GRAY MEDIA INC (GTN) Stock Fundamental Analysis
NYSE:GTN - New York Stock Exchange, Inc. - US3893751061 - Common Stock - Currency: USD
We assign a fundamental rating of 5 out of 10 to GTN. GTN was compared to 97 industry peers in the Media industry. While GTN belongs to the best of the industry regarding profitability, there are concerns on its financial health. GTN has a decent growth rate and is not valued too expensively. GTN also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
GTN had positive earnings in the past year.
GTN had a positive operating cash flow in the past year.
GTN had positive earnings in 4 of the past 5 years.
GTN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 3.06%, GTN is in the better half of the industry, outperforming 78.35% of the companies in the same industry.
The Return On Equity of GTN (11.01%) is better than 81.44% of its industry peers.
GTN has a Return On Invested Capital of 6.63%. This is in the better half of the industry: GTN outperforms 71.13% of its industry peers.
GTN had an Average Return On Invested Capital over the past 3 years of 5.68%. This is in line with the industry average of 6.63%.
The last Return On Invested Capital (6.63%) for GTN is above the 3 year average (5.68%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.06% | ||
| ROE | 11.01% | ||
| ROIC | 6.63% |
ROA(3y)1.82%
ROA(5y)2.1%
ROE(3y)6.9%
ROE(5y)7.44%
ROIC(3y)5.68%
ROIC(5y)5.66%
1.3 Margins
GTN's Profit Margin of 8.86% is amongst the best of the industry. GTN outperforms 83.51% of its industry peers.
GTN's Profit Margin has improved in the last couple of years.
The Operating Margin of GTN (23.90%) is better than 95.88% of its industry peers.
GTN's Operating Margin has been stable in the last couple of years.
Looking at the Gross Margin, with a value of 34.14%, GTN is in line with its industry, outperforming 44.33% of the companies in the same industry.
GTN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.9% | ||
| PM (TTM) | 8.86% | ||
| GM | 34.14% |
OM growth 3Y10.89%
OM growth 5Y0.17%
PM growth 3Y77.88%
PM growth 5Y8.17%
GM growth 3Y0.85%
GM growth 5Y-1.16%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), GTN is creating some value.
The number of shares outstanding for GTN has been increased compared to 1 year ago.
GTN has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, GTN has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.83, we must say that GTN is in the distress zone and has some risk of bankruptcy.
GTN has a Altman-Z score of 0.83. This is comparable to the rest of the industry: GTN outperforms 46.39% of its industry peers.
The Debt to FCF ratio of GTN is 9.25, which is on the high side as it means it would take GTN, 9.25 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 9.25, GTN is in the better half of the industry, outperforming 62.89% of the companies in the same industry.
GTN has a Debt/Equity ratio of 1.91. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of GTN (1.91) is worse than 65.98% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.91 | ||
| Debt/FCF | 9.25 | ||
| Altman-Z | 0.83 |
ROIC/WACC1.17
WACC5.68%
2.3 Liquidity
A Current Ratio of 1.03 indicates that GTN should not have too much problems paying its short term obligations.
With a Current ratio value of 1.03, GTN is not doing good in the industry: 64.95% of the companies in the same industry are doing better.
A Quick Ratio of 1.03 indicates that GTN should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.03, GTN is not doing good in the industry: 63.92% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.03 | ||
| Quick Ratio | 1.03 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 343.88% over the past year.
The Earnings Per Share has been growing by 21.70% on average over the past years. This is a very strong growth
GTN shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.06%.
The Revenue has been growing by 11.42% on average over the past years. This is quite good.
EPS 1Y (TTM)343.88%
EPS 3Y46.87%
EPS 5Y21.7%
EPS Q2Q%783.33%
Revenue 1Y (TTM)11.06%
Revenue growth 3Y14.73%
Revenue growth 5Y11.42%
Sales Q2Q%20.95%
3.2 Future
The Earnings Per Share is expected to decrease by -26.43% on average over the next years. This is quite bad
GTN is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -3.42% yearly.
EPS Next Y-121.21%
EPS Next 2Y-8.57%
EPS Next 3Y-26.43%
EPS Next 5YN/A
Revenue Next Year-11.7%
Revenue Next 2Y0.71%
Revenue Next 3Y-3.42%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 1.07, the valuation of GTN can be described as very cheap.
Based on the Price/Earnings ratio, GTN is valued cheaply inside the industry as 98.97% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 27.75. GTN is valued rather cheaply when compared to this.
The Forward Price/Earnings Ratio is negative for GTN. No positive earnings are expected for the next year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 1.07 | ||
| Fwd PE | N/A |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of GTN indicates a rather cheap valuation: GTN is cheaper than 89.69% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, GTN is valued cheaper than 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 0.61 | ||
| EV/EBITDA | 4.99 |
4.3 Compensation for Growth
The decent profitability rating of GTN may justify a higher PE ratio.
GTN's earnings are expected to decrease with -26.43% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.05
EPS Next 2Y-8.57%
EPS Next 3Y-26.43%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 9.41%, GTN is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.96, GTN pays a better dividend. On top of this GTN pays more dividend than 95.88% of the companies listed in the same industry.
GTN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.41% |
5.2 History
On average, the dividend of GTN grows each year by 15.86%, which is quite nice.
GTN has been paying a dividend for at least 10 years, so it has a reliable track record.
GTN has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)15.86%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
GTN pays out 26.01% of its income as dividend. This is a sustainable payout ratio.
DP26.01%
EPS Next 2Y-8.57%
EPS Next 3Y-26.43%
NYSE:GTN (5/2/2025, 11:12:56 AM)
3.6401
+0.3 (+8.99%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)
Earnings (Next)
Inst Owners73.72%
Inst Owner Change0.03%
Ins Owners4.85%
Ins Owner Change19.32%
Market Cap370.82M
Analysts74
Price Target5.51 (51.37%)
Short Float %4.25%
Short Ratio2.17
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.41% |
Yearly Dividend0.86
Dividend Growth(5Y)15.86%
DP26.01%
Div Incr Years0
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)11.26%
Min EPS beat(2)-7.38%
Max EPS beat(2)29.9%
EPS beat(4)2
Avg EPS beat(4)109.27%
Min EPS beat(4)-7.38%
Max EPS beat(4)421.45%
EPS beat(8)3
Avg EPS beat(8)34.28%
EPS beat(12)6
Avg EPS beat(12)24.36%
EPS beat(16)7
Avg EPS beat(16)18.92%
Revenue beat(2)0
Avg Revenue beat(2)-1.58%
Min Revenue beat(2)-2.79%
Max Revenue beat(2)-0.38%
Revenue beat(4)0
Avg Revenue beat(4)-1.63%
Min Revenue beat(4)-2.79%
Max Revenue beat(4)-0.38%
Revenue beat(8)2
Avg Revenue beat(8)-0.74%
Revenue beat(12)5
Avg Revenue beat(12)-0.61%
Revenue beat(16)8
Avg Revenue beat(16)0.09%
PT rev (1m)-3.57%
PT rev (3m)-6.9%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-97.66%
EPS NY rev (1m)0%
EPS NY rev (3m)-20.68%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-3.15%
Revenue NY rev (1m)-0.55%
Revenue NY rev (3m)-0.7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 1.07 | ||
| Fwd PE | N/A | ||
| P/S | 0.1 | ||
| P/FCF | 0.61 | ||
| P/OCF | 0.49 | ||
| P/B | 0.13 | ||
| P/tB | N/A | ||
| EV/EBITDA | 4.99 |
EPS(TTM)3.39
EY93.13%
EPS(NY)-0.72
Fwd EYN/A
FCF(TTM)5.97
FCFY163.96%
OCF(TTM)7.37
OCFY202.53%
SpS35.77
BVpS28.79
TBVpS-52.13
PEG (NY)N/A
PEG (5Y)0.05
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.06% | ||
| ROE | 11.01% | ||
| ROCE | 8.7% | ||
| ROIC | 6.63% | ||
| ROICexc | 6.72% | ||
| ROICexgc | 40.55% | ||
| OM | 23.9% | ||
| PM (TTM) | 8.86% | ||
| GM | 34.14% | ||
| FCFM | 16.68% |
ROA(3y)1.82%
ROA(5y)2.1%
ROE(3y)6.9%
ROE(5y)7.44%
ROIC(3y)5.68%
ROIC(5y)5.66%
ROICexc(3y)5.72%
ROICexc(5y)5.89%
ROICexgc(3y)32.02%
ROICexgc(5y)33.23%
ROCE(3y)7.45%
ROCE(5y)7.43%
ROICexcg growth 3Y30.28%
ROICexcg growth 5Y1.83%
ROICexc growth 3Y29.97%
ROICexc growth 5Y2.69%
OM growth 3Y10.89%
OM growth 5Y0.17%
PM growth 3Y77.88%
PM growth 5Y8.17%
GM growth 3Y0.85%
GM growth 5Y-1.16%
F-Score7
Asset Turnover0.35
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.91 | ||
| Debt/FCF | 9.25 | ||
| Debt/EBITDA | 4.8 | ||
| Cap/Depr | 48.15% | ||
| Cap/Sales | 3.92% | ||
| Interest Coverage | 2.21 | ||
| Cash Conversion | 64.3% | ||
| Profit Quality | 188.24% | ||
| Current Ratio | 1.03 | ||
| Quick Ratio | 1.03 | ||
| Altman-Z | 0.83 |
F-Score7
WACC5.68%
ROIC/WACC1.17
Cap/Depr(3y)84.75%
Cap/Depr(5y)76.04%
Cap/Sales(3y)8.8%
Cap/Sales(5y)7.92%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)343.88%
EPS 3Y46.87%
EPS 5Y21.7%
EPS Q2Q%783.33%
EPS Next Y-121.21%
EPS Next 2Y-8.57%
EPS Next 3Y-26.43%
EPS Next 5YN/A
Revenue 1Y (TTM)11.06%
Revenue growth 3Y14.73%
Revenue growth 5Y11.42%
Sales Q2Q%20.95%
Revenue Next Year-11.7%
Revenue Next 2Y0.71%
Revenue Next 3Y-3.42%
Revenue Next 5YN/A
EBIT growth 1Y94.85%
EBIT growth 3Y27.22%
EBIT growth 5Y11.61%
EBIT Next Year-15.86%
EBIT Next 3Y-4.55%
EBIT Next 5YN/A
FCF growth 1Y102.67%
FCF growth 3Y86.99%
FCF growth 5Y17.2%
OCF growth 1Y15.9%
OCF growth 3Y35.78%
OCF growth 5Y14.3%