GRAY MEDIA INC (GTN) Stock Fundamental Analysis
NYSE:GTN - US3893751061 - Common Stock
6.12 USD
+0.01 (+0.16%)
6.15 USD
+0.03 (+0.49%)
Taking everything into account, GTN scores 5 out of 10 in our fundamental rating. GTN was compared to 99 industry peers in the Media industry. While GTN has a great profitability rating, there are quite some concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on GTN. 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.
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 65.66% of its industry peers.
GTN has a better Return On Equity (5.23%) than 68.69% of its industry peers.
GTN's Return On Invested Capital of 6.14% is fine compared to the rest of the industry. GTN outperforms 68.69% of its industry peers.
The Average Return On Invested Capital over the past 3 years for GTN is below the industry average of 8.87%.
The last Return On Invested Capital (6.14%) for GTN is above the 3 year average (5.68%), which is a sign of increasing profitability.
| 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 67.68% of its industry peers.
GTN's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 22.26%, GTN belongs to the top of the industry, outperforming 92.93% of the companies in the same industry.
In the last couple of years the Operating Margin of GTN has remained more or less at the same level.
GTN has a Gross Margin (32.46%) which is in line with its industry peers.
GTN's Gross Margin has been stable in the last couple of years.
| 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), GTN is creating some value.
GTN has more shares outstanding than it did 1 year ago.
GTN has less shares outstanding than it did 5 years ago.
The debt/assets ratio for GTN has been reduced compared to a year ago.
2.2 Solvency
GTN has an Altman-Z score of 0.81. This is a bad value and indicates that GTN is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.81, GTN perfoms like the industry average, outperforming 46.46% of the companies in the same industry.
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.
With a decent Debt to FCF ratio value of 7.90, GTN is doing good in the industry, outperforming 65.66% of the companies in the same industry.
A Debt/Equity ratio of 1.97 is on the high side and indicates that GTN has dependencies on debt financing.
The Debt to Equity ratio of GTN (1.97) is worse than 68.69% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.97 | ||
| Debt/FCF | 7.9 | ||
| Altman-Z | 0.81 |
ROIC/WACC1
WACC6.12%
2.3 Liquidity
A Current Ratio of 0.87 indicates that GTN may have some problems paying its short term obligations.
GTN has a worse Current ratio (0.87) than 67.68% of its industry peers.
A Quick Ratio of 0.87 indicates that GTN may have some problems paying its short term obligations.
With a Quick ratio value of 0.87, GTN is not doing good in the industry: 65.66% of the companies in the same industry are doing better.
| 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.
Measured over the past years, GTN shows a very strong growth in Earnings Per Share. The EPS has been growing by 21.70% on average per year.
GTN shows a small growth in Revenue. In the last year, the Revenue has grown by 7.03%.
GTN shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.42% yearly.
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 -28.61% yearly.
Based on estimates for the next years, GTN will show a decrease in Revenue. The Revenue will decrease by -4.32% on average per year.
EPS Next Y-133.91%
EPS Next 2Y-14.88%
EPS Next 3Y-28.61%
EPS Next 5YN/A
Revenue Next Year-14.07%
Revenue Next 2Y-1.3%
Revenue Next 3Y-4.32%
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.
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
GTN is valuated cheaply with a Price/Earnings ratio of 3.29.
Based on the Price/Earnings ratio, GTN is valued cheaper than 95.96% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.06, GTN is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 2.49, the valuation of GTN can be described as very cheap.
GTN's Price/Forward Earnings ratio is rather cheap when compared to the industry. GTN is cheaper than 98.99% of the companies in the same industry.
GTN is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.69, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.29 | ||
| Fwd PE | 2.49 |
4.2 Price Multiples
GTN's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. GTN is cheaper than 85.86% of the companies 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 | 0.88 | ||
| EV/EBITDA | 5.6 |
4.3 Compensation for Growth
The decent profitability rating of GTN may justify a higher PE ratio.
A cheap valuation may be justified as GTN's earnings are expected to decrease with -28.61% in the coming years.
PEG (NY)N/A
PEG (5Y)0.15
EPS Next 2Y-14.88%
EPS Next 3Y-28.61%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.25%, GTN is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.74, GTN pays a better dividend. On top of this GTN pays more dividend than 91.92% 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 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.25% |
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.
GTN's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP56.76%
EPS Next 2Y-14.88%
EPS Next 3Y-28.61%
6.12
+0.01 (+0.16%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)
Earnings (Next)
Inst Owners75.17%
Inst Owner Change6.38%
Ins Owners5.82%
Ins Owner Change3.48%
Market Cap624.79M
Analysts74
Price Target6.04 (-1.31%)
Short Float %5.25%
Short Ratio2.77
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.25% |
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)16.01%
PT rev (3m)9.57%
EPS NQ rev (1m)-63.73%
EPS NQ rev (3m)-119.02%
EPS NY rev (1m)-55.46%
EPS NY rev (3m)-74.54%
Revenue NQ rev (1m)-3.81%
Revenue NQ rev (3m)-4.61%
Revenue NY rev (1m)-1.5%
Revenue NY rev (3m)-2.05%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.29 | ||
| Fwd PE | 2.49 | ||
| P/S | 0.18 | ||
| P/FCF | 0.88 | ||
| P/OCF | 0.75 | ||
| P/B | 0.22 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.6 |
EPS(TTM)1.86
EY30.39%
EPS(NY)2.46
Fwd EY40.14%
FCF(TTM)6.94
FCFY113.32%
OCF(TTM)8.11
OCFY132.52%
SpS34.76
BVpS27.73
TBVpS-52.15
PEG (NY)N/A
PEG (5Y)0.15
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 | 0.81 |
F-Score7
WACC6.12%
ROIC/WACC1
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-133.91%
EPS Next 2Y-14.88%
EPS Next 3Y-28.61%
EPS Next 5YN/A
Revenue 1Y (TTM)7.03%
Revenue growth 3Y14.73%
Revenue growth 5Y11.42%
Sales Q2Q%-6.54%
Revenue Next Year-14.07%
Revenue Next 2Y-1.3%
Revenue Next 3Y-4.32%
Revenue Next 5YN/A
EBIT growth 1Y54.9%
EBIT growth 3Y27.22%
EBIT growth 5Y11.61%
EBIT Next Year-19.71%
EBIT Next 3Y-4.03%
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%