Quarter
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SALEM MEDIA GROUP, INC.

SALM

CIK 0001050606 · Quarterly mode · latest period FY2023 (Q3) (ending 2023-09-30) · sourced from SEC EDGAR

At a glance · FY2023 (Q3)

Revenue
$63M
↓-5.0% -$3Mvs FY2022 (Q3)
Operating Income
$60M
↓-6.1% -$4Mvs FY2022 (Q3)
Gross Profit
$63M
↓-5.0% -$3Mvs FY2022 (Q3)

Quality Score

Quality score

6-dimension fundamental snapshot · latest annual filed values · S&P 500 calibration

Poor
15/100
  • Profitability
    0ROIC 1.2% (10% = solid, 20%+ = moat)
  • Liquidity
    10Current Ratio 0.70 (above 1.5 = solid)
  • Leverage
    57D/E 0.86 (under 0.5 = conservative)
  • Efficiency
    25Asset Turnover 0.52x (1.0+ = capital-efficient)
  • Growth
    0Revenue YoY -7.7% (10% = solid, 25%+ = elite)
  • Margin Trend
    0Op Margin -57.2% · trend -25.3pts (4Q avg vs prior 4Q)

Calibrated to S&P 500 medians. Each sub-score is computed from a single CFA-grade ratio (Profitability = ROIC, Liquidity = Current Ratio, Leverage = D/E, Efficiency = Asset Turnover, Growth = Revenue YoY, Margin Trend = 4Q operating-margin avg vs prior 4Q). Overall = simple mean.

DCF intrinsic value

DCF intrinsic value

two-stage Gordon model

Project SALM's free cash flow forward, discount back at your hurdle rate, divide by diluted shares. Edit the assumptions to see how sensitive the intrinsic value is.

8%

Trailing CAGR unavailable; default 8%

10%

10% is a common all-equity benchmark for US large-caps

2.5%

Should be ≤ long-run GDP growth (~2.5% nominal)

5

5-year explicit projection + perpetuity terminal

Intrinsic value per share
$4.90
Total enterprise IV
$133M
Diluted shares
0.03B
Terminal PV
$97M (72% of total)
Year-5 FCF
$11M
YearProjected FCFDiscounted PV
+1$8M$8M
+2$9M$7M
+3$10M$7M
+4$11M$7M
+5$11M$7M
Terminal$155M$97M

DCF outputs are HIGHLY sensitive to growth + WACC assumptions. A 1pp WACC change can shift IV by 20%+. Use this as a sanity-check vs market price, not a target — and always cross-check the underlying FCF source (EDGAR cashflow statement, latest annual). Margin of safety convention: 30-50% discount to IV before buying.

Capital allocation · trailing 4 quarters

how the company spent its cash
Capex (TTM)
—
investment in PP&E
Dividends paid (TTM)
—
cash returned to holders
Stock-based comp (TTM)
$396K
non-cash dilution

Balance sheet · 2023-09-30

latest filed snapshot
Total assets
$471M
everything owned
Total liabilities
$339M
everything owed
Stockholders' equity
$132M
shareholder claim
Net debt
$180M
LT debt minus cash

Recent performance · 55 quarters

Revenue↓-7.7% -$5M
$63M
Net Income
$-31M
Free Cash Flow↓-10.8% -$238K
$2M
Operating Margin↓-59.5pts
-57.2%

Drill down

SALM Sankey

See SALEM MEDIA GROUP, INC.'s revenue flow into every line item of the income statement and balance sheet — every dollar accounted for, with prior-period comparison.

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SALM Charts

55 quarters of historical line items — Income, Cash Flow, Balance Sheet, plus margins. Click any chart for the trend dialog.

Open Charts

SALM Key Metrics

EPS, BVPS, FCF/Share, ROE, ROA, ROIC, D/E, Current Ratio, Quick Ratio, Asset Turnover — 10 CFA-grade fundamentals derived from EDGAR data.

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