Analyzing Sinclair Broadcast Group (SBGI) and The Competition
Sinclair Broadcast Group (NASDAQ: SBGI) is one of 31 public companies in the “Broadcasting” industry, but how does it contrast to its peers? We will compare Sinclair Broadcast Group to similar businesses based on the strength of its risk, dividends, institutional ownership, earnings, valuation, profitability and analyst recommendations.
Volatility and Risk
Sinclair Broadcast Group has a beta of 1.8, meaning that its stock price is 80% more volatile than the S&P 500. Comparatively, Sinclair Broadcast Group’s peers have a beta of 1.54, meaning that their average stock price is 54% more volatile than the S&P 500.
Earnings and Valuation
This table compares Sinclair Broadcast Group and its peers top-line revenue, earnings per share and valuation.
|Gross Revenue||EBITDA||Price/Earnings Ratio|
|Sinclair Broadcast Group||$2.82 billion||$893.47 million||9.88|
|Sinclair Broadcast Group Competitors||$10.62 billion||$3.19 billion||19.95|
Sinclair Broadcast Group’s peers have higher revenue and earnings than Sinclair Broadcast Group. Sinclair Broadcast Group is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.
This table compares Sinclair Broadcast Group and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Sinclair Broadcast Group||9.70%||32.06%||4.29%|
|Sinclair Broadcast Group Competitors||-21.31%||10.47%||1.62%|
Insider & Institutional Ownership
80.9% of Sinclair Broadcast Group shares are held by institutional investors. Comparatively, 52.4% of shares of all “Broadcasting” companies are held by institutional investors. 28.2% of Sinclair Broadcast Group shares are held by company insiders. Comparatively, 13.3% of shares of all “Broadcasting” companies are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.
Sinclair Broadcast Group pays an annual dividend of $0.72 per share and has a dividend yield of 2.5%. Sinclair Broadcast Group pays out 24.8% of its earnings in the form of a dividend. As a group, “Broadcasting” companies pay a dividend yield of 1.8% and pay out 38.9% of their earnings in the form of a dividend. Sinclair Broadcast Group is clearly a better dividend stock than its peers, given its higher yield and lower payout ratio.
This is a breakdown of recent ratings and target prices for Sinclair Broadcast Group and its peers, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Sinclair Broadcast Group||0||0||5||0||3.00|
|Sinclair Broadcast Group Competitors||222||1027||2172||49||2.59|
Sinclair Broadcast Group currently has a consensus price target of $47.00, suggesting a potential upside of 64.05%. As a group, “Broadcasting” companies have a potential upside of 23.87%. Given Sinclair Broadcast Group’s stronger consensus rating and higher probable upside, equities research analysts plainly believe Sinclair Broadcast Group is more favorable than its peers.
Sinclair Broadcast Group beats its peers on 11 of the 15 factors compared.
Sinclair Broadcast Group Company Profile
Sinclair Broadcast Group, Inc. is a television broadcasting company. The Company focuses on providing content on its local television stations and digital platforms. The Company’s segments are broadcast, other and corporate. The Broadcast segment consists of its broadcast television stations. The content distributed through its broadcast platform consists of programming provided by third-party networks and syndicators, local news, it owns networks, and other original programming produced by it. It also owns digital and Internet media products that are complementary to its portfolio of television station related digital properties. It focuses on offering marketing solutions to advertisers. Its other business consists of original networks and content, digital and Internet solutions, technical services and other non-media investments.
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