Is There Now An Opportunity In DISH Network Corporation (NASDAQ:DISH)?
Oct 24
U.S. Media Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies147
- 7D-5.7%
- 3M-13.4%
- 1Y6.1%
- YTD4.4%
Over the last 7 days, the Media industry has dropped 7.9%, driven by Comcast declining 5.8%. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 12% per annum.
Industry Valuation and Performance
Has the U.S. Media Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | US$380.8b | US$334.6b | US$24.4b | 11.6x | 15.6x | 1.1x |
| Thu, 28 Sep 2023 | US$419.5b | US$334.2b | US$15.6b | 15.6x | 26.8x | 1.3x |
| Sat, 26 Aug 2023 | US$428.0b | US$334.3b | US$15.7b | 15x | 27.2x | 1.3x |
| Mon, 24 Jul 2023 | US$430.7b | US$334.8b | US$17.4b | 14.6x | 24.7x | 1.3x |
| Wed, 21 Jun 2023 | US$402.0b | US$334.8b | US$17.3b | 14.6x | 23.2x | 1.2x |
| Fri, 19 May 2023 | US$400.6b | US$334.7b | US$17.3b | 14.3x | 23.1x | 1.2x |
| Sun, 16 Apr 2023 | US$397.3b | US$341.5b | US$22.6b | 14.5x | 17.6x | 1.2x |
| Tue, 14 Mar 2023 | US$373.5b | US$341.3b | US$22.6b | 13.8x | 16.5x | 1.1x |
| Thu, 09 Feb 2023 | US$425.2b | US$340.2b | US$26.2b | 12.6x | 16.2x | 1.2x |
| Sat, 07 Jan 2023 | US$404.2b | US$339.1b | US$26.7b | 13.5x | 15.1x | 1.2x |
| Mon, 05 Dec 2022 | US$408.8b | US$339.0b | US$26.8b | 11.8x | 15.3x | 1.2x |
| Wed, 02 Nov 2022 | US$376.9b | US$338.2b | US$27.7b | 11.5x | 13.6x | 1.1x |
| Fri, 30 Sep 2022 | US$332.9b | US$336.9b | US$36.4b | 10.2x | 9.1x | 1x |
| Sun, 28 Aug 2022 | US$406.9b | US$336.9b | US$36.5b | 12.4x | 11.2x | 1.2x |
| Tue, 26 Jul 2022 | US$449.8b | US$333.2b | US$36.1b | 13.8x | 12.5x | 1.4x |
| Thu, 23 Jun 2022 | US$414.8b | US$333.0b | US$36.1b | 12.8x | 11.5x | 1.2x |
| Sat, 21 May 2022 | US$457.5b | US$333.4b | US$36.1b | 15.5x | 12.7x | 1.4x |
| Mon, 18 Apr 2022 | US$565.4b | US$332.6b | US$34.2b | 19.1x | 16.5x | 1.7x |
| Wed, 16 Mar 2022 | US$550.9b | US$335.3b | US$34.7b | 15.6x | 15.9x | 1.6x |
| Fri, 11 Feb 2022 | US$595.2b | US$333.4b | US$32.9b | 14.7x | 18.1x | 1.8x |
| Sun, 09 Jan 2022 | US$599.2b | US$329.4b | US$32.8b | 12.7x | 18.3x | 1.8x |
| Tue, 07 Dec 2021 | US$614.1b | US$328.1b | US$32.8b | 13.5x | 18.7x | 1.9x |
| Thu, 04 Nov 2021 | US$639.1b | US$320.9b | US$32.9b | 16.2x | 19.4x | 2x |
| Sat, 02 Oct 2021 | US$675.4b | US$314.3b | US$30.5b | 14.9x | 22.1x | 2.1x |
| Mon, 30 Aug 2021 | US$690.0b | US$317.9b | US$30.4b | 13x | 22.7x | 2.2x |
| Tue, 06 Jul 2021 | US$671.8b | US$317.8b | US$30.4b | 13.1x | 22.1x | 2.1x |
| Fri, 09 Apr 2021 | US$630.1b | US$303.9b | US$25.1b | 15.7x | 25.1x | 2.1x |
| Thu, 31 Dec 2020 | US$606.7b | US$300.5b | US$18.7b | 13x | 32.5x | 2x |
Price to Earnings Ratio
29.7x
Current Industry PE
- Investors are pessimistic on the American Media industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 15.3x which is lower than its 3-year average PE of 20.8x.
- The 3-year average PS ratio of 1.6x is higher than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Media industry have grown 14% per year over the last three years.
- Revenues for these companies have grown 4.1% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the U.S. Telecom industry?
| US Market | -1.24% | |
| Telecom | -4.59% | |
| Media | -5.66% | |
| Broadcasting | -1.59% | |
| Publishing | -2.14% | |
| Advertising | -4.45% | |
| Cable and Satellite | -6.78% | |
Industry PE
- Investors are most optimistic about the Advertising industry which is trading above its 3-year average PE ratio of 92.7x.
- Analysts are expecting annual earnings growth of 27.8%, which is higher than its past year's earnings decline of 9.3% per year.
- Investors are most pessimistic about the Cable and Satellite industry, which is trading below its 3-year average of 19.8x.
Forecasted Growth
- Analysts are most optimistic on the Advertising industry, expecting annual earnings growth of 28% over the next 5 years.
- This is better than its past earnings decline of 9.3% per year.
- In contrast, the Cable and Satellite industry is expected to see its earnings grow by 5.6% per year over the next few years.
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 | |
| CCO Clear Channel Outdoor Holdings | US$1.20 | 7.1% +US$38.6m | -16.1% | PS0.2x | |
| SBGI Sinclair | US$10.67 | 5.8% +US$37.1m | -40.1% | PE3.9x | |
| STGW Stagwell | US$4.33 | 6.1% +US$29.1m | -43.0% | PS0.2x | |
| NCMI National CineMedia | US$3.70 | 3.9% +US$13.5m | -16.1% | PE0.7x |