Charter Communications logged a 0.3% change during today's afternoon session, and is now trading at a price of $365.33 per share.
Over the last year, Charter Communications logged a -3.0% change, with its stock price reaching a high of $458.3 and a low of $302.21. Over the same period, the stock underperformed the S&P 500 index by -20.0%. As of April 2023, the company's 50-day average price was $419.47. Charter Communications, Inc. operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. Based in Stamford, CT, the large-cap Telecommunications company has 101,700 full time employees. Charter Communications has not offered a dividend during the last year.
Growing Revenues With Increasing Reinvestment in the Business:
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Revenue (MM) | $43,634 | $45,764 | $48,097 | $51,682 | $54,022 | $54,570 |
| Revenue Growth | n/a | 4.88% | 5.1% | 7.45% | 4.53% | 1.01% |
| Gross Margins | 12% | 14% | 17% | 20% | 22% | 23% |
| Operating Margins | 12% | 14% | 17% | 20% | 22% | 23% |
| Net Margins | 3% | 4% | 8% | 10% | 11% | 10% |
| Net Income (MM) | $1,506 | $1,992 | $3,676 | $5,320 | $5,849 | $5,417 |
| Net Interest Expense (MM) | -$77 | -$135 | -$31 | -$101 | $56 | -$213 |
| Depreciation & Amort. (MM) | $10,318 | $9,926 | $9,704 | $9,345 | $8,903 | $8,700 |
| Earnings Per Share | $5.22 | $7.45 | $15.4 | $24.47 | $30.74 | $30.61 |
| Diluted Shares (MM) | 236 | 224 | 209 | 193 | 164 | 120 |
| Free Cash Flow (MM) | $2,642 | $4,553 | $7,147 | $8,604 | $5,549 | $3,186 |
| Capital Expenditures (MM) | $9,125 | $7,195 | $7,415 | $7,635 | $9,376 | $11,179 |
Charter Communications Is Fairly Priced to Earnings but Overpriced Compared to Its Book Value:
Charter Communications has a trailing twelve month P/E ratio of 13.7, compared to an average of 23.78 for the Telecommunications sector. Based on its EPS guidance of $37.31, the company has a forward P/E ratio of 11.2. Furthermore, Charter Communications is likely overvalued compared to the book value of its equity, since its P/B ratio of 4.87 is higher than the sector average of 3.46.
Charter Communications Has an Average Rating of Hold:
The 21 analysts following Charter Communications have set target prices ranging from $320.0 to $708.0 per share, for an average of $467.76 with a hold rating. As of April 2023, the company is trading -10.3% away from its average target price, indicating that there is an analyst consensus of strong upside potential.
Charter Communications has an above average percentage of its shares sold short because 8.9% of the company's shares are sold short. Institutions own 69.5% of the company's shares, and the insider ownership rate stands at 33.92%, suggesting a large amount of insider shareholders. The largest shareholder is Dodge & Cox Inc, whose 6% stake in the company is worth $3,092,896,449.
