Liberty Latin America Reports Record Earnings for FY2023 Q2
August 12, 2023
☀️Earnings Overview
On August 8 2023, LIBERTY LATIN AMERICA ($NASDAQ:LILA) reported its earnings results for the second quarter of fiscal year 2023, ending June 30 2023. Total revenue for the quarter was USD 1122.7 million, a 7.8% decrease year over year, while net income rose 108.1%, to USD 38.2 million.
Share Price
On Tuesday, LIBERTY LATIN AMERICA reported record earnings for its second quarter of fiscal year 2023. The company’s stock opened at $8.1 and closed at $8.4, up by 2.1% from the previous closing price of 8.2. Looking ahead, LIBERTY LATIN AMERICA is confident that its continued focus on customer satisfaction and expanding its product offering will continue to lead to strong growth in earnings and stock prices. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for LILA. More…
| Total Revenues | Net Income | Net Margin |
| 4.61k | 207.3 | 1.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for LILA. More…
| Operations | Investing | Financing |
| 809.7 | -1.07k | -193 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for LILA. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 13.41k | 11.02k | 8.75 |
Key Ratios Snapshot
Some of the financial key ratios for LILA are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.4% | 4.4% | 17.9% |
| FCF Margin | ROE | ROA |
| 4.2% | 27.7% | 3.9% |
Analysis
At GoodWhale, we’ve conducted an extensive analysis of LIBERTY LATIN AMERICA’s wellbeing. Our Risk Rating – which takes into account both financial and business aspects – puts LIBERTY LATIN AMERICA in the medium risk category. We’ve identified two risk warnings in LIBERTY LATIN AMERICA’s income sheet and balance sheet. Those interested in learning more can visit goodwhale.com to view our findings in greater detail. We believe that understanding and being aware of these risks can help investors make informed decisions about their investments. More…
Peers
In the telecom industry, Liberty Latin America Ltd competes with Zegona Communications PLC, Cogeco Communications Inc, and Asia Pacific Telecom Co Ltd. The company offers fixed-line voice and broadband services, pay TV, mobile services, and enterprise solutions. Zegona Communications PLC is a UK-based holding company that invests in and operates fixed-line, broadband, and mobile telecommunications businesses. Cogeco Communications Inc is a Canadian telecommunications company that offers residential and business customers a range of communications services, including high-speed Internet, video, and telephony. Asia Pacific Telecom Co Ltd is a Taiwan-based company that provides mobile telecommunications services.
– Zegona Communications PLC ($LSE:ZEG)
Zegona Communications PLC is a holding company that engages in the management and operation of its subsidiaries. The company operates through four segments: France, Spain, Portugal, and Other. It provides a range of communications services, including fixed line, mobile, broadband, and television. The company also offers converged communications, data, and IT solutions; and international carrier services. Zegona Communications PLC was founded in 1881 and is headquartered in London, the United Kingdom.
– Cogeco Communications Inc ($TSX:CCA)
Cogeco Communications Inc. is a Canadian telecommunications and media company. The company provides residential and business telephone, Internet and television services through its subsidiaries, Cogeco Connexion and Atlantic Broadband, in Canada and the United States. Cogeco Communications Inc. has a market capitalization of $3.24 billion as of 2022 and a return on equity of 17.02%. The company’s main line of business is providing telecommunications and media services, which it does through its subsidiaries Cogeco Connexion and Atlantic Broadband. Cogeco Communications Inc. is headquartered in Montreal, Quebec, Canada.
– Asia Pacific Telecom Co Ltd ($TWSE:3682)
Asia Pacific Telecom Co Ltd is a Taiwanese telecommunications company with a market cap of 26.22B as of 2022. The company has a Return on Equity of -10.85%. Asia Pacific Telecom Co Ltd is a provider of mobile telecommunications services in Taiwan. The company offers a wide range of mobile telecommunications services, including voice, data, and value-added services.
Summary
Liberty Latin America’s earnings results for the second quarter of FY2023 show a 7.8% year-over-year decrease in total revenue and a 108.1% year-over-year increase in net income. This marks an encouraging sign for investors, as the company appears to be managing its expenses despite the lower revenue. Furthermore, the increase in net income indicates a positive change in profitability. As such, investors may wish to consider Liberty Latin America as a potential investment opportunity.
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