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Communication Services - Broadcasting - NYSE - US
$ 3.47
-4.67 %
$ 385 M
Market Cap
1.03
P/E
1. INTRINSIC VALUE

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

The intrinsic value of one GTN stock under the worst case scenario is HIDDEN Compared to the current market price of 3.47 USD, Gray Television, Inc. is HIDDEN

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

The intrinsic value of one GTN stock under the base case scenario is HIDDEN Compared to the current market price of 3.47 USD, Gray Television, Inc. is HIDDEN

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

The intrinsic value of one GTN stock under the best case scenario is HIDDEN Compared to the current market price of 3.47 USD, Gray Television, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart GTN

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$6.0$6.0$5.5$5.5$5.0$5.0$4.5$4.5$4.0$4.0$3.5$3.5$3.0$3.0$2.5$2.515 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%
851 M OPERATING INCOME
122.19%
375 M NET INCOME
593.42%
751 M OPERATING CASH FLOW
15.90%
-28 M INVESTING CASH FLOW
90.38%
-609 M FINANCING CASH FLOW
-53.40%
1.04 B REVENUE
10.00%
325 M OPERATING INCOME
30.00%
169 M NET INCOME
76.04%
368 M OPERATING CASH FLOW
23.91%
-38 M INVESTING CASH FLOW
5.00%
-264 M FINANCING CASH FLOW
-0.38%
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%
23.35% OPERATING MARGIN
23.35%
10.29% NET MARGIN
10.29%
16.43% ROE
16.43%
3.56% ROA
3.56%
6.46% ROIC
6.46%
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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Wall Street analysts predict an average 1-year price target for GTN of $7 , with forecasts ranging from a low of $7 to a high of $7 .
GTN Lowest Price Target Wall Street Target
7 USD 101.73%
GTN Average Price Target Wall Street Target
7 USD 101.73%
GTN Highest Price Target Wall Street Target
7 USD 101.73%
Price
Max Price Target
Min Price Target
Average Price Target
77776666555544443333May '24May '24Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26
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
slide 2 of 5
6. Ownership
Insider Ownership Gray Television, Inc.
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Sold
0-3 MONTHS
61.6 K USD 1
3-6 MONTHS
745 K USD 2
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
Are Investors Undervaluing Gray Media Inc. (GTN) Right Now? Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. zacks.com - 1 week ago
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
Here is What to Know Beyond Why Gray Media Inc. (GTN) is a Trending Stock Recently, Zacks.com users have been paying close attention to Gray Media (GTN). This makes it worthwhile to examine what the stock has in store. zacks.com - 2 weeks ago
Gray Media (GTN) Increases Yet Falls Behind Market: What Investors Need to Know Gray Media (GTN) closed the most recent trading day at $4.32, moving +0.23% from the previous trading session. zacks.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
Gray Media (GTN) Is Attractively Priced Despite Fast-paced Momentum Gray Media (GTN) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices. zacks.com - 3 weeks ago
Is Trending Stock Gray Media Inc. (GTN) a Buy Now? Zacks.com users have recently been watching Gray Media (GTN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects. zacks.com - 4 weeks ago
Should Value Investors Buy Gray Media Inc. (GTN) Stock? Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. zacks.com - 4 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
Can Gray Media (GTN) Climb 31.84% to Reach the Level Wall Street Analysts Expect? The average of price targets set by Wall Street analysts indicates a potential upside of 31.8% in Gray Media (GTN). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock. zacks.com - 1 month ago
Is Gray Media (GTN) a Buy as Wall Street Analysts Look Optimistic? The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. zacks.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
8. Profile Summary

Gray Television, Inc. GTN

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COUNTRY US
INDUSTRY Broadcasting
MARKET CAP $ 385 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 Aug. 30, 2002
Employees 9118
Officers Ms. Sabra Cowart Senior Vice President of Financial Reporting Mr. Garrett Pope Senior Vice President of Sales Operations Ms. Jan Goldstein Senior Vice President of Human Resources Mr. Matt Jaquint Senior Managing Vice President & Chief Revenue Officer Mr. Robert J. Folliard Senior Vice President of Government Relations & Distribution Ms. Becky Meyer Senior Vice President of National Sales Mr. Hilton Hatchett Howell Jr. Executive Chairman & Chief Executive Officer Mr. Donald Patrick LaPlatney President, Co-Chief Executive Officer & Director Ms. Charlie Effinger Vice President of Corporate Development Mr. Mike King Senior Managing Vice President & Chief Marketing Officer