Nexstar Media Intrinsic Value Calculator – NEXSTAR MEDIA Reports Q3 FY2023 Earnings Results Ending September 30 2023
November 22, 2023
🌥️Earnings Overview
NEXSTAR MEDIA ($NASDAQ:NXST) released their earnings report for Q3 FY2023, ending on September 30 2023, which showed total revenue of USD 1132.0 million, a decrease of 10.8% year-over-year. Net income was USD 25.0 million, representing a 91.3% decrease from the prior year.
Stock Price
On Wednesday, NEXSTAR MEDIA reported its earnings results for the third quarter ending September 30, 2023. NEXSTAR MEDIA’s stock opened at $146.9 and closed at $147.4, down by 2.7% from its prior closing price of 151.5. On the back of these results, NEXSTAR MEDIA reaffirmed its commitment to long-term investments in areas such as content and technology, with a particular focus on digital media. The company also stated its intent to continue to actively seek out strategic acquisitions and aggressive cost-saving measures. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Nexstar Media. More…
| Total Revenues | Net Income | Net Margin |
| 5.12k | 435.1 | 10.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Nexstar Media. More…
| Operations | Investing | Financing |
| 1.03k | -0.8 | -1.23k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Nexstar Media. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 12.05k | 9.7k | 68.2 |
Key Ratios Snapshot
Some of the financial key ratios for Nexstar Media are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.6% | -4.2% | 18.3% |
| FCF Margin | ROE | ROA |
| 16.9% | 24.0% | 4.8% |
Analysis – Nexstar Media Intrinsic Value Calculator
At GoodWhale, we recently conducted an analysis of NEXSTAR MEDIA‘s wellbeing. Our proprietary Valuation Line calculated that the fair value of NEXSTAR MEDIA share should be around $252.7. However, the current stock price of NEXSTAR MEDIA is only at $147.4, significantly undervalued by 41.7%. This means that it’s a great opportunity to invest in NEXSTAR MEDIA now. We believe that NEXSTAR MEDIA has potential to experience significant growth in the future, making it an attractive investment. More…
Peers
The company competes with Sinclair Broadcast Group Inc, Fox Corp, and Klassik Radio AG in the provision of local news and entertainment programming.
– Sinclair Broadcast Group Inc ($NASDAQ:SBGI)
Sinclair Broadcast Group Inc is a publicly traded company with a market cap of 1.26B as of 2022. The company operates in the broadcasting industry and owns and operates, programs, or provides sales and other services to television stations in the United States. As of 2018, Sinclair Broadcast Group Inc operated a total of 193 television stations. The company also owns and operates four regional sports networks, a digital program network, and a cable network channel.
– Fox Corp ($NASDAQ:FOXA)
Fox Corporation is an American media company that is primarily involved in the production and distribution of news and entertainment content. The company has a market capitalization of 15.38 billion as of 2022 and a return on equity of 11.49%. Fox Corporation is the parent company of a number of media businesses, including the Fox News Channel, Fox Business Network, Fox Sports, and Fox Television Stations.
– Klassik Radio AG ($LTS:0EXW)
Klassik Radio AG is a German radio station that offers a wide range of classical music. It has a market cap of 22.97M as of 2022 and a return on equity of 14.02%. The company’s mission is to promote the appreciation of classical music and to make it accessible to as many people as possible.
Summary
Nexstar Media Group, Inc. has released its third quarter earnings report for FY2023, showing a significant decrease in revenue and net income compared to the same period in the prior year. Total revenue of USD 1132.0 million represented a decrease of 10.8%, while net income fell by 91.3% to USD 25.0 million. Investors may want to consider this information when making future decisions regarding Nexstar Media, as these results speak to a decline in the company’s financial position. Furthermore, future earnings reports may provide further insight into the company’s health.
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