Nexstar Media Group, Inc.

NasdaqGS:NXST Stock Report

Market Cap: US$5.3b

Nexstar Media Group Valuation

Is NXST undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

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 ($159.78) is trading below our estimate of fair value ($513.09)

Significantly Below Fair Value: NXST is trading below fair value by more than 20%.


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.

NXST key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.5x
Enterprise Value/EBITDA9.6x
PEG Ratio1.2x

Price to Earnings Ratio vs Peers

How does NXST's PE Ratio compare to its peers?

The above table shows the PE ratio for NXST vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average9.7x
TGNA TEGNA
5x-1.6%US$2.4b
17.1x10.7%US$13.7b
AMCX AMC Networks
2.1x-5.6%US$460.9m
SGA Saga Communications
14.6x6.5%US$136.6m
NXST Nexstar Media Group
15.4x13.2%US$5.3b

Price-To-Earnings vs Peers: NXST is expensive based on its Price-To-Earnings Ratio (15.4x) compared to the peer average (9.7x).


Price to Earnings Ratio vs Industry

How does NXST's PE Ratio compare vs other companies in the US Media Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a12.0%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a12.0%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: NXST is expensive based on its Price-To-Earnings Ratio (15.4x) compared to the US Media industry average (13.7x).


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.

NXST PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.4x
Fair PE Ratio20.9x

Price-To-Earnings vs Fair Ratio: NXST is good value based on its Price-To-Earnings Ratio (15.4x) compared to the estimated Fair Price-To-Earnings Ratio (20.9x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst NXST forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$159.78
US$199.32
+24.7%
7.2%US$225.00US$170.00n/a11
Apr ’25US$170.13
US$200.21
+17.7%
7.0%US$225.00US$170.00n/a12
Mar ’25US$163.69
US$198.21
+21.1%
9.2%US$225.00US$158.00n/a12
Feb ’25US$178.50
US$199.42
+11.7%
9.4%US$225.00US$158.00n/a13
Jan ’25US$156.75
US$198.58
+26.7%
9.7%US$225.00US$158.00n/a12
Dec ’24US$149.12
US$202.27
+35.6%
7.7%US$225.00US$167.00n/a11
Nov ’24US$140.44
US$211.82
+50.8%
8.2%US$235.00US$175.00n/a11
Oct ’24US$143.37
US$211.82
+47.7%
8.2%US$235.00US$175.00n/a11
Sep ’24US$141.50
US$211.80
+49.7%
8.5%US$235.00US$175.00n/a10
Aug ’24US$182.19
US$217.60
+19.4%
8.2%US$235.00US$175.00n/a10
Jul ’24US$166.55
US$217.60
+30.7%
8.2%US$235.00US$175.00n/a10
Jun ’24US$152.27
US$219.10
+43.9%
8.4%US$239.00US$175.00n/a10
May ’24US$173.57
US$219.00
+26.2%
8.7%US$239.00US$175.00n/a10
Apr ’24US$172.66
US$220.00
+27.4%
8.5%US$239.00US$175.00US$170.1310
Mar ’24US$186.22
US$219.30
+17.8%
8.3%US$237.00US$175.00US$163.6910
Feb ’24US$210.87
US$215.30
+2.1%
8.6%US$237.00US$175.00US$178.5010
Jan ’24US$175.03
US$216.00
+23.4%
8.7%US$237.00US$175.00US$156.7510
Dec ’23US$184.20
US$215.00
+16.7%
9.1%US$237.00US$175.00US$149.1210
Nov ’23US$176.36
US$227.70
+29.1%
5.7%US$246.00US$195.00US$140.4410
Oct ’23US$166.85
US$228.00
+36.6%
6.1%US$246.00US$195.00US$143.379
Sep ’23US$190.86
US$220.78
+15.7%
8.5%US$240.00US$181.00US$141.509
Aug ’23US$188.55
US$209.30
+11.0%
9.0%US$234.00US$175.00US$182.1910
Jul ’23US$168.53
US$206.40
+22.5%
8.2%US$230.00US$175.00US$166.5510
Jun ’23US$175.41
US$206.40
+17.7%
8.2%US$230.00US$175.00US$152.2710
May ’23US$158.42
US$202.90
+28.1%
7.4%US$225.00US$175.00US$173.5710
Apr ’23US$187.02
US$204.33
+9.3%
8.0%US$225.00US$165.00US$172.669

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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