NasdaqGS:SSP

Stock Analysis Report

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.

Snowflake

Fundamentals

Reasonable growth potential and slightly overvalued.

Risks

  • E.W. Scripps has significant price volatility in the past 3 months.

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


Market Performance


7 Day Return

1.2%

NasdaqGS:SSP

3.0%

US Media

2.9%

US Market


1 Year Return

-20.1%

NasdaqGS:SSP

15.7%

US Media

0.2%

US Market

SSP underperformed the Media industry which returned 14.2% over the past year.

SSP underperformed the Market in United States of America which returned -0.7% over the past year.


Share holder returns

SSPIndustryMarket
7 Day1.2%3.0%2.9%
30 Day-19.1%-3.5%-2.3%
90 Day-24.4%1.3%3.1%
1 Year-19.2%-20.1%17.2%15.7%2.4%0.2%
3 Year-30.8%-32.1%25.5%20.3%41.7%32.4%
5 Year-27.8%-37.2%31.8%21.4%55.1%37.9%

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 based on future cash flows and its price relative to the stock market?

20.08x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

E.W. Scripps's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

E.W. Scripps's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

E.W. Scripps is overvalued based on earnings compared to the US Media industry average.

E.W. Scripps is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

E.W. Scripps is good value based on expected growth next year.


Price Based on Value of Assets

E.W. Scripps is good value based on assets compared to the US Media industry average.


Next Steps

Future Growth

How is E.W. Scripps expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

129.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

E.W. Scripps's revenue is expected to grow by 8.4% yearly, however this is not considered high growth (20% yearly).

E.W. Scripps's earnings are expected to grow significantly at over 20% yearly.

E.W. Scripps's revenue growth is expected to exceed the United States of America market average.

E.W. Scripps's earnings growth is expected to exceed the United States of America market average.

E.W. Scripps's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if E.W. Scripps will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

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

39.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

E.W. Scripps has delivered over 20% year on year earnings growth in the past 5 years.

E.W. Scripps has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.

E.W. Scripps has become profitable in the last year making it difficult to compare the US Media industry average.


Return on Equity

E.W. Scripps has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

E.W. Scripps used its assets less efficiently than the US Media industry average last year based on Return on Assets.


Return on Capital Employed

E.W. Scripps has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

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


Financial Position Analysis

E.W. Scripps is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

E.W. Scripps's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

E.W. Scripps's level of debt (168.9%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (37.3% vs 168.9% today).

Debt is not well covered by operating cash flow (8.2%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 3.3x coverage).


Balance Sheet

Low level of unsold assets.

Debt is not covered by short term assets, assets are 0.5x debt.


Next Steps

Dividend

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

1.68%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase E.W. Scripps before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

E.W. Scripps's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

E.W. Scripps's dividend is below the markets top 25% of dividend payers in United States of America (3.85%).

Whilst dividend payments have been stable, E.W. Scripps has been paying a dividend for less than 10 years.

E.W. Scripps has only been paying a dividend for 2 years, and since then there has been no growth.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of E.W. Scripps's salary, the management and board of directors tenure and is there insider trading?

8.4yrs

Average management tenure


CEO

Adam Symson (44yo)

2.0yrs

Tenure

US$3,384,554

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

Adam's remuneration is about average for companies of similar size in United States of America.

Adam's compensation has increased in line with E.W. Scripps recently becoming profitable.


Management Age and Tenure

8.4yrs

Average Tenure

55.5yo

Average Age

The average tenure for the E.W. Scripps management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

5.3yrs

Average Tenure

59.5yo

Average Age

The tenure for the E.W. Scripps board of directors is about average.


Insider Trading

More shares have been bought than sold by E.W. Scripps individual insiders in the past 3 months, but not in substantial volumes.


Recent Insider Transactions

SellUS$1,288,80007 Aug 19
The William and Kathryn Scripps Family Foundation Inc, Endowment Arm
EntityCompany
Shares80,000
Max PriceUS$16.11
SellUS$031 Jul 19
GAMCO Investors, Inc.
EntityCompany
Shares437,152
Max PriceUS$15.77
BuyUS$291,85031 Jul 19
GAMCO Investors, Inc.
EntityCompany
Shares87,547
Max PriceUS$15.59
BuyUS$30,44031 Jul 19
Mario Gabelli
EntityIndividual
Shares2,000
Max PriceUS$15.22
SellUS$780,78105 Apr 19
Teton Advisors, Inc
EntityCompany
Shares35,448
Max PriceUS$22.60
SellUS$2,648,23305 Apr 19
GAMCO Investors, Inc.
EntityCompany
Shares636,975
Max PriceUS$23.11
SellUS$585,91605 Apr 19
Gabelli Foundation Inc, Endowment Arm
EntityCompany
Shares28,400
Max PriceUS$20.68
SellUS$92,52205 Apr 19
Mario Gabelli
EntityIndividual
Shares4,500
Max PriceUS$21.65
SellUS$199,80105 Apr 19
Gabelli & Company Investment Advisers, Inc.
EntityCompany
Shares9,000
Max PriceUS$22.43
BuyUS$005 Apr 19
GAMCO Investors, Inc.
EntityCompany
Shares16,531
Max PriceUS$22.55
BuyUS$019 Feb 19
GAMCO Investors, Inc.
EntityCompany
Shares65,208
Max PriceUS$19.33
SellUS$019 Feb 19
GAMCO Investors, Inc.
EntityCompany
Shares642,425
Max PriceUS$19.33
SellUS$59,29019 Feb 19
Gabelli & Company Investment Advisers, Inc.
EntityCompany
Shares3,200
Max PriceUS$18.88
SellUS$75,31619 Feb 19
Teton Advisors, Inc
EntityCompany
Shares4,000
Max PriceUS$18.83
SellUS$37,85719 Feb 19
Mario Gabelli
EntityIndividual
Shares2,000
Max PriceUS$19.13
SellUS$87,70519 Feb 19
Gabelli Foundation Inc, Endowment Arm
EntityCompany
Shares4,600
Max PriceUS$19.42
SellUS$3,398,43227 Nov 18
GAMCO Investors, Inc.
EntityCompany
Shares583,414
Max PriceUS$18.33
BuyUS$027 Nov 18
GAMCO Investors, Inc.
EntityCompany
Shares11,593
Max PriceUS$17.51
SellUS$68,10627 Nov 18
Mario Gabelli
EntityIndividual
Shares4,000
Max PriceUS$17.48
SellUS$5,09427 Nov 18
Gabelli & Company Investment Advisers, Inc.
EntityCompany
Shares300
Max PriceUS$16.98
BuyUS$181,69027 Sep 18
Mary Peirce
EntityIndividual
Shares11,061
Max PriceUS$16.43
BuyUS$143,59820 Sep 18
Mary Peirce
EntityIndividual
Shares8,795
Max PriceUS$16.33

Ownership Breakdown


Management Team

  • Brian Lawlor (52yo)

    President of Local Media

    • Tenure: 10.6yrs
    • Compensation: US$1.59m
  • Bill Appleton (70yo)

    Executive VP & General Counsel

    • Tenure: 11.1yrs
    • Compensation: US$1.31m
  • Adam Symson (44yo)

    President

    • Tenure: 2.0yrs
    • Compensation: US$3.38m
  • Lisa Knutson (53yo)

    Executive VP & CFO

    • Tenure: 1.8yrs
    • Compensation: US$1.49m
  • Doug Lyons (62yo)

    Senior VP

    • Tenure: 4.3yrs
    • Compensation: US$799.82k
  • Bob Carson (63yo)

    VP & Chief Information Officer

    • Tenure: 11.6yrs
  • Julie McGehee (57yo)

    Corporate Secretary & VP of Human Resources Operations

    • Tenure: 0.0yrs
  • Mark Koors (55yo)

    Vice President of Audit & Compliance

    • Tenure: 9.5yrs
  • Carolyn Micheli (49yo)

    VP, Corporate Communications and Investor Relations

    • Tenure: 6.6yrs
  • Jessica Rappaport (56yo)

    Vice President of Marketing

    • Tenure: 8.4yrs

Board Members

  • Rich Boehne (63yo)

    Non-Executive Chairman

    • Tenure: 6.3yrs
    • Compensation: US$258.86k
  • Kelly Conlin (59yo)

    Director

    • Tenure: 6.3yrs
    • Compensation: US$146.11k
  • Roger Ogden (73yo)

    Director

    • Tenure: 11.1yrs
    • Compensation: US$158.11k
  • John Hayden (61yo)

    Director

    • Tenure: 11.1yrs
    • Compensation: US$163.11k
  • Adam Symson (44yo)

    President

    • Tenure: 2.0yrs
    • Compensation: US$3.38m
  • Kim Williams (63yo)

    Lead Director

    • Tenure: 1.6yrs
    • Compensation: US$187.53k
  • Wonya Lucas (57yo)

    Director

    • Tenure: 0.3yrs
  • Anne La Dow (60yo)

    Director

    • Tenure: 7.0yrs
    • Compensation: US$145.11k
  • Mike Scagliotti (47yo)

    Director

    • Tenure: 2.3yrs
    • Compensation: US$145.11k
  • Charles Barmonde (43yo)

    Director

    • Tenure: 4.3yrs
    • Compensation: US$146.11k

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$960.771m
  • Shares outstanding: 80.87m
  • 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 Analysis2019/08/21 23:42
End of Day Share Price2019/08/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.