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Nexstar Media Group Inc Stock Research

NXST

Delayed

NXST Alerts

NXST Stock Price

NXST RSI Chart

NXST Valuation

Market Cap

6.3B

Price/Earnings (Trailing)

6.48

Price/Sales (Trailing)

1.21

EV/EBITDA

8.6

Price/Free Cashflow

5.05

NXST Price/Sales (Trailing)

NXST Profitability

EBT Margin

23.36%

Return on Equity

35.43%

Return on Assets

7.66%

Free Cashflow Yield

19.8%

NXST Fundamentals

NXST Revenue

Revenue (TTM)

5.2B

Revenue Y/Y

19.33%

Revenue Q/Q

17.15%

NXST Earnings

Earnings (TTM)

971.1M

Earnings Y/Y

-22.96%

Earnings Q/Q

-29.58%

Price Action

Last 7 days

1.9%

Last 30 days

-5.9%

Last 90 days

4.8%

Trailing 12 Months

-2.3%

NXST Financial Health

Current Ratio

1.81

Debt/Equity

2.62

Debt/Cashflow

0.2

NXST Investor Care

Dividend Yield

2.11%

Dividend/Share (TTM)

3.6

Buy Backs (1Y)

9.68%

Diluted EPS (TTM)

24.16

Peers (Alternatives to Nexstar Media Group)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
54.7B
54.0B
-14.54% -39.92%
10.83
1.01
4.53% 8.62%
14.0B
9.0B
-22.72% -41.04%
11.58
1.56
3.53% -7.69%
MID-CAP
6.3B
5.2B
-5.92% -2.26%
6.48
1.21
12.10% 16.37%
6.2B
2.3B
-7.33% -16.13%
35.43
2.67
11.25% -20.94%
5.1B
16.7B
-29.07% -66.45%
2.13
0.3
-6.72% -3.38%
3.8B
1.7B
-18.30% -56.21%
16.03
2.2
6.24% -19.77%
SMALL-CAP
1.6B
9.6B
-22.22% -67.63%
8.15
0.16
-4.39% -80.35%
992.0M
3.9B
-28.22% -46.56%
0.37
0.25
-35.94% 740.58%
708.7M
3.1B
-9.66% -56.87%
93.32
0.23
0.62% -96.97%
706.1M
3.9B
-36.10% -75.26%
-2.67
0.18
9.95% -66.25%
491.0M
893.8M
-7.18% -3.84%
21.06
0.55
28.05% -53.48%
344.1M
483.5M
17.16% 40.04%
8.15
0.71
14.03% -27.43%
140.7M
453.4M
12.88% -26.82%
12.38
0.31
9.02% -45.63%
77.5M
953.5M
-31.90% -59.00%
4.77
0.08
4.04% -6.04%

Financials for Nexstar Media Group

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue4.8%5,2114,9704,8584,7454,648
  S&GA Expenses4.4%1,1021,0551,0531,0291,024
EBITDA-2.6%1,5431,5841,0471,477-
EBITDA Margin-7.1%0.30*0.32*0.22*0.31*-
Earnings Before Taxes-6.4%1,2171,3001,1661,1381,093
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%9711,032913885835
Net Income Margin-10.2%0.19*0.21*0.19*0.19*-
Free Cahsflow-9.2%1,2461,3731,2811,138-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-3.2%12,67913,09812,91613,09113,265
  Current Assets-3.1%1,6151,6661,4551,4821,413
    Cash Equivalents-41.1%204347276326191
  Net PPE-15.3%1,2621,4911,4931,5021,513
  Goodwill-3.0%2,9613,0523,0523,0523,052
Liabilities-2.4%9,91010,15010,04610,16910,407
  Current Liabilities-2.4%893915746734787
  Long Term Debt-0.8%7,1777,2347,2607,415-
    LT Debt, Current0%12412412455.0047.00
    LT Debt, Non Current-3.2%6,8277,0537,1107,2057,368
Shareholder's Equity-6.3%2,7412,9262,8692,9222,850
  Retained Earnings5.9%3,0332,8642,6102,4192,204
  Additional Paid-In Capital1.3%1,2881,2711,2581,2691,311
Accumulated Depreciation-738----
Shares Outstanding-3.8%37.0038.0039.0041.0041.00
Minority Interest26.9%28.0022.00-0.606.007.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-7.6%1,4031,5181,4281,2851,215
  Share Based Compensation10.4%62.0056.0051.0048.0047.00
Cashflow From Investing354.5%125-49.20-203-231-232
Cashflow From Financing-15.0%-1,515-1,317-1,262-1,068-945
  Dividend Payments3.8%142137131125118
  Buy Backs16.7%881755684574537

Risks for NXST

What is the probability of a big loss on NXST?

59.6%


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.

Drawdowns

Returns for NXST

Cumulative Returns on NXST

34.0%


10-Year Cumulative Returns

21.7%


7-Year Cumulative Returns

22.3%


5-Year Cumulative Returns

18.5%


3-Year Cumulative Returns

What are the long-term rolling returns for NXST?

FIve years rolling returns for Nexstar Media Group.

Annualized Returns

Which funds bought or sold NXST recently?

View All Details
Datesorted ascendingFund NameType% 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%

1–10 of 48

Latest Funds Activity

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

Nexstar Media Group News

Nasdaq

Guru Fundamental Report for NXST.

Nasdaq,
23 hours ago

Schedule 13G FIlings of Nexstar Media Group

Date FiledName of FilerPercent of ClassNo. of SharesForm 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

NXST Fair Value

Nexstar Media Group fair value in different scenarios

The table shows the Fair Value estimates for Nexstar Media Group for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery 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

-

Historical Nexstar Media Group Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Nexstar Media Group

View All Filings
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

Latest Insider Trading transactions for NXST

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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
-

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

2022-12-31
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 amortization2,004.81,862.41,720.5
Selling, general and administrative expenses, excluding depreciation and amortization1,101.91,024.2912.1
Depreciation and amortization expense662.1588.6564.9
Goodwill and other long-lived asset impairments132.923.0 
Spectrum repack reimbursements(2.8)(19.7)(57.3)
Gain on relinquishment of spectrum  (10.8)
Other (5.5)(3.5)
Total operating expenses3,898.93,473.03,125.9
Income from operations1,312.11,175.41,375.4
Gain on bargain purchase55.6  
Income from equity method investments, net153.4124.670.2
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, net43.180.946.0
Other expenses, net(7.6)(1.7)(1.0)
Income before income taxes1,217.11,093.31,104.6
Income tax expense(273.6)(262.9)(296.5)
Net income943.5830.4808.1
Net loss attributable to noncontrolling interests27.64.13.4
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)39,34942,13344,921
Diluted (in thousands)40,18743,98246,720
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 ($5.0) in 2020(114.4)107.114.6
Total comprehensive income829.1937.5822.7
Total comprehensive loss attributable to noncontrolling interests27.64.13.4
Total comprehensive income attributable to Nexstar Media Group, Inc.$ 856.7$ 941.6$ 826.1

NXST Balance Sheet

2022-12-31
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 equivalents15.615.6
Accounts receivable, net of allowance for credit losses of $18.4 and $23.1, respectively1,079.41,021.0
Broadcast rights194.046.4
Prepaid expenses and other current assets121.4138.8
Total current assets1,614.51,412.7
Property and equipment, net1,262.41,512.5
Goodwill2,960.83,051.6
FCC licenses2,910.32,910.3
Intangible assets, net2,434.22,717.1
Investments1,119.01,218.8
Assets held for sale 45.3
Other noncurrent assets, net377.7396.2
Total assets[1]12,678.913,264.5
Current liabilities:  
Current portion of debt124.347.2
Accounts payable197.7248.2
Broadcast rights payable151.076.9
Accrued expenses319.5315.9
Operating lease liabilities49.642.8
Other current liabilities51.156.3
Total current liabilities893.2787.3
Debt6,827.27,367.9
Deferred tax liabilities1,605.61,728.5
Other noncurrent liabilities583.6523.3
Total liabilities[1]9,909.610,407.0
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 - $0.01 par value, 100,000,000 shares authorized; 47,282,823 shares issued, 36,810,186 shares outstanding as of December 31, 2022 and 47,291,463 shares issued, 40,757,429 shares outstanding as of December 31, 20210.50.5
Additional paid-in capital1,287.51,311.1
Accumulated other comprehensive income26.9141.6
Retained earnings3,033.12,204.2
Treasury stock - at cost; 10,472,637 and 6,534,034 shares as of December 31, 2022 and December 31, 2021, respectively(1,607.0)(807.0)
Total Nexstar Media Group, Inc. stockholders’ equity2,741.02,850.4
Noncontrolling interests28.37.1
Total stockholders' equity2,769.32,857.5
Total liabilities and stockholders’ equity12,678.913,264.5
Network affiliation agreements [Member]  
Current assets:  
Intangible assets, net1,871.42,060.2
Other Intangible Assets [Member]  
Current assets:  
Intangible assets, net$ 562.8$ 656.9
[1]The consolidated total assets as of December 31, 2022 and 2021 include certain assets held by consolidated VIEs of $304.8 million and $309.7 million, respectively, which are not available to be used to settle the obligations of Nexstar. The consolidated total liabilities as of December 31, 2022 and 2021 include certain liabilities of consolidated VIEs of $148.4 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.