Comcast (CMCSA) AI Stock Analysis

• Market Cap: $126.21B
• Dividend Yield: 3.71%
• Average Volume (3M): 28.11M
• Price to Earnings (P/E): 8.1
• Beta (1Y): 0.62
• Revenue Growth: 1.78%
• EPS Growth: 11.62%
• Country: US
• Employees: 182,000
• Sector: Communication Services
• Sector Strength: 73
• Industry: Telecommunications Services
• EPS (TTM): 4.15
• Shares Outstanding: 3,771,578,100
• 10 Day Avg. Volume: 26,501,492
• 30 Day Avg. Volume: 28,105,564
• PEG Ratio: 0.69
• Price to Book (P/B): N/A
• Price to Sales (P/S): 1.12
• Price to Cash Flow (P/CF): 4.30
• P/FCF Ratio: 4.30
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $42.03
• Price Target Upside: 25.91% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 20

Comcast's strong financial performance and strategic growth initiatives are significant strengths, supported by attractive valuation metrics. However, technical analysis indicates limited momentum, and competitive challenges in broadband growth present risks. Overall, Comcast is well-positioned with a balanced outlook.

Positive Factors

Future Growth

Parks and the Studio should accelerate admirably through the year off movie releases like Jurassic Park: Rebirth and Wicked: For Good.

Operational Performance

The company reported record revenue and EBITDA in its history, showing some positive operational performance.

Valuation

The current trading multiple of 5.7x EV/EBITDA is low, suggesting there’s potential upside for patient investors.

Negative Factors

Competition

Intense competition is expected to result in a significant increase in broadband subscriber losses, which raises concerns about Comcast's ability to maintain its market share.

Market Sentiment

Deteriorating confidence in Comcast's long-term growth prospects is reflected in its current trading multiples compared to competitors.

Revenue Decline

Forecasts for revenue declines at both Connectivity and Platforms and Content and Experiences have been made, with projected decreases of 0.8% and 0.5%, respectively.

Comcast Business Overview & Revenue Model

Company Description

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services. The Media segment operates NBCUniversal's television and streaming platforms, including national, regional, and international cable networks, the NBC and Telemundo broadcast, and Peacock networks. The Studios segment operates NBCUniversal's film and television studio production and distribution operations. The Theme Parks segment operates Universal theme parks in Orlando, Florida; Hollywood, California; Osaka, Japan; and Beijing, China. The Sky segment offers direct-to-consumer services, such as video, broadband, voice and wireless phone services, and content business operates entertainment networks, the Sky News broadcast network, and Sky Sports networks. The company also owns the Philadelphia Flyers, as well as the Wells Fargo Center arena in Philadelphia, Pennsylvania; and provides streaming service, such as Peacock. Comcast Corporation was founded in 1963 and is headquartered in Philadelphia, Pennsylvania.

How the Company Makes Money

Comcast makes money through a diverse range of revenue streams. The Cable Communications segment generates revenue by providing broadband, video, voice, and wireless services to residential and business customers, with broadband being a significant growth driver. The Media segment, which includes NBCUniversal, earns revenue from advertising, distribution of content, and subscription fees for cable networks and streaming services. The Studios segment contributes through the production and distribution of films and television content. The Theme Parks segment generates income from admissions, food, and merchandise sales at its theme park locations. Additionally, the Sky segment in Europe provides revenue through direct-to-consumer services, content, and advertising sales. Strategic partnerships, such as content sharing agreements and technology collaborations, further bolster Comcast's revenue generation capabilities.

Comcast Financial Statement Overview

Summary

Comcast shows consistent revenue growth and solid profitability, with strong cash flow generation and a stable balance sheet. However, a slight slowdown in revenue growth and a declining asset base warrant attention.

Income Statement

Comcast shows a strong financial performance with a consistent revenue growth from 2020 to 2024, evident from the TTM revenue increase to $123.731 billion. The gross profit margin is robust, and the net profit margin reflects solid profitability, especially with the TTM net income reaching $16.193 billion. The EBIT and EBITDA margins are strong, indicating efficient operations and cost management. However, the pace of revenue growth has slowed slightly in recent years which could be an area to monitor.

Balance Sheet

The balance sheet indicates a stable financial position with a healthy equity base of $86.038 billion as of TTM. The debt-to-equity ratio is low, showing prudent leverage management, and the equity ratio reflects a solid capitalization structure. However, the decline in total assets over recent years suggests potential divestitures or asset write-downs, which should be assessed further.

Cash Flow

Comcast demonstrates strong cash flow generation with a healthy free cash flow, growing to $13.45 billion in TTM. The operating cash flow remains robust, supporting net income effectively. The cash flow management appears efficient with a favorable free cash flow to net income ratio, ensuring liquidity and operational flexibility. Nonetheless, the capital expenditure remains significant, which may impact future cash reserves if not managed carefully.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
123.73B	121.57B	121.43B	116.39B	103.56B
	Gross Profit
86.70B	84.81B	83.21B	77.94B	70.44B
	EBIT
23.30B	23.31B	22.08B	20.82B	17.49B
	EBITDA
29.34B	38.90B	36.45B	34.62B	30.59B
	Net Income Common Stockholders
16.19B	15.39B	5.37B	14.16B	10.53B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
7.32B	6.21B	4.75B	8.71B	11.74B
	Total Assets
266.21B	264.81B	257.27B	275.90B	273.87B
	Total Debt
99.09B	97.09B	99.98B	100.02B	108.93B
	Net Debt
91.77B	90.88B	95.23B	91.31B	97.19B
	Total Liabilities
179.94B	181.34B	175.24B	177.90B	180.85B
	Stockholders Equity
85.56B	82.70B	80.94B	96.09B	90.32B
Cash Flow		Free Cash Flow
15.49B	12.96B	12.65B	17.09B	13.10B
	Operating Cash Flow
27.67B	28.50B	26.41B	29.15B	24.74B
	Investing Cash Flow
-15.67B	-7.16B	-14.14B	-13.45B	-12.05B
	Financing Cash Flow
-10.88B	-19.85B	-16.18B	-18.62B	-6.51B

Comcast Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 33.38
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CMCSA, the sentiment is Negative. The current price of 33.38 is below the 20-day moving average (MA) of 35.86, below the 50-day MA of 35.50, and below the 200-day MA of 38.28, indicating a bearish trend. The MACD of 0.28 indicates Negative momentum. The RSI at 53.61 is Neutral, neither overbought nor oversold. The STOCH value of 50.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CMCSA.

Comcast Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CMCSA	77 Outperform	$126.21B	8.06	19.24%	3.71%	1.78%	11.62%
T	76 Outperform	$191.23B	17.86	10.54%	4.17%	-0.08%	-24.48%
DIS	76 Outperform	$151.00B	27.12	5.54%	1.14%	3.97%	89.53%
CHTR	74 Outperform	$58.37B	9.61	38.11%	―	0.88%	16.44%
VZ	73 Outperform	$181.14B	10.38	18.27%	6.24%	0.61%	50.39%
Sector *	58 Neutral	$25.21B	3.07	-13.86%	4.29%	2.47%	-43.03%
WBD	58 Neutral	$19.81B	―	-28.54%	―	-4.91%	-259.71%

Comcast Corporate Events

Comcast Announces David Novak as SpinCo Chairman

Comcast announced on March 19, 2025, that David Novak will become the non-executive Chairman of the Board of Directors for SpinCo, a planned spin-off of Comcast’s cable channels and digital assets, expected to be completed by the end of 2025. SpinCo will be a leading independent media company with brands such as USA Network, CNBC, and MSNBC, aiming to reach over 65 million U.S. households with a diverse content offering. Novak’s appointment is seen as a strategic move to leverage his extensive experience in brand development and capital markets, positioning SpinCo for growth and value creation.