Symbols / SALM $0.49 +6.52%
SALM Chart
About
Salem Media Group, Inc. operates as a multimedia company in the United States. It operates in three segments: Broadcast, Digital Media, and Publishing. The company owns and operates radio stations; offers programming to Christian and family-themed talk stations, music stations, and news talk stations; places advertising on Christian and talk-formatted radio stations, and other commercial radio station formats; and operates Salem Podcast Network, a platform for conservative, political, news, and family-oriented podcasts. It also provides Christian, conservative, investing content, audio and video streaming, and other resources digitally through BibleStudyTools.com, Crosswalk.com, Christianity.com, iBelieve.com, GodTube.com, OnePlace.com, GodUpdates.com, CrossCards.com, LightSource.com, Townhall.com, HotAir.com, Twitchy.com, RedState.com, BearingArms.com, ConservativeRadio.com, and pjmedia.com, as well as through mobile applications. In addition, the company publishes digital newsletters consisting of market analysis and non-individualized investment strategies; and operates SermonSearch.com, ChurchStaffing.com, WorshipHouseMedia.com, SermonSpice.com, WorshipHouseKids.com, Preaching.com, ChristianJobs.com, ShiftWorship.com, JourneyBoxMedia.com, and Playblackmedia.com. Further, the company offers publishing services for books written by conservative and Christian authors; and a self-publishing service through Xulon Press and Mill City Press. The company was formerly known as Salem Communications Corporation and changed its name to Salem Media Group, Inc. in February 2015. Salem Media Group, Inc. was founded in 1974 and is headquartered in Camarillo, California.
Fundamentals
Scroll to Statements| Sector | Communication Services | Industry | Broadcasting | Market Cap | 15.61M |
| Enterprise Value | — | Income | -1.33M | Sales | 216.78M |
| Book/sh | 5.90 | Cash/sh | — | Dividend Yield | — |
| Payout | 0.00% | Employees | — | IPO | — |
| P/E | — | Forward P/E | -49.00 | PEG | — |
| P/S | 0.07 | P/B | 0.08 | P/C | — |
| EV/EBITDA | — | EV/Sales | — | Quick Ratio | 0.57 |
| Current Ratio | 0.72 | Debt/Eq | 30.05 | LT Debt/Eq | — |
| EPS (ttm) | -1.27 | EPS next Y | -0.01 | EPS Growth | — |
| Revenue Growth | -12.60% | Earnings | 2023-11-13 16:00 | ROA | -3.08% |
| ROE | -0.86% | ROIC | — | Gross Margin | 4.82% |
| Oper. Margin | -11.49% | Profit Margin | -0.62% | Shs Outstand | 25.99M |
| Shs Float | 26.02M | Short Float | 2.52% | Short Ratio | 0.76 |
| Short Interest | — | 52W High | 2.09 | 52W Low | 0.36 |
| Beta | -0.60 | Avg Volume | 32.70K | Volume | 21.35K |
| Target Price | — | Recom | None | Prev Close | $0.46 |
| Price | $0.49 | Change | 6.52% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
—
Mean price target
2. Current target
$0.49
Latest analyst target
3. DCF / Fair value
$-3.18
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$0.49
Low
—
High
—
Mean
—
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2023-05-10 | main | EF Hutton | Buy → Buy | $5 |
| 2022-11-07 | main | EF Hutton | — → Buy | $5 |
| 2022-03-08 | init | EF Hutton | — → Buy | $6 |
| 2021-12-22 | init | Spartan Securities Group | — → Buy | $6 |
| 2018-08-09 | down | Noble Capital Markets | Buy → Hold | — |
| 2014-10-07 | init | Noble Capital Markets | — → Buy | $11 |
| 2012-08-07 | main | Imperial Capital | — → Outperform | $8 |
| 2012-04-23 | main | Imperial Capital | — → Outperform | $8 |
- Amazon Prime Video adds conservative Salem News Channel live - Stock Titan hu, 05 Mar 2026 14
- Salem Media Group Announces the Issuance of SALM Stock to Co-Founder and Executive Chairman, Edward G. Atsinger III, in Lieu of Cash, and the Removal of Stock Forfeiture Provision for Previous Restricted Stock Grants - Salem Media hu, 16 Oct 2025 07
- Is SalMar (OB:SALM) Pricing Look Attractive After Recent Share Price Weakness - Yahoo Finance Wed, 14 Jan 2026 08
- Salem Co-Founder Agrees To Stock, Instead Of Cash - Radio & Television Business Report Fri, 17 Oct 2025 07
- After 56 years of ministry, John MacArthur earns 2026 Christian media award - Stock Titan Wed, 25 Feb 2026 08
- Trump Family Deepens Ties in Buyer-Beware Penny Stock World - Bloomberg ue, 15 Apr 2025 07
- SalMar ASA (OB:SALM) Not Lagging Market On Growth Or Pricing - simplywall.st Wed, 28 Jan 2026 08
- Four major radio markets now led by Salem Media’s newly promoted VP - Stock Titan Wed, 14 Jan 2026 08
- Salem Media to Delist Stock from NASDAQ - MinistryWatch Mon, 08 Jan 2024 08
- Salem Media Group Substantially Strengthens its Balance Sheet by Repaying All $159.4 Million of its Long-Term Debt and Brings in New Strategic Investor - Business Wire Mon, 30 Dec 2024 08
- Salem Media gathers 500+ ministry and media leaders at NRB summit - Stock Titan Wed, 11 Feb 2026 08
- “The Real Story” Expands to Weekdays on AM 560 The Answer, Adding Amy Jacobson as Co-Host - Stock Titan hu, 29 Jan 2026 08
- Chicago morning host Dan Proft signs deal to stay on AM 560 through 2027 - Stock Titan hu, 15 Jan 2026 08
- Breitbart and CNN voices share a radio slot once held by Limbaugh - Stock Titan Wed, 17 Dec 2025 08
- Exclusive Netanyahu Interview: Salem Media's 'Dragon's Prophecy' Documentary Explores Oct 7 Prophecies - Stock Titan hu, 04 Sep 2025 07
Insider Transactions
No recent insider transactions.
Financials
| Line Item | 2022-12-31 | 2021-12-31 |
|---|---|---|
| TaxEffectOfUnusualItems | -1.16M | 8.43M |
| TaxRateForCalcs | 0.11 | 0.27 |
| NormalizedEBITDA | 32.76M | 38.15M |
| TotalUnusualItems | -10.71M | 31.23M |
| TotalUnusualItemsExcludingGoodwill | -10.71M | 31.23M |
| NetIncomeFromContinuingOperationNetMinorityInterest | -3.24M | 41.51M |
| ReconciledDepreciation | 12.61M | 12.83M |
| ReconciledCostOfRevenue | 219.88M | 202.74M |
| EBITDA | 22.04M | 69.38M |
| EBIT | 9.43M | 56.55M |
| NetInterestIncome | -12.89M | -15.79M |
| InterestExpense | 13.06M | 15.80M |
| InterestIncome | 171.00K | 10.00K |
| NormalizedIncome | 6.32M | 18.71M |
| NetIncomeFromContinuingAndDiscontinuedOperation | -3.24M | 41.51M |
| TotalExpenses | 251.05M | 233.05M |
| TotalOperatingIncomeAsReported | 5.15M | 46.25M |
| DilutedAverageShares | 27.21M | 27.30M |
| BasicAverageShares | 27.21M | 26.89M |
| DilutedEPS | -0.12 | 1.52 |
| BasicEPS | -0.12 | 1.54 |
| DilutedNIAvailtoComStockholders | -3.24M | 41.51M |
| NetIncomeCommonStockholders | -3.24M | 41.51M |
| NetIncome | -3.24M | 41.51M |
| NetIncomeIncludingNoncontrollingInterests | -3.24M | 41.51M |
| NetIncomeContinuousOperations | -3.24M | 41.51M |
| TaxProvision | -392.00K | -759.00K |
| PretaxIncome | -3.63M | 40.76M |
| OtherIncomeExpense | -6.65M | 31.34M |
| OtherNonOperatingIncomeExpenses | -4.00K | 110.00K |
| SpecialIncomeCharges | -10.71M | 31.23M |
| GainOnSaleOfPPE | 8.38M | 23.57M |
| OtherSpecialCharges | 4.98M | -7.66M |
| WriteOff | 13.98M | 0.00 |
| ImpairmentOfCapitalAssets | 127.00K | 0.00 |
| RestructuringAndMergernAcquisition | -5.00K | 0.00 |
| EarningsFromEquityInterest | 4.07M | 0.00 |
| NetNonOperatingInterestIncomeExpense | -12.89M | -15.79M |
| InterestExpenseNonOperating | 13.06M | 15.80M |
| InterestIncomeNonOperating | 171.00K | 10.00K |
| OperatingIncome | 15.91M | 25.20M |
| OperatingExpense | 31.17M | 30.31M |
| OtherOperatingExpenses | 18.56M | 17.48M |
| DepreciationAmortizationDepletionIncomeStatement | 12.61M | 12.83M |
| DepreciationAndAmortizationInIncomeStatement | 12.61M | 12.83M |
| Amortization | 1.27M | 1.90M |
| AmortizationOfIntangiblesIncomeStatement | 1.27M | 1.90M |
| DepreciationIncomeStatement | 11.34M | 10.93M |
| SellingGeneralAndAdministration | 18.56M | 17.48M |
| GeneralAndAdministrativeExpense | 18.56M | 17.48M |
| OtherGandA | 18.56M | 17.48M |
| GrossProfit | 47.08M | 55.51M |
| CostOfRevenue | 219.88M | 202.74M |
| TotalRevenue | 266.97M | 258.25M |
| OperatingRevenue | 266.97M | 258.25M |
| Line Item | 2022-12-31 | 2021-12-31 |
|---|---|---|
| TreasurySharesNumber | 2.32M | 2.32M |
| OrdinarySharesNumber | 27.22M | 27.16M |
| ShareIssued | 29.53M | 29.48M |
| NetDebt | 159.32M | 168.80M |
| TotalDebt | 210.12M | 221.56M |
| TangibleBookValue | -154.65M | -168.23M |
| InvestedCapital | 334.68M | 348.79M |
| WorkingCapital | -19.55M | -9.94M |
| NetTangibleAssets | -154.65M | -168.23M |
| CapitalLeaseObligations | 50.79M | 50.98M |
| CommonStockEquity | 175.36M | 178.21M |
| TotalCapitalization | 325.72M | 348.79M |
| TotalEquityGrossMinorityInterest | 175.36M | 178.21M |
| StockholdersEquity | 175.36M | 178.21M |
| TreasuryStock | 34.01M | 34.01M |
| RetainedEarnings | -39.74M | -36.51M |
| AdditionalPaidInCapital | 248.82M | 248.44M |
| CapitalStock | 288.00K | 288.00K |
| CommonStock | 288.00K | 288.00K |
| TotalLiabilitiesNetMinorityInterest | 329.76M | 337.90M |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 265.15M | 286.45M |
| OtherNonCurrentLiabilities | 66.00K | 586.00K |
| NonCurrentDeferredLiabilities | 72.28M | 73.01M |
| NonCurrentDeferredRevenue | 5.54M | 5.99M |
| NonCurrentDeferredTaxesLiabilities | 66.73M | 67.01M |
| LongTermDebtAndCapitalLeaseObligation | 192.81M | 212.85M |
| LongTermCapitalLeaseObligation | 42.45M | 42.27M |
| LongTermDebt | 150.37M | 170.58M |
| CurrentLiabilities | 64.61M | 51.45M |
| CurrentDeferredLiabilities | 12.02M | 12.45M |
| CurrentDeferredRevenue | 12.02M | 12.45M |
| CurrentDebtAndCapitalLeaseObligation | 17.31M | 8.71M |
| CurrentCapitalLeaseObligation | 8.35M | 8.71M |
| CurrentDebt | 8.96M | |
| OtherCurrentBorrowings | 8.96M | |
| PensionandOtherPostRetirementBenefitPlansCurrent | 10.30M | 13.05M |
| PayablesAndAccruedExpenses | 24.98M | 17.24M |
| CurrentAccruedExpenses | 18.44M | 13.04M |
| InterestPayable | 949.00K | 1.03M |
| Payables | 6.54M | 4.21M |
| TotalTaxPayable | 0.00 | 1.54M |
| IncomeTaxPayable | 0.00 | 1.54M |
| AccountsPayable | 6.54M | 2.66M |
| TotalAssets | 505.12M | 516.11M |
| TotalNonCurrentAssets | 460.06M | 474.60M |
| OtherNonCurrentAssets | 3.42M | 4.04M |
| NonCurrentDeferredAssets | 681.00K | 843.00K |
| NonCurrentNoteReceivables | 922.00K | 274.00K |
| GoodwillAndOtherIntangibleAssets | 330.01M | 346.44M |
| OtherIntangibleAssets | 305.92M | 322.45M |
| Goodwill | 24.09M | 23.99M |
| NetPPE | 125.03M | 123.00M |
| AccumulatedDepreciation | -191.64M | -186.05M |
| GrossPPE | 316.67M | 309.06M |
| Leases | 19.13M | 18.10M |
| ConstructionInProgress | 52.20M | 46.38M |
| OtherProperties | 150.95M | 150.98M |
| MachineryFurnitureEquipment | 38.80M | 38.11M |
| BuildingsAndImprovements | 28.52M | 28.59M |
| LandAndImprovements | 27.07M | 26.90M |
| Properties | 0.00 | 0.00 |
| CurrentAssets | 45.06M | 41.51M |
| AssetsHeldForSaleCurrent | 267.00K | 1.55M |
| PrepaidAssets | 7.62M | 6.77M |
| Inventory | 1.51M | 960.00K |
| FinishedGoods | 1.51M | 960.00K |
| Receivables | 35.66M | 30.45M |
| ReceivablesAdjustmentsAllowances | -586.00K | -455.00K |
| OtherReceivables | 5.29M | 5.24M |
| TaxesReceivable | 195.00K | 0.00 |
| AccountsReceivable | 30.76M | 25.66M |
| AllowanceForDoubtfulAccountsReceivable | -7.94M | -13.02M |
| GrossAccountsReceivable | 38.70M | 38.69M |
| CashCashEquivalentsAndShortTermInvestments | 0.00 | 1.78M |
| CashAndCashEquivalents | 0.00 | 1.78M |
| Line Item | 2022-12-31 | 2021-12-31 |
|---|---|---|
| FreeCashFlow | -5.64M | 11.58M |
| RepaymentOfDebt | -64.02M | -163.78M |
| IssuanceOfDebt | 51.99M | 125.96M |
| CapitalExpenditure | -13.38M | -10.91M |
| InterestPaidSupplementalData | 11.85M | 14.90M |
| IncomeTaxPaidSupplementalData | 1.63M | 131.00K |
| EndCashPosition | 0.00 | 1.78M |
| BeginningCashPosition | 1.78M | 6.33M |
| ChangesInCash | -1.78M | -4.54M |
| FinancingCashFlow | -8.63M | -38.64M |
| CashFlowFromContinuingFinancingActivities | -8.63M | -38.64M |
| NetOtherFinancingCharges | -55.00K | -1.92M |
| ProceedsFromStockOptionExercised | 98.00K | 1.10M |
| CashDividendsPaid | 0.00 | |
| CommonStockDividendPaid | 0.00 | |
| NetIssuancePaymentsOfDebt | -8.67M | -37.82M |
| NetShortTermDebtIssuance | 3.35M | 0.00 |
| NetLongTermDebtIssuance | -12.02M | -37.82M |
| LongTermDebtPayments | -64.02M | -163.78M |
| LongTermDebtIssuance | 51.99M | 125.96M |
| InvestingCashFlow | -898.00K | 11.61M |
| CashFlowFromContinuingInvestingActivities | -898.00K | 11.61M |
| NetOtherInvestingChanges | -1.46M | -1.07M |
| NetBusinessPurchaseAndSale | -215.00K | -5.68M |
| SaleOfBusiness | 4.50M | 0.00 |
| PurchaseOfBusiness | -4.71M | -5.68M |
| NetPPEPurchaseAndSale | 14.16M | 29.28M |
| SaleOfPPE | 14.16M | 29.28M |
| CapitalExpenditureReported | -13.38M | -10.91M |
| OperatingCashFlow | 7.74M | 22.49M |
| CashFlowFromContinuingOperatingActivities | 7.74M | 22.49M |
| ChangeInWorkingCapital | -15.86M | -6.04M |
| ChangeInOtherWorkingCapital | -880.00K | 1.45M |
| ChangeInOtherCurrentLiabilities | -9.61M | -9.74M |
| ChangeInPayablesAndAccruedExpense | 462.00K | 3.83M |
| ChangeInPayable | 462.00K | 3.83M |
| ChangeInAccountPayable | 2.01M | 2.85M |
| ChangeInTaxPayable | -1.54M | 981.00K |
| ChangeInIncomeTaxPayable | -1.54M | 981.00K |
| ChangeInPrepaidAssets | -847.00K | -20.00K |
| ChangeInInventory | -427.00K | -465.00K |
| ChangeInReceivables | -4.57M | -1.10M |
| ChangesInAccountReceivables | -4.37M | -1.10M |
| OtherNonCashItems | 9.81M | 9.76M |
| StockBasedCompensation | 284.00K | 319.00K |
| ProvisionandWriteOffofAssets | -1.27M | -261.00K |
| AssetImpairmentCharge | 14.11M | 0.00 |
| DeferredTax | -280.00K | -1.87M |
| DeferredIncomeTax | -280.00K | -1.87M |
| DepreciationAmortizationDepletion | 12.61M | 12.83M |
| DepreciationAndAmortization | 12.61M | 12.83M |
| OperatingGainsLosses | -8.42M | -33.76M |
| NetIncomeFromContinuingOperations | -3.24M | 41.51M |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for SALM
| Date | User | Broker | Pattern | Type | Position Size | Entry Price | Trade P&L | Status |
|---|