Snowflake Score | |
---|---|
Valuation | 5/6 |
Future Growth | 2/6 |
Past Performance | 2/6 |
Financial Health | 3/6 |
Dividends | 3/6 |
NXST Stock Overview
Nexstar Media Group, Inc., a television broadcasting and digital media company, focuses on the acquisition, development, and operation of television stations and interactive community websites and digital media services in the United States.
Nexstar Media Group Competitors
Price History & Performance
Historical stock prices | |
---|---|
Current Share Price | US$164.34 |
52 Week High | US$192.84 |
52 Week Low | US$135.87 |
Beta | 1.53 |
1 Month Change | -7.00% |
3 Month Change | -12.81% |
1 Year Change | 11.13% |
3 Year Change | 48.83% |
5 Year Change | 175.74% |
Change since IPO | 1,140.30% |
Recent News & Updates
Nexstar Media nears deal for control of CW Network - WSJ
Nexstar Media Group (NASDAQ:NXST), the nation's No. 1 TV station owner, is closing in on a deal to acquire majority control of the CW Network from its co-owners, Warner Bros. Discovery (NASDAQ:WBD) and Paramount Global (NASDAQ:PARA) (NASDAQ:PARAA), The Wall Street Journal reports. The deal as discussed would have WBD and Paramount each holding on to a 12.5% stake while Nexstar acquires 75%, according to the report. Nexstar stock (NXST) is up 2.5% after hours.
Buy Superbly Managed, Growing Nexstar Media At 5x FCF Ahead Of Major New Business Initiative
Nexstar has an excellent track record of delivering for shareholders, increasing fully taxed FCF from $2/share in 2012 to ~$35/share today. The stock is up ~25x over that period. Despite this growth, Nexstar has been assigned a low "melting ice cube" multiple for more than a decade due to concerns over the cable ecosystem. Management has guided to FCF growth through 2027 in its legacy broadcast business. If that's true, the stock is substantially underpriced based on the legacy business alone. Nexstar is using its legacy spectrum to build a data "toll road", leasing connectivity to third parties. Revenue begins in 2024, ramping to half the current business by 2030. Management has a stellar track record and a superb reputation. If they deliver on what they have guided to, the stock is wildly underpriced.
Shareholder Returns
NXST | US Media | US Market | |
---|---|---|---|
7D | 2.8% | 1.8% | 1.6% |
1Y | 11.1% | -33.9% | -20.8% |
Return vs Industry: NXST exceeded the US Media industry which returned -33.6% over the past year.
Return vs Market: NXST exceeded the US Market which returned -20.4% over the past year.
Price Volatility
NXST volatility | |
---|---|
NXST Average Weekly Movement | 5.2% |
Media Industry Average Movement | 8.5% |
Market Average Movement | 8.1% |
10% most volatile stocks in US Market | 16.8% |
10% least volatile stocks in US Market | 3.2% |
Stable Share Price: NXST is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: NXST's weekly volatility (5%) has been stable over the past year.
About the Company
Founded | Employees | CEO | Website |
---|---|---|---|
1996 | 11,817 | Perry Sook | https://www.nexstar.tv |
Nexstar Media Group, Inc., a television broadcasting and digital media company, focuses on the acquisition, development, and operation of television stations and interactive community websites and digital media services in the United States. The company offers free programming to television viewing audiences. As of December 31, 2020, it provided sales, programming, and other services through various local service agreements to 37 power television stations owned by independent third parties; and owned, operated, programmed, or provided sales and other services to 198 television stations.
Nexstar Media Group Fundamentals Summary
NXST fundamental statistics | |
---|---|
Market Cap | US$6.64b |
Earnings (TTM) | US$885.27m |
Revenue (TTM) | US$4.74b |
7.5x
P/E Ratio1.4x
P/S RatioIs NXST overvalued?
See Fair Value and valuation analysisEarnings & Revenue
NXST income statement (TTM) | |
---|---|
Revenue | US$4.74b |
Cost of Revenue | US$1.88b |
Gross Profit | US$2.87b |
Other Expenses | US$1.98b |
Earnings | US$885.27m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
Earnings per share (EPS) | 21.91 |
Gross Margin | 60.47% |
Net Profit Margin | 18.66% |
Debt/Equity Ratio | 248.5% |
How did NXST perform over the long term?
See historical performance and comparisonDividends
2.2%
Current Dividend Yield14%
Payout RatioValuation
Is NXST undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
5/6Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for NXST?
Other financial metrics that can be useful for relative valuation.
What is NXST's n/a Ratio? | |
---|---|
n/a Ratio | 0x |
n/a | n/a |
Market Cap | US$6.64b |
Key Statistics | |
---|---|
Enterprise Value/Revenue | 2.9x |
Enterprise Value/EBITDA | 7.8x |
PEG Ratio | 1.2x |
Price to Earnings Ratio vs Peers
How does NXST's PE Ratio compare to its peers?
NXST PE Ratio vs Peers |
---|
Company | PE | Estimated Growth | Market Cap |
---|---|---|---|
Peer Average | 13.1x | ||
TGNA TEGNA | 9.4x | 8.0% | US$4.7b |
FOXA Fox | 15.8x | 11.0% | US$17.6b |
SBGI Sinclair Broadcast Group | 0.6x | -96.2% | US$1.4b |
GTN Gray Television | 26.6x | 4.5% | US$1.6b |
NXST Nexstar Media Group | 7.5x | 6.0% | US$6.6b |
Price-To-Earnings vs Peers: NXST is good value based on its Price-To-Earnings Ratio (7.5x) compared to the peer average (13.1x).
Price to Earnings Ratio vs Industry
How does NXST's PE Ratio compare vs other companies in the US Media Industry?
Price-To-Earnings vs Industry: NXST is good value based on its Price-To-Earnings Ratio (7.5x) compared to the US Media industry average (13x)
Price to Earnings Ratio vs Fair Ratio
What is NXST's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
Fair Ratio | |
---|---|
Current PE Ratio | 7.5x |
Fair PE Ratio | 18.8x |
Price-To-Earnings vs Fair Ratio: NXST is good value based on its Price-To-Earnings Ratio (7.5x) compared to the estimated Fair Price-To-Earnings Ratio (18.8x).
Share Price vs Fair Value
What is the Fair Price of NXST when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: NXST ($164.34) is trading below our estimate of fair value ($817.99)
Significantly Below Fair Value: NXST is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: NXST is poor value based on its PEG Ratio (1.2x)
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Future Growth
How is Nexstar Media Group forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Future Growth Score
2/6Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
6.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NXST's forecast earnings growth (6% per year) is above the savings rate (1.9%).
Earnings vs Market: NXST's earnings (6% per year) are forecast to grow slower than the US market (13.7% per year).
High Growth Earnings: NXST's earnings are forecast to grow, but not significantly.
Revenue vs Market: NXST's revenue (4% per year) is forecast to grow slower than the US market (8.3% per year).
High Growth Revenue: NXST's revenue (4% 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 high in 3 years time (24.6%)
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Past Performance
How has Nexstar Media Group performed over the past 5 years?
Past Performance Score
2/6Past Performance Score 2/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
28.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NXST has high quality earnings.
Growing Profit Margin: NXST's current net profit margins (18.7%) are lower than last year (18.9%).
Past Earnings Growth Analysis
Earnings Trend: NXST's earnings have grown significantly by 28% per year over the past 5 years.
Accelerating Growth: NXST's earnings growth over the past year (3.5%) is below its 5-year average (28% per year).
Earnings vs Industry: NXST earnings growth over the past year (3.5%) underperformed the Media industry 18.8%.
Return on Equity
High ROE: Whilst NXST's Return on Equity (30.21%) is high, this metric is skewed due to their high level of debt.
Discover strong past performing companies
Financial Health
How is Nexstar Media Group's financial position?
Financial Health Score
3/6Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: NXST's short term assets ($1.5B) exceed its short term liabilities ($733.5M).
Long Term Liabilities: NXST's short term assets ($1.5B) do not cover its long term liabilities ($9.4B).
Debt to Equity History and Analysis
Debt Level: NXST's net debt to equity ratio (237.3%) is considered high.
Reducing Debt: NXST's debt to equity ratio has reduced from 368.7% to 248.5% over the past 5 years.
Debt Coverage: NXST's debt is not well covered by operating cash flow (17.7%).
Interest Coverage: NXST's interest payments on its debt are well covered by EBIT (4.7x coverage).
Balance Sheet
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Dividend
What is Nexstar Media Group current dividend yield, its reliability and sustainability?
Dividend Score
3/6Dividend Score 3/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
2.19%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NXST's dividend (2.19%) is higher than the bottom 25% of dividend payers in the US market (1.59%).
High Dividend: NXST's dividend (2.19%) is low compared to the top 25% of dividend payers in the US market (4.25%).
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 9 years.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (14.1%), NXST's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (12.8%), NXST's dividend payments are thoroughly covered by cash flows.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
4.8yrs
Average management tenure
CEO
Perry Sook (63 yo)
26.42yrs
Tenure
US$21,145,853
Compensation
Mr. Perry A. Sook founded Nexstar Media Group, Inc. (“Nexstar”) in 1996 and has been its Chairman, Chief Executive Officer and Director since its inception in 1996 and served as its President since 1996 un...
CEO Compensation Analysis
Compensation vs Market: Perry's total compensation ($USD21.15M) is above average for companies of similar size in the US market ($USD8.21M).
Compensation vs Earnings: Perry's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: NXST's management team is considered experienced (4.8 years average tenure).
Board Members
Experienced Board: NXST's board of directors are seasoned and experienced ( 12.2 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 employee growth, exchange listings and data sources
Key Information
- Name: Nexstar Media Group, Inc.
- Ticker: NXST
- Exchange: NasdaqGS
- Founded: 1996
- Industry: Broadcasting
- Sector: Media
- Implied Market Cap: US$6.640b
- Shares outstanding: 40.40m
- 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
Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2022/06/29 00:00 |
End of Day Share Price | 2022/06/29 00:00 |
Earnings | 2022/03/31 |
Annual Earnings | 2021/12/31 |
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.