GRAY MEDIA INC (GTN) Stock Fundamental Analysis
USA - NYSE:GTN - US3893751061 - Common Stock
4.49 USD
-0.22 (-4.67%)
4.47 USD
-0.02 (-0.45%)
Taking everything into account, GTN scores 5 out of 10 in our fundamental rating. GTN was compared to 96 industry peers in the Media industry. While GTN has a great profitability rating, there are quite some concerns on its financial health. GTN is cheap, but on the other hand it scores bad on growth. Finally GTN also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year GTN was profitable.
GTN had a positive operating cash flow in the past year.
GTN had positive earnings in 4 of the past 5 years.
In the past 5 years GTN always reported a positive cash flow from operatings.
1.2 Ratios
With a decent Return On Assets value of 1.43%, GTN is doing good in the industry, outperforming 62.50% of the companies in the same industry.
GTN has a Return On Equity of 5.23%. This is in the better half of the industry: GTN outperforms 65.63% of its industry peers.
With a decent Return On Invested Capital value of 6.14%, GTN is doing good in the industry, outperforming 69.79% of the companies in the same industry.
GTN had an Average Return On Invested Capital over the past 3 years of 5.68%. This is below the industry average of 8.26%.
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 68.75% of its industry peers.
In the last couple of years the Profit Margin of GTN has grown nicely.
Looking at the Operating Margin, with a value of 22.26%, GTN belongs to the top of the industry, outperforming 95.83% of the companies in the same industry.
GTN's Operating Margin has been stable in the last couple of years.
GTN has a Gross Margin (32.46%) which is comparable to the rest of the industry.
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.
Compared to 1 year ago, GTN has more shares outstanding
Compared to 5 years ago, GTN has less shares outstanding
Compared to 1 year ago, GTN has an improved debt to assets ratio.
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.
The Altman-Z score of GTN (0.80) is comparable to the rest of the industry.
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.
With a decent Debt to FCF ratio value of 7.90, GTN is doing good in the industry, outperforming 64.58% of the companies in the same industry.
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 67.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.97 | ||
| Debt/FCF | 7.9 | ||
| Altman-Z | 0.8 |
ROIC/WACC1.05
WACC5.87%
2.3 Liquidity
GTN has a Current Ratio of 0.87. This is a bad value and indicates that GTN is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of GTN (0.87) is worse than 64.58% of its industry peers.
A Quick Ratio of 0.87 indicates that GTN may have some problems paying its short term obligations.
The Quick ratio of GTN (0.87) is worse than 62.50% 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 for GTN have decreased strongly by -50.33% in the last year.
GTN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 21.70% yearly.
Looking at the last year, GTN shows a quite strong growth in Revenue. The Revenue has grown by 11.06% in the last 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)11.06%
Revenue growth 3Y14.73%
Revenue growth 5Y11.42%
Sales Q2Q%-21.16%
3.2 Future
The Earnings Per Share is expected to decrease by -28.83% on average over the next years. This is quite bad
GTN is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -4.73% yearly.
EPS Next Y-140.42%
EPS Next 2Y-13.18%
EPS Next 3Y-28.83%
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
GTN is valuated cheaply with a Price/Earnings ratio of 5.99.
GTN's Price/Earnings ratio is rather cheap when compared to the industry. GTN is cheaper than 86.46% of the companies in the same industry.
When comparing the Price/Earnings ratio of GTN to the average of the S&P500 Index (25.07), we can say GTN is valued rather cheaply.
GTN is valuated cheaply with a Price/Forward Earnings ratio of 1.76.
97.92% of the companies in the same industry are more expensive than GTN, based on the Price/Forward Earnings ratio.
GTN's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 34.08.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.99 | ||
| Fwd PE | 1.76 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of GTN indicates a rather cheap valuation: GTN is cheaper than 85.42% of the companies listed in the same industry.
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 | 0.65 | ||
| EV/EBITDA | 5.47 |
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 -28.83% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.28
EPS Next 2Y-13.18%
EPS Next 3Y-28.83%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.61%, GTN is a good candidate for dividend investing.
In the last 3 months the price of GTN has falen by -26.03%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
GTN's Dividend Yield is rather good when compared to the industry average which is at 4.47. GTN pays more dividend than 93.75% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.44, GTN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.61% |
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
56.76% of the earnings are spent on dividend by GTN. This is a bit on the high side, but may be sustainable.
The Dividend Rate of GTN has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP56.76%
EPS Next 2Y-13.18%
EPS Next 3Y-28.83%
4.49
-0.22 (-4.67%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)
Earnings (Next)
Inst Owners79.67%
Inst Owner Change6.6%
Ins Owners5.78%
Ins Owner Change-0.12%
Market Cap458.38M
Revenue(TTM)3.64B
Net Income(TTM)148.00M
Analysts78
Price Target6.2 (38.08%)
Short Float %5.79%
Short Ratio4.35
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.61% |
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)0%
PT rev (3m)19.28%
EPS NQ rev (1m)-15.48%
EPS NQ rev (3m)-137.74%
EPS NY rev (1m)0%
EPS NY rev (3m)-85.34%
Revenue NQ rev (1m)0.07%
Revenue NQ rev (3m)-3.78%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.22%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.99 | ||
| Fwd PE | 1.76 | ||
| P/S | 0.13 | ||
| P/FCF | 0.65 | ||
| P/OCF | 0.55 | ||
| P/B | 0.16 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.47 |
EPS(TTM)0.75
EY16.7%
EPS(NY)2.56
Fwd EY56.91%
FCF(TTM)6.94
FCFY154.46%
OCF(TTM)8.11
OCFY180.63%
SpS34.76
BVpS27.73
TBVpS-52.15
PEG (NY)N/A
PEG (5Y)0.28
Graham Number21.63
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%
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-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
WACC5.87%
ROIC/WACC1.05
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-140.42%
EPS Next 2Y-13.18%
EPS Next 3Y-28.83%
EPS Next 5YN/A
Revenue 1Y (TTM)11.06%
Revenue growth 3Y14.73%
Revenue growth 5Y11.42%
Sales Q2Q%-21.16%
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-21.77%
EBIT Next 3Y-5.02%
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%
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 7 / 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 -140.42% in the next year.