COMCAST CORP-CLASS A (CMCSA) Stock Fundamental Analysis
NASDAQ:CMCSA - Nasdaq - US20030N1019 - Common Stock - Currency: USD
We assign a fundamental rating of 6 out of 10 to CMCSA. CMCSA was compared to 93 industry peers in the Media industry. While CMCSA has a great profitability rating, there are quite some concerns on its financial health. CMCSA scores decently on growth, while it is valued quite cheap. This could make an interesting combination. CMCSA also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
CMCSA had positive earnings in the past year.
CMCSA had a positive operating cash flow in the past year.
Each year in the past 5 years CMCSA has been profitable.
Each year in the past 5 years CMCSA had a positive operating cash flow.
1.2 Ratios
The Return On Assets of CMCSA (6.08%) is better than 87.36% of its industry peers.
CMCSA has a Return On Equity of 18.92%. This is amongst the best in the industry. CMCSA outperforms 87.36% of its industry peers.
CMCSA has a Return On Invested Capital of 8.15%. This is in the better half of the industry: CMCSA outperforms 79.31% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CMCSA is in line with the industry average of 7.01%.
The 3 year average ROIC (8.07%) for CMCSA is below the current ROIC(8.15%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.08% | ||
| ROE | 18.92% | ||
| ROIC | 8.15% |
ROA(3y)4.66%
ROA(5y)4.59%
ROE(3y)14.72%
ROE(5y)14.11%
ROIC(3y)8.07%
ROIC(5y)7.33%
1.3 Margins
The Profit Margin of CMCSA (13.09%) is better than 87.36% of its industry peers.
In the last couple of years the Profit Margin of CMCSA has grown nicely.
The Operating Margin of CMCSA (18.80%) is better than 86.21% of its industry peers.
CMCSA's Operating Margin has been stable in the last couple of years.
The Gross Margin of CMCSA (70.08%) is better than 83.91% of its industry peers.
CMCSA's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.8% | ||
| PM (TTM) | 13.09% | ||
| GM | 70.08% |
OM growth 3Y1.54%
OM growth 5Y-0.78%
PM growth 3Y2.46%
PM growth 5Y1.77%
GM growth 3Y1.53%
GM growth 5Y0.49%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CMCSA is creating some value.
Compared to 1 year ago, CMCSA has less shares outstanding
CMCSA has less shares outstanding than it did 5 years ago.
The debt/assets ratio for CMCSA is higher compared to a year ago.
2.2 Solvency
CMCSA has an Altman-Z score of 1.45. This is a bad value and indicates that CMCSA is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.45, CMCSA is in line with its industry, outperforming 59.77% of the companies in the same industry.
CMCSA has a debt to FCF ratio of 7.90. This is a slightly negative value and a sign of low solvency as CMCSA would need 7.90 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 7.90, CMCSA is in the better half of the industry, outperforming 62.07% of the companies in the same industry.
A Debt/Equity ratio of 1.10 is on the high side and indicates that CMCSA has dependencies on debt financing.
The Debt to Equity ratio of CMCSA (1.10) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.1 | ||
| Debt/FCF | 7.9 | ||
| Altman-Z | 1.45 |
ROIC/WACC1.12
WACC7.25%
2.3 Liquidity
A Current Ratio of 0.68 indicates that CMCSA may have some problems paying its short term obligations.
The Current ratio of CMCSA (0.68) is worse than 83.91% of its industry peers.
CMCSA has a Quick Ratio of 0.68. This is a bad value and indicates that CMCSA is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of CMCSA (0.68) is worse than 83.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.68 | ||
| Quick Ratio | 0.68 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 9.07% over the past year.
CMCSA shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.77% yearly.
The Revenue has been growing slightly by 1.78% in the past year.
CMCSA shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.58% yearly.
EPS 1Y (TTM)9.07%
EPS 3Y10.15%
EPS 5Y6.77%
EPS Q2Q%14.29%
Revenue 1Y (TTM)1.78%
Revenue growth 3Y2.06%
Revenue growth 5Y2.58%
Sales Q2Q%2.12%
3.2 Future
CMCSA is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.73% yearly.
Based on estimates for the next years, CMCSA will show a small growth in Revenue. The Revenue will grow by 1.31% on average per year.
EPS Next Y1.17%
EPS Next 2Y5.81%
EPS Next 3Y6.66%
EPS Next 5Y7.73%
Revenue Next Year-0.65%
Revenue Next 2Y1.24%
Revenue Next 3Y0.65%
Revenue Next 5Y1.31%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
CMCSA is valuated reasonably with a Price/Earnings ratio of 8.37.
83.91% of the companies in the same industry are more expensive than CMCSA, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 29.63, CMCSA is valued rather cheaply.
CMCSA is valuated reasonably with a Price/Forward Earnings ratio of 8.27.
CMCSA's Price/Forward Earnings ratio is rather cheap when compared to the industry. CMCSA is cheaper than 86.21% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.68, CMCSA is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.37 | ||
| Fwd PE | 8.27 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CMCSA is valued cheaply inside the industry as 80.46% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, CMCSA is valued a bit cheaper than 68.97% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.92 | ||
| EV/EBITDA | 6.03 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The excellent profitability rating of CMCSA may justify a higher PE ratio.
PEG (NY)7.18
PEG (5Y)1.24
EPS Next 2Y5.81%
EPS Next 3Y6.66%
5. Dividend
5.1 Amount
CMCSA has a Yearly Dividend Yield of 3.63%. Purely for dividend investing, there may be better candidates out there.
CMCSA's Dividend Yield is rather good when compared to the industry average which is at 4.48. CMCSA pays more dividend than 82.76% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.27, CMCSA pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.63% |
5.2 History
On average, the dividend of CMCSA grows each year by 8.54%, which is quite nice.
CMCSA has paid a dividend for at least 10 years, which is a reliable track record.
CMCSA has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)8.54%
Div Incr Years5
Div Non Decr Years5
5.3 Sustainability
CMCSA pays out 29.73% of its income as dividend. This is a sustainable payout ratio.
CMCSA's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP29.73%
EPS Next 2Y5.81%
EPS Next 3Y6.66%
36.24
-0.17 (-0.47%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)
Earnings (Next)
Inst Owners88.78%
Inst Owner Change0.66%
Ins Owners0.03%
Ins Owner Change-8.72%
Market Cap137.02B
Analysts75.9
Price Target44.46 (22.68%)
Short Float %1.44%
Short Ratio2.17
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.63% |
Yearly Dividend1.24
Dividend Growth(5Y)8.54%
DP29.73%
Div Incr Years5
Div Non Decr Years5
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.39%
Min EPS beat(2)2.59%
Max EPS beat(2)8.2%
EPS beat(4)4
Avg EPS beat(4)4.56%
Min EPS beat(4)2.17%
Max EPS beat(4)8.2%
EPS beat(8)8
Avg EPS beat(8)6.67%
EPS beat(12)12
Avg EPS beat(12)5.93%
EPS beat(16)16
Avg EPS beat(16)8.36%
Revenue beat(2)0
Avg Revenue beat(2)-1.85%
Min Revenue beat(2)-2.06%
Max Revenue beat(2)-1.65%
Revenue beat(4)0
Avg Revenue beat(4)-2.45%
Min Revenue beat(4)-3.99%
Max Revenue beat(4)-1.65%
Revenue beat(8)0
Avg Revenue beat(8)-1.89%
Revenue beat(12)0
Avg Revenue beat(12)-1.89%
Revenue beat(16)1
Avg Revenue beat(16)-1.49%
PT rev (1m)-0.46%
PT rev (3m)3.03%
EPS NQ rev (1m)-6.55%
EPS NQ rev (3m)-7.87%
EPS NY rev (1m)-2.54%
EPS NY rev (3m)-3%
Revenue NQ rev (1m)-0.7%
Revenue NQ rev (3m)-0.35%
Revenue NY rev (1m)-0.04%
Revenue NY rev (3m)-0.05%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.37 | ||
| Fwd PE | 8.27 | ||
| P/S | 1.11 | ||
| P/FCF | 10.92 | ||
| P/OCF | 4.95 | ||
| P/B | 1.6 | ||
| P/tB | N/A | ||
| EV/EBITDA | 6.03 |
EPS(TTM)4.33
EY11.95%
EPS(NY)4.38
Fwd EY12.09%
FCF(TTM)3.32
FCFY9.15%
OCF(TTM)7.32
OCFY20.2%
SpS32.72
BVpS22.63
TBVpS-18.55
PEG (NY)7.18
PEG (5Y)1.24
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.08% | ||
| ROE | 18.92% | ||
| ROCE | 10.27% | ||
| ROIC | 8.15% | ||
| ROICexc | 8.42% | ||
| ROICexgc | 29.05% | ||
| OM | 18.8% | ||
| PM (TTM) | 13.09% | ||
| GM | 70.08% | ||
| FCFM | 10.14% |
ROA(3y)4.66%
ROA(5y)4.59%
ROE(3y)14.72%
ROE(5y)14.11%
ROIC(3y)8.07%
ROIC(5y)7.33%
ROICexc(3y)8.3%
ROICexc(5y)7.57%
ROICexgc(3y)29.37%
ROICexgc(5y)28.09%
ROCE(3y)10.17%
ROCE(5y)9.23%
ROICexcg growth 3Y2.71%
ROICexcg growth 5Y-1.33%
ROICexc growth 3Y6.48%
ROICexc growth 5Y2.54%
OM growth 3Y1.54%
OM growth 5Y-0.78%
PM growth 3Y2.46%
PM growth 5Y1.77%
GM growth 3Y1.53%
GM growth 5Y0.49%
F-Score9
Asset Turnover0.46
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.1 | ||
| Debt/FCF | 7.9 | ||
| Debt/EBITDA | 2.47 | ||
| Cap/Depr | 102.22% | ||
| Cap/Sales | 12.23% | ||
| Interest Coverage | 6.36 | ||
| Cash Conversion | 72.69% | ||
| Profit Quality | 77.47% | ||
| Current Ratio | 0.68 | ||
| Quick Ratio | 0.68 | ||
| Altman-Z | 1.45 |
F-Score9
WACC7.25%
ROIC/WACC1.12
Cap/Depr(3y)103.41%
Cap/Depr(5y)97.28%
Cap/Sales(3y)12.12%
Cap/Sales(5y)11.59%
Profit Quality(3y)132.4%
Profit Quality(5y)128.46%
High Growth Momentum
Growth
EPS 1Y (TTM)9.07%
EPS 3Y10.15%
EPS 5Y6.77%
EPS Q2Q%14.29%
EPS Next Y1.17%
EPS Next 2Y5.81%
EPS Next 3Y6.66%
EPS Next 5Y7.73%
Revenue 1Y (TTM)1.78%
Revenue growth 3Y2.06%
Revenue growth 5Y2.58%
Sales Q2Q%2.12%
Revenue Next Year-0.65%
Revenue Next 2Y1.24%
Revenue Next 3Y0.65%
Revenue Next 5Y1.31%
EBIT growth 1Y-0.13%
EBIT growth 3Y3.63%
EBIT growth 5Y1.78%
EBIT Next Year64.62%
EBIT Next 3Y19.69%
EBIT Next 5Y12.58%
FCF growth 1Y-3.22%
FCF growth 3Y-9.79%
FCF growth 5Y-1.12%
OCF growth 1Y-2.91%
OCF growth 3Y-1.71%
OCF growth 5Y1.49%