Meredith Corporation operates in two segments, Local Media and National Media, which publishes approximately 21 subscription magazines that include Better Homes and Gardens, Parents, Family Circle, Allrecipes, EveryDay with Rachael Ray, and FamilyFun, as well as approximately 120 special interest publications under approximately 80 titles. The company was founded in 1902 and is based in Des Moines, Iowa.
MDP Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for MDP, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Meredith Corp ranked in the 48th percentile in terms of potential gain offered. As for the metrics that stood out in our discounted cash flow analysis of Meredith Corp, consider:
19% of the company's capital comes from equity, which is greater than merely 7.86% of stocks in our cash flow based forecasting set.
Meredith Corp's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -1.3. This coverage rate is greater than that of merely 19.32% of stocks we're observing for the purpose of forecasting via discounted cash flows.
The weighted average cost of capital for the company is 16. This value is greater than 92.24% stocks in the Consumer Cyclical sector that generate free cash flow.
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 Meredith Corp? See LOCO, AZO, PVH, ESCA, and SIRI.
Meredith Corporation (NYSE: MDP) announced today that it has begun making Traditional Home available for home delivery via the Meredith Magazine Store, beginning with the Fall/Winter 2020 issue. The quarterly continues to be available at newsstands with a $12.99 cover price.
NEW YORK, July 16, 2020 /PRNewswire/ -- Meredith Corporation's (NYSE: MDP) PEOPLE EN ESPAÑOL today announced that in response to the global COVID-19 pandemic, it is pivoting to virtual events for the remainder of 2020. The brand, which reaches an audience of almost 17 million, is…
DALLAS--(BUSINESS WIRE)-- #msp--Cytracom, a leading communications vendor focused on connecting the modern workforce, today announced the appointment of Meredith Caram as Vice President of Sales. The 20-year information technology and communications leader joins Cytracom after successfully leading global distribution at Intrado and a long tenure of progressive leadership positions in sales, business development, and marketing at AT&T. “We are excited about Meredith joining our team to lead our nex
NEW YORK, July 10, 2020 /PRNewswire/ -- Meredith Corporation's (NYSE: MDP) PARENTS magazine's August "Raise a Reader" issue, available now, debuts its first-ever list of 100 Books to Inspire Your Kids covering a wide range of titles to help turn children of all ages into readers. To…
NEW YORK , July 8, 2020 /PRNewswire/ -- Meredith Corporation 's (NYSE: MDP ) Travel + Leisure announces the results of the World's Best Awards 2020 readers' survey, revealing the top travel destinations and companies in the U.S. and around the globe. This year marks the 25th edition of this annual readers' survey, in which Travel + Leisure readers rate their experiences in a variety of categories, from cities and hotels to cruise lines and airlines.* The complete results are now featured on www.TravelandLeisure.com/worlds-best and span more than 100 digital stories, including 91 lists. Among the rankings are Top Cities Overall, with Oaxaca, Mexico ; San Miguel de Allende, Mexico ; and Hoi An , Vietnam , placing first through third; and regional lists, such as Top City Hotels in the Cont...