Tearsheet

Liberty Latin America (LILA)


Market Price (12/28/2025): $7.48 | Market Cap: $1.5 Bil
Sector: Communication Services | Industry: Integrated Telecommunication Services

Liberty Latin America (LILA)


Market Price (12/28/2025): $7.48
Market Cap: $1.5 Bil
Sector: Communication Services
Industry: Integrated Telecommunication Services

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.


0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 17%
Weak multi-year price returns
2Y Excs Rtn is -41%, 3Y Excs Rtn is -76%
Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 519%
1 Attractive yield
FCF Yield is 15%
  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 -53%
3 Megatrend and thematic drivers
Megatrends include 5G & Advanced Connectivity. Themes include Wireless Services, and Telecom Infrastructure.
  Key risks
LILA key risks include [1] a substantial debt burden and persistent execution issues at its Puerto Rico subsidiary, Show more.
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 15%
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 Weak multi-year price returns
2Y Excs Rtn is -41%, 3Y Excs Rtn is -76%
5 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 519%
6 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.4%
7 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 -53%
8 Key risks
LILA key risks include [1] a substantial debt burden and persistent execution issues at its Puerto Rico subsidiary, Show more.

Valuation, Metrics & Events

LILA Stock


Why The Stock Moved


Qualitative Assessment

AI Analysis | Feedback

Here are five key points that could explain the movement of Liberty Latin America (LILA) stock:

<b>1. The stock experienced a significant decline in recent trading periods, with a reported fall of -7.54% compared to the previous week and a -13.53% decrease over the past month.</b>

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<b>2. The company faces ongoing challenges from customer migration to streaming services and demographic shifts, which are eroding traditional revenue streams and restricting future subscriber growth.</b>

<br><br>

<b>3. High debt levels, intense competition, and substantial capital expenditure requirements are constraining investment and pressuring the company's margins and cash flow.</b>

<br><br>

<b>4. Liberty Latin America experienced a substantial increase in losses in the 2024 fiscal year, reaching -$657.00 million, which represents a 792.7% increase compared to the previous year, alongside a decrease in revenue.</b>

<br><br>

<b>5. A notable change in governance occurred with Eric Zinterhofer stepping down from the Liberty Latin America Board of Directors on December 19, 2025.</b>

Show more

Stock Movement Drivers

Fundamental Drivers

The -9.1% change in LILA stock from 9/27/2025 to 12/27/2025 was primarily driven by a -9.5% change in the company's P/S Multiple.
927202512272025Change
Stock Price ($)8.237.48-9.11%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)4409.704433.000.53%
P/S Multiple0.370.34-9.46%
Shares Outstanding (Mil)199.90200.20-0.15%
Cumulative Contribution-9.11%

LTM = Last Twelve Months as of date shown

Market Drivers

9/27/2025 to 12/27/2025
ReturnCorrelation
LILA-9.1% 
Market (SPY)4.3%18.2%
Sector (XLC)-0.2%25.0%

Fundamental Drivers

The 24.9% change in LILA stock from 6/28/2025 to 12/27/2025 was primarily driven by a 26.8% change in the company's P/S Multiple.
628202512272025Change
Stock Price ($)5.997.4824.87%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)4441.004433.00-0.18%
P/S Multiple0.270.3426.81%
Shares Outstanding (Mil)197.50200.20-1.37%
Cumulative Contribution24.85%

LTM = Last Twelve Months as of date shown

Market Drivers

6/28/2025 to 12/27/2025
ReturnCorrelation
LILA24.9% 
Market (SPY)12.6%19.7%
Sector (XLC)9.9%20.5%

Fundamental Drivers

The 16.7% change in LILA stock from 12/27/2024 to 12/27/2025 was primarily driven by a 19.9% change in the company's P/S Multiple.
1227202412272025Change
Stock Price ($)6.417.4816.69%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)4470.204433.00-0.83%
P/S Multiple0.280.3419.95%
Shares Outstanding (Mil)196.40200.20-1.93%
Cumulative Contribution16.65%

LTM = Last Twelve Months as of date shown

Market Drivers

12/27/2024 to 12/27/2025
ReturnCorrelation
LILA16.7% 
Market (SPY)17.0%32.5%
Sector (XLC)21.3%33.9%

Fundamental Drivers

The 1.2% change in LILA stock from 12/28/2022 to 12/27/2025 was primarily driven by a 9.1% change in the company's Shares Outstanding (Mil).
1228202212272025Change
Stock Price ($)7.397.481.22%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)4930.304433.00-10.09%
P/S Multiple0.330.342.35%
Shares Outstanding (Mil)220.20200.209.08%
Cumulative Contribution0.38%

LTM = Last Twelve Months as of date shown

Market Drivers

12/28/2023 to 12/27/2025
ReturnCorrelation
LILA2.7% 
Market (SPY)48.0%28.0%
Sector (XLC)64.6%28.4%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
LILA Return-39%5%-35%-3%-13%19%-59%
Peers Return16%38%-12%21%26%16%150%
S&P 500 Return16%27%-19%24%23%18%114%

Monthly Win Rates [3]
LILA Win Rate33%50%17%42%58%50% 
Peers Win Rate52%65%42%68%57%52% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
LILA Max Drawdown-58%-9%-49%-15%-18%-29% 
Peers Max Drawdown-34%-5%-26%-7%-9%-23% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL.
[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 12/26/2025 (YTD)

How Low Can It Go

Unique KeyEventLILAS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-59.5%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven147.2%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-61.2%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven158.0%51.3%
2020 Covid PandemicTime to BreakevenTime to BreakevenNot Fully Recovered days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-48.3%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven93.6%24.7%
2018 CorrectionTime to BreakevenTime to BreakevenNot Fully Recovered days120 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

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.

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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 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 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 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 Analysis | Feedback

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AI 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 Analysis | Feedback

The key risks to Liberty Latin America's business include:

  1. Debt Burden and Financial Health: Liberty Latin America faces significant financial challenges, including a substantial net loss of $136.4 million in the first quarter of 2025 and a considerable debt load, with total liabilities exceeding cash and near-term receivables by US$9.32 billion. The company's high leverage, amounting to $8.3 billion in debt with an average interest cost of 7.42%, and increasing interest expenses, pose a significant risk to the business. The Puerto Rico subsidiary, in particular, carries a substantial debt load and has experienced ongoing execution issues that risk its equity value. Sustained high leverage could also hinder margin expansion and limit valuation upside.
  2. Competitive Landscape and Market Dynamics: The telecommunications industry in Latin America and the Caribbean is highly competitive, leading to intense price wars, pressure on profit margins, and a continuous need for investment in network infrastructure and services. Liberty Latin America must navigate significant competition across its video, broadband, and mobile segments, with ongoing technological shifts and pricing competition continually impacting its margins.
  3. Economic and Regulatory Risks, and Natural Disasters: Operating in a region prone to economic volatility and diverse regulatory environments presents inherent risks for Liberty Latin America. The company is significantly exposed to currency fluctuations, with notable impacts from the Costa Rican Colón (CRC) and Jamaican Dollar (JMD), which have negatively affected revenue. Furthermore, natural disasters, such as Hurricane Beryl in 2024, have caused tangible financial damage, including estimated revenue losses of $11 million and an operating loss for the company in that year.

AI 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 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 Analysis | Feedback

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

  1. 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.
  2. 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.
  3. 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.
  4. 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 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)

Trade Ideas

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

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
PINS_11302025_Monopoly_xInd_xCD_Getting_Cheaper11302025PINSPinterestMonopolyMY | 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
0.1%0.1%-1.4%
TMUS_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025TMUST-Mobile USMonopolyMY | 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
-3.6%-3.6%-6.4%
Z_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025ZZillowMonopolyMY | 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
-1.9%-1.9%-5.1%
IRDM_11072025_Dip_Buyer_High_CFO_Margins_ExInd_DE11072025IRDMIridium CommunicationsDip BuyDB | 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
3.4%3.4%-5.6%
TTD_10032025_Dip_Buyer_High_CFO_Margins_ExInd_DE10032025TTDTrade DeskDip BuyDB | 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
-25.7%-25.7%-29.8%

Recent Active Movers

More From Trefis

Peer Comparisons for Liberty Latin America

Peers to compare with:

Financials

LILAHPQHPEIBMCSCOAAPLMedian
NameLiberty .HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Price7.4823.2624.49305.0978.16273.4051.32
Mkt Cap1.521.932.6284.9309.24,074.4158.8
Rev LTM4,43355,29534,29665,40257,696408,62556,496
Op Inc LTM6853,6241,64411,54412,991130,2147,584
FCF LTM2212,80062711,85412,73396,1847,327
FCF 3Y Avg2422,9781,40011,75313,879100,5037,366
CFO LTM7433,6972,91913,48313,744108,5658,590
CFO 3Y Avg7913,6723,89613,49814,736111,5598,697

Growth & Margins

LILAHPQHPEIBMCSCOAAPLMedian
NameLiberty .HP Hewlett .Internat.Cisco Sy.Apple  
Rev Chg LTM-0.8%3.2%13.8%4.5%8.9%6.0%5.2%
Rev Chg 3Y Avg-3.4%-3.9%6.5%2.6%3.7%1.8%2.2%
Rev Chg Q2.1%4.2%14.4%9.1%7.5%9.6%8.3%
QoQ Delta Rev Chg LTM0.5%1.1%3.7%2.1%1.8%2.1%2.0%
Op Mgn LTM15.5%6.6%4.8%17.7%22.5%31.9%16.6%
Op Mgn 3Y Avg13.7%7.4%7.2%16.4%24.2%30.8%15.0%
QoQ Delta Op Mgn LTM1.3%-0.2%-1.4%0.6%0.4%0.1%0.2%
CFO/Rev LTM16.8%6.7%8.5%20.6%23.8%26.6%18.7%
CFO/Rev 3Y Avg17.7%6.8%12.7%21.4%26.1%28.4%19.6%
FCF/Rev LTM5.0%5.1%1.8%18.1%22.1%23.5%11.6%
FCF/Rev 3Y Avg5.4%5.5%4.6%18.6%24.6%25.6%12.1%

Valuation

LILAHPQHPEIBMCSCOAAPLMedian
NameLiberty .HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Cap1.521.932.6284.9309.24,074.4158.8
P/S0.30.41.04.45.410.02.7
P/EBIT-72.76.819.925.122.531.321.2
P/E-2.08.6572.736.029.941.033.0
P/CFO2.05.911.221.122.537.516.2
Total Yield-49.0%14.1%2.3%5.0%5.4%2.8%3.9%
Dividend Yield0.0%2.5%2.1%2.2%2.1%0.4%2.1%
FCF Yield 3Y Avg14.0%10.6%5.5%6.4%6.0%3.1%6.2%
D/E5.60.50.70.20.10.00.4
Net D/E5.20.30.60.20.00.00.3

Returns

LILAHPQHPEIBMCSCOAAPLMedian
NameLiberty .HP Hewlett .Internat.Cisco Sy.Apple  
1M Rtn-14.3%-1.8%14.4%0.6%2.7%-1.5%-0.4%
3M Rtn-9.1%-11.9%2.7%7.9%17.0%7.1%4.9%
6M Rtn24.9%-4.0%34.5%6.6%15.2%36.3%20.1%
12M Rtn16.7%-27.0%16.2%40.5%34.5%7.5%16.4%
3Y Rtn1.2%-1.9%71.1%143.1%81.3%120.2%76.2%
1M Excs Rtn-16.4%-5.6%12.9%-2.2%-0.0%-3.7%-3.0%
3M Excs Rtn-13.4%-16.2%-1.7%3.6%12.7%2.8%0.6%
6M Excs Rtn12.6%-16.3%22.3%-5.7%3.0%24.0%7.8%
12M Excs Rtn5.4%-42.9%-0.7%25.0%19.9%-8.4%2.3%
3Y Excs Rtn-75.7%-83.5%-11.2%59.6%-1.2%28.4%-6.2%

Financials

Segment Financials

Revenue by Segment
$ Mil20242023202220212020
Cable & Wireless (C&W) Caribbean1,4371,4371,390  
Liberty Puerto Rico1,4181,4641,450624412
Cable & Wireless (C&W) Panama743643568500583
Liberty Costa Rica5484412581401,074
Liberty Networks453451432  
Corporate2422223 
VTR Finance N.V. and its subsidiaries (VTR)0451788809 
Intersegment eliminations-111-99-92-18-14
Cable & Wireless (C&W) Caribbean and Networks   1,7071,813
Total4,5114,8094,8153,7653,867


Operating Income by Segment
$ Mil20242023202220212020
Cable & Wireless (C&W) Caribbean597535483  
Liberty Puerto Rico486531581277203
Liberty Networks262276264  
Cable & Wireless (C&W) Panama228189200177228
Liberty Costa Rica2031358055434
VTR Finance N.V. and its subsidiaries (VTR)0116260307 
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   713732
Total518866793354


Price Behavior

Price Behavior
Market Price$7.48 
Market Cap ($ Bil)1.5 
First Trading Date06/22/2015 
Distance from 52W High-15.7% 
   50 Days200 Days
DMA Price$8.19$6.93
DMA Trendupup
Distance from DMA-8.7%7.9%
 3M1YR
Volatility38.9%43.4%
Downside Capture57.9471.06
Upside Capture0.1875.17
Correlation (SPY)18.6%32.5%
LILA Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta0.520.490.650.930.730.90
Up Beta3.292.462.551.930.490.74
Down Beta1.080.980.791.221.111.18
Up Capture68%-2%24%123%65%50%
Bmk +ve Days13263974142427
Stock +ve Days11223471131380
Down Capture-84%-42%-12%-37%71%98%
Bmk -ve Days7162452107323
Stock -ve Days9202850111350

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
 Comparison of LILA With Other Asset Classes (Last 1Y)
 LILASector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return19.5%21.8%17.8%72.1%8.6%4.4%-8.2%
Annualized Volatility43.2%18.5%19.4%19.3%15.2%17.0%35.0%
Sharpe Ratio0.530.920.722.700.340.09-0.08
Correlation With Other Assets 34.0%32.6%9.9%8.5%29.8%5.1%

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)
 LILASector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-8.6%13.0%14.7%18.7%11.5%4.6%30.8%
Annualized Volatility44.5%20.9%17.1%15.5%18.7%18.9%48.6%
Sharpe Ratio-0.050.530.700.970.500.160.57
Correlation With Other Assets 41.4%42.1%11.6%15.5%38.4%23.7%

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 10-Year Data
 Comparison of LILA With Other Asset Classes (Last 10Y)
 LILASector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-14.4%13.2%14.8%15.3%7.0%5.3%69.2%
Annualized Volatility45.3%22.6%18.0%14.7%17.6%20.8%55.8%
Sharpe Ratio-0.170.540.710.860.320.220.90
Correlation With Other Assets 47.7%47.9%8.8%20.8%43.1%17.5%

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

Short Interest

Short Interest: As Of Date12152025
Short Interest: Shares Quantity545,401
Short Interest: % Change Since 11302025-6.6%
Average Daily Volume299,702
Days-to-Cover Short Interest1.82
Basic Shares Quantity200,200,000
Short % of Basic Shares0.3%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/5/20257.7%3.6%7.9%
8/7/20259.2%5.3%11.6%
5/7/2025-15.1%-10.2%-8.7%
2/19/2025-5.3%-3.7%-5.8%
11/6/2024-20.8%-36.6%-34.2%
8/6/2024-8.9%-5.3%-5.8%
5/7/20244.9%2.8%9.7%
2/22/2024-7.6%-0.6%2.6%
...
SUMMARY STATS   
# Positive111110
# Negative121213
Median Positive8.9%5.3%9.7%
Median Negative-8.2%-4.5%-8.7%
Max Positive16.5%18.5%19.7%
Max Negative-20.8%-36.6%-43.8%

SEC Filings

Expand for More
Report DateFiling DateFiling
93020251105202510-Q 9/30/2025
6302025807202510-Q 6/30/2025
3312025507202510-Q 3/31/2025
12312024219202510-K 12/31/2024
93020241106202410-Q 9/30/2024
6302024806202410-Q 6/30/2024
3312024507202410-Q 3/31/2024
12312023222202410-K 12/31/2023
93020231109202310-Q 9/30/2023
6302023808202310-Q 6/30/2023
3312023508202310-Q 3/31/2023
12312022222202310-K 12/31/2022
93020221108202210-Q 9/30/2022
6302022803202210-Q 6/30/2022
3312022504202210-Q 3/31/2022
12312021223202210-K 12/31/2021