NasdaqGM:TPCO

Stock Analysis Report

Executive Summary

Tribune Publishing Company, a media company, publishes newspapers worldwide.


Snowflake Analysis

Excellent balance sheet and slightly overvalued.


Similar Companies

Share Price & News

How has Tribune Publishing's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

13.6%

TPCO

5.0%

US Media

7.2%

US Market


1 Year Return

-35.9%

TPCO

-12.9%

US Media

-10.4%

US Market

Return vs Industry: TPCO underperformed the US Media industry which returned -12.9% over the past year.

Return vs Market: TPCO underperformed the US Market which returned -10.4% over the past year.


Shareholder returns

TPCOIndustryMarket
7 Day13.6%5.0%7.2%
30 Day-33.1%-16.4%-12.6%
90 Day-41.7%-24.0%-19.4%
1 Year-21.5%-35.9%-11.6%-12.9%-8.5%-10.4%
3 Year-34.8%-46.8%-12.2%-16.0%15.8%8.3%
5 Year-48.7%-60.6%2.3%-5.8%35.8%21.0%

Price Volatility Vs. Market

How volatile is Tribune Publishing's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Tribune Publishing 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: TPCO ($7.67) is trading below our estimate of fair value ($53.01)

Significantly Below Fair Value: TPCO is trading below fair value by more than 20%.


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: TPCO is overvalued based on its PB Ratio (1x) compared to the US Media industry average (0.9x).


Next Steps

Future Growth

How is Tribune Publishing forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-2.0%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if TPCO's forecast earnings growth is above the savings rate (1.7%).

Earnings vs Market: Insufficient data to determine if TPCO's earnings are forecast to grow faster than the US market

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

Revenue vs Market: TPCO's revenue is expected to decline over the next 3 years (-2% per year).

High Growth Revenue: TPCO's revenue is forecast to decline over the next 3 years (-2% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if TPCO's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Tribune Publishing performed over the past 5 years?

-48.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TPCO is currently unprofitable.

Growing Profit Margin: TPCO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TPCO is unprofitable, and losses have increased over the past 5 years at a rate of -48.6% per year.

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

Earnings vs Industry: TPCO is unprofitable, making it difficult to compare its past year earnings growth to the Media industry (6%).


Return on Equity

High ROE: TPCO has a negative Return on Equity (0.89%), as it is currently unprofitable.


Next Steps

Financial Health

How is Tribune Publishing's financial position?


Financial Position Analysis

Short Term Liabilities: TPCO's short term assets ($193.7M) exceed its short term liabilities ($175.4M).

Long Term Liabilities: TPCO's short term assets ($193.7M) exceed its long term liabilities ($158.6M).


Debt to Equity History and Analysis

Debt Level: TPCO's debt to equity ratio (0.02%) is considered satisfactory.

Reducing Debt: TPCO's debt to equity ratio has reduced from 5552.2% to 0.02% over the past 5 years.


Balance Sheet

Inventory Level: TPCO has a high level of physical assets or inventory.

Debt Coverage by Assets: TPCO's debt is covered by short term assets (assets are 3282.2x 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: TPCO has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: TPCO has been profitable on average in the past, therefore cash runway is not a concern.


Next Steps

Dividend

What is Tribune Publishing's current dividend yield, its reliability and sustainability?

13.04%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TPCO's dividend (13.04%) is higher than the bottom 25% of dividend payers in the US market (1.95%).

High Dividend: TPCO's dividend (13.04%) is in the top 25% of dividend payers in the US market (5.4%)


Stability and Growth of Payments

Stable Dividend: TPCO has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: TPCO's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: TPCO is not forecast to pay a dividend in 3 years.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.0yrs

Average management tenure


CEO

Terry Jimenez (46yo)

0.17

Tenure

US$486,000

Compensation

Mr. Terry Jimenez has been President, Chief Executive Officer and Director of Tribune Publishing Company since January 31, 2020. Mr. Jimenez served as Chief Financial Officer and Executive Vice President o ...


CEO Compensation Analysis

Compensation vs Market: Terry's total compensation ($USD486.00K) is below average for companies of similar size in the US market ($USD1.49M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Terry Jimenez
CEO, President & Director0.17yrUS$486.00k0.54% $1.5m
Julie Xanders
Executive VP5.58yrsUS$476.00k0.13% $359.4k
Jeff Light
Editor-In-Chief of The San Diego Union-Tribune & Publisher of The San Diego Union-Tribune4yrsno datano data
Triffon Alatzas
Editor-In-Chief & Publisher of The Baltimore Sun4yrsno datano data
Marisa Porto
Editor-In-Chief of Daily Press & Publisher of Daily Press4yrsno datano data
Michael Lavey
Interim CFO0.17yrno data0.030% $84.7k
Jeffrey Dorsey
Senior VP & Chief Information Officerno datano datano data
Maya Bordeaux
Senior VP1yrno datano data
Mark Campbell
Senior Vice President of Digital Acquisition & Marketing4.17yrsno datano data
Bill Adee
Executive Vice President of Digitalno datano datano data

4.0yrs

Average Tenure

54yo

Average Age

Experienced Management: TPCO's management team is considered experienced (4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Terry Jimenez
CEO, President & Director0.17yrUS$486.00k0.54% $1.5m
Eddy Hartenstein
Independent Director5.58yrsUS$185.02k0.29% $809.6k
Philip Franklin
Non-Executive Chairman0.17yrUS$250.02k0.16% $453.9k
David Dreier
Director3.67yrsUS$185.02k0.40% $1.1m
Richard Reck
Independent Director3.83yrsUS$225.02k0.11% $318.5k
Christopher Minnetian
Director0.25yrno data0.013% $35.7k
Carol Crenshaw
Independent Director3.83yrsUS$205.02k0.087% $241.9k
Dana Needleman
Director0.25yrno data0.013% $35.7k

2.0yrs

Average Tenure

64yo

Average Age

Experienced Board: TPCO's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: TPCO 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

Tribune Publishing Company's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tribune Publishing Company
  • Ticker: TPCO
  • Exchange: NasdaqGM
  • Founded: 1847
  • Industry: Publishing
  • Sector: Media
  • Market Cap: US$278.119m
  • Shares outstanding: 36.26m
  • Website: https://www.tribpub.com

Number of Employees


Location

  • Tribune Publishing Company
  • 160 North Stetson Avenue
  • Chicago
  • Illinois
  • 60601
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TPCONasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDJul 2014
6T71DB (Deutsche Boerse AG)YesCommon StockDEEURJul 2014

Biography

Tribune Publishing Company, a media company, publishes newspapers worldwide. The company operates in two segments, M and X. It publishes daily newspapers; weekly newspapers; and digital platforms, such as Websites and mobile applications. The company also provides various digital marketing services, which include the development of mobile Websites, search engine marketing and optimization, social media account management, and content marketing for its customers’ Web presence for small to medium size businesses. In addition, it offers TCA, a syndication and licensing business that provides daily news service and syndicated premium content to approximately 2,000 media and digital information publishers. The company was formerly known as tronc, Inc. and changed its name to Tribune Publishing Company in October 2018. Tribune Publishing Company was founded in 1847 and is headquartered in Chicago, Illinois. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/31 03:41
End of Day Share Price2020/03/30 00:00
Earnings2019/12/29
Annual Earnings2019/12/29


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.