Recent News
Aug 5, 2026 — Board declared a quarterly cash dividend of $0.25 per share payable Sept. 15, 2026 with record date Aug. 31, 2026. Jun–Aug 2026 — Sinclair’s AMP Sports announced fan events and programming initiatives (including a June 23 Draft Night event) and expanded podcast and local sports programming; the company launched NextGen TV consumer education efforts and appointed senior leaders to growth roles. July 2026 — the company repurchased portions of its Term Loan B facilities at discounts, reducing outstanding term loan balances.
Technical Analysis
ADX at 18.31 indicates no established trend strength; directional readings show momentum deterioration rather than a clear directional trend.
DI+ has peaked and reversed, a bearish signal; DI- dipped and then reversed, reinforcing near-term downside directional pressure.
MACD has peaked and reversed while sitting at the signal level (MACD = 0.08, signal = 0.08), indicating bearish momentum without a fresh bullish MACD crossover to support upward follow-through.
MRO registers +21.33 and has peaked then reversed; the positive MRO suggests price sits above the technical target and the peak-and-reverse behavior points to likely downward pressure from current levels.
RSI at 50.73 has peaked and reversed, consistent with waning upward momentum and a neutral-to-bearish short-term stance rather than oversold or overbought extremes.
Price sits marginally above the short- and long-term averages (price close $14.35 vs. 20‑day avg $14.32 and 200‑day avg $14.33). The 12‑day EMA and other short EMAs have peaked and reversed, implying recent mean reversion attempts lost traction near the moving averages.
Ichimoku components place price near the Tenkan/Kijun band (Tenkan $14.06, Kijun $14.71), signaling limited immediate directional conviction; low 42‑day and 52‑week volatility and below‑average volume (current volume 311,994 vs. 10‑day avg 373,624) show weak participation behind recent moves.
Fundamental Analysis
Profitability: EBIT $115.0M and EBITDA $201.0M produce an EBIT margin of 13.69%, well above the industry peer mean (≈2.48%) and median (≈2.88%), and materially higher than the industry peer range’s central values; YoY EBIT margin expanded ~16.90% while QoQ margin compressed about 3.12%.
Top line: total revenue $840.0M with YoY revenue growth of 2.97% and QoQ change of -2.18%, indicating modest organic revenue expansion year-over-year but recent quarter weakness sequentially.
Profitability to shareholders: net income totaled -$76.0M and EPS actual -$1.61 versus an estimate of -$0.30, producing an EPS surprise ratio of -436.7%, reflecting a sizable miss to consensus and negative bottom-line performance in the latest period.
Liquidity and cash: cash and short‑term investments $604.0M and operating cash flow $66.0M; cash ratio ~0.85 and current ratio ~1.94, which support near‑term obligations but offer limited cushion versus total liabilities.
Leverage: total debt $4.192B, net debt $3.455B, debt-to-equity ~1,103% (11.03x) and debt-to-EBITDA ~20.9x — leverage levels materially exceed typical peer multiples and present a clear capitalization risk despite recent repurchases of term loan tranches in July 2026 that trimmed balances.
Returns and margins: return on equity -20.0% and return on assets -1.35% remain negative, while gross margin stands at 49.52% and free cash flow $46.0M (free cash flow yield ~4.53%). Operating margin sits at 6.55% versus an industry peer mean that is lower; the company shows pockets of operational strength but weak bottom‑line conversion and negative retained earnings.
Valuation: WMDST values the stock as under‑valued. Market multiples show price-to-book ~2.67 (above the industry peer mean ≈2.39) and price-to-sales ~1.21 (below the industry peer mean ≈8.43). Forward EPS remains negative (forward EPS -$0.491) and forward P/E is negative, reflecting continued near-term earnings pressure.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-06-30 |
| REPORT DATE: | 2026-08-05 |
| NEXT REPORT DATE: | 2026-11-04 |
| CASH FLOW | Begin Period Cash Flow | $ 844.0 M |
| Operating Cash Flow | $ 66.0 M | |
| Capital Expenditures | $ -20.00 M | |
| Change In Working Capital | $ 5.0 M | |
| Dividends Paid | $ -18.00 M | |
| Cash Flow Delta | $ -240.00 M | |
| End Period Cash Flow | $ 604.0 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 840.0 M | |
| Forward Revenue | $ 98.1 M | |
| COSTS | ||
| Cost Of Revenue | $ 424.0 M | |
| Depreciation | $ 26.0 M | |
| Depreciation and Amortization | $ 68.0 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 785.0 M | |
| PROFITABILITY | ||
| Gross Profit | $ 416.0 M | |
| EBITDA | $ 201.0 M | |
| EBIT | $ 115.0 M | |
| Operating Income | $ 55.0 M | |
| Interest Income | — | |
| Interest Expense | $ 80.0 M | |
| Net Interest Income | $ -80.00 M | |
| Income Before Tax | $ 35.0 M | |
| Tax Provision | $ 112.0 M | |
| Tax Rate | 40.0 % | |
| Net Income | $ -76.00 M | |
| Net Income From Continuing Operations | $ -77.00 M | |
| EARNINGS | ||
| EPS Estimate | $ -0.30 | |
| EPS Actual | $ -1.61 | |
| EPS Difference | $ -1.31 | |
| EPS Surprise | -436.667 % | |
| Forward EPS | $ -0.49 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 5.5 B | |
| Intangible Assets | $ 2.7 B | |
| Net Tangible Assets | $ -2.32 B | |
| Total Current Assets | $ 1.4 B | |
| Cash and Short-Term Investments | $ 604.0 M | |
| Cash | $ 604.0 M | |
| Net Receivables | $ 647.0 M | |
| Inventory | — | |
| Long-Term Investments | $ 65.0 M | |
| LIABILITIES | ||
| Accounts Payable | — | |
| Short-Term Debt | $ 23.0 M | |
| Total Current Liabilities | $ 714.0 M | |
| Net Debt | $ 3.5 B | |
| Total Debt | $ 4.2 B | |
| Total Liabilities | $ 5.2 B | |
| EQUITY | ||
| Total Equity | $ 380.0 M | |
| Retained Earnings | $ -263.00 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 5.26 | |
| Shares Outstanding | 72.263 M | |
| Revenue Per-Share | $ 11.62 | |
| VALUATION | Market Capitalization | $ 1.0 B |
| Enterprise Value | $ 4.6 B | |
| Enterprise Multiple | 22.907 | |
| Enterprise Multiple QoQ | -93.712 % | |
| Enterprise Multiple YoY | -58.854 % | |
| Enterprise Multiple IPRWA | high: 28.28 SBGI: 22.907 mean: 8.023 median: 4.84 low: -71.178 |
|
| EV/R | 5.481 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 14.424 | |
| Asset To Liability | 1.059 | |
| Debt To Capital | 0.917 | |
| Debt To Assets | 0.765 | |
| Debt To Assets QoQ | -2.136 % | |
| Debt To Assets YoY | 2.011 % | |
| Debt To Assets IPRWA | high: 0.987 SBGI: 0.765 mean: 0.479 low: 0.445 median: 0.445 |
|
| Debt To Equity | 11.032 | |
| Debt To Equity QoQ | 14.128 % | |
| Debt To Equity YoY | -6.318 % | |
| Debt To Equity IPRWA | SBGI: 11.032 high: 5.209 mean: 1.795 median: 1.24 low: -5.997 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 2.674 | |
| Price To Book QoQ | 17.172 % | |
| Price To Book YoY | 3.8 % | |
| Price To Book IPRWA | SBGI: 2.674 high: 2.529 mean: 2.387 median: 2.375 low: -1.394 |
|
| Price To Earnings (P/E) | -8.735 | |
| Price To Earnings QoQ | -199.729 % | |
| Price To Earnings YoY | -42.963 % | |
| Price To Earnings IPRWA | high: 218.206 mean: 48.234 median: 37.234 SBGI: -8.735 low: -77.461 |
|
| PE/G Ratio | 0.045 | |
| Price To Sales (P/S) | 1.21 | |
| Price To Sales QoQ | -8.402 % | |
| Price To Sales YoY | 1.979 % | |
| Price To Sales IPRWA | high: 9.401 median: 9.401 mean: 8.43 SBGI: 1.21 low: 0.984 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | -31.47 | |
| Forward PE/G | 0.161 | |
| Forward P/S | 11.416 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -78.537 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.149 | |
| Asset Turnover Ratio QoQ | 8.42 % | |
| Asset Turnover Ratio YoY | 8.966 % | |
| Asset Turnover Ratio IPRWA | high: 0.228 SBGI: 0.149 mean: 0.092 low: 0.089 median: 0.089 |
|
| Receivables Turnover | 1.315 | |
| Receivables Turnover Ratio QoQ | 7.347 % | |
| Receivables Turnover Ratio YoY | 8.987 % | |
| Receivables Turnover Ratio IPRWA | high: 3.305 median: 3.305 mean: 3.0 SBGI: 1.315 low: 1.23 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 69.415 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 69.415 | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | SBGI: 69.415 high: 47.163 mean: 28.714 low: 25.556 median: 25.556 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 1.246 | |
| CapEx To Revenue | -0.024 | |
| CapEx To Depreciation | -0.769 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 4.4 B | |
| Net Invested Capital | $ 4.4 B | |
| Invested Capital | $ 4.4 B | |
| Net Tangible Assets | $ -2.32 B | |
| Net Working Capital | $ 674.0 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.846 | |
| Current Ratio | 1.944 | |
| Current Ratio QoQ | -19.757 % | |
| Current Ratio YoY | 2.862 % | |
| Current Ratio IPRWA | high: 5.201 median: 5.201 mean: 4.66 SBGI: 1.944 low: 0.931 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 20.856 | |
| Cost Of Debt | 1.103 % | |
| Interest Coverage Ratio | 1.438 | |
| Interest Coverage Ratio QoQ | -334.978 % | |
| Interest Coverage Ratio YoY | 1864.603 % | |
| Interest Coverage Ratio IPRWA | high: 20.229 median: 20.229 mean: 17.511 SBGI: 1.438 low: -1.335 |
|
| Operating Cash Flow Ratio | -0.034 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | — | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | -4.222 | |
| Dividend Payout Ratio | -0.237 | |
| Dividend Rate | $ 0.25 | |
| Dividend Yield | 0.018 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -5.107 % | |
| Revenue Growth | 4.089 % | |
| Revenue Growth QoQ | -217.873 % | |
| Revenue Growth YoY | 296.605 % | |
| Revenue Growth IPRWA | high: 42.765 % mean: 4.14 % SBGI: 4.089 % low: -2.49 % median: -2.49 % |
|
| Earnings Growth | -195.266 % | |
| Earnings Growth QoQ | -116.272 % | |
| Earnings Growth YoY | 687.363 % | |
| Earnings Growth IPRWA | high: 250.0 % median: 66.667 % mean: 38.406 % SBGI: -195.266 % low: -500.0 % |
|
| MARGINS | ||
| Gross Margin | 49.524 % | |
| Gross Margin QoQ | 1.179 % | |
| Gross Margin YoY | 6.666 % | |
| Gross Margin IPRWA | high: 53.387 % SBGI: 49.524 % mean: 37.106 % median: 34.368 % low: 26.738 % |
|
| EBIT Margin | 13.69 % | |
| EBIT Margin QoQ | -312.446 % | |
| EBIT Margin YoY | 1689.542 % | |
| EBIT Margin IPRWA | high: 287.997 % median: 287.997 % mean: 248.009 % SBGI: 13.69 % low: -11.78 % |
|
| Return On Sales (ROS) | 6.548 % | |
| Return On Sales QoQ | 55.424 % | |
| Return On Sales YoY | 71.1 % | |
| Return On Sales IPRWA | high: 18.164 % mean: 14.843 % low: 14.279 % median: 14.279 % SBGI: 6.548 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 46.0 M | |
| Free Cash Flow Yield | 4.526 % | |
| Free Cash Flow Yield QoQ | 72.288 % | |
| Free Cash Flow Yield YoY | -59.908 % | |
| Free Cash Flow Yield IPRWA | SBGI: 4.526 % high: 4.417 % mean: 0.383 % low: -0.304 % median: -0.304 % |
|
| Free Cash Growth | 64.286 % | |
| Free Cash Growth QoQ | -199.58 % | |
| Free Cash Growth YoY | -106.096 % | |
| Free Cash Growth IPRWA | SBGI: 64.286 % high: -5.243 % mean: -169.247 % low: -197.53 % median: -197.53 % |
|
| Free Cash To Net Income | -0.605 | |
| Cash Flow Margin | -2.857 % | |
| Cash Flow To Earnings | 0.316 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.01 | |
| Return On Assets (ROA) | -1.35 % | |
| Return On Assets QoQ | -495.894 % | |
| Return On Assets YoY | 20.751 % | |
| Return On Assets IPRWA | high: 20.946 % median: 20.946 % mean: 17.919 % SBGI: -1.35 % low: -8.306 % |
|
| Return On Capital Employed (ROCE) | 2.412 % | |
| Return On Equity (ROE) | -0.2 | |
| Return On Equity QoQ | -566.962 % | |
| Return On Equity YoY | 12.81 % | |
| Return On Equity IPRWA | high: 0.598 median: 0.598 mean: 0.519 low: 0.053 SBGI: -0.2 |
|
| DuPont ROE | -17.946 % | |
| Return On Invested Capital (ROIC) | 1.554 % | |
| Return On Invested Capital QoQ | -341.304 % | |
| Return On Invested Capital YoY | 1312.727 % | |
| Return On Invested Capital IPRWA | high: 28.172 % median: 28.172 % mean: 24.238 % SBGI: 1.554 % low: -2.273 % |
|