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SKYD price
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SKYD · Skydance Corporation
The numbers, the scorecard and what analysts say, with the source for each. Information, not advice.
Value Scorecard · run 2026-10-18
13 value checks: 12 scored 1 to 5 where the data allows, plus moat evidence
23/50
low-moderate value score10 of 12 checks scored10 of the 12 checks that carry a score were scored from the data available. 2 could not be scored (Retained Earnings, Margin of Safety) and were left out, so the score is out of 50 instead of 60. The label uses the same share of the available points as for a full scorecard. The moat is shown as evidence from the filings, without a score.
Earnings & returns
EPS Trend
1/5Diluted EPS: $6.94 (2021), $1.61 (2022), -$1.02 (2023), -$9.34 (2024). The latest figure is at or below zero; the framework scores that as 1.
ROE Trend
1/5ROE (net income / common equity): 4.5% (2022), -3.0% (2023), -38.0% (2024). Median -3.0%, lowest -38.0%; the framework scores a median 5% or less as 1.
ROIC
1/5ROIC of -14.4%: operating income of -$5.27B divided by $36.54B of capital (total assets $46.17B minus current liabilities $9.63B), fiscal year to Dec 31, 2024, as filed in the 10-K (SEC EDGAR). The framework scores below 5% as 1.
Profit Margins
1/5Net margin of -2.1%; the framework scores a negative net margin as 1; gross margin 33.3%, operating margin 9.3%.
Balance sheet & cash
Debt-to-Equity
3/5Debt-to-equity of 1.26; the framework scores 0.8-1.5 as 3 (total debt $16.20B, total cash $1.63B).
Free Cash Flow
2/5Free cash flow (operating cash flow minus capital expenditure): $599.00M (2021), -$139.00M (2022), $147.00M (2023), $489.00M (2024). It ended at or below 2021; the framework scores that as 2.
Retained Earnings
Not scoredFewer than 3 years of retained earnings figures are available, so it is not scored.
Valuation models
Graham IV
1/5Trailing EPS is -$0.02; the Graham formula requires positive trailing EPS, so no intrinsic value is computed.
DCF Value
5/5FCF/share = $3.511, stage 1 growth = 0.0% (revenue CAGR -1.6% floored at 0%; the company is valued as if it does not grow rather than extrapolating the decline) for 5 years, terminal growth = 3%, discount rate = 10%. Stage 1 PV = $13.31, PV of terminal value = $32.08, DCF value = $45.39. Current price $6.91; price is 84.8% below the model value.
Margin of Safety
Not scoredNeeds both a Graham value and a DCF value. Graham value N/A (not comparable); DCF value $45.39 (price is 84.8% below the model value).
Price-to-Book
5/5P/B of 0.66; the framework scores below 1.0 as 5.
Business quality
Moat Evidence
Not scoredA moat (a brand, a network, switching costs, patents, scale, a licence) is not a number in the filings, so Valerius doesn’t score it. Below are the figures and the words moat analysis starts from, from the company’s own 10-K filings. The conclusion is yours.
Return on capital, each year
Above 15% in 0 of 1 years (2024-2024); lowest -14.4%, highest -14.4%.
Gross margin, each year
Not reported: the filings don’t state a gross profit or cost of revenue figure, as is common for oil and gas companies, banks and insurers.
Competition, in the company’s own words · 10-K filed Feb 25, 2026
We operate in highly competitive industries and markets and compete for creative talent and intellectual property, as well as for audiences, advertisers and distribution of our content. We compete with a wide range of media, technology and entertainment companies with substantial resources to produce, acquire and distribute content globally, including broadcast and cable networks, streaming services, film and television studios, production companies, independent producers and syndicators, television stations and television station groups. We compete with other content creators for creative talent, including producers, directors, actors and writers, as well as for rights to new content ideas and intellectual property and the acquisition of popular programming. We compete for audiences with releases from other film studios, television producers and streaming services, as well as with other forms of entertainment and consumer spending outlets. We compete for audiences and advertising revenues primarily with other television networks; streaming services; social media; websites, apps and other online experiences; radio programming; and print media. Our businesses also face competition from many other entertainment options, including video games, sports and other live entertainment, travel and outdoor recreation. We compete for distribution of our content.
The opening of the company’s “Competition” section in its 10-K, quoted word for word, not summarized or edited. It is the company’s own description, not Valerius’s view, and may include the company’s expectations. Open the filing.
Return on capital = operating income / (total assets − current liabilities), the ROIC row’s definition; 15% is the framework’s return threshold. Gross margin = gross profit / revenue. Both from each year’s 10-K via SEC EDGAR. Moat analysis commonly looks at whether returns and margins held up over many years. These figures don’t say whether the company has an advantage, what it is, or whether it will last.
Capital Allocation
3/5Capital allocation, 2021-2024: dividends or buybacks paid in every year (pass); $1.95B paid out against $1.10B of free cash flow (fail: paid out more than free cash flow); total debt $17.27B to $14.81B, down 14.3% (pass: not up more than 10%); shares outstanding 0.65B to 1.11B, up 70.5% (fail: up more than 2%). 2 of 4 tests passed; the framework scores that as 3.
Filings
Company notices to the SEC
Not scoredThree kinds of event the company reported to the SEC in the last 5 years, from its filings on SEC EDGAR.
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These are events the company reported to the SEC. An auditor change or a late filing can have many causes; each date links to the filing, where the company explains it. Valerius does not score these.
How the Graham and DCF values were calculated
Graham Formula:
Trailing EPS -$0.02 — formula requires positive trailing EPS, no value computed.
DCF:
FCF/share = $3.511
Stage 1 growth = 0.0% for 5 years | terminal growth = 3.0% | discount rate = 10.0%
Stage 1 g floored at 0.0% (3-year revenue CAGR was -1.6%; the company is valued as if it does not grow rather than extrapolating the decline)
Y1: $3.511 → PV $3.192
Y2: $3.511 → PV $2.902
Y3: $3.511 → PV $2.638
Y4: $3.511 → PV $2.398
Y5: $3.511 → PV $2.180
Stage 1 PV sum = $13.31
Terminal value at end of Y5 = $51.66
PV of terminal value = $32.08
DCF value = $45.39
Current price $6.91 vs DCF value $45.39 — price is 84.8% below the model value.Data from yfinance summary figures and financial statements, and from the company’s 10-K filings via SEC EDGAR; computed at a price of $6.91. Every score is calculated from the figures by the framework’s fixed rules, and the explanation beside it is generated from the same figures: Graham value, DCF value, margin of safety, ROIC, profit margins, debt-to-equity, price-to-book, EPS trend, ROE trend, free cash flow, retained earnings and capital allocation. No AI is involved in this scorecard. The moat is shown as evidence, without a score. Read each score with the figures beside it. A check that cannot be scored from the available data is shown as not scored and left out of the composite score. Intrinsic value calculations are model outputs based on stated assumptions, not predictions.
Recent headlines · third-party publishers · not investment advice
In the news
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The 8 newest headlines whose title names the company, shown automatically and never chosen by Valerius. From third-party publishers via Yahoo Finance, linked to the source. Valerius doesn't write or endorse them. Not investment advice.