CenturyLink
CenturyLink, Inc. provides various communications services to residential, business, wholesale, and governmental customers in the United States and internationally. The last earnings update was 30 days ago. More info.
Add to Portfolio Compare Print
CTL Share Price and Events
7 Day Returns
1 Year Returns
CTL Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| CenturyLink (CTL) | -2.3% | -4.8% | 20% | -18.9% | -41.3% | -62.3% |
| US Telecom | 1.8% | -0.7% | 4.4% | 14.5% | 2.3% | 16.3% |
| US Market | -0.3% | 2.2% | 5.6% | 18.6% | 36.2% | 52.2% |
1 Year Return vs Industry and Market
- CTL underperformed the Telecom industry which returned 14.5% over the past year.
- CTL underperformed the Market in United States of America which returned 18.6% over the past year.
CTL Value
Is CenturyLink 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
CenturyLink
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 CenturyLink.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 13 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 7.5% |
| 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% |
| Telecom Unlevered Beta | Simply Wall St/ S&P Global | 0.37 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.374 (1 + (1- 21%) (238.49%)) |
1.053 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.05 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (1.053 * 5.44%) |
7.47% |
Discounted Cash Flow Calculation for NYSE:CTL using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for CenturyLink 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 (@ 7.47%) |
|
|---|---|---|---|
| 2020 | 3,366.14 | Analyst x7 | 3,132.23 |
| 2021 | 3,352.00 | Analyst x1 | 2,902.33 |
| 2022 | 3,200.00 | Analyst x1 | 2,578.18 |
| 2023 | 3,085.00 | Analyst x1 | 2,312.81 |
| 2024 | 3,034.93 | Est @ -1.62% | 2,117.17 |
| 2025 | 3,016.30 | Est @ -0.61% | 1,957.95 |
| 2026 | 3,019.08 | Est @ 0.09% | 1,823.57 |
| 2027 | 3,036.79 | Est @ 0.59% | 1,706.81 |
| 2028 | 3,065.11 | Est @ 0.93% | 1,603.01 |
| 2029 | 3,101.11 | Est @ 1.17% | 1,509.14 |
| Present value of next 10 years cash flows | $21,643.00 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2029
× (1 + g) ÷ (Discount Rate – g)
= $3,101.11 × (1 + 1.74%) ÷ (7.47% – 1.74%) |
$55,082.69 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $55,082.69 ÷ (1 + 7.47%)10 |
$26,805.76 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $21,643.00 + $26,805.76 |
$48,448.76 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $48,448.76 / 1,090.23 |
$44.44 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $44.44 |
| Current discount | Discount to share price of
$14.16
= -1 x ($14.16 - $44.44) / $44.44 |
68.1% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- CenturyLink's share price is below the future cash flow value, and at a moderate discount (> 20%).
- CenturyLink's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for CenturyLink's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
CenturyLink'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 | $-7.39 |
| NYSE:CTL Share Price ** | NYSE (2019-12-06) in USD | $14.16 |
| United States of America Telecom Industry PE Ratio | Median Figure of 16 Publicly-Listed Telecom Companies | 16.44x |
| United States of America Market PE Ratio | Median Figure of 2,924 Publicly-Listed Companies | 18.48x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of CenturyLink.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:CTL Share Price ÷ EPS (both in USD) = 14.16 ÷ -7.39 |
-1.92x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- CenturyLink is loss making, we can't compare its value to the US Telecom industry average.
- CenturyLink is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does
CenturyLink's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | -1.92x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts |
79.1%per year |
| United States of America Telecom Industry PEG Ratio | Median Figure of 8 Publicly-Listed Telecom Companies | 2.01x |
| United States of America Market PEG Ratio | Median Figure of 2,045 Publicly-Listed Companies | 1.48x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for CenturyLink, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
CenturyLink's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-09-30) in USD | $12.54 |
| NYSE:CTL Share Price * | NYSE (2019-12-06) in USD | $14.16 |
| United States of America Telecom Industry PB Ratio | Median Figure of 30 Publicly-Listed Telecom Companies | 1.37x |
| United States of America Market PB Ratio | Median Figure of 5,088 Publicly-Listed Companies | 1.78x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:CTL Share Price ÷ Book Value per Share (both in USD) = 14.16 ÷ 12.54 |
1.13x |
* Primary Listing of CenturyLink.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- CenturyLink is good value based on assets compared to the US Telecom industry average.
Value checks
We assess CenturyLink'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 Telecom 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 Telecom industry average (and greater than 0)? (1 check) CenturyLink has a total score of 3/6, 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.
CTL Future Performance
How is CenturyLink expected to perform in the next 1 to 3 years based on estimates from 13 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
- CenturyLink's earnings growth is expected to exceed the low risk savings rate of 1.7%.
Growth vs Market Checks
- CenturyLink's earnings growth is expected to exceed the United States of America market average.
- CenturyLink's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:CTL Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts | 79.1% |
| NYSE:CTL Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts | -2.4% |
| United States of America Telecom Industry Earnings Growth Rate | Market Cap Weighted Average | 9.6% |
| United States of America Telecom Industry Revenue Growth Rate | Market Cap Weighted Average | 1.1% |
| 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 13 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 20,510 | 6,517 | 1,053 | 2 |
| 2022-12-31 | 20,801 | 6,678 | 1,259 | 2 |
| 2021-12-31 | 21,126 | 6,879 | 1,337 | 6 |
| 2020-12-31 | 21,706 | 6,662 | 1,409 | 13 |
| 2019-12-31 | 22,373 | 6,801 | -5,160 | 13 |
| 2019-12-07 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-09-30 | 22,609 | 6,767 | -7,904 |
| 2019-06-30 | 22,821 | 6,666 | -7,934 |
| 2019-03-31 | 23,145 | 6,547 | -8,013 |
| 2018-12-31 | 23,443 | 7,032 | -1,733 |
| 2018-09-30 | 22,988 | 6,214 | 1,796 |
| 2018-06-30 | 21,204 | 5,385 | 1,616 |
| 2018-03-31 | 19,392 | 4,488 | 1,341 |
| 2017-12-31 | 17,656 | 3,878 | 1,389 |
| 2017-09-30 | 16,622 | 3,796 | 314 |
| 2017-06-30 | 16,970 | 3,749 | 374 |
| 2017-03-31 | 17,278 | 4,242 | 553 |
| 2016-12-31 | 17,470 | 4,608 | 626 |
*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 13 Analyst Estimates (S&P Global) | See Below |
All data from CenturyLink 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 |
|---|---|---|---|---|
| 2023-12-31 | 0.97 | 0.97 | 0.97 | 1.00 |
| 2022-12-31 | 1.16 | 1.16 | 1.16 | 1.00 |
| 2021-12-31 | 1.19 | 1.35 | 1.03 | 4.00 |
| 2020-12-31 | 1.28 | 1.51 | 0.96 | 7.00 |
| 2019-12-31 | -4.82 | -4.78 | -4.90 | 6.00 |
| 2019-12-07 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-09-30 | -7.39 |
| 2019-06-30 | -7.42 |
| 2019-03-31 | -7.51 |
| 2018-12-31 | -1.63 |
| 2018-09-30 | 1.76 |
| 2018-06-30 | 1.82 |
| 2018-03-31 | 1.77 |
| 2017-12-31 | 2.21 |
| 2017-09-30 | 0.58 |
| 2017-06-30 | 0.69 |
| 2017-03-31 | 1.02 |
| 2016-12-31 | 1.16 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess CenturyLink'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)
CenturyLink has a total score of 3/6, 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.
CTL Past Performance
How has CenturyLink 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
- CenturyLink does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
- Unable to compare CenturyLink's 1-year earnings growth to the 5-year average as it is not currently profitable.
- Unable to compare CenturyLink's 1-year growth to the US Telecom industry average as it is not currently profitable.
Earnings and Revenue History
All data from CenturyLink 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 | 22,609.00 | -7,904.00 | 4,088.00 | |
| 2019-06-30 | 22,821.00 | -7,934.00 | 4,185.00 | |
| 2019-03-31 | 23,145.00 | -8,013.00 | 4,300.00 | |
| 2018-12-31 | 23,443.00 | -1,733.00 | 4,435.00 | |
| 2018-09-30 | 22,988.00 | 1,796.00 | 4,486.00 | |
| 2018-06-30 | 21,204.00 | 1,616.00 | 4,249.00 | |
| 2018-03-31 | 19,392.00 | 1,341.00 | 4,055.00 | |
| 2017-12-31 | 17,656.00 | 1,389.00 | 3,802.00 | |
| 2017-09-30 | 16,622.00 | 314.00 | 3,805.00 | |
| 2017-06-30 | 16,970.00 | 374.00 | 3,921.00 | |
| 2017-03-31 | 17,278.00 | 553.00 | 3,908.00 | |
| 2016-12-31 | 17,470.00 | 626.00 | 3,859.00 | |
| 2016-09-30 | 17,657.00 | 922.00 | 3,823.00 | |
| 2016-06-30 | 17,829.00 | 975.00 | 3,834.00 | |
| 2016-03-31 | 17,850.00 | 922.00 | 3,789.00 | |
| 2015-12-31 | 17,900.00 | 878.00 | 3,821.00 | |
| 2015-09-30 | 17,862.00 | 728.00 | 3,823.00 | |
| 2015-06-30 | 17,822.00 | 711.00 | 3,790.00 | |
| 2015-03-31 | 17,944.00 | 761.00 | 3,740.00 | |
| 2014-12-31 | 18,031.00 | 772.00 | 3,776.00 | |
| 2014-09-30 | 18,135.00 | 823.00 | 3,717.00 | |
| 2014-06-30 | 18,136.00 | -410.00 | 3,708.00 | |
| 2014-03-31 | 18,120.00 | -334.00 | 3,709.00 | |
| 2013-12-31 | 18,095.00 | -239.00 | 3,684.00 | |
| 2013-09-30 | 18,136.00 | -245.00 | 3,620.00 | |
| 2013-06-30 | 18,192.00 | 1,070.00 | 3,554.00 | |
| 2013-03-31 | 18,279.00 | 874.00 | 3,575.00 | |
| 2012-12-31 | 18,376.00 | 776.00 | 3,628.00 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- It is difficult to establish if CenturyLink has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
- It is difficult to establish if CenturyLink has efficiently used its assets last year compared to the US Telecom industry average (Return on Assets) as it is loss-making.
- It is difficult to establish if CenturyLink improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
Past performance checks
We assess CenturyLink'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 Telecom 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)
CenturyLink has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
CTL Health
How is CenturyLink'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 CenturyLink's finances.
The net worth of a company is the difference between its assets and liabilities.
- CenturyLink's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- CenturyLink'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 CenturyLink Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-09-30 | 13,674.00 | 34,913.00 | 1,404.00 |
| 2019-06-30 | 13,692.00 | 34,568.00 | 410.00 |
| 2019-03-31 | 13,543.00 | 35,264.00 | 441.00 |
| 2018-12-31 | 19,828.00 | 35,827.00 | 488.00 |
| 2018-09-30 | 22,803.00 | 36,527.00 | 390.00 |
| 2018-06-30 | 22,989.00 | 37,315.00 | 700.00 |
| 2018-03-31 | 23,443.00 | 37,377.00 | 501.00 |
| 2017-12-31 | 23,491.00 | 37,726.00 | 551.00 |
| 2017-09-30 | 12,960.00 | 24,978.00 | 160.00 |
| 2017-06-30 | 13,086.00 | 25,077.00 | 342.00 |
| 2017-03-31 | 13,306.00 | 19,679.00 | 214.00 |
| 2016-12-31 | 13,399.00 | 19,688.00 | 222.00 |
| 2016-09-30 | 13,892.00 | 19,718.00 | 140.00 |
| 2016-06-30 | 13,985.00 | 19,616.00 | 191.00 |
| 2016-03-31 | 14,036.00 | 20,025.00 | 438.00 |
| 2015-12-31 | 14,060.00 | 20,225.00 | 126.00 |
| 2015-09-30 | 14,250.00 | 20,414.00 | 355.00 |
| 2015-06-30 | 14,587.00 | 20,353.00 | 155.00 |
| 2015-03-31 | 14,765.00 | 20,456.00 | 155.00 |
| 2014-12-31 | 15,023.00 | 20,503.00 | 128.00 |
| 2014-09-30 | 16,445.00 | 21,151.00 | 734.00 |
| 2014-06-30 | 16,598.00 | 20,959.00 | 181.00 |
| 2014-03-31 | 16,798.00 | 20,940.00 | 219.00 |
| 2013-12-31 | 17,191.00 | 20,966.00 | 168.00 |
| 2013-09-30 | 16,714.00 | 20,582.00 | 266.00 |
| 2013-06-30 | 18,400.00 | 20,585.00 | 214.00 |
| 2013-03-31 | 18,856.00 | 20,788.00 | 476.00 |
| 2012-12-31 | 19,289.00 | 20,605.00 | 211.00 |
- CenturyLink's level of debt (255.3%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (128.7% vs 255.3% today).
CASH RUNWAY ANALYSIS
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
- Whilst loss making CenturyLink has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
- Whilst loss making CenturyLink has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -45.3% per year.
Financial health checks
We assess CenturyLink'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) CenturyLink has a total score of 2/6, 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.
CTL Dividends
What is CenturyLink'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
CenturyLink
shares you are expected to receive
$141
in your first year as a dividend.
Dividend Amount
- CenturyLink's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.42%).
- CenturyLink's dividend is above the markets top 25% of dividend payers in United States of America (3.7%).
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 13 Analyst Estimates (S&P Global) | See Below |
| United States of America Telecom Industry Average Dividend Yield | Market Cap Weighted Average of 9 Stocks | 4.8% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 1959 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 |
|---|---|---|
| 2023-12-31 | 1.00 | 2.00 |
| 2022-12-31 | 1.00 | 2.00 |
| 2021-12-31 | 1.00 | 7.00 |
| 2020-12-31 | 1.00 | 9.00 |
| 2019-12-31 | 1.00 | 9.00 |
| 2019-12-07 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-11-21 | 1.000 | 6.883 |
| 2019-08-22 | 1.000 | 7.898 |
| 2019-05-23 | 1.000 | 8.904 |
| 2019-03-01 | 1.000 | 8.552 |
| 2019-02-13 | 1.000 | 7.446 |
| 2018-11-14 | 2.160 | 13.351 |
| 2018-08-21 | 2.160 | 10.090 |
| 2018-05-23 | 2.160 | 11.314 |
| 2018-02-21 | 2.160 | 12.189 |
| 2017-11-14 | 2.160 | 13.183 |
| 2017-08-22 | 2.160 | 11.571 |
| 2017-05-24 | 2.160 | 9.188 |
| 2017-02-21 | 2.160 | 8.906 |
| 2016-11-15 | 2.160 | 8.741 |
| 2016-08-23 | 2.160 | 7.986 |
| 2016-05-18 | 2.160 | 7.497 |
| 2016-02-23 | 2.160 | 6.994 |
| 2015-11-10 | 2.160 | 8.320 |
| 2015-08-25 | 2.160 | 8.128 |
| 2015-05-20 | 2.160 | 7.166 |
| 2015-02-23 | 2.160 | 6.087 |
| 2014-11-11 | 2.160 | 5.502 |
| 2014-08-19 | 2.160 | 5.357 |
| 2014-05-28 | 2.160 | 5.736 |
| 2014-02-24 | 2.160 | 6.427 |
| 2013-11-12 | 2.160 | 7.059 |
| 2013-08-27 | 2.160 | 6.639 |
| 2013-05-22 | 2.160 | 6.147 |
| 2013-02-27 | 2.160 | 5.978 |
| 2012-11-13 | 2.900 | 7.490 |
| 2012-08-21 | 2.900 | 7.181 |
| 2012-05-24 | 2.900 | 7.270 |
| 2012-05-10 | 2.900 | 7.469 |
| 2012-05-09 | 2.900 | 7.472 |
| 2011-11-15 | 2.900 | 7.686 |
| 2011-08-23 | 2.900 | 8.394 |
| 2011-05-18 | 2.900 | 7.533 |
| 2011-01-25 | 2.900 | 7.019 |
| 2010-11-09 | 2.900 | 6.572 |
| 2010-08-24 | 2.900 | 7.421 |
| 2010-05-21 | 2.900 | 8.316 |
| 2010-02-25 | 2.900 | 8.347 |
| 2009-11-18 | 2.800 | 7.917 |
| 2009-08-24 | 2.800 | 8.513 |
| 2009-05-28 | 2.800 | 9.003 |
| 2009-02-26 | 2.800 | 10.215 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Dividends per share have fallen over the past 10 years.
Income/ dividend checks
We assess CenturyLink'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 CenturyLink afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) CenturyLink has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
CTL Management
CEO
| COMPENSATION | $35,655,646 |
| AGE | 58 |
| TENURE AS CEO | 1.6 years |
CEO Bio
Mr. Jeffrey K. Storey, also known as Jeff, has been Chief Executive Officer of CenturyLink Inc. since May 2018. Mr. Storey serves as Chief Executive Officer and President of Qwest Corporation. Mr. Storey has been the President of CenturyLink, Inc. since November 1, 2017 and served as its Chief Operating Officer from November 01, 2017 to May 2018. He serves as the Chief Executive Officer and President of Level 3 Parent, LLC from April 11, 2013 December 8, 2008 respectively. He served as Chief Operating Officer at Level 3 Communications, Inc. since December 8, 2008. Mr. Storey served as the Chief Executive Officer and President of WilTel Communications Group Inc. from 2002 to December 2005. He served at Leucadia National Corporation as President of Leucadia Telecommunications Group. He began his career in telecommunications in 1983 at Southwestern Bell Telephone, where he held various engineering and operations positions. He has many years of telecommunications experience. Mr. Storey served as Vice President and General Manager of Operations of WilTel Communications Group Inc., from May 2002 to October 2002 and as Senior Vice President of Operations from September 2000 to July 2002 and was responsible for all its network operations. From January 2000 to September 2000 he served at WilTel Communications Group Inc. as Vice President of Local Access and responsible for developing and implementing its access strategy. From May 1999 to January 2000, he served as Executive Director of WilTel Communications Group Inc.'s voice services. Before joining WilTel Communications Group Inc. From 1994 to 1999, he served as Vice President of Commercial Services of Cox Communications from March 1998 to May 1999. From 1994 to 1998 he served as Vice President and General Manager of Cox Fibernet. Mr. Storey has been a Director of Level 3 Communications, Inc. since May 23, 2013. He served as Director of WilTel Communications Group Inc. since October 31, 2002. He delivered the keynote address for the 2005 CompTel/ALTS Spring Conference. Mr. Storey holds a Master’s degree in Telecommunications Systems from Southern Methodist University and a Bachelor’s degree in Engineering Physics and Mathematics from the Northeastern State University.
CEO Compensation
- Jeff's compensation has increased whilst company is loss making.
- Jeff's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the CenturyLink management team in years:
- The average tenure for the CenturyLink management team is less than 2 years, this suggests a new team.
Management Team
Jeff Storey
President
$36M
58
1.6 yrs
Neel Dev
Executive VP & CFO
$3M
47
1.3 yrs
Stacey Goff
Executive VP
$4M
53
5.1 yrs
Scott Trezise
Executive Vice President of Human Resources
$2M
50
6.3 yrs
Eric Mortensen
Principal Accounting Officer
59
1.7 yrs
Andrew Dugan
Chief Technology Officer
Valerie Finberg
Vice President of Investor Relations
Mark Stoutenberg
Senior Director of Investor Relations
1.5 yrs
Bryan Taylor
Vice President of Corporate Development
13.4 yrs
Shaun Andrews
Executive VP & Chief Marketing Officer
56
0.9 yrs
Board of Directors Tenure
Average tenure and age of the CenturyLink board of directors in years:
- The tenure for the CenturyLink board of directors is about average.
Board of Directors
Harvey Perry
Chairman of the Board
$476K
74
2.6 yrs
Jeff Storey
President
$36M
58
2.1 yrs
W. Hanks
Vice Chairman & Lead Independent Director
$414K
64
2.6 yrs
Virginia Boulet
Independent Director
$295K
65
24.9 yrs
Peter Brown
Independent Director
$277K
60
10.4 yrs
Laurie Siegel
Independent Director
$322K
63
10.4 yrs
Chili Chilton
Independent Director
$302K
64
2.1 yrs
Glen Post
Director
$11M
66
34.9 yrs
Mike Roberts
Independent Director
$303K
68
8.7 yrs
Mary Landrieu
Independent Director
$276K
63
4.1 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 30. May 19 | Buy | W. Hanks | Individual | 30. May 19 | 30. May 19 | 10,000 | $10.63 | $106,300 | ||
| 24. May 19 | Buy | T. Glenn | Individual | 23. May 19 | 23. May 19 | 20,000 | $9.83 | $196,600 | ||
| 23. May 19 | Buy | Jeffrey Storey | Individual | 23. May 19 | 23. May 19 | 50,000 | $9.83 | $491,480 | ||
| 23. May 19 | Buy | Indraneel Dev | Individual | 23. May 19 | 23. May 19 | 15,000 | $9.85 | $147,155 | ||
| 15. May 19 | Buy | Harvey Perry | Individual | 15. May 19 | 15. May 19 | 10,000 | $10.92 | $109,192 | ||
| 13. May 19 | Buy | Steven Clontz | Individual | 10. May 19 | 10. May 19 | 37,000 | $11.00 | $404,250 | ||
| 14. Mar 19 | Buy | Kevin Chilton | Individual | 12. Mar 19 | 12. Mar 19 | 2,000 | $12.30 | $24,608 | ||
| 07. Mar 19 | Buy | Steven Clontz | Individual | 06. Mar 19 | 06. Mar 19 | 8,000 | $11.95 | $95,600 | ||
| 06. Mar 19 | Buy | Indraneel Dev | Individual | 06. Mar 19 | 06. Mar 19 | 50,000 | $11.75 | $587,500 | ||
| 06. Mar 19 | Buy | Jeffrey Storey | Individual | 06. Mar 19 | 06. Mar 19 | 83,000 | $11.94 | $991,261 | ||
| 19. Feb 19 | Sell | Southeastern Asset Management, Inc. | Company | 17. Dec 18 | 15. Feb 19 | -1,093,383 | $16.61 | $-18,161,092 | ||
| 19. Feb 19 | Buy | Southeastern Asset Management, Inc. | Company | 20. Dec 18 | 15. Feb 19 | 4,795,598 | $16.18 | $77,592,776 | ||
| 18. Jan 19 | Sell | Temasek Holdings (Private) Limited | Company | 16. Jan 19 | 16. Jan 19 | -16,000,000 | $15.90 | $-254,400,000 | ||
| 13. Dec 18 | Buy | Steven Clontz | Individual | 11. Dec 18 | 11. Dec 18 | 8,207 | $17.20 | $141,160 | ||
Management checks
We assess CenturyLink'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) CenturyLink 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.
CTL News
Simply Wall St News
Zooming in on NYSE:CTL's 8.7% Dividend Yield
Dividend paying companies with growing earnings can be highly rewarding in the long term. … Conclusion To summarise, shareholders should always check that CenturyLink's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend. … Earnings per share have been falling, and the company has cut its dividend at least once in the past.
Simply Wall St - – Full articleInvestors Who Bought CenturyLink (NYSE:CTL) Shares Five Years Ago Are Now Down 72%
(NYSE:CTL) share price managed to fall 72% over five long years. … We also note that the stock has performed poorly over the last year, with the share price down 49%. … Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround.
Simply Wall St - – Full articleThese 4 Measures Indicate That CenturyLink (NYSE:CTL) Is Using Debt Extensively
Debt and other liabilities become risky for a business when it cannot easily fulfill those obligations, either with free cash flow or by raising capital at an attractive price. … When we examine debt levels, we first consider both cash and debt levels, together. … If you're interested in investing in businesses that can grow profits without the burden of debt, then check out this free list of growing businesses that have net cash on the balance sheet.
Simply Wall St - – Full articleCould CenturyLink, Inc.'s (NYSE:CTL) Investor Composition Influence The Stock Price?
Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. … Insider Ownership Of CenturyLink The definition of company insiders can be subjective, and does vary between jurisdictions.
Simply Wall St - – Full articleShould You Be Worried About Insider Transactions At CenturyLink, Inc. (NYSE:CTL)?
So shareholders might well want to know whether insiders have been buying or selling shares in CenturyLink, Inc. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … All up, insiders sold more shares in CenturyLink than they bought, over the last year.
Simply Wall St - – Full articleHere's How P/E Ratios Can Help Us Understand CenturyLink, Inc. (NYSE:CTL)
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … CenturyLink has a price to earnings ratio of 8.08, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleWhat Does CenturyLink, Inc.'s (NYSE:CTL) Share Price Indicate?
received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to $21.99 at one point, and dropping to the lows of $14.52. … Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price? … A question to answer is whether CenturyLink's current trading price of $15.39 reflective of the actual value of the?
Simply Wall St - – Full articleDid CenturyLink, Inc. (NYSE:CTL) Insiders Sell Shares?
We often see insiders buying up shares in companies that perform well over the long term. … So it may not tell us anything about how insiders feel about the current share price. … Over the last year we saw more insider selling of CenturyLink shares, than buying.
Simply Wall St - – Full articleDo Directors Own CenturyLink Inc (NYSE:CTL) Shares?
Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Companies that used to be publicly owned tend to have lower insider ownership. … Taking a look at the our data on the ownership groups (below), it's seems that.
Simply Wall St - – Full articleWith A 7.0% Return On Equity, Is CenturyLink Inc (NYSE:CTL) A Quality Stock?
With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Another way to think of that is that for every $1 worth of equity in the company, it was able to earn $0.070. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleCTL Company Info
Description
CenturyLink, Inc. provides various communications services to residential, business, wholesale, and governmental customers in the United States and internationally. The company operates in two segments, Business and Consumer. It offers VPN data network services; Ethernet services; Internet protocol (IP) services; facilities-based Prism TV service, as well as satellite digital television services; CDN services; and Vyvx broadcast services. The company also provides broadband services, which allow customers to connect to the Internet through their existing telephone lines or fiber-optic cables; private line services for transmission of data between sites; wavelength services; and colocation and data center services, such as hosting, cloud, and managed solutions. In addition, it offers network management, installation and maintenance of data equipment, and building of fiber-optic broadband networks; professional services; and network security services, as well as sells equipment. Further, the company offers voice services; voice over IP services; and managed services comprising network, hosting, cloud, and information technology services, as well as leases and subleases space in its office buildings, warehouses, and other properties. As of December 31, 2018, it served approximately 4.8 million broadband subscribers. CenturyLink, Inc. was founded in 1968 and is headquartered in Monroe, Louisiana.
Details
| Name: | CenturyLink, Inc. |
| CTL | |
| Exchange: | NYSE |
| Founded: | 1968 |
| $15,470,350,929 | |
| 1,090,229,100 | |
| Website: | http://www.centurylink.com |
| Address: |
CenturyLink, Inc. 100 CenturyLink Drive, Monroe, Louisiana, 71203, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | CTL | Common Stock | New York Stock Exchange | US | USD | 14. Dec 1972 | |
| DB | CYT | Common Stock | Deutsche Boerse AG | DE | EUR | 14. Dec 1972 | |
| LSE | 0HVP | Common Stock | London Stock Exchange | GB | USD | 14. Dec 1972 | |
| BMV | CTL * | Common Stock | Bolsa Mexicana de Valores | MX | MXN | 14. Dec 1972 | |
| ETLX | CYT | Common Stock | Eurotlx | IT | EUR | 14. Dec 1972 |
Number of employees
Current staff
Industry
| Alternative Carriers | |
| Telecom |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/12/07 23:34 |
| End of day share price update: | 2019/12/06 00:00 |
| Last estimates confirmation: | 2019/12/04 |
| Last earnings filing: | 2019/11/07 |
| 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.
