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Entercom Communications

NYSE:ETM
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ETM
NYSE
$907M
Market Cap
  1. Home
  2. US
  3. Media
Company description

Entercom Communications Corp., a media and entertainment company, engages in radio broadcasting business in the United States. The last earnings update was 19 days ago. More info.


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ETM Share Price and Events
7 Day Returns
-0.8%
NYSE:ETM
2.7%
US Media
1.6%
US Market
1 Year Returns
-14.6%
NYSE:ETM
22.4%
US Media
2.6%
US Market
ETM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Entercom Communications (ETM) -0.8% 3.6% -16.4% -14.6% -48.8% -39.7%
US Media 2.7% 1.1% 9.4% 22.4% 26.5% 27.7%
US Market 1.6% -1.7% 2.1% 2.6% 38.5% 41.4%
1 Year Return vs Industry and Market
  • ETM underperformed the Media industry which returned 22.4% over the past year.
  • ETM underperformed the Market in United States of America which returned 2.6% over the past year.
Price Volatility
ETM
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Entercom Communications undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Entercom Communications to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Entercom Communications.

NYSE:ETM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:ETM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Media Unlevered Beta Simply Wall St/ S&P Global 0.83
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.827 (1 + (1- 21%) (221.11%))
1.852
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.85
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.852 * 5.96%)
13.77%

Discounted Cash Flow Calculation for NYSE:ETM using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Entercom Communications is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:ETM DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 13.77%)
2019 149.18 Analyst x3 131.13
2020 189.56 Analyst x3 146.46
2021 199.50 Analyst x2 135.48
2022 209.00 Analyst x1 124.76
2023 217.52 Est @ 4.08% 114.13
2024 225.51 Est @ 3.67% 104.00
2025 233.15 Est @ 3.39% 94.52
2026 240.60 Est @ 3.19% 85.73
2027 247.94 Est @ 3.05% 77.66
2028 255.27 Est @ 2.96% 70.28
Present value of next 10 years cash flows $1,084.14
NYSE:ETM DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $255.27 × (1 + 2.73%) ÷ (13.77% – 2.73%)
$2,375.83
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,375.83 ÷ (1 + 13.77%)10
$654.06
NYSE:ETM Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,084.14 + $654.06
$1,738.20
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,738.20 / 142.61
$12.19
NYSE:ETM Discount to Share Price
Calculation Result
Value per share (USD) From above. $12.19
Current discount Discount to share price of $6.36
= -1 x ($6.36 - $12.19) / $12.19
47.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Entercom Communications is available for.
Intrinsic value
48%
Share price is $6.36 vs Future cash flow value of $12.19
Current Discount Checks
For Entercom Communications to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Entercom Communications's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Entercom Communications's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Entercom Communications's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Entercom Communications's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:ETM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-2.50
NYSE:ETM Share Price ** NYSE (2019-05-21) in USD $6.36
United States of America Media Industry PE Ratio Median Figure of 42 Publicly-Listed Media Companies 16.77x
United States of America Market PE Ratio Median Figure of 3,087 Publicly-Listed Companies 17.74x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Entercom Communications.

NYSE:ETM PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:ETM Share Price ÷ EPS (both in USD)

= 6.36 ÷ -2.50

-2.54x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Entercom Communications is loss making, we can't compare its value to the US Media industry average.
  • Entercom Communications is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Entercom Communications's expected growth come at a high price?
Raw Data
NYSE:ETM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.54x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
40.2%per year
United States of America Media Industry PEG Ratio Median Figure of 32 Publicly-Listed Media Companies 1.27x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Entercom Communications, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Entercom Communications's assets?
Raw Data
NYSE:ETM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $9.33
NYSE:ETM Share Price * NYSE (2019-05-21) in USD $6.36
United States of America Media Industry PB Ratio Median Figure of 76 Publicly-Listed Media Companies 1.76x
United States of America Market PB Ratio Median Figure of 5,202 Publicly-Listed Companies 1.84x
NYSE:ETM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:ETM Share Price ÷ Book Value per Share (both in USD)

= 6.36 ÷ 9.33

0.68x

* Primary Listing of Entercom Communications.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Entercom Communications is good value based on assets compared to the US Media industry average.
X
Value checks
We assess Entercom Communications's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Media industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Media industry average (and greater than 0)? (1 check)
  5. Entercom Communications has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Entercom Communications expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
40.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Entercom Communications expected to grow at an attractive rate?
  • Entercom Communications's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Entercom Communications's earnings growth is expected to exceed the United States of America market average.
  • Entercom Communications's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:ETM Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:ETM Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 40.2%
NYSE:ETM Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 2.1%
United States of America Media Industry Earnings Growth Rate Market Cap Weighted Average 15%
United States of America Media Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.8%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:ETM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:ETM Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 1,591 171 1
2021-12-31 1,553 254 171 2
2020-12-31 1,532 237 163 3
2019-12-31 1,492 222 138 3
NYSE:ETM Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 1,471 102 -345
2018-12-31 1,463 102 -363
2018-09-30 1,298 97 256
2018-06-30 1,042 50 222
2018-03-31 794 89 227
2017-12-31 593 29 231
2017-09-30 471 46 10
2017-06-30 470 62 18
2017-03-31 468 54 22
2016-12-31 465 72 36
2016-09-30 458 73 39
2016-06-30 451 69 36

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Entercom Communications's earnings are expected to grow significantly at over 20% yearly.
  • Entercom Communications's revenue is expected to grow by 2.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:ETM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Entercom Communications Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:ETM Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 1.32 1.32 1.32 1.00
2020-12-31 1.21 1.23 1.18 2.00
2019-12-31 1.01 1.03 0.98 2.00
NYSE:ETM Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -2.50
2018-12-31 -2.63
2018-09-30 2.02
2018-06-30 2.19
2018-03-31 2.97
2017-12-31 4.49
2017-09-30 0.26
2017-06-30 0.46
2017-03-31 0.58
2016-12-31 0.94
2016-09-30 1.02
2016-06-30 0.95

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Entercom Communications will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Entercom Communications's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Entercom Communications has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Entercom Communications performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Entercom Communications's growth in the last year to its industry (Media).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Entercom Communications does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Entercom Communications's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Entercom Communications's 1-year growth to the US Media industry average as it is not currently profitable.
Earnings and Revenue History
Entercom Communications's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Entercom Communications Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:ETM Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,471.01 -345.26 71.76
2018-12-31 1,462.57 -362.59 69.49
2018-09-30 1,297.81 255.56 72.68
2018-06-30 1,041.60 222.41 66.12
2018-03-31 794.44 226.67 55.96
2017-12-31 592.88 231.00 47.86
2017-09-30 470.82 10.27 37.22
2017-06-30 470.16 17.73 36.68
2017-03-31 467.67 22.28 36.30
2016-12-31 464.77 36.16 33.33
2016-09-30 457.93 38.99 31.68
2016-06-30 450.95 36.20 29.84
2016-03-31 429.06 32.52 27.80
2015-12-31 414.48 28.43 26.48
2015-09-30 395.19 25.61 26.17
2015-06-30 380.37 23.98 25.53
2015-03-31 379.97 25.37 25.44
2014-12-31 379.79 26.82 25.57
2014-09-30 377.86 25.48 25.59
2014-06-30 376.46 25.88 25.31
2014-03-31 377.49 27.64 24.57
2013-12-31 377.62 26.02 24.38
2013-09-30 380.13 23.86 24.60
2013-06-30 383.99 25.17 24.89
2013-03-31 387.32 12.07 25.47
2012-12-31 388.92 11.27 25.87
2012-09-30 381.97 12.21 25.13
2012-06-30 380.10 12.27 24.35

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Entercom Communications has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Entercom Communications has efficiently used its assets last year compared to the US Media industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Entercom Communications improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Entercom Communications's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Media industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Entercom Communications has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Entercom Communications's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Entercom Communications's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Entercom Communications is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Entercom Communications's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Entercom Communications's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Entercom Communications Company Filings, last reported 1 month ago.

NYSE:ETM Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,331.50 2,005.43 68.27
2018-12-31 1,334.26 1,872.20 122.89
2018-09-30 1,739.39 1,925.46 200.19
2018-06-30 1,711.49 1,928.73 39.93
2018-03-31 1,719.19 1,852.01 34.77
2017-12-31 1,764.36 1,872.76 34.17
2017-09-30 410.90 474.54 5.39
2017-06-30 416.88 461.01 8.59
2017-03-31 412.61 458.00 4.70
2016-12-31 421.11 472.47 46.84
2016-09-30 411.08 438.91 9.91
2016-06-30 401.30 460.27 11.07
2016-03-31 392.41 463.03 14.63
2015-12-31 389.07 480.56 9.17
2015-09-30 374.00 504.93 9.21
2015-06-30 336.73 478.59 43.66
2015-03-31 328.73 479.26 46.58
2014-12-31 329.02 479.93 31.54
2014-09-30 317.24 481.85 16.05
2014-06-30 309.51 489.77 7.10
2014-03-31 300.10 492.70 5.93
2013-12-31 298.39 517.12 12.23
2013-09-30 283.27 525.62 6.57
2013-06-30 275.50 545.56 6.34
2013-03-31 265.13 561.83 6.49
2012-12-31 269.49 582.55 8.92
2012-09-30 258.65 599.50 6.60
2012-06-30 249.23 623.44 6.74
  • Entercom Communications's level of debt (150.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (164.1% vs 150.6% today).
  • Debt is not well covered by operating cash flow (5.1%, less than 20% of total debt).
  • Entercom Communications is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Entercom Communications's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Entercom Communications has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Entercom Communications's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.66%
Current annual income from Entercom Communications dividends. Estimated to be 5.97% next year.
If you bought $2,000 of Entercom Communications shares you are expected to receive $113 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Entercom Communications's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
  • Entercom Communications's dividend is above the markets top 25% of dividend payers in United States of America (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:ETM Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
United States of America Media Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2003 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:ETM Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 0.42 1.00
2020-12-31 0.38 2.00
2019-12-31 0.36 2.00
NYSE:ETM Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-26 0.360 5.893
2018-11-12 0.360 5.381
2018-11-08 0.360 5.024
2018-11-06 0.360 5.031
2018-05-21 0.360 4.841
2018-03-08 0.360 3.833
2017-11-02 0.360 3.308
2017-07-28 0.300 2.795
2017-05-12 0.300 2.988
2017-02-09 0.300 2.209
2016-07-20 0.300 2.116
2016-05-02 0.300 2.328
2010-08-02 0.000 0.000
2010-07-27 0.000 0.000
2010-05-07 0.000 0.000
2010-05-06 0.000 0.000
2010-03-15 0.000 0.000
2010-02-23 0.000 0.000
2009-11-09 0.000 0.000
2009-11-02 0.000 0.000
2009-08-05 0.000 0.000
2009-08-03 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Entercom Communications has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Entercom Communications only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Entercom Communications's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.1x coverage).
X
Income/ dividend checks
We assess Entercom Communications's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Entercom Communications afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Entercom Communications has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Entercom Communications's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
David Field
COMPENSATION $3,491,375
AGE 55
TENURE AS CEO 17.3 years
CEO Bio

Mr. David J. Field has been the Chief Executive Officer of Entercom Communications Corp. since May 3, 2002 and its President since 1998 and Serves as its Chairman since November 17,2017 and has been its Director since 1995. Mr. Field served as the Chief Operating Officer of Entercom Communications Corp., from 1996 to 2002 and its Chief Financial Officer from 1992 to 1998. He joined Entercom Communications Corp. in 1987 and served as its Director of Finance and Corporate Development from 1987 to 1988, Vice President of Finance and Corporate Development from 1988 to 1992, Vice President of Operations and Senior Vice President of Operations and Chief Financial Officer from 1995 to 1996. He served as an Investment Banker of Goldman, Sachs & Co. He served as the Chairman of the Radio Board of the NAB from 2005 to 2007. Mr. Field serves as the Vice Chairman of the Radio Board of the National Association of Broadcasters. He serves as a Director of Zoological Society of Philadelphia and The Advertising Council, Inc. He serves as a Director of the National Association of Broadcasters, National Constitution Center and the Radio Advertising Bureau, the Philadelphia Zoo and The Wilderness Society. Mr. Field has been a Director of Entercom Communications Corp., since 1995. He served as a Director of Ibiquity Digital Corporation. He was named the 2006 and 2017 Radio Executive of the Year by Radio Ink Magazine and a “Giant in Broadcasting” in 2017 by the International Radio & Television Society and was also recognized as one of the best CEOs in America by Institutional Investor Magazine in 2006 and 2007. Mr. Field holds a B.A. from Amherst College and an M.B.A. from the Wharton School of the University of Pennsylvania.

CEO Compensation
  • David's compensation has increased whilst company is loss making.
  • David's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Entercom Communications management team in years:

3
Average Tenure
55
Average Age
  • The tenure for the Entercom Communications management team is about average.
Management Team

David Field

TITLE
Chairman
COMPENSATION
$3M
AGE
55
TENURE
17.3 yrs

Rich Schmaeling

TITLE
Executive VP & CFO
COMPENSATION
$2M
AGE
53
TENURE
2.1 yrs

Weezie Kramer

TITLE
Chief Operating Officer
COMPENSATION
$1M
AGE
61
TENURE
4 yrs

Andrew Sutor

TITLE
Executive VP
COMPENSATION
$932K
AGE
45
TENURE
6.3 yrs

Bob Philips

TITLE
Chief Revenue Officer
COMPENSATION
$1M
AGE
55
TENURE
1.5 yrs

James Hamill

TITLE
Interim Principal Accounting Officer
TENURE
0.3 yrs

John Graefe

TITLE
Chief Information Officer
TENURE
5.2 yrs

Deborah Kane

TITLE
President of Sales

Tim Murphy

TITLE
Senior Vice President of Corporate Business Development
TENURE
1.3 yrs

Noreen McCormack

TITLE
Vice President of Human Resources
Board of Directors Tenure

Average tenure and age of the Entercom Communications board of directors in years:

1.5
Average Tenure
57
Average Age
  • The average tenure for the Entercom Communications board of directors is less than 3 years, this suggests a new board.
Board of Directors

Joseph Field

TITLE
Chairman Emeritus
COMPENSATION
$639K
AGE
86
TENURE
1.5 yrs

David Field

TITLE
Chairman
COMPENSATION
$3M
AGE
55
TENURE
1.5 yrs

David Berkman

TITLE
Independent Lead Director
COMPENSATION
$281K
AGE
57
TENURE
1.6 yrs

Joel Hollander

TITLE
Director
COMPENSATION
$266K
AGE
62
TENURE
5.5 yrs

Mark LaNeve

TITLE
Director
COMPENSATION
$224K
AGE
59
TENURE
5.2 yrs

David Levy

TITLE
Director
COMPENSATION
$211K
AGE
55
TENURE
4 yrs

Stefan Selig

TITLE
Director
COMPENSATION
$209K
AGE
55
TENURE
1.5 yrs

Sean Creamer

TITLE
Director
COMPENSATION
$217K
AGE
53
TENURE
1.5 yrs

Susan Neely

TITLE
Director
COMPENSATION
$48K
AGE
61
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Entercom Communications insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
26. Mar 19 Buy Joseph Field Individual 22. Mar 19 26. Mar 19 264,257 $5.55 $1,447,229
11. Mar 19 Buy Joseph Field Individual 07. Mar 19 07. Mar 19 100,000 $6.09 $608,870
06. Mar 19 Buy Joseph Field Individual 04. Mar 19 06. Mar 19 400,000 $6.23 $2,469,660
01. Mar 19 Buy Joseph Field Individual 28. Feb 19 01. Mar 19 200,000 $6.41 $1,263,210
26. Dec 18 Buy Joseph Field Individual 21. Dec 18 21. Dec 18 200,000 $5.54 $1,108,960
18. Dec 18 Buy Joseph Field Individual 14. Dec 18 14. Dec 18 100,000 $6.44 $643,740
13. Dec 18 Buy Joseph Field Individual 11. Dec 18 13. Dec 18 300,000 $6.74 $1,981,550
10. Dec 18 Buy Joseph Field Individual 06. Dec 18 10. Dec 18 300,000 $6.50 $1,929,470
06. Dec 18 Buy Joseph Field Individual 04. Dec 18 04. Dec 18 100,000 $6.56 $656,000
03. Dec 18 Buy Joseph Field Individual 29. Nov 18 03. Dec 18 400,000 $6.63 $2,613,413
19. Nov 18 Buy Joseph Field Individual 16. Nov 18 19. Nov 18 66,738 $7.00 $467,166
09. Nov 18 Buy Joseph Field Individual 07. Nov 18 07. Nov 18 1,100 $7.00 $7,699
25. Jun 18 Buy Joseph Field Individual 21. Jun 18 22. Jun 18 370,000 $7.86 $2,884,060
08. Jun 18 Buy Joseph Field Individual 06. Jun 18 07. Jun 18 150,000 $7.00 $1,049,630
05. Jun 18 Buy Joseph Field Individual 01. Jun 18 04. Jun 18 400,000 $7.05 $2,769,560
04. Jun 18 Buy Joseph Field Individual 01. Jun 18 01. Jun 18 200,000 $7.05 $1,410,000
31. May 18 Buy Joseph Field Individual 29. May 18 31. May 18 200,000 $7.19 $1,414,590
X
Management checks
We assess Entercom Communications's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Entercom Communications has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

An Intrinsic Calculation For Entercom Communications Corp. (NYSE:ETM) Suggests It's 48% Undervalued

Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. … Generally we assume that a dollar today is more valuable than a dollar in the future, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 10-year free cash flow (FCF) estimate 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF ($, Millions) $149.18 $189.56 $199.50 $209.00 $217.52 $225.51 $233.15 $240.60 $247.94 $255.27 Growth Rate Estimate Source Analyst x3 Analyst x3 Analyst x2 Analyst x1 Est @ 4.08% Est @ 3.67% Est @ 3.39% Est @ 3.19% Est @ 3.05% Est @ 2.96% Present Value ($, Millions) Discounted @ 13.74% $131.16 $146.53 $135.58 $124.88 $114.27 $104.16 $94.68 $85.90 $77.83 $70.45 Present Value of 10-year Cash Flow (PVCF)= $1.09b "Est" = FCF growth rate estimated by Simply Wall St The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. … NYSE:ETM Intrinsic value, May 16th 2019 The assumptions We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows.

Simply Wall St -

How Much is Entercom Communications Corp.'s (NYSE:ETM) CEO Getting Paid?

In 2002 David Field was appointed CEO of Entercom Communications Corp. … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does David Field's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Does Entercom Communications Corp. (NYSE:ETM) Have A Volatile Share Price?

Some stocks mimic the volatility of the market quite closely, while others demonstrate muted, exagerrated or uncorrelated price movements. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

Should You Be Holding Entercom Communications Corp. (NYSE:ETM)?

Help shape the future of investing tools and receive a $20 prize! … (NYSE:ETM) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective.

Simply Wall St -

Are Entercom Communications Corp.'s (NYSE:ETM) Interest Costs Too High?

Help shape the future of investing tools and you could win a $250 gift card! … Investors are always looking for growth in small-cap stocks like Entercom Communications Corp. … Evaluating financial health as part of your investment thesis is

Simply Wall St -

Have Insiders Been Buying Entercom Communications Corp. (NYSE:ETM) Shares This Year?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … (NYSE:ETM), you may well want to know whether insiders have been buying or selling. … But logic dictates you should pay some attention to whether insiders are buying or selling shares.

Simply Wall St -

When Should You Buy Entercom Communications Corp. (NYSE:ETM)?

(NYSE:ETM), which is in the media business, and is based in United States,. … As a small cap stock, hardly covered by any analysts, there is generally more of an opportunity for mispricing as there is less activity to push the stock closer to fair value? … Let’s take a look at Entercom Communications’s outlook and value based on the most recent financial data to see if the opportunity still exists

Simply Wall St -

Why Entercom Communications Corp.’s (NYSE:ETM) Use Of Investor Capital Doesn’t Look Great

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … How Do You Calculate Return On Capital Employed

Simply Wall St -

Entercom Communications Corp (NYSE:ETM) Is Trading At A 40.81% Discount

In this article I am going to calculate the intrinsic value of Entercom Communications Corp (NYSE:ETM). … by taking the expected future cash flows and discounting them to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

Does The Entercom Communications Corp (NYSE:ETM) Share Price Tend To Follow The Market?

Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … While we should keep in mind that Warren Buffett has cautioned that 'Volatility is far from synonymous with risk', beta is still a useful factor to consider. … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Company Info

Description

Entercom Communications Corp., a media and entertainment company, engages in radio broadcasting business in the United States. 3 The company owns and operates radio stations in various formats, such as news, sports, talk, classic rock, urban, adult contemporary, alternative, country, and others. As of February 11, 2019, it had a portfolio of approximately 235 radio stations, digital platforms, and live events. Entercom Communications Corp. was founded in 1968 and is headquartered in Bala Cynwyd, Pennsylvania.

Details
Name: Entercom Communications Corp.
ETM
Exchange: NYSE
Founded: 1968
$906,990,422
142,608,557
Website: http://www.entercom.com
Address: Entercom Communications Corp.
401 East City Avenue,
Suite 809,
Bala Cynwyd,
Pennsylvania, 19004,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE ETM Class A Common Stock New York Stock Exchange US USD 29. Jan 1999
Number of employees
Current staff
Staff numbers
6,027
Entercom Communications employees.
Industry
Broadcasting
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/22 03:24
End of day share price update: 2019/05/21 00:00
Last estimates confirmation: 2019/05/01
Last earnings filing: 2019/05/03
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.