Loading...

We've got a brand new version of Simply Wall St! Try it out

Tribune Publishing

Nasdaq:TPCO
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TPCO
Nasdaq
$344M
Market Cap
  1. Home
  2. US
  3. Media
Company description

Tribune Publishing Company, a media company, publishes newspapers worldwide. The last earnings update was 12 days ago. More info.


Add to Portfolio Compare Print
  • Tribune Publishing has significant price volatility in the past 3 months.
TPCO Share Price and Events
7 Day Returns
-2.4%
NasdaqGM:TPCO
-1.2%
US Media
0.7%
US Market
1 Year Returns
-28.8%
NasdaqGM:TPCO
16.2%
US Media
13.7%
US Market
TPCO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tribune Publishing (TPCO) -2.4% 15.7% 27.5% -28.8% -25.3% -53.5%
US Media -1.2% 2.1% 5.8% 16.2% 21.7% 30.3%
US Market 0.7% 4.7% 6.1% 13.7% 39.2% 44.5%
1 Year Return vs Industry and Market
  • TPCO underperformed the Media industry which returned 16.2% over the past year.
  • TPCO underperformed the Market in United States of America which returned 13.7% over the past year.
Price Volatility
TPCO
Industry
5yr Volatility vs Market
Related Companies

TPCO Value

 Is Tribune Publishing 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 Tribune Publishing 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 Tribune Publishing.

NasdaqGM:TPCO Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 NasdaqGM:TPCO
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Media Unlevered Beta Simply Wall St/ S&P Global 0.77
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.768 (1 + (1- 21%) (39.03%))
1.004
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.004 * 5.96%)
8.71%

Discounted Cash Flow Calculation for NasdaqGM:TPCO using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Tribune Publishing 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.

NasdaqGM:TPCO DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.71%)
2020 76.90 Analyst x1 70.74
2021 85.43 Analyst x1 72.29
2022 91.92 Est @ 7.59% 71.54
2023 97.56 Est @ 6.13% 69.85
2024 102.54 Est @ 5.11% 67.53
2025 107.05 Est @ 4.4% 64.86
2026 111.22 Est @ 3.9% 61.98
2027 115.17 Est @ 3.55% 59.04
2028 118.97 Est @ 3.3% 56.10
2029 122.70 Est @ 3.13% 53.22
Present value of next 10 years cash flows $647.00
NasdaqGM:TPCO DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $122.70 × (1 + 2.73%) ÷ (8.71% – 2.73%)
$2,107.29
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,107.29 ÷ (1 + 8.71%)10
$914.06
NasdaqGM:TPCO Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $647.00 + $914.06
$1,561.06
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,561.06 / 36.02
$43.33
NasdaqGM:TPCO Discount to Share Price
Calculation Result
Value per share (USD) From above. $43.33
Current discount Discount to share price of $9.56
= -1 x ($9.56 - $43.33) / $43.33
77.9%

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

Current Discount
Amount off the current price Tribune Publishing is available for.
Intrinsic value
>50%
Share price is $9.56 vs Future cash flow value of $43.33
Current Discount Checks
For Tribune Publishing to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Tribune Publishing's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Tribune Publishing'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 Tribune Publishing's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tribune Publishing's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:TPCO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-29) in USD $-0.19
NasdaqGM:TPCO Share Price ** NasdaqGM (2019-11-18) in USD $9.56
United States of America Media Industry PE Ratio Median Figure of 39 Publicly-Listed Media Companies 13.82x
United States of America Market PE Ratio Median Figure of 2,924 Publicly-Listed Companies 18.25x

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

** Primary Listing of Tribune Publishing.

NasdaqGM:TPCO PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:TPCO Share Price ÷ EPS (both in USD)

= 9.56 ÷ -0.19

-50.08x

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

  • Tribune Publishing is loss making, we can't compare its value to the US Media industry average.
  • Tribune Publishing is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Tribune Publishing's expected growth come at a high price?
Raw Data
NasdaqGM:TPCO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -50.08x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
102.2%per year
United States of America Media Industry PEG Ratio Median Figure of 30 Publicly-Listed Media Companies 1.33x
United States of America Market PEG Ratio Median Figure of 2,038 Publicly-Listed Companies 1.46x

*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 Tribune Publishing, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Tribune Publishing's assets?
Raw Data
NasdaqGM:TPCO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-29) in USD $8.38
NasdaqGM:TPCO Share Price * NasdaqGM (2019-11-18) in USD $9.56
United States of America Media Industry PB Ratio Median Figure of 73 Publicly-Listed Media Companies 1.3x
United States of America Market PB Ratio Median Figure of 5,086 Publicly-Listed Companies 1.76x
NasdaqGM:TPCO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:TPCO Share Price ÷ Book Value per Share (both in USD)

= 9.56 ÷ 8.38

1.14x

* Primary Listing of Tribune Publishing.

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

  • Tribune Publishing is good value based on assets compared to the US Media industry average.
X
Value checks
We assess Tribune Publishing'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. Tribune Publishing 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.

TPCO Future Performance

 How is Tribune Publishing expected to perform in the next 1 to 3 years based on estimates from 2 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
102.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tribune Publishing expected to grow at an attractive rate?
  • Tribune Publishing's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Tribune Publishing's earnings growth is expected to exceed the United States of America market average.
  • Tribune Publishing's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:TPCO Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGM:TPCO Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 102.2%
NasdaqGM:TPCO Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts -2.5%
United States of America Media Industry Earnings Growth Rate Market Cap Weighted Average 19%
United States of America Media Industry Revenue Growth Rate Market Cap Weighted Average 3.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
NasdaqGM:TPCO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGM:TPCO Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 957 1
2020-12-31 947 16 2
2019-12-31 985 15 2
2019-11-19
NasdaqGM:TPCO Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-29 1,014 46 -7
2019-06-30 1,034 -67 3
2019-03-31 1,037 -50 -17
2018-12-30 1,031 -35 -41
2018-09-30 1,043 -30 -49
2018-07-01 1,024 78 -61
2018-04-01 1,014 79 -47
2017-12-31 1,015 89 -30
2017-09-24 1,145 95 -6
2017-06-25 1,287 97 -4
2017-03-26 1,448 89 2
2016-12-25 1,063 86 -35

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Tribune Publishing's earnings are expected to grow significantly at over 20% yearly.
  • Tribune Publishing's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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
NasdaqGM:TPCO Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Tribune Publishing Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:TPCO Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 0.44 0.44 0.44 1.00
2019-12-31 0.43 0.43 0.43 1.00
2019-11-19
NasdaqGM:TPCO Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-29 -0.19
2019-06-30 0.07
2019-03-31 -0.48
2018-12-30 -1.15
2018-09-30 -1.41
2018-07-01 -1.80
2018-04-01 -1.40
2017-12-31 -0.88
2017-09-24 -0.16
2017-06-25 -0.11
2017-03-26 0.06
2016-12-25 -1.05

*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 Tribune Publishing will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Tribune Publishing'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Tribune Publishing has a total score of 3/6, 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.

TPCO Past Performance

  How has Tribune Publishing 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 Tribune Publishing'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.
  • Tribune Publishing does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Tribune Publishing's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Tribune Publishing's 1-year growth to the US Media industry average as it is not currently profitable.
Earnings and Revenue History
Tribune Publishing'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 Tribune Publishing Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:TPCO Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-29 1,014.38 -6.81 355.90
2019-06-30 1,033.95 2.55 350.66
2019-03-31 1,036.83 -17.06 345.28
2018-12-30 1,030.67 -40.72 336.33
2018-09-30 1,043.06 -49.12 341.48
2018-07-01 1,023.62 -61.48 338.48
2018-04-01 1,013.84 -47.23 334.69
2017-12-31 1,015.45 -29.81 331.20
2017-09-24 1,144.99 -5.57 365.34
2017-06-25 1,287.07 -3.91 404.83
2017-03-26 1,448.13 2.09 447.26
2016-12-25 1,063.36 -35.36 346.69
2016-09-25 1,637.81 -12.96 509.32
2016-06-26 1,665.25 -11.09 518.77
2016-03-27 1,672.77 -11.74 626.55
2015-12-27 1,672.82 -2.77 513.90
2015-09-27 1,673.44 12.78 381.51
2015-06-28 1,671.83 21.23 283.34
2015-03-29 1,689.73 33.03 82.72
2014-12-28 1,707.98 42.29 519.65
2014-09-28 1,734.46 59.51 -324.56
2014-06-29 1,754.18 77.95 -214.08
2014-03-30 1,771.12 84.67 -98.46
2013-12-29 1,795.11 94.09 62.61
2013-09-29 1,855.60 105.10 576.10
2012-12-30 1,913.81 28.40

*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.
  • Tribune Publishing has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • It is difficult to establish if Tribune Publishing has efficiently used its assets last year compared to the US Media industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Tribune Publishing improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Tribune Publishing'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.
Tribune Publishing has a total score of 0/6, 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.

TPCO Health

 How is Tribune Publishing'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 Tribune Publishing's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tribune Publishing is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Tribune Publishing's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Tribune Publishing'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.
  • High level of physical assets or inventory.
  • Tribune Publishing has no debt, it does not need to be covered by short term assets.
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 Tribune Publishing Company Filings, last reported 1 month ago.

NasdaqGM:TPCO Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-29 355.43 0.00 56.53
2019-06-30 360.54 0.00 102.63
2019-03-31 412.23 0.00 98.21
2018-12-30 413.07 0.00 97.56
2018-09-30 412.96 0.01 97.58
2018-07-01 420.50 0.00 214.54
2018-04-01 130.42 340.31 162.73
2017-12-31 69.16 345.05 185.35
2017-09-24 68.41 354.91 185.15
2017-06-25 64.85 359.65 174.20
2017-03-26 55.55 365.92 160.89
2016-12-25 107.88 370.75 198.35
2016-09-25 91.04 375.57 187.13
2016-06-26 99.37 380.79 169.70
2016-03-27 22.18 385.32 95.79
2015-12-27 -14.40 389.67 40.83
2015-09-27 1.11 403.75 54.65
2015-06-28 14.55 408.14 41.73
2015-03-29 3.96 343.27 40.22
2014-12-28 6.17 339.73 36.68
2014-09-28 -16.93 347.40 59.65
2014-06-29 211.14 0.00 12.54
2014-03-30 180.93 0.00 8.54
2013-12-29 224.83 0.00 9.69
2013-09-29 511.26 0.00 9.56
2012-12-30 -2,214.94 2,822.86 13.77
  • Tribune Publishing has no debt.
  • Tribune Publishing currently has no debt however we can't compare to 5 years ago as we have no data for that period.
  • Tribune Publishing has no debt, it does not need to be covered by operating cash flow.
  • Tribune Publishing has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Tribune Publishing'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. Tribune Publishing has a total score of 6/6, 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.

TPCO Dividends

 What is Tribune Publishing'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
10.46%
Current annual income from Tribune Publishing dividends. Estimated to be 5.23% next year.
If you bought $2,000 of Tribune Publishing shares you are expected to receive $209 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?
  • Tribune Publishing's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.42%).
  • Tribune Publishing's dividend is above the markets top 25% of dividend payers in United States of America (3.65%).
Upcoming dividend payment

Purchase Tribune Publishing 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
NasdaqGM:TPCO 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 2 Analyst Estimates (S&P Global) See Below
United States of America Media Industry Average Dividend Yield Market Cap Weighted Average of 29 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1956 Stocks 2.3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

NasdaqGM:TPCO Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2019-12-31 1.50 1.00
2019-11-19
NasdaqGM:TPCO Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-11-14 1.000 10.319
2017-11-03 0.000 0.000
2017-11-01 0.000 0.000
2017-08-03 0.000 0.000
2017-08-02 0.000 0.000
2017-05-04 0.000 0.000
2017-05-03 0.000 0.000
2017-03-08 0.000 0.000
2017-02-22 0.000 0.000
2016-11-02 0.000 0.000
2016-11-01 0.000 0.000
2016-08-05 0.000 0.000
2016-08-03 0.000 0.000
2016-05-05 0.000 0.000
2016-05-04 0.000 0.000
2015-12-14 0.700 8.480
2015-09-03 0.700 7.513
2015-06-23 0.700 5.125
2015-03-17 0.700 4.066
2014-11-05 0.700 3.426

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

  • Tribune Publishing has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Tribune Publishing only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Tribune Publishing's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Tribune Publishing has not reported any payouts.
Future Payout to shareholders
  • Analysts do not expect the company to pay a dividend in 3 years, no need to check if it is sustainable.
X
Income/ dividend checks
We assess Tribune Publishing'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 Tribune Publishing afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tribune Publishing has a total score of 2/6, see the detailed checks below.


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

TPCO Management

 What is the CEO of Tribune Publishing'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 Knight
COMPENSATION $611,000
AGE 53
TENURE AS CEO 0.8 years
CEO Bio

Mr. Timothy P. Knight, also known as Tim, has been Chief Executive Officer of Tribune Publishing Company since January 2019 and serves as its President since 2019. Mr. Knight has been Director of Tribune Publishing Company since January 2019. He was President of Digital Content and Commerce Division troncX at tronc Inc. from February 23, 2017 to October 30, 2017. Mr. Knight is a co-founder of the digital business. Mr. Knight is responsible for all of tronc’s local market operations. He served as the Chief Executive Officer of Wrapports LLC, a subsidiary of Sun-Times Media Holdings, LLC. Mr. Knight served as the President and Chief Operating Officer of Newsday LLC until November, 2004. He served as President of the digital media company, Advance Ohio and directed the overall strategy, sales, marketing and content of cleveland.com. He joined Newsday as an Executive Vice President and General Manager in February 2003. He served as Vice President of Strategic Marketing, Development and Finance for the Chicago Tribune. He was responsible for the newspaper's interactive operations. From 1998 to 2001, Mr. Knight served as Vice President of Strategy and Development of Tribune Publishing Company, where he oversaw acquisitions, strategic planning and development projects. He served as a Director of Wrapports LLC. He was a co-founder and held senior management roles at Classified Ventures, LLC (parent of cars.com and apartments.com). Prior to joining Classified Ventures in 1997, he served as mergers and acquisitions counsel for Tribune Company. He has been engaged in number of civic organizations over the years and is a Member of the Board of Trustees of DePaul University, the Rock and Roll Hall of Fame, Destination Cleveland, United Way of Greater Cleveland and the Board of Regents of Mercy Home for Boys and Girls (Chicago). He also was a member of the Long Island Chapter of Young President’s Organization. He started his career as a corporate attorney at Skadden, Arps, Slate, Meagher and Flom in Chicago. He holds a B.S. in accounting from Marquette University in Milwaukee, Wisconsin, following which he passed the CPA exam. He also holds a juris doctorate with honors from DePaul University College of Law where he was Order of the Coif and attended the corporate finance program at London Business School.

CEO Compensation
  • Insufficient data for Tim to compare compensation growth.
  • Tim 's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Tribune Publishing management team in years:

3.7
Average Tenure
53.5
Average Age
  • The tenure for the Tribune Publishing management team is about average.
Management Team

Tim Knight

TITLE
CEO, President & Director
COMPENSATION
$611K
AGE
53
TENURE
0.8 yrs

Terry Jimenez

TITLE
Executive VP & CFO
COMPENSATION
$486K
AGE
46
TENURE
3.6 yrs

Julie Xanders

TITLE
Executive VP
COMPENSATION
$476K
AGE
54
TENURE
5.3 yrs

Jeff Light

TITLE
Editor-In-Chief of The San Diego Union-Tribune & Publisher of The San Diego Union-Tribune
TENURE
3.7 yrs

Trif Alatzas

TITLE
Editor-In-Chief & Publisher of The Baltimore Sun
TENURE
3.7 yrs

Marisa Porto

TITLE
Editor-In-Chief of Daily Press & Publisher of Daily Press
TENURE
3.7 yrs

Mike Lavey

TITLE
Controller & Chief Accounting Officer
AGE
61
TENURE
1.5 yrs

Jeff Dorsey

TITLE
Senior VP & Chief Information Officer

Maya Bordeaux

TITLE
SVP & Chief Human Resources and Communications Officer
TENURE
0.8 yrs

Mark Campbell

TITLE
Senior Vice President of Digital Acquisition & Marketing
TENURE
3.8 yrs
Board of Directors Tenure

Average tenure and age of the Tribune Publishing board of directors in years:

2.6
Average Tenure
66.5
Average Age
  • The average tenure for the Tribune Publishing board of directors is less than 3 years, this suggests a new board.
Board of Directors

David Dreier

TITLE
Chairman
COMPENSATION
$185K
AGE
66
TENURE
0.8 yrs

Tim Knight

TITLE
CEO, President & Director
COMPENSATION
$611K
AGE
53
TENURE
0.8 yrs

Phil Franklin

TITLE
Lead Independent Director
COMPENSATION
$250K
AGE
67
TENURE
1.6 yrs

Dick Reck

TITLE
Independent Director
COMPENSATION
$225K
AGE
69
TENURE
3.6 yrs

Eddy Hartenstein

TITLE
Independent Director
COMPENSATION
$185K
AGE
68
TENURE
5.3 yrs

Carol Crenshaw

TITLE
Independent Director
COMPENSATION
$205K
AGE
62
TENURE
3.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Tribune Publishing'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. Tribune Publishing 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.

TPCO News

Simply Wall St News

What Should Investors Know About Tribune Publishing Company's (NASDAQ:TPCO) Return On Capital?

and want to begin learning the link between Tribune Publishing Company (NASDAQ:TPCO)’s return fundamentals and stock market performance. … Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … Thus, to understand how your money can grow by investing in Tribune Publishing, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

Simply Wall St -

TPCO Company Info

Description

Tribune Publishing Company, a media company, publishes newspapers worldwide. The company operates in two segments, M and X. It publishes daily newspapers; weekly newspapers; and digital platforms, such as Websites and mobile applications. The company also provides various digital marketing services, which include the development of mobile Websites, search engine marketing and optimization, social media account management, and content marketing for its customers’ Web presence for small to medium size businesses. In addition, it offers TCA, a syndication and licensing business that provides daily news service and syndicated premium content to approximately 2,000 media and digital information publishers. The company was formerly known as tronc, Inc. and changed its name to Tribune Publishing Company in October 2018. Tribune Publishing Company was founded in 1847 and is headquartered in Chicago, Illinois.

Details
Name: Tribune Publishing Company
TPCO
Exchange: NasdaqGM
Founded: 1847
$344,381,266
36,023,145
Website: http://www.tribpub.com
Address: Tribune Publishing Company
160 North Stetson Avenue,
Chicago,
Illinois, 60601,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM TPCO Common Stock Nasdaq Global Market US USD 24. Jul 2014
DB 6T71 Common Stock Deutsche Boerse AG DE EUR 24. Jul 2014
Number of employees
Current staff
Staff numbers
4,448
Tribune Publishing employees.
Industry
Publishing
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/19 00:45
End of day share price update: 2019/11/18 00:00
Last estimates confirmation: 2019/11/08
Last earnings filing: 2019/11/07
Last earnings reported: 2019/09/29
Last annual earnings reported: 2018/12/30


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.