Nexstar Media's Q4 results were disappointing with missed EPS and revenue estimates, and lower than expected EBITDA guidance for 2024. However, analysts predict an improvement in Nexstar Media's cash profitability over the next year.
While Nexstar Media Group's ROE is commendable, the company's high debt level is a concern. High debt increases risk and reduces future options for the company. Despite the decent ROE, the high debt level is not too exciting to see.
Despite Nexstar's share slump and EPS drop, persistent revenue growth and high shareholder return may indicate a positive long-term trend for Nexstar Media Group.
MACRO Fed Is Likely to Shy Away From Calling Interest-Rate Peak Next Week Federal Reserve Chairman Jerome Powell and his colleagues will likely shy away from signaling they’re done raising interest rates when they meet next week. With inflation still above its 2% target and economic growth solid, US central bankers will probably retain a bias toward tighter policy at their September 19-20 meeting even as they hold rat...
Nexstar Media Group股票讨论区
新增数据:23Q4,营收、营业利润和净利润均大幅下滑,不过环比已经开始回升。
2023年营收萎缩5.3%,营业利润受毛利率下滑以及折旧摊销及损耗大幅增长影响萎缩48.6%,利息费用继续大幅增长,占到营业利润的60%,净利润萎缩71.4%。
资产负债率从78%提高到80.9%的同时总资产继续萎缩,商誉及其他无形资产80亿是23.13亿净资产的3.5倍,长期借款67.13亿变化不大。库存股从16.07亿增加到 21.73亿,普通股数量减少了9.2%。
现金流经营净额大幅高于投资净额,使得近5年现金流经营净额终于略高于投资净额。
目前市盈率17.1,5年平均净利6.4亿对应市盈率为8.6,股息率3.2%,综合来看估值在合理范围,暂不做调整。
Burry’s top 15 positions in his portfolio according to his most recent 13f filing:
$京东(JD.US)$ : 6.11%
$HCA医疗(HCA.US)$ : 5.72%
$甲骨文(ORCL.US)$ : 5.57%
$花旗集团(C.US)$ : 5.44%
$西维斯健康(CVS.US)$ : 5.43%
$Nexstar Media Group(NXST.US)$ : 5.39%
$谷歌-A(GOOGL.US)$ : 5.17%
$Star Bulk Carriers(SBLK.US)$ : 4.95%
$亚马逊(AMZN.US)$ : 4.82%
$美高梅(MGM.US)$ : 4.72%
$Booking Holdings(BKNG.US)$ : 4.69%
$Advance Auto Parts(AAP.US)$ : 4.52%
$Warner Bros Discovery(WBD.US)$ : 4.51%...
Michael Burry Portfolio
$阿里巴巴(BABA.US)$$京东(JD.US)$$HCA医疗(HCA.US)$$甲骨文(ORCL.US)$$花旗集团(C.US)$
$西维斯健康(CVS.US)$$Nexstar Media Group(NXST.US)$$谷歌-C(GOOG.US)$$Star Bulk Carriers(SBLK.US)$$亚马逊(AMZN.US)$$美高梅(MGM.US)$$Booking Holdings(BKNG.US)$$Advance Auto Parts(AAP.US)$$Warner Bros Discovery(WBD.US)$$Vital Energy(VTLE.US)$$Block(SQ.US)$$布鲁克(BRKR.US)$$Toast(TOST.US)$
新增数据:2023Q2,Q3,营收持续下滑,营业利润大幅下滑3个季度,净利润大幅下滑4个季度
2023前3季度营收萎缩2.6%,营业利润受成本和费用尤其是折旧费用暴增影响萎缩52.1%,净利润萎缩78%,其中利息费用占营业利润的66%,利息负担极重,Q3如果没有股权收益已经被利息压成亏损。
资产负债表显示长期借款达到67.42亿,是23.46亿净资产的2.9倍,如果考虑到还有29.65亿的商誉,杠杆率极高。
即使面对即将亏损的情况依然在回购股票,库存股从年初的16.07亿增加到了20.84亿,公司真的找不到可以合理使用现金的地方了吗?
现金流经营净额大幅高过投资净额,这可能是回购股票的信心所在,但是高息环境下不去减少负债而是加大回购,明显增加了风险。
目前仓位并不重,暂时不做调整,看看管理层决策是否能够被业绩证明。
Bought $47M of puts on $iShares费城交易所半导体ETF(SOXX.US)$
This makes up almost half of his entire portfolio.
Look out below.
Top 5 new positions include
$iShares费城交易所半导体ETF(SOXX.US)$ Put*
$Booking Holdings(BKNG.US)$ Put*
$Stellantis NV(STLA.US)$
$Nexstar Media Group(NXST.US)$
$Star Bulk Carriers(SBLK.US)$
专栏Wall Street Today | Chip Designer Arm Jumps 25% in Debut Win for Owner SoftBank
Fed Is Likely to Shy Away From Calling Interest-Rate Peak Next Week
Federal Reserve Chairman Jerome Powell and his colleagues will likely shy away from signaling they’re done raising interest rates when they meet next week.
With inflation still above its 2% target and economic growth solid, US central bankers will probably retain a bias toward tighter policy at their September 19-20 meeting even as they hold rat...
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