$Nexstar Media Group (NXST.US)$🎯 As of 2024.3.24, the curre...

New data: Q4 2023, revenue, operating profit, and net income all declined significantly, but quarter-on-quarter has begun to recover.

In 2023, revenue shrank by 5.3%, operating profit shrunk by 48.6% due to the decline in gross margin, significant increase in depreciation, amortization, and losses, while interest expenses continued to increase significantly, accounting for 60% of operating profit. Net income shrunk by 71.4%.

The asset-liability ratio increased from 78% to 80.9% while total assets continued to shrink. Goodwill and other intangible assets of 8 billion are 3.5 times the net assets of 2.313 billion. Long-term borrowings remained relatively stable at 6.713 billion. Treasury stock increased from 1.607 billion to 2.173 billion, with a 9.2% decrease in common stock quantity.

Operating cash flow net amount is significantly higher than investment net amount, resulting in the operating cash flow net amount of the past five years finally slightly higher than the investment net amount.

Currently, the PE ratio is 17.1, with a 5-year average net income of 0.64 billion corresponding to a PE ratio of 8.6, dividend yield of 3.2%. Overall, the valuation appears to be within a reasonable range, no adjustments will be made for now.