Newsmax Inc. (NMAX) vs Sinclair, Inc. (SBGI)

Newsmax Inc. and Sinclair, Inc. are both Broadcasting companies. Newsmax Inc. and Sinclair, Inc. are of similar size ($1.0B and $958.4M). Sinclair, Inc. trades at the lower P/E: 10.3× against 142×. Newsmax Inc. grew revenue faster over the last twelve months: 11.1% against 1.17%. Sinclair, Inc. has the higher net margin (2.84% vs −3.15%) and the higher return on invested capital (4.90% vs 0.00%). Across the 18 metrics below, Sinclair, Inc. leads on 12 and Newsmax Inc. on 6.

Valuation

Metric NMAX SBGI Broadcasting median
P/E 142.34 10.31 —
P/S 4.70 0.30 0.17
P/B 8.44 3.09 0.33
Price to free cash flow n/m 3.93 4.26
EV/EBITDA n/m 8.01 8.58
EV/Sales 4.07 1.30 1.30
Earnings yield 0.70% 9.70% (17.97%)
Free cash flow yield (7.50%) 25.46% 0.00%

Profitability

Metric NMAX SBGI Broadcasting median
Gross margin 39.64% 0.00% 39.64%
Operating margin (7.40%) 8.62% (12.31%)
Net margin (3.15%) 2.84% (8.55%)
Free cash flow margin (35.23%) 7.76% (0.22%)
Return on equity (5.82%) 31.53% (5.70%)
Return on assets (2.62%) 1.73% (5.59%)
Return on invested capital 0.00% 4.90% (0.41%)

Growth

Metric NMAX SBGI Broadcasting median
Revenue growth (TTM) 11.13% 1.17% (11.30%)
EPS growth (last fiscal year) 50.77% (134.54%) (73.57%)
Revenue growth, 5-year CAGR — (11.82%) 2.61%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric NMAX SBGI Broadcasting median
Debt to equity 0.00 12.12 0.46
Current ratio 2.39 1.97 1.26
Net debt to EBITDA 1.40 7.09 1.40

Dividend

Metric NMAX SBGI Broadcasting median
Dividend yield — 7.03% 7.03%
Payout ratio — 0.73 —

Size

Metric NMAX SBGI Broadcasting median
Market cap 958.37m 1.02b 157.84m

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