NYSE:TGNA

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Undervalued second-rate dividend payer.


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 less volatile than 75% 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

1.7%

TGNA

4.2%

US Media

2.8%

US Market


1 Year Return

-5.2%

TGNA

13.7%

US Media

19.7%

US Market

Return vs Industry: TGNA underperformed the US Media industry which returned 13.7% over the past year.

Return vs Market: TGNA underperformed the US Market which returned 19.7% over the past year.


Shareholder returns

TGNAIndustryMarket
7 Day1.7%4.2%2.8%
30 Day15.1%17.6%8.0%
90 Day14.9%12.6%6.8%
1 Year-3.2%-5.2%15.3%13.7%22.4%19.7%
3 Year17.6%10.4%38.3%32.4%47.3%37.5%
5 Year-8.6%-47.2%66.4%54.4%93.6%72.3%

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?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TGNA ($14.69) is trading below our estimate of fair value ($39.52)

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 (10x) compared to the US Media industry average (22.9x).

PE vs Market: TGNA is good value based on its PE Ratio (10x) compared to the US market (19.7x).


Price to Earnings Growth Ratio

PEG Ratio: TGNA is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: TGNA is overvalued based on its PB Ratio (1.8x) compared to the US Media industry average (1.7x).


Next Steps

Future Growth

How is TEGNA forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

15.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TGNA's forecast earnings growth (15.2% per year) is above the savings rate (2.2%).

Earnings vs Market: TGNA's earnings (15.2% per year) are forecast to grow slower than the US market (22% per year).

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

Revenue vs Market: TGNA's revenue (4.3% per year) is forecast to grow slower than the US market (10.2% per year).

High Growth Revenue: TGNA's revenue (4.3% 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


Next Steps

Past Performance

How has TEGNA performed over the past 5 years?

-3.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TGNA has high quality earnings.

Growing Profit Margin: TGNA's current net profit margins (11.9%) are lower than last year (16.1%).


Past Earnings Growth Analysis

Earnings Trend: TGNA's earnings have declined by 3.9% per year over the past 5 years.

Accelerating Growth: TGNA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: TGNA had negative earnings growth (-11.3%) over the past year, making it difficult to compare to the Media industry average (-12.2%).


Return on Equity

High ROE: TGNA's Return on Equity (17.7%) is considered low.


Next Steps

Financial Health

How is TEGNA's financial position?


Financial Position Analysis

Short Term Liabilities: TGNA's short term assets ($763.3M) exceed its short term liabilities ($399.3M).

Long Term Liabilities: TGNA's short term assets ($763.3M) do not cover its long term liabilities ($4.7B).


Debt to Equity History and Analysis

Debt Level: TGNA's debt to equity ratio (214.7%) is considered high.

Reducing Debt: TGNA's debt to equity ratio has increased from 185% to 214.7% over the past 5 years.

Debt Coverage: TGNA's debt is not well covered by operating cash flow (15.4%).

Interest Coverage: TGNA's interest payments on its debt are well covered by EBIT (3x coverage).


Balance Sheet


Next Steps

Dividend

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

1.91%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: TGNA's dividend (1.91%) is higher than the bottom 25% of dividend payers in the US market (1.47%).

High Dividend: TGNA's dividend (1.91%) is low compared to the top 25% of dividend payers in the US market (4.05%).


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 (19%), TGNA's dividend payments are well 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?

3.6yrs

Average management tenure


CEO

Dave Lougee (61 yo)

3.42yrs

Tenure

US$5,786,746

Compensation

Mr. David T. Lougee, also known as Dave, has been the Chief Executive Officer and President of TEGNA Inc. since May 31, 2017. Mr. Lougee has been the President of Gannett Broadcasting, Inc. (Broadcasting D...


CEO Compensation Analysis

Compensation vs Market: Dave's total compensation ($USD5.79M) is about average for companies of similar size in the US market ($USD5.15M).

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


Leadership Team

NamePositionTenureCompensationOwnership
David Lougee
President3.42yrsUS$5.79m0.15%
$ 4.9m
Victoria Harker
Executive VP & CFO8.33yrsUS$2.95m0.12%
$ 3.9m
Akinyale Harrison
Senior VP1.83yrsUS$1.29m0.013%
$ 419.3k
Lynn Trelstad
Executive VP & COO of Media Operations3.42yrsUS$2.93m0.038%
$ 1.2m
Kurt Rao
Senior VP & CTO2.58yrsno datano data
Doug Kuckelman
Head of Investor Relations0.67yrno datano data
Anne Bentley
VP & Chief Communications Officer3.58yrsno datano data
Tom Cox
Vice President of Corporate Development9yrsno datano data
Jeffery Newman
Senior VP & Chief Human Resources Officer3.58yrsno datano data
William Behan
Senior Vice President of Labor Relations10.67yrsno datano data
Howard Griffin
Senior Vice President of National Sales - USA Today Network10yrsno datano data
Peter Diaz
Executive Vice President of Gannett Broadcastingno datano datano data

3.6yrs

Average Tenure

57yo

Average Age

Experienced Management: TGNA's management team is considered experienced (3.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
David Lougee
President3.42yrsUS$5.79m0.15%
$ 4.9m
Bruce Nolop
Independent Director5.58yrsUS$250.00k0.015%
$ 491.2k
Howard Elias
Independent Chairman of the Board2.58yrsUS$355.00k0.015%
$ 476.7k
Susan Ness
Independent Director9.08yrsUS$255.00k0.016%
$ 526.3k
Stuart Epstein
Independent Director2.75yrsUS$225.00k0.0097%
$ 313.4k
Henry McGee
Independent Director5.42yrsUS$235.00kno data
Neal Shapiro
Independent Director13.08yrsUS$255.00k0.0081%
$ 259.9k
Lidia Fonseca
Independent Director6.33yrsUS$225.00k0.013%
$ 422.6k
Melinda Witmer
Independent Director2.92yrsUS$225.00kno data
Gina Bianchini
Independent Director2.75yrsUS$225.00k0.0060%
$ 193.6k
Karen Grimes
Independent Director0.75yrno data0.00051%
$ 16.4k
Scott McCune
Independent Director12.08yrsUS$254.63k0.022%
$ 695.0k

4.4yrs

Average Tenure

62yo

Average Age

Experienced Board: TGNA's board of directors are considered experienced (4.4 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$3.221b
  • Shares outstanding: 219.24m
  • Website: https://www.tegna.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TGNANYSE (New York Stock Exchange)YesCommon StockUSUSDJan 1969
GTTDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1969

Biography

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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 00:42
End of Day Share Price2020/11/25 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.