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Comcast

Nasdaq:CMCS.A
Snowflake Description

Established dividend payer and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CMCS.A
Nasdaq
$179B
Market Cap
  1. Home
  2. US
  3. Media
Company description

Comcast Corporation operates as a media and technology company worldwide. The last earnings update was 48 days ago. More info.


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CMCS.A Share Price and Events
7 Day Returns
-0.2%
NasdaqGS:CMCS.A
0.9%
US Media
1.2%
US Market
1 Year Returns
14.4%
NasdaqGS:CMCS.A
7.2%
US Media
3%
US Market
CMCS.A Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Comcast (CMCS.A) -0.2% 4.5% 14% 14.4% 33.2% 59.1%
US Media 0.9% 2.7% 15.9% 7.2% 12.3% 7.5%
US Market 1.2% 2.1% 14.6% 3% 39% 43.5%
1 Year Return vs Industry and Market
  • CMCS.A outperformed the Media industry which returned 7.2% over the past year.
  • CMCS.A outperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
CMCS.A
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Comcast undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Comcast to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Comcast.

NasdaqGS:CMCS.A Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 29 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:CMCS.A
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Media Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.813 (1 + (1- 21%) (62.55%))
1.144
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.14
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.144 * 5.96%)
9.55%

Discounted Cash Flow Calculation for NasdaqGS:CMCS.A using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Comcast is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:CMCS.A DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.55%)
2019 14,249.77 Analyst x18 13,007.89
2020 16,198.64 Analyst x18 13,498.22
2021 17,999.67 Analyst x6 13,691.83
2022 19,858.00 Analyst x4 13,788.96
2023 21,954.00 Analyst x3 13,915.81
2024 23,675.58 Est @ 7.84% 13,699.18
2025 25,169.08 Est @ 6.31% 13,294.14
2026 26,486.62 Est @ 5.23% 12,770.81
2027 27,674.10 Est @ 4.48% 12,180.48
2028 28,769.26 Est @ 3.96% 11,558.95
Present value of next 10 years cash flows $131,406.27
NasdaqGS:CMCS.A DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $28,769.26 × (1 + 2.73%) ÷ (9.55% – 2.73%)
$433,535.02
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $433,535.02 ÷ (1 + 9.55%)10
$174,186.31
NasdaqGS:CMCS.A Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $131,406.27 + $174,186.31
$305,592.58
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $305,592.58 / 4,525.96
$67.52
NasdaqGS:CMCS.A Discount to Share Price
Calculation Result
Value per share (USD) From above. $67.52
Current discount Discount to share price of $39.47
= -1 x ($39.47 - $67.52) / $67.52
41.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Comcast is available for.
Intrinsic value
42%
Share price is $39.47 vs Future cash flow value of $67.52
Current Discount Checks
For Comcast to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Comcast's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Comcast's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Comcast's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Comcast's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:CMCS.A PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $2.56
NasdaqGS:CMCS.A Share Price ** NasdaqGS (2019-03-20) in USD $39.47
United States of America Media Industry PE Ratio Median Figure of 39 Publicly-Listed Media Companies 16.21x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.69x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Comcast.

NasdaqGS:CMCS.A PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:CMCS.A Share Price ÷ EPS (both in USD)

= 39.47 ÷ 2.56

15.42x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Comcast is good value based on earnings compared to the US Media industry average.
  • Comcast is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Comcast's expected growth come at a high price?
Raw Data
NasdaqGS:CMCS.A PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.42x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 29 Analysts
10.2%per year
United States of America Media Industry PEG Ratio Median Figure of 28 Publicly-Listed Media Companies 1.51x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

NasdaqGS:CMCS.A PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.42x ÷ 10.2%

1.51x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Comcast is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Comcast's assets?
Raw Data
NasdaqGS:CMCS.A PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $15.82
NasdaqGS:CMCS.A Share Price * NasdaqGS (2019-03-20) in USD $39.47
United States of America Media Industry PB Ratio Median Figure of 71 Publicly-Listed Media Companies 1.77x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.89x
NasdaqGS:CMCS.A PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:CMCS.A Share Price ÷ Book Value per Share (both in USD)

= 39.47 ÷ 15.82

2.49x

* Primary Listing of Comcast.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Comcast is overvalued based on assets compared to the US Media industry average.
X
Value checks
We assess Comcast's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Media industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Media industry average (and greater than 0)? (1 check)
  5. Comcast has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Comcast expected to perform in the next 1 to 3 years based on estimates from 29 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Comcast expected to grow at an attractive rate?
  • Comcast's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Comcast's earnings growth is positive but not above the United States of America market average.
  • Comcast's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:CMCS.A Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:CMCS.A Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 29 Analysts 10.2%
NasdaqGS:CMCS.A Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 29 Analysts 6.2%
United States of America Media Industry Earnings Growth Rate Market Cap Weighted Average 19.4%
United States of America Media Industry Revenue Growth Rate Market Cap Weighted Average 4.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:CMCS.A Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 29 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:CMCS.A Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 132,103 34,106 2
2022-12-31 127,506 32,784 18,493 5
2021-12-31 121,842 30,509 15,731 11
2020-12-31 117,975 28,782 13,910 29
2019-12-31 112,142 26,557 12,243 29
NasdaqGS:CMCS.A Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 94,507 24,297 11,731
2018-09-30 88,233 24,053 24,198
2018-06-30 87,179 23,191 23,954
2018-03-31 86,730 21,252 23,259
2017-12-31 85,029 21,261 22,735
2017-09-30 83,979 21,693 10,032
2017-06-30 84,217 20,780 9,627
2017-03-31 82,200 20,051 9,134
2016-12-31 80,736 19,691 8,678
2016-09-30 78,623 18,954 8,370
2016-06-30 75,973 19,738 8,129
2016-03-31 75,447 18,932 8,238

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Comcast's earnings are expected to grow by 10.2% yearly, however this is not considered high growth (20% yearly).
  • Comcast's revenue is expected to grow by 6.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:CMCS.A Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 29 Analyst Estimates (S&P Global) See Below

All data from Comcast Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:CMCS.A Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 4.22 4.22 4.22 1.00
2021-12-31 3.54 3.58 3.49 2.00
2020-12-31 3.07 3.39 2.88 12.00
2019-12-31 2.69 2.87 2.60 13.00
NasdaqGS:CMCS.A Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 2.56
2018-09-30 5.25
2018-06-30 5.15
2018-03-31 4.97
2017-12-31 4.83
2017-09-30 2.12
2017-06-30 2.02
2017-03-31 1.91
2016-12-31 1.80
2016-09-30 1.72
2016-06-30 1.66
2016-03-31 1.67

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Comcast is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Comcast's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Comcast has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Comcast performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Comcast's growth in the last year to its industry (Media).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Comcast has delivered over 20% year on year earnings growth in the past 5 years.
  • Comcast's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Comcast's 1-year earnings growth is negative, it can't be compared to the US Media industry average.
Earnings and Revenue History
Comcast's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Comcast Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:CMCS.A Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 94,507.00 11,731.00 34,791.00
2018-09-30 88,233.00 24,198.00 32,012.00
2018-06-30 87,179.00 23,954.00 32,069.00
2018-03-31 86,730.00 23,259.00 31,932.00
2017-12-31 85,029.00 22,735.00 31,968.00
2017-09-30 83,979.00 10,032.00 31,253.00
2017-06-30 84,217.00 9,627.00 30,545.00
2017-03-31 82,200.00 9,134.00 29,986.00
2016-12-31 80,736.00 8,678.00 30,070.00
2016-09-30 78,623.00 8,370.00 28,882.00
2016-06-30 75,973.00 8,129.00 28,176.00
2016-03-31 75,447.00 8,238.00 27,662.00
2015-12-31 74,510.00 8,163.00 27,282.00
2015-09-30 72,997.00 8,117.00 26,365.00
2015-06-30 71,119.00 8,713.00 25,817.00
2015-03-31 69,220.00 8,568.00 25,192.00
2014-12-31 68,775.00 8,380.00 24,703.00
2014-09-30 67,969.00 8,368.00 24,334.00
2014-06-30 67,329.00 7,508.00 24,191.00
2014-03-31 66,755.00 7,250.00 23,885.00
2013-12-31 64,657.00 6,816.00 23,553.00
2013-09-30 63,668.00 6,421.00 23,268.00
2013-06-30 64,061.00 6,802.00 23,044.00
2013-03-31 63,002.00 6,416.00 22,824.00
2012-12-31 62,570.00 6,203.00 22,664.00
2012-09-30 61,675.00 5,972.00 22,225.00
2012-06-30 59,470.00 4,767.00 22,015.00
2012-03-31 58,592.00 4,441.00 21,394.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Comcast has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Comcast used its assets more efficiently than the US Media industry average last year based on Return on Assets.
  • Comcast's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Comcast's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Media industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Comcast has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Comcast's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Comcast's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Comcast's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Comcast's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Comcast's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Comcast Company Filings, last reported 2 months ago.

NasdaqGS:CMCS.A Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 73,818.00 111,743.00 3,814.00
2018-09-30 73,662.00 72,884.00 10,616.00
2018-06-30 73,086.00 64,580.00 5,726.00
2018-03-31 72,064.00 66,717.00 6,030.00
2017-12-31 70,816.00 64,556.00 3,428.00
2017-09-30 57,616.00 64,961.00 4,114.00
2017-06-30 57,299.00 63,568.00 2,693.00
2017-03-31 59,104.00 61,785.00 4,022.00
2016-12-31 57,620.00 61,046.00 5,073.00
2016-09-30 57,149.00 60,428.00 2,807.00
2016-06-30 56,524.00 55,563.00 4,665.00
2016-03-31 55,748.00 55,634.00 5,628.00
2015-12-31 55,199.00 52,621.00 2,316.00
2015-09-30 53,169.00 47,757.00 2,030.00
2015-06-30 53,837.00 48,523.00 3,630.00
2015-03-31 53,610.00 47,133.00 4,095.00
2014-12-31 54,134.00 48,081.00 4,512.00
2014-09-30 54,711.00 48,350.00 5,078.00
2014-06-30 53,387.00 46,549.00 3,854.00
2014-03-31 52,685.00 47,400.00 5,443.00
2013-12-31 52,015.00 47,847.00 5,291.00
2013-09-30 50,987.00 46,525.00 5,735.00
2013-06-30 50,339.00 46,649.00 5,154.00
2013-03-31 49,505.00 47,226.00 4,680.00
2012-12-31 66,794.00 40,458.00 12,415.00
2012-09-30 66,237.00 38,590.00 10,300.00
2012-06-30 64,458.00 37,129.00 4,332.00
2012-03-31 63,979.00 37,785.00 2,435.00
  • Comcast's level of debt (151.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (92% vs 151.4% today).
  • Debt is well covered by operating cash flow (21.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.9x coverage).
X
Financial health checks
We assess Comcast's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Comcast has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Comcast's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.13%
Current annual income from Comcast dividends. Estimated to be 2.39% next year.
If you bought $2,000 of Comcast shares you are expected to receive $43 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Comcast's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Comcast's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).
Upcoming dividend payment

Purchase Comcast on or before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:CMCS.A Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 29 Analyst Estimates (S&P Global) See Below
United States of America Media Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 2.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:CMCS.A Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 1.44 2.00
2022-12-31 1.14 5.00
2021-12-31 1.01 10.00
2020-12-31 0.92 20.00
2019-12-31 0.83 21.00
NasdaqGS:CMCS.A Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-01-23 0.840 2.218
2018-10-25 0.760 2.076
2018-07-26 0.760 2.127
2018-05-09 0.760 2.318
2018-01-24 0.760 2.128
2017-10-26 0.630 1.630
2017-07-27 0.630 1.626
2017-05-10 0.630 1.581
2017-04-27 0.630 1.613
2017-02-03 0.630 1.675
2016-10-26 0.550 1.594
2016-05-11 0.550 1.691
2016-02-10 0.550 1.833
2015-10-27 0.000 0.000
2015-07-23 0.500 1.701
2015-05-21 0.500 1.650
2015-05-04 0.500 1.740
2015-02-27 0.500 1.703
2015-02-24 0.500 1.685
2014-10-23 0.450 1.607
2014-07-24 0.450 1.662
2014-05-21 0.450 1.689
2014-01-28 0.450 1.759
2013-10-23 0.390 1.565
2013-07-24 0.390 1.764
2013-05-15 0.390 1.873
2013-02-12 0.390 1.893
2012-07-25 0.325 1.793
2012-05-31 0.325 2.102
2012-02-15 0.325 2.207
2011-10-27 0.225 1.873
2011-07-21 0.225 2.035
2011-05-11 0.225 1.833
2011-02-16 0.225 1.800
2010-10-21 0.189 1.741
2010-07-28 0.189 2.081
2010-05-20 0.189 2.081
2010-04-28 0.189 2.044
2009-11-04 0.189 2.262
2009-08-06 0.135 1.733
2009-05-13 0.135 1.891
2009-03-23 0.135 1.851

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Comcast's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.4x coverage).
X
Income/ dividend checks
We assess Comcast's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Comcast afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Comcast has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Comcast's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Brian Roberts
COMPENSATION $32,520,224
AGE 58
TENURE AS CEO 16.3 years
CEO Bio

Mr. Brian L. Roberts serves as the Principal Executive Officer of IR-TCI Partners V L P and also has been its Chairman since November 2002 He serves as Principal Executive Officer at NBCUniversal Media, LLC. Mr. Roberts has been the Chairman of Comcast Corporation since May 2004 and has been its Chief Executive Officer since November 2002 and President since February 1990. He has been the Chief Executive Officer, President of Comcast Holdings Corp. since 1990 and serves as its Chief Executive Officer. He serves as a Vice President of Sural Corp. He serves as a Manager of Sural LLC. He served as the Chief Executive Officer of NBCUniversal Media, LLC. He served as the Chief Executive Officer of Comcast Cable Communications, LLC, the General Partner of Cable TV Fund 12-B LTD., Cable TV Fund 12-C LTD., Cable TV Fund 12-D LTD., Cable TV Fund 14-A Ltd. and Cable TV Fund 14-B LTD. He served as the Chief Executive Officer and President of Comcast Cellular Corporation. He served as the Principal Executive Officer of TCI Ventures Five Inc., the general partner of American Cable TV Investors 5 LTD. He served as the President of Jones Intercable, Inc. since April 7, 1999. He served as an Executive Vice President of Comcast since June 1987 and as its Vice President since September 1981. He served as the President at NTL (Triangle) LLC. He served as the President of Old Comcast until November 2002. He has been the Chairman and Director of DreamWorks Animation SKG Inc. since August 22, 2016. He served as the Chairman of Cable Television Laboratories, Inc. He served as the Chairman of Comcast Cable Communications, LLC, the General Partner of Cable TV Fund 12-B LTD., Cable TV Fund 12-C LTD., Cable TV Fund 12-D LTD., Cable TV Fund 14-A Ltd. and Cable TV Fund 14-B Ltd., since November 2002. He served as the Chairman of TCI Ventures Five Inc., the general partner of American Cable TV Investors 5 LTD. since November 2002. He served as the Chairman of NCTA from 2005 to 2007. He serves as Vice Chairman at Innovation Philadelphia Inc. He served as Vice Chairman of Comcast Cable Communications, LLC since April 1999. Mr. Roberts has been a Director of NTL (Triangle) LLC since September 1992, Comcast Corporation since March 1988. He serves as Director and Director of Comcast Cable Communications Inc Comcast Holdings Corp. since 1990 and QVC, Inc., since October 1987. He serves as a Director of Sural Corporation, Comcast Cable Communications Inc., At Home Corporation, Turner Broadcasting System, Inc., Storer Communications, Inc. and Teleport Communications Group Inc. He serves as Member of Board of Trustees of Simon Wiesenthal Center. He served as a Member of Advisory Board of Quadrangle Capital Partners. He served as Director of Cable Television Laboratories, Inc. He served as a Director of Comcast Cellular Corporation. He served as a Director of Jones Intercable, Inc. since April 1999. He served as a Director of The Bank of New York Mellon Corporation from 1999 to April 10, 2007 and served as a Director of its subsidiary The Bank of New York. He served as a Director NBCUniversal Media, LLC. He has won numerous business and industry honors for his leadership. Most recently, he was recognized by Fortune magazine as a "Businessperson of the Year" and named one of America’s top CEOs by Institutional Investor magazine for the eighth time. He is the recipient of the Ambassador for Humanity Award from the USC Shoah Foundation Institute for his visionary leadership and philanthropic work in education and technology. He is also the recipient of the 2004 Humanitarian Award from the Simon Wiesenthal Center and was the 2002 Walter Kaitz Foundation Honoree of the Year for his commitment to diversity in the cable industry. The Police Athletic League of Philadelphia honored Mr. Roberts with its 2002 award for his commitment to youth programs and community partnerships. He is an All-American squash player, he earned a gold medal with the U.S. squash team in 2005 and silver medals at the 1981, 1985 and 1997 Maccabiah Games in Israel. He co-chaired the 2003 Resource Development Campaign for the United Way of Southeastern Pennsylvania and was a founding co-chair of Philadelphia 2000, the nonpartisan host committee for the 2000 Republican National Convention. He is a Member of the Business Roundtable and also served on the President’s Council on Jobs and Competitiveness. He serves as a Member of the Board of Directors of the National Cable & Telecommunications Association (NCTA), where he served as the Chairman for two consecutive terms. He also serves as Director Emeritus of CableLabs, the research and development consortium for the cable industry, where he served three terms as Chairman. Mr. Roberts received a BS from the Wharton School of Finance from the University of Pennsylvania.

CEO Compensation
  • Brian's compensation has been consistent with company performance over the past year.
  • Brian's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Comcast management team in years:

5
Average Tenure
58
Average Age
  • The average tenure for the Comcast management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Brian Roberts

TITLE
Chairman
COMPENSATION
$33M
AGE
58
TENURE
16.3 yrs

Mike Cavanagh

TITLE
Senior EVP & CFO
COMPENSATION
$20M
AGE
52
TENURE
3.7 yrs

David Cohen

TITLE
Senior EVP & Chief Diversity Officer
COMPENSATION
$18M
AGE
63
TENURE
16.7 yrs

Steve Burke

TITLE
Senior Executive Vice President
COMPENSATION
$47M
AGE
59
TENURE
16.3 yrs

Dave Watson

TITLE
Senior Executive Vice President
COMPENSATION
$12M
AGE
60
TENURE
1.9 yrs

Melinda Lindsley

TITLE
Operations Director

Dan Murdock

TITLE
Senior VP
AGE
44
TENURE
2 yrs

Matt Zelesko

TITLE
Senior Vice President of Technology & Product

Karen Buchholz

TITLE
Senior Vice President of Administration
AGE
50
TENURE
5 yrs

Jason Armstrong

TITLE
Senior Vice President of Investor Relations
Board of Directors Tenure

Average tenure and age of the Comcast board of directors in years:

12
Average Tenure
62.5
Average Age
  • The average tenure for the Comcast board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Brian Roberts

TITLE
Chairman
COMPENSATION
$33M
AGE
58
TENURE
14.8 yrs

Donna Langley

TITLE
Chairman of Universal Pictures

Ken Bacon

TITLE
Director
COMPENSATION
$429K
AGE
63
TENURE
16.3 yrs

Edward Breen

TITLE
Lead Independent Director
COMPENSATION
$360K
AGE
62
TENURE
3.2 yrs

Jeffrey Honickman

TITLE
Director
COMPENSATION
$576K
AGE
61
TENURE
13.3 yrs

Fred Shabel

TITLE
Vice Chairman of Comcast Spectacor

Gerald Hassell

TITLE
Director
COMPENSATION
$445K
AGE
66
TENURE
10.8 yrs

Sheldon Bonovitz

TITLE
Director
COMPENSATION
$1M
AGE
80
TENURE
40 yrs

Madeline Bell

TITLE
Director
COMPENSATION
$320K
AGE
56
TENURE
3.1 yrs

David Novak

TITLE
Director
COMPENSATION
$292K
AGE
65
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • Comcast insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
21. Feb 19 Sell David Cohen Individual 19. Feb 19 19. Feb 19 -81,080 $37.69 $-3,055,151
19. Feb 19 Sell Arthur Block Individual 14. Feb 19 14. Feb 19 -1,966 $37.40 $-73,519
14. Feb 19 Sell David Cohen Individual 12. Feb 19 12. Feb 19 -95,356 $37.21 $-3,546,950
07. Feb 19 Sell David Cohen Individual 05. Feb 19 05. Feb 19 -108,870 $37.10 $-4,038,471
25. Jan 19 Sell Daniel Murdock Individual 24. Jan 19 24. Jan 19 -845 $35.55 $-30,036
11. Dec 18 Sell Kenneth Bacon Individual 10. Dec 18 10. Dec 18 -7,636 $37.04 $-282,799
X
Management checks
We assess Comcast's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Comcast has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is Comcast Corporation (NASDAQ:CMCS.A) Better Than Average At Deploying Capital?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Understanding Return On Capital Employed (ROCE). … How Do You Calculate Return On Capital Employed

Simply Wall St -

What Are Analysts Saying About Comcast Corporation's (NASDAQ:CMCS.A) Future?

Looking at Comcast Corporation's (NASDAQ:CMCS.A) earnings update in December 2018,. … with earnings expected to grow by 4.4% in the upcoming year … the higher past 5-year average growth rate of 24%

Simply Wall St -

Do Institutions Own Comcast Corporation (NASDAQ:CMCS.A) Shares?

The big shareholder groups in Comcast Corporation (NASDAQ:CMCS.A) have power over the company. … Generally speaking, as a company grows, institutions will increase their ownership. … Comcast is a pretty big company.

Simply Wall St -

Should You Worry About Comcast Corporation's (NASDAQ:CMCS.A) CEO Pay?

First, this article will compare CEO compensation with compensation at other large companies. … Next, we'll consider growth that the business demonstrates. … How Does Brian Roberts's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Taking A Look At Comcast Corporation's (NASDAQ:CMCS.A) ROE

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Our data shows Comcast has a return on equity of 16% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Should We Expect From Comcast Corporation's (NASDAQ:CMCS.A) Earnings In The Years Ahead?

The latest earnings update Comcast Corporation (NASDAQ:CMCS.A) released in December 2018a … revealed

Simply Wall St -

When Should You Buy Comcast Corporation (NASDAQ:CMCS.A)?

received a lot of attention from a substantial price movement on the NasdaqGS over the last few months, increasing to $39.42 at one point, and dropping to the lows of $33.07. … Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price? … A question to answer is whether Comcast's current trading price of $35.77 reflective of the actual value of the?

Simply Wall St -

Why Fundamental Investors Might Love Comcast Corporation (NASDAQ:CMCS.A)

Attractive stocks have exceptional fundamentals. … In the case of Comcast Corporation (NASDAQ:CMCS.A), there's … dividend payer

Simply Wall St -

What Should Investors Know About Comcast Corporation's (NASDAQ:CMCS.A) Return On Capital?

You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … Therefore, looking at how efficiently Comcast is able to use capital to create earnings will help us understand your potential return. … Investors use many different metrics but the analysis below focuses on return on capital employed (ROCE).

Simply Wall St -

Has Comcast Corporation's (NASDAQ:CMCS.A) Earnings Momentum Changed Recently?

For long-term investors, assessing earnings trend over time and against industry benchmarks is more beneficial than examining a single earnings announcement at a point in time. … Did CMCS.A beat its long-term earnings growth trend and its industry. … CMCS.A's trailing twelve-month earnings (from 30 June 2018) of US$23.95b has

Simply Wall St -

Company Info

Description

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services. The Cable Networks segment operates national cable networks that provide various entertainment, news and information, and sports content; regional sports and news networks; international cable networks; and various digital properties, including brand-aligned Websites, as well as engages in the cable television studio production operations. The Broadcast Television segment operates NBC and Telemundo broadcast networks, NBC and Telemundo local broadcast television stations, broadcast television studio production operations, and various digital properties. The Filmed Entertainment segment produces, acquires, markets, and distributes filmed entertainment under the Universal Pictures, Illumination, DreamWorks Animation, and Focus Features names. It also develops, produces, and licenses stage plays; and distributes filmed entertainment produced by third parties. The Theme Parks segment operates Universal theme parks in Orlando, Florida; Hollywood, California; and Osaka, Japan. The Sky segment offers direct-to-consumer services, such as video, high-speed Internet, voice, and wireless phone services; and content services comprising operating entertainment networks, the Sky News broadcast network, and Sky Sports networks. The company also provides a wireless phone service under the Xfinity Mobile name; and owns the Philadelphia Flyers, as well as the Wells Fargo Center arena in Philadelphia, Pennsylvania. Comcast Corporation was founded in 1963 and is headquartered in Philadelphia, Pennsylvania.

Details
Name: Comcast Corporation
CMCS.A
Exchange: NasdaqGS
Founded: 1963
$178,639,740,743
4,525,962,522
Website: http://corporate.comcast.com
Address: Comcast Corporation
One Comcast Center,
Philadelphia,
Pennsylvania, 19103,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS CMCS.A Class A Common Stock Nasdaq Global Select US USD 14. Dec 1972
DB CTP2 Class A Common Stock Deutsche Boerse AG DE EUR 14. Dec 1972
SWX CMCSA Class A Common Stock SIX Swiss Exchange CH CHF 14. Dec 1972
WBAG CMCS Class A Common Stock Wiener Boerse AG AT EUR 14. Dec 1972
SNSE CMCSA Class A Common Stock Santiago Stock Exchange CL USD 14. Dec 1972
BMV CMCSA * Class A Common Stock Bolsa Mexicana de Valores MX MXN 14. Dec 1972
NYSE CCS CL NT 6.625%2056 New York Stock Exchange US USD 04. Jun 2007
BOVESPA CMCS34 BDR EACH REPR 1 COM SHS Bolsa de Valores de Sao Paulo BR BRL 23. Aug 2012
Number of employees
Current staff
Staff numbers
184,000
Comcast employees.
Industry
Cable and Satellite
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 23:34
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/03/14
Last earnings filing: 2019/01/31
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.