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Paramount Global Class A (PARAA)PARAA
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Upturn Advisory Summary
11/07/2024: PARAA (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: PASS |
Historic Profit: -45.76% | Upturn Advisory Performance 1 | Avg. Invested days: 26 |
Profits based on simulation | Stock Returns Performance 1 | Last Close 11/07/2024 |
Type: Stock | Today’s Advisory: PASS |
Historic Profit: -45.76% | Avg. Invested days: 26 |
Upturn Star Rating | Stock Returns Performance 1 |
Profits based on simulation Last Close 11/07/2024 | Upturn Advisory Performance 1 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 8.11B USD |
Price to earnings Ratio - | 1Y Target Price 13.46 |
Dividends yield (FY) 0.91% | Basic EPS (TTM) -8.74 |
Volume (30-day avg) 31179 | Beta 1.77 |
52 Weeks Range 15.40 - 26.21 | Updated Date 11/8/2024 |
Company Size Mid-Cap Stock | Market Capitalization 8.11B USD | Price to earnings Ratio - | 1Y Target Price 13.46 |
Dividends yield (FY) 0.91% | Basic EPS (TTM) -8.74 | Volume (30-day avg) 31179 | Beta 1.77 |
52 Weeks Range 15.40 - 26.21 | Updated Date 11/8/2024 |
Earnings Date
Report Date 2024-11-08 | When BeforeMarket |
Estimate 0.24 | Actual - |
Report Date 2024-11-08 | When BeforeMarket | Estimate 0.24 | Actual - |
Profitability
Profit Margin -17.62% | Operating Margin (TTM) 10.73% |
Management Effectiveness
Return on Assets (TTM) 3.17% | Return on Equity (TTM) -29.1% |
Revenue by Products
Revenue by Products - Current and Previous Year
Revenue by Geography
Revenue by Geography - Current and Previous Year
Valuation
Trailing PE - | Forward PE 14.1 |
Enterprise Value 28569384960 | Price to Sales(TTM) 0.27 |
Enterprise Value to Revenue 0.73 | Enterprise Value to EBITDA 23.71 |
Shares Outstanding 40702800 | Shares Floating 600102942 |
Percent Insiders 77.49 | Percent Institutions 18.65 |
Trailing PE - | Forward PE 14.1 | Enterprise Value 28569384960 | Price to Sales(TTM) 0.27 |
Enterprise Value to Revenue 0.73 | Enterprise Value to EBITDA 23.71 | Shares Outstanding 40702800 | Shares Floating 600102942 |
Percent Insiders 77.49 | Percent Institutions 18.65 |
Analyst Ratings
Rating - | Target Price 16.47 | Buy - |
Strong Buy - | Hold - | Sell - |
Strong Sell - |
Rating - | Target Price 16.47 | Buy - | Strong Buy - |
Hold - | Sell - | Strong Sell - |
AI Summarization
Paramount Global Class A: A Comprehensive Overview
Company Profile:
History and Background: Paramount Global (formerly ViacomCBS) was formed from the merger of Viacom and CBS in December 2019. Viacom’s roots date back to 1971, while CBS was founded in 1927. The merged entity, Paramount Global is a global media and entertainment company with a rich history in film, television, and streaming.
Core Business Areas: The company operates across four main segments:
- Television: Paramount Global offers a variety of entertainment and news programming through broadcast, cable, and streaming services like CBS, Showtime, Nickelodeon, MTV, BET, and Pluto TV.
- Filmed Entertainment: Paramount Pictures is a renowned film production and distribution studio behind iconic franchises like Mission: Impossible, Star Trek, and Transformers.
- Direct-to-Consumer: The company provides streaming services like Paramount+ and Noggin, offering original programming and access to its vast library content.
- Publishing: Paramount Global owns Simon & Schuster, a major publisher of print and digital books.
Leadership and Structure: The company is led by CEO Bob Bakish and a diverse executive team with expertise in media, entertainment, and technology. The corporate structure comprises various divisions, including the aforementioned business segments, as well as corporate functions like legal, human resources, and finance.
Top Products and Market Share:
- Television Network: CBS is the most-watched broadcast network in the US. Paramount Network, BET, and Nickelodeon also hold significant market shares in their respective categories.
- Streaming Services: Paramount+ has shown impressive growth in subscribers, reaching 46 million globally, while Pluto TV has established a strong position in the free ad-supported streaming market.
- Films: Paramount Pictures consistently releases major blockbuster films with strong global box office performances.
Total Addressable Market: The global television and film market is vast, encompassing billions of viewers worldwide. The global streaming market, estimated at over $500 billion by 2025, also presents significant growth opportunities. The book publishing industry is estimated at $25 billion.
Financial Performance:
- Revenue: The company's total revenue in 2022 was $25.2 billion, driven by strong performance across all segments.
- Profitability: Paramount Global has experienced positive net income and earnings per share growth in recent years.
- Financial Health: The company maintains a healthy balance sheet with strong cash flow.
Dividends and Shareholder Returns:
- Dividend History: Paramount Global has a consistent track record of dividend payouts, with a current dividend yield of 2.5%.
- Shareholder Returns: Over the past five years, total shareholder returns have been positive.
Growth Trajectory:
- Historical Growth: The company has shown steady growth in revenue, earnings, and streaming subscribers over the past five years.
- Future Projections: Paramount Global expects continued growth driven by its expanding streaming business and international expansion.
- Recent Initiatives: The company is investing heavily in content production and technology to drive growth in its streaming and direct-to-consumer businesses.
Market Dynamics:
- Industry Trends: The media and entertainment industry is undergoing rapid transformation driven by streaming, digital consumption, and technological advancements.
- Paramount Global's Positioning: The company is well-positioned within this dynamic market due to its extensive content library, established brands, and growing streaming platforms.
Competitors:
- Television: NBCUniversal, Walt Disney Company, Warner Bros. Discovery.
- Streaming: Netflix, Amazon Prime Video, Disney+, Hulu, Apple TV+.
- Films: Walt Disney Studios, Warner Bros. Pictures, Universal Pictures.
Potential Challenges and Opportunities:
Challenges:
- Intense Competition: The company faces stiff competition in all its business areas.
- Content Acquisition Costs: Rising costs for content acquisition pose challenges.
- Economic Uncertainty: Economic downturns can impact advertising and consumer spending.
Opportunities:
- Expanding Streaming Business: Growth in Paramount+ and Pluto TV subscribers can drive significant revenue growth.
- International Expansion: Increasing global presence through streaming and content distribution.
- Content Production: Continued investment in high-quality content can attract and retain subscribers.
Recent Acquisitions (Past 3 years):
- DreamWorks Animation (2021): This acquisition strengthens Paramount's animation capabilities, adding popular franchises like Shrek and Kung Fu Panda.
- Viz Media Europe Group (2022): This expands the company's reach in the growing anime market.
- TelevisaUnivision (2022): This strategic partnership grants access to Televisa's vast content library and distribution network, boosting international growth.
AI-Based Fundamental Rating: 8.5 (Out of 10)
Paramount Global has strong fundamentals driven by its diversified business, valuable content library, and expanding streaming operations. The AI model considers its financial performance, market position, growth potential, and industry trends in its rating.
Sources:
- Paramount Global Investor Relations: https://investors.paramount.com/
- SEC Filings: https://www.sec.gov/edgar/search/
- Media & Entertainment Industry Reports
Disclaimer: This information is for general knowledge and should not be considered investment advice. Please consult with a financial professional for personalized financial guidance.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Paramount Global Class A
Exchange | NASDAQ | Headquaters | New York, NY, United States |
IPO Launch date | 2022-02-17 | CEO | - |
Sector | Communication Services | Website | https://www.paramount.com |
Industry | Entertainment | Full time employees | 21900 |
Headquaters | New York, NY, United States | ||
CEO | - | ||
Website | https://www.paramount.com | ||
Website | https://www.paramount.com | ||
Full time employees | 21900 |
Paramount Global operates as a media, streaming, and entertainment company worldwide. It operates through TV Media, Direct-to-Consumer, and Filmed Entertainment segments. The TV Media segment operates CBS Television Network, a domestic broadcast television network; CBS Stations, a television station; and international free-to-air networks comprising Network 10, Channel 5, Telefe, and Chilevisión; domestic premium and basic cable networks, such as Paramount+ with Showtime, MTV, Comedy Central, Paramount Network, The Smithsonian Channel, Nickelodeon, BET Media Group, and CBS Sports Network; and international extensions of these brands. This segment also offers domestic and international television studio operations, including CBS Studios, Paramount Television Studios, and Showtime/MTV Entertainment Studios; CBS Media Ventures, which produces and distributes first-run syndicated programming; and digital properties consisting of CBS News Streaming and CBS Sports HQ. The Direct-to-Consumer segment provides a portfolio of domestic and international pay and free streaming services, including Paramount+, Pluto TV, BET+, and Noggin. The Filmed Entertainment segment produces and acquires films, series, and short-form content for release and licensing around the world, including in theaters, on streaming services, on television, through digital home entertainment, and DVDs/Blu-rays; and operates a portfolio consisting of Paramount Pictures, Paramount Players, Paramount Animation, Nickelodeon Studio, Awesomeness, and Miramax. It also offers production, distribution, and advertising solutions. The company was formerly known as ViacomCBS Inc. and changed its name to Paramount Global in February 2022. The company was founded in 1914 and is headquartered in New York, New York. Paramount Global is a subsidiary of National Amusements, Inc.
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