Event-Driven Stocks

Sinclair Broadcast Group, LLC

Communication Services · Television Broadcasting Stations · MD · SEC filings ↗ · Compare ⊕

Signs4 good3 warningdetails ↓

Financials

SEC XBRL · annual
 FY22FY21FY20FY19FY18FY17
Revenue$1.29B$1.51B$5.94B$4.24B$3.06B$2.64B
Operating income$3.47B$35.0M−$2.77B$470.0M$660.0M$737.0M
Net income$2.65B−$414.0M−$2.41B$47.0M$346.0M$594.0M
Total assets$6.70B$12.54B$13.38B$17.37B$6.57B$6.78B
Total liabilities$5.83B$14.05B$14.38B$14.60B$4.97B$5.25B
Equity$748.0M−$1.77B−$1.27B$1.50B$1.64B$1.57B
EPS (diluted)$35.84$-0.16$-30.20$0.51$3.35$5.72
Shares out.70.7M75.0M79.9M93.2M101.7M100.8M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2022
Operating margin
269.1%
Net margin
205.9%
Return on equity
354.5%
Return on assets
39.6%
Return on capital (ROCE)
56.9%
Liabilities / assets
86.9%
Debt / equity
7.79×
Book value / share
$10.59
Revenue growth (YoY)
−14.8%
Net income growth (YoY)

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2022
Altman Z″ (distress)
4.72safe
Accruals / assets
27.6%high accruals
Piotroski F-Score
8/9strong

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
48
/ 100
Profitability 100Growth 0Catalyst 33Earnings quality 33Financial strength 75

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.

Signs

3 warning4 good
  • Revenue declined year-over-year
  • High leverage (liabilities > 70% of assets)
  • High accruals — earnings-quality risk
  • Operating margin is positive
  • Strong return on equity (>15%)
  • Positive operating cash flow
  • Altman Z″ in the safe zone

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (1)

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