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Salem Media Group Financial Ratios 2022-2008 | SALM
Brief overview of Salem Media Group's valuation multiples
The comparison uses the five latest available annual observations between 2014 and 2021.
The valuation comparison uses P/E 1.98x (median 8.39x), EV/EBITDA 19.7x (median 19.7x), P/S 0.08x (median 0.14x). Multiples are on average 44% below their own medians. Shares look cheaper than their recent historical valuation.
At the current P/E, inverse earnings yield is 50.4%, a useful bridge between price and business earnings.
Returns on assets and capital are represented by ROE -1.8%, ROA -0.6%, ROCE 2.9%. Current return ratios are negative, materially weakening the fundamental profile.
Cash turnover speed was broadly preserved, with the cycle moving from 45.5 days to 38.6 days.
Overall picture
Salem Media Group's valuation is lower, but weak quality metrics call for caution. Recovery in earnings and capital returns is the key catalyst.
Annual Financial Ratios Salem Media Group
| 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
P/E |
-6.2 | 2.0 | -0.5 | -1.3 | -14.7 | 3.8 | 42.0 | 8.4 | 25.6 | -54.6 | 20.3 | 7.3 | - | - | - |
P/S |
0.1 | 0.3 | 0.1 | 0.1 | 0.2 | 1.4 | 1.8 | 1.4 | 2.1 | 2.4 | 1.5 | 0.7 | - | - | - |
EPS |
-0.1 | 1.5 | -2.0 | -1.1 | -0.1 | 0.9 | 0.1 | 0.4 | 0.2 | -0.1 | 0.2 | 0.2 | 0.1 | -0.3 | - |
EV (Enterprise Value) |
350 M | 418 M | 411 M | 405 M | 384 M | 436 M | 504 M | 480 M | 519 M | 523 M | 446 M | 399 M | 377 M | -8.94 M | -1.89 M |
EBITDA per Share |
0.65 | 2.2 | 0.24 | 0.29 | 1.34 | 1.53 | 0.8 | 2 | 1.87 | 2 | 1.84 | 2.33 | 2.13 | 0.95 | - |
EV/EBITDA |
19.7 | 7.1 | 65.2 | 52.4 | 10.9 | 10.9 | 24.3 | 9.5 | 10.9 | 10.5 | 9.9 | 7.0 | 7.4 | -0.4 | - |
PEG |
-0.05 | 0.01 | 0.03 | 0.12 | -3.8 | 0.47 | -2.92 | -16.82 | 1.12 | 0.49 | -1.53 | 0.06 | - | - | - |
P/B |
0.1 | 0.5 | 0.2 | 0.2 | 0.2 | 0.4 | 0.6 | 0.4 | 0.7 | 0.7 | 0.4 | 0.2 | - | - | - |
P/CF |
2.6 | 3.7 | 1.2 | 2.1 | 2.0 | 3.5 | 3.2 | 2.6 | 6.9 | 17.1 | 7.7 | 3.3 | - | - | - |
ROE % |
-1.85 | 23.29 | -39.96 | -14.68 | -1.44 | 10.66 | 1.41 | 5.38 | 2.72 | -1.36 | 2.15 | 2.77 | 0.98 | -4.23 | - |
ROA % |
-0.64 | 8.04 | -10.31 | -4.99 | -0.57 | 4.30 | 0.50 | 1.87 | 0.94 | -0.48 | 0.79 | 1.00 | 0.34 | - | - |
ROCE % |
2.94 | 25.95 | -1.64 | -1.62 | 3.35 | 4.33 | 0.63 | 5.99 | 5.29 | 6.36 | 5.97 | 8.00 | 18.65 | 3.85 | - |
Current Ratio |
1.5 | 1.5 | 1.3 | 1.5 | 1.7 | 1.7 | 1.6 | 1.5 | 1.5 | 1.5 | 1.6 | 1.6 | 1.5 | - | - |
DSO |
38.6 | 35.4 | 42.7 | 45.9 | 45.5 | 189.5 | 192.2 | 189.9 | 200.4 | 211.4 | 199.0 | 192.4 | - | - | - |
DIO |
- | - | - | - | - | 1.3 | 1.2 | 1.6 | 1.0 | - | - | - | - | - | - |
DPO |
- | - | - | - | - | 2.8 | 8.7 | 9.4 | 5.4 | 8.8 | 10.2 | 11.3 | - | - | - |
Operating Cycle |
38.6 | 35.4 | 42.7 | 45.9 | 45.5 | 190.8 | 193.3 | 191.6 | 201.4 | 211.4 | 199.0 | 192.4 | - | - | - |
Cash Conversion Cycle |
38.6 | 35.4 | 42.7 | 45.9 | 45.5 | 188.0 | 184.7 | 182.2 | 196.0 | 202.7 | 188.7 | 181.1 | - | - | - |
All numbers in USD currency
Quarterly Financial Ratios Salem Media Group
| 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPS |
-1.15 | -0.26 | -0.19 | - | -0.44 | 0.33 | 0.06 | - | 0.82 | 0.08 | 0.01 | - | 0.01 | -0.09 | -2.07 | - | -0.75 | -0.14 | 0.01 | - | 0.05 | -0.08 | 0.03 | 0.85 | - | 0.05 | 0.04 | 0.11 | 0.08 | 0.13 | 0.01 | 0.2 | 0.08 | 0.14 | 0.01 | - | 0.14 | 0.05 | 0.02 | 0.21 | 0.21 | 0.2 | -0.75 | 0.08 | 0.13 | -0.07 | 0.03 | 0.04 | 0.06 | 0.05 | 0.1 |
EBITDA per Share |
-0.96 | 0.1 | -0.03 | - | 0.03 | 0.51 | 0.3 | - | 0.95 | 0.45 | 0.28 | - | 0.58 | 0.24 | -0.54 | - | -0.09 | 0.52 | 0.12 | - | 0.76 | 0.4 | 0.39 | 0.17 | 0.67 | 0.65 | 0.35 | 0.13 | 0.83 | 0.7 | 0.4 | 0.36 | 0.87 | 0.71 | 0.4 | 0.27 | 0.9 | 0.67 | 0.4 | 0.38 | 0.81 | 0.68 | 0.42 | 0.41 | 0.78 | 0.45 | 0.47 | 0.44 | 0.83 | 0.72 | 0.64 |
ROE % |
-37.75 | -9.25 | -3.94 | -0.91 | 12.84 | 21.17 | 16.59 | 15.63 | 15.87 | 0.20 | -42.66 | -42.89 | -53.17 | -55.10 | -53.04 | -11.82 | -11.28 | -1.96 | 0.08 | -0.06 | 9.60 | 9.05 | 10.60 | 10.73 | 2.47 | 3.53 | 4.52 | 4.20 | 5.33 | 5.30 | 5.43 | 5.40 | 2.89 | 3.70 | 2.61 | 2.68 | 5.30 | 6.17 | 8.25 | -1.90 | -3.56 | -4.60 | -8.20 | 2.15 | 1.39 | 0.48 | 1.92 | 2.78 | 0.73 | 0.55 | 1.27 |
ROA % |
-11.39 | -2.98 | -1.25 | -0.24 | 3.86 | 6.63 | 4.92 | 4.59 | 4.65 | 0.08 | -10.67 | -10.73 | -14.14 | -14.80 | -14.28 | -3.96 | -3.74 | -0.72 | 0.03 | -0.03 | 3.88 | 3.66 | 4.26 | 4.30 | 0.90 | 1.27 | 1.62 | 1.50 | 1.87 | 1.86 | 1.89 | 1.88 | 1.01 | 1.29 | 0.90 | 0.93 | 1.85 | 2.15 | 2.84 | -0.43 | -1.00 | -1.33 | -2.56 | 0.79 | 0.51 | 0.17 | 0.69 | 1.00 | 0.26 | 0.19 | 0.46 |
ROCE % |
-37.38 | -6.04 | -0.77 | 1.68 | 11.52 | 20.54 | 19.88 | 17.11 | 20.72 | 10.20 | -7.32 | -10.52 | -17.96 | -18.98 | -18.75 | -5.30 | -2.53 | 5.51 | 5.38 | 5.82 | 7.78 | 7.36 | 10.78 | 10.57 | 10.24 | 12.06 | 12.64 | 13.29 | 16.12 | 16.23 | 16.14 | 16.05 | 15.03 | 15.07 | 14.27 | 14.10 | 15.45 | 15.67 | 16.81 | 17.68 | 17.84 | 17.47 | 14.55 | 14.94 | 15.33 | 15.62 | 18.65 | 20.62 | 4.44 | 4.96 | 5.87 |
Current Ratio |
1.4 | 1.5 | 1.5 | - | 1.5 | 1.6 | 1.5 | 1.5 | 1.4 | 1.4 | 1.3 | 1.4 | 1.3 | 1.3 | 1.3 | 1.5 | 1.5 | 1.6 | 1.6 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 |
DSO |
42.5 | 40.2 | 20.5 | - | 40.7 | 38.0 | 39.1 | - | 33.9 | 34.0 | 36.5 | - | 35.2 | 42.6 | 45.2 | - | 46.7 | 44.1 | 47.9 | - | 47.1 | 43.1 | 44.8 | 46.4 | 48.4 | 46.6 | 50.0 | 47.6 | 44.5 | 43.7 | 48.8 | 48.9 | 48.5 | 46.4 | 50.4 | 51.9 | 49.6 | 47.5 | 53.9 | 52.5 | 55.9 | 55.6 | 58.3 | 51.4 | 52.6 | 49.6 | 51.7 | 49.4 | 51.0 | 50.4 | - |
Operating Cycle |
- | - | - | - | - | - | 39.1 | - | 33.9 | 34.0 | 36.5 | - | 36.8 | 42.2 | 43.3 | - | 43.9 | 43.5 | 48.2 | - | 46.0 | 45.5 | 46.9 | 44.2 | 45.4 | 44.9 | 49.0 | 48.1 | 47.7 | 50.2 | 52.6 | 48.3 | 48.7 | 48.9 | 52.2 | 48.1 | 45.6 | 46.2 | 53.0 | 54.8 | 58.7 | 57.1 | 59.6 | 52.8 | 56.3 | 55.4 | 55.5 | 49.6 | 51.9 | 51.0 | - |
Cash Conversion Cycle |
- | - | - | - | - | - | 39.1 | - | 33.9 | 34.0 | 36.5 | - | 36.8 | 42.2 | 43.3 | - | 43.9 | 43.5 | 48.2 | - | 46.0 | 45.5 | 46.9 | 44.2 | 45.4 | 44.9 | 49.0 | 48.1 | 47.7 | 50.2 | 52.6 | 48.3 | 48.7 | 48.9 | 52.2 | 48.1 | 45.6 | 46.2 | 53.0 | 54.8 | 58.7 | 57.1 | 59.6 | 52.8 | 56.3 | 55.4 | 55.5 | 49.6 | 51.9 | 51.0 | - |
All numbers in USD currency
Multiples are an important financial analysis tool for the company Salem Media Group, allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.
Advantages of Using Financial Ratios- Simplified Data Analysis
Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition. - Comparability Between Companies
Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations. - Identification of Trends and Issues
Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks. - Decision Support
Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions. - Accelerated Assessment of Investment Attractiveness
Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.
Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.
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