NasdaqGM:BBGI

Stock Analysis Report

Beasley Broadcast Group

Executive Summary

Beasley Broadcast Group, Inc., a radio broadcasting company, operates radio stations in the United States.

Rewards

Trading at 82.5% below its fair value

Earnings are forecast to grow 14.45% per year

Earnings grew by 107.5% over the past year

Risk Analysis

Interest payments are not well covered by earnings

Unstable dividend track record

Highly volatile share price over past 3 months

Large one-off items impacting financial results

+ 1 more risk


Snowflake Analysis

Very undervalued with proven track record.


Similar Companies

Share Price & News

How has Beasley Broadcast Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BBGI's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

3.3%

BBGI

4.0%

US Media

5.3%

US Market


1 Year Return

-50.4%

BBGI

-12.8%

US Media

-10.7%

US Market

Return vs Industry: BBGI underperformed the US Media industry which returned -12.8% over the past year.

Return vs Market: BBGI underperformed the US Market which returned -10.7% over the past year.


Shareholder returns

BBGIIndustryMarket
7 Day3.3%4.0%5.3%
30 Day-41.0%-16.3%-13.6%
90 Day-40.8%-23.7%-19.8%
1 Year-46.5%-50.4%-11.5%-12.8%-8.9%-10.7%
3 Year-82.3%-84.5%-12.3%-16.1%15.5%8.0%
5 Year-54.7%-63.0%2.2%-5.9%35.2%20.4%

Price Volatility Vs. Market

How volatile is Beasley Broadcast Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Beasley Broadcast Group 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: BBGI ($1.86) is trading below our estimate of fair value ($10.63)

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


Price To Earnings Ratio

PE vs Industry: BBGI is good value based on its PE Ratio (3.8x) compared to the Media industry average (9.5x).

PE vs Market: BBGI is good value based on its PE Ratio (3.8x) compared to the US market (13.1x).


Price to Earnings Growth Ratio

PEG Ratio: BBGI is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: BBGI is good value based on its PB Ratio (0.2x) compared to the US Media industry average (0.9x).


Next Steps

Future Growth

How is Beasley Broadcast Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

14.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BBGI's forecast earnings growth (14.4% per year) is above the savings rate (1.7%).

Earnings vs Market: BBGI's earnings (14.4% per year) are forecast to grow faster than the US market (12.3% per year).

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

Revenue vs Market: BBGI's revenue (2.9% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: BBGI's revenue (2.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if BBGI's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Beasley Broadcast Group performed over the past 5 years?

20.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BBGI has a large one-off gain of $6.6M impacting its December 31 2019 financial results.

Growing Profit Margin: BBGI's current net profit margins (5.1%) are higher than last year (2.5%).


Past Earnings Growth Analysis

Earnings Trend: BBGI's earnings have grown significantly by 20.6% per year over the past 5 years.

Accelerating Growth: BBGI's earnings growth over the past year (107.5%) exceeds its 5-year average (20.6% per year).

Earnings vs Industry: BBGI earnings growth over the past year (107.5%) exceeded the Media industry 6%.


Return on Equity

High ROE: BBGI's Return on Equity (4.7%) is considered low.


Next Steps

Financial Health

How is Beasley Broadcast Group's financial position?


Financial Position Analysis

Short Term Liabilities: BBGI's short term assets ($79.7M) exceed its short term liabilities ($53.2M).

Long Term Liabilities: BBGI's short term assets ($79.7M) do not cover its long term liabilities ($422.4M).


Debt to Equity History and Analysis

Debt Level: BBGI's debt to equity ratio (90.1%) is considered high.

Reducing Debt: BBGI's debt to equity ratio has increased from 73.6% to 90.1% over the past 5 years.

Debt Coverage: BBGI's debt is not well covered by operating cash flow (8.2%).

Interest Coverage: BBGI's interest payments on its debt are not well covered by EBIT (1.8x coverage).


Balance Sheet

Inventory Level: BBGI has a low level of unsold assets or inventory.

Debt Coverage by Assets: BBGI's debt is not covered by short term assets (assets are 0.3x debt).


Next Steps

Dividend

What is Beasley Broadcast Group's current dividend yield, its reliability and sustainability?

10.75%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BBGI's dividend (10.75%) is higher than the bottom 25% of dividend payers in the US market (1.95%).

High Dividend: BBGI's dividend (10.75%) is in the top 25% of dividend payers in the US market (5.37%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, BBGI has been paying a dividend for less than 10 years.

Growing Dividend: BBGI's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (41.2%), BBGI's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

3.8yrs

Average management tenure


CEO

Barbara Beasley (56yo)

4.08s

Tenure

US$1,823,520

Compensation

Ms. Barbara Caroline Beasley serves as the Chief Executive Officer of the Naples, Florida based Beasley Broadcast Group, Inc. since January 1, 2017, previously serving as Interim Chief Executive Officer fr ...


CEO Compensation Analysis

Compensation vs Market: Barbara's total compensation ($USD1.82M) is above average for companies of similar size in the US market ($USD605.16K).

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


Leadership Team

NamePositionTenureCompensationOwnership
George Beasley
Founder & Chairman of the Board59.25yrsUS$1.17m42.98% $22.4m
Barbara Beasley
CEO & Director4.08yrsUS$1.82m4.65% $2.4m
Bruce Beasley
President & Director40.25yrsUS$849.80k4.74% $2.5m
Brian Beasley
COO & Director38.25yrsUS$848.54k4.15% $2.2m
Marie Tedesco
Chief Financial Officer3.25yrsno data0.16% $85.1k
Michael Cooney
CTO & VP of Engineering13.25yrsno datano data
Joyce Fitch
Executive VP17.25yrsno datano data
Heidi Raphael
Vice President of Corporate Communications2.25yrsno datano data
Bob McCurdy
Vice President of Corporate Sales2.08yrsno datano data
Justin Chase
Executive Vice President of Programming3.42yrsno datano data

3.8yrs

Average Tenure

59yo

Average Age

Experienced Management: BBGI's management team is considered experienced (3.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
George Beasley
Founder & Chairman of the Board59.25yrsUS$1.17m42.98% $22.4m
Barbara Beasley
CEO & Director4.08yrsUS$1.82m4.65% $2.4m
Bruce Beasley
President & Director40.25yrsUS$849.80k4.74% $2.5m
Brian Beasley
COO & Director38.25yrsUS$848.54k4.15% $2.2m
Allen Shaw
Vice Chairman of the Board19.17yrsUS$50.00k0.11% $55.9k
Herbert McCord
Independent Director19.92yrsUS$60.00k0.14% $73.3k
Mark Fowler
Independent Director20.17yrsUS$55.00k0.24% $124.2k
Peter Bordes
Independent Director3.42yrsUS$50.00k1.77% $922.7k
Michael Fiorile
Independent Director2.25yrsUS$90.00k0.039% $20.5k

20.2yrs

Average Tenure

65yo

Average Age

Experienced Board: BBGI's board of directors are seasoned and experienced ( 20.2 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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

Beasley Broadcast Group, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Beasley Broadcast Group, Inc.
  • Ticker: BBGI
  • Exchange: NasdaqGM
  • Founded: 1961
  • Industry: Broadcasting
  • Sector: Media
  • Market Cap: US$52.040m
  • Shares outstanding: 27.98m
  • Website: https://www.bbgi.com

Number of Employees


Location

  • Beasley Broadcast Group, Inc.
  • 3033 Riviera Drive
  • Suite 200
  • Naples
  • Florida
  • 34103
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BBGINasdaqGM (Nasdaq Global Market)YesClass A Common StockUSUSDFeb 2000
BZSDB (Deutsche Boerse AG)YesClass A Common StockDEEURFeb 2000

Biography

Beasley Broadcast Group, Inc., a radio broadcasting company, operates radio stations in the United States. The company was founded in 1961 and is headquartered in Naples, Florida. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/01 02:58
End of Day Share Price2020/03/31 00:00
Earnings2019/12/31
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.