Added to YB: 2026-03-05
Pitch date: 2026-03-03
GLIBK [bullish]
GCI Liberty, Inc.
-0.26%
current return
Author Info
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Company Info
GCI Liberty, Inc., through its subsidiaries, provides a range of data, wireless, video, voice, and managed services in Alaska.
Market Cap
$1.6B
Pitch Price
$39.00
Price Target
111.00 (+187%)
Dividend
N/A
EV/EBITDA
5.09
P/E
-3.95
EV/Sales
2.19
Sector
Diversified Telecommunication Services
Category
value
GCI Liberty: Cash Cow Asset With Tax Shields and M&A Optionality
GLIBK: Alaska telecom monopoly (90% gov funding, 70% broadband) w/ ~$350M FCF. $1B tax step-up = zero cash taxes for decade. Under-levered at ~$630M net debt vs 3-3.5x target = $2B M&A capacity. Malone (7% equity, 51% votes) buying shares, backstopped $300M rights offering. Trades 10x EV/FCF vs peers at premium despite superior tax shields. Starlink risk overblown per hospital/school research. Downside: 9x FCF standalone. Upside: 15x+ FCF if M&A executes = 100-200% return over 3yrs
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