Meredith Corporation operates as a diversified media company primarily in the United States. More Details
Slightly overvalued with limited growth.
Share Price & News
How has Meredith's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MDP is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: MDP's weekly volatility (6%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: MDP exceeded the US Media industry which returned 38.2% over the past year.
Return vs Market: MDP exceeded the US Market which returned 35.9% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Meredith's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall StA Closer Look At Meredith Corporation's (NYSE:MDP) Impressive ROE
3 months ago | Simply Wall StShareholders Are Thrilled That The Meredith (NYSE:MDP) Share Price Increased 138%
5 months ago | Simply Wall StHere's Why Meredith (NYSE:MDP) Has A Meaningful Debt Burden
Is Meredith undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MDP ($43.64) is trading below our estimate of fair value ($83.85)
Significantly Below Fair Value: MDP is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MDP is poor value based on its PE Ratio (25x) compared to the US Media industry average (14x).
PE vs Market: MDP is poor value based on its PE Ratio (25x) compared to the US market (18.1x).
Price to Earnings Growth Ratio
PEG Ratio: MDP is poor value based on its PEG Ratio (3.2x)
Price to Book Ratio
PB vs Industry: MDP is overvalued based on its PB Ratio (2.9x) compared to the US Media industry average (2x).
How is Meredith forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MDP's forecast earnings growth (7.9% per year) is above the savings rate (2%).
Earnings vs Market: MDP's earnings (7.9% per year) are forecast to grow slower than the US market (15% per year).
High Growth Earnings: MDP's earnings are forecast to grow, but not significantly.
Revenue vs Market: MDP's revenue (2.2% per year) is forecast to grow slower than the US market (9.2% per year).
High Growth Revenue: MDP's revenue (2.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MDP's Return on Equity is forecast to be high in 3 years time (39.7%)
How has Meredith performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MDP has high quality earnings.
Growing Profit Margin: MDP became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: MDP's earnings have declined by 56.1% per year over the past 5 years.
Accelerating Growth: MDP has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: MDP has become profitable in the last year, making it difficult to compare its past year earnings growth to the Media industry (56.9%).
Return on Equity
High ROE: Whilst MDP's Return on Equity (39.79%) is high, this metric is skewed due to their high level of debt.
How is Meredith's financial position?
Financial Position Analysis
Short Term Liabilities: MDP's short term assets ($1.0B) exceed its short term liabilities ($746.6M).
Long Term Liabilities: MDP's short term assets ($1.0B) do not cover its long term liabilities ($4.1B).
Debt to Equity History and Analysis
Debt Level: MDP's debt to equity ratio (395.5%) is considered high.
Reducing Debt: MDP's debt to equity ratio has increased from 69.8% to 395.5% over the past 5 years.
Debt Coverage: MDP's debt is not well covered by operating cash flow (16.8%).
Interest Coverage: MDP's interest payments on its debt are not well covered by EBIT (2.8x coverage).
What is Meredith current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MDP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MDP's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MDP's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MDP's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: MDP is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MDP's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Tom Harty (58 yo)
Mr. Thomas H. Harty, also known as Tom, has been the Chief Executive Officer of Meredith Corporation since February 1, 2018 and serves as its President since August 11, 2016. He has been the Chairman of th...
CEO Compensation Analysis
Compensation vs Market: Tom's total compensation ($USD7.20M) is above average for companies of similar size in the US market ($USD3.71M).
Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.
Experienced Management: MDP's management team is considered experienced (3.5 years average tenure).
Experienced Board: MDP's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Meredith Corporation's company bio, employee growth, exchange listings and data sources
- Name: Meredith Corporation
- Ticker: MDP
- Exchange: NYSE
- Founded: 1902
- Industry: Publishing
- Sector: Media
- Market Cap: US$1.974b
- Shares outstanding: 45.66m
- Website: https://www.meredith.com
Number of Employees
- Meredith Corporation
- 1716 and 1615 Locust Street
- Des Moines
- United States
Meredith Corporation operates as a diversified media company primarily in the United States. It operates in two segments, National Media and Local Media. The National Media segment offers national consumer...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/08/01 22:26|
|End of Day Share Price||2021/07/30 00:00|
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.