Wednesday, December 01, 2021
Entravision Communications (EVC)
Operating On All Eight Cylinders
Entravision Communications Corporation is a diversified Spanish-language media company utilizing a combination of television and radio operations to reach Hispanic consumers across the United States, as well as the border markets of Mexico. Entravision owns and/or operates 53 primary television stations and is the largest affiliate group of both the top-ranked Univision television network and Univision’s TeleFutura network, with television stations in 20 of the nation’s top 50 Hispanic markets. The Company also operates one of the nation’s largest groups of primarily Spanish-language radio stations, consisting of 48 owned and operated radio stations.
Michael Kupinski, Director of Research, Noble Capital Markets, Inc.
Patrick McCann, Research Associate, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Fireside chat highlights. This report highlights a virtual non deal road show in a fireside chat format with Christopher Young, Entravision’s CFO. The video of the discussion may be found here on Channelchek.com. The wide ranging discussion included topics such as M&A opportunities; its fast growing Digital businesses; Capital Allocation, given its high free cash flow conversion (90%) and strong balance sheet; its Univision relationship, spectrum auction prospects; and, current revenue pacing trends, among others.
Still a growth industry. While many media companies, including Entravision, are diversifying outside of traditional radio and television broadcasting, management believes that its terrestrial broadcast businesses offer growth, given its orientation on the growing Hispanic community. While Auto as a category may be slow to come back, the company has developing other ad categories, including sports …
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.
