Announcement • May 13
Decile Expands Ai Analyst Capabilities to Include Instant Audience Generation Decile, an AI-powered ecommerce analytics platform, announced the expansion of its AI analyst, Luma by Decile, introducing instant audience generation. The release launches the ability to create audience segments directly from Luma conversations, allowing ecommerce teams to turn natural language requests into ready-to-use customer segments within seconds. Each segment includes a name, description, size and underlying logic, for immediate campaign activation. With the new capability, users can ask Luma to define a customer group, such as recent purchasers or high-LTV customers, and receive a ready-to-use audience immediately. Luma generates a structured segment card within the chat interface, complete with a suggested name, description, audience size and the underlying logic. Users can choose whether the audience is static, or auto-refreshed for dynamic segments. Ecommerce teams can then review the segment, make edits if needed, and choose to save or dismiss it on the spot. Once saved, the new audience appears immediately in the user's audience library. It can be sent to marketing and advertising platforms directly from Decile for one-click activation. In addition to automatic generation, Luma gives operators full control to refine segments before saving: Edit audience names and descriptions directly within the chat; See character limits and inline validation in real time; Reset edits back to Luma's original suggestions with a single click. This balance of automation and control ensures teams can move quickly without sacrificing precision or governance. Building audiences has often required coordination across analytics, engineering, and marketing teams, along with manual queries and delays between insight and action. Luma by Decile removes that friction by generating segments from the same data model used for analysis, maintaining consistency from discovery through execution. The result is a faster, more intuitive workflow where ecommerce teams can: Identify marketing opportunities; Instantly build target audiences; Activate campaigns without delay. This launch represents a significant step forward in Decile's vision for Luma as a true AI analyst that doesn't just answer questions, but enables business outcomes. As brands face increasing pressure to act on data in real time, the ability to move seamlessly from analysis to execution is becoming a competitive necessity. With instant audience generation, Luma seamlessly connects powerful CDP capabilities with advanced analytics and pulls it all together into a single, unified experience. Declared Dividend • May 11
Dividend of US$1.88 announced Shareholders will receive a dividend of US$1.88. Ex-date: 16th July 2026 Payment date: 6th August 2026 Dividend yield will be 0.7%, which is lower than the industry average of 2.1%. Payout Ratios Payout ratio: 11%. Cash payout ratio: 11%. Announcement • May 07
Graham Holdings Company announces Quarterly dividend, payable on August 06, 2026 Graham Holdings Company announced Quarterly dividend of USD 1.8800 per share payable on August 06, 2026, ex-date on July 16, 2026 and record date on July 16, 2026. Reported Earnings • May 01
First quarter 2026 earnings released: EPS: US$6.72 (vs US$5.53 in 1Q 2025) First quarter 2026 results: EPS: US$6.72 (up from US$5.53 in 1Q 2025). Revenue: US$1.24b (up 6.0% from 1Q 2025). Net income: US$29.1m (up 22% from 1Q 2025). Profit margin: 2.4% (up from 2.0% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Consumer Services industry in the US. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 09
Upcoming dividend of US$1.88 per share Eligible shareholders must have bought the stock before 16 April 2026. Payment date: 07 May 2026. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of American dividend payers (4.2%). Lower than average of industry peers (2.3%). Announcement • Mar 25
Graham Holdings Company, Annual General Meeting, May 05, 2026 Graham Holdings Company, Annual General Meeting, May 05, 2026. Location: the hamilton, 600 14th street, n.w., washington, d.c, 20005, United States Declared Dividend • Feb 27
Dividend of US$1.88 announced Shareholders will receive a dividend of US$1.88. Ex-date: 16th April 2026 Payment date: 7th May 2026 Dividend yield will be 0.7%, which is lower than the industry average of 2.1%. Payout Ratios Payout ratio: 11%. Cash payout ratio: 12%. Reported Earnings • Feb 25
Full year 2025 earnings released: EPS: US$67.49 (vs US$165 in FY 2024) Full year 2025 results: EPS: US$67.49 (down from US$165 in FY 2024). Revenue: US$4.91b (up 2.5% from FY 2024). Net income: US$292.3m (down 59% from FY 2024). Profit margin: 6.0% (down from 15% in FY 2024). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Consumer Services industry in the US. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • Feb 25
Graham Holdings Company Reports Unaudited Consolidated Impairment Charges for the Fourth Quarter Ended December 31, 2025 Graham Holdings Company reported unaudited consolidated impairment charges for the fourth quarter ended December 31, 2025. For the quarter, the company reported impairment of intangible and other long-lived assets of $10,100,000 compared to $23,535,000 a year ago. Announcement • Feb 24
Graham Holdings Company Declares Regular Quarterly Dividend, Payable on May 7, 2026 Graham Holdings Company declared a regular quarterly dividend of $1.88 per share, payable on May 7, 2026, to shareholders of record on April 16, 2026. Declared Dividend • Jan 19
Third quarter dividend increased to US$1.88 Dividend of US$1.88 is 4.4% higher than last year. Ex-date: 4th February 2026 Payment date: 19th February 2026 Dividend yield will be 0.6%, which is lower than the industry average of 2.1%. Payout Ratios Payout ratio: 5%. Cash payout ratio: 9%. Announcement • Jan 16
Graham Holdings Company Declares Regular Quarterly Dividend, Payable on February 19, 2026 Graham Holdings Company on January 15, 2026 declared a regular quarterly dividend of $1.88 per share, payable on February 19, 2026, to shareholders of record on February 4, 2026. Recent Insider Transactions Derivative • Nov 16
President exercised options and sold US$1.5m worth of stock On the 11th of November, Timothy O’Shaughnessy exercised 7.58k options at around US$872, then sold 7k of the shares acquired at an average of US$213 per share and kept the remainder. For the year to December 2018, Timothy's total compensation was 31% salary and 69% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2025, Timothy's direct individual holding has increased from 84.75k shares to 141.34k. Company insiders have collectively sold US$3.0m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: US$28.36 (vs US$16.55 in 3Q 2024) Third quarter 2025 results: EPS: US$28.36 (up from US$16.55 in 3Q 2024). Revenue: US$1.28b (up 5.9% from 3Q 2024). Net income: US$122.9m (up 71% from 3Q 2024). Profit margin: 9.6% (up from 6.0% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Consumer Services industry in the US. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Oct 29
Graham Holdings Company Reports Unaudited Consolidated Impairment Charges for the Third Quarter Ended September 30, 2025 Graham Holdings Company reported unaudited consolidated impairment charges for the third quarter ended September 30, 2025. For the quarter, the company reported Impairment of intangible and other long-lived assets of $2,235,000. Price Target Changed • Oct 21
Price target increased by 20% to US$945 Up from US$785, the current price target is provided by 1 analyst. New target price is 5.6% below last closing price of US$1,001. Stock is up 27% over the past year. The company posted earnings per share of US$165 last year. Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to US$953, the stock trades at a trailing P/E ratio of 6.1x. Average forward P/E is 16x in the Consumer Services industry in the US. Total returns to shareholders of 74% over the past three years. Upcoming Dividend • Oct 09
Upcoming dividend of US$1.80 per share Eligible shareholders must have bought the stock before 16 October 2025. Payment date: 06 November 2025. Payout ratio is a comfortable 4.5% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of American dividend payers (4.5%). Lower than average of industry peers (2.1%). Recent Insider Transactions Derivative • Oct 02
President exercised options and sold US$2.1m worth of stock On the 29th of September, Timothy O’Shaughnessy exercised 7.58k options at around US$872, then sold 7k of the shares acquired at an average of US$1,191 per share and kept the remainder. For the year to December 2018, Timothy's total compensation was 31% salary and 69% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2024, Timothy's direct individual holding has increased from 281.95k shares to 283.67k. Company insiders have collectively sold US$5.5m more than they bought, via options and on-market transactions in the last 12 months. Board Change • Oct 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 7 highly experienced directors. Independent Director Jack Markell was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Sep 14
Second quarter dividend of US$1.80 announced Shareholders will receive a dividend of US$1.80. Ex-date: 16th October 2025 Payment date: 6th November 2025 Dividend yield will be 0.6%, which is lower than the industry average of 2.1%. Payout Ratios Payout ratio: 4%. Cash payout ratio: 7%. Announcement • Sep 11
Graham Holdings Company Declares Regular Quarterly Dividend, Payable on November 6, 2025 Graham Holdings Company declared a regular quarterly dividend of $1.80 per share, payable on November 6, 2025, to shareholders of record on October 16, 2025. Recent Insider Transactions Derivative • Aug 22
Executive Vice President exercised options and sold US$468k worth of stock On the 19th of August, Jacob Maas exercised 2.00k options at around US$805, then sold 2k of the shares acquired at an average of US$1,072 per share and kept the remainder. Since December 2024, Jacob's direct individual holding has increased from 2.55k shares to 4.29k. Company insiders have collectively sold US$5.6m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Jul 31
Second quarter 2025 earnings released: EPS: US$8.48 (vs US$4.79 loss in 2Q 2024) Second quarter 2025 results: EPS: US$8.48 (up from US$4.79 loss in 2Q 2024). Revenue: US$1.22b (up 2.6% from 2Q 2024). Net income: US$36.7m (up US$57.8m from 2Q 2024). Profit margin: 3.0% (up from net loss in 2Q 2024). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Consumer Services industry in the US. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jul 28
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.4% to US$915. The fair value is estimated to be US$1,147, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 54%. Upcoming Dividend • Jul 10
Upcoming dividend of US$1.80 per share Eligible shareholders must have bought the stock before 17 July 2025. Payment date: 07 August 2025. Payout ratio is a comfortable 4.9% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of American dividend payers (4.5%). Lower than average of industry peers (1.9%). Buy Or Sell Opportunity • Jul 07
Now 21% undervalued Over the last 90 days, the stock has risen 3.3% to US$913. The fair value is estimated to be US$1,159, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 54%. Declared Dividend • May 09
Dividend of US$1.80 announced Shareholders will receive a dividend of US$1.80. Ex-date: 17th July 2025 Payment date: 7th August 2025 Dividend yield will be 0.7%, which is lower than the industry average of 2.1%. Payout Ratios Payout ratio: 5%. Cash payout ratio: 8%. Announcement • May 09
Graham Holdings Company Declares Regular Quarterly Dividend, Payable on August 7, 202 Graham Holdings Company declared a regular quarterly dividend of $1.80 per share, payable on August 7, 2025, to shareholders of record on July 17, 2025. Reported Earnings • May 01
First quarter 2025 earnings released: EPS: US$5.53 (vs US$27.88 in 1Q 2024) First quarter 2025 results: EPS: US$5.53 (down from US$27.88 in 1Q 2024). Revenue: US$1.17b (up 1.1% from 1Q 2024). Net income: US$23.9m (down 81% from 1Q 2024). Profit margin: 2.0% (down from 11% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Consumer Services industry in the US. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 10
Upcoming dividend of US$1.80 per share Eligible shareholders must have bought the stock before 17 April 2025. Payment date: 08 May 2025. Payout ratio is a comfortable 4.2% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of American dividend payers (4.9%). Lower than average of industry peers (2.1%). Announcement • Mar 27
Graham Holdings Company, Annual General Meeting, May 06, 2025 Graham Holdings Company, Annual General Meeting, May 06, 2025. Location: the hamilton 600 14th street n w, washington dc 20005, United States Declared Dividend • Feb 28
Dividend of US$1.80 announced Shareholders will receive a dividend of US$1.80. Ex-date: 17th April 2025 Payment date: 8th May 2025 Dividend yield will be 0.7%, which is lower than the industry average of 2.1%. Payout Ratios Payout ratio: 4%. Cash payout ratio: 10%. Announcement • Feb 27
Graham Holdings Company Declares Regular Quarterly Dividend, Payable on May 8, 2025 Graham Holdings Company declared a regular quarterly dividend of $1.80 per share, payable on May 8, 2025, to shareholders of record on April 17, 2025. Reported Earnings • Feb 26
Full year 2024 earnings released: EPS: US$166 (vs US$43.96 in FY 2023) Full year 2024 results: EPS: US$166 (up from US$43.96 in FY 2023). Revenue: US$4.79b (up 8.5% from FY 2023). Net income: US$724.6m (up 255% from FY 2023). Profit margin: 15% (up from 4.6% in FY 2023). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Consumer Services industry in the US. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jan 20
Third quarter dividend increased to US$1.80 Dividend of US$1.80 is 4.7% higher than last year. Ex-date: 3rd February 2025 Payment date: 20th February 2025 Dividend yield will be 0.8%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (13% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 3.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jan 16
Graham Holdings Company Declares Regular Quarterly Dividend, Payable on February 20, 2025 Graham Holdings Company declared a regular quarterly dividend of $1.80 per share, payable on February 20, 2025, to shareholders of record on February 3, 2025. Buy Or Sell Opportunity • Jan 07
Now 21% undervalued Over the last 90 days, the stock has risen 5.8% to US$861. The fair value is estimated to be US$1,092, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has declined by 22%. Buy Or Sell Opportunity • Dec 23
Now 20% undervalued Over the last 90 days, the stock has risen 9.3% to US$872. The fair value is estimated to be US$1,093, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has declined by 22%. Price Target Changed • Dec 19
Price target increased by 18% to US$765 Up from US$650, the current price target is provided by 1 analyst. New target price is 12% below last closing price of US$870. Stock is up 27% over the past year. The company posted earnings per share of US$43.96 last year. New Risk • Nov 15
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$359k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 12% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (US$359k sold). Recent Insider Transactions • Nov 15
Independent Director recently sold US$359k worth of stock On the 13th of November, Katharine Weymouth sold around 378 shares on-market at roughly US$949 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$580k more than they bought in the last 12 months. Recent Insider Transactions Derivative • Nov 07
President exercised options and sold US$3.0m worth of stock On the 1st of November, Timothy O’Shaughnessy exercised 25.75k options at around US$719, then sold 24k of the shares acquired at an average of US$125 per share and kept the remainder. For the year to December 2017, Timothy's total compensation was 51% salary and 49% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, Timothy's direct individual holding has increased from 225.76k shares to 280.05k. Company insiders have collectively sold US$5.2m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: US$16.55 (vs US$5.02 loss in 3Q 2023) Third quarter 2024 results: EPS: US$16.55 (up from US$5.02 loss in 3Q 2023). Revenue: US$1.21b (up 8.6% from 3Q 2023). Net income: US$72.0m (up US$95.1m from 3Q 2023). Profit margin: 6.0% (up from net loss in 3Q 2023). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Services industry in the US. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Recent Insider Transactions Derivative • Oct 20
President exercised options and sold US$2.5m worth of stock On the 15th of October, Timothy O’Shaughnessy exercised 25.75k options at around US$719, then sold 24k of the shares acquired at an average of US$104 per share and kept the remainder. For the year to December 2017, Timothy's total compensation was 51% salary and 49% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, Timothy's direct individual holding has increased from 225.76k shares to 278.43k. Company insiders have collectively sold US$3.6m more than they bought, via options and on-market transactions in the last 12 months. Upcoming Dividend • Oct 10
Upcoming dividend of US$1.72 per share Eligible shareholders must have bought the stock before 17 October 2024. Payment date: 07 November 2024. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (2.2%). Declared Dividend • Sep 16
Second quarter dividend of US$1.72 announced Shareholders will receive a dividend of US$1.72. Ex-date: 17th October 2024 Payment date: 7th November 2024 Dividend yield will be 0.9%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 75% to shift the payout ratio to a potentially unsustainable range, which is more than the 13% EPS decline seen over the last 5 years. Announcement • Sep 13
Graham Holdings Company Declares Regular Quarterly Dividend, Payable on November 7, 2024 Graham Holdings Company declared a regular quarterly dividend of $1.72 per share, payable on November 7, 2024, to shareholders of record on October 17, 2024. Price Target Changed • Aug 08
Price target increased by 9.6% to US$685 Up from US$625, the current price target is provided by 1 analyst. New target price is 5.4% below last closing price of US$724. Stock is up 23% over the past year. The company posted earnings per share of US$43.96 last year. Reported Earnings • Aug 01
Second quarter 2024 earnings released: US$4.78 loss per share (vs US$25.96 profit in 2Q 2023) Second quarter 2024 results: US$4.78 loss per share (down from US$25.96 profit in 2Q 2023). Revenue: US$1.19b (up 7.3% from 2Q 2023). Net loss: US$21.0m (down 117% from profit in 2Q 2023). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Consumer Services industry in the US. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Aug 01
Graham Holdings Company Reports Unaudited Consolidated Impairment Charges Results for the Second Quarter Ended June 30, 2024 Graham Holdings Company reported unaudited consolidated impairment charges results for the second quarter ended June 30, 2024. For the quarter, the company reported impairment of goodwill and other long-lived assets of $26,287,000. Upcoming Dividend • Jul 11
Upcoming dividend of US$1.72 per share Eligible shareholders must have bought the stock before 18 July 2024. Payment date: 08 August 2024. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (2.3%). Declared Dividend • May 10
Dividend of US$1.72 announced Shareholders will receive a dividend of US$1.72. Ex-date: 18th July 2024 Payment date: 8th August 2024 Dividend yield will be 0.9%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (11% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 1.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 09
Graham Holdings Company Appoints Tony Allen as Director Graham Holdings Company announced that at the AGM was held on May 7, 2024, the company approved the appointment of Tony Allen as Director. Announcement • May 08
Graham Holdings Company Declares Regular Quarterly Dividend, Payable on August 8, 2024 Graham Holdings Company declared a regular quarterly dividend of $1.72 per share, payable on August 8, 2024, to shareholders of record on July 18, 2024. Reported Earnings • May 01
First quarter 2024 earnings released: EPS: US$28.06 (vs US$10.91 in 1Q 2023) First quarter 2024 results: EPS: US$28.06 (up from US$10.91 in 1Q 2023). Revenue: US$1.15b (up 12% from 1Q 2023). Net income: US$124.4m (up 140% from 1Q 2023). Profit margin: 11% (up from 5.0% in 1Q 2023). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Services industry in the US. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Apr 24
Graham Holdings Company to Report Q1, 2024 Results on May 01, 2024 Graham Holdings Company announced that they will report Q1, 2024 results at 8:30 AM, Eastern Daylight on May 01, 2024 Upcoming Dividend • Apr 10
Upcoming dividend of US$1.72 per share Eligible shareholders must have bought the stock before 17 April 2024. Payment date: 09 May 2024. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (2.3%). Announcement • Mar 27
Graham Holdings Company, Annual General Meeting, May 07, 2024 Graham Holdings Company, Annual General Meeting, May 07, 2024, at 08:30 US Eastern Standard Time. Location: The Hamilton, 600 14th Street Washington District Of Columbia United States Agenda: To elect Directors for the ensuing year; to vote on whether to approve the compensation awarded to the named executive officers of the Company for 2023; and to transact such other business as may properly come before the Meeting or any adjournments thereof. Recent Insider Transactions • Mar 17
Independent Director recently sold US$396k worth of stock On the 14th of March, Katharine Weymouth sold around 556 shares on-market at roughly US$713 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$267k more than they bought in the last 12 months. Board Change • Mar 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. Independent Director Danielle Conley was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Feb 28
Dividend of US$1.72 announced Shareholders will receive a dividend of US$1.72. Ex-date: 17th April 2024 Payment date: 9th May 2024 Dividend yield will be 1.0%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 83% to shift the payout ratio to a potentially unsustainable range, which is more than the 2.0% EPS decline seen over the last 5 years. New Risk • Feb 26
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 12% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Reported Earnings • Feb 25
Full year 2023 earnings released: EPS: US$44.25 (vs US$13.83 in FY 2022) Full year 2023 results: EPS: US$44.25 (up from US$13.83 in FY 2022). Revenue: US$4.41b (up 13% from FY 2022). Net income: US$205.3m (up 208% from FY 2022). Profit margin: 4.6% (up from 1.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Services industry in the US. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Feb 23
Graham Holdings Company Declares Regular Quarterly Dividend, Payable on May 9, 2024 Graham Holdings Company declared a regular quarterly dividend of $1.72 per share, payable on May 9, 2024, to shareholders of record on April 18, 2024. Upcoming Dividend • Jan 24
Upcoming dividend of US$1.72 per share at 0.9% yield Eligible shareholders must have bought the stock before 31 January 2024. Payment date: 15 February 2024. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of American dividend payers (4.6%). Lower than average of industry peers (2.1%). Announcement • Nov 07
Washington Post Appoints Will Lewis as CEO The Washington Post has named veteran media executive Will Lewis to serve as its new CEO and publisher. Lewis is joining the newspaper at a moment when one of the American news industry's most storied outlets is struggling against the economic headwinds facing U.S. media companies. News of Lewis's appointment was announced by the Post on Saturday. Lewis is currently the founder, CEO and publisher of The News Movement, a social-first media business targeting a Gen Z audience. He served as CEO of Dow Jones and publisher of The Wall Street Journal from 2014 to 2020, and was chief creative officer of News Corp. and group general manager there. Reported Earnings • Nov 02
Third quarter 2023 earnings released: US$5.01 loss per share (vs US$6.78 profit in 3Q 2022) Third quarter 2023 results: US$5.01 loss per share (down from US$6.78 profit in 3Q 2022). Revenue: US$1.11b (up 9.8% from 3Q 2022). Net loss: US$23.0m (down 171% from profit in 3Q 2022). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Consumer Services industry in the US. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.