NasdaqGS:LBRD.K

Stock Analysis Report

Executive Summary

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential, and small and medium business customers in the United States.


Snowflake Analysis

Reasonable growth potential with proven track record.

Share Price & News

How has Liberty Broadband's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: LBRD.K has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.8%

LBRD.K

3.9%

US Media

2.4%

US Market


1 Year Return

22.0%

LBRD.K

-14.1%

US Media

-10.0%

US Market

Return vs Industry: LBRD.K exceeded the US Media industry which returned -17.4% over the past year.

Return vs Market: LBRD.K exceeded the US Market which returned -13.3% over the past year.


Shareholder returns

LBRD.KIndustryMarket
7 Day2.8%3.9%2.4%
30 Day-7.7%-13.2%-11.0%
90 Day-11.2%-23.6%-19.4%
1 Year22.0%22.0%-12.8%-14.1%-8.1%-10.0%
3 Year30.2%30.2%-10.5%-14.4%17.3%9.6%
5 Year105.3%105.3%3.4%-4.7%36.1%21.1%

Price Volatility Vs. Market

How volatile is Liberty Broadband's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Liberty Broadband undervalued compared to its fair value and its price relative to the market?

176.75x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate LBRD.K's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate LBRD.K's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: LBRD.K is poor value based on its PE Ratio (176.8x) compared to the Media industry average (8.8x).

PE vs Market: LBRD.K is poor value based on its PE Ratio (176.8x) compared to the US market (12.5x).


Price to Earnings Growth Ratio

PEG Ratio: LBRD.K is poor value based on its PEG Ratio (3.5x)


Price to Book Ratio

PB vs Industry: LBRD.K is overvalued based on its PB Ratio (1.9x) compared to the US Media industry average (0.8x).


Next Steps

Future Growth

How is Liberty Broadband forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

50.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LBRD.K's forecast earnings growth (50.8% per year) is above the savings rate (1.7%).

Earnings vs Market: LBRD.K's earnings (50.8% per year) are forecast to grow faster than the US market (13.4% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: LBRD.K's revenue (11.1% per year) is forecast to grow faster than the US market (7% per year).

High Growth Revenue: LBRD.K's revenue (11.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: LBRD.K's Return on Equity is forecast to be low in 3 years time (4.9%).


Next Steps

  • Explore growth companies in the Media industry.

Past Performance

How has Liberty Broadband performed over the past 5 years?

23.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LBRD.K has a large one-off loss of $79.3M impacting its December 31 2019 financial results.

Growing Profit Margin: LBRD.K's current net profit margins are higher than last year .


Past Earnings Growth Analysis

Earnings Trend: LBRD.K has become profitable over the past 5 years, growing earnings by 23.5% per year.

Accelerating Growth: LBRD.K's earnings growth over the past year (67.6%) exceeds its 5-year average (23.5% per year).

Earnings vs Industry: LBRD.K earnings growth over the past year (67.6%) exceeded the Media industry 7.2%.


Return on Equity

High ROE: LBRD.K's Return on Equity (1.1%) is considered low.


Next Steps

Financial Health

How is Liberty Broadband's financial position?


Financial Position Analysis

Short Term Liabilities: LBRD.K's short term assets ($52.1M) exceed its short term liabilities ($12.1M).

Long Term Liabilities: LBRD.K's short term assets ($52.1M) do not cover its long term liabilities ($1.6B).


Debt to Equity History and Analysis

Debt Level: LBRD.K's debt to equity ratio (5.4%) is considered satisfactory.

Reducing Debt: LBRD.K's debt to equity ratio has reduced from 14.8% to 5.4% over the past 5 years.

Debt Coverage: LBRD.K's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if LBRD.K's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate LBRD.K's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate LBRD.K's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if LBRD.K's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if LBRD.K's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of LBRD.K's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

2.1yrs

Average management tenure


CEO

Greg Maffei (59yo)

5.83s

Tenure

Mr. Gregory B. Maffei, also known as Greg, served as the Chief Executive Officer of QVC Group from May 12, 2017 to 2018. Mr. Maffei has been Chief Executive Officer, President and a Director of GCI Liberty ...


Leadership Team

NamePositionTenureCompensationOwnership
Gregory Maffei
CEO, President & Director5.83yrsno data0.78% $162.0m
Mark Carleton
Senior Advisor0.75yrno data0.032% $6.5m
Brian Wendling
Principal Financial Officer0.75yrno data0.00033% $68.1k
Courtnee Chun
Chief Portfolio Officer & SVP of Investor Relations0.75yrno datano data
Renee Wilm
Chief Legal Officer0.58yrno data0.00016% $33.0k
Albert E. Rosenthaler
Chief Corporate Development Officer3.5yrsUS$147.04k0.029% $6.1m
Pamela Coe
Senior VP4.25yrsno datano data
Christopher Shean
Senior Advisor3.5yrsno datano data

2.1yrs

Average Tenure

59yo

Average Age

Experienced Management: LBRD.K's management team is considered experienced (2.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Gregory Maffei
CEO, President & Director5.83yrsno data0.78% $162.0m
J. Wargo
Independent Director5.08yrsUS$196.40k0.069% $14.3m
Julie Frist
Director0.083yrno data0.63% $130.2m
John Malone
Chairman 5.42yrsno data3.57% $738.0m
John Welsh
Independent Director 5.42yrsUS$216.82k0.0029% $594.7k
Richard Green
Independent Director5.42yrsUS$117.51k0.00075% $154.9k

5.4yrs

Average Tenure

67yo

Average Age

Experienced Board: LBRD.K's board of directors are considered experienced (5.4 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: LBRD.K insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Liberty Broadband Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Liberty Broadband Corporation
  • Ticker: LBRD.K
  • Exchange: NasdaqGS
  • Founded:
  • Industry: Cable and Satellite
  • Sector: Media
  • Market Cap: US$20.649b
  • Shares outstanding: 181.90m
  • Website: https://www.libertybroadband.com

Number of Employees


Location

  • Liberty Broadband Corporation
  • 12300 Liberty Boulevard
  • Englewood
  • Colorado
  • 80112
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LBRD.ANasdaqGS (Nasdaq Global Select)Series A Common StockUSUSDNov 2014
LBRD.BOTCPK (Pink Sheets LLC)Series B Common StockUSUSDNov 2014
LBRD.KNasdaqGS (Nasdaq Global Select)YesSeries C Common StockUSUSDNov 2014
8L8DB (Deutsche Boerse AG)Series A Common StockDEEURNov 2014
8L8CDB (Deutsche Boerse AG)YesSeries C Common StockDEEURNov 2014
LBRD34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH 1 REP 0.5 COM USD0.01 CL CBRBRLMay 2019

Biography

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential, and small and medium business customers in the United States. The company operates through Skyhook and Charter segments. The Skyhook segment offers Precision Location Solution, a location determination service for mobile device makers, wireless carriers, and asset tracking platforms to understand the precise geographic location and movement of mobile devices, as well as for enhancing the location determination capabilities of a hybrid location system. It also provides Geospatial Insights, a location intelligence and data insights service for enterprises, research and consulting firms, financial institutions, and advertisers to understand, measure, and optimize the performance of businesses; benchmark performance against competitors; enhance customer experience; advertise to, and target existing and prospective customers; and measure the efficacy of advertising campaigns in driving real-world actions. The Charter segment offers subscription-based video services comprising video on demand, high definition television, and digital video recorder service; and local and long distance calling, voicemail, call waiting, caller ID, call forwarding, and other voice services, as well as international calling services. It also provides Internet services, including an in-home Wi-Fi product that provides customers with high performance wireless routers; and a security suite that offers protection against computer viruses and spyware. In addition, this segment offers Internet access, data networking, fiber connectivity to cellular towers and office buildings, video entertainment, and business telephone services; advertising services on cable television networks and digital outlets; and regional sports networks and local sports, news, and community channels. The company is based in Englewood, Colorado. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/07 03:23
End of Day Share Price2020/04/06 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.