Southern Cross Media Group Past Earnings Performance

Past criteria checks 0/6

Southern Cross Media Group's earnings have been declining at an average annual rate of -38.4%, while the Media industry saw earnings growing at 24.8% annually. Revenues have been declining at an average rate of 4.5% per year.

Key information

-38.4%

Earnings growth rate

-29.9%

EPS growth rate

Media Industry Growth	4.0%
Revenue growth rate	-4.5%
Return on equity	-110.7%
Net Margin	-45.0%
Last Earnings Update	30 Jun 2024

Recent past performance updates

Recent updates

Is Now An Opportune Moment To Examine Southern Cross Media Group Limited (ASX:SXL)?

Aug 17

Southern Cross Media Group (ASX:SXL) Will Pay A Dividend Of A$0.046

Feb 20

Returns On Capital At Southern Cross Media Group (ASX:SXL) Paint A Concerning Picture

Dec 20

Southern Cross Media Group (ASX:SXL) Has Some Difficulty Using Its Capital Effectively

Feb 27

At AU$2.15, Is It Time To Put Southern Cross Media Group Limited (ASX:SXL) On Your Watch List?

Feb 09

Some Investors May Be Worried About Southern Cross Media Group's (ASX:SXL) Returns On Capital

Jun 02

Should You Think About Buying Southern Cross Media Group Limited (ASX:SXL) Now?

Apr 12

Are Investors Undervaluing Southern Cross Media Group Limited (ASX:SXL) By 37%?

Mar 16

Southern Cross Media Group Limited Just Beat Revenue Estimates By 6.5%

Feb 27

We're Not So Sure You Should Rely on Southern Cross Media Group's (ASX:SXL) Statutory Earnings

Feb 16

A Look At Southern Cross Media Group's (ASX:SXL) Share Price Returns

Jan 28

At AU$2.34, Is Southern Cross Media Group Limited (ASX:SXL) Worth Looking At Closely?

Dec 29

Southern Cross Media Group Limited (ASX:SXL) Shares Could Be 46% Below Their Intrinsic Value Estimate

Dec 15

What Is The Ownership Structure Like For Southern Cross Media Group Limited (ASX:SXL)?

Dec 01

We're Not Counting On Southern Cross Media Group (ASX:SXL) To Sustain Its Statutory Profitability

Nov 17

What Is The Ownership Structure Like For Southern Cross Media Group Limited (ASX:SXL)?

Aug 10

An Intrinsic Calculation For Southern Cross Media Group Limited (ASX:SXL) Suggests It's 39% Undervalued

Aug 10

Are Southern Cross Media Group's (ASX:SXL) Statutory Earnings A Good Reflection Of Its Earnings Potential?

Jul 15

Revenue & Expenses Breakdown

How Southern Cross Media Group makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

ASX:SXL Revenue, expenses and earnings (AUD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Jun 24	499	-225	82
31 Mar 24	498	-109	82
31 Dec 23	497	8	81
30 Sep 23	501	13	80
30 Jun 23	504	19	79
31 Mar 23	514	-68	83
31 Dec 22	524	-156	87
30 Sep 22	524	-155	87
30 Jun 22	525	-154	87
31 Mar 22	527	-61	85
31 Dec 21	530	32	82
30 Sep 21	529	40	80
30 Jun 21	529	48	78
31 Mar 21	510	43	106
31 Dec 20	491	37	133
30 Sep 20	515	31	203
30 Jun 20	540	25	273
31 Mar 20	586	37	321
31 Dec 19	632	48	368
30 Sep 19	646	-22	375
30 Jun 19	660	-91	382
31 Mar 19	659	-124	379
31 Dec 18	657	-157	377
30 Sep 18	657	-78	375
30 Jun 18	657	0	374
31 Mar 18	664	49	379
31 Dec 17	671	98	384
30 Sep 17	679	103	383
30 Jun 17	687	109	383
31 Mar 17	678	95	379
31 Dec 16	669	82	376
30 Sep 16	654	80	370
30 Jun 16	640	77	363
31 Mar 16	633	-99	355
31 Dec 15	626	-276	347
30 Sep 15	618	-281	344
30 Jun 15	611	-285	340
31 Mar 15	614	-296	338
31 Dec 14	617	-307	337
30 Sep 14	629	-302	339
30 Jun 14	641	-296	341
31 Mar 14	644	-100	341
31 Dec 13	647	97	341

Quality Earnings: SXL is currently unprofitable.

Growing Profit Margin: SXL is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: SXL is unprofitable, and losses have increased over the past 5 years at a rate of 38.4% per year.

Accelerating Growth: Unable to compare SXL's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SXL is unprofitable, making it difficult to compare its past year earnings growth to the Media industry (6.7%).

Return on Equity

High ROE: SXL has a negative Return on Equity (-110.73%), as it is currently unprofitable.

Southern Cross Media Group Past Earnings Performance

Past criteria checks 0/6

Key information

Recent past performance updates

Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Full year 2023 earnings: EPS and revenues miss analyst expectations

First half 2023 earnings released: EPS: AU$0.058 (vs AU$0.064 in 1H 2022)

First half 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Full year 2021 earnings released: EPS AU$0.18 (vs AU$0.18 in FY 2020)

First half 2021 earnings released: EPS AU$0.12 (vs AU$0.18 in 1H 2020)

Recent updates

Southern Cross Media Group Limited(ASX:SXL) dropped from S&P Global BMI Index

Price target decreased by 9.8% to AU$0.82

Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus EPS estimates fall by 34%, revenue upgraded

Price target decreased by 8.8% to AU$0.91

ARN Media Updates on Non-Binding Indicative Proposal to Acquire Southern Cross Media

Price target decreased by 7.3% to AU$0.95

Citicorp Nominees Seeks Replacement of Nominees at Southern Cross Media

Citicorp Nominees Seeks Replacement of Nominees at Southern Cross Media

Upcoming dividend of AU$0.01 per share

Consensus EPS estimates fall by 21%

First half dividend reduced to AU$0.01

Southern Cross Media Group Limited, Annual General Meeting, Oct 30, 2024

Insufficient new directors

ARN Media Limited and Anchorage Capital Partners Pty Limited agreed to acquire 85.2% stake in Southern Cross Media Group Limited (ASX:SXL).

Upcoming dividend of AU$0.022 per share at 9.1% yield

Price target decreased by 17% to AU$1.06

Southern Cross Media Group Limited Announces Ordinary Dividend for the Six Months Ended June 30, 2023, Payable on October 4, 2023

Price target decreased by 8.4% to AU$1.19

Is Now An Opportune Moment To Examine Southern Cross Media Group Limited (ASX:SXL)?

Full year 2023 earnings: EPS and revenues miss analyst expectations

ARN Media Limited (ASX:A1N) acquired 14.8% stake in Southern Cross Media Group Limited (ASX:SXL) for AUD 38.3 million.

Southern Cross Media Group Limited Announces Executive Changes

Upcoming dividend of AU$0.046 per share at 9.0% yield

Southern Cross Media Group (ASX:SXL) Will Pay A Dividend Of A$0.046

Price target decreased by 17% to AU$1.31

First half 2023 earnings released: EPS: AU$0.058 (vs AU$0.064 in 1H 2022)

Southern Cross Media Group Limited Declares Interim Ordinary Dividend for the Financial Half Year Ended 31 December 2022, Payable on 11 April 2023

Southern Cross Media Group Limited, Annual General Meeting, Oct 27, 2023

Returns On Capital At Southern Cross Media Group (ASX:SXL) Paint A Concerning Picture

Here's Why Southern Cross Media Group (ASX:SXL) Has A Meaningful Debt Burden

Price target decreased to AU$1.57

Southern Cross Media Group Limited Appoints Tim Young as Chief Financial Officer, Effective January 30, 2023

Upcoming dividend of AU$0.048 per share

Price target decreased to AU$1.63

Southern Cross Media Group Limited Announces Final Franked Dividend for the Fiscal Year 2022, Payable on 4 October 2022

Price target decreased to AU$2.06

Investor sentiment improved over the past week

Southern Cross Reportedly Set to Retain Its Regional Unit

Investor sentiment deteriorated over the past week

Southern Cross Media Group (ASX:SXL) Will Be Looking To Turn Around Its Returns

Consensus forecasts updated

Does Southern Cross Media Group (ASX:SXL) Have A Healthy Balance Sheet?

Upcoming dividend of AU$0.045 per share

Southern Cross Media Group (ASX:SXL) Has Some Difficulty Using Its Capital Effectively

First half 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Southern Cross Media Group Limited Announces Interim Full Year 2022 Dividend, Payable on April 7, 2022

At AU$2.15, Is It Time To Put Southern Cross Media Group Limited (ASX:SXL) On Your Watch List?

Southern Cross Reportedly Hires Bank as It Mulls Television Sale

Upcoming dividend of AU$0.05 per share

Full year 2021 earnings released: EPS AU$0.18 (vs AU$0.18 in FY 2020)

Seven West Puts Southern Cross in Buyout Sights

Some Investors May Be Worried About Southern Cross Media Group's (ASX:SXL) Returns On Capital

Should You Think About Buying Southern Cross Media Group Limited (ASX:SXL) Now?

Are Investors Undervaluing Southern Cross Media Group Limited (ASX:SXL) By 37%?

Nine Entertainment Co Not to Extend the Current Regional Television Affiliation Agreement with Southern Cross Media Group Limited

New 90-day low: AU$1.98

Analysts increase EPS estimates to AU$0.16

Southern Cross Media Group Limited Just Beat Revenue Estimates By 6.5%

Revenue beats expectations, earnings disappoint

First half 2021 earnings released: EPS AU$0.12 (vs AU$0.18 in 1H 2020)

We're Not So Sure You Should Rely on Southern Cross Media Group's (ASX:SXL) Statutory Earnings

Southern Cross Media Group Limited to Report First Half, 2021 Results on Feb 25, 2021

A Look At Southern Cross Media Group's (ASX:SXL) Share Price Returns

Southern Cross Media Group Limited, Annual General Meeting, Oct 13, 2021

At AU$2.34, Is Southern Cross Media Group Limited (ASX:SXL) Worth Looking At Closely?

Analysts update estimates

Southern Cross Media Group Limited (ASX:SXL) Shares Could Be 46% Below Their Intrinsic Value Estimate

Price target raised to AU$2.36