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.
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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.
TX Group AG is a leading Swiss media and digital platforms holding company headquartered in Zurich. Formerly known as Tamedia AG, it operates through key subsidiaries including Tamedia, which publishes prominent daily and weekly newspapers like Tages-Anzeiger, Tribune de Genève, and magazines such as Annabelle and Bilan across German- and French-speaking regions; 20 Minuten, delivering free national news via print and digital channels like 20minuten.ch, Switzerland's top online news site; and Goldbach, specializing in multi-channel advertising across TV, radio, print, online, and outdoor media in Switzerland, Austria, and Germany. TX Group also holds significant stakes in TX Markets, encompassing JobCloud for job placements and SMG Swiss Marketplace Group for real estate, automotive, and finance platforms, alongside ventures like Doodle, Zattoo, and fintech investments through TX Ventures. With around 3,019 employees, it reaches a substantial portion of the Swiss population, blending traditional journalism with digital innovation to provide information, entertainment, and services. Its structure ensures independent management of operating units while leveraging group services in finance, IT, and strategy for synergies. TX Group plays a pivotal role in Switzerland's media landscape, commanding major market share and driving societal orientation through diverse content and platforms.
Operating margin is thin at 1.27%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 7.3% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 32% versus the prior year, cash generation momentum has weakened.
Profitability & Returns
Revenue (TTM)
CHF 872M
▼ -7.3% YoY
Net Income (TTM)
CHF 37M
▲ +17.7% YoY
Op. Margin
1.27%
▲ +2.0pp YoY
ROIC
0.33%
▲ +0.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
CHF 159M
▼ -31.7% YoY
Op. Cash Flow (TTM)
CHF 171M
▼ -31.6% YoY
Net Debt
-CHF 101M
Net Cash Position
Cash & Equiv.
CHF 309M
3Y CAGR: -1.8%
3Y CAGR: +27.3%
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