Cable One
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
1 Year Returns
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.
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Cable One.
| 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.
| 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.
| 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 | ||
| 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 |
| 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 |
| 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
Current Discount Checks
- 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?
| 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.
| 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?
| 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 .
| 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?
| 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 |
| 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.
Value checks
We assess Cable One's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Media industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Media industry average (and greater than 0)? (1 check) 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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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.
Future performance checks
We assess Cable One's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from Cable One 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 | 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).
Past performance checks
We assess Cable One's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Media industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from Cable One Company Filings, last reported 2 months ago.
| 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).
Financial health checks
We assess Cable One's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Cable One has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
If you bought
$2,000 of
Cable One
shares you are expected to receive
$12
in your first year as a dividend.
Dividend Amount
- 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.
| 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.
| 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 |
| 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.
Income/ dividend checks
We assess Cable One's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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:
- The tenure for the Cable One management team is about average.
Management Team
Julie Laulis
Chairwoman
$3M
56
2.9 yrs
Steve Cochran
Senior VP & CFO
$2M
48
1.3 yrs
Mike Bowker
Chief Operating Officer
$1M
50
2.6 yrs
Peter Witty
Senior VP
$2M
51
1.7 yrs
Eric Lardy
Senior Vice President
$981K
45
2.9 yrs
Ken Johnson
Senior Vice President of Technology Services
55
1.6 yrs
Trish Niemann
Corporate Communications Director
Tina Evangelista
Vice President of Human Resources
Steve Fox
Senior Vice President of Network Architecture
$726K
53
11.9 yrs
Chip McDonald
Senior Vice President of Operations
$1M
43
3.9 yrs
Board of Directors Tenure
Average tenure and age of the Cable One board of directors in years:
- The tenure for the Cable One board of directors is about average.
Board of Directors
Julie Laulis
Chairwoman
$3M
56
1.9 yrs
Tom Gayner
Lead Independent Director
$264K
58
4.4 yrs
Wally Weitz
Independent Director
$237K
69
4.4 yrs
Debbie Kissire
Independent Director
$212K
61
4.4 yrs
Tom Might
Director
$172K
67
24.9 yrs
Brad Brian
Independent Director
$210K
66
4.4 yrs
Alan Spoon
Independent Director
$210K
68
4.4 yrs
Katharine Weymouth
Independent Director
$197K
52
4.4 yrs
Mary Meduski
Director
60
0.4 yrs
Kris Miller
Director
55
0.3 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | 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 | ||
Management checks
We assess Cable One's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleIs 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 - – Full articleWhy 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 - – Full articleThe 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 - – Full articleWhy 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 - – Full articleDid 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 - – Full articleA 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 - – Full articleDoes 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 - – Full articleCable 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 - – Full articleThe 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 - – Full articleCABO 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
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.
