Gray Television Stock Intrinsic Value – GRAY TELEVISION Reports 11.7% Decrease in Revenue for FY2023 Q3
November 29, 2023
🌥️Earnings Overview
GRAY TELEVISION ($NYSE:GTN) announced its fiscal year 2023 third quarter earnings results on 30th September 2023, showing a yearly decrease of 11.7% in total revenue, which was reported at USD 803.0 million. Furthermore, net income for the quarter was reported at USD -40.0 million, compared to USD 108.0 million in the same quarter last year.
Analysis – Gray Television Stock Intrinsic Value
GoodWhale has conducted an analysis of Gray Television’s well-being and their share fair value. Our proprietary Valuation Line calculated that the fair value of GRAY TELEVISION share is around $20.0. However, currently GRAY TELEVISION stock is trading at $6.9, which represents a significant undervaluation of 65.5%. This presents a potential opportunity for investors. More…
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 |
| 3.49k | 67 | 5.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Gray Television. More…
| Operations | Investing | Financing |
| 798 | -400 | -521 |
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 |
| 10.73k | 8.08k | 27.78 |
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 |
| 17.2% | 9.6% | 17.1% |
| FCF Margin | ROE | ROA |
| 10.7% | 13.9% | 3.5% |
Summary
GRAY TELEVISION has had a difficult quarter, reporting total revenue of USD 803.0 million, a year-over-year decrease of 11.7%, and net income of USD -40.0 million, compared to USD 108.0 million from the same quarter last year. As a result, investors reacted negatively, with the stock price dropping on September 30th 2023. The decline in revenue and income is likely due to the challenging economic environment, so investors should take caution when considering investing in GRAY TELEVISION. It is important for investors to do their own research and analysis before making any decisions.
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