TEGNA INC (TGNA) Stock Fundamental Analysis
USA - NYSE:TGNA - US87901J1051 - Common Stock
19.85 USD
-0.16 (-0.8%)
19.85 USD
0 (0%)
TGNA gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 95 industry peers in the Media industry. While TGNA has a great profitability rating, there are some minor concerns on its financial health. TGNA is valued quite cheap, but it does not seem to be growing. These ratings would make TGNA suitable for value investing!
1. Profitability
1.1 Basic Checks
In the past year TGNA was profitable.
In the past year TGNA had a positive cash flow from operations.
Each year in the past 5 years TGNA has been profitable.
TGNA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
TGNA has a better Return On Assets (6.20%) than 81.05% of its industry peers.
TGNA has a Return On Equity of 14.63%. This is amongst the best in the industry. TGNA outperforms 84.21% of its industry peers.
With an excellent Return On Invested Capital value of 9.05%, TGNA belongs to the best of the industry, outperforming 87.37% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for TGNA is in line with the industry average of 8.50%.
| 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
The Profit Margin of TGNA (14.93%) is better than 92.63% of its industry peers.
In the last couple of years the Profit Margin of TGNA has grown nicely.
TGNA's Operating Margin of 24.33% is amongst the best of the industry. TGNA outperforms 97.89% of its industry peers.
TGNA's Operating Margin has been stable in the last couple of years.
TGNA has a Gross Margin (42.05%) which is in line with its industry peers.
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
TGNA has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for TGNA has been reduced compared to 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
TGNA has an Altman-Z score of 2.92. 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 has a better Altman-Z score (2.92) than 81.05% of its industry peers.
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.
With a decent Debt to FCF ratio value of 5.35, TGNA is doing good in the industry, outperforming 73.68% of the companies in the same industry.
TGNA has a Debt/Equity ratio of 0.82. This is a neutral value indicating TGNA is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.82, TGNA perfoms like the industry average, outperforming 50.53% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.82 | ||
| Debt/FCF | 5.35 | ||
| Altman-Z | 2.92 |
ROIC/WACC1.4
WACC6.47%
2.3 Liquidity
TGNA has a Current 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 better Current ratio (1.47) than 61.05% of 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 of 1.47. This is in the better half of the industry: TGNA outperforms 62.11% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.47 | ||
| Quick Ratio | 1.47 |
3. Growth
3.1 Past
TGNA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 67.23%, which is quite impressive.
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.
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
The Earnings Per Share is expected to decrease by -2.05% on average over the next years.
TGNA is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.69% yearly.
EPS Next Y-47.42%
EPS Next 2Y1.55%
EPS Next 3Y-10.9%
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
The Price/Earnings ratio is 6.71, which indicates a rather cheap valuation of TGNA.
Based on the Price/Earnings ratio, TGNA is valued cheaply inside the industry as 89.47% of the companies are valued more expensively.
TGNA's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.53.
The Price/Forward Earnings ratio is 6.21, which indicates a rather cheap valuation of TGNA.
Based on the Price/Forward Earnings ratio, TGNA is valued cheaply inside the industry as 85.26% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.04, TGNA is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.71 | ||
| Fwd PE | 6.21 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TGNA is valued a bit cheaper than 77.89% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, TGNA is valued cheaper than 82.11% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.55 | ||
| EV/EBITDA | 6.54 |
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 -10.90% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.38
EPS Next 2Y1.55%
EPS Next 3Y-10.9%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.48%, TGNA has a reasonable but not impressive dividend return.
TGNA's Dividend Yield is a higher than the industry average which is at 4.36.
TGNA's Dividend Yield is comparable with the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.48% |
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
TGNA pays out 17.82% of its income as dividend. This is a sustainable payout ratio.
DP17.82%
EPS Next 2Y1.55%
EPS Next 3Y-10.9%
19.85
-0.16 (-0.8%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)
Earnings (Next)
Inst Owners103.14%
Inst Owner Change0.01%
Ins Owners0.51%
Ins Owner Change6%
Market Cap3.20B
Analysts78.18
Price Target21.76 (9.62%)
Short Float %6.04%
Short Ratio2.61
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.48% |
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)0%
PT rev (3m)0.39%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-15.03%
EPS NY rev (1m)-1.72%
EPS NY rev (3m)-0.75%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-3.05%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.21%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.71 | ||
| Fwd PE | 6.21 | ||
| P/S | 1.05 | ||
| P/FCF | 5.55 | ||
| P/OCF | 5.16 | ||
| P/B | 1.03 | ||
| P/tB | N/A | ||
| EV/EBITDA | 6.54 |
EPS(TTM)2.96
EY14.91%
EPS(NY)3.2
Fwd EY16.1%
FCF(TTM)3.58
FCFY18.01%
OCF(TTM)3.85
OCFY19.38%
SpS18.83
BVpS19.21
TBVpS-13.75
PEG (NY)N/A
PEG (5Y)0.38
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 | 2.92 |
F-Score7
WACC6.47%
ROIC/WACC1.4
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-47.42%
EPS Next 2Y1.55%
EPS Next 3Y-10.9%
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-29.7%
EBIT Next 3Y-6.86%
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%