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.


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

3.1%

SSP

0.4%

US Media

0.6%

US Market


1 Year Return

-19.3%

SSP

19.7%

US Media

6.2%

US Market

Return vs Industry: SSP underperformed the US Media industry which returned 19.7% over the past year.

Return vs Market: SSP underperformed the US Market which returned 6.2% over the past year.


Share holder returns

SSPIndustryMarket
7 Day3.1%0.4%0.6%
30 Day-8.6%-3.6%-1.8%
90 Day-17.4%-3.4%-2.0%
1 Year-18.4%-19.3%21.2%19.7%8.6%6.2%
3 Year-9.0%-11.0%28.1%22.9%45.7%36.3%
5 Year-12.0%-23.7%48.4%36.6%68.5%50.0%

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?

21.99x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Undervalued: SSP ($13.01) is trading above our estimate of fair value ($2.75)

Significantly Undervalued: SSP is trading above our estimate of fair value.


Price Based on Earnings

PE vs Industry: SSP is poor value based on its PE Ratio (22x) compared to the Media industry average (12.8x).

PE vs Market: SSP is poor value based on its PE Ratio (22x) compared to the US market (17.5x).


Price Based on Expected Growth

Low PEG Ratio: SSP is good value based on its PEG Ratio (0.1x)


Price Based on Value of Assets

PB vs Industry: SSP is good value based on its PB Ratio (1.1x) compared to the US Media industry average (1.3x).


Next Steps

Future Growth

How is E.W. Scripps expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

150.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: SSP's forecast earnings growth (150% per year) is above the savings rate (2.7%).

Earnings vs Market: SSP's earnings (150% per year) are forecast to grow faster than the US market (14.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SSP's revenue (8% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: SSP's revenue (8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High 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?

39.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SSP has become profitable over the past 5 years, growing earnings by 39.9% per year.

Accelerating Growth: SSP has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: SSP has become profitable in the last year, making it difficult to compare its past year earnings growth to the Media industry (-35.1%).


Return on Equity

High ROE: SSP's Return on Equity (5.3%) is considered low.


Return on Assets

ROA vs Industry: SSP's Return on Assets is below or equal to the Media industry average last year.


Return on Capital Employed

ROCE Improving: SSP has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

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


Financial Position Analysis

Short Term Liabilities: SSP's short term assets ($721.1M) exceeds its short term liabilities ($218.6M)

Long Term Liabilities: SSP's short term assets ($721.1M) do not cover its long term liabilities ($1.9B)


Debt to Equity History and Analysis

Debt Level: SSP's debt to equity ratio (168.9%) is considered high

Reducing Debt: SSP's debt to equity ratio has increased from 37.3% to 168.9% over the past 5 years.

Debt Coverage: SSP's debt is not well covered by operating cash flow (8.2%).

Interest Coverage: SSP's interest payments on its debt are well covered by EBIT (3.3x coverage).


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 0.5x debt).


Next Steps

Dividend

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

1.54%

Expected Dividend Yield


Dividend Yield vs Market

company1.5%marketbottom25%1.5%markettop25%3.8%industryaverage2.8%forecastin3Years1.5%

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: SSP's dividend (1.54%) is higher than the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: SSP's dividend (1.54%) is low compared to the top 25% of dividend payers in the US market (3.77%).

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: With its reasonably low payout ratio (33.8%), SSP's dividend payments are well 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

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

8.6yrs

Average management tenure


CEO

Adam Symson (44yo)

2.2yrs

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

Compensation vs. Market: Adam has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.

Compensation vs Earnings: Adam's compensation has been consistent with company performance over the past year.


Management Age and Tenure

8.6yrs

Average Tenure

55.5yo

Average Age

Experienced Management: SSP's management team is seasoned and experienced (8.6 years average tenure).


Board Age and Tenure

5.4yrs

Average Tenure

59.5yo

Average Age

Experienced Board: SSP's board of directors are considered experienced (5.4 years average tenure).


Insider Trading

Insider Buying: SSP insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$1,199,56323 Aug 19
Corina Granado
EntityIndividual
Shares100,000
Max PriceUS$12.05
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$585,91605 Apr 19
Gabelli Foundation Inc, Endowment Arm
EntityCompany
Shares28,400
Max PriceUS$20.68
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
BuyUS$005 Apr 19
GAMCO Investors, Inc.
EntityCompany
Shares16,531
Max PriceUS$22.55
SellUS$199,80105 Apr 19
Gabelli & Company Investment Advisers, Inc.
EntityCompany
Shares9,000
Max PriceUS$22.43
SellUS$92,52205 Apr 19
Mario Gabelli
EntityIndividual
Shares4,500
Max PriceUS$21.65
SellUS$019 Feb 19
GAMCO Investors, Inc.
EntityCompany
Shares642,425
Max PriceUS$19.33
BuyUS$019 Feb 19
GAMCO Investors, Inc.
EntityCompany
Shares65,208
Max PriceUS$19.33
SellUS$87,70519 Feb 19
Gabelli Foundation Inc, Endowment Arm
EntityCompany
Shares4,600
Max PriceUS$19.42
SellUS$37,85719 Feb 19
Mario Gabelli
EntityIndividual
Shares2,000
Max PriceUS$19.13
SellUS$75,31619 Feb 19
Teton Advisors, Inc
EntityCompany
Shares4,000
Max PriceUS$18.83
SellUS$59,29019 Feb 19
Gabelli & Company Investment Advisers, Inc.
EntityCompany
Shares3,200
Max PriceUS$18.88
SellUS$68,10627 Nov 18
Mario Gabelli
EntityIndividual
Shares4,000
Max PriceUS$17.48
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$5,09427 Nov 18
Gabelli & Company Investment Advisers, Inc.
EntityCompany
Shares300
Max PriceUS$16.98

Ownership Breakdown


Management Team

  • Brian Lawlor (52yo)

    President of Local Media

    • Tenure: 10.8yrs
    • Compensation: US$1.59m
  • Bill Appleton (70yo)

    Executive VP & General Counsel

    • Tenure: 11.3yrs
    • Compensation: US$1.31m
  • Adam Symson (44yo)

    President

    • Tenure: 2.2yrs
    • Compensation: US$3.38m
  • Lisa Knutson (53yo)

    Executive VP & CFO

    • Tenure: 2yrs
    • Compensation: US$1.49m
  • Doug Lyons (62yo)

    Senior VP

    • Tenure: 4.4yrs
    • Compensation: US$799.82k
  • Bob Carson (63yo)

    VP & Chief Information Officer

    • Tenure: 11.8yrs
  • Julie McGehee (57yo)

    Corporate Secretary & VP of Human Resources Operations

    • Tenure: 0yrs
  • Mark Koors (55yo)

    Vice President of Audit & Compliance

    • Tenure: 9.7yrs
  • Carolyn Micheli (49yo)

    VP, Corporate Communications and Investor Relations

    • Tenure: 6.8yrs
  • Jessica Rappaport (56yo)

    Vice President of Marketing

    • Tenure: 8.6yrs

Board Members

  • Rich Boehne (63yo)

    Non-Executive Chairman

    • Tenure: 6.4yrs
    • Compensation: US$258.86k
  • Kelly Conlin (59yo)

    Director

    • Tenure: 6.4yrs
    • Compensation: US$146.11k
  • Roger Ogden (73yo)

    Director

    • Tenure: 11.3yrs
    • Compensation: US$158.11k
  • John Hayden (61yo)

    Director

    • Tenure: 11.3yrs
    • Compensation: US$163.11k
  • Adam Symson (44yo)

    President

    • Tenure: 2.2yrs
    • Compensation: US$3.38m
  • Kim Williams (63yo)

    Lead Director

    • Tenure: 1.8yrs
    • Compensation: US$187.53k
  • Wonya Lucas (57yo)

    Director

    • Tenure: 0.4yrs
  • Anne La Dow (60yo)

    Director

    • Tenure: 7.2yrs
    • Compensation: US$145.11k
  • Mike Scagliotti (47yo)

    Director

    • Tenure: 2.4yrs
    • Compensation: US$145.11k
  • Charles Barmonde (43yo)

    Director

    • Tenure: 4.4yrs
    • 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$1.052b
  • 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 Analysis2019/10/11 23:53
End of Day Share Price2019/10/11 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.

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