GRAY MEDIA INC (GTN) Stock Fundamental Analysis
NYSE:GTN - New York Stock Exchange, Inc. - US3893751061 - Common Stock - Currency: USD
Taking everything into account, GTN scores 5 out of 10 in our fundamental rating. GTN was compared to 98 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 is valued quite cheap, while showing a decent growth score. This is a good combination! Finally GTN also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
GTN had positive earnings in the past year.
In the past year GTN had a positive cash flow from operations.
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
With a decent Return On Assets value of 2.17%, GTN is doing good in the industry, outperforming 71.43% of the companies in the same industry.
GTN has a better Return On Equity (7.78%) than 72.45% of its industry peers.
GTN has a Return On Invested Capital of 6.44%. This is in the better half of the industry: GTN outperforms 71.43% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for GTN is in line with the industry average of 7.50%.
The 3 year average ROIC (5.68%) for GTN is below the current ROIC(6.44%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.17% | ||
| ROE | 7.78% | ||
| ROIC | 6.44% |
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 (6.27%) is better than 76.53% of its industry peers.
In the last couple of years the Profit Margin of GTN has grown nicely.
GTN's Operating Margin of 23.23% is amongst the best of the industry. GTN outperforms 94.90% of its industry peers.
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 of 33.58%. This is comparable to the rest of the industry: GTN outperforms 46.94% 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 | 23.23% | ||
| PM (TTM) | 6.27% | ||
| GM | 33.58% |
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.
GTN has more shares outstanding than it did 1 year ago.
The number of shares outstanding for GTN has been reduced compared to 5 years ago.
GTN has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.82, 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 0.82, GTN is in line with its industry, outperforming 46.94% of the companies in the same industry.
The Debt to FCF ratio of GTN is 8.12, which is on the high side as it means it would take GTN, 8.12 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of GTN (8.12) is better than 65.31% of its industry peers.
A Debt/Equity ratio of 1.92 is on the high side and indicates that GTN has dependencies on debt financing.
With a Debt to Equity ratio value of 1.92, GTN is not doing good in the industry: 72.45% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.92 | ||
| Debt/FCF | 8.12 | ||
| Altman-Z | 0.82 |
ROIC/WACC1.08
WACC5.97%
2.3 Liquidity
GTN has a Current Ratio of 0.91. 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 (0.91) is worse than 73.47% of its industry peers.
GTN has a Quick Ratio of 0.91. 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 Quick ratio of GTN (0.91) is worse than 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.91 | ||
| Quick Ratio | 0.91 |
3. Growth
3.1 Past
GTN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 2557.14%, which is quite impressive.
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%.
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)11.06%
Revenue growth 3Y14.73%
Revenue growth 5Y11.42%
Sales Q2Q%-6.54%
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 -27.44% on average per year.
Based on estimates for the next years, GTN will show a decrease in Revenue. The Revenue will decrease by -3.51% on average per year.
EPS Next Y-121.81%
EPS Next 2Y-13.39%
EPS Next 3Y-27.44%
EPS Next 5YN/A
Revenue Next Year-12.77%
Revenue Next 2Y0%
Revenue Next 3Y-3.51%
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.
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
With a Price/Earnings ratio of 2.72, the valuation of GTN can be described as very cheap.
100.00% of the companies in the same industry are more expensive than GTN, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 26.41, GTN is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 1.99, the valuation of GTN can be described as very cheap.
Based on the Price/Forward Earnings ratio, GTN is valued cheaply inside the industry as 98.98% of the companies are valued more expensively.
GTN is valuated cheaply when we compare the Price/Forward Earnings ratio to 33.87, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.72 | ||
| Fwd PE | 1.99 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, GTN is valued cheaply inside the industry as 88.78% of the companies are valued more expensively.
GTN's Price/Free Cash Flow ratio is rather cheap when compared to the industry. GTN is cheaper than 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 0.75 | ||
| EV/EBITDA | 5.15 |
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 -27.44% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.13
EPS Next 2Y-13.39%
EPS Next 3Y-27.44%
5. Dividend
5.1 Amount
GTN has a Yearly Dividend Yield of 7.75%, which is a nice return.
Compared to an average industry Dividend Yield of 4.99, GTN pays a better dividend. On top of this GTN pays more dividend than 91.84% 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 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.75% |
5.2 History
The dividend of GTN is nicely growing with an annual growth rate of 15.86%!
GTN has paid a dividend for at least 10 years, which is 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 37.17% of its income as dividend. This is a sustainable payout ratio.
DP37.17%
EPS Next 2Y-13.39%
EPS Next 3Y-27.44%
5.06
+0.93 (+22.52%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)
Earnings (Next)
Inst Owners75.17%
Inst Owner Change-0.53%
Ins Owners5.82%
Ins Owner Change27.76%
Market Cap515.06M
Analysts74
Price Target5.2 (2.77%)
Short Float %4.94%
Short Ratio3.11
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.75% |
Yearly Dividend0.86
Dividend Growth(5Y)15.86%
DP37.17%
Div Incr Years0
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)42.45%
Min EPS beat(2)29.9%
Max EPS beat(2)55%
EPS beat(4)2
Avg EPS beat(4)17.66%
Min EPS beat(4)-7.38%
Max EPS beat(4)55%
EPS beat(8)4
Avg EPS beat(8)51.61%
EPS beat(12)6
Avg EPS beat(12)25.81%
EPS beat(16)7
Avg EPS beat(16)19.33%
Revenue beat(2)1
Avg Revenue beat(2)-0.09%
Min Revenue beat(2)-0.38%
Max Revenue beat(2)0.2%
Revenue beat(4)1
Avg Revenue beat(4)-1.27%
Min Revenue beat(4)-2.79%
Max Revenue beat(4)0.2%
Revenue beat(8)2
Avg Revenue beat(8)-0.78%
Revenue beat(12)5
Avg Revenue beat(12)-0.73%
Revenue beat(16)8
Avg Revenue beat(16)0%
PT rev (1m)0%
PT rev (3m)-5.56%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-117.28%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.81%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-3.18%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.2%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.72 | ||
| Fwd PE | 1.99 | ||
| P/S | 0.14 | ||
| P/FCF | 0.75 | ||
| P/OCF | 0.63 | ||
| P/B | 0.18 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.15 |
EPS(TTM)1.86
EY36.76%
EPS(NY)2.54
Fwd EY50.26%
FCF(TTM)6.79
FCFY134.16%
OCF(TTM)8.01
OCFY158.23%
SpS35.4
BVpS28.53
TBVpS-52.18
PEG (NY)N/A
PEG (5Y)0.13
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.17% | ||
| ROE | 7.78% | ||
| ROCE | 8.45% | ||
| ROIC | 6.44% | ||
| ROICexc | 6.58% | ||
| ROICexgc | 43.11% | ||
| OM | 23.23% | ||
| PM (TTM) | 6.27% | ||
| GM | 33.58% | ||
| FCFM | 19.18% |
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 | 1.92 | ||
| Debt/FCF | 8.12 | ||
| Debt/EBITDA | 4.95 | ||
| Cap/Depr | 42.47% | ||
| Cap/Sales | 3.44% | ||
| Interest Coverage | 1.9 | ||
| Cash Conversion | 72.19% | ||
| Profit Quality | 305.75% | ||
| Current Ratio | 0.91 | ||
| Quick Ratio | 0.91 | ||
| Altman-Z | 0.82 |
F-Score7
WACC5.97%
ROIC/WACC1.08
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-121.81%
EPS Next 2Y-13.39%
EPS Next 3Y-27.44%
EPS Next 5YN/A
Revenue 1Y (TTM)11.06%
Revenue growth 3Y14.73%
Revenue growth 5Y11.42%
Sales Q2Q%-6.54%
Revenue Next Year-12.77%
Revenue Next 2Y0%
Revenue Next 3Y-3.51%
Revenue Next 5YN/A
EBIT growth 1Y69.43%
EBIT growth 3Y27.22%
EBIT growth 5Y11.61%
EBIT Next Year-19.71%
EBIT Next 3Y-4.03%
EBIT Next 5YN/A
FCF growth 1Y14.98%
FCF growth 3Y86.99%
FCF growth 5Y17.2%
OCF growth 1Y-25.91%
OCF growth 3Y35.78%
OCF growth 5Y14.3%