Professional
Added to YB: 2026-04-15
Pitch date: 2026-04-11
SIRI [neutral]
Sirius XM Holdings Inc.
+0.17%
current return
Author Info
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
$7.9B
Pitch Price
$23.68
Price Target
N/A
Dividend
4.56%
EV/EBITDA
7.50
P/E
10.63
EV/Sales
2.08
Sector
Media
Category
value
Sirius XM (An Excerpt From Our Recent Letter)
SIRI (holding update): Satellite radio + Pandora streaming at 5.6x FCF (18% yield). 2025: Rev -2%, FCF +24% to $1.26B on lower capex. Self-pay subs -301K to 32.9M, but Q4 trend positive (+110K). New companion subs & $7 ad-tier widen funnel. 1.5% churn, best-in-class. Deleveraging from 3.9x to 3.6x, target low-3x by Q4'26. Mgmt guides $1.35B FCF in '26, $1.5B in '27. Expect $1.2B shareholder returns in '27 (15.6% yield). 20%+ biz returns on 18% FCF yield + 10% growth. Re-rating likely.
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