Intrinsic value of Nexstar Media Group, Inc. - NXST

Previous Close

$100.56

  Intrinsic Value

$606.48

stock screener

  Rating & Target

str. buy

+503%

Previous close

$100.56

 
Intrinsic value

$606.48

 
Up/down potential

+503%

 
Rating

str. buy

We calculate the intrinsic value of NXST stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 4.6

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  22.10
  20.39
  18.85
  17.47
  16.22
  15.10
  14.09
  13.18
  12.36
  11.62
  10.96
  10.37
  9.83
  9.35
  8.91
  8.52
  8.17
  7.85
  7.57
  7.31
  7.08
  6.87
  6.68
  6.52
  6.36
  6.23
  6.10
  5.99
  5.89
  5.81
Revenue, $m
  3,379
  4,067
  4,834
  5,678
  6,599
  7,596
  8,666
  9,808
  11,020
  12,301
  13,650
  15,065
  16,546
  18,092
  19,705
  21,383
  23,130
  24,946
  26,834
  28,796
  30,834
  32,953
  35,155
  37,446
  39,829
  42,309
  44,892
  47,583
  50,388
  53,313
Variable operating expenses, $m
  431
  407
  382
  353
  323
  289
  253
  215
  174
  131
  -458
  -505
  -555
  -607
  -661
  -717
  -776
  -836
  -900
  -966
  -1,034
  -1,105
  -1,179
  -1,256
  -1,335
  -1,419
  -1,505
  -1,595
  -1,690
  -1,788
Fixed operating expenses, $m
  1,658
  1,694
  1,731
  1,770
  1,808
  1,848
  1,889
  1,930
  1,973
  2,016
  2,061
  2,106
  2,152
  2,200
  2,248
  2,298
  2,348
  2,400
  2,453
  2,507
  2,562
  2,618
  2,676
  2,734
  2,795
  2,856
  2,919
  2,983
  3,049
  3,116
Total operating expenses, $m
  2,089
  2,101
  2,113
  2,123
  2,131
  2,137
  2,142
  2,145
  2,147
  2,147
  1,603
  1,601
  1,597
  1,593
  1,587
  1,581
  1,572
  1,564
  1,553
  1,541
  1,528
  1,513
  1,497
  1,478
  1,460
  1,437
  1,414
  1,388
  1,359
  1,328
Operating income, $m
  1,290
  1,966
  2,721
  3,556
  4,468
  5,458
  6,524
  7,663
  8,873
  10,154
  12,047
  13,464
  14,948
  16,499
  18,117
  19,803
  21,558
  23,383
  25,281
  27,255
  29,306
  31,439
  33,658
  35,967
  38,370
  40,872
  43,478
  46,195
  49,029
  51,985
EBITDA, $m
  2,011
  2,723
  3,518
  4,397
  5,358
  6,400
  7,522
  8,720
  9,994
  11,342
  12,762
  14,253
  15,815
  17,447
  19,149
  20,923
  22,769
  24,690
  26,687
  28,763
  30,921
  33,166
  35,500
  37,928
  40,456
  43,088
  45,830
  48,688
  51,668
  54,778
Interest expense (income), $m
  100
  215
  277
  347
  425
  511
  605
  706
  815
  931
  1,054
  1,184
  1,321
  1,465
  1,616
  1,773
  1,937
  2,108
  2,285
  2,470
  2,662
  2,861
  3,068
  3,284
  3,508
  3,741
  3,983
  4,235
  4,498
  4,771
  5,056
Earnings before tax, $m
  1,075
  1,689
  2,374
  3,130
  3,958
  4,854
  5,818
  6,848
  7,942
  9,100
  10,863
  12,143
  13,483
  14,883
  16,344
  17,866
  19,450
  21,098
  22,811
  24,593
  26,445
  28,371
  30,375
  32,459
  34,629
  36,889
  39,243
  41,698
  44,258
  46,929
Tax expense, $m
  290
  456
  641
  845
  1,069
  1,311
  1,571
  1,849
  2,144
  2,457
  2,933
  3,279
  3,640
  4,019
  4,413
  4,824
  5,252
  5,696
  6,159
  6,640
  7,140
  7,660
  8,201
  8,764
  9,350
  9,960
  10,596
  11,258
  11,950
  12,671
Net income, $m
  785
  1,233
  1,733
  2,285
  2,889
  3,543
  4,247
  4,999
  5,798
  6,643
  7,930
  8,864
  9,843
  10,865
  11,931
  13,042
  14,199
  15,401
  16,652
  17,953
  19,305
  20,711
  22,173
  23,695
  25,279
  26,929
  28,648
  30,439
  32,308
  34,258

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  8,619
  10,376
  12,332
  14,486
  16,835
  19,377
  22,107
  25,020
  28,113
  31,381
  34,821
  38,431
  42,208
  46,153
  50,267
  54,550
  59,006
  63,639
  68,454
  73,458
  78,658
  84,063
  89,681
  95,525
  101,604
  107,931
  114,520
  121,385
  128,541
  136,003
Adjusted assets (=assets-cash), $m
  8,619
  10,376
  12,332
  14,486
  16,835
  19,377
  22,107
  25,020
  28,113
  31,381
  34,821
  38,431
  42,208
  46,153
  50,267
  54,550
  59,006
  63,639
  68,454
  73,458
  78,658
  84,063
  89,681
  95,525
  101,604
  107,931
  114,520
  121,385
  128,541
  136,003
Revenue / Adjusted assets
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
Average production assets, $m
  4,230
  5,092
  6,052
  7,109
  8,263
  9,510
  10,850
  12,280
  13,797
  15,401
  17,090
  18,861
  20,715
  22,651
  24,670
  26,772
  28,959
  31,233
  33,596
  36,052
  38,604
  41,257
  44,014
  46,882
  49,866
  52,971
  56,205
  59,574
  63,086
  66,748
Working capital, $m
  382
  460
  546
  642
  746
  858
  979
  1,108
  1,245
  1,390
  1,542
  1,702
  1,870
  2,044
  2,227
  2,416
  2,614
  2,819
  3,032
  3,254
  3,484
  3,724
  3,973
  4,231
  4,501
  4,781
  5,073
  5,377
  5,694
  6,024
Total debt, $m
  5,132
  6,429
  7,873
  9,462
  11,196
  13,072
  15,087
  17,237
  19,519
  21,931
  24,470
  27,134
  29,922
  32,833
  35,869
  39,029
  42,318
  45,737
  49,291
  52,984
  56,821
  60,810
  64,957
  69,269
  73,755
  78,425
  83,288
  88,354
  93,635
  99,142
Total liabilities, $m
  6,361
  7,657
  9,101
  10,691
  12,424
  14,300
  16,315
  18,465
  20,747
  23,159
  25,698
  28,362
  31,150
  34,061
  37,097
  40,258
  43,546
  46,965
  50,519
  54,212
  58,050
  62,038
  66,185
  70,497
  74,984
  79,653
  84,516
  89,582
  94,863
  100,370
Total equity, $m
  2,258
  2,719
  3,231
  3,795
  4,411
  5,077
  5,792
  6,555
  7,366
  8,222
  9,123
  10,069
  11,059
  12,092
  13,170
  14,292
  15,459
  16,673
  17,935
  19,246
  20,608
  22,024
  23,497
  25,027
  26,620
  28,278
  30,004
  31,803
  33,678
  35,633
Total liabilities and equity, $m
  8,619
  10,376
  12,332
  14,486
  16,835
  19,377
  22,107
  25,020
  28,113
  31,381
  34,821
  38,431
  42,209
  46,153
  50,267
  54,550
  59,005
  63,638
  68,454
  73,458
  78,658
  84,062
  89,682
  95,524
  101,604
  107,931
  114,520
  121,385
  128,541
  136,003
Debt-to-equity ratio
  2.270
  2.360
  2.440
  2.490
  2.540
  2.570
  2.600
  2.630
  2.650
  2.670
  2.680
  2.690
  2.710
  2.720
  2.720
  2.730
  2.740
  2.740
  2.750
  2.750
  2.760
  2.760
  2.760
  2.770
  2.770
  2.770
  2.780
  2.780
  2.780
  2.780
Adjusted equity ratio
  0.262
  0.262
  0.262
  0.262
  0.262
  0.262
  0.262
  0.262
  0.262
  0.262
  0.262
  0.262
  0.262
  0.262
  0.262
  0.262
  0.262
  0.262
  0.262
  0.262
  0.262
  0.262
  0.262
  0.262
  0.262
  0.262
  0.262
  0.262
  0.262
  0.262

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  785
  1,233
  1,733
  2,285
  2,889
  3,543
  4,247
  4,999
  5,798
  6,643
  7,930
  8,864
  9,843
  10,865
  11,931
  13,042
  14,199
  15,401
  16,652
  17,953
  19,305
  20,711
  22,173
  23,695
  25,279
  26,929
  28,648
  30,439
  32,308
  34,258
Depreciation, amort., depletion, $m
  721
  757
  797
  841
  890
  942
  998
  1,058
  1,121
  1,188
  715
  789
  867
  948
  1,032
  1,120
  1,212
  1,307
  1,406
  1,508
  1,615
  1,726
  1,842
  1,962
  2,086
  2,216
  2,352
  2,493
  2,640
  2,793
Funds from operations, $m
  1,506
  1,990
  2,530
  3,126
  3,779
  4,485
  5,245
  6,057
  6,919
  7,831
  8,645
  9,653
  10,709
  11,813
  12,963
  14,162
  15,410
  16,708
  18,058
  19,461
  20,920
  22,437
  24,015
  25,657
  27,366
  29,145
  30,999
  32,932
  34,948
  37,051
Change in working capital, $m
  69
  78
  87
  95
  104
  113
  121
  129
  137
  145
  152
  160
  167
  175
  182
  190
  197
  205
  213
  222
  230
  239
  249
  259
  269
  280
  292
  304
  317
  331
Cash from operations, $m
  1,437
  1,912
  2,443
  3,031
  3,674
  4,372
  5,124
  5,927
  6,782
  7,686
  8,492
  9,493
  10,542
  11,638
  12,781
  13,973
  15,213
  16,503
  17,845
  19,240
  20,690
  22,198
  23,766
  25,398
  27,096
  28,865
  30,707
  32,628
  34,631
  36,720
Maintenance CAPEX, $m
  -145
  -177
  -213
  -253
  -297
  -346
  -398
  -454
  -514
  -577
  -644
  -715
  -789
  -867
  -948
  -1,032
  -1,120
  -1,212
  -1,307
  -1,406
  -1,508
  -1,615
  -1,726
  -1,842
  -1,962
  -2,086
  -2,216
  -2,352
  -2,493
  -2,640
New CAPEX, $m
  -764
  -862
  -960
  -1,057
  -1,153
  -1,247
  -1,340
  -1,430
  -1,518
  -1,604
  -1,688
  -1,772
  -1,854
  -1,936
  -2,019
  -2,102
  -2,187
  -2,274
  -2,363
  -2,456
  -2,552
  -2,653
  -2,758
  -2,868
  -2,984
  -3,105
  -3,234
  -3,369
  -3,512
  -3,662
Cash from investing activities, $m
  -909
  -1,039
  -1,173
  -1,310
  -1,450
  -1,593
  -1,738
  -1,884
  -2,032
  -2,181
  -2,332
  -2,487
  -2,643
  -2,803
  -2,967
  -3,134
  -3,307
  -3,486
  -3,670
  -3,862
  -4,060
  -4,268
  -4,484
  -4,710
  -4,946
  -5,191
  -5,450
  -5,721
  -6,005
  -6,302
Free cash flow, $m
  527
  872
  1,270
  1,721
  2,224
  2,779
  3,386
  4,044
  4,750
  5,505
  6,160
  7,007
  7,899
  8,835
  9,815
  10,838
  11,906
  13,018
  14,175
  15,378
  16,629
  17,930
  19,282
  20,689
  22,151
  23,673
  25,257
  26,907
  28,626
  30,418
Issuance/(repayment) of debt, $m
  1,151
  1,297
  1,444
  1,590
  1,734
  1,876
  2,015
  2,150
  2,282
  2,412
  2,539
  2,664
  2,788
  2,911
  3,036
  3,161
  3,289
  3,419
  3,554
  3,693
  3,838
  3,989
  4,147
  4,312
  4,486
  4,670
  4,863
  5,066
  5,281
  5,507
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  1,151
  1,297
  1,444
  1,590
  1,734
  1,876
  2,015
  2,150
  2,282
  2,412
  2,539
  2,664
  2,788
  2,911
  3,036
  3,161
  3,289
  3,419
  3,554
  3,693
  3,838
  3,989
  4,147
  4,312
  4,486
  4,670
  4,863
  5,066
  5,281
  5,507
Total cash flow (excl. dividends), $m
  1,678
  2,169
  2,714
  3,310
  3,958
  4,655
  5,401
  6,194
  7,033
  7,917
  8,698
  9,671
  10,687
  11,746
  12,850
  13,999
  15,194
  16,437
  17,728
  19,071
  20,467
  21,919
  23,429
  25,001
  26,638
  28,343
  30,120
  31,973
  33,907
  35,925
Retained Cash Flow (-), $m
  -405
  -460
  -512
  -564
  -616
  -666
  -715
  -763
  -810
  -856
  -901
  -946
  -990
  -1,034
  -1,078
  -1,122
  -1,167
  -1,214
  -1,262
  -1,311
  -1,362
  -1,416
  -1,472
  -1,531
  -1,593
  -1,658
  -1,726
  -1,799
  -1,875
  -1,955
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  1,273
  1,709
  2,201
  2,746
  3,342
  3,989
  4,686
  5,430
  6,222
  7,061
  7,797
  8,725
  9,697
  10,713
  11,773
  12,877
  14,027
  15,223
  16,467
  17,760
  19,104
  20,503
  21,957
  23,470
  25,045
  26,685
  28,394
  30,175
  32,032
  33,970
Discount rate, %
  9.20
  9.66
  10.14
  10.65
  11.18
  11.74
  12.33
  12.95
  13.59
  14.27
  14.99
  15.74
  16.52
  17.35
  18.22
  19.13
  20.08
  21.09
  22.14
  23.25
  24.41
  25.63
  26.91
  28.26
  29.67
  31.15
  32.71
  34.35
  36.07
  37.87
PV of cash for distribution, $m
  1,166
  1,421
  1,647
  1,832
  1,967
  2,049
  2,076
  2,051
  1,976
  1,860
  1,678
  1,511
  1,328
  1,141
  957
  783
  625
  486
  368
  272
  195
  135
  91
  60
  38
  23
  14
  8
  4
  2
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Nexstar Media Group, Inc., formerly Nexstar Broadcasting Group, Inc., is a television broadcasting and digital media company. The Company is focused on the acquisition, development and operation of television stations and interactive community Websites, and digital media services in medium-sized markets in the United States. The Company's segments include Broadcasting and Other. The Company's broadcast segment includes television stations and related community-focused Websites that it owns, operates, programs or provides sales and other services to in various markets across the United States. The other activities of the Company include corporate functions, eliminations and other operations. As of December 31, 2016, it owned, operated, programmed or provided sales and other services to 104 full power television stations in 62 markets in the states of Alabama, Arizona, Arkansas, California, Colorado, Florida, New York, Utah, Vermont, Virginia, West Virginia and Wisconsin, among others.

FINANCIAL RATIOS  of  Nexstar Media Group, Inc. (NXST)

Valuation Ratios
P/E Ratio 33.6
Price to Sales 2.8
Price to Book 18.3
Price to Tangible Book
Price to Cash Flow 12.5
Price to Free Cash Flow 27.6
Growth Rates
Sales Growth Rate 23.1%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -73.1%
Cap. Spend. - 3 Yr. Gr. Rate -11.3%
Financial Strength
Quick Ratio 2
Current Ratio 0.2
LT Debt to Equity 1369.2%
Total Debt to Equity 1395.9%
Interest Coverage 3
Management Effectiveness
Return On Assets 6.1%
Ret/ On Assets - 3 Yr. Avg. 7.1%
Return On Total Capital 4.5%
Ret/ On T. Cap. - 3 Yr. Avg. 5.2%
Return On Equity 73.6%
Return On Equity - 3 Yr. Avg. 171.7%
Asset Turnover 0.5
Profitability Ratios
Gross Margin 66.4%
Gross Margin - 3 Yr. Avg. 67.7%
EBITDA Margin 35.4%
EBITDA Margin - 3 Yr. Avg. 36.2%
Operating Margin 26%
Oper. Margin - 3 Yr. Avg. 25.5%
Pre-Tax Margin 15.5%
Pre-Tax Margin - 3 Yr. Avg. 15.7%
Net Profit Margin 8.3%
Net Profit Margin - 3 Yr. Avg. 9.1%
Effective Tax Rate 45.6%
Eff/ Tax Rate - 3 Yr. Avg. 42.1%
Payout Ratio 31.5%

NXST stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the NXST stock intrinsic value calculation we used $2767 million for the last fiscal year's total revenue generated by Nexstar Media Group, Inc.. The default revenue input number comes from 0001 income statement of Nexstar Media Group, Inc.. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our NXST stock valuation model: a) initial revenue growth rate of 22.1% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 9.2%, whose default value for NXST is calculated based on our internal credit rating of Nexstar Media Group, Inc., is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Nexstar Media Group, Inc..
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of NXST stock the variable cost ratio is equal to 16.3%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $1622 million in the base year in the intrinsic value calculation for NXST stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Nexstar Media Group, Inc..

Corporate tax rate of 27% is the nominal tax rate for Nexstar Media Group, Inc.. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the NXST stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for NXST are equal to 125.2%.

Life of production assets of 23.9 years is the average useful life of capital assets used in Nexstar Media Group, Inc. operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for NXST is equal to 11.3%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $1852.774 million for Nexstar Media Group, Inc. - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 45.783 million for Nexstar Media Group, Inc. is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Nexstar Media Group, Inc. at the current share price and the inputted number of shares is $4.6 billion.

RELATED COMPANIES Price Int.Val. Rating
SSP E.W. Scripps C 12.81 192.56  str.buy
GTN Gray Televisio 15.18 598.52  str.buy
CBS CBS Corporatio 43.63 55.79  hold
SBGI Sinclair Broad 43.87 273.14  str.buy
EVC Entravision Co 3.15 40.50  str.buy
VIAB Viacom Inc. 25.88 74.03  str.buy

CONTACT US      

About X-FIN       Privacy policy       Terms of use      

Copyright © X-FIN.com 2005-2019. All rigths reserved.