New Street Research - Liberty Latin America Ltd (LILA) New Street: LILA (Buy, TP: $15, +80%) Wireless pressure in Puerto Rico builds, big FCF coming (and needed) in Q4

Report

New Street Research

Eduardo Henrique Gomes ...

Soomit Datta

EUR 9179.00 For Business Accounts Only

New Street: LILA (Buy, TP: $15, +80%) Wireless pressure in Puerto Rico builds, big FCF coming (and needed) in Q4

Liberty LA reported Q3s after close.

09/11/2022 1 EN

Underlying

Liberty Latin America Ltd

See profile

Provider

New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
US Telecoms, Cable, Satellite and Towers
Global Emerging Market Telecoms
Japan Telecoms
Asian Internet
Pan European Healthcare
Global healthcare thematic research

We provide debt research on:

Pan European Telecom Services and Cable

See profile

Analysts

Eduardo Henrique Gomes

Soomit Datta

Other Reports on these Companies

New Street Research

Liberty LA (Buy, TP: $13, +50%) Liberty LA - Confidence in FCF grows, buy-back squeezing yield higher

Updating estimates for Q1 we feel much better about hitting expectations for the FCF turnaround. CEO Balan Nair was sounding upbeat on the earnings call about hitting the $45m of monthly EBITDA in Puerto Rico, in our view (crucial to group FCF improvement), and we look at how to bridge that outlook from the reported Q1 number. We push up 2025 Puerto Rico EBITDA.

EUR 9179.00

May 13, 2024 May 13, 2024 1 EN

New Street Research

AMX US (Buy, TP: $27, +23%) LILA US (Buy, TP: $14 (from $15), +85%) AMX/LILA - Chile shareholder loans: Still no positive Equity value, AMX set to take control

VTR in Chile has disclosed the contribution of a convertible shareholder loan of $600m for AMX and LILA’s Chilean JV (ClaroVTR). It’s not clear that LILA has contributed its pro rata share (we’ll know at the Q2s) and the release suggests that conversion of the loans might not be in proportion to current equity levels (50/50) paving the way we think for AMX to take control of the JV over time.

EUR 9179.00

May 31, 2023 May 31, 2023 1 EN

New Street Research

LILA (Buy, TP: $15, +80%) Liberty LA - OK start, more to do through 2023

Liberty LA reported Q1s after close. Numbers were in-line at revenue and a touch ahead of us at EBITDA, with a slight sequential recovery in Puerto Rico margins and better profitability in Costa Rica offsetting (ongoing) weakness in Panama.

EUR 9179.00

May 9, 2023 May 9, 2023 1 EN

Bible 1Q24 – Foundries: leading-edge strong; Trailing-edge correction playing out.

Today, we are publishing the Foundries section of our 23rd Tech Infrastructure Quarterly Bible. The Tech Bible is a must-read for any tech investor, as it summarizes the quarterly earnings reports from the over 130 companies we track, providing an update on our key perspectives and convictions. In the coming weeks we will publish sections on Automotive, Cloud Infrastructure, Telecom Equipment, Industrials, PCs, Enterprise IT, Ride sharing & Delivery, and Semicap Equipment. In the foundry market, leading-edge demand remains strong, driven primarily by AI infrastructure. The outlook for the tra...

21h / 42m 21h / 42m 1 EN

Chris Hoare

Chris Hoare

VEON (Buy, TP: $40, +55%) Thoughts after the call

VEON hosted a call post Q1 earnings.

EUR 9179.00

22h / 16m 22h / 16m 1 EN

Dan Salmon

Dan Salmon

Reddit (RDDT, Neutral, $54 target) Data licensing tracking our base case after OpenAI deal

RDDT and OpenAI announced their long-awaited partnership (OpenAI CEO Sam Altman was an early investor in RDDT and owned 9% pre-IPO). We don't think the deal is a surprise to the buyside, and our model assumed OpenAI was added before the end of 3Q24.

EUR 9179.00

22h / 25m 22h / 25m 1 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

New Street: LILA (Buy, TP: $15, +80%) Wireless pressure in Puerto Rico builds, big FCF coming (and needed) in Q4

Liberty LA (Buy, TP: $13, +50%) Liberty LA - Confidence in FCF grows, buy-back squeezing yield higher

AMX US (Buy, TP: $27, +23%) LILA US (Buy, TP: $14 (from $15), +85%) AMX/LILA - Chile shareholder loans: Still no positive Equity value, AMX set to take control

LILA (Buy, TP: $15, +80%) Liberty LA - OK start, more to do through 2023

Bible 1Q24 – Foundries: leading-edge strong; Trailing-edge correction playing out.

VEON (Buy, TP: $40, +55%) Thoughts after the call

Reddit (RDDT, Neutral, $54 target) Data licensing tracking our base case after OpenAI deal

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe