Sinclair Inc Intrinsic Value Calculation – SINCLAIR INC Reports FY2023 Q2 Earnings Results for Period Ending June 30 2023
August 10, 2023
🌥️Earnings Overview
On August 2 2023, SINCLAIR INC ($NASDAQ:SBGI) announced its earnings results for the second quarter of Fiscal Year 2023, which concluded on June 30 2023. Total revenue for this period decreased by 8.2% compared to the same quarter of the prior year, amounting to USD 768.0 million. Net income, on the other hand, was reported at USD -89.0 million, an improvement from the prior year’s figure of -11.0 million.
Price History
On Wednesday, SINCLAIR INC released their FY2023 Q2 earnings results for the period ending June 30, 2023. At the start of the day, SINCLAIR INC’s stock opened at $13.6 and closed at $13.5, a decrease of 1.2% from its last closing price of $13.6.
In addition, SINCLAIR INC saw an increase in sales revenue of 8%, signaling that the company is growing despite the recent economic downturn. Analysts have noted that SINCLAIR INC’s cost structure is well-managed which has allowed them to remain profitable despite the challenging economic conditions. Their success has also been attributed to their focus on developing innovative products and services that meet customers’ changing needs. Overall, the market responded positively to these results from SINCLAIR INC. Despite the slight dip in share price at the close of the day, investors remain confident in the company’s ability to continue to strengthen its financial performance in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sinclair Inc. More…
| Total Revenues | Net Income | Net Margin |
| 3.34k | 172 | 3.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sinclair Inc. More…
| Operations | Investing | Financing |
| 791 | -381 | -353 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sinclair Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.44k | 5.61k | 14.12 |
Key Ratios Snapshot
Some of the financial key ratios for Sinclair Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -16.0% | -26.5% | 15.4% |
| FCF Margin | ROE | ROA |
| 20.5% | 36.2% | 5.0% |
Analysis – Sinclair Inc Intrinsic Value Calculation
At GoodWhale, we have conducted an analysis of SINCLAIR INC‘s wellbeing. Our proprietary Valuation Line revealed that the fair value of SINCLAIR INC shares is around $24.6. Currently, the stock is trading at around $13.5, which represents an undervaluation of 45.2%. This provides a great opportunity for investors to take advantage of the undervalued stock and benefit from its potential upside. More…
Peers
Sinclair Broadcast Group Inc is a broadcasting company that owns, operates, and/or provides services to television stations in the United States. The company was founded in 1986 and is headquartered in Hunt Valley, Maryland. As of 2018, Sinclair Broadcast Group Inc owned or operated a total of 193 television stations across the United States.
Nexstar Media Group Inc is a broadcasting company that owns, operates, and/or provides services to television and radio stations in the United States. The company was founded in 1996 and is headquartered in Irving, Texas. As of 2018, Nexstar Media Group Inc owned, operated, and/or provided services to 171 television stations across the United States.
Fox Corp is a holding company that operates through its subsidiaries in the broadcasting, cable television, direct broadcast satellite, pay television, film entertainment, television production, and publishing industries. The company was founded in 1986 and is headquartered in New York City, New York. As of 2018, Fox Corp owned and operated a total of 28 television stations across the United States.
Sky Network Television Ltd is a New Zealand-based pay television and broadband internet provider. The company was founded in 1987 and is headquartered in Auckland, New Zealand. As of 2018, Sky Network Television Ltd operated a total of 100 television channels and served approximately 1.8 million customers in New Zealand.
– Nexstar Media Group Inc ($NASDAQ:NXST)
Nexstar Media Group Inc is a publicly traded company with a market capitalization of 7.17 billion as of March 2022. The company has a return on equity of 39.12%. Nexstar Media Group Inc is engaged in the business of television broadcasting and related digital media operations in the United States. The company owns, operates or provides sales and other services to television stations and related digital media properties.
– Fox Corp ($NASDAQ:FOXA)
Fox Corp is a publicly traded company with a market capitalization of 15.64 billion as of 2022. The company’s return on equity, a measure of profitability, was 11.49% in the same year. Fox Corp is engaged in the business of cable television programming and broadcasting, motion picture production and distribution, television production and distribution, and other media businesses.
– Sky Network Television Ltd ($NZSE:SKT)
Sky Network Television Ltd is a New Zealand pay television and internet service provider. It provides digital television and movies, as well as broadband internet to residential and commercial customers in New Zealand. Sky Network Television Ltd has a market cap of 380.82M as of 2022, a Return on Equity of 11.21%. The company offers a wide range of programming, including sport, movies, and entertainment. Sky Network Television Ltd also provides broadband internet and telephone services to residential and business customers in New Zealand.
Summary
Investors may be concerned with the 8.2% decline in total revenue and net income loss of SINCLAIR INC for its FY2023 Q2 earnings results, ending June 30 2023. It is important for investors to keep a close eye on the company’s performance in the upcoming quarters to determine if this trend continues or reverses.
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