Liberty Global Ltd (LBTYB) vs Telephone and Data Systems, Inc. (TDS)

Liberty Global Ltd and Telephone and Data Systems, Inc. are both Telecom Services companies. Liberty Global Ltd is the larger, with a market value of $7.1B against $3.9B — 1.8× the size. Liberty Global Ltd has negative trailing earnings, so its P/E is not meaningful; Telephone and Data Systems, Inc. trades at 11.7×. Telephone and Data Systems, Inc. grew revenue faster over the last twelve months: 304.9% against 5.43%. Telephone and Data Systems, Inc. has the higher net margin (27.7% vs −62.1%) and the higher return on invested capital (7.49% vs −0.35%). Across the 19 metrics below, Telephone and Data Systems, Inc. leads on 14 and Liberty Global Ltd on 5.

Valuation

Metric LBTYB TDS Telecom Services median
P/E n/m 11.72 13.27
P/S 0.86 3.26 0.95
P/B 0.45 0.95 1.47
Price to free cash flow 9.97 n/m 8.72
EV/EBITDA 9.90 3.15 6.85
EV/Sales 2.08 2.06 1.87
Earnings yield (71.96%) 8.54% 1.66%
Free cash flow yield 10.03% (11.07%) 5.53%

Profitability

Metric LBTYB TDS Telecom Services median
Gross margin 48.78% 59.35% 51.26%
Operating margin (1.78%) 37.03% 7.62%
Net margin (62.14%) 27.70% 4.22%
Free cash flow margin 8.66% (35.96%) 4.73%
Return on equity (26.78%) 7.68% 5.80%
Return on assets (12.46%) 3.18% 0.00%
Return on invested capital (0.35%) 7.49% 3.41%

Growth

Metric LBTYB TDS Telecom Services median
Revenue growth (TTM) 5.43% 304.86% 3.31%
EPS growth (last fiscal year) (593.14%) 23.53% —
Revenue growth, 5-year CAGR (15.83%) (25.14%) 1.50%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric LBTYB TDS Telecom Services median
Debt to equity 0.88 0.13 0.63
Current ratio 1.28 3.82 1.13
Net debt to EBITDA 6.04 0.25 1.86

Dividend

Metric LBTYB TDS Telecom Services median
Dividend yield — 3.99% 4.06%
Payout ratio 0.00 1.74 0.00

Size

Metric LBTYB TDS Telecom Services median
Market cap 7.08b 3.91b 3.06b

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