Financials Charter Communications, Inc.

Equities

CHTR

US16119P1084

Integrated Telecommunications Services

Market Closed - Nasdaq Other stock markets 04:00:00 2024-04-26 pm EDT			5-day change	1st Jan Change
254.6 ^USD	-1.73%		-4.00%	-34.49%

Apr. 26	Telecoms Climb After Alphabet, Snap Earnings - Communications Services Roundup	DJ
Apr. 26	Charter Communications reports higher-than-expected broadband subscriber losses	RE

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	104,186	132,227	116,892	52,619	57,494	36,671	-	-
Enterprise Value (EV) ¹	179,781	213,981	207,852	149,577	154,562	134,902	136,127	138,363
P/E ratio	65.1 x	43 x	26.6 x	11 x	13 x	7.88 x	7.12 x	6.14 x
Yield	-	-	-	-	-	-	-	-
Capitalization / Revenue	2.28 x	2.75 x	2.26 x	0.97 x	1.05 x	0.67 x	0.67 x	0.66 x
EV / Revenue	3.93 x	4.45 x	4.02 x	2.77 x	2.83 x	2.48 x	2.47 x	2.48 x
EV / EBITDA	10.7 x	11.6 x	10.1 x	6.92 x	7.06 x	6.08 x	6.06 x	5.97 x
EV / FCF	39.5 x	30.3 x	23.9 x	24.5 x	44.3 x	48.9 x	47.9 x	26.9 x
FCF Yield	2.53%	3.3%	4.18%	4.08%	2.26%	2.05%	2.09%	3.72%
Price to Book	3.24 x	5.38 x	8.02 x	5.68 x	5.32 x	2.28 x	1.91 x	1.75 x
Nbr of stocks (in thousands)	214,780	199,875	179,291	155,172	147,920	144,030	-	-
Reference price ²	485.1	661.6	652.0	339.1	388.7	254.6	254.6	254.6
Announcement Date	1/31/20	1/29/21	1/28/22	1/27/23	2/2/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	45,764	48,097	51,682	54,022	54,607	54,471	55,023	55,704
EBITDA ¹	16,855	18,518	20,630	21,616	21,894	22,186	22,474	23,172
EBIT ¹	6,511	8,405	10,526	11,962	12,559	12,664	12,955	13,498
Operating Margin	14.23%	17.48%	20.37%	22.14%	23%	23.25%	23.54%	24.23%
Earnings before Tax (EBT) ¹	2,431	4,302	6,388	7,462	6,854	7,326	7,581	7,975
Net income ¹	1,668	3,222	4,654	5,055	4,557	4,653	5,026	5,417
Net margin	3.64%	6.7%	9.01%	9.36%	8.35%	8.54%	9.13%	9.72%
EPS ²	7.450	15.40	24.47	30.74	29.99	32.31	35.75	41.47
Free Cash Flow ¹	4,553	7,070	8,684	6,102	3,490	2,760	2,844	5,152
FCF margin	9.95%	14.7%	16.8%	11.3%	6.39%	5.07%	5.17%	9.25%
FCF Conversion (EBITDA)	27.01%	38.18%	42.09%	28.23%	15.94%	12.44%	12.66%	22.23%
FCF Conversion (Net income)	272.96%	219.43%	186.59%	120.71%	76.59%	59.32%	56.59%	95.12%
Dividend per Share ²	-	-	-	-	-	-	-	-
Announcement Date	1/31/20	1/29/21	1/28/22	1/27/23	2/2/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	13,212	13,200	13,598	13,550	13,674	13,653	13,659	13,584	13,711	13,679	13,624	13,560	13,694	13,604	13,592
EBITDA ¹	5,379	5,213	5,509	5,412	5,482	5,350	5,522	5,449	5,573	5,497	5,515	5,506	5,649	5,524	5,661
EBIT ¹	2,956	2,771	3,227	2,924	3,040	2,926	3,240	3,126	3,267	3,131	3,126	3,131	3,259	3,145	3,242
Operating Margin	22.37%	20.99%	23.73%	21.58%	22.23%	21.43%	23.72%	23.01%	23.83%	22.89%	22.95%	23.09%	23.8%	23.12%	23.85%
Earnings before Tax (EBT) ¹	2,058	1,734	2,197	1,727	1,804	1,557	1,857	1,805	1,635	1,726	1,812	1,853	2,008	1,818	1,904
Net income ¹	1,610	1,203	1,471	1,185	1,196	1,021	1,223	1,255	1,058	1,106	1,162	1,190	1,286	1,161	1,214
Net margin	12.19%	9.11%	10.82%	8.75%	8.75%	7.48%	8.95%	9.24%	7.72%	8.09%	8.53%	8.78%	9.39%	8.54%	8.93%
EPS ²	8.930	6.900	8.800	7.380	7.690	6.650	8.050	8.250	7.070	7.550	8.206	8.152	8.686	7.821	8.426
Dividend per Share ²	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	1/28/22	4/29/22	7/29/22	10/28/22	1/27/23	4/28/23	7/28/23	10/27/23	2/2/24	4/26/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	75,595	81,754	90,960	96,958	97,068	98,230	99,456	101,692
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	4.485 x	4.415 x	4.409 x	4.485 x	4.434 x	4.428 x	4.425 x	4.389 x
Free Cash Flow ¹	4,553	7,070	8,684	6,102	3,490	2,760	2,844	5,152
ROE (net income / shareholders' equity)	4.93%	11.7%	24.6%	43.6%	45.1%	34%	28.8%	30.4%
ROA (Net income/ Total Assets)	1.13%	2.2%	3.25%	3.52%	3.12%	3.45%	3.4%	3.54%
Assets ¹	147,159	146,195	143,350	143,506	145,871	134,793	147,825	153,023
Book Value Per Share ²	150.0	123.0	81.30	59.70	73.00	112.0	133.0	145.0
Cash Flow per Share ²	52.50	69.60	84.10	90.80	95.00	102.0	112.0	-
Capex ¹	7,195	7,415	7,635	9,376	11,115	12,313	12,383	10,774
Capex / Sales	15.72%	15.42%	14.77%	17.36%	20.35%	22.6%	22.5%	19.34%
Announcement Date	1/31/20	1/29/21	1/28/22	1/27/23	2/2/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Charter Communications, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

254.6 USD

Average target price

352 USD

Spread / Average Target

+38.26%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Integrated Telecommunications Services

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Other Integrated Telecommunications Services