NasdaqGS:AMCX

Stock Analysis Report

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Executive Summary

AMC Networks Inc. owns and operates various cable television’s brands delivering content to audiences, and a platform to distributors and advertisers in the United States and internationally. More Details


Snowflake Analysis

Undervalued with adequate balance sheet.


Similar Companies

Share Price & News

How has AMC Networks's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AMCX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: AMCX's weekly volatility (10%) has been stable over the past year.


Market Performance


7 Day Return

13.2%

AMCX

2.6%

US Media

2.8%

US Market


1 Year Return

-11.2%

AMCX

13.8%

US Media

20.9%

US Market

Return vs Industry: AMCX underperformed the US Media industry which returned 13.8% over the past year.

Return vs Market: AMCX underperformed the US Market which returned 20.9% over the past year.


Shareholder returns

AMCXIndustryMarket
7 Day13.2%2.6%2.8%
30 Day60.5%19.5%11.1%
90 Day40.4%11.9%6.5%
1 Year-11.2%-11.2%15.5%13.8%23.6%20.9%
3 Year-35.5%-35.5%35.3%29.5%47.3%37.6%
5 Year-58.8%-58.8%65.7%53.6%94.3%72.9%

Long-Term Price Volatility Vs. Market

How volatile is AMC Networks's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is AMC Networks undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AMCX ($34.11) is trading below our estimate of fair value ($68.69)

Significantly Below Fair Value: AMCX is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: AMCX is good value based on its PE Ratio (13.5x) compared to the US Media industry average (22.9x).

PE vs Market: AMCX is good value based on its PE Ratio (13.5x) compared to the US market (19.7x).


Price to Earnings Growth Ratio

PEG Ratio: AMCX is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: AMCX is overvalued based on its PB Ratio (2.4x) compared to the US Media industry average (1.8x).


Next Steps

Future Growth

How is AMC Networks forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

14.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AMCX's forecast earnings growth (14.3% per year) is above the savings rate (2.2%).

Earnings vs Market: AMCX's earnings (14.3% per year) are forecast to grow slower than the US market (22% per year).

High Growth Earnings: AMCX's earnings are forecast to grow, but not significantly.

Revenue vs Market: AMCX's revenue (2.1% per year) is forecast to grow slower than the US market (10.3% per year).

High Growth Revenue: AMCX's revenue (2.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AMCX's Return on Equity is forecast to be high in 3 years time (20.6%)


Next Steps

Past Performance

How has AMC Networks performed over the past 5 years?

-1.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AMCX has a large one-off loss of $312.8M impacting its September 30 2020 financial results.

Growing Profit Margin: AMCX's current net profit margins (4.8%) are lower than last year (15.1%).


Past Earnings Growth Analysis

Earnings Trend: AMCX's earnings have declined by 1.5% per year over the past 5 years.

Accelerating Growth: AMCX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: AMCX had negative earnings growth (-70.3%) over the past year, making it difficult to compare to the Media industry average (-12.2%).


Return on Equity

High ROE: AMCX's Return on Equity (14.6%) is considered low.


Next Steps

Financial Health

How is AMC Networks's financial position?


Financial Position Analysis

Short Term Liabilities: AMCX's short term assets ($2.0B) exceed its short term liabilities ($835.1M).

Long Term Liabilities: AMCX's short term assets ($2.0B) do not cover its long term liabilities ($3.5B).


Debt to Equity History and Analysis

Debt Level: AMCX's debt to equity ratio (263.8%) is considered high.

Reducing Debt: AMCX's debt to equity ratio has reduced from 2278.3% to 263.8% over the past 5 years.

Debt Coverage: AMCX's debt is well covered by operating cash flow (25.4%).

Interest Coverage: AMCX's interest payments on its debt are well covered by EBIT (6x coverage).


Balance Sheet


Next Steps

Dividend

What is AMC Networks's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate AMCX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate AMCX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if AMCX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AMCX's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AMCX's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.3yrs

Average management tenure


CEO

Josh Sapan (69 yo)

9.67yrs

Tenure

US$20,196,317

Compensation

Mr. Joshua W. Sapan has been President and Chief Executive Officer of AMC Networks Inc. (“AMC”) since March 09, 2011. He is lauded by Fast Company magazine as one of the “100 Most Creative People in Busine...


CEO Compensation Analysis

Compensation vs Market: Josh's total compensation ($USD20.20M) is above average for companies of similar size in the US market ($USD4.18M).

Compensation vs Earnings: Josh's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Joshua Sapan
President & CEO9.67yrsUS$20.20m1.11%
$ 15.6m
Edward Carroll
Chief Operating Officer11.83yrsUS$8.41m0.26%
$ 3.7m
James Gallagher
Executive VP & General Counsel9.42yrsUS$3.16m0.056%
$ 791.5k
Donna Coleman
Interim Chief Financial Officer0.083yrno datano data
Christian Wymbs
Chief Accounting Officer & Executive VP4.25yrsno data0.013%
$ 187.5k
Seth Zaslow
Senior Vice President of Investor Relationsno datano datano data
Anne Kelly
Senior VP of Corporateno datano datano data
Mark Juris
President & GM of We TV1yrno datano data
Joshua Berger
Senior Vice President of Media Managementno datano datano data
Ben Davis
Executive Vice President of Programming - AMC Studios6.67yrsno datano data
Jennifer Priore
Chief Transformation & People Officer2.5yrsno datano data
Arlene Manos
President Emeritus3.92yrsno datano data

4.3yrs

Average Tenure

62yo

Average Age

Experienced Management: AMCX's management team is considered experienced (4.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Charles Dolan
Chairman Emeritus0.17yrUS$2.75m2.19%
$ 30.8m
James Dolan
Non-Executive Chairman0.17yrUS$214.80k5.14%
$ 72.3m
Thomas Dolan
Director9.42yrsUS$214.80k4.69%
$ 66.0m
Patrick Dolan
Director9.42yrsUS$214.80k1.39%
$ 19.5m
Leonard Tow
Independent Director9.42yrsUS$269.80k0.019%
$ 271.1k
Carl Vogel
Independent Director7.42yrsUS$250.30kno data
Vincent Tese
Independent Director4.42yrsUS$234.30kno data
William Bell
Director9.42yrsUS$214.80k0.000070%
$ 984.7
David Van Zandt
Independent Director5.42yrsUS$230.30kno data
Brian Sweeney
Director9.42yrsUS$214.80k0.067%
$ 948.1k
Marianne E. Weber
Director9.42yrsUS$208.80k4.51%
$ 63.4m
Kristin Dolan
Director9.42yrsUS$212.80k0.015%
$ 212.3k

9.4yrs

Average Tenure

67.5yo

Average Age

Experienced Board: AMCX's board of directors are considered experienced (9.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: AMCX insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

AMC Networks Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: AMC Networks Inc.
  • Ticker: AMCX
  • Exchange: NasdaqGS
  • Founded: 1980
  • Industry: Broadcasting
  • Sector: Media
  • Market Cap: US$1.407b
  • Shares outstanding: 41.24m
  • Website: https://www.amcnetworks.com

Number of Employees


Location

  • AMC Networks Inc.
  • 11 Penn Plaza
  • New York
  • New York
  • 10001
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AMCXNasdaqGS (Nasdaq Global Select)YesNew Class A Common StockUSUSDJun 2011
9ACDB (Deutsche Boerse AG)YesNew Class A Common StockDEEURJun 2011

Biography

AMC Networks Inc. owns and operates various cable television’s brands delivering content to audiences, and a platform to distributors and advertisers in the United States and internationally. The company o...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/29 23:42
End of Day Share Price2020/11/27 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.