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CMCS

Comcast NasdaqGS:CMCSA Stock Report

Last Price

US$31.84

Market Cap

US$140.5b

7D

-7.8%

1Y

-43.4%

Updated

24 Sep, 2022

Data

Company Financials +
CMCSA fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance3/6
Financial Health3/6
Dividends5/6

CMCSA Stock Overview

Comcast Corporation operates as a media and technology company worldwide.

Comcast Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Comcast
Historical stock prices
Current Share PriceUS$31.84
52 Week HighUS$57.96
52 Week LowUS$31.45
Beta0.91
1 Month Change-15.32%
3 Month Change-19.54%
1 Year Change-43.39%
3 Year Change-28.94%
5 Year Change-17.26%
Change since IPO1,031.35%

Recent News & Updates

Sep 22
Quick Takes: Palo Alto, Alphabet, Meta & More

Quick Takes: Palo Alto, Alphabet, Meta & More

Vladimr Putin’s latest mobilization caused the oil price to spike yesterday morning. Somewhat predictably, energy stocks opened higher, - but then very quickly reversed course, along with the price of crude, when it emerged that US inventories increased by 1.1 million barrels from a week earlier. Exxon (NYSE: XOM), Chevron (NYSE: CVX) and Occidental Petroleum (NYSE: OXY) all closed lower on the day.

Sep 20

Comcast succeeds in test of tech for full-network 10G-powered speeds

Comcast (NASDAQ:CMCSA) says it's pulled off a successful test of technology it wants to use to deploy multi-gigabit symmetrical speeds throughout its entire broadband network. The company had previously completed successful tests of so-called 10G network and modem technologies, including a complete network-to-home 10G loop. Now it's set to begin live trials of multi-gig symmetrical services (upload and download) powered by 10G and the DOCSIS 4.0 standard, and says it will offer the services to customers before the end of 2023. The most recent test demonstrated delivery of Full Duplex DOCSIS 4.0 services over newly designed FDX amplifiers that make it "dramatically easier" to deliver 10G benefits more widely. Earlier in September, Comcast (CMCSA) announced it was launching a nationwide rollout of multi-gigabit speeds for its Internet service.

Sep 15
Here's Why Comcast (NASDAQ:CMCSA) Can Manage Its Debt Responsibly

Here's Why Comcast (NASDAQ:CMCSA) Can Manage Its Debt Responsibly

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Sep 14

Comcast boosts share repurchase authorization to $20B

Comcast (NASDAQ:CMCSA) has announced on Wednesday an expansion of its share repurchase authorization to a total of $20B. The authorization does not have an expiration date. Year-to-date, the media and technology company has repurchased $9B of its Class A common stock. CMCSA shares are up 1% pre-market Comcast is an excellent bear market buy, learn why

Sep 04

Comcast Is An Excellent Bear Market Buy, Here's Why

Summary Comcast has seen a material share price drop over the past several months. I believe negative investor sentiment is overblown, considering CMCSA's moat-worthy assets and diverse revenue stream. Meanwhile, CMCSA's mature business and deep undervaluation has enabled robust capital returns to shareholders. Bear market sell-offs are a gift for dividend value investors, as it gives them the opportunity to deploy fresh dry powder on bargain valued stocks. Studies have shown that getting a great starting valuation is one of the most important factors to compounding returns over the long run. This brings me to Comcast (CMCSA), which is now trading in what I see as deep value territory after the recent sell-off. In this article, I highlight what makes CMCSA a strong buy for potentially market-beating returns, so let's get started. Why CMCSA? Comcast is a global media and technology company that provides broadband and streaming services to 57 million customers across the U.S. and Europe. Its broadband, wireless, and video services include Xfinity, Comcast Business and Sky Brands, and its media empire includes Universal, Sky Studios, NBC, Telemundo, and Peacock streaming. Comcast has a moat-worthy collection of assets, not least of which is its internet broadband footprint that reaches 51% of American households. This, combined with limited competition gives it durable advantages, as noted by Morningstar below: We believe Comcast possesses a wide moat, resulting from the strength of its core cable business. The majority of U.S. homes today can receive fixed-line internet access service from only two providers: the traditional cable or phone company. Across nearly half of the U.S., that cable company is Comcast. The cost to enter this market is enormous. While technological developments have made it possible to build more efficient and reliable networks than legacy providers possess, deploying these technologies still requires heavy construction spending, while also overcoming the regulatory hurdles that municipalities often impose. Assuming successful network construction, entrants then face steep customer acquisition costs and startup losses as they attempt to gain share, typically with a modestly differentiated product in a rapidly maturing market. This has enabled comcast to enjoy strong profitability. As shown below, it scores an A+ profitability grade with leading EBITDA margin and return on equity of 30% and 15%, respectively. CMCSA Profitability (Seeking Alpha) Much attention has been focused on the loss of 10,000 net residential broad band customers during the second quarter, while in prior years' second quarters, CMCSA has averaged 185,000 net customer additions. This is an indication of maturing growth, but has also raised concerns of growing competition from fixed wireless offerings from T-Mobile (TMUS) and Verizon (VZ). However, I believe these concerns are overblown, as home broadband customers utilize far more network capacity than phone users, taking up more of telecoms' bandwidth. As such, fixed wireless growth may not be as aggressive as some investors fear, as the wireless providers may not want to sacrifice network quality over growth in this market. Meanwhile, CMCSA has demonstrated strong adjusted EBITDA growth of 10.1% YoY to $9.8 billion in the second quarter, despite the net loss in residential broadband customers. Moreover, CMCSA is growing its wireless business (through a wholesale agreement with Verizon), adding 317,000 customers, and NBCUniversal grew its adjusted EBITDA by 19.5% to $1.9 billion. These factors enabled robust shareholder returns, including $1.2 billion in dividend payments and $3 billion in share repurchases during Q2 alone. I see potential for continued strong capital returns to shareholders through Comcast's diverse revenue streams, as noted below during the recent conference call: We're returning a record amount of capital to shareholders and our balance sheet is in a great place. We have also continued to invest in strategically important growth opportunities, including enhancing our world class broadband network, scaling Xfinity mobile, increasing our capabilities at Business Services, launching Peacock, completing Universal Beijing and starting construction at Epic, just to name a few. With substantial cash flow generation and a strong foundation for innovation, Comcast is in a wonderful position.

Shareholder Returns

CMCSAUS MediaUS Market
7D-7.8%-9.2%-5.2%
1Y-43.4%-45.2%-23.0%

Return vs Industry: CMCSA exceeded the US Media industry which returned -45.3% over the past year.

Return vs Market: CMCSA underperformed the US Market which returned -23.1% over the past year.

Price Volatility

Is CMCSA's price volatile compared to industry and market?
CMCSA volatility
CMCSA Average Weekly Movement4.9%
Media Industry Average Movement7.2%
Market Average Movement6.9%
10% most volatile stocks in US Market15.8%
10% least volatile stocks in US Market2.8%

Stable Share Price: CMCSA is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: CMCSA's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1963189,000Brian Robertshttps://corporate.comcast.com

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services.

Comcast Fundamentals Summary

How do Comcast's earnings and revenue compare to its market cap?
CMCSA fundamental statistics
Market CapUS$140.52b
Earnings (TTM)US$14.04b
Revenue (TTM)US$121.66b

10.0x

P/E Ratio

1.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CMCSA income statement (TTM)
RevenueUS$121.66b
Cost of RevenueUS$39.73b
Gross ProfitUS$81.93b
Other ExpensesUS$67.89b
EarningsUS$14.04b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Oct 27, 2022

Earnings per share (EPS)3.18
Gross Margin67.34%
Net Profit Margin11.54%
Debt/Equity Ratio106.1%

How did CMCSA perform over the long term?

See historical performance and comparison

Dividends

3.4%

Current Dividend Yield

34%

Payout Ratio

Does CMCSA pay a reliable dividends?

See CMCSA dividend history and benchmarks
When do you need to buy CMCSA by to receive an upcoming dividend?
Comcast dividend dates
Ex Dividend DateOct 04 2022
Dividend Pay DateOct 26 2022
Days until Ex dividend9 days
Days until Dividend pay date31 days

Does CMCSA pay a reliable dividends?

See CMCSA dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is CMCSA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CMCSA?

Other financial metrics that can be useful for relative valuation.

CMCSA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.9x
Enterprise Value/EBITDA6.5x
PEG Ratio1.5x

Price to Earnings Ratio vs Peers

How does CMCSA's PE Ratio compare to its peers?

CMCSA PE Ratio vs Peers
The above table shows the PE ratio for CMCSA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average10.8x
CHTR Charter Communications
9.3x4.2%US$58.3b
SIRI Sirius XM Holdings
17.9x10.8%US$22.6b
LSXM.K Liberty SiriusXM Group
12.2x-0.1%US$12.3b
DISH DISH Network
3.9x-21.1%US$8.1b
CMCSA Comcast
10x6.6%US$140.5b

Price-To-Earnings vs Peers: CMCSA is good value based on its Price-To-Earnings Ratio (10x) compared to the peer average (10.8x).


Price to Earnings Ratio vs Industry

How does CMCSA's PE Ratio compare vs other companies in the US Media Industry?

Price-To-Earnings vs Industry: CMCSA is good value based on its Price-To-Earnings Ratio (10x) compared to the US Media industry average (10.3x)


Price to Earnings Ratio vs Fair Ratio

What is CMCSA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CMCSA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10x
Fair PE Ratio26.3x

Price-To-Earnings vs Fair Ratio: CMCSA is good value based on its Price-To-Earnings Ratio (10x) compared to the estimated Fair Price-To-Earnings Ratio (26.3x).


Share Price vs Fair Value

What is the Fair Price of CMCSA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CMCSA ($31.84) is trading below our estimate of fair value ($129.69)

Significantly Below Fair Value: CMCSA is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


Discover undervalued companies

Future Growth

How is Comcast forecast to perform in the next 1 to 3 years based on estimates from 33 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


6.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CMCSA's forecast earnings growth (6.6% per year) is above the savings rate (1.9%).

Earnings vs Market: CMCSA's earnings (6.6% per year) are forecast to grow slower than the US market (14.7% per year).

High Growth Earnings: CMCSA's earnings are forecast to grow, but not significantly.

Revenue vs Market: CMCSA's revenue (1.8% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: CMCSA's revenue (1.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CMCSA's Return on Equity is forecast to be low in 3 years time (18.7%).


Discover growth companies

Past Performance

How has Comcast performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-6.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CMCSA has high quality earnings.

Growing Profit Margin: CMCSA's current net profit margins (11.5%) are higher than last year (11.4%).


Past Earnings Growth Analysis

Earnings Trend: CMCSA's earnings have declined by 6.9% per year over the past 5 years.

Accelerating Growth: CMCSA's earnings growth over the past year (12.6%) exceeds its 5-year average (-6.9% per year).

Earnings vs Industry: CMCSA earnings growth over the past year (12.6%) underperformed the Media industry 12.6%.


Return on Equity

High ROE: CMCSA's Return on Equity (14.6%) is considered low.


Discover strong past performing companies

Financial Health

How is Comcast's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CMCSA's short term assets ($24.2B) do not cover its short term liabilities ($27.6B).

Long Term Liabilities: CMCSA's short term assets ($24.2B) do not cover its long term liabilities ($146.4B).


Debt to Equity History and Analysis

Debt Level: CMCSA's net debt to equity ratio (98.7%) is considered high.

Reducing Debt: CMCSA's debt to equity ratio has reduced from 111% to 106.1% over the past 5 years.

Debt Coverage: CMCSA's debt is well covered by operating cash flow (27.7%).

Interest Coverage: CMCSA's interest payments on its debt are well covered by EBIT (5.4x coverage).


Balance Sheet


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Dividend

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

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.39%

Current Dividend Yield

Upcoming Dividend Payment

TodaySep 25 2022Ex Dividend DateOct 04 2022Dividend Pay DateOct 26 202222 days from Ex DividendBuy in the next 9 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: CMCSA's dividend (3.39%) is higher than the bottom 25% of dividend payers in the US market (1.65%).

High Dividend: CMCSA's dividend (3.39%) is low compared to the top 25% of dividend payers in the US market (4.57%).


Stability and Growth of Payments

Stable Dividend: CMCSA's dividends per share have been stable in the past 10 years.

Growing Dividend: CMCSA's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (33.6%), CMCSA's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (32.9%), CMCSA's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.4yrs

Average management tenure


CEO

Brian Roberts (62 yo)

32.67yrs

Tenure

US$33,978,581

Compensation

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, LL...


CEO Compensation Analysis

Compensation vs Market: Brian's total compensation ($USD33.98M) is above average for companies of similar size in the US market ($USD13.05M).

Compensation vs Earnings: Brian's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: CMCSA's management team is considered experienced (3.4 years average tenure).


Board Members

Experienced Board: CMCSA's board of directors are seasoned and experienced ( 11.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

NasdaqGS:CMCSA Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
27 May 22SellUS$397,341Daniel MurdockIndividual8,929US$44.50

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 54.16% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
9.72%
Capital Research and Management Company
429,122,802$13.7b-8.55%0.94%
9.11%
The Vanguard Group, Inc.
402,080,815$12.8b0.68%0.3%
7.26%
BlackRock, Inc.
320,503,107$10.2b0.38%0.25%
3.75%
State Street Global Advisors, Inc.
165,281,045$5.3b-3.43%0.29%
2.3%
Massachusetts Financial Services Company
101,568,996$3.2b-1.1%0.84%
1.93%
Dodge & Cox
85,157,816$2.7b0.44%1.57%
1.84%
Geode Capital Management, LLC
81,188,120$2.6b0.69%0.34%
1.78%
Wellington Management Group LLP
78,743,794$2.5b-0.97%0.46%
1.77%
FMR LLC
78,275,225$2.5b29.83%0.23%
1.34%
J.P. Morgan Asset Management, Inc.
59,274,280$1.9b14.37%0.35%
1.13%
Northern Trust Global Investments
50,045,135$1.6b0.53%0.32%
1.13%
Norges Bank Investment Management
49,811,739$1.6b0%0.21%
1.08%
Columbia Management Investment Advisers, LLC
47,674,625$1.5b7.4%0.45%
1.05%
Managed Account Advisors LLC
46,536,618$1.5b6.41%0.42%
0.94%
BNY Mellon Asset Management
41,507,804$1.3b4.82%0.3%
0.92%
ClearBridge Investments, LLC
40,463,516$1.3b-4.66%1.19%
0.89%
Morgan Stanley, Investment Banking and Brokerage Investments
39,459,455$1.3b-4.39%0.25%
0.86%
Dimensional Fund Advisors LP
38,018,154$1.2b0.51%0.3%
0.82%
Wells Fargo & Company, Securities and Brokerage Investments
36,064,267$1.1b0%0.5%
0.81%
Brian Roberts
35,951,105$1.1b0%no data
0.79%
AllianceBernstein L.P.
34,740,019$1.1b6.05%0.46%
0.77%
UBS Asset Management
33,873,832$1.1b-3.68%0.21%
0.77%
T. Rowe Price Group, Inc.
33,778,254$1.1b-17.73%0.13%
0.7%
Legal & General Investment Management Limited
30,990,183$986.7m1.5%0.3%
0.69%
First Eagle Investment Management, LLC
30,305,640$964.9m0.68%1.71%

Company Information

Comcast Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Comcast Corporation
  • Ticker: CMCSA
  • Exchange: NasdaqGS
  • Founded: 1963
  • Industry: Cable and Satellite
  • Sector: Media
  • Implied Market Cap: US$140.518b
  • Shares outstanding: 4.41b
  • Website: https://corporate.comcast.com

Number of Employees


Location

  • Comcast Corporation
  • One Comcast Center
  • 1701 John F. Kennedy Boulevard
  • Philadelphia
  • Pennsylvania
  • 19103-2838
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CMCSANasdaqGS (Nasdaq Global Select)YesClass A Common StockUSUSDDec 1972
CMCSA *BMV (Bolsa Mexicana de Valores)YesClass A Common StockMXMXNDec 1972
CTP2XTRA (XETRA Trading Platform)YesClass A Common StockDEEURDec 1972
CTP2DB (Deutsche Boerse AG)YesClass A Common StockDEEURDec 1972
CMCSASNSE (Santiago Stock Exchange)YesClass A Common StockCLUSDDec 1972
CMCS-UETLX (Eurotlx)YesClass A Common StockITEURDec 1972
CMCSWBAG (Wiener Boerse AG)YesClass A Common StockATEURDec 1972
CMCSABVL (Bolsa de Valores de Lima)YesClass A Common StockPEUSDDec 1972
CMCS34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH 5 REP 1 COMBRBRLAug 2012

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/24 00:00
End of Day Share Price2022/09/23 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.