Added to YB: 2024-09-26
Pitch date: 2024-09-24
SIRI [bullish]
Sirius XM Holdings Inc.
-3.94%
current return
Author Info
Waterboy Stocks is a value investor sharing stock pitches on their blog. Sign up for the newsletter.
Company Info
Sirius XM Holdings Inc. operates as an audio entertainment company in North America. It operates through two segments, Sirius XM, and Pandora and Off-platform.
Market Cap
$7.1B
Pitch Price
$22.64
Price Target
N/A
Dividend
5.15%
EV/EBITDA
7.42
P/E
7.42
EV/Sales
2.02
Sector
Media
Category
value
Sirius XM Holdings Inc. - $SIRI
SIRI: 31% owned by Berkshire. Stock down 50% YTD on 1% sub loss. Mid-teens FCF yield. Ted Weschler likely behind investment. Expecting aggressive buybacks, debt management. $1.8B FCF by 2028 (+50%). 14% FCF yield. Potential triple dip: earnings growth, capital returns, multiple re-rate. 1.5% churn rate.
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