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Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
As of today (2024-04-27), Salem Media Group's Intrinsic Value: Projected FCF is $6.39. The stock price of Salem Media Group is $0.381. Therefore, Salem Media Group's Price-to-Intrinsic-Value-Projected-FCF of today is 0.1.
The historical rank and industry rank for Salem Media Group's Intrinsic Value: Projected FCF or its related term are showing as below:
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Salem Media Group was 0.67. The lowest was 0.06. And the median was 0.28.
The historical data trend for Salem Media Group's Intrinsic Value: Projected FCF 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.
Salem Media Group Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Intrinsic Value: Projected FCF | Get a 7-Day Free Trial | 15.04 | 13.17 | 11.21 | 11.15 | 9.39 |
Salem Media Group Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Intrinsic Value: Projected FCF | Get a 7-Day Free Trial | 10.06 | 9.39 | 8.50 | 7.62 | 6.39 |
For the Broadcasting subindustry, Salem Media Group's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF 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.
For the Media - Diversified industry and Communication Services sector, Salem Media Group's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where Salem Media Group's Price-to-Projected-FCF falls into.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)
In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):
Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)
Add all the Free Cash Flow together and divide 6 will get Salem Media Group's Free Cash Flow(6 year avg) = $7.17.
Salem Media Group's Intrinsic Value: Projected FCF for today is calculated as
Intrinsic Value: Projected FCF | = | (Growth Multiple | * | Free Cash Flow (6 year avg) | + | Total Stockholders Equity (Sep23) | * | 0.8) | / | Shares Outstanding (Diluted Average) |
= | (9.5203515959648 | * | 7.16672 | + | 132.152 | * | 0.8) | / | 27.217 | |
= | 6.39 |
* 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.
Salem Media Group (OTCPK:SALM) Intrinsic Value: Projected FCF Explanation
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
Salem Media Group's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF | = | Share Price | / | Intrinsic Value: Projected FCF |
= | 0.381 | / | 6.3912736227297 | |
= | 0.06 |
* 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.
Thank you for viewing the detailed overview of Salem Media Group's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.
Jacki L Pick | director | 6400 N BELT LINE ROAD, IRVING TX 75063 |
Eugene Allen Power | officer: President Broadcast Media | 6400 NORTH BELT LINE ROAD, IRVING TX 75063 |
Epperson 2022 Gst Trust | 10 percent owner | 3780 WILL SCARLET ROAD, WINSTON SALEM NC 27104 |
Epperson Stuart W. Jr. | director, 10 percent owner | 4880 SANTA ROSA RD., CAMARILLO CA 93012 |
Stuart W Epperson | 10 percent owner | 3780 WILL SCARLET RD, WINSTON SALEM NC 27104 |
Evan D Masyr | officer: V.P. and Corporate Controller | 4880 SANTA ROSA ROAD, STE 300, CAMARILLO CA 93012 |
David P Santrella | officer: President - Broadcast Media | 4880 SANTA ROSA ROAD, CAMARILLO CA 93012 |
Christopher J Henderson | officer: SVP, General Counsel & Secy | 4880 SANTA ROSA ROAD, CAMARILLO CA 93012 |
David Evans | officer: Senior Vice President and CFO | 4880 SANTA ROSA ROAD, CAMARILLO CA 93012 |
Atsinger Edward G Iii | director, 10 percent owner, officer: CEO and President | 4880 SANTA ROSA RD, CAMARILLO CA 93012 |
Heather W Grizzle | director | 4880 SANTA ROSA ROAD, CAMARILLO CA 93010 |
James Keet Lewis | director | 4880 SANTA ROSA ROAD, CAMARILLO CA 93012 |
Edward C. Atsinger | director | 6400 NORTH BELT LINE ROAD, IRVING TX 75063 |
Jonathan Venverloh | director | 4880 SANTA ROSA ROAD, CAMARILLO CA 93012 |
Eric H Halvorson | director | 4880 SANTA ROSA RD, CAMARILLO CA 93012 |
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