Executive Summary
GTN Limited, together with its subsidiaries, operates broadcast media advertising platforms that supply traffic information reports to radio and/or television stations.
Snowflake
Fundamentals
Very undervalued with excellent balance sheet and pays a dividend.
Share Price & News
How has GTN's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-13.2%
GTN
-3.4%
AU Media
1.7%
AU Market
1 Year Return
-65.5%
GTN
-19.8%
AU Media
10.3%
AU Market
Return vs Industry: GTN underperformed the Australian Media industry which returned -19.8% over the past year.
Return vs Market: GTN underperformed the Australian Market which returned 10.3% over the past year.
Shareholder returns
| GTN | Industry | Market | |
|---|---|---|---|
| 7 Day | -13.2% | -3.4% | 1.7% |
| 30 Day | -11.0% | -8.4% | -0.4% |
| 90 Day | -18.5% | -13.5% | -0.1% |
| 1 Year | -63.5%-65.5% | -16.0%-19.8% | 16.7%10.3% |
| 3 Year | -74.9%-78.5% | 4.8%-16.8% | 36.7%18.4% |
| 5 Year | n/a | -8.5%-36.6% | 50.9%16.9% |
Price Volatility Vs. Market
How volatile is GTN's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
How Do GTN Limited’s (ASX:GTN) Returns On Capital Compare To Peers?3 weeks ago | Simply Wall St
Is GTN Limited's (ASX:GTN) CEO Overpaid Relative To Its Peers?Valuation
Is GTN undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: GTN (A$0.73) is trading below our estimate of fair value (A$3.54)
Significantly Undervalued: GTN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GTN is good value based on its PE Ratio (10.4x) compared to the Media industry average (16.5x).
PE vs Market: GTN is good value based on its PE Ratio (10.4x) compared to the Australian market (18.2x).
Price to Earnings Growth Ratio
Low PEG Ratio: GTN is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: GTN is good value based on its PB Ratio (0.7x) compared to the AU Media industry average (1.3x).
Next Steps
Future Growth
How is GTN forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
16.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GTN's forecast earnings growth (16.3% per year) is above the savings rate (2.3%).
Earnings vs Market: GTN's earnings (16.3% per year) are forecast to grow faster than the Australian market (10.2% per year).
High Growth Earnings: GTN's earnings are forecast to grow, but not significantly.
Revenue vs Market: GTN's revenue (4.1% per year) is forecast to grow faster than the Australian market (3.6% per year).
High Growth Revenue: GTN's revenue (4.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: GTN's Return on Equity is forecast to be low in 3 years time (12.5%).
Next Steps
Past Performance
How has GTN performed over the past 5 years?
54.1%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: GTN's earnings have grown significantly by 54.1% per year over the past 5 years.
Accelerating Growth: GTN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: GTN had negative earnings growth (-36.6%) over the past year, making it difficult to compare to the Media industry average (-13.9%).
Return on Equity
High ROE: GTN's Return on Equity (6.7%) is considered low.
Return on Assets
ROA vs Industry: GTN's Return on Assets is below or equal to the Media industry average last year.
Return on Capital Employed
ROCE Improving: GTN has significantly improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is GTN's financial position?
Financial Position Analysis
Short Term Liabilities: GTN's short term assets (A$94.8M) exceeds its short term liabilities (A$35.5M)
Long Term Liabilities: GTN's short term assets (94.8M) exceeds its long term liabilities (80.9M)
Debt to Equity History and Analysis
Debt Level: GTN's debt to equity ratio (25%) is considered satisfactory
Reducing Debt: Insufficient data to determine if GTN's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: GTN's debt is well covered by operating cash flow (56.7%).
Interest Coverage: GTN earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: GTN has a low level of unsold assets or inventory.
Debt Coverage by Assets: GTN's debt is covered by short term assets (assets are 1.607050x debt).
Next Steps
Dividend
What is GTN's current dividend yield, its reliability and sustainability?
8.83%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: GTN's dividend (8.83%) is higher than the bottom 25% of dividend payers in the Australian market (2.45%).
High Dividend: GTN's dividend (8.83%) is in the top 25% of dividend payers in the Australian market (5.56%)
Stable Dividend: GTN has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: GTN has only been paying a dividend for 3 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (79.9%), GTN's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GTN's dividends in 3 years are forecast to be covered by earnings (65.2% payout ratio).
Next Steps
Management
What is the CEO of GTN's salary, the management and board of directors tenure and is there insider trading?
AU$1m
CEO Compensation
CEO
Bill Yde (66yo)
14.8yrs
Tenure
AU$1,394,492
Compensation
Mr. William L. Yde, III, also known as Bill, has been Chief Executive Officer, Managing Director and President of GTN Limited since 2005. Mr. Yde has been Chairman, Chief Executive Officer and President of ...
CEO Compensation Analysis
Compensation vs. Market: Bill's total compensation ($USD941.46K) is about average for companies of similar size in the Australian market ($USD257.55K).
Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.
Insider Trading
Insider Buying: GTN insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Company |
| Shares | 11,459,176 |
| Max Price | AU$0.83 |
| Entity | Company |
| Shares | 397,484 |
| Max Price | AU$0.82 |
| Entity | Company |
| Shares | 11,459,176 |
| Max Price | AU$0.83 |
| Entity | Company |
| Shares | 397,484 |
| Max Price | AU$0.82 |
| Entity | Company |
| Shares | 11,459,176 |
| Max Price | AU$0.83 |
| Entity | Company |
| Shares | 64,856 |
| Max Price | AU$0.81 |
| Entity | Company |
| Shares | 4,320,051 |
| Max Price | AU$1.08 |
| Entity | Company |
| Shares | 700,000 |
| Max Price | AU$1.28 |
| Entity | Company |
| Shares | 19,050,574 |
| Max Price | AU$2.02 |
| Entity | Company |
| Shares | 3,128,645 |
| Max Price | AU$2.24 |
| Entity | Company |
| Shares | 3,000,000 |
| Max Price | AU$0.81 |
| Entity | Company |
| Shares | 11,887,208 |
| Max Price | AU$0.81 |
| Entity | Company |
| Shares | 414,426 |
| Max Price | AU$0.80 |
| Entity | Individual |
| Role | Chairman of the Board Independent Non-Executive Chairman |
| Shares | 80,876 |
| Max Price | AU$0.81 |
| Entity | Company |
| Shares | 1,417,035 |
| Max Price | AU$1.31 |
| Entity | Company |
| Shares | 2,581,415 |
| Max Price | AU$1.07 |
| Entity | Company |
| Shares | 2,791,521 |
| Max Price | AU$1.21 |
| Entity | Company |
| Shares | 2,915,483 |
| Max Price | AU$1.19 |
| Entity | Company |
| Shares | 4,577,268 |
| Max Price | AU$1.14 |
| Entity | Company |
| Shares | 1,497,539 |
| Max Price | AU$1.14 |
| Entity | Company |
| Shares | 3,215,755 |
| Max Price | AU$2.09 |
| Entity | Company |
| Shares | 4,500,000 |
| Max Price | AU$1.15 |
| Entity | Company |
| Shares | 1,761,325 |
| Max Price | AU$1.78 |
| Entity | Company |
| Shares | 78,348 |
| Max Price | AU$1.93 |
| Entity | Company |
| Shares | 596,301 |
| Max Price | AU$1.73 |
| Entity | Company |
| Shares | 19,279 |
| Max Price | AU$1.88 |
| Entity | Company |
| Shares | 15,069 |
| Max Price | AU$1.77 |
| Entity | Company |
| Shares | 41,363 |
| Max Price | AU$2.28 |
| Entity | Company |
| Shares | 4,312,004 |
| Max Price | AU$0.98 |
| Entity | Company |
| Shares | 8,438,332 |
| Max Price | AU$1.06 |
| Entity | Company |
| Shares | 5,962,819 |
| Max Price | AU$1.47 |
| Entity | Company |
| Shares | 3,070,149 |
| Max Price | AU$1.98 |
| Entity | Company |
| Shares | 4,337 |
| Max Price | AU$2.22 |
| Entity | Company |
| Shares | 1,420,274 |
| Max Price | AU$2.27 |
| Entity | Company |
| Shares | 2,717,059 |
| Max Price | AU$2.12 |
Ownership Breakdown
Management Team
Gary Worobow (54yo)
Executive Vice President of Business & Legal Affairs
- Tenure: 0yrs
- Compensation: AU$687.45k
John Quinn (62yo)
Chief Operating Officer of United Kingdom Traffic Network
- Tenure: 0yrs
Bill Yde (66yo)
MD, CEO
- Tenure: 14.8yrs
- Compensation: AU$1.39m
Scott Cody (53yo)
COO & CFO
- Tenure: 0yrs
- Compensation: AU$850.37k
Vic Lorusso
Chief Operations Manager of Australian Traffic Network
- Tenure: 0yrs
Anna Sandham
Joint Company Secretary
- Tenure: 2.4yrs
Patrick Quinlan
Joint Company Secretary
- Tenure: 0yrs
Board Members
David Ryan (68yo)
Independent Non-Executive Director
- Tenure: 0yrs
- Compensation: AU$136.67k
Bill Yde (66yo)
MD, CEO
- Tenure: 14.8yrs
- Compensation: AU$1.39m
Rob Loewenthal
Independent Non-Executive Chairman
- Tenure: 2.6yrs
- Compensation: AU$176.00k
Corinna Keller
Independent Non-Executive Director
- Tenure: 0.6yrs
- Compensation: AU$34.18k
Company Information
GTN Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: GTN Limited
- Ticker: GTN
- Exchange: ASX
- Founded: 1997
- Industry: Advertising
- Sector: Media
- Market Cap: AU$172.230m
- Shares outstanding: 223.68m
- Website: https://www.gtnetwork.com.au
Location
- GTN Limited
- 100 Miller Street
- Level 42, Northpoint
- North Sydney
- New South Wales
- 2060
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GTN | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Jun 2016 |
| GTN | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Jun 2016 |
Biography
GTN Limited, together with its subsidiaries, operates broadcast media advertising platforms that supply traffic information reports to radio and/or television stations. The company through its advertising ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/17 10:40 |
| End of Day Share Price | 2019/10/17 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2019/06/30 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.