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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 : 5/10

vs
industry
vs
history
Cash-to-Debt 0.24
GTN's Cash-to-Debt is ranked lower than
73% of the 436 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 1.39 vs. GTN: 0.24 )
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: No Debt
Current: 0.24
0
No Debt
Equity-to-Asset 0.31
GTN's Equity-to-Asset is ranked lower than
78% of the 415 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 0.53 vs. GTN: 0.31 )
Ranked among companies with meaningful Equity-to-Asset only.
GTN' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.07  Med: 0.21 Max: 0.9
Current: 0.31
0.07
0.9
Debt-to-Equity 1.85
GTN's Debt-to-Equity is ranked lower than
88% of the 279 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 0.47 vs. GTN: 1.85 )
Ranked among companies with meaningful Debt-to-Equity only.
GTN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01  Med: 2.75 Max: 10.58
Current: 1.85
0.01
10.58
Debt-to-EBITDA 4.63
GTN's Debt-to-EBITDA is ranked lower than
76% of the 281 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 2.06 vs. GTN: 4.63 )
Ranked among companies with meaningful Debt-to-EBITDA only.
GTN' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -3.86  Med: 6.08 Max: 9.53
Current: 4.63
-3.86
9.53
Interest Coverage 2.31
GTN's Interest Coverage is ranked lower than
78% of the 328 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 19.35 vs. GTN: 2.31 )
Ranked among companies with meaningful Interest Coverage only.
GTN' s Interest Coverage Range Over the Past 10 Years
Min: 0.51  Med: 1.75 Max: 2.58
Current: 2.31
0.51
2.58
Piotroski F-Score: 5
Altman Z-Score: 1.13
Beneish M-Score: -2.38
WACC vs ROIC
9.49%
12.87%
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 : 7/10

vs
industry
vs
history
Operating Margin % 24.53
GTN's Operating Margin % is ranked higher than
96% of the 430 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 5.84 vs. GTN: 24.53 )
Ranked among companies with meaningful Operating Margin % only.
GTN' s Operating Margin % Range Over the Past 10 Years
Min: 13.11  Med: 24.52 Max: 37.89
Current: 24.53
13.11
37.89
Net Margin % 29.97
GTN's Net Margin % is ranked higher than
94% of the 430 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 3.55 vs. GTN: 29.97 )
Ranked among companies with meaningful Net Margin % only.
GTN' s Net Margin % Range Over the Past 10 Years
Min: -61.75  Med: 6.64 Max: 29.97
Current: 29.97
-61.75
29.97
ROE % 37.19
GTN's ROE % is ranked higher than
96% of the 412 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 4.23 vs. GTN: 37.19 )
Ranked among companies with meaningful ROE % only.
GTN' s ROE % Range Over the Past 10 Years
Min: -91.71  Med: 11.84 Max: 37.19
Current: 37.19
-91.71
37.19
ROA % 8.90
GTN's ROA % is ranked higher than
83% of the 440 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 1.90 vs. GTN: 8.90 )
Ranked among companies with meaningful ROA % only.
GTN' s ROA % Range Over the Past 10 Years
Min: -13.91  Med: 1.92 Max: 8.9
Current: 8.9
-13.91
8.9
ROC (Joel Greenblatt) % 66.96
GTN's ROC (Joel Greenblatt) % is ranked higher than
80% of the 438 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 13.73 vs. GTN: 66.96 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
GTN' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -149.01  Med: 50.99 Max: 70.62
Current: 66.96
-149.01
70.62
3-Year Revenue Growth Rate 11.20
GTN's 3-Year Revenue Growth Rate is ranked higher than
80% of the 382 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 2.00 vs. GTN: 11.20 )
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: 6.45 Max: 38.4
Current: 11.2
-24.2
38.4
3-Year EBITDA Growth Rate 15.20
GTN's 3-Year EBITDA Growth Rate is ranked higher than
71% of the 311 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 5.40 vs. GTN: 15.20 )
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: 0  Med: 8.8 Max: 81
Current: 15.2
0
81
3-Year EPS without NRI Growth Rate 63.00
GTN's 3-Year EPS without NRI Growth Rate is ranked higher than
91% of the 282 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 10.10 vs. GTN: 63.00 )
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: 0  Med: 0 Max: 201.2
Current: 63
0
201.2
GuruFocus has detected 4 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 30-Y Financials

Financials (Next Earnings Date: 2018-08-08)


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

» Details

Guru Trades

Q2 2017

GTN Guru Trades in Q2 2017

Chuck Royce 50,000 sh (unchged)
Steven Cohen Sold Out
Paul Tudor Jones Sold Out
Mario Gabelli 482,600 sh (-2.03%)
Jim Simons 409,150 sh (-47.37%)
Joel Greenblatt 142,708 sh (-60.67%)
» More
Q3 2017

GTN Guru Trades in Q3 2017

Scott Black 35,030 sh (New)
Chuck Royce 50,000 sh (unchged)
Joel Greenblatt Sold Out
Mario Gabelli 477,600 sh (-1.04%)
Jim Simons 357,650 sh (-12.59%)
» More
Q4 2017

GTN Guru Trades in Q4 2017

John Hussman 4,500 sh (New)
Joel Greenblatt 27,423 sh (New)
Steven Cohen 2,037,356 sh (New)
Jim Simons 860,850 sh (+140.70%)
Scott Black 46,930 sh (+33.97%)
Chuck Royce 50,000 sh (unchged)
Mario Gabelli 476,600 sh (-0.21%)
» More
Q1 2018

GTN Guru Trades in Q1 2018

Lee Ainslie 651,323 sh (New)
John Hussman 179,500 sh (+3888.89%)
Scott Black 150,042 sh (+219.71%)
Chuck Royce 50,000 sh (unchged)
Joel Greenblatt Sold Out
Mario Gabelli 468,600 sh (-1.68%)
Steven Cohen 812,200 sh (-60.13%)
Jim Simons 129,450 sh (-84.96%)
» 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%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Mario Gabelli 2018-03-31 Reduce -1.68%$11.85 - $17.8 $ 12.65-16%468,600
Joel Greenblatt 2018-03-31 Sold Out 0.01%$11.85 - $17.8 $ 12.65-16%0
Mario Gabelli 2017-12-31 Reduce -0.21%$14.5 - $17.35 $ 12.65-19%476,600
Joel Greenblatt 2017-12-31 New Buy0.01%$14.5 - $17.35 $ 12.65-19%27,423
Mario Gabelli 2017-09-30 Reduce -1.04%$13.4 - $15.3 $ 12.65-11%477,600
Joel Greenblatt 2017-09-30 Sold Out 0.03%$13.4 - $15.3 $ 12.65-11%0
Mario Gabelli 2017-06-30 Reduce -2.03%$11.75 - $15.3 $ 12.65-6%482,600
Joel Greenblatt 2017-06-30 Reduce -60.67%0.04%$11.75 - $15.3 $ 12.65-6%142,708
Premium More recent guru trades are included for Premium Members only!!
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Business Description

Industry: Entertainment » Broadcasting - TV    NAICS: 515120    SIC: 4833
Compare:XKRX:028150, SZSE:000665, NYSE:SSP, BKK:WORK, TSE:4839, BOM:532798, ISX:MDIA, SZSE:002238, TSE:9413, TSE:9412, BKK:BEC, HKSE:00511, XKRX:037560, NAS:CETV, XKRX:053210, HKSE:02008, ASX:NEC, MEX:AZTECA CPO, ISX:VIVA, NYSE:EVC » details
Traded in other countries:GCZB.Germany,
Headquarter Location:USA
Gray Television Inc is a television broadcast company which owns and operates television stations and digital assets in United States.

Gray Television is an independent television station group. The company owns and operates over 36 stations reaching approximately 6% of all United States television households. The affiliates of these stations are CBS (17 stations), NBC (10 stations), ABC (8 stations), and Fox (1 station). Gray also broadcasts more than 40 digital channels plus several local news and weather channels within its markets.

Top Ranked Articles about Gray Television Inc

Gray's Jason Effinger Will Leave The Company After 20 Years Of Significant Achievements
Strong Industry Veterans Join Gray To Lead At WOWT In Omaha And KOSA In Odessa-Midland
Gray Agrees To Acquire KDLT-TV In Sioux Falls, South Dakota
Revisiting Steven Cohen’s Bargain Stock Gray Television The upcoming election cycles should help Gray weather any downturn and produce solid results
Point71 Steven Cohen owned 2,037,366 shares of Gray Television Inc. (NYSE:GTN) at the end of 2017, with two other big name guru investors joininging him -- Jim Simons (Trades, Portfolio) (860,850 shares) and Mario Gabelli (Trades, Portfolio) (476,600 shares). Read more...
Gray Television stations win 19 regional Edward R. Murrow Awards Plus two of three NABEF Service to America Television Awards
Gray Sets Date For First Quarter Earnings Release And Earnings Conference Call
Gray Sets Date for First Quarter Earnings Release and Earnings Conference Call
Gray Sets Date for First Quarter Earnings Release and Earnings Conference Call
Gray Sets Date For Fourth Quarter Earnings Release And Earnings Conference Call
Gray Sets Date for Fourth Quarter Earnings Release and Earnings Conference Call

Ratios

vs
industry
vs
history
PE Ratio 2.95
GTN's PE Ratio is ranked higher than
97% of the 279 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 20.00 vs. GTN: 2.95 )
Ranked among companies with meaningful PE Ratio only.
GTN' s PE Ratio Range Over the Past 10 Years
Min: 2.68  Med: 12.93 Max: 99.5
Current: 2.95
2.68
99.5
Forward PE Ratio 7.02
GTN's Forward PE Ratio is ranked higher than
96% of the 77 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 17.06 vs. GTN: 7.02 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 2.95
GTN's PE Ratio without NRI is ranked higher than
98% of the 278 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 20.39 vs. GTN: 2.95 )
Ranked among companies with meaningful PE Ratio without NRI only.
GTN' s PE Ratio without NRI Range Over the Past 10 Years
Min: 2.68  Med: 12.93 Max: 99.5
Current: 2.95
2.68
99.5
Price-to-Owner-Earnings 3.80
GTN's Price-to-Owner-Earnings is ranked higher than
92% of the 164 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 19.39 vs. GTN: 3.80 )
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: 5.38 Max: 100.47
Current: 3.8
1.14
100.47
PB Ratio 0.94
GTN's PB Ratio is ranked higher than
72% of the 408 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 1.85 vs. GTN: 0.94 )
Ranked among companies with meaningful PB Ratio only.
GTN' s PB Ratio Range Over the Past 10 Years
Min: 0.13  Med: 1.29 Max: 4.19
Current: 0.94
0.13
4.19
PS Ratio 0.87
GTN's PS Ratio is ranked higher than
73% of the 410 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 1.91 vs. GTN: 0.87 )
Ranked among companies with meaningful PS Ratio only.
GTN' s PS Ratio Range Over the Past 10 Years
Min: 0.08  Med: 0.91 Max: 2.1
Current: 0.87
0.08
2.1
Price-to-Free-Cash-Flow 5.09
GTN's Price-to-Free-Cash-Flow is ranked higher than
83% of the 145 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 14.98 vs. GTN: 5.09 )
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: 6.09 Max: 123.97
Current: 5.09
0.47
123.97
Price-to-Operating-Cash-Flow 4.18
GTN's Price-to-Operating-Cash-Flow is ranked higher than
80% of the 210 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 10.55 vs. GTN: 4.18 )
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: 4.32 Max: 15.26
Current: 4.18
0.37
15.26
EV-to-EBIT 8.42
GTN's EV-to-EBIT is ranked higher than
76% of the 296 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 16.19 vs. GTN: 8.42 )
Ranked among companies with meaningful EV-to-EBIT only.
GTN' s EV-to-EBIT Range Over the Past 10 Years
Min: -3.5  Med: 12.1 Max: 42.5
Current: 8.42
-3.5
42.5
EV-to-EBITDA 6.31
GTN's EV-to-EBITDA is ranked higher than
75% of the 334 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 11.22 vs. GTN: 6.31 )
Ranked among companies with meaningful EV-to-EBITDA only.
GTN' s EV-to-EBITDA Range Over the Past 10 Years
Min: -4.3  Med: 8.4 Max: 15.6
Current: 6.31
-4.3
15.6
EV-to-Revenue 2.74
GTN's EV-to-Revenue is ranked lower than
60% of the 428 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 2.35 vs. GTN: 2.74 )
Ranked among companies with meaningful EV-to-Revenue only.
GTN' s EV-to-Revenue Range Over the Past 10 Years
Min: 2.3  Med: 3.1 Max: 4.7
Current: 2.74
2.3
4.7
PEG Ratio 0.16
GTN's PEG Ratio is ranked higher than
98% of the 132 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 1.97 vs. GTN: 0.16 )
Ranked among companies with meaningful PEG Ratio only.
GTN' s PEG Ratio Range Over the Past 10 Years
Min: 0.12  Med: 1.71 Max: 5.26
Current: 0.16
0.12
5.26
Shiller PE Ratio 92.43
GTN's Shiller PE Ratio is ranked lower than
89% of the 93 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 23.42 vs. GTN: 92.43 )
Ranked among companies with meaningful Shiller PE Ratio only.
GTN' s Shiller PE Ratio Range Over the Past 10 Years
Min: 60.5  Med: 153.5 Max: 325
Current: 92.43
60.5
325
Current Ratio 6.46
GTN's Current Ratio is ranked higher than
91% of the 384 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 1.54 vs. GTN: 6.46 )
Ranked among companies with meaningful Current Ratio only.
GTN' s Current Ratio Range Over the Past 10 Years
Min: 0.83  Med: 1.52 Max: 11.26
Current: 6.46
0.83
11.26
Quick Ratio 6.46
GTN's Quick Ratio is ranked higher than
92% of the 384 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 1.39 vs. GTN: 6.46 )
Ranked among companies with meaningful Quick Ratio only.
GTN' s Quick Ratio Range Over the Past 10 Years
Min: 0.83  Med: 1.5 Max: 10.95
Current: 6.46
0.83
10.95
Days Sales Outstanding 67.79
GTN's Days Sales Outstanding is ranked higher than
51% of the 355 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 71.11 vs. GTN: 67.79 )
Ranked among companies with meaningful Days Sales Outstanding only.
GTN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 56.33  Med: 72.29 Max: 77.19
Current: 67.79
56.33
77.19
Days Payable 1.95
GTN's Days Payable is ranked lower than
93% of the 303 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 59.83 vs. GTN: 1.95 )
Ranked among companies with meaningful Days Payable only.
GTN' s Days Payable Range Over the Past 10 Years
Min: 1.95  Med: 4.78 Max: 21.06
Current: 1.95
1.95
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
73% of the 497 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 2.40 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 -15.40
GTN's 3-Year Average Share Buyback Ratio is ranked lower than
75% of the 273 Companies
in the Global Broadcasting - TV industry.

( Industry Median: -4.90 vs. GTN: -15.40 )
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: -7.8 Max: 13.3
Current: -15.4
-48.3
13.3

Valuation & Return

vs
industry
vs
history
Price-to-Intrinsic-Value-Projected-FCF 0.43
GTN's Price-to-Intrinsic-Value-Projected-FCF is ranked higher than
93% of the 178 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 1.33 vs. GTN: 0.43 )
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: 0.72 Max: 56.43
Current: 0.43
0.06
56.43
Price-to-Median-PS-Value 1.02
GTN's Price-to-Median-PS-Value is ranked lower than
51% of the 339 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 1.04 vs. GTN: 1.02 )
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: 1.45 Max: 3.08
Current: 1.02
0.09
3.08
Price-to-Peter-Lynch-Fair-Value 0.13
GTN's Price-to-Peter-Lynch-Fair-Value is ranked higher than
97% of the 70 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 1.42 vs. GTN: 0.13 )
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: 0.12  Med: 0.95 Max: 3.97
Current: 0.13
0.12
3.97
Earnings Yield (Greenblatt) % 11.91
GTN's Earnings Yield (Greenblatt) % is ranked higher than
84% of the 442 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 3.19 vs. GTN: 11.91 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
GTN' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -34.7  Med: 7.4 Max: 13.9
Current: 11.91
-34.7
13.9
Forward Rate of Return (Yacktman) % 35.58
GTN's Forward Rate of Return (Yacktman) % is ranked higher than
94% of the 216 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 8.79 vs. GTN: 35.58 )
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: 1.4  Med: 19.35 Max: 128.1
Current: 35.58
1.4
128.1

More Statistics

Revenue (TTM) (Mil) $905.53
EPS (TTM) $ 3.62
Beta2.29
Volatility35.26%
52-Week Range $10.70 - 17.80
Shares Outstanding (Mil)88.77

Analyst Estimate

Dec18 Dec19 Dec20
Revenue (Mil $) 1,054 993 1,183
EBIT (Mil $) 299 216
EBITDA (Mil $) 394 311 427
EPS ($) 1.92 1.17 2.20
EPS without NRI ($) 1.92 1.17 2.20
EPS Growth Rate
(Future 3Y To 5Y Estimate)
10.00%
Dividends per Share ($)

Piotroski F-Score Details

Piotroski F-Score: 55
Positive ROAY
Positive CFROAY
Higher ROA yoyY
CFROA > ROAN
Lower Leverage yoyY
Higher Current Ratio yoyY
Less Shares Outstanding yoyN
Higher Gross Margin yoyN
Higher Asset Turnover yoyN

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