GRAY MEDIA INC (GTN) Stock Fundamental Analysis
USA - NYSE:GTN - US3893751061 - Common Stock
5.6 USD
+0.02 (+0.36%)
5.6 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to GTN. GTN was compared to 99 industry peers in the Media industry. While GTN belongs to the best of the industry regarding profitability, there are concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on GTN. Finally GTN also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year GTN was profitable.
In the past year GTN had a positive cash flow from operations.
Of the past 5 years GTN 4 years were profitable.
GTN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 1.43%, GTN is in the better half of the industry, outperforming 65.66% of the companies in the same industry.
The Return On Equity of GTN (5.23%) is better than 68.69% of its industry peers.
Looking at the Return On Invested Capital, with a value of 6.14%, GTN is in the better half of the industry, outperforming 68.69% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for GTN is below the industry average of 8.87%.
The 3 year average ROIC (5.68%) for GTN is below the current ROIC(6.14%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.43% | ||
| ROE | 5.23% | ||
| ROIC | 6.14% |
ROA(3y)1.82%
ROA(5y)2.1%
ROE(3y)6.9%
ROE(5y)7.44%
ROIC(3y)5.68%
ROIC(5y)5.66%
1.3 Margins
GTN's Profit Margin of 4.17% is fine compared to the rest of the industry. GTN outperforms 67.68% of its industry peers.
GTN's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 22.26%, GTN belongs to the best of the industry, outperforming 92.93% of the companies in the same industry.
In the last couple of years the Operating Margin of GTN has remained more or less at the same level.
GTN has a Gross Margin (32.46%) which is in line with its industry peers.
In the last couple of years the Gross Margin of GTN has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.26% | ||
| PM (TTM) | 4.17% | ||
| GM | 32.46% |
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%
2. Health
2.1 Basic Checks
GTN 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 GTN has been increased compared to 1 year ago.
Compared to 5 years ago, GTN has less shares outstanding
GTN has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.80, we must say that GTN is in the distress zone and has some risk of bankruptcy.
GTN has a Altman-Z score (0.80) which is in line with its industry peers.
GTN has a debt to FCF ratio of 7.90. This is a slightly negative value and a sign of low solvency as GTN would need 7.90 years to pay back of all of its debts.
GTN has a better Debt to FCF ratio (7.90) than 65.66% of its industry peers.
GTN has a Debt/Equity ratio of 1.97. This is a high value indicating a heavy dependency on external financing.
GTN's Debt to Equity ratio of 1.97 is on the low side compared to the rest of the industry. GTN is outperformed by 68.69% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.97 | ||
| Debt/FCF | 7.9 | ||
| Altman-Z | 0.8 |
ROIC/WACC1.02
WACC6.03%
2.3 Liquidity
A Current Ratio of 0.87 indicates that GTN may have some problems paying its short term obligations.
GTN has a Current ratio of 0.87. This is in the lower half of the industry: GTN underperforms 67.68% of its industry peers.
A Quick Ratio of 0.87 indicates that GTN may have some problems paying its short term obligations.
GTN has a Quick ratio of 0.87. This is in the lower half of the industry: GTN underperforms 65.66% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.87 | ||
| Quick Ratio | 0.87 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 2557.14% over the past year.
The Earnings Per Share has been growing by 21.70% on average over the past years. This is a very strong growth
The Revenue has been growing slightly by 7.03% in the past year.
Measured over the past years, GTN shows a quite strong growth in Revenue. The Revenue has been growing by 11.42% on average per year.
EPS 1Y (TTM)2557.14%
EPS 3Y46.87%
EPS 5Y21.7%
EPS Q2Q%-566.67%
Revenue 1Y (TTM)7.03%
Revenue growth 3Y14.73%
Revenue growth 5Y11.42%
Sales Q2Q%-6.54%
3.2 Future
Based on estimates for the next years, GTN will show a very negative growth in Earnings Per Share. The EPS will decrease by -28.61% on average per year.
GTN is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -4.73% yearly.
EPS Next Y-133.91%
EPS Next 2Y-14.88%
EPS Next 3Y-28.61%
EPS Next 5YN/A
Revenue Next Year-14.7%
Revenue Next 2Y-1.74%
Revenue Next 3Y-4.73%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 3.01 indicates a rather cheap valuation of GTN.
96.97% of the companies in the same industry are more expensive than GTN, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 27.20, GTN is valued rather cheaply.
GTN is valuated cheaply with a Price/Forward Earnings ratio of 2.28.
Based on the Price/Forward Earnings ratio, GTN is valued cheaper than 98.99% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.71, GTN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.01 | ||
| Fwd PE | 2.28 |
4.2 Price Multiples
85.86% of the companies in the same industry are more expensive than GTN, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, GTN is valued cheaper than 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 0.81 | ||
| EV/EBITDA | 5.55 |
4.3 Compensation for Growth
GTN has a very decent profitability rating, which may justify a higher PE ratio.
GTN's earnings are expected to decrease with -28.61% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.14
EPS Next 2Y-14.88%
EPS Next 3Y-28.61%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.45%, GTN is a good candidate for dividend investing.
GTN's Dividend Yield is rather good when compared to the industry average which is at 4.58. GTN pays more dividend than 91.92% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, GTN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.45% |
5.2 History
On average, the dividend of GTN grows each year by 15.86%, which is quite nice.
GTN has paid a dividend for at least 10 years, which is a reliable track record.
GTN has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)15.86%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
GTN pays out 56.76% of its income as dividend. This is a bit on the high side, but may be sustainable.
GTN's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP56.76%
EPS Next 2Y-14.88%
EPS Next 3Y-28.61%
5.6
+0.02 (+0.36%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)
Earnings (Next)
Inst Owners75.17%
Inst Owner Change6.38%
Ins Owners5.82%
Ins Owner Change3.17%
Market Cap571.70M
Analysts78
Price Target6.2 (10.71%)
Short Float %5.97%
Short Ratio3.28
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.45% |
Yearly Dividend0.86
Dividend Growth(5Y)15.86%
DP56.76%
Div Incr Years0
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)18.43%
Min EPS beat(2)-18.14%
Max EPS beat(2)55%
EPS beat(4)2
Avg EPS beat(4)14.85%
Min EPS beat(4)-18.14%
Max EPS beat(4)55%
EPS beat(8)3
Avg EPS beat(8)43.89%
EPS beat(12)5
Avg EPS beat(12)24.02%
EPS beat(16)7
Avg EPS beat(16)18.9%
Revenue beat(2)1
Avg Revenue beat(2)-0.03%
Min Revenue beat(2)-0.26%
Max Revenue beat(2)0.2%
Revenue beat(4)1
Avg Revenue beat(4)-0.81%
Min Revenue beat(4)-2.79%
Max Revenue beat(4)0.2%
Revenue beat(8)1
Avg Revenue beat(8)-0.95%
Revenue beat(12)4
Avg Revenue beat(12)-0.79%
Revenue beat(16)8
Avg Revenue beat(16)-0.01%
PT rev (1m)19.28%
PT rev (3m)19.28%
EPS NQ rev (1m)-105.88%
EPS NQ rev (3m)-103.88%
EPS NY rev (1m)-55.46%
EPS NY rev (3m)-74.54%
Revenue NQ rev (1m)-3.85%
Revenue NQ rev (3m)-5.42%
Revenue NY rev (1m)-2.22%
Revenue NY rev (3m)-2.28%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.01 | ||
| Fwd PE | 2.28 | ||
| P/S | 0.16 | ||
| P/FCF | 0.81 | ||
| P/OCF | 0.69 | ||
| P/B | 0.2 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.55 |
EPS(TTM)1.86
EY33.21%
EPS(NY)2.46
Fwd EY43.86%
FCF(TTM)6.94
FCFY123.84%
OCF(TTM)8.11
OCFY144.83%
SpS34.76
BVpS27.73
TBVpS-52.15
PEG (NY)N/A
PEG (5Y)0.14
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.43% | ||
| ROE | 5.23% | ||
| ROCE | 8.06% | ||
| ROIC | 6.14% | ||
| ROICexc | 6.27% | ||
| ROICexgc | 41.56% | ||
| OM | 22.26% | ||
| PM (TTM) | 4.17% | ||
| GM | 32.46% | ||
| FCFM | 19.95% |
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%
ROICexcg growth 3Y30.28%
ROICexcg 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-Score7
Asset Turnover0.34
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.97 | ||
| Debt/FCF | 7.9 | ||
| Debt/EBITDA | 5.2 | ||
| Cap/Depr | 42.25% | ||
| Cap/Sales | 3.38% | ||
| Interest Coverage | 1.91 | ||
| Cash Conversion | 77.1% | ||
| Profit Quality | 478.38% | ||
| Current Ratio | 0.87 | ||
| Quick Ratio | 0.87 | ||
| Altman-Z | 0.8 |
F-Score7
WACC6.03%
ROIC/WACC1.02
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)2557.14%
EPS 3Y46.87%
EPS 5Y21.7%
EPS Q2Q%-566.67%
EPS Next Y-133.91%
EPS Next 2Y-14.88%
EPS Next 3Y-28.61%
EPS Next 5YN/A
Revenue 1Y (TTM)7.03%
Revenue growth 3Y14.73%
Revenue growth 5Y11.42%
Sales Q2Q%-6.54%
Revenue Next Year-14.7%
Revenue Next 2Y-1.74%
Revenue Next 3Y-4.73%
Revenue Next 5YN/A
EBIT growth 1Y54.9%
EBIT growth 3Y27.22%
EBIT growth 5Y11.61%
EBIT Next Year-19.71%
EBIT Next 3Y-4.03%
EBIT Next 5YN/A
FCF growth 1Y51.28%
FCF growth 3Y86.99%
FCF growth 5Y17.2%
OCF growth 1Y-13.57%
OCF growth 3Y35.78%
OCF growth 5Y14.3%