Professional
Added to YB: 2025-03-04
Pitch date: 2025-03-03
GTN [bullish]
Gray Media, Inc.
+23.92%
current return
Author Info
Idea Brunch is an interview series where great off-the-beaten-path investors share their best ideas and insights about their research process. Yellowbrick users get a 20% discount for life
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
$3.33
Price Target
8.00 (+94%)
Dividend
7.69%
EV/EBITDA
10.03
P/E
-2.73
EV/Sales
2.16
Sector
Media
Category
value
Idea Brunch with Lee Roach of The Value Road - Gray Media, Inc.
GTN: TV broadcaster at multi-decade low (P/E <2x, P/B <0.2x). $608M FCF in 2024, paying down debt. Assembly Atlanta asset worth $500M+. Potential FCC deregulation could spur M&A. Spectrum auction possibility. $8 PT (2x current), long-term $20+ if <4x net debt/EBITDA. Risks: bankruptcy fears, 2025 non-political year.
Read full article (3 min)