Telecom dominates Quebecor’s business, making up more than 85% of revenue and nearly all of its EBITDA. The firm has historically focused its telecom efforts in Quebec, where it dominates the fixed-line market--providing broadband service to 60% of the homes its network passes--and holding its own in wireless against national providers. We estimate Quebecor has a 21% wireless market share in Quebec.
Quebecor’s national wireless ambitions should benefit from a favorable regulatory environment. It should be able to offer promotions and gain share without taking significant economic losses.
As a national wireless carrier, Quebecor will have none of the advantages that have made it successful in Quebec.
|
Metric
|
QBR.B
|
RCI
|
T
|
|---|---|---|---|
Price/Earnings (Normalized) | 9.95 | 11.34 | 21.75 |
Price/Book Value | 3.80 | 2.57 | 2.00 |
Price/Sales | 1.24 | 1.34 | 1.60 |
Price/Cash Flow | 4.28 | 4.42 | 6.63 |
|
Metric
|
QBR.B
|
RCI
|
T
|
|---|---|---|---|
Quick Ratio | 0.41 | 0.71 | 0.54 |
Current Ratio | 0.66 | 0.89 | 0.67 |
Interest Coverage | 3.17 | 1.59 | 1.82 |
|
Metric
|
QBR.B
|
RCI
|
T
|
|---|---|---|---|
Return on Assets (Normalized) | 5.79% | 3.73% | 2.47% |
Return on Equity (Normalized) | 44.26% | 22.52% | 8.37% |
Return on Invested Capital (Normalized) | 10.47% | 6.69% | 5.34% |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
TMUS
| T-Mobile US Inc | Nlllllxnr | Czxwnj | $194.6 Bil | |
VZ
| Verizon Communications Inc | Gtnhhcmn | Xggnbj | $167.0 Bil | |
CMCSA
| Comcast Corp Class A | Mgfcvlqfr | Dkhg | $150.4 Bil | |
T
| AT&T Inc | Jrc | Mxkclr | $120.1 Bil | |
DTEGY
| Deutsche Telekom AG ADR | Kyyccjgzx | Xftgt | $116.7 Bil | |
KDDIY
| KDDI Corp ADR | Wpkjfghx | Ngrfqp | $58.6 Bil | |
AMX
| America Movil SAB de CV ADR - Series B | Nqmqvhndfy | Tyqqp | $58.2 Bil | |
CHTR
| Charter Communications Inc Class A | Bvgcgqzfk | Bljxz | $37.4 Bil | |
BCE
| BCE Inc | Fpthypyz | Sbmfbq | $29.9 Bil | |
ORAN
| Orange SA ADR | Jzhkxgp | Tmqx | $29.8 Bil |
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