hey guys wanted to make some quick dd on comcast (cmcsa) because the market is sleeping on this hard right now in 2026. if you look at the real numbers from their recent 10-q filings and financial reports, the valuation is ridiculously distorted and if you invest now at these levels around $24 a share, it will perform at least 280% profit once the market actually re-rates it back to fair value.
let s look at the actual math and financial metrics. right now comcast has a market cap of roughly $85 billion. if you add their net debt of around $95 billion, you get an enterprise value (ev) of about $180 billion. they generated $31.46 billion in revenue for q1 2026 and pulled in $7.9 billion in adjusted ebitda with $3.9 billion in free cash flow, followed by $8.9 billion in adjusted ebitda and $4.6 billion in free cash flow in q2 2026. annualized ebitda is sitting near $35-$36 billion, meaning the ev/ebitda multiple is under 5.2x, which is absurdly cheap for a company generating tens of billions in cash.
the p/e ratio is currently sitting around 7.3 to 7.9x, whereas historical averages for comcast are usually up near 14x to 15x earnings. when you run a simple discounted cash flow (dcf) model assuming a conservative 2% terminal growth rate and a 8.5% wacc on their stable $16-$18 billion annual free cash flow, you get a fair intrinsic value close to $92-$95 per share. comparing that intrinsic dcf target to today's price near $24 gives you that massive upside of at least 280% profit.
sure, theoretically the stock could drop a bit more in the short term due to temporary headwinds like broadband subscriber noise or broader market sentiment, but that drop would be strictly temporary because the underlying cash flow generation is way too strong. they are returning billions back to shareholders through buybacks and dividends every quarter, so the downside is capped while the intrinsic value gap is massive. overall the math from the 10-q filings does not lie and this looks like a huge asymmetric risk reward play.