Saga Communications
Market Cap
US$153.6m
Last Updated
2020/05/25 23:59 UTC
Data Sources
Company Financials
Executive Summary
Saga Communications, Inc., a broadcast company, acquires, develops, and operates broadcast properties in the United States.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with acceptable track record.
Similar Companies
Share Price & News
How has Saga Communications's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SGA has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.9%
SGA
1.8%
US Media
1.0%
US Market
1 Year Return
-13.9%
SGA
-7.1%
US Media
4.1%
US Market
Return vs Industry: SGA underperformed the US Media industry which returned -7.1% over the past year.
Return vs Market: SGA underperformed the US Market which returned 3.7% over the past year.
Shareholder returns
| SGA | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.9% | 1.8% | 1.0% |
| 30 Day | -1.7% | 5.6% | 5.4% |
| 90 Day | -13.7% | -12.1% | -5.7% |
| 1 Year | -10.0%-13.9% | -5.7%-7.1% | 6.5%4.1% |
| 3 Year | -40.8%-47.8% | -3.9%-8.0% | 28.3%19.8% |
| 5 Year | -22.0%-35.4% | 13.7%4.8% | 52.2%35.0% |
Price Volatility Vs. Market
How volatile is Saga Communications's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Investors Who Bought Saga Communications (NASDAQ:SGA) Shares Three Years Ago Are Now Down 51%3 weeks ago | Simply Wall St
What Can We Learn From Saga Communications, Inc.’s (NASDAQ:SGA) Investment Returns?1 month ago | Simply Wall St
Should We Worry About Saga Communications, Inc.'s (NASDAQ:SGA) P/E Ratio?Valuation
Is Saga Communications undervalued compared to its fair value and its price relative to the market?
11.26x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SGA ($25.62) is trading above our estimate of fair value ($20.13)
Significantly Below Fair Value: SGA is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SGA is poor value based on its PE Ratio (11.3x) compared to the Media industry average (10.8x).
PE vs Market: SGA is good value based on its PE Ratio (11.3x) compared to the US market (15x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SGA's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SGA is good value based on its PB Ratio (0.8x) compared to the US Media industry average (1.2x).
Next Steps
Future Growth
How is Saga Communications forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
20.3%
Forecasted Media industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Saga Communications has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine Saga Communications's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Explore growth companies in the Media industry.
Past Performance
How has Saga Communications performed over the past 5 years?
4.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SGA has high quality earnings.
Growing Profit Margin: SGA's current net profit margins (11%) are higher than last year (10.7%).
Past Earnings Growth Analysis
Earnings Trend: SGA's earnings have grown by 4.4% per year over the past 5 years.
Accelerating Growth: SGA's earnings growth over the past year (0.04%) is below its 5-year average (4.4% per year).
Earnings vs Industry: SGA earnings growth over the past year (0.04%) underperformed the Media industry 3.6%.
Return on Equity
High ROE: SGA's Return on Equity (7%) is considered low.
Next Steps
Financial Health
How is Saga Communications's financial position?
Financial Position Analysis
Short Term Liabilities: SGA's short term assets ($66.8M) exceed its short term liabilities ($16.1M).
Long Term Liabilities: SGA's short term assets ($66.8M) exceed its long term liabilities ($42.5M).
Debt to Equity History and Analysis
Debt Level: SGA's debt to equity ratio (5.2%) is considered satisfactory.
Reducing Debt: SGA's debt to equity ratio has reduced from 30.8% to 5.2% over the past 5 years.
Debt Coverage: SGA's debt is well covered by operating cash flow (241%).
Interest Coverage: SGA's interest payments on its debt are well covered by EBIT (220.1x coverage).
Balance Sheet
Next Steps
Dividend
What is Saga Communications's current dividend yield, its reliability and sustainability?
5.00%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SGA's dividend (5%) is higher than the bottom 25% of dividend payers in the US market (1.75%).
High Dividend: SGA's dividend (5%) is in the top 25% of dividend payers in the US market (4.73%)
Stability and Growth of Payments
Stable Dividend: SGA has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: SGA has only been paying a dividend for 7 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (53.6%), SGA's dividend payments are 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?
25.7yrs
Average management tenure
CEO
Ed Christian (74yo)
34.33yrs
Tenure
US$3,377,633
Compensation
Mr. Edward K. Christian has been President, Chief Executive Officer and Chairman since Saga Communications, Inc.’s inception in 1986. He is known as a Pioneer in the radio broadcasting industry. From 1977 ...
CEO Compensation Analysis
Compensation vs Market: Ed's total compensation ($USD3.38M) is above average for companies of similar size in the US market ($USD1.42M).
Compensation vs Earnings: Ed's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 34.33yrs | US$3.38m | 15.96% $24.5m | |
| Senior VP | 22.67yrs | US$554.19k | 0.44% $675.2k | |
| Senior Vice President of Operations | 2yrs | US$424.01k | 0.10% $156.2k | |
| Senior VP of Finance | 28.67yrs | US$342.29k | 0.26% $394.1k | |
| Corporate Secretary | 34.33yrs | US$368.25k | 0.30% $462.0k | |
| Chief Technical Officer | 1.17yrs | no data | no data |
25.7yrs
Average Tenure
61yo
Average Age
Experienced Management: SGA's management team is seasoned and experienced (25.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 34.33yrs | US$3.38m | 15.96% $24.5m | |
| Independent Director | 6.92yrs | US$51.00k | 0.065% $99.4k | |
| Director | 2yrs | US$63.46k | 0.37% $561.4k | |
| Independent Lead Director | no data | US$166.27k | 0.18% $277.0k | |
| Independent Director | 6.42yrs | US$65.25k | 0.061% $93.7k | |
| Independent Director | 15.83yrs | US$51.00k | 0.098% $150.7k | |
| Director | 3yrs | US$51.00k | 0.019% $29.9k |
6.7yrs
Average Tenure
74yo
Average Age
Experienced Board: SGA's board of directors are considered experienced (6.7 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
Saga Communications, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Saga Communications, Inc.
- Ticker: SGA
- Exchange: NasdaqGM
- Founded: 1986
- Industry: Broadcasting
- Sector: Media
- Market Cap: US$153.621m
- Shares outstanding: 6.00m
- Website: https://sagacom.com
Number of Employees
Location
- Saga Communications, Inc.
- 73 Kercheval Avenue
- Suite 201
- Grosse Pointe Farms
- Michigan
- 48236
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SGA | NasdaqGM (Nasdaq Global Market) | Yes | Class A Common Stock | US | USD | Mar 1993 |
Biography
Saga Communications, Inc., a broadcast company, acquires, develops, and operates broadcast properties in the United States. The company’s radio stations employ various programming formats, including classic hits, adult hits, top 40, country, country legends, mainstream/hot/soft adult contemporary, pure oldies, classic rock, and news/talk. As of February 29, 2020, it owned seventy-nine FM, thirty-four AM radio stations, and seventy-seven metro signals serving twenty-seven markets. The company was founded in 1986 and is headquartered in Grosse Pointe Farms, Michigan.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/05/25 23:59 |
| End of Day Share Price | 2020/05/22 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.