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

Communication Services · FR · Market cap €1.5B · ISIN FR0000053225

What is Métropole Télévision S.A. really worth?

MT Métropole Télévision S.A. MMT · PA
Price€12.08
Fair Value€15.96
Upside+32.1%
Quality62/100

A solid business, trading 24% below our fair value of €15.96.

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Strengths

Low debt · generates free cash flow
Ranks above peers (10/15)

Risks

!Weak Growth (revenue 5y −0.3 %/yr)
!Thin margins · 9.8% net margin
!Moderate moat 51/100

For context

·10.35% dividend yield
Evidence: High Range €11.75 – €20.64

Fair value as of: Aug 25, 2026

From 24 valuation models · updated 11 days ago

Share price +1.5% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • Solid quality (62/100) at a price below fair value, the discount is the argument here, not the business quality.
  • The price sits in the lower half of our model range, the side with the larger margin of safety.
  • The data supports the verdict: every model runs on fully documented inputs.

Price vs Fair Value (5 years)

€12.84 €6.91 Fair Value €15.96 Jul 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 25, 2026.

How to read this chart

60‑month range €6.91 – €12.84 · fair‑value band €11.75 – €20.64 · the €12.08 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 25, 2026.

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Analysis

Métropole Télévision S.A. (MMT) currently trades at €12.08, while our model-based Fair Value estimate is €15.96, implying the stock looks roughly 24.3% undervalued today. The Quality Score stands at 62/100 (solid quality), in the Communication Services sector. Bull case: the Multiples group reads highest at a median of €18.19 per share, and 17 of the 24 models we run sit above the €12.08 price. Bear case: the Asset-Based group reads lowest at €6.88, and 7 of the 24 models stay below the price. Evidence for this calculation is high.

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 25, 2026

Our scenario range runs from €11.75 (bear case) to €20.64 (bull case); at €12.08, 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 1% below its 52-week high and 23% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at −8% fair-value upside, at 32%, 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, family-balanced 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. Every input is real reported data, nothing guessed.

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
FCF DCF best evidence €9.85 €12.33 €16.49 82
Growth DCF €10.11 €12.46 €16.11 80
Owner Earnings €14.60 €18.52 €25.10 78
All 24 models by family
DCF Models
FCF DCF best evidence €9.85 €12.33 €16.49 82
Owner Earnings €14.60 €18.52 €25.10 78
5Y Revenue Exit €11.22 €15.80 €22.46 73
5Y EBITDA Exit €13.85 €20.34 €28.94 75
5Y P/E Exit €13.06 €18.99 €26.05 71
10Y Revenue Exit €10.30 €13.42 €16.77 68
10Y EBITDA Exit €12.02 €15.99 €20.24 70
10Y P/E Exit €11.58 €15.22 €18.70 65
Earnings-Based
Graham-Dodd €6.68 €8.16 €9.18 67
EPV €8.36 €9.28 €10.03 74
Dividend Discount
Gordon GGM €9.71 €10.47 €11.60 69
DDM Multi-Stage €9.71 €11.56 €13.95 67
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 66
EV/EBITDA €19.52 €25.47 €31.41 67
EV/Revenue €13.24 €18.19 €23.14 54
Asset-Based
NCAV (Graham) €5.14 €6.88 €10.27 54
Growth DCF
Growth DCF €10.11 €12.46 €16.11 80
Rev-Margin DCF €11.22 €16.02 €21.87 73
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 67

Widest divergence: Multiples (€18.19) versus Asset-Based (€6.88). Highest evidence: FCF DCF (82).

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Key figures & financial health

P/E ratio 12.3
P/S ratio 1.21 P/E × margin
EPS (TTM) €0.9800 price ÷ EPS = P/E 12.3
Dividend yield 10.3% payout 128%
Net margin 9.8% FY2025
Return on equity 8.1% TTM
More key figures
Profitability
Return on assets (EBIT) 12.8% avg 5y
Operating margin 15.2% TTM
Growth
Revenue (TTM) €1.3B TTM
Revenue growth (YoY) −4.8% 3y avg −2.5%
EPS growth (YoY) −26.7%
Balance sheet & cash flow
Free cash flow €126M FY2025
Net cash €111M FY2025

Figures from reported company fundamentals · as of Aug 25, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 62/100

Of which business quality 61 · Market factors (momentum, volatility) 60

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 88
Calm price path (market factor)
Momentum 46
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

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. revenue 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. revenue 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. revenue 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%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
−4.7% (−15.0 + 10.3)
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 %

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

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

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. 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 · 64 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) 10.3% · 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 1.35× · Pricier than median
P/S (TTM) 1.38× · Pricier than median
P/FCF 13.7× · Pricier than 75% of peers
EV/EBITDA 7.0× · Cheaper than median
PEG 3.77× · Pricier than median

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE76 · sector 52
FUTURE0 · sector 0
PAST32 · sector 2
HEALTH100 · sector 96
DIVIDEND100 · sector 84

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

Similar stocks

10 more Broadcasting stocks, each showing price versus our Fair Value estimate (as of Aug 25, 2026).

Stock Price Fair Value vs Fair Value
Nexstar Media Group NXST $177.84 $151.97 −15%
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 20.41 SAR 19.24 SAR −6%
Beijing Gehua Catv Network Co 600037 ¥7.07 ¥3.63 −49%
PT Surya Citra Media Tbk, SCMA 216.00 IDR 198.19 IDR −8%
Zee Entertainment Enterprises Limited ZEEL ₹104.65 ₹48.34 −54%
Sinclair, Inc SBGI $15.42 $4.29 −72%

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Frequently asked questions

Is Métropole Télévision S.A. (MMT) overvalued or undervalued?
As of Aug 25, 2026, our model estimates a fair value of €15.96 versus a price of €12.08, about +32% upside (undervalued).
What is the fair value of MMT?
Our model-based fair value for Métropole Télévision S.A. is €15.96 (as of Aug 25, 2026), built from audited fundamentals. The current price: €12.08.
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 25, 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 10.35% relative to its recent price (as of Aug 25, 2026).
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