Gray Television Inc. (GTN)
Gray Television Statistics
Share Statistics
Gray Television has 108.91M shares outstanding. The number of shares has increased by -9.57% in one year.
| Shares Outstanding | 108.91M |
| Shares Change (YoY) | -9.57% |
| Shares Change (QoQ) | 0% |
| Owned by Institutions (%) | 69.11% |
| Shares Floating | 100.49M |
| Failed to Deliver (FTD) Shares | 137 |
| FTD / Avg. Volume | 0.01% |
Short Selling Information
The latest short interest is 4.67M, so 5.14% of the outstanding shares have been sold short.
| Short Interest | 4.67M |
| Short % of Shares Out | 5.14% |
| Short % of Float | 5.52% |
| Short Ratio (days to cover) | 2.8 |
Valuation Ratios
The PE ratio is 0.8 and the forward PE ratio is -7.21. Gray Television's PEG ratio is 0.
| PE Ratio | 0.8 |
| Forward PE | -7.21 |
| PS Ratio | 0.08 |
| Forward PS | 0.1 |
| PB Ratio | 0.13 |
| P/FCF Ratio | 0.49 |
| PEG Ratio | 0 |
Enterprise Valuation
Gray Television Inc. has an Enterprise Value (EV) of 7.04B.
| EV / Earnings | 18.78 |
| EV / Sales | 1.93 |
| EV / EBITDA | 5.53 |
| EV / EBIT | 8.28 |
| EV / FCF | 11.58 |
Financial Position
The company has a current ratio of 1.03, with a Debt / Equity ratio of 0.04.
| Current Ratio | 1.03 |
| Quick Ratio | 1.03 |
| Debt / Equity | 0.04 |
| Total Debt / Capitalization | 3.87 |
| Cash Flow / Debt | 8.16 |
| Interest Coverage | 1.75 |
Financial Efficiency
Return on equity (ROE) is 0.16% and return on capital (ROIC) is 27.31%.
| Return on Equity (ROE) | 0.16% |
| Return on Assets (ROA) | 0.04% |
| Return on Capital (ROIC) | 27.31% |
| Revenue Per Employee | $399,649.05 |
| Profits Per Employee | $41,127.44 |
| Employee Count | 9,118 |
| Asset Turnover | 0.35 |
| Inventory Turnover | n/a |
Taxes
| Income Tax | 117M |
| Effective Tax Rate | 0.24 |
Stock Price Statistics
The stock price has increased by -31.96% in the last 52 weeks. The beta is 1.46, so Gray Television's price volatility has been higher than the market average.
| Beta | 1.46 |
| 52-Week Price Change | -31.96% |
| 50-Day Moving Average | 4.01 |
| 200-Day Moving Average | 4.63 |
| Relative Strength Index (RSI) | 49.34 |
| Average Volume (20 Days) | 1.57M |
Income Statement
In the last 12 months, Gray Television had revenue of 3.64B and earned 375M in profits. Earnings per share was 3.95.
| Revenue | 3.64B |
| Gross Profit | 3.52B |
| Operating Income | 851M |
| Net Income | 375M |
| EBITDA | 1.27B |
| EBIT | 851M |
| Earnings Per Share (EPS) | 3.95 |
Balance Sheet
The company has 135M in cash and 92M in debt, giving a net cash position of 43M.
| Cash & Cash Equivalents | 135M |
| Total Debt | 92M |
| Net Cash | 43M |
| Retained Earnings | 1.38B |
| Total Assets | 10.54B |
| Working Capital | 14M |
Cash Flow
In the last 12 months, operating cash flow was 751M and capital expenditures -143M, giving a free cash flow of 608M.
| Operating Cash Flow | 751M |
| Capital Expenditures | -143M |
| Free Cash Flow | 608M |
| FCF Per Share | 6.4 |
Margins
Gross margin is 96.57%, with operating and profit margins of 23.35% and 10.29%.
| Gross Margin | 96.57% |
| Operating Margin | 23.35% |
| Pretax Margin | 13.5% |
| Profit Margin | 10.29% |
| EBITDA Margin | 34.96% |
| EBIT Margin | 23.35% |
| FCF Margin | 16.68% |
Dividends & Yields
GTN pays an annual dividend of $0.4, which amounts to a dividend yield of 7.37%.
| Dividend Per Share | $0.40 |
| Dividend Yield | 7.37% |
| Dividend Growth (YoY) | 0% |
| Payout Ratio | 12.2% |
| Earnings Yield | 91.86% |
| FCF Yield | 129.68% |
Analyst Forecast
The average price target for GTN is $7, which is 62.8% higher than the current price. The consensus rating is "Buy".
| Price Target | $7 |
| Price Target Difference | 62.8% |
| Analyst Consensus | Buy |
| Analyst Count | 5 |
Stock Splits
The last stock split was on Oct 1, 1998. It was a forward split with a ratio of 3:2.
| Last Split Date | Oct 1, 1998 |
| Split Type | forward |
| Split Ratio | 3:2 |
Scores
| Altman Z-Score | 0.88 |
| Piotroski F-Score | 7 |