Symbols / SALM $0.42 +2.44% Salem Media Group, Inc.

Communication Services • Broadcasting • United States • OQX
SALM Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Communication Services
Industry Broadcasting
CEO Mr. David P. Santrella
Exch · Country OQX · United States
Market Cap 13.34M
Enterprise Value 67.31M
Income -34.61M
Sales 212.69M
FCF (ttm) 66.41M
Book/sh 5.59
Cash/sh 0.08
Employees —
Insider 10d —
IPO Jul 01, 1999
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E -42.00
PEG —
P/S 0.06
P/B 0.08
P/C —
EV/EBITDA -6.85
EV/Sales 0.32
Quick Ratio 0.69
Current Ratio 0.79
Debt/Eq 31.66
LT Debt/Eq —
EPS (ttm) -1.11
EPS next Y -0.01
EPS Growth —
Revenue Growth -6.80%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2023-11-13
Earnings (prior) 2023-11-13
ROA -2.97%
ROE -18.88%
ROIC —
Gross Margin 100.00%
Oper. Margin -0.52%
Profit Margin -16.27%
Shs Outstand 26.20M
Shs Float 26.19M
Insider Own 0.00%
Instit Own 1.81%
Short Float 2.52%
Short Ratio 0.76
Short Interest 104.07K
52W High 1.25
vs 52W High -66.40%
52W Low 0.36
vs 52W Low 16.67%
Beta -0.43
Impl. Vol. —
Rel Volume 0.04
Avg Volume 22.34K
Volume 920.00
Target (mean) —
Tgt Median —
Tgt Low —
Tgt High —
# Analysts —
Recom None
Prev Close $0.41
Price $0.42
Change 2.44%
About

Salem Media Group, Inc. operates as a multimedia company in the United States. The company owns and operates radio stations. Its digital media business provides Christian, conservative, investing, retirement, e-commerce, audio and video streaming, and other resources digitally through the web, as well as through mobile applications. The company was formerly known as Salem Communications Corporation and changed its name to Salem Media Group, Inc. in February 2015. Salem Media Group, Inc. was founded in 1974 and is headquartered in Camarillo, California.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
—
Mean price target
2. Current target
$0.42
Latest analyst target
3. DCF / Fair value
$45.61
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$0.42
Low
—
High
—
Mean
—

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2023-05-10 main EF Hutton Buy → Buy $5
2022-11-07 main EF Hutton — → Buy $5
2022-03-08 init EF Hutton — → Buy $6
2021-12-22 init Spartan Securities Group — → Buy $6
2018-08-09 down Noble Capital Markets Buy → Hold —
2014-10-07 init Noble Capital Markets — → Buy $11
2012-08-07 main Imperial Capital — → Outperform $8
2012-04-23 main Imperial Capital — → Outperform $8
News
RSS: Latest SALM news
Insider Transactions

No recent insider transactions.

Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2022-12-31 2021-12-31
Total Revenue
266.97
+3.38%
258.25
Operating Revenue
266.97
+3.38%
258.25
Cost Of Revenue
219.88
+8.46%
202.74
Reconciled Cost Of Revenue
219.88
+8.46%
202.74
Gross Profit
47.08
-15.18%
55.51
Operating Expense
31.17
+2.83%
30.31
Selling General And Administration
18.56
+6.14%
17.48
General And Administrative Expense
18.56
+6.14%
17.48
Other Gand A
18.56
+6.14%
17.48
Other Operating Expenses
18.56
+6.14%
17.48
Total Expenses
251.05
+7.73%
233.05
Operating Income
15.91
-36.85%
25.20
Total Operating Income As Reported
5.15
-88.86%
46.25
EBITDA
22.04
-68.23%
69.38
Normalized EBITDA
32.76
-14.13%
38.15
Reconciled Depreciation
12.61
-1.69%
12.83
EBIT
9.43
-83.32%
56.55
Total Unusual Items
-10.71
-134.30%
31.23
Total Unusual Items Excluding Goodwill
-10.71
-134.30%
31.23
Special Income Charges
-10.71
-134.30%
31.23
Other Special Charges
4.98
+165.05%
-7.66
Impairment Of Capital Assets
0.13
0.00
Restructuring And Mergern Acquisition
-0.01
0.00
Write Off
13.98
0.00
Net Income
-3.24
-107.79%
41.51
Pretax Income
-3.63
-108.90%
40.76
Net Non Operating Interest Income Expense
-12.89
+18.37%
-15.79
Interest Expense Non Operating
13.06
-17.34%
15.80
Net Interest Income
-12.89
+18.37%
-15.79
Interest Expense
13.06
-17.34%
15.80
Interest Income Non Operating
0.17
+1610.00%
0.01
Interest Income
0.17
+1610.00%
0.01
Other Income Expense
-6.65
-121.23%
31.34
Other Non Operating Income Expenses
-0.00
-103.64%
0.11
Tax Provision
-0.39
+48.35%
-0.76
Tax Rate For Calcs
0.00
-60.00%
0.00
Net Income Including Noncontrolling Interests
-3.24
-107.79%
41.51
Net Income From Continuing Operation Net Minority Interest
-3.24
-107.79%
41.51
Net Income From Continuing And Discontinued Operation
-3.24
-107.79%
41.51
Net Income Continuous Operations
-3.24
-107.79%
41.51
Normalized Income
6.32
-66.22%
18.71
Net Income Common Stockholders
-3.24
-107.79%
41.51
Diluted EPS
-0.12
-107.89%
1.52
Basic EPS
-0.12
-107.79%
1.54
Basic Average Shares
27.21
+1.17%
26.89
Diluted Average Shares
27.21
-0.33%
27.30
Diluted NI Availto Com Stockholders
-3.24
-107.79%
41.51
Amortization
1.27
-32.88%
1.90
Amortization Of Intangibles Income Statement
1.27
-32.88%
1.90
Depreciation Amortization Depletion Income Statement
12.61
-1.69%
12.83
Depreciation And Amortization In Income Statement
12.61
-1.69%
12.83
Depreciation Income Statement
11.34
+3.71%
10.93
Earnings From Equity Interest
4.07
0.00
Gain On Sale Of PPE
8.38
-64.47%
23.57
Line Item Trend 2022-12-31 2021-12-31
Total Assets
505.12
-2.13%
516.11
Current Assets
45.06
+8.53%
41.51
Cash Cash Equivalents And Short Term Investments
0.00
-100.00%
1.78
Cash And Cash Equivalents
0.00
-100.00%
1.78
Receivables
35.66
+17.12%
30.45
Accounts Receivable
30.76
+19.85%
25.66
Gross Accounts Receivable
38.70
+0.03%
38.69
Allowance For Doubtful Accounts Receivable
-7.94
+39.03%
-13.02
Receivables Adjustments Allowances
-0.59
-28.79%
-0.46
Other Receivables
5.29
+1.05%
5.24
Taxes Receivable
0.20
0.00
Inventory
1.51
+57.60%
0.96
Finished Goods
1.51
+57.60%
0.96
Prepaid Assets
7.62
+12.51%
6.77
Assets Held For Sale Current
0.27
-82.79%
1.55
Total Non Current Assets
460.06
-3.06%
474.60
Net PPE
125.03
+1.65%
123.00
Gross PPE
316.67
+2.46%
309.06
Accumulated Depreciation
-191.64
-3.00%
-186.05
Properties
0.00
0.00
Land And Improvements
27.07
+0.65%
26.90
Buildings And Improvements
28.52
-0.24%
28.59
Machinery Furniture Equipment
38.80
+1.79%
38.11
Construction In Progress
52.20
+12.56%
46.38
Other Properties
150.95
-0.02%
150.98
Leases
19.13
+5.67%
18.10
Goodwill And Other Intangible Assets
330.01
-4.74%
346.44
Goodwill
24.09
+0.41%
23.99
Other Intangible Assets
305.92
-5.13%
322.45
Non Current Deferred Assets
0.68
-19.22%
0.84
Other Non Current Assets
3.42
-15.23%
4.04
Total Liabilities Net Minority Interest
329.76
-2.41%
337.90
Current Liabilities
64.61
+25.57%
51.45
Payables And Accrued Expenses
24.98
+44.90%
17.24
Payables
6.54
+55.51%
4.21
Accounts Payable
6.54
+145.73%
2.66
Current Accrued Expenses
18.44
+41.49%
13.04
Pensionand Other Post Retirement Benefit Plans Current
10.30
-21.11%
13.05
Total Tax Payable
0.00
-100.00%
1.54
Income Tax Payable
0.00
-100.00%
1.54
Current Debt And Capital Lease Obligation
17.31
+98.71%
8.71
Current Debt
8.96
—
Other Current Borrowings
8.96
—
Current Capital Lease Obligation
8.35
-4.15%
8.71
Current Deferred Liabilities
12.02
-3.44%
12.45
Current Deferred Revenue
12.02
-3.44%
12.45
Total Non Current Liabilities Net Minority Interest
265.15
-7.43%
286.45
Long Term Debt And Capital Lease Obligation
192.81
-9.42%
212.85
Long Term Debt
150.37
-11.85%
170.58
Long Term Capital Lease Obligation
42.45
+0.41%
42.27
Non Current Deferred Liabilities
72.28
-1.00%
73.01
Non Current Deferred Revenue
5.54
-7.49%
5.99
Non Current Deferred Taxes Liabilities
66.73
-0.42%
67.01
Other Non Current Liabilities
0.07
-88.74%
0.59
Stockholders Equity
175.36
-1.60%
178.21
Common Stock Equity
175.36
-1.60%
178.21
Capital Stock
0.29
+0.00%
0.29
Common Stock
0.29
+0.00%
0.29
Share Issued
29.53
+0.20%
29.48
Ordinary Shares Number
27.22
+0.21%
27.16
Treasury Shares Number
2.32
+0.00%
2.32
Additional Paid In Capital
248.82
+0.15%
248.44
Retained Earnings
-39.74
-8.86%
-36.51
Treasury Stock
34.01
+0.00%
34.01
Total Equity Gross Minority Interest
175.36
-1.60%
178.21
Total Capitalization
325.72
-6.61%
348.79
Working Capital
-19.55
-96.69%
-9.94
Invested Capital
334.68
-4.05%
348.79
Net Debt
159.32
-5.61%
168.80
Capital Lease Obligations
50.79
-0.37%
50.98
Net Tangible Assets
-154.65
+8.07%
-168.23
Tangible Book Value
-154.65
+8.07%
-168.23
Interest Payable
0.95
-7.86%
1.03
Non Current Note Receivables
0.92
+236.50%
0.27
Line Item Trend 2022-12-31 2021-12-31
Operating Cash Flow
7.74
-65.58%
22.49
Cash Flow From Continuing Operating Activities
7.74
-65.58%
22.49
Net Income From Continuing Operations
-3.24
-107.79%
41.51
Depreciation Amortization Depletion
12.61
-1.69%
12.83
Depreciation And Amortization
12.61
-1.69%
12.83
Other Non Cash Items
9.81
+0.45%
9.76
Stock Based Compensation
0.28
-10.97%
0.32
Provisionand Write Offof Assets
-1.27
-386.59%
-0.26
Asset Impairment Charge
14.11
0.00
Deferred Tax
-0.28
+85.03%
-1.87
Deferred Income Tax
-0.28
+85.03%
-1.87
Operating Gains Losses
-8.42
+75.05%
-33.76
Change In Working Capital
-15.86
-162.59%
-6.04
Change In Receivables
-4.57
-314.62%
-1.10
Changes In Account Receivables
-4.37
-296.91%
-1.10
Change In Inventory
-0.43
+8.17%
-0.47
Change In Prepaid Assets
-0.85
-4135.00%
-0.02
Change In Payables And Accrued Expense
0.46
-87.95%
3.83
Change In Payable
0.46
-87.95%
3.83
Change In Account Payable
2.01
-29.71%
2.85
Change In Other Working Capital
-0.88
-160.82%
1.45
Change In Other Current Liabilities
-9.61
+1.35%
-9.74
Investing Cash Flow
-0.90
-107.73%
11.61
Cash Flow From Continuing Investing Activities
-0.90
-107.73%
11.61
Net PPE Purchase And Sale
14.16
-51.64%
29.28
Sale Of PPE
14.16
-51.64%
29.28
Capital Expenditure
-13.38
-22.61%
-10.91
Capital Expenditure Reported
-13.38
-22.61%
-10.91
Net Business Purchase And Sale
-0.21
+96.21%
-5.68
Purchase Of Business
-4.71
+16.99%
-5.68
Net Other Investing Changes
-1.46
-35.94%
-1.07
Financing Cash Flow
-8.63
+77.67%
-38.64
Cash Flow From Continuing Financing Activities
-8.63
+77.67%
-38.64
Net Issuance Payments Of Debt
-8.67
+77.07%
-37.82
Issuance Of Debt
51.99
-58.72%
125.96
Repayment Of Debt
-64.02
+60.91%
-163.78
Long Term Debt Issuance
51.99
-58.72%
125.96
Long Term Debt Payments
-64.02
+60.91%
-163.78
Net Long Term Debt Issuance
-12.02
+68.21%
-37.82
Common Stock Dividend Paid
—
0.00
Cash Dividends Paid
—
0.00
Proceeds From Stock Option Exercised
0.10
-91.08%
1.10
Net Other Financing Charges
-0.06
+97.14%
-1.92
Changes In Cash
-1.78
+60.68%
-4.54
Beginning Cash Position
1.78
-71.78%
6.33
End Cash Position
0.00
-100.00%
1.78
Free Cash Flow
-5.64
-148.72%
11.58
Interest Paid Supplemental Data
11.85
-20.50%
14.90
Income Tax Paid Supplemental Data
1.63
+1141.22%
0.13
Change In Income Tax Payable
-1.54
-257.39%
0.98
Change In Tax Payable
-1.54
-257.39%
0.98
Sale Of Business
4.50
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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