CHTR

Charter Communications Inc

TMT


Presented:07/25/2018
Price:$274.65
Cap:$65.22B
Current Price:$331.94
Cap:$47.38B

Presented

Date07/25/2018
Price$274.65
Market Cap$65.22B
Ent Value$153.87B
P/E Ratio7.52x
Book Value$163.26
Div Yield0%
Shares O/S237.46M
Ave Daily Vol1,857,019
Short Int8.33%

Current

Price$331.94
Market Cap$47.38B
Charter Communications, Inc. provides broadband communications services. Its services include Spectrum TV, Spectrum Internet access, and Spectrum Voice. It offers business-to-business Internet access, data networking, business telephone, video and music entertainment services, and wireless backhaul. It operates through Cable Services segment. Its advertising sales and production services are sold under the Spectrum Reach brand. The company was founded on July 22, 1999 and is headquartered in Stamford, CT.

Publicly traded companies mentioned herein: Charter Communications (CHTR), Verizon Communications Inc (VZ)

Highlights

The presenter is long shares of Charter Communications (CHTR), viewing current sentiment around cable players as “overly negative” and underappreciative of long-term trends. He believes Charter is at “peak pain” in terms of costs associated with the Time Warner integration, and while the next 1 – 2 quarters could be “choppy,” CHTR is in a good position to grow EBITDA and expand EBITDA margins looking out 1 – 3 years. He models $19.00 of fully-taxed FCF per share in 2019, growing to $25.00 in 2020, $32.00 in 2021, and $40.00 in 2022. He sees a 15%+ IRR for CHTR shareholders over the next three years.

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Idea Discussion

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