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Cumulus Media (Cumulus Media) Enterprise Value : $778.7 Mil (As of May. 05, 2024)


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What is Cumulus Media Enterprise Value?

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Cumulus Media's Enterprise Value is $778.7 Mil. Cumulus Media's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $-29.4 Mil. Therefore, Cumulus Media's EV-to-EBIT ratio for today is -26.46.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Cumulus Media's Enterprise Value is $778.7 Mil. Cumulus Media's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 was $28.7 Mil. Therefore, Cumulus Media's EV-to-EBITDA ratio for today is 27.09.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Cumulus Media's Enterprise Value is $778.7 Mil. Cumulus Media's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 was $844.5 Mil. Therefore, Cumulus Media's EV-to-Revenue ratio for today is 0.92.


Cumulus Media Enterprise Value Historical Data

The historical data trend for Cumulus Media's Enterprise Value can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Cumulus Media Enterprise Value Chart

Cumulus Media Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,451.62 1,036.24 1,006.82 868.17 820.47

Cumulus Media Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Enterprise Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 868.17 801.55 796.10 817.55 820.47

Competitive Comparison of Cumulus Media's Enterprise Value

For the Broadcasting subindustry, Cumulus Media's Enterprise Value, along with its competitors' market caps and Enterprise Value data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Cumulus Media's Enterprise Value Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Cumulus Media's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Cumulus Media's Enterprise Value falls into.



Cumulus Media Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

Cumulus Media's Enterprise Value for the fiscal year that ended in Dec. 2023 is calculated as

Cumulus Media's Enterprise Value for the quarter that ended in Dec. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Cumulus Media  (NAS:CMLS) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

Cumulus Media's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=778.730/-29.427
=-26.46

Cumulus Media's current Enterprise Value is $778.7 Mil.
Cumulus Media's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-29.4 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

Cumulus Media's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=778.730/28.749
=27.09

Cumulus Media's current Enterprise Value is $778.7 Mil.
Cumulus Media's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $28.7 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

Cumulus Media's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=778.730/844.548
=0.92

Cumulus Media's current Enterprise Value is $778.7 Mil.
Cumulus Media's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $844.5 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Cumulus Media Enterprise Value Related Terms

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Cumulus Media (Cumulus Media) Business Description

Traded in Other Exchanges
Address
780 Johnson Ferry Road NE, Suite 500, Atlanta, GA, USA, 30342
Cumulus Media Inc is a radio broadcasting company combining high-quality local programming with iconic, nationally syndicated media, sports, and entertainment brands to deliver premium content choices to its customers and radio stations affiliated with Westwood One network and numerous digital channels. The company's revenue is derived mainly from the sale of local, regional, and national advertising which is broadcast on its radio stations.
Executives
Deborah A Farrington director STARVEST PARTNERS, L.P., 750 LEXINGTON AVENUE, 15TH FLOOR, NEW YORK NY 10022
David Edward Milner officer: EVP - Operations 3280 PEACHTREE ROAD, N.W., SUITE 2200, ATLANTA GA 30305
Richard Denning officer: EVP, GEN COUNSEL & SECRETARY 3280 PEACHTREE ROAD NW SUITE 2300, ATLANTA GA 30305
Brigade Capital Management, Lp 10 percent owner 399 PARK AVENUE, 16TH FLOOR, NEW YORK NY 10022
Francisco J Lopez-balboa officer: EVP and CFO 3280 PEACHTREE ROAD, N.W., ATLANTA GA 30305
Sallie Kimbrough officer: See Remarks 3280 PEACHTREE ROAD, N.W., SUITE 2200, ATLANTA GA 30305
Robert J Walker officer: EVP - Operations 3280 PEACHTREE ROAD, N.W., SUITE 2200, ATLANTA GA 30305
Mary G. Berner director, officer: PRESIDENT & CEO C/O CUMULUS MEDIA, INC., 3280 PEACHTREE ROAD, NW, ATLANTA GA 30305
Suzanne M Grimes officer: EVP Corporate Marketing 200 EAST BASSE ROAD, SAN ANTONIO TX 78209
John Abbot officer: EVP, TREASURER & CFO
Sp Signal Manager, Llc 10 percent owner 2 GREENWICH PLAZA, FIRST FLOOR, GREENWICH CT 06830
Nimbus Atlas Llc 10 percent owner 399 PARK AVENUE, 16TH FLOOR, NEW YORK NY 10022
Thomas H Castro director C/O TIME WARNER CABLE INC., 60 COLUMBUS CIRCLE, 16TH FLOOR, NEW YORK NY 10023
Matthew Blank director TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
David M Baum director 784 MORRIS TURNPIKE #367, SHORT HILLS NJ 07078