LUMN Analysis — TradeApes

Lumen Technologies, Inc. (LUMN)

Communication Services Telecom Services

$8.91 close · Jun 06, 2026

Above 50 & 200 SMA

52W -24.7% from High

Methodology Breakdown

Triangulated across multiple voting methods. The breakdown below shows each method's output and which ones voted on the final verdict.

Method	Value	Role
DCF (Base Case)	$21.59	REFERENCE
DCF (TTM-anchored)	$21.82	REFERENCE
Peer Multiples	$34.60	REFERENCE
Earnings Power Value	$30.85	REFERENCE
Book Value Anchor	$1.78	REFERENCE
Cash Floor	$1.14	REFERENCE
NAV Anchor	$1.78	REFERENCE

Triangulation spread: 60% across voting methods.

Health Score

Out of 100

Mixed

Pillar Scores

Financial Strength 45

Operating Trend 40

Valuation 40

Capital Allocation 55

Risk Management 80

Positives

↑ Net cash position — more cash on hand than total debt +3.8

↑ High FCF yield — above 7%, strong cash return relative to price paid +3.8

↑ Free cash flow positive — business generates real spendable cash +2.5

Concerns

↓ Historically expensive — EV/EBITDA in top 20% of its 5-year range -6.3

↓ Weak interest coverage — earnings barely cover debt service -3.8

↓ Weak liquidity — current assets below current liabilities -2.5

Signal contribution: +10.9 from strengths -16.4 from concerns

Health Score Trend 7 snapshots

Financials

TTM Financials

Revenue ?Total sales generated from the company's primary business activities over the trailing twelve months.	12.12B
Gross Profit ?Revenue minus cost of goods sold. What remains before operating expenses — reflects pricing power and production efficiency.	—
Operating Income ?Profit from core business operations after all operating expenses (EBIT). Excludes interest and taxes.	-317.0M
Net Income ?Bottom-line profit after all expenses, interest, and taxes are deducted from revenue.	-1.74B
Free Cash Flow ?Operating cash flow minus capital expenditures. The actual cash the business generates after maintaining its assets — the truest measure of profitability.	4.32B
EBITDA ?Earnings before interest, taxes, depreciation & amortization. A proxy for operating cash earnings that strips out accounting and financing differences.	2.38B
Total Debt ?Combined short-term and long-term interest-bearing debt obligations. Compare against cash and earnings to gauge leverage risk.	—
Cash & Equivalents ?Highly liquid assets on hand — cash, money market funds, and short-term securities. The company's immediate financial cushion.	1.63B

Valuation

Market Cap	8.90B
Enterprise Value	7.57B
EV / Revenue	0.6x
EV / EBITDA	3.2x
P/E (TTM)	-5.1x
Forward P/E	—
PEG	—
P/FCF	2.1x
FCF Yield	48.6%

EV/EBITDA vs history — 72% percentile (historically expensive)

CheapMidExpensive

EV/Sales vs history — 85% percentile (historically expensive)

CheapMidExpensive

Relative Valuation

Using relative multiples

EV / Revenue

0.6x

Price / Sales

0.7x

Key Metrics

Gross Margin ?Gross profit as a % of revenue. Measures how efficiently the company produces its goods or services — higher is better.	—
EBITDA Margin ?EBITDA as a % of revenue. Shows core operating profitability before accounting adjustments — useful for comparing across industries.	19.7%
Net Margin ?Net income as a % of revenue. The ultimate measure of overall profitability after every expense, interest payment, and tax is accounted for.	-14.3%
FCF Margin ?Free cash flow as a % of revenue. Shows how much of each dollar of revenue converts into real, spendable cash.	35.7%
Revenue Growth (YoY) ?Year-over-year change in total revenue. Measures business momentum — sustained growth above 15% is typically considered strong.	-6.8%
Net Income Growth (YoY) ?Year-over-year change in net income. Shows whether profits are growing faster or slower than revenue — a key indicator of improving or deteriorating quality.	-455.3%
Piotroski F-Score ?Score from 0–9 measuring financial strength across profitability, leverage, and efficiency signals. 8–9 = strong, 0–2 = distressed.	3 / 9
Altman Z-Score ?Bankruptcy risk model. Above 2.99 = safe zone, 1.81–2.99 = grey zone, below 1.81 = distress signal. Most useful for manufacturing companies.	—

Community Sentiment

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Quarterly Financials

Metric	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25	Q4 '25	Q3 '25	Q2 '25	Q1 '24	Q4 '24	Q3 '23	Q2 '23
Revenue ?Total quarterly sales from primary business operations.	2.90B	3.04B	3.09B	3.09B	3.18B	3.33B	3.22B	3.27B	3.29B	3.52B	3.64B	3.66B
Gross Profit ?Quarterly revenue minus cost of goods sold.	—	—	—	—	—	—	—	—	—	—	—	—
Operating Income ?Quarterly profit from core operations before interest and taxes (EBIT).	602.0M	-200.0M	-116.0M	-603.0M	107.0M	154.0M	126.0M	135.0M	45.0M	-1.78B	223.0M	-8.42B
Net Income ?Quarterly bottom-line profit after all expenses and taxes.	-200.0M	-2.0M	-621.0M	-915.0M	-201.0M	85.0M	-148.0M	-49.0M	57.0M	-2.00B	-78.0M	-8.74B
FCF ?Quarterly free cash flow: operating cash minus capital expenditures.	975.0M	388.0M	2.36B	601.0M	926.0M	440.0M	2.03B	511.0M	1.10B	510.0M	881.0M	-100.0M

Revenue & Free Cash Flow

Market Cap vs. DCF Fair Value Band

Shaded region = bear-to-bull DCF range. Line = actual market cap.

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Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Scores and valuations are derived from SEC filings and publicly available data. Always do your own research before making investment decisions.