MFE-MediaForEurope runs free-to-air commercial TV networks in Italy and Spain (Mediaset and Mediaset España), monetised almost entirely through advertising sold against its channels and streaming platform Mediaset Infinity. The structural case rests on that scale: a dominant share of national TV ad spend in two large European markets, with 94.5% trailing revenue growth reflecting the consolidation of the Mediaset España business that flatters the headline comparison, so the underlying trend deserves checking. Near-term attention centres on whether that integration delivers operating leverage, since the 3.4% operating margin and 22.2% gross margin leave little cushion while a 4.3x forward P/E already prices in a lot of skepticism. What makes it worth a closer look now is the gap between a 11.0x trailing and 4.3x forward multiple, which implies the market expects earnings to step up sharply, and a 5.6% ROE that is thin for a business of this size. The first question for a deeper dive is how much of the forward earnings uplift is organic versus a one-off from the consolidation.
Plain-English pros, cons, and what to watch. Pro feature.
See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.
Trades are only made public after a delay. We show the delay so you know how old the news is.
Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.
| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 01:52 CEST | ACCE price target | €2.75 | first publication | €2.09 |
Answered from MFE-Mediaforeurope N.V. fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| MFEA.MI MFE-Mediaforeurope N.V. | €2.08 | - | - | 11.0x | 5.6% | 43 | 64 |
| MMT.PA Métropole Télévision S.A. | €10.26 | €15 | 31% below | 12.8x | 6.9% | 55 | 46 |
| SESG.PA SES S.A. | €3.96 | €5 | 14% below | - | -9.9% | 29 | 51 |
| TFI.PA TF1 SA | €5.96 | €7 | 16% below | 10.1x | 6.7% | 64 | 45 |
| NMAX Newsmax Inc. Class B Common Stock | $7.93 | - | - | 396.5x | -5.8% | 39 | 43 |
| SBGI Sinclair Inc. Class A Common Stock | $12.39 | $6 | 94% above | 16.1x | 20.4% | 48 | 46 |
| ITV.L ITV plc | £0.64 | £1 | 32% below | 10.7x | 13.5% | 56 | 56 |
Where MFEA.MI ranks against its sector peers on each metric.