Highlight Communications AG (HLG) Fair Value & Analysis

Communication Services · DE · Market cap €28.4M

A solid business, but screening 12% overvalued on our models.

What matters now

• A fairly wide model range (€0.3573 to €0.6579) leaves room in how you read the outcome.
• Our model range runs from €0.3573 (bear) to €0.6579 (bull), base €0.5076. The closer the price sits to the lower half, the larger the margin of safety.
• Quality 51/100 (solid quality) with medium evidence: read the verdict with care.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range €0.5000 – €4.20 · fair‑value band €0.3573 – €0.6579 · the €0.5760 price screens above the €0.5076 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

Full chart & analysis →

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Analysis

Highlight Communications AG (HLG) currently trades at €0.5760, while our model-based Fair Value estimate is €0.5076, implying the stock looks roughly 11.9% overvalued today. The Quality Score stands at 51/100 (solid quality), in the Communication Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Highlight Communications AG generated revenue of €524M at a net margin of -25.9%. Revenue grew 7.7% year over year. Net debt stands at €197M. Fundamentals as of Jul 16, 2026

Our scenario range runs from €0.3573 (bear case) to €0.6579 (bull case); at €0.5760, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 63% below its 52-week high, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -52% fair-value upside, at -12%, HLG screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Growth DCF (€0.4809) versus Dividend Discount (€0.0017). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Highlight Communications AG operates as a strategic and financial holding company in Switzerland, Germany, rest of Europe, and internationally. It operates through Film; and Sports and Event segments.

Full company description

Highlight Communications AG operates as a strategic and financial holding company in Switzerland, Germany, rest of Europe, and internationally. It operates through Film; and Sports and Event segments. The Film segment engages in film production and distribution, home entertainment, license trading/TV exploitation, and TV production; production and distribution of films, procurement of rights, and home entertainment. This segment is also involved in the distribution of DVDs and Blu-ray; and exploitation of its video rights for in-house and licensed films. Its Sports and Event segment markets international sports events, including the UEFA Champions League, the UEFA Europa League, UEFA Europa Conference League, and the UEFA Super Cup; and international music, culture, and entertainment projects, as well as engages in advertising and sponsorship sales in the free TV and digital areas. The company also engages in event marketing; acquisition and development of content; exploitation of sports and music rights; virtual online gaming business; platform operation; development and sale of contract production, application software, and database; and record label and music consulting services. The company was founded in 1983 and is headquartered in Pratteln, Switzerland. Highlight Communications AG is a subsidiary of Highlight Event and Entertainment AG.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Highlight Communications AG reported revenue of €409M in FY2025 versus €508M in FY2021, a compound −5.3%/yr. Reported net income was −€135M in FY2025.

HLG screens 12% overvalued. Compare with Netflix, Inc →

Peer Group

Entertainment · 265 stocks

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.

Valuation Multiples vs Entertainment median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.