Cumulus Media Valuation

Is 1NM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 1NM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 1NM's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 1NM's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1NM?

Key metric: As 1NM is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 1NM. This is calculated by dividing 1NM's market cap by their current revenue.
What is 1NM's PS Ratio?
PS Ratio	0.01x
Sales	US$829.80m
Market Cap	US$12.33m

1NM key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.9x
Enterprise Value/EBITDA	14x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 1NM's PS Ratio compare to its peers?

The above table shows the PS ratio for 1NM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	0.5x
KA8 Klassik Radio	0.9x	n/a	€17.8m
WIG1 Sporttotal	0.4x	n/a	€15.7m
SPM Splendid Medien	0.3x	n/a	€12.2m
PSM ProSiebenSat.1 Media	0.3x	2.5%	€1.1b
1NM Cumulus Media	0.01x	0.9%	€12.3m

Price-To-Sales vs Peers: 1NM is good value based on its Price-To-Sales Ratio (0x) compared to the peer average (0.5x).

Price to Sales Ratio vs Industry

How does 1NM's PS Ratio compare vs other companies in the DE Media Industry?

5 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	0.7x	4.3%
1NM Cumulus Media	0.01x	0.9%	US$12.33m
TC1 Tele Columbus	0.2x	2.9%	US$96.32m
SBV Schwabenverlag	0.1x	n/a	US$1.46m

5 Companies		Estimated Growth	Market Cap
Industry Avg.	0.7x	16.1%
1NM Cumulus Media	0.01x	61.2%	US$12.33m

No more companies

Price-To-Sales vs Industry: 1NM is good value based on its Price-To-Sales Ratio (0x) compared to the European Media industry average (0.6x).

Price to Sales Ratio vs Fair Ratio

What is 1NM's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

1NM PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.01x
Fair PS Ratio	0.5x

Price-To-Sales vs Fair Ratio: 1NM is good value based on its Price-To-Sales Ratio (0x) compared to the estimated Fair Price-To-Sales Ratio (0.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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