Comcast Stock At 36% Discount, Worth Buying?

Core Viewpoint - Comcast (CMCSA) presents a stable investment opportunity due to its steady profits, strong cash flows, and discounted valuation despite not being a high-growth story [2][3]. Financial Metrics - Comcast achieved a revenue growth of 1.3% over the last twelve months (LTM) and 0.9% over the last three-year average, indicating a lack of a strong growth narrative [7]. - The company reported an operating cash flow margin of nearly 22.8% and an operating margin of 18.7% for LTM, with long-term averages of approximately 22.9% and 19.0% respectively [7]. - CMCSA stock is currently offered at a price-to-sales (P/S) multiple of 0.9, representing a 36% discount compared to the previous year [7]. Market Position - Comcast operates as a global media and technology firm, providing a range of services including cable communications, television and streaming, film studios, theme parks, and international media solutions [3]. - The stock has shown average 12-month forward returns of approximately 19% and a win rate of around 72% for selections yielding positive returns [8]. Historical Performance - The stock has experienced significant declines in the past, including a 44% drop during the Dot-Com Bubble and a 62% decline during the Global Financial Crisis, highlighting the inherent risks despite its advantages [9].