Charter Communications, Inc. (CHTR)
Sous-évaluéFondamental
73
Prix
$111.42
Capitalisation boursière
$15.28B
Partie 1 · Ce que vaut l'entreprise
Vue d'ensemble
Charter, operating under the Spectrum brand, owns and runs the cable network that delivers internet, video, phone and mobile service to about 30 million households and businesses across roughly 41 U.S. states. It built this network by laying and upgrading cable lines over decades, giving it a local infrastructure monopoly or duopoly in most areas it serves. It increasingly sells mobile service too, reselling wireless capacity bundled with its home internet.
Comment l'entreprise gagne de l'argent
The great majority of revenue is recurring monthly subscription fees for internet, video, voice and mobile service, billed directly to households and businesses. Internet has become the single largest and most profitable line as video subscriptions shrink, while mobile is a newer, faster-growing add-on sold mainly to existing broadband customers. The remainder comes from advertising, franchise fees and other smaller sources.
Chiffre d'affaires par segment
Internet, video, voice and mobile subscriptions sold directly to households under the Spectrum brand.
The same connectivity services sold to small businesses and mid-market and large enterprise customers.
Franchise fees, equipment sales and rentals, and other smaller regulatory and ancillary revenue.
Local and regional advertising sold on Charter's cable networks, which swings with the political ad cycle.
Avantage concurrentiel
Économies d'échelle · ÉtroitCharter's cable lines were expensive and slow to build, giving it a durable cost advantage over any new entrant trying to wire the same neighborhoods from scratch. The moat is narrow rather than wide because fiber overbuilders and fixed-wireless 5G home internet from mobile carriers are now competing directly in many of Charter's territories, something a pure cable monopoly did not have to face a decade ago.
Ce qui stimule la demande
Modérément cycliqueHome broadband has become close to a household essential, which makes subscription revenue fairly resilient to the economic cycle. Video and advertising are more exposed: video keeps losing subscribers to streaming regardless of the economy, and advertising revenue moves noticeably with the political election cycle and broader ad-market strength.
Principaux risques
- Competition from fiber and fixed wireless — Charter faces increasingly aggressive competition from telephone companies, fiber-to-the-home builders, and wireless carriers offering fixed 5G home internet, all eroding its historical local infrastructure advantage.
- Structural decline of the video business — Video subscribers continue to leave for streaming services, pressuring a large and historically profitable part of the business with no sign of the trend reversing.
- High financial leverage — Charter carries substantial debt used to fund network upgrades and share buybacks, which raises fixed interest costs and reduces flexibility if operating performance weakens.
- Regulatory and labor relations risk — Local franchise agreements, pole-attachment rules and broader telecom regulation can affect costs and market access, and part of the workforce is unionized, exposing the company to labor-relations disruption.
Les arguments en faveur
Buyers argue that broadband is close to an essential utility with high switching costs once installed, that mobile bundling gives Charter a new growth lever as video declines, and that continued network investment will let it hold share even as fiber and fixed-wireless rivals expand.
Les arguments contre
Sellers fear that fiber overbuilders and 5G fixed-wireless internet are eating into Charter's core broadband advantage just as video keeps shrinking, leaving a highly leveraged company to defend revenue with price cuts and heavier capital spending rather than growth.
Written by the editors, published on 18 août 2026
Direct competitors
Who this company fights with for the same customers
Generated on 18 septembre 2026 with claude-haiku-4-5 — shared with all users
Comcast's Xfinity sells the same bundle of residential broadband, video and MVNO mobile to US households, and is the only cable operator of comparable scale to Charter's Spectrum.
T-Mobile's 5G Home Internet is the largest source of fixed-wireless substitution inside Charter's footprint, and it competes directly for the same mobile lines Charter sells through its MVNO.
Charter's 10-K names AT&T as its largest fiber-to-the-home rival, overlapping roughly a third of its footprint, and AT&T also competes for the same mobile and business connectivity customers.
Verizon sells Fios fiber and 5G fixed-wireless home internet against Spectrum, and its January 2026 purchase of Frontier extended that overlap to about 30 million homes across 31 states.
Optimum runs a cable and fiber network offering broadband, video and mobile to residential customers in the Northeast and the South, the same product set and the same household budget Spectrum targets.
Bilan & Liquidités
Chiffre d'affaires
$54.40B
12 derniers mois (au 30/06/2026)
Résultat net
$4.92B
12 derniers mois (au 30/06/2026)
Flux de trésorerie libre
$4.42B
Capitaux propres totaux
$16.05B
Passif total
$133.69B
Ratio de liquidité général
0.36
Couverture des intérêts
-
Dette/EBITDA
4.40
Bénéfice par action
Chiffre d'affaires & Résultat net
Flux de trésorerie libre
Décomposition du résultat
État historique
Marges dans le temps
La dette dans le temps
Le poids de la dette
Grille de la croissance
Croissance — Chiffre d'affaires
Estimation de la juste valeur
Juste valeur
$712.13
Prix actuel
$111.42
Marge de sécurité
+84.4%
Fourchette de juste valeur
$462.89 - $961.38
Écart entre les méthodes de valorisation utilisées, pas un intervalle de confiance calibré statistiquement.
Méthodes d'estimation
Indicateurs de valorisation
Ratio P/E
2.89
ROE
31.1%
Ratio P/B
1.77
P/FCF
6.89
Marge brute
-
ROIC
7.0%
Radar de rentabilité
Création de valeur (avantage concurrentiel)
ROIC
7.0%
WACC
1.5%
ROIC − WACC
+5.5 pp
Le ROIC dépasse le coût du capital — l'entreprise crée de la valeur pour les actionnaires.
Critères d'analyse fondamentale
Réussi (15)
- EPS shows upward trend
- ROIC 7.1%
- P/FCF 6.89
- P/B Ratio 1.77
- Operating Margin 23.3%
- Positive Free Cash Flow
- Debt/EBITDA
- Return on Tangible Assets
- Price below Graham Number
- DCF valuation (Undervalued)
- ROE 30.4%
- PEG Ratio 0.22
- Earnings Quality (OCF/NI) 3.34
- Share Dilution -5.2%
- Piotroski F-Score 6/9
Échoué (9)
- Price CAGR -8.64%
- Debt/Equity ratio
- CapEx intensity
- Current Ratio
- Low reliance on intangibles
- Revenue Growth 5Y 2.6%
- Analyst Consensus 20% Buy
- Earnings Surprise avg -4.4%
- Net Margin Trend 9.1% vs 9.5%
Indisponible (3)
- Gross Margin NaN%
- Dividend Payout NaN%
- Interest Coverage
Score F de Piotroski
Signaux mixtes : certains domaines nécessitent attention
Qualité des bénéfices
Qualité élevée : bénéfices soutenus par la trésorerie
Dilution du capital
Rachat d'actions. Favorable aux actionnaires
Participations institutionnelles
Gouvernance
Équipe dirigeante
| Nom | Titre | Âge |
|---|---|---|
| Mr. Christopher L. Winfrey | President, CEO & Director | 49 |
| Ms. Jessica M. Fischer | Chief Financial Officer | 39 |
| Mr. Richard J. DiGeronimo | President of Product & Technology | 47 |
| Mr. Jamal H. Haughton J.D. | Executive VP, General Counsel & Corporate Secretary | 49 |
| Mr. R. Adam Ray | Executive VP, Chief Commercial Officer & President of Spectrum Enterprise | 48 |
| Mr. Nicholas Simon Jeffery | Chief Operating Officer | 57 |
| Mr. Kevin D. Howard | Executive VP, Chief Accounting Officer & Controller | 55 |
| Mr. Jeffrey B. Murphy | Senior Vice President of Corporate Finance & Development | 58 |
| Mr. Jacob H. Perlman | Executive VP and Chief Technology & Information Officer | 47 |
| Mr. Stefan Anninger | Vice President of Investor Relations | - |
Risque d'audit
10
Risque du conseil
7
Risque de rémunération
10
Risque droits des actionnaires
6
Partie 2 · Le prix et le moment d'entrer
Cette partie ne dit pas si l'entreprise vaut la peine : elle aide à choisir quand l'acheter, une fois que les fondamentaux vous ont convaincu. À l'intérieur : analyse technique, potentiel, baisses historiques, exposition gamma.
Documents
- Voir le document
Rapport annuel (10-K)
Un aperçu annuel de l'activité, des résultats financiers et des risques de l'entreprise.
Déposé le 2026-01-30
- Voir le document
Rapport trimestriel (10-Q)
Une mise à jour de la performance financière des trois derniers mois.
Déposé le 2026-07-24
- Voir le document
Rapport d'événement important (8-K)
Un avis concernant un événement important, comme un changement de direction ou une annonce majeure.
Déposé le 2026-09-15
via SEC EDGAR
Historique des résultats
via SEC EDGAR
Latest News
Recent headlines for CHTR, sourced from Markets Gazette.
- 28d agoNEUTRALCharter CFO’s move to Blackstone-Google AI venture signals where finance talent is flowing
Charter Communications' Chief Financial Officer, Jessica Fischer, is departing after nearly a decade to join a new AI infrastructure venture backed by Blackstone and Google. This move signals a significant shift in talent allocation within the finance sector, with a growing emphasis on artificial intelligence and technology infrastructure over traditional industries like legacy cable. Fischer's departure, while not directly impacting Charter's immediate financial performance, highlights the competitive landscape for top financial talent and the strategic pivot many executives are making towards high-growth technology areas.
- 7/27/2026NEUTRALFriday’s Activity, 3 Fresh Ideas for Monday
The article discusses trading activity from Friday, highlighting a successful 'multi-bag move' on CHTR Weekly $123-122 Puts. While the specific outcome for these puts is not detailed, the mention of a profitable trade suggests a positive short-term performance for those who entered the position. The news is part of a broader market commentary from Blue Horseshoe Stocks, offering insights into potential trading strategies for the upcoming week. Investors might note the successful execution of options trades as an indicator of market volatility and potential opportunities.
- 7/24/2026NEGATIVECharter sees further ‘erosion’ of its internet business, sending the stock sharply lower
Charter Communications Inc. reported a greater-than-anticipated loss of broadband subscribers, a key metric for its core internet business. This subscriber erosion, a persistent challenge for the company, overshadowed the addition of over 400,000 new mobile lines. The significant decline in its primary revenue stream has led to a sharp drop in the stock price, signaling investor concern over the long-term viability and growth prospects of its traditional broadband services.
- 6/29/2026POSITIVECharter may be making ‘frenemies’ with SpaceX, and its stock is soaring
Charter Communications Inc. shares surged following news that SpaceX's Starlink is exploring potential wireless market entry options, with a partnership with Charter being a key consideration. This potential collaboration could significantly bolster Charter's market position and revenue streams by integrating satellite internet capabilities into its existing broadband services. While competitors' stocks are declining on this news, Charter's strategic move positions it to capitalize on emerging technologies and expand its service offerings, signaling strong future growth prospects for investors.
- 4/27/2026POSITIVEWhat's Going On With Charter Communications Stock Monday?
Charter Communications shares saw a premarket surge on Monday, recovering some of the previous day's significant 25% decline. While the article mentions a prior plunge, the current focus on a premarket rise suggests a potential short-term rebound or stabilization. Investors will be closely monitoring the upcoming Q1 2026 earnings report and updates on customer loss trends and the company's forward-looking outlook for further directional clues.
- 4/24/2026NEGATIVECharter’s stock just got hammered. Here’s what fueled its worst day on record.
Charter Communications experienced its worst trading day on record, with its stock price plummeting due to a significant loss of internet subscribers in the latest quarter. This miss on subscriber numbers indicates ongoing challenges within the company's core broadband business, suggesting that the anticipated recovery or stabilization has not yet materialized. Investors are likely reassessing the company's growth prospects and competitive positioning in a rapidly evolving telecommunications landscape, potentially leading to further downside pressure on the stock.
- 4/24/2026NEUTRALCharter Communications Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Charter Communications is set to report its first-quarter earnings on April 24th. Analysts project earnings per share of $10.08, a notable increase from $8.42 in the same period last year. The stock closed at $241.78 on April 22nd. While the earnings forecast shows year-over-year growth, recent analyst ratings from March and January 2022 show a mixed sentiment, with Truist Securities downgrading from Buy to Hold, and Deutsche Bank and Barclays maintaining their existing ratings. Investors will be closely watching the earnings report for further guidance on subscriber growth and operational performance.
- 2/19/2026NEGATIVESpectrum drops bold new offer after heavy customer losses
Charter Communications, operating as Spectrum, is experiencing significant customer attrition, prompting new offers to retain its user base. This situation points to intense competition and potential market share erosion, which could negatively impact the company's future revenue and profitability.
via Markets Gazette