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Gray Television Inc
NYSE:GTN

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Gray Television Inc Logo
Gray Television Inc
NYSE:GTN
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Price: 11.29 USD +5.61% Market Closed
Updated: Nov 30, 2022

Intrinsic Value

The intrinsic value of one GTN stock under the Base Case scenario is 70.11 USD. Compared to the current market price of 11.29 USD, Gray Television Inc is Undervalued by 84%.

The Intrinsic Value is calculated as the average of the two valuation methods:

GTN Intrinsic Value
Base Case
70.11 USD
Undervaluation 84%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Fundamental Analysis

GTN Profitability Score
Profitability Due Diligence

Gray Television Inc's profitability score is 59/100. The higher the profitability score, the more profitable the company is.

Positive 3-Year Average ROIC
Positive ROIC
Declining ROIC
Positive Net Income
59/100
Profitability
Score

Gray Television Inc's profitability score is 59/100. The higher the profitability score, the more profitable the company is.

GTN Solvency Score
Solvency Due Diligence

Gray Television Inc's solvency score is 27/100. The higher the solvency score, the more solvent the company is.

Average Interest Coverage
Low Altman Z-Score
Positive Net Debt
High D/E
27/100
Solvency
Score

Gray Television Inc's solvency score is 27/100. The higher the solvency score, the more solvent the company is.

Financials
Efficiency
36%
Gross Margin
22%
Operating Margin
9%
Net Margin
8%
FCF Margin
12%
ROE
6%
ROIC
Other

GTN Capital Structure
Gray Television Inc

Market Capitalization 1.1B USD
Total Debt 6.6B USD
Minority Interest 0 USD
Preferred Equity 0 USD
Cash and Equivalents 144M USD
Short-Term Investments 0 USD
Enterprise Value 7.5B USD

Wall St
Price Targets

GTN Price Targets Summary
Gray Television Inc

Wall Street analysts forecast GTN stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for GTN is 16.14 USD .

Lowest
Price Target
Not Available
Average
Price Target
16.14 USD
43% Upside
Highest
Price Target
Not Available
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

GTN Competitors
Gray Television Inc

GTN Suppliers & Customers
Gray Television Inc

There is no information about
Gray Television Inc
key suppliers

Gray Television Inc has 8 key customers from 3 countries and 5 industries. The majority of these customers are located in the United States of America, with the largest number of customers in the Media industry.

Ownership

GTN Shareholders
Major Shareholders

Insiders own a significant part of the company.

Top 25 shareholders own 62.02% of the company. Insiders own 7.64%. The biggest insider is Howell Robin Robinson (Director), who owns 1.88% of Gray Television Inc.

Insiders
7.64%
Institutions
75.04%
Other
17.32%
Insiders
7.64%
Howell Robin Robinson
Director
Ownership
1.8824%
Market Value
19.8M USD
Shares
1 752 428
Howell Hilton H Jr
Chairman, President & CEO
Ownership
1.8824%
Market Value
19.8M USD
Shares
1 752 428
Atlantic American Corp
10 percent owner
Ownership
0.9456%
Market Value
9.9M USD
Shares
880 272
Robinson Harriett J
10 percent owner
Ownership
0.6725%
Market Value
7.1M USD
Shares
626 093
Laplatney D Patrick
Director
Ownership
0.497%
Market Value
5.2M USD
Shares
462 639
Ryan James C
EVP & Chief Financial Officer
Ownership
0.4493%
Market Value
4.7M USD
Shares
418 248
Latek Kevin Paul
EVP Chief L & D Officer
Ownership
0.3347%
Market Value
3.5M USD
Shares
311 563
Waller Kevin Nichols
SVP & CAO
Ownership
0.2209%
Market Value
2.3M USD
Shares
205 606
Smith Robert Lawrence
SVP & COO
Ownership
0.2057%
Market Value
2.2M USD
Shares
191 466
Norton Hugh
Director
Ownership
0.1128%
Market Value
1.2M USD
Shares
105 015
Newton Howell
Director
Ownership
0.0991%
Market Value
1M USD
Shares
92 223
Elder T L
Director
Ownership
0.0806%
Market Value
847k USD
Shares
75 000
Mctear Paul
Director
Ownership
0.0728%
Market Value
765k USD
Shares
67 759
Boger Richard Lee
Director
Ownership
0.0555%
Market Value
583k USD
Shares
51 651
Garcia Luis A.
Director
Ownership
0.0386%
Market Value
406k USD
Shares
35 966
Hare Richard B
Director
Ownership
0.0293%
Market Value
308k USD
Shares
27 247
Neuhoff Elizabeth R.
Director
Ownership
0.021%
Market Value
221k USD
Shares
19 573
Spainhour Sterling A Jr.
Director
Ownership
0.018%
Market Value
190k USD
Shares
16 799
Cowart Jackson S Iv
Chief Accounting Officer
Ownership
0.0132%
Market Value
139k USD
Shares
12 309
Mcclain Lorri
Director
Ownership
0.0081%
Market Value
84.7k USD
Shares
7 505
Institutions
75.04%
Back

GTN Insider Trading
Buy and sell transactions by insiders

Gray Television Inc insiders have sold more shares than they have bought in the past 12 months.

During the last 12 months Gray Television Inc insiders bought 696k USD , and sold 15M USD worth of shares. The last transaction was made on Nov 30, 2022 by Boger Richard Lee (Director), who bought 72.6k USD worth of GTN shares.

Sold
0-3
months
0 USD
0
3-6
months
0 USD
0
6-9
months
10.1M USD
4
9-12
months
4.9M USD
3
Bought
0-3
months
3
449k USD
3-6
months
2
18.4k USD
6-9
months
2
228k USD
9-12
months
0
0 USD
Cumulative Transactions Amount
Period Sold Bought Net
3 Months
N/A
449k USD
449k
6 Months
N/A
468k USD
468k
9 Months
10.1M USD
696k USD
-9.4M
12 Months
15M USD
696k USD
-14.3M
Purchases
438
Sales
95
Why is insider trading important?

Shareholder Return

GTN Price
Gray Television Inc

1M 1M
-20%
6M 6M
-42%
1Y 1Y
-44%
3Y 3Y
-42%
5Y 5Y
-19%
Annual Price Range
11.29
52w Low
8.97
52w High
24.27
Price Metrics
Average Annual Return 7.47%
Standard Deviation of Annual Returns 26.2%
Max Drawdown -64%

Company Profile

Gray Television Inc

Country

United States of America

Industry

Media

Market Cap

1.1B USD

Dividend Yield

2.99%

Description

Gray Television, Inc. is a television broadcasting company, which engages in owning and operating television stations and digital assets in markets throughout the United States. The company is headquartered in Atlanta, Georgia and currently employs 8,608 full-time employees. The firm owns and operates television stations and digital assets in various markets across the United States. The firm operates through two segments: broadcasting and production companies. The broadcasting segment operates television stations located across 94 local markets in the United States. The production companies segment includes the production of television and event content. The company also owns video program production, marketing and digital businesses including Raycom Sports, Tupelo-Raycom, and RTM Studios, the producer of PowerNation programs and content, which refer collectively as its production companies. The company has television stations serving approximately 113 markets in the United States. Its subsidiaries include WVLT-TV, Inc., Gray Media Group, Inc., Gray Television Licensee, LLC, Pearl Railroad Assembly Yard, LLC, Raycom Sports Network, Inc. and Tupelo Honey Raycom, LLC.

Contact

GEORGIA
Atlanta
4370 Peachtree Rd NE
+14042668333.0
https://gray.tv/

IPO

1996-09-24

Employees

8 608

Officers

Exec. Chairman & CEO
Mr. Hilton Hatchett Howell Jr.
Pres, Co-CEO & Director
Mr. Donald Patrick LaPlatney
Exec. VP & CFO
Mr. James C. Ryan
Exec. VP & COO
Mr. Robert Lawrence Smith
Exec. VP, Chief Legal & Devel. Officer and Sec.
Mr. Kevin P. Latek
Sr. VP & Chief Accounting Officer
Mr. Jackson S. Cowart IV
Show More
Sr. VP & Chief Technology Officer
Mr. David Burke
VP of Corp. Devel.
Ms. Charlie Effinger
Sr. VP of Sales Operations
Ms. Karen Youger
Group Director of Marketing & Client Services
Ms. Meg Little
Show Less

See Also

Similar Stocks
What is the Intrinsic Value of one GTN stock?

The intrinsic value of one GTN stock under the Base Case scenario is 70.11 USD.

Is GTN stock undervalued or overvalued?

Compared to the current market price of 11.29 USD, Gray Television Inc is Undervalued by 84%.