NasdaqGS:SBGI

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Sinclair Broadcast Group

Executive Summary

Sinclair Broadcast Group, Inc. operates as a diversified television media company in the United States. More Details


Snowflake Analysis

Average dividend payer with moderate growth potential.


Similar Companies

Share Price & News

How has Sinclair Broadcast Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SBGI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: SBGI's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

5.8%

SBGI

0.9%

US Media

-1.4%

US Market


1 Year Return

49.5%

SBGI

27.6%

US Media

37.1%

US Market

Return vs Industry: SBGI exceeded the US Media industry which returned 24.7% over the past year.

Return vs Market: SBGI underperformed the US Market which returned 34.1% over the past year.


Shareholder returns

SBGIIndustryMarket
7 Day5.8%0.9%-1.4%
30 Day7.4%7.0%1.6%
90 Day23.3%8.7%7.3%
1 Year54.9%49.5%29.3%27.6%40.2%37.1%
3 Year11.9%3.3%52.6%46.1%62.5%52.1%
5 Year24.7%10.2%92.3%78.0%133.9%108.0%

Long-Term Price Volatility Vs. Market

How volatile is Sinclair Broadcast Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Sinclair Broadcast Group undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SBGI ($36.28) is trading below our estimate of fair value ($168.64)

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


Price To Earnings Ratio

PE vs Industry: SBGI is unprofitable, so we can't compare its PE Ratio to the US Media industry average.

PE vs Market: SBGI is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SBGI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SBGI has negative assets, so we can't compare its PB Ratio to the US Media industry average.


Next Steps

Future Growth

How is Sinclair Broadcast Group forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

55.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SBGI is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: SBGI is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: SBGI's is expected to become profitable in the next 3 years.

Revenue vs Market: SBGI's revenue (5% per year) is forecast to grow slower than the US market (10.5% per year).

High Growth Revenue: SBGI's revenue (5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if SBGI's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Sinclair Broadcast Group performed over the past 5 years?

-38.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SBGI is currently unprofitable.

Growing Profit Margin: SBGI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SBGI is unprofitable, and losses have increased over the past 5 years at a rate of 35% per year.

Accelerating Growth: Unable to compare SBGI's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SBGI is unprofitable, making it difficult to compare its past year earnings growth to the Media industry (-20%).


Return on Equity

High ROE: SBGI's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Sinclair Broadcast Group's financial position?


Financial Position Analysis

Short Term Liabilities: SBGI has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: SBGI has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: SBGI has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: SBGI's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

Debt Coverage: SBGI's debt is not well covered by operating cash flow (10.1%).

Interest Coverage: SBGI is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is Sinclair Broadcast Group current dividend yield, its reliability and sustainability?

2.29%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SBGI's dividend (2.21%) is higher than the bottom 25% of dividend payers in the US market (1.34%).

High Dividend: SBGI's dividend (2.21%) is low compared to the top 25% of dividend payers in the US market (3.75%).


Stability and Growth of Payments

Stable Dividend: SBGI's dividends per share have been stable in the past 10 years.

Growing Dividend: SBGI's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: SBGI is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: SBGI's dividends in 3 years are forecast to be thoroughly covered by earnings (4.8% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.4yrs

Average management tenure


CEO

Chris Ripley (43 yo)

4.08yrs

Tenure

US$9,927,585

Compensation

Mr. Christopher S. Ripley, also known as Chris, has served as President and Chief Executive Officer of Sinclair Broadcast Group, Inc. (“Sinclair“) since January 2017. From April 2014 to January 2017, he se...


CEO Compensation Analysis

Compensation vs Market: Chris 's total compensation ($USD9.93M) is above average for companies of similar size in the US market ($USD4.96M).

Compensation vs Earnings: Chris 's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
David Smith
Executive Chairman of the Board30.42yrsUS$7.85m12.45%
$ 321.6m
Christopher Ripley
President & CEO4.08yrsUS$9.93m0.41%
$ 10.5m
Lucy Rutishauser
Executive VP & CFO4.08yrsUS$2.67m0.085%
$ 2.2m
Barry Faber
President of Distribution & Network Relations1.83yrsUS$3.36m0.11%
$ 2.9m
David Bochenek
Senior VP & Chief Accounting Officer18.25yrsno data0.041%
$ 1.1m
Delbert Parks
Executive VP & CTO6.25yrsno datano data
Brian Bark
Senior VP & Chief Information Officer2.67yrsno datano data
Steven Zenker
Vice President of Investor Relations1yrno datano data
David Gibber
Senior VP & General Counsel1.83yrsno data0.025%
$ 641.2k
Jeffrey Lewis
Chief Compliance Officer0.083yrno datano data
Jeff Carroll
Vice President of Marketing2.42yrsno datano data
John Zeigler
Chief Marketing Officer0.25yrno datano data

2.4yrs

Average Tenure

56yo

Average Age

Experienced Management: SBGI's management team is considered experienced (2.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
David Smith
Executive Chairman of the Board30.42yrsUS$7.85m12.45%
$ 321.6m
Frederick Smith
VP & Director35.08yrsno data5.7%
$ 147.2m
J. Smith
VP, Secretary & Director35.08yrsno data9.5%
$ 245.3m
Lawrence McCanna
Independent Director25.58yrsUS$336.50k0.037%
$ 965.4k
Robert Smith
Director35.08yrsUS$260.50k8.61%
$ 222.3m
Daniel Keith
Independent Director19.75yrsUS$302.50k0.054%
$ 1.4m
Martin Leader
Independent Director18.75yrsUS$341.50k0.089%
$ 2.3m
Howard Friedman
Independent Director6.08yrsUS$279.50k0.034%
$ 883.0k
Benson Legg
Independent Director2.08yrsUS$303.00k0.014%
$ 370.2k

25.6yrs

Average Tenure

69yo

Average Age

Experienced Board: SBGI's board of directors are seasoned and experienced ( 25.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: SBGI insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Sinclair Broadcast Group, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sinclair Broadcast Group, Inc.
  • Ticker: SBGI
  • Exchange: NasdaqGS
  • Founded: 1986
  • Industry: Broadcasting
  • Sector: Media
  • Market Cap: US$2.583b
  • Shares outstanding: 73.98m
  • Website: https://www.sbgi.net

Number of Employees


Location

  • Sinclair Broadcast Group, Inc.
  • 10706 Beaver Dam Road
  • Hunt Valley
  • Maryland
  • 21030
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SBGINasdaqGS (Nasdaq Global Select)YesClass A Common SharesUSUSDJun 1995
SBTADB (Deutsche Boerse AG)YesClass A Common SharesDEEURJun 1995

Biography

Sinclair Broadcast Group, Inc. operates as a diversified television media company in the United States. The company operates in two segments, Local News and Marketing Services; and Sports. It owns or provi...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/25 01:00
End of Day Share Price2021/02/24 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.