Returns On Capital At AMC Networks (NASDAQ:AMCX) Paint A Concerning Picture
Oct 26
U.S. Broadcasting Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies25
- 7D-4.4%
- 3M-22.0%
- 1Y-26.1%
- YTD-22.5%
Over the last 7 days, the Broadcasting industry has dropped 4.4%, driven by a pullback from Fox of 3.5%. Overall the industry is down 26% in 12 months. Looking forward, earnings are forecast to grow by 22% annually.
Industry Valuation and Performance
Has the U.S. Broadcasting Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | US$31.4b | US$69.1b | US$388.4m | 6.7x | 81x | 0.5x |
| Thu, 28 Sep 2023 | US$33.9b | US$69.2b | US$394.3m | 6.8x | 86x | 0.5x |
| Sat, 26 Aug 2023 | US$37.6b | US$70.2b | US$402.1m | 7.5x | 93.4x | 0.5x |
| Mon, 24 Jul 2023 | US$41.1b | US$71.1b | US$2.2b | 8x | 18.8x | 0.6x |
| Wed, 21 Jun 2023 | US$40.1b | US$71.1b | US$2.2b | 7x | 18.3x | 0.6x |
| Fri, 19 May 2023 | US$39.6b | US$71.1b | US$2.2b | 7x | 18.1x | 0.6x |
| Sun, 16 Apr 2023 | US$47.6b | US$75.0b | US$6.6b | 6.8x | 7.2x | 0.6x |
| Tue, 14 Mar 2023 | US$44.7b | US$75.0b | US$6.6b | 6.3x | 6.8x | 0.6x |
| Thu, 09 Feb 2023 | US$52.9b | US$74.1b | US$8.4b | 6.6x | 6.3x | 0.7x |
| Sat, 07 Jan 2023 | US$47.6b | US$74.1b | US$8.4b | 6x | 5.7x | 0.6x |
| Mon, 05 Dec 2022 | US$49.1b | US$74.1b | US$8.4b | 6x | 5.8x | 0.7x |
| Wed, 02 Nov 2022 | US$47.9b | US$73.8b | US$9.1b | 8.2x | 5.2x | 0.6x |
| Fri, 30 Sep 2022 | US$47.8b | US$73.8b | US$9.1b | 7.5x | 5.2x | 0.6x |
| Sun, 28 Aug 2022 | US$55.6b | US$73.8b | US$9.1b | 8.6x | 6.1x | 0.8x |
| Tue, 26 Jul 2022 | US$56.5b | US$72.6b | US$9.2b | 8.4x | 6.2x | 0.8x |
| Thu, 23 Jun 2022 | US$52.9b | US$72.6b | US$9.2b | 7.3x | 5.8x | 0.7x |
| Sat, 21 May 2022 | US$61.8b | US$72.6b | US$9.2b | 8x | 6.8x | 0.9x |
| Mon, 18 Apr 2022 | US$83.1b | US$77.5b | US$8.3b | 14x | 10x | 1.1x |
| Wed, 16 Mar 2022 | US$83.9b | US$77.5b | US$8.3b | 11.5x | 10.1x | 1.1x |
| Fri, 11 Feb 2022 | US$89.9b | US$76.2b | US$7.6b | 9.2x | 11.9x | 1.2x |
| Sun, 09 Jan 2022 | US$85.2b | US$75.8b | US$7.9b | 8.7x | 10.8x | 1.1x |
| Tue, 07 Dec 2021 | US$77.5b | US$75.8b | US$7.9b | 8.7x | 9.8x | 1x |
| Thu, 04 Nov 2021 | US$86.9b | US$73.4b | US$8.5b | 10.9x | 10.2x | 1.2x |
| Sat, 02 Oct 2021 | US$88.3b | US$73.4b | US$8.6b | 10.9x | 10.3x | 1.2x |
| Mon, 30 Aug 2021 | US$86.9b | US$73.4b | US$8.5b | 9.7x | 10.2x | 1.2x |
| Tue, 06 Jul 2021 | US$93.6b | US$73.4b | US$8.5b | 9.9x | 11x | 1.3x |
| Fri, 09 Apr 2021 | US$97.5b | US$70.3b | US$7.0b | 9.2x | 14x | 1.4x |
| Thu, 31 Dec 2020 | US$75.3b | US$69.8b | US$4.5b | 6.3x | 16.6x | 1.1x |
Price to Earnings Ratio
23.1x
Current Industry PE
- Investors are optimistic on the American Broadcasting industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 81.0x which is higher than its 3-year average PE of 17.6x.
- The industry is trading close to its 3-year average PS ratio of 0.92x.
Past Earnings Growth
- The earnings for companies in the Broadcasting industry have declined 46% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Comparison
How does U.S. Broadcasting compare with similar industries?
| US Market | -2.42% | |
| Telecom | -5.51% | |
| Media | -7.90% | |
| Broadcasting | -4.37% | |
| Publishing | -4.24% | |
| Advertising | -5.47% | |
| Cable and Satellite | -9.32% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| TGNA TEGNA | US$14.37 | 4.4% +US$120.9m | -31.2% | PE4.3x | |
| SBGI Sinclair | US$10.67 | 5.8% +US$37.1m | -40.1% | PE3.9x | |
| GTN Gray Television | US$6.36 | 0.8% +US$4.6m | -55.1% | PE2.7x | |
| BBGI Beasley Broadcast Group | US$0.77 | 13.8% +US$2.8m | -26.3% | PS0.09x | |
| SALM Salem Media Group | US$0.69 | 9.4% +US$1.6m | -66.9% | PS0.07x |
