SOUTHERN CROSS MEDIA GROUP LIMITED (SXL)
Share Price Analysis and Chart

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SXL - SOUTHERN CROSS MEDIA GROUP LIMITED

FNArena Sector : Print, Radio & TV
Year End: June
GICS Industry Group : Media
Debt/EBITDA: 4.7
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.53

13 Sep
2024

0.000

OPEN

$0.53

0.000

HIGH

$0.53

223,181

LOW

$0.52

TARGET
$0.703 32.5% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
A1N . GTN . NEC . NWS . SKT . SWM .
FNARENA'S MARKET CONSENSUS FORECASTS
SXL: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx - 93.6 6.5 xxx
DPS (cps) xxx 0.0 4.8 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 8.2 xxx
Dividend Yield xxx N/A 9.1% xxx
Div Pay Ratio(%) xxx N/A 73.8% xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 14/03 - ex-div 1c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-93.6
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx499.1 M
Book Value Per Share xxxxxxxxxxxxxxx84.6
Net Operating Cash Flow xxxxxxxxxxxxxxx21.7 M
Net Profit Margin xxxxxxxxxxxxxxx-45.00 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-70.41 %
Return on Invested Capital xxxxxxxxxxxxxxx-40.24 %
Return on Assets xxxxxxxxxxxxxxx-26.09 %
Return on Equity xxxxxxxxxxxxxxx-70.41 %
Return on Total Capital xxxxxxxxxxxxxxx3.76 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx11.2 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx8 M
Long Term Debt xxxxxxxxxxxxxxx238 M
Total Debt xxxxxxxxxxxxxxx246 M
Goodwill - Gross xxxxxxxxxxxxxxx362 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx11 M
Price To Book Value xxxxxxxxxxxxxxx0.72

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx15.8 M
Capex % of Sales xxxxxxxxxxxxxxx3.16 %
Cost of Goods Sold xxxxxxxxxxxxxxx369 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx109 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx6 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

-0.1

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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UBS

30/08/2024

3

Neutral

$0.56

5.66%

Digital audio was the key standout in Southern Cross Media's result, UBS suggests, with FY24 up 42% and leading the growth versus
industry peers.

UBS remains constructive on growth moving forward, which is likely supported by previous Digital capex. The broker is watchful, however, given the lower than expected group capex guide for FY25 given the heightened competition in the ad industry more broadly from Digital players.

Peers such as Nine Entertainment ((NEC)) and Seven West Media ((SWM)) continue to invest heavily in capex on their tech stack, the broker notes.

Target falls to 56c from 68c, Neutral retained.

FORECAST
UBS forecasts a full year FY25 EPS of 5.00 cents.
UBS forecasts a full year FY26 EPS of 7.00 cents.

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

05/09/2024

1

Upgrade to Buy from Hold

$0.96

81.13%

Canaccord Genuity highlights Southern Cross Media's core audio business is returning to revenue growth, a FY25 dividend yield of 10.5% is forecast, and there is potential for a near-term divestment of the company's Regional TV asset.

Following broadly in-line FY24 results, showing gathering momentum in the 2H which continued into early-FY25, the broker raises its target to 96c from 90c and upgrades to Buy from Hold.

According to management, digital audio should be cash flow positive in FY25. The focus is upon paying down debt, explain the analysts, so no final dividend was declared.

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 5.50 cents and EPS of 8.00 cents.
Canaccord Genuity forecasts a full year FY26 dividend of 8.00 cents and EPS of 10.00 cents.
Access Extra Coverage Research History >

SXL STOCK CHART

FNArena News on SXL

1
In Case You Missed It – BC Extra Upgrades & Downgrades – 06-09-24

Sep 06 2024 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Sep 05, 2024

Sep 05 2024 - Daily Market Reports
3
FNArena Corporate Results Monitor – 03-09-2024

Sep 03 2024 - Australia
4
Next Week At A Glance – 2-6 Sept 2024

Aug 30 2024 - Weekly Reports
5
Next Week At A Glance – 19-23 Aug 2024

Aug 16 2024 - Weekly Reports

Latest Print, Radio & TV News

1
Content Investment Key To Nine Entertainment

Aug 30 2021 - Australia
2
Heightened Interest In News Corp Buybacks

Aug 09 2021 - Australia
3
Nine Entertainment’s Digital Deal Welcomed

Jun 02 2021 - Australia
4
Radio Recovery Lights Up Southern Cross Media

Mar 04 2021 - Australia
5
The Short Report – 09 Jul 2020

Jul 09 2020 - Weekly Reports
6
Radio Advertising Market Pivotal For HT&E

Aug 16 2019 - Small Caps
7
Domain Is The Prize In Nine-Fairfax Merger

Jul 27 2018 - Australia
8
Domain The Main Game For Fairfax

Jul 04 2017 - Australia
9
The Short Report

Nov 24 2016 - Weekly Reports
10
The Short Report

Jul 21 2016 - Australia