Last 7 days
1.9%
Last 30 days
-5.9%
Last 90 days
4.8%
Trailing 12 Months
-2.3%
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
CHTR | 54.7B | 54.0B | -14.54% | -39.92% | 10.83 | 1.01 | 4.53% | 8.62% |
SIRI | 14.0B | 9.0B | -22.72% | -41.04% | 11.58 | 1.56 | 3.53% | -7.69% |
MID-CAP | ||||||||
NXST | 6.3B | 5.2B | -5.92% | -2.26% | 6.48 | 1.21 | 12.10% | 16.37% |
NYT | 6.2B | 2.3B | -7.33% | -16.13% | 35.43 | 2.67 | 11.25% | -20.94% |
DISH | 5.1B | 16.7B | -29.07% | -66.45% | 2.13 | 0.3 | -6.72% | -3.38% |
CABO | 3.8B | 1.7B | -18.30% | -56.21% | 16.03 | 2.2 | 6.24% | -19.77% |
SMALL-CAP | ||||||||
ATUS | 1.6B | 9.6B | -22.22% | -67.63% | 8.15 | 0.16 | -4.39% | -80.35% |
SBGI | 992.0M | 3.9B | -28.22% | -46.56% | 0.37 | 0.25 | -35.94% | 740.58% |
AMCX | 708.7M | 3.1B | -9.66% | -56.87% | 93.32 | 0.23 | 0.62% | -96.97% |
IHRT | 706.1M | 3.9B | -36.10% | -75.26% | -2.67 | 0.18 | 9.95% | -66.25% |
EVC | 491.0M | 893.8M | -7.18% | -3.84% | 21.06 | 0.55 | 28.05% | -53.48% |
UONE | 344.1M | 483.5M | 17.16% | 40.04% | 8.15 | 0.71 | 14.03% | -27.43% |
TSQ | 140.7M | 453.4M | 12.88% | -26.82% | 12.38 | 0.31 | 9.02% | -45.63% |
CMLS | 77.5M | 953.5M | -31.90% | -59.00% | 4.77 | 0.08 | 4.04% | -6.04% |
Income Statement (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Revenue | 4.8% | 5,211 | 4,970 | 4,858 | 4,745 | 4,648 |
S&GA Expenses | 4.4% | 1,102 | 1,055 | 1,053 | 1,029 | 1,024 |
EBITDA | -2.6% | 1,543 | 1,584 | 1,047 | 1,477 | - |
EBITDA Margin | -7.1% | 0.30* | 0.32* | 0.22* | 0.31* | - |
Earnings Before Taxes | -6.4% | 1,217 | 1,300 | 1,166 | 1,138 | 1,093 |
EBT Margin | -10.7% | 0.23* | 0.26* | 0.24* | 0.24* | - |
Interest Expenses | -11.0% | -336 | -303 | -285 | -279 | -282 |
Net Income | -5.9% | 971 | 1,032 | 913 | 885 | 835 |
Net Income Margin | -10.2% | 0.19* | 0.21* | 0.19* | 0.19* | - |
Free Cahsflow | -9.2% | 1,246 | 1,373 | 1,281 | 1,138 | - |
Balance Sheet | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Assets | -3.2% | 12,679 | 13,098 | 12,916 | 13,091 | 13,265 |
Current Assets | -3.1% | 1,615 | 1,666 | 1,455 | 1,482 | 1,413 |
Cash Equivalents | -41.1% | 204 | 347 | 276 | 326 | 191 |
Net PPE | -15.3% | 1,262 | 1,491 | 1,493 | 1,502 | 1,513 |
Goodwill | -3.0% | 2,961 | 3,052 | 3,052 | 3,052 | 3,052 |
Liabilities | -2.4% | 9,910 | 10,150 | 10,046 | 10,169 | 10,407 |
Current Liabilities | -2.4% | 893 | 915 | 746 | 734 | 787 |
Long Term Debt | -0.8% | 7,177 | 7,234 | 7,260 | 7,415 | - |
LT Debt, Current | 0% | 124 | 124 | 124 | 55.00 | 47.00 |
LT Debt, Non Current | -3.2% | 6,827 | 7,053 | 7,110 | 7,205 | 7,368 |
Shareholder's Equity | -6.3% | 2,741 | 2,926 | 2,869 | 2,922 | 2,850 |
Retained Earnings | 5.9% | 3,033 | 2,864 | 2,610 | 2,419 | 2,204 |
Additional Paid-In Capital | 1.3% | 1,288 | 1,271 | 1,258 | 1,269 | 1,311 |
Accumulated Depreciation | - | 738 | - | - | - | - |
Shares Outstanding | -3.8% | 37.00 | 38.00 | 39.00 | 41.00 | 41.00 |
Minority Interest | 26.9% | 28.00 | 22.00 | -0.60 | 6.00 | 7.00 |
Cashflow (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Cashflow From Operations | -7.6% | 1,403 | 1,518 | 1,428 | 1,285 | 1,215 |
Share Based Compensation | 10.4% | 62.00 | 56.00 | 51.00 | 48.00 | 47.00 |
Cashflow From Investing | 354.5% | 125 | -49.20 | -203 | -231 | -232 |
Cashflow From Financing | -15.0% | -1,515 | -1,317 | -1,262 | -1,068 | -945 |
Dividend Payments | 3.8% | 142 | 137 | 131 | 125 | 118 |
Buy Backs | 16.7% | 881 | 755 | 684 | 574 | 537 |
59.6%
20%
19.6%
Y-axis is the maximum loss one would have experienced if Nexstar Media Group was unfortunately bought at previous high price.
34.0%
21.7%
22.3%
18.5%
FIve years rolling returns for Nexstar Media Group.
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-03-15 | B. Riley Wealth Advisors, Inc. | reduced | -5.28 | -4,968 | 675,032 | 0.02% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | reduced | -13.38 | -2,796,020 | 27,808,000 | 0.03% |
2023-03-06 | Rockefeller Capital Management L.P. | reduced | -0.89 | 11,000 | 291,000 | -% |
2023-02-28 | Voya Investment Management LLC | added | 50.95 | 2,081,870 | 5,647,870 | 0.01% |
2023-02-24 | SRS Capital Advisors, Inc. | reduced | -2.78 | 106 | 6,106 | -% |
2023-02-22 | CVA Family Office, LLC | reduced | -14.29 | -749 | 5,251 | -% |
2023-02-22 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | new | - | 1,068,000 | 1,068,000 | 0.01% |
2023-02-21 | Empowered Funds, LLC | added | 138 | 1,340,030 | 2,233,030 | 0.15% |
2023-02-21 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | added | 22.51 | 64,489 | 292,489 | -% |
2023-02-21 | NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC | new | - | 610,855 | 610,855 | 0.02% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Feb 10, 2023 | neuberger berman group llc | 4.49% | 1,693,280 | SC 13G/A | |
Feb 09, 2023 | fmr llc | - | 0 | SC 13G/A | |
Feb 09, 2023 | vanguard group inc | 9.17% | 3,459,083 | SC 13G/A | |
Feb 03, 2023 | blackrock inc. | 8.9% | 3,369,622 | SC 13G | |
Feb 14, 2022 | neuberger berman group llc | 5.10% | 2,085,124 | SC 13G/A | |
Feb 09, 2022 | fmr llc | - | 0 | SC 13G/A | |
Feb 16, 2021 | park west asset management llc | 1.4% | 624,000 | SC 13G/A | |
Feb 11, 2021 | neuberger berman group llc | 5.00% | 2,200,583 | SC 13G/A | |
Feb 10, 2021 | vanguard group inc | 8.52% | 3,751,392 | SC 13G/A | |
Feb 08, 2021 | fmr llc | - | 0 | SC 13G/A |
Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
---|---|---|---|---|---|
Very Low Inflation | 516.62 - | 783.83 - | 1187.95 - | 1955.25 - | 2298.74 - |
Current Inflation | 471.68 - | 702.58 - | 1043.51 - | 1690.36 - | 1976.54 - |
Very High Inflation | 416.29 - | 604.69 - | 873.49 - | 1383.85 - | 1606.07 - |
Date Filed | Form Type | Document | |
---|---|---|---|
Mar 16, 2023 | 4 | Insider Trading | |
Mar 08, 2023 | 4 | Insider Trading | |
Mar 08, 2023 | 4 | Insider Trading | |
Mar 07, 2023 | 4 | Insider Trading | |
Mar 06, 2023 | 144 | Notice of Insider Sale Intent | |
Mar 03, 2023 | 4 | Insider Trading | |
Feb 28, 2023 | 10-K | Annual Report | |
Feb 28, 2023 | 8-K | Current Report | |
Feb 10, 2023 | SC 13G/A | Major Ownership Report | |
Feb 09, 2023 | SC 13G/A | Major Ownership Report |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-03-07 | COMPTON SEAN | sold | -439,625 | 175 | -2,500 | president, networks |
2023-03-06 | Carter Thomas | acquired | 64,442 | 46.03 | 1,400 | president and coo |
2023-03-06 | Carter Thomas | sold | -256,083 | 182 | -1,400 | president and coo |
2023-03-03 | McNabb Lisbeth | acquired | 621,405 | 46.03 | 13,500 | - |
2023-03-03 | McNabb Lisbeth | sold (taxes) | -621,460 | 182 | -3,398 | - |
2023-01-15 | SOOK PERRY A | acquired | - | - | - | chief executive officer |
2023-01-15 | SOOK PERRY A | acquired | 39,169,800 | 183 | 213,541 | chief executive officer |
2023-01-15 | SOOK PERRY A | sold (taxes) | -15,267,400 | 183 | -83,233 | chief executive officer |
2022-12-23 | Russell Blake | gifted | - | - | -103 | evp, station operations |
2022-12-23 | FITZSIMONS DENNIS J | sold | -176,200 | 176 | -1,000 | - |
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Millions | 12 Months Ended | ||
---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Revenues [Abstract] | |||
Net revenue | $ 5,211.0 | $ 4,648.4 | $ 4,501.3 |
Operating expenses (income): | |||
Direct operating expenses, excluding depreciation and amortization | 2,004.8 | 1,862.4 | 1,720.5 |
Selling, general and administrative expenses, excluding depreciation and amortization | 1,101.9 | 1,024.2 | 912.1 |
Depreciation and amortization expense | 662.1 | 588.6 | 564.9 |
Goodwill and other long-lived asset impairments | 132.9 | 23.0 | |
Spectrum repack reimbursements | (2.8) | (19.7) | (57.3) |
Gain on relinquishment of spectrum | (10.8) | ||
Other | (5.5) | (3.5) | |
Total operating expenses | 3,898.9 | 3,473.0 | 3,125.9 |
Income from operations | 1,312.1 | 1,175.4 | 1,375.4 |
Gain on bargain purchase | 55.6 | ||
Income from equity method investments, net | 153.4 | 124.6 | 70.2 |
Interest expense, net | (336.6) | (282.7) | (335.3) |
Loss on extinguishment of debt | (2.9) | (3.2) | (50.7) |
Pension and other postretirement plans credit, net | 43.1 | 80.9 | 46.0 |
Other expenses, net | (7.6) | (1.7) | (1.0) |
Income before income taxes | 1,217.1 | 1,093.3 | 1,104.6 |
Income tax expense | (273.6) | (262.9) | (296.5) |
Net income | 943.5 | 830.4 | 808.1 |
Net loss attributable to noncontrolling interests | 27.6 | 4.1 | 3.4 |
Net income attributable to Nexstar Media Group, Inc. | $ 971.1 | $ 834.5 | $ 811.5 |
Net income per common share attributable to Nexstar Media Group, Inc.: | |||
Basic | $ 24.68 | $ 19.81 | $ 18.06 |
Diluted | $ 24.16 | $ 18.98 | $ 17.37 |
Weighted average number of common shares outstanding: | |||
Basic (in thousands) | 39,349 | 42,133 | 44,921 |
Diluted (in thousands) | 40,187 | 43,982 | 46,720 |
Net income | $ 943.5 | $ 830.4 | $ 808.1 |
Other comprehensive income (loss): | |||
Change in unrecognized amounts included in pension and other postretirement benefit obligations, net of tax benefit (expense) of $39.2 in 2022, ($36.7) in 2021, and ($5.0) in 2020 | (114.4) | 107.1 | 14.6 |
Total comprehensive income | 829.1 | 937.5 | 822.7 |
Total comprehensive loss attributable to noncontrolling interests | 27.6 | 4.1 | 3.4 |
Total comprehensive income attributable to Nexstar Media Group, Inc. | $ 856.7 | $ 941.6 | $ 826.1 |
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | ||
---|---|---|---|---|
Current assets: | ||||
Cash and cash equivalents | $ 204.1 | $ 190.9 | ||
Restricted cash and cash equivalents | 15.6 | 15.6 | ||
Accounts receivable, net of allowance for credit losses of $18.4 and $23.1, respectively | 1,079.4 | 1,021.0 | ||
Broadcast rights | 194.0 | 46.4 | ||
Prepaid expenses and other current assets | 121.4 | 138.8 | ||
Total current assets | 1,614.5 | 1,412.7 | ||
Property and equipment, net | 1,262.4 | 1,512.5 | ||
Goodwill | 2,960.8 | 3,051.6 | ||
FCC licenses | 2,910.3 | 2,910.3 | ||
Intangible assets, net | 2,434.2 | 2,717.1 | ||
Investments | 1,119.0 | 1,218.8 | ||
Assets held for sale | 45.3 | |||
Other noncurrent assets, net | 377.7 | 396.2 | ||
Total assets | [1] | 12,678.9 | 13,264.5 | |
Current liabilities: | ||||
Current portion of debt | 124.3 | 47.2 | ||
Accounts payable | 197.7 | 248.2 | ||
Broadcast rights payable | 151.0 | 76.9 | ||
Accrued expenses | 319.5 | 315.9 | ||
Operating lease liabilities | 49.6 | 42.8 | ||
Other current liabilities | 51.1 | 56.3 | ||
Total current liabilities | 893.2 | 787.3 | ||
Debt | 6,827.2 | 7,367.9 | ||
Deferred tax liabilities | 1,605.6 | 1,728.5 | ||
Other noncurrent liabilities | 583.6 | 523.3 | ||
Total liabilities | [1] | 9,909.6 | 10,407.0 | |
Commitments and contingencies (Note 16) | ||||
Stockholders' equity: | ||||
Preferred stock - $0.01 par value, 200,000 shares authorized; none issued and outstanding at each of December 31, 2022 and December 31, 2021 | ||||
Common stock - $0.01 par value, 100,000,000 shares authorized; 47,282,823 shares issued, 36,810,186 shares outstanding as of December 31, 2022 and 47,291,463 shares issued, 40,757,429 shares outstanding as of December 31, 2021 | 0.5 | 0.5 | ||
Additional paid-in capital | 1,287.5 | 1,311.1 | ||
Accumulated other comprehensive income | 26.9 | 141.6 | ||
Retained earnings | 3,033.1 | 2,204.2 | ||
Treasury stock - at cost; 10,472,637 and 6,534,034 shares as of December 31, 2022 and December 31, 2021, respectively | (1,607.0) | (807.0) | ||
Total Nexstar Media Group, Inc. stockholders’ equity | 2,741.0 | 2,850.4 | ||
Noncontrolling interests | 28.3 | 7.1 | ||
Total stockholders' equity | 2,769.3 | 2,857.5 | ||
Total liabilities and stockholders’ equity | 12,678.9 | 13,264.5 | ||
Network affiliation agreements [Member] | ||||
Current assets: | ||||
Intangible assets, net | 1,871.4 | 2,060.2 | ||
Other Intangible Assets [Member] | ||||
Current assets: | ||||
Intangible assets, net | $ 562.8 | $ 656.9 | ||
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