Liberty Global C (LBTYK)
NASDAQ:LBTYK
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Liberty Global C
(NASDAQ:LBTYK)
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Rating:55Neutral
Price Target:
$12.00
▲(6.10% Upside)
Action:Reiterated
Date:05/04/26
The score is held back primarily by weak and volatile profitability and only middling balance-sheet flexibility, despite still-positive TTM cash generation. Earnings-call commentary improves the outlook with reconfirmed guidance, cost cuts, and a defined value-unlock strategy, while technicals are neutral-to-soft and valuation appears inexpensive based on the very low P/E.
Positive Factors
Scale & cash-generative core
The group's large aggregated telecom scale (~$22B revenue, ~$8B EBITDA) underpins a durable, subscription-based cash engine. Network scale spreads fixed costs, supports sustained operating cash flows and funds ongoing capex and strategic investments without relying solely on volatile one-offs.
Negative Factors
Meaningful leverage
Debt roughly equal to equity leaves leverage elevated despite reductions, constraining financial flexibility. High leverage increases interest exposure and limits the company's ability to fund capex or absorb revenue volatility without asset sales or sustained cash generation to reach targeted deleveraging milestones.
Read all positive and negative factors
Positive Factors
Negative Factors
Scale & cash-generative core
The group's large aggregated telecom scale (~$22B revenue, ~$8B EBITDA) underpins a durable, subscription-based cash engine. Network scale spreads fixed costs, supports sustained operating cash flows and funds ongoing capex and strategic investments without relying solely on volatile one-offs.
Read all positive factors
Liberty Global C (LBTYK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.93B
Dividend YieldN/A
Average Volume (3M)971.04K
Price to Earnings (P/E)―
Beta (1Y)0.45
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees6,820
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)-19.20
Shares Outstanding149,668,440
10 Day Avg. Volume1,005,224
30 Day Avg. Volume971,038
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.41
Price to Sales (P/S)0.82
P/FCF Ratio-32.60
Enterprise Value/Market Cap2.94
Enterprise Value/Revenue1.87
Enterprise Value/Gross Profit2.84
Enterprise Value/Ebitda-2.44
Forecast
1Y Price Target
$18.00Price Target Upside59.15% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-1.6
Revenue Forecast (FY)$5.04B
Liberty Global C Business Overview & Revenue Model
Company Description
Liberty Global plc delivers a comprehensive suite of telecommunication services, including high-speed internet, television, landline telephony, and mobile communication, catering to both individual consumers and corporate clients. Its advanced bro...
How the Company Makes Money
Liberty Global primarily makes money by selling subscription-based connectivity and entertainment services and related offerings. The largest recurring revenue stream is typically monthly service fees from residential customers for fixed broadband...
Liberty Global C Earnings Call Summary
Earnings Call Date:May 01, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 24, 2026
Earnings Call Sentiment Positive
The call presented a cautiously optimistic tone: management highlighted clear operational improvements (four consecutive quarters of broadband recovery across key markets), material corporate cost reductions (~75% since 2024), confirmed 2026 guidance, a stable growth-portfolio valuation ($3.4bn), and a defined path to unlock value via the Ziggo Group spin-off and asset sales. Offsetting these positives were near-term revenue declines and margin pressures at several operating companies, elevated CapEx for fiber rollouts impacting distributable free cash flow, transitional wholesale/pricing effects (Wyre) and regulatory/execution risks tied to material transactions. On balance, the strategic roadmap and cash/cost discipline weigh positively, while several execution and top-line pressures temper the outlook.Positive Updates
Broadband Improvement Across Core Markets
Fourth straight quarter of broadband improvement across Liberty Global's three core markets; VodafoneZiggo reported its best quarterly broadband net adds in 3 years and VMO2 reduced quarterly broadband losses to 6,000 (versus 43,000 a year ago). This operational momentum was attributed to pricing, marketing, product expansion and network upgrades (DOCSIS/FTTH trials).
Negative Updates
Revenue Declines at VodafoneZiggo
VodafoneZiggo reported a Q1 revenue decline of 1.8% and adjusted EBITDA decline of 6.4%, driven by a lower customer base, ongoing repricing impacts, higher marketing costs and incremental investments in network resilience and service reliability.
Read all updates
Q1-2026 Updates
Positive
Negative
Broadband Improvement Across Core Markets
Fourth straight quarter of broadband improvement across Liberty Global's three core markets; VodafoneZiggo reported its best quarterly broadband net adds in 3 years and VMO2 reduced quarterly broadband losses to 6,000 (versus 43,000 a year ago). This operational momentum was attributed to pricing, marketing, product expansion and network upgrades (DOCSIS/FTTH trials).
Read all positive updates
Company Guidance
Management reconfirmed 2026 guidance for VMO2, VodafoneZiggo and Telenet and reiterated targets to end 2026 with roughly $1.5bn of corporate cash after funding the €1.2bn Vodafone stake and executing ~€700m of growth-portfolio asset sales (≈$300m realized through April), noting quarter‑end consolidated cash of $1.9bn and a Liberty Growth portfolio valued at $3.4bn; they highlighted a 75% reduction in net corporate costs to ~ $50m (corporate adj. EBITDA -$2m in Q1; on track to -$50m FY), Telenet Q1 free cash flow €10m (guidance ≥€20m FY), VodafoneZiggo Q1 revenue -1.8% and adj. EBITDA -6.4% (fixed ARPU ~€57, mobile ARPU ~€18), VMO2 total service revenue -3% and adj. EBITDA -3.4% (fixed ARPU £46.50, mobile ARPU ~£17) with broadband losses improving to -6k (vs -43k a year ago), Wyre revenue -1% (adj. EBITDA -4.6%), and the proposed Ziggo Group aiming for ~€120m FCF in 2026 rising to ~€500m FCF in 2028 with ~4.5x leverage, €1.2–€1.4bn of local asset sales and roughly €1bn of synergies.Liberty Global C Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
44
Neutral
Cash Flow
56
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.15B | 4.88B | 4.34B | 4.12B | 4.02B | 10.31B |
| Gross Profit | 4.06B | 3.21B | 2.89B | 2.83B | 2.95B | 7.29B |
| EBITDA | -4.72B | -5.64B | 3.42B | -1.72B | 2.57B | 17.24B |
| Net Income | -6.80B | -7.14B | 1.59B | -4.05B | 1.47B | 13.43B |
Balance Sheet | ||||||
| Total Assets | 21.88B | 22.60B | 25.44B | 42.09B | 42.90B | 46.92B |
| Cash, Cash Equivalents and Short-Term Investments | 1.87B | 2.16B | 2.15B | 3.40B | 4.35B | 3.18B |
| Total Debt | 9.25B | 10.16B | 9.85B | 10.23B | 15.55B | 16.19B |
| Total Liabilities | 12.14B | 12.65B | 12.90B | 23.08B | 20.32B | 21.32B |
| Stockholders Equity | 9.50B | 9.74B | 12.37B | 19.06B | 22.44B | 25.93B |
Cash Flow | ||||||
| Free Cash Flow | 492.50M | -123.00M | 1.12B | 1.24B | 1.95B | 2.14B |
| Operating Cash Flow | 1.33B | 1.22B | 2.03B | 2.17B | 2.84B | 3.55B |
| Investing Cash Flow | -1.11B | -883.90M | 684.70M | -1.84B | 1.28B | -5.80B |
| Financing Cash Flow | -340.10M | -226.10M | -2.25B | -692.40M | -3.28B | -1.55B |
Liberty Global C Technical Analysis
Negative
11.31
Price Trends
11.71
Negative
11.65
Negative
11.47
Negative
Market Momentum
-0.09
Positive
42.94
Neutral
22.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LBTYK, the sentiment is Negative. The current price of 11.31 is below the 20-day moving average (MA) of 11.60, below the 50-day MA of 11.71, and below the 200-day MA of 11.47, indicating a bearish trend. The MACD of -0.09 indicates Positive momentum. The RSI at 42.94 is Neutral, neither overbought nor oversold. The STOCH value of 22.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LBTYK.
Liberty Global C Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $6.40B | 24.26 | 5.46% | 0.40% | 61.86% | -115.00% | |
64 Neutral | $4.00B | 7.89 | 24.22% | 7.78% | 0.82% | -9.44% | |
63 Neutral | $3.41B | 6.44 | 38.73% | ― | 12.63% | 19.58% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
60 Neutral | $8.73B | -4.87 | -79.42% | ― | -6.78% | -452.12% | |
57 Neutral | $4.18B | 34.14 | 2.69% | 0.39% | -56.04% | ― | |
55 Neutral | $3.93B | -0.69 | -48.58% | ― | ― | ― |
* Communication Services Sector Average
LBTYK
Liberty Global C
11.31
1.03
10.02%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.