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Entravision Communications (EVC) – Favorable Fundamental Tailwinds Powered By Digital

Media and Marketing
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Wednesday, June 08, 2022

Entravision Communications (EVC)
Favorable Fundamental Tailwinds Powered By Digital

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.

Patrick McCann, Research Associate, Noble Capital Markets, Inc.

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

Non-deal road show highlights: Last week, EVC hosted meetings for investors in St. Louis. Chris Young, CFO, highlighted the company’s international growth prospects, which are driven by its digital businesses. Management indicated favorable fundamental tailwinds, on track to exceed our 2023 Adj. EBITDA estimate this year.

Competitive advantage in LatinAm: The company has an advantage of being the exclusive ad rep for Facebook. Advertisers must either buy Facebook ads through EVC’s Cisneros, or buy directly from Facebook. With no price difference by buying through Facebook, Cisneros provides value add with customer support. 

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. 

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