Financials Rogers Communications Inc.

Equities

RCI.B

CA7751092007

Wireless Telecommunications Services

Market Closed - Toronto S.E. 04:00:00 2024-04-26 pm EDT 5-day change 1st Jan Change
51.87 CAD -0.25% Intraday chart for Rogers Communications Inc. -2.15% -16.38%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 33,009 30,171 30,574 32,178 32,895 28,127 - -
Enterprise Value (EV) 1 52,445 48,944 52,704 68,461 74,700 69,757 68,042 65,158
P/E ratio 16.2 x 18.9 x 19.6 x 19.1 x 38.3 x 14.1 x 11.4 x 9.95 x
Yield 3.1% 3.37% 3.32% 3.16% 3.22% 3.86% 3.88% 3.94%
Capitalization / Revenue 2.19 x 2.17 x 2.09 x 2.09 x 1.7 x 1.36 x 1.32 x 1.28 x
EV / Revenue 3.48 x 3.52 x 3.6 x 4.45 x 3.87 x 3.36 x 3.19 x 2.96 x
EV / EBITDA 8.44 x 8.36 x 8.95 x 10.7 x 8.71 x 7.21 x 6.73 x 6.2 x
EV / FCF 23 x 20.7 x 38.4 x 38.6 x 30.9 x 23.5 x 20.8 x 16.8 x
FCF Yield 4.34% 4.83% 2.61% 2.59% 3.23% 4.26% 4.82% 5.96%
Price to Book 3.46 x 3.13 x 2.89 x 3.17 x 3.15 x 2.36 x 2.06 x 1.79 x
Nbr of stocks (in thousands) 510,601 504,925 504,925 504,925 530,021 531,265 - -
Reference price 2 64.48 59.26 60.23 63.37 62.03 51.87 51.87 51.87
Announcement Date 1/22/20 1/28/21 1/27/22 2/2/23 2/1/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 15,073 13,916 14,655 15,396 19,308 20,737 21,332 22,019
EBITDA 1 6,212 5,857 5,887 6,393 8,581 9,669 10,116 10,515
EBIT 1 3,724 3,239 3,302 3,817 4,460 4,783 5,414 5,658
Operating Margin 24.71% 23.28% 22.53% 24.79% 23.1% 23.07% 25.38% 25.7%
Earnings before Tax (EBT) 1 2,755 2,172 2,127 2,289 1,366 2,439 3,204 3,539
Net income 1 2,043 1,592 1,558 1,680 849 1,808 2,372 2,632
Net margin 13.55% 11.44% 10.63% 10.91% 4.4% 8.72% 11.12% 11.95%
EPS 2 3.970 3.130 3.070 3.320 1.620 3.676 4.550 5.214
Free Cash Flow 1 2,278 2,366 1,373 1,773 2,414 2,973 3,278 3,883
FCF margin 15.11% 17% 9.37% 11.52% 12.5% 14.34% 15.37% 17.63%
FCF Conversion (EBITDA) 36.67% 40.4% 23.32% 27.73% 28.13% 30.75% 32.41% 36.93%
FCF Conversion (Net income) 111.5% 148.62% 88.13% 105.54% 284.33% 164.44% 138.23% 147.54%
Dividend per Share 2 2.000 2.000 2.000 2.000 2.000 2.000 2.014 2.042
Announcement Date 1/22/20 1/28/21 1/27/22 2/2/23 2/1/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 3,919 3,619 3,868 3,743 4,166 3,835 5,046 5,092 5,335 4,901 5,151 5,224 5,458 5,119 5,362
EBITDA 1 1,522 1,539 1,592 1,733 1,679 1,651 2,190 2,411 2,329 2,214 2,384 2,547 2,504 2,412 2,473
EBIT 1 864 893 954 1,089 1,031 1,020 1,032 1,251 1,157 1,065 1,141 1,354 1,272 - -
Operating Margin 22.05% 24.68% 24.66% 29.09% 24.75% 26.6% 20.45% 24.57% 21.69% 21.73% 22.15% 25.92% 23.3% - -
Earnings before Tax (EBT) 1 557 545 544 504 696 696 136 12 522 335 586 747.6 699.9 676 737
Net income 1 405 392 409 371 508 511 109 -99 328 256 421.2 562.4 528.1 500 545
Net margin 10.33% 10.83% 10.57% 9.91% 12.19% 13.32% 2.16% -1.94% 6.15% 5.22% 8.18% 10.76% 9.68% 9.77% 10.16%
EPS 2 0.8000 0.7700 0.7600 0.7100 1.000 1.000 0.2000 -0.1900 0.6200 0.4600 0.9468 1.166 1.134 0.9400 1.030
Dividend per Share 2 0.5000 0.5000 0.5000 0.5000 0.5000 0.5000 0.5000 0.5000 0.5000 - 0.5000 0.5000 0.5000 0.5000 0.5000
Announcement Date 1/27/22 4/20/22 7/27/22 11/9/22 2/2/23 4/26/23 7/26/23 11/9/23 2/1/24 4/24/24 - - - - -
1CAD in Million2CAD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 19,436 18,773 22,130 36,283 41,805 41,631 39,915 37,031
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.129 x 3.205 x 3.759 x 5.675 x 4.872 x 4.306 x 3.946 x 3.522 x
Free Cash Flow 1 2,278 2,366 1,373 1,773 2,414 2,973 3,278 3,883
ROE (net income / shareholders' equity) 23.3% 16.8% 17.9% 18.6% 23.4% 22.7% 22% 21.1%
ROA (Net income/ Total Assets) 5.8% 4.2% 4.46% 3.92% 3.85% 3.63% 4.1% 4.64%
Assets 1 35,197 37,936 34,918 42,819 22,043 49,777 57,818 56,775
Book Value Per Share 2 18.60 19.00 20.90 20.00 19.70 22.00 25.20 29.00
Cash Flow per Share 2 8.820 8.540 8.240 8.880 9.850 11.50 12.80 -
Capex 1 2,807 2,312 2,788 3,075 3,934 4,029 3,957 3,902
Capex / Sales 18.62% 16.61% 19.02% 19.97% 20.37% 19.43% 18.55% 17.72%
Announcement Date 1/22/20 1/28/21 1/27/22 2/2/23 2/1/24 - - -
1CAD in Million2CAD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
17
Last Close Price
51.87 CAD
Average target price
72.09 CAD
Spread / Average Target
+38.98%
Consensus
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  4. Financials Rogers Communications Inc.