Salem Media Group Inc
Salem Media Group, Inc. operates as a multimedia company in the United States. It operates in three segments: Broadcast, Digital Media, and Publishing. The company owns and operates radio stations; offers programming to Christian and family-themed talk stations, music stations, and news talk stations; places advertising on Christian and talk-formatted radio stations, and other commercial radio st… Read more
Salem Media Group Inc (SALM) - Net Assets
Latest net assets as of September 2023: $132.15 Million USD
Based on the latest financial reports, Salem Media Group Inc (SALM) has net assets worth $132.15 Million USD as of September 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($471.30 Million) and total liabilities ($339.15 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $132.15 Million |
| % of Total Assets | 28.04% |
| Annual Growth Rate | 13.12% |
| 5-Year Change | -20.96% |
| 10-Year Change | -13.1% |
| Growth Volatility | 293.63 |
Salem Media Group Inc - Net Assets Trend (1998–2022)
This chart illustrates how Salem Media Group Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Salem Media Group Inc (1998–2022)
The table below shows the annual net assets of Salem Media Group Inc from 1998 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $175.36 Million | -1.60% |
| 2021-12-31 | $178.21 Million | +31.74% |
| 2020-12-31 | $135.28 Million | -28.67% |
| 2019-12-31 | $189.66 Million | -14.52% |
| 2018-12-31 | $221.87 Million | -4.07% |
| 2017-12-31 | $231.28 Million | +8.15% |
| 2016-12-31 | $213.85 Million | +1.92% |
| 2015-12-31 | $209.82 Million | +2.86% |
| 2014-12-31 | $203.99 Million | +1.09% |
| 2013-12-31 | $201.78 Million | -2.08% |
| 2012-12-31 | $206.07 Million | +1.49% |
| 2011-12-31 | $203.05 Million | +3.38% |
| 2010-12-31 | $196.40 Million | -0.40% |
| 2009-12-31 | $197.20 Million | -2.91% |
| 2008-12-31 | $203.12 Million | -12.89% |
| 2007-12-31 | $233.18 Million | -1.91% |
| 2006-12-31 | $237.72 Million | -4.58% |
| 2005-12-31 | $249.12 Million | +0.60% |
| 2004-12-31 | $247.64 Million | +44.12% |
| 2003-12-31 | $171.82 Million | -0.06% |
| 2002-12-31 | $171.93 Million | +9.25% |
| 2001-12-31 | $157.37 Million | +2.89% |
| 2000-12-31 | $152.95 Million | +7.08% |
| 1999-12-31 | $142.84 Million | +1469.66% |
| 1998-12-31 | $9.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Salem Media Group Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 1304.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $288.00K | 0.16% |
| Other Components | $214.81 Million | 122.50% |
| Total Equity | $175.36 Million | 100.00% |
Salem Media Group Inc Competitors by Market Cap
The table below lists competitors of Salem Media Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HANBIT SOFT Inc
KQ:047080
|
$12.75 Million |
|
Nagarjuna Fertilizers and Chemicals Limited
NSE:NAGAFERT
|
$12.75 Million |
|
Mostostal Warszawa S.A.
WAR:MSW
|
$12.75 Million |
|
Stella Holdings Bhd
KLSE:5006
|
$12.75 Million |
|
Satria Mega Kencana Tbk PT
JK:SOTS
|
$12.74 Million |
|
E-Waste Corp
PINK:EZRG
|
$12.74 Million |
|
N Citron Inc
KQ:101400
|
$12.74 Million |
|
Euroconsultants SA
AT:EUROC
|
$12.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Salem Media Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 178,211,000 to 175,357,000, a change of -2,854,000 (-1.6%).
- Net loss of 3,236,000 reduced equity.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-3.24 Million | -1.85% |
| Other Changes | $382.00K | +0.22% |
| Total Change | $- | -1.60% |
Book Value vs Market Value Analysis
This analysis compares Salem Media Group Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.08x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.94x to 0.08x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-12-31 | $0.55 | $0.51 | x |
| 1999-12-31 | $7.12 | $0.51 | x |
| 2000-12-31 | $6.52 | $0.51 | x |
| 2001-12-31 | $6.69 | $0.51 | x |
| 2002-12-31 | $7.29 | $0.51 | x |
| 2003-12-31 | $7.32 | $0.51 | x |
| 2004-12-31 | $9.76 | $0.51 | x |
| 2005-12-31 | $9.66 | $0.51 | x |
| 2006-12-31 | $9.81 | $0.51 | x |
| 2007-12-31 | $9.80 | $0.51 | x |
| 2008-12-31 | $8.58 | $0.51 | x |
| 2009-12-31 | $8.28 | $0.51 | x |
| 2010-12-31 | $7.97 | $0.51 | x |
| 2011-12-31 | $8.23 | $0.51 | x |
| 2012-12-31 | $8.25 | $0.51 | x |
| 2013-12-31 | $8.09 | $0.51 | x |
| 2014-12-31 | $7.82 | $0.51 | x |
| 2015-12-31 | $8.11 | $0.51 | x |
| 2016-12-31 | $8.21 | $0.51 | x |
| 2017-12-31 | $8.75 | $0.51 | x |
| 2018-12-31 | $8.47 | $0.51 | x |
| 2019-12-31 | $7.16 | $0.51 | x |
| 2020-12-31 | $5.07 | $0.51 | x |
| 2021-12-31 | $6.53 | $0.51 | x |
| 2022-12-31 | $6.45 | $0.51 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Salem Media Group Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -1.85%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.21%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 2.88x
- Recent ROE (-1.85%) is below the historical average (-0.57%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | -17.58% | -2.05% | 0.37x | 22.84x | $-2.51 Million |
| 1999 | -5.63% | -8.60% | 0.35x | 1.85x | $-22.33 Million |
| 2000 | 6.61% | 8.57% | 0.25x | 3.08x | $-5.19 Million |
| 2001 | 2.79% | 3.09% | 0.28x | 3.22x | $-11.35 Million |
| 2002 | 8.15% | 8.53% | 0.24x | 3.91x | $-3.19 Million |
| 2003 | -0.39% | -0.38% | 0.32x | 3.26x | $-17.86 Million |
| 2004 | 3.03% | 3.82% | 0.34x | 2.37x | $-17.25 Million |
| 2005 | 5.08% | 5.98% | 0.33x | 2.59x | $-12.25 Million |
| 2006 | 7.99% | 8.34% | 0.33x | 2.89x | $-4.77 Million |
| 2007 | 3.51% | 3.53% | 0.34x | 2.92x | $-15.14 Million |
| 2008 | -16.29% | -14.99% | 0.36x | 2.99x | $-53.40 Million |
| 2009 | -4.23% | -4.19% | 0.34x | 2.94x | $-28.07 Million |
| 2010 | 0.98% | 0.93% | 0.36x | 2.93x | $-17.71 Million |
| 2011 | 2.77% | 2.58% | 0.39x | 2.76x | $-14.69 Million |
| 2012 | 2.15% | 1.93% | 0.41x | 2.71x | $-16.18 Million |
| 2013 | -1.36% | -1.15% | 0.41x | 2.85x | $-22.91 Million |
| 2014 | 2.68% | 2.05% | 0.46x | 2.86x | $-14.92 Million |
| 2015 | 5.31% | 4.20% | 0.44x | 2.85x | $-9.83 Million |
| 2016 | 4.15% | 3.23% | 0.46x | 2.76x | $-12.51 Million |
| 2017 | 10.66% | 9.34% | 0.46x | 2.48x | $1.52 Million |
| 2018 | -1.44% | -1.21% | 0.47x | 2.52x | $-25.38 Million |
| 2019 | -14.68% | -10.96% | 0.45x | 2.94x | $-46.81 Million |
| 2020 | -39.96% | -22.88% | 0.45x | 3.88x | $-67.59 Million |
| 2021 | 23.29% | 16.08% | 0.50x | 2.90x | $23.69 Million |
| 2022 | -1.85% | -1.21% | 0.53x | 2.88x | $-20.77 Million |
Industry Comparison
This section compares Salem Media Group Inc's net assets metrics with peer companies in the Broadcasting industry.
Industry Context
- Industry: Broadcasting
- Average net assets among peers: $461,004,694
- Average return on equity (ROE) among peers: -112.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Salem Media Group Inc (SALM) | $132.15 Million | -17.58% | 2.57x | $12.75 Million |
| Aferian Plc (AOECF) | $78.88 Million | -22.09% | 0.59x | $3.61 Million |
| TV Azteca S.A.B. de C.V (AZTEF) | $3.48 Billion | -18.61% | 7.05x | $89.58K |
| Beasley Broadcast Group Inc (BBGI) | $47.53 Million | -64.28% | 4.57x | $2.28 Million |
| Cumulus Media Inc Class A (CMLS) | $512.74 Million | 38.24% | 6.55x | $1.82 Million |
| Curiositystream Inc. (CURI) | $72.65 Million | -67.31% | 0.39x | $138.54 Million |
| Emmis Communications Corp (EMMS) | $-6.51 Million | 0.00% | 0.00x | $26.80 Million |
| Freedom Holdings Inc (FHLD) | $268.93K | -415.05% | 9.21x | $894.13K |
| Fubotv Inc (FUBO) | $283.82 Million | -101.28% | 3.34x | $409.09 Million |
| Granite Broadcasting Corporation (GRRP) | $26.99 Million | -302.20% | 16.49x | $1.99K |
| Gray Television Inc (GTN-A) | $117.11 Million | -172.51% | 9.92x | $894.19 Million |