E.W. Scripps
Market Cap
US$535.9m
Last Updated
2020/04/02 01:45 UTC
Data Sources
Company Financials +
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.
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential and fair value.
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
-33.7%
SSP
-4.2%
US Media
-1.1%
US Market
1 Year Return
-69.7%
SSP
-17.5%
US Media
-13.6%
US Market
Return vs Industry: SSP underperformed the US Media industry which returned -17.5% over the past year.
Return vs Market: SSP underperformed the US Market which returned -13.6% over the past year.
Shareholder returns
| SSP | Industry | Market | |
|---|---|---|---|
| 7 Day | -33.7% | -4.2% | -1.1% |
| 30 Day | -41.3% | -21.5% | -17.8% |
| 90 Day | -56.5% | -27.5% | -22.5% |
| 1 Year | -69.2%-69.7% | -16.3%-17.5% | -11.9%-13.6% |
| 3 Year | -71.0%-71.9% | -16.7%-20.3% | 12.1%4.9% |
| 5 Year | -71.0%-72.0% | -3.8%-11.4% | 30.5%16.3% |
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
2 weeks ago | Simply Wall St
What You Must Know About The E.W. Scripps Company's (NASDAQ:SSP) Beta Value1 month ago | Simply Wall St
The E.W. Scripps Company (NASDAQ:SSP) Delivered A Weaker ROE Than Its Industry1 month ago | Simply Wall St
Who Has Been Buying The E.W. Scripps Company (NASDAQ:SSP) Shares?Valuation
Is E.W. Scripps 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: SSP ($6.59) is trading below our estimate of fair value ($50.41)
Significantly Below Fair Value: SSP is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SSP is unprofitable, so we can't compare its PE Ratio to the 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 (0.6x) compared to the US Media industry average (0.9x).
Next Steps
Future Growth
How is E.W. Scripps forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
29.9%
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 (1.7%).
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 (12.3% per year) is forecast to grow faster than the US market (7.2% per year).
High Growth Revenue: SSP's revenue (12.3% 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?
30.6%
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 30.6% 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 (6%).
Return on Equity
High ROE: SSP has a negative Return on Equity (-2.05%), 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 ($577.4M) exceed its short term liabilities ($299.5M).
Long Term Liabilities: SSP's short term assets ($577.4M) do not cover its long term liabilities ($2.4B).
Debt to Equity History and Analysis
Debt Level: SSP's debt to equity ratio (213.3%) is considered high.
Reducing Debt: SSP's debt to equity ratio has increased from 37.8% to 213.3% over the past 5 years.
Balance Sheet
Inventory Level: SSP has a low level of unsold assets or inventory.
Debt Coverage by Assets: SSP's debt is not covered by short term assets (assets are 0.3x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: SSP has been profitable on average in the past, therefore cash runway is not a concern.
Forecast Cash Runway: SSP has been profitable on average in the past, therefore cash runway is not a concern.
Next Steps
Dividend
What is E.W. Scripps's current dividend yield, its reliability and sustainability?
3.03%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SSP's dividend (3.03%) is higher than the bottom 25% of dividend payers in the US market (2%).
High Dividend: SSP's dividend (3.03%) is low compared to the top 25% of dividend payers in the US market (5.56%).
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 2 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?
7.3yrs
Average management tenure
CEO
Adam Symson (44yo)
2.67s
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 ($USD2.20M).
Compensation vs Earnings: Adam's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.67yrs | US$4.45m | 0.16% $841.4k | |
| Executive VP & CFO | 2.5yrs | US$1.80m | 0.044% $236.6k | |
| Executive VP & General Counsel | 11.75yrs | US$1.54m | 0.19% $1.0m | |
| President of Local Media | 11.25yrs | US$2.26m | 0.14% $756.7k | |
| Executive Vice President of National Media | 2.67yrs | US$951.10k | 0.015% $83.0k | |
| VP & Chief Technology Officer | no data | no data | no data | |
| VP & Chief Information Officer | 12.25yrs | no data | 0.076% $407.9k | |
| Senior Vice President of Corporate Communications & Investor Relations | 7.25yrs | no data | 0.022% $117.2k | |
| Vice President of Audit & Compliance | 10.17yrs | no data | 0.062% $331.3k | |
| Vice President of Strategy | 1.67yrs | no data | no data |
7.3yrs
Average Tenure
52yo
Average Age
Experienced Management: SSP's management team is seasoned and experienced (7.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.67yrs | US$4.45m | 0.16% $841.4k | |
| Non-Executive Chairman | 6.92yrs | US$274.75k | 0.50% $2.7m | |
| Independent Director | 6.92yrs | US$162.75k | 0.030% $160.8k | |
| Independent Director | 11.75yrs | US$186.75k | 0.14% $736.1k | |
| Independent Director | 11.75yrs | US$177.75k | 0.088% $471.3k | |
| Lead Independent Director | 2.25yrs | US$225.09k | 0.18% $986.3k | |
| Independent Director | 0.92yr | US$142.00k | no data | |
| Independent Director | 7.67yrs | US$162.75k | 0.083% $442.5k | |
| Independent Director | 2.92yrs | US$160.75k | 0.34% $1.8m | |
| Independent Director | 4.92yrs | US$161.75k | 1.46% $7.8m |
5.9yrs
Average Tenure
59.5yo
Average Age
Experienced Board: SSP's board of directors are considered experienced (5.9 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$535.936m
- Shares outstanding: 81.33m
- Website: https://www.scripps.com
Number of Employees
Location
- The E.W. Scripps Company
- Scripps Center
- Suite 2800
- Cincinnati
- Ohio
- 45202
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SSP | NasdaqGS (Nasdaq Global Select) | Yes | Class A Common Stock | US | USD | Jun 1988 |
| SQ6B | DB (Deutsche Boerse AG) | Yes | Class A Common Stock | DE | EUR | Jun 1988 |
| SQ6B | BRSE (Berne Stock Exchange) | Yes | Class A Common Stock | CH | CHF | Jun 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, and Other segments. The Local Media segment operates broadcast television stations, which produce news, information, and entertainment content, as well as its related digital operations. This segment also runs network, syndicated, and original programming. The National Media segment offers content services through apps on Internet-connected devices, such as set-top boxes, smartphones, smart televisions, and tablets. This segment also operates Katz, which broadcasts content through over-the-air on local broadcasters' digital sub-channels, and cable and satellite; Newsy, a national news network, which provides politics, entertainment, science, and technology news; and Triton that offers digital audio technology and measurement services for digital audio marketplace. In addition, this segment operates Stitcher that create original podcasts, a digital audio recording of a themed series; provides a mobile application where consumers can stream the latest news, sports, talk, and entertainment on demand; offers podcast agency services; and operates Midroll Media advertising network. The company also operates Cracked, a multi-platform humor and satire brand, which informs and entertains audiences with a Website, social media, and podcast; and Scripps National Spelling Bee, an investigative reporting newsroom in Washington, D.C. It serves audiences and businesses. The company operates through a network of 36 television stations. The company was formerly known as Scripps Howard, Inc. The E.W. Scripps Company was founded in 1878 and is headquartered in Cincinnati, Ohio.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/02 01:45 |
| End of Day Share Price | 2020/04/01 00:00 |
| Earnings | 2019/12/31 |
| 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.