Liberty Broadband Corporation (LBRDA)
NEGATIVEFondamental
30
Prix
$35.99
Capitalisation boursière
$5.18B
Partie 1 · Ce que vaut l'entreprise
Vue d'ensemble
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.
Comment l'entreprise gagne de l'argent
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.
Avantage concurrentiel
Aucun avantage identifié · AucunLiberty 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.
Principaux risques
- 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.
Concentration des clients
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.
Les arguments en faveur
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.
Les arguments contre
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 août 2026
Direct competitors
Who this company fights with for the same customers
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Bilan & Liquidités
Chiffre d'affaires
$134M
Exercice clos le 31/12/2025
Résultat net
$-2.68B
Exercice clos le 31/12/2025
Flux de trésorerie libre
-
Capitaux propres totaux
$5.70B
Passif total
$3.13B
Ratio de liquidité général
0.09
Couverture des intérêts
0.33
Dette/EBITDA
-
Bénéfice par action
Chiffre d'affaires & Résultat net
Flux de trésorerie libre
Décomposition du résultat
État historique
Marges dans le temps
La dette dans le temps
Le poids de la dette
Grille de la croissance
Croissance — Chiffre d'affaires
Indicateurs de valorisation
Ratio P/E
-
ROE
-47.0%
Ratio P/B
0.18
P/FCF
-
Marge brute
-
ROIC
-0.4%
Radar de rentabilité
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.
Critères d'analyse fondamentale
Réussi (5)
- P/B Ratio 0.18
- Debt/Equity ratio
- Low reliance on intangibles
- Revenue Growth 5Y 132.7%
- Earnings Surprise avg 49.1%
Échoué (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
Indisponible (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)
Score F de Piotroski
Préoccupations financières sérieuses
Qualité des bénéfices
Qualité faible : examiner la comptabilité
Dilution du capital
Émission de nouvelles actions, diluant la participation
Gouvernance
Équipe dirigeante
| Nom | Titre | Âge |
|---|---|---|
| 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 |
Partie 2 · Le prix et le moment d'entrer
Cette partie ne dit pas si l'entreprise vaut la peine : elle aide à choisir quand l'acheter, une fois que les fondamentaux vous ont convaincu. À l'intérieur : analyse technique, potentiel, baisses historiques, exposition gamma.
Latest News
Recent headlines for LBRDA, sourced from Markets Gazette.