Added to YB: 2024-08-15
Pitch date: 2024-08-15
GTN [bullish]
Gray Media, Inc.
+7.2%
current return
Author Info
No bio for this author
Company Info
Gray Media, Inc., a multimedia company, owns and/or operates local television stations and digital assets in the United States.
Market Cap
$456.6M
Pitch Price
$3.85
Price Target
N/A
Dividend
7.69%
EV/EBITDA
10.03
P/E
-2.73
EV/Sales
2.16
Sector
Media
Category
value
Gray Television’s Undervalued Position: A Potential Winner in the Media Market's Uncertain Future
GTN: $1-1.1B EBITDA, $100M capex. Studios to generate lease revenue. $500M cash taxes/pfd dvds. $400-500M cash for '27 debt ($671M o/s). $420M mkt cap priced for extinction. Streaming crisis, OTA viewing favorable. Cheap call option. Risk: pay TV/OTA collapse in 10yrs. TGNA similar but less levered, has Premion (OTT/CTV ads) & LockedOn. 9% ROIC on studio if fully leased. 90 acres undeveloped land.
Read full article (1 min)