Uniti Group Inc.

Real Estate
Real Estate Investment Trusts
www.uniti.com

Earnings Score
Safety Score

Market Cap $1.37B
Debt $5.87B
Cash $53.39M
EV $7.18B
FCF -$32.87M

Earnings

loading chart...

Sales & Net Margins

loading chart...

Earnings	$62.77M
EBIT	$536.26M
ROA	11%
FCF	-$32.87M
Equity	-$2.48B
Growth Stability	1
PE	21.81
PEG	3.28
PB	-0.55
P/FCF	-41.65
P/S	1.18
Price/Cash	0.04
Debt/Equity	-2.37
Debt/FCF	-178.5
Net Margins	8%
Op. Margins	46%
Earnings CAGR	4%
Sales Growth YoY	1%
Sales Growth QoQ	-1%
Sales CAGR	5%
FCF CAGR	-4%
Earnings Stability	0.04
Earnings Growth YoY	-115%

Earnings Growth QoQ	-32%
Earnings CAGR 5Y	7%
Sales CAGR 5Y	2%
FCF CAGR 5Y	-1%
Earnings CAGR 3Y	2%
Sales CAGR 3Y	2%
FCF CAGR 3Y	-3%
Market Cap	$1.37B
Revenue	$1.16B
Dividend Yield	8%
Payout Ratio	173%
Assets	$5.10B
Total Debt	$5.87B
Cash	$53.39M
Shares Outstanding	237.24M
EV	7.18B
Earnings Score	6%
Safety Score	44%
Shares Growth 3y	1%
Equity Growth QoQ	-1%
Equity Growth YoY	1%

Assets & ROA

loading chart...

Stockholders Equity & ROE

loading chart...

Uniti is a REIT with about 130,000 route miles of fiber in the U.S., primarily in the Southeast. Uniti reports its business in two segments: leasing and fiber. Leasing currently makes up about two thirds of total revenue and consists mostly of Uniti's master lease agreement with Windstream. Uniti was spun out of Windstream in 2015 with a substantial portion of Windstream's network assets, and it immediately leased the entire portfolio back for Windstream's exclusive use. Other leasing revenue stems from sale-leaseback transactions with other fiber holders. Uniti generates fiber revenue by leasing dark and lit fiber to wireless carriers and other enterprises.

SEC Filings

Direct access to Uniti Group Inc. (UNIT) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Uniti Group Inc. compare to its competitors?

Loading chart...

Peter Lynch's Chart

This chart shows the current pricing of Uniti Group Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 4%

Stability 4%

loading chart...

Uniti Group Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Uniti Group Inc..

Years

Calculation mode

= -$253M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$33M	-$32M	-$30M	-$29M	-$28M	-$27M	-$26M	-$25M	-$24M	-$23M	-$22M	-$219M
DCF		-$29M	-$25M	-$22M	-$19M	-$17M	-$15M	-$13M	-$11M	-$9.7M	-$8.5M	-$85M
Value	-$253M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	-1%	-2%	1%	1%	-67%	11%	-1%	-7%	8%
ROA	0%	-1%	0%	8%	-5%	12%	7%	7%	11%
ROE	0%	1%	-1%	-1%	35%	-6%	0%	3%	-

Net Margins (8.05%)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	12.65	31.32	108.09	-96.19	-21.29	45.67	161.68	-87.95	-178.5
Debt over Equity	-2.97	-3.83	-3.33	-3.52	-2.4	-2.45	-2.32	-2.26	-2.37
Growth Stability	-	-	-	-	-	-	-	-	1

Good Debt/FCF ratio (-178.5)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (-2.37)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (1)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	19%	11%	4%	1%	3%	3%	2%	2%
Earnings YoY growth	-	201%	-148%	5%	-9K%	-117%	-108%	780%	7%
Equity YoY growth	-	-14%	24%	-1%	40%	2%	7%	9%	-
FCF YoY growth	-	-55%	-69%	-218%	329%	-149%	-71%	-296%	-1%