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Southern Cross Media Group (SXL) Fair Value & Analysis

Communication Services · AU · Market cap A$261M

SC Southern Cross Media Group SXL · AU
PriceA$0.5450
Fair ValueA$0.4200
Upside-22.9%
Quality61/100
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Mixed Growth
Loss-making · -0.3% net margin
Low debt · generates free cash flow
7.34% dividend yield
Ranks above peers (12/15)
Narrow moat 29/100
Evidence: High Range A$0.2800 – A$0.5300 Share as image

Fair value as of: Jul 12, 2026

From 22 valuation models · updated 29 days ago

A solid business, but screening 23% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (A$0.5300). The favourable scenario is already priced in.
  • Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (A$0.2800 to A$0.5300) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

A$1.94 A$0.4378 Fair Value A$0.4200 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range A$0.4378 – A$1.94 · fair‑value band A$0.2800 – A$0.5300 · the A$0.5450 price screens above the A$0.4200 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Southern Cross Media Group (SXL) currently trades at A$0.5450, while our model-based Fair Value estimate is A$0.4200, implying the stock looks roughly 22.9% overvalued today. The Quality Score stands at 61/100 (solid 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: high).

Over the trailing twelve months, Southern Cross Media Group generated revenue of A$467M at a net margin of -0.3%. Revenue grew 21.5% year over year. It earns a return on equity of 3.4%. Net debt stands at A$191M. Fundamentals as of Jul 12, 2026

Our scenario range runs from A$0.2800 (bear case) to A$0.5300 (bull case); at A$0.5450, 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 42% below its 52-week high and 9% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -52% fair-value upside, at -23%, SXL screens cheaper 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 A$0.7200 A$0.9200 A$1.23 80
Residual Income A$0.3000 A$0.2900 A$0.2300 76
Rev-Margin DCF A$0.5100 A$0.7400 A$1.03 74
All 22 models by family
DCF Models
FCF DCF A$0.7000 A$0.9100 A$1.26 38
Owner Earnings A$0.3000 A$0.4200 A$0.6000 31
5Y Revenue Exit A$0.5100 A$0.7100 A$1.01 39
5Y EBITDA Exit A$0.7400 A$1.12 A$1.62 41
5Y P/E Exit A$0.4000 A$0.5300 A$0.6900 38
10Y Revenue Exit A$0.5800 A$0.7300 A$0.8800 36
10Y EBITDA Exit A$0.7200 A$0.9400 A$1.18 37
10Y P/E Exit A$0.5400 A$0.6300 A$0.7100 35
Earnings-Based
Graham-Dodd A$0.1300 A$0.1600 A$0.1800 54
EPV A$0.2000 A$0.2400 A$0.2800 59
Multiples
P/E Multiple A$0.3200 A$0.4200 A$0.5300 63
P/S Multiple A$0.2400 A$0.3300 A$0.4100 58
P/B Multiple A$0.2400 A$0.3300 A$0.4100 55
EV/EBIT A$0.5400 A$0.7700 A$1.00 53
EV/EBITDA A$0.9400 A$1.29 A$1.65 54
EV/Revenue A$0.3800 A$0.6000 A$0.8200 43
Asset-Based
NCAV (Graham) A$0.2200 A$0.3000 A$0.4400 50
Growth DCF
Growth DCF A$0.7200 A$0.9200 A$1.23 80
Rev-Margin DCF A$0.5100 A$0.7400 A$1.03 74
Economic Profit
Residual Income A$0.3000 A$0.2900 A$0.2300 76
ROIC Compounder A$0.2000 A$0.2400 A$0.2800 72
Growth Earnings
Growth-Adj P/E A$0.2200 A$0.3200 A$0.4100 68

Widest divergence: Growth DCF (A$0.7400) versus Earnings-Based (A$0.1600). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) A$467M
Revenue growth (YoY) +21.5%
Net margin -0.3%
Return on equity 3.4%
Free cash flow A$55.5M FY2025
P/E ratio 13.6
More key figures
Operating margin 5.3%
EPS (TTM) A$0.0400
Dividend yield 7.3%
Net debt A$191M FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 60 · Market factors (momentum, volatility) 30

Profitability 40
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 76
Earnings quality: real cash, not paper profit
Fin. Strength 27
Balance sheet, leverage, solvency risk
Investment 99
Disciplined investing over empire-building
Low Volatility 43
Calm price path (market factor)
Momentum 28
Price trend over the last 3–12 months (market factor)
52W Momentum 20
Distance to the 52-week high (market factor)
Net Issuance 82
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

Southern Cross Media Group Limited, together with its subsidiaries, creates audio content for distribution on broadcast and digital networks in Australia. It operates in two segments, Broadcast Radio and Digital Audio.

Full company description

Southern Cross Media Group Limited, together with its subsidiaries, creates audio content for distribution on broadcast and digital networks in Australia. It operates in two segments, Broadcast Radio and Digital Audio. The company owns 104 radio stations in FM, AM, and DAB+ radio, as well as 56 regional radio stations; operates LiSTNR, an audio app for sports, podcasts, music, radio, and news; and offers sales representation for open audio platform SoundCloud and Sonos Radio. It also provides radio and digital advertising services. The company was formerly known as Macquarie Media Group. Southern Cross Media Group Limited was incorporated in 2005 and is based in Melbourne, Australia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Southern Cross Media Group reported revenue of A$422M in FY2025 versus A$528M in FY2021, a compound −5.5%/yr. Reported net income was A$9.2M in FY2025, compounding −33.9%/yr from FY2021.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
A$422M
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.
−1.9%
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.
−5.4%
Avg. growth/yr (19Y) 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.
+8.2%
Revenue −5.5%/yr
FY21 A$528M
FY22 A$525M
FY23 A$504M
FY24 A$499M
FY25 A$422M
Net income −33.9%/yr
FY21 A$48.1M
FY22 −A$154M
FY23 A$19.1M
FY24 −A$225M
FY25 A$9.2M

SXL screens 23% overvalued. Compare with Netflix, Inc →

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Cite: Fair Value Calculator (2026). "Southern Cross Media Group Fair Value". https://www.fairvalue-calculator.com/stock/SXL

Peer Group

Entertainment · 265 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 61 · Top 25%
Fair Value upside −23% · Below median
Return on equity (TTM) 3% · Above median
Return on assets 2% · Above median
Net margin (TTM) -0% · Below median
Operating margin (TTM) 5% · Above median
Revenue growth 22% · Top 25%
Dividend yield (TTM) 7.3% · Top 25%
Debt / equity 0.48× · Higher than 75% of peers

Valuation Multiples vs Entertainment median · lower = cheaper

P/E (TTM) 13.6× · Cheaper than median
P/B 0.87× · Cheaper than median
P/S (TTM) 0.40× · Cheaper than median
P/FCF 3.3× · Cheaper than median
EV/EBITDA 4.9× · Cheaper than median
PEG 0.98× · Cheaper than median

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 3 · sector 6
FUTURE 100 · sector 10
PAST 14 · sector 0
HEALTH 76 · sector 97
DIVIDEND 100 · sector 44

Insider activity: 42/100

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 Entertainment stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Netflix, Inc ZNFL C$6.77 C$2.96 -56%
The Walt Disney Company DIS $96.30 $89.55 -7%
Warner Bros. Discovery, Inc WBD $26.87 $9.13 -66%
Live Nation Entertainment, Inc LYV $178.44 $46.89 -74%
Universal Music Group UMG €18.91 €14.78 -22%
TKO Group TKO $184.40 $22.16 -88%
Empresas Cablevisión, S.A. CABLECPO 55.00 MXN 60.49 MXN +10%
Beijing Enlight Media Co 300251 ¥11.77 ¥10.97 -7%
PT MNC Digital Entertainment Tbk, MSIN 456.00 IDR 221.09 IDR -52%
Prime Focus Limited PFOCUS ₹298.25 ₹63.45 -79%

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Frequently asked questions

Is Southern Cross Media Group (SXL) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of A$0.4200 versus a price of A$0.5450, about −23% (overvalued).
What is the fair value of SXL?
Our model-based fair value for Southern Cross Media Group is A$0.4200 (as of Jul 12, 2026), built from audited fundamentals. The current price is A$0.5450.
What is the quality score of SXL?
Southern Cross Media Group has a Quality Score of 61/100. 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 Southern Cross Media Group (SXL)?
Southern Cross Media Group reported trailing-twelve-month revenue of about A$467M (latest available figure, as of Jul 12, 2026).
What is the net profit margin of SXL?
The net profit margin of Southern Cross Media Group is about -0.3%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Southern Cross Media Group pay a dividend?
Southern Cross Media Group currently shows a dividend yield of about 6.78% relative to its recent price (as of Jul 12, 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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