Is Gray Television Inc, worth watching?
Gray Television, Inc., a television broadcasting company, owns and/or operates television stations and digital assets in the United States.
It also broadcasts secondary digital channels affiliated to ABC, CBS, NBC, and FOX, as well as various other networks and program services, including CW Plus Network, MY Network, the MeTV Network, Circle, Antenna TV, Telemundo, and Cozi; and local news/weather channels in various markets.
In addition, the company offers video program production services. It owns and operates television stations and digital assets that serve television markets in the United States. The company was formerly known as Gray Communications Systems, Inc. and changed its name to Gray Television, Inc. in August 2002. Gray Television, Inc. was founded in 1891 and is headquartered in Atlanta, Georgia.
Sector: Communication Services
Industry: Broadcasting
Full Time Employees: 8.942
📌 History
The 27th of September 1996, the stock has started trading at $10.87, it has hit a high of $24.17 in April of 2019, currently the price displays a +1309.39% increase from its IPO price.
📌 Some basic statistics!
Market cap: $852.28M
Enterprise value: $7.76B
Profit Margin: 7.43%
Operating Margin: 23.20%
ROA: 4.75%
ROE: 10.27%
Total cash per share: $0.39
Book value per share: $22.22
Total shares outstanding: 87.05M
Shares held by insiders: 4.54%
Shares held by institutions: 89.49%
📌 Is there value here?
Market range 52 weeks: $7-$21
Analyst targets: $13.25
Fair value: $15.89 (Finbox )
Money.cnn forecast: $13.00 (+45.41%, median target, 8 analysts)
📌 Pros and Cons
Pros
- Strong earnings should allow management to continue dividend payments
- Consistently increasing earnings per share
- Trading at a low Price/ Book multiple
- Liquid assets exceed short term obligations
- Profitable over the last 12 months
Cons
- 2 Analysts have revised their earnings downwards for the upcoming period
- Stock has taken a big hit over the last week
- Stock price movements are quite volatile
*Listed through analytic tool, Finbox
📌 Closing
The company looks to be pretty solid, however I am a bit worried about their debt being 6 times higher than their total profit, netting them about 215M in income meaning that they would need at least 30 years (if net profit stays the same) to get rid of the debt completely, this of course does NOT mean it’s a bad thing, but I would definitely want to know where the debt came from, how their planning on tackeling it and when the debt would be maturing.
Since we are long term investors these things matter and are in closer conjunction with how long we hold the company/ the targets we set price wise, how much we need to keep an eye on the financials etc.
Besides this I think the prospects of the gains do make me want to look into the business further, hence why it will move up to the deep research list (surpassing the mere introduction list, of which these posts are a part).
⏳ Find copy trading an interesting tool to diversify or lighten your work load? Check out my profile and statistics! Copying is possible starting at $200 USD, copying does entail risks, be sure you do your due diligence before copying anyone, don’t be afraid to ask questions and interact with me!
Disclaimer: I currently do not own shares in this company!
Sources used: Finbox, Yahoo Finance, Macrotrends, Money.cnn
Etoro states $GTN (Gray Television Inc) buyers also bought: $BIGC (BigCommerce Holdings Inc)$KD (Kyndryl Holdings Inc)$MNKD (MannKind Corp)$NTRA (Natera Inc)... Show More
