Gray Television Financials

GTN Stock  USD 4.37  0.01  0.23%   
Based on the analysis of Gray Television's profitability, liquidity, and operating efficiency, Gray Television may be sliding down financialy. It has an above-average likelihood of going through some form of financial trouble next quarter. At this time, Gray Television's Net Debt is very stable compared to the past year. As of the 25th of November 2024, Retained Earnings is likely to grow to about 1.1 B, while Cash is likely to drop about 19.9 M. Key indicators impacting Gray Television's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio3.852.3544
Way Up
Slightly volatile
Operating Income402.1 M383 M
Sufficiently Up
Slightly volatile
Current Ratio1.831.1848
Way Up
Slightly volatile
The financial analysis of Gray Television is a critical element in measuring its lifeblood. Investors should not minimize Gray Television's ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.

Net Income

(72.2 Million)

  
Understanding current and past Gray Television Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Gray Television's financial statements are interrelated, with each one affecting the others. For example, an increase in Gray Television's assets may result in an increase in income on the income statement.

Gray Television Stock Summary

Gray Television competes with E W, Saga Communications, IHeartMedia, Cumulus Media, and Beasley Broadcast. Gray Television, Inc., a television broadcasting company, owns andor operates television stations and digital assets in the United States. Gray Television, Inc. was founded in 1891 and is headquartered in Atlanta, Georgia. Gray Television operates under Broadcasting classification in the United States and is traded on New York Stock Exchange. It employs 8608 people.
Specialization
Communication Services, Media & Entertainment
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
ISINUS3893751061
CUSIP389375106 389190208 389190109
LocationGeorgia; U.S.A
Business Address4370 Peachtree Road,
SectorMedia
IndustryCommunication Services
BenchmarkDow Jones Industrial
Websitewww.gray.tv
Phone404 504 9828
CurrencyUSD - US Dollar

Gray Television Key Financial Ratios

Gray Television Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets7.0B7.6B11.1B11.2B10.6B11.2B
Other Current Liab220M189M268M280M274M287.7M
Net Debt3.5B3.3B6.6B6.5B6.2B6.5B
Retained Earnings504M862M869M1.2B1.1B1.1B
Accounts Payable11M10M59M55M23M24.2M
Cash212M773M189M61M21M20.0M
Net Receivables411M446M645M672M363M381.2M
Inventory24M61M94M43M18M11.6M
Other Current Assets25M85M129M124M84M88.2M
Total Liab4.9B5.2B8.7B8.4B8.0B8.4B
Total Current Assets672M1.3B963M857M468M269.6M
Short Term Debt6M14M33M35M37M25.8M
Intangible Assets4.0B4.0B6.1B6.0B5.7B6.0B
Common Stock1.1B1.1B1.2B1.2B1.2B677.6M
Other Liab868M960M1.5B1.5B1.7B1.8B
Other Assets29M39M16M19M(131M)(124.5M)
Long Term Debt7M4.0B6.7B6.4B6.1B6.5B
Good Will1.4B1.5B2.6B2.7B2.6B2.8B
Treasury Stock(133M)(214M)(251M)(309M)(278.1M)(264.2M)
Net Tangible Assets2.1B2.4B(6.4B)2.8B3.2B3.3B
Long Term Debt Total7M4.0B6.7B6.4B7.4B7.8B

Gray Television Key Income Statement Accounts

201920202021202220232024 (projected)
Interest Expense227M191M205M354M440M462M
Total Revenue2.1B2.4B2.4B3.7B3.3B3.4B
Gross Profit723M989M803M1.4B560M588M
Operating Income478M752M381M990M383M402.2M
Ebit478M735M373M999M358M375.9M
Ebitda623M936M594M1.3B697M731.9M
Cost Of Revenue1.4B1.4B1.6B2.2B2.7B2.9B
Income Before Tax255M544M168M614M(82M)(77.9M)
Net Income179M410M90M455M(76M)(72.2M)
Income Tax Expense76M134M78M159M(6M)(5.7M)
Tax Provision76M134M78M159M55M70.9M
Interest Income227M191M205M354M407.1M427.5M
Net Interest Income(227M)(191M)(205M)(354M)(424M)(402.8M)

Gray Television Key Cash Accounts

201920202021202220232024 (projected)
Change To Inventory5.0M31.6M(51M)(43M)(45.9M)(43.6M)
Change In Cash(1.2B)561M(584M)(128M)(40M)(38M)
Free Cash Flow275M542M93M393M300M315M
Depreciation234M239M259M384M339M356.0M
Other Non Cash Items(75M)(33M)1M(18M)121M127.1M
Net Income179M410M90M455M(76M)(72.2M)
End Period Cash Flow212M773M189M61M21M20.0M
Change To Netincome(15M)47M(18M)(49M)(44.1M)(41.9M)
Change Receivables22M(14M)(30M)(26M)(23.4M)(22.2M)
Net Borrowings1.2B275M2.8B(315M)(362.3M)(344.1M)
Investments(2.7B)(48M)(49M)(16M)(400M)(420M)

Gray Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Gray Television's current stock value. Our valuation model uses many indicators to compare Gray Television value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Gray Television competition to find correlations between indicators driving Gray Television's intrinsic value. More Info.
Gray Television is rated # 3 in return on equity category among its peers. It also is rated # 3 in return on asset category among its peers reporting about  0.53  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Gray Television is roughly  1.88 . At this time, Gray Television's Return On Equity is very stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Gray Television's earnings, one of the primary drivers of an investment's value.

Gray Television Systematic Risk

Gray Television's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Gray Television volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on Gray Television correlated with the market. If Beta is less than 0 Gray Television generally moves in the opposite direction as compared to the market. If Gray Television Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Gray Television is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Gray Television is generally in the same direction as the market. If Beta > 1 Gray Television moves generally in the same direction as, but more than the movement of the benchmark.

Gray Television Thematic Clasifications

Gray Television is part of Communication investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. USA Equities from Communication industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions
CommunicationView
This theme covers USA Equities from Communication industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions. Get More Thematic Ideas
Today, most investors in Gray Television Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Gray Television's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Gray Television growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.0865

At this time, Gray Television's Price Earnings To Growth Ratio is very stable compared to the past year.

Gray Television November 25, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Gray Television help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Gray Television. We use our internally-developed statistical techniques to arrive at the intrinsic value of Gray Television based on widely used predictive technical indicators. In general, we focus on analyzing Gray Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Gray Television's daily price indicators and compare them against related drivers.
When determining whether Gray Television offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Gray Television's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Gray Television Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Gray Television Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gray Television. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
To learn how to invest in Gray Stock, please use our How to Invest in Gray Television guide.
You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Is Broadcasting space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Gray Television. If investors know Gray will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Gray Television listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
10.164
Dividend Share
0.32
Earnings Share
1.5
Revenue Per Share
36.743
Quarterly Revenue Growth
0.183
The market value of Gray Television is measured differently than its book value, which is the value of Gray that is recorded on the company's balance sheet. Investors also form their own opinion of Gray Television's value that differs from its market value or its book value, called intrinsic value, which is Gray Television's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Gray Television's market value can be influenced by many factors that don't directly affect Gray Television's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Gray Television's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gray Television is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gray Television's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.