(NXST) Nexstar Broadcasting - Overview

Sector: Communication Services | Industry: Broadcasting | Exchange: NASDAQ (USA) | Market Cap: 6.002m USD | Total Return: 12.2% in 12m

Television Stations, Digital Advertising, News Networks, Local Websites
Total Rating 40
Safety 47
Buy Signal -0.21
Broadcasting
Industry Rotation: -13.4
Market Cap: 6.00B
Avg Turnover: 57.6M
Risk 3d forecast
Volatility35.6%
VaR 5th Pctl5.99%
VaR vs Median2.06%
Reward TTM
Sharpe Ratio0.39
Rel. Str. IBD24.5
Rel. Str. Peer Group28.9
Character TTM
Beta0.843
Beta Downside0.875
Hurst Exponent0.539
Drawdowns 3y
Max DD29.50%
CAGR/Max DD0.35
CAGR/Mean DD1.05
EPS (Earnings per Share) EPS (Earnings per Share) of NXST over the last years for every Quarter: "2021-03": 4.42, "2021-06": 4.33, "2021-09": 4.05, "2021-12": 6.19, "2022-03": 5.99, "2022-06": 5.56, "2022-09": 7.3, "2022-12": 5.3, "2023-03": 2.97, "2023-06": 2.64, "2023-09": 0.7, "2023-12": 3.32, "2024-03": 5.16, "2024-06": 3.54, "2024-09": 5.27, "2024-12": 5.6321, "2025-03": 3.3103, "2025-06": 3.06, "2025-09": 2.14, "2025-12": 5.4757, "2026-03": 6.6098,
EPS CAGR: 4.72%
EPS Trend: 2.6%
Last SUE: 1.75
Qual. Beats: 2
Revenue Revenue of NXST over the last years for every Quarter: 2021-03: 1113.9, 2021-06: 1131.6, 2021-09: 1157, 2021-12: 1245.838, 2022-03: 1210, 2022-06: 1245, 2022-09: 1269, 2022-12: 1486.7, 2023-03: 1257, 2023-06: 1240, 2023-09: 1132, 2023-12: 1304, 2024-03: 1284, 2024-06: 1269, 2024-09: 1366, 2024-12: 1487, 2025-03: 1234, 2025-06: 1229, 2025-09: 1198, 2025-12: 1289, 2026-03: 1396,
Rev. CAGR: 3.10%
Rev. Trend: 7.7%
Last SUE: 4.00
Qual. Beats: 2

Warnings

High Debt/EBITDA (7.0) with thin interest coverage (1.4)

Fakeout Below Avwap Earnings

Tailwinds

Confidence

Description: NXST Nexstar Broadcasting

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.

Headlines to Watch Out For
  • 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
Piotroski VR‑10 (Strict) 3.0
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 (11.88b) to EBITDA (1.70b): 6.97 < 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 0.58%; Δ 4.47k% > 0.5%)
Asset Turnover: 34.64% > 50% (prev 46.92%; Δ -12.29% > 0%)
Interest Coverage Ratio: 1.39 > 6 (EBITDA TTM 1.70b / Interest Expense TTM 402.0m)
Altman Z'' 1.50
A: 0.05 (Total Current Assets 2.28b - Total Current Liabilities 1.30b) / Total Assets 18.10b
B: 0.20 (Retained Earnings 3.64b / Total Assets 18.10b)
C: 0.04 (EBIT TTM 559.0m / Avg Total Assets 14.76b)
D: 0.23 (Book Value of Equity 3.62b / Total Liabilities 15.94b)
Altman-Z'' Score: 1.50 = BB
Beneish M -2.27
DSRI: 1.69 (Receivables 1.66b/1.03b, Revenue 5.11b/5.36b)
GMI: 1.29 (GM 45.25% / 58.48%)
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 18.10b)
Beneish M-Score: -2.27 (Cap -4..+1) = BBB
What is the price of NXST shares? As of May 20, 2026, the stock is trading at USD 188.63 with a total of 389,984 shares traded.
Over the past week, the price has changed by -3.48%, over one month by -7.32%, over three months by -18.40% and over the past year by +12.22%.
Is NXST a buy, sell or hold? 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
What are the forecasts/targets for the NXST price?
Analysts Target Price 251.6 33.4%
Nexstar Broadcasting (NXST) - Fundamental Data Overview as of 20 May 2026
P/E Trailing = 41.5518
P/E Forward = 5.5679
P/S = 1.1744
P/B = 2.7528
P/EG = 0.1785
Revenue TTM = 5.11b USD
EBIT TTM = 559.0m USD
EBITDA TTM = 1.70b USD
Long Term Debt = 11.88b USD (from longTermDebt, last quarter)
Short Term Debt = 326.0m USD (from shortTermDebt, last quarter)
Debt = 12.26b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 11.88b USD (from netDebt column, last quarter)
Enterprise Value = 17.88b USD (6.00b + Debt 12.26b - CCE 379.0m)
Interest Coverage Ratio = 1.39 (Ebit TTM 559.0m / Interest Expense TTM 402.0m)
EV/FCF = 25.25x (Enterprise Value 17.88b / FCF TTM 708.0m)
FCF Yield = 3.96% (FCF TTM 708.0m / Enterprise Value 17.88b)
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 = 0.99 (Enterprise Value 17.88b / Total Assets 18.10b)
Interest Expense / Debt = 0.98% (Interest Expense 120.0m / Debt 12.26b)
Taxrate = 44.67% (67.0m / 150.0m)
NOPAT = 309.3m (EBIT 559.0m * (1 - 44.67%))
Current Ratio = 1.76 (Total Current Assets 2.28b / Total Current Liabilities 1.30b)
Debt / Equity = 5.65 (Debt 12.26b / totalStockholderEquity, last quarter 2.17b)
Debt / EBITDA = 6.97 (Net Debt 11.88b / EBITDA 1.70b)
Debt / FCF = 16.78 (Net Debt 11.88b / FCF TTM 708.0m)
Total Stockholder Equity = 2.19b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.12% (Net Income 165.0m / Total Assets 18.10b)
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 11.88b))
RoIC = 3.09% (NOPAT 309.3m / Invested Capital 10.00b)
WACC = 3.31% (E(6.00b)/V(18.26b) * Re(8.95%) + D(12.26b)/V(18.26b) * Rd(0.98%) * (1-Tc(0.45)))
Discount Rate = 8.95% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -82.22 | Cagr: -4.10%
[DCF] Terminal Value 83.92% ; FCFF base≈894.8m ; Y1≈724.1m ; Y5≈503.0m
[DCF] Fair Price = 114.6 (EV 15.38b - Net Debt 11.88b = Equity 3.50b / Shares 30.5m; r=6.0% [WACC]; 5y FCF grow -22.89% → 3.0% )
EPS Correlation: 2.64 | EPS CAGR: 4.72% | SUE: 1.75 | # QB: 2
Revenue Correlation: 7.68 | Revenue CAGR: 3.10% | 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=+33% | GrowthEPS=+179.0% | GrowthRev=+59.3%
EPS next Year (2027-12-31): EPS=24.20 | Chg30d=+35.03% | Revisions=+33% | GrowthEPS=-29.2% | GrowthRev=-2.3%
[Analyst] Revisions Ratio: +33%