CMCSA
Comcast
Content / Subscription
★ Quality 30/100Price today
$26.49
Current discount
+117.9%
charlieapp.co
We are reviewing the data for this asset. For now we are not showing the calculated value or the signal — both come back as soon as the review is done.
A monopoly position
This company has a competitive advantage so strong that its rivals find it practically impossible to replicate.
What this business is made of
Price vs Intrinsic Value
The line is the price month by month; the green band marks when it's undervalued (−20% off value). When the price drops in there, the discount is real, not opinion.
How many times the cash flow
Content / Subscription · few peers to compare
You pay 8.6x times this business's cash flow.
65% below what Charlie thinks it's worth (14.2x) — that gap is your safety margin.
Why does Charlie give it 14.2x?
The multiple is how many times its cash flow the business is worth.
Here's how its valuation is built versus an average business:
Monopoly position. an edge so strong that replicating it would take decades.
Compounds dividends. it pays and sustains a dividend that grows over the years.
High debt. debt payments drain cash before it reaches you.
That's why it's worth 14.2x.
The business
Comcast is the cable buried under your house: nobody digs another one next to it.
Comcast sells connectivity and content: broadband and cable (Xfinity), the NBCUniversal network, theme parks, and the streaming service Peacock. It charges recurring month-to-month subscriptions to ~32 million households, plus advertising and tickets. 2025 revenue: $123.7B, with $21.9B in free cash flow.
The cable infrastructure covers millions of households and would cost a fortune to duplicate — nobody's going to dig another network next to it. Broadband is the business that rules: high margins and customers who don't switch easily. Content and parks are decent extras, not the core.
Revenue history
From $116.4B to $123.7B in 4 years. The business grows steadily.
Where each $100 of sales goes
Revenue $123.7B · FY2025
Of every $100 in sales, $84 goes to costs and operations; $16 is left as net profit (16% margin).
Catalysts and risks
Epic Universe in Orlando opened May 2025; first full year of park revenue in 2026.
Buybacks and dividend: returned more than $13B to shareholders in 2024, with a dividend that's grown 17 years straight.
Stabilization of Peacock losses as it raises prices and subscribers toward profitability.
The broadband business is losing subscribers to the telecoms' fixed wireless internet.
$93B in debt against $9.5B in cash — manageable with the FCF, but it limits maneuvering room if rates rise.
Pay-TV cable bleeds out every quarter; cord-cutting isn't stopping.
Charlie's note
“Fourteen-and-change times earnings for a business barely growing at 2% isn't a gift, but the broadband moat is real: nobody's going to dig another network next to it. You're paying reasonable quality at a reasonable price, and that calls for patience, not excitement.”
Analysis · June 2026
Charlie informs, it doesn't advise. No information should be taken as a recommendation to buy or sell.