StockCV
Sirius XM Holdings,  Inc logo

Sirius XM Holdings, Inc

Radio Broadcasting Stations

$26.51
+0.68%
Market cap $8.94B

Sirius XM operates almost exclusively in the US through its SiriusXM and Pandora audio services. SiriusXM is primarily a satellite radio service that offers nationwide coverage and mostly ad-free listening, with proprietary channels and exclusive content.

It is a $8.94B communication services company. Revenue grew 0.4% over the last year, it keeps 10¢ of every dollar of sales as profit, and its net debt equals ~6.2 years of free cash flow. It trades at 10.2× earnings — in the cheapest third of its own history.

Location
New York, NY
Employees
5 119
Sector
Communication Services
Founded
2013
Moved +3.0% on Oct 9, 20262.1σ — unusual for this stock

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Valuation95Growth45Profitability50Health18Quality85Moat51

Strong valuation and quality; Growth and Health lag behind.

Valuation95
  • P/E vs own history25th pct · 20/25
  • FCF yield17.3% · 25/25
  • P/S1.0x · 25/25
  • EV/EBITDA8.1x · 25/25
Growth45
  • Revenue CAGR-0.4% · 0/25
  • Net income CAGR-11.5% · 0/25
  • EPS CAGR ~5Y137.9% · 25/25
  • Fwd implied growth20.7% · 20/25
Profitability50
  • ROIC3.8% · 5/25
  • ROE7.5% · 5/25
  • Net margin10.2% · 20/25
  • Operating margin19.1% · 20/25
Health18
  • Altman Z1.17 · 3/25
  • Current ratio0.46 · 0/25
  • Interest coverage3.3x · 10/25
  • Net cash / debtD/A 35% · 5/25
Quality85
  • Piotroski F6/9 · 15/25
  • Beneish M-3.05 · 25/25
  • FCF conversion176% · 25/25
  • Margin stabilityσ 5.3% · 20/25
Moat51
  • ROIC >12% years7/10 yrs · 20/25
  • Median gross margin22.2% · 6/25
  • FCF-positive years10/10 yrs · 25/25
  • Worst-year net marginworst -19.1% · 0/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

  1. FY2021Financial
    Best year on record
    $1.31B net income
  2. Feb 1, 2019Milestone
    The company agreed to purchase the streaming music service Pandora
  3. FY2016Financial
    First recorded profitable year
    $746M net income
  4. FY2016Financial
    Revenue already above $1B
    $5.02B in first reported year
  5. FY2016Financial
    Positive free cash flow every year since
    10-year streak
  6. May 21, 2013Founded
    SiriusXM Holdings, Inc. was incorporated, and in January 2020, SiriusXM reorganized their corporate…
  7. Jul 29, 2008Acquisition
    Federal Communications Commission (FCC) approved the merger of XM Satellite Radio Holdings Inc
  8. 2004Acquisition
    Mel Karmazin, former president of Viacom, became CEO in November 2004 and remained in that position through the…
  9. Feb 14, 2002Product
    Having secured installation deals with automakers, including BMW, Chrysler and Ford, Sirius launched the initial…
  10. 2000Milestone
    Margolese renamed the company CD Radio, and spent the next five years lobbying the FCC to allow satellite radio to…
  11. 1997Product
    After Margolese had obtained regulatory clearance and "effectively created the industry", the FCC also…
  12. 1992Milestone
    AMSC established a unit called the American Mobile Radio Corporation, dedicated to developing a…

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$4 339 today — price return only
$8.6B revenue in FY2025
Positive free cash flow 10 years in a row
5 119 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

  • High gross margin (52.2%)
  • Strong cash conversion — FCF is 18.0% of revenue

Watch-outs

  • Altman Z-Score 1.17 — elevated financial-distress risk
  • Net debt would take ~6.1 years of free cash flow to repay
  • Loss-making in 1 of the recent years
  • Net debt equals ~6.2 years of free cash flow

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

8 of 11 checks passed
  • Revenue growing+0.4% YoY
  • Profitable$880M TTM
  • Profit growing-9.5% YoY
  • Generates cash$1.55B TTM
  • Debt under control~6.2y of cash flow to repay
  • Established company$8.94B market cap
  • Not printing shares-91.9% shares over ~5y
  • Proven track record9/10 profitable years
  • Financially stableAltman Z 1.2 — distress
  • Pays a dividendyield 4.07%
  • Valuation not extremeP/E 10.2
Peer comparisonSirius XM Holdings, Inc vs 6 largest communication services peers — cap, P/E, growth and margin side by sideOpen ▾
CompanyMarket capP/ERevenue growthNet marginProfile
SIRI this company$8.9B10.2+0.4%10.2%Strained
VZ Verizon Communications$173.7B10.6+1.4%11.6%Strained
TMUS T-Mobile US, Inc.$159.6B15.1+9.7%11.5%Strained
T AT&T Inc.$152.3B7.1+2.6%16.9%Strained
WBD Warner Bros. Discovery, Inc. Series A$77.6B106.6-6.1%-8.8%Strained
CMCSA Comcast Corp$73.4B6.5+0.6%9.0%Strained
ECHO EchoStar Corporation$27.7B—-5.2%-38.7%Mixed

Head-to-head: SIRI vs VZ · SIRI vs TMUS · SIRI vs T

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 2Buy 2Hold 10Sell 4Strong sell 3

Appendix · Financial records

The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of SIRI on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $26.51 · market cap $8.94B.