GRAY MEDIA INC (GTN) Stock Fundamental Analysis
USA - NYSE:GTN - US3893751061 - Common Stock
4.67 USD
+0.05 (+1.08%)
4.66 USD
-0.01 (-0.21%)
Taking everything into account, GTN scores 5 out of 10 in our fundamental rating. GTN was compared to 95 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 scores decently on growth, while it is valued quite cheap. This could make an interesting combination. Finally GTN also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year GTN was profitable.
In the past year GTN had a positive cash flow from operations.
GTN had positive earnings in 4 of the past 5 years.
Each year in the past 5 years GTN had a positive operating cash flow.
1.2 Ratios
GTN has a Return On Assets of 1.43%. This is in the better half of the industry: GTN outperforms 65.26% of its industry peers.
GTN's Return On Equity of 5.23% is fine compared to the rest of the industry. GTN outperforms 68.42% of its industry peers.
With a decent Return On Invested Capital value of 6.14%, GTN is doing good in the industry, outperforming 68.42% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for GTN is below the industry average of 8.50%.
The 3 year average ROIC (5.68%) for GTN is below the current ROIC(6.14%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.43% | ||
| ROE | 5.23% | ||
| ROIC | 6.14% |
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
The Profit Margin of GTN (4.17%) is better than 68.42% of its industry peers.
In the last couple of years the Profit Margin of GTN has grown nicely.
GTN's Operating Margin of 22.26% is amongst the best of the industry. GTN outperforms 94.74% of its industry peers.
GTN's Operating Margin has been stable in the last couple of years.
With a Gross Margin value of 32.46%, GTN perfoms like the industry average, outperforming 41.05% of the companies in the same industry.
In the last couple of years the Gross Margin of GTN has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.26% | ||
| PM (TTM) | 4.17% | ||
| GM | 32.46% |
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
GTN has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for GTN has been increased compared to 1 year ago.
Compared to 5 years ago, GTN has less shares outstanding
The debt/assets ratio for GTN has been reduced compared to a year ago.
2.2 Solvency
GTN has an Altman-Z score of 0.80. This is a bad value and indicates that GTN is not financially healthy and even has some risk of bankruptcy.
GTN's Altman-Z score of 0.80 is in line compared to the rest of the industry. GTN outperforms 45.26% of its industry peers.
GTN has a debt to FCF ratio of 7.90. This is a slightly negative value and a sign of low solvency as GTN would need 7.90 years to pay back of all of its debts.
GTN has a better Debt to FCF ratio (7.90) than 64.21% of its industry peers.
A Debt/Equity ratio of 1.97 is on the high side and indicates that GTN has dependencies on debt financing.
GTN's Debt to Equity ratio of 1.97 is on the low side compared to the rest of the industry. GTN is outperformed by 68.42% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.97 | ||
| Debt/FCF | 7.9 | ||
| Altman-Z | 0.8 |
ROIC/WACC1.04
WACC5.89%
2.3 Liquidity
GTN has a Current Ratio of 0.87. This is a bad value and indicates that GTN is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of GTN (0.87) is worse than 67.37% of its industry peers.
A Quick Ratio of 0.87 indicates that GTN may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.87, GTN is doing worse than 65.26% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.87 | ||
| Quick Ratio | 0.87 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 2557.14% 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 a small growth in Revenue. In the last year, the Revenue has grown by 7.03%.
The Revenue has been growing by 11.42% on average over the past years. This is quite good.
EPS 1Y (TTM)2557.14%
EPS 3Y46.87%
EPS 5Y21.7%
EPS Q2Q%-566.67%
Revenue 1Y (TTM)7.03%
Revenue growth 3Y14.73%
Revenue growth 5Y11.42%
Sales Q2Q%-6.54%
3.2 Future
GTN is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -28.83% yearly.
The Revenue is expected to decrease by -4.73% on average over the next years.
EPS Next Y-140.42%
EPS Next 2Y-13.18%
EPS Next 3Y-28.83%
EPS Next 5YN/A
Revenue Next Year-14.7%
Revenue Next 2Y-1.74%
Revenue Next 3Y-4.73%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 2.51, which indicates a rather cheap valuation of GTN.
Compared to the rest of the industry, the Price/Earnings ratio of GTN indicates a rather cheap valuation: GTN is cheaper than 97.89% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of GTN to the average of the S&P500 Index (27.40), we can say GTN is valued rather cheaply.
The Price/Forward Earnings ratio is 1.83, which indicates a rather cheap valuation of GTN.
GTN's Price/Forward Earnings ratio is rather cheap when compared to the industry. GTN is cheaper than 98.95% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.94, GTN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.51 | ||
| Fwd PE | 1.83 |
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 84.21% of the companies listed in the same industry.
GTN's Price/Free Cash Flow ratio is rather cheap when compared to the industry. GTN is cheaper than 98.95% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 0.67 | ||
| EV/EBITDA | 5.46 |
4.3 Compensation for Growth
GTN has a very decent profitability rating, which may justify a higher PE ratio.
GTN's earnings are expected to decrease with -28.83% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.12
EPS Next 2Y-13.18%
EPS Next 3Y-28.83%
5. Dividend
5.1 Amount
GTN has a Yearly Dividend Yield of 6.93%, which is a nice return.
GTN's Dividend Yield is rather good when compared to the industry average which is at 4.36. GTN pays more dividend than 92.63% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, GTN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.93% |
5.2 History
The dividend of GTN is nicely growing with an annual growth rate of 15.86%!
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
56.76% of the earnings are spent on dividend by GTN. This is a bit on the high side, but may be sustainable.
The Dividend Rate of GTN has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP56.76%
EPS Next 2Y-13.18%
EPS Next 3Y-28.83%
4.67
+0.05 (+1.08%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)
Earnings (Next)
Inst Owners79.67%
Inst Owner Change-0.01%
Ins Owners5.78%
Ins Owner Change3.96%
Market Cap476.76M
Analysts78
Price Target6.2 (32.76%)
Short Float %5.96%
Short Ratio3.57
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.93% |
Yearly Dividend0.86
Dividend Growth(5Y)15.86%
DP56.76%
Div Incr Years0
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)18.43%
Min EPS beat(2)-18.14%
Max EPS beat(2)55%
EPS beat(4)2
Avg EPS beat(4)14.85%
Min EPS beat(4)-18.14%
Max EPS beat(4)55%
EPS beat(8)3
Avg EPS beat(8)43.89%
EPS beat(12)5
Avg EPS beat(12)24.02%
EPS beat(16)7
Avg EPS beat(16)18.9%
Revenue beat(2)1
Avg Revenue beat(2)-0.03%
Min Revenue beat(2)-0.26%
Max Revenue beat(2)0.2%
Revenue beat(4)1
Avg Revenue beat(4)-0.81%
Min Revenue beat(4)-2.79%
Max Revenue beat(4)0.2%
Revenue beat(8)1
Avg Revenue beat(8)-0.95%
Revenue beat(12)4
Avg Revenue beat(12)-0.79%
Revenue beat(16)8
Avg Revenue beat(16)-0.01%
PT rev (1m)2.82%
PT rev (3m)19.28%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-105.88%
EPS NY rev (1m)-19.22%
EPS NY rev (3m)-85.34%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-5.32%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.22%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.51 | ||
| Fwd PE | 1.83 | ||
| P/S | 0.13 | ||
| P/FCF | 0.67 | ||
| P/OCF | 0.58 | ||
| P/B | 0.17 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.46 |
EPS(TTM)1.86
EY39.83%
EPS(NY)2.56
Fwd EY54.72%
FCF(TTM)6.94
FCFY148.5%
OCF(TTM)8.11
OCFY173.67%
SpS34.76
BVpS27.73
TBVpS-52.15
PEG (NY)N/A
PEG (5Y)0.12
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.43% | ||
| ROE | 5.23% | ||
| ROCE | 8.06% | ||
| ROIC | 6.14% | ||
| ROICexc | 6.27% | ||
| ROICexgc | 41.56% | ||
| OM | 22.26% | ||
| PM (TTM) | 4.17% | ||
| GM | 32.46% | ||
| FCFM | 19.95% |
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 Turnover0.34
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.97 | ||
| Debt/FCF | 7.9 | ||
| Debt/EBITDA | 5.2 | ||
| Cap/Depr | 42.25% | ||
| Cap/Sales | 3.38% | ||
| Interest Coverage | 1.91 | ||
| Cash Conversion | 77.1% | ||
| Profit Quality | 478.38% | ||
| Current Ratio | 0.87 | ||
| Quick Ratio | 0.87 | ||
| Altman-Z | 0.8 |
F-Score7
WACC5.89%
ROIC/WACC1.04
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)2557.14%
EPS 3Y46.87%
EPS 5Y21.7%
EPS Q2Q%-566.67%
EPS Next Y-140.42%
EPS Next 2Y-13.18%
EPS Next 3Y-28.83%
EPS Next 5YN/A
Revenue 1Y (TTM)7.03%
Revenue growth 3Y14.73%
Revenue growth 5Y11.42%
Sales Q2Q%-6.54%
Revenue Next Year-14.7%
Revenue Next 2Y-1.74%
Revenue Next 3Y-4.73%
Revenue Next 5YN/A
EBIT growth 1Y54.9%
EBIT growth 3Y27.22%
EBIT growth 5Y11.61%
EBIT Next Year-21.77%
EBIT Next 3Y-5.02%
EBIT Next 5YN/A
FCF growth 1Y51.28%
FCF growth 3Y86.99%
FCF growth 5Y17.2%
OCF growth 1Y-13.57%
OCF growth 3Y35.78%
OCF growth 5Y14.3%