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Nexstar Broadcasting Group Inc (NXST)



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Upturn Advisory Summary
04/04/2025: NXST (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type Stock | Historic Profit -37.69% | Avg. Invested days 26 | Today’s Advisory WEAK BUY |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 4.68B USD | Price to earnings Ratio 7.17 | 1Y Target Price 199.47 |
Price to earnings Ratio 7.17 | 1Y Target Price 199.47 | ||
Volume (30-day avg) 673074 | Beta 1.08 | 52 Weeks Range 142.49 - 187.60 | Updated Date 04/6/2025 |
52 Weeks Range 142.49 - 187.60 | Updated Date 04/6/2025 | ||
Dividends yield (FY) 4.84% | Basic EPS (TTM) 21.41 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 13.35% | Operating Margin (TTM) 30.13% |
Management Effectiveness
Return on Assets (TTM) 7% | Return on Equity (TTM) 29.82% |
Valuation
Trailing PE 7.17 | Forward PE 9.89 | Enterprise Value 11064298765 | Price to Sales(TTM) 0.87 |
Enterprise Value 11064298765 | Price to Sales(TTM) 0.87 | ||
Enterprise Value to Revenue 2.05 | Enterprise Value to EBITDA 5 | Shares Outstanding 30509200 | Shares Floating 28422986 |
Shares Outstanding 30509200 | Shares Floating 28422986 | ||
Percent Insiders 6.61 | Percent Institutions 99.51 |
Analyst Ratings
Rating 4.3 | Target Price 197.5 | Buy 1 | Strong Buy 6 |
Buy 1 | Strong Buy 6 | ||
Hold 3 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Nexstar Broadcasting Group Inc

Company Overview
History and Background
Nexstar Broadcasting Group, Inc. was founded in 1996. It has grown through acquisitions and strategic partnerships to become one of the largest local television broadcasting groups in the United States.
Core Business Areas
- Broadcasting: Owns, operates, programs, or provides sales and other services to television stations reaching households across the U.S.
- Digital: Operates digital media properties, including websites and mobile applications associated with its television stations.
- Networks: Operates multicast networks such as Antenna TV and Rewind TV
Leadership and Structure
Perry A. Sook is the Chairman and Chief Executive Officer. The company has a typical corporate structure with various executive vice presidents overseeing different divisions.
Top Products and Market Share
Key Offerings
- Estimated Revenue Contribution: Broadcasting contributes the largest amount to the total revenue.
- Local Television Broadcasting: Provides local news, information, and entertainment through owned and operated television stations. Market share information is challenging to pinpoint precisely due to varying market definitions, but Nexstar is a major player. Competitors include Sinclair Broadcast Group, TEGNA, and Gray Television.
- Digital Media: Operates websites and mobile apps affiliated with its television stations, providing news, weather, and other local content. It monetizes through advertising. Competitors include local news websites and aggregators.
- Estimated Revenue Contribution: Digital makes up a portion of total revenue.
- Multicast Networks: Nexstar operates multicast networks. These networks generate revenue through advertising. Compete with other multicast and broadcast networks.
Market Dynamics
Industry Overview
The broadcasting industry is evolving with the rise of streaming services and digital media. Linear TV viewership is declining, but local news remains important.
Positioning
Nexstar is positioned as a leading local broadcaster with a strong focus on news and community content. It benefits from its scale and geographic diversity.
Total Addressable Market (TAM)
The U.S. TV advertising market is estimated to be substantial. Nexstar aims to capture a significant share of this market through its local stations and digital platforms.
Upturn SWOT Analysis
Strengths
- Large portfolio of local television stations
- Strong focus on local news
- Experienced management team
- Diversified revenue streams
Weaknesses
- Reliance on advertising revenue
- Vulnerability to economic downturns
- Competition from streaming services
- High debt levels
Opportunities
- Growth in digital advertising
- Expansion of multicast networks
- Acquisitions of additional stations
- Partnerships with content providers
Threats
- Declining linear TV viewership
- Increased competition from digital media
- Changes in FCC regulations
- Economic recession
Competitors and Market Share
Key Competitors
- SBGI
- TGNA
- GRAY
Competitive Landscape
Nexstar's size and geographic diversity give it an advantage. It faces competition from other broadcast groups and digital media companies.
Major Acquisitions
Tribune Media
- Year: 2019
- Acquisition Price (USD millions): 7200
- Strategic Rationale: Expanded Nexstar's footprint into key markets and added significant news production capabilities.
Growth Trajectory and Initiatives
Historical Growth: Nexstar has grown significantly through acquisitions and organic growth in its digital business.
Future Projections: Analyst estimates suggest continued growth, particularly in digital revenue. Forecasts depend on the overall economic climate.
Recent Initiatives: Focus on expanding digital offerings, improving local news content, and optimizing station operations.
Summary
Nexstar Broadcasting Group is a dominant player in local broadcasting with a strong presence across the US. The company benefits from its diversified revenue streams. However, the declining linear TV viewership is a major challenge, and it must continue to develop its digital offerings to thrive. The company's high debt load is also a concern.
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Sources and Disclaimers
Data Sources:
- Nexstar Broadcasting Group Investor Relations
- SEC Filings
- Industry Reports
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Market conditions and company performance are subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Nexstar Broadcasting Group Inc
Exchange NASDAQ | Headquaters Irving, TX, United States | ||
IPO Launch date 2003-11-24 | Founder, Chairman & CEO Mr. Perry A. Sook | ||
Sector Communication Services | Industry Broadcasting | Full time employees 11773 | Website https://www.nexstar.tv |
Full time employees 11773 | Website https://www.nexstar.tv |
Nexstar Media Group, Inc. operates as a diversified media company that produces and distributes local and national news, sports, and entertainment contents on the television and digital platforms in the United States. It owns, operates, programs, or provides sales and other services to power television and radio stations; and provides television programming services. The company offers video and display advertising platforms through its own and various third party websites, mobile and over-the-top applications, digital media solutions to media publishers and advertisers, and a consumer product reviews platform. In addition, it owns NewsNation, a national cable news network; and WGN-AM, a Chicago radio station, as well as owns and operates digital multicast networks. Further, its digital assets include local websites, mobile applications, connected television applications, free-ad supported television channels from The CW and The Hill, BestReviews, and advertising solutions. Additionally, the company engages in the digital business; and management of real estate assets, including leasing of owned office and production facilities. Its stations are affiliates of ABC, NBC, FOX, CBS, The CW, MyNetworkTV, and other broadcast television networks. The company was formerly known as Nexstar Broadcasting Group, Inc. and changed its name to Nexstar Media Group, Inc. in January 2017. Nexstar Media Group, Inc. was founded in 1996 and is headquartered in Irving, Texas.
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