NYSE:NYT

Stock Analysis Report

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Market Cap

US$7.3b

Last Updated

2021/07/31 22:31 UTC

Data Sources

Company Financials +

Executive Summary

The New York Times Company, together with its subsidiaries, provides news and information for readers and viewers across various platforms worldwide. More Details


Snowflake Analysis

Flawless balance sheet with moderate growth potential.


Similar Companies

Share Price & News

How has New York Times's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: NYT is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: NYT's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

1.3%

NYT

0.7%

US Media

-0.5%

US Market


1 Year Return

-5.1%

NYT

38.2%

US Media

35.9%

US Market

Return vs Industry: NYT underperformed the US Media industry which returned 38% over the past year.

Return vs Market: NYT underperformed the US Market which returned 35.9% over the past year.


Shareholder returns

NYTIndustryMarket
7 Day1.3%0.7%-0.5%
30 Day-1.2%-0.5%0.09%
90 Day-3.6%2.6%3.2%
1 Year-4.6%-5.1%39.8%38.2%38.0%35.9%
3 Year84.3%80.9%67.4%60.2%62.8%52.6%
5 Year254.0%241.0%80.2%67.1%121.2%96.9%

Long-Term Price Volatility Vs. Market

How volatile is New York Times's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is New York Times undervalued compared to its fair value and its price relative to the market?

27.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NYT ($43.78) is trading below our estimate of fair value ($60.63)

Significantly Below Fair Value: NYT is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: NYT is poor value based on its PE Ratio (67.6x) compared to the US Media industry average (14x).

PE vs Market: NYT is poor value based on its PE Ratio (67.6x) compared to the US market (18x).


Price to Earnings Growth Ratio

PEG Ratio: NYT is poor value based on its PEG Ratio (2.3x)


Price to Book Ratio

PB vs Industry: NYT is overvalued based on its PB Ratio (5.4x) compared to the US Media industry average (2x).


Future Growth

How is New York Times forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

28.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NYT's forecast earnings growth (28.8% per year) is above the savings rate (2%).

Earnings vs Market: NYT's earnings (28.8% per year) are forecast to grow faster than the US market (14.9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: NYT's revenue (6.2% per year) is forecast to grow slower than the US market (9.2% per year).

High Growth Revenue: NYT's revenue (6.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NYT's Return on Equity is forecast to be low in 3 years time (16.7%).


Past Performance

How has New York Times performed over the past 5 years?

25.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NYT has a large one-off loss of $86.7M impacting its March 28 2021 financial results.

Growing Profit Margin: NYT's current net profit margins (6.1%) are lower than last year (8%).


Past Earnings Growth Analysis

Earnings Trend: NYT's earnings have grown significantly by 25.8% per year over the past 5 years.

Accelerating Growth: NYT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: NYT had negative earnings growth (-24%) over the past year, making it difficult to compare to the Media industry average (56.9%).


Return on Equity

High ROE: NYT's Return on Equity (8%) is considered low.


Financial Health

How is New York Times's financial position?


Financial Position Analysis

Short Term Liabilities: NYT's short term assets ($786.7M) exceed its short term liabilities ($440.7M).

Long Term Liabilities: NYT's short term assets ($786.7M) exceed its long term liabilities ($486.6M).


Debt to Equity History and Analysis

Debt Level: NYT is debt free.

Reducing Debt: NYT has no debt compared to 5 years ago when its debt to equity ratio was 53.7%.

Debt Coverage: NYT has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: NYT has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is New York Times's current dividend yield, its reliability and sustainability?

0.64%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NYT's dividend (0.64%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.31%).

High Dividend: NYT's dividend (0.64%) is low compared to the top 25% of dividend payers in the US market (3.54%).


Stability and Growth of Payments

Stable Dividend: NYT is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: NYT is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of NYT'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?

2.9yrs

Average management tenure


CEO

Meredith Kopit Levien (50 yo)

0.75

Tenure

US$4,372,190

Compensation

Ms. Meredith A. Kopit Levien serves as President, Chief Executive Officer and Director at New York Times Company since September 8, 2020. Ms. Kopit Levien served as Chief Operating Officer of The New York ...


CEO Compensation Analysis

Compensation vs Market: Meredith's total compensation ($USD4.37M) is below average for companies of similar size in the US market ($USD6.47M).

Compensation vs Earnings: Meredith's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: NYT's management team is considered experienced (2.9 years average tenure).


Board Members

Experienced Board: NYT's board of directors are not considered experienced ( 2.6 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

The New York Times Company's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: The New York Times Company
  • Ticker: NYT
  • Exchange: NYSE
  • Founded: 1851
  • Industry: Publishing
  • Sector: Media
  • Market Cap: US$7.349b
  • Shares outstanding: 167.86m
  • Website: https://www.nytco.com

Number of Employees


Location

  • The New York Times Company
  • 620 Eighth Avenue
  • New York
  • New York
  • 10018
  • United States

Listings


Biography

The New York Times Company, together with its subsidiaries, provides news and information for readers and viewers across various platforms worldwide. It offers The New York Times (The Times), a daily and S...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/31 22:31
End of Day Share Price2021/07/30 00:00
Earnings2021/03/28
Annual Earnings2020/12/27


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.