NasdaqGS:IHRT

Stock Analysis Report

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Executive Summary

iHeartMedia, Inc. operates as a media and entertainment company worldwide. More Details


Snowflake Analysis

Moderate growth potential and slightly overvalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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

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


Market Performance


7 Day Return

15.6%

IHRT

2.6%

US Media

2.8%

US Market


1 Year Return

-19.0%

IHRT

13.8%

US Media

20.9%

US Market

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

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


Shareholder returns

IHRTIndustryMarket
7 Day15.6%2.6%2.8%
30 Day51.7%18.4%12.8%
90 Day35.2%12.1%6.6%
1 Year-19.0%-19.0%15.5%13.8%23.6%20.9%
3 Yearn/a35.3%29.5%47.3%37.6%
5 Yearn/a65.7%53.6%94.3%72.9%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is iHeartMedia 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: IHRT ($12.47) is trading below our estimate of fair value ($34.23)

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


Price To Earnings Ratio

PE vs Industry: IHRT is unprofitable, so we can't compare its PE Ratio to the US Media industry average.

PE vs Market: IHRT is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate IHRT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: IHRT's PB Ratio (1.8x) is in line with the US Media industry average.


Next Steps

Future Growth

How is iHeartMedia forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

89.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IHRT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: IHRT is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: IHRT's is expected to become profitable in the next 3 years.

Revenue vs Market: IHRT's revenue (7.9% per year) is forecast to grow slower than the US market (10.3% per year).

High Growth Revenue: IHRT's revenue (7.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: IHRT's Return on Equity is forecast to be low in 3 years time (13.3%).


Next Steps

Past Performance

How has iHeartMedia performed over the past 5 years?

54.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IHRT is currently unprofitable.

Growing Profit Margin: IHRT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: IHRT is unprofitable, but has reduced losses over the past 5 years at a rate of 54.4% per year.

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

Earnings vs Industry: IHRT is unprofitable, making it difficult to compare its past year earnings growth to the Media industry (-12.2%).


Return on Equity

High ROE: IHRT has a negative Return on Equity (-178.53%), as it is currently unprofitable.


Next Steps

Financial Health

How is iHeartMedia's financial position?


Financial Position Analysis

Short Term Liabilities: IHRT's short term assets ($1.5B) exceed its short term liabilities ($660.4M).

Long Term Liabilities: IHRT's short term assets ($1.5B) do not cover its long term liabilities ($7.4B).


Debt to Equity History and Analysis

Debt Level: IHRT's debt to equity ratio (582.8%) is considered high.

Reducing Debt: IHRT had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: IHRT's debt is not well covered by operating cash flow (5.6%).

Interest Coverage: IHRT is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is iHeartMedia current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate IHRT'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 IHRT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if IHRT'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 IHRT'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?

5.1yrs

Average management tenure


CEO

Bob Pittman (66 yo)

9.08yrs

Tenure

US$22,868,420

Compensation

Mr. Robert W. Pittman, also known as Bob, had been the Chairman of the Board at iHeartMedia, Inc. since May 17, 2013 and has been its Chief Executive Officer since October 2, 2011. He is a Member of Adviso...


CEO Compensation Analysis

Compensation vs Market: Bob's total compensation ($USD22.87M) is above average for companies of similar size in the US market ($USD4.18M).

Compensation vs Earnings: Bob's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Robert Pittman
Chairman & CEO9.08yrsUS$22.87m0.18%
$ 3.4m
Richard Bressler
President13.5yrsUS$21.05m0.070%
$ 1.3m
Scott Hamilton
Senior VP10.58yrsUS$945.23k0.0019%
$ 34.0k
Paul McNicol
Secretary1.5yrsUS$1.90m0.0047%
$ 85.8k
Michael McGuinness
Executive VP of Finance & Deputy CFO1.17yrsUS$937.99k0.026%
$ 481.6k
Steve Mills
Global Chief Information Officer5.08yrsno datano data
Kareem Chin
Senior VP & Head of Investor Relations1.5yrsno datano data
Wendy Goldberg
Executive VP & Chief Communications Officer8.92yrsno datano data
Gayle Troberman
Chief Marketing Officer & Executive VP6.08yrsno datano data
Joseph Robinson
President of Corporate Development & Venturesno datano datano data
Peter Ban
Executive Vice President of Revenue & Sales Operation3yrsno datano data
Lorna Hagen
Chief People Officer1.83yrsno datano data

5.1yrs

Average Tenure

58.5yo

Average Age

Experienced Management: IHRT's management team is seasoned and experienced (5.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Robert Pittman
Chairman & CEO9.08yrsUS$22.87m0.18%
$ 3.4m
Richard Bressler
President13.5yrsUS$21.05m0.070%
$ 1.3m
Enrique Santos
Chairman & Chief Creative Officer of IHeartlatino4.17yrsno datano data
Cheryl Mills
Director0.083yrno datano data
Bradley Gerstner
Independent Director1.5yrsUS$873.26k0.0081%
$ 147.6k
Gary Barber
Independent Director1.5yrsUS$874.93k0.047%
$ 858.4k
Sean Mahoney
Independent Director1.5yrsUS$898.26k0.12%
$ 2.1m
James Rasulo
Lead Independent Director1.5yrsUS$906.64k0.0054%
$ 98.4k
Kamakshi Sivaramakrishnan
Independent Director1.5yrsUS$693.86k0.0032%
$ 59.0k

1.5yrs

Average Tenure

59.5yo

Average Age

Experienced Board: IHRT's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: IHRT 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

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


Key Information

  • Name: iHeartMedia, Inc.
  • Ticker: IHRT
  • Exchange: NasdaqGS
  • Founded: 1974
  • Industry: Broadcasting
  • Sector: Media
  • Market Cap: US$1.826b
  • Shares outstanding: 146.47m
  • Website: https://www.iheartmedia.com

Number of Employees


Location

  • iHeartMedia, Inc.
  • 20880 Stone Oak Parkway
  • San Antonio
  • Texas
  • 78258
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IHRTNasdaqGS (Nasdaq Global Select)YesNew Class A Common StockUSUSDMay 2019

Biography

iHeartMedia, Inc. operates as a media and entertainment company worldwide. It operates through two segments, Audio, and Audio and Media Services. The Audio segment offers broadcast radio, digital, mobile, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/29 23:26
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.