Saga Communications Inc. (SGA) intrinsic value & 10-year financials
Saga Communications Inc. (SGA) has a Graham intrinsic value of $2.93 per share. At $8.32 on Oct 20, 2026, the stock trades 184% above that value. Over the last 10 fiscal years revenue shrank 1.2% a year to $107.1M, with an average return on invested capital of 5.6%.
- Graham intrinsic value
- $2.93
- Share price (Oct 20, 2026)
- $8.32
- Price vs Graham value
- 184% above
- Market cap
- $51.2M
- Revenue (FY2025)
- $107.1M
- Revenue growth (10-yr CAGR)
- -1.2%
- ROIC (10-yr avg)
- 5.6%
- Free cash flow (FY2025)
- $2.4M
SGA 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $107.1M | -$7.9M | -$1.22 | $2.4M | -10.3% | -5.6% |
| FY2024 | $112.9M | $3.5M | $0.55 | $10.0M | 2.1% | 1.2% |
| FY2023 | $115.5M | $9.5M | $1.55 | $11.0M | 9.9% | 6.0% |
| FY2022 | $114.9M | $9.2M | $1.52 | $11.1M | 11.4% | 6.1% |
| FY2021 | $108.3M | $11.2M | $1.85 | $15.1M | 13.9% | 7.5% |
| FY2020 | $95.8M | -$1.9M | -$0.32 | $9.8M | -1.3% | -0.8% |
| FY2019 | $123.1M | $13.3M | $2.23 | $19.6M | 15.3% | 8.4% |
| FY2018 | $37.0K | $13.7M | $2.30 | $19.6M | 53122.8% | 8.9% |
| FY2017 | $118.1M | $54.7M | $9.27 | -$872.0K | 14.6% | 11.6% |
| FY2016 | $119.0M | $18.2M | $3.09 | $24.5M | 26.4% | 12.9% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
SAGA COMMUNICATIONS INC is facing top-line stagnation, with revenue contracting over the decade.
SAGA COMMUNICATIONS INC has historically struggled to out-earn its cost of capital, averaging just 5.6% ROIC.
SAGA COMMUNICATIONS INC has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, SAGA COMMUNICATIONS INC is modeled at -1.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $2.93 per share.