Intrinsic value of Gray Television, Inc. (GTN.A)

[per Chepakovich valuation model]

other valuations of GTN.A

[per Chepakovich valuation model]  See other valuations of GTN.A stock

Previous Close$19.01
Intrinsic Value
Upside potential
Previous Close
$19.01

VALUATION INPUT DATA

Revenue, mln $
Initial revenue growth rate (norm.), %
Variable cost ratio, %
Fixed operating expenses, mln $
Production assets / Revenue, %
Working capital / Revenue, %
Interest rate on debt, %
Life of production assets, yrs
Initial discount rate, %
Shares outstanding, mln
Adjusted equity ratio
Adjusted assets / Revenue
Based on fiscal year data as of 2020-12-31 and quarterly data as of 2021-03-31.
NOTE: The bar chart shows historic and forecasted yearly revenue growth rates. Its purpose is to help you in determining what initial revenue rate you want to base your stock valuation on. Please make sure that you are confident in the value you select - for most stocks it is by far the most important parameter in valuation.
  1. Annual
  2. Quarterly YoY
  3. Quarterly QoQ

Annual revenue growth rates, % (past and forecasted)

show cash flow forecast

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year2020(a)2021202220232024202520262027202820292030203120322033203420352036203720382039204020412042204320442045

INCOME STATEMENT

Revenue growth rate, %12.2NaN
Revenue, $2381NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m1629NaN
Operating income, $m752NaN
EBITDA, $m1018NaN
Interest expense (income), $mNaN
Earnings before tax, $m492NaN
Tax expense, $m134NaN
Net income, $m358NaN

BALANCE SHEET

Cash and short-term investments, $m773NaN
Total assets, $m7643NaN
Adjusted assets (=assets-cash), $m6870NaN
Average production assets, $m6188NaN
Working capital, $m1049NaN
Total debt, $m3974NaN
Total liabilities, $m5240NaN
Total equity, $m2403NaN
Debt-to-equity ratio1.654NaN
Adjusted equity ratio0.237NaN

CASH FLOW

Net income, $m358NaN
Depreciation, amort., depletion, $m266NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m652NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-110NaN
Free cash flow, $m762NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m1049
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN