Added to YB: 2026-10-06
Pitch date: 2026-09-29
VSNT [neutral]
Versant Media Group, Inc.
-1.62%
current return
Author Info
Every corporate spin-off in the US and Europe, taken apart properly. Forced sellers, missing coverage, and numbers nobody has normalised. One company a week, scored out of forty. Sign up for the newsletter.
Company Info
Versant Media Group, Inc. engages in the media and entertainment business in the United States. The company produces, licenses, and acquires content that is distributed through various outlets, including networks and digital platforms.
Market Cap
$4.3B
Pitch Price
$31.75
Price Target
31.25 (+0%)
Dividend
4.85%
EV/EBITDA
2.83
P/E
5.68
EV/Sales
0.93
Sector
Media
Category
value
Versant: Willing and Available
VSNT (overview): Versant is a cash-generative but structurally declining cable portfolio: households are falling about 8.5% annually and base-case EBITDA drops from $2.18B in 2025 to roughly $1.5B by 2028. At $33.04, its 3.4x guided EBITDA and ~24% free-cash-flow yield already fairly price the decline; probability-weighted November 2027 value is $31.25 including dividends, while $25.49 is required for a 20% annualized return given poor capital allocation and Roberts’s control rights.
Read full article (32 min)