Projected Income Statement: Comcast Corporation

Forecast Balance Sheet: Comcast Corporation

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 91,309 90,062 90,875 91,771 89,456 80,427 73,793 73,383
Change - -1.37% 0.9% 0.99% -2.52% -10.09% -8.25% -0.56%
Announcement Date 1/27/22 A 1/26/23 A 1/25/24 A 1/30/25 A 1/29/26 A - - -
1USD in Million
Estimates

Cash Flow Forecast: Comcast Corporation

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 9,174 10,626 12,242 12,181 11,750 11,721 11,583 11,740
Change - 15.83% 15.21% -0.5% -3.54% -0.25% -1.17% 1.36%
Free Cash Flow (FCF) 1 17,089 12,646 12,962 12,543 19,235 13,844 13,305 14,046
Change - -26% 2.5% -3.23% 53.35% -28.03% -3.89% 5.57%
Announcement Date 1/27/22 A 1/26/23 A 1/25/24 A 1/30/25 A 1/29/26 A - - -
1USD in Million
Estimates

Forecast Financial Ratios: Comcast Corporation

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 29.82% 30.03% 30.96% 30.77% 30.22% 27.59% 28.26% 28.11%
EBIT Margin (%) 17.89% 18.63% 19.18% 18.83% 16.71% 14.88% 15.47% 15.9%
EBT Margin (%) 16.41% 7.65% 16.84% 15.09% 20.83% 11.67% 12.16% 12.35%
Net margin (%) 12.17% 4.42% 12.66% 13.09% 16.17% 8.9% 9.24% 9.42%
FCF margin (%) 14.68% 10.41% 10.66% 10.14% 15.55% 11.52% 11.3% 11.65%
FCF / Net Income (%) 120.69% 235.49% 84.23% 77.46% 96.18% 129.41% 122.23% 123.75%

Profitability

        
ROA 5.15% 6.06% 5.89% 6.38% 5.93% 4.23% 4.47% 4.74%
ROE 16.14% 18.24% 20.16% 20.13% 17.51% 12.24% 12.08% 12.3%

Financial Health

        
Leverage (Debt/EBITDA) 2.63x 2.47x 2.41x 2.41x 2.39x 2.43x 2.22x 2.17x
Debt / Free cash flow 5.34x 7.12x 7.01x 7.32x 4.65x 5.81x 5.55x 5.22x

Capital Intensity

        
CAPEX / Current Assets (%) 7.88% 8.75% 10.07% 9.84% 9.5% 9.76% 9.84% 9.74%
CAPEX / EBITDA (%) 26.43% 29.15% 32.53% 32% 31.43% 35.36% 34.81% 34.65%
CAPEX / FCF (%) 53.68% 84.03% 94.45% 97.11% 61.09% 84.67% 87.06% 83.58%

Items per share

        
Cash flow per share 1 6.263 5.962 6.871 7.081 9.071 7.828 7.788 7.794
Change - -4.79% 15.24% 3.06% 28.1% -13.7% -0.51% 0.07%
Dividend per Share 1 1 1.08 1.16 1.24 1.32 1.326 1.39 1.472
Change - 8% 7.41% 6.9% 6.45% 0.43% 4.83% 5.91%
Book Value Per Share 1 20.65 18.27 19.94 21.89 26.89 27.19 29.24 31.5
Change - -11.5% 9.12% 9.81% 22.8% 1.12% 7.54% 7.74%
EPS 1 3.04 1.21 3.71 4.14 5.39 2.999 3.12 3.428
Change - -60.2% 206.61% 11.59% 30.19% -44.36% 4.05% 9.87%
Nbr of stocks (in thousands) 4,568,923 4,323,409 4,025,080 3,826,540 3,643,895 3,548,637 3,548,637 3,548,637
Announcement Date 1/27/22 A 1/26/23 A 1/25/24 A 1/30/25 A 1/29/26 A - - -
1USD
Estimates
2026 *2027 *
P/E 7.52x 7.23x
PBR 0.83x 0.77x
EV / Sales 1.33x 1.3x
Yield 5.88% 6.16%

EPS & Dividend



Y-o-Y evolution of P/E

 

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
28
Last Close Price
22.55USD
Average target price
29.76USD
Spread / Average Target
+31.99%

Quarterly revenue - Rate of surprise

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  5. Financials Comcast Corporation