CHTR Stock Forecast: Robust and Scalable Business
This CHTR Stock Forecast article was written by Meiru Zhong – Financial Analyst at I Know First.Summary
- CHTR earned revenue of $13.66 billion growing by 0.5% in Q2 2023 compared to Q2 2022. The net income decreased by 16.9% to $1.22 billion, mainly due to the higher interest expense and losses on investments.
- Residential Internet and Commercial businesses contributed most to the total revenue and maintained a continuous and stable growth rate. Mobile business has the greatest growing potential and the rapid growth is expected to sustain in the next few years.
- CHTR’s current strategy is focused on evolution, expansion, and execution. Specifically, evolution includes Spectrum One, Multi-gigabit Speed Program, and Xumo while expansion is about rural builds to tap into unserved and underserved areas.
- CHTR has a moderate Performance compared with Peers in the telecommunication service industry. But its liquidity and solvency risks are worth noting as the expected debt needed to be paid will be half or even more than EBIT in the next few years.
- DCF values CHTR at $483, with an upside potential of 10%, compared with the stock price of $440.80 on October 19, 2023
