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Market Cap

US$4.3b

Last Updated

2021/05/17 00:51 UTC

Data Sources

Company Financials +

Executive Summary

TEGNA Inc. operates as a media company in the United States. More Details


Snowflake Analysis

Undervalued with solid track record.


Similar Companies

Share Price & News

How has TEGNA's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TGNA is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: TGNA's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-2.1%

TGNA

0.1%

US Media

-1.7%

US Market


1 Year Return

92.9%

TGNA

59.5%

US Media

50.8%

US Market

Return vs Industry: TGNA exceeded the US Media industry which returned 59.5% over the past year.

Return vs Market: TGNA exceeded the US Market which returned 50.8% over the past year.


Shareholder returns

TGNAIndustryMarket
7 Day-2.1%0.1%-1.7%
30 Day-8.7%6.0%-1.2%
90 Day10.5%6.2%0.4%
1 Year96.8%92.9%61.4%59.5%53.3%50.8%
3 Year88.2%77.0%76.3%68.7%61.5%51.4%
5 Year50.4%-13.4%89.1%75.8%125.9%100.7%

Long-Term Price Volatility Vs. Market

How volatile is TEGNA's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is TEGNA undervalued compared to its fair value and its price relative to the market?

46.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TGNA ($19.54) is trading below our estimate of fair value ($36.76)

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


Price To Earnings Ratio

PE vs Industry: TGNA is good value based on its PE Ratio (8.5x) compared to the US Media industry average (21x).

PE vs Market: TGNA is good value based on its PE Ratio (8.5x) compared to the US market (19.8x).


Price to Earnings Growth Ratio

PEG Ratio: TGNA is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: TGNA's PB Ratio (2x) is in line with the US Media industry average.


Future Growth

How is TEGNA forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

9.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TGNA's forecast earnings growth (9.1% per year) is above the savings rate (2%).

Earnings vs Market: TGNA's earnings (9.1% per year) are forecast to grow slower than the US market (14.7% per year).

High Growth Earnings: TGNA's earnings are forecast to grow, but not significantly.

Revenue vs Market: TGNA's revenue (6.3% per year) is forecast to grow slower than the US market (9% per year).

High Growth Revenue: TGNA's revenue (6.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if TGNA's Return on Equity is forecast to be high in 3 years time


Past Performance

How has TEGNA performed over the past 5 years?

2.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TGNA has high quality earnings.

Growing Profit Margin: TGNA's current net profit margins (17%) are higher than last year (12.1%).


Past Earnings Growth Analysis

Earnings Trend: TGNA's earnings have grown by 2.6% per year over the past 5 years.

Accelerating Growth: TGNA's earnings growth over the past year (70.2%) exceeds its 5-year average (2.6% per year).

Earnings vs Industry: TGNA earnings growth over the past year (70.2%) exceeded the Media industry 39.4%.


Return on Equity

High ROE: Whilst TGNA's Return on Equity (23.64%) is high, this metric is skewed due to their high level of debt.


Financial Health

How is TEGNA's financial position?


Financial Position Analysis

Short Term Liabilities: TGNA's short term assets ($693.0M) exceed its short term liabilities ($389.2M).

Long Term Liabilities: TGNA's short term assets ($693.0M) do not cover its long term liabilities ($4.3B).


Debt to Equity History and Analysis

Debt Level: TGNA's debt to equity ratio (162.7%) is considered high.

Reducing Debt: TGNA's debt to equity ratio has reduced from 170.8% to 162.7% over the past 5 years.

Debt Coverage: TGNA's debt is not well covered by operating cash flow (19.6%).

Interest Coverage: TGNA's interest payments on its debt are well covered by EBIT (4.6x coverage).


Balance Sheet


Dividend

What is TEGNA current dividend yield, its reliability and sustainability?

1.94%

Current Dividend Yield


Upcoming Dividend Payment

TodayMay 17 2021Ex Dividend DateJun 03 2021Dividend Pay DateJul 01 202128 days from Ex DividendBuy in the next 17 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: TGNA's dividend (1.94%) is higher than the bottom 25% of dividend payers in the US market (1.24%).

High Dividend: TGNA's dividend (1.94%) is low compared to the top 25% of dividend payers in the US market (3.42%).


Stability and Growth of Payments

Stable Dividend: TGNA's dividend payments have been volatile in the past 10 years.

Growing Dividend: TGNA's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (12.1%), TGNA's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.1yrs

Average management tenure


CEO

Dave Lougee (61 yo)

3.92yrs

Tenure

US$6,713,386

Compensation

Mr. David T. Lougee, also known as Dave, has been the Chief Executive Officer, Director and President of TEGNA Inc. since June 1, 2017. Mr. Lougee has been the President of Gannett Broadcasting, Inc. (Broa...


CEO Compensation Analysis

Compensation vs Market: Dave's total compensation ($USD6.71M) is about average for companies of similar size in the US market ($USD5.32M).

Compensation vs Earnings: Dave's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: TGNA's management team is considered experienced (4.1 years average tenure).


Board Members

Experienced Board: TGNA's board of directors are considered experienced (4.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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

TEGNA Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: TEGNA Inc.
  • Ticker: TGNA
  • Exchange: NYSE
  • Founded: 1906
  • Industry: Broadcasting
  • Sector: Media
  • Market Cap: US$4.314b
  • Shares outstanding: 220.77m
  • Website: https://www.tegna.com

Number of Employees


Location

  • TEGNA Inc.
  • 8350 Broad Street
  • Suite 2000
  • Tysons
  • Virginia
  • 22102
  • United States

Listings


Biography

TEGNA Inc. operates as a media company in the United States. The company operates television stations that deliver television programming and digital content. It offers content and information to consumers...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/17 00:51
End of Day Share Price2021/05/14 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.