NEW YORK TIMES CO-A (NYT) Stock Fundamental Analysis
NYSE:NYT - New York Stock Exchange, Inc. - US6501111073 - Common Stock - Currency: USD
Overall NYT gets a fundamental rating of 7 out of 10. We evaluated NYT against 97 industry peers in the Media industry. NYT scores excellent points on both the profitability and health parts. This is a solid base for a good stock. NYT has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year NYT was profitable.
In the past year NYT had a positive cash flow from operations.
NYT had positive earnings in each of the past 5 years.
NYT had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
NYT's Return On Assets of 11.08% is amongst the best of the industry. NYT outperforms 92.78% of its industry peers.
NYT has a Return On Equity of 16.07%. This is amongst the best in the industry. NYT outperforms 84.54% of its industry peers.
Looking at the Return On Invested Capital, with a value of 13.68%, NYT belongs to the top of the industry, outperforming 94.85% of the companies in the same industry.
NYT had an Average Return On Invested Capital over the past 3 years of 11.43%. This is above the industry average of 7.56%.
The last Return On Invested Capital (13.68%) for NYT is above the 3 year average (11.43%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.08% | ||
| ROE | 16.07% | ||
| ROIC | 13.68% |
ROA(3y)8.59%
ROA(5y)7.74%
ROE(3y)13.1%
ROE(5y)12.23%
ROIC(3y)11.43%
ROIC(5y)10.49%
1.3 Margins
The Profit Margin of NYT (11.53%) is better than 83.51% of its industry peers.
NYT's Profit Margin has improved in the last couple of years.
NYT has a better Operating Margin (14.78%) than 76.29% of its industry peers.
In the last couple of years the Operating Margin of NYT has grown nicely.
With a Gross Margin value of 49.49%, NYT perfoms like the industry average, outperforming 59.79% of the companies in the same industry.
In the last couple of years the Gross Margin of NYT has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.78% | ||
| PM (TTM) | 11.53% | ||
| GM | 49.49% |
OM growth 3Y3.09%
OM growth 5Y7.54%
PM growth 3Y2.34%
PM growth 5Y8.02%
GM growth 3Y-0.36%
GM growth 5Y-4.15%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), NYT is creating some value.
The number of shares outstanding for NYT has been reduced compared to 1 year ago.
The number of shares outstanding for NYT has been reduced compared to 5 years ago.
There is no outstanding debt for NYT. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
NYT has an Altman-Z score of 9.18. This indicates that NYT is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 9.18, NYT belongs to the top of the industry, outperforming 91.75% of the companies in the same industry.
There is no outstanding debt for NYT. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 9.18 |
ROIC/WACC1.51
WACC9.07%
2.3 Liquidity
A Current Ratio of 1.44 indicates that NYT should not have too much problems paying its short term obligations.
NYT has a Current ratio (1.44) which is comparable to the rest of the industry.
A Quick Ratio of 1.44 indicates that NYT should not have too much problems paying its short term obligations.
NYT has a Quick ratio (1.44) which is comparable to the rest of the industry.
The current and quick ratio evaluation for NYT is rather negative, while it does have excellent solvency and profitability. These ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.44 | ||
| Quick Ratio | 1.44 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 19.89% over the past year.
Measured over the past years, NYT shows a quite strong growth in Earnings Per Share. The EPS has been growing by 16.92% on average per year.
Looking at the last year, NYT shows a very negative growth in Revenue. The Revenue has decreased by -12.99% in the last year.
Measured over the past years, NYT shows a small growth in Revenue. The Revenue has been growing by 7.37% on average per year.
EPS 1Y (TTM)19.89%
EPS 3Y16.23%
EPS 5Y16.92%
EPS Q2Q%32.26%
Revenue 1Y (TTM)-12.99%
Revenue growth 3Y7.62%
Revenue growth 5Y7.37%
Sales Q2Q%7.05%
3.2 Future
NYT is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.28% yearly.
The Revenue is expected to grow by 6.00% on average over the next years.
EPS Next Y10.38%
EPS Next 2Y9.05%
EPS Next 3Y9.99%
EPS Next 5Y10.28%
Revenue Next Year6.7%
Revenue Next 2Y6.33%
Revenue Next 3Y6.05%
Revenue Next 5Y6%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 26.52 indicates a quite expensive valuation of NYT.
Based on the Price/Earnings ratio, NYT is valued a bit cheaper than 64.95% of the companies in the same industry.
NYT is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.41, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 23.41 indicates a rather expensive valuation of NYT.
NYT's Price/Forward Earnings ratio is in line with the industry average.
NYT's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 35.19.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.52 | ||
| Fwd PE | 23.41 |
4.2 Price Multiples
NYT's Enterprise Value to EBITDA ratio is in line with the industry average.
NYT's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. NYT is cheaper than 62.89% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.49 | ||
| EV/EBITDA | 17.5 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates NYT does not grow enough to justify the current Price/Earnings ratio.
The excellent profitability rating of NYT may justify a higher PE ratio.
PEG (NY)2.56
PEG (5Y)1.57
EPS Next 2Y9.05%
EPS Next 3Y9.99%
5. Dividend
5.1 Amount
NYT has a Yearly Dividend Yield of 1.28%. Purely for dividend investing, there may be better candidates out there.
NYT's Dividend Yield is a higher than the industry average which is at 4.61.
With a Dividend Yield of 1.28, NYT pays less dividend than the S&P500 average, which is at 2.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.28% |
5.2 History
On average, the dividend of NYT grows each year by 21.48%, which is quite nice.
NYT has paid a dividend for at least 10 years, which is a reliable track record.
NYT has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)21.48%
Div Incr Years6
Div Non Decr Years11
5.3 Sustainability
NYT pays out 28.49% of its income as dividend. This is a sustainable payout ratio.
NYT's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP28.49%
EPS Next 2Y9.05%
EPS Next 3Y9.99%
55.96
-0.42 (-0.74%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)
Earnings (Next)
Inst Owners96.15%
Inst Owner Change0.01%
Ins Owners0.62%
Ins Owner Change0.65%
Market Cap9.12B
Analysts75
Price Target58.25 (4.09%)
Short Float %5.22%
Short Ratio5.32
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.28% |
Yearly Dividend0.5
Dividend Growth(5Y)21.48%
DP28.49%
Div Incr Years6
Div Non Decr Years11
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)12.32%
Min EPS beat(2)6.49%
Max EPS beat(2)18.14%
EPS beat(4)4
Avg EPS beat(4)10.79%
Min EPS beat(4)6.49%
Max EPS beat(4)18.14%
EPS beat(8)8
Avg EPS beat(8)27.77%
EPS beat(12)12
Avg EPS beat(12)29.35%
EPS beat(16)16
Avg EPS beat(16)26.74%
Revenue beat(2)0
Avg Revenue beat(2)-0.91%
Min Revenue beat(2)-0.99%
Max Revenue beat(2)-0.82%
Revenue beat(4)0
Avg Revenue beat(4)-0.98%
Min Revenue beat(4)-1.09%
Max Revenue beat(4)-0.82%
Revenue beat(8)2
Avg Revenue beat(8)-0.59%
Revenue beat(12)3
Avg Revenue beat(12)-0.56%
Revenue beat(16)6
Avg Revenue beat(16)-0.34%
PT rev (1m)0%
PT rev (3m)4.96%
EPS NQ rev (1m)0%
EPS NQ rev (3m)2.15%
EPS NY rev (1m)0.12%
EPS NY rev (3m)4.6%
Revenue NQ rev (1m)0.01%
Revenue NQ rev (3m)0.43%
Revenue NY rev (1m)0.07%
Revenue NY rev (3m)0.47%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.52 | ||
| Fwd PE | 23.41 | ||
| P/S | 3.47 | ||
| P/FCF | 21.49 | ||
| P/OCF | 19.99 | ||
| P/B | 4.84 | ||
| P/tB | 7.49 | ||
| EV/EBITDA | 17.5 |
EPS(TTM)2.11
EY3.77%
EPS(NY)2.39
Fwd EY4.27%
FCF(TTM)2.6
FCFY4.65%
OCF(TTM)2.8
OCFY5%
SpS16.12
BVpS11.56
TBVpS7.48
PEG (NY)2.56
PEG (5Y)1.57
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.08% | ||
| ROE | 16.07% | ||
| ROCE | 17.82% | ||
| ROIC | 13.68% | ||
| ROICexc | 17.99% | ||
| ROICexgc | 30.06% | ||
| OM | 14.78% | ||
| PM (TTM) | 11.53% | ||
| GM | 49.49% | ||
| FCFM | 16.16% |
ROA(3y)8.59%
ROA(5y)7.74%
ROE(3y)13.1%
ROE(5y)12.23%
ROIC(3y)11.43%
ROIC(5y)10.49%
ROICexc(3y)14.65%
ROICexc(5y)14.2%
ROICexgc(3y)25.48%
ROICexgc(5y)21.57%
ROCE(3y)14.89%
ROCE(5y)13.67%
ROICexcg growth 3Y17%
ROICexcg growth 5Y17.39%
ROICexc growth 3Y3.36%
ROICexc growth 5Y8.52%
OM growth 3Y3.09%
OM growth 5Y7.54%
PM growth 3Y2.34%
PM growth 5Y8.02%
GM growth 3Y-0.36%
GM growth 5Y-4.15%
F-Score8
Asset Turnover0.96
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 38.26% | ||
| Cap/Sales | 1.22% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 96.71% | ||
| Profit Quality | 140.13% | ||
| Current Ratio | 1.44 | ||
| Quick Ratio | 1.44 | ||
| Altman-Z | 9.18 |
F-Score8
WACC9.07%
ROIC/WACC1.51
Cap/Depr(3y)35.41%
Cap/Depr(5y)44.4%
Cap/Sales(3y)1.22%
Cap/Sales(5y)1.45%
Profit Quality(3y)113.54%
Profit Quality(5y)142.07%
High Growth Momentum
Growth
EPS 1Y (TTM)19.89%
EPS 3Y16.23%
EPS 5Y16.92%
EPS Q2Q%32.26%
EPS Next Y10.38%
EPS Next 2Y9.05%
EPS Next 3Y9.99%
EPS Next 5Y10.28%
Revenue 1Y (TTM)-12.99%
Revenue growth 3Y7.62%
Revenue growth 5Y7.37%
Sales Q2Q%7.05%
Revenue Next Year6.7%
Revenue Next 2Y6.33%
Revenue Next 3Y6.05%
Revenue Next 5Y6%
EBIT growth 1Y8.17%
EBIT growth 3Y10.95%
EBIT growth 5Y15.46%
EBIT Next Year30.83%
EBIT Next 3Y16.27%
EBIT Next 5YN/A
FCF growth 1Y133.63%
FCF growth 3Y17.6%
FCF growth 5Y21.42%
OCF growth 1Y111.28%
OCF growth 3Y15.12%
OCF growth 5Y16.67%