(NXST) Nexstar Broadcasting - Overview
Stock: Television Stations, NewsNation, WGN-AM, Digital Ads, BestReviews
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 4.20% |
| Yield on Cost 5y | 8.87% |
| Yield CAGR 5y | 27.67% |
| Payout Consistency | 100.0% |
| Payout Ratio | 87.4% |
| Risk 5d forecast | |
|---|---|
| Volatility | 33.3% |
| Relative Tail Risk | -5.49% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.30 |
| Alpha | 36.41 |
| Character TTM | |
|---|---|
| Beta | 0.815 |
| Beta Downside | 1.105 |
| Drawdowns 3y | |
|---|---|
| Max DD | 32.82% |
| CAGR/Max DD | 0.25 |
Description: NXST Nexstar Broadcasting January 10, 2026
Nexstar Media Group, Inc. (NASDAQ: NXST) is a diversified U.S. media company that owns, operates, and programs a nationwide portfolio of television and radio stations, as well as a suite of digital properties. Its assets include local news, sports, and entertainment broadcasts; the national cable news network NewsNation; the Chicago radio station WGN-AM; and a range of digital platforms such as local websites, mobile apps, OTT services, and the consumer-review site BestReviews. The company also provides advertising sales and technology solutions to third-party publishers and advertisers, and it manages real-estate assets tied to its broadcast facilities.
Key quantitative metrics (FY 2023) show Nexstar generated roughly **$5.3 billion in revenue** with an **adjusted EBITDA margin of ~13 %**, reflecting the high-margin nature of local broadcast advertising. The firm operates **≈197 TV stations** across the major U.S. networks (ABC, NBC, FOX, CBS, The CW, MyNetworkTV), giving it a market-reach of about **60 % of U.S. households**. Recent sector drivers include the rebound in local ad spend after the pandemic slowdown, the ongoing shift of viewers to free-ad-supported OTT channels (which Nexstar supplies through its digital multicast networks), and the broader industry trend of consolidation that has enabled Nexstar to negotiate stronger retransmission consent fees. A material uncertainty is the pace at which cord-cutting erodes traditional broadcast viewership versus the monetization potential of Nexstar’s growing OTT inventory.
If you want a data-rich, forward-looking view of how these dynamics could affect Nexstar’s valuation, a quick look at ValueRay’s analyst toolkit may be worth your time.
Piotroski VR‑10 (Strict, 0-10) 7.5
| Net Income: 517.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA 1.26 > 1.0 |
| NWC/Revenue: 12.59% < 20% (prev 11.01%; Δ 1.58% < -1%) |
| CFO/TA 0.10 > 3% & CFO 1.11b > Net Income 517.0m |
| Net Debt (6.43b) to EBITDA (2.28b): 2.82 < 3 |
| Current Ratio: 1.87 > 1.5 & < 3 |
| Outstanding Shares: last quarter (30.7m) vs 12m ago -5.38% < -2% |
| Gross Margin: 53.03% > 18% (prev 0.58%; Δ 5245 % > 0.5%) |
| Asset Turnover: 44.88% > 50% (prev 44.67%; Δ 0.21% > 0%) |
| Interest Coverage Ratio: 2.79 > 6 (EBITDA TTM 2.28b / Interest Expense TTM 392.0m) |
Altman Z'' 2.55
| A: 0.06 (Total Current Assets 1.39b - Total Current Liabilities 745.0m) / Total Assets 11.25b |
| B: 0.33 (Retained Earnings 3.77b / Total Assets 11.25b) |
| C: 0.10 (EBIT TTM 1.09b / Avg Total Assets 11.47b) |
| D: 0.42 (Book Value of Equity 3.76b / Total Liabilities 8.96b) |
| Altman-Z'' Score: 2.55 = A |
Beneish M -3.02
| DSRI: 1.01 (Receivables 1.01b/1.02b, Revenue 5.15b/5.22b) |
| GMI: 1.09 (GM 53.03% / 57.82%) |
| AQI: 0.97 (AQ_t 0.75 / AQ_t-1 0.77) |
| SGI: 0.99 (Revenue 5.15b / 5.22b) |
| TATA: -0.05 (NI 517.0m - CFO 1.11b) / TA 11.25b) |
| Beneish M-Score: -3.02 (Cap -4..+1) = AA |
What is the price of NXST shares?
Over the past week, the price has changed by +4.19%, over one month by +7.05%, over three months by +18.04% and over the past year by +52.09%.
Is NXST a buy, sell or hold?
- StrongBuy: 6
- Buy: 1
- Hold: 3
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the NXST price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 230.5 | 4.2% |
| Analysts Target Price | 230.5 | 4.2% |
| ValueRay Target Price | 262.7 | 18.7% |
NXST Fundamental Data Overview February 03, 2026
P/E Forward = 8.3056
P/S = 1.2513
P/B = 2.8174
P/EG = 0.5789
Revenue TTM = 5.15b USD
EBIT TTM = 1.09b USD
EBITDA TTM = 2.28b USD
Long Term Debt = 6.25b USD (from longTermDebt, last quarter)
Short Term Debt = 152.0m USD (from shortTermDebt, last quarter)
Debt = 6.66b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 6.43b USD (from netDebt column, last quarter)
Enterprise Value = 12.87b USD (6.44b + Debt 6.66b - CCE 236.0m)
Interest Coverage Ratio = 2.79 (Ebit TTM 1.09b / Interest Expense TTM 392.0m)
EV/FCF = 13.09x (Enterprise Value 12.87b / FCF TTM 983.0m)
FCF Yield = 7.64% (FCF TTM 983.0m / Enterprise Value 12.87b)
FCF Margin = 19.09% (FCF TTM 983.0m / Revenue TTM 5.15b)
Net Margin = 10.04% (Net Income TTM 517.0m / Revenue TTM 5.15b)
Gross Margin = 53.03% ((Revenue TTM 5.15b - Cost of Revenue TTM 2.42b) / Revenue TTM)
Gross Margin QoQ = 37.23% (prev 54.68%)
Tobins Q-Ratio = 1.14 (Enterprise Value 12.87b / Total Assets 11.25b)
Interest Expense / Debt = 1.41% (Interest Expense 94.0m / Debt 6.66b)
Taxrate = 32.29% (31.0m / 96.0m)
NOPAT = 740.1m (EBIT 1.09b * (1 - 32.29%))
Current Ratio = 1.87 (Total Current Assets 1.39b / Total Current Liabilities 745.0m)
Debt / Equity = 2.91 (Debt 6.66b / totalStockholderEquity, last quarter 2.29b)
Debt / EBITDA = 2.82 (Net Debt 6.43b / EBITDA 2.28b)
Debt / FCF = 6.54 (Net Debt 6.43b / FCF TTM 983.0m)
Total Stockholder Equity = 2.26b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.51% (Net Income 517.0m / Total Assets 11.25b)
RoE = 22.86% (Net Income TTM 517.0m / Total Stockholder Equity 2.26b)
RoCE = 12.84% (EBIT 1.09b / Capital Employed (Equity 2.26b + L.T.Debt 6.25b))
RoIC = 8.50% (NOPAT 740.1m / Invested Capital 8.70b)
WACC = 4.87% (E(6.44b)/V(13.10b) * Re(8.92%) + D(6.66b)/V(13.10b) * Rd(1.41%) * (1-Tc(0.32)))
Discount Rate = 8.92% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -5.32%
[DCF Debug] Terminal Value 86.70% ; FCFF base≈939.8m ; Y1≈975.1m ; Y5≈1.11b
Fair Price DCF = 876.9 (EV 33.02b - Net Debt 6.43b = Equity 26.59b / Shares 30.3m; r=5.90% [WACC]; 5y FCF grow 3.93% → 2.90% )
EPS Correlation: -50.00 | EPS CAGR: -54.05% | SUE: -3.53 | # QB: 0
Revenue Correlation: 6.23 | Revenue CAGR: -1.04% | SUE: -0.10 | # QB: 0
EPS next Quarter (2026-03-31): EPS=4.42 | Chg30d=+0.018 | Revisions Net=+1 | Analysts=5
EPS next Year (2026-12-31): EPS=25.29 | Chg30d=+0.430 | Revisions Net=+1 | Growth EPS=+106.8% | Growth Revenue=+10.3%