Rogers Communications Inc. (RCI) 10-Year Financial Performance & Capital Metrics

RCI • • Utilities

Communication ServicesTelecom ServicesIntegrated Telecommunications ProvidersInternational Telecom Giants

AboutRogers Communications Inc. operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The company offers mobile Internet access, wireless voice and enhanced voice, device and accessory financing, wireless home phone, device protection, e-mail, global voice and data roaming, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device delivery services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands to approximately 11.3 million subscribers. It also provides Internet and WiFi services; smart home monitoring services, such as monitoring, security, automation, energy efficiency, and smart control through a smartphone app. In addition, the company offers local and network TV; on-demand television; cloud-based digital video recorders; voice-activated remote controls, and integrated apps; personal video recorders; linear and time-shifted programming; digital specialty channels; 4K television programming; and televised content on smartphones, tablets, and personal computers, as well as operates Ignite TV and Ignite TV app. Further, it provides residential and small business local telephony services; calling features, such as voicemail, call waiting, and long distance; voice, data networking, Internet protocol, and Ethernet services; private networking, Internet, IP voice, and cloud solutions; optical wave and multi-protocol label switching services; IT and network technologies; and cable access network services. The company also owns Toronto Blue Jays and the Rogers Centre event venue; and operates Sportsnet ONE, Sportsnet 360, Sportsnet World, Citytv, OMNI, FX (Canada), FXX (Canada), and OLN television networks, as well as 55 AM and FM radio stations. The company was founded in 1960 and is headquartered in Toronto, Canada.Show more

Revenue $20.6B +6.7%
EBITDA $9.68B +11.9%
Net Income $1.73B +104.2%
Free Cash Flow $1.51B +110.1%
EBITDA Margin 46.99% +4.9%
Net Margin 8.42% +91.4%
ROE 16.64% +101.2%
Interest Coverage 2.19 +1.4%
Debt/Equity 4.58 +5.8%
Net Debt/EBITDA 4.83 -5.9%
CapEx / Revenue 20.25% -80.6%
CapEx Coverage 1.36 +426.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Healthy dividend yield of 3.9%

✗Weaknesses

✗High debt to equity ratio of 4.6x

Price & Volume

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Growth Metrics

Revenue CAGR

10Y4.83%

5Y12.13%

3Y12.03%

TTM2.75%

Profit (Net Income) CAGR

10Y2.6%

5Y1.94%

3Y3.63%

TTM348.74%

EPS CAGR

10Y2.26%

5Y-4.27%

3Y1.39%

TTM344.48%

ROCE

10Y Avg11.22%

5Y Avg9.11%

3Y Avg8.79%

Latest8.39%

Peer Comparison

International Telecom Giants

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BCEBCE Inc.	22.12B	23.72	131.78	-1.07%	25.87%	27.83%	11.57%	2.21
RCIRogers Communications Inc.	15.3B	35.66	11.14	6.71%	32.11%	28.56%	9.86%	4.58
VEONVEON Ltd.	3.69B	53.42	9.32	8.27%	15.24%	39.1%	14.19%	3.73
AMXAmérica Móvil, S.A.B. de C.V.	61.64B	20.46	2.76	6.52%	7.78%	16.15%	100%	1.81
SIFYSify Technologies Limited	936.21M	12.94	-1.03	11.93%	-2.72%	-5.57%		1.96
VODVodafone Group Public Limited Company	30.91B	13.18	-8.24	1.99%	-4.08%	-5.2%	28.06%	0.99

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	13.41B	13.7B	14.37B	15.1B	11.62B	13.92B	14.65B	15.4B	19.31B	20.6B
Revenue Growth %	0.04%	0.02%	0.05%	0.05%	-0.23%	0.2%	0.05%	0.05%	0.25%	0.07%
Cost of Revenue	8.44B	8.67B	8.87B	9.11B	8.75B	8.06B	8.77B	9B	10.73B	10.99B
Gross Profit+	4.98B	5.03B	5.5B	5.98B	2.87B	5.86B	5.89B	6.39B	8.58B	9.62B
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	-0%	0.01%	0.09%	0.09%	-0.52%	1.04%	0.01%	0.09%	0.34%	0.12%
Operating Expenses+	4.98B	5.03B	5.5B	5.98B	0	5.86B	2.58B	2.58B	4.12B	4.61B
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	5.06B	5.1B	5.57B	6.04B	4.85B	5.71B	5.96B	6.45B	8.65B	9.68B
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	0%	0.01%	0.09%	0.09%	-0.2%	0.18%	0.04%	0.08%	0.34%	0.12%
Depreciation & Amortization+	2.36B	2.35B	2.21B	2.27B	1.98B	2.69B	2.65B	2.64B	4.19B	4.68B
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	2.7B	2.75B	3.36B	3.77B	2.87B	0	3.3B	3.82B	4.46B	5B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.05%	0.02%	0.22%	0.12%	-0.24%	-1%	-	0.16%	0.17%	0.12%
Interest Expense+	740.09M	760.57M	752.85M	707.75M	831.06M	859.94M	837.32M	1.22B	2.06B	2.28B
Interest Coverage	3.65x	3.62x	4.46x	5.33x	3.46x	-	3.94x	3.12x	2.16x	2.19x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	-1000K	-1000K	-1000K	-1000K	-1000K	1000K	-1000K	-1000K	-1000K	-1000K
Pretax Income+	1.82B	1.16B	2.53B	2.82B	2.12B	2.17B	2.13B	2.29B	1.37B	2.31B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	477M	324M	685M	758M	549.06M	580M	569M	609M	517M	572M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	1.34B	835M	1.84B	2.06B	1.58B	1.59B	1.56B	1.68B	849M	1.73B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0%	-0.38%	1.21%	0.12%	-0.23%	0.01%	-0.02%	0.08%	-0.49%	1.04%
EPS (Diluted)+	2.60	1.62	3.57	4.00	3.98	3.13	3.07	3.32	1.62	3.20
EPS Growth %	0.02%	-0.38%	1.2%	0.12%	-0.01%	-0.21%	-0.02%	0.08%	-0.51%	0.98%
EPS (Basic)	2.61	1.62	3.58	4.00	3.99	3.15	3.09	3.33	1.62	3.25
Diluted Shares Outstanding	517M	515M	515M	515M	513M	506M	506M	506M	524M	536M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	29.18B	28.34B	28.86B	31.92B	37.02B	38.85B	41.96B	55.66B	69.28B	71.41B
Asset Growth %	0.1%	-0.03%	0.02%	0.11%	0.16%	0.05%	0.08%	0.33%	0.24%	0.03%
PP&E (Net)+	11B	10.75B	11.14B	11.78B	13.93B	14.02B	14.67B	15.57B	24.33B	25.07B
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	2.62B	2.57B	2.97B	4.89B	5.12B	6.93B	5.83B	19.28B	7.83B	8.37B
Cash & Equivalents	11M	-91M	-421M	405M	494M	2.48B	715M	463M	800M	898M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	318M	315M	313M	466M	460M	479M	535M	438M	456M	641M
Other Current Assets	303M	768M	1.07B	436M	625M	577M	497M	13.18B	1.02B	881M
Long-Term Investments	2.27B	2.17B	2.56B	2.13B	2.83B	2.54B	2.49B	2.09B	1.17B	615M
Goodwill	3.89B	3.9B	3.9B	3.9B	3.92B	3.97B	4.02B	4.03B	16.28B	16.28B
Intangible Assets	7.24B	7.13B	7.24B	7.21B	8.9B	8.93B	12.28B	12.25B	17.9B	17.86B
Other Assets	2.14B	1.81B	1.03B	132M	275M	346M	385M	2.43B	1.77B	3.21B
Total Liabilities	23.43B	23.07B	22.52B	23.74B	27.6B	29.28B	31.43B	45.56B	58.84B	61.01B
Total Debt+	17.67B	16.95B	16.04B	16.55B	19.93B	21.26B	22.84B	36.75B	45.2B	47.63B
Net Debt	17.66B	17.04B	16.46B	16.14B	19.44B	18.77B	22.13B	36.28B	44.4B	46.73B
Long-Term Debt	15.87B	15.33B	12.69B	13.39B	15.97B	16.75B	17.14B	29.91B	39.76B	38.2B
Short-Term Borrowings	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Capital Lease Obligations	0	0	0	1.54B	1.73B	1.83B	1.96B	2.03B	2.59B	2.78B
Total Current Liabilities+	5.02B	5.11B	6.82B	6.84B	5.96B	6.59B	8.62B	9.55B	8.78B	12.61B
Accounts Payable	2.5B	2.47B	2.71B	3.05B	2.81B	2.21B	3.15B	3.55B	4.04B	4.06B
Accrued Expenses	0	0	0	-190M	221M	509M	265M	169M	0	0
Deferred Revenue	388M	367M	346M	233M	224M	0	394M	400M	0	800M
Other Current Liabilities	228M	834M	762M	29M	191M	579M	607M	252M	1.38B	482M
Deferred Taxes	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Liabilities	2.12B	1.95B	2.65B	-1.31B	614M	1.12B	563M	730M	1.57B	1.45B
Total Equity+	5.75B	5.27B	6.35B	8.18B	9.42B	9.57B	10.53B	10.09B	10.44B	10.4B
Equity Growth %	0.05%	-0.08%	0.2%	0.29%	0.15%	0.02%	0.1%	-0.04%	0.03%	-0%
Shareholders Equity	5.75B	5.27B	6.35B	8.18B	9.42B	9.57B	10.53B	10.09B	10.44B	10.4B
Minority Interest	0	0	0	0	0	0	0	0	0	0
Common Stock	474M	477M	477M	477M	468M	468M	468M	468M	1.99B	2.32B
Additional Paid-in Capital	0	0	0	0	0	0	0	0	0	0
Retained Earnings	4.58B	4.25B	4.92B	7.18B	7.42B	7.92B	8.91B	9.82B	9.84B	10.63B
Accumulated OCI	688M	545M	945M	520M	1.53B	1.19B	1.15B	-192M	-1.39B	-2.55B
Return on Assets (ROA)	0.05%	0.03%	0.06%	0.07%	0.05%	0.04%	0.04%	0.03%	0.01%	0.02%
Return on Equity (ROE)	0.24%	0.15%	0.32%	0.28%	0.18%	0.17%	0.15%	0.16%	0.08%	0.17%
Debt / Equity	3.08x	3.22x	2.53x	2.02x	2.12x	2.22x	2.17x	3.64x	4.33x	4.58x
Debt / Assets	0.61%	0.6%	0.56%	0.52%	0.54%	0.55%	0.54%	0.66%	0.65%	0.67%
Net Debt / EBITDA	3.49x	3.34x	2.96x	2.67x	4.01x	3.29x	3.72x	5.62x	5.13x	4.83x
Book Value per Share	11.11	10.23	12.32	15.88	18.35	18.92	20.81	19.94	19.92	19.41

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	3.75B	3.96B	3.94B	4.29B	4.53B	4.32B	4.16B	4.49B	5.22B	5.68B
Operating CF Growth %	0.01%	0.06%	-0%	0.09%	0.06%	-0.05%	-0.04%	0.08%	0.16%	0.09%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	1.38B	835M	1.71B	2.06B	2.04B	1.59B	1.56B	1.68B	849M	1.73B
Depreciation & Amortization	2.36B	2.35B	2.21B	2.27B	2.56B	2.69B	2.65B	2.64B	4.19B	4.68B
Deferred Taxes	466M	324M	635M	758M	712M	0	569M	609M	517M	572M
Other Non-Cash Items	-217M	376M	-521M	472M	-759M	271M	-774M	-424M	291M	-429M
Working Capital Changes	-302M	14M	-154M	-114M	-138M	-333M	37M	-152M	-627M	-876M
Capital Expenditures+	-3.77B	-2.4B	-2.5B	-2.84B	-4.61B	-2.37B	-6.13B	-3.12B	-20.2B	-4.17B
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-3.77B	-2.46B	-2.63B	-2.94B	-4.61B	-2.56B	-6.13B	-3.26B	-20.2B	-4.46B
Acquisitions	-1.08B	0	-184M	0	-1.73B	-103M	-3.4B	-9M	-16.21B	-475M
Purchase of Investments	0	0	0	0	0	0	0	0	0	0
Sale of Investments	0	0	0	0	0	0	0	0	0	0
Other Investing	-186M	-58M	49M	-100M	-14M	-86M	113M	-132M	131M	192M
Cash from Financing+	-145M	-1.58B	-1.24B	-933M	175M	227M	203M	11.36B	2.48B	-1.13B
Dividends Paid	-977M	-988M	-988M	-988M	-1.02B	-1.01B	-1.01B	-1.01B	-960M	-739M
Dividend Payout Ratio %	0.73%	1.18%	0.54%	0.48%	0.64%	0.64%	0.65%	0.6%	1.13%	0.43%
Debt Issuance (Net)	1000K	-1000K	-1000K	-1000K	1000K	1000K	1000K	1000K	1000K	-1000K
Stock Issued	0	0	0	0	0	0	0	0	0	0
Share Repurchases	0	0	0	0	-655M	0	0	0	0	0
Other Financing	120M	-57M	-79M	370M	-201M	57M	-39M	-737M	208M	55M
Net Change in Cash+	-165M	-82M	65M	411M	89M	1.99B	-1.77B	12.59B	-12.5B	98M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	176M	11M	-71M	-6M	405M	494M	2.48B	715M	13.3B	800M
Cash at End	11M	-71M	-6M	405M	494M	2.48B	715M	13.3B	800M	898M
Free Cash Flow+	-20M	1.56B	1.44B	1.44B	-86M	1.95B	-1.97B	1.37B	-14.98B	1.51B
FCF Growth %	0.99%	78.95%	-0.07%	0%	-1.06%	23.7%	-2.01%	1.7%	-11.93%	1.1%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	23.91%	15.16%	31.77%	28.35%	17.91%	16.77%	15.5%	16.29%	8.27%	16.64%
EBITDA Margin	37.75%	37.24%	38.74%	40.02%	41.72%	41.04%	40.63%	41.92%	44.81%	46.99%
Net Debt / EBITDA	3.49x	3.34x	2.96x	2.67x	4.01x	3.29x	3.72x	5.62x	5.13x	4.83x
Interest Coverage	3.65x	3.62x	4.46x	5.33x	3.46x	-	3.94x	3.12x	2.16x	2.19x
CapEx / Revenue	28.08%	17.5%	17.36%	18.84%	39.68%	17.02%	41.85%	20.28%	104.62%	20.25%
Dividend Payout Ratio	72.8%	118.32%	53.55%	47.98%	64.49%	63.51%	64.83%	60.12%	113.07%	42.62%
Debt / Equity	3.08x	3.22x	2.53x	2.02x	2.12x	2.22x	2.17x	3.64x	4.33x	4.58x
EPS Growth	1.56%	-37.69%	120.37%	12.04%	-0.5%	-21.36%	-1.92%	8.14%	-51.2%	97.53%

Revenue by Segment

	2024
Service Revenue	18.07B
Service Revenue Growth	-
Equipment Sales	2.54B
Equipment Sales Growth	-

Frequently Asked Questions

Valuation & Price

Rogers Communications Inc. (RCI) has a price-to-earnings (P/E) ratio of 11.1x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Rogers Communications Inc. (RCI) reported $21.02B in revenue for fiscal year 2024. This represents a 70% increase from $12.35B in 2011.

Rogers Communications Inc. (RCI) grew revenue by 6.7% over the past year. This is steady growth.

Yes, Rogers Communications Inc. (RCI) is profitable, generating $6.75B in net income for fiscal year 2024 (8.4% net margin).

Dividend & Returns

Yes, Rogers Communications Inc. (RCI) pays a dividend with a yield of 3.87%. This makes it attractive for income-focused investors.

Rogers Communications Inc. (RCI) has a return on equity (ROE) of 16.6%. This is reasonable for most industries.

Rogers Communications Inc. (RCI) had negative free cash flow of $1.81B in fiscal year 2024, likely due to heavy capital investments.

Industry Metrics

Rogers Communications Inc. (RCI) has a dividend payout ratio of 43%. This suggests the dividend is well-covered and sustainable.

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