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GRAY MEDIA INC-A (GTN.A) Stock Fundamental Analysis

NYSE:GTN.A - New York Stock Exchange, Inc. - US3893752051 - Common Stock - Currency: USD

6.68  -0.19 (-2.77%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to GTN.A. GTN.A was compared to 93 industry peers in the Media industry. While GTN.A is still in line with the averages on profitability rating, there are concerns on its financial health. GTN.A has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

In the past year GTN.A was profitable.
In the past year GTN.A had a positive cash flow from operations.
Of the past 5 years GTN.A 4 years were profitable.
Each year in the past 5 years GTN.A had a positive operating cash flow.
GTN.A Yearly Net Income VS EBIT VS OCF VS FCFGTN.A Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200M 400M 600M 800M

1.2 Ratios

GTN.A's Return On Assets of 1.36% is fine compared to the rest of the industry. GTN.A outperforms 60.92% of its industry peers.
With a decent Return On Equity value of 5.22%, GTN.A is doing good in the industry, outperforming 71.26% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 4.79%, GTN.A is in the better half of the industry, outperforming 64.37% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for GTN.A is below the industry average of 7.01%.
The last Return On Invested Capital (4.79%) for GTN.A is above the 3 year average (4.34%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 1.36%
ROE 5.22%
ROIC 4.79%
ROA(3y)0.92%
ROA(5y)1.85%
ROE(3y)3.75%
ROE(5y)6.43%
ROIC(3y)4.34%
ROIC(5y)5.32%
GTN.A Yearly ROA, ROE, ROICGTN.A Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10 20

1.3 Margins

GTN.A's Profit Margin of 4.19% is fine compared to the rest of the industry. GTN.A outperforms 65.52% of its industry peers.
The Operating Margin of GTN.A (18.91%) is better than 87.36% of its industry peers.
GTN.A's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 30.49%, GTN.A is doing worse than 68.97% of the companies in the same industry.
In the last couple of years the Gross Margin of GTN.A has declined.
Industry RankSector Rank
OM 18.91%
PM (TTM) 4.19%
GM 30.49%
OM growth 3Y-25.99%
OM growth 5Y-16.85%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-11.68%
GM growth 5Y-7.23%
GTN.A Yearly Profit, Operating, Gross MarginsGTN.A Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10 20 30 40

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2

2. Health

2.1 Basic Checks

GTN.A has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
GTN.A has more shares outstanding than it did 1 year ago.
GTN.A has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, GTN.A has about the same debt to assets ratio.
GTN.A Yearly Shares OutstandingGTN.A Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M
GTN.A Yearly Total Debt VS Total AssetsGTN.A Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B 8B 10B

2.2 Solvency

GTN.A has an Altman-Z score of 0.75. This is a bad value and indicates that GTN.A is not financially healthy and even has some risk of bankruptcy.
GTN.A has a Altman-Z score of 0.75. This is comparable to the rest of the industry: GTN.A outperforms 42.53% of its industry peers.
The Debt to FCF ratio of GTN.A is 19.45, which is on the high side as it means it would take GTN.A, 19.45 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 19.45, GTN.A perfoms like the industry average, outperforming 43.68% of the companies in the same industry.
GTN.A has a Debt/Equity ratio of 2.11. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 2.11, GTN.A is not doing good in the industry: 74.71% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 2.11
Debt/FCF 19.45
Altman-Z 0.75
ROIC/WACC0.8
WACC5.98%
GTN.A Yearly LT Debt VS Equity VS FCFGTN.A Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B

2.3 Liquidity

GTN.A has a Current Ratio of 1.13. This is a normal value and indicates that GTN.A is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.13, GTN.A is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
A Quick Ratio of 1.13 indicates that GTN.A should not have too much problems paying its short term obligations.
GTN.A has a Quick ratio of 1.13. This is in the lower half of the industry: GTN.A underperforms 63.22% of its industry peers.
Industry RankSector Rank
Current Ratio 1.13
Quick Ratio 1.13
GTN.A Yearly Current Assets VS Current LiabilitesGTN.A Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B

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5

3. Growth

3.1 Past

GTN.A shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 106.85%, which is quite impressive.
GTN.A shows a decrease in Revenue. In the last year, the revenue decreased by -0.75%.
The Revenue has been growing by 24.79% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)106.85%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%252.63%
Revenue 1Y (TTM)-0.75%
Revenue growth 3Y11.28%
Revenue growth 5Y24.79%
Sales Q2Q%18.31%

3.2 Future

Based on estimates for the next years, GTN.A will show a very strong growth in Earnings Per Share. The EPS will grow by 22.10% on average per year.
Based on estimates for the next years, GTN.A will show a small growth in Revenue. The Revenue will grow by 0.24% on average per year.
EPS Next Y323.51%
EPS Next 2Y24.13%
EPS Next 3Y59.83%
EPS Next 5Y22.1%
Revenue Next Year10.9%
Revenue Next 2Y-0.7%
Revenue Next 3Y4.6%
Revenue Next 5Y0.24%

3.3 Evolution

The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
GTN.A Yearly Revenue VS EstimatesGTN.A Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1B 2B 3B
GTN.A Yearly EPS VS EstimatesGTN.A Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 1 -1 2 3 4

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6

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 4.42, the valuation of GTN.A can be described as very cheap.
Based on the Price/Earnings ratio, GTN.A is valued cheaply inside the industry as 94.25% of the companies are valued more expensively.
GTN.A's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 29.63.
GTN.A is expected to report negative earnings next year, which makes the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE 4.42
Fwd PE N/A
GTN.A Price Earnings VS Forward Price EarningsGTN.A Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 -10 20 30

4.2 Price Multiples

GTN.A's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. GTN.A is cheaper than 74.71% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, GTN.A is valued cheaply inside the industry as 94.25% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 2.2
EV/EBITDA 6.7
GTN.A Per share dataGTN.A EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 -20 -40

4.3 Compensation for Growth

GTN.A's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as GTN.A's earnings are expected to grow with 59.83% in the coming years.
PEG (NY)0.01
PEG (5Y)N/A
EPS Next 2Y24.13%
EPS Next 3Y59.83%

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6

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 8.31%, GTN.A is a good candidate for dividend investing.
GTN.A's Dividend Yield is rather good when compared to the industry average which is at 4.48. GTN.A pays more dividend than 95.40% of the companies in the same industry.
GTN.A's Dividend Yield is rather good when compared to the S&P500 average which is at 2.29.
Industry RankSector Rank
Dividend Yield 8.31%

5.2 History

GTN.A has paid a dividend for at least 10 years, which is a reliable track record.
GTN.A has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years3
GTN.A Yearly Dividends per shareGTN.A Yearly Dividends per shareYearly Dividends per share 2021 2022 2023 2024 0.1 0.2 0.3

5.3 Sustainability

57.93% of the earnings are spent on dividend by GTN.A. This is a bit on the high side, but may be sustainable.
DP57.93%
EPS Next 2Y24.13%
EPS Next 3Y59.83%
GTN.A Yearly Income VS Free CF VS DividendGTN.A Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200M 400M
GTN.A Dividend Payout.GTN.A Dividend Payout, showing the Payout Ratio.GTN.A Dividend Payout.PayoutRetained Earnings

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GRAY MEDIA INC-A

NYSE:GTN.A (2/21/2025, 8:24:51 PM)

6.68

-0.19 (-2.77%)

Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)11-08 2024-11-08/bmo
Earnings (Next)02-27 2025-02-27/amc
Inst Owners83.01%
Inst Owner Change6.84%
Ins Owners5.1%
Ins Owner ChangeN/A
Market Cap665.80M
Analysts72
Price Target11.74 (75.75%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 8.31%
Yearly Dividend0.87
Dividend Growth(5Y)N/A
DP57.93%
Div Incr Years0
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-7.14%
Min EPS beat(2)-7.38%
Max EPS beat(2)-6.9%
EPS beat(4)1
Avg EPS beat(4)90.57%
Min EPS beat(4)-44.89%
Max EPS beat(4)421.45%
EPS beat(8)3
Avg EPS beat(8)31.14%
EPS beat(12)5
Avg EPS beat(12)20.11%
EPS beat(16)7
Avg EPS beat(16)18.42%
Revenue beat(2)0
Avg Revenue beat(2)-2.45%
Min Revenue beat(2)-2.79%
Max Revenue beat(2)-2.11%
Revenue beat(4)0
Avg Revenue beat(4)-1.76%
Min Revenue beat(4)-2.79%
Max Revenue beat(4)-0.91%
Revenue beat(8)3
Avg Revenue beat(8)-0.47%
Revenue beat(12)6
Avg Revenue beat(12)-0.02%
Revenue beat(16)9
Avg Revenue beat(16)0.44%
PT rev (1m)-10.93%
PT rev (3m)3.49%
EPS NQ rev (1m)5.68%
EPS NQ rev (3m)-49.92%
EPS NY rev (1m)6.44%
EPS NY rev (3m)-27.11%
Revenue NQ rev (1m)0.29%
Revenue NQ rev (3m)-13.8%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.4%
Valuation
Industry RankSector Rank
PE 4.42
Fwd PE N/A
P/S 0.19
P/FCF 2.2
P/OCF 1.43
P/B 0.24
P/tB N/A
EV/EBITDA 6.7
EPS(TTM)1.51
EY22.6%
EPS(NY)-0.64
Fwd EYN/A
FCF(TTM)3.04
FCFY45.51%
OCF(TTM)4.68
OCFY69.99%
SpS34.74
BVpS27.89
TBVpS-55.12
PEG (NY)0.01
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 1.36%
ROE 5.22%
ROCE 6.47%
ROIC 4.79%
ROICexc 4.83%
ROICexgc 27.27%
OM 18.91%
PM (TTM) 4.19%
GM 30.49%
FCFM 8.75%
ROA(3y)0.92%
ROA(5y)1.85%
ROE(3y)3.75%
ROE(5y)6.43%
ROIC(3y)4.34%
ROIC(5y)5.32%
ROICexc(3y)4.38%
ROICexc(5y)5.57%
ROICexgc(3y)23.93%
ROICexgc(5y)31.62%
ROCE(3y)5.86%
ROCE(5y)7.18%
ROICexcg growth 3Y-29.04%
ROICexcg growth 5Y-4.78%
ROICexc growth 3Y-28.77%
ROICexc growth 5Y-16.76%
OM growth 3Y-25.99%
OM growth 5Y-16.85%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-11.68%
GM growth 5Y-7.23%
F-Score6
Asset Turnover0.33
Health
Industry RankSector Rank
Debt/Equity 2.11
Debt/FCF 19.45
Debt/EBITDA 6.05
Cap/Depr 51.58%
Cap/Sales 4.71%
Interest Coverage 1.67
Cash Conversion 47.99%
Profit Quality 208.97%
Current Ratio 1.13
Quick Ratio 1.13
Altman-Z 0.75
F-Score6
WACC5.98%
ROIC/WACC0.8
Cap/Depr(3y)95.34%
Cap/Depr(5y)75.81%
Cap/Sales(3y)10.35%
Cap/Sales(5y)8.17%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)106.85%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%252.63%
EPS Next Y323.51%
EPS Next 2Y24.13%
EPS Next 3Y59.83%
EPS Next 5Y22.1%
Revenue 1Y (TTM)-0.75%
Revenue growth 3Y11.28%
Revenue growth 5Y24.79%
Sales Q2Q%18.31%
Revenue Next Year10.9%
Revenue Next 2Y-0.7%
Revenue Next 3Y4.6%
Revenue Next 5Y0.24%
EBIT growth 1Y-6.7%
EBIT growth 3Y-17.64%
EBIT growth 5Y3.77%
EBIT Next Year195.1%
EBIT Next 3Y47.32%
EBIT Next 5Y18.58%
FCF growth 1Y15.65%
FCF growth 3Y-17.89%
FCF growth 5Y3.44%
OCF growth 1Y-23.98%
OCF growth 3Y-0.2%
OCF growth 5Y14.92%