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Southern Cross Media Group

CHIA:SXL
Snowflake Description

Very undervalued average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SXL
CHIA
A$127M
Market Cap
  1. Home
  2. AU
  3. Media
Company description

Southern Cross Media Group Limited, together with its subsidiaries, engages in the creation and broadcasting of content on free-to-air commercial radio, television (TV), and online media platforms. The last earnings update was 45 days ago. More info.


Add to Portfolio Compare Print
  • Southern Cross Media Group has significant price volatility in the past 3 months.
SXL Share Price and Events
7 Day Returns
0%
CHIA:SXL
7.2%
AU Media
5%
AU Market
1 Year Returns
-85.5%
CHIA:SXL
-46.7%
AU Media
-19.2%
AU Market
SXL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Southern Cross Media Group (SXL) 0% -74.1% -80.6% -85.5% -88% -84.8%
AU Media 7.2% -37.8% -47.7% -46.7% -50.9% -62.1%
AU Market 5% -20.3% -25.8% -19.2% -16.8% -17.5%
1 Year Return vs Industry and Market
  • SXL underperformed the Media industry which returned -46.7% over the past year.
  • SXL underperformed the Market in Australia which returned -19.2% over the past year.
Price Volatility
SXL
Industry
5yr Volatility vs Market

Value

 Is Southern Cross Media Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Southern Cross Media Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Southern Cross Media Group.

CHIA:SXL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in AUD A$ 0.062964285714286
Payout Ratio Company Filings (2019-12-31) 5595.3%
Discount Rate (Cost of Equity) See below 6.6%
Perpetual Growth Rate 10-Year AU Government Bond Rate 1.1%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for CHIA:SXL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 1.1%
Equity Risk Premium S&P Global 5.4%
Media Unlevered Beta Simply Wall St/ S&P Global 0.64
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.637 (1 + (1- 30%) (376.25%))
1.023
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.02
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.08% + (1.023 * 5.44%)
6.64%

Discounted Cash Flow Calculation for CHIA:SXL using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Southern Cross Media Group is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

CHIA:SXL Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= A$0.06 / (6.64% - 1.08%)
A$1.13
CHIA:SXL Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$1.13
Current discount Discount to share price of A$0.17
= -1 x (A$0.17 - A$1.13) / A$1.13
85.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Southern Cross Media Group is available for.
Intrinsic value
>50%
Share price is A$0.17 vs Future cash flow value of A$1.13
Current Discount Checks
For Southern Cross Media Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Southern Cross Media Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Southern Cross Media Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Southern Cross Media Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Southern Cross Media Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CHIA:SXL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in AUD A$0.06
ASX:SXL Share Price ** ASX (2020-03-23) in AUD A$0.17
Australia Media Industry PE Ratio Median Figure of 10 Publicly-Listed Media Companies 15.18x
Australia Market PE Ratio Median Figure of 515 Publicly-Listed Companies 12.99x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Southern Cross Media Group.

CHIA:SXL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:SXL Share Price ÷ EPS (both in AUD)

= 0.17 ÷ 0.06

2.6x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Southern Cross Media Group is good value based on earnings compared to the AU Media industry average.
  • Southern Cross Media Group is good value based on earnings compared to the Australia market.
Price based on expected Growth
Does Southern Cross Media Group's expected growth come at a high price?
Raw Data
CHIA:SXL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 2.6x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
13.7%per year
Australia Media Industry PEG Ratio Median Figure of 7 Publicly-Listed Media Companies 0.28x
Australia Market PEG Ratio Median Figure of 336 Publicly-Listed Companies 1x

*Line of best fit is calculated by linear regression .

CHIA:SXL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 2.6x ÷ 13.7%

0.19x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Southern Cross Media Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Southern Cross Media Group's assets?
Raw Data
CHIA:SXL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in AUD A$0.55
ASX:SXL Share Price * ASX (2020-03-23) in AUD A$0.17
Australia Media Industry PB Ratio Median Figure of 20 Publicly-Listed Media Companies 1.01x
Australia Market PB Ratio Median Figure of 1,614 Publicly-Listed Companies 1.24x
CHIA:SXL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:SXL Share Price ÷ Book Value per Share (both in AUD)

= 0.17 ÷ 0.55

0.3x

* Primary Listing of Southern Cross Media Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Southern Cross Media Group is good value based on assets compared to the AU Media industry average.
X
Value checks
We assess Southern Cross Media Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Media industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Media industry average (and greater than 0)? (1 check)
  5. Southern Cross Media Group has a total score of 6/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Southern Cross Media Group expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Southern Cross Media Group expected to grow at an attractive rate?
  • Southern Cross Media Group's earnings growth is expected to exceed the low risk savings rate of 1.1%.
Growth vs Market Checks
  • Southern Cross Media Group's earnings growth is expected to exceed the Australia market average.
  • Southern Cross Media Group's revenue growth is positive but not above the Australia market average.
Annual Growth Rates Comparison
Raw Data
CHIA:SXL Future Growth Rates Data Sources
Data Point Source Value (per year)
CHIA:SXL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 13.7%
CHIA:SXL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 1%
Australia Media Industry Earnings Growth Rate Market Cap Weighted Average 21.1%
Australia Media Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
Australia Market Earnings Growth Rate Market Cap Weighted Average 10.2%
Australia Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
CHIA:SXL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
CHIA:SXL Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-06-30 635 105 61 4
2021-06-30 631 92 58 5
2020-06-30 619 90 45 5
2020-04-04
CHIA:SXL Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-12-31 632 96 48
2019-09-30 646 104 -22
2019-06-30 660 111 -91
2019-03-31 659 -124
2018-12-31 657 121 -157
2018-09-30 657 116 -78
2018-06-30 657 110 0
2018-03-31 664 49
2017-12-31 671 114 98
2017-09-30 679 115 103
2017-06-30 687 116 109
2017-03-31 678 171 95

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Southern Cross Media Group's earnings are expected to grow by 13.7% yearly, however this is not considered high growth (20% yearly).
  • Southern Cross Media Group's revenue is expected to grow by 1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
CHIA:SXL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Southern Cross Media Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CHIA:SXL Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-06-30 0.08 0.08 0.08 1.00
2021-06-30 0.08 0.08 0.07 2.00
2020-06-30 0.06 0.06 0.06 2.00
2020-04-04
CHIA:SXL Past Financials Data
Date (Data in AUD Millions) EPS *
2019-12-31 0.06
2019-09-30 -0.03
2019-06-30 -0.12
2019-03-31 -0.16
2018-12-31 -0.20
2018-09-30 -0.10
2018-06-30 0.00
2018-03-31 0.06
2017-12-31 0.13
2017-09-30 0.13
2017-06-30 0.14
2017-03-31 0.12

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Southern Cross Media Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Southern Cross Media Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Southern Cross Media Group has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Southern Cross Media Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Southern Cross Media Group's growth in the last year to its industry (Media).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Southern Cross Media Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Southern Cross Media Group has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Southern Cross Media Group has become profitable in the last year making it difficult to compare the AU Media industry average.
Earnings and Revenue History
Southern Cross Media Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Southern Cross Media Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CHIA:SXL Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 632.48 48.31 372.52
2019-09-30 646.28 -21.54 377.09
2019-06-30 660.09 -91.40 381.65
2019-03-31 658.71 -124.05 379.14
2018-12-31 657.32 -156.71 376.64
2018-09-30 657.05 -78.31 375.40
2018-06-30 656.78 0.08 374.17
2018-03-31 663.71 48.84 379.06
2017-12-31 670.63 97.59 383.95
2017-09-30 678.94 103.08 383.24
2017-06-30 687.24 108.56 382.53
2017-03-31 678.27 95.45 379.42
2016-12-31 669.30 82.34 376.31
2016-09-30 654.43 79.79 369.77
2016-06-30 639.56 77.24 363.23
2016-03-31 632.57 -99.50 354.99
2015-12-31 625.59 -276.24 346.75
2015-09-30 618.35 -280.59 343.51
2015-06-30 611.12 -284.95 340.28
2015-03-31 613.83 -296.09 338.40
2014-12-31 616.54 -307.24 336.51
2014-09-30 628.69 -301.62 338.59
2014-06-30 640.83 -296.01 340.68
2014-03-31 643.83 -99.56 340.67
2013-12-31 646.82 96.88 340.66
2013-09-30 644.73 96.50 338.90
2013-06-30 642.63 96.11 337.14

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Southern Cross Media Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Southern Cross Media Group used its assets more efficiently than the AU Media industry average last year based on Return on Assets.
  • Southern Cross Media Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Southern Cross Media Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Media industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Southern Cross Media Group has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Southern Cross Media Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Southern Cross Media Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Southern Cross Media Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Southern Cross Media Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Southern Cross Media Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Southern Cross Media Group Company Filings, last reported 3 months ago.

CHIA:SXL Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 423.91 359.98 22.54
2019-09-30 423.91 359.98 22.54
2019-06-30 434.42 331.05 32.39
2019-03-31 434.42 331.05 32.39
2018-12-31 438.92 346.01 49.88
2018-09-30 438.92 346.01 49.88
2018-06-30 591.24 359.02 56.05
2018-03-31 591.24 359.02 56.05
2017-12-31 659.96 360.42 35.30
2017-09-30 659.96 360.42 35.30
2017-06-30 651.10 371.33 48.98
2017-03-31 651.10 371.33 48.98
2016-12-31 1,003.16 432.63 47.41
2016-09-30 1,003.16 432.63 47.41
2016-06-30 596.55 472.83 94.78
2016-03-31 596.55 472.83 94.78
2015-12-31 971.70 571.45 62.43
2015-09-30 971.70 571.45 62.43
2015-06-30 936.77 670.66 143.05
2015-03-31 936.77 670.66 143.05
2014-12-31 1,254.26 650.12 76.93
2014-09-30 1,254.26 650.12 76.93
2014-06-30 1,213.61 655.19 62.09
2014-03-31 1,213.61 655.19 62.09
2013-12-31 1,583.54 701.83 92.98
2013-09-30 1,583.54 701.83 92.98
2013-06-30 1,566.14 714.17 102.91
  • Southern Cross Media Group's level of debt (84.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (52% vs 84.9% today).
  • Debt is well covered by operating cash flow (26.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.7x coverage).
X
Financial health checks
We assess Southern Cross Media Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Southern Cross Media Group has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Southern Cross Media Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
40.91%
Current annual income from Southern Cross Media Group dividends. Estimated to be 38.16% next year.
If you bought A$2,000 of Southern Cross Media Group shares you are expected to receive A$818 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Southern Cross Media Group's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (3.17%).
  • Southern Cross Media Group's dividend is above the markets top 25% of dividend payers in Australia (8.1%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
CHIA:SXL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Australia Media Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 9.6%
Australia Market Average Dividend Yield Market Cap Weighted Average of 367 Stocks 5.5%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.7%
Australia Bottom 25% Dividend Yield 25th Percentile 3.2%
Australia Top 25% Dividend Yield 75th Percentile 8.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

CHIA:SXL Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2022-06-30 0.07 4.00
2021-06-30 0.06 5.00
2020-06-30 0.06 5.00
2020-04-04
CHIA:SXL Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2020-02-19 0.068 13.771
2019-08-21 0.078 8.108
2018-08-22 0.078 6.586
2018-02-22 0.080 6.754
2017-08-23 0.080 6.784
2017-02-22 0.075 5.848
2016-08-24 0.070 4.792
2016-02-22 0.065 5.518
2015-08-26 0.060 5.794
2015-02-24 0.060 5.971
2014-08-19 0.060 5.957
2014-02-18 0.090 7.489
2013-08-13 0.090 5.337
2013-02-19 0.095 6.434
2012-08-29 0.100 9.263
2012-03-16 0.080 6.468
2011-08-24 0.100 8.799
2011-02-22 0.140 9.435
2011-02-21 0.140 7.236
2010-08-30 0.097 4.639
2010-02-23 0.070 3.694
2009-08-19 0.077 4.171
2009-06-17 0.064 4.509

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Southern Cross Media Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess Southern Cross Media Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Southern Cross Media Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Southern Cross Media Group has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Southern Cross Media Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Grant Blackley
COMPENSATION A$1,869,156
AGE 53
TENURE AS CEO 4.8 years
CEO Bio

Mr. Grant Blackley has been the Chief Executive Officer, Managing Director and Executive Director of Southern Cross Austereo Pty Limited since June 29, 2015. Mr. Blackley has been the Chief Executive Officer, Managing Director and Director at Southern Cross Media Group Limited since June 29, 2015. Mr. Blackley is responsible for leading the strategic and operational performance of the Southern Cross Media Group Limited. Mr. Blackley serves as a Director of Commercial Radio Australia and Free TV Australia. Prior to joining Southern Cross Austereo, Mr. Blackley served as Chief Executive Officer of the Keystone Group, Partner in RGM Artists and Founder of Four Seasons Media. He served as the Chief Executive Officer of TEN Network Holdings Ltd. from December 15, 2010 to February 23, 2011 and served as its Chief Executive Officer of Television until February 23, 2011. Mr. Blackley served as General Manager of Network Sales at Network Ten Pty Limited, a controlled entity. Mr. Blackley served as the Chief Executive Officer of TEN Network Holdings Ltd. from 2005 to 2010. Mr. Blackley held key roles in network sales, digital media and multi-channel program development as well as being responsible for group strategy, acquisitions and executive leadership and development. Mr. Blackley has enjoyed an extensive career with more than 30 years experience in the media and entertainment sectors. He is a graduate of the 2004 London Business School Executive Program.

CEO Compensation
  • Grant's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Grant's remuneration is higher than average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Southern Cross Media Group management team in years:

4.7
Average Tenure
  • The tenure for the Southern Cross Media Group management team is about average.
Management Team

Grant Blackley

TITLE
CEO, MD & Executive Director
COMPENSATION
A$2M
AGE
53
TENURE
4.8 yrs

Nick McKechnie

TITLE
Chief Financial Officer
COMPENSATION
A$796K
TENURE
5.6 yrs

John Kelly

TITLE
Chief Operating Officer
COMPENSATION
A$832K
TENURE
4.2 yrs

Stephen Haddad

TITLE
Chief Technology Officer
COMPENSATION
A$466K
TENURE
1.8 yrs

Brian Gallagher

TITLE
Chief Sales Officer
COMPENSATION
A$765K
TENURE
4.8 yrs

Tony Hudson

TITLE
Head of Legal & Corporate Affairs and Company Secretary
TENURE
4.6 yrs

Rochelle Burbury

TITLE
Manager of Corporate Communications

Lynniece Robinson

TITLE
Secretary of MMIL
Board of Directors Tenure

Average tenure and age of the Southern Cross Media Group board of directors in years:

5.6
Average Tenure
54.5
Average Age
  • The tenure for the Southern Cross Media Group board of directors is about average.
Board of Directors

PH Bush

TITLE
Chairman
COMPENSATION
A$273K
AGE
68
TENURE
5.2 yrs

Grant Blackley

TITLE
CEO, MD & Executive Director
COMPENSATION
A$2M
AGE
53
TENURE
4.8 yrs

Leon Pasternak

TITLE
Non-Executive Deputy Chairman & Lead Independent Director
COMPENSATION
A$176K
AGE
64
TENURE
14.6 yrs

Michael Hamer

TITLE
Independent Chairman of MMIL
AGE
67
TENURE
14.2 yrs

Bob Richards

TITLE
Independent Deputy Chairman of MMIL
TENURE
14.2 yrs

Melanie Victoria Willis

TITLE
Non-Executive Director
COMPENSATION
A$171K
AGE
54
TENURE
3.9 yrs

Rob Murray

TITLE
Non-Executive Director
COMPENSATION
A$159K
AGE
54
TENURE
5.6 yrs

Glen Boreham

TITLE
Non-Executive Director
COMPENSATION
A$163K
AGE
55
TENURE
5.6 yrs

Helen Elizabeth Nash

TITLE
Non-Executive Independent Director
COMPENSATION
A$180K
AGE
47
TENURE
5 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Southern Cross Media Group individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
20. Mar 20 Sell Orbis Investment Management Limited Company 20. Feb 20 21. Feb 20 -118,116 A$0.85 A$-89,362
20. Mar 20 Buy Orbis Investment Management Limited Company 20. Feb 20 18. Mar 20 7,903,523 A$0.67 A$3,708,534
20. Mar 20 Sell AMP Capital Investors Limited Company 20. Feb 20 21. Feb 20 -31,847 A$0.75 A$-23,854
22. Mar 20 Buy Ubique Asset Management Pty Ltd Company 28. Feb 19 20. Mar 20 10,175,005 A$0.51 A$5,218,857
11. Mar 20 Buy Grant Blackley Individual 09. Mar 20 09. Mar 20 45,703 A$0.55 A$24,938
01. Mar 20 Buy Glen Boreham Individual 27. Feb 20 27. Feb 20 27,725 A$0.72 A$20,001
01. Mar 20 Buy Ubique Asset Management Pty Ltd Company 10. Jan 20 28. Feb 20 12,368,128 A$0.77 A$9,520,319
18. Feb 20 Buy AMP Capital Investors Limited Company 10. Dec 19 14. Feb 20 2,808,930 A$0.89 A$2,504,305
18. Feb 20 Sell Orbis Investment Management Limited Company 09. Jul 19 14. Feb 20 -3,851,521 A$1.79 A$-6,071,775
18. Feb 20 Buy Orbis Investment Management Limited Company 09. Jul 19 14. Feb 20 10,422,149 A$11.55 A$11,958,352
05. Dec 19 Buy Challenger Limited Company 16. Oct 19 03. Dec 19 8,071,767 A$0.92 A$7,426,333
19. Nov 19 Buy Melanie Victoria Willis Individual 19. Nov 19 19. Nov 19 38,889 A$0.90 A$35,000
15. Nov 19 Buy Glen Boreham Individual 13. Nov 19 13. Nov 19 25,000 A$0.90 A$22,414
15. Nov 19 Buy Robert Murray Individual 14. Nov 19 14. Nov 19 40,000 A$0.90 A$36,100
17. Oct 19 Sell Challenger Limited Company 04. Oct 19 04. Oct 19 -131,637 A$1.15 A$-151,027
17. Oct 19 Buy Challenger Limited Company 15. Oct 19 15. Oct 19 2,130,927 A$0.94 A$2,002,975
06. Oct 19 Sell The Vanguard Group, Inc. Company 18. Jun 19 02. Oct 19 -466,553 A$1.25 A$-3,160
06. Oct 19 Buy The Vanguard Group, Inc. Company 04. Jun 19 02. Oct 19 1,387,309 A$1.36 A$0
02. Oct 19 Sell Challenger Limited Company 18. Jan 19 18. Sep 19 -9,443,798 A$1.18 A$-11,161,284
02. Oct 19 Buy Challenger Limited Company 10. Dec 18 30. Sep 19 7,851,835 A$1.07 A$8,384,438
23. Sep 19 Sell Vinva Investment Management Company 27. Jul 19 19. Sep 19 -1,597,060 A$1.28 A$-2,046,374
23. Sep 19 Buy Vinva Investment Management Company 27. Jul 19 19. Sep 19 529,065 A$1.19 A$632,162
09. Sep 19 Buy Grant Blackley Individual 06. Sep 19 06. Sep 19 379,412 A$1.23 A$466,891
30. Jul 19 Sell Vinva Investment Management Company 26. Mar 19 26. Jul 19 -514,330 A$1.22 A$-627,241
30. Jul 19 Buy Vinva Investment Management Company 26. Mar 19 26. Jul 19 16,686,019 A$1.25 A$20,846,701
16. Jul 19 Sell Investors Mutual Limited Company 03. Apr 19 15. Jul 19 -8,473,196 A$1.16 A$-9,870,340
16. Jul 19 Buy Investors Mutual Limited Company 16. Apr 19 04. Jul 19 236,700 A$1.28 A$303,078
04. Jul 19 Sell Orbis Investment Management Limited Company 22. May 19 02. Jul 19 -10,351,043 A$1.28 A$-13,119,903
04. Jul 19 Buy Orbis Investment Management Limited Company 19. Jun 19 19. Jun 19 2,530,075 A$1.24 A$3,149,942
23. May 19 Sell Orbis Investment Management Limited Company 07. Jan 19 21. May 19 -7,261,705 A$1.25 A$-8,919,116
17. Apr 19 Sell The Vanguard Group, Inc. Company 29. Jan 19 15. Apr 19 -2,612,004 A$1.21 A$-106,354
X
Management checks
We assess Southern Cross Media Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Southern Cross Media Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Southern Cross Media Group Limited, together with its subsidiaries, engages in the creation and broadcasting of content on free-to-air commercial radio, television (TV), and online media platforms. It operates through two segments, Regional and Metro. The company owns 78 radio stations and 8 digital radio stations across metropolitan and regional Australia, as well as 34 regional radio stations; and broadcasts 86 free to air TV signals in regional Australia primarily under the Nine Network brand. It also provides audio and visual services, including social media, live events, video, online, and mobile assets that deliver national and local entertainment, and news content. The company was formerly known as Macquarie Media Group. Southern Cross Media Group Limited was incorporated in 2005 and is based in South Melbourne, Australia.

Details
Name: Southern Cross Media Group Limited
SXL
Exchange: CHIA
Founded: 2005
A$126,887,310
769,014,000
Website: http://www.southerncrossaustereo.com.au
Address: Southern Cross Media Group Limited
257 Clarendon Street,
Level 2,
South Melbourne,
Victoria, 3205,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX SXL Ordinary Shares Australian Securities Exchange AU AUD 09. Nov 2006
DB 6MM Ordinary Shares Deutsche Boerse AG DE EUR 09. Nov 2006
CHIA SXL Ordinary Shares Chi-X Australia AU AUD 09. Nov 2006
CHIA SXL Ordinary Shares Chi-X Australia AU AUD 09. Nov 2006
Number of employees
Current staff
Staff numbers
2,500
Southern Cross Media Group employees.
Industry
Broadcasting
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 10:57
End of day share price update: 2020/03/23 00:00
Last estimates confirmation: 2020/03/15
Last earnings filing: 2020/02/19
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.