Nexstar Media Group, Inc.

Industrials
Broadcasting
www.nexstar.tv

Earnings Score
Moat Score
Safety Score

Market Cap $4.86B
PE 7
Debt $6.67B
Cash $144.00M
EV $11.38B
FCF $1.11B

Earnings

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Sales & Net Margins

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Earnings	$683.00M
EBIT	$1.27B
ROE	30%
ROA	11%
FCF	$1.11B
Equity	$2.26B
Growth Stability	31%
PE	7.11
PEG	-1.2
PB	2.15
P/FCF	4.4
P/S	0.9
Price/Cash	0.03
Debt/Equity	2.95
Debt/FCF	6.04
Net Margins	13%
Op. Margins	23%
Earnings CAGR	22%
Sales Growth YoY	14%
Sales Growth QoQ	9%
Sales CAGR	20%
FCF CAGR	27%
Equity CAGR	36%
Earnings Stability	0.4
Earnings Growth YoY	132%
Earnings Growth QoQ	28%
Earnings CAGR 5Y	-6%

Sales CAGR 5Y	6%
FCF CAGR 5Y	3%
Equity CAGR 5Y	-1%
Earnings CAGR 3Y	2%
Sales CAGR 3Y	2%
FCF CAGR 3Y	-18%
Equity CAGR 3Y	-11%
Market Cap	$4.86B
Revenue	$5.41B
Dividend Yield	5%
Payout Ratio	32%
Assets	$11.47B
Total Debt	$6.67B
Cash	$144.00M
Shares Outstanding	31.43M
EV	11.38B
Earnings Score	46%
Moat Score	94%
Safety Score	46%
Final Score	62%
Working Capital	514M
Current Ratio	1.66
Shares Growth 3y	-10%
Equity Growth QoQ	2%
Equity Growth YoY	-2%

Assets & ROA

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Stockholders Equity & ROE

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Nexstar is the largest television station owner/operator in the United States, with 199 stations in 116 markets. Of its 199 full-power stations, 155 are affiliated with the four national broadcasters: CBS (49), Fox (42), NBC (35), and ABC (29).he 2019 merger with Tribune made Nexstar the top broadcast affiliate for both Fox and CBS as well as the number-two partner for NBC and number three for ABC. The firm has networks in 12 of the top 20 television markets and reaches over 68% of U.S. TV households. Nexstar also owns NewsNation (formerly WGN), a nationwide pay-television network, and a 31% stake in Food Network and Cooking Channel.

SEC Filings

Direct access to Nexstar Media Group, Inc. (NXST) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Nexstar Media Group, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Nexstar Media Group, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 22%

Stability 40%

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Nexstar Media Group, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Nexstar Media Group, Inc..

Years

Calculation mode

= $73B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$1.1B	$1.4B	$1.8B	$2.3B	$2.9B	$3.7B	$4.7B	$5.9B	$7.5B	$9.6B	$12B	$122B
DCF		$1.3B	$1.5B	$1.7B	$2B	$2.3B	$2.6B	$3B	$3.5B	$4.1B	$4.7B	$47B
Value	$73B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	9%	8%	20%	14%	8%	18%	18%	18%	5%	13%	13%
ROA	-	10%	7%	11%	5%	10%	9%	10%	6%	11%	11%
ROE	-	32%	30%	21%	11%	32%	29%	34%	12%	30%	30%

Good Net Margins (12.63%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	9.39	69.33	6.54	39.59	7.49	7.07	5.72	8.23	6.04	6.04
Debt over Equity	17.35	8.34	2.82	2.21	4.24	3.06	2.63	2.57	3.02	2.95	2.95
Growth Stability	-	-	-	100%	72%	100%	100%	100%	31%	100%	31%

Bad Debt/FCF ratio (6.04)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Bad Debt/Equity ratio (2.95)

The company is overleveraged and has a bad balance between equity and debt.

Bad Graham’s Stability (31%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	23%	120%	14%	10%	48%	3%	12%	-5%	10%	6%
Earnings YoY growth	-	20%	419%	-18%	-41%	251%	3%	14%	-71%	153%	-6%
Equity YoY growth	-	229%	456%	18%	10%	24%	13%	-3%	-16%	-2%	-1%
FCF YoY growth	-	50%	-75%	881%	-65%	372%	3%	17%	-32%	30%	3%