Gray Television, Inc. ($GTN) Cautious Buy or Hold to $13 Confident Investor Rating: Fair

Company name Gray Television, Inc.
Stock ticker GTN
Live stock price [stckqut]GTN[/stckqut]
P/E compared to competitors Good


Employee productivity Poor
Sales growth Fair
EPS growth Good
P/E growth Good
EBIT growth Poor


Confident Investor Rating Fair
Target stock price (TWCA growth scenario) $15.52
Target stock price (averages with growth) $13.17
Target stock price (averages with no growth) $6.37
Target stock price (manual assumptions) $21.6

The following company description is from Google Finance:

Gray Television, Inc. is a television broadcast company. The Company owns and operates television stations and digital assets in markets across the United States. The Company owns and/or operates television stations in approximately 50 television markets broadcasting over 180 separate programming streams, including approximately 40 affiliates of the CBS Network (CBS), over 30 affiliates of the NBC Network (NBC), approximately 20 affiliates of the ABC Network (ABC) and over 10 affiliates of the FOX Network (FOX). Along with primary broadcast channels, the Company can also broadcast secondary digital channels within a market. Its secondary digital channels are generally affiliated with networks different from those affiliated with its primary broadcast channels. It also broadcasts local news/weather channels in certain of its existing markets. Its television stations include WVLT and WBXX in Knoxville, Tennessee; WOWT in Omaha, Nebraska, and WDBJ in Roanoke-Lynchburg, Virginia.


Confident Investor comments: At this time, I think that a Confident Investor can cautiously invest in Gray Television, Inc. as long as the price is correct. Most of the fundamentals of this company are good but there are some concerns.

If you would like to understand how to evaluate companies like I do on this site, please read my book, The Confident Investor. You can review the best companies that I have found (and I probably invest my own money in most of these companies) in my Watch List.

How was this analysis of Gray Television, Inc. calculated?

For owners of my book, “The Confident Investor” I offer the following analysis (you must be logged in to this site as a book owner in order to see the following analysis). If you have registered and cannot see the balance of this article, make sure you are logged in and refresh your browser.
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In order to assist you in using the techniques of this book, the values that I used when calculating the Manual pricing above were:

  • Stock price at the time of the calculation: $10.04
  • Growth: 0.13
  • Current EPS (TTM): $0.59
  • P/E: 32
  • Future EPS Calc: $1.08
  • Future Stock Price Calc: $34.78
  • Target stock price: $21.59

I hope that this makes you a Confident Investor.

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