Added to YB: 2026-04-15
Pitch date: 2026-04-12
RCI-B.TO [bullish]
Rogers Communications Inc.
+2.19%
current return
Author Info
Divergent Capital is a self-taught value investor in the tradition of Graham, Buffett and Munger. Sign up for the newsletter.
Company Info
Rogers Communications Inc. operates as a communications, sports, and entertainment company in Canada.
Market Cap
CAD 24.5B
Pitch Price
CAD 44.84
Price Target
N/A
Dividend
4.46%
EV/EBITDA
7.54
P/E
3.52
EV/Sales
3.43
Sector
Wireless Telecommunication Services
Category
special_situation
A Value Unlock of Rogers Communications' ($RCI.B) Trophy Sports Assets Worth 58–98% of its Market Cap is Still in Play
RCI-B.TO: Sports assets (MLSE at 75% ownership: MLB/NBA/NHL teams, arenas, publication) valued at C$20B-C$25B by mgmt = 58-98% of market cap, ~29-35% of $70B EV. Currently ascribed zero value. Monetization via partial sale/IPO/spin-off targeted within 12mo. Stock down 15% on TD Cowen telecom competition concerns, unrelated to asset unlock catalyst. Free call option on value realization.
Read full article (2 min)