Aggressive M&A Will Accelerate US Media Erosion

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

19 Sep 24

Updated

05 Sep 25

Views

85

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

54.7%

7D

-3.8%

Loading

1Y

54.7%

7D

-3.8%

You can edit this narrative until Sep 6 10:10 AM. Then, changes will post as Updates.

Author's Valuation

US$6.0816.8% undervalued

AnalystConsensusTarget Fair Value

Shared on 05 Sep 25

With both Net Profit Margin and Future P/E remaining stable, there were no material fundamental changes driving a revision, leaving Gray Media’s consensus analyst price target effectively unchanged at $6.08. What's in the News Gray Media partnered with Victory+ to simulcast 17 Dallas Stars NHL games across 15 television markets in Texas, Arkansas, and Louisiana, expanding access for hockey fans in outer markets.

Shared on 30 Jul 25

Fair value Increased 8.05%

Despite improved revenue growth forecasts for Gray Media, a substantial increase in the projected future P/E ratio has led to a lower consensus price target, now revised down to $5.10. What's in the News Gray Media entered into a partnership naming its affiliates in Knoxville, Nashville, and Memphis as the Official Television Stations of the Tennessee Volunteers, launching the Tennessee Valley Sports Network to deliver expanded, free over-the-air coverage of Tennessee Athletics, with plans for further market expansion and additional sports programming through 2028.

Shared on 01 May 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 23 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 17 Apr 25

Fair value Increased 4.84%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 09 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 02 Apr 25

Fair value Decreased 0.37%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 11 Mar 25

Fair value Increased 5.69%

AnalystConsensusTarget has increased revenue growth from -0.5% to -3.5%, increased profit margin from 1.8% to 8.6% and decreased future PE multiple from 17.4x to 2.7x.

AnalystConsensusTarget Fair Value

US$6.08

16.8% undervalued

Future estimation in

Growth p.a.

Growth p.a.

%

Decrease

Increase

Current revenue growth rate

-0.26%

Media revenue growth rate

0.15%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

12.50%

Calculation

US$80.22m

Earnings '28

x

10.85x

PE Ratio '28

=

US$870.63m

Market Cap '28

US$870.63m

Market Cap '28

/

101.18m

No. shares '28

=

US$8.60

Share Price '28

US$8.60 Share Price '28

Discounted to 2025 @ 12.32% p.a.

=

US$6.07

Fair Value '25