CHTR Charter Communications
too hard · 59
Owner-earnings value$312.25
Price$102.18
Margin of safety
+205.6%
Quality gate · 59/100
⚠ sub-hurdle returns (median roic 9% < 9%) · over-levered (net debt/EBITDA 4.5x > 4x)
Median ROIC8.6%
Gross margin56.4%
Net debt / EBITDA4.5x
FCF conversion84%
Share count / yr-6.0%
Profitable years4/4
Moat & management
Owner-earnings inputs
| Owner earnings (TTM) | 4.36B |
| Owner-earnings yield | 32.8% |
| Free-cash-flow yield | 32.8% |
| Growth used (normalized) | -14.0% |
| Market-implied growth (reverse DCF) | -20.0% |
| Terminal growth | 3.0% |
| Discount rate (hurdle) | 9.0% |
Projected owner earnings
| Yr | Owner earnings | Growth | PV |
|---|---|---|---|
| 1 | 3.75B | -14.0% | 3.44B |
| 2 | 3.29B | -12.1% | 2.77B |
| 3 | 2.96B | -10.2% | 2.28B |
| 4 | 2.71B | -8.3% | 1.92B |
| 5 | 2.54B | -6.4% | 1.65B |
| 6 | 2.42B | -4.6% | 1.44B |
| 7 | 2.36B | -2.7% | 1.29B |
| 8 | 2.34B | -0.8% | 1.17B |
| 9 | 2.36B | 1.1% | 1.09B |
| 10 | 2.43B | 3.0% | 1.03B |
⚠ maintenance capex ≈ min(capex, D&A), capped at FCF · Price pays for ~-20%/yr owner-earnings growth over 10y (reverse DCF); model credits -14%. Capped at market + 6pts. · Very large discount to value — for a quality name this usually signals a broken thesis or stale data the model underweights; a flag to investigate.