NasdaqGS:SSP

Stock Analysis Report

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Executive Summary

The E.W. Scripps Company, together with its subsidiaries, operates as a media enterprise through a portfolio of local and national media brands. More Details


Snowflake Analysis

Moderate growth potential and overvalued.


Similar Companies

Share Price & News

How has E.W. Scripps's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0.6%

SSP

-1.3%

US Media

-0.8%

US Market


1 Year Return

-11.8%

SSP

6.1%

US Media

13.8%

US Market

Return vs Industry: SSP underperformed the US Media industry which returned 5.3% over the past year.

Return vs Market: SSP underperformed the US Market which returned 12% over the past year.


Shareholder returns

SSPIndustryMarket
7 Day0.6%-1.3%-0.8%
30 Day0.8%-0.8%-5.0%
90 Day42.1%15.4%10.1%
1 Year-10.0%-11.8%7.7%6.1%16.4%13.8%
3 Year-36.6%-39.2%17.0%12.2%36.9%27.8%
5 Year-31.6%-34.5%56.9%45.9%85.0%64.2%

Price Volatility Vs. Market

How volatile is E.W. Scripps's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is E.W. Scripps undervalued compared to its fair value and its price relative to the market?

1.1x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: SSP ($11.62) is trading above our estimate of fair value ($2.6)

Significantly Below Fair Value: SSP is trading above our estimate of fair value.


Price To Earnings Ratio

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

PE vs Market: SSP 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 SSP's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SSP is good value based on its PB Ratio (1.1x) compared to the US Media industry average (1.2x).


Next Steps

Future Growth

How is E.W. Scripps forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

21.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: SSP's revenue (1% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: SSP's revenue (1% 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 SSP's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has E.W. Scripps performed over the past 5 years?

17.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SSP is currently unprofitable.

Growing Profit Margin: SSP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SSP is unprofitable, but has reduced losses over the past 5 years at a rate of 17.9% per year.

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

Earnings vs Industry: SSP is unprofitable, making it difficult to compare its past year earnings growth to the Media industry (-11%).


Return on Equity

High ROE: SSP has a negative Return on Equity (-5.28%), as it is currently unprofitable.


Next Steps

Financial Health

How is E.W. Scripps's financial position?


Financial Position Analysis

Short Term Liabilities: SSP's short term assets ($616.6M) exceed its short term liabilities ($291.6M).

Long Term Liabilities: SSP's short term assets ($616.6M) do not cover its long term liabilities ($2.4B).


Debt to Equity History and Analysis

Debt Level: SSP's debt to equity ratio (227.3%) is considered high.

Reducing Debt: SSP's debt to equity ratio has increased from 44.1% to 227.3% over the past 5 years.

Debt Coverage: SSP's debt is not well covered by operating cash flow (1.9%).

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


Balance Sheet


Next Steps

Dividend

What is E.W. Scripps's current dividend yield, its reliability and sustainability?

1.72%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SSP's dividend (1.72%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.75%).

High Dividend: SSP's dividend (1.72%) is low compared to the top 25% of dividend payers in the US market (4.99%).


Stability and Growth of Payments

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

Growing Dividend: SSP has only been paying a dividend for 3 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: SSP is paying a dividend but the company is unprofitable.


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?

5.4yrs

Average management tenure


CEO

Adam Symson (45 yo)

3.08yrs

Tenure

US$4,448,475

Compensation

Mr. Adam P. Symson has been Chief Executive Officer and President of The E. W. Scripps Company since August 8, 2017. Mr. Symson served as Chief Operating Officer of The E. W. Scripps Company from November ...


CEO Compensation Analysis

Compensation vs Market: Adam's total compensation ($USD4.45M) is above average for companies of similar size in the US market ($USD3.10M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Adam Symson
President3.08yrsUS$4.45m0.16%
$ 1.5m
Lisa Knutson
Executive VP & CFO2.92yrsUS$1.80m0.044%
$ 417.3k
William Appleton
Executive VP & General Counsel12.17yrsUS$1.54m0.19%
$ 1.8m
Brian Lawlor
President of Local Media11.67yrsUS$2.26m0.14%
$ 1.3m
Laura Tomlin
Executive Vice President of National Media3.08yrsUS$951.10k0.018%
$ 168.6k
Bryan Dunbar
VP & Chief Technology Officerno datano datano data
Pat Browning
Chief Information Officer0.67yrno datano data
Carolyn Micheli
Senior Vice President of Corporate Communications & Investor Relations7.67yrsno data0.022%
$ 206.6k
Mark Koors
Vice President of Audit & Compliance10.58yrsno data0.062%
$ 584.2k
Robert Kalutkiewicz
Vice President of Strategy2.08yrsno datano data
Julie McGehee
Corporate Secretary & VP of Human Resources Operationsno datano datano data
David Giles
Chief Ethics Officer9.75yrsno datano data

5.4yrs

Average Tenure

53yo

Average Age

Experienced Management: SSP's management team is seasoned and experienced (5.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Adam Symson
President3.08yrsUS$4.45m0.16%
$ 1.5m
Richard Boehne
Non-Executive Chairman7.33yrsUS$274.75k0.51%
$ 4.8m
Kelly Conlin
Independent Director7.33yrsUS$162.75k0.035%
$ 333.3k
John Hayden
Independent Director12.17yrsUS$177.75k0.093%
$ 880.7k
Lauren Rich Fine
Independent Director2.33yrsUS$176.75k0.013%
$ 124.9k
Kim Williams
Lead Independent Director2.67yrsUS$225.09k0.19%
$ 1.8m
Wonya Lucas
Independent Director1.33yrsUS$142.00k0.0053%
$ 49.7k
Anne La Dow
Independent Director8.08yrsUS$162.75k0.088%
$ 830.0k
R. Scagliotti
Independent Director3.33yrsUS$160.75k0.35%
$ 3.3m
Charles Barmonde
Independent Director5.33yrsUS$161.75k1.46%
$ 13.9m
Marcellus Alexander
Independent Director1.08yrsUS$101.75k0.0058%
$ 54.8k

3.3yrs

Average Tenure

60yo

Average Age

Experienced Board: SSP's board of directors are considered experienced (3.3 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

The E.W. Scripps Company's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: The E.W. Scripps Company
  • Ticker: SSP
  • Exchange: NasdaqGS
  • Founded: 1878
  • Industry: Broadcasting
  • Sector: Media
  • Market Cap: US$947.222m
  • Shares outstanding: 81.52m
  • Website: https://www.scripps.com

Number of Employees


Location

  • The E.W. Scripps Company
  • Scripps Center
  • Suite 2800
  • Cincinnati
  • Ohio
  • 45202
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SSPNasdaqGS (Nasdaq Global Select)YesClass A Common StockUSUSDJun 1988
SQ6BDB (Deutsche Boerse AG)YesClass A Common StockDEEURJun 1988

Biography

The E.W. Scripps Company, together with its subsidiaries, operates as a media enterprise through a portfolio of local and national media brands. The company operates through Local Media, National Media, an ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/26 06:02
End of Day Share Price2020/09/25 00:00
Earnings2020/06/30
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.