TEGNA INC (TGNA)
US87901J1051 - Common Stock
We assign a fundamental rating of 6 out of 10 to TGNA. TGNA was compared to 91 industry peers in the Media industry. TGNA scores excellent on profitability, but there are some minor concerns on its financial health. TGNA is valued quite cheap, but it does not seem to be growing. Finally TGNA also has an excellent dividend rating. These ratings could make TGNA a good candidate for value and dividend 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.
TGNA had positive earnings in each of the past 5 years.
Each year in the past 5 years TGNA had a positive operating cash flow.
1.2 Ratios
TGNA's Return On Assets of 6.85% is amongst the best of the industry. TGNA outperforms 89.53% of its industry peers.
TGNA has a Return On Equity of 17.17%. This is amongst the best in the industry. TGNA outperforms 88.37% of its industry peers.
TGNA's Return On Invested Capital of 7.52% is fine compared to the rest of the industry. TGNA outperforms 79.07% of its industry peers.
The Average Return On Invested Capital over the past 3 years for TGNA is above the industry average of 6.89%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.85% | ||
| ROE | 17.17% | ||
| ROIC | 7.52% |
ROA(3y)7.42%
ROA(5y)6.68%
ROE(3y)19%
ROE(5y)19.68%
ROIC(3y)9.14%
ROIC(5y)8.92%
1.3 Margins
With an excellent Profit Margin value of 16.67%, TGNA belongs to the best of the industry, outperforming 93.02% of the companies in the same industry.
TGNA's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 22.20%, TGNA belongs to the top of the industry, outperforming 95.35% of the companies in the same industry.
TGNA's Operating Margin has declined in the last couple of years.
TGNA has a Gross Margin (41.72%) which is in line with its industry peers.
In the last couple of years the Gross Margin of TGNA has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.2% | ||
| PM (TTM) | 16.67% | ||
| GM | 41.72% |
OM growth 3Y-10.63%
OM growth 5Y-7.62%
PM growth 3Y-0.17%
PM growth 5Y-2.35%
GM growth 3Y-5.7%
GM growth 5Y-4.56%
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.
TGNA has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, TGNA has less shares outstanding
Compared to 1 year ago, TGNA has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.88 indicates that TGNA is not a great score, but indicates only limited risk for bankruptcy at the moment.
TGNA's Altman-Z score of 2.88 is amongst the best of the industry. TGNA outperforms 84.88% of its industry peers.
TGNA has a debt to FCF ratio of 6.15. This is a slightly negative value and a sign of low solvency as TGNA would need 6.15 years to pay back of all of its debts.
TGNA has a Debt to FCF ratio of 6.15. This is in the better half of the industry: TGNA outperforms 66.28% of its industry peers.
A Debt/Equity ratio of 1.07 is on the high side and indicates that TGNA has dependencies on debt financing.
TGNA's Debt to Equity ratio of 1.07 is in line compared to the rest of the industry. TGNA outperforms 41.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.07 | ||
| Debt/FCF | 6.15 | ||
| Altman-Z | 2.88 |
ROIC/WACC1.13
WACC6.68%
2.3 Liquidity
A Current Ratio of 2.60 indicates that TGNA has no problem at all paying its short term obligations.
TGNA has a better Current ratio (2.60) than 79.07% of its industry peers.
A Quick Ratio of 2.60 indicates that TGNA has no problem at all paying its short term obligations.
The Quick ratio of TGNA (2.60) is better than 80.23% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.6 | ||
| Quick Ratio | 2.6 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 1.75% over the past year.
The Earnings Per Share has been decreasing by -1.12% on average over the past years.
The Revenue has decreased by -4.67% in the past year.
Measured over the past years, TGNA shows a small growth in Revenue. The Revenue has been growing by 5.69% on average per year.
EPS 1Y (TTM)1.75%
EPS 3Y-9.06%
EPS 5Y-1.12%
EPS Q2Q%141.03%
Revenue 1Y (TTM)-4.67%
Revenue growth 3Y-0.31%
Revenue growth 5Y5.69%
Sales Q2Q%13.12%
3.2 Future
TGNA is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.40% yearly.
Based on estimates for the next years, TGNA will show a decrease in Revenue. The Revenue will decrease by -0.37% on average per year.
EPS Next Y78.06%
EPS Next 2Y5.34%
EPS Next 3Y28.81%
EPS Next 5Y13.4%
Revenue Next Year5.61%
Revenue Next 2Y-2.62%
Revenue Next 3Y1.72%
Revenue Next 5Y-0.37%
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 accelerating.
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
Based on the Price/Earnings ratio of 8.09, the valuation of TGNA can be described as reasonable.
Based on the Price/Earnings ratio, TGNA is valued cheaply inside the industry as 88.37% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 27.09. TGNA is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 9.78, which indicates a very decent valuation of TGNA.
Based on the Price/Forward Earnings ratio, TGNA is valued cheaply inside the industry as 80.23% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.45, TGNA is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.09 | ||
| Fwd PE | 9.78 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TGNA is valued a bit cheaper than 70.93% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of TGNA indicates a rather cheap valuation: TGNA is cheaper than 86.05% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.05 | ||
| EV/EBITDA | 7.12 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
TGNA has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as TGNA's earnings are expected to grow with 28.81% in the coming years.
PEG (NY)0.1
PEG (5Y)N/A
EPS Next 2Y5.34%
EPS Next 3Y28.81%
5. Dividend
5.1 Amount
TGNA has a Yearly Dividend Yield of 2.70%.
Compared to an average industry Dividend Yield of 4.34, TGNA pays a bit more dividend than its industry peers.
TGNA's Dividend Yield is comparable with the S&P500 average which is at 2.30.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.7% |
5.2 History
On average, the dividend of TGNA grows each year by 8.19%, 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)8.19%
Div Incr Years3
Div Non Decr Years7
5.3 Sustainability
TGNA pays out 16.59% of its income as dividend. This is a sustainable payout ratio.
TGNA's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP16.59%
EPS Next 2Y5.34%
EPS Next 3Y28.81%
TEGNA INC
NYSE:TGNA (1/2/2025, 8:04:00 PM)
After market: 18.9 +0.12 (+0.64%)18.78
+0.49 (+2.68%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)
Earnings (Next)
Inst Owners94.37%
Inst Owner Change6.87%
Ins Owners0.46%
Ins Owner Change-7.07%
Market Cap3.03B
Analysts78.33
Price Target21.32 (13.53%)
Short Float %6.19%
Short Ratio5.81
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.7% |
Dividend Growth(5Y)8.19%
DP16.59%
Div Incr Years3
Div Non Decr Years7
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.98%
Min EPS beat(2)2.55%
Max EPS beat(2)7.41%
EPS beat(4)3
Avg EPS beat(4)0.42%
Min EPS beat(4)-9.92%
Max EPS beat(4)7.41%
EPS beat(8)4
Avg EPS beat(8)-1.62%
EPS beat(12)6
Avg EPS beat(12)-1.81%
EPS beat(16)10
Avg EPS beat(16)-0.37%
Revenue beat(2)0
Avg Revenue beat(2)-1.53%
Min Revenue beat(2)-2.64%
Max Revenue beat(2)-0.43%
Revenue beat(4)0
Avg Revenue beat(4)-2.71%
Min Revenue beat(4)-5.22%
Max Revenue beat(4)-0.43%
Revenue beat(8)0
Avg Revenue beat(8)-3.22%
Revenue beat(12)0
Avg Revenue beat(12)-3.24%
Revenue beat(16)0
Avg Revenue beat(16)-2.69%
PT rev (1m)1.95%
PT rev (3m)12.21%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-20.99%
EPS NY rev (1m)-2.64%
EPS NY rev (3m)-3.88%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-6.04%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.06%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.09 | ||
| Fwd PE | 9.78 | ||
| P/S | 1.02 | ||
| P/FCF | 6.05 | ||
| P/OCF | 4.93 | ||
| P/B | 1.05 | ||
| P/tB | N/A | ||
| EV/EBITDA | 7.12 |
EPS(TTM)2.32
EY12.35%
EPS(NY)1.92
Fwd EY10.22%
FCF(TTM)3.11
FCFY16.54%
OCF(TTM)3.81
OCFY20.28%
SpS18.35
BVpS17.82
TBVpS-15.31
PEG (NY)0.1
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.85% | ||
| ROE | 17.17% | ||
| ROCE | 9.75% | ||
| ROIC | 7.52% | ||
| ROICexc | 8.17% | ||
| ROICexgc | 59.07% | ||
| OM | 22.2% | ||
| PM (TTM) | 16.67% | ||
| GM | 41.72% | ||
| FCFM | 16.92% |
ROA(3y)7.42%
ROA(5y)6.68%
ROE(3y)19%
ROE(5y)19.68%
ROIC(3y)9.14%
ROIC(5y)8.92%
ROICexc(3y)9.62%
ROICexc(5y)9.23%
ROICexgc(3y)61.23%
ROICexgc(5y)59.92%
ROCE(3y)11.85%
ROCE(5y)11.57%
ROICexcg growth 3Y-10.71%
ROICexcg growth 5Y-8.65%
ROICexc growth 3Y-10.11%
ROICexc growth 5Y-7.39%
OM growth 3Y-10.63%
OM growth 5Y-7.62%
PM growth 3Y-0.17%
PM growth 5Y-2.35%
GM growth 3Y-5.7%
GM growth 5Y-4.56%
F-Score4
Asset Turnover0.41
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.07 | ||
| Debt/FCF | 6.15 | ||
| Debt/EBITDA | 3.99 | ||
| Cap/Depr | 99.59% | ||
| Cap/Sales | 3.83% | ||
| Interest Coverage | 3.98 | ||
| Cash Conversion | 79.68% | ||
| Profit Quality | 101.5% | ||
| Current Ratio | 2.6 | ||
| Quick Ratio | 2.6 | ||
| Altman-Z | 2.88 |
F-Score4
WACC6.68%
ROIC/WACC1.13
Cap/Depr(3y)46.68%
Cap/Depr(5y)50.75%
Cap/Sales(3y)1.85%
Cap/Sales(5y)2.19%
Profit Quality(3y)108.29%
Profit Quality(5y)111.12%
High Growth Momentum
Growth
EPS 1Y (TTM)1.75%
EPS 3Y-9.06%
EPS 5Y-1.12%
EPS Q2Q%141.03%
EPS Next Y78.06%
EPS Next 2Y5.34%
EPS Next 3Y28.81%
EPS Next 5Y13.4%
Revenue 1Y (TTM)-4.67%
Revenue growth 3Y-0.31%
Revenue growth 5Y5.69%
Sales Q2Q%13.12%
Revenue Next Year5.61%
Revenue Next 2Y-2.62%
Revenue Next 3Y1.72%
Revenue Next 5Y-0.37%
EBIT growth 1Y-18.52%
EBIT growth 3Y-10.91%
EBIT growth 5Y-2.37%
EBIT Next Year46.06%
EBIT Next 3Y14.68%
EBIT Next 5Y2.13%
FCF growth 1Y-28.57%
FCF growth 3Y-11.16%
FCF growth 5Y2.88%
OCF growth 1Y-19.22%
OCF growth 3Y-9.98%
OCF growth 5Y2.18%