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Gray Television, Inc. GTN-A
Communication Services - Broadcasting - NYSE - US
Watchlist
$ 7.22
1.91 %
$ 412 M
Market Cap
2.15
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one GTN-A stock under the worst case scenario is HIDDEN Compared to the current market price of 7.22 USD, Gray Television, Inc. is HIDDEN

GTN-A Intrinsic Value
HIDDEN
SHOW

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one GTN-A stock under the base case scenario is HIDDEN Compared to the current market price of 7.22 USD, Gray Television, Inc. is HIDDEN

GTN-A Intrinsic Value
HIDDEN
SHOW

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one GTN-A stock under the best case scenario is HIDDEN Compared to the current market price of 7.22 USD, Gray Television, Inc. is HIDDEN

GTN-A Intrinsic Value
HIDDEN
SHOW
2. FUNDAMENTAL ANALYSIS

Price Chart GTN-A

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1M -18%
6M 2%
1Y 27%
3Y -130%
5Y -32%
All
$9.0$9.0$8.5$8.5$8.0$8.0$7.5$7.5$7.0$7.0$6.5$6.5$6.0$6.0$5.5$5.5$5.0$5.0$4.5$4.515 Oct15 OctNov '24Nov '2415 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '25
FINANCIALS
3.64 B REVENUE
11.06%
Growth Rates
1Year 11.06%
3Years 14.73%
5Years 11.42%
7Years 22.45%
10Years 21.78%
851 M OPERATING INCOME
122.19%
Growth Rates
1Year 122.19%
3Years 30.72%
5Years 12.23%
7Years 16.55%
10Years 18.66%
375 M NET INCOME
593.42%
Growth Rates
1Year 593.42%
3Years 60.91%
5Years 15.94%
7Years 5.26%
10Years 22.81%
751 M OPERATING CASH FLOW
15.90%
Growth Rates
1Year 15.90%
3Years 35.78%
5Years 14.30%
7Years 22.64%
10Years 18.79%
-28 M INVESTING CASH FLOW
90.38%
Growth Rates
1Year 90.38%
3Years 80.06%
5Years 59.77%
7Years 30.28%
10Years 25.07%
-609 M FINANCING CASH FLOW
-53.40%
Growth Rates
1Year -53.40%
3Years -7.14%
5Years -9.47%
7Years -16.90%
10Years -9.95%
1.04 B REVENUE
10.00%
Growth Rates
1Year 11.06%
3Years 14.73%
5Years 11.42%
7Years 22.45%
10Years 21.78%
325 M OPERATING INCOME
30.00%
Growth Rates
1Year 122.19%
3Years 30.72%
5Years 12.23%
7Years 16.55%
10Years 18.66%
169 M NET INCOME
76.04%
Growth Rates
1Year 593.42%
3Years 60.91%
5Years 15.94%
7Years 5.26%
10Years 22.81%
368 M OPERATING CASH FLOW
23.91%
Growth Rates
1Year 15.90%
3Years 35.78%
5Years 14.30%
7Years 22.64%
10Years 18.79%
-38 M INVESTING CASH FLOW
5.00%
Growth Rates
1Year 90.38%
3Years 80.06%
5Years 59.77%
7Years 30.28%
10Years 25.07%
-264 M FINANCING CASH FLOW
-0.38%
Growth Rates
1Year -53.40%
3Years -7.14%
5Years -9.47%
7Years -16.90%
10Years -9.95%
Balance Sheet Gray Television, Inc.
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Current Assets 541 M
Cash & Short-Term Investments 135 M
Receivables 343 M
Other Current Assets 63 M
Non-Current Assets 10 B
Long-Term Investments 66 M
PP&E 1.65 B
Other Non-Current Assets 8.29 B
3.25 %15.61 %78.63 %Total Assets$10.5b
Current Liabilities 527 M
Accounts Payable 75 M
Short-Term Debt 30 M
Other Current Liabilities 422 M
Non-Current Liabilities 7.08 B
Long-Term Debt 124 M
Other Non-Current Liabilities 6.96 B
5.55 %91.44 %Total Liabilities$7.6b
EFFICIENCY
Earnings Waterfall Gray Television, Inc.
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Revenue 3.64 B
Cost Of Revenue 125 M
Gross Profit 3.52 B
Operating Expenses 2.79 B
Operating Income 851 M
Other Expenses 476 M
Net Income 375 M
4b4b4b4b3b3b3b3b2b2b2b2b1b1b500m500m004b(125m)4b(3b)851m(476m)375mRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
96.57% GROSS MARGIN
96.57%
Averages
1Year 96.57%
3Years 54.26%
5Years 47.52%
7Years 45.24%
10Years 43.24%
23.35% OPERATING MARGIN
23.35%
Averages
1Year 23.35%
3Years 20.65%
5Years 21.87%
7Years 23.96%
10Years 25.30%
10.29% NET MARGIN
10.29%
Averages
1Year 10.29%
3Years 6.78%
5Years 8.26%
7Years 9.88%
10Years 11.31%
16.43% ROE
16.43%
Averages
1Year 16.43%
3Years 9.99%
5Years 10.16%
7Years 11.00%
10Years 12.52%
3.56% ROA
3.56%
Averages
1Year 3.56%
3Years 2.31%
5Years 2.62%
7Years 2.95%
10Years 3.28%
6.46% ROIC
6.46%
Averages
1Year 6.46%
3Years 5.57%
5Years 5.25%
7Years 5.47%
10Years 6.01%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Gray Television, Inc.
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700m700m600m600m500m500m400m400m300m300m200m200m100m100m0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 375 M
Depreciation & Amortization 297 M
Capital Expenditures -143 M
Stock-Based Compensation 22 M
Change in Working Capital 180 M
Others 1 M
Free Cash Flow 608 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Gray Television, Inc.
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GTN-A has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
7.02% DIVIDEND YIELD
0.08 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
0.350.350.300.300.250.250.200.200.150.150.100.100.050.050.000.000.080.080.080.080.080.080.080.080.080.080.080.080.080.080.320.080.320.080.320.080.320.082021202120222022202320232024202420252025
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5. COMPETITION
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6. Ownership
Insider Ownership Gray Television, Inc.
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Sold
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3-6 MONTHS
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6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
GRAY SETS DATE FOR FIRST QUARTER EARNINGS RELEASE AND EARNINGS CONFERENCE CALL ATLANTA, April 03, 2025 (GLOBE NEWSWIRE) -- Gray Media, Inc. (NYSE: GTN) today announced that it will release its earnings results for the quarter ended March 31, 2025 on Thursday, May 8, 2025. globenewswire.com - 2 weeks ago
Gray Announces AR Securitization Facility increase to $400 million and extension to 2028 and Revolving Credit Facility increase to $700 million ATLANTA, March 31, 2025 (GLOBE NEWSWIRE) -- Gray Media, Inc. (“Gray” or the “Company”) (NYSE: GTN) today announced that it has increased the aggregate commitments under its revolving accounts receivable securitization facility (the “AR Facility”) by $100 million, resulting in aggregate commitments under the AR Facility of up to $400 million, and extended the maturity of the facility from February 23, 2026 to March 31, 2028. globenewswire.com - 2 weeks ago
Jaime Sayre Kawaja Returns to Kentucky to Lead Gray's Stations in the Lexington/Hazard Market ATLANTA, March 20, 2025 (GLOBE NEWSWIRE) -- Gray Media has named Jaime Sayre Kawaja as General Manager and Director of Sales for WKYT and WYMT, which together serve as the CBS affiliates for the Lexington/Hazard, Kentucky, television market. Effective April 1, she will succeed Jeff Anderson, who recently announced his decision to pursue new opportunities outside of local television. globenewswire.com - 1 month ago
Gray Stations Add Local News Live to Daily Programming Lineup ATLANTA, March 17, 2025 (GLOBE NEWSWIRE) -- Local News Live's signature afternoon newscast joins the programming lineup on 37 of Gray Media's local television stations starting today. The one-hour newscast featuring top stories from local journalists in Gray newsrooms across the country will air weekdays at 2:00 p.m. (ET) in most markets. This expansion means Local News Live now airs Monday through Friday in a total of 46 television markets and reaches more than 19 million households according to Nielsen. globenewswire.com - 1 month ago
Atlanta Braves Spring Training Games to Air in Spanish on Gray Media's Telemundo Affiliate Stations Across the Southeast ATLANTA, March 11, 2025 (GLOBE NEWSWIRE) -- For the first time, Atlanta Braves fans will be able to watch two Spring Training games in Spanish on Telemundo this March. As an extension of its broadcast deal to exclusively air ten Atlanta Braves Spring Training games in 2025, Gray Media will air two of these games simultaneously in Spanish across its 21 Telemundo Affiliate Stations across the Southeast: globenewswire.com - 1 month ago
Gray Media Promotes Ellenann Yelverton to General Counsel ATLANTA, March 04, 2025 (GLOBE NEWSWIRE) -- Gray Media has named Ellenann Yelverton as its General Counsel. Since the closing of the Gray/Raycom Media merger in 2019, Ellenann has overseen the company's legal matters for its operating divisions as our Deputy General Counsel. Prior to the merger, she served as Raycom's General Counsel and managed a host of legal matters for the company across a wide range of disciplines and through numerous acquisitions of television stations and related businesses. globenewswire.com - 1 month ago
GRAY ANNOUNCES QUARTERLY CASH DIVIDEND OF $0.08 PER SHARE ATLANTA, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Gray Media, Inc. (“Gray”) (NYSE: GTN) announced today that its Board of Directors has authorized a quarterly cash dividend of $0.08 per share of its common stock and Class A common stock. The dividend is payable on March 31, 2025, to shareholders of record at the close of business on March 14, 2025. globenewswire.com - 1 month ago
Gray Media's Fourth Quarter Financial Results Exceeded Expectations ATLANTA, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Gray Media, Inc. (“Gray,” “Gray Media,” “we,” “us” or “our”) (NYSE: GTN) today announced its financial results for the quarter ended December 31, 2024, which included revenues and expenses both finishing slightly better than guidance. For the full-year 2024, our portfolio of leading television stations earned $497 million of political advertising revenue, which we estimate to be the highest level of political advertising revenue among our peers, in total and on a per television household basis. Total operating expenses (before depreciation, amortization and loss on disposal of assets) in the fourth quarter of 2024 were $648 million, which was 2% below the low end of our previously announced guidance for the quarter. In addition, during 2024, we reduced the outstanding principal amount of our outstanding debt by $520 million, and we finished the year with a slightly lower Leverage Ratio, as defined in our Senior Credit Agreement, than we began the year. globenewswire.com - 1 month ago
Atlanta Dream and Gray Media Renew Broadcast Partnership for 2025 Gray will be the Official Broadcast Partner of the Dream, Peachtree TV and Peachtree Sports Network to air Dream games and additional content across the region Gray will be the Official Broadcast Partner of the Dream, Peachtree TV and Peachtree Sports Network to air Dream games and additional content across the region globenewswire.com - 2 months ago
Gray Media Launches New NEXTGEN TV Enhancements for the Big Game on Sunday ATLANTA, Feb. 07, 2025 (GLOBE NEWSWIRE) -- Gray Media will broadcast Super Bowl LIX using High Dynamic Range (HDR) at all their NEXTGEN TV FOX affiliates, allowing viewers in eight markets to watch the biggest game of the year with improved contrast between the brightest and darkest colors on the screen. globenewswire.com - 2 months ago
Gray Media Renews InvestigateTV+ and InvestigateTV+ Weekend for 2025-2026 Season ATLANTA, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Gray Media has renewed its daily, 30-minute news magazine InvestigateTV+ for a third season. The renewal naturally followed from continued ratings growth for the program in its second season, including weekly cumulative reach with Adults 18+ is up 5.7% in the first 18 weeks of the 2024-2025 season compared to the same period in 2023-2024 according to Nielsen.   Gray also renewed the weekend edition of the show, InvestigateTV+ Weekend, for 2025-2026, its fifth season. globenewswire.com - 2 months ago
Gray Media Promotes Pamela Biddle to General Manager of WTVM in Columbus, Georgia ATLANTA, Jan. 31, 2025 (GLOBE NEWSWIRE) -- Gray Media, Inc. (NYSE: GTN) announced today the promotion of Pamela Biddle to the position of Vice President/General Manager of WTVM, the ABC affiliate in Columbus, Georgia, effective February 3, 2025. globenewswire.com - 2 months ago
8. Profile Summary

Gray Television, Inc. GTN-A

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COUNTRY US
INDUSTRY Broadcasting
MARKET CAP $ 412 M
Dividend Yield 7.02%
Description 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, Justice, This TV Network, Antenna TV, Telemundo, Cozi, Heroes and Icons, and MOVIES! Network; 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 113 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.
Contact 4370 Peachtree Road, NE, Atlanta, GA, 30319 https://www.gray.tv
IPO Date March 17, 1993
Employees 9118
Officers Ms. Sabra Cowart Senior Vice President of Financial Reporting Mr. Donald Patrick LaPlatney President, Co-Chief Executive Officer & Director Ms. Becky Meyer Senior Vice President of National Sales Mr. Robert J. Folliard Senior Vice President of Government Relations & Distribution Mr. Hilton Hatchett Howell Jr. Executive Chairman & Chief Executive Officer Ms. Charlie Effinger Vice President of Corporate Development Mr. Mike King Senior Managing Vice President & Chief Marketing Officer Ms. Jan Goldstein Senior Vice President of Human Resources Mr. Matt Jaquint Senior Managing Vice President & Chief Revenue Officer Mr. Garrett Pope Senior Vice President of Sales Operations