| Company name | Gray Television, Inc. |
| Stock ticker | GTN |
| Live stock price | [stckqut]GTN[/stckqut] |
| P/E compared to competitors | Fair |
MANAGEMENT EXECUTION
| Employee productivity | Poor |
| Sales growth | Good |
| EPS growth | Good |
| P/E growth | Good |
| EBITDA growth | Good |
| Price growth | Good |
| R&D growth | Poor |
| Income growth | Good |
| Assets growth | Poor |
| Return on Assets growth | Poor |
| Income / Rev growth | Poor |
| TWCA Plus | Good |
| Standard TWCA | Good |
| Weighted ann. stock price increase | Poor |
ANALYSIS
| Confident Investor Rating | Fair |
| Target stock price (TWCA growth scenario) | $22.18 |
| Target stock price (averages with growth) | $52.11 |
| Target stock price (averages with no growth) | $37.83 |
| Target stock price (manual assumptions) | $33.08 |
The following company description is from Reuters: https://finance.yahoo.com/quote/gtn/profile?p=gtn
Gray Television, Inc., a television broadcast company, owns and operates television stations and digital assets in the United States. As of February 28, 2019, it owned and operated television stations in 91 television markets broadcasting approximately 400 program streams, including approximately 150 channels affiliated with the CBS Network, the NBC Network, the ABC Network, and the FOX Network. The company also broadcasts secondary digital channels affiliated to ABC, CBS, and FOX, as well as channels affiliated with various other networks and program services, including CW Plus Network, MY Network, the MeTV Network, This TV Network, Antenna TV, Telemundo, Cozi, Heroes and Icons, and MOVIES! Network; and local news/weather channels in various markets. In addition, it is also involved in the video program production, marketing, and digital businesses including Raycom Sports, Tupelo-Raycom, and RTM Studios; and production of PowerNation programs and content. The company was formerly known as Gray Communications Systems, Inc. and changed its name to Gray Television, Inc. in August 2002. Gray Television, Inc. was founded in 1897 and is headquartered in Atlanta, Georgia.
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 and the indicators that I describe in my book The Confident Investor are favorable. 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: $14.33
- Growth: 0.2
- Current EPS (TTM): $2.91121458499838
- P/E: 7.35518233482463
- Future EPS Calc: $7.24
- Future Stock Price Calc: $53.28
- Target stock price: $33.08
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I hope that this makes you a Confident Investor.