Item 1. Business We are a media company primarily engaged in acquiring, developing and operating broadcast properties including opportunities complimentary to our core radio business including digital, e-commerce and non-traditional revenue initiatives. As of February 28, 2025, we owned eighty-two FM, thirty-one AM radio stations and seventy-nine metro signals serving twenty-eight markets. Our principal executive offices are located at 73 Kercheval, Grosse Pointe Farms, Michigan 48236. We are a Florida corporation, reorganized in 2020. We were originally organized as a Delaware corporation in 1986. During 2022, our founder and former Chief Executive Officer (“CEO”), Edward K. Christian passed away. As of the date of his passing, Mr. Christian held approximately 65% of the combined voting power of the Company’s Common Stock.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 112M | 113M | 116M | 115M | 108M | 96M |
| Net Income | 290K | 3.5M | 9.5M | 9.2M | 11M | -1.9M |
| EPS | $0.05 | $0.55 | $1.55 | $1.52 | $1.85 | $-0.32 |
| Free Cash Flow | 5.9M | 10M | 11M | 11M | 15M | 9.8M |
| ROIC | -0.3% | 1.3% | 6.5% | 6.5% | 11.2% | -1.0% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.03 | 0.03 | 0.00 | 0.00 | 0.05 | 0.05 |
| Dividends/Share | $1.23 | $1.60 | $3.00 | $4.86 | $0.98 | $0.32 |
| Operating Income | -531K | 2.4M | 11M | 13M | 15M | -1.2M |
| Operating Margin | -0.5% | 2.1% | 9.9% | 11.4% | 13.9% | -1.3% |
| ROE | 0.2% | 2.1% | 5.6% | 5.2% | 5.7% | -1.0% |
| Shares Outstanding | 6M | 6M | 6M | 6M | 6M | 6M |
SAGA COMMUNICATIONS INC passes 2 of 9 quality checks, indicating weak fundamentals.
SAGA COMMUNICATIONS INC trades at 239.6x trailing earnings, compared to its 15-year median P/E of 8.4x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 13.0x vs a median of 6.2x. The company's 5-year average ROIC is 4.9%. Total shareholder yield (dividends) is 10.3%. At current prices, the estimated annualized return to fair value is -11.2%.
SAGA COMMUNICATIONS INC (SGA) has a current P/E ratio of 239.6, compared to its historical median P/E of 8.4. The stock is currently considered Expensive based on its historical valuation range.
SAGA COMMUNICATIONS INC (SGA) has a 5-year average return on invested capital (ROIC) of 4.9%. This is below average and may indicate limited pricing power.
SAGA COMMUNICATIONS INC (SGA) has a market capitalization of $77M. It is classified as a small-cap stock.
Yes, SAGA COMMUNICATIONS INC (SGA) pays a dividend with a trailing twelve-month yield of 10.31%.
Based on historical P/E analysis, SAGA COMMUNICATIONS INC (SGA) appears expensive. The current P/E of 239.6 is 2740% above its historical median of 8.4. The estimated fair value CAGR (P/E method) is -20.1%.
SAGA COMMUNICATIONS INC (SGA) operates in the Radio Broadcasting Stations industry, within the Communication Services sector.
SAGA COMMUNICATIONS INC (SGA) reported annual revenue of $113 million in its most recent fiscal year, based on SEC EDGAR filings.
SAGA COMMUNICATIONS INC (SGA) has a net profit margin of 3.1%. This is a modest margin.
SAGA COMMUNICATIONS INC (SGA) generated $10 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
SAGA COMMUNICATIONS INC (SGA) has a debt-to-equity ratio of 0.03. This indicates a conservatively financed balance sheet.
SAGA COMMUNICATIONS INC (SGA) reported earnings per share (EPS) of $0.55 in its most recent fiscal year.
SAGA COMMUNICATIONS INC (SGA) has a return on equity (ROE) of 2.1%. This indicates moderate shareholder returns.
The Ledger Terminal provides 15 years of financial data for SAGA COMMUNICATIONS INC (SGA), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
SAGA COMMUNICATIONS INC (SGA) has a book value per share of $26.37, based on its most recent annual SEC filing.