Financials Liberty Global Ltd. Nasdaq

Equities

LBTYB

BMG611881191

Integrated Telecommunications Services

Delayed Nasdaq Other stock markets 08:12:02 09/05/2024 pm IST			5-day change	1st Jan Change
16.57 ^USD	-1.82%		-5.31%	-6.96%

08/05	Tripadvisor stock sinks as panel rules out sale for now	RE
06/05	Anetac, Inc. announced that it has received $16 million in funding from Liberty Global Ltd., Shield Capital, LLC, The General Partnership and other investors	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	13,970	13,905	15,190	8,841	7,207	6,240	-	-
Enterprise Value (EV) ¹	34,011	25,975	26,835	18,257	19,566	21,585	18,849	19,514
P/E ratio	1.39 x	-8.97 x	1.18 x	6.4 x	-1.87 x	-7.41 x	-7.11 x	-9.19 x
Yield	-	-	-	-	-	-	-	-
Capitalization / Revenue	1.21 x	1.16 x	1.47 x	1.23 x	0.96 x	0.82 x	0.82 x	0.83 x
EV / Revenue	2.95 x	2.17 x	2.6 x	2.54 x	2.61 x	2.85 x	2.49 x	2.58 x
EV / EBITDA	7 x	5.31 x	6.77 x	7.03 x	8.26 x	9 x	7.65 x	8.01 x
EV / FCF	10.2 x	9.16 x	12.5 x	15.9 x	34 x	26.6 x	24.2 x	24.8 x
FCF Yield	9.83%	10.9%	7.98%	6.3%	2.94%	3.76%	4.13%	4.03%
Price to Book	1.06 x	1.03 x	0.56 x	0.39 x	0.4 x	0.3 x	0.29 x	0.28 x
Nbr of stocks (in thousands)	6,32,455	5,83,106	5,42,921	4,59,753	3,95,204	3,72,722	-	-
Reference price ²	22.74	24.22	27.74	18.93	17.77	16.47	16.47	16.47
Announcement Date	13/02/20	16/02/21	17/02/22	22/02/23	15/02/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	11,542	11,980	10,311	7,196	7,491	7,575	7,579	7,563
EBITDA ¹	4,860	4,896	3,963	2,595	2,370	2,397	2,464	2,437
EBIT ¹	745.5	2,118	1,320	146.8	-244.5	196.9	224.7	190.5
Operating Margin	6.46%	17.68%	12.8%	2.04%	-3.26%	2.6%	2.97%	2.52%
Earnings before Tax (EBT) ¹	-1,156	-1,724	14,001	1,424	-3,724	-311.5	-453.4	-381.9
Net income ¹	11,521	-1,628	13,427	1,473	-4,052	-762.3	-660.6	-568.7
Net margin	99.83%	-13.59%	130.21%	20.47%	-54.08%	-10.06%	-8.72%	-7.52%
EPS ²	16.32	-2.700	23.59	2.960	-9.520	-2.223	-2.316	-1.792
Free Cash Flow ¹	3,342	2,836	2,141	1,151	575.6	811.5	778.8	787
FCF margin	28.96%	23.67%	20.76%	15.99%	7.68%	10.71%	10.28%	10.41%
FCF Conversion (EBITDA)	68.78%	57.92%	54.02%	44.34%	24.29%	33.85%	31.61%	32.29%
FCF Conversion (Net income)	29.01%	-	15.95%	78.12%	-	-	-	-
Dividend per Share ²	-	-	-	-	-	-	-	-
Announcement Date	13/02/20	16/02/21	17/02/22	22/02/23	15/02/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	1,921	1,853	1,754	1,746	1,842	1,868	1,848	1,854	1,920	1,945	1,841	1,878	1,939	-	-
EBITDA ¹	689.9	684.3	649.8	664	597.3	624.5	601.4	597.7	546	581.4	591.3	605.8	610.1	-	-
EBIT ¹	80.9	58.8	24.5	108.9	-45.4	37.4	-49.2	-27.4	-205.3	22.6	-81.2	-63	-60.3	-	-
Operating Margin	4.21%	3.17%	1.4%	6.24%	-2.46%	2%	-2.66%	-1.48%	-10.69%	1.16%	-4.41%	-3.35%	-3.11%	-	-
Earnings before Tax (EBT) ¹	667.4	1,157	2,346	2,496	-4,575	-701	-352.1	821	-3,492	553.9	-331.2	-313	-302.9	-	-
Net income ¹	636.1	1,038	2,787	2,348	-4,700	-721.4	-499.6	659.2	-3,490	510	-300.9	-201	-222.8	-	-
Net margin	33.12%	56.02%	158.85%	134.46%	-255.16%	-38.61%	-27.03%	35.55%	-181.72%	26.22%	-16.34%	-10.7%	-11.49%	-	-
EPS ²	1.320	1.950	5.470	4.870	-9.330	-1.590	-1.130	1.570	-8.240	1.320	-0.6534	-0.4430	-0.6360	-	-
Dividend per Share ²	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	17/02/22	10/05/22	28/07/22	01/11/22	22/02/23	09/05/23	24/07/23	31/10/23	15/02/24	01/05/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	20,040	12,070	11,645	9,415	12,360	15,345	12,610	13,274
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	4.124 x	2.466 x	2.938 x	3.628 x	5.216 x	6.401 x	5.119 x	5.446 x
Free Cash Flow ¹	3,342	2,836	2,141	1,151	576	812	779	787
ROE (net income / shareholders' equity)	-11.3%	-11.9%	67.8%	6.09%	-19.5%	-3%	-3.14%	-3.17%
ROA (Net income/ Total Assets)	22.6%	-3.01%	25.3%	3.28%	-9.54%	-1.4%	-1.67%	-1.49%
Assets ¹	51,093	54,068	53,005	44,906	42,492	54,452	39,590	38,259
Book Value Per Share ²	21.50	23.60	49.20	48.80	44.80	54.00	56.70	58.00
Cash Flow per Share ²	6.500	6.950	6.240	5.700	3.260	5.680	5.600	6.030
Capex ¹	1,243	1,350	1,408	1,319	1,386	1,570	1,514	1,449
Capex / Sales	10.77%	11.27%	13.65%	18.33%	18.5%	20.73%	19.97%	19.17%
Announcement Date	13/02/20	16/02/21	17/02/22	22/02/23	15/02/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Liberty Global Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

16.47 USD

Average target price

25.44 USD

Spread / Average Target

+54.46%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Other Integrated Telecommunications Services