Contrasting TEGNA (TGNA) and The Competition

TEGNA (NYSE: TGNA) is one of 17 publicly-traded companies in the “Television Broadcasting” industry, but how does it compare to its peers? We will compare TEGNA to related businesses based on the strength of its earnings, analyst recommendations, dividends, valuation, profitability, risk and institutional ownership.

Analyst Ratings

This is a breakdown of current recommendations and price targets for TEGNA and its peers, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
TEGNA 1 6 4 0 2.27
TEGNA Competitors 87 564 518 5 2.38

TEGNA currently has a consensus target price of $18.44, suggesting a potential upside of 47.56%. As a group, “Television Broadcasting” companies have a potential upside of 22.06%. Given TEGNA’s higher probable upside, research analysts clearly believe TEGNA is more favorable than its peers.

Insider and Institutional Ownership

97.8% of TEGNA shares are owned by institutional investors. Comparatively, 67.9% of shares of all “Television Broadcasting” companies are owned by institutional investors. 0.8% of TEGNA shares are owned by insiders. Comparatively, 9.8% of shares of all “Television Broadcasting” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

Earnings & Valuation

This table compares TEGNA and its peers revenue, earnings per share and valuation.

Gross Revenue NetIncome Price/Earnings Ratio
TEGNA $3.34 billion $436.69 million 9.33
TEGNA Competitors $3.16 billion $516.24 million 41.08

TEGNA has higher revenue, but lower earnings than its peers. TEGNA is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Dividends

TEGNA pays an annual dividend of $0.28 per share and has a dividend yield of 2.2%. TEGNA pays out 20.9% of its earnings in the form of a dividend. As a group, “Television Broadcasting” companies pay a dividend yield of 1.6% and pay out 22.0% of their earnings in the form of a dividend. TEGNA is clearly a better dividend stock than its peers, given its higher yield and lower payout ratio.

Volatility & Risk

TEGNA has a beta of 1.69, meaning that its share price is 69% more volatile than the S&P 500. Comparatively, TEGNA’s peers have a beta of 1.57, meaning that their average share price is 57% more volatile than the S&P 500.

Profitability

This table compares TEGNA and its peers’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
TEGNA 11.10% 20.50% 4.93%
TEGNA Competitors 12.58% 87.30% 7.58%

Summary

TEGNA peers beat TEGNA on 9 of the 15 factors compared.

About TEGNA

Tegna Inc. has a portfolio of media and digital businesses that provide content. The Company’s segments include TEGNA Media (Media) and TEGNA Digital (Digital). As of December 31, 2016, its media business included 46 television stations operating in 38 markets and offered television programming and digital content. Its Media segment includes core advertising, including local and national non-political advertising; political advertising during elections; retransmission that represents satellite and cable networks, and telecommunications companies to carry its television signals; digital that includes digital marketing services and advertising on the stations’ Websites, tablet and mobile products, and other services. Its Digital business segment includes G/O Digital and Cofactor.

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