NYSE:CCO

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Clear Channel Outdoor Holdings

Executive Summary

Clear Channel Outdoor Holdings, Inc., an outdoor advertising company, owns, operates, and sells advertising displays in the United States and internationally. More Details


Snowflake Analysis

Concerning outlook with worrying balance sheet.


Similar Companies

Share Price & News

How has Clear Channel Outdoor Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CCO is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: CCO's weekly volatility has decreased from 17% to 11% over the past year, but is still higher than 75% of US stocks.


Market Performance


7 Day Return

22.0%

CCO

2.6%

US Media

2.8%

US Market


1 Year Return

-38.5%

CCO

13.9%

US Media

20.7%

US Market

Return vs Industry: CCO underperformed the US Media industry which returned 13.9% over the past year.

Return vs Market: CCO underperformed the US Market which returned 20.7% over the past year.


Shareholder returns

CCOIndustryMarket
7 Day22.0%2.6%2.8%
30 Day67.6%21.4%12.3%
90 Day24.0%11.9%6.4%
1 Year-38.5%-38.5%15.6%13.9%23.4%20.7%
3 Year-64.3%-64.9%35.5%29.7%47.2%37.4%
5 Year-41.1%-69.1%66.1%54.1%94.1%72.7%

Long-Term Price Volatility Vs. Market

How volatile is Clear Channel Outdoor Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Clear Channel Outdoor Holdings undervalued compared to its fair value and its price relative to the market?


Share Price vs. Fair Value

Below Fair Value: CCO ($1.53) is trading above our estimate of fair value ($0.73)

Significantly Below Fair Value: CCO is trading above our estimate of fair value.


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: CCO has negative assets, so we can't compare its PB Ratio to the US Media industry average.


Next Steps

Future Growth

How is Clear Channel Outdoor Holdings forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

54.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CCO is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: CCO is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: CCO is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: CCO's revenue (13% per year) is forecast to grow faster than the US market (10.2% per year).

High Growth Revenue: CCO's revenue (13% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CCO's Return on Equity is forecast to be low in 3 years time (13.7%).


Next Steps

Past Performance

How has Clear Channel Outdoor Holdings performed over the past 5 years?

-41.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CCO is currently unprofitable.

Growing Profit Margin: CCO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CCO is unprofitable, and losses have increased over the past 5 years at a rate of 41.1% per year.

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

Earnings vs Industry: CCO is unprofitable, making it difficult to compare its past year earnings growth to the Media industry (-12.2%).


Return on Equity

High ROE: CCO's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Clear Channel Outdoor Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: CCO has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: CCO has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: CCO has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: CCO's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


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: CCO has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if CCO has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Clear Channel Outdoor Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate CCO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CCO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CCO's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CCO's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: CCO is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CCO's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

5.7yrs

Average management tenure


CEO

Christopher Eccleshare (64 yo)

8.83yrs

Tenure

US$10,577,178

Compensation

Mr. Christopher William Eccleshare has been the Chairman and Chief Executive Officer of Clear Channel International at Clear Channel Outdoor Holdings Inc., iHeartMedia, Inc., iHeartMedia Capital I, LLC and...


CEO Compensation Analysis

Compensation vs Market: Christopher's total compensation ($USD10.58M) is above average for companies of similar size in the US market ($USD2.56M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Christopher Eccleshare
CEO-Worldwide8.83yrsUS$10.58m0.10%
$ 716.2k
Brian Coleman
CFO & Treasurerno dataUS$2.49m0.044%
$ 316.1k
Jason Dilger
Senior VP & Chief Accounting Officer1.5yrsUS$818.43k0.013%
$ 90.6k
Lynn Feldman
Executive VP4.42yrsUS$1.97m0.041%
$ 288.7k
Scott Wells
Executive VP & CEO of Clear Channel Outdoor Americas5.67yrsUS$3.39m0.15%
$ 1.1m
Steven Macri
Senior Vice President of Corporate Finance6.17yrsUS$471.67kno data
Eileen McLaughlin
Vice President – Investor Relationsno datano datano data
Jason King
Senior Vice President of Corporate Communications & Marketingno datano datano data
Philippe Baudillon
Chief Executive Officer of France Operationsno datano datano data
Michelle Costa
Executive VP & Regional Presidentno datano datano data
Orlando Ortiz
Senior Vice President of Operationsno datano datano data
Lauren Dean
Senior VPno datano datano data

5.7yrs

Average Tenure

51yo

Average Age

Experienced Management: CCO's management team is seasoned and experienced (5.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Christopher Eccleshare
CEO-Worldwide8.83yrsUS$10.58m0.10%
$ 716.2k
W. Moreland
Independent Chairman & Lead Independent Director1.83yrsUS$318.32k0.19%
$ 1.4m
Lisa Hammitt
Independent Director1.83yrsUS$286.11k0.0089%
$ 63.8k
Andrew Hobson
Independent Director1.83yrsUS$291.73k0.052%
$ 368.8k
Mary-Teresa Rainey
Independent Director1.5yrsUS$292.48k0.0089%
$ 63.8k
John Dionne
Independent Director1.83yrsUS$289.86k0.0089%
$ 63.8k
Jinhy Yoon
Director1.83yrsno datano data
Joe Marchese
Independent Director1.83yrsUS$291.91k0.012%
$ 85.9k
Thomas King
Independent Director1.83yrsUS$287.98k0.0089%
$ 63.8k

1.8yrs

Average Tenure

57.5yo

Average Age

Experienced Board: CCO's board of directors are not considered experienced ( 1.8 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: 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

Clear Channel Outdoor Holdings, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Clear Channel Outdoor Holdings, Inc.
  • Ticker: CCO
  • Exchange: NYSE
  • Founded: 1995
  • Industry: Advertising
  • Sector: Media
  • Market Cap: US$712.596m
  • Shares outstanding: 467.28m
  • Website: https://www.clearchanneloutdoor.com

Number of Employees


Location

  • Clear Channel Outdoor Holdings, Inc.
  • 4830 North Loop 1604 West
  • Suite 111
  • San Antonio
  • Texas
  • 78249
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CCONYSE (New York Stock Exchange)YesCommon StockUSUSDNov 2005
C7C1DB (Deutsche Boerse AG)YesCommon StockDEEURNov 2005

Biography

Clear Channel Outdoor Holdings, Inc., an outdoor advertising company, owns, operates, and sells advertising displays in the United States and internationally. It operates through two segments, Americas Out...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/27 23:52
End of Day Share Price2020/11/27 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.