Nexstar Media Stock Fair Value – Nexstar Media and FuboTV Sign Multi-Year Distribution Agreement
January 5, 2024
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Nexstar Media ($NASDAQ:NXST) Group, Inc. (NXST) and FuboTV have recently announced a multi-year distribution agreement. This partnership will help to expand the reach of Nexstar’s media portfolio, including their owned and operated television stations and digital media properties. Nexstar Media Group is one of the leading operators of local television and digital media properties in the United States. In addition, Nexstar owns WGN America, a national cable network, and Antenna TV, a national over-the-air television network.
Price History
The agreement will provide Nexstar Media with access to a broad range of linear and on-demand content from FuboTV’s subscription streaming service, which is designed for cord-cutters and sports fans. In response to the news, NEXSTAR MEDIA stock opened at $157.5 and closed at $156.7, down by 2.2% from the prior closing price of 160.2. This agreement is in line with Nexstar’s commitment to expand its content portfolio and reach more viewers across its network of stations and digital properties. It also reflects the growing demand for streaming services among cord-cutters and sports fans. 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 Stock Fair Value
At GoodWhale, we conducted an analysis of NEXSTAR MEDIA‘s financials to determine its intrinsic value. Our proprietary Valuation Line revealed that the intrinsic value of NEXSTAR MEDIA’s share is around $247.6. Currently, NEXSTAR MEDIA stock is trading at $156.7, which is 36.7% below the intrinsic value. This suggests that NEXSTAR MEDIA stock is currently undervalued. More…
Peers
The company competes with Sinclair Broadcast Group Inc, Fox Corp, and Klassik Radio AG in the provision of local news and entertainment programming.
– Sinclair Broadcast Group Inc ($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 (NASDAQ: NXST) has entered into a multi-year distribution agreement with FuboTV, a leading streaming TV platform for sports fans. This partnership will make the Nexstar Media content available to FuboTV subscribers across the country, allowing them to access hundreds of news, entertainment, sports, and lifestyle programming. From an investing standpoint, this agreement could be a key driver of NXST stock due to the increased exposure for the company’s content and the potential for higher advertising revenue.
Moreover, the expansion of its streaming platform may also result in higher subscription-based revenue for Nexstar Media. Overall, investors should consider the long-term potential of this new partnership and its potential impact on NXST stock.
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