Professional
Added to YB: 2024-12-02
Pitch date: 2024-11-28
RCS.MI [bullish]
RCS MediaGroup S.p.A.
+16.84%
current return
Author Info
Special Situation Investments focuses on event-driven trades and low risk arbitrage opportunities with short term catalysts. Sign up for the newsletter.
Company Info
RCS MediaGroup S.p.A. provides multimedia publishing services in Italy and internationally. The company publishes newspapers under the Corriere della Sera, Corriere Salute, SOLFERINO, Buone Notizie, Dataroom, La Gazzetta dello Sport, El Mundo, Marca, Expansión, L’Economia, La Lettura, ViviMilano, CI-Corriere Innovazione, and Gazzetta Selection names; and magazines in the women, oggi, interior design, men and lifestyle, travel, and other areas under the MARCA MOTOR, Oggi, AMICA, 7, Abitare, Living, Style, TELVA, Io Donna, DOVE, Sportweek, Insieme, Metrópoli, ACTUALIDAD ECONÓMICA, Fuera de Serie, Italian Style, Io e il mio Bambino, SFERA editore, Oggi Cucino, Style Piccoli, Quimamme, Yo Dona, Sano & Leggero, Bimbinfiera, and Oggi Enigmistica names.
Market Cap
EUR 384.0M
Pitch Price
EUR 0.79
Price Target
N/A
Dividend
8.03%
EV/EBITDA
3.57
P/E
N/A
EV/Sales
0.65
Sector
Media
Category
special_situation
RCS.MI: Undervalued Italian Media Giant with Strong Dividends and Spin-Off Catalysts
RCS.MI: Leading Italian/Spanish media group. 4x TTM EBITDA, 7% div yield. Digital transformation ongoing. Giro d'Italia demerger could unlock 20-40% of EV. Post-demerger, newspaper biz at <3.5x EBITDA. Top assets: Corriere della Sera, La Gazzetta dello Sport, El Mundo, Marca. FCF positive, value unlock potential.
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