TEGNA INC (TGNA)
US87901J1051 - Common Stock
TGNA gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 96 industry peers in the Media industry. TGNA has only an average score on both its financial health and profitability. TGNA is valued quite cheap, but it does not seem to be growing. Finally TGNA also has an excellent dividend rating. With these ratings, TGNA could be worth investigating further for value and dividend 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's Return On Assets of 6.78% is amongst the best of the industry. TGNA outperforms 90.53% of its industry peers.
With an excellent Return On Equity value of 17.56%, TGNA belongs to the best of the industry, outperforming 88.42% of the companies in the same industry.
TGNA has a Return On Invested Capital of 7.28%. This is in the better half of the industry: TGNA outperforms 77.89% 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 7.68%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.78% | ||
| ROE | 17.56% | ||
| ROIC | 7.28% |
ROA(3y)7.42%
ROA(5y)6.68%
ROE(3y)19%
ROE(5y)19.68%
ROIC(3y)9.14%
ROIC(5y)8.92%
1.3 Margins
TGNA's Profit Margin of 16.32% is amongst the best of the industry. TGNA outperforms 90.53% of its industry peers.
In the last couple of years the Profit Margin of TGNA has declined.
TGNA has a Operating Margin of 21.33%. This is amongst the best in the industry. TGNA outperforms 91.58% of its industry peers.
TGNA's Operating Margin has declined in the last couple of years.
TGNA has a Gross Margin of 40.95%. This is comparable to the rest of the industry: TGNA outperforms 51.58% of its industry peers.
In the last couple of years the Gross Margin of TGNA has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 21.33% | ||
| PM (TTM) | 16.32% | ||
| GM | 40.95% |
OM growth 3Y-10.63%
OM growth 5Y-7.62%
PM growth 3Y-0.17%
PM growth 5Y-2.35%
GM growth 3Y-5.7%
GM growth 5Y-4.56%
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 is higher compared to a year ago.
2.2 Solvency
TGNA has an Altman-Z score of 2.78. 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.
The Altman-Z score of TGNA (2.78) is better than 77.89% of its industry peers.
TGNA has a debt to FCF ratio of 5.77. This is a neutral value as TGNA would need 5.77 years to pay back of all of its debts.
TGNA's Debt to FCF ratio of 5.77 is fine compared to the rest of the industry. TGNA outperforms 74.74% of its industry peers.
TGNA has a Debt/Equity ratio of 1.14. This is a high value indicating a heavy dependency on external financing.
TGNA has a Debt to Equity ratio of 1.14. This is in the lower half of the industry: TGNA underperforms 63.16% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.14 | ||
| Debt/FCF | 5.77 | ||
| Altman-Z | 2.78 |
ROIC/WACC1.06
WACC6.87%
2.3 Liquidity
A Current Ratio of 2.48 indicates that TGNA has no problem at all paying its short term obligations.
TGNA has a Current ratio of 2.48. This is amongst the best in the industry. TGNA outperforms 82.11% of its industry peers.
TGNA has a Quick Ratio of 2.48. This indicates that TGNA is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 2.48, TGNA belongs to the top of the industry, outperforming 82.11% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.48 | ||
| Quick Ratio | 2.48 |
3. Growth
3.1 Past
TGNA shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -38.65%.
The Earnings Per Share has been decreasing by -1.12% on average over the past years.
Looking at the last year, TGNA shows a very negative growth in Revenue. The Revenue has decreased by -11.23% in the last year.
TGNA shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.69% yearly.
EPS 1Y (TTM)-38.65%
EPS 3Y-9.06%
EPS 5Y-1.12%
EPS growth Q2Q-56.12%
Revenue 1Y (TTM)-11.23%
Revenue growth 3Y-0.31%
Revenue growth 5Y5.69%
Revenue growth Q2Q-20.85%
3.2 Future
TGNA is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 22.18% yearly.
Based on estimates for the next years, TGNA will show a small growth in Revenue. The Revenue will grow by 3.32% on average per year.
EPS Next Y84.9%
EPS Next 2Y10.26%
EPS Next 3Y28.69%
EPS Next 5Y22.18%
Revenue Next Year9.78%
Revenue Next 2Y-0.07%
Revenue Next 3Y3.35%
Revenue Next 5Y3.32%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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 8.18, which indicates a very decent valuation of TGNA.
TGNA's Price/Earnings ratio is rather cheap when compared to the industry. TGNA is cheaper than 93.68% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 28.06. TGNA is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 4.42 indicates a rather cheap valuation of TGNA.
TGNA's Price/Forward Earnings ratio is rather cheap when compared to the industry. TGNA is cheaper than 94.74% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of TGNA to the average of the S&P500 Index (20.72), we can say TGNA is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.18 | ||
| Fwd PE | 4.42 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TGNA is valued a bit cheaper than 74.74% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, TGNA is valued cheaper than 89.47% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.68 | ||
| EV/EBITDA | 7.03 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
TGNA has a very decent profitability rating, which may justify a higher PE ratio.
TGNA's earnings are expected to grow with 28.69% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.1
PEG (5Y)N/A
EPS Next 2Y10.26%
EPS Next 3Y28.69%
5. Dividend
5.1 Amount
TGNA has a Yearly Dividend Yield of 3.33%. Purely for dividend investing, there may be better candidates out there.
TGNA's Dividend Yield is rather good when compared to the industry average which is at 4.32. TGNA pays more dividend than 84.21% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.41, TGNA pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.33% |
5.2 History
The dividend of TGNA is nicely growing with an annual growth rate of 8.19%!
TGNA has paid a dividend for at least 10 years, which is a reliable track record.
TGNA has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)8.19%
Div Incr Years3
Div Non Decr Years5
5.3 Sustainability
17.59% of the earnings are spent on dividend by TGNA. This is a low number and sustainable payout ratio.
The dividend of TGNA is growing, but earnings are growing more, so the dividend growth is sustainable.
DP17.59%
EPS Next 2Y10.26%
EPS Next 3Y28.69%
TEGNA INC
NYSE:TGNA (5/2/2024, 7:22:31 PM)
After market: 14.15 0 (0%)14.15
+0.26 (+1.87%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap2.49B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.33% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.18 | ||
| Fwd PE | 4.42 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.1
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.78% | ||
| ROE | 17.56% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 21.33% | ||
| PM (TTM) | 16.32% | ||
| GM | 40.95% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.42
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.14 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.48 | ||
| Quick Ratio | 2.48 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-38.65%
EPS 3Y-9.06%
EPS 5Y
EPS growth Q2Q
EPS Next Y84.9%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-11.23%
Revenue growth 3Y-0.31%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y