Symbols / SALM $0.96 +1.05% Salem Media Group, Inc.

Communication Services • Broadcasting • United States • OQX
SALM Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Communication Services
Industry Broadcasting
CEO Mr. David P. Santrella
Exch · Country OQX · United States
Market Cap 30.42M
Enterprise Value —
Income -30.05M
Sales 206.88M
FCF (ttm) 63.38M
Book/sh 5.52
Cash/sh —
Employees —
Insider 10d —
IPO Jul 01, 1999
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E -96.00
PEG —
P/S 0.15
P/B 0.17
P/C —
EV/EBITDA —
EV/Sales —
Quick Ratio 0.59
Current Ratio 0.71
Debt/Eq 30.23
LT Debt/Eq —
EPS (ttm) -0.95
EPS next Y -0.01
EPS Growth —
Revenue Growth -11.20%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2023-11-13
Earnings (prior) 2023-11-13
ROA -2.29%
ROE -16.84%
ROIC —
Gross Margin 100.00%
Oper. Margin -7.28%
Profit Margin -14.52%
Shs Outstand 26.13M
Shs Float 26.13M
Insider Own 0.00%
Instit Own 1.82%
Short Float 2.52%
Short Ratio 0.76
Short Interest 104.07K
52W High 1.01
vs 52W High -4.95%
52W Low 0.36
vs 52W Low 166.67%
Beta -0.04
Impl. Vol. —
Rel Volume 0.31
Avg Volume 110.64K
Volume 34.34K
Target (mean) —
Tgt Median —
Tgt Low —
Tgt High —
# Analysts —
Recom None
Prev Close $0.95
Price $0.96
Change 1.05%
About

Salem Media Group, Inc. operates as a multimedia company in the United States. The company owns and operates radio stations. Its digital media business provides Christian, conservative, investing, retirement, e-commerce, audio and video streaming, and other resources digitally through the web, as well as through mobile applications. 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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
—
Mean price target
2. Current target
$0.96
Latest analyst target
3. DCF / Fair value
$43.66
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$0.96
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
News
RSS: Latest SALM news
Insider Transactions

No recent insider transactions.

Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31
Total Revenue
212.69
-10.47%
237.56
-8.15%
258.65
Operating Revenue
212.69
-10.47%
237.56
-8.15%
258.65
Cost Of Revenue
—
—
228.75
Reconciled Cost Of Revenue
—
—
228.75
Gross Profit
—
—
29.90
Operating Expense
230.27
-5.50%
243.66
+649.48%
32.51
Selling General And Administration
201.23
-5.71%
213.42
—
General And Administrative Expense
—
—
—
Other Gand A
—
—
—
Other Operating Expenses
18.08
-1.08%
18.28
-3.17%
18.88
Total Expenses
230.27
-5.50%
243.66
-6.74%
261.26
Operating Income
-17.58
-187.98%
-6.10
-133.96%
-2.61
Total Operating Income As Reported
-39.70
-627.54%
-5.46
+88.22%
-46.31
EBITDA
-30.32
-186.08%
35.22
+207.45%
-32.78
Normalized EBITDA
-8.40
-242.03%
5.92
-46.77%
11.12
Reconciled Depreciation
10.96
-8.43%
11.96
-12.25%
13.63
EBIT
-41.27
-277.48%
23.25
+150.10%
-46.41
Total Unusual Items
-21.91
-174.78%
29.30
+166.76%
-43.89
Total Unusual Items Excluding Goodwill
-21.91
-174.78%
29.30
+166.76%
-43.89
Special Income Charges
-21.91
-174.78%
29.30
+166.76%
-43.89
Other Special Charges
-0.21
+99.26%
-28.66
-14871.13%
0.19
Impairment Of Capital Assets
25.21
+469.42%
4.43
-90.00%
44.30
Restructuring And Mergern Acquisition
4.05
+15092.59%
-0.03
-103.87%
0.70
Write Off
—
—
—
Net Income
-34.61
-313.92%
16.18
+137.35%
-43.31
Pretax Income
-42.78
-612.20%
8.35
+113.76%
-60.70
Net Non Operating Interest Income Expense
-1.39
+90.66%
-14.87
-4.53%
-14.22
Interest Expense Non Operating
1.51
-89.85%
14.90
+4.33%
14.28
Net Interest Income
-1.39
+90.66%
-14.87
-4.53%
-14.22
Interest Expense
1.51
-89.85%
14.90
+4.33%
14.28
Interest Income Non Operating
0.12
+251.43%
0.04
-41.67%
0.06
Interest Income
0.12
+251.43%
0.04
-41.67%
0.06
Other Income Expense
-23.82
-181.22%
29.32
+166.85%
-43.86
Other Non Operating Income Expenses
-1.91
-9171.43%
0.02
-19.23%
0.03
Tax Provision
-8.17
-4.45%
-7.83
+54.98%
-17.38
Tax Rate For Calcs
0.00
-9.05%
0.00
-26.57%
0.00
Tax Effect Of Unusual Items
-4.19
-168.01%
6.15
+149.02%
-12.55
Net Income Including Noncontrolling Interests
-34.61
-313.92%
16.18
+137.35%
-43.31
Net Income From Continuing Operation Net Minority Interest
-34.61
-313.92%
16.18
+137.35%
-43.31
Net Income From Continuing And Discontinued Operation
-34.61
-313.92%
16.18
+137.35%
-43.31
Net Income Continuous Operations
-34.61
-313.92%
16.18
+137.35%
-43.31
Normalized Income
-16.88
-142.21%
-6.97
+41.78%
-11.97
Net Income Common Stockholders
-34.61
-313.92%
16.18
+137.35%
-43.31
Diluted EPS
-1.11
-291.38%
0.58
+136.48%
-1.59
Basic EPS
-1.11
-288.14%
0.59
+137.11%
-1.59
Basic Average Shares
31.16
+14.49%
27.22
+0.00%
27.22
Diluted Average Shares
31.16
+11.85%
27.86
+2.36%
27.22
Diluted NI Availto Com Stockholders
-34.61
-313.92%
16.18
+137.35%
-43.31
Amortization
—
—
2.23
Amortization Of Intangibles Income Statement
—
—
2.23
Depreciation Amortization Depletion Income Statement
10.96
-8.43%
11.96
-12.25%
13.63
Depreciation And Amortization In Income Statement
10.96
-8.43%
11.96
-12.25%
13.63
Depreciation Income Statement
—
—
11.40
Earnings From Equity Interest
—
—
0.00
Gain On Sale Of PPE
7.14
+41.40%
5.05
+289.81%
1.29
Line Item Trend 2025-12-31 2022-12-31 2021-12-31
Total Assets
315.53
-37.53%
505.12
—
Current Assets
34.24
-24.00%
45.06
—
Cash Cash Equivalents And Short Term Investments
2.41
0.00
—
Cash And Cash Equivalents
2.41
0.00
—
Receivables
27.46
-23.00%
35.66
—
Accounts Receivable
21.49
-30.12%
30.76
—
Gross Accounts Receivable
28.28
-26.93%
38.70
—
Allowance For Doubtful Accounts Receivable
-6.78
+14.55%
-7.94
—
Receivables Adjustments Allowances
—
-0.59
-28.79%
-0.46
Other Receivables
5.96
+26.73%
4.71
—
Taxes Receivable
—
0.20
0.00
Inventory
—
1.51
+57.60%
0.96
Finished Goods
—
1.51
+57.60%
0.96
Prepaid Assets
4.37
-42.59%
7.62
—
Restricted Cash
—
0.00
—
Assets Held For Sale Current
0.00
-100.00%
0.27
—
Total Non Current Assets
281.29
-38.86%
460.06
—
Net PPE
96.82
-22.56%
125.03
—
Gross PPE
273.89
-13.51%
316.67
—
Accumulated Depreciation
-177.07
+7.60%
-191.64
—
Properties
0.00
0.00
—
Land And Improvements
23.06
-14.80%
27.07
—
Buildings And Improvements
14.17
-50.33%
28.52
—
Machinery Furniture Equipment
68.46
-15.58%
81.10
—
Construction In Progress
4.75
-52.03%
9.89
—
Other Properties
143.81
-4.73%
150.95
—
Leases
19.65
+2.70%
19.13
—
Goodwill And Other Intangible Assets
178.14
-46.02%
330.01
—
Goodwill
23.34
-3.11%
24.09
—
Other Intangible Assets
154.81
-49.40%
305.92
—
Non Current Deferred Assets
0.64
-5.58%
0.68
—
Other Non Current Assets
5.69
+66.06%
3.42
—
Total Liabilities Net Minority Interest
137.85
-58.20%
329.76
—
Current Liabilities
43.20
-33.15%
64.61
—
Payables And Accrued Expenses
21.73
-38.41%
35.28
—
Payables
21.63
-37.01%
34.33
—
Accounts Payable
21.63
-37.01%
34.33
—
Current Accrued Expenses
0.10
-89.25%
0.95
—
Pensionand Other Post Retirement Benefit Plans Current
—
10.30
-21.11%
13.05
Total Tax Payable
0.00
0.00
-100.00%
1.54
Income Tax Payable
0.00
0.00
-100.00%
1.54
Current Debt And Capital Lease Obligation
8.20
-52.61%
17.31
—
Current Debt
—
8.96
—
Other Current Borrowings
—
8.96
—
Current Capital Lease Obligation
8.20
-1.76%
8.35
—
Current Deferred Liabilities
13.27
+10.33%
12.02
—
Current Deferred Revenue
13.27
+10.33%
12.02
—
Total Non Current Liabilities Net Minority Interest
94.66
-64.30%
265.15
—
Long Term Debt And Capital Lease Obligation
48.05
-75.08%
192.81
—
Long Term Debt
10.56
-92.98%
150.37
—
Long Term Capital Lease Obligation
37.50
-11.66%
42.45
—
Non Current Deferred Liabilities
43.99
-39.14%
72.28
—
Non Current Deferred Revenue
10.38
+87.21%
5.54
—
Non Current Deferred Taxes Liabilities
30.23
-54.71%
66.73
—
Other Non Current Liabilities
2.62
+3862.12%
0.07
—
Stockholders Equity
177.68
+1.32%
175.36
—
Common Stock Equity
177.68
+1.32%
175.36
—
Capital Stock
0.34
+18.40%
0.29
—
Common Stock
0.34
+18.40%
0.29
—
Preferred Stock
0.00
—
—
Share Issued
34.08
+15.38%
29.53
—
Ordinary Shares Number
31.76
+16.69%
27.22
—
Treasury Shares Number
2.32
+0.00%
2.32
+0.00%
2.32
Additional Paid In Capital
314.53
+26.41%
248.82
—
Retained Earnings
-103.19
-159.62%
-39.74
—
Treasury Stock
34.01
+0.00%
34.01
—
Total Equity Gross Minority Interest
177.68
+1.32%
175.36
—
Total Capitalization
188.24
-42.21%
325.72
—
Working Capital
-8.95
+54.21%
-19.55
—
Invested Capital
188.24
-43.76%
334.68
—
Total Debt
56.26
—
—
Net Debt
8.15
-94.89%
159.32
—
Capital Lease Obligations
45.70
-10.03%
50.79
—
Net Tangible Assets
-0.46
+99.70%
-154.65
—
Tangible Book Value
-0.46
+99.70%
-154.65
—
Current Notes Payable
0.00
—
—
Interest Payable
0.10
-89.25%
0.95
—
Line Of Credit
0.00
—
—
Non Current Note Receivables
0.00
-99.57%
0.92
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-5.74
+45.32%
-10.49
-160.83%
-4.02
-151.96%
7.74
Cash Flow From Continuing Operating Activities
-5.74
+45.32%
-10.49
-160.83%
-4.02
-151.96%
7.74
Net Income From Continuing Operations
-34.61
-313.92%
16.18
+137.35%
-43.31
-1238.44%
-3.24
Depreciation Amortization Depletion
10.96
-8.43%
11.96
-12.25%
13.63
+8.12%
12.61
Depreciation
—
—
11.40
+0.54%
11.34
Amortization Cash Flow
—
—
2.23
+75.71%
1.27
Depreciation And Amortization
10.96
-8.43%
11.96
-12.25%
13.63
+8.12%
12.61
Amortization Of Intangibles
—
—
2.23
+75.71%
1.27
Other Non Cash Items
9.91
-13.02%
11.39
-1.81%
11.60
+18.27%
9.81
Stock Based Compensation
0.56
+41.46%
0.40
-14.04%
0.46
+63.03%
0.28
Provisionand Write Offof Assets
-1.86
-120.45%
-0.85
+60.85%
-2.16
-70.16%
-1.27
Asset Impairment Charge
25.21
+469.42%
4.43
-90.00%
44.30
+213.90%
14.11
Deferred Tax
-10.78
-29.09%
-8.35
+51.98%
-17.38
-6108.57%
-0.28
Deferred Income Tax
-10.78
-29.09%
-8.35
+51.98%
-17.38
-6108.57%
-0.28
Operating Gains Losses
-7.35
+78.19%
-33.70
-2961.22%
-1.10
+86.93%
-8.42
Change In Working Capital
2.22
+118.58%
-11.96
-18.85%
-10.06
+36.58%
-15.86
Change In Receivables
5.97
+74.15%
3.43
+22.96%
2.79
+161.05%
-4.57
Changes In Account Receivables
6.60
+110.53%
3.13
+8.63%
2.88
+166.02%
-4.37
Change In Inventory
—
—
0.30
+169.79%
-0.43
Change In Prepaid Assets
-0.57
-188.00%
0.65
+149.17%
-1.32
-56.08%
-0.85
Change In Payables And Accrued Expense
-1.05
+82.65%
-6.06
-928.86%
0.73
+58.23%
0.46
Change In Payable
-1.05
+82.65%
-6.06
-928.86%
0.73
+58.23%
0.46
Change In Account Payable
-0.94
+84.78%
-6.17
-944.19%
0.73
-63.56%
2.01
Change In Other Working Capital
6.70
+964.99%
-0.77
+73.63%
-2.94
-233.52%
-0.88
Change In Other Current Liabilities
-8.82
+4.15%
-9.20
+4.36%
-9.62
-0.14%
-9.61
Investing Cash Flow
76.64
-11.28%
86.38
+26196.07%
-0.33
+63.14%
-0.90
Cash Flow From Continuing Investing Activities
76.64
-11.28%
86.38
+26196.07%
-0.33
+63.14%
-0.90
Net PPE Purchase And Sale
85.37
+259.51%
23.75
+53.14%
15.51
+9.52%
14.16
Sale Of PPE
85.37
+259.51%
23.75
+53.14%
15.51
+9.52%
14.16
Capital Expenditure
-6.14
-3.11%
-5.96
+34.48%
-9.09
+32.04%
-13.38
Capital Expenditure Reported
-6.14
-3.11%
-5.96
+34.48%
-9.09
+32.04%
-13.38
Net Investment Purchase And Sale
-3.50
0.00
—
—
Purchase Of Investment
-3.50
0.00
—
—
Net Business Purchase And Sale
1.32
0.00
+100.00%
-1.52
-609.30%
-0.21
Purchase Of Business
—
—
-1.52
+67.66%
-4.71
Net Other Investing Changes
-0.41
-100.60%
68.59
+1414.22%
-5.22
-257.47%
-1.46
Financing Cash Flow
-68.49
+10.08%
-76.17
-1849.40%
4.35
+150.46%
-8.63
Cash Flow From Continuing Financing Activities
-68.49
+10.08%
-76.17
-1849.40%
4.35
+150.46%
-8.63
Net Issuance Payments Of Debt
-68.04
+8.77%
-74.58
-813.22%
10.46
+220.58%
-8.67
Issuance Of Debt
137.63
-45.64%
253.20
-9.55%
279.93
+438.37%
51.99
Repayment Of Debt
-205.68
+37.25%
-327.78
-23.05%
-266.39
-316.13%
-64.02
Long Term Debt Issuance
137.63
-45.42%
252.16
-9.92%
279.93
+438.37%
51.99
Long Term Debt Payments
-204.36
+37.65%
-327.78
-23.05%
-266.39
-316.13%
-64.02
Net Long Term Debt Issuance
-66.73
+11.76%
-75.63
-658.62%
13.54
+212.62%
-12.02
Short Term Debt Issuance
—
1.04
—
—
Short Term Debt Payments
-1.31
—
—
—
Net Short Term Debt Issuance
-1.31
-225.65%
1.04
+133.92%
-3.08
—
Common Stock Dividend Paid
—
—
—
—
Cash Dividends Paid
—
—
—
—
Proceeds From Stock Option Exercised
—
—
0.00
-100.00%
0.10
Net Other Financing Charges
-0.45
+71.91%
-1.59
+73.98%
-6.10
-10996.36%
-0.06
Changes In Cash
2.41
+948.94%
-0.28
—
-1.78
Beginning Cash Position
0.00
-100.00%
0.28
0.00
-100.00%
1.78
End Cash Position
2.41
0.00
0.00
0.00
Free Cash Flow
-11.88
+27.78%
-16.45
-25.42%
-13.12
-132.57%
-5.64
Interest Paid Supplemental Data
0.87
-88.12%
7.30
-41.19%
12.41
+4.71%
11.85
Income Tax Paid Supplemental Data
3.50
+2920.69%
0.12
+17.17%
0.10
-93.91%
1.63
Change In Income Tax Payable
-0.11
-200.00%
0.11
0.00
+100.00%
-1.54
Change In Tax Payable
-0.11
-200.00%
0.11
0.00
+100.00%
-1.54
Sale Of Business
1.32
0.00
0.00
-100.00%
4.50
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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