Sirius XM Holdings Inc.

NasdaqGS:SIRI Stock Report

Market Cap: US$8.5b

Sirius XM Holdings Valuation

Is SIRI 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-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: SIRI ($25.21) is trading below our estimate of fair value ($83.92)

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

Key Valuation Metric

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

Key metric: As SIRI is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for SIRI. This is calculated by dividing SIRI's market cap by their current revenue.
What is SIRI's PS Ratio?
PS Ratio1x
SalesUS$8.80b
Market CapUS$8.54b

Price to Sales Ratio vs Peers

How does SIRI's PS Ratio compare to its peers?

The above table shows the PS ratio for SIRI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.6x
LBRD.K Liberty Broadband
12.5x1.5%US$12.4b
DISH DISH Network
0.2x-1.3%US$3.1b
SATS EchoStar
0.4x-8.8%US$6.9b
CABO Cable One
1.4x-1.9%US$2.2b
SIRI Sirius XM Holdings
1x0.4%US$8.5b

Price-To-Sales vs Peers: SIRI is good value based on its Price-To-Sales Ratio (1x) compared to the peer average (6.5x).

Price to Sales Ratio vs Industry

How does SIRI's PS Ratio compare vs other companies in the US Media Industry?

35 CompaniesPrice / SalesEstimated GrowthMarket Cap
PARA Paramount Global
0.2x1.5%US$7.37b
DISH DISH Network
0.2x-1.3%US$3.08b
ATUS Altice USA
0.1x-2.4%US$1.10b
ADV Advantage Solutions
0.3x-2.5%US$1.08b
SIRI 1.0xIndustry Avg. 0.9xNo. of Companies35PS01.22.43.64.86+
35 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: SIRI is expensive based on its Price-To-Sales Ratio (1x) compared to the US Media industry average (0.9x).

Price to Sales Ratio vs Fair Ratio

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

SIRI PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1x
Fair PS Ratio1.6x

Price-To-Sales vs Fair Ratio: SIRI is good value based on its Price-To-Sales Ratio (1x) compared to the estimated Fair Price-To-Sales Ratio (1.6x).

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 SIRI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$25.21
US$28.80
+14.2%
23.6%US$43.00US$21.00n/a15
Nov ’25US$27.65
US$28.93
+4.6%
23.4%US$43.00US$20.00n/a15
Oct ’25US$22.66
US$34.69
+53.1%
35.8%US$65.00US$21.00n/a13
Sep ’25US$32.90
US$37.79
+14.9%
29.2%US$65.00US$25.00n/a12
Aug ’25US$32.30
US$39.17
+21.3%
28.5%US$65.00US$25.00n/a12
Jul ’25US$28.80
US$39.17
+36.0%
28.5%US$65.00US$25.00n/a12
Jun ’25US$28.20
US$40.75
+44.5%
25.4%US$65.00US$25.00n/a12
May ’25US$30.50
US$41.85
+37.2%
25.4%US$65.00US$25.00n/a13
Apr ’25US$38.30
US$48.88
+27.6%
25.1%US$75.00US$30.00n/a12
Mar ’25US$42.70
US$51.50
+20.6%
22.6%US$75.00US$35.00n/a11
Feb ’25US$52.30
US$52.09
-0.4%
22.4%US$75.00US$35.00n/a11
Jan ’25US$54.70
US$51.75
-5.4%
22.2%US$75.00US$35.00n/a12
Dec ’24US$48.80
US$51.00
+4.5%
21.6%US$75.00US$35.00n/a13
Nov ’24US$45.00
US$50.69
+12.6%
21.7%US$75.00US$35.00US$27.6513
Oct ’24US$45.20
US$50.96
+12.8%
21.9%US$75.00US$35.00US$22.6614
Sep ’24US$45.00
US$51.13
+13.6%
21.4%US$75.00US$35.00US$32.9015
Aug ’24US$49.80
US$49.20
-1.2%
24.3%US$75.00US$32.50US$32.3015
Jul ’24US$45.30
US$46.83
+3.4%
23.3%US$75.00US$32.50US$28.8015
Jun ’24US$37.00
US$46.83
+26.6%
23.3%US$75.00US$32.50US$28.2015
May ’24US$37.80
US$48.63
+28.7%
22.6%US$75.00US$32.50US$30.5015
Apr ’24US$39.70
US$55.28
+39.2%
19.3%US$75.00US$36.00US$38.3016
Mar ’24US$42.70
US$56.94
+33.3%
17.9%US$82.50US$45.00US$42.7016
Feb ’24US$58.60
US$67.63
+15.4%
14.0%US$82.50US$50.00US$52.3016
Jan ’24US$58.40
US$68.28
+16.9%
13.2%US$82.50US$52.50US$54.7016
Dec ’23US$64.10
US$68.28
+6.5%
13.2%US$82.50US$52.50US$48.8016
Nov ’23US$60.60
US$69.32
+14.4%
12.6%US$82.50US$55.00US$45.0017

Analyst Forecast: Target price is less than 20% higher than the current share price.

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