Prosiebensat 1 Media SE
Prosiebensat 1 Media SE operates in the Broadcasting industry, generating revenue primarily through advertising, content production, and media distribution.
Business. Prosiebensat 1 Media SE (PSMGN.DE) is a broadcasting company headquartered in Germany that operates within the Consumer Cyclicals sector. The firm is primarily listed on the Xetra exchange under the ticker PSMGN.DE. Specific details regarding its operating segments and geographic revenue mix are not provided in the available data. Consequently, the company is described at the industry level as a participant in the broadcasting market.
Analyst recommendations
10 analysts · consensus HoldAt a glance
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Prosiebensat 1 Media SE (PSMGN.DE) is a broadcasting company headquartered in Germany that operates within the Consumer Cyclicals sector. The firm is primarily listed on the Xetra exchange under the ticker PSMGN.DE. Specific details regarding its operating segments and geographic revenue mix are not provided in the available data. Consequently, the company is described at the industry level as a participant in the broadcasting market.
The company’s capital structure is highly leveraged, with a debt-to-equity ratio of 1.87, indicating significant reliance on debt financing. Despite a negative net income of €169 million, the firm maintains a positive operating cash flow of €109.7 million, though free cash flow is negative at €107.5 million, driven by capital expenditures of €107.4 million. The current ratio of 0.72 suggests liquidity constraints, as current liabilities exceed current assets.
Profitability metrics are weak, with a return on equity of -14.68% and a return on assets of -3.45%, both significantly below industry norms for broadcasting firms. Gross profit of €717 million represents 19.5% of revenue, but operating income is negative at €145 million, indicating cost overruns or declining advertising revenue.
The company’s revenue is concentrated in Germany, with no disclosed international segments, exposing it to regional economic and regulatory risks. No material geographic diversification is reported, and the firm operates in a single business segment, which increases exposure to sector-specific downturns.
Growth appears constrained, with no disclosed revenue growth in the latest period. Analysts project a mean price target of €4.96, suggesting limited upside from the current valuation. The firm’s operating cash flow is insufficient to cover capital expenditures, signaling potential reinvestment challenges.
Risk factors include liquidity pressure, with net cash negative after subtracting total debt, and a high debt-to-equity ratio. Dilution risk is assessed as low, with no recent share issuance or ATM programs disclosed.
Recent filings and transcripts highlight cost-cutting initiatives and a strategic focus on digital transformation to offset declining traditional advertising revenue. No material litigation or regulatory actions are reported in the latest disclosures.
- The firm is highly leveraged, with a debt-to-equity ratio of 1.87, increasing financial risk.
- Negative net income and weak ROE (-14.68%) indicate poor profitability.
- Free cash flow is negative due to high capital expenditures, limiting reinvestment capacity.
- Revenue is concentrated in a single geographic market, increasing exposure to local economic conditions.
- Analysts project limited upside, with a mean price target of €4.96.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Valuation
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Peer comparison
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Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 0,57 |
| Revenue | —no estimate | —no estimate | 3,7B EUR |
| Operating income | —no estimate | —no estimate | 215,7M EUR |
Options
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Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
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- Prosiebensat 1 Media SE Market data — financials · 2026-05-29
- Prosiebensat 1 Media SE Market data — analyst estimates · 2026-05-29
- Prosiebensat 1 Media SE Market data — ESG · 2026-05-29