Gannett Company operates 100 daily publications and related digital platforms in the United States and the United Kingdom; and approximately 400 non-daily local publications in the United States and approximately 125 such titles in the United Kingdom. The company was established in 2014 and is based in McLean, Virginia.
GCI Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for GCI, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Gannett Co Inc ranked in the 8th percentile in terms of potential gain offered. Our DCF analysis suggests the stock is overvalued by about 94%. As for the metrics that stood out in our discounted cash flow analysis of Gannett Co Inc, consider:
Interest coverage, a measure of earnings relative to interest payments, is -1.28; that's higher than only 14.67% of US stocks in the Consumer Cyclical sector that have positive free cash flow.
The company's compound free cash flow growth rate over the past 5.16 years comes in at -0.34%; that's greater than only 4.43% of US stocks we're applying DCF forecasting to.
8% of the company's capital comes from equity, which is greater than only 3.31% of stocks in our cash flow based forecasting set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
Want more companies with a valuation profile/forecast similar to that of Gannett Co Inc? See MLCO, QUOT, BLBD, BXG, and SBUX.
MCLEAN, Va.--(BUSINESS WIRE)--Gannett Co., Inc (NYSE: GCI) today launched “Rebuilding America,” an unprecedented national examination of how America’s economy is rebooting after nearly three months as states reopen for business. This ambitious project involving USA TODAY and Gannett’s 260 daily local news sites will give a coast-to-coast view of the country’s “new economic normal,” as told through the industries powering the national, regional and local economies. Stories will debut on Gannett-
ViacomCBS Inc is cutting up to 400 employees across CBS as part of its plan to save $750 million from its merger with CBS, a source familiar with the matter said on Thursday. Digital and local media companies including Atlantic Media, Vice Media, Gannett Co Inc and Tribune Publishing Co have slashed jobs since the start of the coronavirus pandemic due to drops in ad revenues adding to an declining industry which has seen employment drop by 23% between 2008 and 2019, according to the Pew Research Center. "We are restructuring various operations at CBS as part our ongoing integration with Viacom, and to adapt to changes in our business, including those related to COVID-19," a CBS spokesman said in a statement.
Gannett Co., Inc (NYSE: GCI) today launched "Rebuilding America," an unprecedented national examination of how America’s economy is rebooting after nearly three months as states reopen for business. This ambitious project involving USA TODAY and Gannett’s 260 daily local news sites will give a coast-to-coast view of the country’s "new economic normal," as told through the industries powering the national, regional and local economies. Stories will debut on Gannett-owned digital sites beginning today and appear in print editions on May 31 with a nationwide narrative of what consumers, companies and taxpayers can expect as the American economy begins to accelerate again.
MCLEAN, Va.--(BUSINESS WIRE)--Gannett Co., Inc. (“Gannett”, the “Company”) (NYSE: GCI) announced today that it will hold its 2020 Annual Meeting of Stockholders (the “Annual Meeting”) virtually due to the ongoing public health impact of the COVID-19 pandemic and to support the health and safety of the Company’s stockholders, employees, and communities. The Annual Meeting will be held on the same date and time as originally scheduled: Monday, June 8, 2020 at 8:00 a.m., Eastern Time. Shareholders
Atlantic Media, the owner of The Atlantic magazine, announced Thursday the publication is cutting nearly 20% of its staff as the coronavirus pandemic devastates ad sales and the live events business. The Atlantic, which is backed by entrepreneur Laurene Powell Jobs, is the latest media and news organization to suffer the brunt of the pandemic's economic impact following jobs cuts at Vice Media Group, The Economist Group and Quartz Media Inc last week. Local media has been especially hard hit as publishers such as Gannett Co Inc and Tribune Publishing Co slashed jobs in April to stay afloat, exacerbating a long-term trend.