Sinclair, Inc. (SBGI) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+742.9%

$109.32

vs $12.97 price

Levered DCF

-$16.54

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

1.03

Distress zone

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-9.5×	3.43×	-2.91×	0.41×	-4.79×	-1.05×	29.25×	7.79×
P/B	2.39×	1.82×	2.98×	1.47×	-1.12×	-2×	2.04×	1.62×
P/S	0.33×	0.3×	0.27×	0.28×	0.32×	0.43×	0.72×	0.87×
EV / EBITDA	8.34×	4.9×	-74.34×	3.66×	4.6×	4.38×	9.61×	6.22×
Gross margin	36.1%	51.7%	47.0%	47.1%	27.6%	51.0%	45.3%	61.0%
Operating margin	4.9%	15.5%	-10.6%	101.3%	1.5%	-46.6%	11.1%	21.6%
Net margin	-3.5%	8.7%	-9.3%	67.5%	-6.7%	-40.6%	1.1%	11.2%
Current ratio	2.42×	2.45×	1.34×	2.77×	2.06×	3.11×	2.57×	3.12×
Debt / equity	10.2×	7.34×	15.26×	5.94×	-7.11×	-10.03×	8.45×	2.38×
Interest coverage	0.39×	1.81×	-1.09×	13.45×	0.15×	-4.23×	1.11×	2.26×
Dividend yield	6.5%	6.2%	7.7%	7.0%	3.3%	3.9%	3.5%	2.8%
Payout ratio	-61.6%	21.3%	-22.3%	2.9%	-15.7%	-4.1%	225.5%	21.9%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-25.3%	53.2%	-102.1%	354.5%	23.4%	189.5%	3.1%	20.8%
Return on invested capital	1.9%	8.3%	-2.9%	48.3%	0.5%	-17.2%	1.5%	10.7%
Return on assets	-1.9%	5.3%	-4.8%	39.6%	-3.3%	-18.0%	0.3%	5.2%
Free cash flow yield	10.9%	1.3%	16.9%	63.3%	12.5%	54.6%	24.8%	20.4%
Earnings yield	-10.6%	29.2%	-34.3%	242.0%	-20.9%	-94.8%	1.5%	12.8%
Enterprise value	$4.7B	$4.6B	$4.5B	$4.7B	$13.7B	$14.1B	$14.4B	$5.5B
Net debt / EBITDA	6.47×	3.78×	-60.43×	2.8×	3.94×	3.58×	7.57×	3.21×
Cash conversion cycle (days)	55	43	41	35	70	68	88	41