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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 4/10

vs
industry
vs
history
Cash-to-Debt 0.13
GTN's Cash-to-Debt is ranked lower than
81% of the 355 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 1.27 vs. GTN: 0.13 )
Ranked among companies with meaningful Cash-to-Debt only.
GTN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0  Med: 0.02 Max: 0.18
Current: 0.13
0
0.18
Equity-to-Asset 0.17
GTN's Equity-to-Asset is ranked lower than
87% of the 341 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 0.52 vs. GTN: 0.17 )
Ranked among companies with meaningful Equity-to-Asset only.
GTN' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.07  Med: 0.22 Max: 0.32
Current: 0.17
0.07
0.32
Interest Coverage 2.11
GTN's Interest Coverage is ranked lower than
86% of the 352 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 23.68 vs. GTN: 2.11 )
Ranked among companies with meaningful Interest Coverage only.
GTN' s Interest Coverage Range Over the Past 10 Years
Min: 0.62  Med: 1.53 Max: 2.58
Current: 2.11
0.62
2.58
Piotroski F-Score: 6
Altman Z-Score: 0.81
Beneish M-Score: -2.33
WACC vs ROIC
11.40%
3.15%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating Margin % 26.09
GTN's Operating Margin % is ranked higher than
91% of the 347 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 6.52 vs. GTN: 26.09 )
Ranked among companies with meaningful Operating Margin % only.
GTN' s Operating Margin % Range Over the Past 10 Years
Min: -79.13  Med: 24.38 Max: 37.9
Current: 26.09
-79.13
37.9
Net Margin % 5.57
GTN's Net Margin % is ranked higher than
60% of the 348 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 3.71 vs. GTN: 5.57 )
Ranked among companies with meaningful Net Margin % only.
GTN' s Net Margin % Range Over the Past 10 Years
Min: -61.75  Med: 4.41 Max: 9.46
Current: 5.57
-61.75
9.46
ROE % 9.42
GTN's ROE % is ranked higher than
69% of the 330 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 4.95 vs. GTN: 9.42 )
Ranked among companies with meaningful ROE % only.
GTN' s ROE % Range Over the Past 10 Years
Min: -91.71  Med: 4.97 Max: 24.63
Current: 9.42
-91.71
24.63
ROA % 1.71
GTN's ROA % is ranked lower than
52% of the 356 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 1.84 vs. GTN: 1.71 )
Ranked among companies with meaningful ROA % only.
GTN' s ROA % Range Over the Past 10 Years
Min: -13.91  Med: 1.08 Max: 3
Current: 1.71
-13.91
3
ROC (Joel Greenblatt) % 40.49
GTN's ROC (Joel Greenblatt) % is ranked higher than
66% of the 350 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 16.74 vs. GTN: 40.49 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
GTN' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -149.01  Med: 45.66 Max: 67.81
Current: 40.49
-149.01
67.81
3-Year Revenue Growth Rate 7.00
GTN's 3-Year Revenue Growth Rate is ranked higher than
71% of the 333 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 0.80 vs. GTN: 7.00 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
GTN' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -24.2  Med: -0.3 Max: 17.4
Current: 7
-24.2
17.4
3-Year EBITDA Growth Rate 6.20
GTN's 3-Year EBITDA Growth Rate is ranked higher than
55% of the 277 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 4.80 vs. GTN: 6.20 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
GTN' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -28.6  Med: -4.5 Max: 19.4
Current: 6.2
-28.6
19.4
3-Year EPS without NRI Growth Rate 10.70
GTN's 3-Year EPS without NRI Growth Rate is ranked higher than
58% of the 248 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 6.90 vs. GTN: 10.70 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
GTN' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: 10.7  Med: 27.3 Max: 500
Current: 10.7
10.7
500
GuruFocus has detected 7 Warning Signs with Gray Television Inc $GTN.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» GTN's 10-Y Financials

Financials (Next Earnings Date: 2017-03-01)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q1 2016

GTN Guru Trades in Q1 2016

Steven Cohen 198,600 sh (New)
Jim Simons 222,850 sh (New)
Ken Heebner Sold Out
Mario Gabelli 505,100 sh (-3.70%)
Paul Tudor Jones 33,500 sh (-11.41%)
» More
Q2 2016

GTN Guru Trades in Q2 2016

Jim Simons Sold Out
Paul Tudor Jones Sold Out
Mario Gabelli 496,600 sh (-1.68%)
Steven Cohen 132,700 sh (-33.18%)
» More
Q3 2016

GTN Guru Trades in Q3 2016

Jim Simons 78,150 sh (New)
Mario Gabelli 496,600 sh (unchged)
Steven Cohen Sold Out
» More
Q4 2016

GTN Guru Trades in Q4 2016

Joel Greenblatt 83,114 sh (New)
Paul Tudor Jones 74,534 sh (New)
Steven Cohen 221,200 sh (New)
Mario Gabelli 496,600 sh (unchged)
Jim Simons Sold Out
» More
» Details

Insider Trades

Latest Guru Trades with GTN

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Business Description

Industry: Entertainment » Broadcasting - TV    NAICS: 515120    SIC: 4833
Compare:NAS:DHXM, NYSE:EVC, NAS:CETV, NYSE:SSP, AMEX:NTN, NAS:RLJE, NYSE:MEG, NYSE:TRCO, NAS:SBGI, NAS:NXST, OTCPK:GETVF, NYSE:TGNA, OTCPK:PBSFY, OTCPK:ITVPF, NAS:SNI, OTCPK:SGBAF, OTCPK:RGLXY, OTCPK:GRPFF, OTCPK:VIVHY » details
Traded in other countries:GCZB.Germany,
Gray Television Inc is a broadcast company that owns and operates television stations in 44 television markets broadcasting 139 program streams including 76 affiliates of the Big Four networks. It also owns and operates digital assets in markets.

Gray Television Inc is a Georgia corporation, incorporated in 1897, initially to publish the Albany Herald in Albany, Georgia. It is a television broadcast company that owns and operates television stations and digital properties in markets throughout the United States. It owns and operates television stations in 44 television markets broadcasting a total of 140 programming streams, including 26 affiliates of the CBS Network, 24 affiliates of the NBC Network, 16 affiliates of the ABC Network and ten affiliates of the FOX Network. It also broadcasts ten local news/weather channels in certain of its existing markets. The Company operates in DMAs ranked between 61 and 209 and seeks to focus its operations on university towns and state capitals. Its markets include 24 university towns, representing enrollment of approximately 547,000 students, and 12 state capitals. Television stations compete for audiences, certain programming (including news) and advertisers. Cable network programming is a competitor of broadcast television programming. Stations compete for audience based on broadcast program popularity, which has a direct effect on advertising rates. Other sources of competition for audiences, programming and advertisers include internet websites, mobile applications and wireless carriers, direct-to-consumer video distribution systems, and home entertainment systems. Its stations compete with other television stations for advertising revenues in their respective markets. Its stations also compete for advertising revenue with other media, such as newspapers, radio stations, magazines, outdoor advertising, transit advertising, yellow page directories, direct mail, internet websites, and local cable and other MVPD systems. The Company's broadcast operations are subject to the jurisdiction of the FCC.

Ratios

vs
industry
vs
history
PE Ratio 23.02
GTN's PE Ratio is ranked lower than
54% of the 228 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 19.84 vs. GTN: 23.02 )
Ranked among companies with meaningful PE Ratio only.
GTN' s PE Ratio Range Over the Past 10 Years
Min: 2.95  Med: 16.07 Max: 99999999.99
Current: 23.02
2.95
99999999.99
Forward PE Ratio 17.51
GTN's Forward PE Ratio is ranked higher than
57% of the 84 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 18.55 vs. GTN: 17.51 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 23.02
GTN's PE Ratio without NRI is ranked lower than
53% of the 231 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 19.76 vs. GTN: 23.02 )
Ranked among companies with meaningful PE Ratio without NRI only.
GTN' s PE Ratio without NRI Range Over the Past 10 Years
Min: 2.95  Med: 16.07 Max: 99999999.99
Current: 23.02
2.95
99999999.99
Price-to-Owner-Earnings 11.44
GTN's Price-to-Owner-Earnings is ranked higher than
72% of the 155 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 16.01 vs. GTN: 11.44 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
GTN' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 1.14  Med: 7.01 Max: 100.47
Current: 11.44
1.14
100.47
PB Ratio 2.06
GTN's PB Ratio is ranked lower than
55% of the 326 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 1.82 vs. GTN: 2.06 )
Ranked among companies with meaningful PB Ratio only.
GTN' s PB Ratio Range Over the Past 10 Years
Min: 0.13  Med: 1.19 Max: 4.19
Current: 2.06
0.13
4.19
PS Ratio 1.26
GTN's PS Ratio is ranked higher than
67% of the 342 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 1.74 vs. GTN: 1.26 )
Ranked among companies with meaningful PS Ratio only.
GTN' s PS Ratio Range Over the Past 10 Years
Min: 0.08  Med: 0.96 Max: 2.1
Current: 1.26
0.08
2.1
Price-to-Free-Cash-Flow 11.37
GTN's Price-to-Free-Cash-Flow is ranked higher than
71% of the 147 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 16.33 vs. GTN: 11.37 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
GTN' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 0.47  Med: 7.75 Max: 122.3
Current: 11.37
0.47
122.3
Price-to-Operating-Cash-Flow 7.51
GTN's Price-to-Operating-Cash-Flow is ranked higher than
67% of the 193 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 10.26 vs. GTN: 7.51 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
GTN' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 0.37  Med: 4.71 Max: 15.24
Current: 7.51
0.37
15.24
EV-to-EBIT 15.38
GTN's EV-to-EBIT is ranked higher than
54% of the 243 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 16.08 vs. GTN: 15.38 )
Ranked among companies with meaningful EV-to-EBIT only.
GTN' s EV-to-EBIT Range Over the Past 10 Years
Min: -3.5  Med: 13.9 Max: 42.5
Current: 15.38
-3.5
42.5
EV-to-EBITDA 10.41
GTN's EV-to-EBITDA is ranked lower than
51% of the 271 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 9.75 vs. GTN: 10.41 )
Ranked among companies with meaningful EV-to-EBITDA only.
GTN' s EV-to-EBITDA Range Over the Past 10 Years
Min: -4.3  Med: 9.35 Max: 15.5
Current: 10.41
-4.3
15.5
PEG Ratio 4.63
GTN's PEG Ratio is ranked lower than
72% of the 119 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 2.12 vs. GTN: 4.63 )
Ranked among companies with meaningful PEG Ratio only.
GTN' s PEG Ratio Range Over the Past 10 Years
Min: 1.31  Med: 2.75 Max: 5.76
Current: 4.63
1.31
5.76
Current Ratio 4.79
GTN's Current Ratio is ranked higher than
91% of the 309 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 1.53 vs. GTN: 4.79 )
Ranked among companies with meaningful Current Ratio only.
GTN' s Current Ratio Range Over the Past 10 Years
Min: 0.83  Med: 1.5 Max: 6.51
Current: 4.79
0.83
6.51
Quick Ratio 4.79
GTN's Quick Ratio is ranked higher than
92% of the 309 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 1.38 vs. GTN: 4.79 )
Ranked among companies with meaningful Quick Ratio only.
GTN' s Quick Ratio Range Over the Past 10 Years
Min: 0.83  Med: 1.48 Max: 6.51
Current: 4.79
0.83
6.51
Days Sales Outstanding 73.49
GTN's Days Sales Outstanding is ranked lower than
55% of the 273 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 67.59 vs. GTN: 73.49 )
Ranked among companies with meaningful Days Sales Outstanding only.
GTN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 56.33  Med: 73.81 Max: 77.19
Current: 73.49
56.33
77.19
Days Payable 4.45
GTN's Days Payable is ranked lower than
91% of the 228 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 53.32 vs. GTN: 4.45 )
Ranked among companies with meaningful Days Payable only.
GTN' s Days Payable Range Over the Past 10 Years
Min: 3.79  Med: 8.16 Max: 21.06
Current: 4.45
3.79
21.06

Buy Back

vs
industry
vs
history
5-Year Yield-on-Cost % 1.20
GTN's 5-Year Yield-on-Cost % is ranked lower than
75% of the 456 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 2.56 vs. GTN: 1.20 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
GTN' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0  Med: 0 Max: 0
Current: 1.2
3-Year Average Share Buyback Ratio -7.90
GTN's 3-Year Average Share Buyback Ratio is ranked lower than
62% of the 250 Companies
in the Global Broadcasting - TV industry.

( Industry Median: -2.60 vs. GTN: -7.90 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
GTN' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -48.3  Med: -5.9 Max: 3.6
Current: -7.9
-48.3
3.6

Valuation & Return

vs
industry
vs
history
Price-to-Intrinsic-Value-Projected-FCF 0.77
GTN's Price-to-Intrinsic-Value-Projected-FCF is ranked higher than
78% of the 179 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 1.52 vs. GTN: 0.77 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
GTN' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.06  Med: 0.7 Max: 24.69
Current: 0.77
0.06
24.69
Price-to-Median-PS-Value 1.32
GTN's Price-to-Median-PS-Value is ranked lower than
60% of the 294 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 1.13 vs. GTN: 1.32 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
GTN' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.09  Med: 1.33 Max: 2.95
Current: 1.32
0.09
2.95
Price-to-Peter-Lynch-Fair-Value 2.17
GTN's Price-to-Peter-Lynch-Fair-Value is ranked lower than
70% of the 69 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 1.35 vs. GTN: 2.17 )
Ranked among companies with meaningful Price-to-Peter-Lynch-Fair-Value only.
GTN' s Price-to-Peter-Lynch-Fair-Value Range Over the Past 10 Years
Min: 0.21  Med: 1.7 Max: 4.17
Current: 2.17
0.21
4.17
Earnings Yield (Greenblatt) % 6.50
GTN's Earnings Yield (Greenblatt) % is ranked higher than
67% of the 342 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 3.80 vs. GTN: 6.50 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
GTN' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 2.4  Med: 7.1 Max: 13.9
Current: 6.5
2.4
13.9
Forward Rate of Return (Yacktman) % 19.60
GTN's Forward Rate of Return (Yacktman) % is ranked higher than
74% of the 200 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 9.41 vs. GTN: 19.60 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
GTN' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -4.6  Med: 14.6 Max: 128.1
Current: 19.6
-4.6
128.1

More Statistics

Revenue (TTM) (Mil) $744.3
EPS (TTM) $ 0.57
Beta2.32
Short Percentage of Float6.77%
52-Week Range $7.00 - 14.77
Shares Outstanding (Mil)72.69

Analyst Estimate

Dec16 Dec17 Dec18
Revenue (Mil $) 808 790 923
EPS ($) 0.97 0.73 1.38
EPS without NRI ($) 0.97 0.73 1.38
EPS Growth Rate
(Future 3Y To 5Y Estimate)
22.10%
Dividends per Share ($)
» More Articles for GTN

Headlines

Articles On GuruFocus.com
Best Performing Entertainment Stocks in 2015 Jul 08 2015 
Gray Television Eyeing WAGM-TV Acquisition Apr 29 2015 
Reflections from 20 Years of Investing (2001-2008) Part 3 Jul 17 2013 
Media General: Newspaper Sale Could be a Game Changer Feb 26 2012 
Tenets of Value Investing: The Dangers of Leverage Apr 08 2011 
Gray Television Inc. Reports Operating Results (10-Q) Nov 08 2010 
Gray Television Inc. Reports Operating Results (10-Q) Aug 12 2010 
Gray Television Inc. Reports Operating Results (10-Q) May 10 2010 
Gray Television Inc. Reports Operating Results (10-Q) Nov 09 2009 
Gray Television Inc. Reports Operating Results (10-Q) Aug 07 2009 

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