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SBGI (Sinclair) ROE % : 99.60% (As of Sep. 2024)


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What is Sinclair ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Sinclair's annualized net income for the quarter that ended in Sep. 2024 was $376 Mil. Sinclair's average Total Stockholders Equity over the quarter that ended in Sep. 2024 was $378 Mil. Therefore, Sinclair's annualized ROE % for the quarter that ended in Sep. 2024 was 99.60%.

The historical rank and industry rank for Sinclair's ROE % or its related term are showing as below:

SBGI' s ROE % Range Over the Past 10 Years
Min: -2117.54   Med: 35.97   Max: Negative Equity
Current: -51.26

During the past 13 years, Sinclair's highest ROE % was Negative Equity%. The lowest was -2,117.54%. And the median was 35.97%.

SBGI's ROE % is ranked worse than
88.93% of 967 companies
in the Media - Diversified industry
Industry Median: 2.13 vs SBGI: -51.26

Sinclair ROE % Historical Data

The historical data trend for Sinclair's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Sinclair ROE % Chart

Sinclair Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.99 -2,117.54 - Negative Equity -56.34

Sinclair Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -27.30 -293.02 29.77 20.21 99.60

Competitive Comparison of Sinclair's ROE %

For the Broadcasting subindustry, Sinclair's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Sinclair's ROE % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Sinclair's ROE % distribution charts can be found below:

* The bar in red indicates where Sinclair's ROE % falls into.



Sinclair ROE % Calculation

Sinclair's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %=Net Income (A: Dec. 2023 )/( (Total Stockholders Equity (A: Dec. 2022 )+Total Stockholders Equity (A: Dec. 2023 ))/ count )
=-291/( (748+285)/ 2 )
=-291/516.5
=-56.34 %

Sinclair's annualized ROE % for the quarter that ended in Sep. 2024 is calculated as

ROE %=Net Income (Q: Sep. 2024 )/( (Total Stockholders Equity (Q: Jun. 2024 )+Total Stockholders Equity (Q: Sep. 2024 ))/ count )
=376/( (340+415)/ 2 )
=376/377.5
=99.60 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Sep. 2024) net income data. ROE % is displayed in the 30-year financial page.


Sinclair  (NAS:SBGI) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=376/377.5
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(376 / 3668)*(3668 / 5735.5)*(5735.5 / 377.5)
=Net Margin %*Asset Turnover*Equity Multiplier
=10.25 %*0.6395*15.1934
=ROA %*Equity Multiplier
=6.55 %*15.1934
=99.60 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=376/377.5
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (376 / 500) * (500 / 664) * (664 / 3668) * (3668 / 5735.5) * (5735.5 / 377.5)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.752 * 0.753 * 18.1 % * 0.6395 * 15.1934
=99.60 %

Note: The net income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (Sep. 2024) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Sinclair ROE % Related Terms

Thank you for viewing the detailed overview of Sinclair's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Sinclair Business Description

Traded in Other Exchanges
Address
10706 Beaver Dam Road, Hunt Valley, MD, USA, 21030
Sinclair Inc. is the owner-operator of the second largest portfolio of television stations in the United States, with 185 full power stations in 86 markets. Of the firm's roughly 600 channels, 150 are affiliated with the four national broadcasters—Fox, ABC, CBS, and NBC—with over 80 other channels aligned with The CW (Nexstar) and MyNetworkTV (Fox). Sinclair owns the Tennis Channel and stakes in Marquee Sports Network and YES Network, providing their content to pay-TV distributors.
Executives
David R Bochenek officer: Controller and CAO 10706 BEAVER DAM ROAD, COCKEYSVILLE MD 21030
Daniel C Keith director 102 W PENNSYLVANIA AVE, STE 501, TOWSON MD 21204
David B Gibber officer: SVP & General Counsel 10706 BEAVER DAM ROAD, HUNT VALLEY MD 21030
Howard E Friedman director 6201 GREEN MEADOW WAY, BALTIMORE MD 21209
Jeffrey Edward Lewis officer: Chief Compliance Officer 10706 BEAVER DAM ROAD, HUNT VALLEY MD 21030
Benjamin Sr Carson director PO BOX 3599, BATTLE CREEK MI 49016-3599
Lawrence E Mccanna director 36 S CHARLES ST, STE 1800, BALTIMORE MD 21201
Frederick G Smith director, 10 percent owner, officer: Vice President 10706 BEAVER DAM RD, COCKEYSVILLE MD 21030
J Duncan Smith director, 10 percent owner, officer: Secretary 10706 BEAVER DAM RD, COCKEYSVILLE MD 21030
Laurie R Beyer director 6331 FALCONWOOD STREET, MIDDLE RIVER MD 21220
David D Smith director, 10 percent owner, officer: President C/O SINCLAIR BROADCAST GROUP, 2000 WEST 41ST ST, BALTIMORE MD 21211-1420
Justin Leroy Bray officer: VP & Treasurer 10706 BEAVER DAM ROAD, HUNT VALLEY MD 21030
Lucy Rutishauser officer: Treasurer and VP Corp. Finance 10706 BEAVER DAM RD, COCKEYSVILLE MD 21203
Barry Faber officer: Vice President-General Counsel 10706 BEAVER DAM ROAD, COCKEYSVILLE MD 21203
Benson E Legg director 393 SILVER MOSS DRIVE, VERO BEACH FL 32963