Nexstar Media Group Inc

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NXST : NASDAQ : Services
$62.6 up 0.85 | 1.4%
Today's Range: 61.4 - 62.75
Avg. Daily Volume: 696900.0
01/24/17 - 3:13 PM ET

Financial Analysis


NEXSTAR BROADCASTING GROUP's gross profit margin for the third quarter of its fiscal year 2016 is essentially unchanged when compared to the same period a year ago. The company has grown its sales and net income during the past quarter when compared with the same quarter a year ago, and although its growth in net income has outpaced the industry average, its revenue growth has not. NEXSTAR BROADCASTING GROUP has average liquidity. Currently, the Quick Ratio is 1.35 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.

At the same time, stockholders' equity ("net worth") has greatly increased by 170.94% from the same quarter last year. Together, the key liquidity measurements indicate that it is relatively unlikely that the company will face financial difficulties in the near future.

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Income Statement Q3 FY16 Q3 FY15
Net Sales ($mil)275.66223.03
EBITDA ($mil)98.1872.74
EBIT ($mil)73.848.32
Net Income ($mil)24.817.28


Balance Sheet Q3 FY16 Q3 FY15
Cash & Equiv. ($mil)29.2623.36
Total Assets ($mil)2920.71860.21
Total Debt ($mil)2348.171485.14
Equity ($mil)152.4756.27


Profitability Q3 FY16 Q3 FY15
Gross Profit Margin58.3657.91
EBITDA Margin35.6132.61
Operating Margin26.7721.66
Sales Turnover0.360.45
Return on Assets3.364.37
Return on Equity64.42144.57
Debt Q3 FY16 Q3 FY15
Current Ratio1.582.02
Debt/Capital0.940.96
Interest Expense29.6220.4
Interest Coverage2.492.37


Share Data Q3 FY16 Q3 FY15
Shares outstanding (mil)30.7130.62
Div / share0.240.19
EPS0.780.54
Book value / share4.971.84
Institutional Own % n/a n/a
Avg Daily Volume696304.0514232.0

Valuation


BUY. The current P/E ratio indicates a significant discount compared to an average of 30.47 for the Media industry and a discount compared to the S&P 500 average of 25.41. For additional comparison, its price-to-book ratio of 12.68 indicates a significant premium versus the S&P 500 average of 2.83 and a significant premium versus the industry average of 3.55. The price-to-sales ratio is below the S&P 500 average and is well below the industry average, indicating a discount. The valuation analysis reveals that, NEXSTAR BROADCASTING GROUP seems to be trading at a discount to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
NXST 20.24 Peers 30.47   NXST 8.80 Peers 11.64

Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.

NXST is trading at a significant discount to its peers.

 

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.

NXST is trading at a discount to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
NXST 20.98 Peers 80.25   NXST 0.38 Peers 2.48

Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.

NXST is trading at a significant discount to its peers.

 

Discount. 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.

NXST trades at a significant discount to its peers.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
NXST 12.68 Peers 3.55   NXST 22.92 Peers 62.27

Premium. A higher price-to-book ratio makes a stock less attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

NXST is trading at a significant premium to its peers.

 

Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

However, NXST is expected to significantly trail its peers on the basis of its earnings growth rate.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
NXST 1.85 Peers 6.90   NXST 24.93 Peers 16.69

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.

NXST is trading at a significant discount to its industry on this measurement.

 

Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.

NXST has a sales growth rate that significantly exceeds its peers.

 

 

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