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Monitronics International, Inc., doing business as Brinks Home Security, provides security alarm monitoring and related services to residential and commercial customers in the United States, Canada, and Puerto Rico. The last earnings update was 22 days ago. More info.
7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
---|---|---|---|---|---|---|
Monitronics International (SCTY) | -1.1% | 20.8% | 15.5% | - | - | - |
US Commercial Services | -1.7% | -0.1% | 2.5% | 18.7% | 45.9% | 79.4% |
US Market | -1.4% | 1.3% | 4.6% | 14.5% | 35.7% | 48.6% |
Below are the data sources, inputs and calculation used to determine the intrinsic value for Monitronics International.
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 | 12.6% |
Perpetual Growth Rate | 10-Year US Government Bond Rate | 1.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
Data Point | Calculation/ Source | Result |
---|---|---|
Risk-Free Rate | 10-Year US Govt Bond Rate | 1.7% |
Equity Risk Premium | S&P Global | 5.4% |
Commercial Services Unlevered Beta | Simply Wall St/ S&P Global | 0.66 |
Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.66 (1 + (1- 21%) (485.35%)) |
2.468 |
Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
2 |
Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (2 * 5.44%) |
12.62% |
Discounted Cash Flow Calculation for OTCPK:SCTY using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Monitronics International 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.
Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 12.62%) |
|
---|---|---|---|
2020 | 15.94 | Est @ 21.19% | 14.15 |
2021 | 18.38 | Est @ 15.36% | 14.50 |
2022 | 20.46 | Est @ 11.27% | 14.32 |
2023 | 22.18 | Est @ 8.41% | 13.79 |
2024 | 23.60 | Est @ 6.41% | 13.03 |
2025 | 24.78 | Est @ 5.01% | 12.15 |
2026 | 25.78 | Est @ 4.03% | 11.22 |
2027 | 26.64 | Est @ 3.34% | 10.30 |
2028 | 27.40 | Est @ 2.86% | 9.40 |
2029 | 28.10 | Est @ 2.52% | 8.56 |
Present value of next 10 years cash flows | $121.00 |
Calculation | Result | |
---|---|---|
Terminal Value |
= FCF2029
× (1 + g) ÷ (Discount Rate – g)
= $28.10 × (1 + 1.74%) ÷ (12.62% – 1.74%) |
$262.72 |
Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $262.72 ÷ (1 + 12.62%)10 |
$80.05 |
Calculation | Result | |
---|---|---|
Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $121.00 + $80.05 |
$201.05 |
Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $201.05 / 22.51 |
$8.93 |
Calculation | Result | |
---|---|---|
Value per share (USD) | From above. | $8.93 |
Current discount | Discount to share price of
$9.30
= -1 x ($9.30 - $8.93) / $8.93 |
-4.1% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Data Point | Source | Value |
---|---|---|
Earnings Per Share * | Company Filings (2019-09-30) in USD | $-17.23 |
OTCPK:SCTY Share Price ** | OTCPK (2019-12-05) in USD | $9.3 |
United States of America Commercial Services Industry PE Ratio | Median Figure of 51 Publicly-Listed Commercial Services Companies | 26.44x |
United States of America Market PE Ratio | Median Figure of 2,924 Publicly-Listed Companies | 18.23x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Monitronics International.
Calculation | Outcome | |
---|---|---|
PE Ratio | = OTCPK:SCTY Share Price ÷ EPS (both in USD) = 9.3 ÷ -17.23 |
-0.54x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Data Point | Source | Value |
---|---|---|
PE Ratio | See PE Ratio Section | -0.54x |
Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts |
Not available |
United States of America Commercial Services Industry PEG Ratio | Median Figure of 34 Publicly-Listed Commercial Services Companies | 1.77x |
United States of America Market PEG Ratio | Median Figure of 2,045 Publicly-Listed Companies | 1.45x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Data Point | Source | Value |
---|---|---|
Book Value per Share | Company Filings (2019-09-30) in USD | $16.38 |
OTCPK:SCTY Share Price * | OTCPK (2019-12-05) in USD | $9.3 |
United States of America Commercial Services Industry PB Ratio | Median Figure of 88 Publicly-Listed Commercial Services Companies | 1.99x |
United States of America Market PB Ratio | Median Figure of 5,086 Publicly-Listed Companies | 1.77x |
Calculation | Outcome | |
---|---|---|
PB Ratio | = OTCPK:SCTY Share Price ÷ Book Value per Share (both in USD) = 9.3 ÷ 16.38 |
0.57x |
* Primary Listing of Monitronics International.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Data Point | Source | Value (per year) |
---|---|---|
OTCPK:SCTY Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts | 70.7% |
United States of America Commercial Services Industry Earnings Growth Rate | Market Cap Weighted Average | 18.7% |
United States of America Commercial Services Industry Revenue Growth Rate | Market Cap Weighted Average | 5.7% |
United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.2% |
United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.4% |
*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.
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 |
Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
---|---|---|---|---|
2020-12-31 | 407,104 | 1 | ||
2019-12-31 | 483,682 | 1 |
Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
---|---|---|---|
2019-09-30 | 513 | 159 | -388 |
2019-06-30 | 529 | 137 | -411 |
2019-03-31 | 536 | 103 | -684 |
2018-12-31 | 540 | 105 | -679 |
2018-09-30 | 539 | 97 | -316 |
2018-06-30 | 541 | 137 | -308 |
2018-03-31 | 546 | 148 | -116 |
2017-12-31 | 553 | 150 | -111 |
2017-09-30 | 561 | 159 | -113 |
2017-06-30 | 565 | 180 | -111 |
2017-03-31 | 568 | 188 | -77 |
2016-12-31 | 570 | 191 | -76 |
*GAAP earnings excluding extraordinary items.
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 Monitronics International Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
---|---|---|---|---|
2020-12-31 | ||||
2019-12-31 |
Date (Data in USD Millions) | EPS * |
---|---|
2019-09-30 | -17.23 |
2019-06-30 | |
2019-03-31 | |
2018-12-31 | |
2018-09-30 | |
2018-06-30 | |
2018-03-31 | |
2017-12-31 | |
2017-09-30 | |
2017-06-30 | |
2017-03-31 | |
2016-12-31 |
*GAAP earnings excluding extraordinary items.
How has Monitronics International performed over the past 5 years?
All data from Monitronics International Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
---|---|---|---|---|
2019-09-30 | 513.01 | -387.72 | 123.61 | |
2019-06-30 | 529.29 | -410.75 | 126.81 | |
2019-03-31 | 536.21 | -684.31 | 129.20 | |
2018-12-31 | 540.36 | -678.75 | 131.44 | |
2018-09-30 | 539.47 | -316.48 | 127.88 | |
2018-06-30 | 540.52 | -308.18 | 131.65 | |
2018-03-31 | 546.01 | -116.49 | 129.52 | |
2017-12-31 | 553.46 | -111.30 | 127.90 | |
2017-09-30 | 560.59 | -113.24 | 124.77 | |
2017-06-30 | 565.15 | -110.71 | 114.29 | |
2017-03-31 | 568.30 | -77.11 | 112.00 | |
2016-12-31 | 570.37 | -76.31 | 114.15 | |
2016-09-30 | 571.24 | -86.43 | 107.84 | |
2016-06-30 | 570.32 | -84.85 | 109.39 | |
2016-03-31 | 568.21 | -84.32 | 106.40 | |
2015-12-31 | 563.36 | -72.45 | 102.36 | |
2015-09-30 | 557.67 | -50.74 | 98.34 | |
2015-06-30 | 551.85 | -37.66 | 90.97 | |
2015-03-31 | 545.00 | -30.20 | 86.75 | |
2014-12-31 | 539.45 | -29.72 | 85.76 | |
2014-09-30 | 536.35 | -38.85 | 83.93 | |
2014-06-30 | 516.16 | -35.00 | 83.33 | |
2014-03-31 | 483.74 | -25.89 | 79.44 | |
2013-12-31 | 451.03 | -16.69 | 73.43 | |
2013-09-30 | 413.37 | -6.70 | 70.28 | |
2013-06-30 | 382.19 | -7.31 | 65.07 | |
2013-03-31 | 363.23 | -11.66 | 61.61 | |
2012-12-31 | 344.95 | -16.78 | 60.05 |
*GAAP earnings excluding extraordinary items.
How is Monitronics International's financial health and their level of debt?
All data from Monitronics International Company Filings, last reported 2 months ago.
Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
---|---|---|---|
2019-09-30 | 368.59 | 994.00 | 28.59 |
2019-06-30 | -678.86 | 1,838.90 | 11.50 |
2019-03-31 | -623.78 | 1,848.19 | 23.93 |
2018-12-31 | -588.98 | 1,822.49 | 2.19 |
2018-09-30 | -202.91 | 1,807.26 | 26.84 |
2018-06-30 | -167.70 | 1,734.55 | 2.10 |
2018-03-31 | 68.22 | 1,728.89 | 27.90 |
2017-12-31 | 102.74 | 1,731.79 | 3.30 |
2017-09-30 | 115.93 | 1,748.95 | 28.25 |
2017-06-30 | 140.21 | 1,733.58 | 2.83 |
2017-03-31 | 195.36 | 1,738.07 | 28.99 |
2016-12-31 | 214.95 | 1,715.73 | 3.18 |
2016-09-30 | 212.23 | 1,736.10 | 28.69 |
2016-06-30 | 237.03 | 1,708.73 | 2.13 |
2016-03-31 | 257.60 | 1,704.33 | 29.00 |
2015-12-31 | 201.07 | 1,758.12 | 2.58 |
2015-09-30 | 223.42 | 1,776.98 | 28.59 |
2015-06-30 | 253.24 | 1,726.87 | 3.69 |
2015-03-31 | 267.86 | 1,716.95 | 25.43 |
2014-12-31 | 257.57 | 1,634.57 | 1.95 |
2014-09-30 | 266.29 | 1,661.65 | 32.09 |
2014-06-30 | 270.84 | 1,631.49 | 6.10 |
2014-03-31 | 282.50 | 1,625.96 | 31.44 |
2013-12-31 | 292.66 | 1,608.81 | 4.36 |
2013-09-30 | 299.11 | 1,621.42 | 29.45 |
2013-06-30 | 273.99 | 1,128.77 | 1.54 |
2013-03-31 | 262.37 | 1,127.58 | 21.04 |
2012-12-31 | 258.92 | 1,120.74 | 3.43 |
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
What is Monitronics International's current dividend yield, its reliability and sustainability?
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 |
United States of America Commercial Services Industry Average Dividend Yield | Market Cap Weighted Average of 39 Stocks | 1.6% |
United States of America Market Average Dividend Yield | Market Cap Weighted Average of 1958 Stocks | 2.3% |
United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
---|---|---|
2020-12-31 | ||
2019-12-31 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Mr. Jeffery R. Gardner, also known as Jeff, Founded Gardner Capital Management in February 2015 and serves as its Principal. Mr. Gardner has been the Chief Executive Officer and President of Monitronics International, Inc. since September 2015 and serves as its Director since August 30, 2019. He has been in the communications industry since 1986. He has experience in the telecommunications industry and has specific expertise in the areas of operations management, strategic development, finance, accounting and financial reporting. He had been an Executive Vice President of Ascent Capital Group, Inc. since September 2015 until August 30, 2019. Mr. Gardner served as Senior Adviser to the Chief Executive Officer at Windstream Holdings, Inc. (formerly Windstream Corporation) since December 2014. He served as Chief Executive Officer and President of Windstream Holdings, Inc. from December 2005 to December 11, 2014 and also served as its Chief Operating Officer since August 17, 2007. He served as the Chief Executive Officer and President at Windstream Communications, Inc. He served as the President and Chief Executive Officer of New Wireline Company since January 2006. He served as an Executive Vice President and Chief Financial Officer at Alltel Corporation from January 2000 to January 5, 2006 and was responsible for its Finance and Accounting Functions. His responsibilities also included Alltel's capital markets, budgeting and forecasting, Strategic Planning, Accounting, Procurement, Tax and Operational Support. From August 1998 to January 2000, he served as Senior Vice President of Finance and Treasurer at Alltel. He served as Senior Vice President at Alltel Corporation. He joined Alltel in 1998. He served as a Senior Vice President of Finance of 360°, which included treasury, accounting and capital markets since July 1997. Mr. Gardner served as President of Mid-Atlantic Regional Operations at 360 Degree Communications from February 1994 to June 1997; its Vice President and General Manager of its Las Vegas Market; and also served as its Director of Finance. He serves as Chairman of the Arkansas Research Alliance and as Chairman of the advisory board for the University of Arkansas for Medical Sciences (UAMS) Center for Distance Health. From 2012 to 2013, he served as Chairman of the United States Telecom Association. He has been an Independent Director of Qorvo, Inc. since January 1, 2015; CalAmp Corp. since January 2015 and Alltel Holding Corp., since December 2005. He serves on the foundation board at UAMS. He had been a Director of Ascent Capital Group, Inc. since November 4, 2016 until August 30, 2019. He serves as a Director of Arkansas Children's Hospital, Darlington School and Loras College. He served as a Director of Windstream Holdings, Inc., from 2005 to February 1, 2015; Qorvo, Inc., since November 2004; RF Micro Devices Inc. (RFMD) from November 2, 2004 to 2015, TriQuint Semiconductor, Inc and Alltel Corporation. He was a Member of the Business Roundtable, an association of chief executive officers of leading U.S. companies. He was named a national finalist for the Ernst & Young LLP Entrepreneur of the Year 2010® Award in telecommunications. He is a National Association of Corporate Directors (NACD) Leadership Fellow and NACD Governance Fellow, having completed the NACD’s program for corporate directors. He is a Certified Public Accountant. Mr. Gardner received Bachelor of Science degree in Finance from Purdue University and a Master's degree in Business Administration from the College of William and Mary.
Average tenure and age of the Monitronics International management team in years:
Average tenure and age of the Monitronics International board of directors in years:
Monitronics International, Inc., doing business as Brinks Home Security, provides security alarm monitoring and related services to residential and commercial customers in the United States, Canada, and Puerto Rico. It provides monitoring services for alarm signals arising from burglaries, fires, medical alerts, and other events through security systems at subscribers' premises. The company also offers home automation services, such as remote activation and control of security systems; support for video monitoring, flood sensors, and automated garage door and door lock capabilities; thermostat integration services; and differentiated go-to-market strategy through direct response TV, Internet and radio advertising. In addition, it provides hands-free two-way interactive voice communication between its monitoring center and customers; customer and technical support related services to home monitoring systems and home automation services; and do-it-yourself home security services comprising monitored security services through a direct-to-customer sales channel. It serves its customers through a network of authorized dealers. The company was founded in 1994 and is based in Farmers Branch, Texas. Monitronics International, Inc. is a subsidiary of Ascent Capital Group, Inc. On June 30, 2019, Monitronics International, Inc., along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas.
Name: | Monitronics International, Inc. |
SCTY | |
Exchange: | OTCPK |
Founded: | 1994 |
$208,872,263 | |
22,507,787 | |
Website: | http://brinkshome.com |
Address: |
Monitronics International, Inc. 1990 Wittington Place, Farmers Branch, Texas, 75234, United States |
Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
---|---|---|---|---|---|---|---|
OTCPK | SCTY | Common Stock | Pink Sheets LLC | US | USD | 04. Sep 2019 |
Security and Alarm Services | |
Commercial Services |
Area | Date (UTC time) |
---|---|
Company Analysis updated: | 2019/12/06 00:54 |
End of day share price update: | 2019/12/05 00:00 |
Last estimates confirmation: | 2019/11/20 |
Last earnings filing: | 2019/11/14 |
Last earnings reported: | 2019/09/30 |
Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.