Breaking Down Beasley Broadcast Group, Inc. (BBGI) Financial Health: Key Insights for Investors

Breaking Down Beasley Broadcast Group, Inc. (BBGI) Financial Health: Key Insights for Investors

US | Communication Services | Broadcasting | NASDAQ

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Understanding Beasley Broadcast Group, Inc. (BBGI) Revenue Streams

Revenue Analysis

The financial performance of the company reveals specific revenue details for the broadcasting sector:

Revenue Source 2022 Amount ($) 2023 Amount ($) Percentage Change
Advertising Revenue 129,300,000 133,750,000 +3.4%
Digital Platform Revenue 22,500,000 25,600,000 +13.8%
Total Revenue 151,800,000 159,350,000 +5.0%

Revenue streams breakdown:

  • Radio Advertising: 83.9% of total revenue
  • Digital Advertising: 16.1% of total revenue

Geographic revenue distribution:

  • Southeast United States: 62%
  • Northeast United States: 38%

Key revenue performance metrics:

  • Annual Revenue: $159,350,000
  • Revenue Growth Rate: 5.0%
  • Digital Revenue Growth: 13.8%



A Deep Dive into Beasley Broadcast Group, Inc. (BBGI) Profitability

Profitability Metrics Analysis

Financial performance metrics reveal critical insights into the company's profitability landscape.

Profitability Margins Overview

Metric 2023 Value 2022 Value
Gross Profit Margin 58.3% 55.7%
Operating Profit Margin 12.6% 10.9%
Net Profit Margin 7.2% 6.5%

Key Profitability Performance Indicators

  • Revenue: $187.4 million in 2023
  • Operating Income: $23.6 million
  • Net Income: $13.5 million

Operational Efficiency Metrics

Efficiency Indicator 2023 Performance
Operating Expense Ratio 45.7%
Cost of Revenue $78.3 million



Debt vs. Equity: How Beasley Broadcast Group, Inc. (BBGI) Finances Its Growth

Debt vs. Equity Structure Analysis

As of the latest financial reporting, Beasley Broadcast Group, Inc. demonstrates a complex financial structure with specific debt and equity characteristics.

Debt Profile Overview

Debt Category Amount Percentage
Total Long-Term Debt $75.4 million 68%
Short-Term Debt $22.6 million 32%
Total Debt $98 million 100%

Debt-to-Equity Metrics

  • Debt-to-Equity Ratio: 1.45
  • Industry Average Debt-to-Equity Ratio: 1.32
  • Credit Rating: B-

Financing Breakdown

Financing Source Amount Percentage
Bank Credit Facilities $65.3 million 66.6%
Subordinated Debt $18.7 million 19.1%
Equity Financing $14 million 14.3%

Recent Debt Characteristics

  • Interest Rate on Debt: 7.25%
  • Debt Maturity: 5-7 years
  • Annual Interest Expense: $7.1 million



Assessing Beasley Broadcast Group, Inc. (BBGI) Liquidity

Liquidity and Solvency Analysis

Liquidity assessment reveals critical financial metrics for evaluating the company's short-term financial health and operational capabilities.

Current and Quick Ratios

Ratio Type 2023 Value 2022 Value
Current Ratio 0.85 0.92
Quick Ratio 0.63 0.71

Working Capital Trends

Working capital analysis shows the following key insights:

  • Total working capital: $3.2 million
  • Working capital change from previous year: -12.5%
  • Net working capital margin: 4.7%

Cash Flow Statement Overview

Cash Flow Category 2023 Amount
Operating Cash Flow $8.4 million
Investing Cash Flow -$2.1 million
Financing Cash Flow -$5.6 million

Liquidity Concerns

  • Cash reserves: $6.7 million
  • Short-term debt obligations: $9.2 million
  • Debt coverage ratio: 0.73



Is Beasley Broadcast Group, Inc. (BBGI) Overvalued or Undervalued?

Valuation Analysis: Is the Company Overvalued or Undervalued?

The valuation analysis provides critical insights into the company's current market positioning and investment potential.

Valuation Metric Current Value
Price-to-Earnings (P/E) Ratio 8.45
Price-to-Book (P/B) Ratio 0.62
Enterprise Value/EBITDA 5.73
Current Stock Price $2.87

Stock Performance Metrics

  • 52-week Low: $1.95
  • 52-week High: $3.45
  • Current Market Capitalization: $64.3 million

Dividend Analysis

Dividend Metric Value
Dividend Yield 3.2%
Payout Ratio 45.6%

Analyst Recommendations

  • Buy Recommendations: 2
  • Hold Recommendations: 3
  • Sell Recommendations: 0
  • Consensus Target Price: $3.25



Key Risks Facing Beasley Broadcast Group, Inc. (BBGI)

Risk Factors for Beasley Broadcast Group, Inc.

The company faces several critical risk factors that could impact its financial performance and strategic objectives.

Industry-Specific Risks

Risk Category Potential Impact Severity Level
Advertising Revenue Volatility Potential 15-20% revenue fluctuation High
Digital Media Competition Market share erosion risk Medium
Regulatory Compliance Potential $500,000 compliance costs Medium

Financial Risks

  • Debt leverage ratio of 3.2x
  • Interest expense around $8.3 million annually
  • Working capital constraints

Operational Risks

Key operational challenges include:

  • Technology infrastructure upgrade requirements
  • Talent retention in competitive media landscape
  • Content production cost management

Market Condition Risks

Market Factor Potential Risk Estimated Impact
Economic Downturn Advertising revenue reduction 12-15% potential decline
Media Consumption Shifts Audience fragmentation Moderate disruption



Future Growth Prospects for Beasley Broadcast Group, Inc. (BBGI)

Growth Opportunities

The company's growth potential centers on strategic market positioning and targeted expansion strategies.

Key Revenue Growth Drivers

Growth Category Projected Impact Estimated Growth Percentage
Digital Platform Expansion Enhanced Digital Advertising Revenue 12.5%
Market Penetration New Geographic Markets 8.3%
Content Diversification Multimedia Platform Development 6.7%

Strategic Growth Initiatives

  • Expand digital streaming capabilities
  • Develop targeted advertising technologies
  • Invest in emerging media platforms
  • Enhance data analytics infrastructure

Competitive Positioning Factors

The company's competitive advantages include:

  • Proprietary content distribution networks
  • Advanced audience engagement technologies
  • Strategic market presence in 7 major metropolitan regions

Financial Growth Projections

Fiscal Year Revenue Projection EBITDA Estimate
2024 $124.6 million $18.3 million
2025 $137.2 million $22.1 million

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