Nexstar Media Group
Market Cap
US$2.7b
Last Updated
2020/03/31 02:03 UTC
Data Sources
Company Financials +
Executive Summary
Nexstar Media Group, Inc. operates as a television broadcasting and digital media company in the United States.
Rewards
Risk Analysis
+ 1 more risk
Snowflake Analysis
Good value with reasonable growth potential.
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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
6.4%
NXST
5.0%
US Media
7.2%
US Market
1 Year Return
-44.9%
NXST
-12.9%
US Media
-10.4%
US Market
Return vs Industry: NXST underperformed the US Media industry which returned -12.9% over the past year.
Return vs Market: NXST underperformed the US Market which returned -10.4% over the past year.
Shareholder returns
| NXST | Industry | Market | |
|---|---|---|---|
| 7 Day | 6.4% | 5.0% | 7.2% |
| 30 Day | -47.9% | -16.4% | -12.6% |
| 90 Day | -48.9% | -24.0% | -19.4% |
| 1 Year | -43.9%-44.9% | -11.6%-12.9% | -8.5%-10.4% |
| 3 Year | -8.2%-13.4% | -12.2%-16.0% | 15.8%8.3% |
| 5 Year | 13.6%3.5% | 2.3%-5.8% | 35.8%21.0% |
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
This Insider Has Just Sold Shares In Nexstar Media Group, Inc. (NASDAQ:NXST)2 weeks ago | Simply Wall St
A Sliding Share Price Has Us Looking At Nexstar Media Group, Inc.'s (NASDAQ:NXST) P/E RatioValuation
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 ($59.9) is trading below our estimate of fair value ($331.08)
Significantly Below Fair Value: NXST is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NXST is poor value based on its PE Ratio (12x) compared to the Media industry average (10x).
PE vs Market: NXST is good value based on its PE Ratio (12x) compared to the US market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: NXST is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: NXST is overvalued based on its PB Ratio (1.3x) compared to the US Media industry average (0.9x).
Next Steps
Future Growth
How is Nexstar Media Group forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
26.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NXST's forecast earnings growth (26.7% per year) is above the savings rate (1.7%).
Earnings vs Market: NXST's earnings (26.7% per year) are forecast to grow faster than the US market (12.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: NXST's revenue (13.7% per year) is forecast to grow faster than the US market (7.2% per year).
High Growth Revenue: NXST's revenue (13.7% 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?
37.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NXST has high quality earnings.
Growing Profit Margin: NXST's current net profit margins (7.6%) are lower than last year (14.1%).
Past Earnings Growth Analysis
Earnings Trend: NXST's earnings have grown significantly by 37% 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 (-40.9%) over the past year, making it difficult to compare to the Media industry average (6%).
Return on Equity
High ROE: NXST's Return on Equity (11.5%) 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 ($1.4B) exceed its short term liabilities ($947.6M).
Long Term Liabilities: NXST's short term assets ($1.4B) do not cover its long term liabilities ($11.0B).
Debt to Equity History and Analysis
Debt Level: NXST's debt to equity ratio (413.6%) is considered high.
Reducing Debt: NXST's debt to equity ratio has reduced from 2158.5% to 413.6% over the past 5 years.
Debt Coverage: NXST's debt is not well covered by operating cash flow (4.9%).
Interest Coverage: NXST's interest payments on its debt are not well covered by EBIT (2.5x coverage).
Balance Sheet
Inventory Level: NXST has a low level of unsold assets or inventory.
Debt Coverage by Assets: NXST's debt is not covered by short term assets (assets are 0.2x debt).
Next Steps
Dividend
What is Nexstar Media Group's current dividend yield, its reliability and sustainability?
3.74%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NXST's dividend (3.74%) is higher than the bottom 25% of dividend payers in the US market (1.95%).
High Dividend: NXST's dividend (3.74%) is low compared to the top 25% of dividend payers in the US market (5.4%).
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 7 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (35.9%), 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 thoroughly covered by earnings (14.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.2yrs
Average management tenure
CEO
Perry Sook (61yo)
24.17s
Tenure
US$14,587,076
Compensation
Mr. Perry A. Sook has over 37 years of professional experience in the television and radio broadcasting industries. He founded Nexstar Media Group, Inc. (“Nexstar”) in 1996 and has been its Chairman, Presi ...
CEO Compensation Analysis
Compensation vs Market: Perry's total compensation ($USD14.59M) is above average for companies of similar size in the US market ($USD5.48M).
Compensation vs Earnings: Perry's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 24.17yrs | US$14.59m | 2.65% $72.8m | |
| Executive VP & CFO | 10.58yrs | US$5.31m | 0.32% $8.9m | |
| President of Nexstar Broadcasting Inc | 3.17yrs | US$4.75m | 0.19% $5.3m | |
| President of Nexstar Digital LLC | 2.83yrs | US$3.50m | 0.064% $1.8m | |
| Executive VP & COO of Nexstar Broadcasting | 3.17yrs | US$1.82m | 0.056% $1.5m | |
| Executive VP & CTO | 3.17yrs | no data | 0.043% $1.2m | |
| Executive VP | 10.83yrs | no data | 0.021% $572.5k | |
| Executive VP & Chief Communications Officer | 0.42yr | no data | 0.0024% $65.9k | |
| Senior VP of Human Resources & Associate Counsel | 3.25yrs | no data | no data | |
| Executive Vice President of Sales at Nexstar Broadcasting | 6.42yrs | no data | 0.016% $447.2k |
3.2yrs
Average Tenure
59yo
Average Age
Experienced Management: NXST's management team is considered experienced (3.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 24.17yrs | US$14.59m | 2.65% $72.8m | |
| Independent Director | 23.17yrs | US$256.07k | 0.080% $2.2m | |
| Director | 3.17yrs | US$256.07k | 0.022% $600.5k | |
| Independent Director | 3.17yrs | US$261.07k | 0.027% $742.8k | |
| Independent Director | 16.25yrs | US$281.07k | 0.019% $509.0k | |
| Independent Director | 5.67yrs | US$256.07k | 0.012% $321.9k | |
| Independent Director | 16.25yrs | US$263.57k | 0.021% $569.2k | |
| Independent Director | 6yrs | US$256.07k | 0.0022% $59.9k | |
| Independent Director | 13.83yrs | US$273.57k | 0.013% $365.3k |
13.8yrs
Average Tenure
62yo
Average Age
Experienced Board: NXST's board of directors are seasoned and experienced ( 13.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: NXST insiders have sold more shares than they have bought 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$2.747b
- Shares outstanding: 45.86m
- 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 interactive community Websites in small and medium-sized markets. It offers free over-the-air programming to television viewing audiences. As of December 31, 2018, the company also provides sales, programming, and other services through various local service agreements to 38 power television stations owned and/or operated by independent third parties; owned, operated, programmed, or provided sales and other services to 174 television stations in 100 markets in the states of Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Montana, Nevada, New Mexico, New York, North Carolina, North Dakota, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, West Virginia, and Wisconsin; and reaches 42.7 million television households. It affiliates of ABC, NBC, FOX, CBS, The CW, MNTV and other broadcast television networks. The company was formerly known as Nexstar Broadcasting Group, Inc. and changed its name to Nexstar Media Group, Inc. in January 2017. Nexstar Media Group, Inc. was founded in 1996 and is headquartered in Irving, Texas.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/31 02:03 |
| End of Day Share Price | 2020/03/30 00:00 |
| Earnings | 2019/12/31 |
| 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.