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

USA - New York Stock Exchange - NYSE:GTN.A - US3893752051 - Common Stock

13.49 USD
-0.38 (-2.74%)
Last: 1/16/2026, 8:24:30 PM
Fundamental Rating

4

Taking everything into account, GTN.A scores 4 out of 10 in our fundamental rating. GTN.A was compared to 91 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 is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • GTN.A had positive earnings in the past year.
  • GTN.A had a positive operating cash flow in the past year.
  • Of the past 5 years GTN.A 4 years were profitable.
  • GTN.A had a positive operating cash flow in each of the past 5 years.
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M 800M

1.2 Ratios

  • GTN.A has a better Return On Assets (0.41%) than 64.84% of its industry peers.
  • GTN.A has a better Return On Equity (1.50%) than 67.03% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 4.86%, GTN.A is in the better half of the industry, outperforming 67.03% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for GTN.A is in line with the industry average of 7.07%.
Industry RankSector Rank
ROA 0.41%
ROE 1.5%
ROIC 4.86%
ROA(3y)1.82%
ROA(5y)2.1%
ROE(3y)6.9%
ROE(5y)7.44%
ROIC(3y)5.68%
ROIC(5y)5.66%
GTN.A Yearly ROA, ROE, ROICGTN.A Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20

1.3 Margins

  • GTN.A has a Profit Margin of 1.25%. This is in the better half of the industry: GTN.A outperforms 67.03% of its industry peers.
  • GTN.A's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 18.67%, GTN.A belongs to the top of the industry, outperforming 86.81% of the companies in the same industry.
  • In the last couple of years the Operating Margin of GTN.A has remained more or less at the same level.
  • Looking at the Gross Margin, with a value of 29.27%, GTN.A is doing worse than 65.93% of the companies in the same industry.
  • In the last couple of years the Gross Margin of GTN.A has remained more or less at the same level.
Industry RankSector Rank
OM 18.67%
PM (TTM) 1.25%
GM 29.27%
OM growth 3Y10.89%
OM growth 5Y0.17%
PM growth 3Y77.88%
PM growth 5Y8.17%
GM growth 3Y0.85%
GM growth 5Y-1.16%
GTN.A Yearly Profit, Operating, Gross MarginsGTN.A Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 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.
  • The number of shares outstanding for GTN.A has been increased compared to 1 year ago.
  • The number of shares outstanding for GTN.A has been reduced compared to 5 years ago.
  • Compared to 1 year ago, GTN.A has an improved debt to assets ratio.
GTN.A Yearly Shares OutstandingGTN.A Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M
GTN.A Yearly Total Debt VS Total AssetsGTN.A Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

2.2 Solvency

  • Based on the Altman-Z score of 0.80, we must say that GTN.A is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of GTN.A (0.80) is comparable to the rest of the industry.
  • GTN.A has a debt to FCF ratio of 12.75. This is a negative value and a sign of low solvency as GTN.A would need 12.75 years to pay back of all of its debts.
  • GTN.A has a better Debt to FCF ratio (12.75) than 60.44% of its industry peers.
  • GTN.A has a Debt/Equity ratio of 2.00. This is a high value indicating a heavy dependency on external financing.
  • The Debt to Equity ratio of GTN.A (2.00) is worse than 68.13% of its industry peers.
Industry RankSector Rank
Debt/Equity 2
Debt/FCF 12.75
Altman-Z 0.8
ROIC/WACC0.68
WACC7.13%
GTN.A Yearly LT Debt VS Equity VS FCFGTN.A Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.3 Liquidity

  • GTN.A has a Current Ratio of 0.93. This is a bad value and indicates that GTN.A is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Current ratio of GTN.A (0.93) is worse than 61.54% of its industry peers.
  • A Quick Ratio of 0.93 indicates that GTN.A may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.93, GTN.A is doing worse than 60.44% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.93
Quick Ratio 0.93
GTN.A Yearly Current Assets VS Current LiabilitesGTN.A Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

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3

3. Growth

3.1 Past

  • The earnings per share for GTN.A have decreased strongly by -50.33% in the last year.
  • The Earnings Per Share has been growing by 21.70% on average over the past years. This is a very strong growth
  • GTN.A shows a decrease in Revenue. In the last year, the revenue decreased by -3.32%.
  • The Revenue has been growing by 11.42% on average over the past years. This is quite good.
EPS 1Y (TTM)-50.33%
EPS 3Y46.87%
EPS 5Y21.7%
EPS Q2Q%-127.59%
Revenue 1Y (TTM)-3.32%
Revenue growth 3Y14.73%
Revenue growth 5Y11.42%
Sales Q2Q%-21.16%

3.2 Future

  • GTN.A is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -28.41% yearly.
  • The Revenue is expected to decrease by -4.93% on average over the next years.
EPS Next Y-136.2%
EPS Next 2Y-14%
EPS Next 3Y-28.41%
EPS Next 5YN/A
Revenue Next Year-14.83%
Revenue Next 2Y-1.72%
Revenue Next 3Y-4.93%
Revenue Next 5YN/A

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.
GTN.A Yearly Revenue VS EstimatesGTN.A Yearly Revenue VS EstimatesYearly Revenue VS Estimates 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 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

  • The Price/Earnings ratio is 17.99, which indicates a rather expensive current valuation of GTN.A.
  • Compared to the rest of the industry, the Price/Earnings ratio of GTN.A indicates a somewhat cheap valuation: GTN.A is cheaper than 73.63% of the companies listed in the same industry.
  • GTN.A is valuated rather cheaply when we compare the Price/Earnings ratio to 27.47, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 5.38, which indicates a rather cheap valuation of GTN.A.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of GTN.A indicates a rather cheap valuation: GTN.A is cheaper than 86.81% of the companies listed in the same industry.
  • When comparing the Price/Forward Earnings ratio of GTN.A to the average of the S&P500 Index (24.26), we can say GTN.A is valued rather cheaply.
Industry RankSector Rank
PE 17.99
Fwd PE 5.38
GTN.A Price Earnings VS Forward Price EarningsGTN.A Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of GTN.A indicates a somewhat cheap valuation: GTN.A is cheaper than 73.63% of the companies listed in the same industry.
  • 90.11% of the companies in the same industry are more expensive than GTN.A, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 3.13
EV/EBITDA 7.62
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 has a very decent profitability rating, which may justify a higher PE ratio.
  • GTN.A's earnings are expected to decrease with -28.41% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.83
EPS Next 2Y-14%
EPS Next 3Y-28.41%

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6

5. Dividend

5.1 Amount

  • GTN.A has a Yearly Dividend Yield of 7.21%, which is a nice return.
  • Compared to an average industry Dividend Yield of 1.31, GTN.A pays a better dividend. On top of this GTN.A pays more dividend than 95.60% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.89, GTN.A pays a better dividend.
Industry RankSector Rank
Dividend Yield 7.21%

5.2 History

  • On average, the dividend of GTN.A grows each year by 15.86%, which is quite nice.
  • 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)15.86%
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 2025 0.1 0.2 0.3

5.3 Sustainability

  • 200.00% of the earnings are spent on dividend by GTN.A. This is not a sustainable payout ratio.
  • GTN.A's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP200%
EPS Next 2Y-14%
EPS Next 3Y-28.41%
GTN.A Yearly Income VS Free CF VS DividendGTN.A Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M
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 (1/16/2026, 8:24:30 PM)

13.49

-0.38 (-2.74%)

Chartmill FA Rating
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)11-07
Earnings (Next)02-25
Inst Owners85.51%
Inst Owner Change0%
Ins Owners5.74%
Ins Owner ChangeN/A
Market Cap1.38B
Revenue(TTM)3.35B
Net Income(TTM)42.00M
Analysts77.78
Price Target13.95 (3.41%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 7.21%
Yearly Dividend0.86
Dividend Growth(5Y)15.86%
DP200%
Div Incr Years0
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)15.65%
Min EPS beat(2)-18.14%
Max EPS beat(2)49.44%
EPS beat(4)3
Avg EPS beat(4)29.05%
Min EPS beat(4)-18.14%
Max EPS beat(4)55%
EPS beat(8)4
Avg EPS beat(8)52.09%
EPS beat(12)6
Avg EPS beat(12)23.24%
EPS beat(16)8
Avg EPS beat(16)16.94%
Revenue beat(2)0
Avg Revenue beat(2)-0.36%
Min Revenue beat(2)-0.47%
Max Revenue beat(2)-0.26%
Revenue beat(4)1
Avg Revenue beat(4)-0.23%
Min Revenue beat(4)-0.47%
Max Revenue beat(4)0.2%
Revenue beat(8)1
Avg Revenue beat(8)-0.99%
Revenue beat(12)4
Avg Revenue beat(12)-0.39%
Revenue beat(16)7
Avg Revenue beat(16)-0.07%
PT rev (1m)8.61%
PT rev (3m)38.79%
EPS NQ rev (1m)-75%
EPS NQ rev (3m)-144.19%
EPS NY rev (1m)0%
EPS NY rev (3m)10.44%
Revenue NQ rev (1m)-0.7%
Revenue NQ rev (3m)-1.25%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.16%
Valuation
Industry RankSector Rank
PE 17.99
Fwd PE 5.38
P/S 0.41
P/FCF 3.13
P/OCF 2.53
P/B 0.49
P/tB N/A
EV/EBITDA 7.62
EPS(TTM)0.75
EY5.56%
EPS(NY)2.51
Fwd EY18.59%
FCF(TTM)4.31
FCFY31.95%
OCF(TTM)5.34
OCFY39.57%
SpS32.79
BVpS27.51
TBVpS-52.15
PEG (NY)N/A
PEG (5Y)0.83
Graham Number21.54
Profitability
Industry RankSector Rank
ROA 0.41%
ROE 1.5%
ROCE 6.38%
ROIC 4.86%
ROICexc 4.95%
ROICexgc 32.01%
OM 18.67%
PM (TTM) 1.25%
GM 29.27%
FCFM 13.14%
ROA(3y)1.82%
ROA(5y)2.1%
ROE(3y)6.9%
ROE(5y)7.44%
ROIC(3y)5.68%
ROIC(5y)5.66%
ROICexc(3y)5.72%
ROICexc(5y)5.89%
ROICexgc(3y)32.02%
ROICexgc(5y)33.23%
ROCE(3y)7.45%
ROCE(5y)7.43%
ROICexgc growth 3Y30.28%
ROICexgc growth 5Y1.83%
ROICexc growth 3Y29.97%
ROICexc growth 5Y2.69%
OM growth 3Y10.89%
OM growth 5Y0.17%
PM growth 3Y77.88%
PM growth 5Y8.17%
GM growth 3Y0.85%
GM growth 5Y-1.16%
F-Score4
Asset Turnover0.32
Health
Industry RankSector Rank
Debt/Equity 2
Debt/FCF 12.75
Debt/EBITDA 6.24
Cap/Depr 38.46%
Cap/Sales 3.14%
Interest Coverage 1.34
Cash Conversion 60.69%
Profit Quality 1047.62%
Current Ratio 0.93
Quick Ratio 0.93
Altman-Z 0.8
F-Score4
WACC7.13%
ROIC/WACC0.68
Cap/Depr(3y)84.75%
Cap/Depr(5y)76.04%
Cap/Sales(3y)8.8%
Cap/Sales(5y)7.92%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-50.33%
EPS 3Y46.87%
EPS 5Y21.7%
EPS Q2Q%-127.59%
EPS Next Y-136.2%
EPS Next 2Y-14%
EPS Next 3Y-28.41%
EPS Next 5YN/A
Revenue 1Y (TTM)-3.32%
Revenue growth 3Y14.73%
Revenue growth 5Y11.42%
Sales Q2Q%-21.16%
Revenue Next Year-14.83%
Revenue Next 2Y-1.72%
Revenue Next 3Y-4.93%
Revenue Next 5YN/A
EBIT growth 1Y-4.58%
EBIT growth 3Y27.22%
EBIT growth 5Y11.61%
EBIT Next Year-23%
EBIT Next 3Y-6.42%
EBIT Next 5YN/A
FCF growth 1Y18.28%
FCF growth 3Y86.99%
FCF growth 5Y17.2%
OCF growth 1Y-31.7%
OCF growth 3Y35.78%
OCF growth 5Y14.3%

GRAY MEDIA INC-A / GTN.A FAQ

Can you provide the ChartMill fundamental rating for GRAY MEDIA INC-A?

ChartMill assigns a fundamental rating of 4 / 10 to GTN.A.


Can you provide the valuation status for GRAY MEDIA INC-A?

ChartMill assigns a valuation rating of 6 / 10 to GRAY MEDIA INC-A (GTN.A). This can be considered as Fairly Valued.


What is the profitability of GTN.A stock?

GRAY MEDIA INC-A (GTN.A) has a profitability rating of 6 / 10.


What is the expected EPS growth for GRAY MEDIA INC-A (GTN.A) stock?

The Earnings per Share (EPS) of GRAY MEDIA INC-A (GTN.A) is expected to decline by -136.2% in the next year.


How sustainable is the dividend of GRAY MEDIA INC-A (GTN.A) stock?

The dividend rating of GRAY MEDIA INC-A (GTN.A) is 6 / 10 and the dividend payout ratio is 200%.