(NXST) Nexstar Broadcasting - Overview
Sector: Communication Services | Industry: Broadcasting | Exchange: NASDAQ (USA) | Market Cap: 5.449m USD | Total Return: 12.3% in 12m
Avg Turnover: 65.2M
EPS Trend: 37.7%
Qual. Beats: 2
Rev. Trend: 11.6%
Qual. Beats: 2
Warnings
High Debt/EBITDA (7.0) with thin interest coverage (1.4)
Below Avwap Earnings
Tailwinds
Confidence
Nexstar Media Group (NXST) is the largest local television station operator in the United States, managing a portfolio of stations affiliated with major networks including NBC, CBS, ABC, and FOX. The company operates a diversified media model that integrates traditional linear broadcasting with digital assets, including The CW Network, NewsNation, and a suite of over 100 local websites and mobile applications.
The broadcasting sector relies heavily on a dual-revenue stream consisting of cyclical advertising sales and steady retransmission consent fees paid by cable and satellite providers. As a major affiliate owner, Nexstar benefits from local news dominance, which typically commands higher advertising premiums than syndicated entertainment content.
Analyzing historical cash flow and debt obligations can provide further insight into the companys valuation on ValueRay. Nexstar continues to expand its reach through the acquisition of independent stations and the development of digital multicast networks to capture shifting viewer demographics.
- Political advertising cycles drive significant biennial fluctuations in free cash flow
- Retransmission consent fee negotiations impact long-term recurring revenue stability
- The CW Network profitability trajectory influences overall consolidated EBITDA margins
- FCC ownership cap regulations limit future domestic television station acquisition growth
- Linear television cord-cutting trends pressure core advertising and distribution revenue bases
| Net Income: 165.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA -6.38 > 1.0 |
| NWC/Revenue: 19.23% < 20% (prev 11.15%; Δ 8.08% < -1%) |
| CFO/TA 0.05 > 3% & CFO 843.0m > Net Income 165.0m |
| Net Debt (11.9b) to EBITDA (1.70b): 7.00 < 3 |
| Current Ratio: 1.76 > 1.5 & < 3 |
| Outstanding Shares: last quarter (31.2m) vs 12m ago 0.77% < -2% |
| Gross Margin: 45.25% > 18% (prev 58.48%; Δ -13.23% > 0.5%) |
| Asset Turnover: 34.64% > 50% (prev 46.92%; Δ -12.29% > 0%) |
| Interest Coverage Ratio: 1.39 > 6 (EBIT TTM 559.0m / Interest Expense TTM 402.0m) |
| A: 0.05 (Total Current Assets 2.28b - Total Current Liabilities 1.30b) / Total Assets 18.1b |
| B: 0.20 (Retained Earnings 3.64b / Total Assets 18.1b) |
| C: 0.04 (EBIT TTM 559.0m / Avg Total Assets 14.8b) |
| D: 0.14 (Book Value of Equity 2.17b / Total Liabilities 15.9b) |
| Altman-Z'' = 1.41 = BB |
| DSRI: 1.69 (Receivables 1.66b/1.03b, Revenue 5.11b/5.36b) |
| GMI: 1.29 (GM 58.48% / 45.25%) |
| AQI: 1.00 (AQ_t 0.77 / AQ_t-1 0.77) |
| SGI: 0.95 (Revenue 5.11b / 5.36b) |
| TATA: -0.04 (NI 165.0m - CFO 843.0m) / TA 18.1b) |
| Beneish M = -2.23 (Cap -4..+1) = BBB |
As of June 03, 2026, the stock is trading at USD 181.20 with a total of 250,621 shares traded.
Over the past week, the price has changed by -3.63%,
over one month by -8.17%,
over three months by -26.01% and
over the past year by +12.29%.
Nexstar Broadcasting has received a consensus analysts rating of 4.30. Therefore, it is recommended to buy NXST.
- StrongBuy: 6
- Buy: 1
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 251.6 | 38.9% |
P/E Trailing = 37.723
P/E Forward = 5.2743
P/S = 1.1061
P/B = 2.6076
P/EG = 0.1691
Revenue TTM = 5.11b USD
EBIT TTM = 559.0m USD
EBITDA TTM = 1.70b USD
Long Term Debt = 11.9b USD (from longTermDebt, last quarter)
Short Term Debt = 326.0m USD (from shortTermDebt, last quarter)
Debt = 12.3b USD (from shortLongTermDebtTotal, last quarter) + Leases 52.0m
Net Debt = 11.9b USD (calculated: Debt 12.3b - CCE 379.0m)
Enterprise Value = 17.4b USD (5.45b + Debt 12.3b - CCE 379.0m)
Interest Coverage Ratio = 1.39 (Ebit TTM 559.0m / Interest Expense TTM 402.0m)
EV/FCF = 24.55x (Enterprise Value 17.4b / FCF TTM 708.0m)
FCF Yield = 4.07% (FCF TTM 708.0m / Enterprise Value 17.4b)
FCF Margin = 13.85% (FCF TTM 708.0m / Revenue TTM 5.11b)
Net Margin = 3.23% (Net Income TTM 165.0m / Revenue TTM 5.11b)
Gross Margin = 45.25% ((Revenue TTM 5.11b - Cost of Revenue TTM 2.80b) / Revenue TTM)
Gross Margin QoQ = 47.56% (prev 41.19%)
Tobins Q-Ratio = 0.96 (Enterprise Value 17.4b / Total Assets 18.1b)
Interest Expense / Debt = 3.27% (Interest Expense 402.0m / Debt 12.3b)
Taxrate = 11.52% (19.0m / 165.0m)
NOPAT = 494.6m (EBIT 559.0m * (1 - 11.52%))
Current Ratio = 1.76 (Total Current Assets 2.28b / Total Current Liabilities 1.30b)
Debt / Equity = 5.68 (Debt 12.3b / totalStockholderEquity, last quarter 2.17b)
Debt / EBITDA = 7.00 (Net Debt 11.9b / EBITDA 1.70b)
Debt / FCF = 16.85 (Net Debt 11.9b / FCF TTM 708.0m)
Total Stockholder Equity = 2.19b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.12% (Net Income 165.0m / Total Assets 18.1b)
RoE = 7.52% (Net Income TTM 165.0m / Total Stockholder Equity 2.19b)
RoCE = 3.97% (EBIT 559.0m / Capital Employed (Equity 2.19b + L.T.Debt 11.9b))
RoIC = 2.93% (NOPAT 494.6m / Invested Capital 16.9b)
WACC = 4.72% (E(5.45b)/V(17.8b) * Re(8.85%) + D(12.3b)/V(17.8b) * Rd(3.27%) * (1-Tc(0.12)))
Discount Rate = 8.85% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -82.22 | Cagr: -4.10%
[DCF] Terminal Value 73.10% ; FCFF base≈894.8m ; Y1≈784.7m ; Y5≈634.0m
[DCF] Fair Price = N/A (negative equity: EV 10.2b - Net Debt 11.9b = -1.75b; debt exceeds intrinsic value)
EPS Correlation: 37.67 | EPS CAGR: 8.67% | SUE: 1.74 | # QB: 2
Revenue Correlation: 11.65 | Revenue CAGR: 0.42% | SUE: 4.0 | # QB: 2
EPS current Quarter (2026-06-30): EPS=7.47 | Chg30d=+29.02% | Revisions=+20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=8.83 | Chg30d=+50.43% | Revisions=+20% | Analysts=1
EPS current Year (2026-12-31): EPS=34.19 | Chg30d=+34.03% | Revisions=+43% | GrowthEPS=+179.0% | GrowthRev=+59.3%
EPS next Year (2027-12-31): EPS=24.20 | Chg30d=+35.03% | Revisions=+43% | GrowthEPS=-29.2% | GrowthRev=-2.3%
[Analyst] Revisions Ratio: +43%