---
title: Comcast (CMCSA) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/cmcsa
ticker: CMCSA
as_of: 2026-10-17
sector: Communication Services
industry: Telecommunications Services
---
# Comcast (CMCSA)

Comcast (CMCSA) closed at $21.90 on Oct 16, 2026, undervalued by 83% vs its model value of $126.23 (from a five-year discounted cash flow).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $21.90 (Oct 16, 2026) |
| Model value (from a five-year discounted cash flow) | $126.23 |
| Price vs model | undervalued by 83% vs model |
| Range of that model | $59.97 – $252.79 |
| Market value | $77.5B |
| P/E (fiscal 2025) | 4.1 |
| Net margin (fiscal 2025) | 16.2% |
| Free cash flow (fiscal 2025) | $21.9B |
| Dividend yield (trailing twelve months) | 6.03% |
| Beta | 0.67 |
| Cost of capital (WACC) | 5.83% |
| Business classification | Dividend Payer (Low/slowing growth (~1% recent), Moderate margins (16% net margin), Strong dividend yield, Highly cyclical earnings, Strong FCF yield (28.2%)) |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Highest dividend yield | #11 | 6.03% | https://sweetvaluelab.com/lists/highest-dividend-yield |
| Highest free cash flow yield | #3 | 28.2% | https://sweetvaluelab.com/lists/highest-free-cash-flow-yield |
| Lowest P/E | #2 | 4.1× | https://sweetvaluelab.com/lists/lowest-pe |
| Near 52-week lows | #41 | +6.0% | https://sweetvaluelab.com/lists/near-52-week-lows |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 6.03% |
| Dividends per share, last 12 months | $1.32 |
| Dividends / free cash flow (fiscal 2025) | 22.4% |
| Raised | 17 years in a row |
| Growth over 5 years | 7.5% a year |
| Latest payment | $0.33, ex-date Oct 7, 2026, paid Oct 28, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Oct 5, 2021 | $0.92 |
| To Oct 4, 2022 | $0.99 |
| To Oct 3, 2023 | $1.07 |
| To Oct 2, 2024 | $1.14 |
| To Oct 1, 2025 | $1.28 |
| Trailing twelve months (to Oct 7, 2026) | $1.32 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | primary | $126.23 | $59.97 | $252.79 |
| DCF · Perpetuity growth · 10y | cross check | $121.37 | $60.65 | $247.46 |
| DCF · EBITDA exit · 5y | cross check | $60.67 | $25.02 | $103.14 |
| DCF · EBITDA exit · 10y | cross check | $68.92 | $35.11 | $115.26 |
| P/E · peers | cross check | $46.92 | $37.32 | $71.21 |
| P/E · own history | cross check | $49.07 | $36.14 | $73.09 |
| PEG | sanity check | $27.67 | $27.67 | $27.67 |
| EV/EBITDA · peers | cross check | $47.47 | $33.18 | $73.74 |
| EV/Revenue · peers | cross check | $41.09 | $22.21 | $58.29 |
| Earnings power value | cross check | $53.70 | $37.78 | $80.67 |
| Dividend discount | cross check | $29.24 | $19.88 | $49.01 |

## Insider activity (SEC Form 4)

No open-market insider buys or sales filed in the past 90 days.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Sep 30, 2026 | Smith Gordon | Director | Grant / award | 1,552 | $0 |
| Sep 30, 2026 | Honickman Jeffrey A | Director | Grant / award | 2,011 | $0 |
| Sep 30, 2026 | BREEN EDWARD D | Director | Grant / award | 920 | $0 |
| Sep 30, 2026 | Brady Louise F. | Director | Grant / award | 1,552 | $0 |
| Sep 30, 2026 | Baltimore Thomas J Jr | Director | Grant / award | 1,552 | $0 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Jul 30, 2026 | S-4 | Merger registration | https://www.sec.gov/Archives/edgar/data/1166691/000119312526326101/d44098ds4.htm |
| Jul 23, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1166691/000162828026049360/cmcsa-20260630.htm |
| Jul 23, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1166691/000162828026049274/cmcsa-20260723.htm |
| Jun 29, 2026 | 8-K | 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1166691/000095010326009591/dp249094_8k.htm |
| Jun 12, 2026 | 8-K | 5.07 Submission of Matters to a Shareholder Vote | https://www.sec.gov/Archives/edgar/data/1166691/000162828026042848/cmcsa-20260610.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Dodge & Cox | 2026-06-30 | 115,903,125 | $2.8B |
| First Eagle | 2026-06-30 | 38,172,985 | $937.1M |
| First Pacific Advisors | 2026-06-30 | 8,676,664 | $213.0M |
| Bill Nygren | 2026-06-30 | 7,173,464 | $176.1M |

15 tracked managers in all.

## About

Comcast Corporation functions as a global media and technology conglomerate. Its diverse operations are segmented across Cable Communications, Media, Studios, Theme Parks, and Sky. The Cable Communications division delivers internet, television, phone, and mobile services to residential and business clients under its Xfinity brand, alongside offering advertising solutions. Its Media segment encompasses NBCUniversal's television and streaming platforms, including its national, regional, and international cable channels, the NBC and Telemundo broadcast networks, and the Peacock streaming service. The Studios segment is responsible for NBCUniversal's film and television production and distribution activities. Through its Theme Parks division, Comcast manages Universal Studios resorts located in Orlando, Florida; Hollywood, California; Osaka, Japan; and Beijing, China. The Sky segment provid…

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Source: https://sweetvaluelab.com/stocks/cmcsa (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.