United States Cellular Corp

Telecommunications
Telecommunications Equipment
www.uscellular.com

Earnings Score
Moat Score
Safety Score

Market Cap $5.42B
PE -181
Debt $2.90B
Cash $288.00M
EV $8.04B
FCF $355.00M

Earnings

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Sales & Net Margins

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Earnings	-$30.00M
EBIT	$19.00M
ROE	-1%
ROA	0%
FCF	$355.00M
Equity	$4.60B
Growth Stability	18%
PE	-180.83
PEG	8.63
PB	1.18
P/FCF	15.28
P/S	1.43
Price/Cash	0.05
Debt/Equity	0.63
Debt/FCF	8.17
Net Margins	-2%
Op. Margins	1%
Earnings CAGR	0%
Sales Growth YoY	-4%
Sales Growth QoQ	-1%
Sales CAGR	0%
FCF CAGR	16%
Equity CAGR	4%
Earnings Stability	0
Earnings Growth YoY	-459%
Earnings Growth QoQ	-565%

Earnings CAGR 5Y	-21%
Sales CAGR 5Y	-1%
FCF CAGR 5Y	27%
Equity CAGR 5Y	2%
Earnings CAGR 3Y	-3%
Sales CAGR 3Y	-3%
FCF CAGR 3Y	44%
Equity CAGR 3Y	1%
Market Cap	$5.42B
Revenue	$3.80B
Assets	$10.52B
Total Debt	$2.90B
Cash	$288.00M
Shares Outstanding	86M
EV	8.04B
Earnings Score	6%
Moat Score	17%
Safety Score	49%
Final Score	24%
Working Capital	518M
Current Ratio	1.57
Shares Growth 3y	-0%
Equity Growth QoQ	-2%
Equity Growth YoY	-0%

Assets & ROA

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Stockholders Equity & ROE

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U.S. Cellular is a regional wireless carrier that serves about 5 million customers spread across four major geographic clusters: the Midwest, mid-Atlantic, New England, and the Pacific Northwest. These service territories encompass a total population of about 32 million people. The vast majority of the markets the firm serves are rural or second/third-tier cities, with only the greater Milwaukee and Oklahoma City regions boasting populations greater than 1 million. U.S. Cellular also owns a 5.5% stake in Verizon Wireless' Los Angeles operations and, unlike its wireless carrier peers, owns most of its own towers.

SEC Filings

Direct access to United States Cellular Corp (USM) 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 United States Cellular Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of United States Cellular Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 0%

Stability 0%

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United States Cellular Corp Discounted Cash Flow

Fully customizable DCF calculator online for United States Cellular Corp.

Years

Calculation mode

= $11B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$355M	$413M	$480M	$558M	$648M	$754M	$876M	$1B	$1.2B	$1.4B	$1.6B	$16B
DCF		$375M	$396M	$419M	$443M	$468M	$495M	$523M	$552M	$584M	$617M	$6.2B
Value	$11B

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	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	6%	1%	0%	4%	3%	6%	4%	1%	1%	-2%
ROA	-	1%	-4%	3%	2%	3%	2%	1%	1%	0%
ROE	-	1%	0%	4%	3%	5%	3%	1%	1%	-1%

Bad Net Margins (-1.57%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

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	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	28.09	410	8.24	20.41	10.04	35.01	13.91	11.88	8.17
Debt over Equity	0.46	0.45	0.44	0.4	0.36	0.56	0.6	0.7	0.66	0.63
Growth Stability	-	-	-	100%	100%	100%	92%	18%	39%	18%

Bad Debt/FCF ratio (8.17)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Good Debt/Equity ratio (0.63)

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

Bad Graham’s Stability (18%)

The company has a bad stability in its earnings, which is a sign of a bad 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	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-1%	-1%	2%	1%	0%	2%	1%	-6%	-1%
Earnings YoY growth	-	-80%	-75%	1K%	-15%	80%	-32%	-81%	80%	-21%
Equity YoY growth	-	2%	1%	10%	4%	5%	3%	0%	2%	2%
FCF YoY growth	-	-328%	-93%	5K%	-62%	235%	-69%	195%	12%	27%