Tearsheet

Liberty Latin America (LILA)

Market Price (12/4/2025): $8.685 | Market Cap: $1.7 Bil
Sector: Communication Services | Industry: Integrated Telecommunication Services

Liberty Latin America (LILA)

Market Price (12/4/2025): $8.685
Market Cap: $1.7 Bil
Sector: Communication Services
Industry: Integrated Telecommunication Services

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 17%	Trading close to highs Dist 52W High is -0.6%	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 469%
1	Attractive yield FCF Yield is 13%	Weak multi-year price returns 2Y Excs Rtn is -26%, 3Y Excs Rtn is -58%	Weak revenue growth Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.4%
2	Low stock price volatility Vol 12M is 43%		Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -48%
3	Megatrend and thematic drivers Megatrends include 5G & Advanced Connectivity. Themes include Wireless Services, and Telecom Infrastructure.

0	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 17%
1	Attractive yield FCF Yield is 13%
2	Low stock price volatility Vol 12M is 43%
3	Megatrend and thematic drivers Megatrends include 5G & Advanced Connectivity. Themes include Wireless Services, and Telecom Infrastructure.
4	Trading close to highs Dist 52W High is -0.6%
5	Weak multi-year price returns 2Y Excs Rtn is -26%, 3Y Excs Rtn is -58%
6	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 469%
7	Weak revenue growth Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.4%
8	Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -48%

Valuation, Metrics & Events

	12/4/25	2024	2023	2022	2021
Share Price CYE	$8.69	$6.36	$7.31	$7.53	$11.66
Market Cap CYE ($ Bil)	1.7	1.3	1.5	1.6	2.7
Total Debt ($ Bil)	8.4	8.2	8.3	8.0	7.6
Total Cash ($ Bil)	0.6	0.7	1.0	0.8	1.0
Enterprise Value ($ Bil)	9.5	9.5	9.8	9.6	10.3
Valuation Ratios
P/S TTM	0.4	0.3	0.3	0.3	0.6
P/EBIT TTM	-80.6	-341.0	2.9	3.9	12.9
P/E TTM	-2.3	-1.9	-20.9	-9.8	-6.2
Sector Ratios
P/S TTM (Sector)	1.1	1.1	1.1	1.2	2.0
P/EBIT TTM (Sector)	1.3	1.9	0.3	1.1	4.6
P/E TTM (Sector)	-0.9	-0.9	-0.6	-0.4	5.8

	12/4/25	2024	2023
Share Price CYE	$8.69	$6.36	$7.31
Market Cap CYE ($ Bil)	1.7	1.3	1.5
Total Debt ($ Bil)	8.4	8.2	8.3
Total Cash ($ Bil)	0.6	0.7	1.0
Enterprise Value ($ Bil)	9.5	9.5	9.8
Valuation Ratios
P/S TTM	0.4	0.3	0.3
P/EBIT TTM	-80.6	-341.0	2.9
P/E TTM	-2.3	-1.9	-20.9
Sector Ratios
P/S TTM (Sector)	1.1	1.1	1.1
P/EBIT TTM (Sector)	1.3	1.9	0.3
P/E TTM (Sector)	-0.9	-0.9	-0.6

	LILA	S&P 500
REVENUE GROWTH	VERY POOR
Rev LTM ($ Bil)	4.4
Rev Chg Q	2.1%	7.1%
Rev Chg LTM	-0.8%	6.1%
Rev Chg 3Y Avg	-3.4%	5.5%
PROFITABILITY	POOR
Op Inc LTM ($ Bil)	0.7
CFO LTM ($ Bil)	0.7
Net Inc LTM ($ Bil)	-0.7
Op Mgn LTM	15.5%	18.8%
CFO/Rev LTM	16.8%	20.5%
Net Inc Mgn	-16.6%	13.1%
VALUATION	VERY LOW
P/S	0.4	3.2
P/CFO	2.2	15.8
P/FCF	7.5	20.5
P/E	-2.3	23.5
STABILITY	VERY POOR
Debt/Equity	5.04	0.20
Cash/Assets	0.05	0.07

AI Generated Analysis | Feedback

Metric	Value	Date	Source
Homes Passed	4800000	9302025	Link
Revenue Generating Units (RGUs)	4000000	9302025	Link
Mobile Subscribers	6700000	9302025	Link
Quarterly Postpaid Net Additions	102000	9302025	Link
Fixed-Mobile Convergence (FMC) Penetration	>30% across key markets	3312025	Link
Gigabit-ready Footprint	97%	12312024	Link
Mobile ARPU (C&W Credit Silo)	12.2 USD	9302025	Link
Fixed ARPU per Customer Relationship (C&W Credit Silo)	37.6 USD	9302025	Link
Employees	10000	12312024	Link
Sub-sea and terrestrial fiber optic cable network	approximately 50,000 km	9302025	Link

Upcoming
2/18/2026	Earnings Release	Rev: - EPS: -

LILA Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

Liberty Latin America (LILA) experienced a notable 7.7% movement in its stock, specifically a 7.74% increase on November 6, 2025. This surge followed the release of the company's robust third-quarter 2025 financial results the previous day and occurred on the day of its investor call. Key factors contributing to this movement include:

1. Strong Q3 2025 Earnings Beat: Liberty Latin America reported earnings per share (EPS) of $0.02 for the third quarter of 2025, significantly surpassing the consensus analyst estimate of a ($0.06) loss. The company also exceeded revenue expectations, reporting $1.11 billion against analyst estimates of $1.09 billion.

2. Significant Improvement in Profitability: The company demonstrated a substantial turnaround in its financial performance, achieving a positive net profit of $3 million attributable to shareholders in Q3 2025, a considerable improvement compared to a $436 million loss in the same period a year prior.

3. Robust Operational Growth: Liberty Latin America recorded a 2% year-on-year increase in revenues and an 8% year-on-year growth in Adjusted Operating Income Before Depreciation and Amortisation (OIBDA). This growth was primarily driven by strong performance in its mobile business across various markets, particularly Costa Rica, and improved momentum in its business-to-business (B2B) segment.

4. Ongoing Strategic Cost Efficiencies: The company highlighted successful execution on cost reduction initiatives and customer base management, which contributed to the expansion of its rebased Adjusted OIBDA. Management indicated that these cost reduction programs are expected to continue into 2026.

5. Investor Confidence from Q3 Results: The positive financial figures presented in the Q3 2025 earnings report and the subsequent investor call likely boosted investor confidence. This overshadowed concerns raised by the company regarding the anticipated adverse impacts on Q4 2025 and 2026 financial results due to Hurricane Melissa's damage to its Caribbean networks.

Show less

Stock Movement Drivers

Fundamental Drivers

The 10.0% change in LILA stock from 9/3/2025 to 12/3/2025 was primarily driven by a 9.6% change in the company's P/S Multiple.

	9032025	12032025	Change
Stock Price ($)	7.89	8.68	10.01%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	4409.70	4433.00	0.53%
P/S Multiple	0.36	0.39	9.60%
Shares Outstanding (Mil)	199.90	200.20	-0.15%
Cumulative Contribution			10.01%

LTM = Last Twelve Months as of date shown

Market Drivers

9/3/2025 to 12/3/2025

	Return	Correlation
LILA	10.0%
Market (SPY)	6.2%	18.9%
Sector (XLC)	1.8%	21.2%

Fundamental Drivers

The 70.2% change in LILA stock from 6/4/2025 to 12/3/2025 was primarily driven by a 72.8% change in the company's P/S Multiple.

	6042025	12032025	Change
Stock Price ($)	5.10	8.68	70.20%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	4441.00	4433.00	-0.18%
P/S Multiple	0.23	0.39	72.83%
Shares Outstanding (Mil)	197.50	200.20	-1.37%
Cumulative Contribution			70.16%

LTM = Last Twelve Months as of date shown

Market Drivers

6/4/2025 to 12/3/2025

	Return	Correlation
LILA	70.2%
Market (SPY)	15.1%	26.7%
Sector (XLC)	12.9%	24.7%

Fundamental Drivers

The 24.0% change in LILA stock from 12/3/2024 to 12/3/2025 was primarily driven by a 27.5% change in the company's P/S Multiple.

	12032024	12032025	Change
Stock Price ($)	7.00	8.68	24.00%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	4470.20	4433.00	-0.83%
P/S Multiple	0.31	0.39	27.46%
Shares Outstanding (Mil)	196.40	200.20	-1.93%
Cumulative Contribution			23.95%

LTM = Last Twelve Months as of date shown

Market Drivers

12/3/2024 to 12/3/2025

	Return	Correlation
LILA	24.0%
Market (SPY)	14.3%	33.4%
Sector (XLC)	16.0%	34.4%

Fundamental Drivers

The 12.3% change in LILA stock from 12/4/2022 to 12/3/2025 was primarily driven by a 13.5% change in the company's P/S Multiple.

	12042022	12032025	Change
Stock Price ($)	7.73	8.68	12.29%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	4930.30	4433.00	-10.09%
P/S Multiple	0.35	0.39	13.54%
Shares Outstanding (Mil)	220.20	200.20	9.08%
Cumulative Contribution			11.36%

LTM = Last Twelve Months as of date shown

Market Drivers

12/4/2023 to 12/3/2025

	Return	Correlation
LILA	20.9%
Market (SPY)	53.2%	28.3%
Sector (XLC)	69.5%	28.8%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
LILA Return	-39%	5%	-35%	-3%	-13%	37%	-52%
Peers Return	-11%	-5%	0%	-3%	1%	15%	-5%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	112%
Monthly Win Rates [3]
LILA Win Rate	33%	50%	17%	42%	58%	50%
Peers Win Rate	33%	33%	35%	38%	40%	50%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
LILA Max Drawdown	-58%	-9%	-49%	-15%	-18%	-29%
Peers Max Drawdown	-20%	-9%	-16%	-19%	-15%	-6%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: T, ATNI, ELWT, VTEK, VZ.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

Unique Key	Event	LILA	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-59.5%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	147.2%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-61.2%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	158.0%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	Not Fully Recovered days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-48.3%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	93.6%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	Not Fully Recovered days	120 days

Compare to T, ATNI, ELWT, VTEK, VZ

In The Past

Liberty Latin America's stock fell -59.5% during the 2022 Inflation Shock from a high on 6/1/2021. A -59.5% loss requires a 147.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Liberty Latin America (LILA)

Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. The company operates through C&W Caribbean and Networks, C&W Panama, Liberty Puerto Rico, VTR, and Costa Rica segments. It offers communications and entertainment services, including video, broadband internet, fixed-line telephony, and mobile services to residential and business customers; and business products and services that include enterprise-grade connectivity, data center, hosting, and managed solutions, as well as information technology solutions for small and medium enterprises, international companies, and governmental agencies. The company also operates a sub-sea and terrestrial fiber optic cable network that connects approximately 40 markets. It provides its services in approximately 20 countries in Latin America, the Caribbean, Chile, and Costa Rica under the brands of C&W, VTR, Liberty Puerto Rico, Cabletica, BTC, UTS, Flow, and Móvil. The company was incorporated in 2017 and is based in Hamilton, Bermuda.

AI Generated Analysis | Feedback

Here are 1-3 brief analogies to describe Liberty Latin America (LILA):

It's like the AT&T or Verizon for the Caribbean and parts of Latin America, providing mobile, internet, and TV services.
Imagine Comcast or Charter Communications (major US cable and internet providers) for Latin America and the Caribbean, but they also own and operate their own mobile phone networks.

AI Generated Analysis | Feedback

Mobile Services: Provides postpaid and prepaid mobile voice, text, and high-speed data services to residential and business customers.
Fixed Broadband Internet: Offers high-speed internet access for homes and businesses, primarily via fiber optic and hybrid fiber-coaxial networks.
Video Entertainment (TV): Delivers a variety of digital television programming packages, including linear channels, on-demand content, and premium options.
Fixed-Line Telephony: Provides traditional landline voice services for residential and business use.
Business-to-Business (B2B) Solutions: Offers a suite of connectivity, managed IT, data center, and cloud services tailored for enterprises, small and medium-sized businesses, and government clients.
Wholesale Services: Provides network infrastructure, capacity, and other services to other telecommunications carriers and service providers.

AI Generated Analysis | Feedback

Liberty Latin America (LILA) primarily sells its telecommunications services to individuals and businesses rather than to a few major corporate customers. Its customer base is highly diversified across the regions it serves (Latin America and the Caribbean).

The company serves the following primary categories of customers:

Residential Customers: This category includes individual households and consumers who subscribe to Liberty Latin America's services such as broadband internet, mobile telephony, fixed-line voice services, and video (television) entertainment for personal use.
Business Customers: This category encompasses small, medium, and large enterprises, as well as government and public sector entities. These customers utilize a range of services including fixed and mobile connectivity solutions, managed services, data services, and other enterprise-grade communication solutions for their operational needs.

AI Generated Analysis | Feedback

Nokia (NOK)
Ericsson (ERIC)
Huawei
Cisco (CSCO)
CommScope (COMM)
Sagemcom
Salesforce.com (CRM)
CSG Systems (CSGS)
Amdocs (DOX)
Warner Bros. Discovery (WBD)
Paramount Global (PARA)
The Walt Disney Company (DIS)
Comcast Corporation (CMCSA)

AI Generated Analysis | Feedback

Balan Nair, President & Chief Executive Officer

Balan Nair has served as the President and Chief Executive Officer of Liberty Latin America since December 2017. He is an experienced business executive with over 20 years in the telecommunications industry. Prior to leading Liberty Latin America, he was part of the Liberty family of companies since 2007, joining Liberty Global as its Senior Vice President and Chief Technology Officer. He later served as Executive Vice President and Chief Technology and Innovation Officer at Liberty Global, overseeing worldwide network, technology and innovation operations, product development, IT, network operations, mobile operations, global supply chain, corporate strategy, and venture investments. Before joining Liberty Global, Mr. Nair was Chief Technology Officer and Executive Vice President for AOL LLC from 2006 to 2007, and spent over 12 years at Qwest Communications International Inc., where his most recent roles included Chief Information Officer and Chief Technology Officer. He holds a patent in systems development and is a Licensed Professional Engineer in Colorado. Mr. Nair sits on the boards of Charter Communications and Adtran Corporation.

Christopher Noyes, SVP, Chief Financial Officer

Christopher Noyes has been the Chief Financial Officer and a Senior Vice President of Liberty Latin America since December 2017. In this capacity, he is responsible for the company’s finance and treasury operations, including commercial finance, tax, financial planning, accounting, external reporting matters, investor relations, and strategic oversight for financial performance. Mr. Noyes joined Liberty Global in 2005 as Vice President, Investor Relations and Business Analysis. He was appointed Chief Financial Officer for Liberty Global's Latin America operations in 2014, which subsequently became the LiLAC Group of Liberty Global in 2015. Before his tenure at Liberty Global, Mr. Noyes worked as an investment banker at Credit Suisse First Boston and Donaldson, Lufkin & Jenrette for over five years.

John Winter, SVP, Chief Legal Officer & Secretary

John Winter serves as the Senior Vice President, Chief Legal Officer & Secretary of Liberty Latin America. He has held this position since December 2017.

Aamir Hussain, SVP, Chief Technology and Product Officer

Aamir Hussain was appointed Senior Vice President, Chief Technology and Product Officer of Liberty Latin America in April 2022. In this role, he is responsible for the company's Technology & Innovation (T&I) team, driving technology solutions that include product development, network performance, and ensuring an exceptional customer experience across Liberty Latin America's markets. With over 28 years of experience, Mr. Hussain is a recognized senior digital technology executive who previously held multiple senior roles at Verizon Communications, CenturyLink, and Liberty Global before joining Liberty Latin America.

Eduardo Diaz Corona, SVP, General Manager, Liberty Puerto Rico and USVI

Eduardo Diaz Corona was appointed SVP, General Manager for Liberty Puerto Rico and USVI in January 2024. He brings over 30 years of experience in the telecommunications industry. Most recently, Mr. Diaz Corona served as the President and CEO of TracFone Wireless, which was the largest prepaid wireless provider in the United States prior to its acquisition by Verizon. Before his time at TracFone, he held various leadership positions with America Movil in Mexico and Chile, and with Southwestern Bell in the US.

AI Generated Analysis | Feedback

Increased competition from 5G Fixed Wireless Access (FWA) providers. Mobile operators leveraging their 5G networks to offer high-speed home internet services directly competes with LILA's fixed broadband offerings without the need for extensive fiber deployment, potentially eroding market share in its core broadband markets.
Expansion of Low Earth Orbit (LEO) satellite internet services (e.g., Starlink). The growing availability and competitive pricing of LEO satellite internet provides an alternative high-speed broadband solution, particularly in LILA's geographically diverse markets (including islands and remote areas), posing a direct competitive threat to its fixed broadband customer base.

AI Generated Analysis | Feedback

Liberty Latin America (LILA) offers a range of telecommunications and entertainment services across Latin America and the Caribbean. Their main products and services include mobile services, internet services (broadband), video services, fixed-line telephony, business products and services, and subsea and terrestrial fiber optic networks.

Addressable Market Sizes for Liberty Latin America's Main Products or Services:

Overall Telecommunications Services:
- Latin America: The telecommunications services market in Latin America generated a revenue of approximately USD 80,451.0 million in 2025 and is projected to reach US$ 99,371.9 million by 2030.
Mobile Services:
- Latin America: Mobile technologies and services contributed an estimated USD 550 billion to the Latin American economy in 2024, with a forecast to reach $680 billion by 2030. The mobile market in Latin America and the Caribbean reached 677.5 million accesses by the end of 2024.
- Caribbean: There were 28 million unique mobile subscribers as of Q2 2022.
Internet Services (Broadband):
- Latin America and Spain: The internet services market was valued at USD 26.895 billion in 2023 and is projected to grow to USD 33.402 billion by 2031. Latin America accounted for the largest market share within this combined region. At the end of 2017, there were 77.4 million fixed high-speed internet customers in Latin America and the Caribbean.
Video Services (Pay Television and Streaming):
- Latin America: The video streaming market generated USD 11,491.9 million in 2024 and is projected to reach US$ 37,262.6 million by 2030. The broader media streaming market in Latin America was valued at USD 11.34 billion in 2024 and is projected to reach USD 24.69 billion by 2033. Subscription video-on-demand (SVOD) subscribers in Latin America are projected to reach 165 million by the close of 2029.
Fixed-Line Telephony:
- Latin America and Caribbean: null
Business Products and Services (Enterprise-grade connectivity, data center, hosting, managed solutions, IT solutions):
- Latin America and Caribbean: null
Subsea and Terrestrial Fiber Optic Cable Network (Multimode Dark Fiber):
- Latin America: The multimode dark fiber market is projected to grow from USD 155.24 million in 2024 to an estimated USD 240.32 million by 2032.

AI Generated Analysis | Feedback

Here are 3-5 expected drivers of future revenue growth for Liberty Latin America (LILA) over the next 2-3 years:

Growth in Postpaid Mobile Subscribers and Fixed-Mobile Convergence (FMC): Liberty Latin America has experienced strong commercial momentum, evidenced by significant postpaid net additions, with Q3 2025 marking the highest quarterly mobile postpaid additions in three years. This growth is notably driven by markets like Costa Rica and is supported by strategies focused on Fixed-Mobile Convergence (FMC), including successful prepaid-to-postpaid migrations, which contribute to revenue stability.
Expansion of the Business-to-Business (B2B) Segment and Liberty Networks: The B2B segment is identified as a key catalyst for future revenue momentum. The company has seen improved trends and solid year-over-year revenue growth in Q3 2025 within B2B, particularly in managed services and higher B2B connectivity. Liberty Networks, the company's wholesale and infrastructure arm, has also demonstrated strong rebased growth, fueled by subsea capacity revenue in wholesale and continued growth in enterprise services.
Strategic Price Increases and Average Revenue Per User (ARPU) Expansion: Liberty Latin America has implemented selected price increases across various geographies and products, which have supported revenue performance. Healthy expansion in mobile ARPU and higher broadband and video ARPU, driven by price adjustments and the launch of new plans like the "Liberty Mix" in Puerto Rico, are expected to contribute to future revenue growth.
Network Modernization and Infrastructure Investments (Fiber and 5G): Significant investments in network infrastructure are underway to support future growth. Liberty Latin America is focusing on upgrading its fixed networks to deliver higher speeds, aiming for nearly 100% Gigabit-ready coverage in 2025. Additionally, strategic investments such as the launch of the Maya 12 subsea cable, which doubles regional capacity, and new 5G initiatives following spectrum acquisition in markets like Costa Rica, are expected to enhance service offerings and attract new customers.

AI Generated Analysis | Feedback

Share Repurchases

In May 2024, Liberty Latin America authorized a new share repurchase program of up to $200 million, valid through December 2026.
As of March 31, 2025, $242 million was authorized for share repurchases, with $200 million remaining through December 2026.
The company's weighted average shares outstanding declined by 33 million shares in Q3 2025 compared to Q3 2024, reflecting the impact of its share buyback program.

Share Issuance

No information available.

Inbound Investments

No information available.

Outbound Investments

In 2024, Liberty Latin America announced significant operational combinations and acquisitions, including with Tigo in Costa Rica and DISH in Puerto Rico.
The agreement with Millicom is expected to close during the second half of 2025.
Strategic actions include the planned separation of Liberty Puerto Rico, aimed at optimizing the business structure and reducing financial leverage.

Capital Expenditures

Net capital expenditures for the first half of 2025 were $236.0 million, a decrease from $250.2 million in the same period of 2024, indicating a strategic effort to lower capital intensity.
Liberty Latin America aims for a 14% CapEx-to-revenue ratio in 2025, a reduction from the prior 16%, driven by completed copper-to-fiber upgrades and reduced mobile network expansion needs.
The primary focus of capital expenditures includes upgrading fixed, mobile, and subsea networks to support future demand and enhance service offerings, as well as investing in 5G technology and expanding broadband access. Project Manta, a new subsea cable system, is also a focus, on track for completion in 2027.

Better Bets than Liberty Latin America (LILA)

	LILA	Better Performance than LILA
Metric	Value	INDUSTRY: Integrated Telecommunication Services
Rev Chg LTM	-0.8%	RCI (2.8%), VZ (2.4%), TU (2.4%), T (2.0%), BCE (0.1%)
Rev Chg 3Y Avg	-3.4%	RCI (11.8%), TU (5.0%), T (1.1%), BCE (0.8%), VZ (0.5%)
Op Mgn LTM	15.5%	TIGO (26.3%), RCI (23.4%), VZ (23.0%), BCE (22.4%), T (19.5%)
CFO/Rev LTM	16.8%	T (32.8%), BCE (29.8%), VZ (28.0%), RCI (26.4%), TU (23.5%)
FCF/Rev LTM	5.0%	BCE (16.2%), T (16.0%), VZ (15.0%), TU (11.3%), RCI (7.7%)
Total Yield	-44.3%	RCI (40.7%), BCE (40.6%), VZ (16.8%), TU (11.5%), T (11.0%)
P/S	0.4	IQST (0.1), OPTU (0.1), KORE (0.2), ATNI (0.3)
P/Op Inc	2.4	OPTU (0.8)

	LILA	Better Performance than LILA
Metric	Value	SECTOR: Communication Services
Rev Chg LTM	-0.8%	META (21.3%), NFLX (15.4%), GOOGL (13.4%), TMUS (7.3%), DIS (5.0%)
Rev Chg 3Y Avg	-3.4%	META (17.3%), NFLX (11.4%), GOOGL (11.0%), DIS (5.3%), TMUS (2.4%)
Op Mgn LTM	15.5%	META (43.2%), GOOGL (32.2%), NFLX (29.1%), TMUS (22.6%), T (19.5%)
CFO/Rev LTM	16.8%	META (56.8%), GOOGL (39.3%), TMUS (31.3%), NFLX (22.1%), DIS (20.3%)
FCF/Rev LTM	5.0%	META (23.7%), NFLX (20.7%), GOOGL (19.1%), TMUS (16.1%), DIS (12.2%)
Total Yield	-44.3%	TMUS (5.9%), DIS (5.5%), GOOGL (4.6%), META (3.5%), NFLX (0.2%)
P/S	0.4	OPTU (0.1), GTN-A (0.3), AMC (0.3), SBGI (0.3), SCHL (0.3)
P/Op Inc	2.4	OPTU (0.8), GTN (0.9), IHRT (1.4), GTN-A (1.5), UNIT (1.7)

	LILA	Better Performance than LILA
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	-0.8%	NVDA (71.6%), AVGO (28.0%), MSFT (15.6%), AMZN (10.9%), AAPL (6.0%)
Rev Chg 3Y Avg	-3.4%	NVDA (92.0%), AVGO (24.0%), MSFT (13.2%), AMZN (11.3%), AAPL (1.8%)
Op Mgn LTM	15.5%	NVDA (58.1%), MSFT (46.3%), LLY (43.0%), AVGO (39.0%), AAPL (31.9%)
CFO/Rev LTM	16.8%	MSFT (50.0%), NVDA (46.6%), AVGO (42.4%), AAPL (26.6%), AMZN (18.1%)
FCF/Rev LTM	5.0%	NVDA (43.6%), AVGO (41.6%), MSFT (26.6%), AAPL (23.5%), TSLA (7.1%)
Total Yield	-44.3%	MSFT (3.4%), AMZN (3.0%), AAPL (3.0%), NVDA (2.3%), AVGO (1.5%)
P/S	0.4	CVS (0.2), MCK (0.2), CI (0.3), GM (0.3), ELV (0.4)
P/Op Inc	2.4	PAGS (0.4), STNE (0.7), VIRT (1.8), BIPC (2.2), SNEX (2.4)

		Best Bets In Communication Services Sector
	LILA	IPG
What You Pay
P/E	-2.3	20.4
P/EBIT	-80.6	9.7
What You Get
Rev Chg Q	2.1%	-6.4%
Rev Chg LTM	-0.8%	-5.2%
Rev Chg 3Y Avg	-3.4%	-1.3%
FCF/Rev 3Y Avg	5.4%	7.4%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 12%, alpha of 0.5%, and sharpe of 0.56

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	With Liberty Latin America Stock Surging, Have You Considered The Downside?	Return
2	Liberty Latin America (LILA) Operating Cash Flow Comparison	Financials
3	Liberty Latin America (LILA) Net Income Comparison	Financials
4	Liberty Latin America (LILA) Tax Expense Comparison	Financials
5	Liberty Latin America (LILA) Debt Comparison	Financials
6	Liberty Latin America (LILA) EBITDA Comparison	Financials
7	Liberty Latin America (LILA) Revenue Comparison	Financials
8	Liberty Latin America (LILA) Operating Income Comparison	Financials
9	Why Liberty Latin America Stock Moved: LILA Stock Has Gained 37% Since 2024 Fiscal End, Primarily Due To Favorable Change In Price To Sales Multiple (P/S)
10	LILA Dip Buy Analysis

	Title
0	ARTICLES

Trade Ideas

Select past ideas related to LILA. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
PINS_11302025_Monopoly_xInd_xCD_Getting_Cheaper	11302025	PINS	Pinterest	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	2.9%	2.9%	0.0%
TMUS_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	TMUS	T-Mobile US	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	0.8%	0.8%	-1.2%
Z_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	Z	Zillow	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	1.3%	1.3%	0.0%
IRDM_11072025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11072025	IRDM	Iridium Communications	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	-0.5%	-0.5%	-5.6%
TTD_10032025_Dip_Buyer_High_CFO_Margins_ExInd_DE	10032025	TTD	Trade Desk	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	-22.5%	-22.5%	-25.6%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
PINS_11302025_Monopoly_xInd_xCD_Getting_Cheaper	11302025	PINS	Pinterest	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	2.9%	2.9%	0.0%
TMUS_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	TMUS	T-Mobile US	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	0.8%	0.8%	-1.2%
Z_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	Z	Zillow	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	1.3%	1.3%	0.0%
IRDM_11072025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11072025	IRDM	Iridium Communications	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	-0.5%	-0.5%	-5.6%
TTD_10032025_Dip_Buyer_High_CFO_Margins_ExInd_DE	10032025	TTD	Trade Desk	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	-22.5%	-22.5%	-25.6%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	2.3	223.6%	367.4%
COGT	Cogent Biosciences	5.4	152.6%	402.1%
CDTX	Cidara Therapeutics	5.9	115.1%	722.1%
IRWD	Ironwood Pharmaceuticals	0.6	100.5%	-15.8%
TERN	Terns Pharmaceuticals	2.5	95.9%	396.2%
FRGE	Forge Global	0.6	90.3%	217.8%
SGML	Sigma Lithium	1.1	87.3%	-10.6%
INSP	Inspire Medical Systems	4.0	82.8%	-27.3%
NPCE	NeuroPace	0.6	77.2%	48.9%
ALMS	Alumis	0.6	71.9%	-0.3%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
UP	Wheels Up Experience	0.4	-52.7%	-62.4%
CCOI	Cogent Communications	0.9	-51.9%	-72.9%
SMR	NuScale Power	3.0	-50.7%	12.3%
FRMI	Fermi	10.3	-47.5%
AMSC	American Superconductor	1.4	-47.2%	30.1%
TLRY	Tilray Brands	7.5	-46.1%	-46.9%
BTDR	Bitdeer Technologies	2.4	-44.8%	-41.8%
EXOD	Exodus Movement	0.4	-43.1%	-53.3%
STUB	Stubhub	3.5	-39.8%
METC	Ramaco Resources	1.0	-39.4%	66.9%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

Peer Comparisons for Liberty Latin America

Peers to compare with:

Financials

	LILA	T	ATNI	ELWT	VTEK	VZ	Median
Name	Liberty .	AT&T	ATN Inte.	Elauwit .	Vistek	Verizon .
Mkt Price	8.68	25.32	21.61	6.65	-	40.67	21.61
Mkt Cap	1.7	181.2	0.3	-	-	172.0	86.8
Rev LTM	4,433	124,480	720	15	-	137,491	4,433
Op Inc LTM	685	24,218	31	-1	-	31,676	685
FCF LTM	221	19,956	39	-3	-	20,649	221
FCF 3Y Avg	242	19,985	-18	-	-	16,052	8,147
CFO LTM	743	40,860	129	-3	-	38,455	743
CFO 3Y Avg	791	38,787	117	-	-	37,117	18,954

Growth & Margins

	LILA	T	ATNI	ELWT	VTEK	VZ	Median
Name	Liberty .	AT&T	ATN Inte.	Elauwit .	Vistek	Verizon .
Rev Chg LTM	-0.8%	2.0%	-5.3%	-	-	2.4%	0.6%
Rev Chg 3Y Avg	-3.4%	1.1%	0.8%	-	-	0.5%	0.6%
Rev Chg Q	2.1%	1.6%	-1.1%	-	-	1.5%	1.6%
QoQ Delta Rev Chg LTM	0.5%	0.4%	-0.3%	-	-	0.4%	0.4%
Op Mgn LTM	15.5%	19.5%	4.3%	-9.9%	-	23.0%	15.5%
Op Mgn 3Y Avg	13.7%	19.9%	3.7%	-	-	21.9%	16.8%
QoQ Delta Op Mgn LTM	1.3%	-0.4%	-0.0%	-	-	1.5%	0.6%
CFO/Rev LTM	16.8%	32.8%	18.0%	-20.2%	-	28.0%	18.0%
CFO/Rev 3Y Avg	17.7%	31.6%	15.8%	-	-	27.4%	22.6%
FCF/Rev LTM	5.0%	16.0%	5.4%	-20.2%	-	15.0%	5.4%
FCF/Rev 3Y Avg	5.4%	16.3%	-2.4%	-	-	11.8%	8.6%

Valuation

	LILA	T	ATNI	ELWT	VTEK	VZ	Median
Name	Liberty .	AT&T	ATN Inte.	Elauwit .	Vistek	Verizon .
Mkt Cap	1.7	181.2	0.3	-	-	172.0	86.8
P/S	0.4	1.6	0.3	-	-	1.4	0.9
P/EBIT	-80.6	5.8	-8.2	-	-	5.7	-1.2
P/E	-2.3	9.1	-5.5	-	-	9.4	3.4
P/CFO	2.2	4.9	1.9	-	-	4.8	3.5
Total Yield	-44.3%	11.0%	-12.3%	-	-	16.8%	-0.7%
Dividend Yield	0.0%	0.0%	5.9%	-	-	6.1%	2.9%
FCF Yield 3Y Avg	14.0%	13.7%	-1.2%	-	-	9.5%	11.6%
D/E	5.0	0.8	2.9	-	-	0.9	1.9
Net D/E	4.7	0.7	2.5	-	-	0.9	1.7

Returns

	LILA	T	ATNI	ELWT	VTEK	VZ	Median
Name	Liberty .	AT&T	ATN Inte.	Elauwit .	Vistek	Verizon .
1M Rtn	11.7%	3.2%	51.1%	-	-	3.0%	7.5%
3M Rtn	10.0%	-11.9%	39.1%	-	-	-5.4%	2.3%
6M Rtn	70.2%	-5.5%	45.8%	-	-	-2.8%	21.5%
12M Rtn	24.0%	11.4%	15.5%	-	-	-0.8%	13.4%
3Y Rtn	12.3%	57.6%	-50.9%	-	-	30.4%	21.3%
1M Excs Rtn	11.7%	3.3%	51.2%	-	-	3.1%	7.5%
3M Excs Rtn	3.2%	-18.8%	26.7%	-	-	-11.7%	-4.3%
6M Excs Rtn	55.5%	-20.2%	31.1%	-	-	-17.5%	6.8%
12M Excs Rtn	11.2%	0.7%	2.6%	-	-	-15.5%	1.6%
3Y Excs Rtn	-58.0%	-13.6%	-120.9%	-	-	-42.7%	-50.3%

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	11/5/2025	2/19/2025	2/22/2024	2/22/2023	2/23/2022	3/1/2021	2/19/2020
Key Financials
Total Revenue	4,433	4,457	4,511	4,809	4,811	3,765	3,867
EBITDA	878	965	1,548	1,344	1,174	620	1,080
Operating Income	685	529	618	706	729	398	576
Net Income	-734	-657	-74	-171	-441	-682	-106
EPS	-3.69	-3.31	-0.35	-0.77	-1.89	-3.49	-0.58
Growth Rates
Total Revenue Growth	-0.8%	-1.2%	-6.2%	-0.1%	27.8%	-2.6%	4.4%
EBITDA Growth	-3.0%	-37.7%	15.1%	14.5%	89.2%	-42.6%	56.9%
Operating Income Growth	37.4%	-14.5%	-12.4%	-3.2%	82.9%	-30.9%	3.4%
Net Income Growth	-26.2%	-792.7%	56.9%	61.3%	35.4%	-543.0%	69.3%
Margins
EBITDA Margin	19.8%	21.6%	34.3%	28.0%	24.4%	16.5%	27.9%
Operating Income Margin	15.5%	11.9%	13.7%	14.7%	15.1%	10.6%	14.9%
Net Income Margin	-16.6%	-14.7%	-1.6%	-3.5%	-9.2%	-18.1%	-2.7%
Cash & Debt
Total Cash	597	654	989	781	957	894	1,184
Total Debt	8,374	8,168	8,264	7,957	7,648	8,420	8,370
Net Debt / (Cash)	7,777	7,513	7,276	7,176	6,691	7,526	7,186
Cash Flows
Net Cash from Operations	743	756	897	869	1,016	640	918
Free Cash from Operations	221	216	312	209	280	74	329
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0	-0
Share Repurchases	-0	83	118	170	63	10	-0

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	11/5/2025	8/7/2025	5/7/2025	2/19/2025	11/6/2024	8/6/2024	5/7/2024	2/22/2024	11/9/2023	8/8/2023	5/8/2023	2/22/2023
Key Financials Quarterly
Total Revenue	1,112	1,087	1,084	1,150	1,089	1,118	1,099	1,164	1,126	1,120	1,102	1,159
Ebitda	390	-188	270	406	-170	320	408	346	441	435	325	506
Operating Income	205	184	139	158	144	129	98	128	174	176	141	157
Net Income	3	-423	-136	-178	-436	-43	-0	-103	60	35	-66	139
EPS	0.02	-2.12	-0.69	-0.90	-2.22	-0.22	0.00	-0.49	0.29	0.17	-0.30	0.61
Key Financials TTM
Total Revenue TTM	4,433	4,410	4,441	4,457	4,470	4,507	4,509	4,511	4,507	4,602	4,698	4,812
Ebitda TTM	878	318	826	965	904	1,516	1,631	1,548	1,707	1,770	1,216	1,348
Operating Income TTM	685	624	569	529	499	528	576	618	648	631	661	710
Net Income TTM	-734	-1,174	-793	-657	-582	-86	-8	-74	168	184	-326	-180
Growth Rates Quarterly
Total Revenue Growth	2.1%	-2.8%	-1.4%	-1.1%	-3.3%	-0.2%	-0.2%	0.4%	-7.8%	-7.9%	-9.4%	-9.2%
EBITDA Growth	329.0%	-158.7%	-34.0%	17.4%	-138.6%	-26.5%	25.6%	-31.6%	-12.5%	466.7%	-28.9%	312.5%
Operating Income Growth	42.3%	42.8%	41.3%	23.5%	-17.0%	-27.0%	-30.3%	-18.9%	11.1%	-14.7%	-25.5%	-27.2%
Net Income Growth	100.8%	-891.3%	-27180.0%	-73.2%	-830.0%	-221.7%	99.2%	-174.2%	-21.1%	107.4%	-181.4%	122.6%
Margins Quarterly
EBITDA Margin	35.0%	-17.3%	24.9%	35.3%	-15.6%	28.6%	37.1%	29.8%	39.2%	38.9%	29.5%	43.6%
Operating Income Margin	18.4%	16.9%	12.8%	13.7%	13.2%	11.5%	8.9%	11.0%	15.4%	15.7%	12.8%	13.6%
Net Income Margin	0.3%	-39.0%	-12.6%	-15.5%	-40.0%	-3.8%	-0.0%	-8.8%	5.3%	3.1%	-6.0%	12.0%
Cash & Debt
Total Cash	597	514	576	654	589	599	668	989	572	633	672	781
Total Debt	8,374	8,252	8,263	8,168	8,244	8,168	8,144	8,264	7,998	8,048	8,007	7,957
Net Debt / (Cash)	7,777	7,738	7,688	7,513	7,656	7,570	7,475	7,276	7,426	7,415	7,335	7,176
Cash Flows Quarterly
FCF from Operations	178	141	25	399	178	157	23	390	218	226	62	377
Cash Flows TTM
FCF from Operations TTM	743	742	758	756	748	789	858	897	884	810	809	869
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-0	-0	-0	-0	-0	27	56	8	30	58	22	18
Return on Invested Capital (ROIC) Quarterly
ROIC	6.8%	4.4%	4.6%	5.3%	3.6%	2.2%	3.3%	3.3%	4.8%	2.1%	4.7%	5.4%
Return on Invested Capital (ROIC) TTM
ROIC TTM	5.7%	4.7%	4.7%	4.5%	3.1%	2.7%	4.9%	5.3%	4.3%	3.8%	5.6%	6.1%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Cable & Wireless (C&W) Caribbean	1,437	1,437	1,390
Liberty Puerto Rico	1,418	1,464	1,450	624	412
Cable & Wireless (C&W) Panama	743	643	568	500	583
Liberty Costa Rica	548	441	258	140	1,074
Liberty Networks	453	451	432
Corporate	24	22	22	3
VTR Finance N.V. and its subsidiaries (VTR)	0	451	788	809
Intersegment eliminations	-111	-99	-92	-18	-14
Cable & Wireless (C&W) Caribbean and Networks				1,707	1,813
Total	4,511	4,809	4,815	3,765	3,867

Operating Income by Segment

$ Mil	2024	2023	2022	2021	2020
Cable & Wireless (C&W) Caribbean	597	535	483
Liberty Puerto Rico	486	531	581	277	203
Liberty Networks	262	276	264
Cable & Wireless (C&W) Panama	228	189	200	177	228
Liberty Costa Rica	203	135	80	55	434
VTR Finance N.V. and its subsidiaries (VTR)	0	116	260	307
Corporate	-73	-72	-53	-44	-55
Impairment, restructuring and other operating items, net	-87	-619	-665	-375	-259
Share-based compensation and other Employee Incentive Plan-related expense	-89	-94	-118	-98	-58
Depreciation and amortization	-1,008	-911	-965	-919	-871
Cable & Wireless (C&W) Caribbean and Networks				713	732
Total	518	86	67	93	354

Price Behavior

Price Behavior

Market Price	$8.68
Market Cap ($ Bil)	1.7
First Trading Date	06/22/2015
Distance from 52W High	-0.6%
	50 Days	200 Days
DMA Price	$8.15	$6.82
DMA Trend	up	up
Distance from DMA	6.5%	27.2%
	3M	1YR
Volatility	38.2%	43.0%
Downside Capture	-26.69	63.21
Upside Capture	25.15	75.99
Correlation (SPY)	19.5%	33.4%

LILA Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.52	0.49	0.65	0.93	0.73	0.90
Up Beta	3.29	2.46	2.55	1.93	0.49	0.74
Down Beta	1.08	0.98	0.79	1.22	1.11	1.18
Up Capture	68%	-2%	24%	123%	65%	50%
Bmk +ve Days	13	26	39	74	142	427
Stock +ve Days	11	22	34	71	131	380
Down Capture	-84%	-42%	-12%	-37%	71%	98%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	9	20	28	50	111	350

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of LILA With Other Asset Classes (Last 1Y)
	LILA	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	22.9%	18.6%	15.3%	58.9%	4.6%	-5.8%	-3.1%
Annualized Volatility	42.9%	19.1%	19.7%	19.4%	15.9%	17.8%	35.7%
Sharpe Ratio	0.60	0.76	0.60	2.26	0.09	-0.48	0.04
Correlation With Other Assets		34.2%	33.2%	12.0%	7.6%	30.2%	6.6%

ETFs used for asset classes: Sector ETF = XLC, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

		Comparison of LILA With Other Asset Classes (Last 5Y)
	LILA	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-7.1%	13.0%	15.0%	17.9%	11.9%	4.9%	37.1%
Annualized Volatility	44.5%	20.9%	17.1%	15.5%	18.9%	19.0%	49.1%
Sharpe Ratio	-0.02	0.53	0.71	0.93	0.52	0.17	0.64
Correlation With Other Assets		41.3%	42.2%	12.0%	15.3%	38.5%	23.2%

Based On 10-Year Data

		Comparison of LILA With Other Asset Classes (Last 10Y)
	LILA	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-12.8%	12.9%	14.5%	14.2%	5.6%	5.4%	76.3%
Annualized Volatility	45.3%	22.7%	18.0%	14.8%	17.7%	20.9%	55.9%
Sharpe Ratio	-0.13	0.52	0.69	0.79	0.25	0.23	0.95
Correlation With Other Assets		47.7%	47.8%	8.8%	20.5%	43.0%	17.3%

Short Interest

Short Interest: As Of Date	11142025
Short Interest: Shares Quantity	616,219
Short Interest: % Change Since 10312025	-5.4%
Average Daily Volume	405,003
Days-to-Cover Short Interest	1.52
Basic Shares Quantity	200,200,000
Short % of Basic Shares	0.3%

Returns Analyses

	Title
0	With Liberty Latin America Stock Surging, Have You Considered The Downside?

SEC Filings

Expand for More

Report Date	Filing Date	Filing
9302025	11052025	10-Q 9/30/2025
6302025	8072025	10-Q 6/30/2025
3312025	5072025	10-Q 3/31/2025
12312024	2192025	10-K 12/31/2024
9302024	11062024	10-Q 9/30/2024
6302024	8062024	10-Q 6/30/2024
3312024	5072024	10-Q 3/31/2024
12312023	2222024	10-K 12/31/2023
9302023	11092023	10-Q 9/30/2023
6302023	8082023	10-Q 6/30/2023
3312023	5082023	10-Q 3/31/2023
12312022	2222023	10-K 12/31/2022
9302022	11082022	10-Q 9/30/2022
6302022	8032022	10-Q 6/30/2022
3312022	5042022	10-Q 3/31/2022
12312021	2232022	10-K 12/31/2021

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

Prefer one of these to Trefis? Tell us why.

Liberty Latin America (LILA)

Market Price (12/4/2025): $8.685 | Market Cap: $1.7 BilSector: Communication Services | Industry: Integrated Telecommunication Services

Liberty Latin America (LILA)

Market Price (12/4/2025): $8.685Market Cap: $1.7 BilSector: Communication ServicesIndustry: Integrated Telecommunication Services

Valuation, Metrics & Events

LILA Stock

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About Liberty Latin America (LILA)

Addressable Market Sizes for Liberty Latin America's Main Products or Services:

Interactive Breakdown

Better Bets than Liberty Latin America (LILA)

Latest Trefis Analyses

Trade Ideas

Recent Active Movers

1 Day Top Gainers

1 Day Top Losers

1 Week Top Gainers

1 Week Top Losers

1 Month Top Gainers

1 Month Top Losers

Recent Active Movers

1 Day Top Gainers

1 Day Top Losers

1 Week Top Gainers

1 Week Top Losers

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Liberty Latin America

Financials

Growth & Margins

Valuation

Returns

Comparison Analyses

FDIC Bank Data

Bank Capital

Bank Deposits

Bank Assets

Bank Loans

Financials

Segment Financials

Price Behavior

Based On 1-Year Data

Based On 5-Year Data

Based On 10-Year Data

Short Interest

Returns Analyses

Earnings Returns History

SEC Filings

Insider Activity

Industry Resources

External Quote Links

Market Price (12/4/2025): $8.685 | Market Cap: $1.7 Bil
Sector: Communication Services | Industry: Integrated Telecommunication Services

Market Price (12/4/2025): $8.685
Market Cap: $1.7 Bil
Sector: Communication Services
Industry: Integrated Telecommunication Services