Gray Television Inc. (GTN)
Gray Television Statistics
Share Statistics
Gray Television has 111.64M shares outstanding. The number of shares has increased by 4.75% in one year.
| Shares Outstanding | 111.64M |
| Shares Change (YoY) | 4.75% |
| Shares Change (QoQ) | 21.87% |
| Owned by Institutions (%) | 69.17% |
| Shares Floating | 103.15M |
| Failed to Deliver (FTD) Shares | 1 |
| FTD / Avg. Volume | < 0.01% |
Short Selling Information
The latest short interest is 3.65M, so 3.58% of the outstanding shares have been sold short.
| Short Interest | 3.65M |
| Short % of Shares Out | 3.58% |
| Short % of Float | 4.26% |
| Short Ratio (days to cover) | 2.31 |
Valuation Ratios
The PE ratio is 0.8 and the forward PE ratio is 1.18. Gray Television's PEG ratio is 0.
| PE Ratio | 0.8 |
| Forward PE | 1.18 |
| PS Ratio | 0.08 |
| Forward PS | 0.1 |
| PB Ratio | 0.13 |
| P/FCF Ratio | 0.49 |
| PEG Ratio | 0 |
Enterprise Valuation
Gray Television has an Enterprise Value (EV) of 256.25M.
| EV / Sales | 0.07 |
| EV / EBITDA | 0.2 |
| EV / EBIT | 0.34 |
| EV / FCF | 0.42 |
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 |
| Debt / EBITDA | 0.07 |
| Debt / FCF | 0.15 |
| Interest Coverage | 1.75 |
Financial Efficiency
Return on Equity is 16.43% and Return on Invested Capital is 6.46%.
| Return on Equity | 16.43% |
| Return on Assets | 3.56% |
| Return on Invested Capital | 6.46% |
| Revenue Per Employee | $399.65K |
| Profits Per Employee | $41.13K |
| Employee Count | 9,118 |
| Asset Turnover | 0.35 |
| Inventory Turnover | n/a |
Taxes
| Income Tax | 117M |
| Effective Tax Rate | 23.78% |
Stock Price Statistics
The stock price has increased by -39.48% in the last 52 weeks. The beta is 1.1, so Gray Television's price volatility has been higher than the market average.
| Beta | 1.1 |
| 52-Week Price Change | -39.48% |
| 50-Day Moving Average | 3.93 |
| 200-Day Moving Average | 4.48 |
| Relative Strength Index (RSI) | 43 |
| Average Volume (20 Days) | 1.6M |
Income Statement
In the last 12 months, Gray Television had revenue of 3.64B and earned 375M in profits. Earnings per share was 3.4.
| Revenue | 3.64B |
| Gross Profit | 3.52B |
| Operating Income | 851M |
| Net Income | 375M |
| EBITDA | 1.27B |
| EBIT | 977M |
| Earnings Per Share (EPS) | 3.4 |
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 | 11.9% |
| Earnings Yield | 125.31% |
| FCF Yield | 203.17% |
Analyst Forecast
The average price target for GTN is $7, which is 101.1% higher than the current price. The consensus rating is "Buy".
| Price Target | $7 |
| Price Target Difference | 101.1% |
| 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 | 0.87 |
| Piotroski F-Score | 7 |