NYSE:OUT

Stock Analysis Report

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Executive Summary

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. More Details


Snowflake Analysis

Reasonable growth potential and fair value.


Similar Companies

Share Price & News

How has Outfront Media (REIT)'s share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: OUT has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

8.4%

OUT

-0.4%

US REITs

-0.4%

US Market


1 Year Return

-43.9%

OUT

-14.2%

US REITs

18.3%

US Market

Return vs Industry: OUT underperformed the US REITs industry which returned -14.2% over the past year.

Return vs Market: OUT underperformed the US Market which returned 18.3% over the past year.


Shareholder returns

OUTIndustryMarket
7 Day8.4%-0.4%-0.4%
30 Day-0.3%5.5%8.0%
90 Day2.4%2.6%9.4%
1 Year-42.3%-43.9%-10.8%-14.2%21.0%18.3%
3 Year-26.0%-37.0%14.9%1.3%42.1%32.7%
5 Year-16.3%-36.9%40.4%12.2%85.6%64.7%

Price Volatility Vs. Market

How volatile is Outfront Media (REIT)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Outfront Media (REIT) undervalued compared to its fair value and its price relative to the market?

38.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: OUT ($14.9) is trading below our estimate of fair value ($24.1)

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


Price To Earnings Ratio

PE vs Industry: OUT is poor value based on its PE Ratio (85x) compared to the US REITs industry average (34.5x).

PE vs Market: OUT is poor value based on its PE Ratio (85x) compared to the US market (19.2x).


Price to Earnings Growth Ratio

PEG Ratio: OUT is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: OUT is overvalued based on its PB Ratio (2.2x) compared to the US REITs industry average (1.4x).


Next Steps

Future Growth

How is Outfront Media (REIT) forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

112.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OUT's forecast earnings growth (112.9% per year) is above the savings rate (2.2%).

Earnings vs Market: OUT's earnings (112.9% per year) are forecast to grow faster than the US market (22.1% per year).

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

Revenue vs Market: OUT's revenue (11.5% per year) is forecast to grow faster than the US market (9.9% per year).

High Growth Revenue: OUT's revenue (11.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: OUT's Return on Equity is forecast to be low in 3 years time (10.2%).


Next Steps

Past Performance

How has Outfront Media (REIT) performed over the past 5 years?

11.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OUT has a large one-off loss of $25.2M impacting its June 30 2020 financial results.

Growing Profit Margin: OUT's current net profit margins (1.6%) are lower than last year (9.3%).


Past Earnings Growth Analysis

Earnings Trend: OUT's earnings have grown by 11% per year over the past 5 years.

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

Earnings vs Industry: OUT had negative earnings growth (-84%) over the past year, making it difficult to compare to the REITs industry average (5.1%).


Return on Equity

High ROE: OUT's Return on Equity (2.3%) is considered low.


Next Steps

Financial Health

How is Outfront Media (REIT)'s financial position?


Financial Position Analysis

Short Term Liabilities: OUT's short term assets ($887.7M) exceed its short term liabilities ($507.7M).

Long Term Liabilities: OUT's short term assets ($887.7M) do not cover its long term liabilities ($4.0B).


Debt to Equity History and Analysis

Debt Level: OUT's debt to equity ratio (195.2%) is considered high.

Reducing Debt: OUT's debt to equity ratio has increased from 168.1% to 195.2% over the past 5 years.

Debt Coverage: OUT's debt is not well covered by operating cash flow (9%).

Interest Coverage: OUT's interest payments on its debt are not well covered by EBIT (1.4x coverage).


Balance Sheet


Next Steps

Dividend

What is Outfront Media (REIT) current dividend yield, its reliability and sustainability?

2.83%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

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

5.8yrs

Average management tenure


CEO

Jeremy Male (62 yo)

7.08yrs

Tenure

US$6,993,709

Compensation

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.) s ...


CEO Compensation Analysis

Compensation vs Market: Jeremy's total compensation ($USD6.99M) is above average for companies of similar size in the US market ($USD4.43M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Jeremy Male
Chairman & CEO7.08yrsUS$6.99m0.29%
$ 6.2m
Matthew Siegel
Executive VP & CFO2.33yrsUS$2.56m0.014%
$ 299.5k
Richard Sauer
Executive VP & General Counsel13.83yrsUS$1.70m0.053%
$ 1.1m
Andrew Sriubas
Executive VP & Chief Commercial Officer3.17yrsUS$3.46m0.11%
$ 2.3m
Clive Punter
Executive VP & Chief Revenue Officer6yrsUS$2.35m0.063%
$ 1.4m
Steve Hillwig
Executive Vice President of Operations4.75yrsno datano data
Lowell Simpson
Executive VP & Chief Information Officer1.83yrsno datano data
Gregory Lundberg
Senior Vice President of Investor Relationsno datano datano data
Jodi Senese
Executive VP & Chief Marketing Officer7.5yrsno data0.049%
$ 1.0m
Nancy Tostanoski
Executive VP & Chief Human Resources Officer5.67yrsno data0.028%
$ 605.1k
Dana Wells
Executive Vice President of California - West Coast29.17yrsno datano data
Phillip Stimpson
Executive Vice President of East Coast Region?no datano datano data

5.8yrs

Average Tenure

56.5yo

Average Age

Experienced Management: OUT's management team is seasoned and experienced (5.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jeremy Male
Chairman & CEO7.08yrsUS$6.99m0.29%
$ 6.2m
Michael Dominguez
Independent Director0.33yrno datano data
Joseph Wender
Lead Independent Director5.67yrsUS$245.00k0.020%
$ 440.0k
Nicolas Brien
Independent Director6yrsUS$205.00k0.022%
$ 466.3k
Peter Mathes
Independent Director6.58yrsUS$225.00k0.026%
$ 550.4k
Susan Tolson
Independent Director6.17yrsUS$225.00k0.020%
$ 423.2k
Manuel Diaz
Independent Director6.17yrsUS$205.00k0.020%
$ 423.2k
Angela Courtin
Independent Director3.5yrsUS$205.00k0.012%
$ 250.0k

6.0yrs

Average Tenure

60yo

Average Age

Experienced Board: OUT's board of directors are considered experienced (6 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

Outfront Media Inc. (REIT)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Outfront Media Inc. (REIT)
  • Ticker: OUT
  • Exchange: NYSE
  • Founded:
  • Industry: Specialized REITs
  • Sector: Real Estate
  • Market Cap: US$2.152b
  • Shares outstanding: 144.41m
  • Website: https://www.outfrontmedia.com

Number of Employees


Location

  • Outfront Media Inc. (REIT)
  • 405 Lexington Avenue
  • 17th Floor
  • New York
  • New York
  • 10174
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
76CDB (Deutsche Boerse AG)YesCommon StockDEEURMar 2014
OUTNYSE (New York Stock Exchange)YesCommon StockUSUSDMar 2014

Biography

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 mobil ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/25 00:57
End of Day Share Price2020/10/23 00:00
Earnings2020/06/30
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.