Beasley Broadcast Group Inc (NASDAQ: BBGI)

Sector: Communication Services Industry: Broadcasting CIK: 0001099160
Market Cap 7.59 Mn
P/B 0.05
P/E -0.90
P/S 0.03
ROIC (Qtr) 1.73
Div Yield % 0.00
Rev 1y % (Qtr) -12.40
Total Debt (Qtr) 275.35 Mn
Debt/Equity (Qtr) 1.95
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About

Investment thesis

Bull case

  • Robust tangible asset base of 147.41M provides 16.26x coverage of working capital 9.07M, indicating strong operational backing.
  • Tangible assets of 147.41M provide robust 5.39x coverage of other current liabilities 27.35M, indicating strong asset backing.
  • Strong tangible asset base of 147.41M provides 12.51x coverage of acquisition spending 11.78M, enabling strategic growth.
  • Cash position of 14.34M represents healthy 1.58x of working capital 9.07M, demonstrating strong operational liquidity.
  • Tangible assets of 147.41M provide robust 2.44x coverage of current liabilities 60.37M, showing strong asset backing.

Bear case

  • Operating cash flow of (6.78M) barely covers its investment activities of 7.80M, with a coverage ratio of -0.87, indicating heavy reliance on external financing for growth which may not be sustainable in a tighter credit environment.
  • Cash reserves of 14.34M provide limited coverage of acquisition spending of 11.78M, which is 1.22x, suggesting aggressive expansion might strain liquidity if market conditions deteriorate.
  • The company's operating cash flow of (6.78M) shows concerning coverage of stock compensation expenses of 347441, with a -19.52 ratio indicating potential earnings quality issues.
  • Free cash flow of (10.76M) provides weak coverage of capital expenditures of 3.98M, with a -2.70 ratio suggesting additional external financing needs for growth initiatives.
  • Operating earnings of 3.81M show weak coverage of depreciation charges of 6.55M, with a 0.58 ratio indicating high capital intensity and potential reinvestment needs.

Peer comparison

Companies in the Broadcasting
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 NXST Nexstar Media Group, Inc. 8.26 Bn 23.87 1.67 6.40 Bn
2 TGNA Tegna Inc 4.06 Bn 7.22 1.41 2.59 Bn
3 SBGI Sinclair, Inc. 1.07 Bn 0.49 0.18 4.24 Bn
4 SSP E.W. SCRIPPS Co 0.81 Bn -7.98 0.35 2.74 Bn
5 IHRT iHeartMedia, Inc. 0.53 Bn -1.32 0.14 5.87 Bn
6 FUBO FuboTV Inc. 0.46 Bn 2.96 0.17 0.41 Bn
7 GTN Gray Media, Inc 0.23 Bn -7.34 0.80 5.68 Bn
8 NMAX Newsmax Inc. 0.20 Bn -2.81 1.18 0.01 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 0.51 0.87
EV to Cash from Ops. EV/CFO -40.41 -0.15
EV to Debt EV to Debt 1.00 6.39
EV to EBIT EV/EBIT 71.99 3.66
EV to EBITDA EV/EBITDA 18.92 3.24
EV to Free Cash Flow [EV/FCF] EV/FCF -25.46 7.40
EV to Market Cap EV to Market Cap 36.11 6.46
EV to Revenue EV/Rev 1.24 1.70
Price to Book Value [P/B] P/B 0.05 614.59
Price to Earnings [P/E] P/E -0.90 -1.43
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Div Coverage (Qtr) 0.00 -21.94
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 114.41
Dividend per Basic Share Div per Share (Qtr) 0.00 0.74
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 23.53
Interest Coverage Int. cover (Qtr) 0.28 -1.29
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) -6.01 19.60
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) -48.43 18.99
Dividend Growth (1y) % Div 1y % (Qtr) 0.00 17.54
EBIAT Growth (1y) % EBIAT 1y % (Qtr) -86.79 546.44
EBITDA Growth (1y) % EBITDA 1y % (Qtr) -30.11 -17.28
EBIT Growth (1y) % EBIT 1y % (Qtr) -86.09 266.27
EBT Growth (1y) % EBT 1y % (Qtr) -448.45 -496.56
EPS Growth (1y) % EPS 1y % (Qtr) -365.00 -40.46
FCF Growth (1y) % FCF 1y % (Qtr) -89.82 25.60
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) -9.41 3.01
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.41 0.48
Cash Payout Ratio Cash Payout (Qtr) 0.00 0.20
Cash Ratio Cash Ratio (Qtr) 0.24 0.41
Current Ratio Curr Ratio (Qtr) 1.15 1.64
Debt to Equity Ratio Debt/Equity (Qtr) 1.95 2.17
Interest Cover Ratio Int Coverage (Qtr) 0.28 -1.29
Times Interest Earned Times Interest Earned (Qtr) 0.28 -1.29
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) 4.70 -11.99
EBIT Margin % EBIT Margin % (Qtr) 1.73 -20.47
EBT Margin % EBT Margin % (Qtr) -4.36 -27.40
Gross Margin % Gross Margin % (Qtr) 14.00 34.96
Net Profit Margin % Net Margin % (Qtr) -3.80 -28.49