Intrinsic value of Beasley Broadcast Group Cl A - BBGI

Previous Close

$9.00

  Intrinsic Value

$1.81

stock screener

  Rating & Target

str. sell

-80%

  Value-price divergence*

-100%

Previous close

$9.00

 
Intrinsic value

$1.81

 
Up/down potential

-80%

 
Rating

str. sell

 
Value-price divergence*

-100%

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of BBGI stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 0.2

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  29.25
  60.00
  54.50
  49.55
  45.10
  41.09
  37.48
  34.23
  31.31
  28.68
  26.31
  24.18
  22.26
  20.53
  18.98
  17.58
  16.32
  15.19
  14.17
  13.26
  12.43
  11.69
  11.02
  10.42
  9.87
  9.39
  8.95
  8.55
  8.20
  7.88
  7.59
Revenue, $m
  137
  219
  339
  506
  735
  1,037
  1,425
  1,913
  2,512
  3,233
  4,083
  5,070
  6,199
  7,472
  8,890
  10,453
  12,159
  14,006
  15,991
  18,111
  20,362
  22,742
  25,247
  27,877
  30,630
  33,505
  36,503
  39,626
  42,874
  46,252
  49,763
Variable operating expenses, $m
 
  192
  296
  443
  642
  906
  1,246
  1,672
  2,195
  2,825
  3,568
  4,430
  5,417
  6,529
  7,768
  9,134
  10,625
  12,239
  13,973
  15,826
  17,793
  19,872
  22,061
  24,359
  26,765
  29,277
  31,897
  34,625
  37,464
  40,416
  43,484
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  75
  192
  296
  443
  642
  906
  1,246
  1,672
  2,195
  2,825
  3,568
  4,430
  5,417
  6,529
  7,768
  9,134
  10,625
  12,239
  13,973
  15,826
  17,793
  19,872
  22,061
  24,359
  26,765
  29,277
  31,897
  34,625
  37,464
  40,416
  43,484
Operating income, $m
  62
  27
  42
  64
  92
  131
  180
  241
  317
  408
  515
  640
  782
  943
  1,122
  1,319
  1,534
  1,767
  2,018
  2,285
  2,569
  2,870
  3,186
  3,518
  3,865
  4,228
  4,606
  5,000
  5,410
  5,837
  6,280
EBITDA, $m
  68
  49
  76
  113
  164
  232
  318
  427
  561
  722
  912
  1,133
  1,385
  1,669
  1,986
  2,335
  2,716
  3,129
  3,572
  4,046
  4,549
  5,080
  5,640
  6,227
  6,842
  7,485
  8,155
  8,852
  9,578
  10,332
  11,117
Interest expense (income), $m
  6
  9
  18
  32
  52
  78
  113
  158
  215
  284
  368
  466
  581
  712
  860
  1,024
  1,205
  1,403
  1,618
  1,848
  2,094
  2,355
  2,631
  2,922
  3,227
  3,546
  3,880
  4,228
  4,590
  4,967
  5,358
Earnings before tax, $m
  56
  19
  24
  32
  41
  52
  66
  83
  102
  123
  147
  173
  201
  231
  262
  295
  329
  364
  400
  437
  476
  515
  555
  596
  638
  682
  727
  773
  821
  870
  921
Tax expense, $m
  9
  5
  7
  9
  11
  14
  18
  22
  28
  33
  40
  47
  54
  62
  71
  80
  89
  98
  108
  118
  128
  139
  150
  161
  172
  184
  196
  209
  222
  235
  249
Net income, $m
  47
  14
  18
  23
  30
  38
  49
  61
  74
  90
  107
  127
  147
  169
  191
  215
  240
  266
  292
  319
  347
  376
  405
  435
  466
  498
  530
  564
  599
  635
  672

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  20
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  662
  1,029
  1,590
  2,378
  3,450
  4,868
  6,692
  8,982
  11,794
  15,176
  19,169
  23,804
  29,102
  35,078
  41,736
  49,074
  57,085
  65,757
  75,076
  85,028
  95,596
  106,769
  118,532
  130,879
  143,803
  157,302
  171,378
  186,037
  201,289
  217,147
  233,630
Adjusted assets (=assets-cash), $m
  642
  1,029
  1,590
  2,378
  3,450
  4,868
  6,692
  8,982
  11,794
  15,176
  19,169
  23,804
  29,102
  35,078
  41,736
  49,074
  57,085
  65,757
  75,076
  85,028
  95,596
  106,769
  118,532
  130,879
  143,803
  157,302
  171,378
  186,037
  201,289
  217,147
  233,630
Revenue / Adjusted assets
  0.213
  0.213
  0.213
  0.213
  0.213
  0.213
  0.213
  0.213
  0.213
  0.213
  0.213
  0.213
  0.213
  0.213
  0.213
  0.213
  0.213
  0.213
  0.213
  0.213
  0.213
  0.213
  0.213
  0.213
  0.213
  0.213
  0.213
  0.213
  0.213
  0.213
  0.213
Average production assets, $m
  400
  639
  988
  1,477
  2,143
  3,023
  4,156
  5,579
  7,326
  9,426
  11,906
  14,785
  18,076
  21,787
  25,922
  30,480
  35,456
  40,842
  46,630
  52,811
  59,376
  66,315
  73,621
  81,290
  89,317
  97,701
  106,444
  115,549
  125,022
  134,872
  145,109
Working capital, $m
  69
  90
  139
  207
  301
  424
  583
  783
  1,027
  1,322
  1,670
  2,074
  2,535
  3,056
  3,636
  4,275
  4,973
  5,729
  6,540
  7,407
  8,328
  9,301
  10,326
  11,402
  12,528
  13,704
  14,930
  16,207
  17,536
  18,917
  20,353
Total debt, $m
  254
  521
  917
  1,473
  2,230
  3,230
  4,518
  6,136
  8,121
  10,509
  13,327
  16,599
  20,340
  24,559
  29,260
  34,440
  40,096
  46,218
  52,798
  59,824
  67,285
  75,173
  83,478
  92,195
  101,319
  110,849
  120,787
  131,136
  141,904
  153,100
  164,736
Total liabilities, $m
  459
  727
  1,123
  1,679
  2,436
  3,436
  4,724
  6,342
  8,327
  10,715
  13,533
  16,805
  20,546
  24,765
  29,466
  34,646
  40,302
  46,424
  53,004
  60,030
  67,491
  75,379
  83,684
  92,401
  101,525
  111,055
  120,993
  131,342
  142,110
  153,306
  164,942
Total equity, $m
  202
  303
  467
  699
  1,014
  1,431
  1,967
  2,641
  3,468
  4,462
  5,636
  6,998
  8,556
  10,313
  12,270
  14,428
  16,783
  19,333
  22,072
  24,998
  28,105
  31,390
  34,849
  38,478
  42,278
  46,247
  50,385
  54,695
  59,179
  63,841
  68,687
Total liabilities and equity, $m
  661
  1,030
  1,590
  2,378
  3,450
  4,867
  6,691
  8,983
  11,795
  15,177
  19,169
  23,803
  29,102
  35,078
  41,736
  49,074
  57,085
  65,757
  75,076
  85,028
  95,596
  106,769
  118,533
  130,879
  143,803
  157,302
  171,378
  186,037
  201,289
  217,147
  233,629
Debt-to-equity ratio
  1.257
  1.720
  1.960
  2.110
  2.200
  2.260
  2.300
  2.320
  2.340
  2.360
  2.360
  2.370
  2.380
  2.380
  2.380
  2.390
  2.390
  2.390
  2.390
  2.390
  2.390
  2.390
  2.400
  2.400
  2.400
  2.400
  2.400
  2.400
  2.400
  2.400
  2.400
Adjusted equity ratio
  0.283
  0.294
  0.294
  0.294
  0.294
  0.294
  0.294
  0.294
  0.294
  0.294
  0.294
  0.294
  0.294
  0.294
  0.294
  0.294
  0.294
  0.294
  0.294
  0.294
  0.294
  0.294
  0.294
  0.294
  0.294
  0.294
  0.294
  0.294
  0.294
  0.294
  0.294

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  47
  14
  18
  23
  30
  38
  49
  61
  74
  90
  107
  127
  147
  169
  191
  215
  240
  266
  292
  319
  347
  376
  405
  435
  466
  498
  530
  564
  599
  635
  672
Depreciation, amort., depletion, $m
  6
  22
  33
  50
  72
  101
  139
  186
  244
  315
  397
  493
  603
  726
  864
  1,016
  1,182
  1,361
  1,554
  1,760
  1,979
  2,210
  2,454
  2,710
  2,977
  3,257
  3,548
  3,852
  4,167
  4,496
  4,837
Funds from operations, $m
  16
  35
  51
  73
  102
  139
  187
  247
  319
  405
  505
  619
  749
  895
  1,056
  1,231
  1,422
  1,627
  1,847
  2,080
  2,326
  2,586
  2,859
  3,145
  3,443
  3,754
  4,079
  4,416
  4,766
  5,131
  5,509
Change in working capital, $m
  -1
  34
  49
  69
  93
  123
  159
  200
  245
  295
  348
  404
  462
  521
  580
  639
  698
  755
  812
  867
  921
  973
  1,025
  1,076
  1,126
  1,176
  1,226
  1,277
  1,329
  1,382
  1,436
Cash from operations, $m
  17
  2
  2
  4
  8
  16
  28
  47
  74
  110
  157
  216
  288
  374
  475
  592
  724
  872
  1,035
  1,213
  1,406
  1,613
  1,834
  2,069
  2,317
  2,578
  2,852
  3,139
  3,438
  3,749
  4,073
Maintenance CAPEX, $m
  0
  -13
  -21
  -33
  -49
  -71
  -101
  -139
  -186
  -244
  -314
  -397
  -493
  -603
  -726
  -864
  -1,016
  -1,182
  -1,361
  -1,554
  -1,760
  -1,979
  -2,210
  -2,454
  -2,710
  -2,977
  -3,257
  -3,548
  -3,852
  -4,167
  -4,496
New CAPEX, $m
  -3
  -240
  -348
  -489
  -666
  -880
  -1,133
  -1,423
  -1,747
  -2,101
  -2,480
  -2,879
  -3,291
  -3,712
  -4,135
  -4,558
  -4,976
  -5,386
  -5,788
  -6,181
  -6,564
  -6,939
  -7,307
  -7,669
  -8,027
  -8,384
  -8,743
  -9,105
  -9,473
  -9,850
  -10,238
Cash from investing activities, $m
  -90
  -253
  -369
  -522
  -715
  -951
  -1,234
  -1,562
  -1,933
  -2,345
  -2,794
  -3,276
  -3,784
  -4,315
  -4,861
  -5,422
  -5,992
  -6,568
  -7,149
  -7,735
  -8,324
  -8,918
  -9,517
  -10,123
  -10,737
  -11,361
  -12,000
  -12,653
  -13,325
  -14,017
  -14,734
Free cash flow, $m
  -73
  -251
  -368
  -518
  -707
  -936
  -1,205
  -1,514
  -1,859
  -2,235
  -2,637
  -3,060
  -3,496
  -3,940
  -4,386
  -4,830
  -5,267
  -5,696
  -6,115
  -6,523
  -6,919
  -7,305
  -7,683
  -8,053
  -8,419
  -8,783
  -9,147
  -9,514
  -9,887
  -10,268
  -10,660
Issuance/(repayment) of debt, $m
  97
  274
  396
  556
  757
  1,001
  1,288
  1,617
  1,985
  2,388
  2,819
  3,272
  3,741
  4,219
  4,700
  5,181
  5,656
  6,123
  6,579
  7,026
  7,461
  7,887
  8,305
  8,717
  9,124
  9,530
  9,938
  10,349
  10,768
  11,196
  11,637
Issuance/(repurchase) of shares, $m
  0
  100
  147
  209
  285
  378
  488
  613
  752
  904
  1,066
  1,236
  1,411
  1,588
  1,766
  1,942
  2,115
  2,284
  2,448
  2,606
  2,760
  2,909
  3,053
  3,195
  3,334
  3,471
  3,608
  3,746
  3,885
  4,027
  4,174
Cash from financing (excl. dividends), $m  
  82
  374
  543
  765
  1,042
  1,379
  1,776
  2,230
  2,737
  3,292
  3,885
  4,508
  5,152
  5,807
  6,466
  7,123
  7,771
  8,407
  9,027
  9,632
  10,221
  10,796
  11,358
  11,912
  12,458
  13,001
  13,546
  14,095
  14,653
  15,223
  15,811
Total cash flow (excl. dividends), $m
  10
  122
  176
  246
  335
  443
  570
  716
  879
  1,057
  1,248
  1,448
  1,656
  1,867
  2,080
  2,293
  2,503
  2,710
  2,912
  3,110
  3,302
  3,491
  3,676
  3,858
  4,038
  4,218
  4,398
  4,581
  4,766
  4,955
  5,150
Retained Cash Flow (-), $m
  -68
  -114
  -165
  -232
  -315
  -417
  -536
  -673
  -827
  -994
  -1,174
  -1,363
  -1,558
  -1,757
  -1,957
  -2,157
  -2,355
  -2,550
  -2,740
  -2,926
  -3,107
  -3,285
  -3,459
  -3,630
  -3,800
  -3,969
  -4,138
  -4,310
  -4,484
  -4,662
  -4,846
Prev. year cash balance distribution, $m
 
  13
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  22
  11
  15
  20
  26
  34
  43
  52
  63
  74
  86
  98
  110
  123
  136
  148
  160
  172
  184
  195
  206
  217
  228
  239
  249
  260
  271
  282
  293
  305
Discount rate, %
 
  9.20
  9.66
  10.14
  10.65
  11.18
  11.74
  12.33
  12.95
  13.59
  14.27
  14.99
  15.74
  16.52
  17.35
  18.22
  19.13
  20.08
  21.09
  22.14
  23.25
  24.41
  25.63
  26.91
  28.26
  29.67
  31.15
  32.71
  34.35
  36.07
  37.87
PV of cash for distribution, $m
 
  20
  9
  11
  13
  16
  17
  19
  20
  20
  20
  18
  17
  15
  13
  11
  9
  7
  5
  4
  3
  2
  1
  1
  1
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  69.9
  50.0
  36.7
  27.5
  21.1
  16.5
  13.2
  10.7
  8.8
  7.4
  6.3
  5.4
  4.7
  4.1
  3.6
  3.2
  2.9
  2.6
  2.4
  2.2
  2.0
  1.9
  1.8
  1.6
  1.5
  1.4
  1.4
  1.3
  1.2
  1.2

Beasley Broadcast Group, Inc., a radio broadcasting company, operates radio stations primarily in the United States. The company owns and operates 69 stations, including 50 FM and 19 AM stations located in 16 large- and mid-size markets. Beasley Broadcast Group, Inc. was founded in 1961 and is headquartered in Naples, Florida.

FINANCIAL RATIOS  of  Beasley Broadcast Group Cl A (BBGI)

Valuation Ratios
P/E Ratio 5.5
Price to Sales 1.9
Price to Book 1.3
Price to Tangible Book
Price to Cash Flow 15.3
Price to Free Cash Flow 18.5
Growth Rates
Sales Growth Rate 29.2%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 0%
Cap. Spend. - 3 Yr. Gr. Rate -15.6%
Financial Strength
Quick Ratio 3
Current Ratio 0.6
LT Debt to Equity 122.3%
Total Debt to Equity 125.7%
Interest Coverage 10
Management Effectiveness
Return On Assets 10.7%
Ret/ On Assets - 3 Yr. Avg. 9.5%
Return On Total Capital 13.9%
Ret/ On T. Cap. - 3 Yr. Avg. 11.7%
Return On Equity 28%
Return On Equity - 3 Yr. Avg. 22.7%
Asset Turnover 0.3
Profitability Ratios
Gross Margin 29.2%
Gross Margin - 3 Yr. Avg. 29.3%
EBITDA Margin 49.6%
EBITDA Margin - 3 Yr. Avg. 26.7%
Operating Margin 45.3%
Oper. Margin - 3 Yr. Avg. 22.6%
Pre-Tax Margin 40.9%
Pre-Tax Margin - 3 Yr. Avg. 17.3%
Net Profit Margin 34.3%
Net Profit Margin - 3 Yr. Avg. 35.9%
Effective Tax Rate 16.1%
Eff/ Tax Rate - 3 Yr. Avg. 18.7%
Payout Ratio 8.5%

BBGI stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the BBGI stock intrinsic value calculation we used $137 million for the last fiscal year's total revenue generated by Beasley Broadcast Group Cl A. The default revenue input number comes from 2016 income statement of Beasley Broadcast Group Cl A. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our BBGI stock valuation model: a) initial revenue growth rate of 60% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 9.2%, whose default value for BBGI is calculated based on our internal credit rating of Beasley Broadcast Group Cl A, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Beasley Broadcast Group Cl A.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of BBGI stock the variable cost ratio is equal to 87.6%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for BBGI stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for Beasley Broadcast Group Cl A.

Corporate tax rate of 27% is the nominal tax rate for Beasley Broadcast Group Cl A. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the BBGI stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for BBGI are equal to 291.6%.

Life of production assets of 67.3 years is the average useful life of capital assets used in Beasley Broadcast Group Cl A operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for BBGI is equal to 40.9%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $202 million for Beasley Broadcast Group Cl A - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 27.524 million for Beasley Broadcast Group Cl A is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Beasley Broadcast Group Cl A at the current share price and the inputted number of shares is $0.2 billion.

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COMPANY NEWS

▶ REPEAT/Gabelli & Companys Broadcasting Symposium   [Aug-02-17 07:00AM  Business Wire]
▶ Beasley posts 2Q profit   [Jul-31-17 10:16PM  Associated Press]
▶ Gabelli & Companys Broadcasting Symposium   [Jul-20-17 07:00AM  Business Wire]
▶ Beasley posts 1Q profit   [May-03-17 05:02AM  Associated Press]
▶ Beasley posts 4Q profit   [07:19AM  Associated Press]
▶ Bubba the Love Sponge ousted from Tampa station   [Dec-12-16 12:08PM  at bizjournals.com]
▶ Beasley Broadcast Group to Acquire Greater Media, Inc.   [Jul-19-16 05:40PM  GlobeNewswire]
▶ *** DATA NOT AVAILABLE ***   [Mar-25-16 12:44PM  at noodls]
▶ CFO Moves: Beasley Broadcast, OrganiGram, Computer Sciences   [Mar-18-16 06:21PM  at The Wall Street Journal]
▶ Judge denies Bubba's request to dismiss Nielsen lawsuit   [Feb-22-16 02:45PM  at bizjournals.com]
Stock chart of BBGI Financial statements of BBGI
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

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