Liberty Broadband Corp Dossier
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SectorCommunication Services IndustryTelecom Services Beta (adjusted)0.80 Intrinsic Value Insufficient data for a value estimateNot enough reliable inputs to publish a fair value for this company yet. Market Price $36.02Price as of 19 Aug 2026 Data confidence Sign in to view data confidence Market Cap $5.2B Enterprise Value $6.9B Shares Outstanding 143.9M diluted Moat Rating None Next Earnings Date30 Jun 2027 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary Liberty Broadband Corp (LBRDK) represents a compelling merger arbitrage opportunity. Under the definitive agreement finalized in May 2026, Charter Communications will acquire Liberty Broadband in an all-stock transaction at an exchange ratio of 0.236 Charter shares per Liberty share. This transaction collapses the historical holding company discount at which Liberty Broadband traded relative to its underlying Charter stake. With the GCI business successfully spun off as GCI Liberty in July 2025, Liberty Broadband is now a clean holding vehicle for Charter equity, offering a direct, discounted path to owning CHTR shares prior to the expected merger close on June 30, 2027. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$42.00 Mean target$42.50 High · most bullish analyst$43.00 Our research · scenarios, merits, risks, and invalidation triggersResearch as of 18 Sep 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $42.0010% Regulatory hurdles or unforeseen legal challenges delay or block the merger, causing the holding company discount to widen again. Additionally, a broader decline in the cable and broadband sector or subscriber losses at Charter could negatively impact Charter's stock price, dragging down Liberty Broadband's absolute valuation. Base CaseCentral scenario $42.5060% Matches the consensus meanThe transaction proceeds along the agreed timeline, closing on or near June 30, 2027. The historical holding company discount fully closes as the exchange date approaches, delivering steady arbitrage returns to investors buying Liberty Broadband at a discount to its implied exchange value. Bull CaseUpside scenario $43.0030% The merger closes ahead of schedule or Charter's stock price experiences a significant upward re-rating, driving up the absolute value of the 0.236 exchange ratio. Synergies from corporate simplification and the elimination of dual-class structures are realized faster than expected. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
Key Investment Risks
Thesis Invalidation Triggers
All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |