Gray Television Inc. CLass A
Find Ratings ReportsGRAY TELEVISION INC's gross profit margin for the fourth quarter of its fiscal year 2023 has significantly decreased when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its subsector. GRAY TELEVISION INC has weak liquidity. Currently, the Quick Ratio is 0.97 which shows a lack of ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year, indicating deteriorating cash flow.
During the same period, stockholders' equity ("net worth") has decreased by 5.24% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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Income Statement | Q4 FY23 | Q4 FY22 |
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Net Sales ($mil) | 864.0 | 1072.0 |
EBITDA ($mil) | 200.0 | 451.0 |
EBIT ($mil) | 114.0 | 367.0 |
Net Income ($mil) | -9.0 | 186.0 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 21.0 | 61.0 |
Total Assets ($mil) | 10640.0 | 11152.0 |
Total Debt ($mil) | 6240.0 | 6533.0 |
Equity ($mil) | 2621.0 | 2766.0 |
Profitability | Q4 FY23 | Q4 FY22 |
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Gross Profit Margin | 26.97 | 44.31 |
EBITDA Margin | 23.14 | 42.07 |
Operating Margin | 13.19 | 34.24 |
Sales Turnover | 0.31 | 0.33 |
Return on Assets | -0.71 | 4.07 |
Return on Equity | -4.88 | 14.57 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 1.18 | 2.1 |
Debt/Capital | 0.7 | 0.7 |
Interest Expense | 116.0 | 105.0 |
Interest Coverage | 0.98 | 3.5 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 95.39 | 93.01 |
Div / share | 0.08 | 0.08 |
EPS | -0.24 | 1.88 |
Book value / share | 27.48 | 29.74 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 1951.0 | 1470.0 |
SELL. The current P/E ratio is negative, which has no meaningful value in the assessment of premium or discount valuation, it simply displays that the company has negative earnings. For additional comparison, its price-to-book ratio of 0.22 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 5.70. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. After reviewing these and other key valuation criteria, GRAY TELEVISION INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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GTN.A NM | Peers 42.52 | GTN.A 0.90 | Peers 19.70 | |||||||||||||||||||||
Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings. GTN.A's P/E is negative making this valuation measure meaningless. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. GTN.A is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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GTN.A NM | Peers 19.13 | GTN.A NA | Peers 0.73 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. GTN.A is trading at a significant discount to its peers. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. Ratio not available. |
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Price/Book |
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Earnings Growth |
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GTN.A 0.22 | Peers 5.70 | GTN.A -132.02 | Peers 37.80 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. GTN.A is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, GTN.A is expected to significantly trail its peers on the basis of its earnings growth rate |
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Price/Sales |
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Sales Growth |
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GTN.A 0.18 | Peers 3.80 | GTN.A -10.75 | Peers 3.92 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. GTN.A is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. GTN.A significantly trails its peers on the basis of sales growth. |
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