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Company Description

TEGNA Inc.operates as a media company in the United States.The company operates television stations that deliver television programming and digital content.


It offers news content to consumers across various platforms, including online, mobile, and social platforms; owns and operates multicast networks under the names True Crime Network, Quest, and Twist that offer on-demand episodes of shows; and operates VAULT Studios, which provides true crime and investigative content in the form of podcasts and original television programs.The company also provides solutions for advertisers through TEGNA Marketing Solutions (TMS).TMS delivers results for advertisers across television and digital platforms, as well as over-the-top (OTT) platforms, including Premion OTT advertising network.


As of February 28, 2022, it operated 64 television stations in 51 markets.The company was formerly known as Gannett Co., Inc.and changed its name to TEGNA Inc.


in June 2015.TEGNA Inc.was founded in 1906 and is headquartered in Tysons, Virginia.

Market Data

Last Price 18.2
Change Percentage 1.45%
Open 18.05
Previous Close 17.94
Market Cap ( Millions) 2932
Volume 1406817
Year High 19.62
Year Low 12.35
M A 50 18.14
M A 200 16.14

Financial Ratios

FCF Yield 21.31%
Dividend Yield 2.69%
ROE 20.85%
Debt / Equity 104.50%
Net Debt / EBIDTA 278.73%
Price To Book 0.98
Price Earnings Ratio 4.91
Price To FCF 4.69
Price To sales 0.95
EV / EBITDA 6.13

News

Business Breakdown

Expected Mid-Term Growth

Segment nΒ°1 -> Subscription

Expected Growth : 2 %

What the company do ?

TEGNA Inc.'s subscription offers access to premium content, exclusive news, and investigative reporting from their network of local stations and newspapers.

Why we expect these perspectives ?

TEGNA Inc.'s subscription growth is driven by increasing demand for premium content, expansion into new markets, and strategic acquisitions. The company's focus on digital transformation, including investments in over-the-top (OTT) platforms and targeted advertising, has also contributed to growth. Additionally, TEGNA's strong brand portfolio and commitment to quality journalism have helped attract and retain subscribers.

Segment nΒ°2 -> Advertising & Marketing Services

Expected Growth : 3 %

What the company do ?

TEGNA Inc.'s Advertising & Marketing Services provide innovative solutions for businesses to reach their target audience through television, digital, and OTT platforms.

Why we expect these perspectives ?

TEGNA Inc.'s Advertising & Marketing Services segment growth is driven by increasing demand for digital marketing solutions, expansion of its marketing services offerings, and strategic acquisitions. Additionally, the company's focus on providing data-driven insights and targeted advertising solutions to local businesses is contributing to its growth.

Segment nΒ°3 -> Other

Expected Growth : 1 %

What the company do ?

TEGNA Inc.'s 'Other' segment includes revenues from commercial printing, publishing, and digital marketing services, as well as other miscellaneous revenue streams.

Why we expect these perspectives ?

TEGNA Inc.'s 'Other' segment growth is driven by increasing demand for its digital marketing services, expansion of its Premion OTT platform, and strategic acquisitions. Additionally, growth in e-commerce and digital advertising spend, coupled with the company's focus on innovation and customer engagement, contribute to its robust growth.

Segment nΒ°4 -> Political

Expected Growth : 4 %

What the company do ?

Political from TEGNA Inc. provides in-depth coverage of political news, analysis, and commentary, offering a comprehensive view of the political landscape.

Why we expect these perspectives ?

TEGNA Inc.'s Political segment growth is driven by increasing demand for political advertising, particularly in election years. The company's strong presence in key battleground states and its ability to offer targeted advertising solutions to political campaigns contribute to its growth. Additionally, TEGNA's investments in digital marketing and data analytics capabilities enhance its offerings, attracting more political advertisers and fueling growth.

Tegna Inc. Products

Product Range What is it ?
TEGNA Local TEGNA Local is a platform that provides local news, sports, and entertainment content to audiences across the United States.
Premion Premion is a premium over-the-top (OTT) video advertising platform that enables advertisers to reach their target audiences across multiple devices.
Verizon Digital Media Services Verizon Digital Media Services is a suite of digital media solutions that enables content owners and distributors to deliver high-quality video content to various platforms.
TEGNA Attribution TEGNA Attribution is a data analytics platform that helps advertisers measure the effectiveness of their advertising campaigns across multiple channels.
TEGNA Marketing Solutions TEGNA Marketing Solutions is a suite of marketing services that helps businesses develop and execute targeted marketing campaigns across multiple channels.

TEGNA Inc.'s Porter Forces

TEGNA Inc. operates in a highly competitive industry, with many substitutes available to customers. However, the company's strong brand recognition and high-quality content help to mitigate the threat of substitutes.

TEGNA Inc.'s customers have limited bargaining power due to the company's strong market position and the lack of alternative options.

TEGNA Inc. relies on a diverse range of suppliers, which reduces the bargaining power of individual suppliers. However, the company's dependence on a few key suppliers for critical components increases the bargaining power of those suppliers.

The threat of new entrants is high in the media industry, with low barriers to entry and the potential for new players to disrupt the market. TEGNA Inc. must continue to innovate and invest in new technologies to stay ahead of potential competitors.

The media industry is highly competitive, with many established players competing for market share. TEGNA Inc. must focus on differentiating itself through high-quality content and innovative products to maintain its market position.

Capital Structure

Value
Debt Weight 53.28%
Debt Cost 6.47%
Equity Weight 46.72%
Equity Cost 6.47%
WACC 6.47%
Leverage 114.04%

Historical Valuation

Price/Earnings Ratio

Margin Valuation

Peers Valuation

Competitors

Company Rational
NXST 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 …
OMC Omnicom Group Inc., together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, …
SGA Saga Communications, Inc., a broadcast company, acquires, develops, and operates broadcast properties in the United States. The company's radio stations employ various programming formats, including classic hits, adult hits, top …
IPG The Interpublic Group of Companies, Inc. provides advertising and marketing services worldwide. It operates in two segments, Integrated Agency Networks (IAN) and IPG DXTRA. The company offers consumer advertising, digital …
CCOI Cogent Communications Holdings, Inc., through its subsidiaries, provides high-speed Internet access, private network, and data center colocation space services in North America, Europe, Asia, South America, Australia, and Africa. The …

Peers Metrics

DCF BETA

Parameters

Short Term Growth
Short term Time
Long-Term Growth
WACC
Target Price
18.2$
Current Price
18.2$
Potential
-0.00%

Expected Cash-Flows

Scoring Insights

ValueQualityYieldMomentumVolatilityGrowth
Company A-Score: 5.70Peer Group Average: 8.00Leader: 5.50

Peers Group Analysis

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