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Vonage Holdings

DB:V1Y
Snowflake Description

Reasonable growth potential and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
V1Y
DB
$2B
Market Cap
  1. Home
  2. DE
  3. Telecom
Company description

Vonage Holdings Corp. provides cloud communications services for businesses and consumers. The last earnings update was 35 days ago. More info.


Add to Portfolio Compare Print
  • Vonage Holdings has significant price volatility in the past 3 months.
V1Y Share Price and Events
7 Day Returns
35.5%
DB:V1Y
3.7%
DE Telecom
14.8%
DE Market
1 Year Returns
-26.8%
DB:V1Y
-22.7%
DE Telecom
-14.1%
DE Market
V1Y Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Vonage Holdings (V1Y) 35.5% -26.3% -0.8% -26.8% 11.4% 40.3%
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
  • V1Y underperformed the Telecom industry which returned -22.7% over the past year.
  • V1Y underperformed the Market in Germany which returned -14.1% over the past year.
Price Volatility
V1Y
Industry
5yr Volatility vs Market
Related Companies

V1Y Value

 Is Vonage 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 Vonage 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 Vonage Holdings.

DB:V1Y Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 12 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:V1Y
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%) (33.23%))
0.634
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:V1Y using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Vonage 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:V1Y DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 3.96%)
2020 59.12 Analyst x5 56.87
2021 81.84 Analyst x3 75.72
2022 125.00 Analyst x1 111.25
2023 151.09 Est @ 20.87% 129.34
2024 172.98 Est @ 14.49% 142.44
2025 190.33 Est @ 10.03% 150.75
2026 203.47 Est @ 6.9% 155.01
2027 213.06 Est @ 4.71% 156.14
2028 219.84 Est @ 3.18% 154.97
2029 224.48 Est @ 2.11% 152.21
Present value of next 10 years cash flows $1,284.00
DB:V1Y DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $224.48 × (1 + -0.39%) ÷ (3.96% – -0.39%)
$5,138.02
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $5,138.02 ÷ (1 + 3.96%)10
$3,483.77
DB:V1Y Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,284.00 + $3,483.77
$4,767.77
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $4,767.77 / 242.92
$19.63
DB:V1Y Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:V1Y represents 0.90845x of NasdaqGS:VG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.90845x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 19.63 x 0.90845
€17.83
Value per share (EUR) From above. €17.83
Current discount Discount to share price of €6.45
= -1 x (€6.45 - €17.83) / €17.83
63.8%

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

Current Discount
Amount off the current price Vonage Holdings is available for.
Intrinsic value
>50%
Share price is €6.45 vs Future cash flow value of €17.83
Current Discount Checks
For Vonage Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Vonage Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Vonage Holdings'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 Vonage Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Vonage Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:V1Y PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-0.08
NasdaqGS:VG Share Price ** NasdaqGS (2020-03-27) in USD $7.1
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 Vonage Holdings.

DB:V1Y PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:VG Share Price ÷ EPS (both in USD)

= 7.1 ÷ -0.08

-88.2x

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

  • Vonage Holdings is loss making, we can't compare its value to the Europe Telecom industry average.
  • Vonage Holdings is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Vonage Holdings's expected growth come at a high price?
Raw Data
DB:V1Y PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -88.2x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
25.4%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 Vonage Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Vonage Holdings's assets?
Raw Data
DB:V1Y PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $2.34
NasdaqGS:VG Share Price * NasdaqGS (2020-03-27) in USD $7.1
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:V1Y PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:VG Share Price ÷ Book Value per Share (both in USD)

= 7.1 ÷ 2.34

3.04x

* Primary Listing of Vonage Holdings.

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

  • Vonage Holdings is overvalued based on assets compared to the DE Telecom industry average.
X
Value checks
We assess Vonage 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. Vonage Holdings has a total score of 2/6, 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.

V1Y Future Performance

 How is Vonage Holdings expected to perform in the next 1 to 3 years based on estimates from 12 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
25.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Vonage Holdings expected to grow at an attractive rate?
  • Vonage Holdings's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Vonage Holdings's earnings growth is expected to exceed the Germany market average.
  • Vonage Holdings's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:V1Y Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:V1Y Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 25.4%
DB:V1Y Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 5.2%
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:V1Y Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:V1Y Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 1,457 158 47 2
2021-12-31 1,296 113 -18 11
2020-12-31 1,195 98 -21 12
2020-03-27
DB:V1Y Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 1,189 93 -19
2019-09-30 1,153 89 -24
2019-06-30 1,112 85 7
2019-03-31 1,075 102 11
2018-12-31 1,049 123 36
2018-09-30 1,029 142 -13
2018-06-30 1,021 161 -12
2018-03-31 1,013 134 -15
2017-12-31 1,002 128 -34
2017-09-30 995 104 19
2017-06-30 990 84 16
2017-03-31 972 93 11

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Vonage Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Vonage Holdings's revenue is expected to grow by 5.2% 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:V1Y 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 12 Analyst Estimates (S&P Global) See Below

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

DB:V1Y Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.18 0.18 0.18 1.00
2021-12-31 -0.07 0.01 -0.16 8.00
2020-12-31 -0.09 -0.01 -0.14 8.00
2020-03-27
DB:V1Y Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -0.08
2019-09-30 -0.10
2019-06-30 0.03
2019-03-31 0.04
2018-12-31 0.15
2018-09-30 -0.05
2018-06-30 -0.05
2018-03-31 -0.07
2017-12-31 -0.15
2017-09-30 0.09
2017-06-30 0.07
2017-03-31 0.05

*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.
  • Vonage Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Vonage 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.
Vonage Holdings has a total score of 4/6, 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.

V1Y Past Performance

  How has Vonage 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 Vonage 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.
  • Vonage Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Vonage Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Vonage Holdings's 1-year growth to the Europe Telecom industry average as it is not currently profitable.
Earnings and Revenue History
Vonage 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 Vonage Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:V1Y 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 1,189.35 -19.48 515.53 69.46
2019-09-30 1,153.46 -24.05 493.98 66.95
2019-06-30 1,112.46 6.64 481.02 64.36
2019-03-31 1,074.75 10.67 459.04 57.85
2018-12-31 1,048.78 35.73 437.13 52.14
2018-09-30 1,029.00 -12.60 428.71 43.14
2018-06-30 1,020.55 -11.59 417.10 35.79
2018-03-31 1,012.51 -15.32 423.49 32.08
2017-12-31 1,002.29 -33.93 435.79 29.63
2017-09-30 995.03 19.30 463.28 29.60
2017-06-30 990.31 15.74 468.85 30.72
2017-03-31 972.14 11.13 471.08 31.30
2016-12-31 955.62 13.15 454.27 29.76
2016-09-30 938.98 18.60 450.37 29.07
2016-06-30 913.98 14.99 459.45 27.83
2016-03-31 902.17 23.12 452.27 27.45
2015-12-31 895.07 25.04 457.05 27.22
2015-09-30 879.48 31.64 444.93 26.69
2015-06-30 870.83 35.53 447.05 24.85
2015-03-31 867.85 34.07 456.17 22.07
2014-12-31 868.85 29.71 469.95 20.87
2014-09-30 865.54 23.29 465.13 14.48
2014-06-30 854.82 20.17 471.18 9.49
2014-03-31 840.71 20.73 472.85 5.41
2013-12-31 829.07 29.43 446.65 14.79
2013-09-30 831.56 37.53 475.16
2013-06-30 835.16 46.54 462.99
2013-03-31 842.30 35.75 454.23

*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 Vonage Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Vonage Holdings used its assets less efficiently than the Europe Telecom industry average last year based on Return on Assets.
  • It is difficult to establish if Vonage Holdings 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 Vonage 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.
Vonage Holdings 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.

V1Y Health

 How is Vonage 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 Vonage Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Vonage Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Vonage Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Vonage 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.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.3x 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 Vonage Holdings Company Filings, last reported 2 months ago.

DB:V1Y Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 567.06 497.16 23.62
2019-09-30 534.77 508.77 18.74
2019-06-30 557.64 517.92 17.96
2019-03-31 530.14 558.27 18.25
2018-12-31 535.77 519.23 5.06
2018-09-30 537.89 210.67 25.74
2018-06-30 519.11 198.31 26.08
2018-03-31 512.20 232.92 23.54
2017-12-31 472.90 233.80 31.36
2017-09-30 509.61 278.11 29.87
2017-06-30 482.17 314.70 26.83
2017-03-31 445.35 329.29 26.52
2016-12-31 436.54 318.87 29.68
2016-09-30 440.73 343.45 39.80
2016-06-30 415.08 358.03 32.41
2016-03-31 392.51 196.75 45.49
2015-12-31 388.74 210.39 67.63
2015-09-30 378.40 244.03 69.31
2015-06-30 367.20 167.00 58.02
2015-03-31 351.86 172.00 60.56
2014-12-31 343.50 156.03 47.96
2014-09-30 331.34 95.00 63.99
2014-06-30 335.73 90.00 54.96
2014-03-31 338.65 95.83 54.27
2013-12-31 338.04 121.67 84.66
2013-09-30 316.42 52.50 99.92
2013-06-30 320.14 58.33 98.55
2013-03-31 321.57 64.17 105.89
  • Vonage Holdings's level of debt (87.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (45.5% vs 87.7% today).
  • Debt is not well covered by operating cash flow (18.7%, less than 20% of total debt).
  • Vonage Holdings is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Vonage 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. Vonage 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.

V1Y Dividends

 What is Vonage 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 Vonage Holdings dividends. Estimated to be 0% next year.
If you bought €2,000 of Vonage 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 Vonage Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Vonage 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:V1Y 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 12 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:V1Y 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 Vonage Holdings has not reported any payouts.
  • Unable to verify if Vonage Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Vonage Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Vonage Holdings has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Vonage Holdings's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Vonage Holdings'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 Vonage Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Vonage 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.

V1Y Management

 What is the CEO of Vonage 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
Alan Masarek
COMPENSATION $9,098,381
AGE 58
TENURE AS CEO 5.3 years
CEO Bio

Mr. Alan B. Masarek has been the Chief Executive Officer of Vonage Holdings Corporation since November 6, 2014. Mr. Masarek served as the Chairman and Chief Executive Officer of AdOutlet.com Inc. from April 1999 to September 2001. He was Co-Founder of AdOutlet.com. He served as the Chief Executive Officer of Quickoffice Inc. (which was acquired by Google) from October 15, 2007 to 2012. He served as the President and Chief Financial Officer of Quickoffice Inc., which he co-founded in 1994. He joined Google in 2012. He served as the President and Chief Operating Officer of AHT Corporation. While at AHT, he was responsible for the strategic transformation of it from a development-stage healthcare information technology company into a large-scale public organization. He served as the President of Advanced Health Corporation from September 1995 to March 1999, where he led it from development stage through its growth into a publicly-traded services and IT company. He led all operational functions, overseeing of AHT Corporation,'s growth to 400 employees in nine separate offices, providing services to 2,400 physicians and 45 hospital-based integrated delivery systems. He served as the President and Chief Financial Officer of Mobile Digital Media Inc. and Co-founded it. He has more than 15 years of experience in finance, start-ups and management, including three years as a Principal in The NTC Group,. Prior to co-founding MDM in 2002, Mr. Masarek served as Managing Director of Calvary Capital & Advisory, LLC, a boutique private equity firm specializing in the management and long-term financing of small to mid-size businesses. Mr. Masarek served as a Certified Public Accountant with Arthur Anderson & Co. for five-years. He has been a Director of CircleBack, Inc. since September 16, 2015. He has been a Director of Vonage Holdings Corporation since November 06, 2014. Mr. Masarek served as Director of Chrome & Apps. at Google, Inc. until 2014. He served as a Director of Quickoffice, Inc. until 2012. He served as a Director of AHT Corporation. He served as a Director at Mobile Digital Media Inc. He holds a BBA from the University of Georgia, where he graduated Magna Cum Laude in Accounting. Mr. Masarek has an MBA with distinction from Harvard University Graduate School of Business. He is Interim Applications Group President at Vonage Holdings Corp. since April 30, 2019.

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

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

4.3
Average Tenure
48
Average Age
  • The tenure for the Vonage Holdings management team is about average.
Management Team

Jeff Citron

TITLE
Founder & Non-Executive Chairman of the Board
COMPENSATION
$297K
AGE
48
TENURE
19.2 yrs

Alan Masarek

TITLE
CEO, Director & Interim Applications Group President
COMPENSATION
$9M
AGE
58
TENURE
5.3 yrs

Dave Pearson

TITLE
CFO & Treasurer
COMPENSATION
$3M
AGE
53
TENURE
6.8 yrs

Omar Javaid

TITLE
President of API Platform Group
COMPENSATION
$2M
AGE
47
TENURE
4.6 yrs

David Levi

TITLE
Senior VP
AGE
58
TENURE
2.9 yrs

Sagi Dudai

TITLE
Chief Technology Officer
AGE
45
TENURE
2 yrs

Hunter Blankenbaker

TITLE
Vice President of Investor Relations

Randy Rutherford

TITLE
Chief Legal Officer & Secretary
AGE
45
TENURE
3.3 yrs

Rishi Dave

TITLE
Chief Marketing Officer
AGE
44
TENURE
1.4 yrs

Sue Quackenbush

TITLE
Chief Human Resources Officer
AGE
54
TENURE
4.3 yrs
Board of Directors Tenure

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

5.2
Average Tenure
55.5
Average Age
  • The tenure for the Vonage Holdings board of directors is about average.
Board of Directors

Alan Masarek

TITLE
CEO, Director & Interim Applications Group President
COMPENSATION
$9M
AGE
58
TENURE
5.3 yrs

John Roberts

TITLE
Lead Independent Director
COMPENSATION
$245K
AGE
74
TENURE
5.1 yrs

Jeff Citron

TITLE
Founder & Non-Executive Chairman of the Board
COMPENSATION
$297K
AGE
48
TENURE
19.2 yrs

Carolyn Katz

TITLE
Independent Director
COMPENSATION
$215K
AGE
57
TENURE
6.2 yrs

Gary Steele

TITLE
Independent Director
COMPENSATION
$195K
AGE
57
TENURE
3.8 yrs

Steve Fisher

TITLE
Independent Director
COMPENSATION
$195K
AGE
54
TENURE
7.2 yrs

Naveen Chopra

TITLE
Independent Director
COMPENSATION
$200K
AGE
45
TENURE
5.7 yrs

Hamid Akhavan

TITLE
Independent Director
COMPENSATION
$195K
AGE
58
TENURE
3.3 yrs

Mike McConnell

TITLE
Independent Director
AGE
53
TENURE
1 yrs

Priscilla Hung

TITLE
Director
AGE
52
TENURE
0.6 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 (€)
28. Aug 19 Sell David Levi Individual 21. Aug 19 21. Aug 19 -4,113 €12.05 €-49,558
22. May 19 Sell Omar Javaid Individual 21. May 19 21. May 19 -140,000 €10.60 €-1,483,458
16. May 19 Sell Jeffrey Citron Individual 14. May 19 16. May 19 -250,000 €10.36 €-2,556,891
X
Management checks
We assess Vonage 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. Vonage 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.

V1Y News

Simply Wall St News

V1Y Company Info

Description

Vonage Holdings Corp. provides cloud communications services for businesses and consumers. It operates through two segments, Business and Consumer. The Business segment offers cloud-based Unified Communications as a Service solutions, such as integrated voice, text, video, data, collaboration, contact center, and mobile applications through flexible, scalable Session Initiation protocol based VoIP network; Communications Platform as a Service solutions to developers designed to enhance the businesses communicate with customers by embedding communications into apps, Websites, and business processes; and Vonage Business Cloud and Vonage Enterprise services. The Consumer segment provides home telephone services through various service plans with basic features, including voicemail, call waiting, call forwarding, simulring, visual voicemail, and extensions, as well as area code selection, virtual phone number, and Web-enabled voicemail. It also offers Vonage World and Vonage North America consumer plans. In addition, the company provides Vonage-enabled devices, which allow customers to use the Internet connection for their computer and telephones at the same time; and high-speed broadband Internet service that allows calls over the Internet either from a telephone through a Vonage-enabled device, or through soft phone software, or mobile client applications. Further, it sells its products through its sales agents, Websites, and toll free numbers for consumers and businesses in the United States, Canada, the United Kingdom, the European Union, and Asia. The company has a strategic alliance with Grant Thornton UK LLP. Vonage Holdings Corp. was incorporated in 2000 and is headquartered in Holmdel, New Jersey.

Details
Name: Vonage Holdings Corp.
V1Y
Exchange: DB
Founded: 2000
$1,507,328,073
242,918,708
Website: http://www.vonage.com
Address: Vonage Holdings Corp.
23 Main Street,
Holmdel,
New Jersey, 07733,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS VG Common Stock Nasdaq Global Select US USD 24. May 2006
DB V1Y Common Stock Deutsche Boerse AG DE EUR 24. May 2006
BRSE V1Y Common Stock Berne Stock Exchange CH CHF 24. May 2006
Number of employees
Current staff
Staff numbers
2,264
Vonage Holdings employees.
Industry
Alternative Carriers
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/27 21:31
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2020/03/26
Last earnings filing: 2020/02/21
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.