Nexstar Broadcasting Group Stock Piotroski F Score

NXST Stock  USD 170.59  0.56  0.33%   
This module uses fundamental data of Nexstar Broadcasting to approximate its Piotroski F score. Nexstar Broadcasting F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Nexstar Broadcasting Group. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Nexstar Broadcasting financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Nexstar Broadcasting Altman Z Score, Nexstar Broadcasting Correlation, Nexstar Broadcasting Valuation, as well as analyze Nexstar Broadcasting Alpha and Beta and Nexstar Broadcasting Hype Analysis.
  
At this time, Nexstar Broadcasting's Total Debt To Capitalization is comparatively stable compared to the past year. Debt Ratio is likely to gain to 0.90 in 2024, whereas Debt To Equity is likely to drop 2.84 in 2024. At this time, Nexstar Broadcasting's Payout Ratio is comparatively stable compared to the past year. Days Payables Outstanding is likely to gain to 42.77 in 2024, whereas PTB Ratio is likely to drop 2.29 in 2024.
At this time, it appears that Nexstar Broadcasting's Piotroski F Score is Healthy. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
6.0
Piotroski F Score - Healthy
Current Return On Assets

Positive

Focus
Change in Return on Assets

Increased

Focus
Cash Flow Return on Assets

Positive

Focus
Current Quality of Earnings (accrual)

Improving

Focus
Asset Turnover Growth

Decrease

Focus
Current Ratio Change

Decrease

Focus
Long Term Debt Over Assets Change

Higher Leverage

Focus
Change In Outstending Shares

Decrease

Focus
Change in Gross Margin

Increase

Focus

Nexstar Broadcasting Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Nexstar Broadcasting is to make sure Nexstar is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Nexstar Broadcasting's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Nexstar Broadcasting's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.30.4084
Way Down
Slightly volatile
Gross Profit Margin0.750.5692
Significantly Up
Slightly volatile
Total Current LiabilitiesB961 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total9.2 B8.8 B
Sufficiently Up
Slightly volatile
Total Assets12.7 B12.1 B
Sufficiently Up
Slightly volatile
Total Current Assets1.5 B1.5 B
Sufficiently Up
Slightly volatile
Total Cash From Operating ActivitiesB999 M
Sufficiently Up
Slightly volatile

Nexstar Broadcasting F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Nexstar Broadcasting's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Nexstar Broadcasting in a much-optimized way.

About Nexstar Broadcasting Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Book Value Per Share

68.77

At this time, Nexstar Broadcasting's Book Value Per Share is comparatively stable compared to the past year.

Nexstar Broadcasting ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Nexstar Broadcasting's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Nexstar Broadcasting's managers, analysts, and investors.
Environmental
Governance
Social

About Nexstar Broadcasting Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Nexstar Broadcasting Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nexstar Broadcasting using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nexstar Broadcasting Group based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

Thematic Opportunities

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Additional Tools for Nexstar Stock Analysis

When running Nexstar Broadcasting's price analysis, check to measure Nexstar Broadcasting's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nexstar Broadcasting is operating at the current time. Most of Nexstar Broadcasting's value examination focuses on studying past and present price action to predict the probability of Nexstar Broadcasting's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nexstar Broadcasting's price. Additionally, you may evaluate how the addition of Nexstar Broadcasting to your portfolios can decrease your overall portfolio volatility.