Emmis Communications Corp
Emmis Corporation, a diversified media company, engages in radio broadcasting activities in the United States. The company operates through two segments, Radio and Publishing. It operates 4 FM and 2 AM radio stations in New York and Indianapolis, as well as publishes Indianapolis Monthly magazine. The company also offers dynamic pricing consulting services; and sound masking solutions for offices… Read more
Emmis Communications Corp (EMMS) - Net Assets
Latest net assets as of May 2020: $119.91 Million USD
Based on the latest financial reports, Emmis Communications Corp (EMMS) has net assets worth $119.91 Million USD as of May 2020.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($221.99 Million) and total liabilities ($102.08 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 | $119.91 Million |
| % of Total Assets | 54.01% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 193.47 |
Emmis Communications Corp - Net Assets Trend (1994–2020)
This chart illustrates how Emmis Communications Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Emmis Communications Corp (1994–2020)
The table below shows the annual net assets of Emmis Communications Corp from 1994 to 2020.
| Year | Net Assets | Change |
|---|---|---|
| 2020-02-29 | $119.91 Million | +19.47% |
| 2019-02-28 | $100.37 Million | +28.24% |
| 2018-02-28 | $78.26 Million | +2048.78% |
| 2017-02-28 | $-4.02 Million | +71.62% |
| 2016-02-29 | $-14.15 Million | -16.46% |
| 2015-02-28 | $-12.15 Million | -114.57% |
| 2014-02-28 | $83.37 Million | +124.72% |
| 2013-02-28 | $37.10 Million | +669.53% |
| 2012-02-29 | $-6.51 Million | +95.41% |
| 2011-02-28 | $-141.99 Million | -9.61% |
| 2010-02-28 | $-129.54 Million | -629.83% |
| 2009-02-28 | $24.45 Million | -91.78% |
| 2008-02-29 | $297.39 Million | +2.96% |
| 2007-02-28 | $288.82 Million | -9.80% |
| 2006-02-28 | $320.19 Million | -36.04% |
| 2005-02-28 | $500.61 Million | -37.16% |
| 2004-02-29 | $796.62 Million | +13.04% |
| 2003-02-28 | $704.71 Million | -4.19% |
| 2002-02-28 | $735.56 Million | -8.91% |
| 2001-02-28 | $807.47 Million | +3.90% |
| 2000-02-29 | $777.12 Million | +229.99% |
| 1999-02-28 | $235.50 Million | +400.00% |
| 1998-02-28 | $47.10 Million | +36.92% |
| 1997-02-28 | $34.40 Million | +147.48% |
| 1996-02-29 | $13.90 Million | +614.81% |
| 1995-02-28 | $-2.70 Million | +77.12% |
| 1994-02-28 | $-11.80 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Emmis Communications Corp'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 40810400000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (February 2020)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $133.00K | 0.11% |
| Other Comprehensive Income | $-43.96 Million | -36.66% |
| Other Components | $641.86 Million | 535.22% |
| Total Equity | $119.92 Million | 100.00% |
Emmis Communications Corp Competitors by Market Cap
The table below lists competitors of Emmis Communications Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SPORT LISBOA E BENF. EO 5
F:M0W
|
$26.81 Million |
|
Comunication Weaver Co.Ltd
KQ:056360
|
$26.81 Million |
|
Key Tronic Corporation
NASDAQ:KTCC
|
$26.82 Million |
|
Orbit Garant Drilling Inc
PINK:OBGRF
|
$26.82 Million |
|
Garuda Metalindo Tbk PT
JK:BOLT
|
$26.80 Million |
|
Total Soft Bank Ltd
KQ:045340
|
$26.79 Million |
|
TAPEX INC
KO:055490
|
$26.79 Million |
|
NexturnBioscience Co. Ltd
KQ:089140
|
$26.78 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Emmis Communications Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2019 to 2020, total equity changed from 72,214,000 to 119,924,000, a change of 47,710,000 (66.1%).
- Net income of 50,485,000 contributed positively to equity growth.
- Share repurchases of 805,000 reduced equity.
- Other comprehensive income decreased equity by 43,961,000.
- Other factors increased equity by 41,991,000.
Equity Change Factors (2019 to 2020)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $50.48 Million | +42.1% |
| Share Repurchases | $805.00K | -0.67% |
| Other Comprehensive Income | $-43.96 Million | -36.66% |
| Other Changes | $41.99 Million | +35.01% |
| Total Change | $- | 66.07% |
Book Value vs Market Value Analysis
This analysis compares Emmis Communications Corp'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: 0.27x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-02-28 | $-2.30 | $2.50 | x |
| 1995-02-28 | $-0.50 | $2.50 | x |
| 1996-02-29 | $2.46 | $2.50 | x |
| 1997-02-28 | $6.17 | $2.50 | x |
| 1998-02-28 | $7.98 | $2.50 | x |
| 1999-02-28 | $31.40 | $2.50 | x |
| 2000-02-29 | $91.02 | $2.50 | x |
| 2001-02-28 | $67.97 | $2.50 | x |
| 2002-02-28 | $63.89 | $2.50 | x |
| 2003-02-28 | $53.14 | $2.50 | x |
| 2004-02-29 | $53.43 | $2.50 | x |
| 2005-02-28 | $32.25 | $2.50 | x |
| 2006-02-28 | $25.35 | $2.50 | x |
| 2007-02-28 | $25.46 | $2.50 | x |
| 2008-02-29 | $26.66 | $2.50 | x |
| 2009-02-28 | $-3.14 | $2.50 | x |
| 2010-02-28 | $-19.33 | $2.50 | x |
| 2011-02-28 | $-20.05 | $2.50 | x |
| 2012-02-29 | $-9.01 | $2.50 | x |
| 2013-02-28 | $-1.02 | $2.50 | x |
| 2014-02-28 | $3.11 | $2.50 | x |
| 2015-02-28 | $-5.53 | $2.50 | x |
| 2016-02-29 | $-4.64 | $2.50 | x |
| 2017-02-28 | $-3.02 | $2.50 | x |
| 2018-02-28 | $3.77 | $2.50 | x |
| 2019-02-28 | $5.37 | $2.50 | x |
| 2020-02-29 | $9.30 | $2.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Emmis Communications Corp 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): 42.10%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 127.13%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 1.85x
- Recent ROE (42.10%) is above the historical average (21.87%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 0.00% | 7.36% | 0.85x | 0.00x | $4.88 Million |
| 1995 | 0.00% | 11.38% | 0.36x | 0.00x | $7.87 Million |
| 1996 | 74.10% | 10.32% | 0.57x | 12.71x | $8.91 Million |
| 1997 | 44.77% | 13.54% | 0.60x | 5.51x | $11.96 Million |
| 1998 | 19.91% | 7.15% | 0.38x | 7.38x | $4.48 Million |
| 1999 | 0.51% | 0.52% | 0.23x | 4.31x | $-22.35 Million |
| 2000 | 0.52% | 1.23% | 0.25x | 1.71x | $-73.63 Million |
| 2001 | 1.70% | 2.90% | 0.19x | 3.10x | $-67.01 Million |
| 2002 | -8.42% | -11.47% | 0.22x | 3.41x | $-135.50 Million |
| 2003 | -23.34% | -30.67% | 0.25x | 3.00x | $-234.94 Million |
| 2004 | 0.30% | 0.69% | 0.14x | 3.07x | $-72.64 Million |
| 2005 | -67.25% | -88.49% | 0.19x | 4.03x | $-349.63 Million |
| 2006 | 131.66% | 92.36% | 0.26x | 5.57x | $330.60 Million |
| 2007 | 47.89% | 31.59% | 0.30x | 5.09x | $89.86 Million |
| 2008 | -0.55% | -0.37% | 0.32x | 4.68x | $-25.71 Million |
| 2009 | 0.00% | -82.36% | 0.45x | 0.00x | $-272.13 Million |
| 2010 | 0.00% | -50.57% | 0.49x | 0.00x | $-104.76 Million |
| 2011 | 0.00% | -6.19% | 0.53x | 0.00x | $3.42 Million |
| 2012 | 0.00% | 11.10% | 0.69x | 0.00x | $36.32 Million |
| 2013 | 0.00% | 22.32% | 0.75x | 0.00x | $44.77 Million |
| 2014 | 121.63% | 21.20% | 0.77x | 7.42x | $39.91 Million |
| 2015 | 0.00% | -41.72% | 0.72x | 0.00x | $-93.38 Million |
| 2016 | 0.00% | 0.91% | 0.73x | 0.00x | $7.37 Million |
| 2017 | 0.00% | 6.11% | 0.74x | 0.00x | $16.81 Million |
| 2018 | 172.60% | 55.31% | 0.55x | 5.70x | $77.37 Million |
| 2019 | 32.34% | 58.54% | 0.17x | 3.29x | $16.13 Million |
| 2020 | 42.10% | 127.13% | 0.18x | 1.85x | $38.49 Million |
Industry Comparison
This section compares Emmis Communications Corp's net assets metrics with peer companies in the Broadcasting industry.
Industry Context
- Industry: Broadcasting
- Average net assets among peers: $512,951,215
- Average return on equity (ROE) among peers: -125.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Emmis Communications Corp (EMMS) | $119.91 Million | 0.00% | 0.85x | $26.80 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 |
| 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 |