NYSE:TSQ

Stock Analysis Report

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Executive Summary

Townsquare Media, Inc. operates as a radio, digital media, entertainment, and digital marketing solutions company in small and mid-sized markets.


Snowflake Analysis

Fair value with mediocre balance sheet.


Similar Companies

Share Price & News

How has Townsquare Media's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TSQ's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-2.4%

TSQ

2.0%

US Media

2.3%

US Market


1 Year Return

-21.1%

TSQ

-9.5%

US Media

6.7%

US Market

Return vs Industry: TSQ underperformed the US Media industry which returned -9.6% over the past year.

Return vs Market: TSQ underperformed the US Market which returned 6.7% over the past year.


Shareholder returns

TSQIndustryMarket
7 Day-2.4%2.0%2.3%
30 Day-13.4%1.7%7.4%
90 Day-0.2%10.5%17.9%
1 Year-18.3%-21.1%-8.0%-9.5%9.0%6.7%
3 Year-54.5%-59.2%2.2%-2.1%36.6%27.7%
5 Year-64.8%-68.5%25.5%16.4%64.2%46.1%

Price Volatility Vs. Market

How volatile is Townsquare Media's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Townsquare Media 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: TSQ ($4.41) is trading below our estimate of fair value ($14.19)

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


Price To Earnings Ratio

PE vs Industry: TSQ is unprofitable, so we can't compare its PE Ratio to the US Media industry average.

PE vs Market: TSQ 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 TSQ's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TSQ is good value based on its PB Ratio (0.7x) compared to the US Media industry average (1.4x).


Next Steps

Future Growth

How is Townsquare Media forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

7.6%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if TSQ's forecast earnings growth is above the savings rate (2.2%).

Earnings vs Market: Insufficient data to determine if TSQ's earnings are forecast to grow faster than the US market

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

Revenue vs Market: TSQ's revenue (7.6% per year) is forecast to grow slower than the US market (9.4% per year).

High Growth Revenue: TSQ's revenue (7.6% 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 TSQ's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Townsquare Media performed over the past 5 years?

-50.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TSQ is currently unprofitable.

Growing Profit Margin: TSQ is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TSQ is unprofitable, and losses have increased over the past 5 years at a rate of -50.1% per year.

Accelerating Growth: Unable to compare TSQ's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TSQ is unprofitable, making it difficult to compare its past year earnings growth to the Media industry (6.6%).


Return on Equity

High ROE: TSQ has a negative Return on Equity (-98.46%), as it is currently unprofitable.


Next Steps

Financial Health

How is Townsquare Media's financial position?


Financial Position Analysis

Short Term Liabilities: TSQ's short term assets ($203.3M) exceed its short term liabilities ($104.3M).

Long Term Liabilities: TSQ's short term assets ($203.3M) do not cover its long term liabilities ($619.7M).


Debt to Equity History and Analysis

Debt Level: TSQ's debt to equity ratio (500.3%) is considered high.

Reducing Debt: TSQ's debt to equity ratio has increased from 156.9% to 500.3% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable TSQ has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: TSQ is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 2.8% per year.


Next Steps

Dividend

What is Townsquare Media current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate TSQ's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate TSQ'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 TSQ's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TSQ's dividend payments have been increasing.


Current Payout to Shareholders

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


Future Payout to Shareholders

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

2.1yrs

Average management tenure


CEO

Bill Wilson (52yo)

1.5yrs

Tenure

US$1,661,537

Compensation

Mr. Bill Wilson has been Chief Executive Officer of Townsquare Media Inc. since January 31, 2019 and Director since March 1, 2018. He served as Co-Chief Executive Officer of Townsquare Media Inc. since Oct ...


CEO Compensation Analysis

Compensation vs Market: Bill's total compensation ($USD1.66M) is above average for companies of similar size in the US market ($USD614.21K).

Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Steven Price
Executive Chairman of the Board10.17yrsUS$595.22k0.88% $736.6k
Bill Wilson
CEO & Director1.5yrsUS$1.66m2.59% $2.2m
Stuart Rosenstein
Executive VP & CFO10.17yrsUS$1.42m0.65% $541.2k
Erik Hellum
Executive VP & COO of Local Media2.75yrsUS$1.33m0.12% $101.5k
Scott Schatz
Executive Vice President of Financeno dataUS$850.75kno data
Robert Worshek
Senior VP & Chief Accounting Officer0.58yrno datano data
Claire Yenicay
Executive Vice President of Investor Relations & Corporate Communications5.5yrsno datano data
Christopher Kitchen
Executive VP & General Counselno datano datano data
Alyssa Goldberg
Senior Vice President of Human Resources1.5yrsno datano data
Matthew Yeoman
Senior Vice President of Operationsno datano datano data

2.1yrs

Average Tenure

52yo

Average Age

Experienced Management: TSQ's management team is considered experienced (2.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Steven Price
Executive Chairman of the Board10.17yrsUS$595.22k0.88% $736.6k
Bill Wilson
CEO & Director1.5yrsUS$1.66m2.59% $2.2m
James Ford
Independent Director10.5yrsUS$175.00k0.13% $108.9k
Stephen Kaplan
Independent Director10.5yrsUS$150.00k0.18% $153.0k
Gary Ginsberg
Independent Director10.5yrsUS$150.00k0.15% $125.7k
David Lebow
Independent Director10.5yrsUS$150.00k0.14% $116.8k
David Quick
Director10.5yrsno datano data

10.5yrs

Average Tenure

57yo

Average Age

Experienced Board: TSQ's board of directors are seasoned and experienced ( 10.5 years average tenure).


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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Townsquare Media, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Townsquare Media, Inc.
  • Ticker: TSQ
  • Exchange: NYSE
  • Founded: 1996
  • Industry: Broadcasting
  • Sector: Media
  • Market Cap: US$83.694m
  • Shares outstanding: 18.98m
  • Website: https://www.townsquaremedia.com

Number of Employees


Location

  • Townsquare Media, Inc.
  • One Manhattanville Road
  • Suite 202
  • Purchase
  • New York
  • 10577
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TSQNYSE (New York Stock Exchange)YesClass A Common SharesUSUSDJul 2014
2T8DB (Deutsche Boerse AG)YesClass A Common SharesDEEURJul 2014

Biography

Townsquare Media, Inc. operates as a radio, digital media, entertainment, and digital marketing solutions company in small and mid-sized markets. It operates through Advertising, Townsquare Interactive, and Live Events segments. The company provides advertising and marketing solutions to advertisers and businesses through its radio stations, Websites, radio stations’ online streams, and mobile applications; and digital advertising services, as well as operates Townsquare Ignite, a digital programmatic advertising platform. It also offers digital marketing solutions, such as traditional and mobile enabled Website development and hosting services, e-commerce platforms, search engine and online directory optimization services, online reputation monitoring, and social media and website retargeting services under the Townsquare Interactive brand. Additionally, the company sells tickets, sponsorships, food and other concessions, merchandise, and other ancillary products and services. As of June 15, 2020, the company owned and operated 321 radio stations and approximately 330 local Websites in 67 markets in the United States. It also creates, promotes, and produces live events, including concerts, expositions, and other experiential events. The company was formerly known as Regent Communications, Inc. and changed its name to Townsquare Media, Inc. in May 2010. Townsquare Media, Inc. was founded in 1996 and is headquartered in Purchase, New York. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/12 00:10
End of Day Share Price2020/07/10 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.