E.W. Scripps operates as a media enterprise with interests in television stations, newspapers, and local and national digital media sites. The company was founded in 1878 and is based in Cincinnati, Ohio.
SSP Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for EW SCRIPPS Co. To summarize, we found that EW SCRIPPS Co ranked in the 30th percentile in terms of potential gain offered. We should note, though, that all scenearios modelled for this stock suggest it is overvalued. As for the metrics that stood out in our discounted cash flow analysis of EW SCRIPPS Co, consider:
39% of the company's capital comes from equity, which is greater than only 12.96% of stocks in our cash flow based forecasting set.
The business' balance sheet suggests that 61% of the company's capital is sourced from debt; this is greater than 87% of the free cash flow producing stocks we're observing.
The company's cost of debt, derived from its interest coverage, tax rate, and market capitalization, is greater than 51.35% of stocks in its sector (Consumer Cyclical).
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 EW SCRIPPS Co? See JW.A, CPRI, NWSA, SEE, and ATR.
Shares of E.W. Scripps spiked 13% in Friday’s extended market trading after the TV station owner disclosed that Warren Buffett’s Berkshire Hathaway has a 24.9% passive stake in the company. According to an SEC filing, billionaire investor Buffett owns 23.1 million shares of E.W. Scripps (SSP), which are held in the form of a warrant exercisable within 60 days. Back in September, Buffett agreed to make a $600 million equity investment in E.W. Scripps to help the company buy broadcast network ION Media for $2.65 billion. In exchange, Berkshire received a warrant to purchase 23.1 million in Class A E.W. Scripps shares at $13 a piece. E.W.
E.W. Scripps (SSP) gained 12.9% in after-hours trade last night after the company reported that Berkshire holds 24.9% passive stake in the company.23.08M shares disclosed in form SC 13G are held in the form of a warrant exercisable by the Berkshire Hathaway within 60 days....
Shares of E.W. Scripps Co. fell 0.7% in midday trading Thursday, after the media company said it has starting laying off 120 employees this week, as part of cost-saving moves related to its acquisition of ION Media. The TV station owner had about 5,900 full-time employees at the end of 2019, according to the most recently available annual report. said it now expects to exceed its initial estimates of $500 million in synergies over the next six years as a result of the ION deal. The company had announced in September 2020 that it was buying ION, in a deal backed by Warren Buffett's Berkshire Hathaway Inc. , for $2.65 billion. E.W. Scripps stock has run up 40.5% over the past three months, while the S&P 500 has gained 9.4%.