Meredith Corporation operates as a diversified media company primarily in the United States. More Details
Moderate growth potential and slightly overvalued.
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's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: MDP underperformed the US Media industry which returned 7.7% over the past year.
Return vs Market: MDP underperformed the US Market which returned 17.2% over the past year.
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
3 days ago | Simply Wall StThese 4 Measures Indicate That Meredith (NYSE:MDP) Is Using Debt In A Risky Way
1 month ago | Simply Wall StMeredith's (NYSE:MDP) Stock Price Has Reduced74% In The Past Three Years
2 months ago | Simply Wall StHave Insiders Been Buying Meredith Corporation (NYSE:MDP) Shares?
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 ($13.12) is trading below our estimate of fair value ($61.93)
Significantly Below Fair Value: MDP is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MDP is unprofitable, so we can't compare its PE Ratio to the US Media industry average.
PE vs Market: MDP 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 MDP's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MDP is overvalued based on its PB Ratio (1.5x) compared to the US Media industry average (1.3x).
How is Meredith forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MDP is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).
Earnings vs Market: MDP is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: MDP's is expected to become profitable in the next 3 years.
Revenue vs Market: MDP's revenue (1.1% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: MDP's revenue (1.1% 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 MDP's Return on Equity is forecast to be high in 3 years time
How has Meredith performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MDP is currently unprofitable.
Growing Profit Margin: MDP is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MDP is unprofitable, and losses have increased over the past 5 years at a rate of 48.7% per year.
Accelerating Growth: Unable to compare MDP's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MDP is unprofitable, making it difficult to compare its past year earnings growth to the Media industry (-11%).
Return on Equity
High ROE: MDP has a negative Return on Equity (-53.84%), as it is currently unprofitable.
How is Meredith's financial position?
Financial Position Analysis
Short Term Liabilities: MDP's short term assets ($884.8M) exceed its short term liabilities ($731.7M).
Long Term Liabilities: MDP's short term assets ($884.8M) do not cover its long term liabilities ($4.4B).
Debt to Equity History and Analysis
Debt Level: MDP's debt to equity ratio (769.2%) is considered high.
Reducing Debt: MDP's debt to equity ratio has increased from 83.9% to 769.2% over the past 5 years.
Debt Coverage: MDP's debt is not well covered by operating cash flow (10.3%).
Interest Coverage: MDP is unprofitable, therefore interest payments are not well covered by earnings.
What is Meredith current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MDP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MDP's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MDP's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MDP's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: MDP is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MDP's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Tom Harty (57 yo)
Mr. Thomas H. Harty, also known as Tom, has been the Chief Executive Officer of Meredith Corporation since February 1, 2018 and as its President since August 11, 2016. Mr. Harty served as Chief Operating O ...
CEO Compensation Analysis
Compensation vs Market: Tom's total compensation ($USD7.20M) is above average for companies of similar size in the US market ($USD3.03M).
Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.
|Chief Financial Officer||0.50yr||US$2.10m||no data|
|Chief Development Officer||21.67yrs||US$4.27m||0.021% |
|President of Local Media Group||2.67yrs||US$2.39m||0.032% |
|Director of Investor Relations||6.67yrs||no data||no data|
|Chief Communications Officer||no data||no data||no data|
|Chief Revenue Officer and Executive VP of Corporate Sales & Marketing||no data||no data||no data|
|Executive Vice President of Marketing & Integrated Communications||0.83yr||no data||no data|
|Senior Vice President of Human Resources||2.83yrs||no data||no data|
|Senior Vice President of The Foundry & Strategic Content||no data||no data||no data|
|Executive Vice President of Broadcast Group||20.67yrs||no data||no data|
|Senior Vice President||16.17yrs||no data||no data|
Experienced Management: MDP's management team is considered experienced (2.8 years average tenure).
|Independent Director||0.083yr||no data||0.053% |
|Non-Executive Chairman||10.58yrs||US$382.26k||0.29% |
|Independent Director||12.08yrs||US$271.99k||0.041% |
|Independent Director||3.67yrs||US$249.64k||0.011% |
|Independent Vice Chairman of the Board||10.58yrs||US$269.84k||5.65% |
|Independent Director||7.83yrs||US$274.84k||0.086% |
|Independent Director||1.83yrs||US$253.08k||0.0094% |
|Lead Independent Director||0.58yr||US$204.84k||0.020% |
|Independent Director||1.58yrs||US$244.35k||0.0068% |
Experienced Board: MDP's board of directors are considered experienced (3.4 years average tenure).
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
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$733.295m
- Shares outstanding: 45.47m
- Website: https://www.meredith.com
Number of Employees
- Meredith Corporation
- 1716 and 1615 Locust Street
- Des Moines
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MDP||NYSE (New York Stock Exchange)||Yes||Common Shares||US||USD||Jan 1968|
|MEZ||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Jan 1968|
|0K0J||LSE (London Stock Exchange)||Yes||Common Shares||GB||USD||Jan 1968|
|MDPE.B||OTCPK (Pink Sheets LLC)||Class B Shares||US||USD||Oct 2003|
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||2020/10/01 00:48|
|End of Day Share Price||2020/09/30 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.