Comcast Corporation CMCSA

Name: CMCSA Crucible Score
Creator: Kaladin Capital Intelligence

Communication ServicesTelecommunications ServicesNASDAQ📅 Scored April 20, 2026

Price at analysis: $29.63

Crucible Score

74.3

B+

Quality × Value Composite

KQI — Quality

66.8

B-

Fundamental Quality Index

KVI — Value

83.4

A-

Valuation Attractiveness Index

Crucible Verdict — CMCSA

Comcast Corporation (CMCSA) presents a solid value opportunity despite mediocre quality metrics, with the stock trading 21% below fair value at current levels. CMCSA's exceptional earnings consistency (95% beat rate) and performance-driven CEO compensation structure offset concerns around modest growth prospects and competitive pressures in traditional cable. The quality-value disconnect suggests patient investors may be rewarded as the company navigates streaming market challenges.

— Kal, Kaladin Capital Intelligence

◆ KQI Quality Dimensions

Financial Quality

68.5

Growth Profile

51.8

Moat Durability⚠

69.3

Management Effectiveness

70.7

Diversification & Resilience

75.8

Market Position

62.0

Weakest dimension: Growth Profile (51.8)

◆ KVI Value Dimensions

DCF Margin of Safety

71.6

FCF Yield & Cash Returns

87.6

Relative Valuation

95.0

Growth-Adjusted Value

86.5

Historical Valuation

81.6

Macro Context

95.0

◆ DCF Valuation Scenarios

Bear Case

$24.18

Base Case

$35.72

Bull Case

$49.85

Price at Analysis

$29.63

Scenario	Fair Value	Rev CAGR (5yr)	Terminal Margin	WACC
🔴 Bear	$24.18	1.0%	15.5%	8.9%
🟢 Base	$35.72	2.0%	17.5%	8.5%
🟢 Bull	$49.85	3.5%	19.5%	8.1%

Key Assumptions: Revenue growth anchored to historical near-flat trajectory (CAGR ~1.2% over 5 years) with CMCSA facing secular cord-cutting headwinds offset by broadband and theme park growth. Operating margins reflect the 16.7%-19.2% historical range with base case assuming modest improvement from cost discipline. WACC derived from CAPM using 0.79 beta, 4.32% risk-free rate, and 5.5% ERP, yielding ~8.5% base WACC; capex intensity held near historical 10% of revenue given ongoing network investment needs. Net debt of ~$101B significantly impacts equity value per share.

◆ Financial Snapshot

Profitability

Gross Margin60.1%

Operating Margin16.7%

Net Margin16.0%

ROIC6.8%

ROE17.2%

Balance Sheet

Balance SheetCR: 0.88

Cash ConversionFCF/EPS: 1.10x

Capital IntensityCapex/Rev: 9.5%

Altman Z-Score1.51 (Distress)

Piotroski F-Score7/9 (Good)

Growth

Revenue CAGR1.5% CAGR

Earnings CAGR9.0% CAGR

Growth ConsistencyCV: 1.25

Segment Breadth4/7 growing (57%)

Quarterly TrendRev∆, Margin↓↓, Exp↓

Earnings CredibilityConsistent Beater

◆ Analyst Consensus & Leadership

Analyst Price Targets

Avg Target (Last Quarter)$33.08

Analysts Covering (Quarter)10

Avg Target (Last Year)$35.49

Analysts (Year)30

Leadership & Governance

CEOBrian L. Roberts · 24 years

CEO Ownership100.0%

Compensation69% performance-based

Insider ActivitySelling

Capital AllocationROIC 6.8% vs WACC 3.2%

Earnings Beat Rate95% (20/22)

◆ Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments.

CEO

Brian L. Roberts

Employees

182000

Headquarters

Philadelphia, PA, US

IPO Date

March 17, 1980

Exchange

NASDAQ

Website

corporate.comcast.com

◆ Related Companies in Our Universe

Other Communication Services companies scored by the Crucible:

ADBE81.8A-NICE80.7A-DECK79.9A-INTU79.9A-EXEL78.3A-MTCH78.2A-TTD78.0B+

Methodology All Scores Crucible Briefs Performance @KaladinCI

Analysis conducted April 20, 2026 based on most recent SEC filings. Updated quarterly, after new SEC filings.

Point-in-time fundamental analysis. Not investment advice. Scores reflect company quality and valuation at time of analysis and may not reflect current market conditions.