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Liberty Global Ltd

LBTYA Communication Services Telecom Services

Liberty Global Ltd’s revenue for fiscal 2025 (year ended December 2025) was $4.9 billion, up 12.4% from fiscal 2024.

Revenue
−7.65%
EPS
+86.8%
Free cash flow
+429.7%
Total debt
−14.8%

Quarter to June 2026, against a year earlier

9.91 0.20 +2.06%
Market cap
$3.2B
P/E
0.0×
Fwd P/E
−6.1×
Dividend yield
—
F-score
5/9
Altman Z
0.72
Beneish M
−4.03
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 3.03
Sold, $m 5.08
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — 2
Sell 1 — — 2 — 1 2 — — — — —
Insider Ownership 50.20%

Capital & Financial Ratios $m

Size
Market Cap 3,220.00
Revenue ttm 4,884.80
Net income ttm (2,999.20)
Free cash flow ttm 423.00
Net debt Q 5,931.70
Valuation
P/E 0.00
Forward P/E (6.11) (negative: loss-making)
Price / sales 0.68
Forward P/S Powerpack
Price / FCF 7.80
Price / book 0.35
Financial health
Current ratio Q 1.28
Debt / equity Q 0.88
Interest coverage Q 0.03
Growth
Revenue growth Q −7.65% (below 0%: shrinking)
Operating income growth Q −89.86% (below 0%: shrinking)
EPS, this year +92.80% (at or above 15%: strong)
EPS, next year A −22.16% (below 0%: weak)
Revenue, next year A +37.91% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +58.61% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.9×, against a ten-year median of 2.6×; over the ten years it ranged from 1.1× in 2020 to 10.1× in 2024.
P/S against its own 10 years 12.53%
10-year low 10-year high
P/B against its own 10 years 42.51%
10-year low 10-year high
EV/Sales against its own 10 years 17.46%
10-year low 10-year high
EV/FCF against its own 10 years 90.44%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 3,401 2,152 2,158 2,419
Receivables 404 450 558 521
Inventory — — — —
Other 639 699 681 558
5,642 3,300 3,396 3,498
2023 2024 2025 Q'26
Payables 408 371 479 443
ST’ Debt 429 899 764 620
Other 213 148 — —
4,333 3,134 3,159 2,742

Compound Annual Growth %

10y 5y 3y
Sales (11.77%) (15.83%) 6.69%
Cash Flow (14.40%) (21.97%) (24.71%)
Earnings 0.00% 0.00% 0.00%
Book Value (0.23%) (5.64%) (23.91%)

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate −0.31 Actual −1.07

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY23 −0.35 −8.23 Miss by 7.88
Q3 FY25 1.45 −0.27 Miss by 1.72
Q4 FY25 −0.46 −8.60 Miss by 8.14
Q2 FY26 −0.31 −1.07 Miss by 0.76

EPS $

Mar Jun Sep Dec Year
’26 0.96 (1.07) — — —
’25 (3.84) (8.09) (0.27) (8.60) (20.86)
’24 1.32 0.71 (3.95) 6.11 4.23
’23 (1.59) (1.13) 1.57 (8.23) (9.52)
’22 1.95 5.47 4.87 (9.27) 2.96
’21 2.37 19.55 0.49 1.15 23.59
’20 1.50 (0.86) (1.73) (1.72) (2.70)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,275 1,172 — — —
’25 1,171 1,269 1,207 1,231 4,879
’24 1,091 1,058 1,070 1,123 4,342
’23 1,868 1,848 1,855 (1,455) 4,116
’22 1,853 1,754 1,746 (1,336) 4,018
’21 3,500 2,989 1,901 1,921 10,311
’20 2,876 2,723 2,845 3,101 11,545
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 108 231 — — —
’25 129 149 302 631 1,211
’24 246 546 450 792 2,033
’23 308 692 327 839 2,166
’22 657 757 541 883 2,838
’21 821 1,124 613 991 3,549
’20 450 1,142 1,100 1,494 4,186
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (290) 561 — — —
’25 (114) (170) (41) 193 (132)
’24 40 361 229 495 1,124
’23 (69) 381 (1) 934 1,244
’22 284 496 1,025 141 1,947
’21 359 744 341 698 2,141
’20 102 840 830 1,121 2,893
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 13,731 11,276 11,958 11,116 11,545 10,311 4,018 4,116 4,342 4,879 4,885 (10.9%) 6,728 8,814 8,704 +21.3%
Gross margin, % 60.50 73.63 58.49 57.63 71.24 70.74 73.46 50.17 49.06 47.74 48.78 (12.8) pt
EBT 243 (2,111) 162 (1,242) (1,801) 14,001 1,178 (3,446) 1,838 (7,172) (2,808) n/m
EBT margin, % 1.77 (18.72) 1.35 (11.17) (15.60) 135.78 29.33 (83.73) 42.34 (147.02) (57.48) (148.8) pt
Net income 1,767 (2,721) 850 11,638 (1,467) 13,610 1,986 (3,874) 1,646 (7,097) (2,999) n/m
Per share, $
Per share, $ Revenue 15.43 13.30 15.36 15.75 19.18 18.56 8.21 9.67 11.84 14.25 14.37 (0.9%)
Earnings 2.18 (2.29) 0.93 16.32 (2.70) 24.16 3.01 (9.52) 4.33 (20.86) (8.93) n/m
Cash flow 6.68 6.73 7.66 6.50 6.95 6.39 5.80 5.09 5.54 3.54 3.74 (6.8%)
Capex (1.73) (1.47) (1.87) (1.66) (2.15) (2.53) (1.82) (2.17) (2.48) (3.92) (2.49) +9.5%
Free cash flow 4.95 5.26 5.79 4.84 4.81 3.85 3.98 2.92 3.07 (0.39) 1.24 n/m
Book value 16.56 7.54 5.33 18.70 22.09 46.06 46.11 44.65 34.21 29.06 27.83 +6.4%
Shares, m 890 848 779 706 602 556 490 426 367 342 339 (10.1%)
Valuation, ×
Valuation, × P/E 8.10 0.00 12.03 0.76 0.00 0.61 3.43 0.00 2.87 0.00 0.00 2.8
P/S 1.05 1.44 0.74 0.77 0.67 0.79 1.28 0.98 1.08 0.78 0.68 1.0
P/B 0.98 2.55 2.12 0.64 0.58 0.32 0.23 0.21 0.37 0.38 0.35 0.8
EV/Sales 3.71 4.19 3.11 2.57 1.71 1.92 3.62 2.41 2.68 2.12 1.89 2.8
EV/FCF 11.56 10.60 8.23 8.35 6.83 9.25 7.48 7.97 10.34 (78.23) 21.83 0.2
Cash, $m
Cash, $m Operating cash flow 5,941 5,708 5,963 4,585 4,186 3,549 2,838 2,166 2,033 1,211 1,271 (16.2%)
Capex (1,540) (1,250) (1,453) (1,168) (1,293) (1,408) (891) (922) (908) (1,343) (848) (1.5%)
Free cash flow 4,401 4,458 4,510 3,417 2,893 2,141 1,947 1,244 1,124 (132) 423 n/m
Balance, $m
Balance, $m Working capital (2,671) (5,634) (6,165) 1,922 1,291 1,856 2,376 1,309 166 237 756 n/m
Net debt 36,434 30,972 28,325 20,040 12,020 11,645 9,415 5,868 6,949 6,437 5,932 (17.5%)
Shareholders’ equity 14,732 6,393 4,148 13,199 13,298 25,598 22,573 19,007 12,544 9,946 9,462 (4.3%)
Returns, %
Returns, % ROA 2.50 (4.40) 1.31 22.55 (3.01) 25.33 3.28 (9.54) 4.70 (29.72) (12.46) (32.2) pt
ROIC 1.92 1.33 1.61 1.24 5.01 2.22 0.21 (0.79) (0.19) (0.09) (0.35) (2.0) pt
ROE 13.69 (26.30) 13.76 132.84 (12.29) 69.04 6.12 (19.49) 10.07 (63.48) (26.78) (77.2) pt
People
People Employees 41,000 26,700 26,600 20,200 23,000 11,200 10,100 9,860 6,820 6,636 — (18.3%)
Revenue/emp, $m 0.33 0.42 0.45 0.55 0.50 0.92 0.40 0.42 0.64 0.74 — +9.1%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

Liberty Global Ltd vs peers in Telecom Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
IRDM Iridium Communications Inc $4.5B 27.9× 30.8× +8.28% (above 0%: growing) +180.00% (above 0%: growing) −13.57% (below 0%: shrinking) 70.59% 12.87% Compare
LUMN Lumen Technologies, Inc. $4.1B — (loss-making) — (loss-making) −12.05% (below 0%: shrinking) n/m −123.67% (below 0%: shrinking) 47.26% (6.15%) Compare
TKC Turkcell Iletisim Hizmetleri AS $4.0B 9.4× — +15.43% (above 0%: growing) +8.33% (above 0%: growing) −58.09% (below 0%: shrinking) 25.36% 12.41% Compare
PHI PLDT Inc. $3.9B 8.6× 7.7× −5.84% (below 0%: shrinking) −24.00% (below 0%: shrinking) +78.48% (above 0%: growing) 57.86% 20.01% Compare
TDS Telephone and Data Systems, Inc. $3.5B 10.6× 9.3× +3.60% (above 0%: growing) n/m −133.98% (below 0%: shrinking) 58.19% 120.67% Compare
LBTYK Liberty Global Ltd $3.2B — (loss-making) — −7.65% (below 0%: shrinking) n/m +429.69% (above 0%: growing) 50.62% 0.26% Compare
LBTYA Liberty Global Ltd $3.2B — (loss-making) — (loss-making) −7.65% (below 0%: shrinking) n/m +429.69% (above 0%: growing) 50.62% 0.26%
KYIV Kyivstar Group Ltd. $3.0B 19.3× 9.3× +19.37% (above 0%: growing) −16.71% (below 0%: shrinking) +29.21% (above 0%: growing) 88.79% 37.46% Compare
AD Array Digital Infrastructure Inc. $2.7B 5.1× 5.1× +89.53% (above 0%: growing) +1,021.62% (above 0%: growing) −115.23% (below 0%: shrinking) 56.54% 738.42% Compare
Median of peers $3.7B 10.0× 9.3× +5.94% +8.33% −35.83% 57.20% 16.44%

All 55 Telecom Services stocks →

Pay and ownership Proxy statement filed 29 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 37.72m 22.56m —
2024 45.69m 48.60m —
2023 44.75m 35.22m —
2022 19.00m (22.74m) —
2021 61.99m 70.33m —
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

Liberty Global Ltd (LBTYA) Latest News

4 Nov

Impact 3 · · GuruFocus.com
Impact 3 · · Simply Wall St.

25 Oct

Impact 3 · · Simply Wall St.

15 Oct

Impact 4 · · Simply Wall St.

14 Oct

Impact 4 · · GlobeNewswire
Impact 4 · · GlobeNewswire
Impact 3 · · Zacks

12 Oct

Impact 3 · · Simply Wall St.

9 Oct

Impact 3 · · Simply Wall St.

25 Sep

Impact 4 · · Insider Monkey

23 Sep

Impact 4 · · GlobeNewswire

16 Sep

Impact 3 ·

8 Sep

Impact 3 ·

3 Aug

Impact 4 ·

24 Jul

Impact 3 · transcript
Impact 3 ·

7 Jul

Impact 3 ·

1 Jun

Impact 3 · · GlobeNewswire

12 May

Impact 4 · · The Motley Fool

2 May

Impact 4 · · GuruFocus.com

1 May

Impact 4 · · GlobeNewswire

28 Apr

Impact 3 · · Simply Wall St.

18 Mar

Impact 3 · · GlobeNewswire

24 Feb

Impact 4 · · Simply Wall St.

19 Feb

Impact 4 · · Insider Monkey
Impact 3 · · Zacks

18 Feb

Impact 4 ·
Impact 4 · · euronews.com
Impact 4 · · Business Wire
Impact 4 · · PA Media: Money

LBTYA metrics, ten years each

stockrow.com/LBTYA · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com