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Saga Communications, Inc (SGA) Fair Value & Analysis

Communication Services · US · Market cap $53.9M

SC Saga Communications, Inc logo Saga Communications, Inc SGA · US
Price$10.04
Fair Value$8.42
Upside-16.1%
Quality41/100
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Mixed Growth
Loss-making · -8.2% net margin
Low debt · generates free cash flow
11.60% dividend yield
Trails peers (4/14)
Narrow moat 9/100
Evidence: Medium Range $7.01 – $9.84 Share as image

Fair value as of: Jul 19, 2026

From 12 valuation models · updated 22 days ago

Share price +12.7% over the past month.

Below-average quality, and screening another 16% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case ($9.84). The favourable scenario is already priced in.
  • Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

$20.05 $8.40 Fair Value $8.42 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range $8.40 – $20.05 · fair‑value band $7.01 – $9.84 · the $10.04 price screens above the $8.42 fair value. Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Saga Communications, Inc (SGA) currently trades at $10.04, while our model-based Fair Value estimate is $8.42, implying the stock looks roughly 16.1% overvalued today. The Quality Score stands at 41/100 (below-average quality), in the Communication Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Saga Communications, Inc generated revenue of $106M at a net margin of -8.2%. Revenue declined 5.6% year over year. It earns a return on equity of -5.6%. The balance sheet holds a net cash position of $17.5M. Fundamentals as of Jul 19, 2026

Our scenario range runs from $7.01 (bear case) to $9.84 (bull case); at $10.04, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 23% below its 52-week high and 22% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 12% fair-value upside, at -16%, SGA screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF $5.60 $6.24 $7.24 80
Rev-Margin DCF $5.75 $7.11 $8.80 74
Gordon GGM $7.04 $7.62 $8.39 70
All 12 models by family
DCF Models
FCF DCF $5.54 $6.22 $7.36 38
5Y Revenue Exit $5.75 $7.03 $8.92 39
5Y EBITDA Exit $6.00 $7.45 $9.41 41
10Y Revenue Exit $5.57 $6.46 $7.44 36
10Y EBITDA Exit $5.76 $6.69 $7.69 37
Dividend Discount
Gordon GGM $7.04 $7.62 $8.39 70
DDM Multi-Stage $7.04 $8.37 $9.87 61
Multiples
EV/EBITDA $7.01 $8.42 $9.84 54
EV/Revenue $6.22 $7.70 $9.19 43
Asset-Based
NCAV (Graham) $11.90 $15.95 $23.80 50
Growth DCF
Growth DCF $5.60 $6.24 $7.24 80
Rev-Margin DCF $5.75 $7.11 $8.80 74

Widest divergence: Asset-Based ($15.95) versus Growth DCF ($6.24). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) $106M
Revenue growth (YoY) -5.6%
Net margin -8.2%
Return on equity -5.6%
Free cash flow $2.4M FY2025
Operating margin -14.4%
More key figures
EPS (TTM) $-1.35
Dividend yield 11.6%
EPS growth (YoY) -56.1%
Net cash $17.5M FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 41/100

Of which business quality 44 · Market factors (momentum, volatility) 43

Profitability 9
Margins and returns on capital today
Quality Growth 13
Are margins and returns improving?
Cashflow 23
Earnings quality: real cash, not paper profit
Fin. Strength 72
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 81
Calm price path (market factor)
Momentum 26
Price trend over the last 3–12 months (market factor)
52W Momentum 28
Distance to the 52-week high (market factor)
Net Issuance 70
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Saga Communications, Inc., a media company, acquires, develops, and operates broadcast properties in the United States. It owns and operates FM and AM radio stations, as well as metro signals.

Full company description

Saga Communications, Inc., a media company, acquires, develops, and operates broadcast properties in the United States. It owns and operates FM and AM radio stations, as well as metro signals. The company's radio stations employ various programming formats, including classic hits, country, classic country, hot/soft/urban adult contemporary, oldies, classic rock, rock, and news/talk. In addition, it engages in broadcast advertising; digital advertising across multiple platforms, such as targeted display advertising, search engine management, search engine optimization, online promotions, advertising on its online news sites and websites and digital audio streams, mobile messaging, email marketing, and other e-commerce; and concerts, promotional events, tower rental, and other miscellaneous activities. Saga Communications, Inc. was incorporated in 1986 and is headquartered in Grosse Pointe Farms, Michigan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Saga Communications, Inc reported revenue of $107M in FY2025 versus $108M in FY2021, a compound −0.3%/yr. Reported net income was −$7.9M in FY2025.

Growth Quality 28/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$107M
Latest YoY
−5.1%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−2.3%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+2.3%
Avg. growth/yr (33Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+3.8%
Revenue −0.3%/yr
FY21 $108M
FY22 $115M
FY23 $113M
FY24 $113M
FY25 $107M
Net income
FY21 $11.2M
FY22 $9.2M
FY23 $9.5M
FY24 $3.5M
FY25 −$7.9M
Character of growth · EPS growth decomposed (2014-2025) −10.3 % p.a.
Revenue per share −2.8 pp

of which total revenue −2.2 pp · buybacks/dilution −0.6 pp

EBIT margin −12.9 pp
Tax rate +2.7 pp
Residual (interest, one-offs) +2.7 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

SGA screens 16% overvalued. Compare with Nexstar Media Group →

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Cite: Fair Value Calculator (2026). "Saga Communications, Inc Fair Value". https://www.fairvalue-calculator.com/stock/SGA

Peer Group

Broadcasting · 69 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 41 · Below median
Fair Value upside −16% · Below median
Return on assets -1% · Below median
Net margin (TTM) -8% · Below median
Operating margin (TTM) -14% · Bottom 25%
Revenue growth -6% · Below median
Dividend yield (TTM) 11.6% · Top 25%
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Broadcasting median · lower = cheaper

P/B 0.36× · Cheaper than 75% of peers
P/S (TTM) 0.51× · Cheaper than median
P/FCF 22.2× · Pricier than 75% of peers
EV/EBITDA 20.2× · Pricier than 75% of peers
PEG 4.31× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 12 · sector 36
FUTURE 0 · sector 0
PAST 0 · sector 3
HEALTH 98 · sector 96
DIVIDEND 100 · sector 47

Insider activity: 30/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Broadcasting stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Nexstar Media Group NXST $183.71 $78.52 -57%
SES S.A SESG €7.46 €15.46 +107%
PT Elang Mahkota Teknologi Tbk, through its subsidiaries, EMTK 505.00 IDR 1,094 IDR +117%
MFE-Mediaforeurope N.V MFEB €3.64 €5.38 +48%
Jiangsu Broadcasting Cable Information Network Corporation 600959 ¥3.07 ¥1.14 -63%
Sun TV Network Limited SUNTV ₹489.20 ₹586.58 +20%
MBC Group 4072 20.06 SAR 19.56 SAR -2%
Beijing Gehua Catv Network Co 600037 ¥7.13 ¥3.64 -49%
PT Surya Citra Media Tbk, SCMA 206.00 IDR 229.91 IDR +12%
Zee Entertainment Enterprises Limited ZEEL ₹92.61 ₹53.22 -43%

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Frequently asked questions

Is Saga Communications, Inc (SGA) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of $8.42 versus a price of $10.04, about −16% (overvalued).
What is the fair value of SGA?
Our model-based fair value for Saga Communications, Inc is $8.42 (as of Jul 19, 2026), built from audited fundamentals. The current price is $10.04.
What is the quality score of SGA?
Saga Communications, Inc has a Quality Score of 41/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Saga Communications, Inc (SGA)?
Saga Communications, Inc reported trailing-twelve-month revenue of about $106M (latest available figure, as of Jul 19, 2026).
What is the net profit margin of SGA?
The net profit margin of Saga Communications, Inc is about -8.2%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Saga Communications, Inc pay a dividend?
Saga Communications, Inc currently shows a dividend yield of about 11.60% relative to its recent price (as of Jul 19, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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