There Is A Reason Cable One, Inc.'s (NYSE:CABO) Price Is Undemanding
May 22
U.S. Media Industry Analysis
UpdatedMay 22, 2024
DataAggregated Company Financials
Companies113
- 7D0.2%
- 3M-1.6%
- 1Y-1.5%
- YTD-7.2%
Over the last 7 days, the Media industry has remained flat, although notably Trade Desk gained 11%. In line with that, the industry has also been flat over the past 12 months. Earnings are forecast to grow by 12% annually.
Industry Valuation and Performance
Has the U.S. Media Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 23 May 2024 | US$380.2b | US$329.4b | US$23.1b | 11x | 16.4x | 1.2x |
| Sat, 20 Apr 2024 | US$360.2b | US$330.7b | US$21.7b | 13.7x | 16.6x | 1.1x |
| Mon, 18 Mar 2024 | US$383.0b | US$330.7b | US$21.6b | 14.2x | 17.7x | 1.2x |
| Wed, 14 Feb 2024 | US$377.5b | US$318.5b | US$22.6b | 12.8x | 16.7x | 1.2x |
| Fri, 12 Jan 2024 | US$407.4b | US$332.3b | US$23.2b | 13.4x | 17.6x | 1.2x |
| Sun, 10 Dec 2023 | US$389.4b | US$332.8b | US$23.1b | 12.6x | 16.8x | 1.2x |
| Tue, 07 Nov 2023 | US$412.5b | US$333.9b | US$23.3b | 11.3x | 17.7x | 1.2x |
| Thu, 05 Oct 2023 | US$422.3b | US$334.1b | US$15.7b | 15.7x | 27x | 1.3x |
| Sat, 02 Sep 2023 | US$432.8b | US$334.3b | US$15.7b | 15.7x | 27.5x | 1.3x |
| Mon, 31 Jul 2023 | US$440.9b | US$335.4b | US$18.0b | 14.6x | 24.5x | 1.3x |
| Wed, 28 Jun 2023 | US$411.4b | US$334.8b | US$17.3b | 14.8x | 23.7x | 1.2x |
| Fri, 26 May 2023 | US$389.1b | US$334.8b | US$17.3b | 13.5x | 22.5x | 1.2x |
| Sun, 23 Apr 2023 | US$394.3b | US$341.5b | US$22.7b | 14.9x | 17.4x | 1.2x |
| Tue, 21 Mar 2023 | US$389.1b | US$341.5b | US$22.6b | 14.3x | 17.2x | 1.1x |
| Thu, 16 Feb 2023 | US$435.7b | US$340.3b | US$26.4b | 12.8x | 16.5x | 1.3x |
| Sat, 14 Jan 2023 | US$417.1b | US$339.1b | US$26.7b | 13.2x | 15.6x | 1.2x |
| Mon, 12 Dec 2022 | US$394.4b | US$339.0b | US$26.8b | 11.7x | 14.7x | 1.2x |
| Wed, 09 Nov 2022 | US$359.3b | US$338.0b | US$27.0b | 11.2x | 13.3x | 1.1x |
| Fri, 07 Oct 2022 | US$366.8b | US$338.3b | US$36.4b | 10.8x | 10.1x | 1.1x |
| Sun, 04 Sep 2022 | US$392.6b | US$336.9b | US$36.5b | 11.8x | 10.8x | 1.2x |
| Tue, 02 Aug 2022 | US$412.5b | US$335.5b | US$36.2b | 12.5x | 11.4x | 1.2x |
| Thu, 30 Jun 2022 | US$422.4b | US$333.0b | US$36.1b | 13.4x | 11.7x | 1.3x |
| Sat, 28 May 2022 | US$479.3b | US$333.4b | US$36.1b | 15.6x | 13.3x | 1.4x |
| Mon, 25 Apr 2022 | US$533.0b | US$332.6b | US$34.1b | 19.9x | 15.6x | 1.6x |
| Wed, 23 Mar 2022 | US$581.1b | US$335.4b | US$34.6b | 15.2x | 16.8x | 1.7x |
| Fri, 18 Feb 2022 | US$575.2b | US$334.6b | US$33.9b | 14.7x | 16.9x | 1.7x |
| Sun, 16 Jan 2022 | US$610.4b | US$329.6b | US$32.8b | 13.2x | 18.6x | 1.9x |
| Tue, 14 Dec 2021 | US$574.6b | US$328.5b | US$32.8b | 13.7x | 17.5x | 1.7x |
| Thu, 11 Nov 2021 | US$647.6b | US$327.2b | US$32.7b | 16.3x | 19.8x | 2x |
| Sat, 09 Oct 2021 | US$657.6b | US$314.3b | US$30.5b | 14.6x | 21.5x | 2.1x |
| Mon, 06 Sep 2021 | US$696.4b | US$314.7b | US$30.3b | 13.5x | 23x | 2.2x |
| Wed, 04 Aug 2021 | US$668.1b | US$317.9b | US$30.4b | 11.9x | 22x | 2.1x |
Price to Earnings Ratio
26x
Current Industry PE
- Investors are relatively neutral on the American Media industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 18.2x.
- The 3-year average PS ratio of 1.4x is higher than the industry's current PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Media industry have declined 3.0% per year over the last three years.
- Meanwhile revenues for these companies have grown 2.7% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the U.S. Telecom industry?
| US Market | 1.25% | |
| Telecom | 1.21% | |
| Media | 0.23% | |
| Advertising | 4.84% | |
| Publishing | 2.40% | |
| Cable and Satellite | -1.35% | |
| Broadcasting | -3.75% | |
Industry PE
- Investors are most optimistic about the Publishing industry which is trading above its 3-year average PE ratio of 41.7x.
- Analysts are expecting annual earnings growth of 24.4%, which is higher than its past year's earnings growth of 7.0% per year.
- Investors are most pessimistic about the Cable and Satellite industry, which is trading below its 3-year average of 16.9x.
Forecasted Growth
- Analysts are most optimistic on the Advertising industry, expecting annual earnings growth of 29% over the next 5 years.
- This is better than its past earnings growth rate of 17% per year.
- In contrast, the Cable and Satellite industry is expected to see its earnings grow by 3.1% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| TTD Trade Desk | US$95.32 | 5.6% +US$2.5b | 43.8% | PE231.6x | |
| NYT New York Times | US$49.50 | 3.3% +US$256.3m | 38.4% | PE32.5x | |
| DISH DISH Network | US$5.77 | 8.9% +US$251.2m | -61.1% | PE2.5x | |
| MGNI Magnite | US$11.43 | 16.6% +US$228.2m | -3.2% | PS2.5x | |
| SATS EchoStar | US$18.25 | 4.6% +US$217.2m | 13.3% | PS0.3x |
