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

Enter the company code or Name for stock analysis:

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

$0.625

23 Dec
2024

0.045

OPEN

$0.58

7.76%

HIGH

$0.63

442,491

LOW

$0.58

TARGET
$0.537 -14.1% downside
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 5.6 xxx
DPS (cps) xxx 0.0 4.6 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 11.1 xxx
Dividend Yield xxx N/A 7.4% xxx
Div Pay Ratio(%) xxx N/A 81.7% 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: 01/09 - ex-div 2.2c (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

-0.3

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Macquarie

02/09/2024

3

Neutral

$0.55

-12.00%

Market share gains boosted the FY24 EBITDA for Southern Cross Media, underwriting a better-than-expected result according to Macquarie.

A $30m cost out offset inflation pressures for the company. Management reconfirmed focus on "All About Radio" with a restart of a strategic review of TV assets. Market share moved to 27.9% in 2H24m, a record high since 2019.

The analyst observes radio audiences are at an all-time higher; radio accounts for 34% of total media consumption and only 8% of advertising spend.

EPS forecasts are revised by 240% and 257% in FY25/FY26, respectively, the broker highlights, including better market share, lower operating expenses and depreciation/amortisation charges.

Target price is reduced -10% to 55c. Neutral rating maintained.

FORECAST
Macquarie forecasts a full year FY25 dividend of 4.60 cents and EPS of 7.10 cents.
Macquarie forecasts a full year FY26 dividend of 4.70 cents and EPS of 7.30 cents.

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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

06/11/2024

1

Buy

$0.96

53.60%

Canaccord Genuity notes strong growth in Southern Cross Media's Digital Audio division in Q1, with audio revenue rising by 4.8% year-on-year, including 48% growth in digital audio and a 1.1% increase in broadcast radio.

Regional TV revenue declined by -12%, and the division remains under consideration for a sale, with proceeds expected to reduce debt, highlight the analysts.

Management has maintained its FY25 cost guidance, with operating expenses below -$308.4m and capital expenditure capped at -$10m.

With digital audio now accounting for an increased share of revenue, the broker sees significant potential for future growth driven by this segment.

Canaccord Genuity retains a Buy rating and a target price of 96c.

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
Next Week At A Glance -23-27 Dec 2024

Dec 20 2024 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Nov 06, 2024

Nov 06 2024 - Daily Market Reports
3
Next Week At A Glance – 4-8 Nov 2024

Nov 01 2024 - Weekly Reports
4
ESG Focus: The Little Big Things – 08-10-2024

Oct 09 2024 - ESG Focus
5
Next Week At A Glance – 7-11 Oct 2024

Oct 04 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