Southern Cross Media Group
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.
Add to Portfolio Compare Print
SXL Share Price and Events
7 Day Returns
1 Year Returns
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.
SXL Value
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Southern Cross Media Group.
| 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.
| 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.
| 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 | ||
| 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 |
| 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 |
| 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$2.01 |
37.6% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Southern Cross Media Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Southern Cross Media Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Southern Cross Media Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Southern Cross Media Group's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in AUD | A$-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.
| 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?
| 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?
| 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 |
| 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.
Value checks
We assess Southern Cross Media Group's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Media industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Media industry average (and greater than 0)? (1 check) 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
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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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%).
Future performance checks
We assess Southern Cross Media Group's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
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.
| 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.
Past performance checks
We assess Southern Cross Media Group's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Media industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from Southern Cross Media Group Company Filings, last reported 5 months ago.
| 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.
Financial health checks
We assess Southern Cross Media Group's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Southern Cross Media Group has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
If you bought
A$2,000 of
Southern Cross Media Group
shares you are expected to receive
A$124
in your first year as a dividend.
Dividend Amount
- Southern Cross Media Group's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.65%).
- Southern Cross Media Group's dividend is above the markets top 25% of dividend payers in Australia (5.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 5 Analyst Estimates (S&P Global) | See Below |
| Australia Media Industry Average Dividend Yield | Market Cap Weighted Average of 14 Stocks | 4.8% |
| Australia Market Average Dividend Yield | Market Cap Weighted Average of 415 Stocks | 4.1% |
| Australia Minimum Threshold Dividend Yield | 10th Percentile | 1.6% |
| Australia Bottom 25% Dividend Yield | 25th Percentile | 2.7% |
| Australia Top 25% Dividend Yield | 75th Percentile | 5.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in A$) | 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 |
| 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.
- Dividends after 3 years are expected to be covered by earnings (1.4x coverage).
Income/ dividend checks
We assess Southern Cross Media Group's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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:
- The tenure for the Southern Cross Media Group management team is about average.
Management Team
Grant Blackley
CEO, MD & Executive Director
A$2M
52
4 yrs
Nick McKechnie
Chief Financial Officer
A$891K
4.8 yrs
John Kelly
Chief Operating Officer
A$845K
3.3 yrs
Brian Gallagher
Chief Sales Officer
A$850K
3.9 yrs
Guy Dobson
Chief Creative Officer
A$826K
Stephen Haddad
Chief Technology Officer
1.4 yrs
Tony Hudson
General Counsel & Company Secretary
3.8 yrs
Lynniece Robinson
Secretary of MMIL
Board of Directors Tenure
Average tenure and age of the Southern Cross Media Group board of directors in years:
- The tenure for the Southern Cross Media Group board of directors is about average.
Board of Directors
PH Bush
Chairman
A$273K
67
4.3 yrs
Grant Blackley
CEO, MD & Executive Director
A$2M
52
4 yrs
Leon Pasternak
Non-Executive Deputy Chairman & Lead Independent Director
A$176K
63
13.8 yrs
Michael Hamer
Independent Chairman of MMIL
66
13.3 yrs
Bob Richards
Independent Deputy Chairman of MMIL
13.3 yrs
Helen Elizabeth Nash
Non-Executive Independent Director
A$178K
46
4.2 yrs
Melanie Victoria Willis
Non-Executive Director
A$171K
53
3.1 yrs
Rob Murray
Non-Executive Director
A$162K
53
4.8 yrs
Glen Boreham
Non-Executive Director
A$159K
54
4.8 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (A$) | 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 | ||
Management checks
We assess Southern Cross Media Group's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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$2.2m. … It would therefore appear that Southern Cross Media Group Limited pays Grant Blackley more than the median CEO remuneration at companies of a similar size, in the same market. … We compared the total CEO remuneration paid by Southern Cross Media Group Limited, and compared it to remuneration at a group of similar sized companies.
Simply Wall St - – Full articleIs Southern Cross Media Group Limited (ASX:SXL) Trading At A 37% Discount?
In this article we are going to estimate the intrinsic value of Southern Cross Media Group Limited (ASX:SXL) by taking the foreast future cash flows of the company and discounting them back to today's value. … Generally we assume that a dollar today is more valuable than a dollar in the future, so we discount the value of these future cash flows to their estimated value in today's dollars: 10-year free cash flow (FCF) forecast 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (A$, 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 - – Full articleDo 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 - – Full articleSouthern 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 - – Full articleWhat 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 - – Full articleAre 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 - – Full articleIs 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 - – Full articleWhat 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 - – Full articleSouthern 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 - – Full articleRead 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 - – Full articleSXL 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
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.
