SIRI
Sirius XM Holdings Inc. (SIRI)
Last Price$24.0(0.6%)
Market Cap$8,322.5M
DCF value
$78.2
Undervalued (DCF value)
225.5%
Discount Rate
7.2%
Long-Term Growth Rate
2.5%
Stock quality
4/10
Good

SIRI DCF Model

Free Cash Flow to Firm Model
NOPAT Model
Free Cash Flow to Equity Model
Net Income Model
Millions
Billions
Dec'20 ActualDec'21 ActualDec'22 ActualDec'23 ActualDec'24 ActualDec'25 EstimateDec'26 EstimateDec'27 EstimateDec'28 EstimateDec'29 EstimateDec'30 EstimateDec'31 EstimateDec'32 EstimateDec'33 EstimateDec'34 EstimateDec'35 Terminal
% growth
8,040.0
3.2%
8,696.0
8.2%
9,003.0
3.5%
8,953.0
(0.6%)
8,699.0
(2.8%)
8,592.7
(1.2%)
8,664.4
0.8%
8,794.0
1.5%
8,942.7
1.7%
9,104.4
1.8%
9,279.4
1.9%
9,468.5
2.0%
9,672.4
2.2%
9,891.9
2.3%
10,127.8
2.4%
10,381.0
2.5%
858.0
23.2%
2,015.0
23.2%
2,036.0
22.6%
1,946.0
21.7%
(1,517.0)
(17.4%)
1,669.1
19.4%
1,683.1
19.4%
1,708.2
19.4%
1,737.1
19.4%
1,768.5
19.4%
1,802.5
19.4%
1,839.3
19.4%
1,878.9
19.4%
1,921.5
19.4%
1,967.3
19.4%
2,016.5
19.4%
NOPAT
% effective tax rate
261.4
3.3%
1,735.1
20.0%
1,538.7
17.1%
1,612.7
18.0%
(1,346.2)
(15.5%)
1,481.2
17.2%
1,493.6
17.2%
1,515.9
17.2%
1,541.5
17.2%
1,569.4
17.2%
1,599.6
17.2%
1,632.2
17.2%
1,667.3
17.2%
1,705.2
17.2%
1,745.8
17.2%
1,789.5
17.2%
% of revenue
562.0
7.0%
583.0
6.7%
585.0
6.5%
599.0
6.7%
622.0
7.2%
582.5
6.8%
587.4
6.8%
596.2
6.8%
606.3
6.8%
617.2
6.8%
629.1
6.8%
641.9
6.8%
655.7
6.8%
670.6
6.8%
686.6
6.8%
703.8
6.8%
% of revenue
(350.0)
(4.4%)
(388.0)
(4.5%)
(426.0)
(4.7%)
(650.0)
(7.3%)
(728.0)
(8.4%)
(583.2)
(6.8%)
(588.0)
(6.8%)
(596.8)
(6.8%)
(606.9)
(6.8%)
(617.9)
(6.8%)
(629.8)
(6.8%)
(642.6)
(6.8%)
(656.5)
(6.8%)
(671.4)
(6.8%)
(687.4)
(6.8%)
(704.5)
(6.8%)
(268.0)
(3.3%)
(411.0)
(4.7%)
(379.0)
(4.2%)
(234.0)
(2.6%)
0.0
0.0%
(195.4)
(2.3%)
(197.1)
(2.3%)
(200.0)
(2.3%)
(203.4)
(2.3%)
(207.1)
(2.3%)
(211.1)
(2.3%)
(215.4)
(2.3%)
(220.0)
(2.3%)
(225.0)
(2.3%)
(230.4)
(2.3%)
(236.1)
(2.3%)
Free Cash Flow to Firm (FCFF)
% of revenue
513.1
6.4%
1,519.1
17.5%
1,318.7
14.6%
1,327.7
14.8%
(1,452.2)
(16.7%)
1,285.1
15.0%
1,295.8
15.0%
1,315.2
15.0%
1,337.5
15.0%
1,361.7
15.0%
1,387.8
15.0%
1,416.1
15.0%
1,446.6
15.0%
1,479.4
15.0%
1,514.7
15.0%
1,552.6
15.0%
% of FCFF used in calculation
83.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
Discount period
0.50
1.50
2.50
3.50
4.50
5.50
6.50
7.50
8.50
9.50
Discount factor
0.97
0.90
0.84
0.79
0.73
0.68
0.64
0.60
0.56
0.52
Discounted FCFF (DFCFF)
1,030.6
1,168.3
1,106.6
1,050.2
997.8
949.1
903.8
861.7
822.4
785.8

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SIRI DCF Value

DCF Value Calculation

as of Mar 03, 2025
Sum of DFCFF
% share of EV
9,676.3M
35.9%
Terminal Value (TV)
33.4B
Discounted TV
% share of EV
17.3B
64.1%
Total Debt
61.0M
Shares outstanding
346.2M
FX rate
1.0
225.5% undervalued

Equity Value Bridge

SIRI DCF Financials

Revenue
$8,699.0M -> $10.1B 1.5% CAGR
Operating Income
($1,517.0M) -> $1,967.3M N/A CAGR
FCFF
($1,452.2M) -> $1,514.7M N/A CAGR

SIRI DCF sensitivity

DCF value
Long-term Terminal growth rate
1.5%
2.0%
2.5%
3.0%
3.5%
WACC
6.0%
$87.0
$94.0
$98.0
$98.0
$98.0
6.5%
$78.0
$84.0
$91.0
$96.0
$96.0
7.2%
$69.0
$73.0
$78.0
$84.0
$92.0
7.5%
$65.0
$69.0
$73.0
$78.0
$84.0
8.0%
$60.0
$63.0
$66.0
$70.0
$75.0
DCF value, undervalued / overvalued
Long-term Terminal growth rate
1.5%
2.0%
2.5%
3.0%
3.5%
WACC
6.0%
262.0%
291.0%
308.0%
308.0%
308.0%
6.5%
224.0%
249.0%
279.0%
299.0%
299.0%
7.2%
187.0%
204.0%
224.0%
249.0%
283.0%
7.5%
170.0%
187.0%
204.0%
224.0%
249.0%
8.0%
150.0%
162.0%
175.0%
191.0%
212.0%

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FAQ

What is Sirius XM Holdings Inc. DCF (discounted cash flow) valuation?

As of Mar 03, 2025, Sirius XM Holdings Inc.'s Discounted Cash Flow (DCF) valuation estimates its share price at $78.2. This suggests it may be undervalued by 225.5% compared to its current price of around $24.0, using a WACC of 7.2% and growth rates of 2.5%.

What is Sirius XM Holdings Inc. WACC?

As of Mar 03, 2025, Sirius XM Holdings Inc.'s Weighted Average Cost of Capital (WACC) is approximately 7.2%.

What is Sirius XM Holdings Inc. Enterprise Value?

As of Mar 03, 2025, Sirius XM Holdings Inc.'s Enterprise Value (EV) is approximately $27.0B. This value reflects the company's total market capitalization plus debt, minus cash and cash equivalents, providing a comprehensive measure of its overall value in the market.