TEGNA INC (TGNA) Stock Fundamental Analysis
USA - NYSE:TGNA - US87901J1051 - Common Stock
20.95 USD
-0.08 (-0.38%)
20.73 USD
-0.22 (-1.05%)
Taking everything into account, TGNA scores 6 out of 10 in our fundamental rating. TGNA was compared to 99 industry peers in the Media industry. While TGNA belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. TGNA is cheap, but on the other hand it scores bad on growth. This makes TGNA very considerable for value investing!
1. Profitability
1.1 Basic Checks
TGNA had positive earnings in the past year.
In the past year TGNA had a positive cash flow from operations.
In the past 5 years TGNA has always been profitable.
TGNA 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 6.20%, TGNA belongs to the top of the industry, outperforming 80.81% of the companies in the same industry.
Looking at the Return On Equity, with a value of 14.63%, TGNA belongs to the top of the industry, outperforming 83.84% of the companies in the same industry.
The Return On Invested Capital of TGNA (9.05%) is better than 86.87% of its industry peers.
The Average Return On Invested Capital over the past 3 years for TGNA is in line with the industry average of 8.87%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.2% | ||
| ROE | 14.63% | ||
| ROIC | 9.05% |
ROA(3y)7.85%
ROA(5y)7.49%
ROE(3y)19.32%
ROE(5y)20.06%
ROIC(3y)9.16%
ROIC(5y)9.46%
1.3 Margins
TGNA has a Profit Margin of 14.93%. This is amongst the best in the industry. TGNA outperforms 90.91% of its industry peers.
TGNA's Profit Margin has improved in the last couple of years.
The Operating Margin of TGNA (24.33%) is better than 96.97% of its industry peers.
In the last couple of years the Operating Margin of TGNA has remained more or less at the same level.
Looking at the Gross Margin, with a value of 42.05%, TGNA is in line with its industry, outperforming 50.51% of the companies in the same industry.
TGNA's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.33% | ||
| PM (TTM) | 14.93% | ||
| GM | 42.05% |
OM growth 3Y-0.6%
OM growth 5Y0.24%
PM growth 3Y6.5%
PM growth 5Y9.13%
GM growth 3Y-2.32%
GM growth 5Y-1.41%
2. Health
2.1 Basic Checks
TGNA 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, TGNA has less shares outstanding
TGNA has less shares outstanding than it did 5 years ago.
TGNA has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.95 indicates that TGNA is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of TGNA (2.95) is better than 80.81% of its industry peers.
TGNA has a debt to FCF ratio of 5.35. This is a neutral value as TGNA would need 5.35 years to pay back of all of its debts.
TGNA's Debt to FCF ratio of 5.35 is fine compared to the rest of the industry. TGNA outperforms 75.76% of its industry peers.
A Debt/Equity ratio of 0.82 indicates that TGNA is somewhat dependend on debt financing.
TGNA has a Debt to Equity ratio (0.82) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.82 | ||
| Debt/FCF | 5.35 | ||
| Altman-Z | 2.95 |
ROIC/WACC1.39
WACC6.53%
2.3 Liquidity
A Current Ratio of 1.47 indicates that TGNA should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.47, TGNA is in the better half of the industry, outperforming 60.61% of the companies in the same industry.
A Quick Ratio of 1.47 indicates that TGNA should not have too much problems paying its short term obligations.
The Quick ratio of TGNA (1.47) is better than 61.62% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.47 | ||
| Quick Ratio | 1.47 |
3. Growth
3.1 Past
TGNA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 67.23%, which is quite impressive.
Measured over the past years, TGNA shows a quite strong growth in Earnings Per Share. The EPS has been growing by 17.57% on average per year.
TGNA shows a small growth in Revenue. In the last year, the Revenue has grown by 5.89%.
The Revenue has been growing slightly by 6.17% on average over the past years.
EPS 1Y (TTM)67.23%
EPS 3Y13.15%
EPS 5Y17.57%
EPS Q2Q%-12%
Revenue 1Y (TTM)5.89%
Revenue growth 3Y1.22%
Revenue growth 5Y6.17%
Sales Q2Q%-4.97%
3.2 Future
Based on estimates for the next years, TGNA will show a decrease in Earnings Per Share. The EPS will decrease by -2.05% on average per year.
The Revenue is expected to decrease by -0.69% on average over the next years.
EPS Next Y-46.5%
EPS Next 2Y3.51%
EPS Next 3Y-8.94%
EPS Next 5Y-2.05%
Revenue Next Year-12.39%
Revenue Next 2Y-1.19%
Revenue Next 3Y-3.93%
Revenue Next 5Y-0.69%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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
With a Price/Earnings ratio of 7.08, the valuation of TGNA can be described as very cheap.
TGNA's Price/Earnings ratio is rather cheap when compared to the industry. TGNA is cheaper than 87.88% of the companies in the same industry.
TGNA's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.20.
With a Price/Forward Earnings ratio of 6.31, the valuation of TGNA can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of TGNA indicates a rather cheap valuation: TGNA is cheaper than 86.87% of the companies listed in the same industry.
TGNA's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.70.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.08 | ||
| Fwd PE | 6.31 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TGNA is valued a bit cheaper than the industry average as 76.77% of the companies are valued more expensively.
TGNA's Price/Free Cash Flow ratio is rather cheap when compared to the industry. TGNA is cheaper than 84.85% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.86 | ||
| EV/EBITDA | 6.77 |
4.3 Compensation for Growth
TGNA has an outstanding profitability rating, which may justify a higher PE ratio.
TGNA's earnings are expected to decrease with -8.94% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.4
EPS Next 2Y3.51%
EPS Next 3Y-8.94%
5. Dividend
5.1 Amount
TGNA has a Yearly Dividend Yield of 2.38%. Purely for dividend investing, there may be better candidates out there.
TGNA's Dividend Yield is a higher than the industry average which is at 4.58.
TGNA's Dividend Yield is comparable with the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.38% |
5.2 History
On average, the dividend of TGNA grows each year by 11.34%, which is quite nice.
TGNA has been paying a dividend for at least 10 years, so it has a reliable track record.
TGNA has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)11.34%
Div Incr Years4
Div Non Decr Years8
5.3 Sustainability
17.82% of the earnings are spent on dividend by TGNA. This is a low number and sustainable payout ratio.
DP17.82%
EPS Next 2Y3.51%
EPS Next 3Y-8.94%
20.95
-0.08 (-0.38%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)
Earnings (Next)
Inst Owners102.39%
Inst Owner Change5.41%
Ins Owners0.49%
Ins Owner Change4.71%
Market Cap3.37B
Analysts78.18
Price Target21.76 (3.87%)
Short Float %4.75%
Short Ratio2.32
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.38% |
Yearly Dividend0.48
Dividend Growth(5Y)11.34%
DP17.82%
Div Incr Years4
Div Non Decr Years8
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)14.27%
Min EPS beat(2)11.96%
Max EPS beat(2)16.59%
EPS beat(4)4
Avg EPS beat(4)9.47%
Min EPS beat(4)1.91%
Max EPS beat(4)16.59%
EPS beat(8)6
Avg EPS beat(8)3.7%
EPS beat(12)7
Avg EPS beat(12)0.43%
EPS beat(16)10
Avg EPS beat(16)1.22%
Revenue beat(2)0
Avg Revenue beat(2)-1.64%
Min Revenue beat(2)-1.8%
Max Revenue beat(2)-1.48%
Revenue beat(4)0
Avg Revenue beat(4)-1.42%
Min Revenue beat(4)-1.99%
Max Revenue beat(4)-0.43%
Revenue beat(8)0
Avg Revenue beat(8)-2.33%
Revenue beat(12)0
Avg Revenue beat(12)-3.07%
Revenue beat(16)0
Avg Revenue beat(16)-2.8%
PT rev (1m)1.59%
PT rev (3m)0.39%
EPS NQ rev (1m)-13.68%
EPS NQ rev (3m)-24.31%
EPS NY rev (1m)0.99%
EPS NY rev (3m)-3.9%
Revenue NQ rev (1m)-1.4%
Revenue NQ rev (3m)-3.28%
Revenue NY rev (1m)-1.14%
Revenue NY rev (3m)-1.21%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.08 | ||
| Fwd PE | 6.31 | ||
| P/S | 1.11 | ||
| P/FCF | 5.86 | ||
| P/OCF | 5.45 | ||
| P/B | 1.09 | ||
| P/tB | N/A | ||
| EV/EBITDA | 6.77 |
EPS(TTM)2.96
EY14.13%
EPS(NY)3.32
Fwd EY15.85%
FCF(TTM)3.58
FCFY17.07%
OCF(TTM)3.85
OCFY18.36%
SpS18.83
BVpS19.21
TBVpS-13.75
PEG (NY)N/A
PEG (5Y)0.4
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.2% | ||
| ROE | 14.63% | ||
| ROCE | 11.6% | ||
| ROIC | 9.05% | ||
| ROICexc | 10.27% | ||
| ROICexgc | 193.01% | ||
| OM | 24.33% | ||
| PM (TTM) | 14.93% | ||
| GM | 42.05% | ||
| FCFM | 18.98% |
ROA(3y)7.85%
ROA(5y)7.49%
ROE(3y)19.32%
ROE(5y)20.06%
ROIC(3y)9.16%
ROIC(5y)9.46%
ROICexc(3y)9.96%
ROICexc(5y)9.97%
ROICexgc(3y)67.45%
ROICexgc(5y)66.75%
ROCE(3y)11.74%
ROCE(5y)12.12%
ROICexcg growth 3Y8.77%
ROICexcg growth 5Y11.27%
ROICexc growth 3Y2.32%
ROICexc growth 5Y7.76%
OM growth 3Y-0.6%
OM growth 5Y0.24%
PM growth 3Y6.5%
PM growth 5Y9.13%
GM growth 3Y-2.32%
GM growth 5Y-1.41%
F-Score7
Asset Turnover0.42
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.82 | ||
| Debt/FCF | 5.35 | ||
| Debt/EBITDA | 3 | ||
| Cap/Depr | 41.26% | ||
| Cap/Sales | 1.44% | ||
| Interest Coverage | 4.51 | ||
| Cash Conversion | 73.43% | ||
| Profit Quality | 127.18% | ||
| Current Ratio | 1.47 | ||
| Quick Ratio | 1.47 | ||
| Altman-Z | 2.95 |
F-Score7
WACC6.53%
ROIC/WACC1.39
Cap/Depr(3y)45.62%
Cap/Depr(5y)44.01%
Cap/Sales(3y)1.71%
Cap/Sales(5y)1.76%
Profit Quality(3y)112.93%
Profit Quality(5y)117.67%
High Growth Momentum
Growth
EPS 1Y (TTM)67.23%
EPS 3Y13.15%
EPS 5Y17.57%
EPS Q2Q%-12%
EPS Next Y-46.5%
EPS Next 2Y3.51%
EPS Next 3Y-8.94%
EPS Next 5Y-2.05%
Revenue 1Y (TTM)5.89%
Revenue growth 3Y1.22%
Revenue growth 5Y6.17%
Sales Q2Q%-4.97%
Revenue Next Year-12.39%
Revenue Next 2Y-1.19%
Revenue Next 3Y-3.93%
Revenue Next 5Y-0.69%
EBIT growth 1Y31.44%
EBIT growth 3Y0.61%
EBIT growth 5Y6.42%
EBIT Next Year-28.07%
EBIT Next 3Y-10.71%
EBIT Next 5Y-3.5%
FCF growth 1Y-15.9%
FCF growth 3Y12.99%
FCF growth 5Y24.78%
OCF growth 1Y-14.97%
OCF growth 3Y10.94%
OCF growth 5Y18.15%