Beasley Broadcast Group, Inc.

BBGI

Communication ServicesBroadcastingNASDAQ

$17.13

Market Cap: $30.94M

Beasley Broadcast Group, Inc. (BBGI) Valuation Summary

Updated May 10, 2026 15:17

Model	Range	Fair Value	Upside
▸ Discounted Cash Flow
Revenue DCF 5Y	$2.19 – $1,975.37	$67.00	+291.1%
Revenue DCF 10Y	$0.25 – $1,523.07	$21.79	+27.2%

Valuation History

DCF Analysis

Beasley Broadcast Group, Inc. (BBGI) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$21.79

Market Price

$17.13

Upside / Downside

+27.2%

Verdict

Undervalued

Using a Revenue DCF model with operating margin convergence from -2.4% to a target of 10.4% over 5 years, discounted at a WACC of 5.4%, Beasley Broadcast Group, Inc. (BBGI) has an intrinsic value of $21.79 per share (range: $0.25 – $1,523.07).

Key Assumptions

Current Operating Margin

-2.4%

Target Operating Margin

10.4%

WACC

5.4%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

2.5%

Target CapEx/Rev

6.0%

D&A/Revenue

3.6%

Tax Rate

21.0%

Operating margin fades linearly from the current level to the industry target over the 5-year projection. CapEx intensity fades from the historical average to a maintenance level (D&A × 1.5). Tax is only applied when operating income is positive (NOL shield).

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	D&A	CapEx	ΔNWC	FCFF	PV(FCFF)
2026	198	-3.9%	0.2%	0	0	7	(6)	9	-7	-7
2027	190	-3.9%	2.8%	5	4	7	(6)	-1	6	6
2028	183	-3.9%	5.3%	10	8	7	(6)	-1	9	8
2029	176	-3.9%	7.9%	14	11	6	(7)	-1	12	10
2030	169	-3.9%	10.4%	18	14	6	(7)	-1	14	11
2031	164	-2.8%	10.4%	17	14	6	(8)	-1	13	9
2032	162	-1.6%	10.4%	17	13	6	(8)	-0	12	8
2033	161	-0.5%	10.4%	17	13	6	(9)	-0	11	7
2034	162	0.7%	10.4%	17	13	6	(9)	0	10	6
2035	165	1.9%	10.4%	17	14	6	(10)	0	9	6

Enterprise Value Bridge

Sum of PV(FCFF)64

Terminal Value (Gordon Growth at 3.0%)390

PV of Terminal Value236

Enterprise Value300

(–) Net Debt261

Equity Value39

(÷) Shares Outstanding2

Fair Value per Share$21.79

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	4.4%	7.4%	10.4%	13.4%	16.4%
3.4%	$0	$381	$762	$1142	$1523
4.4%	$-98	$19	$136	$252	$369
5.4%	$-116	$-47	$22	$90	$159
6.4%	$-123	$-75	$-26	$22	$71
7.4%	$-128	$-90	$-53	$-15	$22

Current price: $17.13. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 14.4% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

Beasley Broadcast Group, Inc. (BBGI) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$67.00

Market Price

$17.13

Upside / Downside

+291.1%

Verdict

Undervalued

Key Assumptions

Current Operating Margin

-2.4%

Target Operating Margin

10.4%

WACC

5.4%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

2.5%

Target CapEx/Rev

6.0%

D&A/Revenue

3.6%

Tax Rate

21.0%

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	D&A	CapEx	ΔNWC	FCFF	PV(FCFF)
2026	198	-3.9%	0.2%	0	0	7	(6)	9	-8	-7
2027	190	-3.9%	2.8%	5	4	7	(7)	-1	5	4
2028	183	-3.9%	5.3%	10	8	7	(8)	-1	7	6
2029	176	-3.9%	7.9%	14	11	6	(9)	-1	9	8
2030	169	-3.9%	10.4%	18	14	6	(10)	-1	11	9

Enterprise Value Bridge

Sum of PV(FCFF)19

Terminal Value (Gordon Growth at 3.0%)460

PV of Terminal Value362

Enterprise Value381

(–) Net Debt261

Equity Value121

(÷) Shares Outstanding2

Fair Value per Share$67.00

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	4.4%	7.4%	10.4%	13.4%	16.4%
3.4%	$175	$625	$1075	$1525	$1975
4.4%	$-52	$85	$222	$358	$495
5.4%	$-93	$-13	$67	$147	$227
6.4%	$-110	$-54	$2	$58	$114
7.4%	$-120	$-76	$-33	$10	$53

Current price: $17.13. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 14.4% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

Disclaimer: Sweet Value Lab provides estimated intrinsic values for informational purposes only. This is not financial advice. All models rely on assumptions that may not reflect future performance. Always do your own research before making investment decisions.

Model

Range

Fair Value

Upside

▸ Discounted Cash Flow

Revenue DCF 5Y

$2.19 – $1,975.37

$67.00

+291.1%

Revenue DCF 10Y

$0.25 – $1,523.07

$21.79

+27.2%

DCF Analysis

Beasley Broadcast Group, Inc. (BBGI) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$21.79

Market Price

$17.13

Upside / Downside

+27.2%

Verdict

Undervalued

Key Assumptions

Current Operating Margin

-2.4%

Target Operating Margin

10.4%

WACC

5.4%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

2.5%

Target CapEx/Rev

6.0%

D&A/Revenue

3.6%

Tax Rate

21.0%

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	D&A	CapEx	ΔNWC	FCFF	PV(FCFF)
2026	198	-3.9%	0.2%	0	0	7	(6)	9	-7	-7
2027	190	-3.9%	2.8%	5	4	7	(6)	-1	6	6
2028	183	-3.9%	5.3%	10	8	7	(6)	-1	9	8
2029	176	-3.9%	7.9%	14	11	6	(7)	-1	12	10
2030	169	-3.9%	10.4%	18	14	6	(7)	-1	14	11
2031	164	-2.8%	10.4%	17	14	6	(8)	-1	13	9
2032	162	-1.6%	10.4%	17	13	6	(8)	-0	12	8
2033	161	-0.5%	10.4%	17	13	6	(9)	-0	11	7
2034	162	0.7%	10.4%	17	13	6	(9)	0	10	6
2035	165	1.9%	10.4%	17	14	6	(10)	0	9	6

Enterprise Value Bridge

Sum of PV(FCFF)64

Terminal Value (Gordon Growth at 3.0%)390

PV of Terminal Value236

Enterprise Value300

(–) Net Debt261

Equity Value39

(÷) Shares Outstanding2

Fair Value per Share$21.79

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	4.4%	7.4%	10.4%	13.4%	16.4%
3.4%	$0	$381	$762	$1142	$1523
4.4%	$-98	$19	$136	$252	$369
5.4%	$-116	$-47	$22	$90	$159
6.4%	$-123	$-75	$-26	$22	$71
7.4%	$-128	$-90	$-53	$-15	$22

Current price: $17.13. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 14.4% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.