Sirius XM Holdings Inc Stock Research

Market Summary

USD3.97+0.01

Market Closed

0.25%

SIRI Stock Price

SIRI RSI Chart

SIRI Valuation

Market Cap

15.4B

Price/Earnings (Trailing)

12.73

Price/Sales (Trailing)

1.72

EV/EBITDA

9.62

Price/Free Cashflow

9.97

SIRI Price/Sales (Trailing)

SIRI Profitability

EBT Margin

17.83%

Return on Assets

12.1%

Free Cashflow Yield

10.03%

SIRI Fundamentals

SIRI Revenue

Revenue (TTM)

9.0B

Revenue Y/Y

0.09%

Revenue Q/Q

0.13%

SIRI Earnings

Earnings (TTM)

1.2B

Earnings Y/Y

14.42%

Earnings Q/Q

47.77%

Price Action

52 Week Range

3.436.77

(Low)(High)

Last 7 days

5.3%

Last 30 days

-7.0%

Last 90 days

-31.7%

Trailing 12 Months

-38.9%

SIRI Financial Health

Current Ratio

0.35

Debt/Cashflow

0.21

SIRI Investor Care

Dividend Yield

8.57%

Dividend/Share (TTM)

0.34

Buy Backs (1Y)

1.92%

Diluted EPS (TTM)

0.31

Peers (Alternatives to Sirius XM Holdings)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CHTR	56.5B	54.0B	-1.36%	-34.45%	11.18	1.05	4.53%	8.62%
SIRI	15.4B	9.0B	-7.03%	-38.86%	12.73	1.72	3.53%	-7.69%
MID-CAP
NYT	6.5B	2.3B	0.39%	-14.76%	37.21	2.8	11.25%	-20.94%
NXST	6.4B	5.2B	-5.92%	-2.26%	6.54	1.22	12.10%	16.37%
DISH	4.9B	16.7B	-16.55%	-70.52%	2.09	0.3	-6.72%	-3.38%
CABO	4.0B	1.7B	2.43%	-52.06%	17.29	2.37	6.24%	-19.77%
SMALL-CAP
ATUS	1.6B	9.6B	-18.76%	-72.60%	7.97	0.16	-4.39%	-80.35%
SBGI	1.2B	3.9B	9.16%	-38.76%	0.45	0.31	-35.94%	740.58%
AMCX	760.1M	3.1B	-23.20%	-56.73%	100.1	0.25	0.62%	-96.97%
IHRT	580.9M	3.9B	-29.86%	-79.40%	-2.2	0.15	9.95%	-66.25%
EVC	513.9M	893.8M	-7.77%	-5.12%	22.05	0.58	28.05%	-53.48%
UONE	352.0M	483.5M	9.58%	20.80%	8.34	0.73	14.03%	-27.43%
TSQ	136.3M	453.4M	10.96%	-37.45%	11.99	0.3	9.02%	-45.63%
CMLS	67.3M	953.5M	-30.51%	-62.91%	4.15	0.07	4.04%	-6.04%

Financials for Sirius XM Holdings

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	0.0%	9,003	9,000	8,918	8,824	8,696
Gross Profit	0.8%	4,920	4,882	4,853	4,773	-
S&GA Expenses	-8.0%	1,075	1,169	1,157	1,112	1,056
R&D Expenses	2.9%	285	277	275	268	265
Costs and Expenses	-1.2%	6,967	7,052	6,809	6,553	6,681
EBITDA	3.3%	2,563	2,482	2,563	2,730	-
EBITDA Margin	3.2%	0.28*	0.28*	0.29*	0.31*	-
Earnings Before Taxes	5.0%	1,605	1,528	1,604	1,776	1,526
EBT Margin	5.0%	0.18*	0.17*	0.18*	0.20*	-
Interest Expenses	1.4%	422	416	420	419	415
Net Income	3.9%	1,213	1,167	1,263	1,404	1,314
Net Income Margin	3.9%	0.13*	0.13*	0.14*	0.16*	-
Free Cahsflow	3.1%	1,550	1,504	1,538	1,654	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-0.4%	10,022	10,059	10,270	10,163	10,274
Current Assets	0.6%	1,038	1,032	1,133	1,056	1,180
Cash Equivalents	46.2%	57.00	39.00	126	76.00	191
Goodwill	0%	3,249	3,249	3,249	3,180	3,151
Liabilities	-2.2%	13,373	13,675	13,849	13,750	12,899
Current Liabilities	8.4%	2,981	2,751	2,884	2,821	2,980
Long Term Debt	-5.4%	9,256	9,782	9,866	9,832	8,832
Retained Earnings	7.1%	-3,351	-3,609	-3,586	-3,612	-2,636
Additional Paid-In Capital	NaN%	-	-	-	-	-
Accumulated Depreciation	2.8%	3,013	2,931	2,835	2,760	-
Shares Outstanding	-0.1%	3,891	3,895	3,908	3,940	3,967

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	2.5%	1,976	1,927	1,958	2,061	1,998
Share Based Compensation	0.5%	197	196	196	196	202
Cashflow From Investing	3.0%	-548	-565	-343	-264	-200
Cashflow From Financing	-5.1%	-1,562	-1,486	-2,613	-1,780	-1,682
Dividend Payments	377.6%	1,280	268	-	-	-
Buy Backs	-31.8%	647	948	1,082	1,207	1,523

Risks for SIRI

What is the probability of a big loss on SIRI?

46.1%

Probability that Sirius XM Holdings stock will be more than 20% underwater in next one year

21.9%

Probability that Sirius XM Holdings stock will be more than 30% underwater in next one year.

1.5%

Probability that Sirius XM Holdings stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does SIRI drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Sirius XM Holdings was unfortunately bought at previous high price.

Drawdowns

Returns for SIRI

Cumulative Returns on SIRI

3.7%

10-Year Cumulative Returns

1.5%

7-Year Cumulative Returns

-6.9%

5-Year Cumulative Returns

-4.6%

3-Year Cumulative Returns

What are the long-term rolling returns for SIRI?

FIve years rolling returns for Sirius XM Holdings.

Annualized Returns

Which funds bought or sold SIRI recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-23	MetLife Investment Management, LLC	added	0.48	2,285	84,703	-%
2023-03-17	American Portfolios Advisors	added	4.03	-2,488	77,918	-%
2023-03-15	B. Riley Wealth Advisors, Inc.	reduced	-79.87	-309,705	80,295	-%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	5.62	4,536,100	61,071,100	0.07%
2023-03-10	MATHER GROUP, LLC.	added	13.19	53,543	391,543	0.01%
2023-03-06	OLD MISSION CAPITAL LLC	sold off	-100	-97,000	-	-%
2023-03-06	Rockefeller Capital Management L.P.	added	0.18	5,000	165,000	-%
2023-03-03	TIAA, FSB	reduced	-49.00	-265,348	289,652	-%
2023-03-02	LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA	new	-	124,188	124,188	-%
2023-03-01	Regal Investment Advisors LLC	added	0.43	2,418	93,418	0.01%

Latest Funds Activity

Are funds buying SIRI calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own SIRI

No. of Funds

Sirius XM Holdings News

Schedule 13G FIlings of Sirius XM Holdings

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Nov 04, 2021	liberty media corp	80.2%	3,205,832,796	SC 13D/A

SIRI Fair Value

Sirius XM Holdings fair value in different scenarios

The table shows the Fair Value estimates for Sirius XM Holdings for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	2.39 -39.80%	3.55 -10.58%	5.22 31.49%	7.53 89.67%	9.47 138.54%
Current Inflation	2.12 -46.60%	3.10 -21.91%	4.50 13.35%	6.42 61.71%	8.03 102.27%
Very High Inflation	1.78 -55.16%	2.56 -35.52%	3.65 -8.06%	5.15 29.72%	6.39 60.96%

Historical Sirius XM Holdings Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Sirius XM Holdings

View All Filings

Date Filed	Form Type	Document
Mar 10, 2023	4	Insider Trading
Mar 06, 2023	8-K	Current Report
Feb 27, 2023	4	Insider Trading
Feb 27, 2023	4	Insider Trading
Feb 27, 2023	4	Insider Trading
Feb 27, 2023	4	Insider Trading
Feb 27, 2023	4	Insider Trading
Feb 27, 2023	4	Insider Trading
Feb 27, 2023	4	Insider Trading
Feb 27, 2023	4	Insider Trading

Latest Insider Trading transactions for SIRI

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2021-11-01	Liberty Media Corp	bought	-	-	43,658,800	-

About Sirius XM Holdings

Jennifer C. Witz

www.siriusxm.com

5590

Sirius XM Holdings Inc. provides satellite radio services on a subscription fee basis in the United States. It broadcasts music, sports, entertainment, comedy, talk, news, traffic, and weather channels, including various music genres, such as rock, pop and hip-hop, country, dance, jazz, Latin, and classical; live play-by-play sports from various leagues and colleges; various talk and entertainment channels for a range of audiences; national, international, and financial news; and limited run channels. The company also provides streaming service that includes a range of music and non-music channels, and podcasts, as well as channels that are not available on its satellite radio service; and offers applications to allow consumers to access its streaming service on smartphones, tablets, computers, home devices, and other consumer electronic equipment, as well as connected vehicle services. In addition, it distributes satellite radios through automakers and retailers, as well as its website. Further, the company provides location-based services through two-way wireless connectivity, including safety, security, convenience, remote vehicles diagnostic, maintenance and data, and stolen or parked vehicle locator services. Additionally, it offers satellite television services, which offer music channels on the DISH Network satellite television service as a programming package; Travel Link, a suite of data services that include graphical weather, fuel prices, sports schedule and scores, and movie listings; and real-time traffic and weather services. The company was incorporated in 2013 and is headquartered in New York, New York. Sirius XM Holdings Inc. is a subsidiary of Liberty Media Corporation.

SIRI Income Statement

2022-12-31

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenue:
Total revenue	$ 9,003	$ 8,696	$ 8,040
Cost of services:
Subscriber acquisition costs	352	325	362
Sales and marketing	1,075	1,056	957
Engineering, design and development	285	265	263
General and administrative	525	514	511
Depreciation and amortization	536	533	506
Impairment, restructuring and acquisition costs	64	20	1,004
Total operating expenses	6,967	6,681	7,182
Income from operations	2,036	2,015	858
Other (expense) income:
Interest expense	(422)	(415)	(394)
Loss on extinguishment of debt	0	(83)	(40)
Other (expense) income	(9)	9	6
Total other expense	(431)	(489)	(428)
Income before income taxes	1,605	1,526	430
Income tax expense	(392)	(212)	(299)
Net income	1,213	1,314	131
Foreign currency translation adjustment, net of tax	(19)	0	7
Total comprehensive income	$ 1,194	$ 1,314	$ 138
Net income per common share:
Basic (in USD per share)	$ 0.31	$ 0.32	$ 0.03
Diluted (in USD per share)	$ 0.31	$ 0.32	$ 0.03
Weighted average common shares outstanding:
Basic (in shares)	3,916	4,062	4,330
Diluted (in shares)	3,990	4,143	4,429
Subscriber revenue
Revenue:
Total revenue	$ 6,892	$ 6,614	$ 6,372
Advertising revenue
Revenue:
Total revenue	1,772	1,730	1,340
Equipment revenue
Revenue:
Total revenue	189	201	173
Cost of services:
Cost of services	13	18	19
Other revenue
Revenue:
Total revenue	150	151	155
Revenue share and royalties
Cost of services:
Cost of services	2,802	2,672	2,421
Programming and content
Cost of services:
Cost of services	604	559	481
Customer service and billing
Cost of services:
Cost of services	497	501	481
Transmission
Cost of services:
Cost of services	$ 214	$ 218	$ 177

SIRI Balance Sheet

2022-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 57	$ 191
Receivables, net	655	722
Related party current assets	42	21
Prepaid expenses and other current assets	284	246
Total current assets	1,038	1,180
Property and equipment, net	1,499	1,450
Intangible assets, net	3,050	3,186
Goodwill	3,249	3,151
Related party long-term assets	488	526
Deferred tax assets	147	200
Operating lease right-of-use assets	315	358
Other long-term assets	236	223
Total assets	10,022	10,274
Current liabilities:
Accounts payable and accrued expenses	1,248	1,299
Accrued interest	165	173
Current portion of deferred revenue	1,322	1,454
Current maturities of debt	196	0
Operating lease current liabilities	50	49
Related party current liabilities	0	5
Total current liabilities	2,981	2,980
Long-term deferred revenue	81	97
Long-term debt	9,256	8,832
Deferred tax liabilities	565	478
Operating lease liabilities	320	362
Other long-term liabilities	170	150
Total liabilities	13,373	12,899
Commitments and contingencies (Note 16)
Stockholders’ equity (deficit):
Common stock, par value $0.001 per share; 9,000 shares authorized; 3,891 and 3,968 shares issued; 3,891 and 3,967 shares outstanding at December 31, 2022 and December 31, 2021, respectively	4	4
Accumulated other comprehensive (loss) income, net of tax	(4)	15
Treasury stock, at cost; 0 and 1 share of common stock at December 31, 2022 and December 31, 2021, respectively	0	(8)
Accumulated deficit	(3,351)	(2,636)
Total stockholders’ equity (deficit)	(3,351)	(2,625)
Total liabilities and stockholders’ equity (deficit)	$ 10,022	$ 10,274