Alma Media: A broad spread of digital services
Alma Media has carried out a considerable transition as the business focus has shifted to high-profitability digital businesses that form good two-thirds of the company’s revenue. Due to growing digital businesses and recent acquisitions, we believe the company has a good earnings growth outlook for the next few years. The return expectation consisting of earnings growth and dividend rises to a good level despite the downside in short-term valuation multiples.
Alma Media
Alma Media operates in the media sector. Within the company, the main focus is on digital media, where the offer consists of news content that concerns lifestyle, career, and finances. The group has a number of brands, the more well-known of which include Kauppalehti. The customers are located in the Nordic countries, the Baltics, and Europe and consist of private consumers. The head office is located in Helsinki.
Read more on company pageKey Estimate Figures27.05.2021
2020 | 21e | 22e | |
---|---|---|---|
Revenue | 230.2 | 253.1 | 273.6 |
growth-% | -7.99 % | 9.97 % | 8.07 % |
EBIT (adj.) | 45.5 | 56.6 | 68.5 |
EBIT-% (adj.) | 19.74 % | 22.37 % | 25.03 % |
EPS (adj.) | 0.36 | 0.53 | 0.64 |
Dividend | 0.30 | 0.32 | 0.35 |
Dividend % | 3.36 % | 2.67 % | 2.92 % |
P/E (adj.) | 24.56 | 22.85 | 18.66 |
EV/EBITDA | 12.82 | 17.62 | 14.59 |