Gannett
Market Cap
US$368.4m
Last Updated
2020/06/06 05:34 UTC
Data Sources
Company Financials +
Executive Summary
Gannett Co., Inc. operates as a media and marketing solutions company in the United States.
Snowflake Analysis
Fair value with concerning outlook.
Similar Companies
Share Price & News
How has Gannett's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GCI's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
114.5%
GCI
5.5%
US Media
3.8%
US Market
1 Year Return
-70.6%
GCI
3.3%
US Media
9.7%
US Market
Return vs Industry: GCI underperformed the US Media industry which returned 1.8% over the past year.
Return vs Market: GCI underperformed the US Market which returned 8.9% over the past year.
Shareholder returns
| GCI | Industry | Market | |
|---|---|---|---|
| 7 Day | 114.5% | 5.5% | 3.8% |
| 30 Day | 188.0% | 16.1% | 11.4% |
| 90 Day | -31.0% | 5.1% | 6.8% |
| 1 Year | -67.9%-70.6% | 4.8%3.3% | 12.1%9.7% |
| 3 Year | -71.0%-78.6% | 7.1%2.8% | 36.2%27.2% |
| 5 Year | -74.9%-84.4% | 33.4%23.6% | 63.7%45.4% |
Price Volatility Vs. Market
How volatile is Gannett's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
Laurence Tarica Is The Independent Director of Gannett Co., Inc. (NYSE:GCI) And They Just Picked Up 50% More Shares1 month ago | Simply Wall St
What Kind Of Share Price Volatility Should You Expect For Gannett Co., Inc. (NYSE:GCI)?3 months ago | Simply Wall St
Are Insiders Buying Gannett Co., Inc. (NYSE:GCI) Stock?Valuation
Is Gannett 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: GCI ($1.39) is trading below our estimate of fair value ($15.13)
Significantly Below Fair Value: GCI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GCI is unprofitable, so we can't compare its PE Ratio to the Media industry average.
PE vs Market: GCI 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 GCI's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: GCI is good value based on its PB Ratio (0.2x) compared to the US Media industry average (1.5x).
Next Steps
Future Growth
How is Gannett forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
68.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GCI is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: GCI is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: GCI is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: GCI's revenue (19.4% per year) is forecast to grow faster than the US market (8.8% per year).
High Growth Revenue: GCI's revenue (19.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if GCI's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Gannett performed over the past 5 years?
-61.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GCI is currently unprofitable.
Growing Profit Margin: GCI is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: GCI is unprofitable, and losses have increased over the past 5 years at a rate of -61.7% per year.
Accelerating Growth: Unable to compare GCI's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: GCI is unprofitable, making it difficult to compare its past year earnings growth to the Media industry (6.8%).
Return on Equity
High ROE: GCI has a negative Return on Equity (-21.6%), as it is currently unprofitable.
Next Steps
Financial Health
How is Gannett's financial position?
Financial Position Analysis
Short Term Liabilities: GCI's short term assets ($762.9M) exceed its short term liabilities ($724.3M).
Long Term Liabilities: GCI's short term assets ($762.9M) do not cover its long term liabilities ($2.3B).
Debt to Equity History and Analysis
Debt Level: GCI's debt to equity ratio (183.7%) is considered high.
Reducing Debt: GCI's debt to equity ratio has increased from 59.1% to 183.7% over the past 5 years.
Debt Coverage: GCI's debt is not well covered by operating cash flow (3.3%).
Interest Coverage: GCI is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Next Steps
Dividend
What is Gannett's current dividend yield, its reliability and sustainability?
9.01%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate GCI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate GCI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if GCI's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if GCI's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: GCI is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of GCI's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
0.5yrs
Average management tenure
CEO
Mike Reed (53yo)
6.58yrs
Tenure
Mr. Michael E. Reed, also known as Mike, has been Chief Executive Officer and President at Gannett Co., Inc. (NYSE: GCI) (formerly New Media Investment Group Inc.) since November 26, 2013 and serves as its ...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD0.00) is below average for companies of similar size in the US market ($USD1.33M).
Compensation vs Earnings: Insufficient data to compare Mike's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 6.58yrs | no data | 0.77% $2.8m | |
| Chief Executive Officer of Gannett Media Corp. | 0.58yr | US$811.44k | 0.18% $648.4k | |
| CFO & Chief Accounting Officer | 0.17yr | no data | 0.37% $1.4m | |
| Vice President of Financial Planning & Investor Relations | no data | no data | no data | |
| Chief Legal Counsel | 0.42yr | US$330.00k | 0.031% $115.8k | |
| Senior Vice President of Corporate Development | 0.42yr | no data | no data | |
| Chief People Officer | 0.42yr | no data | no data | |
| Chief Product Officer | 2.58yrs | no data | no data | |
| Chief Revenue Officer | 5.42yrs | no data | no data | |
| President of U.S. Publishing Operations | no data | no data | no data |
0.5yrs
Average Tenure
52.5yo
Average Age
Experienced Management: GCI's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 6.58yrs | no data | 0.77% $2.8m | |
| Independent Director | 6.42yrs | US$360.00k | 0.018% $64.8k | |
| Lead Independent Director | 1.08yrs | US$360.00k | 0.075% $275.6k | |
| Director | 0.58yr | US$17.50k | 0.10% $372.7k | |
| Independent Director | 0.67yr | US$37.50k | 0.026% $94.5k | |
| Independent Director | 0.58yr | US$17.50k | 0.19% $698.7k | |
| Independent Director | 6.42yrs | US$360.00k | 0.29% $1.1m | |
| Independent Director | 0.58yr | US$18.67k | 0.027% $97.7k | |
| Independent Director | 0.67yr | US$37.50k | 0.0059% $21.6k |
0.7yrs
Average Tenure
60yo
Average Age
Experienced Board: GCI's board of directors are not considered experienced ( 0.7 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: GCI insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 116.6%.
Top Shareholders
Company Information
Gannett Co., Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Gannett Co., Inc.
- Ticker: GCI
- Exchange: NYSE
- Founded: 1997
- Industry: Publishing
- Sector: Media
- Market Cap: US$368.418m
- Shares outstanding: 131.11m
- Website: https://www.gannett.com
Number of Employees
Location
- Gannett Co., Inc.
- 7950 Jones Branch Drive
- McLean
- Virginia
- 22107-0910
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GCI | NYSE (New York Stock Exchange) | Yes | New Common Stock | US | USD | Feb 2014 |
| 2N2A | DB (Deutsche Boerse AG) | Yes | New Common Stock | DE | EUR | Feb 2014 |
Biography
Gannett Co., Inc. operates as a media and marketing solutions company in the United States. It operates in Publishing and Marketing Solutions segments. The company’s principal products include 261 daily newspapers with total paid circulation of approximately 2.5 million and Sunday circulation of 3.3 million; 302 weekly newspapers with total circulation of approximately 1.7 million; and 383 locally-focused Websites. Its principal products also comprise 74 business publications with circulation of approximately 323,000; 143 daily and weekly newspapers and 32 magazines, and related digital platforms; USATODAY.com and mobile applications, sports network, and Reviewed.com, an affiliate marketing service; and GateHouse Live, a community events platform. The company also offers digital marketing solutions, such as online advertising, guided marketing solutions, cloud-based products, cloud-based software-as-a-service solutions, search and display advertising, search optimization, social media, website development, web presence products, and e-mail marketing solutions. In addition, the company produces niche publications that address specific local market interests, such as recreation, sports, healthcare, and real estate. Further, it offers print and online products that offer local market news and information, as well as commercial printing services for publishers; and prints commercial materials, including flyers, business cards, and invitations. Additionally, the company produces approximately 479 events with a collective attendance approximately 2.2 million, such as themed expo, signature event, endurance event, and white label event services; and provides digital and print advertising services. The company was formerly known as New Media Investment Group Inc. and changed its name to Gannett Co., Inc. in November 2019. Gannett Co., Inc. was founded in 1997 and is headquartered in McLean, Virginia.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/06 05:34 |
| End of Day Share Price | 2020/06/05 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.