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Cable One

NYSE:CABO
Snowflake Description

High growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CABO
NYSE
$9B
Market Cap
  1. Home
  2. US
  3. Media
Company description

Cable One, Inc. owns and operates cable systems that provide data, video, and voice services. The last earnings update was 34 days ago. More info.


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CABO Share Price and Events
7 Day Returns
-0.8%
NYSE:CABO
-0.8%
US Media
1.1%
US Market
1 Year Returns
77.2%
NYSE:CABO
17.4%
US Media
17.8%
US Market
CABO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Cable One (CABO) -0.8% 2.5% 21.9% 77.2% 148% -
US Media -0.8% -3.1% -1.6% 17.4% 15.1% 28.6%
US Market 1.1% 1.4% 3.9% 17.8% 35.4% 52.4%
1 Year Return vs Industry and Market
  • CABO outperformed the Media industry which returned 17.4% over the past year.
  • CABO outperformed the Market in United States of America which returned 17.8% over the past year.
Price Volatility
CABO
Industry
5yr Volatility vs Market
Related Companies

CABO Value

 Is Cable One 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 Cable One 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 Cable One.

NYSE:CABO Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.7%
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.

Calculation of Discount Rate/ Cost of Equity for NYSE:CABO
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Media Unlevered Beta Simply Wall St/ S&P Global 0.76
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.759 (1 + (1- 21%) (16.39%))
0.904
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.9
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (0.904 * 5.44%)
6.66%

Discounted Cash Flow Calculation for NYSE:CABO using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Cable One 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.

NYSE:CABO DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.66%)
2020 247.39 Analyst x7 231.95
2021 323.14 Analyst x2 284.04
2022 375.00 Analyst x1 309.05
2023 412.86 Est @ 10.1% 319.00
2024 444.19 Est @ 7.59% 321.77
2025 470.10 Est @ 5.83% 319.28
2026 491.75 Est @ 4.61% 313.13
2027 510.17 Est @ 3.75% 304.57
2028 526.21 Est @ 3.14% 294.53
2029 540.54 Est @ 2.72% 283.66
Present value of next 10 years cash flows $2,980.00
NYSE:CABO DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $540.54 × (1 + 1.74%) ÷ (6.66% – 1.74%)
$11,176.98
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $11,176.98 ÷ (1 + 6.66%)10
$5,865.35
NYSE:CABO Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,980.00 + $5,865.35
$8,845.35
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $8,845.35 / 5.71
$1548.77
NYSE:CABO Discount to Share Price
Calculation Result
Value per share (USD) From above. $1,548.77
Current discount Discount to share price of $1,529.00
= -1 x ($1,529.00 - $1,548.77) / $1,548.77
1.3%

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

Current Discount
Amount off the current price Cable One is available for.
Intrinsic value
1%
Share price is $1529 vs Future cash flow value of $1548.77
Current Discount Checks
For Cable One to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Cable One's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Cable One'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 Cable One's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Cable One's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:CABO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $29.42
NYSE:CABO Share Price ** NYSE (2019-12-11) in USD $1529
United States of America Media Industry PE Ratio Median Figure of 39 Publicly-Listed Media Companies 14.2x
United States of America Market PE Ratio Median Figure of 2,928 Publicly-Listed Companies 18.42x

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

** Primary Listing of Cable One.

NYSE:CABO PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 1529 ÷ 29.42

51.97x

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

  • Cable One is overvalued based on earnings compared to the US Media industry average.
  • Cable One is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Cable One's expected growth come at a high price?
Raw Data
NYSE:CABO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 51.97x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
22.3%per year
United States of America Media Industry PEG Ratio Median Figure of 30 Publicly-Listed Media Companies 1.08x
United States of America Market PEG Ratio Median Figure of 2,039 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

NYSE:CABO PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 51.97x ÷ 22.3%

2.33x

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

  • Cable One is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Cable One's assets?
Raw Data
NYSE:CABO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $135.69
NYSE:CABO Share Price * NYSE (2019-12-11) in USD $1529
United States of America Media Industry PB Ratio Median Figure of 75 Publicly-Listed Media Companies 1.34x
United States of America Market PB Ratio Median Figure of 5,092 Publicly-Listed Companies 1.78x
NYSE:CABO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1529 ÷ 135.69

11.27x

* Primary Listing of Cable One.

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

  • Cable One is overvalued based on assets compared to the US Media industry average.
X
Value checks
We assess Cable One'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 Media 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 Media industry average (and greater than 0)? (1 check)
  5. Cable One 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.

CABO Future Performance

 How is Cable One expected to perform in the next 1 to 3 years based on estimates from 7 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
22.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Cable One expected to grow at an attractive rate?
  • Cable One's earnings growth is expected to exceed the low risk savings rate of 1.7%.
Growth vs Market Checks
  • Cable One's earnings growth is expected to exceed the United States of America market average.
  • Cable One's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:CABO Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:CABO Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 22.3%
NYSE:CABO Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 8%
United States of America Media Industry Earnings Growth Rate Market Cap Weighted Average 15.6%
United States of America Media Industry Revenue Growth Rate Market Cap Weighted Average 3.6%
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.

Analysts growth expectations
Raw Data
NYSE:CABO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:CABO Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 1,446 623 339 1
2021-12-31 1,362 598 299 3
2020-12-31 1,279 500 239 7
2019-12-31 1,157 450 184 7
2019-12-12
NYSE:CABO Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 1,119 435 167
2019-06-30 1,102 424 155
2019-03-31 1,085 417 163
2018-12-31 1,072 408 165
2018-09-30 1,060 412 267
2018-06-30 1,046 390 260
2018-03-31 1,018 341 244
2017-12-31 960 324 235
2017-09-30 909 283 117
2017-06-30 861 262 107
2017-03-31 824 258 106
2016-12-31 819 257 100

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Cable One's earnings are expected to grow significantly at over 20% yearly.
  • Cable One's revenue is expected to grow by 8% 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
NYSE:CABO 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 7 Analyst Estimates (S&P Global) See Below

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

NYSE:CABO Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 60.52 60.52 60.52 1.00
2021-12-31 51.49 55.95 47.16 3.00
2020-12-31 41.22 43.86 37.25 6.00
2019-12-31 31.34 31.67 30.81 6.00
2019-12-12
NYSE:CABO Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 29.42
2019-06-30 27.40
2019-03-31 28.68
2018-12-31 28.98
2018-09-30 46.96
2018-06-30 45.64
2018-03-31 42.85
2017-12-31 41.40
2017-09-30 20.65
2017-06-30 18.85
2017-03-31 18.59
2016-12-31 17.47

*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.
  • Cable One is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Cable One'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Cable One has a total score of 5/6, 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.

CABO Past Performance

  How has Cable One 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 Cable One's growth in the last year to its industry (Media).
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.
  • Cable One's year on year earnings growth rate has been positive over the past 5 years.
  • Cable One's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Cable One's 1-year earnings growth is negative, it can't be compared to the US Media industry average.
Earnings and Revenue History
Cable One'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 Cable One Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CABO Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 1,119.10 166.98 226.64
2019-06-30 1,102.38 155.46 228.40
2019-03-31 1,085.14 162.85 223.37
2018-12-31 1,072.30 164.76 218.10
2018-09-30 1,060.14 267.05 213.46
2018-06-30 1,045.71 259.63 207.91
2018-03-31 1,018.28 243.71 198.84
2017-12-31 959.96 235.17 192.79
2017-09-30 908.99 117.43 189.04
2017-06-30 860.69 107.40 181.49
2017-03-31 824.25 106.17 179.40
2016-12-31 819.35 100.32 179.28
2016-09-30 816.34 100.63 177.58
2016-06-30 809.02 99.17 179.11
2016-03-31 807.16 93.97 184.73
2015-12-31 807.27 91.82 190.05
2015-09-30 805.29 89.85 191.65
2015-06-30 806.76 139.64 193.06
2015-03-31 809.18 145.07 190.68
2014-12-31 814.81 147.31 188.86
2013-12-31 825.71 104.51 184.37
2012-12-31 804.99 93.91 180.78

*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.
  • Whilst Cable One has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Cable One used its assets more efficiently than the US Media industry average last year based on Return on Assets.
  • Cable One's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Cable One'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 Media 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.
Cable One has a total score of 2/6, 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.

CABO Health

 How is Cable One'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 Cable One's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Cable One is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Cable One's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Cable One'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 Cable One Company Filings, last reported 2 months ago.

NYSE:CABO Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 774.76 1,412.01 145.85
2019-06-30 762.91 1,294.45 102.28
2019-03-31 769.04 1,406.76 187.56
2018-12-31 775.36 1,167.37 264.11
2018-09-30 745.34 1,166.11 236.90
2018-06-30 715.93 1,169.42 203.52
2018-03-31 699.91 1,173.21 185.49
2017-12-31 676.45 1,184.05 161.75
2017-09-30 525.62 1,176.88 118.70
2017-06-30 503.15 1,178.71 89.79
2017-03-31 480.85 536.28 173.47
2016-12-31 469.28 545.12 138.04
2016-09-30 437.62 537.98 123.70
2016-06-30 431.73 538.81 102.74
2016-03-31 422.18 539.04 106.22
2015-12-31 435.35 547.96 119.20
2015-09-30 430.19 549.68 144.51
2015-06-30 414.04 550.00 105.47
2015-03-31 864.05 0.00 9.06
2014-12-31 853.29 7.38 6.41
2013-12-31 835.26 3.37 6.24
2012-12-31
  • Cable One's level of debt (182.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.8% vs 182.3% today).
  • Debt is well covered by operating cash flow (30.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.7x coverage).
X
Financial health checks
We assess Cable One'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. Cable One has a total score of 3/6, 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.

CABO Dividends

 What is Cable One'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
0.59%
Current annual income from Cable One dividends. Estimated to be 0.6% next year.
If you bought $2,000 of Cable One shares you are expected to receive $12 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?
  • Cable One's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Cable One's dividend is below the markets top 25% of dividend payers in United States of America (3.67%).
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
NYSE:CABO 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 7 Analyst Estimates (S&P Global) See Below
United States of America Media Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1962 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.

NYSE:CABO Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 10.50 1.00
2020-12-31 9.50 2.00
2019-12-31 8.38 2.00
2019-12-12
NYSE:CABO Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-11-05 9.000 0.602
2019-08-06 9.000 0.706
2019-05-17 8.000 0.681
2019-02-05 8.000 0.811
2018-11-05 8.000 0.933
2018-08-07 8.000 0.945
2018-05-08 7.000 0.995
2018-02-06 7.000 1.026
2017-11-07 7.000 1.006
2017-08-02 7.000 0.952
2017-05-02 6.000 0.841
2017-02-07 6.000 0.935
2016-11-01 6.000 0.995
2016-08-02 6.000 1.075
2016-05-03 6.000 1.192
2016-02-02 6.000 1.380
2015-11-03 6.000 1.368

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

  • Cable One is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
  • Cable One is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Cable One's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Cable One's dividends as it is not paying a notable one for United States of America.
Future Payout to shareholders
  • No need to calculate the sustainability of Cable One's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Cable One'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 Cable One afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Cable One 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.

CABO Management

 What is the CEO of Cable One'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
Julie Laulis
COMPENSATION $2,700,030
AGE 56
TENURE AS CEO 2.9 years
CEO Bio

Ms. Julia M. Laulis has been Chief Executive Officer and Director of Cable One, Inc. since January 01, 2017 and has been its President since January 2015. Ms. Laulis has been the Chairman of Cable One, Inc. since January 2018. Ms. Laulis is responsible for all three operation divisions and both call centers of Cable ONE. Ms. Laulis served as Chief Operating Officer at Cable One, Inc. from 2012 to January 01, 2017 and was responsible for sales, marketing, and technology. She served as Chief Operations Officer of Cable One, Inc. since 2008 and was responsible for the three operation divisions and two call centers. She joined the Cable One, Inc. in 1999 as Director of Marketing-NW Division. In 2001, she was named Vice President of Operations for the SW Division, where she was responsible for overall operations of 14 systems representing approximately 130,000 customers. In 2004, she accepted the additional responsibility for starting up Cable One’s Phoenix Customer Care Center. Prior to joining Cable ONE, she was with Jones Communications in the Washington, DC area and Denver, where she served in various marketing management positions. She became director of marketing in Jones' Denver headquarters and returned to the DC area as senior director of marketing when Jones became the largest cable operator in the region. Her more than ten-year tenure ended when Jones was purchased by Comcast in 1999. Ms. Laulis began her 30-plus-year career in the cable industry with Hauser Communications. She joined as a customer service representative and later became training coordinator, customer service manager and marketing manager. She serves as Director at Cable Television Laboratories Inc. She serves on the boards of C-SPAN, CableLabs and The Cable Center, and is a trustee of the C-SPAN Education Foundation. She graduated from Indiana University in Bloomington with a BA in telecommunications. She attended the Woman in Cable Betsy Magness Leadership Institute in 1998/1999. She also graduated from the Program for Management Development at the Harvard Business School in 2002. Cable FAX Magazine has named Laulis one of the Most Powerful Women in Cable for the past seven years running.

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

Average tenure and age of the Cable One management team in years:

2.8
Average Tenure
50.5
Average Age
  • The tenure for the Cable One management team is about average.
Management Team

Julie Laulis

TITLE
Chairwoman
COMPENSATION
$3M
AGE
56
TENURE
2.9 yrs

Steve Cochran

TITLE
Senior VP & CFO
COMPENSATION
$2M
AGE
48
TENURE
1.3 yrs

Mike Bowker

TITLE
Chief Operating Officer
COMPENSATION
$1M
AGE
50
TENURE
2.6 yrs

Peter Witty

TITLE
Senior VP
COMPENSATION
$2M
AGE
51
TENURE
1.7 yrs

Eric Lardy

TITLE
Senior Vice President
COMPENSATION
$981K
AGE
45
TENURE
2.9 yrs

Ken Johnson

TITLE
Senior Vice President of Technology Services
AGE
55
TENURE
1.6 yrs

Trish Niemann

TITLE
Corporate Communications Director

Tina Evangelista

TITLE
Vice President of Human Resources

Steve Fox

TITLE
Senior Vice President of Network Architecture
COMPENSATION
$726K
AGE
53
TENURE
11.9 yrs

Chip McDonald

TITLE
Senior Vice President of Operations
COMPENSATION
$1M
AGE
43
TENURE
3.9 yrs
Board of Directors Tenure

Average tenure and age of the Cable One board of directors in years:

4.4
Average Tenure
60.5
Average Age
  • The tenure for the Cable One board of directors is about average.
Board of Directors

Julie Laulis

TITLE
Chairwoman
COMPENSATION
$3M
AGE
56
TENURE
1.9 yrs

Tom Gayner

TITLE
Lead Independent Director
COMPENSATION
$264K
AGE
58
TENURE
4.4 yrs

Wally Weitz

TITLE
Independent Director
COMPENSATION
$237K
AGE
69
TENURE
4.4 yrs

Debbie Kissire

TITLE
Independent Director
COMPENSATION
$212K
AGE
61
TENURE
4.4 yrs

Tom Might

TITLE
Director
COMPENSATION
$172K
AGE
67
TENURE
24.9 yrs

Brad Brian

TITLE
Independent Director
COMPENSATION
$210K
AGE
66
TENURE
4.4 yrs

Alan Spoon

TITLE
Independent Director
COMPENSATION
$210K
AGE
68
TENURE
4.4 yrs

Katharine Weymouth

TITLE
Independent Director
COMPENSATION
$197K
AGE
52
TENURE
4.4 yrs

Mary Meduski

TITLE
Director
AGE
60
TENURE
0.4 yrs

Kris Miller

TITLE
Director
AGE
55
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • Cable One individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
20. Nov 19 Sell Katharine Weymouth Individual 18. Nov 19 18. Nov 19 -228 $1,509.50 $-344,166
17. Aug 19 Sell Michael Bowker Individual 15. Aug 19 15. Aug 19 -300 $1,246.80 $-374,040
19. Jun 19 Sell Eric Lardy Individual 17. Jun 19 17. Jun 19 -400 $1,145.00 $-458,000
19. Jun 19 Sell Michael Bowker Individual 17. Jun 19 17. Jun 19 -535 $1,163.50 $-613,872
15. Mar 19 Sell Donald Graham Individual 13. Mar 19 13. Mar 19 -6,900 $926.14 $-6,390,367
X
Management checks
We assess Cable One'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. Cable One 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.

CABO News

Simply Wall St News

Does Cable One, Inc.'s (NYSE:CABO) Stock Price Account For Its Growth?

As Warren Buffett’s right-hand man Charlie Munger said, “No matter how wonderful a business is, it’s not worth an infinite price.” Cable One is available at price-to-earnings ratio of 42.47x, showing us it is overvalued compared to the US market average ratio of 17.96x , and overvalued based on current earnings compared to the Media industry average of 17.72x. … However, since Cable One is a high-growth stock, we must also account for its earnings growth by using calculation called the PEG ratio. … Based on this growth, Cable One's stock can be considered overvalued , based on the fundamentals.

Simply Wall St -

Is Cable One, Inc.'s (NYSE:CABO) CEO Being Overpaid?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … View our latest analysis for Cable One How Does Julie Laulis's Compensation Compare With Similar Sized Companies? … Most shareholders would consider it a positive that Julie Laulis takes less total compensation than the CEOs of most similar size companies, leaving more for shareholders.

Simply Wall St -

Why Cable One, Inc.’s (NYSE:CABO) Return On Capital Employed Is Impressive

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Cable One: 0.12 = US$289m ÷ (US$2.6b - US$141m) (Based on the trailing twelve months to March 2019.) Therefore, Cable One has an ROCE of 12%. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE. … With low current liabilities, Cable One's decent ROCE looks that much more respectable.

Simply Wall St -

The Cable One (NYSE:CABO) Share Price Has Gained 132%, So Why Not Pay It Some Attention?

During three years of share price growth, Cable One achieved compound earnings per share growth of 21% per year. … In comparison, the 32% per year gain in the share price outpaces the EPS growth. … A Different Perspective Pleasingly, Cable One's total shareholder return last year was 69%.

Simply Wall St -

Why Cable One, Inc. (NYSE:CABO) Looks Like A Quality Company

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Cable One: 21% = US$163m ÷ US$769m (Based on the trailing twelve months to March 2019.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … In my book the highest quality companies have high return on equity, despite low debt. … If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

Simply Wall St -

Did Cable One, Inc. (NYSE:CABO) Insiders Sell Shares?

So we'll take a look at whether insiders have been buying or selling shares in Cable One, Inc. … That means that an insider was selling shares at slightly below the current price (US$1,052). … While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign

Simply Wall St -

A Look At The Fair Value Of Cable One, Inc. (NYSE:CABO)

I will be using the Discounted Cash Flow (DCF) model. … If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model? … We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows

Simply Wall St -

Does Cable One, Inc.'s (NYSE:CABO) Stock Price Account For Its Growth?

(NYSE:CABO) is considered a high growth stock. … Let’s look into this by assessing CABO's expected growth over the next few years. … Analysts are predicting good growth prospects for Cable One over the next couple of years

Simply Wall St -

Cable One, Inc. (NYSE:CABO) Earns Among The Best Returns In Its Industry

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … What is Return On Capital Employed (ROCE)? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

The Cable One (NYSE:CABO) Share Price Is Up 113% And Shareholders Are Boasting About It

(NYSE:CABO) share price is 113% higher than it was three years ago. … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … Cable One was able to grow its EPS at 23% per year over three years, sending the share price higher.

Simply Wall St -

CABO Company Info

Description

Cable One, Inc. owns and operates cable systems that provide data, video, and voice services. The company offers residential data services, including WiFi ONE, a Wi-Fi solution to enhance Wi-Fi signal throughout the home. It also provides residential video services, such as local networks; local community programming that includes governmental and public access; and other channels, which comprise weather, shopping, and religious channels, as well as digital video services, including national and regional cable networks, music channels, and an interactive electronic programming guide with parental controls. In addition, the company offers premium channels; and advanced video services, such as whole-home DVRs and high-definition set-top boxes, as well as TV Everywhere product, which enables its video customers to stream various channels and shows to mobile devices and computers. Further, it provides residential voice and international calling by the minute services. Additionally, the company offers data, voice, and video products to business customers that include small to mid-markets, enterprises, and wholesale and carrier customers; and digital advertising products, including Website construction, targeted display, and short- and long-form video production. As of February 27, 2019, it served approximately 800,000 residential and business customers in 21 Western, Midwestern, and Southern United States. Cable One, Inc. was incorporated in 1980 and is headquartered in Phoenix, Arizona.

Details
Name: Cable One, Inc.
CABO
Exchange: NYSE
Founded: 1980
$8,732,446,206
5,711,214
Website: http://www.cableone.net
Address: Cable One, Inc.
210 East Earll Drive,
Phoenix,
Arizona, 85012,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE CABO Common Stock New York Stock Exchange US USD 12. Jun 2015
DB XC1 Common Stock Deutsche Boerse AG DE EUR 12. Jun 2015
Number of employees
Current staff
Staff numbers
2,224
Cable One employees.
Industry
Cable and Satellite
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/12 00:38
End of day share price update: 2019/12/11 00:00
Last estimates confirmation: 2019/12/09
Last earnings filing: 2019/11/08
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.