TEGNA INC (TGNA) Stock Fundamental Analysis
USA - NYSE:TGNA - US87901J1051 - Common Stock
20.86 USD
-0.15 (-0.71%)
20.86 USD
0 (0%)
Overall TGNA gets a fundamental rating of 6 out of 10. We evaluated TGNA against 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 valued quite cheap, but it does not seem to be growing. This makes TGNA very considerable 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.
TGNA had positive earnings in each of the past 5 years.
Each year in the past 5 years TGNA had a positive operating cash flow.
1.2 Ratios
TGNA has a Return On Assets of 6.20%. This is amongst the best in the industry. TGNA outperforms 81.00% of its industry peers.
TGNA's Return On Equity of 14.63% is amongst the best of the industry. TGNA outperforms 84.00% of its industry peers.
TGNA has a Return On Invested Capital of 9.05%. This is amongst the best in the industry. TGNA outperforms 87.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for TGNA is in line with the industry average of 8.87%.
| 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
TGNA has a Profit Margin of 14.93%. This is amongst the best in the industry. TGNA outperforms 91.00% of its industry peers.
TGNA's Profit Margin has improved in the last couple of years.
TGNA's Operating Margin of 24.33% is amongst the best of the industry. TGNA outperforms 97.00% of its industry peers.
In the last couple of years the Operating Margin of TGNA has remained more or less at the same level.
The Gross Margin of TGNA (42.05%) is comparable to the rest of the industry.
In the last couple of years the Gross Margin of TGNA has remained more or less at the same level.
| 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.
TGNA has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, TGNA has less shares outstanding
The debt/assets ratio for TGNA has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.95 indicates that TGNA is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.95, TGNA belongs to the top of the industry, outperforming 81.00% of the companies in the same industry.
The Debt to FCF ratio of TGNA is 5.35, which is a neutral value as it means it would take TGNA, 5.35 years of fcf income to pay off all of its debts.
TGNA has a Debt to FCF ratio of 5.35. This is in the better half of the industry: TGNA outperforms 76.00% of its industry peers.
TGNA has a Debt/Equity ratio of 0.82. This is a neutral value indicating TGNA is somewhat dependend on debt financing.
TGNA's Debt to Equity ratio of 0.82 is in line compared to the rest of the industry. TGNA outperforms 50.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.82 | ||
| Debt/FCF | 5.35 | ||
| Altman-Z | 2.95 |
ROIC/WACC1.37
WACC6.59%
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 of 1.47. This is in the better half of the industry: TGNA outperforms 61.00% of its industry peers.
A Quick Ratio of 1.47 indicates that TGNA should not have too much problems paying its short term obligations.
TGNA's Quick ratio of 1.47 is fine compared to the rest of the industry. TGNA outperforms 62.00% of 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.
Measured over the past years, TGNA shows a quite strong growth in Earnings Per Share. The EPS has been growing by 17.57% on average per year.
The Revenue has been growing slightly by 5.89% in the past year.
The Revenue has been growing slightly by 6.17% on average over the past years.
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.
Based on estimates for the next years, TGNA will show a decrease in Revenue. The Revenue will decrease by -0.69% on average per year.
EPS Next Y-46.5%
EPS Next 2Y3.51%
EPS Next 3Y-8.94%
EPS Next 5Y-2.05%
Revenue Next Year-12.39%
Revenue Next 2Y-1.19%
Revenue Next 3Y-3.93%
Revenue Next 5Y-0.69%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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 7.05, the valuation of TGNA can be described as very cheap.
Based on the Price/Earnings ratio, TGNA is valued cheaper than 89.00% of the companies in the same industry.
TGNA's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.41.
TGNA is valuated cheaply with a Price/Forward Earnings ratio of 6.28.
87.00% of the companies in the same industry are more expensive than TGNA, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of TGNA to the average of the S&P500 Index (22.87), we can say TGNA is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.05 | ||
| Fwd PE | 6.28 |
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.
Based on the Price/Free Cash Flow ratio, TGNA is valued cheaply inside the industry as 85.00% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.83 | ||
| EV/EBITDA | 6.76 |
4.3 Compensation for Growth
The excellent profitability rating of TGNA may justify a higher PE ratio.
A cheap valuation may be justified as TGNA's earnings are expected to decrease with -8.94% in the coming years.
PEG (NY)N/A
PEG (5Y)0.4
EPS Next 2Y3.51%
EPS Next 3Y-8.94%
5. Dividend
5.1 Amount
TGNA has a Yearly Dividend Yield of 2.38%. Purely for dividend investing, there may be better candidates out there.
TGNA's Dividend Yield is a higher than the industry average which is at 4.55.
TGNA's Dividend Yield is comparable with the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.38% |
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%
20.86
-0.15 (-0.71%)
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 Change4.71%
Market Cap3.36B
Analysts78.18
Price Target21.76 (4.31%)
Short Float %4.75%
Short Ratio2.32
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.38% |
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)1.59%
PT rev (3m)0.39%
EPS NQ rev (1m)-3.53%
EPS NQ rev (3m)-15.03%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.9%
Revenue NQ rev (1m)-0.03%
Revenue NQ rev (3m)-3.05%
Revenue NY rev (1m)-0.22%
Revenue NY rev (3m)-1.21%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.05 | ||
| Fwd PE | 6.28 | ||
| P/S | 1.11 | ||
| P/FCF | 5.83 | ||
| P/OCF | 5.42 | ||
| P/B | 1.09 | ||
| P/tB | N/A | ||
| EV/EBITDA | 6.76 |
EPS(TTM)2.96
EY14.19%
EPS(NY)3.32
Fwd EY15.92%
FCF(TTM)3.58
FCFY17.14%
OCF(TTM)3.85
OCFY18.44%
SpS18.83
BVpS19.21
TBVpS-13.75
PEG (NY)N/A
PEG (5Y)0.4
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
WACC6.59%
ROIC/WACC1.37
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-12.39%
Revenue Next 2Y-1.19%
Revenue Next 3Y-3.93%
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%