GRAY TELEVISION, INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 8.7 USD | +3.20% |
|
+46.12% | +1.57% |
| Apr. 05 | Gray Television Pays $53.8 Million in Debt | MT |
| Mar. 28 | Gray Television, Inc. Partners with Revamped Arena Football League to Bring Local Spring Football to Viewers Free Over-The-Air | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,115 | 1,688 | 1,896 | 1,019 | 827.8 | 583.8 | - | - |
| Enterprise Value (EV) 1 | 2,115 | 4,889 | 1,896 | 7,413 | 827.8 | 583.8 | 583.8 | 583.8 |
| P/E ratio | 16.9 x | 4.85 x | 50.4 x | 2.58 x | -6.45 x | 1.47 x | -9.62 x | 1.87 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 1 x | 0.71 x | 0.79 x | 0.28 x | 0.25 x | 0.15 x | 0.17 x | 0.15 x |
| EV / Revenue | 1 x | 0.71 x | 0.79 x | 0.28 x | 0.25 x | 0.15 x | 0.17 x | 0.15 x |
| EV / EBITDA | 2.96 x | 1.79 x | 2.57 x | 0.75 x | 1.12 x | 0.44 x | 0.79 x | 0.47 x |
| EV / FCF | 11.3 x | 3.11 x | 20.4 x | 2.59 x | 2.76 x | 1.09 x | 3.44 x | 1.1 x |
| FCF Yield | 8.89% | 32.1% | 4.9% | 38.6% | 36.2% | 92.1% | 29.1% | 90.5% |
| Price to Book | - | - | - | - | - | - | - | - |
| Nbr of stocks (in thousands) | 99,121 | 94,763 | 94,647 | 91,259 | 92,699 | 99,192 | - | - |
| Reference price 2 | 21.44 | 17.89 | 20.16 | 11.19 | 8.960 | 5.610 | 5.610 | 5.610 |
| Announcement Date | 2/27/20 | 2/25/21 | 2/25/22 | 2/24/23 | 2/23/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,122 | 2,381 | 2,413 | 3,676 | 3,281 | 3,866 | 3,340 | 3,827 |
| EBITDA 1 | 714 | 941 | 739 | 1,356 | 742 | 1,331 | 743.6 | 1,238 |
| EBIT 1 | 478 | 752 | 381 | 990 | 383 | 977.1 | 392.7 | 867.6 |
| Operating Margin | 22.53% | 31.58% | 15.79% | 26.93% | 11.67% | 25.27% | 11.76% | 22.67% |
| Earnings before Tax (EBT) 1 | 255 | 544 | 168 | 614 | -82 | 539.4 | -17 | 448 |
| Net income 1 | 127 | 358 | 38 | 403 | -128 | 362.4 | -55.67 | 288 |
| Net margin | 5.98% | 15.04% | 1.57% | 10.96% | -3.9% | 9.37% | -1.67% | 7.53% |
| EPS 2 | 1.270 | 3.690 | 0.4000 | 4.330 | -1.390 | 3.810 | -0.5833 | 3.000 |
| Free Cash Flow 1 | 188 | 542 | 93 | 393 | 300 | 537.8 | 169.9 | 528.5 |
| FCF margin | 8.86% | 22.76% | 3.85% | 10.69% | 9.14% | 13.91% | 5.09% | 13.81% |
| FCF Conversion (EBITDA) | 26.33% | 57.6% | 12.58% | 28.98% | 40.43% | 40.41% | 22.85% | 42.69% |
| FCF Conversion (Net income) | 148.03% | 151.4% | 244.74% | 97.52% | - | 148.4% | - | 183.52% |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 2/27/20 | 2/25/21 | 2/25/22 | 2/24/23 | 2/23/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 601 | 721 | 827 | 868 | 909 | 1,072 | 801 | 813 | 803 | 864 | 824.3 | 853.4 | 991.6 | 1,192 | 804 |
| EBITDA 1 | 186 | 224 | 251 | 309 | 336 | 454 | 163 | 226 | 210 | 205 | 181 | 248.6 | 363.9 | 516.4 | 164.1 |
| EBIT 1 | 67 | 105 | 172 | 218 | 245 | 363 | 67 | 119 | 84 | 113 | 136.6 | 144.8 | 274 | 421.8 | 60.66 |
| Operating Margin | 11.15% | 14.56% | 20.8% | 25.12% | 26.95% | 33.86% | 8.36% | 14.64% | 10.46% | 13.08% | 16.57% | 16.96% | 27.63% | 35.4% | 7.54% |
| Earnings before Tax (EBT) 1 | 18 | 42 | 83 | 137 | 150 | 244 | -42 | 9 | -37 | -12 | 39.51 | 32.85 | 158.6 | 308.5 | -52.34 |
| Net income 1 | -30 | 16 | 49 | 86 | 95 | 173 | -44 | -9 | -53 | -22 | 14.37 | 11.84 | 110 | 222.8 | - |
| Net margin | -4.99% | 2.22% | 5.93% | 9.91% | 10.45% | 16.14% | -5.49% | -1.11% | -6.6% | -2.55% | 1.74% | 1.39% | 11.09% | 18.7% | - |
| EPS 2 | -0.3200 | 0.1700 | 0.5200 | 0.9100 | 1.030 | 1.880 | -0.4800 | -0.1000 | -0.5700 | -0.2400 | 0.1550 | 0.1250 | 1.162 | 2.358 | -0.3650 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/4/21 | 2/25/22 | 5/6/22 | 8/5/22 | 11/4/22 | 2/24/23 | 5/5/23 | 8/4/23 | 11/8/23 | 2/23/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | 3,201 | - | 6,394 | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 3.402 x | - | 4.715 x | - | - | - | - |
| Free Cash Flow 1 | 188 | 542 | 93 | 393 | 300 | 538 | 170 | 529 |
| ROE (net income / shareholders' equity) | - | - | - | - | - | - | - | - |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share | - | - | - | - | - | - | - | - |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 110 | 110 | 207 | 436 | 348 | 129 | 114 | 118 |
| Capex / Sales | 5.18% | 4.62% | 8.58% | 11.86% | 10.61% | 3.34% | 3.41% | 3.08% |
| Announcement Date | 2/27/20 | 2/25/21 | 2/25/22 | 2/24/23 | 2/23/24 | - | - | - |
1USD in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
5.61
USD
Average target price
10.42
USD
Spread / Average Target
+85.68%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +24.85% | 207B | |
| +9.98% | 16.08B | |
| -19.47% | 8.36B | |
| -15.67% | 7.93B | |
| 0.00% | 4.58B | |
| +37.01% | 4.24B | |
| +11.41% | 3.5B | |
| +0.19% | 3.4B | |
| +46.62% | 2.68B |
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- Financials Gray Television, Inc.
