Comcast Corp


SKU: CMCSA Category:


Comcast’s strong financial performance off-late has been driven by a combination of Sky, NBCUniversal, and cable delivering solid growth. In the past quarter, the company managed to deliver an all-around beat. In cable, Comcast achieved its highest growth margin amid an evolving and unique macroeconomic environment which has been pressurizing the volume of the company’s new customer connections. At NBCUniversal, a particularly good recovery in the theme parks business has powered the growth in this quarter. The decrease in Voice revenue reflects the decrease in residential video customers. Wireless revenue has increased because of the increase in customer lines. This quarter viewed an increase in advertising lines because of an increase in political advertising as well as its advanced advertising business and at its Xumo streaming service. Among key recent developments, Charter and Comcast have teamed up to develop a streaming platform based on Flex of Comcast, which includes Xumo, its free streaming service. We provide the stock of Comcast with a ‘Hold’ rating with a revision in the target price.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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