with two main general interest channels (Telecinco and Cuatro) and a range of six free-to-air thematic channels.
  • TickerMS
  • ISINIT0001063210
  • SectorMedia
  • CountryItaly

Analysts

Charles Lepetitpas ...
  • Christophe Chaput
  • Emmanuel Matot
  • Geoffroy Michalet
  • Jean Sassus
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Martial Descoutures
  • Nicolas Thorez
  • Nicolas David
  • Oussema Denguir
  • Pierre Corby
  • Steven Gould

ODDO BHF Small & MIDCAP MORNING NEWS - 03/13/2019

Offshore and FPSO-type floating production systems will remain key for the future balance of the oil market. Between now and 2035, new offshore projects producing an additional 20 mb/d will have to be launched! We expect an acceleration in momentum in this segment after several years of underinvestment. SBM Offshore, on which we adopt a Buy recommendation (vs Neutral) with a target price of € 22, is the key player in this segment in our view. We remain more cautious on players with a ...

Charles Lepetitpas ...
  • Christophe Chaput
  • Emmanuel Matot
  • Geoffroy Michalet
  • Jean Sassus
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Martial Descoutures
  • Nicolas Thorez
  • Nicolas David
  • Oussema Denguir
  • Pierre Corby
  • Steven Gould

ODDO BHF Small & MIDCAP MORNING NEWS - 13/03/2019

...

Jerôme Bodin

Mediaset : 2018 results broadly in line, advertising trend still challenging in Italy

>2018 results in line with our forecasts - Yesterday, Mediaset reported 2018 results in line with our forecasts (adjusted EBIT of € 347m vs our estimate of € 345m and € 370m for the consensus). The group delivered a cautious message for 2019, alluding to very low visibility and a very challenging macroeconomic environment in Italy. We forecast a 4% contraction in advertising revenues in 2019 (including the impact of the discontinued contract for the A Series). Final...

Jerôme Bodin

Mediaset : Résultats 2018 globalement en ligne, tendance publicitaire toujours difficile en Italie

>Résultats 2018 en ligne avec nos attentes - Mediaset a publié hier ses résultats 2018 ressortis en ligne avec nos attentes (EBIT ajusté de 347 M€ alors que nous tablions sur 345 M€ et le consensus sur 370 M€). Le groupe a délivré un message prudent sur 2019, évoquant une visibilité très faible et un environnement macroéconomique difficile en Italie. Nous tablons sur une baisse du CA publicitaire de 4% en 2019 (incluant l’effet de l’arrêt du contrat de la Serie A). ...

MEDIASET SPA sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of MEDIASET SPA (IT), a company active in the Broadcasting & Entertainment industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date March 8, 2019, the closing price was EUR 2.80 and its potential was estimated at EUR 3.21.

Jerôme Bodin

Mediaset : 2018 results broadly in line, advertising trend still challenging in Italy

>2018 results in line with our forecasts - Yesterday, Mediaset reported 2018 results in line with our forecasts (adjusted EBIT of € 347m vs our estimate of € 345m and € 370m for the consensus). The group delivered a cautious message for 2019, alluding to very low visibility and a very challenging macroeconomic environment in Italy. We forecast a 4% contraction in advertising revenues in 2019 (including the impact of the discontinued contract for the A Series). Final...

Jerôme Bodin

Mediaset : Résultats 2018 globalement en ligne, tendance publicitaire toujours difficile en Italie

>Résultats 2018 en ligne avec nos attentes - Mediaset a publié hier ses résultats 2018 ressortis en ligne avec nos attentes (EBIT ajusté de 347 M€ alors que nous tablions sur 345 M€ et le consensus sur 370 M€). Le groupe a délivré un message prudent sur 2019, évoquant une visibilité très faible et un environnement macroéconomique difficile en Italie. Nous tablons sur une baisse du CA publicitaire de 4% en 2019 (incluant l’effet de l’arrêt du contrat de la Serie A). ...

Jerôme Bodin

Mediaset : Update to our estimates on back of Mediaset España's earnings release

>Our estimates lowered for 2018 and 2019 - Following Mediaset España’s earnings release, we are adjusting our forecasts for Mediaset. Our adjustments are as follows: 1/ a downward revision to advertising revenues since the Q4 trends is probably a little more challenging (-2.5% forecast vs -0.5% initially); 2/ and our cost forecasts are slightly reduced but the group had already provided specific guidance given the end of the contract for the A Series in football. The ...

Jerôme Bodin

ODDO : TV in Spain, advertising market and cost base stable in 2019

>Sluggish advertising trend in January and February and improvement in March - Mediaset España and Atresmedia held conference calls yesterday following the publication of their Q4 results. The two groups confirmed that the advertising trend is likely to be slightly negative for 2019 with Q1 roughly stable. The first half should be lifted by the date on which Easter falls (in Q2). This amounts to a small sequential improvement after a fall of 0.8% in Q4. They also gave...

Jerôme Bodin

Mediaset : Mise à jour de nos estimations suite à la publication de Mediaset España

>Baisse de nos estimations en 2018 et 2019 - Nous profitons de la publication de Mediaset España pour mettre à jour nos attentes pour Mediaset. Nous avons notamment ajusté : 1/ en baisse nos attentes de CA publicitaire, au regard d’une tendance probablement un peu plus difficile sur le T4 (-2.5% attendus vs -0.5% initialement) ; 2/ et nos prévisions de coûts sont légèrement abaissées mais le groupe avait déjà indiqué des guidances précisions au regard de la fin du con...

Two Directors bought 30,000,000 shares at 3.669EUR.

Two Directors at Mediaset Spa bought 30,000,000 shares at 3.669EUR. The significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The name...

Charles Lepetitpas ...
  • Christophe Chaput
  • Emmanuel Matot
  • Geoffroy Michalet
  • Jean Sassus
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Martial Descoutures
  • Nicolas Thorez
  • Nicolas David
  • Oussema Denguir
  • Pierre Corby
  • Steven Gould

ODDO BHF Small & MIDCAP MORNING NEWS - 03/13/2019

Offshore and FPSO-type floating production systems will remain key for the future balance of the oil market. Between now and 2035, new offshore projects producing an additional 20 mb/d will have to be launched! We expect an acceleration in momentum in this segment after several years of underinvestment. SBM Offshore, on which we adopt a Buy recommendation (vs Neutral) with a target price of € 22, is the key player in this segment in our view. We remain more cautious on players with a ...

Charles Lepetitpas ...
  • Christophe Chaput
  • Emmanuel Matot
  • Geoffroy Michalet
  • Jean Sassus
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Martial Descoutures
  • Nicolas Thorez
  • Nicolas David
  • Oussema Denguir
  • Pierre Corby
  • Steven Gould

ODDO BHF Small & MIDCAP MORNING NEWS - 13/03/2019

...

Ahmed Ben Salem ...
  • Alain William
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Christophe Chaput
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • Jerôme Bodin
  • Laurence Hofmann
  • Louis Boujard
  • Matthias Desmarais
  • Olfa Taamallah
  • Olivier Lebrun
  • Philippe Ourpatian
  • Pierre Tegner
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/01/2019

Unlike CEO pay, the average remuneration paid to the chairs of the boards of directors of the large cap companies covered by ODDO BHF increased by 4.9% between 2013 and 2017. The disparities between companies stem mainly from national contexts and widely differing perceptions of the role of the board chair depending on the countries, though for certain stocks the ownership structure and sector situation may have an influence. Cf. Report published last evening. - ...

Alain William ...
  • Baptiste Lebacq
  • Charles Lepetitpas
  • Christophe Chaput
  • Fatma Agnès Hamdani
  • Geoffroy Michalet
  • Hela Zarrouk
  • Jeremy Garnier
  • Jerôme Bodin
  • Martial Descoutures
  • Nicolas David
  • Nicolas Thorez
  • Olfa Taamallah
  • Olivier Lebrun
  • Oussema Denguir
  • Pierre Corby
  • Rémi Adam
  • Salma Bouraoui
  • Stephane Houri
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 03/01/2019

...

Alain William ...
  • Baptiste Lebacq
  • Charles Lepetitpas
  • Christophe Chaput
  • Fatma Agnès Hamdani
  • Geoffroy Michalet
  • Hela Zarrouk
  • Jeremy Garnier
  • Jerôme Bodin
  • Martial Descoutures
  • Nicolas David
  • Nicolas Thorez
  • Olfa Taamallah
  • Olivier Lebrun
  • Oussema Denguir
  • Pierre Corby
  • Rémi Adam
  • Salma Bouraoui
  • Stephane Houri
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 01/03/2019

...

MEDIASET SPA sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of MEDIASET SPA (IT), a company active in the Broadcasting & Entertainment industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date March 8, 2019, the closing price was EUR 2.80 and its potential was estimated at EUR 3.21.

Ng Adrian

Mediaset

Ng Adrian

Mediaset

Ng Adrian

Mediaset

Ng Adrian

Mediaset

Expert Corporate Governance Service (ECGS)

Etude de l'AG du 28/06/2017

In item 2, shareholders are called to an advisory vote on the Company's remuneration policy. The Company has improved the quality of disclosure and we welcome the elimination of discretionary bonuses. Extraordinary bonuses are still allowed, but only in the connection with significant M&A transactions, and according to the Company's policy extraordinary bonuses may not exceed the maximum amount of the annual bonus. The variable remuneration is reasonable: the annual cash bonus is capped at 23% of the CEO's remuneration and the long-term performance share plan is capped at 36%. Taking into acco...

Louis AZAIS

Short term view - MEDIASET : The moving average is supporting prices.

Peaks and troughs are not clearly tilted, the trend is neutral. Prices are consolidating.Arguments :- The moving average is supporting prices.

Louis AZAIS

Analyse court terme - MEDIASET : La moyenne mobile sert de support.

Les sommets et les creux ne sont pas particulièrement inclinés, la tendance est neutre. Les cours consolident.Arguments :- La moyenne mobile sert de support.

Louis AZAIS

Short term view - MEDIASET : The descending resistance has been breached.

The previous high has been passed, the bullish trend is confirmed. The next target is at €3.500. The invalidation level is below €3.181.Arguments :- The descending resistance has been breached.- Prices are breaking above the moving average, it is a sign of strength.- The bullish gap opened as prices break out of the pattern announces a rally.

Louis AZAIS

Analyse court terme - MEDIASET : La résistance descendante est dépassée.

Le précédent sommet vient d'être franchi, ceci confirme la tendance haussière. Le prochain objectif est à 3,500 €. Le niveau d'invalidation est sous 3,181 €.Arguments :- La résistance descendante est dépassée.- Les prix dépassent la moyenne mobile, c'est un signal de force.- Le gap haussier ouvert en sortie de figure annonce la hausse.

Louis AZAIS

Short term view - MEDIASET : The descending resistance is close.

The trend remains neutral. Prices will have to break below the peak at €2.810 for the trend to be negative again with an invalidation level above €3.181.Arguments :- The descending resistance is close.

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