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DCF valuation

What is Sinclair, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Sinclair, Inc.'s reported free cash flow gives -$32.72 per share. The share price was $12.78 on September 25, 2026, 139% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$115M
Average free cash flow, last 5 years
$242.6M
Cash
$604M
balance sheet of June 30, 2026
Debt
$4.04B
balance sheet of June 30, 2026
Diluted shares, fiscal 2025
69,118,000
Revenue growth per year, last 4 years
-15.2%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear-10.0%-4.0%2.0%10.0%-$38.91-404%
Base-5.0%-1.0%2.5%9.0%-$32.72-356%
Bull0.0%1.5%3.0%8.0%-$21.19-266%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%-$28.61-$27.40-$25.92-$24.07-$21.69
8.0%-$31.64-$30.86-$29.93-$28.82-$27.46
9.0%-$33.88-$33.34-$32.72-$32.00-$31.15
10.0%-$35.60-$35.21-$34.78-$34.29-$33.72
11.0%-$36.96-$36.68-$36.37-$36.01-$35.62

Where the presets come from

Base: years 1 to 5 grow at Sinclair, Inc.'s revenue growth rate over the last 4 fiscal years (-15.2% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.

Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.

Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.

This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.

Adjust the assumptions

Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.

Adjust the assumptions

Sinclair, Inc. company page