Liberty Broadband Corporation (LBRDA)
NEGATIVEFundamental
30
Precio
$35.99
Capitalización Bursátil
$5.18B
Parte 1 · Cuánto vale la empresa
Resumen
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.
Cómo genera ingresos
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.
Ventaja competitiva
Sin ventaja identificada · NingunaLiberty 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.
Riesgos clave
- 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.
Concentración 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.
Los 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.
Los argumentos en 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
No editorial profile for this company yet
No competitor list for this company yet.
Balance y Liquidez
Ingresos
$134M
Ejercicio cerrado el 31/12/2025
Beneficio Neto
$-2.68B
Ejercicio cerrado el 31/12/2025
Flujo de Caja Libre
-
Patrimonio Neto Total
$5.70B
Pasivo Total
$3.13B
Ratio de Liquidez
0.09
Cobertura de Intereses
0.33
Deuda/EBITDA
-
Beneficio Por Acción
Ingresos y Beneficio Neto
Flujo de Caja Libre
Desglose de Ingresos
Estado histórico
Márgenes en el tiempo
La deuda en el tiempo
Cuánto pesa la deuda
Cuadro de crecimiento
Crecimiento — Ingresos
Métricas de Valoración
Ratio P/E
-
ROE
-47.0%
Ratio P/B
0.18
P/FCF
-
Margen Bruto
-
ROIC
-0.4%
Radar de Rentabilidad
Value Creation (Economic Moat)
ROIC
-0.4%
WACC
7.8%
ROIC − WACC
-8.2 pp
ROIC is below the cost of capital — the company is destroying value for every dollar invested.
Criterios de Análisis Fundamental
Superado (5)
- P/B Ratio 0.18
- Debt/Equity ratio
- Low reliance on intangibles
- Revenue Growth 5Y 132.7%
- Earnings Surprise avg 49.1%
Fallido (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
No disponible (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
Preocupaciones financieras graves
Calidad de los Beneficios
Baja calidad: investigue la contabilidad
Dilución de Acciones
Emitiendo nuevas acciones, diluyendo la participación
Gobernanza
Equipo Directivo
| Nombre | Cargo | Edad |
|---|---|---|
| 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 · El precio y el momento de entrar
Esta parte no sirve para saber si la empresa vale: sirve para elegir cuándo comprarla, una vez que los fundamentales te han convencido. Dentro: análisis técnico, potencial, caídas históricas, exposición gamma.
Latest News
Recent headlines for LBRDA, sourced from Markets Gazette.