Comcast
Comcast Corporation operates as a media and technology company worldwide. The company operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. Its Residential Connectivity & Platforms segment provides residential broadband and …
Comcast Corporation operates as a media and technology company worldwide. The company operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. Its Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising. The Business Services Connectivity segment offers connectivity services for small business locations, which include broadband, wireline voice, and wireless services; and ethernet network services for medium-sized customers and larger enterprises. Its Media segment operates NBCUniversal's national and regional cable networks; the NBC and Telemundo broadcast networks and owned local broadcast television stations; and Peacock, a direct-to-consumer streaming services. The company also operates international television networks comprising the Sky Sports networks, as well as other digital properties. Its Studios segment operates NBCUniversal and Sky 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. It also offers a consolidated streaming platforms under the Philadelphia Flyers and the Xfinity Mobile Arena in Philadelphia, Pennsylvania; and Xumo. Comcast Corporation was founded in 1963 and is headquartered in Philadelphia, Pennsylvania.Looks undervalued
Why: Free cash flow is positive and in line with earnings, and the dividend is small, so a cash-flow DCF fits best.
Details and the full model are below.
Market price below modeled range
Showing the EPS-based Gordon proxy you selected on the company card, using 2% growth, 2.9% terminal growth and 10.4% discount. The range varies these assumptions slightly; it is illustrative, not investment advice.
Assumptions: growth 2%, discount rate 10.40%, terminal growth 2.90% (sector defaults). See a worked example.
Blended growth assumption: 2.0% (sector default 7.0%, own revenue history 1.5%, analyst revenue consensus -2.8%).
5-year outlook: relative outlook of about 12.9% a year (High confidence), anchored to a 7% market return and adjusted for how this company ranks against others. A ranking aid, not a prediction. See the full forecast.
Analyst consensus expects revenue growth of -2.8% a year; the growth assumption used is 2.0%.
Adjust assumptions
Show the recommended model instead
Why this model: Free cash flow is positive and in line with earnings, and the dividend is small, so a cash-flow DCF fits best.
Compare models- Recommended: Free-cash-flow DCF — USD 40.94 (+64.1%)
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EPS-based Gordon proxy
— USD 38.58 (+54.6%)
Not used: Treats all earnings as if paid out and ignores the cash kept for reinvestment, so it overstates value for companies that retain most profit.
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DCF (trailing free cash flow)
— USD 40.94 (+64.1%)
Not used: Not chosen: Free-cash-flow DCF ranks ahead of it for this company.
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FCFF (steady state)
— USD 43.41 (+74.0%)
Not used: Assumes only the long-run terminal growth rate from today, so it ignores the near-term growth expected.
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EV/EBITDA (12x)
— USD 90.88 (+264.2%)
Not used: Used only when free cash flow is far below earnings even after averaging three years; a fixed 12x multiple also ignores sector differences.
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Fade DCF (10-year growth fade)
— USD 41.04 (+64.5%)
Not used: An alternative growth path (fading over 10 years) shown for comparison; the automatic choice does not use it.
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EV/Sales (Rule of 40)
— USD 180.21 (+622.3%)
Not used: Used only when cash-flow models land far below the price; here they do not.
| Bear USD 30.85 | 19.1% |
| Base USD 38.58 | 35.3% |
| Bull USD 50.29 | 50.4% |
Margin = (value − price) / value, so it is measured against the value and reads lower than the upside to value, which is measured against the price. Positive means the price is below that case.
Track record: see the methodology page for how this model has performed historically, including its limits. Treat it as a screen, not a forecast.
Price history and fair value
5 years price change: -37.56% · USD 24.95 · Market data through 05 Nov 2026 ; dashed line is today’s model base value (USD 38.58). The fair value is today’s estimate, not what the model said in the past.
Saved price history is current through 05 Nov 2026; last refreshed 06 Nov 2026 08:12 (4 hours, 33 minutes ago).
03 Jan 2022Range USD 20.66 – 40.5905 Nov 2026
More detail: quality, peers, price history, dividends and financials
Quality score: 82 / 100
Five equal checks on reported history: profitability, cash generation, revenue growth, balance sheet and margins. It describes business quality, not whether the price is attractive.
| Profitability | 5 of 5 years profitable | 20 / 20 |
| Cash generation | free cash flow positive in 5 of 5 years | 20 / 20 |
| Growth | revenue +0.3% a year | 12 / 20 |
| Balance sheet | net debt 2.4x EBITDA | 10 / 20 |
| Margins | EBITDA margin 27% | 20 / 20 |
Peers in Communication Services
Same-sector companies with a valuation, most undervalued first. Compare the margin of safety, yield and quality score side by side.
| Company | Price | Margin of safety | P/E | P/B | Yield | Quality |
|---|---|---|---|---|---|---|
| CMCSA (this company) | USD 24.95 | 39.1% | 7.9 | 1.0 | 5.4% | 82 |
| VOD.L Vodafone Group Public Limited Company | GBP 1.17 | 56.7% | – | 0.7 | 3.2% | 66 |
| DTE.DE Deutsche Telekom AG | EUR 25.87 | 49.7% | 14.4 | 2.1 | 5.5% | 82 |
| PUB.PA Publicis Groupe S.A. | EUR 102.60 | 42.0% | 15.7 | 2.5 | 3.5% | 90 |
| TEF.MC Telefonica, S.A. | EUR 3.36 | 33.8% | – | – | 8.9% | 59 |
| INF.L Informa plc | GBP 8.40 | 23.0% | – | 1.9 | 2.4% | 66 |
| SONY Sony Group Corporation | USD 27.54 | 19.5% | – | – | – | 82 |
| EMBRAC-B.ST Embracer Group AB | SEK 95.44 | 18.5% | – | 1.0 | – | 56 |
| GOOG Alphabet Inc. (Class C) | USD 281.74 | 11.7% | 14.8 | 5.1 | 0.3% | 100 |
| Peer median | 14.8 | 2.0 | ||||
Dividends
Paid in the last 12 months: USD 1.32 per share · yield 5.29% at the current price.
| Year | Dividends per share |
|---|---|
| 2026 (so far) | 1.320 |
| 2025 | 1.218 |
| 2024 | 1.143 |
| 2023 | 1.068 |
| 2022 | 0.993 |
| 2021 | 0.918 |
Trailing 12-month financials
TTM through 30 Sep 2026 · quarterly EODHD data · data downloaded 05 Nov 2026 18:02
| Revenue | USD 123,005,000,000 |
|---|---|
| EBITDA | USD 33,623,000,000 |
| EBIT | USD 18,184,000,000 |
| Net income | USD 11,316,000,000 |
| Free cash flow | USD 17,085,000,000 |
| Capital expenditures | USD 14,643,000,000 |
| Debt | USD 87,366,000,000 |
| Cash | USD 7,596,000,000 |
| Working capital | USD -5,496,000,000 |
| Shares outstanding | 3,562,000,000 |
| Reported dividends per share | USD 1.3518 |