-1.43%
-2.11%
-12.10%
-16.32%
-12.98%
-6.49%
27.64%
AI Spotlight on NXST
Company Description
Nexstar Media Group, Inc., a television broadcasting and digital media company, focuses on the acquisition, development, and operation of television stations and interactive community websites and digital media services in the United States.The company offers free programming to television viewing audiences.As of December 31, 2020, it provided sales, programming, and other services through various local service agreements to 37 power television stations owned by independent third parties; and owned, operated, programmed, or provided sales and other services to 198 television stations.
The company also offers video and display advertising platforms that are delivered locally or nationally through its own and various third party websites and mobile applications, as well as owns WGN America, a national general entertainment cable network.Its stations are affiliates of ABC, NBC, FOX, CBS, The CW, MyNetworkTV, and other broadcast television networks.The company was formerly known as Nexstar Broadcasting Group, Inc.
and changed its name to Nexstar Media Group, Inc.in January 2017.Nexstar Media Group, Inc.
was founded in 1996 and is headquartered in Irving, Texas.
Market Data
| Last Price | 154.64 |
| Change Percentage | -1.43% |
| Open | 156.71 |
| Previous Close | 156.89 |
| Market Cap ( Millions) | 4797 |
| Volume | 113010 |
| Year High | 191.86 |
| Year Low | 147.25 |
| M A 50 | 161.79 |
| M A 200 | 165.56 |
Financial Ratios
| FCF Yield | 18.24% |
| Dividend Yield | 4.37% |
| ROE | 26.09% |
| Debt / Equity | 303.79% |
| Net Debt / EBIDTA | 324.59% |
| Price To Book | 2.23 |
| Price Earnings Ratio | 8.34 |
| Price To FCF | 5.48 |
| Price To sales | 0.92 |
| EV / EBITDA | 5.62 |
News
- Jan -29 - Nexstar Media Group Raises Quarterly Cash Dividend by 10% to $1.86 Per Share
- Jan -18 - Nexstar & Optimum Reach Carriage Agreement After Standoff
- Jan -18 - Nexstar and Optimum Partner and Reach Agreement Returning Nexstar Content to Optimum Customers Immediately
- Jan -16 - Nexstar Media Group to Report 2024 Fourth Quarter Financial Results, Host Conference Call and Webcast on February 27
- Jan -15 - NewsNation Announces New Additions to Primetime Line-Up
- Jan -13 - While Nexstar Continues to Dodge FCC Rules, Optimum Focuses on Customer Choice and Value
- Jan -10 - Viewers Deprived of Critical News, Severe Weather Alerts, and the NFL Playoffs, as Altice USA Drops 63 Nexstar Television Stations From Optimum Platform
- Jan -10 - Optimum Announces Update on Carriage Negotiations With Nexstar; Offers Customers Solutions to Keep Watching Their Local Broadcast Stations
- Dec -09 - Nexstar's Interactive Television, M&A, And Why It's A Buy
- Nov -27 - Nexstar Media Group to Participate in Upcoming Investor Conferences
- Nov -13 - Nexstar Appoints Bill Sammon as Senior Vice President of Washington, D.C., Editorial Content for The Hill and NewsNation
- Nov -08 - Nexstar Media Group, Inc. (NXST) Q3 2024 Earnings Call Transcript
- Nov -01 - Nexstar Media Group Declares Quarterly Cash Dividend of $1.69 Per Share
- Oct -29 - Nexstar Media: Political Advertising, Buybacks Should Provide A Promising Seasonal Entry Point
- Oct -28 - Nexstar Media Group to Expand Presence in Cleveland With Acquisition of WBNX-TV/TV55
- Oct -14 - Is the Options Market Predicting a Spike in Nexstar Media (NXST) Stock?
- Oct -08 - Nexstar Media Raises Nearly $1.5 Million to Date for Hurricane Relief Efforts
- Oct -04 - CW Parent Nexstar Parting Ways With Chief Revenue Officer Michael Strober
- Aug -31 - 3 Little-Known Hollywood Stocks You Should Buy
- Aug -26 - Nexstar Media: Well Positioned In A Highly Challenging Industry
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Broadcast
Expected Growth : 2.5 %
What the company do ?
Nexstar Media Group, Inc.'s broadcast refers to the distribution of television programs and content to a wide audience through its network of local stations and affiliates.
Why we expect these perspectives ?
Nexstar Media Group's 2.5% growth is driven by increasing demand for local news and sports, expansion of digital media offerings, and strategic acquisitions. Additionally, the company's focus on retransmission consent revenue and growing political advertising revenue contribute to its growth momentum.
Segment n°2 -> The CW
Expected Growth : 3.5 %
What the company do ?
The CW is an American English-language broadcast television network owned by Nexstar Media Group, Inc., offering a mix of dramas, comedies, and reality TV shows.
Why we expect these perspectives ?
The CW's 3.5% growth is driven by increasing demand for original content, expansion of its digital platform, and strategic partnerships. Additionally, Nexstar's acquisition has brought cost synergies and improved operational efficiency. The network's focus on younger demographics and diverse programming has also contributed to its growth, as well as the rise of streaming services and cord-cutting trends.
Segment n°3 -> Corporate (Unallocated) and Other
Expected Growth : 1.5 %
What the company do ?
Corporate (Unallocated) represents unallocated corporate expenses, while Other includes revenues and expenses not attributed to specific segments, such as eliminations and certain non-operating items.
Why we expect these perspectives ?
Nexstar Media Group's Corporate (Unallocated) and Other segment growth of 1.5% is driven by increasing digital media revenue, retransmission fees, and political advertising. Additionally, the company's focus on cost savings initiatives, strategic acquisitions, and expansion into new markets also contribute to this growth.
Nexstar Media Group, Inc. Products
| Product Range | What is it ? |
|---|---|
| Television Broadcasting | Nexstar Media Group owns, operates, and provides services to 197 television stations across the United States, reaching approximately 39% of U.S. television households. |
| Digital Media | Nexstar's digital media segment offers a range of digital products and services, including news and entertainment websites, mobile apps, and social media platforms. |
| Cable Network Programming | Nexstar owns and operates several cable networks, including NewsNation, Antenna TV, and Rewind TV, offering a range of entertainment, news, and sports programming. |
| Digital Marketing Services | Nexstar's digital marketing services provide local businesses with a range of solutions, including website design, search engine optimization, and social media management. |
| Broadcast and Digital Video Production | Nexstar offers video production services for broadcast and digital platforms, including commercials, promotional content, and live events. |
Nexstar Media Group, Inc.'s Porter Forces
Threat Of Substitutes
Nexstar Media Group, Inc. operates in a highly competitive industry, but the threat of substitutes is mitigated by the company's diversified portfolio of media outlets and its strong brand recognition.
Bargaining Power Of Customers
Nexstar Media Group, Inc. has a diverse customer base, which reduces the bargaining power of individual customers. Additionally, the company's strong brand recognition and high-quality content give it a competitive advantage.
Bargaining Power Of Suppliers
Nexstar Media Group, Inc. relies on a few large suppliers for its broadcasting equipment and services, which gives them some bargaining power. However, the company's size and scale of operations mitigate this risk.
Threat Of New Entrants
The threat of new entrants is low due to the high barriers to entry in the broadcasting industry, including the need for significant capital investment and regulatory approvals.
Intensity Of Rivalry
The broadcasting industry is highly competitive, with many established players competing for market share. Nexstar Media Group, Inc. faces intense competition from other media companies, which can lead to pricing pressure and reduced market share.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 74.96% |
| Debt Cost | 9.31% |
| Equity Weight | 25.04% |
| Equity Cost | 11.41% |
| WACC | 9.84% |
| Leverage | 299.43% |
Nexstar Media Group, Inc. : Quality Control
Nexstar Media Group, Inc. passed 5 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| MSGS | Madison Square Garden Sports Corp. operates as a professional sports company. The company owns and operates a portfolio of assets that consists of the New York Knickerbockers of the National … |
| EDR | Endeavor Group Holdings, Inc. operates as an entertainment, sports, and content company in the United States, the United Kingdom, and internationally. It operates in three segments: Owned Sports Properties, Events, … |
| NWSA | News Corporation, a media and information services company, creates and distributes authoritative and engaging content, and other products and services for consumers and businesses worldwide. It operates in six segments: … |
| WMG | Warner Music Group Corp. operates as a music entertainment company in the United States, the United Kingdom, Germany, and internationally. The company operates through Recorded Music and Music Publishing segments. … |
| SIRI | Sirius XM Holdings Inc. provides satellite radio services on a subscription fee basis in the United States. It broadcasts music, sports, entertainment, comedy, talk, news, traffic, and weather channels, including … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Nexstar Media
A-Score
1-Year Total Return ->
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Sirius XM
A-Score
1-Year Total Return ->
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Endeavor Group Holdings
A-Score
1-Year Total Return ->
4
Madison Square Garden Sports
A-Score
1-Year Total Return ->
5
News Corp
A-Score
1-Year Total Return ->
6
