Métropole Télévision S.A.
🇫🇷 MMT.PA · Paris · FR0000053225
Communication Services
EUR 11.78 price at analysis
Scores
Key Metrics
Powered by EODHDP/E (TTM)
12.1
P/E (Price-to-Earnings)Shows how much investors pay for each $1 of profit. We display the TTM P/E (Trailing Twelve Months) which uses actual earnings from the last 4 quarters. This is more reliable than Forward P/E which uses analyst estimates.
Calculation: 11.78 ÷ 0.98 = 12.1
TTM period through: 2025-12-31
Forward P/E (estimated): 12.3
Based on analyst estimates
Reference: Provider P/E (Trailing): 12.0
Yield (Fwd)
10.61%
Dividend YieldThe Forward yield (Fwd) shows the next announced annual dividend / current price — what you'd earn going forward. The Trailing yield (TTM) in the tooltip shows dividends actually paid in the last 12 months. Forward is shown as primary because it reflects the company's current commitment to shareholders.
Trailing Yield (TTM): 10.68%
Net Debt/EBITDA (TTM)
-0.4x
Latest quarter: -0.8x
Net Debt / EBITDAA leverage ratio showing how many years of EBITDA (earnings before interest, taxes, depreciation, and amortization) it would take to repay net debt. EBITDA approximates operating cash generation. Lower ratios (e.g., <3x) are generally safer; higher (e.g., >5x) may indicate more financial risk.
TTM through: 2025-12-31
Latest quarter (2025-12-31): -0.8x
The quarterly value can spike when quarterly EBITDA is very low (e.g., one-time charges).
Quick guide: <2x manageable, >4x can be risky (sector-dependent).
Payout (Fwd)
128.1%
Payout RatioDividends as a percentage of earnings. The Forward payout (Fwd) uses the announced dividend divided by actual past earnings (TTM) — it tells you if the company can afford what it promised. Very high payouts can be risky, especially if profits fall.
Announced dividend / actual earnings (TTM)
Payout (TTM): 127.3%
Cash Flow Payout (TTM): 112.7%
FCF Coverage (TTM): 0.80x
ROE
8.1%
ROE (Return on Equity)A profitability measure: how much profit is generated from shareholders’ equity. Higher isn’t always better if it comes from high debt.
EV/EBITDA
4.6x
EV/EBITDAA valuation ratio that compares total business value (including debt) to EBITDA. Lower can mean cheaper, but context matters.
Summary
Métropole Télévision S.A. operates a major French broadcasting network facing severe structural headwinds as audiences shift from traditional linear television to digital streaming. While the 10.68% dividend yield and P/E of 12.07 appear tempting, the company's 5-year earnings decline and failure to cover the dividend with free cash flow indicate elevated risk. Not recommended for new positions, as the structural industry transition makes it an unsuitable fit for a conservative dividend strategy despite the attractive valuation metrics.
Sector Context
Métropole Télévision S.A. operates a major French broadcasting network, generating revenue primarily through traditional linear TV advertising. The traditional ad-supported media sector faces intense structural disruption from global digital streaming platforms, lacking the highly predictable, monopolistic cash flows and essential service characteristics preferred by conservative dividend strategies.
📊 Strategy Analysis
- • Trading at an optically attractive P/E of 12.07, which sits within the target valuation range
- • Maintains a highly conservative balance sheet with a net cash position (Net Debt/EBITDA of -0.40x)
- • Offers a high current dividend yield of 10.68%, though sustainability is questionable
⚠ What to Watch
- • Core broadcasting business faces severe structural decline, evidenced by a 5-year EPS CAGR of -15.1% and continuous revenue contraction over the last 5 quarters
- • Dividend sustainability is highly vulnerable, as free cash flow fails to cover current obligations (FCF coverage of 0.80) and forward payout ratio exceeds 128%
- • Profitability is deteriorating significantly, with net margins contracting to 9.8% compared to the 5-year historical average of 14.6%
- • Traditional ad-supported media lacks the monopolistic characteristics and essential service traits required for a conservative dividend strategy
📊 Historical Trends (10 Years)
Powered by EODHDThese charts show how key metrics have evolved over the past decade, helping you identify if the company is improving or deteriorating.
Debt Evolution (Net Debt / EBITDA)
Lower values are better. A declining trend indicates the company is reducing its debt (deleveraging).
Revenue & Earnings Growth
Consistent growth in revenueRevenue
The money a company brings in from selling its products or services. It’s the top line before costs. (blue) and earningsEarnings (Profit)
What’s left after expenses. Positive earnings mean the business made a profit; negative means a loss. (green) indicates a healthy business. Look for upward trends and recoveries after temporary dips.
Dividend Sustainability (FCF vs Dividends Paid)
Free cash flowFree Cash Flow
Cash left after the company pays for running the business and maintaining it. Often used to fund dividends, pay debt, or buy back shares. (FCFFCF (Free Cash Flow)
Short for Free Cash Flow: cash left after operating needs and maintenance spending., blue) should cover dividends paidDividends Paid
Cash the company paid out to shareholders. It’s not guaranteed and can change over time. (green). If dividends consistently exceed FCFFCF (Free Cash Flow)
Short for Free Cash Flow: cash left after operating needs and maintenance spending., the dividend may be at risk.
Analysis date: 2026-04-05
Disclaimer: This information is for educational purposes only. Not financial advice.