Nexstar Media Group
Market Cap
US$3.7b
Last Updated
2020/10/30 04:13 UTC
Data Sources
Company Financials +
Executive Summary
Nexstar Media Group, Inc. operates as a television broadcasting and digital media company in the United States. More Details
Rewards
Risk Analysis
Snowflake Analysis
Good value second-rate dividend payer.
Similar Companies
Share Price & News
How has Nexstar Media Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NXST has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-8.8%
NXST
-4.5%
US Media
-4.1%
US Market
1 Year Return
-15.6%
NXST
-3.7%
US Media
12.0%
US Market
Return vs Industry: NXST underperformed the US Media industry which returned -3.7% over the past year.
Return vs Market: NXST underperformed the US Market which returned 12% over the past year.
Shareholder returns
| NXST | Industry | Market | |
|---|---|---|---|
| 7 Day | -8.8% | -4.5% | -4.1% |
| 30 Day | -8.3% | -6.3% | -0.2% |
| 90 Day | -5.9% | -1.3% | 2.8% |
| 1 Year | -13.6%-15.6% | -2.3%-3.7% | 14.6%12.0% |
| 3 Year | 39.3%30.8% | 19.9%14.9% | 35.8%26.8% |
| 5 Year | 60.3%45.4% | 37.5%27.6% | 75.2%55.6% |
Price Volatility Vs. Market
How volatile is Nexstar Media Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
These 4 Measures Indicate That Nexstar Media Group (NASDAQ:NXST) Is Using Debt Extensively3 weeks ago | Simply Wall St
Is Now The Time To Look At Buying Nexstar Media Group, Inc. (NASDAQ:NXST)?1 month ago | Simply Wall St
Have Nexstar Media Group, Inc. (NASDAQ:NXST) Insiders Been Selling Their Stock?Valuation
Is Nexstar Media Group undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NXST ($82.46) is trading below our estimate of fair value ($290.98)
Significantly Below Fair Value: NXST is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NXST is good value based on its PE Ratio (10.4x) compared to the US Media industry average (16.1x).
PE vs Market: NXST is good value based on its PE Ratio (10.4x) compared to the US market (18.1x).
Price to Earnings Growth Ratio
PEG Ratio: NXST is poor value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: NXST is overvalued based on its PB Ratio (1.7x) compared to the US Media industry average (1.3x).
Next Steps
Future Growth
How is Nexstar Media Group forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
10.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NXST's forecast earnings growth (10% per year) is above the savings rate (2.2%).
Earnings vs Market: NXST's earnings (10% per year) are forecast to grow slower than the US market (22% per year).
High Growth Earnings: NXST's earnings are forecast to grow, but not significantly.
Revenue vs Market: NXST's revenue (5% per year) is forecast to grow slower than the US market (10% per year).
High Growth Revenue: NXST's revenue (5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NXST's Return on Equity is forecast to be low in 3 years time (17.9%).
Next Steps
Past Performance
How has Nexstar Media Group performed over the past 5 years?
30.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NXST has high quality earnings.
Growing Profit Margin: NXST's current net profit margins (9.7%) are lower than last year (13.6%).
Past Earnings Growth Analysis
Earnings Trend: NXST's earnings have grown significantly by 30.1% per year over the past 5 years.
Accelerating Growth: NXST's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: NXST had negative earnings growth (-3.1%) over the past year, making it difficult to compare to the Media industry average (-18.6%).
Return on Equity
High ROE: NXST's Return on Equity (16.6%) is considered low.
Next Steps
Financial Health
How is Nexstar Media Group's financial position?
Financial Position Analysis
Short Term Liabilities: NXST's short term assets ($1.5B) exceed its short term liabilities ($822.3M).
Long Term Liabilities: NXST's short term assets ($1.5B) do not cover its long term liabilities ($10.5B).
Debt to Equity History and Analysis
Debt Level: NXST's debt to equity ratio (365.1%) is considered high.
Reducing Debt: NXST's debt to equity ratio has reduced from 1566.1% to 365.1% over the past 5 years.
Debt Coverage: NXST's debt is not well covered by operating cash flow (11.2%).
Interest Coverage: NXST's interest payments on its debt are not well covered by EBIT (2.6x coverage).
Balance Sheet
Next Steps
Dividend
What is Nexstar Media Group current dividend yield, its reliability and sustainability?
2.72%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: NXST's dividend (2.72%) is higher than the bottom 25% of dividend payers in the US market (1.69%).
High Dividend: NXST's dividend (2.72%) is low compared to the top 25% of dividend payers in the US market (4.78%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, NXST has been paying a dividend for less than 10 years.
Growing Dividend: NXST's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (25.4%), NXST's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NXST's dividends in 3 years are forecast to be well covered by earnings (20.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.8yrs
Average management tenure
CEO
Perry Sook (62 yo)
24.75yrs
Tenure
US$16,365,697
Compensation
Mr. Perry A. Sook has professional experience in the television and radio broadcasting industries. He founded Nexstar Media Group, Inc. (“Nexstar”) in 1996 and has been its Chairman, Chief Executive Office ...
CEO Compensation Analysis
Compensation vs Market: Perry's total compensation ($USD16.37M) is above average for companies of similar size in the US market ($USD5.63M).
Compensation vs Earnings: Perry's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 24.75yrs | US$16.37m | 2.68% $ 100.2m | |
| President | no data | US$4.55m | 0.30% $ 11.2m | |
| President of Nexstar Inc. | 3.75yrs | US$3.76m | 0.19% $ 7.2m | |
| President of Nexstar Digital LLC | 3.5yrs | US$2.70m | 0.082% $ 3.0m | |
| Executive VP & CTO | 3.75yrs | no data | 0.044% $ 1.6m | |
| Executive VP | 11.42yrs | no data | 0.021% $ 788.0k | |
| Executive VP & Chief Communications Officer | 1.08yrs | no data | 0.0034% $ 127.3k | |
| Senior VP of Human Resources & Associate Counsel | 3.83yrs | no data | no data | |
| Executive Vice President of Station Operations | 11.92yrs | US$293.49k | 0.063% $ 2.4m | |
| Senior VP & Regional Manager of Nexstar Inc. | 7.08yrs | no data | no data | |
| Executive Vice President of Sales - Nexstar Inc. | 7.08yrs | no data | 0.016% $ 615.8k | |
| Senior Vice President of Financial Operations | 1yr | no data | no data |
3.8yrs
Average Tenure
59yo
Average Age
Experienced Management: NXST's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 24.75yrs | US$16.37m | 2.68% $ 100.2m | |
| Independent Director | 23.75yrs | US$241.77k | 0.081% $ 3.0m | |
| Director | 3.75yrs | US$241.77k | 0.022% $ 818.6k | |
| Independent Director | 3.75yrs | US$246.77k | 0.027% $ 993.0k | |
| Independent Director | 16.92yrs | US$266.77k | 0.019% $ 701.0k | |
| Independent Director | 6.25yrs | US$241.77k | 0.0063% $ 237.1k | |
| Independent Director | 16.92yrs | US$249.27k | 0.021% $ 783.5k | |
| Independent Director | 6.58yrs | US$241.77k | 0% $ 0 | |
| Independent Director | 14.42yrs | US$259.27k | 0.0069% $ 255.8k |
14.4yrs
Average Tenure
63yo
Average Age
Experienced Board: NXST's board of directors are seasoned and experienced ( 14.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: NXST insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Nexstar Media Group, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Nexstar Media Group, Inc.
- Ticker: NXST
- Exchange: NasdaqGS
- Founded: 1996
- Industry: Broadcasting
- Sector: Media
- Market Cap: US$3.734b
- Shares outstanding: 45.29m
- Website: https://www.nexstar.tv
Number of Employees
Location
- Nexstar Media Group, Inc.
- 545 East John Carpenter Freeway
- Suite 700
- Irving
- Texas
- 75062
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| NXST | NasdaqGS (Nasdaq Global Select) | Yes | Class A Common Stock | US | USD | Nov 2003 |
| NXZ | DB (Deutsche Boerse AG) | Yes | Class A Common Stock | DE | EUR | Nov 2003 |
Biography
Nexstar Media Group, Inc. operates as a television broadcasting and digital media company in the United States. The company focuses on the acquisition, development, and operation of television stations and ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/30 04:13 |
| End of Day Share Price | 2020/10/29 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.