Nexstar Broadcasting Group Inc

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NXST : NASDAQ : Services
$54.50 | %
Today's Range: 54.25 - 55.01
Avg. Daily Volume: 450,500
07/22/16 - 4:00 PM ET

Financial Analysis


NEXSTAR BROADCASTING GROUP's gross profit margin for the first quarter of its fiscal year 2016 is essentially unchanged when compared to the same period a year ago. The company has grown sales and net income significantly, outpacing the average growth rates of competitors within its industry. NEXSTAR BROADCASTING GROUP has average liquidity. Currently, the Quick Ratio is 1.47 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, indicating deteriorating cash flow.

At the same time, stockholders' equity ("net worth") has greatly increased by 69.99% 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 Q1 FY16 Q1 FY15
Net Sales ($mil)255.66201.74
EBITDA ($mil)86.8761.84
EBIT ($mil)62.2337.9
Net Income ($mil)21.7312.91


Balance Sheet Q1 FY16 Q1 FY15
Cash & Equiv. ($mil)12.8244.58
Total Assets ($mil)1892.191903.15
Total Debt ($mil)1514.161544.02
Equity ($mil)111.465.53


Profitability Q1 FY16 Q1 FY15
Gross Profit Margin58.9659.05
EBITDA Margin33.9730.65
Operating Margin24.3418.79
Sales Turnover0.50.37
Return on Assets4.573.68
Return on Equity77.64106.97
Debt Q1 FY16 Q1 FY15
Current Ratio1.612.06
Debt/Capital0.930.96
Interest Expense20.6519.29
Interest Coverage3.011.96


Share Data Q1 FY16 Q1 FY15
Shares outstanding (mil)30.6831.29
Div / share0.240.19
EPS0.690.4
Book value / share3.632.09
Institutional Own % n/a n/a
Avg Daily Volume450190.0681215.0

Valuation


BUY. This stock's P/E ratio indicates a discount compared to an average of 23.01 for the Media industry and a discount compared to the S&P 500 average of 25.05. For additional comparison, its price-to-book ratio of 14.97 indicates a significant premium versus the S&P 500 average of 2.81 and a significant premium versus the industry average of 3.71. 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 19.99 Peers 23.01   NXST 8.90 Peers 19.72

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

NXST is trading at a 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 significant 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 14.07 Peers 80.89   NXST 0.26 Peers 1.36

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 14.97 Peers 3.71   NXST 24.77 Peers -8.91

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.

 

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

NXST is expected to have an earnings growth rate that significantly exceeds its peers.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
NXST 1.76 Peers 3.76   NXST 35.90 Peers 42.30

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.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

NXST trails its peers on the basis of sales growth

 

 

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