GRAY MEDIA INC (GTN) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:GTN - US3893751061 - Common Stock
4.7 USD
+0.06 (+1.29%)
4.7 USD
0 (0%)
GTN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 96 industry peers in the Media industry. There are concerns on the financial health of GTN while its profitability can be described as average. GTN is cheap, but on the other hand it scores bad on growth.
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.
Of the past 5 years GTN 4 years were profitable.
In the past 5 years GTN always reported a positive cash flow from operatings.
1.2 Ratios
GTN has a Return On Assets (0.41%) which is comparable to the rest of the industry.
With a decent Return On Equity value of 1.50%, GTN is doing good in the industry, outperforming 61.46% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 4.86%, GTN is in the better half of the industry, outperforming 64.58% 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 8.15%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.41% | ||
| ROE | 1.5% | ||
| ROIC | 4.86% |
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 has a better Profit Margin (1.25%) than 60.42% 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 18.67%, GTN belongs to the top of the industry, outperforming 88.54% 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's Gross Margin of 29.27% is on the low side compared to the rest of the industry. GTN is outperformed by 63.54% of its industry peers.
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 | 18.67% | ||
| PM (TTM) | 1.25% | ||
| GM | 29.27% |
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 below the Cost of Capital (WACC), which means it is destroying 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
Based on the Altman-Z score of 0.73, we must say that GTN is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.73, GTN is in line with its industry, outperforming 47.92% of the companies in the same industry.
GTN has a debt to FCF ratio of 12.75. This is a negative value and a sign of low solvency as GTN would need 12.75 years to pay back of all of its debts.
The Debt to FCF ratio of GTN (12.75) is comparable to the rest of the industry.
GTN has a Debt/Equity ratio of 2.00. This is a high value indicating a heavy dependency on external financing.
GTN has a worse Debt to Equity ratio (2.00) than 68.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2 | ||
| Debt/FCF | 12.75 | ||
| Altman-Z | 0.73 |
ROIC/WACC0.83
WACC5.89%
2.3 Liquidity
A Current Ratio of 0.93 indicates that GTN may have some problems paying its short term obligations.
With a Current ratio value of 0.93, GTN is not doing good in the industry: 61.46% of the companies in the same industry are doing better.
A Quick Ratio of 0.93 indicates that GTN may have some problems paying its short term obligations.
GTN has a Quick ratio (0.93) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.93 | ||
| Quick Ratio | 0.93 |
3. Growth
3.1 Past
GTN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -50.33%.
GTN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 21.70% yearly.
The Revenue has decreased by -3.32% in the past year.
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)-50.33%
EPS 3Y46.87%
EPS 5Y21.7%
EPS Q2Q%-127.59%
Revenue 1Y (TTM)-3.32%
Revenue growth 3Y14.73%
Revenue growth 5Y11.42%
Sales Q2Q%-21.16%
3.2 Future
Based on estimates for the next years, GTN will show a very negative growth in Earnings Per Share. The EPS will decrease by -28.83% on average per year.
GTN is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -4.73% yearly.
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.
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
With a Price/Earnings ratio of 6.27, the valuation of GTN can be described as very cheap.
86.46% of the companies in the same industry are more expensive than GTN, based on the Price/Earnings ratio.
GTN is valuated cheaply when we compare the Price/Earnings ratio to 25.65, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 1.84, 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 96.88% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 34.45. GTN is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.27 | ||
| Fwd PE | 1.84 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, GTN is valued a bit cheaper than the industry average as 77.08% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, GTN is valued cheaply inside the industry as 98.96% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 1.09 | ||
| EV/EBITDA | 6.58 |
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 -28.83% in the coming years.
PEG (NY)N/A
PEG (5Y)0.29
EPS Next 2Y-13.18%
EPS Next 3Y-28.83%
5. Dividend
5.1 Amount
GTN has a Yearly Dividend Yield of 7.13%, which is a nice return.
In the last 3 months the price of GTN has falen by -23.33%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
GTN's Dividend Yield is rather good when compared to the industry average which is at 4.66. GTN pays more dividend than 93.75% of the companies in the same industry.
GTN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.13% |
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
200.00% of the earnings are spent on dividend by GTN. This is not a sustainable payout ratio.
The Dividend Rate of GTN has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP200%
EPS Next 2Y-13.18%
EPS Next 3Y-28.83%
4.7
+0.06 (+1.29%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)
Earnings (Next)
Inst Owners79.67%
Inst Owner Change7.32%
Ins Owners5.78%
Ins Owner Change-0.12%
Market Cap479.82M
Revenue(TTM)3.35B
Net Income(TTM)42.00M
Analysts78
Price Target6.53 (38.94%)
Short Float %5.79%
Short Ratio4.35
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.13% |
Yearly Dividend0.86
Dividend Growth(5Y)15.86%
DP200%
Div Incr Years0
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)16.43%
Min EPS beat(2)-18.14%
Max EPS beat(2)51.01%
EPS beat(4)3
Avg EPS beat(4)29.44%
Min EPS beat(4)-18.14%
Max EPS beat(4)55%
EPS beat(8)4
Avg EPS beat(8)60.01%
EPS beat(12)6
Avg EPS beat(12)30.57%
EPS beat(16)8
Avg EPS beat(16)22.45%
Revenue beat(2)0
Avg Revenue beat(2)-0.36%
Min Revenue beat(2)-0.47%
Max Revenue beat(2)-0.26%
Revenue beat(4)1
Avg Revenue beat(4)-0.23%
Min Revenue beat(4)-0.47%
Max Revenue beat(4)0.2%
Revenue beat(8)1
Avg Revenue beat(8)-0.99%
Revenue beat(12)4
Avg Revenue beat(12)-0.39%
Revenue beat(16)7
Avg Revenue beat(16)-0.07%
PT rev (1m)5.21%
PT rev (3m)8.17%
EPS NQ rev (1m)12.79%
EPS NQ rev (3m)-48.81%
EPS NY rev (1m)0%
EPS NY rev (3m)-19.22%
Revenue NQ rev (1m)-0.55%
Revenue NQ rev (3m)-1.76%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.73%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.27 | ||
| Fwd PE | 1.84 | ||
| P/S | 0.14 | ||
| P/FCF | 1.09 | ||
| P/OCF | 0.88 | ||
| P/B | 0.17 | ||
| P/tB | N/A | ||
| EV/EBITDA | 6.58 |
EPS(TTM)0.75
EY15.96%
EPS(NY)2.56
Fwd EY54.37%
FCF(TTM)4.31
FCFY91.7%
OCF(TTM)5.34
OCFY113.58%
SpS32.79
BVpS27.51
TBVpS-52.15
PEG (NY)N/A
PEG (5Y)0.29
Graham Number21.54
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.41% | ||
| ROE | 1.5% | ||
| ROCE | 6.38% | ||
| ROIC | 4.86% | ||
| ROICexc | 4.95% | ||
| ROICexgc | 32.01% | ||
| OM | 18.67% | ||
| PM (TTM) | 1.25% | ||
| GM | 29.27% | ||
| FCFM | 13.14% |
ROA(3y)1.82%
ROA(5y)2.1%
ROE(3y)6.9%
ROE(5y)7.44%
ROIC(3y)5.68%
ROIC(5y)5.66%
ROICexc(3y)5.72%
ROICexc(5y)5.89%
ROICexgc(3y)32.02%
ROICexgc(5y)33.23%
ROCE(3y)7.45%
ROCE(5y)7.43%
ROICexgc growth 3Y30.28%
ROICexgc 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-Score4
Asset Turnover0.32
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2 | ||
| Debt/FCF | 12.75 | ||
| Debt/EBITDA | 6.24 | ||
| Cap/Depr | 38.46% | ||
| Cap/Sales | 3.14% | ||
| Interest Coverage | 1.34 | ||
| Cash Conversion | 60.69% | ||
| Profit Quality | 1047.62% | ||
| Current Ratio | 0.93 | ||
| Quick Ratio | 0.93 | ||
| Altman-Z | 0.73 |
F-Score4
WACC5.89%
ROIC/WACC0.83
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)-50.33%
EPS 3Y46.87%
EPS 5Y21.7%
EPS Q2Q%-127.59%
EPS Next Y-140.42%
EPS Next 2Y-13.18%
EPS Next 3Y-28.83%
EPS Next 5YN/A
Revenue 1Y (TTM)-3.32%
Revenue growth 3Y14.73%
Revenue growth 5Y11.42%
Sales Q2Q%-21.16%
Revenue Next Year-14.7%
Revenue Next 2Y-1.74%
Revenue Next 3Y-4.73%
Revenue Next 5YN/A
EBIT growth 1Y-4.58%
EBIT growth 3Y27.22%
EBIT growth 5Y11.61%
EBIT Next Year-21.77%
EBIT Next 3Y-5.02%
EBIT Next 5YN/A
FCF growth 1Y18.28%
FCF growth 3Y86.99%
FCF growth 5Y17.2%
OCF growth 1Y-31.7%
OCF growth 3Y35.78%
OCF growth 5Y14.3%
GRAY MEDIA INC / GTN FAQ
What is the fundamental rating for GTN stock?
ChartMill assigns a fundamental rating of 5 / 10 to GTN.
Can you provide the valuation status for GRAY MEDIA INC?
ChartMill assigns a valuation rating of 8 / 10 to GRAY MEDIA INC (GTN). This can be considered as Undervalued.
How profitable is GRAY MEDIA INC (GTN) stock?
GRAY MEDIA INC (GTN) has a profitability rating of 6 / 10.
What is the financial health of GRAY MEDIA INC (GTN) stock?
The financial health rating of GRAY MEDIA INC (GTN) is 2 / 10.
What is the earnings growth outlook for GRAY MEDIA INC?
The Earnings per Share (EPS) of GRAY MEDIA INC (GTN) is expected to decline by -140.42% in the next year.