TEGNA Inc. operates television stations that produce local programming, such as news, sports, and entertainment; and affiliated online sites. The company was founded in 1906 and is based in McLean, Virginia.
TGNA Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Tegna Inc. To summarize, we found that Tegna Inc ranked in the 52th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. The most interesting components of our discounted cash flow analysis for Tegna Inc ended up being:
The company's balance sheet shows it gets 46% of its capital from equity, and 54% of its capital from debt. Its equity weight surpasses that of only 20.78% of free cash flow generating stocks in the Consumer Cyclical sector.
The company's compound free cash flow growth rate over the past 5.52 years comes in at -0.04%; that's greater than only 19.95% of US stocks we're applying DCF forecasting to.
Tegna Inc's weighted average cost of capital (WACC) is 8%; for context, that number is higher than merely 15.85% of tickers in our DCF set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
Want more companies with a valuation profile/forecast similar to that of Tegna Inc? See CMPR, GPC, HD, ROST, and FOSL.
TEGNA (TGNA) and FreeWheel, a Comcast Company (CMCSA) has signed a new multi-year deal to further transform and automate TEGNA’s buyers and sellers transaction, including through CTV/OTT advertising platform Premion. The company will continue working with FreeWheel to help enhance business operations in several different ways, including using FreeWheel’s Strata...
Shares of Tegna rallied almost 9% on Wednesday after the broadcasting and digital media company reported better-than-expected preliminary 4Q results and reinitiated its share repurchase program. Tegna is scheduled to report its 4Q results on March 1, 2021. Tegna (TGNA) expects 4Q revenues to generate between $932 million and $937 million, reflecting a year-over-year increase of 34%-35%. Double-digit growth in sales reflects strong subscription revenues and benefits from political advertising, the company noted. The fourth-quarter revenue forecast range compared favorably to Street estimates of about $898 million. For 2020, the company projects to report revenues of between $2.932-$2.937 billion, an increase of 27%-28% year-on-year. Analysts had been looking for $2.