CMCSA
Comcast Corp
TMT
06/16/2015
Presented
| Date | 06/10/2015 |
| Price | $58.76 |
| Market Cap | N/A |
| Ent Value | $195.70B |
| P/E Ratio | 17.8x |
| Book Value | $20.76 |
| Div Yield | 1.7% |
| Shares O/S | 2,576.90M |
| Ave Daily Vol | 16,700,000 |
| Short Int | 1.16% |
Current
| Price | $42.11 |
| Market Cap | $163.07B |
| Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice services to residential and business customers under the XFINITY brand name. This segment also provides business services, such as cellular backhaul services to mobile network operators; Ethernet network services; and online advertising services. The Cable Networks segment operates national cable networks, which provide entertainment, news and information, and sports content; regional sports and news networks; international channels; and cable television production operations, as well as owns digital media properties. The Broadcast Television segment operates NBC and Telemundo broadcast networks, NBC and Telemundo owned local broadcast television stations, and broadcast television production operations, as well as owns digital media properties. The Filmed Entertainment segment produces, acquires, markets, and distributes live-action and animated filmed entertainment under the Universal Pictures, Focus Features, and Illumination names. This segment also develops, produces, and licenses stage plays, as well as owns digital media properties. The Theme Parks segment operates theme parks; studios; Island of adventures; and a dining, retail, and entertainment complex. Comcast Corporation was founded in 1963 and is headquartered in Philadelphia, Pennsylvania. |
Publicly traded companies mentioned herein: Apple Inc (AAPL), Charter Communications Inc (CHTR), Comcast Corp (CMCSA), Time Warner Cable (TWC)
Highlights
Shares of Comcast (CMCSA) appear to be attractively valued at ~$58. The stock has underperformed recently with the combined effect of “deal limbo” and investor focus on Time Warner Cable/ Charter having created a buying opportunity. The presenter is long the stock and likes the entry point at 8x 2015 EBITDA estimates. He sees substantial upside to CMCSA’s FCF as he forecasts flat capex looking out to 2017 - 2018, a point that sparked a debate among participants, and assuming his estimates are correct shares should trade up to $70 - $80 over the next 12-24 months.
◆Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.
◆Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.