Added to YB: 2022-11-11
Pitch date: 2022-11-11
RCS.MI [bullish]
RCS MediaGroup S.p.A.
+73.52%
current return
Author Info
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 0.53
Price Target
N/A
Dividend
8.03%
EV/EBITDA
3.57
P/E
N/A
EV/Sales
0.65
Sector
Media
Category
turnaround
RCS MEDIAGROUP INVESTMENT THESIS
RCS.MI: Leading Italian publisher diversified across media. Owns top daily papers Corriere della Serra & La Gazzetta dello Sport. Spain biz incl El Mundo #2 daily, Marca sports leader. Turnaround by CEO Cairo, debt-free, 15% FCF margin. Digital 25% of rev +19% YoY. Trades ~2x FCF w/ 9.5% div yield. Risks: macro, subs. Upside: digital growth, re-rating to past takeout bids of €416-770M vs €350M mkt cap now.
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