LBTYA
Liberty Global Ltd.
Next earnings Jul 24, 2026 · consensus $-0.32 EPS, $1.36B rev
$11.30
▼ -2.16%$11.30▲ +14.14%
over 1Y
L $9.75H $13.03
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-2.2%
1W+1.9%
1M-7.5%
3M-7.7%
YTD+3.7%
1Y+14.1%
Hold
Conviction
Horizon
Long (>12mo)
12-mo target
$•••
Street · 20 analysts
Buy
Deep discount to book and shrinking share count, but a $7.1B loss and negative free cash flow keep this a value-trap watch, not a buy.
Price / book ~0.41x ($3.95B mkt cap vs $9.74B equity) · FY2025
Liberty Global is a sum-of-the-parts puzzle, not a clean operating story. Post-Sunrise spin-off (completed Nov 8, 2024), continuing operations are just Telenet (Belgium/Luxembourg) and VM Ireland, plus unconsolidated 50% stakes in the VMO2 (UK) and VodafoneZiggo (Netherlands) JVs and a Liberty Growth portfolio (Televisa Univision, ITV, Formula E, EdgeConneX). That structure is exactly why the headline numbers look alarming: FY2025 revenue of $4.88B (+12.4%) understates the economic footprint, while the -$7.14B net loss and -$20.86 EPS are driven overwhelmingly by non-operating items (equity-method JV losses, impairments, FX) rather than the core — operating income was essentially breakeven at -$23.3M and operating cash flow was still positive at $1.21B. The market is pricing the equity at $3.95B against $9.74B of stated book value (~0.4x P/B) and 0.8x sales, a distressed-looking multiple for a set of cash-generative European cable/mobile assets.
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 29, 2026, 6:30 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $10.3B | $4.02B | $4.12B | $4.34B | $4.88B |
| Gross profit | — | — | — | — | — |
| Operating income | $1.32B | $110M | -$314M | -$60.1M | -$23.3M |
| Net income | $13.4B | $1.47B | -$4.05B | $1.59B | -$7.14B |
| Diluted EPS | $23.59 | $2.96 | -$9.52 | $4.23 | -$20.86 |
| Net margin | 130.2% | 36.7% | -98.4% | 36.6% | -146.3% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$10.3B
EV / EBITDA10.1
EV / Sales2.1
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield-186.8%
FCF yield-3.5%
Quality & risk
ROIC (est.)-0.1%
Free cash flow-$132M
Total debt$8.56B
Net cash-$6.48B
Altman Z-Score0.72 distress
Piotroski F-Score5/8
Capital returns
Buyback yield5.0%
Dividend yield (est.)—
Shareholder yield5.0%
Shares Δ YoY-6.7%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRed flag in recent filings — restated periodic report (2026-03-26). Worth a closer look.
- 8-K Shareholder vote2026-06-25
Annual meeting voting results filed; directors elected, routine proposals passed
- 8-K Reg FD disclosure2026-06-02
Reg FD disclosure (investor/operational update); no financial-statement change
- 8-K Reg FD disclosure2026-06-01
Reg FD disclosure furnished to investors; informational, not binding
- 8-K Reg FD disclosure2026-05-13
Reg FD disclosure furnished; supplemental investor communication
- 8-K New financial obligation2026-05-07
Created new direct debt obligation (item 2.03); adds/refinances leverage
- 8-K Reg FD disclosure2026-05-01
Q1-26 (Telenet/VM Ireland continuing ops); Sunrise spun off, JVs at 50%
- 10-Q Quarterly report2026-05-01
Q1-26 (Telenet/VM Ireland continuing ops); Sunrise spun off, JVs at 50%
- DEF 14A Proxy statement2026-04-29
Annual proxy: board slate, exec pay, auditor ratification put to vote
- 10-K/A Restated periodic report2026-03-26
Amended FY2025 10-K (Part III/proxy detail); no restatement of results
Recent filings
all on EDGAR ↗4Period ending 2026-06-232026-06-25open ↗4Period ending 2026-06-232026-06-25open ↗4Period ending 2026-06-232026-06-25open ↗4Period ending 2026-06-232026-06-25open ↗4Period ending 2026-06-232026-06-25open ↗4Period ending 2026-06-232026-06-25open ↗4Period ending 2026-06-232026-06-25open ↗4Period ending 2026-06-232026-06-25open ↗4Period ending 2026-06-232026-06-25open ↗8-KPeriod ending 2026-06-232026-06-25open ↗4Period ending 2026-06-162026-06-18open ↗144Filing2026-06-16open ↗
Frequently asked
- Is Liberty Global Ltd. (LBTYA) a buy?
- LBTYA currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Deep discount to book and shrinking share count, but a $7.1B loss and negative free cash flow keep this a value-trap watch, not a buy.
- What is Liberty Global Ltd.'s quality score?
- LBTYA scores 52.92054825256046/100 (grade C-) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001570585, latest 10-Q filed 2026-05-01) · EODHD · Proprietary analysis · as of 6/29/2026, 10:30:01 PM.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.