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Métropole Télévision S.A (MMT) Fair Value & Analysis

Communication Services · FR · Market cap €1.5B

MT Métropole Télévision S.A MMT · PA
Price€12.04
Fair Value€15.96
Upside+32.6%
Quality62/100
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Weak Growth
Thin margins · 9.8% net margin
Low debt · generates free cash flow
10.38% dividend yield
Ranks above peers (10/15)
Moderate moat 51/100
Evidence: High Range €11.75 – €20.64 Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated yesterday

Fair value updated Aug 13, 2026, revised from €16.37 to €15.96 (−2.5%) since Jul 16, 2026. Share price +1.2% over the past month.

A solid business, screening 33% undervalued on our models.

What matters now

  • Solid quality (62/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Our model range runs from €11.75 (bear) to €20.64 (bull), base €15.96. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 62/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

€12.84 €6.91 Fair Value €15.96 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range €6.91 – €12.84 · fair‑value band €11.75 – €20.64 · the €12.04 price screens below the €15.96 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Métropole Télévision S.A (MMT) currently trades at €12.04, while our model-based Fair Value estimate is €15.96, implying the stock looks roughly 32.6% undervalued today. The Quality Score stands at 62/100 (solid quality), in the Communication Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Métropole Télévision S.A generated revenue of €1.3B at a net margin of 9.8%. Revenue declined 4.8% year over year. It earns a return on equity of 8.1%. The balance sheet holds a net cash position of €111M. Fundamentals as of Aug 13, 2026

Our scenario range runs from €11.75 (bear case) to €20.64 (bull case); at €12.04, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 2% below its 52-week high and 22% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -1% fair-value upside, at 33%, MMT screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF €10.11 €12.46 €16.11 80
Residual Income €8.50 €9.19 €10.26 76
Rev-Margin DCF €11.22 €16.02 €21.87 74
All 24 models by family
DCF Models
FCF DCF €9.85 €12.33 €16.49 38
Owner Earnings €14.60 €18.52 €25.10 31
5Y Revenue Exit €11.22 €15.80 €22.46 39
5Y EBITDA Exit €13.85 €20.34 €28.94 41
5Y P/E Exit €13.06 €18.99 €26.05 38
10Y Revenue Exit €10.30 €13.42 €16.77 36
10Y EBITDA Exit €12.02 €15.99 €20.24 37
10Y P/E Exit €11.58 €15.22 €18.70 35
Earnings-Based
Graham-Dodd €6.68 €8.16 €9.18 54
EPV €8.36 €9.28 €10.03 59
Dividend Discount
Gordon GGM €9.71 €10.47 €11.60 70
DDM Multi-Stage €9.71 €11.56 €13.95 61
Multiples
P/E Multiple €16.21 €21.61 €27.01 63
P/S Multiple €12.52 €16.70 €20.87 58
P/B Multiple €12.52 €16.70 €20.87 55
EV/EBIT €16.92 €22.00 €27.07 53
EV/EBITDA €19.52 €25.47 €31.41 54
EV/Revenue €13.24 €18.19 €23.14 43
Asset-Based
NCAV (Graham) €5.14 €6.88 €10.27 50
Growth DCF
Growth DCF €10.11 €12.46 €16.11 80
Rev-Margin DCF €11.22 €16.02 €21.87 74
Economic Profit
Residual Income €8.50 €9.19 €10.26 76
ROIC Compounder €8.36 €9.28 €10.03 72
Growth Earnings
Growth-Adj P/E €11.42 €16.32 €21.21 68

Widest divergence: Multiples (€18.19) versus Asset-Based (€6.88). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €1.3B
Revenue growth (YoY) -4.8%
Net margin 9.8%
Return on equity 8.1%
Free cash flow €126M FY2025
P/E ratio 12.3
More key figures
Operating margin 15.2%
EPS (TTM) €0.9800
Dividend yield 10.4%
EPS growth (YoY) -26.7%
Net cash €111M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 62/100

Of which business quality 61 · Market factors (momentum, volatility) 62

Profitability 41
Margins and returns on capital today
Quality Growth 15
Are margins and returns improving?
Cashflow 58
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 87
Calm price path (market factor)
Momentum 51
Price trend over the last 3–12 months (market factor)
52W Momentum 52
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Métropole Télévision S.A. operates as a multimedia group in France. It operates through Video, Audio, Production and Audiovisual Rights, and Diversification segments.

Full company description

Métropole Télévision S.A. operates as a multimedia group in France. It operates through Video, Audio, Production and Audiovisual Rights, and Diversification segments. The company operates free-to-air channels, including M6, W9, 6TER, and Gulli; pay channels, such as Paris Première, Téva, sérieclub, M6 Music, MCM Top, Canal J, Tiji, and RFM TV; non-linear TV comprising M6+, M6+ Max, Gulli Max, and Gulli Replay; and production of current affairs magazines, such as Capital, Zone Interdite, Enquête Exclusive, 66 Minutes, Turbo, Un jour, Undoc, W9, and 6ter. It also operates radio stations that include RTL, RTL2, and Fun Radio; produces and co-produces films for cinema, TV, and Internet; and operations relating to the distribution of audiovisual film rights. In addition, the company is involved in property franchisees; technical platforms; digital production and publishing; production of animated feature films; distribution of films to movie theatres; and acting as an internet content and access provider. Furthermore, it engages as an estate agent; sports; event production; print publication; children's indoor play centers; and development of cinematographic works. Métropole Télévision S.A. was incorporated in 1986 and is headquartered in Neuilly-sur-Seine, France.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Métropole Télévision S.A reported revenue of €1.3B in FY2025 versus €1.4B in FY2021, a compound −2.5%/yr. Reported net income was €123M in FY2025, compounding −18.6%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€1.3B
Latest YoY
−4.2%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−2.5%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−0.3%
Avg. growth/yr (21Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+1.0%
Revenue −2.5%/yr
FY21 €1.4B
FY22 €1.4B
FY23 €1.3B
FY24 €1.3B
FY25 €1.3B
Net income −18.6%/yr
FY21 €281M
FY22 €162M
FY23 €237M
FY24 €173M
FY25 €123M
Character of growth · EPS growth decomposed (2014-2025) +3.5 % p.a.
Revenue per share +0.3 pp

of which total revenue +0.3 pp · buybacks/dilution +0.0 pp

EBIT margin +0.4 pp
Tax rate +2.2 pp
Residual (interest, one-offs) +0.6 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Métropole Télévision S.A Fair Value". https://www.fairvalue-calculator.com/stock/MMT

Peer Group

Broadcasting · 67 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 62 · Top 25%
Fair Value upside +32% · Above median
Return on equity (TTM) 8% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 10% · Top 25%
Operating margin (TTM) 15% · Top 25%
Revenue growth -5% · Below median
Dividend yield (TTM) 10.4% · Top 25%
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Broadcasting median · lower = cheaper

P/E (TTM) 12.3× · Cheaper than median
P/B 1.34× · Pricier than median
P/S (TTM) 1.38× · Pricier than 75% of peers
P/FCF 13.7× · Pricier than 75% of peers
EV/EBITDA 7.0× · Cheaper than median
PEG 3.77× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 76 · sector 32
FUTURE 0 · sector 0
PAST 32 · sector 3
HEALTH 100 · sector 96
DIVIDEND 100 · sector 47

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Broadcasting stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Nexstar Media Group NXST $185.14 $151.97 -18%
SES S.A SESG €5.43 €18.90 +248%
PT Elang Mahkota Teknologi Tbk, through its subsidiaries, EMTK 500.00 IDR 1,094 IDR +119%
MFE-Mediaforeurope N.V MFEB €3.62 €5.38 +49%
Jiangsu Broadcasting Cable Information Network Corporation 600959 ¥3.10 ¥1.14 -63%
Sun TV Network Limited SUNTV ₹487.90 ₹586.58 +20%
MBC Group 4072 20.43 SAR 19.24 SAR -6%
Beijing Gehua Catv Network Co 600037 ¥7.15 ¥3.64 -49%
PT Surya Citra Media Tbk, SCMA 200.00 IDR 198.19 IDR -1%
Zee Entertainment Enterprises Limited ZEEL ₹97.52 ₹53.22 -45%

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Frequently asked questions

Is Métropole Télévision S.A (MMT) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of €15.96 versus a price of €12.04, about +33% (undervalued).
What is the fair value of MMT?
Our model-based fair value for Métropole Télévision S.A is €15.96 (as of Aug 13, 2026), built from audited fundamentals. The current price is €12.04.
What is the quality score of MMT?
Métropole Télévision S.A has a Quality Score of 62/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Métropole Télévision S.A (MMT)?
Métropole Télévision S.A reported trailing-twelve-month revenue of about €1.3B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of MMT?
The net profit margin of Métropole Télévision S.A is about 9.8%, meaning it keeps roughly 9.8% of revenue as net income. Based on the latest reported figures.
Does Métropole Télévision S.A pay a dividend?
Métropole Télévision S.A currently shows a dividend yield of about 10.89% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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