Financials Charter Communications, Inc.

Equities

CHTR

US16119P1084

Integrated Telecommunications Services

Market Closed - Nasdaq Other stock markets 04:00:00 2024-05-17 pm EDT			5-day change	1st Jan Change
273 ^USD	-1.63%		-0.92%	-29.76%

May. 14	Charter Communications Closes $3 Billion Notes Offering	MT
May. 14	Transcript : Charter Communications, Inc. Presents at MoffettNathanson's Media, Internet & Communications Conference, May-14-2024 10:00 AM

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	104,186	132,227	116,892	52,619	57,494	39,323	-	-
Enterprise Value (EV) ¹	179,781	213,981	207,852	149,577	154,562	135,822	135,812	136,595
P/E ratio	65.1 x	43 x	26.6 x	11 x	13 x	8.42 x	8.05 x	7.09 x
Yield	-	-	-	-	-	-	-	-
Capitalization / Revenue	2.28 x	2.75 x	2.26 x	0.97 x	1.05 x	0.72 x	0.72 x	0.72 x
EV / Revenue	3.93 x	4.45 x	4.02 x	2.77 x	2.83 x	2.49 x	2.5 x	2.48 x
EV / EBITDA	10.7 x	11.6 x	10.1 x	6.92 x	7.06 x	6.16 x	6.11 x	5.96 x
EV / FCF	39.5 x	30.3 x	23.9 x	24.5 x	44.3 x	52.6 x	50.4 x	33.7 x
FCF Yield	2.53%	3.3%	4.18%	4.08%	2.26%	1.9%	1.98%	2.97%
Price to Book	3.24 x	5.38 x	8.02 x	5.68 x	5.32 x	2.29 x	1.81 x	1.63 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	273.0	273.0	273.0
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	54,507	54,318	54,978
EBITDA ¹	16,855	18,518	20,630	21,616	21,894	22,042	22,241	22,914
EBIT ¹	6,511	8,405	10,526	11,962	12,559	12,704	12,722	13,273
Operating Margin	14.23%	17.48%	20.37%	22.14%	23%	23.31%	23.42%	24.14%
Earnings before Tax (EBT) ¹	2,431	4,302	6,388	7,462	6,854	7,190	7,198	7,459
Net income ¹	1,668	3,222	4,654	5,055	4,557	4,772	4,815	5,152
Net margin	3.64%	6.7%	9.01%	9.36%	8.35%	8.76%	8.86%	9.37%
EPS ²	7.450	15.40	24.47	30.74	29.99	32.42	33.90	38.49
Free Cash Flow ¹	4,553	7,070	8,684	6,102	3,490	2,584	2,695	4,059
FCF margin	9.95%	14.7%	16.8%	11.3%	6.39%	4.74%	4.96%	7.38%
FCF Conversion (EBITDA)	27.01%	38.18%	42.09%	28.23%	15.94%	11.73%	12.12%	17.71%
FCF Conversion (Net income)	272.96%	219.43%	186.59%	120.71%	76.59%	54.15%	55.98%	78.78%
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	13,593	13,530	13,678	13,515	13,508
EBITDA ¹	5,379	5,213	5,509	5,412	5,482	5,350	5,522	5,449	5,573	5,497	5,491	5,486	5,658	5,495	5,596
EBIT ¹	2,956	2,771	3,227	2,924	3,040	2,926	3,240	3,126	3,267	3,131	3,116	3,129	3,256	3,109	3,206
Operating Margin	22.37%	20.99%	23.73%	21.58%	22.23%	21.43%	23.72%	23.01%	23.83%	22.89%	22.92%	23.12%	23.8%	23%	23.74%
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	1,783	1,795	1,919	1,782	1,867
Net income ¹	1,610	1,203	1,471	1,185	1,196	1,021	1,223	1,255	1,058	1,106	1,172	1,181	1,271	1,136	1,189
Net margin	12.19%	9.11%	10.82%	8.75%	8.75%	7.48%	8.95%	9.24%	7.72%	8.09%	8.63%	8.73%	9.29%	8.41%	8.8%
EPS ²	8.930	6.900	8.800	7.380	7.690	6.650	8.050	8.250	7.070	7.550	8.021	8.062	8.583	7.993	8.434
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	96,499	96,489	97,272
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	4.485 x	4.415 x	4.409 x	4.485 x	4.434 x	4.378 x	4.338 x	4.245 x
Free Cash Flow ¹	4,553	7,070	8,684	6,102	3,490	2,584	2,695	4,059
ROE (net income / shareholders' equity)	4.93%	11.7%	24.6%	43.6%	45.1%	32.2%	25.9%	25.5%
ROA (Net income/ Total Assets)	1.13%	2.2%	3.25%	3.52%	3.12%	3.44%	3.46%	3.67%
Assets ¹	147,159	146,195	143,350	143,506	145,871	138,659	139,029	140,258
Book Value Per Share ²	150.0	123.0	81.30	59.70	73.00	119.0	151.0	168.0
Cash Flow per Share ²	52.50	69.60	84.10	90.80	95.00	94.20	100.0	85.70
Capex ¹	7,195	7,415	7,635	9,376	11,115	12,254	12,405	10,812
Capex / Sales	15.72%	15.42%	14.77%	17.36%	20.35%	22.48%	22.84%	19.67%
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

273 USD

Average target price

335.2 USD

Spread / Average Target

+22.76%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Integrated Telecommunications Services

	1st Jan change	Capi.
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NIPPON TELEGRAPH AND TELEPHONE CORPORATION	-11.90%	82.11B
CHINA TELECOM CORPORATION LIMITED	+19.25%	71.25B
AMÉRICA MÓVIL, S.A.B. DE C.V.	+4.19%	61.45B
SAUDI TELECOM COMPANY	-5.94%	50.52B
EMIRATES TELECOMMUNICATIONS GROUP COMPANY	-18.02%	38.12B
BCE INC.	-10.37%	31.35B

Other Integrated Telecommunications Services