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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash to Debt 0.08
MDP's Cash to Debt is ranked lower than
51% of the 261 Companies
in the Global Publishing industry.

( Industry Median: 0.79 vs. MDP: 0.08 )
MDP' s 10-Year Cash to Debt Range
Min: 0   Max: 4.38
Current: 0.08

0
4.38
Equity to Asset 0.41
MDP's Equity to Asset is ranked higher than
61% of the 246 Companies
in the Global Publishing industry.

( Industry Median: 0.46 vs. MDP: 0.41 )
MDP' s 10-Year Equity to Asset Range
Min: 0.25   Max: 0.45
Current: 0.41

0.25
0.45
Interest Coverage 15.68
MDP's Interest Coverage is ranked higher than
61% of the 164 Companies
in the Global Publishing industry.

( Industry Median: 23.69 vs. MDP: 15.68 )
MDP' s 10-Year Interest Coverage Range
Min: 3.55   Max: 88.15
Current: 15.68

3.55
88.15
F-Score: 6
Z-Score: 2.47
M-Score: -2.52
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 14.33
MDP's Operating margin (%) is ranked higher than
90% of the 249 Companies
in the Global Publishing industry.

( Industry Median: 5.68 vs. MDP: 14.33 )
MDP' s 10-Year Operating margin (%) Range
Min: -9.59   Max: 18.72
Current: 14.33

-9.59
18.72
Net-margin (%) 8.40
MDP's Net-margin (%) is ranked higher than
86% of the 249 Companies
in the Global Publishing industry.

( Industry Median: 3.15 vs. MDP: 8.40 )
MDP' s 10-Year Net-margin (%) Range
Min: -7.6   Max: 11.14
Current: 8.4

-7.6
11.14
ROE (%) 14.47
MDP's ROE (%) is ranked higher than
91% of the 247 Companies
in the Global Publishing industry.

( Industry Median: 6.33 vs. MDP: 14.47 )
MDP' s 10-Year ROE (%) Range
Min: -17.57   Max: 29.15
Current: 14.47

-17.57
29.15
ROA (%) 5.78
MDP's ROA (%) is ranked higher than
85% of the 263 Companies
in the Global Publishing industry.

( Industry Median: 2.71 vs. MDP: 5.78 )
MDP' s 10-Year ROA (%) Range
Min: -6.41   Max: 12.52
Current: 5.78

-6.41
12.52
ROC (Joel Greenblatt) (%) 113.16
MDP's ROC (Joel Greenblatt) (%) is ranked higher than
92% of the 247 Companies
in the Global Publishing industry.

( Industry Median: 21.88 vs. MDP: 113.16 )
MDP' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -70.63   Max: 137.16
Current: 113.16

-70.63
137.16
Revenue Growth (%) 2.40
MDP's Revenue Growth (%) is ranked higher than
84% of the 215 Companies
in the Global Publishing industry.

( Industry Median: -2.20 vs. MDP: 2.40 )
MDP' s 10-Year Revenue Growth (%) Range
Min: -2.7   Max: 13.7
Current: 2.4

-2.7
13.7
EBITDA Growth (%) 2.60
MDP's EBITDA Growth (%) is ranked higher than
83% of the 190 Companies
in the Global Publishing industry.

( Industry Median: -6.50 vs. MDP: 2.60 )
MDP' s 10-Year EBITDA Growth (%) Range
Min: -9.6   Max: 30.7
Current: 2.6

-9.6
30.7
EPS Growth (%) 5.70
MDP's EPS Growth (%) is ranked higher than
83% of the 168 Companies
in the Global Publishing industry.

( Industry Median: -3.10 vs. MDP: 5.70 )
MDP' s 10-Year EPS Growth (%) Range
Min: -12.3   Max: 24.5
Current: 5.7

-12.3
24.5
» MDP's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q2 2013

MDP Guru Trades in Q2 2013

Jim Simons 72,200 sh (New)
Steven Cohen 332,900 sh (+209.7%)
John Hussman 4,500 sh (+50%)
John Rogers 2,268,101 sh (+2.15%)
Ken Fisher 980,275 sh (+1.85%)
Meridian Funds 14,800 sh (unchged)
Paul Tudor Jones Sold Out
Mario Gabelli 272,083 sh (-0.18%)
Scott Black 237,018 sh (-1.06%)
Chuck Royce 2,793,443 sh (-2.85%)
Jeremy Grantham 10,083 sh (-11.42%)
David Dreman 652,183 sh (-14.21%)
Joel Greenblatt 51,952 sh (-42.85%)
» More
Q3 2013

MDP Guru Trades in Q3 2013

Jim Simons 276,000 sh (+282.27%)
Ken Fisher 1,160,005 sh (+18.33%)
Steven Cohen 356,009 sh (+6.94%)
Joel Greenblatt 54,683 sh (+5.26%)
Mario Gabelli 279,283 sh (+2.65%)
John Hussman Sold Out
John Rogers 2,221,601 sh (-2.05%)
Scott Black 227,588 sh (-3.98%)
Chuck Royce 2,326,203 sh (-16.73%)
Jeremy Grantham 8,106 sh (-19.61%)
David Dreman 164,037 sh (-74.85%)
» More
Q4 2013

MDP Guru Trades in Q4 2013

John Hussman 34,000 sh (New)
Paul Tudor Jones 12,712 sh (New)
David Dreman 184,588 sh (+12.53%)
Mario Gabelli 279,283 sh (unchged)
Scott Black 227,008 sh (-0.25%)
Ken Fisher 1,152,815 sh (-0.62%)
Joel Greenblatt 51,833 sh (-5.21%)
John Rogers 2,075,019 sh (-6.6%)
Jeremy Grantham 6,876 sh (-15.17%)
Chuck Royce 1,824,620 sh (-21.56%)
Jim Simons 150,800 sh (-45.36%)
Steven Cohen 16,405 sh (-95.39%)
» More
Q1 2014

MDP Guru Trades in Q1 2014

Ken Fisher 1,119,085 sh (-2.93%)
» More
» Details

Insider Trades

Latest Guru Trades with MDP

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
John Hussman 2013-12-31 New Buy0.13%$46.9 - $53.34 $ 46.28-9%34000
David Dreman 2013-09-30 Reduce -74.85%0.64%$42.96 - $49 $ 46.280%164037
John Hussman 2013-09-30 Sold Out 0.01%$42.96 - $49 $ 46.280%0
David Dreman 2013-06-30 Reduce -14.21%0.11%$36.38 - $48.04 $ 46.2813%652183
Joel Greenblatt 2013-06-30 Reduce -42.85%0.08%$36.38 - $48.04 $ 46.2813%51952
John Hussman 2013-06-30 Add 50%$36.38 - $48.04 $ 46.2813%4500
David Dreman 2013-03-31 Reduce -29.18%0.32%$33.7 - $44.21 $ 46.2824%760231
Joel Greenblatt 2013-03-31 Add 21.65%0.03%$33.7 - $44.21 $ 46.2824%90901
Joel Greenblatt 2012-12-31 Add 79.02%0.07%$29.68 - $35.39 $ 46.2840%74723
John Hussman 2012-12-31 Add 100%$29.68 - $35.39 $ 46.2840%3000
Scott Black 2012-09-30 Add 14.92%0.17%$30.72 - $37.26 $ 46.2838%248041
Joel Greenblatt 2012-09-30 Reduce -25.49%0.03%$30.72 - $37.26 $ 46.2838%41739
Scott Black 2012-06-30 New Buy1.1%$27.08 - $32.66 $ 46.2854%215846
Joel Greenblatt 2012-06-30 Reduce -53.69%0.18%$27.08 - $32.66 $ 46.2854%56016
John Hussman 2012-03-31 New Buy$30.76 - $34.84 $ 46.2849%1500
Ray Dalio 2011-12-31 Sold Out 0.17%$21.48 - $32.94 $ 46.2868%0
Meridian Funds 2011-12-31 Reduce -25.24%$21.48 - $32.94 $ 46.2868%15400
Joel Greenblatt 2011-09-30 Add 46.28%0.14%$21.81 - $31.95 $ 46.2876%116446
Ray Dalio 2011-09-30 Add 49.03%0.06%$21.81 - $31.95 $ 46.2876%507926
Meridian Funds 2011-09-30 New Buy0.02%$21.81 - $31.95 $ 46.2876%20600
David Dreman 2011-06-30 New Buy0.75%$29.5 - $35.94 $ 46.2844%1260812
Joel Greenblatt 2011-06-30 Add 177.08%0.22%$29.5 - $35.94 $ 46.2844%79604
Joel Greenblatt 2011-03-31 New Buy0.29%$33.29 - $36.81 $ 46.2833%28730
Mario Gabelli 2011-03-31 Reduce -52.34%0.07%$33.29 - $36.81 $ 46.2833%265033
Premium More recent guru trades are included for Premium Members only!!
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Guru Investment Theses on Meredith Corp

John Rogers Comments on Meredith Corp. - Jul 25, 2013

Magazine publisher Meredith Corp. (MDP) soared +25.91% due to an earnings beat. Specifically, the company reported adjusted EPS of $0.72 versus consensus of $0.68. Revenues climbed 7% to $370 million, topping estimates of $355 million. A primary driver of results was advertising revenues—both national and local advertising increased substantially. In addition, the company brought down net debt from $340 million at the beginning of the year to $331 million as of the earnings announcement on April 25th. We believe the company has traversed a tricky landscape well over the last few years, sticking to its core competencies and smartly improving its already solid balance sheet.

From John RogersAriel Appreciation Fund Second Quarter 2013 Commentary.


Check out John Rogers latest stock trades

Top Ranked Articles about Meredith Corp

John Rogers Comments on Meredith Corp.
Magazine publisher Meredith Corp. (MDP) soared +25.91% due to an earnings beat. Specifically, the company reported adjusted EPS of $0.72 versus consensus of $0.68. Revenues climbed 7% to $370 million, topping estimates of $355 million. A primary driver of results was advertising revenues—both national and local advertising increased substantially. In addition, the company brought down net debt from $340 million at the beginning of the year to $331 million as of the earnings announcement on April 25th. We believe the company has traversed a tricky landscape well over the last few years, sticking to its core competencies and smartly improving its already solid balance sheet. Read more...
Ariel Investments' John Rogers - 'I Think We'll Move Higher from Here'
John Rogers comments on QE taper, media stocks Meredith (MDP), Gannett (GCI), Northern Trust (NTRS), KKR (KKR), Lazard (LGI), International Speedway (ISCA) and Time Warner (TWC). Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 17.70
MDP's P/E(ttm) is ranked higher than
65% of the 181 Companies
in the Global Publishing industry.

( Industry Median: 16.90 vs. MDP: 17.70 )
MDP' s 10-Year P/E(ttm) Range
Min: 4.97   Max: 32.75
Current: 17.7

4.97
32.75
P/B 2.40
MDP's P/B is ranked lower than
53% of the 230 Companies
in the Global Publishing industry.

( Industry Median: 1.38 vs. MDP: 2.40 )
MDP' s 10-Year P/B Range
Min: 0.63   Max: 4.92
Current: 2.4

0.63
4.92
P/S 1.43
MDP's P/S is ranked lower than
56% of the 254 Companies
in the Global Publishing industry.

( Industry Median: 0.90 vs. MDP: 1.43 )
MDP' s 10-Year P/S Range
Min: 0.36   Max: 2.48
Current: 1.43

0.36
2.48
PFCF 14.30
MDP's PFCF is ranked higher than
62% of the 169 Companies
in the Global Publishing industry.

( Industry Median: 12.71 vs. MDP: 14.30 )
MDP' s 10-Year PFCF Range
Min: 2.92   Max: 24.36
Current: 14.3

2.92
24.36
EV-to-EBIT 11.80
MDP's EV-to-EBIT is ranked higher than
71% of the 206 Companies
in the Global Publishing industry.

( Industry Median: 14.25 vs. MDP: 11.80 )
MDP' s 10-Year EV-to-EBIT Range
Min: 4.7   Max: 18.8
Current: 11.8

4.7
18.8
Shiller P/E 26.00
MDP's Shiller P/E is ranked higher than
60% of the 131 Companies
in the Global Publishing industry.

( Industry Median: 23.21 vs. MDP: 26.00 )
MDP' s 10-Year Shiller P/E Range
Min: 4.21   Max: 40.64
Current: 26

4.21
40.64

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 3.58
MDP's Dividend Yield is ranked higher than
67% of the 185 Companies
in the Global Publishing industry.

( Industry Median: 2.88 vs. MDP: 3.58 )
MDP' s 10-Year Dividend Yield Range
Min: 0.74   Max: 7.71
Current: 3.58

0.74
7.71
Dividend Payout 0.63
MDP's Dividend Payout is ranked higher than
60% of the 135 Companies
in the Global Publishing industry.

( Industry Median: 0.47 vs. MDP: 0.63 )
MDP' s 10-Year Dividend Payout Range
Min: 0.07   Max: 1.95
Current: 0.63

0.07
1.95
Dividend growth (3y) 20.20
MDP's Dividend growth (3y) is ranked higher than
91% of the 105 Companies
in the Global Publishing industry.

( Industry Median: 5.30 vs. MDP: 20.20 )
MDP' s 10-Year Dividend growth (3y) Range
Min: 6.1   Max: 20.2
Current: 20.2

6.1
20.2
Yield on cost (5-Year) 7.81
MDP's Yield on cost (5-Year) is ranked higher than
87% of the 191 Companies
in the Global Publishing industry.

( Industry Median: 3.15 vs. MDP: 7.81 )
MDP' s 10-Year Yield on cost (5-Year) Range
Min: 1.65   Max: 17.19
Current: 7.81

1.65
17.19
Share Buyback Rate 0.30
MDP's Share Buyback Rate is ranked higher than
86% of the 187 Companies
in the Global Publishing industry.

( Industry Median: -0.30 vs. MDP: 0.30 )
MDP' s 10-Year Share Buyback Rate Range
Min: 3.8   Max: -0.4
Current: 0.3

Valuation & Return

vs
industry
vs
history
Price/DCF (Projected) 0.90
MDP's Price/DCF (Projected) is ranked higher than
58% of the 152 Companies
in the Global Publishing industry.

( Industry Median: 0.72 vs. MDP: 0.90 )
MDP' s 10-Year Price/DCF (Projected) Range
Min: 0.29   Max: 132.04
Current: 0.9

0.29
132.04
Price/Median PS Value 1.00
MDP's Price/Median PS Value is ranked higher than
57% of the 230 Companies
in the Global Publishing industry.

( Industry Median: 1.00 vs. MDP: 1.00 )
MDP' s 10-Year Price/Median PS Value Range
Min: 0.38   Max: 1.96
Current: 1

0.38
1.96
Earnings Yield (Greenblatt) 8.50
MDP's Earnings Yield (Greenblatt) is ranked higher than
73% of the 222 Companies
in the Global Publishing industry.

( Industry Median: 7.00 vs. MDP: 8.50 )
MDP' s 10-Year Earnings Yield (Greenblatt) Range
Min: 5.3   Max: 21.1
Current: 8.5

5.3
21.1
Forward Rate of Return (Yacktman) 6.23
MDP's Forward Rate of Return (Yacktman) is ranked higher than
72% of the 204 Companies
in the Global Publishing industry.

( Industry Median: 9.26 vs. MDP: 6.23 )
MDP' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -0.2   Max: 36
Current: 6.23

-0.2
36

Business Description

Industry: Publishing » Publishing
Compare:PSO, MHP, WTKWY, SGPRY, IFPJY » details
Traded in other countries:MDPEB.USA, MEZ.Germany
Meredith Corporation was incorporated under the laws of the State of Iowa. It began in 1902 as an agricultural publisher. In 1924, the Company published the first issue of Homes and Gardens. The Company entered the television broadcasting business in 1948. Today Meredith engages in magazine publishing and related brand licensing, television broadcasting, integrated marketing, interactive media, and video production related operations. The Company operates two business segments: national media and local media. The national media segment includes magazine publishing, brand licensing, integrated marketing, interactive media, database-related activities, and other related operations. The local media segment consists of the operations of network-affiliated television stations, related interactive media operations, and video production related operations. The local media segment consists of 12 network-affiliated television stations located across the United States (U.S.) in mostly fast growing markets and a national video creation unit. Local media's digital presence includes 20 websites and mobile websites and 36 apps focused on news, sports, and weather-related information. The national media segment includes national consumer media brands delivered via multiple media platforms, brand licensing activities, and business-to-business marketing products and services.It focuses on the home and family market. It is a publisher of magazines serving women. In fiscal 2013, it published twenty subscription magazines, including Better Homes and Gardens, Family Circle, Ladies' Home Journal, Parents, FamilyFun, American Baby, EveryDay with Rachael Ray, and Fitness, and approximately 120 special interest publications. Twenty of its brands are also available as digital editions on various platforms. The national media segment's extensive digital media presence consists of over 40 websites, almost 30 mobile-optimized websites, and about 30 applications. The national media segment also includes digital and customer relationship marketing, which provides specialized marketing products and services to some of America's companies; a large consumer database; brand licensing activities; and other related operations. The Company's magazines and related publishing products and services compete with other mass media, including the internet and many other leisure-time activities. Competition for advertising dollars is based on advertising rates, circulation levels, reader demographics, advertiser results, and sales team effectiveness. Competition for readers is based on editorial content, marketing skills, price, and customer service. The ownership, operation, and sale of broadcast television and radio stations, including those licensed to the Company, are subject to the jurisdiction of the FCC, which engages in extensive regulation of the broadcasting industry under authority granted by the Communications Act of 1934, as amended (Communications Act), includi

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