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Zayo Group Holdings

DB:1ZY
Snowflake Description

Acceptable track record with concerning outlook.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1ZY
DB
$8B
Market Cap
  1. Home
  2. DE
  3. Telecom
Company description

Zayo Group Holdings, Inc. provides bandwidth infrastructure solutions for the communications industry. The last earnings update was 34 days ago. More info.


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1ZY Share Price and Events
7 Day Returns
-1.3%
DB:1ZY
-0.7%
DE Telecom
-1.8%
DE Market
1 Year Returns
23.8%
DB:1ZY
-4.6%
DE Telecom
-1.6%
DE Market
1ZY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Zayo Group Holdings (1ZY) -1.3% -3.2% 0% 23.8% 2.9% 20.2%
DE Telecom -0.7% -3.1% -4.3% -4.6% -15.4% -22.3%
DE Market -1.8% -12.2% -10.4% -1.6% -9.5% -14.7%
1 Year Return vs Industry and Market
  • 1ZY outperformed the Telecom industry which returned -4.6% over the past year.
  • 1ZY outperformed the Market in Germany which returned -1.6% over the past year.
Price Volatility
1ZY
Industry
5yr Volatility vs Market

1ZY Value

 Is Zayo Group Holdings 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 Zayo Group Holdings 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 Zayo Group Holdings.

DB:1ZY Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 4%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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 DB:1ZY
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Telecom Unlevered Beta Simply Wall St/ S&P Global 0.37
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.373 (1 + (1- 21%) (77.42%))
0.733
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.8 * 5.44%)
3.96%

Discounted Cash Flow Calculation for DB:1ZY using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Zayo Group Holdings 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.

DB:1ZY DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 3.96%)
2020 215.53 Analyst x4 207.31
2021 326.07 Analyst x3 301.69
2022 366.00 Analyst x1 325.73
2023 392.79 Est @ 7.32% 336.25
2024 412.45 Est @ 5.01% 339.63
2025 426.43 Est @ 3.39% 337.75
2026 436.04 Est @ 2.25% 332.20
2027 442.41 Est @ 1.46% 324.21
2028 446.42 Est @ 0.91% 314.68
2029 448.73 Est @ 0.52% 304.25
Present value of next 10 years cash flows $3,123.00
DB:1ZY DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $448.73 × (1 + -0.39%) ÷ (3.96% – -0.39%)
$10,270.57
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $10,270.57 ÷ (1 + 3.96%)10
$6,963.83
DB:1ZY Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $3,123.00 + $6,963.83
$10,086.83
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $10,086.83 / 237.62
$42.45
DB:1ZY Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:1ZY represents 0.87454x of NYSE:ZAYO
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.87454x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 42.45 x 0.87454
€37.12
Value per share (EUR) From above. €37.12
Current discount Discount to share price of €30.60
= -1 x (€30.60 - €37.12) / €37.12
17.6%

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

Current Discount
Amount off the current price Zayo Group Holdings is available for.
Intrinsic value
18%
Share price is €30.6 vs Future cash flow value of €37.12
Current Discount Checks
For Zayo Group Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Zayo Group Holdings's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Zayo Group Holdings's share price is below the future cash flow value, but not 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 Zayo Group Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Zayo Group Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:1ZY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.75
NYSE:ZAYO Share Price ** NYSE (2020-03-06) in USD $34.99
Europe Telecom Industry PE Ratio Median Figure of 61 Publicly-Listed Telecom Companies 19.27x
Germany Market PE Ratio Median Figure of 399 Publicly-Listed Companies 19.35x

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

** Primary Listing of Zayo Group Holdings.

DB:1ZY PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:ZAYO Share Price ÷ EPS (both in USD)

= 34.99 ÷ 0.75

46.62x

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

  • Zayo Group Holdings is overvalued based on earnings compared to the Europe Telecom industry average.
  • Zayo Group Holdings is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Zayo Group Holdings's expected growth come at a high price?
Raw Data
DB:1ZY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 46.62x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
3.4%per year
Europe Telecom Industry PEG Ratio Median Figure of 33 Publicly-Listed Telecom Companies 1.72x
Germany Market PEG Ratio Median Figure of 257 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

DB:1ZY PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 46.62x ÷ 3.4%

13.63x

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

  • Zayo Group Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Zayo Group Holdings's assets?
Raw Data
DB:1ZY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $6.21
NYSE:ZAYO Share Price * NYSE (2020-03-06) in USD $34.99
Germany Telecom Industry PB Ratio Median Figure of 7 Publicly-Listed Telecom Companies 1.19x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.72x
DB:1ZY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:ZAYO Share Price ÷ Book Value per Share (both in USD)

= 34.99 ÷ 6.21

5.63x

* Primary Listing of Zayo Group Holdings.

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

  • Zayo Group Holdings is overvalued based on assets compared to the DE Telecom industry average.
X
Value checks
We assess Zayo Group Holdings'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 Telecom 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 Telecom industry average (and greater than 0)? (1 check)
  5. Zayo Group Holdings has a total score of 0/6, 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.

1ZY Future Performance

 How is Zayo Group Holdings expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

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
3.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Zayo Group Holdings expected to grow at an attractive rate?
  • Zayo Group Holdings's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Zayo Group Holdings's earnings growth is positive but not above the Germany market average.
  • Zayo Group Holdings's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:1ZY Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:1ZY Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 3.4%
DB:1ZY Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 1.2%
Germany Telecom Industry Earnings Growth Rate Market Cap Weighted Average 19%
Germany Telecom Industry Revenue Growth Rate Market Cap Weighted Average 1.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.6%

*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
DB:1ZY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:1ZY Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-06-30 2,650 964 178 4
2021-06-30 2,615 939 186 7
2020-06-30 2,584 980 167 9
2020-03-09
DB:1ZY Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 2,590 1,047 177
2019-09-30 2,576 1,021 146
2019-06-30 2,578 951 150
2019-03-31 2,585 978 130
2018-12-31 2,587 987 119
2018-09-30 2,601 944 102
2018-06-30 2,603 971 103
2018-03-31 2,583 964 83
2017-12-31 2,484 964 87
2017-09-30 2,338 946 93
2017-06-30 2,220 910 87
2017-03-31 2,069 841 32

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Zayo Group Holdings's earnings are expected to grow by 3.4% yearly, however this is not considered high growth (20% yearly).
  • Zayo Group Holdings's revenue is expected to grow by 1.2% yearly, however this is not considered high growth (20% yearly).
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
DB:1ZY Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Zayo Group Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:1ZY Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-06-30 0.72 0.89 0.62 4.00
2021-06-30 0.73 1.27 0.41 8.00
2020-06-30 0.71 1.01 0.52 10.00
2020-03-09
DB:1ZY Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.75
2019-09-30 0.62
2019-06-30 0.63
2019-03-31 0.54
2018-12-31 0.48
2018-09-30 0.41
2018-06-30 0.42
2018-03-31 0.34
2017-12-31 0.35
2017-09-30 0.38
2017-06-30 0.36
2017-03-31 0.13

*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.
  • Zayo Group Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Zayo Group Holdings'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
Zayo Group Holdings has a total score of 1/6, 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.

1ZY Past Performance

  How has Zayo Group Holdings 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 Zayo Group Holdings's growth in the last year to its industry (Telecom).
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.
  • Zayo Group Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • Zayo Group Holdings's 1-year earnings growth is less than its 5-year average (49.1% vs 70.5%)
  • Zayo Group Holdings's earnings growth has exceeded the Europe Telecom industry average in the past year (49.1% vs 9.5%).
Earnings and Revenue History
Zayo Group Holdings'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 Zayo Group Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:1ZY Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 2,590.10 177.00 489.50
2019-09-30 2,575.50 145.80 491.70
2019-06-30 2,578.00 150.00 492.00
2019-03-31 2,584.70 129.90 493.30
2018-12-31 2,586.50 118.70 479.90
2018-09-30 2,600.50 101.70 473.30
2018-06-30 2,602.50 102.90 472.30
2018-03-31 2,583.20 83.20 464.30
2017-12-31 2,484.40 86.70 450.50
2017-09-30 2,338.00 93.30 432.90
2017-06-30 2,220.30 87.10 415.90
2017-03-31 2,069.10 31.60 401.80
2016-12-31 1,996.90 -14.70 399.70
2016-09-30 1,859.80 -45.30 382.90
2016-06-30 1,721.70 -76.20 364.90
2016-03-31 1,576.30 -40.20 351.10
2015-12-31 1,439.00 -74.60 334.40
2015-09-30 1,393.30 -60.00 283.40
2015-06-30 1,347.10 -155.30 352.20
2015-03-31 1,281.90 -232.60 386.80
2014-12-31 1,222.60 -221.60 401.50
2014-09-30 1,175.70 -263.00 457.30
2014-06-30 1,123.20 -181.60 379.40
2014-03-31 1,088.21 -134.23 212.47
2013-06-30 1,004.40 -145.60 242.40

*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.
  • Zayo Group Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Zayo Group Holdings used its assets less efficiently than the Europe Telecom industry average last year based on Return on Assets.
  • Zayo Group Holdings has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Zayo Group Holdings'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 Telecom 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.
Zayo Group Holdings has a total score of 3/6, 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.

1ZY Health

 How is Zayo Group Holdings'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 Zayo Group Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Zayo Group Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Zayo Group Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Zayo Group Holdings'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.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
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 Zayo Group Holdings Company Filings, last reported 2 months ago.

DB:1ZY Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,475.70 5,752.60 181.30
2019-09-30 1,371.30 5,826.10 254.60
2019-06-30 1,341.50 5,844.70 186.10
2019-03-31 1,246.90 5,869.10 179.70
2018-12-31 1,181.80 5,907.60 176.40
2018-09-30 1,554.80 5,696.30 353.90
2018-06-30 1,500.30 5,695.10 256.70
2018-03-31 1,540.40 5,693.80 329.30
2017-12-31 1,510.30 5,543.60 280.80
2017-09-30 1,479.50 5,542.50 291.20
2017-06-30 1,410.50 5,537.70 220.70
2017-03-31 1,345.00 5,524.60 198.40
2016-12-31 1,287.50 4,092.80 144.00
2016-09-30 1,255.90 4,090.40 193.00
2016-06-30 1,219.20 4,088.30 170.70
2016-03-31 1,226.20 4,061.10 215.20
2015-12-31 1,248.30 3,669.80 176.20
2015-09-30 1,243.50 3,672.10 345.70
2015-06-30 1,211.20 3,672.80 308.60
2015-03-31 1,150.30 3,744.40 273.70
2014-12-31 1,075.00 2,983.90 163.60
2014-09-30 293.70 3,236.00 167.30
2014-06-30 416.40 3,152.80 297.40
2014-03-31 517.32 2,970.71 254.61
2013-06-30 606.25 2,830.71 91.31
  • Zayo Group Holdings's level of debt (389.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (278.1% vs 389.8% today).
  • Debt is not well covered by operating cash flow (18.2%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.6x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Zayo Group Holdings'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. Zayo Group Holdings has a total score of 0/6, 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.

1ZY Dividends

 What is Zayo Group Holdings'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 Zayo Group Holdings dividends. Estimated to be 0% next year.
If you bought €2,000 of Zayo Group Holdings 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 Zayo Group Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Zayo Group Holdings'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
DB:1ZY 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 9 Analyst Estimates (S&P Global) See Below
Germany Telecom Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 4.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 332 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.3%

Industry and Market average data is calculated daily.

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

DB:1ZY Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-06-30 0.00 2.00
2021-06-30 0.00 3.00
2020-06-30 0.00 3.00
2020-03-09

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

  • Unable to perform a dividend volatility check as Zayo Group Holdings has not reported any payouts.
  • Unable to verify if Zayo Group Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Zayo Group Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Zayo Group Holdings has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Zayo Group Holdings's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Zayo Group Holdings'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 Zayo Group Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Zayo Group Holdings 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.

1ZY Management

 What is the CEO of Zayo Group Holdings'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
Dan Caruso
COMPENSATION $11,246,476
AGE 56
TENURE AS CEO 13.2 years
CEO Bio

Mr. Daniel P. Caruso, also known as Dan, has been the Chief Executive Officer, President and Chairman at Zayo Group Holdings, Inc. since 2007. Mr. Caruso co-founded Zayo Group Holdings. Mr. Caruso oversees Onvoy Voice Services, Zayo Enterprise Networks and Zayo Professional Services. He serves as Chief Executive Officer of Zayo Colocation, Inc. and Zayo Colocation, LLC. He Co-founded Zayo Group, LLC. He is Chief Executive Officer of Zayo Group, LLC since 2007. He served as President of Zayo Colocation, LLC. since 2007. He has over 21 years of experience in the Communications and Internet industries. He served as the Chief Executive Officer and President of ICG Communications Inc. from 2004 to 2006. He was Founding Executive Member and Officer of Level 3 Communications, Inc. and served as its Group Vice President from 1997 through 2003 and was responsible for Level 3's engineering, construction and operations organization and most of its lines of business and marketing functions at different times. Prior to Level 3, he was a member of the senior management team at MFS Communications Company, Inc. He served as a Senior Vice President at WorldCom and MFS Communications, where he served various responsibilities in business development, network planning and operations. He began his career at Illinois Bell Telephone Company, a former subsidiary of Ameritech Corporation. He serves as the Chairman at Zayo Group, LLC. He serves as the Chairman at VoicePipe. He is an angel investor, helped found EnVysion, Inc., where he served as its Executive Chairman from 2006 to 2013. He has been a Director of AboveNet, Inc. since July 2012. He serves as a Director of StuffBak Inc. He serves as Director of Zayo Colocation, Inc. and Zayo Colocation, LLC. He serves as a Member of the Board of Directors of NGT Communications. He served as a Member of the Board of Directors of New Global Telecom, Inc. Since 2003, he has served on the board of Colorado Uplift, a charity focused on supporting inner-city youths. Mr. Caruso served as a Director of ICG Communications Inc. Mr. Caruso served as Board Member of GTS Central Europe. He is an active supporter of the University of Colorado – Boulder. He co-teaches Entrepreneurship and the Private Equity Process in the Leeds MBA Program. He is on the Entrepreneurship Initiative Advisory Board of Silicon Flatirons, a center for law, technology and entrepreneurship at the University of Colorado, as well as board member of StartUp Colorado. He is actively involved in the College of Engineering and Applied Sciences as a frequent guest lecturer and supporter of the Engineering Management and Entrepreneurship program. Ernst & Young named, Mr. Caruso one of the three national finalists for the Entrepreneur of the Year 2011 Media, Entertainment and Communications Award. In 2009, Mr. Caruso was named Communications Executive of the Year in Colorado. The Denver Post named him one of Eleven Colorado Business People to Watch in 2011. The Boulder Chamber of Commerce honored him with the 2010 Esprit Award. In 2009, Ernst & Young honored him as the Entrepreneur of the Year in Rocky Mountain Region Emerging Company Category. Mr. Caruso holds MBA from the University of Chicago and a B.S. in Mechanical Engineering from the University of Illinois.

CEO Compensation
  • Dan's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Dan's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Zayo Group Holdings management team in years:

2.5
Average Tenure
52
Average Age
  • The tenure for the Zayo Group Holdings management team is about average.
Management Team

Dan Caruso

TITLE
Co-Founder
COMPENSATION
$11M
AGE
56
TENURE
13.2 yrs

Sandi Mays

TITLE
Co-Founder and Chief Customer Experience & Information Officer
COMPENSATION
$3M
AGE
50

Matt Steinfort

TITLE
Chief Financial Officer
COMPENSATION
$5M
AGE
49
TENURE
2.5 yrs

Jack Waters

TITLE
COO & President of Zayo Networks
COMPENSATION
$5M
AGE
54
TENURE
1.1 yrs

Brad Korch

TITLE
Vice President of Investor Relations
TENURE
5.2 yrs

Mike Mooney

TITLE
General Counsel
TENURE
1.2 yrs

Rachel Stack

TITLE
Senior Vice President of Corporate Strategy & Development
TENURE
3.6 yrs

Liz Rolander

TITLE
Vice President of People & Culture
TENURE
0.6 yrs

Dennis Kyle

TITLE
Senior Vice President of Fiber Solutions & Mountain Region
TENURE
5.2 yrs

Bruce Garrison

TITLE
Senior Vice President of zColo
TENURE
1.6 yrs
Board of Directors Tenure

Average tenure and age of the Zayo Group Holdings board of directors in years:

4.6
Average Tenure
56
Average Age
  • The tenure for the Zayo Group Holdings board of directors is about average.
Board of Directors

Rick Connor

TITLE
Independent Director
COMPENSATION
$336K
AGE
70
TENURE
9.8 yrs

Dan Caruso

TITLE
Co-Founder
COMPENSATION
$11M
AGE
56
TENURE
13.2 yrs

Don Gips

TITLE
Independent Director
COMPENSATION
$326K
AGE
59
TENURE
6.7 yrs

Cathy Morris

TITLE
Independent Director
COMPENSATION
$354K
AGE
60
TENURE
3.3 yrs

Yancey Spruill

TITLE
Lead Independent Director
COMPENSATION
$387K
AGE
51

Linda Rottenberg

TITLE
Independent Director
COMPENSATION
$294K
AGE
51
TENURE
5.8 yrs

Steve Kaplan

TITLE
Independent Director
COMPENSATION
$297K
AGE
59
TENURE
2.9 yrs

Emily White

TITLE
Independent Director
COMPENSATION
$276K
AGE
40
TENURE
2.9 yrs

Scott Drake

TITLE
Independent Director
COMPENSATION
$172K
AGE
51
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • Zayo Group Holdings individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
11. Feb 20 Sell Matt Steinfort Individual 10. Feb 20 10. Feb 20 -10,350 €31.98 €-330,945
11. Feb 20 Sell Linda Rottenberg Individual 07. Feb 20 07. Feb 20 -30,000 €31.88 €-956,330
26. Dec 19 Sell BlackRock, Inc. Company 22. Oct 19 23. Dec 19 -599,543 €31.19 €-18,701,702
26. Dec 19 Buy BlackRock, Inc. Company 22. Oct 19 23. Dec 19 1,284,463 €31.19 €40,066,591
16. Sep 19 Sell John Waters Individual 13. Sep 19 13. Sep 19 -14,993 €30.53 €-457,743
16. Sep 19 Sell Matt Steinfort Individual 13. Sep 19 13. Sep 19 -4,500 €30.54 €-137,428
13. Sep 19 Sell Daniel Caruso Individual 11. Sep 19 11. Sep 19 -1,000,000 €30.72 €-30,719,532
09. Sep 19 Sell Daniel Caruso Individual 04. Sep 19 05. Sep 19 -2,250,000 €30.55 €-68,731,031
17. Jun 19 Sell Daniel Caruso Individual 13. Jun 19 13. Jun 19 -432,200 €28.96 €-12,515,339
11. Jun 19 Sell Daniel Caruso Individual 07. Jun 19 10. Jun 19 -194,436 €28.95 €-5,629,117
11. Jun 19 Sell Richard Connor Individual 10. Jun 19 10. Jun 19 -15,000 €28.88 €-433,204
17. Jun 19 Sell Daniel Caruso Individual 05. Jun 19 06. Jun 19 -655,845 €29.01 €-19,025,394
07. Jun 19 Sell Mary Morris Individual 06. Jun 19 06. Jun 19 -13,772 €29.01 €-399,512
17. May 19 Sell BlackRock, Inc. Company 18. Mar 19 13. May 19 504,721 €29.47 €14,873,588
17. May 19 Buy BlackRock, Inc. Company 18. Mar 19 07. May 19 464,890 €28.65 €13,317,687
X
Management checks
We assess Zayo Group Holdings'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. Zayo Group Holdings 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.

1ZY News

Simply Wall St News

1ZY Company Info

Description

Zayo Group Holdings, Inc. provides bandwidth infrastructure solutions for the communications industry. It operates in four segments: Zayo Networks, Zayo Colocation (zColo), Allstream, and Other. The Zayo Networks segment offers access to fiber-to-the-towers and small cells that permit direct fiber connections to cell towers, small cells, hub sites, and mobile switching centers. This segment offers fiber solutions to carriers and other communication service providers, Internet service providers, wireless service providers, media and content companies, large enterprises, and other companies. It also provides Ethernet, IP, transit offerings, wide area networking products, media networks, and CloudLink for point-to-point data connections, multi-site managed networks, and international outsourced IT infrastructure environments to medium and large enterprises. In addition, this segment offers access to lit communications bandwidth infrastructure for carriers, content providers, financial services companies, healthcare, government entities, education institutions, and other medium and large enterprises. The zColo segment provides data center and cloud infrastructure solutions, and cyber security services to enterprise, carrier, cloud, and content customers. The Allstream segment offers cloud VoIP and data solutions comprising local voice offerings allowing business customers to complete telephone calls in their local exchange, as well as make long distance, toll-free, and related calls. It also provides Ethernet and IP/MPLS VPN solutions. The Other segment offers network and technical resources to customers for designing, acquiring, and maintaining a network; and sells telecommunication equipment. The company operates a network of 130,000 route miles and 13.0 million fiber miles to various buildings and data centers in the United States, Canada, and Europe. Zayo Group Holdings, Inc. was founded in 2007 and is headquartered in Boulder, Colorado.

Details
Name: Zayo Group Holdings, Inc.
1ZY
Exchange: DB
Founded: 2007
$7,273,225,678
237,615,270
Website: http://www.zayo.com
Address: Zayo Group Holdings, Inc.
1821 30th Street,
Unit A,
Boulder,
Colorado, 80301,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE ZAYO Common Stock New York Stock Exchange US USD 17. Oct 2014
DB 1ZY Common Stock Deutsche Boerse AG DE EUR 17. Oct 2014
Number of employees
Current staff
Staff numbers
3,781
Zayo Group Holdings employees.
Industry
Alternative Carriers
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/09 22:42
End of day share price update: 2020/03/06 00:00
Last estimates confirmation: 2020/03/02
Last earnings filing: 2020/02/04
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/06/30


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.