Gray Television Intrinsic Value Calculator – GRAY TELEVISION Reports Second Quarter Fiscal Year 2023 Earnings Results on August 4, 2023
August 10, 2023
🌥️Earnings Overview
On August 4, 2023, GRAY TELEVISION ($NYSE:GTN) released their earnings report for the second quarter of fiscal year 2023, with a reporting period ending on June 30, 2023. The total revenue for this quarter amounted to USD 813.0 million, which was 6.3% lower than the same quarter a year ago, while net income decreased by 96.0%, registered at USD 4.0 million.
Share Price
The stock opened at $9.2 and closed at a 20.3% increase to $10.5 from its previous closing price of 8.7. This increase in stock price was attributed to better-than-expected financial results. These impressive results demonstrate GRAY TELEVISION‘s commitment to delivering strong financial performance to its shareholders. In addition to the financial results, GRAY TELEVISION also discussed its plans for the future. The company emphasized its focus on continuing to invest in content and technology to drive growth and engagement.
It also highlighted its focus on expanding operations into new markets and launching new services and products. Investors were pleased with the results and the stock price saw a significant increase at the end of the day. With continued commitment to delivering strong financial performance and investing in new technologies, GRAY TELEVISION is poised to further increase its value in the coming years. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Gray Television. More…
| Total Revenues | Net Income | Net Margin |
| 3.6k | 215 | 8.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Gray Television. More…
| Operations | Investing | Financing |
| 958 | -489 | -595 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Gray Television. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 10.81k | 8.1k | 28.39 |
Key Ratios Snapshot
Some of the financial key ratios for Gray Television are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 20.0% | 21.9% | 21.4% |
| FCF Margin | ROE | ROA |
| 13.0% | 17.7% | 4.4% |
Analysis – Gray Television Intrinsic Value Calculator
At GoodWhale, we have conducted an analysis of GRAY TELEVISION‘s wellbeing. Our proprietary Valuation Line has calculated the fair value of a GRAY TELEVISION share to be around $22.3. Interestingly, GRAY TELEVISION stock is currently being traded at $10.5, which means they are undervalued by 52.9%. This presents a great opportunity for investors to buy GRAY TELEVISION shares at a lower price than their estimated value. More…
Summary
Gray Television‘s second quarter earnings report, released August 4, 2023, showed a 6.3% decrease in total revenue year-over-year and a 96.0% decrease in net income. Despite the significant year-over-year decrease in earnings, the stock price moved up the same day. Investors should consider Gray Television’s long-term prospects and analysis of the company’s competitive landscape to determine if there is value to be had for investing in the company. Additionally, analysis of the company’s cost structure and pricing strategies should be taken into consideration when determining if an investment in Gray Television is a wise decision.
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