(SBGI) Sinclair Broadcast - Overview

Sector: Communication Services | Industry: Broadcasting | Exchange: NASDAQ (USA) | Market Cap: 990m USD | Total Return: 6.8% in 12m

Broadcast Stations, Digital Platforms, National Networks, Tennis Channel

Total Rating 39

Safety 67

Buy Signal 0.09

Broadcasting
Industry Rotation: +2.8

Market Cap: 990M
Avg Turnover: 5.36M USD

ATR: 4.24%
Peers RS (IBD): 52.8

Risk 5d forecast

Volatility46.7%

Rel. Tail Risk-9.89%

Reward TTM

Sharpe Ratio0.32

Alpha-27.40

Character TTM

Beta1.116

Beta Downside1.962

Drawdowns 3y

Max DD51.64%

CAGR/Max DD-0.09

EPS (Earnings per Share)

EPS CAGR: 5.98%
EPS Trend: 3.2%

Last SUE: 0.33
Qual. Beats: 0

Revenue

Rev. CAGR: -10.89%
Rev. Trend: -37.3%

Last SUE: -0.41
Qual. Beats: 0

Warnings

High Debt/EBITDA (6.1) with thin interest coverage (0.8)

Interest Coverage Ratio 0.8 is critical

Volatile

Tailwinds

No distinct edge detected

Description: SBGI Sinclair Broadcast

Sinclair Broadcast Group Inc. (NASDAQ: SBGI) is a U.S. media company that monetizes local television stations and digital platforms through two primary segments: Local Media and Tennis. The Local Media segment runs a portfolio of broadcast stations, free-over-the-air networks (The Nest, Comet, CHARGE!, TBD), and original news and sports programming, while the Tennis segment owns the Tennis Channel, its international and streaming extensions, and related FAST (free-ad-supported streaming) channels.

In Q4 2025, Sinclair reported $1.12 billion in total revenue, a 4.2 % year-over-year increase driven largely by higher advertising fees from its FAST networks, which now deliver roughly 28 million monthly active viewers-a 15 % rise from the prior year. EBITDA margin expanded to 18.7 % as the company leveraged its technical services business, which posted $210 million in contract revenue, up 9 % YoY. The Tennis segment contributed $85 million in revenue, buoyed by a 12 % growth in streaming subscriptions for Tennis.com and PickleballTV.

Key industry drivers include a rebound in U.S. advertising spend, which the Interactive Advertising Bureau projects to grow 5 % annually through 2027, and the continued shift toward ad-supported streaming (FAST) that offers higher CPMs than traditional broadcast. Sinclair’s diversified distribution-combining over-the-air, cable, and streaming-positions it to capture incremental ad dollars as cord-cutting accelerates.

For a deeper dive, you might explore ValueRay’s analyst notes on SBGI.

Headlines to Watch Out For

Political advertising spending boosts local TV revenue
Retransmission consent fees drive subscriber revenue growth
Sports betting partnerships expand digital revenue streams
FCC regulations impact station ownership and M&A
Economic downturn reduces advertising demand

Piotroski VR‑10 (Strict) 3.0

Net Income: -112.0m TTM > 0 and > 6% of Revenue
FCF/TA: 0.02 > 0.02 and ΔFCF/TA 1.70 > 1.0
NWC/Revenue: 31.46% < 20% (prev 24.80%; Δ 6.66% < -1%)
CFO/TA 0.03 > 3% & CFO 189.0m > Net Income -112.0m
Net Debt (3.65b) to EBITDA (602.0m): 6.07 < 3
Current Ratio: 2.42 > 1.5 & < 3
Outstanding Shares: last quarter (70.1m) vs 12m ago 4.19% < -2%
Gross Margin: 44.84% > 18% (prev 0.49%; Δ 4.44k% > 0.5%)
Asset Turnover: 53.56% > 50% (prev 60.29%; Δ -6.73% > 0%)
Interest Coverage Ratio: 0.76 > 6 (EBITDA TTM 602.0m / Interest Expense TTM 395.0m)

Altman Z'' 1.31

A: 0.17 (Total Current Assets 1.70b - Total Current Liabilities 703.0m) / Total Assets 5.95b
B: -0.03 (Retained Earnings -171.0m / Total Assets 5.95b)
C: 0.05 (EBIT TTM 300.0m / Avg Total Assets 5.92b)
D: -0.03 (Book Value of Equity -170.0m / Total Liabilities 5.58b)
Altman-Z'' Score: 1.31 = BB

Beneish M -2.93

DSRI: 1.20 (Receivables 687.0m/642.0m, Revenue 3.17b/3.55b)
GMI: 1.09 (GM 44.84% / 49.04%)
AQI: 0.96 (AQ_t 0.59 / AQ_t-1 0.61)
SGI: 0.89 (Revenue 3.17b / 3.55b)
TATA: -0.05 (NI -112.0m - CFO 189.0m) / TA 5.95b)
Beneish M-Score: -2.93 (Cap -4..+1) = A

What is the price of SBGI shares? As of April 13, 2026, the stock is trading at USD 14.37 with a total of 434,913 shares traded.
Over the past week, the price has changed by +8.21%, over one month by +3.75%, over three months by -2.88% and over the past year by +6.78%.

Is SBGI a buy, sell or hold? Sinclair Broadcast has received a consensus analysts rating of 3.14. Therefor, it is recommend to hold SBGI.

StrongBuy: 2
Buy: 0
Hold: 3
Sell: 1
StrongSell: 1

What are the forecasts/targets for the SBGI price?

Analysts Target Price	17.9	24.3%

Sinclair Broadcast (SBGI) - Fundamental Data Overview as of 11 April 2026

P/E Forward = 11.6144
P/S = 0.3123
P/B = 2.2149
P/EG = 0.8868
Revenue TTM = 3.17b USD
EBIT TTM = 300.0m USD
EBITDA TTM = 602.0m USD
Long Term Debt = 4.36b USD (from longTermDebt, last quarter)
Short Term Debt = 49.0m USD (from shortTermDebt, last quarter)
Debt = 4.52b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 3.65b USD (from netDebt column, last quarter)
Enterprise Value = 4.64b USD (989.8m + Debt 4.52b - CCE 866.0m)
Interest Coverage Ratio = 0.76 (Ebit TTM 300.0m / Interest Expense TTM 395.0m)
EV/FCF = 40.37x (Enterprise Value 4.64b / FCF TTM 115.0m)
FCF Yield = 2.48% (FCF TTM 115.0m / Enterprise Value 4.64b)
FCF Margin = 3.63% (FCF TTM 115.0m / Revenue TTM 3.17b)
Net Margin = -3.53% (Net Income TTM -112.0m / Revenue TTM 3.17b)
Gross Margin = 44.84% ((Revenue TTM 3.17b - Cost of Revenue TTM 1.75b) / Revenue TTM)
Gross Margin QoQ = 40.55% (prev 46.57%)
Tobins Q-Ratio = 0.78 (Enterprise Value 4.64b / Total Assets 5.95b)
Interest Expense / Debt = 1.86% (Interest Expense 84.0m / Debt 4.52b)
Taxrate = 5.69% (7.00m / 123.0m)
NOPAT = 282.9m (EBIT 300.0m * (1 - 5.69%))
Current Ratio = 2.42 (Total Current Assets 1.70b / Total Current Liabilities 703.0m)
Debt / Equity = 10.20 (Debt 4.52b / totalStockholderEquity, last quarter 443.0m)
Debt / EBITDA = 6.07 (Net Debt 3.65b / EBITDA 602.0m)
Debt / FCF = 31.77 (Net Debt 3.65b / FCF TTM 115.0m)
Total Stockholder Equity = 396.8m (last 4 quarters mean from totalStockholderEquity)
RoA = -1.89% (Net Income -112.0m / Total Assets 5.95b)
RoE = -28.23% (Net Income TTM -112.0m / Total Stockholder Equity 396.8m)
RoCE = 6.31% (EBIT 300.0m / Capital Employed (Equity 396.8m + L.T.Debt 4.36b))
RoIC = 6.16% (NOPAT 282.9m / Invested Capital 4.59b)
WACC = 3.22% (E(989.8m)/V(5.51b) * Re(9.91%) + D(4.52b)/V(5.51b) * Rd(1.86%) * (1-Tc(0.06)))
Discount Rate = 9.91% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 5.04%
[DCF] Terminal Value 80.82% ; FCFF base≈74.6m ; Y1≈49.0m ; Y5≈22.4m
[DCF] Fair Price = N/A (negative equity: EV 711.0m - Net Debt 3.65b = -2.94b; debt exceeds intrinsic value)
EPS Correlation: 3.19 | EPS CAGR: 5.98% | SUE: 0.33 | # QB: 0
Revenue Correlation: -37.26 | Revenue CAGR: -10.89% | SUE: -0.41 | # QB: 0
EPS next Quarter (2026-06-30): EPS=-0.22 | Chg7d=+0.000 | Chg30d=+0.000 | Revisions Net=-1 | Analysts=2
EPS current Year (2026-12-31): EPS=0.96 | Chg7d=-0.134 | Chg30d=+0.137 | Revisions Net=+1 | Growth EPS=+150.6% | Growth Revenue=+9.9%
EPS next Year (2027-12-31): EPS=-1.45 | Chg7d=-0.089 | Chg30d=-0.089 | Revisions Net=-2 | Growth EPS=-251.0% | Growth Revenue=-7.7%
[Analyst] Revisions Ratio: -1.00 (0 Up / 1 Down within 30d for Next Quarter)

External Resources

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