Euroxx Securities has commenced coverage of Alter Ego Media, assigning a target price of €6.50 per share, indicating an upside potential of approximately 53% from current levels. Alter Ego Media, a prominent Greek media Group, operating across television broadcasting, content creation, and publishing.
Analysts highlight Alter Ego Media's strong market position, particularly its leading viewership in the Greek television sector. The company's strategic focus on digital transformation and expansion into streaming services is expected to enhance revenue diversification and operational efficiency. Targeted acquisitions are also anticipated to bolster future profitability.
Financial projections for 2025 to 2027 indicate a compound annual growth rate (CAGR) of 5.1% in organic revenue, 28% in EBIT, and 34% in net profit. These figures are driven by successful original content production and increased advertising revenue, supported by favorable macroeconomic conditions.
Euroxx Securities expects a dividend payout ratio of 57% to 58% during the examined period, translating into a dividend yield between 4.6% and 5.6%, which is notably higher than industry peers. The upcoming Annual General Meeting on June 17 is expected to approve a three-year scrip dividend program, which would further solidify company’s cash position.
According to Euroxx 2025 estimates, Alter Ego Media trades at a 6.5x EV/EBIT multiple, reflecting a 46% discount versus its peers. Finally, as the analysts highlight, these valuation levels, combined with the company's strategic initiatives and robust financial outlook, underscore a very attractive investment story.