Added to YB: 2024-01-02
Pitch date: 2023-12-30
CHTR [bullish]
Charter Communications, Inc.
-46.59%
current return
Author Info
Company Info
Charter Communications, Inc. operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States.
Market Cap
$26.5B
Pitch Price
$386.84
Price Target
656.00 (+218%)
Dividend
N/A
EV/EBITDA
5.69
P/E
5.68
EV/Sales
2.32
Sector
Media
Category
value
Charter: Mid-Single-Digit Underlying Growth; Likely Reacceleration in 2024
$CHTR undervalued; 1-offs skew financials. Res rev +mid single digits ex-video. Adj EBITDA similarly +mid single digits ex 1-offs. 4.1% FCF yield post-capex, 5.6% ex high-split. 2024 EBITDA growth to pick up. $388.68 has 69% upside, 19% ann return to '26. Assumes mid single digit cable EBITDA growth, $750M mobile EBITDA '26, lower capex post-'25 for $8B/$67 FCF/share '26. More upside if FWA constrained or mobile beats. Buy.
Read full article (9 min)