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CommScope Holding Company

DB:CM9
Snowflake Description

Exceptional growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CM9
DB
$5B
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

CommScope Holding Company, Inc. provides infrastructure solutions for communications networks worldwide. The last earnings update was 60 days ago. More info.


Add to Portfolio Compare Print
  • CommScope Holding Company has significant price volatility in the past 3 months.
CM9 Share Price and Events
7 Day Returns
1.4%
DB:CM9
-8.4%
DE Communications
1.8%
DE Market
1 Year Returns
-29%
DB:CM9
17.9%
DE Communications
-6%
DE Market
CM9 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CommScope Holding Company (CM9) 1.4% 22.6% 40.8% -29% -0.9% 32.7%
DE Communications -8.4% -3.9% 21.8% 17.9% 0.2% 53.1%
DE Market 1.8% 6% 7.8% -6% 10.1% 15.3%
1 Year Return vs Industry and Market
  • CM9 underperformed the Communications industry which returned 17.9% over the past year.
  • CM9 underperformed the Market in Germany which returned -6% over the past year.
Price Volatility
CM9
Industry
5yr Volatility vs Market
Related Companies

CM9 Value

 Is CommScope Holding Company 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 CommScope Holding Company 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 CommScope Holding Company.

DB:CM9 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.3%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:CM9
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Communications Unlevered Beta Simply Wall St/ S&P Global 1.09
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.09 (1 + (1- 21%) (79.66%))
1.52
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.52
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.52 * 5.96%)
9.29%

Discounted Cash Flow Calculation for DB:CM9 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for CommScope Holding Company 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.

DB:CM9 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.29%)
2019 866.50 Analyst x2 792.86
2020 1,059.00 Analyst x2 886.65
2021 1,207.64 Est @ 14.04% 925.17
2022 1,327.12 Est @ 9.89% 930.30
2023 1,419.93 Est @ 6.99% 910.77
2024 1,490.42 Est @ 4.96% 874.73
2025 1,543.23 Est @ 3.54% 828.75
2026 1,582.56 Est @ 2.55% 777.65
2027 1,611.88 Est @ 1.85% 724.74
2028 1,633.88 Est @ 1.37% 672.20
Present value of next 10 years cash flows $8,323.82
DB:CM9 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $1,633.88 × (1 + 0.23%) ÷ (9.29% – 0.23%)
$18,075.34
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $18,075.34 ÷ (1 + 9.29%)10
$7,436.46
DB:CM9 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $8,323.82 + $7,436.46
$15,760.28
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $15,760.28 / 192.38
$81.92
DB:CM9 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:CM9 represents 0.89169x of NasdaqGS:COMM
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89169x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 81.92 x 0.89169
€73.05
Value per share (EUR) From above. €73.05
Current discount Discount to share price of €23.18
= -1 x (€23.18 - €73.05) / €73.05
68.3%

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

Current Discount
Amount off the current price CommScope Holding Company is available for.
Intrinsic value
>50%
Share price is €23.18 vs Future cash flow value of €73.05
Current Discount Checks
For CommScope Holding Company to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • CommScope Holding Company's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • CommScope Holding Company'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 CommScope Holding Company's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CommScope Holding Company's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:CM9 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.73
NasdaqGS:COMM Share Price ** NasdaqGS (2019-04-18) in USD $25.99
Germany Communications Industry PE Ratio Median Figure of 5 Publicly-Listed Communications Companies 27.71x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.59x

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

** Primary Listing of CommScope Holding Company.

DB:CM9 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 25.99 ÷ 0.73

35.59x

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

  • CommScope Holding Company is overvalued based on earnings compared to the DE Communications industry average.
  • CommScope Holding Company is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does CommScope Holding Company's expected growth come at a high price?
Raw Data
DB:CM9 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 35.59x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
49.8%per year
Europe Communications Industry PEG Ratio Median Figure of 13 Publicly-Listed Communications Companies 1.31x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

DB:CM9 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 35.59x ÷ 49.8%

0.72x

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

  • CommScope Holding Company is good value based on expected growth next year.
Price based on value of assets
What value do investors place on CommScope Holding Company's assets?
Raw Data
DB:CM9 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $9.13
NasdaqGS:COMM Share Price * NasdaqGS (2019-04-18) in USD $25.99
Germany Communications Industry PB Ratio Median Figure of 7 Publicly-Listed Communications Companies 1.53x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
DB:CM9 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 25.99 ÷ 9.13

2.85x

* Primary Listing of CommScope Holding Company.

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

  • CommScope Holding Company is overvalued based on assets compared to the DE Communications industry average.
X
Value checks
We assess CommScope Holding Company'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 Communications 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 Communications industry average (and greater than 0)? (1 check)
  5. CommScope Holding Company 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.

CM9 Future Performance

 How is CommScope Holding Company expected to perform in the next 1 to 3 years based on estimates from 5 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
49.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CommScope Holding Company expected to grow at an attractive rate?
  • CommScope Holding Company's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • CommScope Holding Company's earnings growth is expected to exceed the Germany market average.
  • CommScope Holding Company's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:CM9 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:CM9 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 49.8%
DB:CM9 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 33.5%
Germany Communications Industry Earnings Growth Rate Market Cap Weighted Average 19.3%
Europe Communications Industry Revenue Growth Rate Market Cap Weighted Average 2.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
DB:CM9 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:CM9 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 11,224 1
2020-12-31 11,315 1,041 444 5
2019-12-31 9,709 844 344 5
DB:CM9 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 4,569 494 140
2018-09-30 4,631 613 217
2018-06-30 4,610 531 204
2018-03-31 4,544 519 194
2017-12-31 4,561 586 194
2017-09-30 4,619 425 195
2017-06-30 4,784 545 237
2017-03-31 4,917 624 244
2016-12-31 4,924 640 223
2016-09-30 4,887 667 93
2016-06-30 4,566 514 -81
2016-03-31 4,126 420 -98

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • CommScope Holding Company's earnings are expected to grow significantly at over 20% yearly.
  • CommScope Holding Company's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:CM9 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from CommScope Holding Company Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CM9 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 1.62 2.17 1.06 2.00
2019-12-31 1.33 1.73 0.93 2.00
DB:CM9 Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.73
2018-09-30 1.13
2018-06-30 1.07
2018-03-31 1.01
2017-12-31 1.01
2017-09-30 1.01
2017-06-30 1.23
2017-03-31 1.26
2016-12-31 1.16
2016-09-30 0.49
2016-06-30 -0.43
2016-03-31 -0.51

*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.
  • CommScope Holding Company is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess CommScope Holding Company's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
CommScope Holding Company has a total score of 6/6, 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.

CM9 Past Performance

  How has CommScope Holding Company 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 CommScope Holding Company's growth in the last year to its industry (Communications).
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.
  • CommScope Holding Company's year on year earnings growth rate has been positive over the past 5 years.
  • CommScope Holding Company's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • CommScope Holding Company's 1-year earnings growth is negative, it can't be compared to the Europe Communications industry average.
Earnings and Revenue History
CommScope Holding Company'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 CommScope Holding Company Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CM9 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 4,568.51 140.22 725.23 185.70
2018-09-30 4,631.21 217.08 727.30 187.09
2018-06-30 4,609.58 204.40 745.16 186.88
2018-03-31 4,543.81 193.94 767.60 186.10
2017-12-31 4,560.58 193.76 741.78 185.61
2017-09-30 4,619.06 194.65 757.24 188.73
2017-06-30 4,784.23 237.32 793.13 192.56
2017-03-31 4,916.93 243.82 819.82 197.51
2016-12-31 4,923.62 222.84 874.56 201.32
2016-09-30 4,887.26 93.23 876.67 201.70
2016-06-30 4,565.91 -81.40 798.85 184.37
2016-03-31 4,126.41 -97.77 685.42 160.42
2015-12-31 3,807.83 -70.88 590.49 135.96
2015-09-30 3,493.18 52.08 500.46 116.36
2015-06-30 3,521.01 229.31 476.86 116.07
2015-03-31 3,719.98 211.76 482.63 121.17
2014-12-31 3,829.61 236.77 485.89 125.30
2014-09-30 3,848.28 180.05 483.87 126.64
2014-06-30 3,735.86 94.91 486.88 127.59
2014-03-31 3,610.46 67.98 483.62 128.35
2013-12-31 3,480.12 19.40 475.08 126.43
2013-09-30 3,481.77 39.76 478.29 128.45
2013-06-30 3,487.78 33.76 470.70 127.67
2013-03-31 3,336.75 26.94 458.71 122.74
2012-12-31 3,321.89 5.35 461.15 121.72

*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.
  • CommScope Holding Company has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • CommScope Holding Company used its assets more efficiently than the DE Communications industry average last year based on Return on Assets.
  • CommScope Holding Company has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess CommScope Holding Company'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 Communications 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.
CommScope Holding Company has a total score of 3/6, 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.

CM9 Health

 How is CommScope Holding Company'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 CommScope Holding Company's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CommScope Holding Company is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • CommScope Holding Company's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of CommScope Holding Company's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.5x 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 CommScope Holding Company Company Filings, last reported 3 months ago.

DB:CM9 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,756.77 3,985.90 458.20
2018-09-30 1,755.07 3,983.79 352.40
2018-06-30 1,703.27 4,374.21 545.70
2018-03-31 1,731.36 4,371.82 472.73
2017-12-31 1,647.83 4,369.40 453.98
2017-09-30 1,550.63 4,548.02 411.24
2017-06-30 1,519.62 4,569.97 484.49
2017-03-31 1,404.02 4,567.42 437.64
2016-12-31 1,394.08 4,562.01 428.23
2016-09-30 1,433.23 4,713.99 517.28
2016-06-30 1,320.21 4,947.86 516.04
2016-03-31 1,288.45 5,244.01 688.37
2015-12-31 1,222.72 5,243.65 562.88
2015-09-30 1,318.48 5,355.50 617.96
2015-06-30 1,410.27 5,358.89 792.96
2015-03-31 1,339.35 2,706.15 735.14
2014-12-31 1,307.62 2,668.90 729.32
2014-09-30 1,292.22 2,709.26 616.43
2014-06-30 1,222.83 2,711.05 481.05
2014-03-31 1,158.70 2,512.64 305.19
2013-12-31 1,088.02 2,514.55 346.32
2013-09-30 658.00 3,014.77 312.05
2013-06-30 636.58 3,016.69 223.61
2013-03-31 1,182.28 2,470.77 264.38
2012-12-31 1,182.28 2,470.77 264.38
  • CommScope Holding Company's level of debt (226.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (230.9% vs 226.9% today).
  • Debt is not well covered by operating cash flow (12.4%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess CommScope Holding Company'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. CommScope Holding Company has a total score of 2/6, 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.

CM9 Dividends

 What is CommScope Holding Company's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from CommScope Holding Company dividends. Estimated to be 0% next year.
If you bought €2,000 of CommScope Holding Company shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate CommScope Holding Company's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate CommScope Holding Company's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:CM9 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 5 Analyst Estimates (S&P Global) See Below
Europe Communications Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 2.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany 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.

DB:CM9 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 4.00
2020-12-31 0.00 5.00
2019-12-31 0.00 5.00

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

  • Unable to perform a dividend volatility check as CommScope Holding Company has not reported any payouts.
  • Unable to verify if CommScope Holding Company's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of CommScope Holding Company's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as CommScope Holding Company has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of CommScope Holding Company's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess CommScope Holding Company'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 CommScope Holding Company afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CommScope Holding Company 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.

CM9 Management

 What is the CEO of CommScope Holding Company'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
Eddie Edwards
COMPENSATION $8,499,365
AGE 69
TENURE AS CEO 8.3 years
CEO Bio

Mr. Marvin S. Edwards, also known as Eddie, Jr., has been the Chief Executive Officer of CommScope Inc. and CommScope Holding Company, Inc. since January 14, 2011 and its President since January 1, 2010. Mr. Edwards served as the Chief Operating Officer of CommScope Inc. and CommScope Holding Company, Inc. since January 1, 2010. He served as Executive Vice President of Business Development at CommScope Holding Company, Inc. since April 2005 and CommScope since 2005. He served in a variety of executive roles since joining CommScope in 2001. Previously, he served as an Acting President of Acting President of Connectivity Solutions Manufacturing Inc., (CSMI), a CommScope subsidiary and also served as its Chairman of the Board of Directors since April 2005. Mr. Edwards joined CommScope in 2001 as an Executive Vice President of Strategic Development and President of the Wireless Products Group. He served as an Executive Vice President and General Manager of Wireless Network Solutions Group at CommScope Holding Company, Inc. (Alternate Name CommScope Enterprise Solutions) since December 2007. He served as the President and Chief Executive Officer of OFS Fitel, LLC and OFS BrightWave, LLC. Since 1999, Mr. Edwards served as President of Radio Frequency Systems (RFS), a subsidiary of Alcatel with worldwide operations. From 1996 to 1999, he served as President of Alcatel North America Cable Systems. Prior to that, Mr. Edwards held positions in Alcatel as Chief Financial Officer of Cable Operations in the Americas and assumed additional responsibility as Americas Area Manager for Alcatel Cable since 1997. Mr. Edwards joined Alcatel in 1986 as a Vice President of Planning, which involved work in acquisitions and divestitures. He served in various capacities at Alcatel until 2001. Mr. Edwards began his business career with First Union National Bank (now Wachovia) in 1972, where he held various positions. He has been a Director of CommScope Holding Company, Inc. since January 14, 2011. He has been a Director of CommScope Holding Company Inc. and CommScope Inc. since January 14, 2011. He served as a Director of the Telecommunications Industry Association (TIA). From 2005 to 2007, he served as Executive Vice President of Business Development and the Chairman of the Board of Directors of at nnectivity Solutions Manufacturing LLC. Mr. Edwards also served as Director, President and Chief Executive Officer of OFS Fitel, LLC and OFS BrightWave, LLC. Mr. Edwards is a 1971 graduate of Clemson University with a BA degree in Economics.

CEO Compensation
  • Eddie's compensation has been consistent with company performance over the past year.
  • Eddie's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the CommScope Holding Company management team in years:

3.3
Average Tenure
51.5
Average Age
  • The tenure for the CommScope Holding Company management team is about average.
Management Team

Eddie Edwards

TITLE
President
COMPENSATION
$8M
AGE
69
TENURE
8.3 yrs

Burk Wyatt

TITLE
Senior VP
COMPENSATION
$2M
AGE
55
TENURE
19.3 yrs

Alexander Pease

TITLE
Executive VP & CFO
AGE
46
TENURE
1 yrs

Bruce McClelland

TITLE
Chief Operating Officer
AGE
51

Brooke Clark

TITLE
Senior VP & Chief Accounting Officer
AGE
43
TENURE
0.6 yrs

Morgan C. Kurk

TITLE
Executive VP & CTO
AGE
48

Karen Renner

TITLE
Senior VP & Chief Information Officer
AGE
56
TENURE
0.3 yrs

Kevin Powers

TITLE
Vice President of Investor Relations

Fiona Nolan

TITLE
Senior Vice President of Global Marketing
TENURE
7.3 yrs

Robyn Mingle

TITLE
Senior VP & Chief Human Resources Officer
AGE
52
TENURE
3.3 yrs
Board of Directors Tenure

Average tenure and age of the CommScope Holding Company board of directors in years:

5.5
Average Tenure
66.5
Average Age
  • The tenure for the CommScope Holding Company board of directors is about average.
Board of Directors

Frank Drendel

TITLE
Chairman of The Board
COMPENSATION
$2M
AGE
73
TENURE
8.3 yrs

Eddie Edwards

TITLE
President
COMPENSATION
$8M
AGE
69
TENURE
8.3 yrs

Bud Watts

TITLE
Lead Independent Director
COMPENSATION
$317K
AGE
56
TENURE
1.4 yrs

Tim Yates

TITLE
Director
COMPENSATION
$270K
AGE
70
TENURE
5.5 yrs

Joanne Maguire

TITLE
Director
COMPENSATION
$254K
AGE
64
TENURE
3.3 yrs

Cam Dyer

TITLE
Director
AGE
44

Steve Gray

TITLE
Independent Director
COMPENSATION
$250K
AGE
59
TENURE
8.3 yrs

Bill Krause

TITLE
Independent Director
COMPENSATION
$261K
AGE
76
TENURE
8.3 yrs

Austin Adams

TITLE
Independent Director
COMPENSATION
$256K
AGE
75
TENURE
5.3 yrs

Tom Manning

TITLE
Director
COMPENSATION
$256K
AGE
63
TENURE
4.6 yrs
Who owns this company?
Recent Insider Trading
  • CommScope Holding Company insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
07. Mar 19 Sell Peter Karlsson Individual 06. Mar 19 06. Mar 19 -6,517 €19.99 €-130,298
27. Feb 19 Buy Alexander Pease Individual 25. Feb 19 25. Feb 19 75 €20.21 €1,516
16. Nov 18 Buy Alexander Pease Individual 15. Nov 18 15. Nov 18 40,000 €16.52 €660,991
14. Nov 18 Buy Frank Wyatt Individual 14. Nov 18 14. Nov 18 7,500 €16.61 €124,587
14. Nov 18 Buy Brooke Clark Individual 13. Nov 18 13. Nov 18 2,250 €16.52 €37,162
14. Nov 18 Buy Claudius Watts Individual 13. Nov 18 13. Nov 18 25,000 €16.83 €420,853
13. Nov 18 Buy Robert Granow Individual 12. Nov 18 12. Nov 18 4,000 €17.42 €69,698
13. Nov 18 Buy Robyn Mingle Individual 12. Nov 18 12. Nov 18 5,100 €17.31 €88,272
16. May 18 Buy Austin Adams Individual 14. May 18 14. May 18 5,000 €24.98 €124,907
15. May 18 Buy Morgan C. Kurk Individual 11. May 18 15. May 18 5,000 €24.80 €123,351
14. May 18 Buy Peter Karlsson Individual 11. May 18 11. May 18 10,000 €24.99 €249,916
11. May 18 Buy Robyn Mingle Individual 10. May 18 10. May 18 1,693 €24.73 €41,874
10. May 18 Buy Joanne Maguire Individual 08. May 18 08. May 18 500 €24.95 €12,475
08. May 18 Buy Timothy Yates Individual 04. May 18 04. May 18 3,000 €23.53 €70,579
07. May 18 Buy Robert Granow Individual 07. May 18 07. May 18 1,500 €24.01 €36,021
07. May 18 Buy Frank Wyatt Individual 04. May 18 04. May 18 9,000 €23.46 €211,148
07. May 18 Buy Alexander Pease Individual 04. May 18 04. May 18 10,725 €23.43 €251,318
X
Management checks
We assess CommScope Holding Company'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. CommScope Holding Company 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.

CM9 News

Simply Wall St News

CM9 Company Info

Description

CommScope Holding Company, Inc. provides infrastructure solutions for communications networks worldwide. The company’s CommScope Connectivity Solutions segment offers optical fiber and twisted pair structured cable solutions, intelligent infrastructure management hardware and software, and network rack and cabinet enclosures under the SYSTIMAX, NETCONNECT, and Uniprise brands; and fiber management systems, patch cords and panels, pre-terminated fiber connectivity products, cabling systems, and cable assemblies for use in offices and data centers. It also provides fiber optic connectivity solutions, including hardened connector systems, fiber distribution hubs and management systems, couplers and splitters, plug and play multiport service terminals, hardened optical terminating enclosures, high density cable assemblies, optical distribution frames, and splice closures that support video, voice, and high-speed data services provided by telecommunications operators and multi-system operators. The company’s CommScope Mobility Solutions segment offers macro cell site solutions, such as base station and microwave antennas, hybrid fiber-feeder and power cables, coaxial cables, connectors, and filters; towers comprising cabinets, platforms, fiber backhaul connectivity hubs, and power solutions; metro cell solutions for street poles and other urban outdoor structures that include radio frequency delivery and connectivity solutions, equipment housing, and concealment; and small cell and distributed antenna system (DAS) solutions, which comprise DAS and distributed cell solutions under the Andrew brand. The company sells its products through a network of distributors, system integrators, and value-added resellers. The company was formerly known as Cedar I Holding Company, Inc. CommScope Holding Company, Inc. was founded in 1976 and is headquartered in Hickory, North Carolina.

Details
Name: CommScope Holding Company, Inc.
CM9
Exchange: DB
Founded: 1976
$4,444,384,957
192,380,278
Website: http://www.commscope.com
Address: CommScope Holding Company, Inc.
1100 CommScope Place, SE,
Hickory,
North Carolina, 28602,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS COMM Common Stock Nasdaq Global Select US USD 25. Oct 2013
DB CM9 Common Stock Deutsche Boerse AG DE EUR 25. Oct 2013
Number of employees
Current staff
Staff numbers
20,000
CommScope Holding Company employees.
Industry
Communications Equipment
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 22:00
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/22
Last earnings filing: 2019/02/21
Last earnings reported: 2018/12/31
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.