Sirius XM Holdings Valuation

Q: What is the Fair Price of SIRI1* when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

SIRI1* (MX$470) is trading below our estimate of [[fair value]] (MX$1311.32)

Is SIRI1* undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SIRI1* when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SIRI1* (MX$470) is trading below our estimate of fair value (MX$1311.32)

Significantly Below Fair Value: SIRI1* is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SIRI1*?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for SIRI1*. This is calculated by dividing SIRI1*'s market cap by their current preferred multiple.
What is SIRI1*'s n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	US$8.27b

SIRI1* key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	2x
Enterprise Value/EBITDA	6.7x
PEG Ratio	7x

Price to Earnings Ratio vs Peers

How does SIRI1*'s PE Ratio compare to its peers?

The above table shows the PE ratio for SIRI1* vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	44.9x
MEGA CPO Megacable Holdings S. A. B. de C. V	13.7x	20.8%	Mex$35.1b
601698 China Satellite Communications	149.3x	n/a	CN¥68.0b
LBRD.K Liberty Broadband	13.9x	-3.0%	US$11.2b
DISH DISH Network	2.5x	-71.9%	US$3.1b
SIRI1* Sirius XM Holdings	6.4x	0.9%	Mex$8.3b

Price-To-Earnings vs Peers: SIRI1* is good value based on its Price-To-Earnings Ratio (6.4x) compared to the peer average (42.3x).

Price to Earnings Ratio vs Industry

How does SIRI1*'s PE Ratio compare vs other companies in the Global Media Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	13.8%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	13.8%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: SIRI1* is good value based on its Price-To-Earnings Ratio (6.4x) compared to the Global Media industry average (15.9x).

Price to Earnings Ratio vs Fair Ratio

What is SIRI1*'s PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SIRI1* PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	6.4x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SIRI1*'s Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SIRI1* forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	Mex$470.00	Mex$680.77 +44.8%	35.8%	Mex$1,275.51	Mex$412.09	n/a	13
Sep ’25	Mex$612.00	Mex$733.68 +19.9%	29.2%	Mex$1,261.90	Mex$485.35	n/a	12
Aug ’25	Mex$620.00	Mex$718.83 +15.9%	28.5%	Mex$1,192.95	Mex$458.83	n/a	12
Jul ’25	n/a	Mex$718.83 0%	28.5%	Mex$1,192.95	Mex$458.83	n/a	12
Jun ’25	n/a	Mex$692.51 0%	25.4%	Mex$1,104.62	Mex$424.85	n/a	12
May ’25	n/a	Mex$712.13 0%	25.4%	Mex$1,106.16	Mex$425.45	n/a	13
Apr ’25	n/a	Mex$812.86 0%	25.1%	Mex$1,247.36	Mex$498.95	n/a	12
Mar ’25	n/a	Mex$879.88 0%	22.6%	Mex$1,281.38	Mex$597.98	n/a	11
Feb ’25	n/a	Mex$890.05 0%	22.4%	Mex$1,281.49	Mex$598.03	n/a	11
Jan ’25	n/a	Mex$893.13 0%	22.2%	Mex$1,294.40	Mex$604.05	n/a	12
Dec ’24	n/a	Mex$878.47 0%	21.6%	Mex$1,291.87	Mex$602.87	n/a	13
Nov ’24	n/a	Mex$902.95 0%	21.7%	Mex$1,335.92	Mex$623.43	n/a	13
Oct ’24	n/a	Mex$888.36 0%	21.9%	Mex$1,307.33	Mex$610.09	n/a	14
Sep ’24	Mex$685.00	Mex$857.61 +25.2%	21.4%	Mex$1,257.90	Mex$587.02	Mex$612.00	15
Aug ’24	n/a	Mex$829.58 0%	24.3%	Mex$1,264.60	Mex$547.99	Mex$620.00	15
Jul ’24	n/a	Mex$825.43 0%	23.3%	Mex$1,321.87	Mex$572.81	n/a	15
Jun ’24	n/a	Mex$825.43 0%	23.3%	Mex$1,321.87	Mex$572.81	n/a	15
May ’24	n/a	Mex$874.42 0%	22.6%	Mex$1,348.49	Mex$584.35	n/a	15
Apr ’24	n/a	Mex$996.30 0%	19.3%	Mex$1,351.68	Mex$648.81	n/a	16
Mar ’24	n/a	Mex$1,046.18 0%	17.9%	Mex$1,515.86	Mex$826.83	n/a	16
Feb ’24	n/a	Mex$1,274.63 0%	14.0%	Mex$1,555.00	Mex$942.43	n/a	16
Jan ’24	n/a	Mex$1,307.98 0%	13.2%	Mex$1,580.35	Mex$1,005.67	n/a	16
Dec ’23	n/a	Mex$1,307.98 0%	13.2%	Mex$1,580.35	Mex$1,005.67	n/a	16
Nov ’23	n/a	Mex$1,367.05 0%	12.6%	Mex$1,626.89	Mex$1,084.59	n/a	17
Oct ’23	n/a	Mex$1,450.74 0%	10.7%	Mex$1,680.85	Mex$1,171.50	n/a	17
Sep ’23	n/a	Mex$1,450.74 0%	10.7%	Mex$1,680.85	Mex$1,171.50	Mex$685.00	17

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.