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Altaba

SNSE:AABA
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AABA
SNSE
€10B
Market Cap
  1. Home
  2. CL
  3. Retail
Company description

Altaba Inc. operates as a non-diversified, closed-end management investment company in the United States. The last earnings update was 48 days ago. More info.


Add to Portfolio Compare Print
  • Altaba is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
AABA Share Price and Events
7 Day Returns
0%
SNSE:AABA
-0.4%
Global Online Retail
0.4%
CL Market
1 Year Returns
-12.5%
SNSE:AABA
4.2%
Global Online Retail
-7.2%
CL Market
AABA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Altaba (AABA) 0% 0.2% -1.3% -12.5% - -
Global Online Retail -0.4% -6.7% -9.1% 4.2% 62% 151%
CL Market 0.4% 2.3% -1.9% -7.2% 13.1% 10.3%
1 Year Return vs Industry and Market
  • AABA underperformed the Online Retail industry which returned 4.2% over the past year.
  • AABA underperformed the Market in Chile which returned -7.2% over the past year.
Price Volatility
AABA
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Altaba undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Altaba to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Altaba.

SNSE:AABA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 11.1%
Perpetual Growth Rate 10-Year CL Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SNSE:AABA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CL Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Online Retail Unlevered Beta Simply Wall St/ S&P Global 1.61
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.61 (1 + (1- 21%) (0%))
1.409
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.41
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.409 * 5.96%)
11.13%

Discounted Cash Flow Calculation for SNSE:AABA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Altaba is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

SNSE:AABA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 11.13%)
2020 17,266.49 Est @ 41.18% 15,537.67
2021 22,385.75 Est @ 29.65% 18,127.37
2022 27,215.01 Est @ 21.57% 19,831.40
2023 31,547.65 Est @ 15.92% 20,686.81
2024 35,321.70 Est @ 11.96% 20,842.50
2025 38,568.87 Est @ 9.19% 20,479.85
2026 41,366.73 Est @ 7.25% 19,766.17
2027 43,806.10 Est @ 5.9% 18,835.95
2028 45,973.12 Est @ 4.95% 17,788.47
2029 47,941.59 Est @ 4.28% 16,692.79
Present value of next 10 years cash flows $188,588.00
SNSE:AABA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $47,941.59 × (1 + 2.73%) ÷ (11.13% – 2.73%)
$586,545.65
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $586,545.65 ÷ (1 + 11.13%)10
$204,229.35
SNSE:AABA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $188,588.00 + $204,229.35
$392,817.35
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $392,817.35 / 519.51
$756.13
SNSE:AABA Discount to Share Price
Calculation Result
Exchange Rate USD/EUR
(Reporting currency to currency of XTRA:ALA)
0.908
Value per Share
(EUR)
= Value per Share in USD x Exchange Rate (USD/EUR)
= $756.13 x 0.908
€686.87
Non-primary Listing Adjustment Factor 1 share in SNSE:AABA represents 3.93871x of XTRA:ALA
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
3.93871x
Value per Share
(Listing Adjusted, USD)
= Value per Share (EUR) x Listing Adjustment Factor
= € 686.87 x 3.93871
$2,705.37
Value per share (USD) From above. $2,705.37
Current discount Discount to share price of $70.11
= -1 x ($70.11 - $2,705.37) / $2,705.37
97.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Altaba is available for.
Intrinsic value
>50%
Share price is $70.11 vs Future cash flow value of $2705.37
Current Discount Checks
For Altaba to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Altaba's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Altaba's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Altaba's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Altaba's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SNSE:AABA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $-8.09
XTRA:ALA Share Price ** XTRA (2019-10-07) in EUR €17.8
XTRA:ALA Share Price converted to USD reporting currency Exchange rate (EUR/ USD) 1.101 $19.59
Global Online Retail Industry PE Ratio Median Figure of 108 Publicly-Listed Online Retail Companies 21.54x
Chile Market PE Ratio Median Figure of 134 Publicly-Listed Companies 14.81x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Altaba.

SNSE:AABA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:ALA Share Price ÷ EPS (both in USD)

= 19.59 ÷ -8.09

-2.42x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Altaba is loss making, we can't compare its value to the Global Online Retail industry average.
  • Altaba is loss making, we can't compare the value of its earnings to the Chile market.
Price based on expected Growth
Does Altaba's expected growth come at a high price?
Raw Data
SNSE:AABA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.42x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Global Online Retail Industry PEG Ratio Median Figure of 67 Publicly-Listed Online Retail Companies 1.55x
Chile Market PEG Ratio Median Figure of 29 Publicly-Listed Companies 1.09x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Altaba, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Altaba's assets?
Raw Data
SNSE:AABA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $74.15
XTRA:ALA Share Price * XTRA (2019-10-07) in EUR €17.8
XTRA:ALA Share Price converted to USD reporting currency Exchange rate (EUR/ USD) 1.101 $19.59
Global Online Retail Industry PB Ratio Median Figure of 228 Publicly-Listed Online Retail Companies 1.99x
Chile Market PB Ratio Median Figure of 161 Publicly-Listed Companies 1.11x
SNSE:AABA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:ALA Share Price ÷ Book Value per Share (both in USD)

= 19.59 ÷ 74.15

0.26x

* Primary Listing of Altaba.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Altaba is good value based on assets compared to the Global Online Retail industry average.
X
Value checks
We assess Altaba's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Online Retail industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Online Retail industry average (and greater than 0)? (1 check)
  5. Altaba has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Altaba expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Altaba has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
29.7%
Expected Online Retail industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Altaba expected to grow at an attractive rate?
  • Unable to compare Altaba's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Altaba's earnings growth to the Chile market average as no estimate data is available.
  • Unable to compare Altaba's revenue growth to the Chile market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SNSE:AABA Future Growth Rates Data Sources
Data Point Source Value (per year)
Global Online Retail Industry Earnings Growth Rate Market Cap Weighted Average 29.7%
Global Online Retail Industry Revenue Growth Rate Market Cap Weighted Average 17.6%
Chile Market Earnings Growth Rate Market Cap Weighted Average 12.9%
Chile Market Revenue Growth Rate Market Cap Weighted Average 5.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SNSE:AABA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SNSE:AABA Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SNSE:AABA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 222 12,230 -4,205
2019-03-31 277 8,756 -6,614
2018-12-31 333 5,282 -9,023
2018-09-30 299 4,507 6,779
2018-06-30 266 3,733 22,582
2018-03-31 -1,167 8,052 23,003
2017-12-31 54 8,869 22,136
2017-09-30 1,496 6,656 11,974
2017-06-30 2,774 4,405 1,812
2017-03-31 5,409 1,098 -16
2016-12-31 5,169 1,249 -214
2016-09-30 4,973 1,126 -4,811

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Altaba is high growth as no earnings estimate data is available.
  • Unable to determine if Altaba is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SNSE:AABA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Altaba Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SNSE:AABA Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SNSE:AABA Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 -8.09
2019-03-31 -12.73
2018-12-31 -15.90
2018-09-30 11.95
2018-06-30 28.21
2018-03-31 28.74
2017-12-31 26.83
2017-09-30 14.51
2017-06-30 1.90
2017-03-31 -0.02
2016-12-31 -0.23
2016-09-30 -5.08

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Altaba will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Altaba is trading at Altaba'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Altaba's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Retail companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Altaba's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Global market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Global market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Altaba has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Altaba performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Altaba's growth in the last year to its industry (Online Retail).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Altaba does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Altaba's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Altaba's 1-year growth to the Global Online Retail industry average as it is not currently profitable.
Earnings and Revenue History
Altaba's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Altaba Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SNSE:AABA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 221.91 -4,205.22 78.60
2019-03-31 277.36 -6,614.27 79.70
2018-12-31 332.80 -9,023.32 80.79
2018-09-30 299.43 6,779.46 82.68
2018-06-30 266.05 22,582.24 84.56
2018-03-31 -1,167.02 23,003.29 -295.92 -252.22
2017-12-31 54.46 22,135.73 47.81
2017-09-30 1,496.37 11,973.60 395.00 253.75
2017-06-30 2,774.35 1,812.31 764.57 497.40
2017-03-31 5,409.25 -15.66 1,506.95 1,029.65
2016-12-31 5,169.14 -214.33 1,532.23 1,055.46
2016-09-30 4,973.39 -4,811.31 1,603.69 1,074.17
2016-06-30 4,893.86 -4,897.87 1,640.62 1,102.81
2016-03-31 4,829.48 -4,479.51 1,711.14 1,129.21
2015-12-31 4,968.30 -4,359.08 1,768.52 1,177.92
2015-09-30 4,947.98 242.25 1,787.15 1,209.75
2015-06-30 4,870.45 6,940.03 1,805.45 1,229.52
2015-03-31 4,711.37 7,231.29 1,758.63 1,214.87
2014-12-31 4,618.13 7,521.66 1,770.71 1,156.39
2014-09-30 4,630.86 7,703.51 1,780.91 1,127.36
2014-06-30 4,621.69 1,226.12 1,770.19 1,102.75
2014-03-31 4,672.74 1,287.55 1,776.88 1,057.17
2013-12-31 4,680.38 1,366.25 1,751.28 957.59
2013-09-30 4,760.39 1,290.33 1,657.82 973.64
2013-06-30 4,823.15 4,153.88 1,628.47 923.50
2013-03-31 4,905.70 4,049.36 1,622.72 876.93
2012-12-31 4,986.57 3,945.42 1,641.82 885.82

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Altaba has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Altaba has efficiently used its assets last year compared to the Global Online Retail industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Altaba improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Altaba's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Online Retail industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Altaba has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Altaba's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Altaba's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Altaba's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Altaba's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Altaba's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Altaba has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Altaba Company Filings, last reported 3 months ago.

SNSE:AABA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 38,523.64 0.00 17.25
2019-03-31 38,523.64 0.00 17.25
2018-12-31 35,156.08 3,000.00 1.31
2018-09-30 35,156.08 3,000.00 1.31
2018-06-30 62,626.88 4,452.18 2.96
2018-03-31 62,626.88 4,452.18 2.96
2017-12-31 62,485.92 1,369.99 0.41
2017-09-30 62,485.92 1,369.99 0.41
2017-06-30 48,298.58 1,334.51 0.10
2017-03-31 35,467.19 1,317.11 6,911.06
2016-12-31 31,084.08 1,299.95 6,820.39
2016-09-30 34,869.16 1,283.00 6,600.52
2016-06-30 28,396.30 1,266.28 6,381.09
2016-03-31 28,515.17 1,249.78 5,976.65
2015-12-31 29,079.42 1,233.49 5,857.02
2015-09-30 28,279.07 1,217.41 5,882.05
2015-06-30 33,563.85 1,201.54 5,824.32
2015-03-31 33,703.63 1,185.88 5,284.45
2014-12-31 38,785.59 1,170.42 7,991.51
2014-09-30 36,754.39 1,155.17 11,193.84
2014-06-30 12,730.52 1,140.11 2,744.46
2014-03-31 12,963.20 1,125.25 2,939.51
2013-12-31 13,130.60 1,110.59 3,407.89
2013-09-30 12,546.32 0.00 1,830.30
2013-06-30 13,858.73 0.00 2,628.81
2013-03-31 14,185.93 0.00 3,013.16
2012-12-31 14,605.60 0.00 4,183.95
  • Altaba has no debt.
  • Altaba has no debt compared to 5 years ago when it was 8.8%.
  • Altaba has no debt, it does not need to be covered by operating cash flow.
  • Altaba has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Altaba's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Altaba has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Altaba's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Altaba dividends.
If you bought $2,000 of Altaba shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Altaba's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Altaba's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SNSE:AABA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Global Online Retail Industry Average Dividend Yield Market Cap Weighted Average of 46 Stocks 1%
Chile Market Average Dividend Yield Market Cap Weighted Average of 133 Stocks 3.5%
Chile Minimum Threshold Dividend Yield 10th Percentile 0.8%
Chile Bottom 25% Dividend Yield 25th Percentile 2%
Chile Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SNSE:AABA Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Altaba has not reported any payouts.
  • Unable to verify if Altaba's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Altaba's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Altaba has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Altaba's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Altaba afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Altaba has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Altaba's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tom McInerney
COMPENSATION $409,971
AGE 55
TENURE AS CEO 2.3 years
CEO Bio

Mr. Thomas J. McInerney, also known as Tom, has been the Chief Executive Officer of Altaba Inc. since June 13, 2017. He is also serves as the Member of Board of Directors at the firm since April 5, 2012. Mr. McInerney has corporate leadership experience and has expertise in finance, restructuring, mergers and acquisitions and operations. He has held positions of increasing responsibilities with IAC/InterActiveCorp, or IAC and various subsidiaries from 1999 to March 2012. He served as the Chief Financial Officer and Executive Vice President of IAC/InterActiveCorp from January 2005 to March 2012, where he oversaw all financial and administrative matters and served in the five person Office of the Chairman. AT IAC, he was responsible for an extensive and high quality financial operation. Mr. McInerney served as Chief Executive Officer of IAC's Retailing business from January 2003 to December 2005, where he oversaw HSN, HSN.com, Cornerstone Brands, HSE24, Euvia and Gifts.com. He served as the Chief Financial Officer of CityGrid Media, LLC. He served as Chief Executive Officer of HSN. He served as the President of Electronic Retailing at U.S. Interactive, Inc. since December 13, 2002. He served as President of Electronic Retailing at IAC/InterActiveCorp. He served as Chief Financial Officer, Principal Accounting Officer and Executive Vice President of Ticketmaster Entertainment LLC from May 1999 to January 2003, where he was responsible for all financial and human resource operations. Mr. McInerney spent 11 years as an Investment Banker at Morgan Stanley and worked with a wide variety of companies in the consumer, industrial and service industries and advising on more than 30 IPO and other capital raising, restructuring and merger and acquisition transactions. From 1986 to 1988 and again from 1990 to 1999, he worked at Morgan Stanley, where he was a Principal. He has been an Independent Director of Match Group, Inc. since November 2015; and served as Director of HSN, Inc. since August 2008 to June 2017. He served as Independent Director of Yahoo! Inc. since April 05, 2012 to June 2017. He served as a Director of Cardlytics, Inc. since January 31, 2016 until November 13, 2016 and CityGrid Media, LLC. He served as Interval Leisure Group, Inc. since May 2008 to August 2018. Mr. McInerney holds a B.A. in Economics from Yale University in 1986, where he graduated magna cum laude. He has an M.B.A. from Harvard Business School in 1990.

CEO Compensation
  • Tom's compensation has increased whilst company is loss making.
  • Insufficient data for Tom to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure and age of the Altaba management team in years:

2.3
Average Tenure
52.5
Average Age
  • The tenure for the Altaba management team is about average.
Management Team

Tom McInerney

TITLE
CEO & Director
COMPENSATION
$410K
AGE
55
TENURE
2.3 yrs

Alexi Wellman

TITLE
Chief Financial & Accounting Officer
AGE
49
TENURE
2.3 yrs

Arthur Chong

TITLE
General Counsel & Secretary
AGE
66
TENURE
2.6 yrs

DeAnn Work

TITLE
Chief Compliance Officer
AGE
50
TENURE
2.3 yrs
Board of Directors Tenure

Average tenure and age of the Altaba board of directors in years:

3.5
Average Tenure
59
Average Age
  • The tenure for the Altaba board of directors is about average.
Board of Directors

Eric Brandt

TITLE
Independent Chairman of the Board
COMPENSATION
$435K
AGE
57
TENURE
2.8 yrs

Tom McInerney

TITLE
CEO & Director
COMPENSATION
$410K
AGE
55
TENURE
7.5 yrs

Cathy Friedman

TITLE
Independent Director
COMPENSATION
$377K
AGE
59
TENURE
3.6 yrs

Tor Braham

TITLE
Independent Director
COMPENSATION
$326K
AGE
62
TENURE
3.5 yrs

Richard Kauffman

TITLE
Independent Director
AGE
64
TENURE
2.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Altaba's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Altaba has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Altaba Inc. operates as a non-diversified, closed-end management investment company in the United States. Its assets consist primarily of equity investments, short-term debt investments, and cash. The company was formerly known as Yahoo! Inc. and changed its name to Altaba Inc. in June 2017. Altaba Inc. was founded in 1994 and is based in New York, New York.

Details
Name: Altaba Inc.
AABA
Exchange: SNSE
Founded: 1994
€11,226,340,945
519,511,366
Website: http://www.altaba.com
Address: Altaba Inc.
140 East 45th Street,
15th Floor,
New York,
New York, 10017,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA ALA Common Stock XETRA Trading Platform DE EUR 12. Apr 1996
LSE 0RQL Common Stock London Stock Exchange GB USD 12. Apr 1996
SWX AABA Common Stock SIX Swiss Exchange CH CHF 12. Apr 1996
WBAG ATBA Common Stock Wiener Boerse AG AT EUR 12. Apr 1996
SNSE AABA Common Stock Santiago Stock Exchange CL USD 12. Apr 1996
BMV AABA * Common Stock Bolsa Mexicana de Valores MX MXN 12. Apr 1996
Number of employees
Current staff
Staff numbers
0
Altaba employees.
Industry
Internet and Direct Marketing Retail
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/10 18:21
End of day share price update: 2019/10/07 00:00
Last estimates confirmation: 2019/02/27
Last earnings filing: 2019/08/23
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.