NYSE:AHC

Stock Analysis Report

Executive Summary

A.H. Belo Corporation, together with its subsidiaries, operates as a local news and information publishing company primarily in Texas.


Snowflake Analysis

Flawless balance sheet and good value.


Similar Companies

Share Price & News

How has A.H. Belo's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-0.3%

AHC

10.9%

US Media

10.5%

US Market


1 Year Return

-54.6%

AHC

-12.6%

US Media

-11.5%

US Market

Return vs Industry: AHC underperformed the US Media industry which returned -12.6% over the past year.

Return vs Market: AHC underperformed the US Market which returned -11.5% over the past year.


Shareholder returns

AHCIndustryMarket
7 Day-0.3%10.9%10.5%
30 Day-35.9%-19.0%-15.4%
90 Day-39.6%-24.1%-21.4%
1 Year-50.2%-54.6%-11.3%-12.6%-9.6%-11.5%
3 Year-64.6%-72.5%-12.5%-16.2%12.6%5.4%
5 Year-70.5%-79.6%1.9%-6.0%32.8%18.1%

Price Volatility Vs. Market

How volatile is A.H. Belo's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is A.H. Belo undervalued compared to its fair value and its price relative to the market?

16.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AHC ($1.69) is trading below our estimate of fair value ($2.03)

Significantly Below Fair Value: AHC is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: AHC is good value based on its PE Ratio (2.8x) compared to the Media industry average (10x).

PE vs Market: AHC is good value based on its PE Ratio (2.8x) compared to the US market (13x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate AHC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: AHC is good value based on its PB Ratio (0.5x) compared to the US Media industry average (0.9x).


Next Steps

Future Growth

How is A.H. Belo forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

16.3%

Forecasted Media industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as A.H. Belo has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has A.H. Belo performed over the past 5 years?

-41.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AHC has a high level of non-cash earnings.

Growing Profit Margin: AHC's current net profit margins (6.6%) are higher than last year (4.8%).


Past Earnings Growth Analysis

Earnings Trend: AHC's earnings have declined by -41% per year over the past 5 years.

Accelerating Growth: AHC's earnings growth over the past year (20.5%) exceeds its 5-year average (-41% per year).

Earnings vs Industry: AHC earnings growth over the past year (20.5%) exceeded the Media industry 4.2%.


Return on Equity

High ROE: AHC's Return on Equity (16.1%) is considered low.


Next Steps

Financial Health

How is A.H. Belo's financial position?


Financial Position Analysis

Short Term Liabilities: AHC's short term assets ($81.7M) exceed its short term liabilities ($30.8M).

Long Term Liabilities: AHC's short term assets ($81.7M) exceed its long term liabilities ($59.6M).


Debt to Equity History and Analysis

Debt Level: AHC is debt free.

Reducing Debt: AHC has not had any debt for past 5 years.

Debt Coverage: AHC has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: AHC has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if AHC's debt is covered by short term assets.


Next Steps

Dividend

What is A.H. Belo's current dividend yield, its reliability and sustainability?

18.93%

Current Dividend Yield


Upcoming Dividend Payment

TodayMar 29 2020Ex Dividend DateMay 14 2020Dividend Pay DateJun 05 202022 days from Ex DividendBuy in the next 46 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: AHC's dividend (18.93%) is higher than the bottom 25% of dividend payers in the US market (1.98%).

High Dividend: AHC's dividend (18.93%) is in the top 25% of dividend payers in the US market (5.45%)


Stability and Growth of Payments

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

Growing Dividend: AHC's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (53.7%), AHC's dividend payments are 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

  • Explore strong dividend paying companies in the Media industry.

Management

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

3.1yrs

Average management tenure


CEO

Robert Decherd (67yo)

1.83s

Tenure

US$275,230

Compensation

Mr. Robert W. Decherd has been the Chairman, Chief Executive Officer and President of A.H. Belo Corporation since May 17, 2018 and its Director since October 2007. Mr. Decherd served as Chairman, Chief Exe ...


CEO Compensation Analysis

Compensation vs Market: Robert's total compensation ($USD275.23K) is below average for companies of similar size in the US market ($USD601.33K).

Compensation vs Earnings: Robert's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Robert Decherd
Chairman1.83yrsUS$275.23k10.6% $3.9m
Grant Moise
President & Publisher of The Dallas Morning News3.08yrsUS$808.72k0.064% $23.8k
Timothy Storer
Senior VP & President of Belo + Company3yrsUS$1.13m0.22% $83.2k
Mary Murray
Senior VP4.92yrsUS$633.82k0.058% $21.6k
Christine Larkin
Senior VP7.08yrsUS$521.09k0.039% $14.5k
Julie Hoagland
Senior VP & Chief People Officer3.67yrsno data0.0057% $2.1k
Eric Myers
President of Belo Media Group1.08yrsno datano data

3.1yrs

Average Tenure

50.5yo

Average Age

Experienced Management: AHC's management team is considered experienced (3.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Robert Decherd
Chairman1.83yrsUS$275.23k10.6% $3.9m
Louis Caldera
Independent Director9yrsUS$137.46k0.14% $52.6k
John Beckert
Lead Directorno dataUS$144.97k0.19% $70.4k
Ronald McCray
Independent Director9.5yrsUS$134.97k0.14% $52.2k
Tyree Miller
Independent Director10.83yrsUS$147.46k0.21% $78.8k
David Abramson
Directorno datano datano data
Nicole Small
Independent Director8.5yrsUS$127.46k0.13% $46.6k

9.0yrs

Average Tenure

65yo

Average Age

Experienced Board: AHC's board of directors are considered experienced (9 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: AHC 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

A.H. Belo Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: A.H. Belo Corporation
  • Ticker: AHC
  • Exchange: NYSE
  • Founded: 1842
  • Industry: Publishing
  • Sector: Media
  • Market Cap: US$37.197m
  • Shares outstanding: 21.46m
  • Website: https://www.ahbelo.com

Number of Employees


Location

  • A.H. Belo Corporation
  • 1954 Commerce Street
  • Dallas
  • Texas
  • 75201
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AHCNYSE (New York Stock Exchange)YesSeries A Common StockUSUSDJan 2008
1KBDB (Deutsche Boerse AG)YesSeries A Common StockDEEURJan 2008

Biography

A.H. Belo Corporation, together with its subsidiaries, operates as a local news and information publishing company primarily in Texas. The company operates through two segments, Publishing and Marketing Services. The Publishing segment publishes The Dallas Morning News, a newspaper; Briefing newspaper; and Al Dia, a Spanish-language newspaper, as well as operates related Websites and applications. It also provides commercial printing, distribution, direct mail, and event-based services; and automotive classifieds on the cars.com platform. The Marketing Services Segment offers digital marketing services, such as multi-channel marketing solutions through subscription sales of its cloud-based software; marketing analytics, search engine marketing, and other marketing related services; social media account management and content marketing services; and multi-channel advertising campaigns, as well as marketing and promotional products for businesses. A.H. Belo Corporation was founded in 1842 and is headquartered in Dallas, Texas. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/28 03:22
End of Day Share Price2020/03/27 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.