CHARTER COMMUNICATIONS, INC. /MO/
$138.39
+5.73 (+4.32%) · delayed · Nov 13, 2026
Five-year price
52w $101.11 to $254.11
- Market cap
- $19.1B
- Enterprise value
- $113.3B
- P/E
- 3.8×
- 4.1× on 3y avg EPS
- EV / EBIT
- 8.8×
- FCF yield
- 23.2%
- ROIC
- 9.0%
- Debt / equity
- 5.90
- Piotroski F
- 6/9
Value scorecard · FY2025
Does it pass the value tests?
Quality
67
- ○ROIC > 12% (5y avg)5y avg ROIC 8.9%
- ●ROE > 15% (5y avg)5y avg ROE 38.7%
- ●Stable operating marginsMargin volatility 1.2% (σ, 5y)
- ●Earnings convert to cashFCF / net income 104% (5y avg)
- ○Growing revenueRevenue CAGR 5y 2.6%
- ●Shrinking share countDiluted shares -34.2% over 5y
Value
100
- ●P/E below 15P/E 3.8
- ●EV/EBIT below 12EV/EBIT 8.8
- ●FCF yield above 6%FCF yield 23.2%
- ●Price below Graham NumberGraham Number $308.15
- ●P/B below 3P/B 1.2
Safety
20
- ○Debt / equity below 0.5D/E 5.90
- ○Debt payable in < 4 yrs of earningsNet debt $94.3B
- ○Interest coverage > 8xCoverage 2.6x
- ○Current ratio > 1.5Current ratio 0.39
- ●Piotroski F-score ≥ 6F-score 6/9
Graham Defensive
71
- ●Adequate size (revenue > $2B)Revenue $54.8B
- ○Strong condition (current ratio ≥ 2)Current ratio 0.39
- ●Earnings stability (no loss, 10y)10 years of data
- ○Uninterrupted dividendsDividends paid every year on record
- ●Earnings growth ≥ 33% (10y, 3y avgs)EPS growth 83%
- ●Moderate P/E (≤ 15 on 3y avg EPS)P/E (3y avg) 4.1
- ●P/E × P/B ≤ 22.5Product 4.9
Valuation lab
What do you have to believe?
At $138.39, the market is pricing in about 8.9% annual free-cash-flow growth for the next decade (9% discount rate, 2.5% terminal growth).
Starting cash flow
Net debt $94.3B · 138M shares · 5y revenue CAGR 2.6%
Intrinsic value
$-159.29
Price
$138.39
Margin of safety
187%
What the price implies
The market is paying for 8.9% annual cash-flow growth for 10 years at a 9.0% discount rate.
Terminal value share
55% of the value sits beyond year 10.
Financial statements
A decade of the record.
USD millions · fiscal years · source: SEC 10-K XBRL
| Line item | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 29,003 | 41,581 | 43,634 | 45,764 | 48,097 | 51,682 | 54,022 | 54,607 | 55,085 | 54,774 |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Operating income | 2,456 | 4,106 | 5,221 | 6,511 | 8,405 | 10,526 | 11,962 | 12,559 | 13,118 | 12,908 |
| Operating margin | 8.5% | 9.9% | 12.0% | 14.2% | 17.5% | 20.4% | 22.1% | 23.0% | 23.8% | 23.6% |
| Pre-tax income | 820 | 1,028 | 1,686 | 2,431 | 4,302 | 6,388 | 7,462 | 6,854 | 7,502 | 7,458 |
| Income tax | (2,925) | (9,087) | 180 | 439 | 626 | 1,068 | 1,613 | 1,593 | 1,649 | 1,692 |
| Net income | 3,522 | 9,895 | 1,230 | 1,668 | 3,222 | 4,654 | 5,055 | 4,557 | 5,083 | 4,987 |
| EPS (diluted) | 15.94 | 34.09 | 5.22 | 7.45 | 15.40 | 24.47 | 30.74 | 29.99 | 34.97 | 36.21 |
| Diluted shares | 235 | 297 | 236 | 224 | 209 | 193 | 164 | 152 | 145 | 138 |
Who owns it