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Outfront Media

NYSE:OUT
Snowflake Description

Average dividend payer and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OUT
NYSE
$4B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

OUTFRONT leverages the power of technology, location and creativity to connect brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in North America. The last earnings update was 12 days ago. More info.


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OUT Share Price and Events
7 Day Returns
3%
NYSE:OUT
1.8%
US REITs
-0.7%
US Market
1 Year Returns
28.6%
NYSE:OUT
16.3%
US REITs
3%
US Market
OUT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Outfront Media (OUT) 3% 7.8% 18.9% 28.6% 18% -20%
US REITs 1.8% 2.4% 3.1% 16.3% 13.8% 26.4%
US Market -0.7% -2% 2.4% 3% 39.2% 42%
1 Year Return vs Industry and Market
  • OUT outperformed the REITs industry which returned 16.3% over the past year.
  • OUT outperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
OUT
Industry
5yr Volatility vs Market

Value

 Is Outfront Media undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Outfront Media to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Outfront Media.

NYSE:OUT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations
Levered Adjusted Funds From Operations Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:OUT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.53
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.531 (1 + (1- 21%) (101.45%))
0.971
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.971 * 5.96%)
8.52%

Discounted Cash Flow Calculation for NYSE:OUT using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model

The calculations below outline how an intrinsic value for Outfront Media is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Outfront Media is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

NYSE:OUT DCF 1st Stage: Next 10 year cash flow forecast
Adjusted Funds From Operations (AFFO) (USD, Millions) Source Present Value
Discounted (@ 8.52%)
2019 324.10 Analyst x4 298.66
2020 339.05 Analyst x4 287.92
2021 360.50 Analyst x1 282.11
2022 376.90 Est @ 4.55% 271.80
2023 391.99 Est @ 4% 260.49
2024 406.19 Est @ 3.62% 248.74
2025 419.81 Est @ 3.35% 236.91
2026 433.11 Est @ 3.17% 225.23
2027 446.26 Est @ 3.04% 213.86
2028 459.40 Est @ 2.94% 202.87
Present value of next 10 years cash flows $2,528.60
NYSE:OUT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $459.40 × (1 + 2.73%) ÷ (8.52% – 2.73%)
$8,155.76
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $8,155.76 ÷ (1 + 8.52%)10
$3,601.68
NYSE:OUT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,528.60 + $3,601.68
$6,130.28
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $6,130.28 / 141.63
$43.28
NYSE:OUT Discount to Share Price
Calculation Result
Value per share (USD) From above. $43.28
Current discount Discount to share price of $25.50
= -1 x ($25.50 - $43.28) / $43.28
41.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Outfront Media is available for.
Intrinsic value
41%
Share price is $25.5 vs Future cash flow value of $43.28
Current Discount Checks
For Outfront Media to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Outfront Media's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Outfront Media's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Outfront Media's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Outfront Media's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:OUT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.73
NYSE:OUT Share Price ** NYSE (2019-05-17) in USD $25.5
United States of America REITs Industry PE Ratio Median Figure of 156 Publicly-Listed REITs Companies 32.79x
United States of America Market PE Ratio Median Figure of 3,088 Publicly-Listed Companies 17.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Outfront Media.

NYSE:OUT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:OUT Share Price ÷ EPS (both in USD)

= 25.5 ÷ 0.73

34.84x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Outfront Media is overvalued based on earnings compared to the US REITs industry average.
  • Outfront Media is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Outfront Media's expected growth come at a high price?
Raw Data
NYSE:OUT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 34.84x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
13.5%per year
United States of America REITs Industry PEG Ratio Median Figure of 141 Publicly-Listed REITs Companies 2.4x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

NYSE:OUT PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 34.84x ÷ 13.5%

2.58x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Outfront Media is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Outfront Media's assets?
Raw Data
NYSE:OUT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $7.42
NYSE:OUT Share Price * NYSE (2019-05-17) in USD $25.5
United States of America REITs Industry PB Ratio Median Figure of 191 Publicly-Listed REITs Companies 1.86x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
NYSE:OUT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:OUT Share Price ÷ Book Value per Share (both in USD)

= 25.5 ÷ 7.42

3.44x

* Primary Listing of Outfront Media.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Outfront Media is overvalued based on assets compared to the US REITs industry average.
X
Value checks
We assess Outfront Media's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Outfront Media has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Outfront Media expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Outfront Media expected to grow at an attractive rate?
  • Outfront Media's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Outfront Media's earnings growth is positive but not above the United States of America market average.
  • Outfront Media's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:OUT Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:OUT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 13.5%
NYSE:OUT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 4%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 5.7%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:OUT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:OUT Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,871 613 207 3
2020-12-31 1,796 264 187 7
2019-12-31 1,740 539 178 6
NYSE:OUT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 1,640 194 102
2018-12-31 1,606 214 105
2018-09-30 1,555 204 84
2018-06-30 1,533 238 87
2018-03-31 1,528 279 130
2017-12-31 1,521 249 124
2017-09-30 1,517 269 116
2017-06-30 1,507 262 104
2017-03-31 1,496 286 96
2016-12-31 1,514 287 91
2016-09-30 1,515 317 -10
2016-06-30 1,519 324 -27

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Outfront Media's earnings are expected to grow by 13.5% yearly, however this is not considered high growth (20% yearly).
  • Outfront Media's revenue is expected to grow by 4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:OUT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Outfront Media Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:OUT Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.39 1.47 1.23 3.00
2020-12-31 1.32 1.46 1.19 6.00
2019-12-31 1.29 1.37 1.24 4.00
NYSE:OUT Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.73
2018-12-31 0.76
2018-09-30 0.60
2018-06-30 0.63
2018-03-31 0.94
2017-12-31 0.90
2017-09-30 0.84
2017-06-30 0.75
2017-03-31 0.69
2016-12-31 0.66
2016-09-30 -0.07
2016-06-30 -0.19

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Outfront Media is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Outfront Media's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Outfront Media has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Outfront Media performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Outfront Media's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Outfront Media's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Outfront Media's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Outfront Media's 1-year earnings growth is negative, it can't be compared to the US REITs industry average.
Earnings and Revenue History
Outfront Media's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Outfront Media Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:OUT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,640.00 102.30 295.70
2018-12-31 1,606.20 105.20 287.00
2018-09-30 1,555.10 83.50 276.30
2018-06-30 1,533.30 87.30 266.10
2018-03-31 1,527.80 130.30 262.40
2017-12-31 1,520.50 124.40 261.70
2017-09-30 1,516.60 116.20 259.90
2017-06-30 1,507.00 104.30 260.80
2017-03-31 1,496.10 95.70 259.60
2016-12-31 1,513.90 90.90 264.80
2016-09-30 1,515.00 -9.60 256.20
2016-06-30 1,518.90 -26.50 258.30
2016-03-31 1,518.30 -32.80 256.70
2015-12-31 1,513.80 -29.40 253.10
2015-09-30 1,510.30 72.30 255.70
2015-06-30 1,460.10 299.40 243.60
2015-03-31 1,409.80 299.60 235.40
2014-12-31 1,353.80 306.90 224.30
2014-09-30 1,302.70 329.10 214.10
2014-06-30 1,304.40 118.00 212.80
2014-03-31 1,302.70 132.00 207.20
2013-12-31 1,294.00 143.50 199.80
2013-09-30 1,285.90 112.30 196.00
2013-06-30 1,279.20 113.80 186.90
2013-03-31 1,277.90 114.60 181.60
2012-12-31 1,284.60 113.40 181.80

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Outfront Media has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Outfront Media used its assets more efficiently than the US REITs industry average last year based on Return on Assets.
  • Outfront Media has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Outfront Media's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Outfront Media has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Outfront Media's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Outfront Media's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Outfront Media's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Outfront Media's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Outfront Media's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Outfront Media Company Filings, last reported 1 month ago.

NYSE:OUT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,091.90 3,664.20 52.70
2018-12-31 1,145.30 2,312.00 52.70
2018-09-30 1,123.70 2,333.50 56.70
2018-06-30 1,120.50 2,316.50 41.70
2018-03-31 1,177.40 2,248.40 52.50
2017-12-31 1,226.60 2,225.30 48.30
2017-09-30 1,240.50 2,217.70 42.00
2017-06-30 1,226.60 2,228.60 23.10
2017-03-31 1,185.30 2,142.50 26.30
2016-12-31 1,233.00 2,136.80 65.20
2016-09-30 1,251.40 2,165.50 73.10
2016-06-30 1,255.60 2,184.30 61.00
2016-03-31 1,170.20 2,258.20 43.20
2015-12-31 1,212.60 2,222.00 101.60
2015-09-30 1,334.00 2,301.70 106.40
2015-06-30 1,370.30 2,301.70 68.40
2015-03-31 1,388.00 2,301.70 56.00
2014-12-31 1,445.50 2,198.30 28.50
2014-09-30 1,567.00 1,598.20 272.20
2014-06-30 1,369.10 1,598.10 223.40
2014-03-31 1,285.50 1,598.00 113.90
2013-12-31 2,754.40 0.00 29.80
2013-09-30 2,798.60 0.00 24.10
2013-06-30 2,834.10 0.00 18.20
2013-03-31 2,859.20 0.00 22.60
2012-12-31 2,843.90 0.00 20.20
  • Outfront Media's level of debt (335.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (124.2% vs 335.6% today).
  • Debt is not well covered by operating cash flow (5.3%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Outfront Media's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Outfront Media has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Outfront Media's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.65%
Current annual income from Outfront Media dividends. Estimated to be 6.09% next year.
If you bought $2,000 of Outfront Media shares you are expected to receive $113 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Outfront Media's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Outfront Media's dividend is above the markets top 25% of dividend payers in United States of America (3.69%).
Upcoming dividend payment

Purchase Outfront Media before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:OUT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 184 Stocks 3.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2000 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:OUT Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.65 3.00
2020-12-31 1.57 4.00
2019-12-31 1.45 4.00
NYSE:OUT Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-26 1.440 5.885
2018-10-23 1.440 6.916
2018-07-24 1.440 7.322
2018-04-25 1.440 7.236
2018-02-27 1.440 7.580
2017-10-25 1.440 6.301
2017-07-25 1.440 6.340
2017-02-22 1.440 5.905
2016-10-27 1.360 5.465
2016-07-27 1.360 6.073
2016-04-28 1.360 5.921
2016-02-29 1.360 6.453
2016-02-25 1.360 6.702
2015-10-28 1.420 6.572
2015-07-30 1.420 6.148
2015-04-30 1.420 5.334
2015-02-26 1.420 4.797
2014-10-29 1.480 5.257
2014-08-06 1.480 4.728
2014-04-28 1.480 4.564

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Outfront Media has been paying a dividend for less than 10 years.
  • Outfront Media has only been paying a dividend for 5 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Outfront Media's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (222.2x coverage).
X
Income/ dividend checks
We assess Outfront Media's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Outfront Media afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Outfront Media has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Outfront Media's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jeremy Male
COMPENSATION $6,417,229
AGE 60
TENURE AS CEO 5.7 years
CEO Bio

Mr. Jeremy J. Male has been the Chief Executive Officer of CBS Outdoor Inc. since September 2013. Mr. Male has been the Chairman of the Board of Outfront Media Inc. (previously CBS Outdoor Americas Inc.) since October 29, 2014 and as its Chief Executive Officer since September 2013. He serves as Managing Director of JCDecaux Stadtmoblierung GmbH (Germany), Abribus City Media GmbH (Germany) and JCDecaux Deutschland GmbH (Germany). He serves as a Member of the Executive Board of JCDecaux Nederland BV (Netherlands) and Verkoop Kantoor Media BV (Netherlands). He served as the Chief Executive Officer of United Kingdom & Northern Europe at JCDecaux SA until September 2013 and also served as its Managing Director for Northern and Central Europe. He joined JCDecaux SA in August 2000 as the President of Jcdecaux SA's subsidiary in the United Kingdom. In this capacity, he oversees advertising operations in 14 countries throughout Northern Europe, Eastern Europe and Scandinavia. He served as a Member of the Executive Board at JCDecaux SA from October 9, 2000 to September 2013. He served as a Member of Executive Board at JCDecaux SA from October 9, 2000 to September 12, 2013. He served as the Chief Executive Officer of UK, Northern Europe and Australia of JCDecauxl SA and also served as its Managing Director of Northern and Central Europe. He served as the Chief Executive Officer of UK and Northern Europe of JC Decaux UK Ltd. He served as the Chief Executive Officer of UK and Northern Europe at JCDecaux UK Limited. Prior to that, he served as a Director of European Operations for TDI (Viacom Group) and has held numerous management positions in consumer goods companies, such as Jacobs Suchard and Tchibo. He serves as the Chairman of Outdoor Advertising Association, JCDecaux Finland Oy (Finland), Street Furniture Ltd. (Ireland), JCDecaux Norge (Norway) and JCDecaux Sverige AB (Sweden). He serves as the Chairman of JCDecaux Transport Finland Oy (Finland) and Chairman of the Supervisory Board of JCDecaux Airport Polska SpZoo (Poland). He has been a Director of Outfront Media Inc. since March 2014. He serves as a Director of CBS Outdoor Americas Inc. He serves as a Member of Executive and Supervisory Board of JCDecaux Holding SAS. He serves as a Director of Xpomera AB (Sweden), AFA JCDecaux A/S (Denmark), AFA JCDecaux Iceland Ehf (Iceland), JCDecaux Media Services Ltd. (United Kingdom), JCDecaux Ltd. (United Kingdom), JCDecaux Airport UK Ltd. (United Kingdom), JCDecaux UK Ltd. (United Kingdom) and JCDecaux Ireland (Ireland). He serves as a Member of the Supervisory Board of SIMU BV (Netherlands) and Univier Communications BV (Netherlands).

CEO Compensation
  • Jeremy's compensation has been consistent with company performance over the past year.
  • Jeremy's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Outfront Media management team in years:

4.3
Average Tenure
54.5
Average Age
  • The tenure for the Outfront Media management team is about average.
Management Team

Jeremy Male

TITLE
Chairman & CEO
COMPENSATION
$6M
AGE
60
TENURE
5.7 yrs

Matt Siegel

TITLE
Executive VP & CFO
COMPENSATION
$1M
AGE
55
TENURE
0.9 yrs

Rich Sauer

TITLE
Executive VP & General Counsel
COMPENSATION
$2M
AGE
60
TENURE
12.4 yrs

Andy Sriubas

TITLE
Chief Commercial Officer
COMPENSATION
$3M
AGE
49
TENURE
1.8 yrs

Clive Punter

TITLE
Executive VP & Chief Revenue Officer
COMPENSATION
$2M
AGE
51
TENURE
4.6 yrs

Steve Hillwig

TITLE
Executive Vice President of Operations
AGE
54
TENURE
3.3 yrs

Lowell Simpson

TITLE
Executive VP & Chief Information Officer
TENURE
0.4 yrs

Greg Lundberg

TITLE
Senior Vice President of Investor Relations

Jodi Senese

TITLE
Executive VP & Chief Marketing Officer
AGE
59
TENURE
6.1 yrs

Nancy Tostanoski

TITLE
Executive VP & Chief Human Resources Officer
AGE
54
TENURE
4.3 yrs
Board of Directors Tenure

Average tenure and age of the Outfront Media board of directors in years:

4.6
Average Tenure
60
Average Age
  • The tenure for the Outfront Media board of directors is about average.
Board of Directors

Joseph Wender

TITLE
Lead Independent Director
COMPENSATION
$245K
AGE
73
TENURE
4.3 yrs

Jeremy Male

TITLE
Chairman & CEO
COMPENSATION
$6M
AGE
60
TENURE
4.6 yrs

Peter Mathes

TITLE
Director
COMPENSATION
$225K
AGE
65
TENURE
5.2 yrs

Susan Tolson

TITLE
Director
COMPENSATION
$225K
AGE
56
TENURE
4.8 yrs

Manny Diaz

TITLE
Director
COMPENSATION
$205K
AGE
63
TENURE
4.8 yrs

Nick Brien

TITLE
Director
COMPENSATION
$205K
AGE
56
TENURE
4.6 yrs

Angela Courtin

TITLE
Director
COMPENSATION
$205K
AGE
45
TENURE
2.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Outfront Media's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Outfront Media has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Does The Outfront Media Inc. (NYSE:OUT) Share Price Tend To Follow The Market?

(NYSE:OUT), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Do Investors Have Good Reason To Be Wary Of Outfront Media Inc.'s (NYSE:OUT) 6.1% Dividend Yield?

(NYSE:OUT) be an attractive dividend share to own for the long haul? … Unfortunately, one common occurrence with dividend companies is for investors to be enticed in by the seemingly attractive yield, and lose money when the company has to cut its dividend payments. … With a goodly-sized dividend yield despite a relatively short payment history, investors might be wondering if Outfront Media is a new dividend aristocrat in the making.

Simply Wall St -

How Do Analysts See Outfront Media Inc. (NYSE:OUT) Performing In The Year Ahead?

Based on Outfront Media Inc.'s (NYSE:OUT) earnings update in December 2018, … with profits predicted to ramp up by an impressive 50% next year,

Simply Wall St -

Should Outfront Media (NYSE:OUT) Be Disappointed With Their 24% Profit?

(NYSE:OUT) share price is 24% higher than it was a year ago, much better than the market return of around 6.5% (not including dividends) in the same period. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During the last year, Outfront Media actually saw its earnings per share drop 16%.

Simply Wall St -

Can Outfront Media Inc.'s (NYSE:OUT) ROE Continue To Surpass The Industry Average?

Our data shows Outfront Media has a return on equity of 9.4% for the last year. … That means that for every $1 worth of shareholders' equity, it generated $0.094 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is Outfront Media Inc.'s (NYSE:OUT) Growth Strong Enough To Justify Its March Share Price?

(NYSE:OUT) closed yesterday at $22.44, which left some investors asking whether the high earnings potential can still be justified at this price. … Let’s take a look at some key metrics to determine whether there's any value here for current and potential future investors. … The excitement around Outfront Media's growth potential is not unfounded

Simply Wall St -

Investing In Outfront Media Inc. (NYSE:OUT): What You Need To Know

real estate investment trust (REIT) based in New York, United States. … They have to meet certain requirements in order to become a REIT, meaning they should be analyzed a different way. … This term is very common in the REIT investing world as it provides a cleaner look at its cash flow from daily operations by excluding impact of one-off activities or non-cash items such as depreciation.

Simply Wall St -

Is There Now An Opportunity In Outfront Media Inc. (NYSE:OUT)?

(NYSE:OUT), which is in the reits business, and is based in United States,. … received a lot of attention from a substantial price increase on the NYSE over the last few months. … Let’s take a look at Outfront Media’s outlook and value based on the most recent financial data to see if the opportunity still exists

Simply Wall St -

How Much is Outfront Media Inc.'s (NYSE:OUT) CEO Getting Paid?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Jeremy Male's Compensation Compare With Similar Sized Companies. … has a market cap of US$2.8b, and is paying total annual CEO compensation of US$5.4m.

Simply Wall St -

How Did Outfront Media Inc's (NYSE:OUT) 7.7% ROE Fare Against The Industry?

Our data shows Outfront Media has a return on equity of 7.7% for the last year. … Another way to think of that is that for every $1 worth of equity in the company, it was able to earn $0.077. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Company Info

Description

OUTFRONT leverages the power of technology, location and creativity to connect brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in North America. Through its ON Smart Media platform, OUTFRONT is implementing digital technology that will fundamentally change the ways advertisers engage audiences on-the-go.

Details
Name: Outfront Media Inc.
OUT
Exchange: NYSE
Founded:
$3,611,685,487
141,634,725
Website: http://www.outfrontmedia.com
Address: Outfront Media Inc.
405 Lexington Avenue,
17th Floor,
New York,
New York, 10174,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE OUT Common Stock New York Stock Exchange US USD 28. Mar 2014
DB 76C Common Stock Deutsche Boerse AG DE EUR 28. Mar 2014
Number of employees
Current staff
Staff numbers
2,287
Outfront Media employees.
Industry
Specialized REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 03:08
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/13
Last earnings filing: 2019/05/08
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.