Stock

TX Group AG

0QO9.L

Publishing · Communication Services

Price

174.40 GBp

+2.00 (+1.16%)

Market Cap

£1.85B

Exchange

London Stock Exchange

Winston Score

Winston is serious

Below-average fundamentals — multiple weak pillars.

Data as of Oct 10, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality

Weak

5/30

Growth

Weak

3/20

Cash Flow

Mixed

4/10

Stability

Strong

7/10

Valuation

Data not available

0/10

Ownership

Good

10/15

Dividends

Mixed

2/5

31 of 100 counted points = Winston Score 31.

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Share count falling — buybacks

−1.9% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 10.6M (2021) → 10.4M (2025)

§Winston Score History

The full picture

TX Group AG is a Swiss media company that owns newspapers, digital platforms, and marketplaces. Its best-known brands include the newspaper Tages-Anzeiger and the classified advertising platforms Ricardo and Homegate. It serves everyday readers, advertisers, and businesses across Switzerland looking to buy, sell, or rent things online.

The company makes money through a mix of digital advertising, subscription fees for its news products, and transaction fees on its online marketplaces. It operates almost entirely in Switzerland, making it a domestically focused business with strong brand recognition in the German-speaking Swiss market. With a gross margin of 25% but an operating margin of just 1.4% and a very low return on invested capital, the company is under pressure to cut costs and shift readers from print to digital fast enough to offset the long-term decline in traditional newspaper advertising.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-5.9% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-216.7% YoY

YoY Growth Rate

Earnings declining

R&D Spend

CHF 0/ year

0.0% of revenue

Below sector average (12%)

Research and development spending

Insider Activity

80.3%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

CHF 1.4B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

TX Group AG's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

23.4%

Thin — 23.4% gross margin

Profit after running costs

Operating Margin

3.8%

Thin — 3.8% operating margin

Return on the money invested

ROCE

1.5%

Weak — 1.5% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales growth

Sales YoY

-6.6%

Shrinking sales (-6.6% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

24.2%

Converts sales into free cash efficiently (24.2%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

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Stability

What it owes vs what it owns

Debt / Equity

0.04

Conservative — low debt load (0.04)

Covers its interest

Interest Cover

3.03x

Tight — interest eats into profit (3.0x)

Interest coverage between 3 and 8. Profits cover interest several times over.

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Dividend

Dividend Yield

2.29%

Moderate income — 2.29% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record

Dividend Growth

-2.0%

Dividend cut (-2.0% YoY) — warning sign

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