Métropole Télévision S.A. (MMT.PA) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+122.9%

€22.29

vs €10.00 price

Levered DCF

€20.28

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

2.35

Grey zone

Rating

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	12.43×	8.2×	6.96×	12.09×	7.73×	6.05×	12.25×	10.1×
P/B	1.19×	1.07×	1.25×	1.62×	1.88×	1.58×	2.75×	2.48×
P/S	1.23×	1.08×	1.24×	1.43×	1.56×	1.31×	1.46×	1.25×
EV / EBITDA	5.03×	3.67×	3.4×	5.02×	4.4×	3.54×	5.78×	5.88×
Gross margin	26.0%	27.6%	32.8%	33.7%	31.7%	31.1%	31.6%	30.3%
Operating margin	12.7%	17.7%	23.2%	23.3%	24.0%	20.5%	19.2%	18.8%
Net margin	9.8%	13.2%	17.8%	11.9%	20.2%	21.7%	11.9%	12.3%
Current ratio	1.79×	2.1×	2.14×	2.05×	1.77×	1.79×	1.35×	1.43×
Debt / equity	0.08×	0.08×	0.11×	0.12×	0.14×	0.15×	0.28×	0.15×
Interest coverage	0×	66.43×	0×	117.3×	119.39×	63.8×	82.21×	133.55×
Dividend yield	10.2%	11.4%	8.1%	6.8%	8.7%	0.0%	5.9%	6.8%
Payout ratio	127.3%	93.5%	56.6%	81.8%	67.4%	0.0%	72.6%	68.9%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	9.6%	13.1%	17.9%	13.5%	24.3%	26.1%	22.4%	24.3%
Return on invested capital	7.1%	11.0%	14.3%	14.6%	17.8%	15.4%	15.5%	20.4%
Return on assets	6.2%	8.4%	11.4%	8.0%	13.2%	14.9%	9.8%	11.6%
Free cash flow yield	8.2%	13.3%	13.7%	11.4%	16.5%	10.3%	8.2%	14.2%
Earnings yield	8.0%	12.2%	14.4%	8.3%	12.9%	16.5%	8.2%	9.8%
Enterprise value	€1.4B	€1.2B	€1.3B	€1.7B	€2B	€1.6B	€2.3B	€1.7B
Net debt / EBITDA	-0.39×	-0.71×	-0.78×	-0.67×	-0.42×	-0.08×	0.43×	-0.09×
Cash conversion cycle (days)	60	35	39	43	36	62	42	-150