Saga Communications, Inc.

NasdaqGM:SGA 주식 리포트

시가총액: US$63.6m

Saga Communications 경영진

경영진 기준 점검 3/4

Saga Communications CEO는 Chris Forgy, Dec2022 에 임명되었습니다 의 임기는 3.42 년입니다. 총 연간 보상은 $1.43M, 50.7% 급여 및 49.3% 보너스(회사 주식 및 옵션 포함)로 구성됩니다. 는 $1.10M 가치에 해당하는 회사 주식의 1.73% 직접 소유합니다. 경영진과 이사회의 평균 재임 기간은 3.4 년과 5.7 년입니다.

핵심 정보

Chris Forgy

최고경영자

US$1.4m

총 보수

CEO 급여 비율50.70%
CEO 재임 기간3.4yrs
CEO 지분 보유율1.7%
경영진 평균 재임 기간3.4yrs
이사회 평균 재임 기간5.7yrs

최근 경영진 업데이트

Recent updates

내러티브 업데이트 May 19

SGA: Higher Margin Outlook Will Support Future Rebound After Impairment Charges

Analysts have reduced their price target on Saga Communications from $18 to $14. They now apply a higher discount rate, assume slightly declining revenue and a lower future P/E, partly offset by expectations for a stronger profit margin.
분석 기사 Feb 15

Saga Communications (NASDAQ:SGA) Will Pay A Dividend Of $0.25

The board of Saga Communications, Inc. ( NASDAQ:SGA ) has announced that it will pay a dividend of $0.25 per share on...
분석 기사 Nov 16

Saga Communications (NASDAQ:SGA) Will Pay A Dividend Of $0.25

Saga Communications, Inc. ( NASDAQ:SGA ) has announced that it will pay a dividend of $0.25 per share on the 12th of...
분석 기사 Aug 15

Weak Statutory Earnings May Not Tell The Whole Story For Saga Communications (NASDAQ:SGA)

The market rallied behind Saga Communications, Inc.'s ( NASDAQ:SGA ) stock, leading do a rise in the share price after...
분석 기사 Mar 12

Unpleasant Surprises Could Be In Store For Saga Communications, Inc.'s (NASDAQ:SGA) Shares

When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") below 17x, you may...
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새로운 내러티브 Sep 28

Digital Expansion And E-commerce Promise Growth Amid Analysts' Revenue And Margin Concerns

Expansion in digital/interactive spaces and e-commerce alongside online news services aims at diversifying income and enhancing community engagement.
분석 기사 Jun 05

Saga Communications, Inc.'s (NASDAQ:SGA) Popularity With Investors Under Threat As Stock Sinks 27%

Saga Communications, Inc. ( NASDAQ:SGA ) shareholders that were waiting for something to happen have been dealt a blow...
분석 기사 May 23

Investors Can Find Comfort In Saga Communications' (NASDAQ:SGA) Earnings Quality

Saga Communications, Inc.'s ( NASDAQ:SGA ) earnings announcement last week didn't impress shareholders. While the...
분석 기사 Dec 11

Some Investors May Be Worried About Saga Communications' (NASDAQ:SGA) Returns On Capital

When researching a stock for investment, what can tell us that the company is in decline? Businesses in decline often...
Seeking Alpha Sep 20

Saga Communications raises dividend by 25% to $0.25, special dividend of $2

Saga Communications (NASDAQ:SGA) declares $0.25/share quarterly dividend, 25% increase from prior dividend of $0.20. Company also declared a special dividend of $2 per share. Forward yield 3.84% Payable Oct. 21; for shareholders of record Oct. 3; ex-div Sept. 30. See SGA Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha Aug 29

Saga Communications: An Acquisition Target?

Summary After the CEO's passing, current super-voting shares at Saga Communications have reverted to normal Class A shares. Saga owns a significant portion of their infrastructure and generates attractive levels of free cash flow from these assets. At a high level, I expect a sale of the business could generate $31-$51 per share. Saga Communications (SGA) is a closely held, small-market radio broadcaster. The stock has long been viewed as "cheap" when you consider their real estate assets, free cash flow generation, and high cash balance. Despite this, historic stock performance has left much to be desired: Seeking Alpha However, due to the recent passing of their CEO, Ed Christian, the business appears positioned for a value-unlocking event. The pioneering CEO held voting control over the company and as a result of his passing, the following has changed per the recent 8-K: As of the date of his passing on August 19, 2022, Edward K. Christian held approximately 65% of the combined voting power of the Company’s Common Stock based on Class B Common Stock generally being entitled to ten votes per share. As a result, Mr. Christian was generally able to control the vote on most matters submitted to the vote of stockholders and, therefore, was able to direct our management and policies, except with respect to (i) the election of the two Class A directors, (ii) those matters where the shares of our Class B Common Stock are only entitled to one vote per share, and (iii) other matters requiring a class vote under the provisions of our certificate of incorporation, bylaws or applicable law. Mr. Christian’s passing and the resultant transfer of his Class B shares into an estate planning trust results in an automatic conversion of each Class B Share he held into one fully paid and non-assessable Class A Share. Upon the settling of Mr. Christian’s estate, the Edward K. Christian Trust u/a/d/ December 29, 1998, will be the owner of 965,149 shares of Class A Common Stock, which represents approximately 15.95% of the Company’s outstanding Common Stock when accounting for the conversion of Class B shares to Class A Shares. Michael Dallaire, Esquire (Mr. Christian’s nephew) and Judith A. Christian (Mr. Christian’s spouse) are co-trustees of the trust. As outlined, the voting dynamic at SGA will drastically change. The super-voting Class B shares convert to Class A shares, leaving a single class of 6.0m total shares. Major shareholders have a new voice in the operations of the company: TowerView –19.4% of pro-forma Class A (and ~15% of Daniel Tisch’s holdings) T. Rowe Price, Dimensional, & FMR – 26.6% of pro-forma Class A Gate City – 5.2% of pro-forma Class A This is particularly unique as peer public radio businesses are closely held with voting rights not evenly distributed - including Townsquare Media (TSQ) and Audacy (AUD). This wrinkle seems to discourage investment in the space and depress valuations. With Saga now open for activist involvement, I suspect a move will be made to unlock value. In this vein, TowerView has already filed an updated form 13, with cryptic commentary not present in their prior form 13: TowerView may in the future have conversations with members of the Board of Directors, senior management of the Company or others regarding the future direction of the Company. Valuation Build Saga has earned $22.2m of EBITDA in the trailing twelve months (I include “non-cash” compensation vs the $23.5m figure reported by SGA). They grew EBITDA about 15% in the first six months of FY22 vs FY21 as well, a great sign that the business isn’t too much of a melting ice cube. Adjusting for $2m of cash taxes and $5m of maintenance CapEx, Saga is about a $15m FCF business in its current form. There is about $10m of SG&A also running through the income statement, of which $3.2m alone in FY21 related to the CEO’s compensation (clearly excessive with CFO and Ops President both earning ~$500k by comparison). We assume most of this corporate expense could be a synergy in a transaction. Also, real estate. Per the 10-K: As of December 31, 2021, the studios and offices of 25 of our 28 operating locations, including our corporate headquarters in Michigan, are located in facilities we own. The remaining studios and offices are located in leased facilities with lease terms that expire in 0.7 years to 2.9 years. We own or lease our transmitter and antenna sites, with lease terms that expire in 1 year to 69 years.” Owned PP&E were carried on the balance sheet at $54.3m as of Jun-22, net of depreciation, and the gross carrying value of the land, buildings, and towers exceeds $75m. There has only been one recent sale of real estate: “During the first quarter of 2020, we sold land and a building on one of our tower sites in our Bellingham, Washington market for approximately $1,700,000 to Talbot Real Estate, LLC resulting in a $1,400,000 gain on the sale of assets." This is noteworthy as tower sites are rather valuable, and SGA still owns some. I don’t believe all of SGA’s properties could be sold for a 400% gain on book value, but I’m comfortable assuming they are worth at least the stated book value, and could be worth over $100m.
Seeking Alpha Aug 22

Saga Communications CEO passed away

Saga Communications (NASDAQ:SGA) announces passing of our founder, Chairman, President and CEO, Ed Christian. Ed passed away on Friday, August 19 after a short illness. Warren Lada, a member of Board of Directors and former COO, has been appointed by the Board to serve as the interim CEO.
Seeking Alpha Aug 05

Saga Communications GAAP EPS of $0.63, revenue of $29.82M

Saga Communications press release (NASDAQ:SGA): Q2 GAAP EPS of $0.63. Revenue of $29.82M (+6.3% Y/Y).

CEO 보수 분석

Chris Forgy의 보수는 Saga Communications의 수익에 비해 어떻게 변했나요?
날짜총 보수급여회사 수익
Mar 31 2026n/an/a

-US$8m

Dec 31 2025US$1mUS$727k

-US$8m

Sep 30 2025n/an/a

US$293k

Jun 30 2025n/an/a

US$2m

Mar 31 2025n/an/a

US$3m

Dec 31 2024US$2mUS$699k

US$3m

Sep 30 2024n/an/a

US$5m

Jun 30 2024n/an/a

US$6m

Mar 31 2024n/an/a

US$7m

Dec 31 2023US$2mUS$672k

US$9m

Sep 30 2023n/an/a

US$11m

Jun 30 2023n/an/a

US$8m

Mar 31 2023n/an/a

US$9m

Dec 31 2022US$640kUS$326k

US$9m

Sep 30 2022n/an/a

US$8m

Jun 30 2022n/an/a

US$12m

Mar 31 2022n/an/a

US$11m

Dec 31 2021US$464kUS$288k

US$11m

Sep 30 2021n/an/a

US$10m

Jun 30 2021n/an/a

US$5m

Mar 31 2021n/an/a

-US$3m

Dec 31 2020US$338kUS$285k

-US$2m

Sep 30 2020n/an/a

-US$373k

Jun 30 2020n/an/a

US$4m

Mar 31 2020n/an/a

US$13m

Dec 31 2019US$424kUS$285k

US$13m

보상 대 시장: Chris의 총 보수(USD1.43M)는 US 시장에서 비슷한 규모 기업의 평균(USD649.34K)보다 높습니다.

보상과 수익: Chris의 보상은 지난 1년 동안 회사 실적과 일치했습니다.


CEO

Chris Forgy (64 yo)

3.4yrs
재임 기간
US$1,433,041
보수

Mr. Christopher S. Forgy, also known as Chris, serves as its Chief Executive Officer, President and Director at Saga Communications, Inc., since December 07, 2022. He served as Senior Vice President of Ope...


리더십 팀

이름직위재임 기간보수지분
Christopher Forgy
CEO, President & Director3.4yrsUS$1.43m1.73%
$ 1.1m
Samuel Bush
Executive VP28.7yrsUS$618.92k1.09%
$ 694.4k
Wayne Leland
Senior VP & COO3.3yrsUS$460.85k0.50%
$ 315.4k
Catherine Bobinski
Senior VP of Finance34.7yrsUS$465.36k0.61%
$ 384.9k
Tracy Cleeton
Chief Technology Officerno data데이터 없음데이터 없음
Eric Christian
Chief Marketing Officer3.3yrs데이터 없음데이터 없음
Annette Calcaterra
Vice President of Human Resources4.3yrs데이터 없음데이터 없음
Pat Paxton
Senior Vice President of Content2.8yrs데이터 없음데이터 없음
Katherine Semivan
VP & Corporate Secretary3.3yrs데이터 없음데이터 없음
3.4yrs
평균 재임 기간
64.5yo
평균 나이

경험이 풍부한 관리: SGA의 경영진은 경험이 있음으로 간주됩니다(평균 재임 3.4 년).


이사회 구성원

이름직위재임 기간보수지분
Christopher Forgy
CEO, President & Director3.4yrsUS$1.43m1.73%
$ 1.1m
Roy Coppedge
Independent Director12.9yrsUS$141.48k0.27%
$ 172.5k
Warren Lada
Independent Chairman8yrsUS$141.50k0.55%
$ 347.8k
Timothy Clarke
Independent Director12.4yrsUS$141.54k0.28%
$ 174.9k
Clarke Brown
Independent Director21.8yrsUS$141.48k0.30%
$ 192.5k
Gregory Sutherland
Independent Directorless than a yearUS$31.26k0.017%
$ 11.1k
Michael Schechter
Independent Director3yrsUS$140.48k0.16%
$ 104.2k
Michael Scafidi
Independent Director1yrUS$82.95k0.047%
$ 29.6k
5.7yrs
평균 재임 기간
67.5yo
평균 나이

경험이 풍부한 이사회: SGA의 이사회경험이 있음으로 간주됩니다(평균 재임 5.7 년).


기업 분석 및 재무 데이터 상태

데이터최종 업데이트 (UTC 시간)
기업 분석2026/05/20 14:59
종가2026/05/20 00:00
수익2026/03/31
연간 수익2025/12/31

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패키지데이터기간미국 소스 예시 *
기업 재무제표10년
  • 손익계산서
  • 현금흐름표
  • 대차대조표
분석가 컨센서스 추정치+3년
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시장 가격30년
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  • 배당, 분할 및 기타 조치
지분 구조10년
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경영진10년
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주요 개발10년
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분석가 소스

Saga Communications, Inc.는 3명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.

분석가기관
Michael KupinskiNOBLE Capital Markets, Inc.
Aaron SyvertsenSidoti & Company, LLC
Marci Walner RyvickerWells Fargo Securities, LLC