Alaska Department of Revenue Invests $4.01 Million in Nexstar Media Group,
January 5, 2023
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Nexstar Media Intrinsic Stock Value – The Alaska Department of Revenue holds a stock portfolio in Nexstar Media ($NASDAQ:NXST) Group, Inc., worth $4.01 million. The investment in the media giant is part of the department’s strategy to diversify its holdings, which include stocks from a variety of industries. The Alaska Department of Revenue is focusing on investments with high growth potential in order to maximize returns for taxpayers. Nexstar Media Group, Inc. has a strong position in the broadcasting industry and is well-positioned to benefit from an increasingly competitive media landscape.
The company has a solid track record of delivering strong financial performance and provides a good opportunity for long-term growth. It trades at a relatively low valuation compared to its peers, which makes it an attractive investment for the Alaska Department of Revenue. This approach is not only beneficial to the department’s portfolio, but it also provides an opportunity for taxpayers to benefit from the growth potential of this media giant.
Price History
The investment comes as the company’s stock opened at $176.2 and closed at $174.2, down by 0.5% from its prior closing price of 175.0. This is the latest indication of the company’s strong performance in the media sector, and it provides a significant financial boost for the Alaska Department of Revenue. It also provides digital content, including streaming news and entertainment services, to consumers through its websites and mobile applications. The company’s strong performance in the media sector is an indicator of its potential for further growth and success.
This investment is likely to bring increased attention to Nexstar Media Group, Inc., which could lead to more investments in the future. This investment is expected to bring increased attention to the company and could result in more investments in the future, as investors recognize its financial stability and long-term prospects. 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 |
| 4.97k | 1.03k | 20.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Nexstar Media. More…
| Operations | Investing | Financing |
| 1.43k | -232.1 | -945.56 |
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 |
| 12.92k | 10.05k | 74.97 |
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 |
| 22.0% | 32.4% | 32.3% |
| FCF Margin | ROE | ROA |
| 25.8% | 34.9% | 7.8% |
VI Analysis – Nexstar Media Intrinsic Stock Value
NEXSTAR MEDIA provides insight into a company’s long term potential by analyzing its fundamental performance. VI Line, a financial analysis app, simplifies this process by making it easy to understand and interpret the company’s data. According to the app, the fair value of NEXSTAR MEDIA’s share should be around $167.2. However, currently the stock is being traded at $174.2, which is a 4% overvaluation of its fair price. This suggests that investors may want to wait for a better entry point or to take profits now. It is important to consider the company’s fundamentals when making an investment decision. NEXSTAR MEDIA offers a reliable way to evaluate the company’s performance and to understand the long term potential of investing in it. With the help of VI Line, investors can quickly and accurately assess the value of NEXSTAR MEDIA’s stock, compare it to its fair price and make an informed decision on whether or not to buy or sell. More…
VI Peers
The company competes with Sinclair Broadcast Group Inc, Fox Corp, and Klassik Radio AG in the provision of local news and entertainment programming.
– Sinclair Broadcast Group Inc ($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
The Alaska Department of Revenue has recently invested $4.01 million in Nexstar Media Group, Inc., a leading diversified media company. This investment is seen as an indication of strong confidence in the company’s future prospects. Nexstar Media is one of the largest local television and digital media companies in the United States, providing services such as television, digital marketing, and advertising.
Additionally, Nexstar Media has recently launched a new digital media platform that enables customers to access content across multiple platforms. This investment by the Alaska Department of Revenue is expected to help Nexstar Media strengthen its position in the media industry and provide long-term returns.
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