Gray Media Inc. (GTN) vs TEN Holdings, Inc. (XHLD)

Gray Media Inc. and TEN Holdings, Inc. are both Broadcasting companies. Gray Media Inc. is the larger, with a market value of $479.3M against $150.2M — 3.2× the size. Gray Media Inc. grew revenue faster over the last twelve months: −11.3% against −11.7%. Gray Media Inc. has the higher net margin (−1.84% vs −627.5%) and the higher return on invested capital (3.25% vs −915.6%). Across the 17 metrics below, Gray Media Inc. leads on 13 and TEN Holdings, Inc. on 4.

Valuation

Metric GTN XHLD Broadcasting median
P/E n/m n/m —
P/S 0.14 19.56 0.14
P/B 0.21 8.66 0.86
Price to free cash flow 3.07 n/m 6.42
EV/EBITDA 8.53 n/m 8.64
EV/Sales 1.93 17.62 1.31
Earnings yield (14.78%) (41.97%) (16.05%)
Free cash flow yield 32.53% (10.89%) 0.00%

Profitability

Metric GTN XHLD Broadcasting median
Gross margin 26.05% 74.83% 40.36%
Operating margin 13.82% (463.82%) (12.31%)
Net margin (1.84%) (627.50%) (8.55%)
Free cash flow margin 4.64% (182.99%) (0.22%)
Return on equity (2.69%) (302.77%) (5.70%)
Return on assets (0.56%) (173.20%) (5.59%)
Return on invested capital 3.25% (915.55%) (0.41%)

Growth

Metric GTN XHLD Broadcasting median
Revenue growth (TTM) (11.30%) (11.69%) (11.30%)
EPS growth (last fiscal year) (141.96%) (376.91%) —
Revenue growth, 5-year CAGR 5.39% — 1.91%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric GTN XHLD Broadcasting median
Debt to equity 2.13 0.07 0.46
Current ratio 0.95 3.01 1.41
Net debt to EBITDA 7.66 (0.23) 3.66

Dividend

Metric GTN XHLD Broadcasting median
Dividend yield 4.14% — 4.14%
Payout ratio 0.14 — 0.00

Size

Metric GTN XHLD Broadcasting median
Market cap 479.31m 150.19m 185.13m

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