Tegna Inc Shares
The company Tegna Inc is the former Gannett Co., Inc., which received the majority of the assets during the separation. The company is a media and marketing company in the United States. It specializes in the broadcasting and digital media business. The separated company, which retained the name Gannett Co., Inc., specializes in publishing and related digital business.
The separation took place on June 29, 2015. The goal of the separation was to more effectively manage brands, clarify financials, and strategy positioning. This will provide more value to the shareholders. According to the terms of the separation, the shareholders of Gannett, who were shareholders on June 22, 2015, became shareholders of TEGNA and received one share of the new Gannett for every two TEGNA shares.
Tegna Inc owns such notable companies as Cars.com and CareerBuilder. Tegna Inc is a market leader. Its 64 independent television stations and 2 radio stations occupy 39% of the market in the United States. Additionally, the company is at the forefront of the digital media market.
It is obvious that this type of company generates most of its revenue from subscriptions and advertising.
Finances
Company finances are managed by assuming risk. Total liabilities amount to 138% of Equity. And to cover Long-term debts with Net profit in 2022 would require 4.86 years. Over the course of several years, these two indicators have greatly improved.
Tegna Inc invests exclusively within its competency framework. The average Return on Average Equity (ROAE) over 5 years is 21.88%, which is a very good return. The Return on Retained Profit is 6.74%. The company’s operations require continuous capital investments. $1 invested in LTA earns an impressive $7.24 EPS.
Profit generation indicators have significantly improved. The 10-year average annual EPS growth reached 4.61%, while the 5-year growth rate already reached 17.40%. It is not surprising considering that the average income growth rate also improved to 11.50%.
The Bankruptcy Risk Assessment Coefficient Z is equal to 7.27. This is an extremely high indicator, indicating that significant and persistent efforts are required to drive such a company into bankruptcy.
If the shareholders of the company would like to sell their shares and invest today in a 10-year US Treasury bond and receive the same return as the company provided in 2022, then the shares should be sold at $75.
Investment scoreboard:
Tegna Inc Shares
The company’s shares are listed on the NYSE stock exchange. The ticker is TGNA.
The company has a share buyback program, but for several years it has not repurchased any shares. The program has been suspended. Return to investors is provided through dividends. The company pays dividends at 13% of Net Income. However, the dividends are low and have been decreasing over the past 10 years, but the dividend yield is 2.31%.
The standard deviation of the share prices is high, reaching 30%. However, the beta indicator is only 0.62. The price calculated by the GRAPES method reaches as much as 116 USD. Particularly interesting is the PEG ratio, which is only 0.27. Overall, we have a very interesting stock for investment.
From the idea of investing in TEGNA stocks and dividends, it has already provided investors with a 52.87% or 3.91% average annual return.
The value of the stock calculated by our method appears somewhat modest in terms of risk-free yield, but it also ‘offers’ an average annual growth of even 20%+.
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