Discounted Cash Flow

Nexstar Media Group, Inc.

NXST · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $1.1b $91.5m $215.9m 8.3% $2.98
2017 $2.4b (120.4%) $475.0m (418.9%) $64.3m (-70.2%) 19.5% (135.4%) $10.38 (248.3%)
2018 $2.8b (13.8%) $389.5m (-18.0%) $630.6m (881.4%) 14.1% (-27.9%) $8.52 (-17.9%)
2019 $3.0b (9.9%) $230.3m (-40.9%) $220.0m (-65.1%) 7.6% (-46.2%) $5.01 (-41.2%)
2020 $4.5b (48.1%) $811.4m (252.4%) $1.0b (371.5%) 18.0% (137.9%) $18.06 (260.5%)
2021 $4.6b (3.3%) $834.6m (2.9%) $1.1b (2.6%) 18.0% (-0.4%) $19.81 (9.7%)
2022 $5.2b (12.1%) $971.1m (16.4%) $1.2b (17.1%) 18.6% (3.8%) $24.68 (24.6%)
2023 $4.9b (-5.3%) $346.0m (-64.4%) $850.0m (-31.8%) 7.0% (-62.4%) $9.78 (-60.4%)
2024 $5.4b (9.6%) $722.0m (108.7%) $1.1b (30.0%) 13.4% (90.4%) $21.73 (122.2%)
2025 $4.9b (-8.5%) $109.0m (-84.9%) $743.0m (-32.8%) 2.2% (-83.5%) $3.04 (-86.0%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Values abbreviated: b = billions, m = millions, k = thousands.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model