Wednesday, January 27, 2021

Entravision Communications Corporation (EVC)
A Surprising Value For Its Digital Businesses

Entravision Communications Corporation is a diversified Spanish-language media company utilizing a combination of television and radio operations to reach Hispanic consumers across the United States, as well as the border markets of Mexico. Entravision owns and/or operates 53 primary television stations and is the largest affiliate group of both the top-ranked Univision television network and Univision's TeleFutura network, with television stations in 20 of the nation's top 50 Hispanic markets. The Company also operates one of the nation's largest groups of primarily Spanish-language radio stations, consisting of 48 owned and operated radio stations.

Michael Kupinski, Director of Research, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

NobleCon 17 Highlights. This report highlights comments by Christopher Young, the CFO, which were made at Noble's 17th annual conference last week. The presentation can be accessed by clicking here. Some key highlights include that television moved to positive pacings in core advertising in Q4, fueled by Auto advertising; Radio core is down slightly, but improving significantly; and, Digital revenue growth is expected to be strong, up 250%, boosted by a recent acquisition.

Robust Digital presence.  Its Digital businesses include Digital Marketing Solutions, Audio Content, which includes Podcasts, Video Advertising and Data Management, and, Programmatic & Mobile App Performance. Industry revenue growth is expected to be strong 13% to 23% for each segment. As such, we believe that its Digital segment will be a key revenue and cash flow growth driver ...

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision.