(SBGI) Sinclair Broadcast - Overview
Sector: Communication Services | Industry: Broadcasting | Exchange: NASDAQ (USA) | Market Cap: 983m USD | Total Return: 4.1% in 12m
Avg Turnover: 5.94M
Qual. Beats: 1
Rev. Trend: 14.1%
Qual. Beats: 1
Warnings
High Debt/EBITDA (5.5) with thin interest coverage (1.2)
Volatile Below Avwap Earnings
Tailwinds
Garp
Sinclair, Inc. (SBGI) is a diversified media company operating through two primary segments: Local Media and Tennis. The Local Media division manages a portfolio of broadcast television stations and digital platforms, delivering news, sports, and entertainment through free over-the-air networks and contractual distribution agreements with video programming providers. The Tennis segment encompasses the Tennis Channel, international streaming services, and digital assets focused on professional tennis and pickleball.
The companys business model relies on a dual-revenue stream consisting of advertising sales and retransmission consent fees paid by cable and satellite operators. In the broader broadcasting sector, local media companies are increasingly pivoting toward FAST (Free Ad-supported Streaming TV) channels and digital sub-channels like Comet and Charge! to offset traditional linear television viewership declines. Sinclair also maintains a portfolio of non-media investments and technical services to provide additional revenue diversification.
Reviewing the historical performance metrics on ValueRay can help clarify how these various segments contribute to the companys long-term valuation. Headquartered in Hunt Valley, Maryland, Sinclair remains a significant player in the consolidation of US local broadcast markets.
- Political advertising cycles drive significant biennial revenue volatility and cash flow spikes
- Retransmission fee negotiations with cable providers impact long-term subscription revenue margins
- Sports broadcast rights costs and Tennis Channel distribution affect segment profitability
- Regulatory shifts in FCC media ownership rules influence potential acquisition and consolidation
- Linear television cord-cutting trends reduce traditional advertising and subscriber fee income
| Net Income: 64.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA 2.18 > 1.0 |
| NWC/Revenue: 29.88% < 20% (prev 22.12%; Δ 7.75% < -1%) |
| CFO/TA 0.04 > 3% & CFO 227.0m > Net Income 64.0m |
| Net Debt (3.81b) to EBITDA (694.0m): 5.49 < 3 |
| Current Ratio: 2.42 > 1.5 & < 3 |
| Outstanding Shares: last quarter (70.8m) vs 12m ago 4.94% < -2% |
| Gross Margin: 42.50% > 18% (prev 0.51%; Δ 4.20k% > 0.5%) |
| Asset Turnover: 55.39% > 50% (prev 61.01%; Δ -5.63% > 0%) |
| Interest Coverage Ratio: 1.16 > 6 (EBITDA TTM 694.0m / Interest Expense TTM 336.0m) |
| A: 0.17 (Total Current Assets 1.63b - Total Current Liabilities 672.0m) / Total Assets 5.78b |
| B: -0.03 (Retained Earnings -169.0m / Total Assets 5.78b) |
| C: 0.07 (EBIT TTM 390.0m / Avg Total Assets 5.78b) |
| D: -0.03 (Book Value of Equity -168.0m / Total Liabilities 5.38b) |
| Altman-Z'' = 1.41 = BB |
| DSRI: 1.03 (Receivables 631.0m/676.0m, Revenue 3.20b/3.53b) |
| GMI: 1.20 (GM 42.50% / 51.11%) |
| AQI: 0.98 (AQ_t 0.59 / AQ_t-1 0.60) |
| SGI: 0.91 (Revenue 3.20b / 3.53b) |
| TATA: -0.03 (NI 64.0m - CFO 227.0m) / TA 5.78b) |
| Beneish M = -2.93 (Cap -4..+1) = A |
As of May 27, 2026, the stock is trading at USD 13.72 with a total of 443,432 shares traded.
Over the past week, the price has changed by -2.07%,
over one month by -11.22%,
over three months by -12.74% and
over the past year by +4.13%.
Sinclair Broadcast has received a consensus analysts rating of 3.14. Therefore, it is recommended to hold SBGI.
- StrongBuy: 2
- Buy: 0
- Hold: 3
- Sell: 1
- StrongSell: 1
| Analysts Target Price | 17.7 | 29.1% |
P/E Trailing = 14.0412
P/E Forward = 11.4286
P/S = 0.3072
P/B = 2.0831
P/EG = 0.8868
Revenue TTM = 3.20b USD
EBIT TTM = 390.0m USD
EBITDA TTM = 694.0m USD
Long Term Debt = 4.35b USD (from longTermDebt, last quarter)
Short Term Debt = 48.0m USD (from shortTermDebt, last quarter)
Debt = 4.65b USD (from shortLongTermDebtTotal, last quarter) + Leases 138.0m
Net Debt = 3.81b USD (calculated: Debt 4.65b - CCE 844.0m)
Enterprise Value = 4.79b USD (982.9m + Debt 4.65b - CCE 844.0m)
Interest Coverage Ratio = 1.16 (Ebit TTM 390.0m / Interest Expense TTM 336.0m)
EV/FCF = 31.11x (Enterprise Value 4.79b / FCF TTM 154.0m)
FCF Yield = 3.21% (FCF TTM 154.0m / Enterprise Value 4.79b)
FCF Margin = 4.81% (FCF TTM 154.0m / Revenue TTM 3.20b)
Net Margin = 2.0% (Net Income TTM 64.0m / Revenue TTM 3.20b)
Gross Margin = 42.50% ((Revenue TTM 3.20b - Cost of Revenue TTM 1.84b) / Revenue TTM)
Gross Margin QoQ = 36.80% (prev 40.55%)
Tobins Q-Ratio = 0.83 (Enterprise Value 4.79b / Total Assets 5.78b)
Interest Expense / Debt = 7.22% (Interest Expense 336.0m / Debt 4.65b)
Taxrate = 21.0% (US default 21%)
NOPAT = 308.1m (EBIT 390.0m * (1 - 21.00%))
Current Ratio = 2.42 (Total Current Assets 1.63b / Total Current Liabilities 672.0m)
Debt / Equity = 9.96 (Debt 4.65b / totalStockholderEquity, last quarter 467.0m)
Debt / EBITDA = 5.49 (Net Debt 3.81b / EBITDA 694.0m)
Debt / FCF = 24.73 (Net Debt 3.81b / FCF TTM 154.0m)
Total Stockholder Equity = 404.5m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.11% (Net Income 64.0m / Total Assets 5.78b)
RoE = 11.16% (Net Income TTM 64.0m / Total Stockholder Equity 573.5m)
RoCE = 7.92% (EBIT 390.0m / Capital Employed (Equity 573.5m + L.T.Debt 4.35b))
RoIC = 5.98% (NOPAT 308.1m / Invested Capital 5.15b)
WACC = 6.45% (E(982.9m)/V(5.63b) * Re(9.95%) + D(4.65b)/V(5.63b) * Rd(7.22%) * (1-Tc(0.21)))
Discount Rate = 9.95% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 100.00 | Cagr: 4.96%
[DCF] Terminal Value 77.97% ; FCFF base≈103.6m ; Y1≈118.8m ; Y5≈174.8m
[DCF] Fair Price = N/A (negative equity: EV 2.63b - Net Debt 3.81b = -1.18b; debt exceeds intrinsic value)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 4.0 | # QB: 1
Revenue Correlation: 14.07 | Revenue CAGR: 0.68% | SUE: 1.56 | # QB: 1
EPS current Quarter (2026-06-30): EPS=-0.30 | Chg30d=-38.64% | Revisions=-20% | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.09 | Chg30d=-35.71% | Revisions=N/A | Analysts=2
EPS current Year (2026-12-31): EPS=1.51 | Chg30d=+57.41% | Revisions=+50% | GrowthEPS=+179.7% | GrowthRev=+10.5%
EPS next Year (2027-12-31): EPS=-1.58 | Chg30d=-8.72% | Revisions=+0% | GrowthEPS=-204.3% | GrowthRev=-8.0%
[Analyst] Revisions Ratio: +50%