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Cincinnati Bell

DB:CIB1
Snowflake Description

Weak fundamentals or lack of information.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CIB1
DB
$745M
Market Cap
  1. Home
  2. DE
  3. Telecom
Company description

Cincinnati Bell Inc., together with its subsidiaries, provides diversified telecommunications and technology services to residential and business customers in the United States. The last earnings update was 32 days ago. More info.


Add to Portfolio Compare Print
  • Cincinnati Bell has significant price volatility in the past 3 months.
CIB1 Share Price and Events
7 Day Returns
2.3%
DB:CIB1
3.7%
DE Telecom
14.8%
DE Market
1 Year Returns
55.8%
DB:CIB1
-22.7%
DE Telecom
-14.1%
DE Market
CIB1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Cincinnati Bell (CIB1) 2.3% 13.8% 41.9% 55.8% -19.8% -
DE Telecom 3.7% -22.8% -18.2% -22.7% -31.2% -35.3%
DE Market 14.8% -20% -23.5% -14.1% -22.8% -26.7%
1 Year Return vs Industry and Market
  • CIB1 outperformed the Telecom industry which returned -22.7% over the past year.
  • CIB1 outperformed the Market in Germany which returned -14.1% over the past year.
Price Volatility
CIB1
Industry
5yr Volatility vs Market

Value

 Is Cincinnati Bell 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 Cincinnati Bell 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 Cincinnati Bell.

DB:CIB1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.5%
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:CIB1
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 0.36
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.359 (1 + (1- 21%) (267.32%))
1.078
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.08
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.078 * 5.44%)
5.48%

Discounted Cash Flow Calculation for DB:CIB1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Cincinnati Bell 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:CIB1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 5.48%)
2020 3.17 Est @ -49.46% 3.01
2021 2.07 Est @ -34.74% 1.86
2022 1.57 Est @ -24.44% 1.33
2023 1.30 Est @ -17.22% 1.05
2024 1.14 Est @ -12.17% 0.87
2025 1.04 Est @ -8.64% 0.76
2026 0.98 Est @ -6.16% 0.67
2027 0.93 Est @ -4.43% 0.61
2028 0.90 Est @ -3.22% 0.56
2029 0.88 Est @ -2.37% 0.52
Present value of next 10 years cash flows $11.00
DB:CIB1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $0.88 × (1 + -0.39%) ÷ (5.48% – -0.39%)
$14.96
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $14.96 ÷ (1 + 5.48%)10
$8.78
DB:CIB1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $11.00 + $8.78
$19.78
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $19.78 / 50.56
$0.39
DB:CIB1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:CIB1 represents 0.89613x of NYSE:CBB
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89613x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 0.39 x 0.89613
€0.35
Value per share (EUR) From above. €0.35
Current discount Discount to share price of €13.20
= -1 x (€13.20 - €0.35) / €0.35
-3665.2%

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

  • The current share price of Cincinnati Bell is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Cincinnati Bell's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Cincinnati Bell's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:CIB1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-1.53
NYSE:CBB Share Price ** NYSE (2020-03-27) in USD $14.73
Europe Telecom Industry PE Ratio Median Figure of 61 Publicly-Listed Telecom Companies 17.13x
Germany Market PE Ratio Median Figure of 398 Publicly-Listed Companies 16.62x

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

** Primary Listing of Cincinnati Bell.

DB:CIB1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 14.73 ÷ -1.53

-9.64x

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

  • Cincinnati Bell is loss making, we can't compare its value to the Europe Telecom industry average.
  • Cincinnati Bell is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Cincinnati Bell's expected growth come at a high price?
Raw Data
DB:CIB1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -9.64x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
40.3%per year
Europe Telecom Industry PEG Ratio Median Figure of 33 Publicly-Listed Telecom Companies 1.35x
Germany Market PEG Ratio Median Figure of 251 Publicly-Listed Companies 1.24x

*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 Cincinnati Bell, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Cincinnati Bell's assets?
Raw Data
DB:CIB1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $-5.34
NYSE:CBB Share Price * NYSE (2020-03-27) in USD $14.73
Germany Telecom Industry PB Ratio Median Figure of 7 Publicly-Listed Telecom Companies 1.12x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.43x
DB:CIB1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 14.73 ÷ -5.34

-2.76x

* Primary Listing of Cincinnati Bell.

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

  • Cincinnati Bell has negative assets, we can't compare the value of its assets to the DE Telecom industry average.
X
Value checks
We assess Cincinnati Bell'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. Cincinnati Bell 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.

Future Performance

 How is Cincinnati Bell expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
40.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Cincinnati Bell expected to grow at an attractive rate?
  • Unable to compare Cincinnati Bell's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare Cincinnati Bell's earnings growth to the Germany market average as it is expected to be loss making during the next 1-3 years.
  • Cincinnati Bell's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:CIB1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:CIB1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 40.3%
DB:CIB1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -0.8%
Germany Telecom Industry Earnings Growth Rate Market Cap Weighted Average 19.2%
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%

*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:CIB1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:CIB1 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 1,501 -31 1
2021-12-31 1,504 -30 1
2020-12-31 1,513 -25 1
2020-03-27
DB:CIB1 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 1,537 259 -77
2019-09-30 1,545 281 -86
2019-06-30 1,550 244 -91
2019-03-31 1,462 213 -99
2018-12-31 1,378 215 -80
2018-09-30 1,280 169 -62
2018-06-30 1,149 170 -55
2018-03-31 1,112 208 -39
2017-12-31 1,066 203 30
2017-09-30 1,050 188 40
2017-06-30 1,107 198 70
2017-03-31 1,147 161 145

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Cincinnati Bell is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Cincinnati Bell's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:CIB1 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 1 Analyst Estimates (S&P Global) See Below

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

DB:CIB1 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 -0.61 -0.61 -0.61 1.00
2021-12-31 -0.59 -0.59 -0.59 1.00
2020-12-31 -0.50 -0.50 -0.50 1.00
2020-03-27
DB:CIB1 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -1.53
2019-09-30 -1.72
2019-06-30 -1.80
2019-03-31 -2.05
2018-12-31 -1.73
2018-09-30 -1.40
2018-06-30 -1.31
2018-03-31 -0.93
2017-12-31 0.70
2017-09-30 0.95
2017-06-30 1.66
2017-03-31 3.45

*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 Cincinnati Bell will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Cincinnati Bell'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.
Cincinnati Bell 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 Cincinnati Bell 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 Cincinnati Bell'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.
  • Cincinnati Bell does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Cincinnati Bell's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Cincinnati Bell's 1-year growth to the Europe Telecom industry average as it is not currently profitable.
Earnings and Revenue History
Cincinnati Bell'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 Cincinnati Bell Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CIB1 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 1,536.70 -77.00 365.60
2019-09-30 1,545.30 -86.40 365.90
2019-06-30 1,549.50 -90.50 363.80
2019-03-31 1,462.10 -98.80 342.90
2018-12-31 1,378.20 -80.20 325.90
2018-09-30 1,280.40 -62.10 309.70
2018-06-30 1,149.20 -55.40 277.20
2018-03-31 1,111.80 -39.30 264.90
2017-12-31 1,065.70 29.60 251.70
2017-09-30 1,049.80 39.90 225.50
2017-06-30 1,106.70 69.70 224.80
2017-03-31 1,146.50 145.00 224.00
2016-12-31 1,017.60 92.30 220.60
2016-09-30 1,189.80 123.50 222.30
2016-06-30 1,177.20 184.00 215.50
2016-03-31 1,163.80 287.10 216.30
2015-12-31 1,167.80 280.40 215.30
2015-09-30 1,173.40 245.50 210.40
2015-06-30 1,175.00 158.70 214.60
2015-03-31 1,172.20 101.70 207.10
2014-12-31 1,161.50 107.30 204.20
2014-09-30 1,175.00 83.60 211.10
2014-06-30 1,184.40 100.40 211.80
2014-03-31 1,213.40 -22.50 224.10
2013-12-31 1,073.40 -75.30 230.50
2013-09-30 1,323.20 -46.80 273.90
2013-06-30 1,380.60 -52.20 292.50
2013-03-31 1,436.80 -48.50 294.10

*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 Cincinnati Bell has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • Cincinnati Bell used its assets less efficiently than the Europe Telecom industry average last year based on Return on Assets.
  • It is difficult to establish if Cincinnati Bell 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 Cincinnati Bell'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.
Cincinnati Bell 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 Cincinnati Bell'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 Cincinnati Bell's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Cincinnati Bell's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Cincinnati Bell's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Cincinnati Bell'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.
  • Cincinnati Bell has negative shareholder equity (liabilities exceed assets) therefore debt is not 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 Cincinnati Bell Company Filings, last reported 2 months ago.

DB:CIB1 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 -140.00 1,874.20 11.60
2019-09-30 -127.60 1,875.90 6.50
2019-06-30 -112.30 1,883.00 9.30
2019-03-31 -102.30 1,866.20 4.20
2018-12-31 -75.00 1,866.40 15.40
2018-09-30 -33.90 1,859.10 10.60
2018-06-30 -143.40 1,666.20 30.30
2018-03-31 -127.90 1,665.20 32.40
2017-12-31 -117.90 1,664.80 17.80
2017-09-30 -133.50 1,048.40 43.70
2017-06-30 -124.00 1,048.20 58.20
2017-03-31 -127.40 1,047.90 44.70
2016-12-31 -121.70 1,137.10 9.70
2016-09-30 -194.80 1,152.70 8.50
2016-06-30 -217.00 1,067.20 9.60
2016-03-31 -291.60 1,167.70 7.90
2015-12-31 -298.20 1,169.30 7.40
2015-09-30 -323.30 1,181.10 25.40
2015-06-30 -403.50 1,384.40 14.80
2015-03-31 -599.60 1,754.20 13.40
2014-12-31 -648.50 1,684.90 57.90
2014-09-30 -584.40 1,802.90 181.50
2014-06-30 -556.00 2,219.60 347.20
2014-03-31 -670.70 2,249.50 4.20
2013-12-31 -676.70 2,258.00 4.60
2013-09-30 -687.20 2,609.90 413.70
2013-06-30 -719.70 2,183.00 5.50
2013-03-31 -727.80 2,127.40 5.10
  • Cincinnati Bell has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Cincinnati Bell's debt level has increased considering it has negative shareholder equity.
  • Debt is not well covered by operating cash flow (13.8%, less than 20% of total debt).
  • Cincinnati Bell is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Cincinnati Bell'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. Cincinnati Bell 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.

Dividends

 What is Cincinnati Bell'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 Cincinnati Bell dividends. Estimated to be 0% next year.
If you bought €2,000 of Cincinnati Bell 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 Cincinnati Bell's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Cincinnati Bell'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:CIB1 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 1 Analyst Estimates (S&P Global) See Below
Germany Telecom Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 5.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 319 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

DB:CIB1 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.00 1.00
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2020-03-27

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

  • Unable to perform a dividend volatility check as Cincinnati Bell has not reported any payouts.
  • Unable to verify if Cincinnati Bell's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Cincinnati Bell's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Cincinnati Bell has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Cincinnati Bell's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Cincinnati Bell's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Cincinnati Bell afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Cincinnati Bell 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 Cincinnati Bell'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
Leigh Fox
COMPENSATION $3,101,489
AGE 46
TENURE AS CEO 2.8 years
CEO Bio

Mr. Leigh R. Fox serves as the Chief Executive Officer and President of Cincinnati Bell Inc. (“Cincinnati Bell”) since May 31, 2017 and September 2016 respectively. Mr. Fox is a Director at Cincinnati Bell Inc. since May 01, 2018. Mr. Fox has been with Cincinnati Bell since July 2001, most recently as Chief Operating Officer since September 1, 2017 until May 2017. Mr. Fox also served as the Cincinnati Bell Chief Financial Officer from October 1, 2013 until September 2016. Prior to 2013, Mr. Fox had increasingly larger corporate responsibilities as Chief Administrative Officer from July 2013 to October 2013, and Senior Vice President of Finance and Operations from December 2012 to July 2013 and spent eight years in senior roles within the Cincinnati Bell technology services business. He was Vice President of Finance at Cincinnati Bell Technology Solutions Inc. (CBTS) from October 2008 to December 2012. He is on the boards of the USA Regional Chamber and American Red Cross. He is a member of the Cincinnati Regional Business Committee and the Business Leader’s Alliance. Mr. Fox holds a bachelor's degree from Miami University and an MBA from the University of Cincinnati.

CEO Compensation
  • Leigh's compensation has increased whilst company is loss making.
  • Leigh's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Cincinnati Bell management team in years:

2.8
Average Tenure
46
Average Age
  • The tenure for the Cincinnati Bell management team is about average.
Management Team

Leigh Fox

TITLE
President
COMPENSATION
$3M
AGE
46
TENURE
2.8 yrs

Andy Kaiser

TITLE
Chief Financial Officer
COMPENSATION
$1M
AGE
50
TENURE
3.5 yrs

Tom Simpson

TITLE
Chief Operating Officer
COMPENSATION
$1M
AGE
46
TENURE
2.8 yrs

Chris Wilson

TITLE
VP & General Counsel
COMPENSATION
$1M
AGE
53
TENURE
16.6 yrs

Christi Cornette

TITLE
Chief Culture Officer
COMPENSATION
$1M
AGE
63
TENURE
2.8 yrs

Josh Duckworth

TITLE
Vice President of Treasury
COMPENSATION
$421K
AGE
41
TENURE
2.4 yrs

Kevin Murray

TITLE
Senior VP & Chief Information Officer
TENURE
2.2 yrs

Chris Elma

TITLE
Chief Financial Officer of Entertainment & Communications's Business Segment
TENURE
2.4 yrs

Connie Vogt

TITLE
Corporate Secretary

Suzanne Maratta

TITLE
VP & Corporate Controller
AGE
37
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure and age of the Cincinnati Bell board of directors in years:

5
Average Tenure
62
Average Age
  • The tenure for the Cincinnati Bell board of directors is about average.
Board of Directors

Lynn Wentworth

TITLE
Independent Chairman of the Board
COMPENSATION
$207K
AGE
61
TENURE
0.8 yrs

Leigh Fox

TITLE
President
COMPENSATION
$3M
AGE
46
TENURE
1.8 yrs

Jakki Haussler

TITLE
Independent Director
COMPENSATION
$201K
AGE
62
TENURE
11.9 yrs

Craig Maier

TITLE
Independent Director
COMPENSATION
$203K
AGE
69
TENURE
11.7 yrs

Ted Torbeck

TITLE
Director
COMPENSATION
$170K
AGE
62
TENURE
7.2 yrs

Russel Mayer

TITLE
Independent Director
COMPENSATION
$201K
AGE
66
TENURE
6.4 yrs

John Eck

TITLE
Independent Director
COMPENSATION
$190K
AGE
60
TENURE
5.4 yrs

Martin Yudkovitz

TITLE
Independent Director
COMPENSATION
$190K
AGE
64
TENURE
4.7 yrs

Walter Dods

TITLE
Independent Director
COMPENSATION
$20K
AGE
77
TENURE
1.7 yrs

Meredith Ching

TITLE
Independent Director
COMPENSATION
$19K
AGE
62
TENURE
1.7 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 (€)
05. Mar 20 Sell Teton Advisors, Inc Company 05. Feb 20 03. Mar 20 -59,000 €13.39 €-761,051
05. Mar 20 Buy Gabelli & Company Investment Advisers, Inc. Company 04. Feb 20 25. Feb 20 47,518 €12.17 €0
05. Mar 20 Sell GAMCO Investors, Inc. Company 03. Feb 20 04. Mar 20 -483,443 €13.33 €-940,942
05. Mar 20 Buy GAMCO Investors, Inc. Company 04. Feb 20 25. Feb 20 36,762 €12.17 €356,650
30. Jan 20 Sell Teton Advisors, Inc Company 13. Dec 19 24. Jan 20 -41,800 €12.55 €-395,353
30. Jan 20 Sell GAMCO Investors, Inc. Company 02. Dec 19 28. Jan 20 -419,043 €12.52 €-989,696
30. Jan 20 Buy GAMCO Investors, Inc. Company 02. Dec 19 09. Jan 20 59,581 €9.53 €167,632
30. Jan 20 Sell Mario Gabelli Individual 16. Dec 19 16. Dec 19 -1,400 €6.79 €-9,510
21. Nov 19 Sell GAMCO Investors, Inc. Company 19. Nov 19 20. Nov 19 -14,313 €4.98 €-71,096
21. Nov 19 Buy GAMCO Investors, Inc. Company 19. Nov 19 20. Nov 19 3,500 €5.00 €17,472
19. Nov 19 Sell Teton Advisors, Inc Company 09. Oct 19 23. Oct 19 -90,953 €4.52 €-379,065
19. Nov 19 Buy Teton Advisors, Inc Company 09. Oct 19 01. Nov 19 22,153 €4.63 €91,520
19. Nov 19 Sell GAMCO Investors, Inc. Company 19. Sep 19 18. Nov 19 -1,177,936 €5.32 €0
19. Nov 19 Buy GAMCO Investors, Inc. Company 19. Sep 19 18. Nov 19 842,520 €5.10 €0
28. Aug 19 Buy Martin Yudkovitz Individual 26. Aug 19 26. Aug 19 2,500 €4.35 €10,865
21. Aug 19 Buy Martin Yudkovitz Individual 20. Aug 19 20. Aug 19 5,000 €4.51 €22,543
31. May 19 Buy Christopher Wilson Individual 30. May 19 30. May 19 6,628 €6.02 €39,882
30. May 19 Buy Andrew Kaiser Individual 29. May 19 29. May 19 4,300 €6.23 €26,777
X
Management checks
We assess Cincinnati Bell'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. Cincinnati Bell 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

Cincinnati Bell Inc., together with its subsidiaries, provides diversified telecommunications and technology services to residential and business customers in the United States. It operates in two segments, Entertainment and Communications, and IT Services and Hardware. The Entertainment and Communications segment offers data services, including high-speed Internet access, data transport, and interconnection services, as well as metro-Ethernet products; and voice local services, as well as long distance, digital trunking, switched access, and other value-added services, such as caller identification, voicemail, call waiting, and call return. This segment also provides video services comprising entertainment channels, including digital music, local, movie, and sports programming with high-definition channels, parental controls, HD DVR, and video on-demand. In addition, this segment undertakes wiring projects for business customers; and offers advertising, directory assistance, maintenance, and information services. The IT Services and Hardware segment provides consulting services consisting of IT staffing and project-based engagements, including engineering and installation of voice, connectivity and IT technologies, development of digital application solutions, and staff augmentation; and hosted solutions comprising converged IP communications platforms of data, voice, video, and mobility applications. This segment also offers cloud services, such as virtual data center, storage, and backup services; and monitoring and managing technology environments and applications, as well as sells, architects, and installs telecommunications and IT infrastructure equipment. The company was founded in 1873 and is headquartered in Cincinnati, Ohio.

Details
Name: Cincinnati Bell Inc.
CIB1
Exchange: DB
Founded: 1873
$671,745,629
50,564,267
Website: http://www.cincinnatibell.com
Address: Cincinnati Bell Inc.
221 East Fourth Street,
Cincinnati,
Ohio, 45202,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE CBB Common Shares New York Stock Exchange US USD 06. Feb 1969
DB CIB1 Common Shares Deutsche Boerse AG DE EUR 06. Feb 1969
Number of employees
Current staff
Staff numbers
4,400
Cincinnati Bell employees.
Industry
Integrated Telecommunication Services
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/27 23:46
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2020/03/03
Last earnings filing: 2020/02/24
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.