Liberty Broadband Corporation (LBRDA)
SuperavaliadaFundamental
30
Preço
$35.99
Capitalização de Mercado
$5.18B
Parte 1 · Quanto vale a empresa
Visão Geral
LBRDA is a share class of Liberty Broadband, a holding company whose principal asset is a large minority stake in Charter Communications, the cable and broadband operator. Liberty Broadband does not run cable systems itself: after spinning off its Alaska-based GCI operations in July 2025, it exists mainly to hold roughly a third of Charter and is in the process of merging fully into Charter, with the merger expected to close by mid-2027.
Como gera receita
Liberty Broadband earns no meaningful operating revenue of its own: it holds its roughly 32.8% economic interest in Charter under the equity method, meaning it books a share of Charter's net income rather than consolidating Charter's cable and broadband revenue. Its value moves with Charter's stock price and earnings, and with the fixed 0.236 Charter shares each Liberty Broadband share will convert into once the pending merger closes.
Vantagem competitiva
Nenhuma vantagem identificada · NenhumaLiberty Broadband itself operates no business with a competitive position to defend — it is a holding vehicle. Any durable advantage belongs to Charter's cable network, not to Liberty Broadband, whose only function is holding shares pending the merger.
Principais riscos
- Value entirely dependent on Charter — Because its only substantial asset is its Charter stake, anything that hurts Charter's cable and broadband business — subscriber losses, price competition, rising programming costs — passes straight through to Liberty Broadband's results.
- Merger completion risk — The all-stock merger into Charter, approved by both companies' shareholders, is not expected to close until mid-2027 and remains subject to regulatory approvals and other closing conditions that could delay or, in principle, prevent completion.
- Fixed exchange ratio locks in relative value — The 0.236 Charter-share exchange ratio was set at signing; if Charter's business or stock performs very differently than expected before closing, Liberty Broadband shareholders cannot renegotiate the terms they will receive.
Concentração de clientes
Liberty Broadband has no operating customers of its own; its entire value is concentrated in a single holding, its stake in Charter Communications, rather than in a base of paying customers.
Os argumentos a favor
Buyers argue that owning Liberty Broadband is effectively a way to own Charter at whatever discount the market applies to the holding-company structure, and that the pending merger removes that discount entirely once it closes by converting each share into a fixed number of Charter shares.
Os argumentos contra
Sellers fear that Liberty Broadband carries all of Charter's cable-industry risks — cord-cutting, competition from fiber and wireless broadband, subscriber losses — without operating a business of its own, and that the merger's mid-2027 timeline leaves a long window in which the deal's terms or completion could be disrupted.
Written by the editors, published on 18 de agosto de 2026
Direct competitors
Who this company fights with for the same customers
Generated on 19 de setembro de 2026 with claude-haiku-4-5 — shared with all users
Comcast is the other large US cable operator, selling the same broadband, video and mobile bundles to residential and small-business customers that drive the value of Liberty Broadband's Charter stake.
AT&T is named in Charter's own 10-K as a broadband and mobile competitor, and is overbuilding fiber into millions of homes inside Charter's footprint.
Verizon competes for the same households with Fios fiber and with fixed wireless home internet, plus mobile lines that Charter sells through Spectrum Mobile.
T-Mobile's fixed wireless home internet has taken a large share of new US broadband additions, the same customers Charter needs to keep and add.
Altice USA runs cable and fiber networks serving residential broadband and video customers in markets adjacent to and overlapping Charter's, with the same product mix.
Cox is a large privately held US cable operator selling broadband, video and mobile to residential customers, though Charter has agreed to combine with it.
Balanço & Liquidez
Receita
$134M
Exercício encerrado em 31/12/2025
Resultado Líquido
$-2.68B
Exercício encerrado em 31/12/2025
Fluxo de Caixa Livre
-
Capital Próprio Total
$5.70B
Passivo Total
$3.13B
Rácio de Liquidez
0.09
Cobertura de Juros
0.33
Dívida/EBITDA
-
Resultados Por Ação
Receita & Resultado Líquido
Fluxo de Caixa Livre
Decomposição dos Resultados
Sem dados de resultados disponíveis
Demonstração histórica
Margens ao longo do tempo
A dívida ao longo do tempo
Quanto pesa a dívida
Grelha do crescimento
Crescimento — Receitas
Estimativa de Valor Justo
Valor Justo
$15.12
Preço Atual
$35.99
Margem de Segurança
-138.1%
Intervalo de Valor Justo
$14.36 - $15.87
Dispersão entre os métodos de avaliação utilizados, não um intervalo de confiança calibrado estatisticamente.
Métodos de Estimativa
Métricas de Avaliação
Rácio P/E
-
ROE
-47.0%
Rácio P/B
0.18
P/FCF
-
Margem Bruta
-
ROIC
-0.4%
Radar de Rentabilidade
Criação de Valor (Vantagem Competitiva)
ROIC
-0.4%
WACC
7.8%
ROIC − WACC
-8.2 pp
O ROIC está abaixo do custo do capital — a empresa está a destruir valor a cada dólar investido.
Critérios de Análise Fundamental
Aprovado (5)
- P/B Ratio 0.18
- Debt/Equity ratio
- Low reliance on intangibles
- Revenue Growth 5Y 132.7%
- Earnings Surprise avg 49.1%
Reprovado (11)
- EPS shows upward trend
- Price CAGR -6.76%
- ROIC -0.4%
- Current Ratio
- Interest Coverage
- Return on Tangible Assets
- DCF valuation (Unknown)
- ROE -86.7%
- Analyst Consensus 0% Buy
- Share Dilution 14.9%
- Piotroski F-Score 2/9
Indisponível (11)
- Gross Margin NaN%
- P/FCF NaN
- Dividend Payout NaN%
- Operating Margin NaN%
- Positive Free Cash Flow
- CapEx intensity
- Debt/EBITDA
- Price below Graham Number
- PEG Ratio (need PE > 0 and growth > 0)
- Earnings Quality (OCF/Net Income)
- Net Margin Trend (invalid data)
Piotroski F-Score
Preocupações financeiras graves
Qualidade dos Resultados
Baixa qualidade: investigar a contabilidade
Diluição de Ações
A emitir novas ações, diluindo a participação
Participações institucionais
Não há declarações institucionais para esta empresa.
Governação
Equipa Executiva
| Nome | Cargo | Idade |
|---|---|---|
| Mr. Martin Edward Patterson C.F.A. | CEO & President | 38 |
| Mr. Brian J. Wendling | Chief Accounting Officer & Principal Financial Officer | 52 |
| Ms. Renee L. Wilm J.D. | Chief Legal Officer & Chief Administrative Officer | 51 |
| Mr. Wade D. Haufschild | Senior Vice President | 49 |
Parte 2 · O preço e o momento de entrar
Esta parte não serve para saber se a empresa vale: serve para escolher quando comprá-la, depois que os fundamentos te convenceram. Dentro: análise técnica, potencial, quedas históricas, exposição gama.
Documentos
- Ver documento
Relatório anual (10-K)
Uma visão anual do negócio, dos resultados financeiros e dos riscos da empresa.
Arquivado em 2026-02-05
- Ver documento
Relatório trimestral (10-Q)
Uma atualização sobre o desempenho financeiro dos últimos três meses.
Arquivado em 2026-07-29
- Ver documento
Relatório de fato relevante (8-K)
Um aviso sobre um fato relevante, como uma mudança na liderança ou um grande anúncio.
Arquivado em 2026-08-21
via SEC EDGAR
Histórico de Resultados
via SEC EDGAR
Latest News
Recent headlines for LBRDA, sourced from Markets Gazette.