Gray Media Inc. (GTN) exhibits 45.0% gross margins and 4.1% return on invested capital within Communication Services (Broadcasting), balanced against a 12.1x enterprise multiple and 4.8% implied options volatility.
Sustained 45.0% gross profitability converts into 12.7% operating margin and 4.1% ROIC, outpacing sector cost of capital.
ROIC: 4.1% // GM: 45.0%YoY revenue trajectory of -15.1% paired with 2.80% free cash flow yield supports self-funded R&D and capital return.
REV YOY: -15.1% // FCF YLD: 2.80%Altman Z-Score of 0.63 and Piotroski F-Score of 4/9 indicate low near-term refinancing stress.
ALTMAN Z: 0.63 // F-SCORE: 4/9Trading at 24.0x trailing P/E (— Fwd P/E) leaves valuation vulnerable if real 10Y TIPS yields spike.
P/E: 24.0x // EV/EBITDA: 12.1xOptions market prices a ±5.2% implied move with a 0.85 put/call ratio around $4.47 max pain.
IMPL MOVE: ±5.2% // P/C: 0.85Elevated industry capital intensity and customer concentration in Broadcasting require continuous execution to defend -2.7% net margins.
NET MARGIN: -2.7% // D/E: 2.66x| FILER | SIDE | $ VALUE |
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| INSPECT FULL OWNERSHIP LEDGER IN OWN <GO> | ||
| STRIKE / EXP | TYPE | PREMIUM |
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| INSPECT GEX & CHAIN IN OPT <GO> | ||
Unblur the exact $50,000 delta-adjusted ETF/options hedge ratio for GTN & activate live FRED threshold breach alerts.