Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
RCS MediaGroup S.p.A. is one of the world’s major multimedia publishing groups, operating across newspapers, magazines, television, new media, and the organization of iconic sports events like the Giro d’Italia. It holds a leading position in advertising sales and distribution, with over 30% of turnover from foreign markets, primarily in Italy and Spain. The company publishes flagship newspapers such as Corriere della Sera, Italy’s leading daily and a cornerstone since 1876, and La Gazzetta dello Sport, the country’s most-read sports newspaper focused on football. In Spain, through its acquisition of Unidad Editorial in 2007, it produces El Mundo, Marca—the nation’s top-read sports daily—and Expansión, a key economic publication. RCS MediaGroup also offers magazines like Oggi, Amica, Io Donna, Telva, and Yo Dona, spanning lifestyle, fashion, and design sectors. Listed on the Borsa Italiana, it embodies principles of freedom, honesty, and pluralism, adapting to dynamic media landscapes while maintaining significant market share in high-circulation publications.
11.60% operating margin is respectable but not wide. ROIC at 10.56%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue declined 3.8% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 23% versus the prior year, cash generation momentum has weakened.
Profitability & Returns
Revenue (TTM)
€788M
▼ -3.8% YoY
Net Income (TTM)
€55M
▼ -11.3% YoY
Op. Margin
11.40%
▼ -0.3pp YoY
ROIC
10.56%
▼ -1.8pp YoY
Cash Flow & Balance Sheet
FCF (FY)
€73M
▼ -22.5% YoY
Op. Cash Flow (FY)
€74M
▼ -35.9% YoY
Net Debt
€101M
Cash & Equiv.
€45M
3Y CAGR: -2.3%
3Y CAGR: +76.1%
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