Professional
Added to YB: 2024-07-26
Pitch date: 2024-07-02
GCI [bullish]
Gannett Co., Inc.
+14.37%
current return
Author Info
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Company Info
Gannett Co., Inc. operates as a media and digital marketing solutions company in the United States. It operates through three segments: Domestic Gannett Media, Newsquest, and Digital Marketing Solutions.
Market Cap
$618.3M
Pitch Price
$4.80
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.07
P/E
5.97
EV/Sales
0.71
Sector
Media
Category
turnaround
Miller Value Partners Deep Value Strategy Portfolio Holding: Gannett Co., Inc.
GCI up 87% on Q earnings; digital rev 42% of total, targeting 50%+ to offset print decline. 10%+ digital growth, 187M audience. NYT comparison: P/S 0.5x to 3.4x, EV/EBITDA 5x to 19x. GCI mispriced at 0.25x rev, >40% FCF yield. 40% FCF CAGR, $500M+ debt reduction potential. Google antitrust suit could yield $1B+. Current price ignores transformation & lawsuit upside.
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