Sinclair, Inc.
$15.14
+0.56 (+3.84%) · delayed · Nov 13, 2026
Five-year price
52w $11.83 to $17.88
- Market cap
- $1.0B
- Enterprise value
- $4.6B
- P/E
- —
- EV / EBIT
- 26.3×
- FCF yield
- 11.0%
- ROIC
- 3.5%
- Debt / equity
- 9.87
- Piotroski F
- 2/9
Value scorecard · FY2025
Does it pass the value tests?
Quality
50
- ●ROIC > 12% (5y avg)5y avg ROIC 19.9%
- ●ROE > 15% (5y avg)5y avg ROE 70.1%
- ○Stable operating marginsMargin volatility 40.2% (σ, 5y)
- ○Earnings convert to cashFCF / net income 15% (5y avg)
- –Growing revenueRevenue CAGR 5y n/a
- –Shrinking share countDiluted shares n/a over 5y
Value
67
- –P/E below 15P/E n/a
- ○EV/EBIT below 12EV/EBIT 26.3
- ●FCF yield above 6%FCF yield 11.0%
- –Price below Graham NumberGraham Number n/a
- ●P/B below 3P/B 2.4
Safety
20
- ○Debt / equity below 0.5D/E 9.87
- ○Debt payable in < 4 yrs of earningsNet debt $3.5B
- ○Interest coverage > 8xCoverage 0.4x
- ●Current ratio > 1.5Current ratio 2.42
- ○Piotroski F-score ≥ 6F-score 2/9
Graham Defensive
n/a
- ●Adequate size (revenue > $2B)Revenue $3.2B
- ●Strong condition (current ratio ≥ 2)Current ratio 2.42
- –Earnings stability (no loss, 10y)5 years of data
- ●Uninterrupted dividendsDividends paid every year on record
- –Earnings growth ≥ 33% (10y, 3y avgs)EPS growth -105%
- –Moderate P/E (≤ 15 on 3y avg EPS)P/E (3y avg) n/a
- –P/E × P/B ≤ 22.5Product n/a
Valuation lab
What do you have to believe?
At $15.14, the market is pricing in about 14.7% annual free-cash-flow growth for the next decade (9% discount rate, 2.5% terminal growth).
Starting cash flow
Net debt $3.5B · 69M shares
Intrinsic value
$-16.56
Price
$15.14
Margin of safety
191%
What the price implies
The market is paying for 14.7% annual cash-flow growth for 10 years at a 9.0% discount rate.
Terminal value share
58% of the value sits beyond year 10.
Financial statements
A decade of the record.
USD millions · fiscal years · source: SEC 10-K XBRL
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 6,134 | 3,928 | 3,134 | 3,548 | 3,169 |
| Gross profit | — | — | — | — | — |
| Operating income | 95 | 3,980 | (331) | 551 | 173 |
| Operating margin | 1.5% | 101.3% | -10.6% | 15.5% | 5.5% |
| Pre-tax income | (499) | 3,614 | (637) | 395 | (153) |
| Income tax | (173) | 913 | (358) | 76 | (54) |
| Net income | (414) | 2,652 | (291) | 310 | (112) |
| EPS (diluted) | -5.51 | 37.54 | -4.46 | 4.69 | -1.61 |
| Diluted shares | 75 | 71 | 65 | 66 | 69 |
Who owns it