GRAY MEDIA INC (GTN) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:GTN - US3893751061 - Common Stock
4.87 USD
+0.05 (+1.04%)
4.87 USD
0 (0%)
Overall GTN gets a fundamental rating of 5 out of 10. We evaluated GTN against 95 industry peers in the Media industry. While GTN is still in line with the averages on profitability rating, there are concerns on its financial health. GTN is valued quite cheap, but it does not seem to be growing.
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.
Each year in the past 5 years GTN had a positive operating cash flow.
1.2 Ratios
GTN's Return On Assets of 0.41% is fine compared to the rest of the industry. GTN outperforms 63.16% of its industry peers.
Looking at the Return On Equity, with a value of 1.50%, GTN is in the better half of the industry, outperforming 65.26% of the companies in the same industry.
The Return On Invested Capital of GTN (4.86%) is better than 67.37% of its industry peers.
GTN had an Average Return On Invested Capital over the past 3 years of 5.68%. This is in line with the industry average of 7.09%.
| Industry Rank | Sector 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%
1.3 Margins
The Profit Margin of GTN (1.25%) is better than 65.26% of its industry peers.
In the last couple of years the Profit Margin of GTN has grown nicely.
GTN has a Operating Margin of 18.67%. This is amongst the best in the industry. GTN outperforms 88.42% of its industry peers.
In the last couple of years the Operating Margin of GTN has remained more or less at the same level.
With a Gross Margin value of 29.27%, GTN is not doing good in the industry: 65.26% of the companies in the same industry are doing better.
GTN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), GTN is destroying value.
Compared to 1 year ago, GTN has more shares outstanding
GTN has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, GTN has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.73, we must say that GTN is in the distress zone and has some risk of bankruptcy.
GTN has a Altman-Z score of 0.73. This is comparable to the rest of the industry: GTN outperforms 46.32% of its industry peers.
The Debt to FCF ratio of GTN is 12.75, which is on the high side as it means it would take GTN, 12.75 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 12.75, GTN perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
A Debt/Equity ratio of 2.00 is on the high side and indicates that GTN has dependencies on debt financing.
The Debt to Equity ratio of GTN (2.00) is worse than 68.42% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2 | ||
| Debt/FCF | 12.75 | ||
| Altman-Z | 0.73 |
ROIC/WACC0.82
WACC5.93%
2.3 Liquidity
GTN has a Current Ratio of 0.93. This is a bad value and indicates that GTN is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.93, GTN is doing worse than 61.05% of the companies in the same industry.
A Quick Ratio of 0.93 indicates that GTN may have some problems paying its short term obligations.
With a Quick ratio value of 0.93, GTN perfoms like the industry average, outperforming 41.05% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.93 | ||
| Quick Ratio | 0.93 |
3. Growth
3.1 Past
GTN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -50.33%.
GTN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 21.70% yearly.
The Revenue has decreased by -3.32% in the past year.
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
Based on estimates for the next years, GTN will show a very negative growth in Earnings Per Share. The EPS will decrease by -28.41% on average per year.
Based on estimates for the next years, GTN will show a decrease in Revenue. The Revenue will decrease by -4.93% on average per year.
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
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
GTN is valuated cheaply with a Price/Earnings ratio of 6.49.
Based on the Price/Earnings ratio, GTN is valued cheaply inside the industry as 89.47% of the companies are valued more expensively.
GTN's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.77.
A Price/Forward Earnings ratio of 1.94 indicates a rather cheap valuation of GTN.
Compared to the rest of the industry, the Price/Forward Earnings ratio of GTN indicates a rather cheap valuation: GTN is cheaper than 97.89% of the companies listed in the same industry.
GTN's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.49 | ||
| Fwd PE | 1.94 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, GTN is valued a bit cheaper than the industry average as 77.89% of the companies are valued more expensively.
97.89% of the companies in the same industry are more expensive than GTN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 1.13 | ||
| EV/EBITDA | 6.59 |
4.3 Compensation for Growth
The decent profitability rating of GTN may justify a higher PE ratio.
GTN'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)0.3
EPS Next 2Y-14%
EPS Next 3Y-28.41%
5. Dividend
5.1 Amount
GTN has a Yearly Dividend Yield of 6.50%, which is a nice return.
Compared to an average industry Dividend Yield of 1.22, GTN pays a better dividend. On top of this GTN pays more dividend than 92.63% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.00, GTN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.5% |
5.2 History
On average, the dividend of GTN grows each year by 15.86%, which is quite nice.
GTN has been paying a dividend for at least 10 years, so it has 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
200.00% of the earnings are spent on dividend by GTN. This is not a sustainable payout ratio.
The Dividend Rate of GTN has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP200%
EPS Next 2Y-14%
EPS Next 3Y-28.41%
4.87
+0.05 (+1.04%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)
Earnings (Next)
Inst Owners85.6%
Inst Owner Change8.67%
Ins Owners5.78%
Ins Owner Change-1.52%
Market Cap497.18M
Revenue(TTM)3.35B
Net Income(TTM)42.00M
Analysts77.78
Price Target6.53 (34.09%)
Short Float %6.68%
Short Ratio4.96
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.5% |
Yearly Dividend0.86
Dividend Growth(5Y)15.86%
DP200%
Div Incr Years0
Div Non Decr Years3
Ex-Date
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)0%
PT rev (3m)5.21%
EPS NQ rev (1m)-75%
EPS NQ rev (3m)-144.19%
EPS NY rev (1m)10.44%
EPS NY rev (3m)10.44%
Revenue NQ rev (1m)-0.7%
Revenue NQ rev (3m)-1.25%
Revenue NY rev (1m)-0.16%
Revenue NY rev (3m)-0.16%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.49 | ||
| Fwd PE | 1.94 | ||
| P/S | 0.15 | ||
| P/FCF | 1.13 | ||
| P/OCF | 0.91 | ||
| P/B | 0.18 | ||
| P/tB | N/A | ||
| EV/EBITDA | 6.59 |
EPS(TTM)0.75
EY15.4%
EPS(NY)2.51
Fwd EY51.49%
FCF(TTM)4.31
FCFY88.5%
OCF(TTM)5.34
OCFY109.62%
SpS32.79
BVpS27.51
TBVpS-52.15
PEG (NY)N/A
PEG (5Y)0.3
Graham Number21.54
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 0.73 |
F-Score4
WACC5.93%
ROIC/WACC0.82
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 / GTN FAQ
What is the fundamental rating for GTN stock?
ChartMill assigns a fundamental rating of 5 / 10 to GTN.
Can you provide the valuation status for GRAY MEDIA INC?
ChartMill assigns a valuation rating of 8 / 10 to GRAY MEDIA INC (GTN). This can be considered as Undervalued.
How profitable is GRAY MEDIA INC (GTN) stock?
GRAY MEDIA INC (GTN) has a profitability rating of 6 / 10.
What is the financial health of GRAY MEDIA INC (GTN) stock?
The financial health rating of GRAY MEDIA INC (GTN) is 2 / 10.
What is the earnings growth outlook for GRAY MEDIA INC?
The Earnings per Share (EPS) of GRAY MEDIA INC (GTN) is expected to decline by -136.2% in the next year.