Comcast Q4 Earnings: Short-Term Challenges; Solid Fundamentals

Comcast Xfinity Service Van

hapabapa

Investment Thesis

Although we see short-term challenges, we believe Comcast (NASDAQ:CMCSA) can better compete with fiber and FWA with its network upgrades. Further, mobile has ample room for growth, as millions of Xfinity internet users have not yet subscribed to

Chart
Data by YCharts

Cable's broadband net adds

Cable’s broadband net adds (Companies)

FWA's net adds

FWA’s net adds (Companies)

Cable's mobile net adds (thousand)

Cable’s mobile net adds (thousand) (Companies)

Chart
Data by YCharts
Chart
Data by YCharts

Chart
Data by YCharts
Cash flow margins (%)

Cash flow margins (%) (Company)

Comcast's debt maturities as of 4Q21 ($ million)

Comcast’s debt maturities as of 4Q21 ($ million) (Company)

Our 10-year reverse DCF model

Our 10-year reverse DCF model (Vektor Research)

Be the first to comment

Leave a Reply

Your email address will not be published.


*