Company Valuation: Gray Media, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,896 1,019 827.8 330.2 521.9 450.7 - -
Change - -46.25% -18.77% -60.11% 58.06% -13.65% - -
Enterprise Value (EV) 1,896 7,413 827.8 5,816 521.9 450.7 450.7 450.7
Change - 290.94% -88.83% 602.58% -91.03% -13.65% 0% 0%
P/E 50.4x 2.58x -6.45x 0.94x -3.43x 1.97x -6.03x 1.7x
PBR - - - 0.15x 0.22x 0.19x - -
PEG - 0x 0x -0x 0x -0x 0x -0x
Capitalization / Revenue 0.79x 0.28x 0.25x 0.09x 0.17x 0.12x 0.14x 0.12x
EV / Revenue 0x 0x 0x 0x 0x 0.12x 0.14x 0.12x
EV / EBITDA 0x 0x 0x 0x 0x 0.42x 0.69x 0.4x
EV / EBIT 0x 0x 0x 0x 0x 0.55x 1.14x 0.52x
EV / FCF 0x 0x 0x 0x 0x 1.26x 8.51x 0.99x
FCF Yield 4.9% 38.6% 36.2% 184% 34.7% 79.6% 11.8% 101%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.4 4.33 -1.39 3.36 -1.41 2.27 -0.7433 2.63
Distribution rate - - - - - - - -
Net sales 1 2,413 3,676 3,281 3,644 3,095 3,633 3,214 3,704
EBITDA 1 739 1,356 742 1,162 670 1,062 649.3 1,139
EBIT 1 381 990 383 851 392 816.4 394.9 859.7
Net income 1 38 403 -128 323 -137 226.3 -76 268
Net Debt - 6,394 - 5,486 - - - -
Reference price 2 20.160 11.190 8.960 3.150 4.840 4.480 4.480 4.480
Nbr of stocks (in thousands) 94,647 91,259 92,699 95,371 96,792 98,084 - -
Announcement Date 2/25/22 2/24/23 2/23/24 2/27/25 2/26/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.24x2.24x10.02x1.37% 189B
11.07x1.51x6.5x0.89% 25.99B
9.04x2.15x6.99x4.03% 9.05B
17.91x1.91x20.36x1.69% 5.75B
16.07x0.76x6.02x7.41% 5.2B
5.19x2.01x5.63x4.46% 5.11B
12.76x1.06x8.05x1.54% 4.52B
7.57x0.98x3.12x4.05% 4.39B
43.53x - - 2.06% 4.16B
Average 15.82x 1.58x 8.34x 3.06% 28.16B
Weighted average by Cap. 17.74x 2.08x 9.45x 1.67%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Gray Media, Inc.

Historical PBR trend

Valuation ratios - PBR - Gray Media, Inc.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Gray Media, Inc.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Gray Media, Inc.