RCS MediaGroup S.p.A (RCS) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of RCS MediaGroup S.p.A stock €1.76, price €0.83, upside +111.0%, quality 65 out of 100. Rating: strongly undervalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range €0.4471 – €1.02 · fair‑value band €1.23 – €2.29 · the €0.8340 price screens below the €1.76 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 5, 2026.
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RCS MediaGroup S.p.A. operates as a multimedia publishing company in Italy, Spain, and internationally.
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The company publishes Corriere della Sera and La Gazzetta dello Sport for national and sport dailies; local editions, and weekly and monthly magazines, including Amica, Dove, Oggi, and Abitare; supplements and inserts, such as La Lettura, L'Economia, 7, Style Magazine, Living, Cook, iO Donna, and SportWeek; El Mundo, Marca, Expansión, Telva, Yo Dona, and Fuera de Serie.
It is also involved in organizing world sporting events, which include Giro d'Italia, Milano-Sanremo, Il Lombardia, Tirreno Adriatico, UAE Tour, and Milano Marathon; printing and online activities, and direct marketing and trade fairs for the early childhood segment under the Sfera brand; and fiction, non-fiction, children's books, and miscellaneous books under the Solferino, Cairo, and Fuoriscena brands.
In addition, the company engages in the operation of book publishing under the La Esfera de los Libros brand; training areas under the RCS Academy Business School, Escuela de Unidad Editorial (ESUE), and Expansión Business School brands; newspaper printing; and operation of elmundo.es, marca.com, and expansión.com.
Further, it provides cross-media and multi-target solutions; events, digital branded content, and television branded content; Caccia and Pesca for satellite and over the top TV channels; sports radio under the Radio Marca brand; and Veo7, a free-to-air digital terrestrial television channel dedicated mainly to series and cinema.
The company was formerly known as Holding di Partecipazioni Industriali S.p.A. and changed its name to RCS MediaGroup S.p.A. in 2003. The company was incorporated in 1997 and is headquartered in Milan, Italy. RCS MediaGroup S.p.A. operates as a subsidiary of Cairo Communication S.p.A.
Stock analysis
RCS MediaGroup S.p.A (RCS) currently trades at €0.8340, while our model-based Fair Value estimate is €1.76, implying the stock looks roughly 53% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of €2.22 per share, and 20 of the 24 models we run sit above the €0.8340 price.
Bear case: the Dividend Discount group reads lowest at €0.5650, and 4 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: €1.23 (bear) to €2.29 (bull), the price of €0.8340 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 65/100 (solid quality), in the Communication Services sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
RCS MediaGroup S.p.A reported revenue of €788M in FY2025 versus €846M in FY2021, a compound −1.8%/yr. Reported net income was €54.8M in FY2025, compounding −6.7%/yr from FY2021.
Key figures
Market cap €436M Small · P/E ratio 7.6 · P/S ratio 0.55 · EPS (TTM) €0.1100 · Dividend yield 8.4% · Net margin 6.8% · Return on equity 12.0% · Return on assets (EBIT) 8.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 55 out of 100 (medium confidence).
What moves the price
The share trades about 15% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at −7% fair-value upside, at 111%, RCS screens cheaper than that median.
Fair Value models
Bear€1.23Fair Value €1.76Bull€2.29
Price €0.8340 · Upside +111.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (€0.0343 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
−3.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−2.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.0%
Start year 2020 (pandemic). Over 10 years: −2.7% a year
Revenue growth 23 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−4.4%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+4.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−4.4%
Dividend (yield on the price)8.4%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.4% → 12%
⚠ Revenue per share shrinking 5.0%/yr over ~10Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−9.1%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about −11.1% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Publishing · 98 stocks
Beats the industry median on 14/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score65 · Above median
Fair Value upside+111.0% · Top 25%
Profitability
Return on equity (12 months)12.0% · Top 25%
Return on assets5.5% · Above median
Net margin (12 months)6.8% · Above median
Operating margin (12 months)20.1% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)0.4% · Above median
Dividend yield (12 months)8.4% · Top 25%
Balance sheet
Debt / equity0.05× · Above median
Valuation Multiplesvs Publishing median · lower = cheaper
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Is RCS MediaGroup S.p.A (RCS) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of €1.76 versus a price of €0.8340, about +111% upside (undervalued).
What is the fair value of RCS?
Our model-based fair value for RCS MediaGroup S.p.A is €1.76 (as of Nov 5, 2026), built from audited fundamentals. The current price: €0.8340.
What is the quality score of RCS?
RCS MediaGroup S.p.A has a Quality Score of 65/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for RCS MediaGroup S.p.A (RCS)?
Our model-based price target is the fair value of €1.76 (as of Nov 5, 2026) from 24 valuation models. Cautious scenario €1.23, optimistic scenario €2.29. It is a calculation from audited fundamentals, not an analyst target.
What is the RCS MediaGroup S.p.A stock forecast for 2026?
Our models put fair value at €1.76, about +111% upside versus a price of €0.8340 (undervalued). Cautious scenario €1.23, optimistic scenario €2.29. The calculation is refreshed regularly with new filings.
What is the revenue of RCS MediaGroup S.p.A (RCS)?
RCS MediaGroup S.p.A reported trailing-twelve-month revenue of about €790M (latest available figure, as of Nov 5, 2026).
Does RCS MediaGroup S.p.A pay a dividend?
RCS MediaGroup S.p.A currently shows a dividend yield of 8.39% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of RCS MediaGroup S.p.A (RCS) and when is the ex-dividend date?
RCS MediaGroup S.p.A pays a dividend of €0.07 per share a year, a dividend yield of 8.4%. The last ex-dividend date was May 18, 2026. A dividend has been paid every year since 2019. The payout ratio is 63.6% of earnings. Free cash flow covers the dividend 2.02 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into RCS MediaGroup S.p.A (RCS)?
For today's price to be fair in a discounted-cash-flow model, RCS MediaGroup S.p.A would have to grow free cash flow by -9.1 % per year for five years (discount rate 12.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +1.0 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of RCS use?
Our models discount RCS MediaGroup S.p.A at 12.0 %: a base by market capitalisation (small), damped by beta 0.37, country premium for Italy. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For RCS MediaGroup S.p.A that is -9.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.0 %) and the same formula as our fair value.
How much growth has RCS MediaGroup S.p.A (RCS) delivered so far?
Over the past 5 years revenue at RCS MediaGroup S.p.A grew +1.0 % a year. The price currently implies free-cash-flow growth of -9.1 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of RCS MediaGroup S.p.A (RCS) growing?
The median revenue growth in the sector is +3.8 % a year. That is the yardstick for the growth priced into RCS MediaGroup S.p.A (-9.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of RCS MediaGroup S.p.A (RCS)?
The free-cash-flow yield on the price is 16.81 %: that much free cash flow RCS MediaGroup S.p.A produces per unit of market value. When it exceeds the discount rate of our models (12.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of RCS MediaGroup S.p.A (RCS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For RCS MediaGroup S.p.A it is €1.76 per share (as of Nov 5, 2026), against a price of €0.8340. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is RCS MediaGroup S.p.A stock overvalued or undervalued in 2026?
As of Nov 5, 2026, RCS trades below its calculated fair value: price €0.8340, fair value €1.76, a gap of about +111% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of RCS?
No. The price is what the market pays today (€0.8340); the fair value is what the company's own numbers justify (€1.76). For RCS MediaGroup S.p.A the two are €0.9260 per share apart. That gap is exactly why we show both numbers side by side.
How much is RCS MediaGroup S.p.A worth?
The market values RCS MediaGroup S.p.A at about €436M (market capitalisation, as of Nov 5, 2026). Per share that is €0.8340; our models calculate a fair value of €1.76 per share.
What do the bullish and bearish scenarios say about RCS?
Our models span a range for RCS MediaGroup S.p.A: cautious scenario €1.23, base €1.76, optimistic €2.29 per share (as of Nov 5, 2026, price €0.8340). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of RCS?
RCS MediaGroup S.p.A trades at a price-to-earnings ratio of 7.6 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €1.76 is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2025), reported earnings: 7.4. Other multiples: PEG 1.0, P/B 1.0, P/S 0.6, EV/EBITDA 3.5.
What is the PEG ratio of RCS?
The PEG ratio of RCS MediaGroup S.p.A is 0.97 (P/E divided by earnings growth, as of Nov 5, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of RCS MediaGroup S.p.A (RCS)?
Balance-sheet figures for RCS MediaGroup S.p.A (as of Nov 5, 2026): return on equity 12.0%, debt of 0.05 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is RCS from its 52-week high?
RCS MediaGroup S.p.A trades at €0.8340, about 15% below its 52-week high of €0.9840 and 4% above the low of €0.7990 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €1.76 is for.
Which stocks are comparable to RCS MediaGroup S.p.A?
From the same area (Communication Services) we also value The New York Times Company, Xinhua Winshare Publishing and Media Co, Jiangsu Phoenix Publishing & Media Corporation, China Science Publishing & Media Ltd, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is RCS MediaGroup S.p.A stock attractive at the current price?
The data as of Nov 5, 2026: price €0.8340, calculated fair value €1.76 (+111%), Quality Score 65/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of RCS calculated?
We run RCS MediaGroup S.p.A through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €1.76 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. RCS MediaGroup S.p.A currently trades 53% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of RCS MediaGroup S.p.A (RCS)?
The closing price on Nov 6, 2026 was €0.8340. Our model-based fair value is €1.76, about +111% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with RCS MediaGroup S.p.A right now?
The price is below even our cautious bear case (€1.23). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (65/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (€1.23 to €2.29) leaves room in how you read the outcome.
Key figures of RCS MediaGroup S.p.A
How large is the market capitalisation of RCS MediaGroup S.p.A (RCS)?
The market capitalisation of RCS MediaGroup S.p.A is €436M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of RCS MediaGroup S.p.A (RCS)?
The price-to-sales ratio of RCS MediaGroup S.p.A is 0.55 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of RCS MediaGroup S.p.A (RCS)?
Earnings per share at RCS MediaGroup S.p.A are €0.1100 (price ÷ EPS = P/E 7.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of RCS MediaGroup S.p.A (RCS)?
The dividend yield of RCS MediaGroup S.p.A is 8.4% (payout 63.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of RCS MediaGroup S.p.A (RCS)?
The net margin of RCS MediaGroup S.p.A is 6.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of RCS MediaGroup S.p.A (RCS)?
The return on equity (ROE) of RCS MediaGroup S.p.A is 12.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of RCS MediaGroup S.p.A (RCS)?
On an EBIT basis the return on assets of RCS MediaGroup S.p.A is 8.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of RCS MediaGroup S.p.A (RCS)?
The operating margin of RCS MediaGroup S.p.A is 20.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at RCS MediaGroup S.p.A (RCS)?
Revenue at RCS MediaGroup S.p.A is growing +0.4% versus a year earlier (3y avg −2.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at RCS MediaGroup S.p.A (RCS)?
Earnings per share at RCS MediaGroup S.p.A are growing −26.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does RCS MediaGroup S.p.A (RCS) carry?
The net debt of RCS MediaGroup S.p.A is €101M (fiscal year 2025, ≈ 1.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 5, 2026