TEGNA INC (TGNA) Stock Fundamental Analysis
NYSE:TGNA - US87901J1051 - Common Stock
21.08 USD
+0.02 (+0.09%)
21.11 USD
+0.03 (+0.14%)
We assign a fundamental rating of 6 out of 10 to TGNA. TGNA was compared to 100 industry peers in the Media industry. While TGNA belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. TGNA is cheap, but on the other hand it scores bad on growth. These ratings would make TGNA suitable for value investing!
1. Profitability
1.1 Basic Checks
In the past year TGNA was profitable.
TGNA had a positive operating cash flow in the past year.
In the past 5 years TGNA has always been profitable.
Each year in the past 5 years TGNA had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 6.20%, TGNA belongs to the top of the industry, outperforming 82.00% of the companies in the same industry.
The Return On Equity of TGNA (14.63%) is better than 84.00% of its industry peers.
TGNA has a better Return On Invested Capital (9.05%) than 88.00% of its industry peers.
TGNA had an Average Return On Invested Capital over the past 3 years of 9.16%. This is in line with the industry average of 7.51%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.2% | ||
| ROE | 14.63% | ||
| ROIC | 9.05% |
ROA(3y)7.85%
ROA(5y)7.49%
ROE(3y)19.32%
ROE(5y)20.06%
ROIC(3y)9.16%
ROIC(5y)9.46%
1.3 Margins
Looking at the Profit Margin, with a value of 14.93%, TGNA belongs to the top of the industry, outperforming 92.00% of the companies in the same industry.
TGNA's Profit Margin has improved in the last couple of years.
The Operating Margin of TGNA (24.33%) is better than 98.00% of its industry peers.
TGNA's Operating Margin has been stable in the last couple of years.
With a Gross Margin value of 42.05%, TGNA perfoms like the industry average, outperforming 54.00% of the companies in the same industry.
TGNA's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.33% | ||
| PM (TTM) | 14.93% | ||
| GM | 42.05% |
OM growth 3Y-0.6%
OM growth 5Y0.24%
PM growth 3Y6.5%
PM growth 5Y9.13%
GM growth 3Y-2.32%
GM growth 5Y-1.41%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), TGNA is creating some value.
The number of shares outstanding for TGNA has been reduced compared to 1 year ago.
TGNA has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, TGNA has an improved debt to assets ratio.
2.2 Solvency
TGNA has an Altman-Z score of 2.95. This is not the best score and indicates that TGNA is in the grey zone with still only limited risk for bankruptcy at the moment.
TGNA's Altman-Z score of 2.95 is amongst the best of the industry. TGNA outperforms 82.00% of its industry peers.
TGNA has a debt to FCF ratio of 5.35. This is a neutral value as TGNA would need 5.35 years to pay back of all of its debts.
TGNA has a better Debt to FCF ratio (5.35) than 74.00% of its industry peers.
A Debt/Equity ratio of 0.82 indicates that TGNA is somewhat dependend on debt financing.
TGNA has a Debt to Equity ratio (0.82) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.82 | ||
| Debt/FCF | 5.35 | ||
| Altman-Z | 2.95 |
ROIC/WACC1.35
WACC6.69%
2.3 Liquidity
A Current Ratio of 1.47 indicates that TGNA should not have too much problems paying its short term obligations.
TGNA has a Current ratio (1.47) which is in line with its industry peers.
TGNA has a Quick Ratio of 1.47. This is a normal value and indicates that TGNA is financially healthy and should not expect problems in meeting its short term obligations.
TGNA has a Quick ratio (1.47) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.47 | ||
| Quick Ratio | 1.47 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 67.23% over the past year.
The Earnings Per Share has been growing by 17.57% on average over the past years. This is quite good.
Looking at the last year, TGNA shows a small growth in Revenue. The Revenue has grown by 5.89% in the last year.
Measured over the past years, TGNA shows a small growth in Revenue. The Revenue has been growing by 6.17% on average per year.
EPS 1Y (TTM)67.23%
EPS 3Y13.15%
EPS 5Y17.57%
EPS Q2Q%-12%
Revenue 1Y (TTM)5.89%
Revenue growth 3Y1.22%
Revenue growth 5Y6.17%
Sales Q2Q%-4.97%
3.2 Future
Based on estimates for the next years, TGNA will show a decrease in Earnings Per Share. The EPS will decrease by -2.05% on average per year.
TGNA is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.69% yearly.
EPS Next Y-46.5%
EPS Next 2Y3.51%
EPS Next 3Y-8.94%
EPS Next 5Y-2.05%
Revenue Next Year-12.2%
Revenue Next 2Y-1.06%
Revenue Next 3Y-3.7%
Revenue Next 5Y-0.69%
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
Based on the Price/Earnings ratio of 7.12, the valuation of TGNA can be described as very cheap.
Compared to the rest of the industry, the Price/Earnings ratio of TGNA indicates a rather cheap valuation: TGNA is cheaper than 90.00% of the companies listed in the same industry.
TGNA is valuated cheaply when we compare the Price/Earnings ratio to 27.24, which is the current average of the S&P500 Index.
TGNA is valuated cheaply with a Price/Forward Earnings ratio of 6.35.
Compared to the rest of the industry, the Price/Forward Earnings ratio of TGNA indicates a rather cheap valuation: TGNA is cheaper than 86.00% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.81. TGNA is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.12 | ||
| Fwd PE | 6.35 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TGNA indicates a somewhat cheap valuation: TGNA is cheaper than 76.00% of the companies listed in the same industry.
87.00% of the companies in the same industry are more expensive than TGNA, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.89 | ||
| EV/EBITDA | 6.77 |
4.3 Compensation for Growth
The excellent profitability rating of TGNA may justify a higher PE ratio.
TGNA's earnings are expected to decrease with -8.94% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.41
EPS Next 2Y3.51%
EPS Next 3Y-8.94%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.37%, TGNA has a reasonable but not impressive dividend return.
TGNA's Dividend Yield is a higher than the industry average which is at 4.93.
Compared to an average S&P500 Dividend Yield of 2.34, TGNA has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.37% |
5.2 History
On average, the dividend of TGNA grows each year by 11.34%, which is quite nice.
TGNA has paid a dividend for at least 10 years, which is a reliable track record.
As TGNA did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)11.34%
Div Incr Years4
Div Non Decr Years8
5.3 Sustainability
17.82% of the earnings are spent on dividend by TGNA. This is a low number and sustainable payout ratio.
DP17.82%
EPS Next 2Y3.51%
EPS Next 3Y-8.94%
21.08
+0.02 (+0.09%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)
Earnings (Next)
Inst Owners102.39%
Inst Owner Change5.41%
Ins Owners0.49%
Ins Owner Change8.36%
Market Cap3.39B
Analysts80
Price Target21.17 (0.43%)
Short Float %3.66%
Short Ratio2.97
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.37% |
Yearly Dividend0.48
Dividend Growth(5Y)11.34%
DP17.82%
Div Incr Years4
Div Non Decr Years8
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)14.27%
Min EPS beat(2)11.96%
Max EPS beat(2)16.59%
EPS beat(4)4
Avg EPS beat(4)9.47%
Min EPS beat(4)1.91%
Max EPS beat(4)16.59%
EPS beat(8)6
Avg EPS beat(8)3.7%
EPS beat(12)7
Avg EPS beat(12)0.43%
EPS beat(16)10
Avg EPS beat(16)1.22%
Revenue beat(2)0
Avg Revenue beat(2)-1.64%
Min Revenue beat(2)-1.8%
Max Revenue beat(2)-1.48%
Revenue beat(4)0
Avg Revenue beat(4)-1.42%
Min Revenue beat(4)-1.99%
Max Revenue beat(4)-0.43%
Revenue beat(8)0
Avg Revenue beat(8)-2.33%
Revenue beat(12)0
Avg Revenue beat(12)-3.07%
Revenue beat(16)0
Avg Revenue beat(16)-2.8%
PT rev (1m)-1.19%
PT rev (3m)1.72%
EPS NQ rev (1m)-11.92%
EPS NQ rev (3m)-21.54%
EPS NY rev (1m)0.99%
EPS NY rev (3m)-3.9%
Revenue NQ rev (1m)-2.92%
Revenue NQ rev (3m)-3.25%
Revenue NY rev (1m)-0.93%
Revenue NY rev (3m)-1.17%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.12 | ||
| Fwd PE | 6.35 | ||
| P/S | 1.12 | ||
| P/FCF | 5.89 | ||
| P/OCF | 5.48 | ||
| P/B | 1.1 | ||
| P/tB | N/A | ||
| EV/EBITDA | 6.77 |
EPS(TTM)2.96
EY14.04%
EPS(NY)3.32
Fwd EY15.75%
FCF(TTM)3.58
FCFY16.98%
OCF(TTM)3.85
OCFY18.26%
SpS18.85
BVpS19.23
TBVpS-13.76
PEG (NY)N/A
PEG (5Y)0.41
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.2% | ||
| ROE | 14.63% | ||
| ROCE | 11.6% | ||
| ROIC | 9.05% | ||
| ROICexc | 10.27% | ||
| ROICexgc | 193.01% | ||
| OM | 24.33% | ||
| PM (TTM) | 14.93% | ||
| GM | 42.05% | ||
| FCFM | 18.98% |
ROA(3y)7.85%
ROA(5y)7.49%
ROE(3y)19.32%
ROE(5y)20.06%
ROIC(3y)9.16%
ROIC(5y)9.46%
ROICexc(3y)9.96%
ROICexc(5y)9.97%
ROICexgc(3y)67.45%
ROICexgc(5y)66.75%
ROCE(3y)11.74%
ROCE(5y)12.12%
ROICexcg growth 3Y8.77%
ROICexcg growth 5Y11.27%
ROICexc growth 3Y2.32%
ROICexc growth 5Y7.76%
OM growth 3Y-0.6%
OM growth 5Y0.24%
PM growth 3Y6.5%
PM growth 5Y9.13%
GM growth 3Y-2.32%
GM growth 5Y-1.41%
F-Score7
Asset Turnover0.42
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.82 | ||
| Debt/FCF | 5.35 | ||
| Debt/EBITDA | 3 | ||
| Cap/Depr | 41.26% | ||
| Cap/Sales | 1.44% | ||
| Interest Coverage | 4.51 | ||
| Cash Conversion | 73.43% | ||
| Profit Quality | 127.18% | ||
| Current Ratio | 1.47 | ||
| Quick Ratio | 1.47 | ||
| Altman-Z | 2.95 |
F-Score7
WACC6.69%
ROIC/WACC1.35
Cap/Depr(3y)45.62%
Cap/Depr(5y)44.01%
Cap/Sales(3y)1.71%
Cap/Sales(5y)1.76%
Profit Quality(3y)112.93%
Profit Quality(5y)117.67%
High Growth Momentum
Growth
EPS 1Y (TTM)67.23%
EPS 3Y13.15%
EPS 5Y17.57%
EPS Q2Q%-12%
EPS Next Y-46.5%
EPS Next 2Y3.51%
EPS Next 3Y-8.94%
EPS Next 5Y-2.05%
Revenue 1Y (TTM)5.89%
Revenue growth 3Y1.22%
Revenue growth 5Y6.17%
Sales Q2Q%-4.97%
Revenue Next Year-12.2%
Revenue Next 2Y-1.06%
Revenue Next 3Y-3.7%
Revenue Next 5Y-0.69%
EBIT growth 1Y31.44%
EBIT growth 3Y0.61%
EBIT growth 5Y6.42%
EBIT Next Year-28.07%
EBIT Next 3Y-10.71%
EBIT Next 5Y-3.5%
FCF growth 1Y-15.9%
FCF growth 3Y12.99%
FCF growth 5Y24.78%
OCF growth 1Y-14.97%
OCF growth 3Y10.94%
OCF growth 5Y18.15%