NEW YORK TIMES CO-A (NYT) Stock Fundamental Analysis
NYSE:NYT - New York Stock Exchange, Inc. - US6501111073 - Common Stock - Currency: USD
We assign a fundamental rating of 7 out of 10 to NYT. NYT was compared to 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.
Each year in the past 5 years NYT has been profitable.
In the past 5 years NYT always reported a positive cash flow from operatings.
1.2 Ratios
NYT has a better Return On Assets (11.08%) than 92.78% of its industry peers.
The Return On Equity of NYT (16.07%) is better than 84.54% of its industry peers.
NYT has a Return On Invested Capital of 13.68%. This is amongst the best in the industry. NYT outperforms 94.85% of its industry peers.
The Average Return On Invested Capital over the past 3 years for NYT 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
NYT's Profit Margin of 11.53% is amongst the best of the industry. NYT outperforms 83.51% of its industry peers.
In the last couple of years the Profit Margin of NYT has grown nicely.
NYT's Operating Margin of 14.78% is fine compared to the rest of the industry. NYT outperforms 76.29% of its industry peers.
NYT's Operating Margin has improved in the last couple of years.
NYT has a Gross Margin (49.49%) which is in line with its industry peers.
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so NYT is still creating some value.
Compared to 1 year ago, NYT has less shares outstanding
NYT has less shares outstanding than it did 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
An Altman-Z score of 9.18 indicates that NYT is not in any danger for bankruptcy at the moment.
The Altman-Z score of NYT (9.18) is better than 91.75% of its industry peers.
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.
The Current ratio of NYT (1.44) 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.
The Quick ratio of NYT (1.44) is comparable to the rest of the industry.
NYT does not score too well on the current and quick ratio evaluation. However, as it has 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.
NYT shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 16.92% yearly.
Looking at the last year, NYT shows a very negative growth in Revenue. The Revenue has decreased by -12.99% in the last year.
The Revenue has been growing slightly by 7.37% on average over the past years.
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
The Earnings Per Share is expected to grow by 10.28% on average over the next years. This is quite good.
Based on estimates for the next years, NYT will show a small growth in Revenue. The Revenue will grow by 6.00% on average per year.
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
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 26.52, the valuation of NYT can be described as expensive.
NYT's Price/Earnings ratio is a bit cheaper when compared to the industry. NYT is cheaper than 64.95% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.30. NYT is around the same levels.
With a Price/Forward Earnings ratio of 23.41, NYT is valued on the expensive side.
NYT's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.76, NYT is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.52 | ||
| Fwd PE | 23.41 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as NYT.
Based on the Price/Free Cash Flow ratio, NYT is valued a bit cheaper than the industry average as 62.89% of the companies are valued more expensively.
| 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.
NYT has an outstanding profitability rating, which 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%.
NYT's Dividend Yield is a higher than the industry average which is at 4.64.
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 been paying a dividend for at least 10 years, so it has 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
28.49% of the earnings are spent on dividend by NYT. This is a low number and sustainable payout ratio.
The dividend of NYT is growing, but the earnings are growing slower. 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%