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Southern Cross Media Group

ASX:SXL
Snowflake Description

Average dividend payer with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SXL
ASX
A$965M
Market Cap
  1. Home
  2. AU
  3. Media
Company description

Southern Cross Media Group Limited, together with its subsidiaries, engages in the creation and broadcasting of content on free-to-air commercial radio, television (TV), and online media platforms. The last earnings update was 118 days ago. More info.


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SXL Share Price and Events
7 Day Returns
-1.6%
ASX:SXL
0.9%
AU Media
1.7%
AU Market
1 Year Returns
0.4%
ASX:SXL
-18.6%
AU Media
5.4%
AU Market
SXL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Southern Cross Media Group (SXL) -1.6% 1.6% 8.2% 0.4% -2% 16.7%
AU Media 0.9% 2.3% 0.6% -18.6% -16.1% -37.9%
AU Market 1.7% 2.8% 5.5% 5.4% 23% 12.3%
1 Year Return vs Industry and Market
  • SXL outperformed the Media industry which returned -18.6% over the past year.
  • SXL underperformed the Market in Australia which returned 5.4% over the past year.
Price Volatility
SXL
Industry
5yr Volatility vs Market

SXL Value

 Is Southern Cross Media Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Southern Cross Media Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Southern Cross Media Group.

ASX:SXL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.2%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:SXL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Media Unlevered Beta Simply Wall St/ S&P Global 0.78
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.78 (1 + (1- 30%) (35.85%))
0.984
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.98
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (0.984 * 5.96%)
8.18%

Discounted Cash Flow Calculation for ASX:SXL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Southern Cross Media Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:SXL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 8.18%)
2019 88.00 Analyst x1 81.35
2020 94.00 Analyst x1 80.33
2021 95.80 Est @ 1.91% 75.68
2022 97.74 Est @ 2.03% 71.38
2023 99.81 Est @ 2.12% 67.38
2024 101.98 Est @ 2.17% 63.64
2025 104.24 Est @ 2.22% 60.14
2026 106.58 Est @ 2.24% 56.84
2027 108.99 Est @ 2.26% 53.73
2028 111.48 Est @ 2.28% 50.81
Present value of next 10 years cash flows A$661.27
ASX:SXL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= A$111.48 × (1 + 2.31%) ÷ (8.18% – 2.31%)
A$1,945.26
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$1,945.26 ÷ (1 + 8.18%)10
A$886.54
ASX:SXL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$661.27 + A$886.54
A$1,547.82
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$1,547.82 / 769.01
A$2.01
ASX:SXL Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$2.01
Current discount Discount to share price of A$1.26
= -1 x (A$1.26 - A$2.01) / A$2.01
37.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Southern Cross Media Group is available for.
Intrinsic value
38%
Share price is A$1.26 vs Future cash flow value of A$2.01
Current Discount Checks
For Southern Cross Media Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Southern Cross Media Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Southern Cross Media Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Southern Cross Media Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Southern Cross Media Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:SXL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$-0.20
ASX:SXL Share Price ** ASX (2019-06-17) in AUD A$1.26
Australia Media Industry PE Ratio Median Figure of 12 Publicly-Listed Media Companies 13.72x
Australia Market PE Ratio Median Figure of 545 Publicly-Listed Companies 16.2x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Southern Cross Media Group.

ASX:SXL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:SXL Share Price ÷ EPS (both in AUD)

= 1.26 ÷ -0.20

-6.23x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Southern Cross Media Group is loss making, we can't compare its value to the AU Media industry average.
  • Southern Cross Media Group is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Southern Cross Media Group's expected growth come at a high price?
Raw Data
ASX:SXL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -6.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
62.5%per year
Australia Media Industry PEG Ratio Median Figure of 10 Publicly-Listed Media Companies 1.38x
Australia Market PEG Ratio Median Figure of 358 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Southern Cross Media Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Southern Cross Media Group's assets?
Raw Data
ASX:SXL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.57
ASX:SXL Share Price * ASX (2019-06-17) in AUD A$1.26
Australia Media Industry PB Ratio Median Figure of 27 Publicly-Listed Media Companies 1.48x
Australia Market PB Ratio Median Figure of 1,687 Publicly-Listed Companies 1.65x
ASX:SXL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:SXL Share Price ÷ Book Value per Share (both in AUD)

= 1.26 ÷ 0.57

2.2x

* Primary Listing of Southern Cross Media Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Southern Cross Media Group is overvalued based on assets compared to the AU Media industry average.
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Value checks
We assess Southern Cross Media Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Media industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Media industry average (and greater than 0)? (1 check)
  5. Southern Cross Media Group has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SXL Future Performance

 How is Southern Cross Media Group expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
62.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Southern Cross Media Group expected to grow at an attractive rate?
  • Southern Cross Media Group's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Southern Cross Media Group's earnings growth is expected to exceed the Australia market average.
  • Southern Cross Media Group's revenue growth is positive but not above the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:SXL Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:SXL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 62.5%
ASX:SXL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 0.7%
Australia Media Industry Earnings Growth Rate Market Cap Weighted Average 25%
Australia Media Industry Revenue Growth Rate Market Cap Weighted Average 5.3%
Australia Market Earnings Growth Rate Market Cap Weighted Average 7%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:SXL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:SXL Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 665 84 4
2020-06-30 666 111 83 5
2019-06-30 657 106 79 5
ASX:SXL Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 654 123 -155
2018-09-30 653 117 -77
2018-06-30 653 112 1
2018-03-31 663 113 49
2017-12-31 671 114 98
2017-09-30 679 115 103
2017-06-30 687 116 109
2017-03-31 678 171 95
2016-12-31 669 226 82
2016-09-30 654 225 80
2016-06-30 640 224 77
2016-03-31 633 172 -99

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Southern Cross Media Group's earnings are expected to grow significantly at over 20% yearly.
  • Southern Cross Media Group's revenue is expected to grow by 0.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:SXL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Southern Cross Media Group Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:SXL Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30 0.11 0.11 0.11 1.00
2020-06-30 0.11 0.11 0.10 2.00
2019-06-30 0.10 0.10 0.10 2.00
ASX:SXL Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 -0.20
2018-09-30 -0.10
2018-06-30 0.00
2018-03-31 0.06
2017-12-31 0.13
2017-09-30 0.13
2017-06-30 0.14
2017-03-31 0.12
2016-12-31 0.11
2016-09-30 0.10
2016-06-30 0.10
2016-03-31 -0.13

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Southern Cross Media Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Southern Cross Media Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Southern Cross Media Group has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SXL Past Performance

  How has Southern Cross Media Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Southern Cross Media Group's growth in the last year to its industry (Media).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Southern Cross Media Group does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Southern Cross Media Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Southern Cross Media Group's 1-year growth to the AU Media industry average as it is not currently profitable.
Earnings and Revenue History
Southern Cross Media Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Southern Cross Media Group Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:SXL Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 653.55 -155.37 376.64
2018-09-30 653.28 -76.97 375.40
2018-06-30 653.01 1.42 374.17
2018-03-31 662.76 49.17 379.06
2017-12-31 670.63 97.59 383.95
2017-09-30 678.94 103.08 383.24
2017-06-30 687.24 108.56 382.53
2017-03-31 678.27 95.45 379.42
2016-12-31 669.30 82.34 376.31
2016-09-30 654.43 79.79 369.77
2016-06-30 639.56 77.24 363.23
2016-03-31 632.57 -99.50 354.99
2015-12-31 625.59 -276.24 346.75
2015-09-30 618.35 -280.59 343.51
2015-06-30 611.12 -284.95 340.28
2015-03-31 613.83 -296.09 338.40
2014-12-31 616.54 -307.24 336.51
2014-09-30 628.69 -301.62 338.59
2014-06-30 640.83 -296.01 340.68
2014-03-31 643.83 -99.56 340.67
2013-12-31 646.82 96.88 340.66
2013-09-30 644.73 96.50 338.90
2013-06-30 642.63 96.11 337.14
2013-03-31 647.54 71.11 337.40
2012-12-31 652.44 46.11 337.66
2012-09-30 669.88 70.57 341.58
2012-06-30 687.31 95.02 345.51

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Southern Cross Media Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Southern Cross Media Group has efficiently used its assets last year compared to the AU Media industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Southern Cross Media Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
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Past performance checks
We assess Southern Cross Media Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Media industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Southern Cross Media Group has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SXL Health

 How is Southern Cross Media Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Southern Cross Media Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Southern Cross Media Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Southern Cross Media Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Southern Cross Media Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Southern Cross Media Group Company Filings, last reported 5 months ago.

ASX:SXL Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 438.92 346.01 49.88
2018-09-30 438.92 346.01 49.88
2018-06-30 594.56 359.04 56.05
2018-03-31 594.56 359.04 56.05
2017-12-31 659.96 360.49 35.30
2017-09-30 659.96 360.49 35.30
2017-06-30 651.10 371.45 48.98
2017-03-31 651.10 371.45 48.98
2016-12-31 1,003.16 432.63 47.41
2016-09-30 1,003.16 432.63 47.41
2016-06-30 596.55 473.09 94.78
2016-03-31 596.55 473.09 94.78
2015-12-31 971.70 571.45 62.43
2015-09-30 971.70 571.45 62.43
2015-06-30 936.77 670.96 143.05
2015-03-31 936.77 670.96 143.05
2014-12-31 1,254.26 650.22 76.93
2014-09-30 1,254.26 650.22 76.93
2014-06-30 1,213.61 655.50 62.09
2014-03-31 1,213.61 655.50 62.09
2013-12-31 1,583.54 701.83 92.98
2013-09-30 1,583.54 701.83 92.98
2013-06-30 1,566.14 714.44 102.91
2013-03-31 1,566.14 714.44 102.91
2012-12-31 1,544.14 728.42 83.77
2012-09-30 1,544.14 728.42 83.77
2012-06-30 1,534.37 731.27 97.18
  • Southern Cross Media Group's level of debt (78.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (44.4% vs 78.8% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Southern Cross Media Group has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Southern Cross Media Group has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by % per year.
X
Financial health checks
We assess Southern Cross Media Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Southern Cross Media Group has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SXL Dividends

 What is Southern Cross Media Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.18%
Current annual income from Southern Cross Media Group dividends. Estimated to be 6.16% next year.
If you bought A$2,000 of Southern Cross Media Group shares you are expected to receive A$124 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Southern Cross Media Group's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.65%).
  • Southern Cross Media Group's dividend is above the markets top 25% of dividend payers in Australia (5.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:SXL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Australia Media Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 4.8%
Australia Market Average Dividend Yield Market Cap Weighted Average of 415 Stocks 4.1%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.7%
Australia Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:SXL Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2021-06-30 0.08 4.00
2020-06-30 0.08 5.00
2019-06-30 0.08 5.00
ASX:SXL Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2018-08-22 0.078 6.688
2018-02-22 0.080 6.754
2017-08-23 0.080 6.784
2017-02-22 0.075 5.848
2016-08-24 0.070 4.792
2016-02-22 0.065 5.518
2015-08-26 0.060 5.794
2015-02-24 0.060 5.971
2014-08-19 0.060 5.957
2014-02-18 0.090 7.489
2013-08-13 0.090 5.337
2013-02-19 0.095 6.434
2012-08-29 0.100 9.263
2012-03-16 0.080 6.468
2011-08-24 0.100 8.799
2011-02-22 0.140 9.435
2011-02-21 0.140 7.236
2010-08-30 0.097 4.639
2010-02-23 0.070 3.694
2009-08-19 0.077 4.171

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Southern Cross Media Group's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.4x coverage).
X
Income/ dividend checks
We assess Southern Cross Media Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Southern Cross Media Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Southern Cross Media Group has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SXL Management

 What is the CEO of Southern Cross Media Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Grant Blackley
COMPENSATION A$2,196,406
AGE 52
TENURE AS CEO 4 years
CEO Bio

Mr. Grant Blackley has been the Chief Executive Officer, Managing Director and Executive Director of Southern Cross Austereo Pty Limited since June 29, 2015. Mr. Blackley has been the Chief Executive Officer, Managing Director and Director at Southern Cross Media Group Limited since June 29, 2015. Mr. Blackley is responsible for leading the strategic and operational performance of the Southern Cross Media Group Limited. Mr. Blackley serves as a Director of Commercial Radio Australia and Free TV Australia. Prior to joining Southern Cross Austereo, Mr. Blackley served as Chief Executive Officer of the Keystone Group, Partner in RGM Artists and Founder of Four Seasons Media. He served as the Chief Executive Officer of TEN Network Holdings Ltd. from December 15, 2010 to February 23, 2011 and served as its Chief Executive Officer of Television until February 23, 2011. Mr. Blackley served as General Manager of Network Sales at Network Ten Pty Limited, a controlled entity. Mr. Blackley served as the Chief Executive Officer of TEN Network Holdings Ltd. from 2005 to 2010. Mr. Blackley held key roles in network sales, digital media and multi-channel program development as well as being responsible for group strategy, acquisitions and executive leadership and development. Mr. Blackley has enjoyed an extensive career with more than 30 years experience in the media and entertainment sectors. He is a graduate of the 2004 London Business School Executive Program.

CEO Compensation
  • Grant's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Grant's remuneration is higher than average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Southern Cross Media Group management team in years:

3.8
Average Tenure
  • The tenure for the Southern Cross Media Group management team is about average.
Management Team

Grant Blackley

TITLE
CEO, MD & Executive Director
COMPENSATION
A$2M
AGE
52
TENURE
4 yrs

Nick McKechnie

TITLE
Chief Financial Officer
COMPENSATION
A$891K
TENURE
4.8 yrs

John Kelly

TITLE
Chief Operating Officer
COMPENSATION
A$845K
TENURE
3.3 yrs

Brian Gallagher

TITLE
Chief Sales Officer
COMPENSATION
A$850K
TENURE
3.9 yrs

Guy Dobson

TITLE
Chief Creative Officer
COMPENSATION
A$826K

Stephen Haddad

TITLE
Chief Technology Officer
TENURE
1.4 yrs

Tony Hudson

TITLE
General Counsel & Company Secretary
TENURE
3.8 yrs

Lynniece Robinson

TITLE
Secretary of MMIL
Board of Directors Tenure

Average tenure and age of the Southern Cross Media Group board of directors in years:

4.8
Average Tenure
53.5
Average Age
  • The tenure for the Southern Cross Media Group board of directors is about average.
Board of Directors

PH Bush

TITLE
Chairman
COMPENSATION
A$273K
AGE
67
TENURE
4.3 yrs

Grant Blackley

TITLE
CEO, MD & Executive Director
COMPENSATION
A$2M
AGE
52
TENURE
4 yrs

Leon Pasternak

TITLE
Non-Executive Deputy Chairman & Lead Independent Director
COMPENSATION
A$176K
AGE
63
TENURE
13.8 yrs

Michael Hamer

TITLE
Independent Chairman of MMIL
AGE
66
TENURE
13.3 yrs

Bob Richards

TITLE
Independent Deputy Chairman of MMIL
TENURE
13.3 yrs

Helen Elizabeth Nash

TITLE
Non-Executive Independent Director
COMPENSATION
A$178K
AGE
46
TENURE
4.2 yrs

Melanie Victoria Willis

TITLE
Non-Executive Director
COMPENSATION
A$171K
AGE
53
TENURE
3.1 yrs

Rob Murray

TITLE
Non-Executive Director
COMPENSATION
A$162K
AGE
53
TENURE
4.8 yrs

Glen Boreham

TITLE
Non-Executive Director
COMPENSATION
A$159K
AGE
54
TENURE
4.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
23. May 19 Sell Orbis Investment Management Limited Company 07. Jan 19 21. May 19 -7,540,634 A$1.25 A$-9,264,351
17. Apr 19 Sell The Vanguard Group, Inc. Company 29. Jan 19 15. Apr 19 -2,612,004 A$1.21 A$-106,354
17. Apr 19 Buy The Vanguard Group, Inc. Company 08. Jan 19 02. Apr 19 797,274 A$1.21 A$0
03. Apr 19 Buy Investors Mutual Limited Company 27. Dec 18 22. Feb 19 783,500 A$0.99 A$777,055
10. Jan 19 Sell The Vanguard Group, Inc. Company 21. Dec 18 21. Dec 18 -490,285 A$0.97 A$-475,576
10. Jan 19 Buy The Vanguard Group, Inc. Company 21. Dec 18 27. Dec 18 16,200 A$0.99 A$15,872
09. Jan 19 Buy Ubique Asset Management Pty Ltd Company 25. Aug 18 07. Jan 19 6,776,538 A$1.07 A$7,217,571
08. Jan 19 Sell Orbis Investment Management Limited Company 07. Sep 18 04. Jan 19 -206,136 A$2.23 A$-304,706
08. Jan 19 Buy Orbis Investment Management Limited Company 07. Sep 18 04. Jan 19 8,195,455 A$1.05 A$7,493,215
02. Jan 19 Sell Dimensional Fund Advisors L.P. Company 27. Sep 18 27. Sep 18 -585,100 A$1.30 A$-760,629
02. Jan 19 Buy Dimensional Fund Advisors L.P. Company 18. Sep 18 31. Dec 18 1,697,675 A$1.33 A$1,946,332
24. Dec 18 Sell Investors Mutual Limited Company 13. Jun 18 10. Oct 18 -223,000 A$1.23 A$-273,805
24. Dec 18 Buy Investors Mutual Limited Company 02. May 18 21. Dec 18 11,551,814 A$1.02 A$11,763,217
23. Dec 18 Sell The Vanguard Group, Inc. Company 14. Dec 18 20. Dec 18 -1,149,694 A$1.03 A$-1,184,185
23. Dec 18 Buy The Vanguard Group, Inc. Company 12. Nov 18 19. Dec 18 1,072,984 A$1.15 A$1,230,253
20. Dec 18 Buy Grant Blackley Individual 20. Dec 18 20. Dec 18 20,304 A$0.99 A$20,029
13. Nov 18 Buy Helen Elizabeth Nash Individual 13. Nov 18 13. Nov 18 6,676 A$1.12 A$7,497
07. Nov 18 Sell The Vanguard Group, Inc. Company 20. Aug 18 23. Oct 18 -305,930 A$1.39 A$-415,583
07. Nov 18 Buy The Vanguard Group, Inc. Company 06. Jul 18 06. Nov 18 2,024,450 A$1.40 A$2,793,029
05. Sep 18 Buy Realindex Investments Pty Limited Company 16. May 18 31. Aug 18 3,012,598 A$1.23 A$3,690,988
05. Sep 18 Sell Realindex Investments Pty Limited Company 17. May 18 28. Aug 18 -421,126 A$1.24 A$-523,765
19. Oct 18 Sell Challenger Limited Company 22. Feb 18 16. Oct 18 -18,159,488 A$1.19 A$-21,521,632
05. Sep 18 Sell Colonial First State Asset Management (Australia) Limited Company 09. May 18 03. Sep 18 -12,766,448 A$1.32 A$-16,776,822
05. Sep 18 Buy Colonial First State Asset Management (Australia) Limited Company 04. Jun 18 29. Aug 18 2,212,876 A$1.33 A$2,805,694
17. Sep 18 Sell Dimensional Fund Advisors L.P. Company 15. Sep 17 28. Jun 18 -210,818 A$1.28 A$-256,457
12. Sep 18 Buy Grant Blackley Individual 10. Sep 18 10. Sep 18 42,585 A$1.32 A$56,334
10. Sep 18 Sell Orbis Investment Management Limited Company 24. Aug 18 06. Sep 18 -8,054,848 A$1.38 A$-11,122,894
07. Sep 18 Sell Grant Blackley Individual 06. Sep 18 06. Sep 18 -263,730 A$1.35 A$-354,892
06. Sep 18 Buy Grant Blackley Individual 03. Sep 18 03. Sep 18 351,640 A$1.39 A$489,272
27. Aug 18 Sell Orbis Investment Management Limited Company 17. May 18 23. Aug 18 -8,771,654 A$1.33 A$-11,382,301
27. Aug 18 Buy Orbis Investment Management Limited Company 27. Jun 18 23. Aug 18 290,980 A$1.32 A$384,508
27. Aug 18 Buy Melanie Victoria Willis Individual 27. Aug 18 27. Aug 18 15,000 A$1.40 A$21,044
27. Aug 18 Buy Robert Murray Individual 24. Aug 18 24. Aug 18 20,000 A$1.35 A$27,034
26. Aug 18 Buy Ubique Asset Management Pty Ltd Company 03. Nov 17 24. Aug 18 10,791,851 A$1.27 A$13,732,192
25. Jun 18 Sell The Vanguard Group, Inc. Company 29. Sep 17 21. Jun 18 -3,835,732 A$1.28 A$-4,909,736
25. Jun 18 Buy The Vanguard Group, Inc. Company 28. Sep 17 19. Jun 18 3,772,772 A$1.30 A$4,887,824
X
Management checks
We assess Southern Cross Media Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Southern Cross Media Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SXL News

Simply Wall St News

Should You Worry About Southern Cross Media Group Limited's (ASX:SXL) CEO Pay Cheque?

According to our data, Southern Cross Media Group Limited has a market capitalization of AU$938m, and pays its CEO total annual compensation worth AU$2.2m. … It would therefore appear that Southern Cross Media Group Limited pays Grant Blackley more than the median CEO remuneration at companies of a similar size, in the same market. … We compared the total CEO remuneration paid by Southern Cross Media Group Limited, and compared it to remuneration at a group of similar sized companies.

Simply Wall St -

Is Southern Cross Media Group Limited (ASX:SXL) Trading At A 37% Discount?

In this article we are going to estimate the intrinsic value of Southern Cross Media Group Limited (ASX:SXL) by taking the foreast future cash flows of the company and discounting them back to today's value. … Generally we assume that a dollar today is more valuable than a dollar in the future, so we discount the value of these future cash flows to their estimated value in today's dollars: 10-year free cash flow (FCF) forecast 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (A$, Millions) A$88.00 A$94.00 A$95.80 A$97.74 A$99.81 A$101.98 A$104.24 A$106.58 A$108.99 A$111.48 Growth Rate Estimate Source Analyst x1 Analyst x1 Est @ 1.91% Est @ 2.03% Est @ 2.12% Est @ 2.17% Est @ 2.22% Est @ 2.24% Est @ 2.26% Est @ 2.28% Present Value (A$, Millions) Discounted @ 8.33% A$81.23 A$80.10 A$75.36 A$70.98 A$66.91 A$63.11 A$59.55 A$56.20 A$53.06 A$50.09 Present Value of 10-year Cash Flow (PVCF)= A$656.58m "Est" = FCF growth rate estimated by Simply Wall St After calculating the present value of future cash flows in the intial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. … ASX:SXL Intrinsic value, May 17th 2019 The assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows.

Simply Wall St -

Do Institutions Own Shares In Southern Cross Media Group Limited (ASX:SXL)?

Every investor in Southern Cross Media Group Limited (ASX:SXL) should be aware of the most powerful shareholder groups. … Generally speaking, as a company grows, institutions will increase their ownership. … With a market capitalization of AU$969m, Southern Cross Media Group is a small cap stock, so it might not be well known by many institutional investors.

Simply Wall St -

Southern Cross Media Group Limited (ASX:SXL) Is Yielding 6.6% - But Is It A Buy?

Yet sometimes, investors buy a popular dividend stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations. … With Southern Cross Media Group yielding 6.6% and having paid a dividend for over 10 years, many investors likely find the company quite interesting. … Some simple analysis can offer a lot of insight when buying a company for its dividend, and we'll go through these below.

Simply Wall St -

What Does Southern Cross Media Group Limited's (ASX:SXL) Balance Sheet Tell Us About It?

Investors are always looking for growth in small-cap stocks like Southern Cross Media Group Limited (ASX:SXL), with a market cap of AU$900m. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St -

Are Insiders Buying Southern Cross Media Group Limited (ASX:SXL) Stock?

So before you buy or sell Southern Cross Media Group Limited (ASX:SXL), you may well want to know whether insiders have been buying or selling. … The Last 12 Months Of Insider Transactions At Southern Cross Media Group. … In total, Southern Cross Media Group insiders bought more than they sold over the last year

Simply Wall St -

Is Southern Cross Media Group Limited (ASX:SXL) Excessively Paying Its CEO?

Grant Blackley has been the CEO of Southern Cross Media Group Limited (ASX:SXL) since 2015. … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … Check out our latest analysis for Southern Cross Media Group

Simply Wall St -

What Kind Of Shareholder Appears On The Southern Cross Media Group Limited's (ASX:SXL) Shareholder Register?

Every investor in Southern Cross Media Group Limited (ASX:SXL) should be aware of the most powerful shareholder groups. … Generally speaking, as a company grows, institutions will increase their ownership. … Southern Cross Media Group is a smaller company with a market capitalization of AU$807m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

Southern Cross Media Group Limited (ASX:SXL) Delivered A Weaker ROE Than Its Industry

Our data shows Southern Cross Media Group has a return on equity of 0.2% for the last year. … That means that for every A$1 worth of shareholders' equity, it generated A$0.0024 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Read This Before Selling Southern Cross Media Group Limited (ASX:SXL) Shares

So before you buy or sell Southern Cross Media Group Limited (ASX:SXL), you may well want to know whether insiders have been buying or selling. … Southern Cross Media Group Insider Transactions Over The Last Year. … In the last twelve months there was more buying than selling by Southern Cross Media Group insiders

Simply Wall St -

SXL Company Info

Description

Southern Cross Media Group Limited, together with its subsidiaries, engages in the creation and broadcasting of content on free-to-air commercial radio, television (TV), and online media platforms. The company operates through two segments, Regional and Metro. The company owns 78 radio stations and 6 digital radio stations across metropolitan and regional Australia, as well as 34 regional radio stations; and broadcasts 86 free to air TV signals in regional Australia primarily under the Nine Network brand. It also provides audio and visual services, including social media, live events, video, online, and mobile assets that deliver national and local entertainment, and news content. The company was formerly known as Macquarie Media Group. Southern Cross Media Group Limited is based in South Melbourne, Australia. Southern Cross Media Group Limited is a subsidiary of Southern Cross Austereo Services Pty. Ltd.

Details
Name: Southern Cross Media Group Limited
SXL
Exchange: ASX
Founded:
A$965,112,570
769,014,000
Website: http://www.southerncrossaustereo.com.au
Address: Southern Cross Media Group Limited
257 Clarendon Street,
Level 2,
South Melbourne,
Victoria, 3205,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX SXL Ordinary Shares Australian Securities Exchange AU AUD 09. Nov 2006
DB 6MM Ordinary Shares Deutsche Boerse AG DE EUR 09. Nov 2006
CHIA SXL Ordinary Shares Chi-X Australia AU AUD 09. Nov 2006
Number of employees
Current staff
Staff numbers
0
Southern Cross Media Group employees.
Industry
Broadcasting
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/18 10:35
End of day share price update: 2019/06/17 00:00
Last estimates confirmation: 2019/06/17
Last earnings filing: 2019/02/20
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.