E W appears to be slightly risky, given 1 month investment horizon.
E W Scripps secures Sharpe Ratio (or Efficiency) of 0.0734, which denotes the company had 0.0734% of return per unit of volatility over the last month. Our approach to predicting the volatility of a stock is to use all available market data together with stock specific
technical indicators that cannot be
diversified away. We have found twenty-one
technical indicators for E W Scripps, which you can use to evaluate future volatility of the entity. Please utilize E W Scripps Downside Deviation of 6.33,
market risk adjusted performance of 0.2921, and Mean Deviation of 4.89 to check if our risk estimates are consistent with your expectations.
Typically, a company's
financial statements are the reports that show the
financial position of the company. There are three main documents that fall into the category of financial statements. These documents include E W income statement, its balance sheet, and the statement of cash flows. Potential E W investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although E W investors may use each financial statement separately, they are all related. The changes in E W's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on E W's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our
technical analysis and
fundamental analysis pages.
The goal of E W
fundamental analysis is to do accurate financial forecasts. There are several possible objectives to fundamental analysis, such as projecting of E W performance into the future periods or doing a reasonable stock valuation. The intrinsic value of E W shares is the value that is considered the true value of the share. If
the intrinsic value of SSP is higher than its market price, buying is generally recommended. If it is equal to the market price, it is recommended to hold; and if it is less than the market price, then one should sell all shares E W. Please read more on our
fundamental analysis page.
How effective is E W in utilizing its assets?
E W Scripps reports assets on its Balance Sheet. It represents the amount of SSP resources that either has an existing economic value or will provide some form of benefits in the future. By effectively utilizing its assets, E W aims to generate revenue, control costs, drive operational efficiency, and enhance profitability. Optimizing asset utilization helps maximize shareholder value and maintain a competitive position in the Broadcasting space. To get a better handle on how balance sheet or income statements item affect SSP volatility, please check the breakdown of all its
fundamentals.
Are E W Earnings Expected to grow?
The
future earnings power of E W involves the interaction of many company-specific, industry, and economic forces. Earnings estimates embody investors' opinions of E W factors such as sales growth, product demand, competitive industry environment, profit margins, and cost controls. E W
stock prices adjust as these expectations change or are proven wrong. The main thing to remember is that equities with high expected earnings growth tend to underperform the market because it is usually difficult to meet the market's high expectations. Companies with low earnings expectations tend to do better than expected. Please use our latest analysis of SSP
expected earnings.
E W Gross Profit
E W Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing E W previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show E W Gross Profit growth over the last 10 years. Please check E W's
gross profit and other
fundamental indicators for more details.
Another Deeper Perspective
Although in the United States, the Securities and Exchange Commission has enforced strong rules to prevent insiders from engaging in insider trading, finding insiders among active shareholders of E W is not uncomon. There are few distinct groups of E W stakehholders that the SEC considers insiders. Investors usually gain information through their work as corporate directors, officers, or employees. If these individuals share the information with a friend, family, or business partner and the person who receives the information exchanges stock in the company, he or shie is also an insider. Let's take a look at how the ownership of E W is distributed among investors.
Ownership Allocation
E W Scripps retains a total of 69.46 Million outstanding shares. The majority of E W Scripps
outstanding shares are owned by
other corporate entities. These outside corporations are usually referred to as non-private investors looking to obtain positions in E W Scripps to benefit from reduced commissions. Hence, institutional investors are subject to a different set of regulations than regular investors in E W. Please pay attention to any change in the institutional holdings of E W Scripps as this could imply that something significant has changed or about to change at the company. Also note that almost four million one hundred sixty-seven thousand six hundred invesors are currently shorting E W expressing very little confidence in its
future performance.
| Insiders19.43% | Institutions86.26% |
| Retail Investors | -5.69 |
| Insiders | 19.43 |
| Institutions | 86.26 |
Asset Utilization
The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. E W has an asset utilization ratio of 92.81 percent. This suggests that the company is making $0.93 for each dollar of assets. An increasing asset utilization means that E W Scripps is more efficient with each dollar of assets it utilizes for everyday operations.
| Assets Non Current1.8 B | Goodwill1.2 B | |
| Current Assets | 477.56 Million | 13.89 |
| Assets Non Current | 1.8 Billion | 52.22 |
| Goodwill | 1.15 Billion | 33.56 |
| Tax Assets | 11.31 Million | 0.33 |
E W recent price decline can leaving insiders with little time to react
Recent skewness is at 0.32. As of the 7th of August, E W shows the Market Risk Adjusted Performance of 0.2921,
downside deviation of 6.33, and Mean Deviation of 4.89. Compared to
fundamental indicators, the
technical analysis model provides you with a way to check timely technical drivers of E W, as well as the relationship between them. Put another way, you can use this information to find out if the entity will indeed mirror its model of
historical prices and volume momentum, or the prices will eventually revert. We are able to interpolate and collect nineteen
technical drivers for E W Scripps, which can be compared to its rivals. Please confirm
E W Scripps standard deviation, as well as the
relationship between the value at risk and
kurtosis to decide if E W Scripps is priced correctly, providing market reflects its regular price of 10.57 per share. Given that E W has
jensen alpha of 0.217, we urge you to verify E W Scripps's prevailing market performance to make sure the company can sustain itself sooner or later.
Our Final Take On E W
Although many of the other players in the broadcasting industry are either recovering or due for a correction, E W may not be as strong as the others in terms of longer-term growth potentials. To conclude, as of the 7th of August 2020, our overall 30 days buy-hold-sell advice on the firm is
Strong Sell. However, we believe E W is
undervalued with
close to average probability of financial unrest for the next two years.
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Raphi Shpitalnik is a Junior Member of Macroaxis Editorial Board. Raphael is a young entrepreneur who joined Macroaxis on a part-time basis at the beginning of the pandemic and eventually acquired a real taste for investing and fintech. He likes to analyze different equity instruments across a wide range of industries, focusing primarily on consumer products, sports, fintech, cannabis, and AI.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of E W Scripps. Please refer to our
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