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NXST

Market Closed

Nexstar Media Group Inc

NXST Alerts

NXST Stock Price

RSI Chart

Valuation

Market Cap

7.3B

Price/Earnings

7.97

Price/Sales

1.5

Price/Cashflow

5.09

MarketCap/EBT

6.24

Price/Sales

Profitability

EBT Margin

24.00%

Return on Equity

31.8%

Return on Assets

7.07%

Fundamentals

Revenue

Revenue (TTM)

5.0B

Revenue Y/Y

9.69%

Revenue Q/Q

1.93%

Earnings

Earnings (TTM)

1.0B

Earnings Y/Y

70.26%

Earnings Q/Q

26.9%

Price Action

Last 7 days

1.9%

Last 30 days

-5.9%

Last 90 days

-10.5%

Trailing 12 Months

-2.3%

Financial Health

Current Ratio

1.95

Debt/Equity

2.52

Debt/Cashflow

0.2

Investor Care

Dividend Yield

1.71%

Dividend/Share (TTM)

3.4

Buy Backs (1Y)

7.78%

Diluted EPS (TTM)

24.99

Peers (Alternatives to Nexstar Media Group)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
60.4B
53.6B
13.09% -41.42%
11.05
1.13
4.83% 27.48%
24.0B
9.0B
3.19% 5.06%
19.02
2.69
4.60% 266.98%
MID-CAP
8.2B
17.1B
6.94% -50.11%
3.85
0.47
-5.05% -18.93%
7.3B
5.0B
-5.92% -2.26%
7.97
1.5
4.00% 10.37%
5.2B
1.7B
-9.57% -60.18%
14.39
3
13.45% 12.88%
4.9B
2.2B
13.17% -24.21%
25.44
2.21
12.31% 8.07%
3.0B
9.8B
-31.63% -74.39%
3.69
0.3
-3.02% -40.20%
SMALL-CAP
1.3B
4.4B
1.67% -26.15%
0.51
0.25
-27.97% 1666.20%
1.3B
3.6B
0.13% -59.29%
15.74
0.35
17.85% 126.64%
978.7M
2.9B
-11.55% -48.08%
3.1
0.32
-3.88% -11.86%
394.2M
893.8M
15.82% -24.62%
14.03
0.46
28.05% -39.97%
308.4M
483.5M
-10.09% 7.26%
5.94
0.65
14.03% -27.43%
141.3M
954.5M
0.27% -38.38%
4.17
0.15
4.89% 5670.94%
127.4M
453.4M
-7.06% -42.81%
6.22
0.29
9.02% -47.91%

Financials for Nexstar Media Group

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue2.3%4,9704,8584,7454,6484,779
  S&GA Expenses0.2%1,0551,0531,0291,0241,018
Earnings Before Taxes11.5%1,3001,1661,1381,0931,257
Net Income13.1%1,032913885835935
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets1.4%13,09812,91613,09113,26513,283
  Current Assets14.5%1,6661,4551,4821,4131,312
    Cash Equivalents25.4%347276326191194
  Net PPE-0.1%1,4911,4931,5021,5121,586
  Goodwill0%3,0523,0523,0523,0523,052
Liabilities1.0%10,15010,04610,16910,40710,650
  Current Liabilities22.7%915746734787711
  Long Term Debt-0.8%7,1777,2347,2607,4157,546
    LT Debt, Current0%124124554741
    LT Debt, Non Current-0.8%7,0537,1107,2057,3687,506
Shareholder's Equity2.0%2,9262,8702,9162,8502,619
  Retained Earnings9.7%2,8642,6102,4192,2041,964
  Additional Paid-In Capital1.0%1,2711,2581,2691,3111,335
Accumulated Depreciation-738----
Shares Outstanding-2.9%3839414142
Minority Interest3816.7%22-0.606715
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations6.3%1,5181,4281,2851,2151,258
  Share Based Compensation9.6%5651484747
Cashflow From Investing75.9%-49.21-203.79-231.70-232.10-493.90
Cashflow From Financing-4.3%-1,317.23-1,262.38-1,068.36-945.56-980.51
  Dividend Payments4.3%137131125118114
  Buy Backs10.4%755684574537488

Risks

What is the probability of a big loss on NXST?

59.2%


Probability that Nexstar Media Group stock will be more than 20% underwater in next one year

20%


Probability that Nexstar Media Group stock will be more than 30% underwater in next one year.

19.6%


Probability that Nexstar Media Group stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does NXST drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Nexstar Media Group was unfortunately bought at previous high price.

Returns

Cumulative Returns on NXST

34.0%


10-Year Cumulative Returns

18.9%


7-Year Cumulative Returns

23.5%


5-Year Cumulative Returns

20.6%


3-Year Cumulative Returns

What are the long-term rolling returns for NXST?

FIve years rolling returns for Nexstar Media Group.

Which funds bought or sold NXST recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-23
Eagle Bay Advisors LLC
ADDED
15.09
1,421
10,000
0.01%
2022-11-23
Toroso Investments, LLC
NEW
-
1,261,000
1,261,000
0.05%
2022-11-22
B. Riley Wealth Advisors, Inc.
ADDED
62.36
271,000
680,000
0.02%
2022-11-22
CVA Family Office, LLC
ADDED
16.67
1,000
6,000
-%
2022-11-21
FourThought Financial, LLC
ADDED
7.27
30,000
339,000
0.05%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
REDUCED
-4
-140,000
8,313,000
0.01%
2022-11-17
CENTRAL TRUST Co
UNCHANGED
-
1,000
6,000
-%
2022-11-17
Provident Investment Management, Inc.
ADDED
1.65
1,021,000
25,772,000
3.30%
2022-11-17
M&T Bank Corp
ADDED
37.31
405,000
676,000
-%
2022-11-16
GLENMEDE TRUST CO NA
REDUCED
-5.22
-1,310,000
43,579,000
0.28%

1–10 of 45

Latest Funds Activity

Are funds buying NXST calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own NXST

Nexstar Media Group News

MarketBeat

Nexstar Media Group, Inc. (NASDAQ:NXST) EVP Sells $608000.00 in Stock.2 days ago

Marketscreener.com

NXST Fair Value

Recent SEC filings of Nexstar Media Group

View All Filings
Date Filed Form Type Document
Nov 22, 2022
4
Insider Trading
Nov 15, 2022
4
Insider Trading
Nov 09, 2022
10-Q
Quarterly Report
Nov 08, 2022
8-K
Current Report
Oct 28, 2022
8-K
Current Report
Oct 04, 2022
8-K
Current Report
Sep 27, 2022
4
Insider Trading
Sep 22, 2022
4
Insider Trading
Sep 21, 2022
4
Insider Trading
Sep 21, 2022
4
Insider Trading

Latest Insider Trading transactions for NXST

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-11-30
Jenkins Brett
SOLD
-608,000
190
-3,200
EVP, Chief Technology Officer
2022-11-29
ALFORD ANDREW
SOLD
-937,842
187.568
-5,000
President, Broadcasting
2022-11-29
Carter Thomas
ACQUIRED
690,450
46.03
15,000
President and COO
2022-11-29
ZIMMER DANA
SOLD
-250,177
187.118
-1,337
President, Distribution
2022-11-29
Carter Thomas
SOLD
-2,813,130
187.542
-15,000
President and COO
2022-11-21
Carter Thomas
SOLD
-474,294
171.659
-2,763
President and COO
2022-11-15
Carter Thomas
SOLD
-2,160,450
172.836
-12,500
President and COO
2022-11-14
Carter Thomas
GIFTED
-
-
-7,225
President and COO
2022-09-27
Carter Thomas
SOLD
-1,673,840
171.906
-9,737
President and COO
2022-09-25
Carter Thomas
ACQUIRED
4,251,000
170.04
25,000
President and COO

1–10 of 50

Perry A. Sook
12500
Nexstar Media Group, Inc., a television broadcasting and digital media company, focuses on the acquisition, development, and operation of television stations and interactive community websites and digital media services in the United States. The company offers free programming to television viewing audiences. As of December 31, 2020, it provided sales, programming, and other services through various local service agreements to 37 power television stations owned by independent third parties; and owned, operated, programmed, or provided sales and other services to 198 television stations. The company also offers video and display advertising platforms that are delivered locally or nationally through its own and various third party websites and mobile applications, as well as owns WGN America, a national general entertainment cable network. Its stations are affiliates of ABC, NBC, FOX, CBS, The CW, MyNetworkTV, and other broadcast television networks. The company was formerly known as Nexstar Broadcasting Group, Inc. and changed its name to Nexstar Media Group, Inc. in January 2017. Nexstar Media Group, Inc. was founded in 1996 and is headquartered in Irving, Texas.

NXST Income Statement

2022-09-30
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues [Abstract]    
Net revenue$ 1,269.1$ 1,157.0$ 3,724.3$ 3,402.5
Operating expenses (income):    
Direct operating expenses, excluding depreciation and amortization511.1480.11,502.71,391.8
Selling, general and administrative expenses, excluding depreciation and amortization260.8258.2775.2744.1
Amortization of broadcast rights25.429.980.692.4
Amortization of intangible assets76.875.7231.9223.2
Depreciation of property and equipment40.241.3118.6120.7
Reimbursement from the FCC related to station repack(0.5)(5.6)(2.8)(17.9)
Other(2.4)
Total operating expenses913.8879.62,706.22,551.9
Income from operations355.3277.41,018.1850.6
Gain on bargain purchase54.1 54.1 
Income from equity method investments, net36.620.8110.277.7
Interest expense, net(88.6)(70.4)(233.2)(212.6)
Pension and other postretirement plans credit, net11.017.732.753.0
Other (expenses) income, net1.0(10.5)(10.5)(4.3)
Income before income taxes369.4235.0971.4764.4
Income tax expense(81.9)(65.9)(206.0)(196.3)
Net income287.5169.1765.4568.1
Net loss attributable to noncontrolling interests1.20.52.42.5
Net income attributable to Nexstar Media Group, Inc.$ 288.7$ 169.6$ 767.8$ 570.6
Net income per common share attributable to Nexstar Media Group, Inc.:    
Basic$ 7.45$ 4.07$ 19.21$ 13.42
Diluted$ 7.30$ 3.90$ 18.81$ 12.84
Weighted average number of common shares outstanding:    
Basic (in thousands)38,76741,67639,96442,520
Diluted (in thousands)39,56043,47640,81644,422

NXST Balance Sheet

2022-09-30
CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 346.6$ 190.9
Restricted cash and cash equivalents15.615.6
Accounts receivable, net of allowance for doubtful accounts of $33.9 and $23.1, respectively986.91,021.0
Broadcast rights154.846.4
Prepaid expenses and other current assets162.4138.8
Total current assets1,666.31,412.7
Property and equipment, net1,491.01,512.5
Goodwill3,051.63,051.6
FCC licenses2,910.32,910.3
Intangible assets, net2,510.72,717.1
Investments1,088.71,218.8
Assets held for sale, net0.045.3
Other noncurrent assets, net379.7396.2
Total assets[1]13,098.313,264.5
Current liabilities:  
Current portion of debt124.347.2
Accounts payable166.1248.2
Broadcast rights payable151.676.9
Accrued expenses344.5315.9
Operating lease liabilities46.542.8
Deferred revenue70.222.6
Other current liabilities11.933.7
Total current liabilities915.1787.3
Debt7,052.97,367.9
Deferred tax liabilities1,714.91,728.5
Other noncurrent liabilities467.0523.3
Total liabilities[1]10,149.910,407.0
Commitments and contingencies (Note 14)
Stockholders' equity:  
Preferred stock - $0.01 par value, 200,000 shares authorized; none issued and outstanding at each of September 30, 2022 and December 31, 2021
Common stock0.50.5
Additional paid-in capital1,270.71,311.1
Accumulated other comprehensive income141.3141.6
Retained earnings2,863.72,204.2
Treasury stock - at cost; 9,013,193 and 6,534,034 shares as of September 30, 2022 and December 31, 2021, respectively(1,350.1)(807.0)
Total Nexstar Media Group, Inc. stockholders' equity2,926.12,850.4
Noncontrolling interests22.37.1
Total stockholders' equity2,948.42,857.5
Total liabilities and stockholders' equity13,098.313,264.5
Other Intangible Assets [Member]  
Current assets:  
Intangible assets, net592.2656.9
Network affiliation agreements [Member]  
Current assets:  
Intangible assets, net$ 1,918.5$ 2,060.2
[1]The condensed consolidated total assets as of September 30, 2022 and December 31, 2021 include certain assets held by consolidated VIEs of $306.3 million and $309.7 million, respectively, which are not available to be used to settle the obligations of Nexstar. The condensed consolidated total liabilities as of September 30, 2022 and December 31, 2021 include certain liabilities of consolidated VIEs of $156.8 million and $168.0 million, respectively, for which the creditors of the VIEs have no recourse to the general credit of Nexstar. See Note 2 for additional information.