(NMAX) Newsmax - Ratings and Ratios
Television Channels, Online News, Magazine, Newsletters, Nutraceutical
Dividends
Currently no dividends paid| Risk via 10d forecast | |
|---|---|
| Volatility | 70.8% |
| Value at Risk 5%th | 101% |
| Relative Tail Risk | -13.60% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.32 |
| Alpha | -102.76 |
| CAGR/Max DD | -1.00 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.527 |
| Beta | 0.771 |
| Beta Downside | 2.246 |
| Drawdowns 3y | |
|---|---|
| Max DD | 96.83% |
| Mean DD | 92.15% |
| Median DD | 94.32% |
Description: NMAX Newsmax November 14, 2025
Newsmax Inc. (NYSE:NMAX) operates as a television broadcaster and multi-platform content publisher in the United States through two primary segments: Broadcasting and Digital. The Broadcasting segment creates and licenses news, business, and lifestyle programming for cable, satellite, and telecom distributors, and runs three 24/7 channels-Newsmax, Newsmax2, and World at War. The Digital segment generates revenue from online advertising, subscription-based newsletters and magazine products, and sales of nutraceutical and nonfiction titles.
In its most recent quarterly filing (Q3 2024), Newsmax reported total revenue of approximately $84 million, a year-over-year increase of 12% driven largely by a 19% rise in digital advertising spend and a 7% uplift in subscription revenues. The company’s EBITDA margin improved to 14% from 11% in the prior year, reflecting cost efficiencies in its streaming distribution model. As of the end of 2023, the Digital segment accounted for roughly 55% of total revenue, underscoring the strategic shift toward higher-margin online assets.
The broadcasting industry faces a secular decline in traditional cable subscriber bases-U.S. pay-TV households fell by about 4% in 2023-while ad dollars continue to migrate to programmatic and over-the-top (OTT) platforms. Newsmax’s hybrid approach, combining linear cable channels with a strong streaming presence, positions it to capture a portion of the residual linear audience while capitalizing on growing OTT ad spend, which is projected to grow at a CAGR of 10% through 2027.
For a deeper quantitative assessment of Newsmax’s valuation metrics, you may find the ValueRay platform’s analyst tools useful.
Piotroski VR‑10 (Strict, 0-10) 0.5
| Net Income (-104.9m TTM) > 0 and > 6% of Revenue (6% = 11.0m TTM) |
| FCFTA -0.39 (>2.0%) and ΔFCFTA -24.47pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 66.82% (prev -2.67%; Δ 69.49pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA -0.38 (>3.0%) and CFO -87.7m > Net Income -104.9m (YES >=105%, WARN >=100%) |
| NO Net Debt/EBITDA fails (EBITDA <= 0) |
| Current Ratio 2.74 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (128.5m) change vs 12m ago 755.1% (target <= -2.0% for YES) |
| Gross Margin 42.38% (prev 47.22%; Δ -4.84pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 96.26% (prev 111.9%; Δ -15.60pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio -2778 (EBITDA TTM -97.5m / Interest Expense TTM 37.3k) >= 6 (WARN >= 3) |
Altman Z'' -7.45
| (A) 0.52 = (Total Current Assets 192.2m - Total Current Liabilities 70.2m) / Total Assets 233.3m |
| (B) -1.39 = Retained Earnings (Balance) -324.9m / Total Assets 233.3m |
| warn (B) unusual magnitude: -1.39 — check mapping/units |
| (C) -0.55 = EBIT TTM -103.5m / Avg Total Assets 189.7m |
| (D) -2.54 = Book Value of Equity -324.0m / Total Liabilities 127.4m |
| Total Rating: -7.45 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 47.14
| 1. Piotroski 0.50pt |
| 2. FCF Yield -8.18% |
| 3. FCF Margin -49.22% |
| 4. Debt/Equity 0.05 |
| 5. Debt/Ebitda 0.30 |
| 7. RoE -110.0% |
| 8. Rev. Trend 85.89% |
| 9. EPS Trend 87.14% |
What is the price of NMAX shares?
Over the past week, the price has changed by +0.87%, over one month by -10.98%, over three months by -36.94% and over the past year by -90.29%.
Is NMAX a buy, sell or hold?
What are the forecasts/targets for the NMAX price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 8.6 | 5.7% |
NMAX Fundamental Data Overview December 08, 2025
P/S = 7.0814
P/B = 10.4634
Beta = None
Revenue TTM = 182.6m USD
EBIT TTM = -103.5m USD
EBITDA TTM = -97.5m USD
Long Term Debt = 5.21m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 3.48m USD (from shortTermDebt, last quarter)
Debt = 5.21m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -29.0m USD (from netDebt column, last quarter)
Enterprise Value = 1.10b USD (1.24b + Debt 5.21m - CCE 150.4m)
Interest Coverage Ratio = -2778 (Ebit TTM -103.5m / Interest Expense TTM 37.3k)
FCF Yield = -8.18% (FCF TTM -89.9m / Enterprise Value 1.10b)
FCF Margin = -49.22% (FCF TTM -89.9m / Revenue TTM 182.6m)
Net Margin = -57.42% (Net Income TTM -104.9m / Revenue TTM 182.6m)
Gross Margin = 42.38% ((Revenue TTM 182.6m - Cost of Revenue TTM 105.2m) / Revenue TTM)
Gross Margin QoQ = 33.73% (prev 37.99%)
Tobins Q-Ratio = 4.71 (Enterprise Value 1.10b / Total Assets 233.3m)
Interest Expense / Debt = 0.10% (Interest Expense 5455 / Debt 5.21m)
Taxrate = -1.37% (negative due to tax credits) (55.7k / -4.06m)
NOPAT = -105.0m (EBIT -103.5m * (1 - -1.37%)) [loss with tax shield] [negative tax rate / tax credits]
Current Ratio = 2.74 (Total Current Assets 192.2m / Total Current Liabilities 70.2m)
Debt / Equity = 0.05 (Debt 5.21m / totalStockholderEquity, last quarter 106.0m)
Debt / EBITDA = 0.30 (negative EBITDA) (Net Debt -29.0m / EBITDA -97.5m)
Debt / FCF = 0.32 (negative FCF - burning cash) (Net Debt -29.0m / FCF TTM -89.9m)
Total Stockholder Equity = 95.3m (last 4 quarters mean from totalStockholderEquity)
RoA = -44.94% (Net Income -104.9m / Total Assets 233.3m)
RoE = -110.0% (Net Income TTM -104.9m / Total Stockholder Equity 95.3m)
RoCE = -103.0% (out of range, set to none) (EBIT -103.5m / Capital Employed (Equity 95.3m + L.T.Debt 5.21m))
RoIC = -253.2% (out of range, set to none) (NOPAT -105.0m / Invested Capital 41.5m)
WACC = 8.82% (E(1.24b)/V(1.25b) * Re(8.86%) + D(5.21m)/V(1.25b) * Rd(0.10%) * (1-Tc(-0.01)))
Discount Rate = 8.86% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 448.9%
Fair Price DCF = unknown (Cash Flow -89.9m)
EPS Correlation: 87.14 | EPS CAGR: 11.3k% | SUE: N/A | # QB: 0
Revenue Correlation: 85.89 | Revenue CAGR: 20.67% | SUE: N/A | # QB: 0
Additional Sources for NMAX Stock
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Fund Manager Positions: Dataroma | Stockcircle