Nexstar Media Group, Inc. (NXST) vs Sinclair, Inc. (SBGI)

Nexstar Media Group, Inc. and Sinclair, Inc. are both Broadcasting companies. Nexstar Media Group, Inc. is the larger, with a market value of $5.8B against $1.0B — 5.7× the size. Sinclair, Inc. trades at the lower P/E: 10.3× against 16.8×. Nexstar Media Group, Inc. grew revenue faster over the last twelve months: 32.3% against 1.17%. Nexstar Media Group, Inc. has the higher net margin (5.07% vs 2.84%) and the higher return on invested capital (6.52% vs 4.90%). Both pay a dividend; Sinclair, Inc. yields more (7.03% vs 3.95%). Across the 23 metrics below, Nexstar Media Group, Inc. leads on 12 and Sinclair, Inc. on 11.

Valuation

Metric NXST SBGI Broadcasting median
P/E 16.81 10.31 —
P/S 0.85 0.30 0.17
P/B 2.37 3.09 0.33
Price to free cash flow 4.41 3.93 4.26
EV/EBITDA 8.89 8.01 8.58
EV/Sales 2.46 1.30 1.30
Earnings yield 5.95% 9.70% (17.97%)
Free cash flow yield 22.68% 25.46% 0.00%

Profitability

Metric NXST SBGI Broadcasting median
Gross margin 100.00% 0.00% 39.64%
Operating margin 20.56% 8.62% (12.31%)
Net margin 5.07% 2.84% (8.55%)
Free cash flow margin 21.40% 7.76% (0.22%)
Return on equity 14.63% 31.53% (5.70%)
Return on assets 2.38% 1.73% (5.59%)
Return on invested capital 6.52% 4.90% (0.41%)

Growth

Metric NXST SBGI Broadcasting median
Revenue growth (TTM) 32.26% 1.17% (11.30%)
EPS growth (last fiscal year) (85.99%) (134.54%) (73.57%)
Revenue growth, 5-year CAGR 1.91% (11.82%) 2.61%
Net income growth, 5-year CAGR (35.30%) 0.00% 0.00%

Health

Metric NXST SBGI Broadcasting median
Debt to equity 4.66 12.12 0.46
Current ratio 1.26 1.97 1.26
Net debt to EBITDA 3.66 7.09 1.40

Dividend

Metric NXST SBGI Broadcasting median
Dividend yield 3.95% 7.03% 7.03%
Payout ratio 0.68 0.73 —

Size

Metric NXST SBGI Broadcasting median
Market cap 5.79b 1.02b 157.84m

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