A Business at a Glance
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General Development of Business Liberty Broadband Corporation (“Liberty Broadband,” “the Company,” “us,” “we,” or “our”) is primarily comprised of an equity method investment in Charter. During May 2014, the board of directors of Liberty Media Corporation and its subsidiaries (“Liberty”) authorized management to pursue a plan to spin-off to its stockholders common stock of a wholly owned subsidiary, Liberty Broadband, and to distribute subscription rights to acquire shares of Liberty Broadband’s common stock (the “Broadband Spin-Off”). Liberty Broadband was formed in 2014 as a Delaware corporation. On December 18, 2020, the original GCI Liberty, Inc. (“prior GCI Liberty”), the previous parent company of GCI, was acquired by Liberty Broadband. Through a number of prior years’ transactions, Liberty Broadband has acquired an interest in Charter. Liberty Broadband controls 25.01% of the aggregate voting power of Charter as described below in “Business – Ownership Interests.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 1.0B | 981M | 975M | 988M | - |
| Net Income | -2.7B | 869M | 688M | 1.3B | 732M | 398M |
| EPS | $-16.30 | $5.22 | $4.38 | $7.45 | $3.68 | $2.03 |
| Free Cash Flow | 0 | -421M | -206M | -237M | -131M | 94M |
| ROIC | -0.3% | 7.0% | - | - | 5.3% | 2.2% |
| Gross Margin | - | 86.2% | 96.0% | 80.8% | 73.7% | - |
| Debt/Equity | 0.47 | 0.27 | 0.42 | 0.61 | 0.37 | 0.36 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -36M | -50M | - | - | -98M | -60M |
| Operating Margin | 0.0% | -4.9% | - | - | -9.9% | - |
| ROE | -47.0% | 8.9% | 7.6% | 14.8% | 7.2% | 2.9% |
| Shares Outstanding | 125M | 167M | 157M | 169M | 199M | 196M |
Liberty Broadband Corp passes 5 of 9 quality checks, suggesting mixed fundamentals.
Liberty Broadband Corp trades at 6.8x trailing earnings, compared to its 15-year median P/E of 12.5x, suggesting it is currently Fair relative to its historical range. The company's 5-year average ROIC is 4.8% with a gross margin of 84.2%. Total shareholder yield (buybacks) is 1.4%. At current prices, the estimated annualized return to fair value is +37.5%.
Liberty Broadband Corp (LBRDK) has a current P/E ratio of 6.8, compared to its historical median P/E of 12.5. The stock is currently considered Fair based on its historical valuation range.
Liberty Broadband Corp (LBRDK) has a 5-year average return on invested capital (ROIC) of 4.8%. This is below average and may indicate limited pricing power.
Liberty Broadband Corp (LBRDK) has a market capitalization of $6.3B. It is classified as a mid-cap stock.
Liberty Broadband Corp (LBRDK) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 1.41%.
Based on historical P/E analysis, Liberty Broadband Corp (LBRDK) appears fair. The current P/E of 6.8 is 45% below its historical median of 12.5. The estimated fair value CAGR (P/E method) is 37.5%.
Liberty Broadband Corp (LBRDK) operates in the Cable & Other Pay Television Services industry, within the Communication Services sector.
Liberty Broadband Corp (LBRDK) reported annual revenue of $1.0 billion in its most recent fiscal year, based on SEC EDGAR filings.
Liberty Broadband Corp (LBRDK) has a net profit margin of 85.5%. This is a strong margin indicating high profitability.
Liberty Broadband Corp (LBRDK) generated $-421 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Liberty Broadband Corp (LBRDK) has a debt-to-equity ratio of 0.27. This indicates a conservatively financed balance sheet.
Liberty Broadband Corp (LBRDK) reported earnings per share (EPS) of $5.22 in its most recent fiscal year.
Liberty Broadband Corp (LBRDK) has a return on equity (ROE) of 8.9%. This indicates moderate shareholder returns.
Liberty Broadband Corp (LBRDK) has a 5-year average gross margin of 84.2%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 12 years of financial data for Liberty Broadband Corp (LBRDK), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Liberty Broadband Corp (LBRDK) has a book value per share of $58.77, based on its most recent annual SEC filing.
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