Sinclair Broadcast Group Inc

Chart & Performance

D1W1MN

P/E

—

P/S

0.33

EPS

—

Div Yield, %

6.25%

Shrs. gr., 5y

-8.53%

Rev. gr., 5y

0.51%

Revenues

3.13b

-20.21%

Net income

-291m

CFO

235m

-70.59%

Earnings

Feb 26, 2025

Profile

Sinclair Broadcast Group, Inc. operates as a media company in the United States. The company operates in two segments, Broadcast and Local Sports. The Broadcast segment broadcasts free over-the-air programming, such as network provided programs, locally-produced news, local sporting events, programming from program service arrangements, syndicated entertainment programs, and programming to television viewing audiences in the communities through its local television stations. As of December 31, 2021, the segment owned, operated, and provided services to 185 stations and 634 channels in 86 markets. The Local Sports segment operates regional sports networks. This segment broadcasts professional sports games and produce content. In addition, this segment owns regional sports network, which has the rights to air games of 45 professional sports teams and other sporting events. The company also owns and operates Tennis Channel, a cable network, which includes coverage of various tennis' top tournaments and original professional sports and tennis lifestyle shows; the Tennis Channel International streaming service; Tennis Magazine, the sport's print publication; and Tennis.com, an online tennis platform. Further, it owns and operates various networks carried on distribution platforms, including Comet, a science fiction network; CHARGE!, an adventure and action-based network; TBD, a multiscreen TV network; Stadium, a professional sports highlights and college games network; STIRR, an ad-supported DTC streaming app; and NewsON, an ad-supported app that provides access to live or on-demand local news broadcasts, including non-Sinclair affiliate partners. Additionally, the company provides technical services to the broadcast industry; and owns various non-media related investments, such as private equity, mezzanine financing, and real estate investments. Sinclair Broadcast Group, Inc. was founded in 1986 and is headquartered in Hunt Valley, Maryland.

URL

https://sbgi.net/

IPO date

Jun 06, 1995

Employees

7,900

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12
Income
Revenues	3,134,000 -20.21%	3,928,000 -35.96%
Cost of revenue	3,101,000	3,770,000
Unusual Expense (Income)
NOPBT	33,000	158,000
NOPBT Margin	1.05%	4.02%
Operating Taxes	(358,000)	913,000
Tax Rate		577.85%
NOPAT	391,000	(755,000)
Net income	(291,000) -110.97%	2,652,000 -913.50%
Dividends	(65,000)	(77,000)
Dividend yield	7.66%	7.03%
Proceeds from repurchase of equity	(343,000)	(120,000)
BB yield	40.42%	10.95%
Debt
Debt current	78,000	61,000
Long-term debt	4,443,000	4,558,000
Deferred revenue	21,000	144,000
Other long-term liabilities	239,000	280,000
Net debt	3,344,000	3,180,000
Cash flow
Cash from operating activities	235,000	799,000
CAPEX	(92,000)	(105,000)
Cash from investing activities	52,000	(381,000)
Cash from financing activities	(509,000)	(353,000)
FCF	640,000	(285,000)
Balance
Cash	662,000	884,000
Long term investments	515,000	555,000
Excess cash	1,020,300	1,242,600
Stockholders' equity	(296,000)	57,000
Invested Capital	5,104,000	5,490,000
ROIC	7.38%
ROCE	0.65%	2.57%
EV
Common stock shares outstanding	65,125	70,656
Price	13.03 -15.99%	15.51 -41.32%
Market cap	848,579 -22.57%	1,095,875 -44.75%
EV	4,128,579	4,208,875
EBITDA	384,000	805,000
EV/EBITDA	10.75	5.23
Interest	305,000	296,000
Interest/NOPBT	924.24%	187.34%