Verizon Communications Inc Stock Research

Market Summary

USD35.00+0.18

Market Closed

0.52%

VZ Stock Price

VZ RSI Chart

VZ Valuation

Market Cap

147.2B

Price/Earnings (Trailing)

6.82

Price/Sales (Trailing)

1.08

EV/EBITDA

5.73

Price/Free Cashflow

3.81

VZ Price/Sales (Trailing)

VZ Profitability

EBT Margin

20.66%

Return on Equity

22.99%

Return on Assets

5.6%

Free Cashflow Yield

26.22%

VZ Fundamentals

VZ Revenue

Revenue (TTM)

136.2B

Revenue Y/Y

-1.91%

Revenue Q/Q

-6.64%

VZ Earnings

Earnings (TTM)

21.6B

Earnings Y/Y

7.18%

Earnings Q/Q

-25.36%

Price Action

52 Week Range

32.7950.68

(Low)(High)

Last 7 days

-2.9%

Last 30 days

-5.2%

Last 90 days

-9.6%

Trailing 12 Months

-29.3%

VZ Financial Health

Current Ratio

0.75

Debt/Equity

1.52

Debt/Cashflow

0.26

VZ Investor Care

Dividend Yield

7.39%

Dividend/Share (TTM)

2.59

Shares Dilution (1Y)

0.14%

Diluted EPS (TTM)

5.15

Peers (Alternatives to Verizon Communications)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
TMUS	162.8B	79.1B	-8.85%	1.82%	42.66	2.06	-1.73%	36.13%
VZ	147.2B	136.2B	-5.20%	-29.33%	6.82	1.08	1.41%	0.86%
T	141.6B	121.2B	-9.88%	-25.03%	-16.61	1.17	-5.24%	-152.51%
CHTR	50.0B	54.5B	3.00%	-34.32%	9.79	0.92	4.04%	-1.50%
SIRI	13.7B	9.0B	-3.29%	-43.35%	12.04	1.53	1.54%	-19.02%
MID-CAP
IRDM	7.6B	758.1M	-3.87%	64.28%	485.2	10.03	19.16%	1294.59%
CCOI	3.1B	604.0M	-4.66%	9.65%	594.75	5.07	2.00%	-89.32%
GSAT	1.9B	174.4M	22.18%	-9.68%	-7.22	12.49	33.99%	-147.98%
SMALL-CAP
IDT	776.0M	1.3B	-7.82%	10.30%	16.29	0.6	-12.12%	-40.52%
ATEX	609.7M	618.0K	0.97%	-23.05%	-14.22	986.49	364.66%	-14.53%
ATNI	604.3M	739.5M	-0.31%	-13.44%	-79.7	0.82	13.73%	63.56%
CNSL	428.1M	1.2B	-3.93%	-42.02%	2.41	0.37	-7.21%	202.68%
BAND	356.5M	579.6M	-3.59%	-44.43%	18.22	0.62	13.92%	203.93%
OOMA	323.5M	-	5.46%	-9.38%	-88.51	1.6	12.95%	-108.74%

Financials for Verizon Communications

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	-0.5%	136,193	136,835	135,651	134,325	134,300
S&GA Expenses	1.1%	30,470	30,136	29,502	28,601	28,429
Costs and Expenses	-0.4%	105,938	106,368	104,801	102,464	101,826
EBITDA	7.0%	48,983	45,783	47,138	47,863	-
EBITDA Margin	6.1%	0.36*	0.34*	0.35*	0.36*	-
Earnings Before Taxes	1.5%	28,688	28,271	25,604	27,458	28,425
EBT Margin	9.5%	0.21*	0.19*	0.20*	0.21*	-
Interest Expenses	11.7%	4,034	3,613	3,247	3,111	3,170
Net Income	1.5%	21,585	21,256	19,292	20,799	21,400
Net Income Margin	9.2%	0.16*	0.14*	0.15*	0.16*	-
Free Cahsflow	1.5%	37,141	36,576	36,766	36,666	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	-0.5%	377,716	379,680	375,090	370,147	365,716
Current Assets	-5.6%	35,722	37,857	39,746	37,499	35,580
Cash Equivalents	-14.2%	2,234	2,605	2,082	1,857	3,232
Inventory	-0.3%	2,381	2,388	3,133	3,646	3,659
Net PPE	-0.4%	106,987	107,434	103,004	101,310	99,843
Goodwill	0.0%	28,674	28,671	28,548	28,638	28,629
Liabilities	73.0%	7,856	4,541	-	-	-
Current Liabilities	-4.8%	47,768	50,171	53,141	49,224	46,585
Long Term Debt	0.1%	140,772	140,676	132,912	136,184	139,961
LT Debt, Current	21.3%	12,081	9,963	14,995	12,873	13,421
Shareholder's Equity	1.9%	94,219	92,463	88,783	87,357	85,175
Retained Earnings	2.6%	84,543	82,380	78,545	76,401	73,891
Additional Paid-In Capital	0.8%	13,523	13,420	13,467	13,872	13,874
Accumulated Depreciation	1.6%	203,532	200,255	197,866	195,390	192,725
Shares Outstanding	0.1%	4,207	4,202	4,201	4,201	-
Minority Interest	1.3%	1,336	1,319	1,315	1,341	1,413

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	4.0%	38,609	37,141	36,576	36,766	36,666
Cashflow From Investing	6.6%	-26,777	-28,662	-33,455	-27,408	-25,495
Cashflow From Financing	-30.8%	-11,157	-8,529	-10,645	-12,110	-19,434
Dividend Payments	0.8%	10,895	10,805	10,714	10,625	10,498

Risks for VZ

What is the probability of a big loss on VZ?

15%

Probability that Verizon Communications stock will be more than 20% underwater in next one year

10.8%

Probability that Verizon Communications stock will be more than 30% underwater in next one year.

Probability that Verizon Communications stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does VZ drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Verizon Communications was unfortunately bought at previous high price.

Drawdowns

Returns for VZ

Cumulative Returns on VZ

0.6%

10-Year Cumulative Returns

-1.0%

7-Year Cumulative Returns

-2.4%

5-Year Cumulative Returns

-10.1%

3-Year Cumulative Returns

What are the long-term rolling returns for VZ?

FIve years rolling returns for Verizon Communications.

Annualized Returns

Which funds bought or sold VZ recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-24	Verity Asset Management, Inc.	added	12.52	49,019	492,485	0.29%
2023-05-24	Old North State Trust, LLC	reduced	-1.95	-38,000	1,150,000	0.80%
2023-05-23	Brookfield Corp /ON/	added	33.21	189,161	790,011	-%
2023-05-23	3Chopt Investment Partners, LLC	new	-	2,136,510	2,136,510	1.14%
2023-05-23	MOUNTAIN PACIFIC INVESTMENT ADVISERS INC/ID	reduced	-34.84	-116,303	209,617	0.01%
2023-05-23	Toroso Investments, LLC	added	66.21	5,298,000	13,570,000	0.23%
2023-05-23	Front Row Advisors LLC	reduced	-6.18	-72,000	897,000	0.43%
2023-05-22	UNIVERSITY OF TEXAS/TEXAS AM INVESTMENT MANAGMENT CO	sold off	-100	-39,000	-	-%
2023-05-22	Arete Wealth Advisors, LLC	added	0.51	-2,363,830,000	2,347,000	0.19%
2023-05-22	PUTNAM INVESTMENTS LLC	reduced	-16.46	-5,194,050	24,413,300	0.04%

Latest Funds Activity

Are funds buying VZ calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own VZ

No. of Funds

Verizon Communications News

Schedule 13G FIlings of Verizon Communications

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	8.44%	354,645,505	SC 13G/A
Feb 03, 2023	blackrock inc.	7.9%	331,023,068	SC 13G/A
Feb 09, 2022	vanguard group inc	7.66%	321,650,268	SC 13G/A
Feb 03, 2022	blackrock inc.	7.0%	290,740,893	SC 13G/A
Feb 10, 2021	vanguard group inc	7.88%	325,949,036	SC 13G/A
Feb 01, 2021	blackrock inc.	7.2%	298,750,519	SC 13G/A
Feb 12, 2020	vanguard group inc	7.93%	328,323,017	SC 13G/A
Feb 06, 2020	blackrock inc.	7.7%	317,231,674	SC 13G/A

VZ Fair Value

Recent SEC filings of Verizon Communications

View All Filings

Date Filed	Form Type	Document
May 25, 2023	4	Insider Trading
May 23, 2023	144	Notice of Insider Sale Intent
May 22, 2023	424B2	Prospectus Filed
May 16, 2023	8-K	Current Report
May 15, 2023	424B2	Prospectus Filed
May 15, 2023	424B2	Prospectus Filed
May 15, 2023	4	Insider Trading
May 15, 2023	4	Insider Trading
May 15, 2023	4	Insider Trading
May 15, 2023	4	Insider Trading

Latest Insider Trading transactions for VZ

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-04-10	Silliman Craig L.	sold	-130,961	39.21	-3,340	evp&pres.-vz global services
2023-03-27	Silliman Craig L.	sold	-126,996	38.00	-3,342	evp&pres.-vz global services
2023-03-15	Malady Kyle	sold	-228,432	36.69	-6,226	evp and group ceo-vz business
2023-03-14	Malady Kyle	sold	-277,240	36.74	-7,546	evp and group ceo-vz business
2023-03-13	Malady Kyle	sold	-262,764	36.5	-7,199	evp and group ceo-vz business
2023-03-02	Qureshi Rima	sold (taxes)	-238,987	38.41	-6,222	evp & chief strategy officer
2023-03-02	Malady Kyle	sold (taxes)	-228,002	38.41	-5,936	evp and group ceo-vz business
2023-03-02	Russo Joseph J.	sold (taxes)	-22,700	38.41	-591	evp&pres-global networks&tech
2023-03-02	Silliman Craig L.	sold (taxes)	-240,677	38.41	-6,266	evp&pres.-vz global services
2023-03-02	Vestberg Hans Erik	sold (taxes)	-764,397	38.41	-19,901	chairman and ceo

About Verizon Communications

Hans E. Vestberg

www.verizon.com

65535

Verizon Communications Inc., through its subsidiaries, offers communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. Its Consumer segment provides postpaid and prepaid service plans; internet access on notebook computers and tablets; wireless equipment, including smartphones and other handsets; and wireless-enabled internet devices, such as tablets, and other wireless-enabled connected devices comprising smart watches. It also provides residential fixed connectivity solutions, such as internet, video, and voice services; and sells network access to mobile virtual network operators. As of December 31, 2021, it had approximately 115 million wireless retail connections, 7 million wireline broadband connections, and 4 million Fios video connections. The company's Business segment provides network connectivity products, including private networking, private cloud connectivity, virtual and software defined networking, and internet access services; and internet protocol-based voice and video services, unified communications and collaboration tools, and customer contact center solutions. This segment also offers a suite of management and data security services; domestic and global voice and data solutions, such as voice calling, messaging services, conferencing, contact center solutions, and private line and data access networks; customer premises equipment; installation, maintenance, and site services; and Internet of Things products and services. As of December 31, 2021, it had approximately 27 million wireless retail postpaid connections and 477 thousand wireline broadband connections. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was incorporated in 1983 and is headquartered in New York, New York.

VZ Income Statement

2023-03-31

Condensed Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Operating Revenues
Operating Revenues	$ 32,912	$ 33,554
Operating Expenses
Selling, general and administrative expense	7,506	7,172
Depreciation and amortization expense	4,318	4,236
Total Operating Expenses	25,328	25,758
Operating Income	7,584	7,796
Equity in earnings (losses) of unconsolidated businesses	9	(3)
Other income (expense), net	114	(924)
Interest expense	(1,207)	(786)
Income Before Provision For Income Taxes	6,500	6,083
Provision for income taxes	(1,482)	(1,372)
Net Income	5,018	4,711
Net income attributable to noncontrolling interests	109	131
Net income attributable to Verizon	4,909	4,580
Net Income	$ 5,018	$ 4,711
Basic Earnings Per Common Share
Net income attributable to Verizon (USD per share)	$ 1.17	$ 1.09
Weighted-average shares outstanding (in shares)	4,207	4,201
Diluted Earnings Per Common Share
Net income attributable to Verizon (USD per share)	$ 1.17	$ 1.09
Weighted-average shares outstanding (in shares)	4,211	4,202
Service revenues and other
Operating Revenues
Operating Revenues	$ 27,152	$ 27,218
Wireless equipment
Operating Revenues
Operating Revenues	5,760	6,336
Operating Expenses
Cost of services and equipment	6,426	7,123
Service
Operating Expenses
Cost of services and equipment	$ 7,078	$ 7,227

VZ Balance Sheet

2023-03-31

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 2,234	$ 2,605
Accounts receivable	23,748	25,332
Less Allowance for credit losses	892	826
Accounts receivable, net of allowance	22,856	24,506
Inventories	2,381	2,388
Prepaid expenses and other	8,251	8,358
Total current assets	35,722	37,857
Property, plant and equipment	310,519	307,689
Less Accumulated depreciation	203,532	200,255
Property, plant and equipment, net	106,987	107,434
Investments in unconsolidated businesses	1,052	1,071
Wireless licenses	150,485	149,796
Goodwill	28,674	28,671
Other intangible assets, net	11,246	11,461
Operating lease right-of-use assets	25,947	26,130
Other assets	17,603	17,260
Total assets	377,716	379,680
Current liabilities
Debt maturing within one year	12,081	9,963
Accounts payable and accrued liabilities	19,273	23,977
Current operating lease liabilities	4,177	4,134
Other current liabilities	12,237	12,097
Total current liabilities	47,768	50,171
Long-term debt	140,772	140,676
Employee benefit obligations	12,750	12,974
Deferred income taxes	43,667	43,441
Non-current operating lease liabilities	21,303	21,558
Other liabilities	17,237	18,397
Total long-term liabilities	235,729	237,046
Commitments and Contingencies
Equity
Series preferred stock ($0.10 par value; 250,000,000 shares authorized; none issued)	0	0
Common stock ($0.10 par value; 6,250,000,000 shares authorized in each period; 4,291,433,646 shares issued in each period)	429	429
Additional paid in capital	13,523	13,420
Retained earnings	84,543	82,380
Accumulated other comprehensive loss	(2,177)	(1,865)
Common stock in treasury, at cost (87,442,163 and 91,572,258 shares outstanding)	(3,832)	(4,013)
Deferred compensation – employee stock ownership plans (ESOPs) and other	397	793
Noncontrolling interests	1,336	1,319
Total equity	94,219	92,463
Total liabilities and equity	$ 377,716	$ 379,680