Liberty Latin America Ltd. LILA

Communication ServicesTelecommunications ServicesUnited States of America

Last close 8.44 USD on Nov 1, 2026, +68.2% year to date

Quant rating

Quant rating B Rank 31 of 135 in Communication Services

Growth B 43 of 135
Valuation B 34 of 135
Quality C 81 of 135
Revisions C 69 of 135
Momentum A 13 of 135

Wall Street consensus Hold (3.00)Average target 8.80 USD +4.3%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 1.6B
Enterprise value: 9.8B
52-week range: 4.58 – 9.03
3-year range: 3.06 – 9.03
Dividend yield: –
Beta (5 years): 0.71
Shares outstanding: 196M
Next earnings: Nov 4, 2026

About the company

Liberty Latin America Ltd. is a Bermuda-based telecommunications company. The communications and entertainment services that we deliver to our residential and business customers include broadband connectivity, video, telephony and mobile services. Which provides residential and business to business services in over 20 countries across Latin America and the Caribbean under the consumer brands BTC, flow, liberty business, liberty networks liberty costa rica, liberty communication and Mas Movil. Its segments include C&W Caribbean, C&W Panam, Liberty Puerto Rico, Liberty Costa Rica and Liberty Networks. Its business products and services include enterprise-grade connectivity, data center, hosting and managed solutions, as well as information technology solutions with customers ranging from small and medium enterprises to international companies and governmental agencies. It is also focused on leveraging its full-service product suite to deliver fixed-mobile convergence offerings.

Growth and profitability

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	4,442	4,447	4,511	4,809	4,811	–
Revenue growth	−0.1%	−1.4%	−6.2%	−0.1%	27.2%	3.3%
EPS (basic, normalized)	−3.06	−3.31	−0.35	−0.79	−1.89	–
EPS growth	–	–	–	–	–	–
Gross margin	78.0%	77.8%	77.4%	74.8%	74.8%	76.5%
Net margin	−13.8%	−15.5%	−1.6%	−3.5%	−9.2%	−8.7%
ROE	−74.3%	−48.3%	−4.0%	−8.2%	−18.2%	−30.6%

Balance sheet, last quarter
Cash & short-term investments (mil)	714
Current ratio	1.19x
Long-term debt (mil)	8,026
Net debt (mil)	8,200
Total equity (mil)	528
Net debt / equity	15.53x
Net debt / EBITDA	5.03x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	4,442	−0.1%	2.2x	1,631	+1.3%	6.0x	−3.06	+7.6%	−2.8x
2026	4,320	−2.7%	2.3x	1,619	−0.8%	6.1x	−0.43	+85.9%	−19.6x
2027	4,644	+7.5%	2.1x	1,801	+11.3%	5.5x	0.04	+110.5%	187.6x
2028	4,748	+2.2%	2.1x	1,829	+1.5%	5.4x	0.61	+1,255.6%	13.8x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	4,320	0.0%	+0.2%	−0.1%	−0.43	0.0%	−30.3%	−79.2%
2027	4,644	0.0%	+0.5%	+0.1%	0.04	0.0%	−70.0%	−57.1%
2028	4,748	0.0%	−0.4%	−0.5%	0.61	0.0%	−3.2%	+52.5%

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	1,099	1,118	1,089	1,150	1,084	1,087	1,112	1,160	1,083	1,103
Sales mean (mil)	1,112	1,133	1,128	1,140	1,107	1,104	1,092	1,134	1,092	1,095
Surprise	−1.1%	−1.3%	−3.4%	+0.9%	−2.1%	−1.6%	+1.8%	+2.2%	−0.9%	+0.7%
EPS reported	0.00	−0.22	−2.22	−0.90	−0.69	−2.12	0.02	−0.27	−0.11	−0.13
EPS mean	−0.14	0.00	0.02	0.06	−0.07	−0.04	−0.07	−0.04	0.03	−0.01
Surprise	+100.0%	−29,433.3%	−10,798.8%	−1,587.6%	−855.0%	−4,611.1%	−130.8%	−575.0%	−466.7%	−1,200.0%

Peer comparison Telecommunications Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
LILA Liberty Latin America Ltd.	1.6B	5.03x	−13.8%	3.19x	−19.6x	187.6x	6.1x	5.5x
SPCX Space Exploration Technologies Corp	1.83T	–	−26.4%	10.35x	415.3x	38.5x	70.0x	15.2x
AMXB America Movil SAB de CV	73.3B	1.74x	8.8%	3.42x	13.4x	11.2x	5.3x	4.9x
VIV Telefonica Brasil, SA	18.4B	0.49x	10.3%	1.49x	14.3x	11.7x	4.0x	3.8x
TEF Telefonica SA	21.4B	–	−6.6%	1.29x	10.8x	8.5x	5.0x	4.8x
KKPNY Koninklijke KPN NV	18.3B	2.53x	13.8%	4.99x	16.3x	14.4x	8.1x	7.9x
Mean		2.45x	−2.3%	4.12x	75.1x	45.3x	16.4x	7.0x
Median		2.14x	1.1%	3.31x	13.9x	13.1x	5.7x	5.2x

Technical analysis

1M−0.6%
3M+1.6%
1Y+55.4%
3Y+86.1%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Liberty Latin America Ltd., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	4,442	4,447	4,511	4,809	4,811	3,782
Cost of revenue	976	989	1,020	1,210	1,214	860
Gross profit	3,466	3,457	3,491	3,598	3,597	2,922
Selling, general & administrative expenses	75.0	84.0	88.7	93.5	–	97.5
Research & development	–	–	–	–	–	–
Depreciation/amortization	905	968	1,008	911	965	919
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	633	595	90.8	409	722	420
Other operating expenses	1,760	1,892	1,789	1,888	1,903	1,444
Operating income	93.8	−82.3	514	297	6.6	41.6
Net interest income (expense)	−719	−564	−566	−392	−283	−885
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	−27.5	−13.7	−10.6	−28.4	−41.7	5.1
Net income before taxes	−653	−660	−62.4	−123	−318	−838
Provision for taxes	−98.5	−0.2	24.4	84.8	173	−29.2
Minority interest	−56.9	−29.7	13.2	37.1	50.0	122
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	−611	−689	−73.6	−171	−441	−687
Extraordinary items	–	–	–	–	–	–
Net income	−611	−689	−73.6	−171	−441	−687
EBIT, normalized	726	513	605	706	729	462
EBITDA, normalized	1,631	1,482	1,613	1,617	1,693	1,381
Basic EPS, normalized	−3.06	−3.31	−0.35	−0.79	−1.89	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Liberty Latin America Ltd., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	784	654	989	781	957	894
Receivables	911	901	903	803	705	636
Total inventory	–	–	–	–	–	–
Prepaid expenses	79.8	79.8	68.8	65.1	67.7	63.8
Other current assets	472	480	451	430	322	353
Total current assets	2,246	2,115	2,412	2,079	2,052	1,948
Property, plant & equipment	4,318	4,544	4,681	4,844	4,609	5,080
Goodwill	3,008	2,981	3,483	3,421	3,948	4,886
Intangibles	1,680	2,228	2,134	2,281	2,381	2,324
Long-term investments	–	–	–	–	–	–
Note receivable	185	149	142	107	86.0	–
Other long-term assets	789	767	742	843	2,289	839
Total assets	12,226	12,784	13,595	13,575	15,366	15,076
Liabilities
Accounts payable	385	442	424	525	398	425
Payable/accrued	–	–	–	–	–	–
Accrued expenses	348	318	934	828	862	827
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	409	466	582	227	106	162
Other current liabilities	837	834	192	194	148	285
Total current liabilities	1,978	2,060	2,133	1,774	1,514	1,699
Long-term debt	7,870	7,614	7,598	7,654	7,460	8,195
Minority interest	508	505	546	638	677	729
Other liabilities	1,314	1,516	1,554	1,591	3,494	1,842
Total liabilities	11,670	11,695	11,831	11,656	13,146	12,465
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	2.5	2.4	2.4	2.4	2.3	2.3
Additional paid-in capital	5,369	5,316	5,262	5,177	5,075	4,982
Retained earnings (accumulated deficit)	−4,242	−3,631	−2,942	−2,868	−2,694	−2,238
Treasury stock	−449	−444	−361	−243	−74.0	−9.5
Other equity	−125	−154	−198	−149	−89.7	−126
Total equity	556	1,089	1,764	1,919	2,220	2,611
Total liabilities & shareholders' equity	12,226	12,784	13,595	13,575	15,366	15,076

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Liberty Latin America Ltd., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	−554	−627	−86.8	−202	−490	−809
Depreciation, depletion & amortization	905	968	1,008	911	965	915
Deferred taxes	−239	−129	–	−6.7	104	−65.1
Non-cash items	731	584	53.6	348	608	808
Changes in working capital	−37.1	−39.4	−78.1	−181	−171	−208
Cash from operations	806	756	897	869	1,016	640
Investing activities
Capital expenditures	−500	−540	−585	−660	−736	−566
Other investing cash flows	−92.3	−148	−30.8	−462	−532	−1,885
Cash from investing	−592	−688	−616	−1,123	−1,269	−2,451
Financing activities
Financing cash flow items	−114	−46.1	−81.0	80.3	−127	54.0
Cash dividends paid	–	–	–	–	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	70.7	−340	18.6	−110	554	217
Cash from financing	−43.6	−386	−62.4	−29.2	427	271
Foreign exchange effects	−40.3	−10.9	−7.9	−2.3	−12.5	−4.9
Net change in cash	130	−330	211	−285	162	−1,544
Free cash flow	306	216	312	209	280	74.3

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.