(SBGI) Sinclair Broadcast - NASDAQ
Sector: Communication Services | Industry: Broadcasting | Exchange: NASDAQ (USA) | Market Cap: 987m USD | Total Return: 10.4% in 12m
Avg Turnover: 5.84M
Qual. Beats: 1
Rev. Trend: 14.1%
Qual. Beats: 1
Warnings
High Debt/EBITDA (6.3) with thin interest coverage (0.9)
Interest Coverage Ratio 0.9 is critical
Volatile
Tailwinds
No distinct edge detected
Sinclair, Inc. (NASDAQ: SBGI) is a U.S.-based media company that operates through two segments: Local Media and Tennis. Founded in 1971 and headquartered in Hunt Valley, Maryland, the company is classified within the Communication Services sector under the GICS Broadcasting sub-industry. Sinclair is listed as a small-cap stock with a market capitalization of approximately $969 million.
The Local Media segment forms the core of Sinclairs business, operating broadcast television stations that deliver free over-the-air programming, live local sports, and original news content. The segment also owns and distributes several national networks, including The Nest, Comet, CHARGE!, and original news programs such as The National News Desk and Full Measure with Sharyl Attkisson. Revenue is generated both through advertising sales and through retransmission fees paid by multi-channel video programming distributors (MVPDs) - a contractual fee model that has historically been a key revenue pillar for U.S. broadcasters, though the sector has faced structural pressure from ongoing cord-cutting trends.
The Tennis segment is centered on Tennis Channel, a cable network covering top professional tennis tournaments, complemented by Tennis Channel International, streaming services, the 24-hour FAST (Free Ad-Supported Streaming Television) channel Tennischannel 2, and Tennis.com. Sinclair has also expanded into adjacent sports content through the FAST channel Pickleballtv, reflecting the broader industry trend of broadcasters pivoting toward free ad-supported streaming to reach cord-cutters. Beyond its media operations, the company provides non-broadcast digital solutions and technical broadcast systems design and manufacturing services, and holds various non-media investments.
- MVPD retransmission fee renewals drive Local Media segment revenue
- Tennis Channel FAST channel growth diversifies streaming revenue mix
- Cord-cutting headwinds pressure traditional broadcast advertising revenue
| 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 (608.0m): 6.26 < 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 51.11%; Δ -8.61% > 0.5%) |
| Asset Turnover: 55.39% > 50% (prev 61.01%; Δ -5.63% > 0%) |
| Interest Coverage Ratio: 0.90 > 6 (EBIT TTM 304.0m / 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: 0.05 (EBIT TTM 304.0m / Avg Total Assets 5.78b) |
| D: 0.09 (Book Value of Equity 467.0m / Total Liabilities 5.38b) |
| Altman-Z'' = 1.44 = BB |
| DSRI: 1.03 (Receivables 631.0m/676.0m, Revenue 3.20b/3.53b) |
| GMI: 1.20 (GM 51.11% / 42.50%) |
| 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 = -2.90 (Cap -4..+1) = A |
As of June 24, 2026, the stock is trading at USD 13.97 with a total of 339,320 shares traded. Over the past week, the price has changed by +4.02%, over one month by +1.82%, over three months by +6.27% and over the past year by +10.42%.
Current recommended Stop Loss: 13.00 (which is 6.9% or 2 ATR below the current price).
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 | 26.8% |
P/E Trailing = 14.0928
P/E Forward = 11.5875
P/S = 0.3083
P/B = 2.1124
P/EG = 0.8868
Revenue TTM = 3.20b USD
EBIT TTM = 304.0m USD
EBITDA TTM = 608.0m 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 (986.5m + Debt 4.65b - CCE 844.0m)
Interest Coverage Ratio = 0.90 (Ebit TTM 304.0m / Interest Expense TTM 336.0m)
EV/FCF = 31.13x (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 federal default 21%)
NOPAT = 240.2m (EBIT 304.0m * (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 = 6.26 (Net Debt 3.81b / EBITDA 608.0m)
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 = 15.82% (Net Income TTM 64.0m / Total Stockholder Equity 404.5m)
RoCE = 6.39% (EBIT 304.0m / Capital Employed (Equity 404.5m + L.T.Debt 4.35b))
RoIC = 4.81% (NOPAT 240.2m / Invested Capital 4.99b)
WACC = 6.39% (E(986.5m)/V(5.64b) * Re(9.59%) + D(4.65b)/V(5.64b) * Rd(7.22%) * (1-Tc(0.21)))
Discount Rate = 9.59% (= 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=1.28 | Chg30d=+33.36% | Revisions=+50% | GrowthEPS=+167.5% | GrowthRev=+10.5%
EPS next Year (2027-12-31): EPS=-1.73 | Chg30d=-19.07% | Revisions=+0% | GrowthEPS=-234.8% | GrowthRev=-8.0%
[Analyst] Revisions Ratio: +50%