Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

Graham Holdings

DB:WPOB
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WPOB
DB
$2B
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Graham Holdings Company, through its subsidiaries, operates as a diversified education and media company worldwide. The last earnings update was 41 days ago. More info.


Add to Portfolio Compare Print
  • Graham Holdings has significant price volatility in the past 3 months.
WPOB Share Price and Events
7 Day Returns
4.5%
DB:WPOB
2.2%
Europe Consumer Services
2.1%
DE Market
1 Year Returns
-47.3%
DB:WPOB
2.4%
Europe Consumer Services
-16.6%
DE Market
WPOB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Graham Holdings (WPOB) 4.5% -24.8% -43% -47.3% - -
Europe Consumer Services 2.2% -7.2% -6.5% 2.4% -15.6% -55.7%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • WPOB underperformed the Consumer Services industry which returned 2.4% over the past year.
  • WPOB underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
WPOB
Industry
5yr Volatility vs Market

Value

 Is Graham Holdings 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 Graham Holdings 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 Graham Holdings.

DB:WPOB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 4.9%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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 DB:WPOB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Consumer Services Unlevered Beta Simply Wall St/ S&P Global 0.64
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.644 (1 + (1- 21%) (60.77%))
0.969
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.969 * 5.44%)
4.88%

Discounted Cash Flow Calculation for DB:WPOB using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Graham Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:WPOB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 4.88%)
2020 56.04 Est @ -25.55% 53.43
2021 45.95 Est @ -18% 41.78
2022 40.11 Est @ -12.72% 34.77
2023 36.49 Est @ -9.02% 30.16
2024 34.14 Est @ -6.43% 26.91
2025 32.57 Est @ -4.62% 24.47
2026 31.48 Est @ -3.35% 22.55
2027 30.70 Est @ -2.46% 20.97
2028 30.14 Est @ -1.84% 19.63
2029 29.71 Est @ -1.41% 18.45
Present value of next 10 years cash flows $293.00
DB:WPOB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $29.71 × (1 + -0.39%) ÷ (4.88% – -0.39%)
$561.74
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $561.74 ÷ (1 + 4.88%)10
$348.87
DB:WPOB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $293.00 + $348.87
$641.87
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $641.87 / 5.25
$122.3
DB:WPOB Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:WPOB represents 0.85102x of NYSE:GHC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.85102x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 122.30 x 0.85102
€104.08
Value per share (EUR) From above. €104.08
Current discount Discount to share price of €322.00
= -1 x (€322.00 - €104.08) / €104.08
-209.4%

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

  • The current share price of Graham Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Graham Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Graham Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:WPOB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $61.69
NYSE:GHC Share Price ** NYSE (2020-04-07) in USD $378.37
Europe Consumer Services Industry PE Ratio Median Figure of 12 Publicly-Listed Consumer Services Companies 15.21x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

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

** Primary Listing of Graham Holdings.

DB:WPOB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:GHC Share Price ÷ EPS (both in USD)

= 378.37 ÷ 61.69

6.13x

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

  • Graham Holdings is good value based on earnings compared to the Europe Consumer Services industry average.
  • Graham Holdings is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Graham Holdings's expected growth come at a high price?
Raw Data
DB:WPOB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.13x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Consumer Services Industry PEG Ratio Median Figure of 5 Publicly-Listed Consumer Services Companies 0.33x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Graham Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Graham Holdings's assets?
Raw Data
DB:WPOB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $624.83
NYSE:GHC Share Price * NYSE (2020-04-07) in USD $378.37
Europe Consumer Services Industry PB Ratio Median Figure of 22 Publicly-Listed Consumer Services Companies 2.18x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:WPOB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:GHC Share Price ÷ Book Value per Share (both in USD)

= 378.37 ÷ 624.83

0.61x

* Primary Listing of Graham Holdings.

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

  • Graham Holdings is good value based on assets compared to the Europe Consumer Services industry average.
X
Value checks
We assess Graham Holdings'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 Consumer Services 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 Consumer Services industry average (and greater than 0)? (1 check)
  5. Graham Holdings has a total score of 3/6, 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 Graham Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Graham Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
17.7%
Expected Consumer Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Graham Holdings expected to grow at an attractive rate?
  • Unable to compare Graham Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Graham Holdings's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Graham Holdings's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:WPOB Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Consumer Services Industry Earnings Growth Rate Market Cap Weighted Average 17.7%
Europe Consumer Services Industry Revenue Growth Rate Market Cap Weighted Average 7.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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
DB:WPOB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:WPOB Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:WPOB Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 2,932 165 326
2019-09-30 2,858 167 237
2019-06-30 2,794 200 319
2019-03-31 2,729 230 308
2018-12-31 2,696 287 270
2018-09-30 2,683 239 425
2018-06-30 2,665 207 326
2018-03-31 2,669 195 321
2017-12-31 2,592 268 299
2017-09-30 2,546 331 124
2017-06-30 2,510 246 132
2017-03-31 2,463 292 150

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Graham Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if Graham Holdings is high growth as no revenue estimate data is available.
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
DB:WPOB 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 0 Analyst Estimates (S&P Global) See Below

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

DB:WPOB Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:WPOB Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 61.69
2019-09-30 44.95
2019-06-30 60.30
2019-03-31 58.21
2018-12-31 50.54
2018-09-30 78.99
2018-06-30 59.88
2018-03-31 58.44
2017-12-31 54.24
2017-09-30 22.36
2017-06-30 23.80
2017-03-31 27.12

*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.
  • Unable to establish if Graham Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Graham Holdings is trading at Graham Holdings'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Graham Holdings's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Consumer Services companies here
  3. Graham Holdings's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Graham Holdings'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Graham Holdings has a total score of 0/6, 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 Graham Holdings 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 Graham Holdings's growth in the last year to its industry (Consumer Services).
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.
  • Graham Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • Graham Holdings's 1-year earnings growth exceeds its 5-year average (21% vs 1.8%)
  • Graham Holdings's earnings growth has not exceeded the Europe Consumer Services industry average in the past year (21% vs 42.5%).
Earnings and Revenue History
Graham Holdings'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 Graham Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:WPOB Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 2,932.10 326.05 473.30
2019-09-30 2,857.71 237.39 512.68
2019-06-30 2,793.65 318.72 465.61
2019-03-31 2,728.73 308.23 454.38
2018-12-31 2,695.97 269.54 529.59
2018-09-30 2,682.70 425.27 639.62
2018-06-30 2,665.16 325.58 740.25
2018-03-31 2,668.57 320.92 812.26
2017-12-31 2,591.85 299.21 815.09
2017-09-30 2,545.61 123.61 801.51
2017-06-30 2,510.02 131.77 829.71
2017-03-31 2,462.87 150.14 875.79
2016-12-31 2,481.89 166.52 815.43
2016-09-30 2,468.68 181.00 930.33
2016-06-30 2,488.47 -83.00 978.20
2016-03-31 2,540.43 -103.90 1,018.17
2015-12-31 2,586.11 -144.50 1,085.36
2015-09-30 2,697.37 104.39 1,134.16
2015-06-30 2,759.15 345.51 1,158.18
2015-03-31 2,547.92 618.28 1,109.29
2014-12-31 2,737.03 749.79 1,132.16
2014-09-30 2,876.65 500.48 1,194.19
2014-06-30 3,029.55 543.38 1,211.67
2014-03-31 3,423.86 276.39 1,302.55
2013-12-31 2,600.60 62.41 1,123.97
2013-09-30 3,436.56 66.82 1,315.95
2013-06-30 3,458.10 69.22 1,303.25

*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.
  • Graham Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Graham Holdings used its assets less efficiently than the Europe Consumer Services industry average last year based on Return on Assets.
  • Graham Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Graham Holdings'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 Consumer Services 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.
Graham Holdings 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 Graham Holdings'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 Graham Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Graham Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Graham Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Graham Holdings'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 covered by short term assets, assets are 3x 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 Graham Holdings Company Filings, last reported 3 months ago.

DB:WPOB Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 3,333.28 554.55 800.26
2019-09-30 3,062.81 543.84 696.64
2019-06-30 3,042.73 557.17 708.84
2019-03-31 3,003.40 545.38 698.82
2018-12-31 2,921.13 477.44 767.84
2018-09-30 2,980.06 479.63 783.09
2018-06-30 2,882.14 485.33 762.70
2018-03-31 2,899.92 497.73 807.24
2017-12-31 2,930.08 499.53 947.17
2017-09-30 2,577.04 493.55 914.60
2017-06-30 2,552.67 496.72 902.14
2017-03-31 2,493.21 493.83 1,089.35
2016-12-31 2,465.58 507.71 1,097.13
2016-09-30 2,518.70 497.41 1,001.85
2016-06-30 2,482.38 400.03 967.92
2016-03-31 2,466.53 399.91 914.76
2015-12-31 2,516.66 400.90 1,133.65
2015-09-30 2,596.35 402.82 1,321.07
2015-06-30 3,212.50 954.76 1,420.18
2015-03-31 3,154.57 404.82 834.35
2014-12-31 3,173.19 446.10 999.50
2014-09-30 2,933.92 449.16 648.62
2014-06-30 2,847.66 452.58 573.98
2014-03-31 3,428.71 453.42 1,288.43
2013-12-31 3,316.85 451.82 1,092.04
2013-09-30 2,748.66 452.40 938.47
2013-06-30 2,701.79 451.36 881.79
  • Graham Holdings's level of debt (16.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (14% vs 16.6% today).
  • Debt is well covered by operating cash flow (29.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 13.7x coverage).
X
Financial health checks
We assess Graham Holdings'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. Graham Holdings has a total score of 5/6, 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 Graham Holdings'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
1.53%
Current annual income from Graham Holdings dividends.
If you bought €2,000 of Graham Holdings shares you are expected to receive €31 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?
  • Graham Holdings's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.67%).
  • Graham Holdings's dividend is below the markets top 25% of dividend payers in Germany (4.71%).
Upcoming dividend payment

Purchase Graham Holdings before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
DB:WPOB 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 0 Analyst Estimates (S&P Global) See Below
Europe Consumer Services Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 2.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

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

DB:WPOB Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
DB:WPOB Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-25 5.800 1.514
2020-01-23 5.800 1.058
2019-09-12 5.560 0.865
2019-05-02 5.560 0.788
2019-02-21 5.560 0.805
2019-01-24 5.560 0.835
2018-09-13 5.320 0.862
2018-02-20 5.320 0.908
2018-01-18 5.320 0.903
2017-09-14 5.080 0.896
2017-02-16 5.080 0.865
2017-01-12 5.080 0.968
2016-09-08 4.840 0.983
2016-05-12 4.840 0.970
2016-02-18 4.840 1.003
2016-01-21 4.840 1.013
2015-09-10 4.600 0.862
2015-05-14 10.600 1.337
2015-02-19 10.600 1.028
2015-01-22 10.600 1.112
2014-09-11 10.200 1.275
2014-06-05 10.200 1.438
2014-02-20 10.200 1.476
2014-01-23 10.200 1.583
2012-12-07 9.800 1.978
2012-09-13 9.800 2.777
2012-06-07 9.800 2.753
2012-02-23 9.800 2.649
2012-01-19 9.800 2.519
2011-09-08 9.400 2.703
2011-06-09 9.400 2.440
2011-02-22 9.400 2.197
2011-01-20 9.400 2.152
2010-09-23 9.000 2.239
2010-06-10 9.000 2.264
2010-02-23 9.000 1.903
2010-01-21 9.000 2.110
2009-09-10 8.600 1.941
2009-06-25 8.600 2.087

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 fallen over the past 10 years.
Current Payout to shareholders
What portion of Graham Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (11.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Graham Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Graham Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Graham Holdings has a total score of 1/6, 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 Graham Holdings'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
Tim O’Shaughnessy
COMPENSATION $1,470,860
AGE 38
TENURE AS CEO 4.4 years
CEO Bio

Mr. Timothy J. O’Shaughnessy, also known as Tim, has been the President, Chief Executive Officer f Graham Holdings Company since November 3, 2014 and serves as itsoversees investments and acquisitions and to help set a new direction for Graham Holdings following the sale of The Washington Post. Mr. O’Shaughnessy served as the Chief Executive Officer of Graham Holdings Company since November 12, 2015. Mr. O'Shaughnessy served as the Chief Executive Officer of LivingSocial Limited. Mr. O’Shaughnessy Co-founded Hungry Machine, Inc. (AKA LivingSocial, Inc.) in 2008 and served as its Chief Executive Officer until August 15, 2014. He joined AOL as a Product Manager. Since 2006, he served as Vice President of Product Development. Mr. O'Shaughnessy was part of the original visionary team behind the product, which integrates users' interest profiles seamlessly with Facebook, MySpace, Bebo, hi5 and Orkut. He led the consumer products team at Revolution Health and previously, he managed product launches at AOL. He has been a Director of Graham Holdings Company since November 12, 2014. Mr. O'Shaughnessy has a BSBA degree in Marketing, Operations and Information Management from Georgetown University in 2004.

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

Average tenure and age of the Graham Holdings management team in years:

4.4
Average Tenure
55
Average Age
  • The tenure for the Graham Holdings management team is about average.
Management Team

Tim O’Shaughnessy

TITLE
President
COMPENSATION
$1M
AGE
38
TENURE
4.4 yrs

Wally Cooney

TITLE
Senior VP of Finance & CFO
COMPENSATION
$2M
AGE
56
TENURE
3 yrs

Nicole Maddrey

TITLE
Senior VP
COMPENSATION
$1M
AGE
54
TENURE
5 yrs

Denise Demeter

TITLE
VP & Chief Human Resources Officer
COMPENSATION
$1M
AGE
58
TENURE
5.6 yrs

Andy Rosen

TITLE
Executive Vice President
COMPENSATION
$8M
AGE
58
TENURE
6 yrs

Marcel Snyman

TITLE
VP & Chief Accounting Officer
AGE
44
TENURE
2.3 yrs

Scot Gillespie

TITLE
CTO & VP
TENURE
3.3 yrs

Shailesh Prakash

TITLE
Chief Information Officer & Executive VP

Pinkie Mayfield

TITLE
VP of Corporate Affairs & Chief Communications Officer
TENURE
5.3 yrs

Miki King

TITLE
Chief Marketing Officer
TENURE
1.4 yrs
Board of Directors Tenure

Average tenure and age of the Graham Holdings board of directors in years:

9.7
Average Tenure
62
Average Age
  • The tenure for the Graham Holdings board of directors is about average.
Board of Directors

Don Graham

TITLE
Chairman of the Board
COMPENSATION
$362K
AGE
74
TENURE
26.6 yrs

Tim O’Shaughnessy

TITLE
President
COMPENSATION
$1M
AGE
38
TENURE
5.4 yrs

Chris Davis

TITLE
Lead Independent Director
COMPENSATION
$190K
AGE
54
TENURE
8.9 yrs

Tom Gayner

TITLE
Independent Director
COMPENSATION
$190K
AGE
58
TENURE
13.3 yrs

Anne Mulcahy

TITLE
Independent Director
COMPENSATION
$170K
AGE
67
TENURE
12.3 yrs

Katharine Weymouth

TITLE
Independent Director
COMPENSATION
$150K
AGE
52
TENURE
9.6 yrs

Lee Bollinger

TITLE
Independent Director
COMPENSATION
$150K
AGE
72
TENURE
12.9 yrs

Rick Wagoner

TITLE
Independent Director
COMPENSATION
$174K
AGE
66
TENURE
9.8 yrs

Larry Thompson

TITLE
Independent Director
COMPENSATION
$150K
AGE
74
TENURE
8.8 yrs

Jack Markell

TITLE
Independent Director
COMPENSATION
$170K
AGE
58
TENURE
2.9 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Graham Holdings individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
24. Mar 20 Buy Andrew Rosen Individual 23. Mar 20 23. Mar 20 1,733 €270.93 €465,509
18. Mar 20 Buy Jack Markell Individual 18. Mar 20 18. Mar 20 55 €290.71 €15,989
02. Mar 20 Buy Anne Mulcahy Individual 27. Feb 20 28. Feb 20 204 €449.78 €90,936
27. Feb 20 Buy Jacob Maas Individual 27. Feb 20 27. Feb 20 210 €430.96 €90,501
27. Feb 20 Buy Jack Markell Individual 27. Feb 20 27. Feb 20 55 €428.22 €23,552
X
Management checks
We assess Graham Holdings'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. Graham Holdings 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

Graham Holdings Company, through its subsidiaries, operates as a diversified education and media company worldwide. It provides test preparation services and materials, as well as data science education, and training and healthcare simulation services; professional training and exam preparation for professional certifications and licensures; and non-academic operations support services to Purdue University Global. The company also offers training, test preparation, and degrees for accounting and financial services professionals; professional training courses; English-language training, academic preparation programs, and test preparation for English proficiency exams; and A-level examination preparation services, as well as operates three colleges, one business school, one higher education institution, and one online learning institution. In addition, it owns and operates seven television stations; and provides social-media management tools designed to connect newsrooms with their users, as well as produces Foreign Policy magazine and ForeignPolicy.com Website. Further, the company publishes Slate, an online magazine and Website; and two French-language news magazine Websites at slate.fr and slateafrique.com. Additionally, it provides marketing solutions on social, mobile, and video platforms; home health and hospice services; burners, igniters, dampers, and controls; screw jacks, linear actuators and related linear motion products, and lifting systems; and pressure impregnated kiln-dried lumber and plywood products, as well as develops cybersecurity training and workforce development education programs. The company also offers power charging and data systems; industrial and commercial indoor lighting solutions; and electrical components and assemblies. The company was formerly known as The Washington Post Company and changed its name to Graham Holdings Company in November 2013. Graham Holdings Company was founded in 1877 and is based in Arlington, Virginia.

Details
Name: Graham Holdings Company
WPOB
Exchange: DB
Founded: 1877
$1,710,620,119
5,248,295
Website: http://www.ghco.com
Address: Graham Holdings Company
1300 North 17th Street,
17th Floor,
Arlington,
Virginia, 22209,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE GHC Class B Common Shares New York Stock Exchange US USD 26. Oct 1971
DB WPOB Class B Common Shares Deutsche Boerse AG DE EUR 26. Oct 1971
BRSE WPOB Class B Common Shares Berne Stock Exchange CH CHF 26. Oct 1971
Number of employees
Current staff
Staff numbers
15,903
Graham Holdings employees.
Industry
Education Services
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 22:29
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2018/02/23
Last earnings filing: 2020/02/26
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.