Company Overview
Beasley Broadcast Group, Inc. operates as a multi-platform media entity that owns and manages a portfolio of radio stations across the United States, delivering integrated marketing solutions to both local and national advertisers through audio, digital, and event platforms. The company functions within the Communication Services sector, specifically the Broadcasting industry, a landscape defined by the provision of audio content and advertising inventory to reach broad consumer audiences. On a quantitative scale, the entity is characterized by a market capitalization of $5.81M, an annual revenue of $220.17M, and an employee base of 542 individuals. These financial figures indicate a small-cap position with limited market dominance, suggesting the company occupies a niche role within the broader broadcasting ecosystem rather than commanding a significant share of total industry revenue or market value.
Financial Health
The company reported a trailing twelve-month revenue of $220.17M against a net income loss of $-8,459,331, while maintaining an EBITDA of $15.99M, a disparity that reveals a heavy cost structure where operating expenses significantly erode net profits despite positive cash earnings before interest, taxes, depreciation, and amortization. Free cash flow stands at $4.63M, indicating that the business generates sufficient liquidity to cover essential capital expenditures and debt obligations, thereby providing a baseline for financial flexibility despite the reported accounting losses. Margin analysis shows a gross margin of 14.0%, reflecting the cost of goods sold relative to revenue, an operating margin of 1.9% that highlights the efficiency of core operations before interest and taxes, and a profit margin of -3.8% that confirms the bottom-line loss relative to sales. The balance sheet presents a leveraged profile with total debt of $275.35M compared to cash reserves of $14.34M, resulting in a debt-to-equity ratio of 195.26 that signifies substantial reliance on borrowed capital. Liquidity is assessed via a current ratio of 1.15, which suggests the company holds just enough current assets to cover its short-term liabilities, implying a tight but manageable working capital position. Return metrics further illustrate management effectiveness, with a return on equity of -5.9% reflecting value destruction for shareholders and a return on assets of 1.1% indicating low asset efficiency in generating net income.
Valuation Assessment
Valuation metrics present a complex picture with a trailing P/E ratio of N/A and a forward P/E of -1.07, the latter implying that the market prices future earnings as negative relative to the current share price, which suggests an expectation of continued accounting losses or a significant turnaround requirement. The price-to-book ratio is listed at 0.04, indicating that the market values the company at a fraction of its book value, a situation often seen in distressed assets or industries where intangible assets are not fully captured on the balance sheet. Alternative valuation measures include a price-to-sales ratio of 0.03 and an EV/EBITDA of 16.69, figures that suggest the market is pricing the stock at a very low multiple of its revenue stream while valuing its earnings power at a moderate level relative to enterprise value. Historical price volatility is contextualized by a 52-week high of $26.37 and a 52-week low of $3.22, meaning the current price sits significantly below the annual peak, reflecting a substantial decline from recent highs. The beta value of 0.28 indicates that the stock's price volatility is markedly lower than the broader market, suggesting the asset may serve as a defensive holding with reduced sensitivity to general market movements.
Growth & Income
Revenue growth for the trailing twelve months is recorded at -12.4%, while earnings growth is N/A due to the loss position, a dynamic where negative earnings growth is not applicable in the traditional sense but rather indicates a contraction in profitability alongside declining revenue. The company does not pay a dividend, evidenced by a dividend yield of N/A and a payout ratio of 0.0%, which necessitates that all available earnings, or rather retained losses, are theoretically reinvested into the business or used to service debt rather than distributed to shareholders. This non-dividend status means the income profile relies entirely on potential capital appreciation rather than yield, forcing investors to rely on operational improvements to reverse the negative revenue trend and restore profitability. Consequently, the overall growth and income profile is characterized by negative revenue expansion and zero income distribution, highlighting a high-risk scenario where the company must successfully navigate its debt load and reverse earnings contraction to achieve a sustainable positive growth trajectory.