Paramount Global Stock Research

Market Summary

USD20.69-0.56

Market Closed

-2.64%

PARA Alerts

Big fall in earnings (Y/Y)

PARA Stock Price

PARA RSI Chart

PARA Valuation

Market Cap

13.0B

Price/Earnings (Trailing)

11.74

Price/Sales (Trailing)

0.43

EV/EBITDA

9.87

Price/Free Cashflow

-93.24

PARA Price/Sales (Trailing)

PARA Profitability

EBT Margin

4.20%

Return on Equity

4.79%

Return on Assets

1.89%

Free Cashflow Yield

-1.07%

PARA Fundamentals

PARA Revenue

Revenue (TTM)

30.2B

Revenue Y/Y

1.64%

Revenue Q/Q

17.57%

PARA Earnings

Earnings (TTM)

1.1B

Earnings Y/Y

-98.98%

Earnings Q/Q

-90.91%

Price Action

52 Week Range

16.0825.93

(Low)(High)

Last 7 days

-9.5%

Last 30 days

-11.2%

Last 90 days

12%

PARA Financial Health

Current Ratio

1.23

Debt/Equity

0.68

Debt/Cashflow

0.01

PARA Investor Care

Dividend/Share (TTM)

0.96

Shares Dilution (1Y)

0.46%

Diluted EPS (TTM)

1.61

Financials for Paramount Global

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	0.4%	30,154	30,023	29,717	28,502	28,586
S&GA Expenses	0.6%	7,033	6,990	6,846	6,595	6,398
EBITDA	-48.5%	2,602	5,054	5,362	5,875	6,582
EBITDA Margin	-48.7%	0.09*	0.17*	0.18*	0.21*	0.23*
Earnings Before Taxes	-66.0%	1,266	3,729	4,022	4,521	5,206
EBT Margin	-66.2%	0.04*	0.12*	0.14*	0.16*	0.18*
Interest Expenses	-1.2%	931	942	954	967	986
Net Income	-64.9%	1,104	3,141	3,448	4,065	4,543
Net Income Margin	-65.0%	0.04*	0.10*	0.12*	0.14*	0.16*
Free Cahsflow	80.8%	-139	-724	-614	-717	599

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	1.9%	58,393	57,287	56,961	58,043	58,620
Current Assets	1.6%	13,734	13,524	14,182	15,354	16,676
Cash Equivalents	-14.7%	2,885	3,383	4,037	5,302	6,267
Inventory	10.8%	1,492	1,347	950	1,504	-
Net PPE	1.5%	1,762	1,736	-	-	-
Goodwill	0.4%	16,499	16,426	16,498	16,561	16,584
Current Liabilities	8.4%	11,191	10,326	9,636	9,723	9,479
Long Term Debt	-0.2%	15,607	15,638	15,773	16,797	17,698
Shareholder's Equity	1.7%	23,036	22,647	23,280	23,157	22,402
Retained Earnings	-1.0%	14,737	14,889	14,829	14,599	14,343
Additional Paid-In Capital	0.1%	33,063	33,034	32,984	32,946	32,918
Shares Outstanding	0%	649	649	649	-	-
Minority Interest	15.9%	570	492	504	493	568

* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	158.7%	219	-373	-247	-373	953
Share Based Compensation	4.2%	172	165	168	176	192
Cashflow From Investing	-125.9%	-526	2,028	2,008	2,229	2,395
Cashflow From Financing	-1.6%	-2,981	-2,934	-3,001	-2,146	-152
Dividend Payments	0.2%	631	630	630	624	617
Buy Backs	NaN%	0.00	0.00	-	-	-

Risks for PARA

What is the probability of a big loss on PARA?

6.7%

Probability that Paramount Global stock will be more than 20% underwater in next one year

Probability that Paramount Global stock will be more than 30% underwater in next one year.

Probability that Paramount Global stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does PARA drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Paramount Global was unfortunately bought at previous high price.

Drawdowns

Returns for PARA

Cumulative Returns on PARA

Which funds bought or sold PARA recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-15	B. Riley Wealth Advisors, Inc.	added	175	1,893,390	3,178,390	0.09%
2023-03-15	B. Riley Wealth Advisors, Inc.	new	-	471,581	471,581	0.01%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-9.7	-4,395,590	17,648,400	0.02%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-2.87	-403,000	2,503,000	0.01%
2023-03-06	Rockefeller Capital Management L.P.	unchanged	-	-5,000	18,000	-%
2023-03-06	BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL	reduced	-2.98	-208,028	1,276,970	0.48%
2023-03-06	Rockefeller Capital Management L.P.	unchanged	-	-3,000	32,000	-%
2023-03-03	TIAA, FSB	sold off	-100	-237,000	-	-%
2023-03-02	OLIVER LAGORE VANVALIN INVESTMENT GROUP	unchanged	-	192	192	-%
2023-03-02	OLIVER LAGORE VANVALIN INVESTMENT GROUP	added	1.32	299	1,299	-%

Latest Funds Activity

Are funds buying PARA calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own PARA

No. of Funds

PARA Alerts

Big fall in earnings (Y/Y)

Paramount Global News

Schedule 13G FIlings of Paramount Global

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	9.53%	57,975,670	SC 13G/A
Feb 02, 2023	national amusements inc /md/	23.72%	9,654,787	SC 13G/A
Jan 31, 2023	blackrock inc.	7.0%	42,856,339	SC 13G/A
Sep 16, 2022	gamco investors, inc. et al	4.86%	1,819,551	SC 13D/A

PARA Fair Value

Recent SEC filings of Paramount Global

View All Filings

Date Filed	Form Type	Document
Mar 20, 2023	S-3ASR	S-3ASR
Mar 17, 2023	ARS	ARS
Mar 17, 2023	DEF 14A	DEF 14A
Mar 17, 2023	DEFA14A	DEFA14A
Mar 09, 2023	8-K	Current Report
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	8-K	Current Report
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading

Latest Insider Trading transactions for PARA

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2022-05-17	NATIONAL AMUSEMENTS INC /MD/	bought	20,935,200	32.3692	646,764	-

About Paramount Global

Robert M. Bakish

www.paramount.com

23000

Paramount Global operates as a media and entertainment company worldwide. The company distributes a schedule of news and public affairs broadcasts, and sports and entertainment programming; acquires or develops, and schedules programming on the CBS Television Network that includes primetime comedies and dramas, reality, specials, kids' programs, daytime dramas, game shows, and late night programs; produces or distributes talk shows, court shows, game shows, and newsmagazines; owns and operates 29 broadcast television stations; and operates CBS Sports Network, a 24-hour cable channel that provides sports and related content, as well as streaming and cable subscription services. It also operates Paramount+, a digital subscription video on-demand and live streaming services; and creates and acquires programming for distribution and viewing on various media platforms, including subscription cable networks, subscription streaming, and premium and basic cable networks. In addition, the company develops, produces, finances, acquires, and distributes films. Paramount Global was formerly known as ViacomCBS Inc. and changed its name to Paramount Global in February 2022. The company was incorporated in 1986 and is headquartered in New York, New York.

PARA Income Statement

2022-12-31

Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Revenues	$ 30,154	$ 28,586	$ 25,285
Costs and expenses:
Operating	19,845	17,744	14,992
Selling, general and administrative	7,033	6,398	5,320
Depreciation and amortization	405	390	430
Restructuring and other corporate matters	585	100	618
Total costs and expenses	27,868	24,632	21,360
Net gain on dispositions	56	2,343	214
Operating income	2,342	6,297	4,139
Interest expense	(931)	(986)	(1,031)
Interest income	108	53	60
Net gains (losses) from investments	(9)	47	206
Loss on extinguishment of debt	(120)	(128)	(126)
Other items, net	(124)	(77)	(101)
Earnings from continuing operations before income taxes and equity in loss of investee companies	1,266	5,206	3,147
Provision for income taxes	227	646	535
Equity in loss of investee companies, net of tax	(204)	(91)	(28)
Net earnings from continuing operations	835	4,469	2,584
Net earnings from discontinued operations, net of tax	379	162	117
Net earnings (Paramount and noncontrolling interests)	1,214	4,631	2,701
Net earnings attributable to noncontrolling interests	(110)	(88)	(279)
Net earnings attributable to Paramount	1,104	4,543	2,422
Amounts attributable to Paramount:
Net earnings from continuing operations	725	4,381	2,305
Net earnings from discontinued operations, net of tax	379	162	117
Net earnings attributable to Paramount	$ 1,104	$ 4,543	$ 2,422
Basic net earnings per common share attributable to Paramount:
Net earnings from continuing operations (in dollars per share)	$ 1.03	$ 6.77	$ 3.74
Net earnings from discontinued operations (in dollars per share)	0.58	0.25	0.19
Net earnings (in dollars per share)	1.61	7.02	3.93
Diluted net earnings per common share attributable to Paramount:
Net earnings from continuing operations (in dollars per share)	1.03	6.69	3.73
Net earnings from discontinued operations (in dollars per share)	0.58	0.25	0.19
Net earnings (in dollars per share)	$ 1.61	$ 6.94	$ 3.92
Weighted average number of common shares outstanding:
Basic (in shares)	649	641	616
Diluted (in shares)	650	655	618

PARA Balance Sheet

2022-12-31

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Current Assets:
Cash and cash equivalents	$ 2,885	$ 6,267
Receivables, net	7,412	6,984
Programming and other inventory	1,342	1,504
Prepaid expenses and other current assets	1,308	1,176
Current assets of discontinued operations	787	745
Total current assets	13,734	16,676
Property and equipment, net	1,762	1,736
Programming and other inventory	16,278	13,358
Goodwill	16,499	16,584
Intangible assets, net	2,694	2,772
Operating lease assets	1,391	1,630
Deferred income tax assets, net	1,242	1,206
Other assets	3,991	3,824
Assets held for sale	0	19
Assets of discontinued operations	802	815
Total Assets	58,393	58,620
Current Liabilities:
Accounts payable	1,403	800
Accrued expenses	2,071	2,323
Participants’ share and royalties payable	2,416	2,159
Accrued programming and production costs	2,063	1,342
Deferred revenues	973	1,091
Debt	239	11
Other current liabilities	1,477	1,182
Current liabilities of discontinued operations	549	571
Total current liabilities	11,191	9,479
Long-term debt	15,607	17,698
Participants’ share and royalties payable	1,744	1,244
Pension and postretirement benefit obligations	1,458	1,946
Deferred income tax liabilities, net	1,077	1,063
Operating lease liabilities	1,428	1,598
Program rights obligations	367	404
Other liabilities	1,715	1,898
Liabilities of discontinued operations	200	213
Redeemable noncontrolling interest	0	107
Commitments and contingencies (Note 20)
Paramount stockholders’ equity:
5.75% Series A Mandatory Convertible Preferred Stock, par value $.001 per share; 25 shares authorized and 10 shares issued (2022 and 2021)	0	0
Additional paid-in capital	33,063	32,918
Treasury stock, at cost; 503 (2022 and 2021) shares of Class B Common Stock	(22,958)	(22,958)
Retained earnings	14,737	14,343
Accumulated other comprehensive loss	(1,807)	(1,902)
Total Paramount stockholders’ equity	23,036	22,402
Noncontrolling interests	570	568
Total Equity	23,606	22,970
Total Liabilities and Equity	58,393	58,620
Common Class A
Paramount stockholders’ equity:
Common stock	0	0
Common Class B
Paramount stockholders’ equity:
Common stock	$ 1	$ 1