Many media companies are struggling with massive debt loads, but some industry stocks are favored by analysts to rise by double digits over the next year.
The media landscape is going through a difficult transition, and it isn’t only because streaming is such a tricky business.
Below is a screen of U.S. media stocks, showing the ones that analysts favor the most over the next 12 months. But before that, we list the ones with the highest and lowest debt levels. High debt Before looking at the stock screen, you might be interested to see which of the 53 media companies are saddled with the highest levels of total debt relative to consensus estimates for earnings before interest and taxes for the next 12 months, among analysts polled by FactSet. This may be especially important at a time when long-term interest rates have been rising quickly. Dollar amounts are in millions.
Looking at the most indebted company by quarter-end debt to its 12-month EBIT estimate, it would take more than 10 years of Dish Network Corp.’s DISH operating income to pay off its total debt, excluding interest. Among the largest 10 companies in the S&P Composite 1500 communications sector by market cap, Charter Communications Inc. CHTR has the highest ratio of debt to estimated EBIT, while its debt service ratio of 89% shows it was close to covering its interest payments with operating income during its most recent reported quarter. Disney also came close, with a debt service ratio of 88%.
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