(SBGI) Sinclair Broadcast - Overview
Stock: Television, Digital, News, Sports, Streaming
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 6.96% |
| Yield on Cost 5y | 4.04% |
| Yield CAGR 5y | 5.74% |
| Payout Consistency | 87.9% |
| Payout Ratio | 113.6% |
| Risk 5d forecast | |
|---|---|
| Volatility | 52.4% |
| Relative Tail Risk | -11.0% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.14 |
| Alpha | -12.71 |
| Character TTM | |
|---|---|
| Beta | 0.894 |
| Beta Downside | 1.127 |
| Drawdowns 3y | |
|---|---|
| Max DD | 51.64% |
| CAGR/Max DD | -0.09 |
Description: SBGI Sinclair Broadcast January 21, 2026
Sinclair Broadcast Group Inc. (NASDAQ:SBGI) is a U.S. media company that delivers content through two primary segments: Local Media, which operates broadcast TV stations, original over-the-air networks (e.g., The Nest, Comet, CHARGE!, TBD) and produces local news and sports programming; and Tennis, which runs the Tennis Channel family of cable, streaming, and FAST (free-ad-supported television) properties, including the emerging Pickleball TV brand. The firm also offers non-broadcast digital services and sells broadcast-system hardware, while maintaining a modest portfolio of non-media investments.
Based on Sinclair’s most recent FY-2023 filing, the company generated roughly $2.1 billion in revenue, delivering an EBITDA margin near 15 % and free-cash-flow of about $300 million. The Local Media segment accounts for ~95 % of revenue, but its growth is constrained by flat U.S. local advertising spend, which historically tracks GDP and consumer confidence. Conversely, Sinclair’s FAST and streaming offerings have been expanding at ~30 % YoY, driven by a broader industry shift toward ad-supported over-the-air streaming and the “cord-cutting” trend that is boosting per-viewer ad rates on free-to-air platforms. The Tennis segment, while only ~5 % of total revenue, provides a higher-margin, niche-sports foothold that can offset some volatility in local ad markets.
For a deeper dive into Sinclair’s valuation multiples and scenario analysis, check the latest ValueRay model.
Piotroski VR‑10 (Strict, 0-10) 4.5
| Net Income: -45.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 5.36 > 1.0 |
| NWC/Revenue: 20.17% < 20% (prev 19.17%; Δ 1.00% < -1%) |
| CFO/TA 0.05 > 3% & CFO 289.0m > Net Income -45.0m |
| Net Debt (3.72b) to EBITDA (672.0m): 5.53 < 3 |
| Current Ratio: 2.01 > 1.5 & < 3 |
| Outstanding Shares: last quarter (69.7m) vs 12m ago 4.71% < -2% |
| Gross Margin: 48.52% > 18% (prev 0.47%; Δ 4805 % > 0.5%) |
| Asset Turnover: 58.79% > 50% (prev 58.25%; Δ 0.54% > 0%) |
| Interest Coverage Ratio: 1.02 > 6 (EBITDA TTM 672.0m / Interest Expense TTM 385.0m) |
Altman Z'' 1.05
| A: 0.12 (Total Current Assets 1.34b - Total Current Liabilities 666.0m) / Total Assets 5.57b |
| B: -0.05 (Retained Earnings -263.0m / Total Assets 5.57b) |
| C: 0.07 (EBIT TTM 392.0m / Avg Total Assets 5.68b) |
| D: -0.05 (Book Value of Equity -261.0m / Total Liabilities 5.29b) |
| Altman-Z'' Score: 1.05 = BB |
Beneish M -3.11
| DSRI: 1.02 (Receivables 633.0m/624.0m, Revenue 3.34b/3.37b) |
| GMI: 0.97 (GM 48.52% / 46.88%) |
| AQI: 1.00 (AQ_t 0.62 / AQ_t-1 0.62) |
| SGI: 0.99 (Revenue 3.34b / 3.37b) |
| TATA: -0.06 (NI -45.0m - CFO 289.0m) / TA 5.57b) |
| Beneish M-Score: -3.11 (Cap -4..+1) = AA |
What is the price of SBGI shares?
Over the past week, the price has changed by -5.65%, over one month by -9.28%, over three months by -13.44% and over the past year by -0.97%.
Is SBGI a buy, sell or hold?
- StrongBuy: 2
- Buy: 0
- Hold: 3
- Sell: 1
- StrongSell: 1
What are the forecasts/targets for the SBGI price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 17.3 | 26.3% |
| Analysts Target Price | 17.3 | 26.3% |
| ValueRay Target Price | 14.4 | 5.3% |
SBGI Fundamental Data Overview February 04, 2026
P/S = 0.3024
P/B = 2.9139
P/EG = 0.8868
Revenue TTM = 3.34b USD
EBIT TTM = 392.0m USD
EBITDA TTM = 672.0m USD
Long Term Debt = 4.08b USD (from longTermDebt, last quarter)
Short Term Debt = 49.1m USD (from shortTermDebt, last quarter)
Debt = 4.24b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 3.72b USD (from netDebt column, last quarter)
Enterprise Value = 4.73b USD (1.01b + Debt 4.24b - CCE 526.0m)
Interest Coverage Ratio = 1.02 (Ebit TTM 392.0m / Interest Expense TTM 385.0m)
EV/FCF = 22.40x (Enterprise Value 4.73b / FCF TTM 211.0m)
FCF Yield = 4.46% (FCF TTM 211.0m / Enterprise Value 4.73b)
FCF Margin = 6.32% (FCF TTM 211.0m / Revenue TTM 3.34b)
Net Margin = -1.35% (Net Income TTM -45.0m / Revenue TTM 3.34b)
Gross Margin = 48.52% ((Revenue TTM 3.34b - Cost of Revenue TTM 1.72b) / Revenue TTM)
Gross Margin QoQ = 46.57% (prev 46.43%)
Tobins Q-Ratio = 0.85 (Enterprise Value 4.73b / Total Assets 5.57b)
Interest Expense / Debt = 2.00% (Interest Expense 85.0m / Debt 4.24b)
Taxrate = 19.24% (76.0m / 395.0m)
NOPAT = 316.6m (EBIT 392.0m * (1 - 19.24%))
Current Ratio = 2.01 (Total Current Assets 1.34b / Total Current Liabilities 666.0m)
Debt / Equity = 12.23 (Debt 4.24b / totalStockholderEquity, last quarter 347.0m)
Debt / EBITDA = 5.53 (Net Debt 3.72b / EBITDA 672.0m)
Debt / FCF = 17.62 (Net Debt 3.72b / FCF TTM 211.0m)
Total Stockholder Equity = 431.8m (last 4 quarters mean from totalStockholderEquity)
RoA = -0.79% (Net Income -45.0m / Total Assets 5.57b)
RoE = -10.42% (Net Income TTM -45.0m / Total Stockholder Equity 431.8m)
RoCE = 8.70% (EBIT 392.0m / Capital Employed (Equity 431.8m + L.T.Debt 4.08b))
RoIC = 6.94% (NOPAT 316.6m / Invested Capital 4.56b)
WACC = 3.08% (E(1.01b)/V(5.25b) * Re(9.21%) + D(4.24b)/V(5.25b) * Rd(2.00%) * (1-Tc(0.19)))
Discount Rate = 9.21% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 4.73%
[DCF Debug] Terminal Value 80.82% ; FCFF base≈211.0m ; Y1≈138.5m ; Y5≈63.2m
Fair Price DCF = N/A (negative equity: EV 2.01b - Net Debt 3.72b = -1.70b; debt exceeds intrinsic value)
EPS Correlation: 10.37 | EPS CAGR: 6.63% | SUE: 0.02 | # QB: 0
Revenue Correlation: -54.91 | Revenue CAGR: -15.84% | SUE: 0.47 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-0.26 | Chg30d=-0.010 | Revisions Net=-1 | Analysts=1
EPS next Year (2026-12-31): EPS=1.09 | Chg30d=+0.000 | Revisions Net=-2 | Growth EPS=+135.2% | Growth Revenue=+10.2%