On November 20, 2023, VEON Ltd. announced impressive financial results for the third quarter of FY23. The company reported a significant sales growth of 6.1% year-on-year, reaching $945 million compared to $891 million in the previous year. This growth was mainly driven by the increased revenues generated by 4G and Multiplay users, which saw a remarkable increase of 15.4% year-on-year, amounting to $474 million. Additionally, the service revenue experienced a healthy growth of 6.9%, reaching $913 million.
VEON also demonstrated strong profitability during this period, with an EBITDA of $444 million, marking a notable 17% increase compared to the previous year. The EBITDA margin also expanded by 440 basis points, reaching an impressive 47%.
In terms of financial position, VEON reported a net debt, excluding leases, of $1.3 billion. However, the company maintained a robust cash position, with $2.2 billion in cash and equivalents as of September 30, 2023.
Looking ahead, VEON raised its local currency revenue growth outlook for FY23 from 16% – 19% to 18% – 20%, indicating strong confidence in its future performance. Additionally, the company increased its FY23 EBITDA growth guidance from 10% – 14% to 18% – 20%, further highlighting its positive outlook.
Despite these impressive results, VEON shares experienced a slight decline of 1.86% and were trading at $19.50 on the last check Monday. However, this minor setback does not overshadow the company’s overall strong performance and positive growth trajectory.
Charter Communications, Inc.
CHTR
Strong Buy
Updated on: 30/11/2023
Financial Health
Very Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Buy
Charter Communications Inc. (CHTR) Stock Declines Slightly, but Positive Earnings Growth and Strong Market Capitalization Make it a Promising Investment Opportunity
On November 20, 2023, Charter Communications Inc. (CHTR) experienced a slight decline in its stock performance. The previous day’s closing price was $407.70, and the stock opened at $404.60. Throughout the day, the stock fluctuated within a range of $403.24 to $413.77. The volume of shares traded was 50,651, which is significantly lower than the average volume of 1,173,808 shares over the past three months.
Despite the slight decline in stock price, Charter Communications has shown positive growth in its earnings. The earnings growth for the previous year was +23.53%, and for the current year, it is +5.22%. Looking ahead, the company is expected to continue its growth with a projected earnings growth of +11.92% over the next five years. This positive outlook indicates that Charter Communications is well-positioned for future profitability.
In terms of revenue, Charter Communications experienced a growth rate of +4.53% in the previous year. This growth reflects the company’s ability to generate increased revenue, which contributes to its overall profitability. The company’s market capitalization is $60.3 billion, highlighting its significant presence in the market.
The price-to-earnings (P/E) ratio for Charter Communications is 13.5, indicating that investors are willing to pay $13.5 for every dollar of earnings. This ratio suggests that the stock is reasonably priced compared to its earnings potential. The price-to-sales ratio is 1.03, which is relatively low, indicating that the stock may be undervalued compared to its sales performance. The price-to-book ratio is 6.91, suggesting that the stock may be trading at a premium compared to its book value.
In terms of industry and sector, Charter Communications operates in the consumer services sector, specifically in the cable/satellite TV industry. This industry is known for providing television and internet services to consumers. Charter Communications has its corporate headquarters in Stamford, Connecticut.
Looking ahead, the next reporting date for Charter Communications is February 2, 2024. Analysts are forecasting an earnings per share (EPS) of $9.12 for the upcoming quarter. In the previous year, the company generated an annual revenue of $54.0 billion and a profit of $5.1 billion. The net profit margin for Charter Communications is 9.36%, indicating that the company is able to generate a reasonable profit from its operations.
Overall, while Charter Communications experienced a slight decline in stock performance on November 20, 2023, the company’s positive earnings growth, revenue growth, and strong market capitalization suggest that it remains a promising investment opportunity in the cable/satellite TV industry. Investors should closely monitor the company’s upcoming earnings report and future performance to make informed investment decisions.
Charter Communications Inc (CHTR) Stock Analysis: Analyst Forecasts and Company Performance
On November 20, 2023, Charter Communications Inc (CHTR) stock had a last price of $412.92. According to data from CNN Money, 21 analysts have offered 12-month price forecasts for CHTR, with a median target of $450.00. The high estimate is $708.00, while the low estimate is $300.00. The median estimate represents an increase of 8.98% from the last price.
Currently, there is a consensus among 27 polled investment analysts to hold stock in Charter Communications Inc. This rating has remained steady since November, indicating that there has been no change in the recommendation to hold the stock.
Charter Communications Inc is a telecommunications company that provides cable television, internet, and telephone services. It operates in the United States and serves both residential and commercial customers. The company has been expanding its network and investing in new technologies to meet the growing demand for high-speed internet and streaming services.
Investors should consider the analyst forecasts and the company’s financial performance when making investment decisions. It is important to conduct thorough research and analysis to determine if Charter Communications Inc aligns with their investment goals and risk tolerance.
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