Sonic Automotive Inc
SAH—
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Sonic Automotive Inc AI Insights
Informational only. Not investment advice.Snapshot
- Debt/equity of 3.9x with 4.2B total debt vs 1.1B equity; interest expense (190M TTM) consumes 35% of operating income[Debt to Equity]
- FCF of 434M TTM (2.9% yield on EV) covers 190M interest 2.3x, but net debt of 3.4B is 6.4x normalized EBITDA[Free Cash Flow TTM]
- Asset turnover 2.58x vs industry median 1.6x - capital-efficient dealer model despite thin 0.9% net margin[Asset Turnover TTM]
Watch Triggers
- Interest Expense TTM: Rises above 200M or exceeds 40% of operating income — Signals refinancing at higher rates; could flip FCF negative
- Inventory: Exceeds 2.3B or days inventory rises above 60 — 2.1B inventory (68% of current assets) - buildup signals demand weakness
- Operating Margin TTM: Falls below 3% or gross margin below 15% — Already thin at 3.6%; further compression threatens debt service
Bull Case
P/E 8.9x and P/S 0.15x vs industry medians of 11.9x and 0.32x; if margins stabilize, multiple expansion possible
PE RatioPS RatioPCF Ratio
588M operating cash flow TTM with only 154M capex = 74% FCF conversion; dividend payout 14% leaves capital for debt reduction
Cash Flow TTMFree Cash Flow TTMDividend Payout Ratio Avg 5yr
Bear Case
Tangible book value only 194M vs 1.1B equity; goodwill 623M (58% of equity) creates impairment risk in downturn
Tangible Book ValueGoodwillCommon Stockholders Equity
EPS declined -0.3% 5yr CAGR vs industry median +19%; net margin 0.9% vs 2.4% median shows structural profit weakness
EPS Growth 5yrNet Margin TTM
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
35%
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Forward Thesis
Deleveraging via FCF will be primary value driver as interest burden compresses margins
1-3ymed
- 434M annual FCF available for debt paydown
- 190M interest expense = 1.3% revenue drag
- Current debt 2B due near-term requires refinancing
FCF 434M TTM vs 190M interest expenseNet debt 3.4B on 162M normalized EBITDAP/CF ratio 3.9x vs industry 11.1x median
Valuation Context
Caveats
Public Strategies Rankings
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SAH Fundamentals
Retail Trade → Motor Vehicle and Parts Dealers
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$2.36B | — | ||
$6.58B | — | ||
20 | — | ||
$15.15B | +6.5% | — | |
$3.42 | +9.1% | — | |
3.57% | +0.3% | — | |
0.78% | -0.7% | — | |
$417.5M | — | ||
11.1% | -11.0% | — | |
Beta 5Y (Monthly) | unknown | — |
SAH Dividend History
84 dividends
2026
$0.380003/13/26$0.3800
2025
$1.460012/15/25$0.3800
09/15/25$0.3800
06/13/25$0.3500
03/14/25$0.3500
2024
$1.250012/13/24$0.3500
09/13/24$0.3000
06/14/24$0.3000
03/14/24$0.3000
2023
$1.160012/14/23$0.3000
09/14/23$0.2900
06/14/23$0.2900
03/14/23$0.2800
2022
$1.030012/14/22$0.2800
09/14/22$0.2500
06/14/22$0.2500
03/14/22$0.2500
2021
$0.460012/14/21$0.1200
09/14/21$0.1200
06/14/21$0.1200
03/12/21$0.1000
2020
$0.400012/14/20$0.1000
09/14/20$0.1000
06/12/20$0.1000
03/12/20$0.1000
2019
$0.400012/12/19$0.1000
09/12/19$0.1000
06/13/19$0.1000
03/14/19$0.1000
2018
$0.240012/13/18$0.0600
09/13/18$0.0600
06/14/18$0.0600
03/14/18$0.0600
2017
$0.200012/14/17$0.0500
09/14/17$0.0500
06/13/17$0.0500
03/13/17$0.0500
2016
$0.200012/13/16$0.0500
09/13/16$0.0500
06/13/16$0.0500
03/11/16$0.0500
2015
$0.112512/11/15$0.0375
09/11/15$0.0250
06/11/15$0.0250
03/11/15$0.0250
2014
$0.100012/11/14$0.0250
09/11/14$0.0250
06/11/14$0.0250
03/12/14$0.0250
2013
$0.100012/11/13$0.0250
09/11/13$0.0250
06/12/13$0.0250
03/13/13$0.0250
2012
$0.100012/12/12$0.0250
09/12/12$0.0250
06/13/12$0.0250
03/13/12$0.0250
2011
$0.100012/13/11$0.0250
09/13/11$0.0250
06/13/11$0.0250
03/11/11$0.0250
2010
$0.025012/13/10$0.0250
2008
$0.480012/11/08$0.1200
09/11/08$0.1200
06/11/08$0.1200
03/12/08$0.1200
2007
$0.480012/12/07$0.1200
09/12/07$0.1200
06/13/07$0.1200
03/13/07$0.1200
2006
$0.480012/13/06$0.1200
09/13/06$0.1200
06/13/06$0.1200
03/13/06$0.1200
2005
$0.480012/13/05$0.1200
09/13/05$0.1200
06/13/05$0.1200
03/11/05$0.1200
2004
$0.440012/13/04$0.1200
09/13/04$0.1200
06/14/04$0.1000
03/11/04$0.1000
2003
$0.200012/11/03$0.1000
09/11/03$0.1000
SAH Stock Splits
No stock splits
SAH SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
02/23/26 | 12/31/25 | Unknown | |
10/23/25 | 09/30/25 | 10-Q | |
07/24/25 | 06/30/25 | 10-Q | |
04/24/25 | 03/31/25 | 10-Q | |
02/19/25 | 12/31/24 | Unknown | |
10/24/24 | 09/30/24 | 10-Q | |
08/08/24 | 06/30/24 | 10-Q | |
04/25/24 | 03/31/24 | 10-Q | |
02/22/24 | 12/31/23 | 10-K | |
10/26/23 | 09/30/23 | 10-Q | |
07/27/23 | 06/30/23 | 10-Q | |
04/27/23 | 03/31/23 | 10-Q | |
02/17/23 | 12/31/22 | 10-K | |
10/28/22 | 09/30/22 | 10-Q | |
07/28/22 | 06/30/22 | 10-Q | |
04/28/22 | 03/31/22 | 10-Q | |
02/25/22 | 12/31/21 | 10-K | |
10/28/21 | 09/30/21 | 10-Q | |
07/29/21 | 06/30/21 | 10-Q | |
10/28/22 | 06/30/21 | 10-Q/A | |
04/29/21 | 03/31/21 | 10-Q | |
02/23/21 | 12/31/20 | 10-K | |
10/29/20 | 09/30/20 | 10-Q | |
07/31/20 | 06/30/20 | 10-Q | |
05/11/20 | 03/31/20 | 10-Q | |
02/21/20 | 12/31/19 | 10-K | |
10/24/19 | 09/30/19 | 10-Q | |
07/25/19 | 06/30/19 | 10-Q | |
04/26/19 | 03/31/19 | 10-Q | |
02/21/19 | 12/31/18 | 10-K | |
10/25/18 | 09/30/18 | 10-Q | |
07/27/18 | 06/30/18 | 10-Q | |
04/26/18 | 03/31/18 | 10-Q | |
02/28/18 | 12/31/17 | 10-K | |
10/26/17 | 09/30/17 | 10-Q | |
07/28/17 | 06/30/17 | 10-Q | |
04/27/17 | 03/31/17 | 10-Q | |
02/27/17 | 12/31/16 | 10-K | |
11/01/16 | 09/30/16 | 10-Q | |
07/27/16 | 06/30/16 | 10-Q | |
04/27/16 | 03/31/16 | 10-Q | |
02/26/16 | 12/31/15 | 10-K | |
10/30/15 | 09/30/15 | 10-Q | |
07/23/15 | 06/30/15 | 10-Q | |
05/08/15 | 03/31/15 | 10-Q | |
02/27/15 | 12/31/14 | 10-K | |
10/23/14 | 09/30/14 | 10-Q | |
07/24/14 | 06/30/14 | 10-Q | |
04/24/14 | 03/31/14 | 10-Q | |
03/03/14 | 12/31/13 | 10-K | |
11/08/13 | 09/30/13 | 10-Q | |
07/26/13 | 06/30/13 | 10-Q | |
04/26/13 | 03/31/13 | 10-Q | |
03/26/13 | 12/31/12 | 10-K | |
10/25/12 | 09/30/12 | 10-Q | |
07/25/12 | 06/30/12 | 10-Q | |
04/27/12 | 03/31/12 | 10-Q | |
03/05/12 | 12/31/11 | 10-K | |
10/31/11 | 09/30/11 | 10-Q | |
08/01/11 | 06/30/11 | 10-Q | |
04/28/11 | 03/31/11 | 10-Q | |
02/24/11 | 12/31/10 | 10-K | |
03/05/12 | 09/30/10 | 10-Q/A | |
10/28/10 | 09/30/10 | 10-Q | |
03/05/12 | 06/30/10 | 10-Q/A | |
07/29/10 | 06/30/10 | 10-Q | |
03/05/12 | 03/31/10 | 10-Q/A | |
04/30/10 | 03/31/10 | 10-Q | |
02/24/10 | 12/31/09 | 10-K | |
10/30/09 | 09/30/09 | 10-Q | |
08/10/09 | 06/30/09 | 10-Q | |
05/08/09 | 03/30/09 | 10-Q | |
03/31/09 | 12/31/08 | 10-K | |
10/31/08 | 09/30/08 | 10-Q | |
07/29/08 | 06/30/08 | 10-Q | |
04/29/08 | 03/30/08 | Unknown | -- |
02/29/08 | 12/31/07 | 10-K | |
11/02/07 | 09/30/07 | 10-Q | |
08/02/07 | 06/30/07 | 10-Q | |
05/10/07 | 03/30/07 | Unknown | -- |
03/16/07 | 12/31/06 | 10-K | |
11/01/06 | 09/30/06 | 10-Q | |
08/03/06 | 06/30/06 | 10-Q | |
05/03/06 | 03/30/06 | Unknown | -- |
03/15/06 | 12/31/05 | 10-K | |
11/02/05 | 09/30/05 | 10-Q | |
08/03/05 | 06/30/05 | 10-Q | |
05/06/05 | 03/30/05 | Unknown | -- |
03/07/05 | 12/31/04 | 10-K | |
11/03/04 | 09/30/04 | 10-Q | |
08/04/04 | 06/30/04 | 10-Q | |
05/05/04 | 03/30/04 | Unknown | -- |
03/09/04 | 12/31/03 | 10-K | |
11/07/03 | 09/30/03 | 10-Q | |
08/14/03 | 06/30/03 | 10-Q | |
05/13/03 | 03/30/03 | Unknown | -- |
03/20/03 | 12/31/02 | 10-K | |
11/13/02 | 09/30/02 | 10-Q | |
08/14/02 | 06/30/02 | 10-Q | |
05/15/02 | 03/30/02 | Unknown | -- |
03/27/02 | 12/31/01 | 10-K405 | |
11/13/01 | 09/30/01 | 10-Q | |
08/14/01 | 06/30/01 | 10-Q | |
05/15/01 | 03/31/01 | 5 | |
04/02/01 | 12/31/00 | 5 | |
11/14/00 | 09/30/00 | 10-Q | |
08/14/00 | 06/30/00 | 10-Q | |
05/15/00 | 03/30/00 | Unknown | -- |