Loading...

Mitel Networks

DB:M08
Snowflake Description

Moderate growth potential and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
M08
DB
$1B
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

Mitel Networks Corporation provides cloud and on-site business communications and collaboration software, services, and solutions. The last earnings update was 37 days ago. More info.


Add to Portfolio Compare Print
M08 Share Price and Events
7 Day Returns
0.4%
DB:M08
0.5%
DE Communications
1.6%
DE Market
1 Year Returns
46.2%
DB:M08
5.3%
DE Communications
-13.7%
DE Market
M08 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mitel Networks (M08) 0.4% 0.2% 3.7% 46.2% 27.5% 43.4%
DE Communications 0.5% -2.7% -4.7% 5.3% -24.6% 23.8%
DE Market 1.6% 0.8% -8.5% -13.7% -0.2% 12.1%
1 Year Return vs Industry and Market
  • M08 outperformed the Communications industry which returned 5.3% over the past year.
  • M08 outperformed the Market in Germany which returned -13.7% over the past year.
Price Volatility
M08
Industry
5yr Volatility vs Market

Value

 Is Mitel Networks 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 Mitel Networks 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 Mitel Networks.

DB:M08 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.5%

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:M08
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 9.5%
Communications Unlevered Beta Simply Wall St/ S&P Global 0.27
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.267 (1 + (1- 26.5%) (35.48%))
0.336
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.54% + (0.8 * 9.46%)
8.11%

Discounted Cash Flow Calculation for DB:M08 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Mitel Networks is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:M08 DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (USD, Millions) 184.90 202.60 221.99 243.24 266.52
Source Analyst x1 Est @ 9.57% Est @ 9.57% Est @ 9.57% Est @ 9.57%
Present Value
Discounted (@ 8.11%)
171.03 173.35 175.69 178.07 180.48
Present value of next 5 years cash flows $878.63
DB:M08 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= $266.52 × (1 + 0.54%) ÷ (8.11% – 0.54%)
$3,541.55
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $3,541.55 ÷ (1 + 8.11%)5
$2,398.26
DB:M08 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $878.63 + $2,398.26
$3,276.89
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $3,276.89 / 123.09
$22.8
DB:M08 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:M08 represents 0.85638x of NasdaqGS:MITL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.85638x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 26.62 x 0.85638
€22.80
Value per share (EUR) From above. €22.80
Current discount Discount to share price of €9.54
= -1 x (€9.54 - €22.80) / €22.80
58.2%

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

Current Discount
Amount off the current price Mitel Networks is available for.
Intrinsic value
>50%
Share price is €9.54 vs Future cash flow value of €22.8
Current Discount Checks
For Mitel Networks to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Mitel Networks's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Mitel Networks'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 Mitel Networks's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mitel Networks's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:M08 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $-0.12
NasdaqGS:MITL Share Price ** NasdaqGS (2018-11-29) in USD $11.14
Germany Communications Industry PE Ratio Median Figure of 5 Publicly-Listed Communications Companies 20.37x
Germany Market PE Ratio Median Figure of 413 Publicly-Listed Companies 17.15x

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

** Primary Listing of Mitel Networks.

DB:M08 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 11.14 ÷ -0.12

-96.58x

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

  • Mitel Networks is loss making, we can't compare its value to the DE Communications industry average.
  • Mitel Networks is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Mitel Networks's expected growth come at a high price?
Raw Data
DB:M08 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -96.58x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
210.7%per year
Europe Communications Industry PEG Ratio Median Figure of 10 Publicly-Listed Communications Companies 0.82x
Germany Market PEG Ratio Median Figure of 273 Publicly-Listed Companies 1.32x

*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 Mitel Networks, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Mitel Networks's assets?
Raw Data
DB:M08 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $3.26
NasdaqGS:MITL Share Price * NasdaqGS (2018-11-29) in USD $11.14
Germany Communications Industry PB Ratio Median Figure of 7 Publicly-Listed Communications Companies 1.53x
Germany Market PB Ratio Median Figure of 555 Publicly-Listed Companies 1.84x
DB:M08 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 11.14 ÷ 3.26

3.41x

* Primary Listing of Mitel Networks.

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

  • Mitel Networks is overvalued based on assets compared to the DE Communications industry average.
X
Value checks
We assess Mitel Networks'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. Mitel Networks has a total score of 2/6, 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.

Future Performance

 How is Mitel Networks expected to perform in the next 1 to 3 years based on estimates from 3 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
210.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mitel Networks expected to grow at an attractive rate?
  • Mitel Networks's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Mitel Networks's earnings growth is expected to exceed the Germany market average.
  • Mitel Networks's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:M08 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:M08 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 210.7%
DB:M08 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 0.7%
Germany Communications Industry Earnings Growth Rate Market Cap Weighted Average 35.8%
Europe Communications Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 10.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.3%

*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:M08 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:M08 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2019-12-31 1,310 189 52 3
2018-12-31 1,293 165 6 1
DB:M08 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 1,304 121 -14
2018-06-30 1,236 96 -34
2018-03-31 1,150 56 -50
2017-12-31 1,059 37 -48
2017-09-30 963 68 -33
2017-06-30 956 69 28
2017-03-31 978 74 27
2016-12-31 988 100 35
2016-09-30 938 81 42
2016-06-30 994 68 0
2016-03-31 1,011 70 -11
2015-12-31 1,026 55 7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Mitel Networks's earnings are expected to grow significantly at over 20% yearly.
  • Mitel Networks's revenue is expected to grow by 0.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:M08 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 3 Analyst Estimates (S&P Global) See Below

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

DB:M08 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2019-12-31 0.42 0.42 0.42 1.00
2018-12-31 0.05 0.05 0.05 1.00
DB:M08 Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 -0.12
2018-06-30 -0.28
2018-03-31 -0.41
2017-12-31 -0.40
2017-09-30 -0.27
2017-06-30 0.23
2017-03-31 0.22
2016-12-31 0.29
2016-09-30 0.35
2016-06-30 0.00
2016-03-31 -0.09
2015-12-31 0.06

*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.
  • Unable to establish if Mitel Networks will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Mitel Networks'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.
Mitel Networks 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.

Past Performance

  How has Mitel Networks 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 Mitel Networks'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.
  • Mitel Networks does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Mitel Networks's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Mitel Networks's 1-year growth to the Europe Communications industry average as it is not currently profitable.
Earnings and Revenue History
Mitel Networks'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 Mitel Networks Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:M08 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 1,304.00 -14.00 451.20 147.50
2018-06-30 1,235.90 -34.10 429.70 133.90
2018-03-31 1,149.80 -49.60 403.40 118.30
2017-12-31 1,059.10 -48.30 367.90 104.50
2017-09-30 963.00 -32.70 331.00 89.60
2017-06-30 956.00 27.90 332.40 90.10
2017-03-31 977.70 27.10 335.40 94.10
2016-12-31 987.60 35.00 339.80 96.50
2016-09-30 937.90 42.00 318.50 80.60
2016-06-30 994.10 0.10 330.30 93.00
2016-03-31 1,010.70 -10.60 334.20 100.50
2015-12-31 1,025.80 6.50 331.00 102.20
2015-09-30 1,117.10 -3.60 356.70 126.10
2015-06-30 1,098.80 -0.80 349.40 121.00
2015-03-31 1,110.60 11.60 349.40 118.90
2014-12-31 1,104.00 -7.30 344.70 118.30
2014-09-30 913.85 -28.95 305.45 104.45
2014-06-30 776.45 -25.05 267.25 88.35
2014-03-31 634.35 -23.15 220.55 69.95
2013-12-31 535.95 -8.25 198.15 57.45
2013-10-31 579.40 15.00 220.80 55.90
2013-07-31 580.00 8.00 219.30 55.00
2013-04-30 576.90 9.90 198.70 55.70
2013-01-31 583.60 51.40 220.70 57.00
2012-10-31 592.10 50.70 223.80 57.50
2012-07-31 601.20 50.60 225.30 58.00
2012-04-30 611.80 49.20 200.60 58.60
2012-01-31 606.40 3.30 222.50 59.60

*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 Mitel Networks has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Mitel Networks used its assets less efficiently than the DE Communications industry average last year based on Return on Assets.
  • Mitel Networks has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Mitel Networks'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.
Mitel Networks has a total score of 1/6, 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.

Health

 How is Mitel Networks'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 Mitel Networks's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mitel Networks's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Mitel Networks's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Mitel Networks'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 0.8x 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 Mitel Networks Company Filings, last reported 2 months ago.

DB:M08 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 401.60 486.50 45.00
2018-06-30 401.70 532.90 39.00
2018-03-31 358.50 602.80 43.10
2017-12-31 345.70 629.10 43.30
2017-09-30 318.10 632.30 55.40
2017-06-30 334.40 259.30 50.80
2017-03-31 362.00 237.40 56.50
2016-12-31 382.90 586.00 97.30
2016-09-30 556.90 586.60 73.30
2016-06-30 565.90 595.90 61.20
2016-03-31 586.00 608.40 83.40
2015-12-31 604.90 645.30 82.20
2015-09-30 598.20 646.30 82.90
2015-06-30 598.00 662.70 76.00
2015-03-31 407.00 291.20 100.80
2014-12-31 447.80 309.80 111.30
2014-09-30 466.50 331.50 120.10
2014-06-30 486.30 342.00 134.20
2014-03-31 493.40 366.60 136.00
2013-12-31 118.40 269.50 40.20
2013-10-31 108.00 288.90 70.50
2013-07-31 114.30 287.50 55.30
2013-04-30 84.00 288.10 69.00
2013-01-31 78.90 314.70 100.60
2012-10-31 94.40 313.70 87.40
2012-07-31 91.00 313.20 77.50
2012-04-30 89.80 311.80 78.70
2012-01-31 29.40 310.70 76.90
  • Mitel Networks's level of debt (121.1%) 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 (262.1% vs 121.1% today).
  • Debt is well covered by operating cash flow (25%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.4x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Mitel Networks'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. Mitel Networks 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.

Dividends

 What is Mitel Networks'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 Mitel Networks dividends.
If you bought €2,000 of Mitel Networks 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 Mitel Networks's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Mitel Networks'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:M08 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 3 Analyst Estimates (S&P Global) See Below
Europe Communications Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 2.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:M08 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2019-12-31
2018-12-31

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

  • Unable to perform a dividend volatility check as Mitel Networks has not reported any payouts.
  • Unable to verify if Mitel Networks's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Mitel Networks's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Mitel Networks has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Mitel Networks's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Mitel Networks afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mitel Networks 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.

Management

 What is the CEO of Mitel Networks'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
Rich McBee
COMPENSATION $4,459,895
AGE 55
TENURE AS CEO 7.8 years
CEO Bio

Mr. Richard D. McBee, also known as Rich, has been the Chief Executive Officer at Mitel Networks Corp. since January 17, 2011 and has been its President since May 2011. Mr. McBee serves as Director at Sportsman's Warehouse Holdings, Inc since 2018. Mr. McBee served as the Chief Operating Officer at Mitel Networks Corporation since May 2011. Mr. McBee has more than 20 years’ experience in telecommunications. He served as the President of the Communications & Enterprise Group of Danaher Corporation. He served as Vice President and Group Executive at Danaher Corp., from January 2009 to May 1, 2011. Mr. McBee joined Danaher in 2007 as President of Tektronix Communications, following the acquisition by Danaher of Tektronix. Mr. McBee served as Senior Vice President of Communications Business at Tektronix, Inc., since June 23, 2005 and its General Manager of Communications Business. Mr. McBee served as Senior Vice President of Worldwide Sales, Service & Marketing of Tektronix, Inc. from March 14 2005 to June 23, 2005 and its Vice President of Worldwide Sales, Service and Marketing from March 2001 to March 14 2005. He joined Tektronix, Inc. in May 1991 as Product Marketing Manager and held various management positions in marketing until 1995. He then moved into the U.S. Sales organization where he held various management positions including: Major Accounts Manager, Federal Sales and Marketing Manager and Region Manager for the U.S. South Central Region. After this field experience, he returned to Tektronix' headquarters as Director of Strategic Planning. Mr. McBee served as a Director of Marketing for the Instruments Business Unit from November 1995 to August 1997, General Manager of Tektronix Canada until May 1999, Vice President of Global Marketing and Strategic Initiatives until November 1999 and Vice President of Global Marketing and Strategic Initiatives until January 2000, when he served as Vice President of Worldwide Sales and Marketing. Mr. McBee began his career as a Program Manager for the development of satellite control systems as a member of the United States Air Force. He has been Director of Mitel Networks Corp. since January 20, 2011. He serves as a Director of Alliance for Telecommunications Industry Solutions. He holds Board position on the Portland State University Business Advisory Council and is a trustee of the Tektronix Foundation. Mr. McBee received a Master's Degree in Business Administration from Chapman School of Business and Economics and a Bachelor of Science degree from the United States Air Force Academy.

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

Average tenure and age of the Mitel Networks management team in years:

6.5
Average Tenure
58.5
Average Age
  • The average tenure for the Mitel Networks management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Rich McBee

TITLE
CEO, President & Director
COMPENSATION
$4M
AGE
55
TENURE
7.8 yrs

Steve Spooner

TITLE
Chief Financial Officer
COMPENSATION
$2M
AGE
60
TENURE
15.4 yrs

Todd Abbott

TITLE
Executive Vice President of Global Sales & Services
COMPENSATION
$1M
AGE
59
TENURE
1.6 yrs

Graham Bevington

TITLE
Executive Vice President of Business Development
COMPENSATION
$1M
AGE
58
TENURE
17.7 yrs

Bob Agnes

TITLE
Executive VP and President of Mitel Products & Solutions
COMPENSATION
$989K
AGE
59
TENURE
4.3 yrs

Jim Davies

TITLE
Chief Technology Officer
AGE
55

Jamshid Rezaei

TITLE
Chief Information Officer

Mike McCarthy

TITLE
Vice President of Investor Relations
TENURE
5.2 yrs

Greg Hiscock

TITLE
General Counsel & Corporate Secretary

Amy MacLeod

TITLE
Vice President of Corporate Communications
Board of Directors Tenure

Average tenure and age of the Mitel Networks board of directors in years:

8.3
Average Tenure
56.5
Average Age
  • The tenure for the Mitel Networks board of directors is about average.
Board of Directors

Terry Matthews

TITLE
Co-Chairman
COMPENSATION
$220K
AGE
75
TENURE
17.7 yrs

Rich McBee

TITLE
CEO, President & Director
COMPENSATION
$4M
AGE
55
TENURE
7.8 yrs

Peter Charbonneau

TITLE
Lead Director
COMPENSATION
$181K
AGE
64
TENURE
17.7 yrs

Ben Ball

TITLE
Independent Director
COMPENSATION
$167K
AGE
52
TENURE
11.1 yrs

John McHugh

TITLE
Independent Director
COMPENSATION
$166K
AGE
57
TENURE
8.7 yrs

Dave Williams

TITLE
Independent Director
COMPENSATION
$162K
AGE
76
TENURE
4.8 yrs

Sudhakar Ramakrishna

TITLE
Independent Director
COMPENSATION
$167K
AGE
50
TENURE
3.5 yrs

Martha Bejar

TITLE
Director
COMPENSATION
$280K
AGE
56
TENURE
1.7 yrs
Who owns this company?
Recent Insider Trading
  • Mitel Networks insiders have only sold shares in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
07. Nov 18 Sell Terence Matthews Individual 06. Nov 18 06. Nov 18 -1,322 €9.62 €-12,713
07. Nov 18 Sell John McHugh Individual 06. Nov 18 06. Nov 18 -297 €9.62 €-2,856
07. Nov 18 Sell Martha Bejar Individual 06. Nov 18 06. Nov 18 -30 €9.62 €-288
07. Nov 18 Sell Benjamin Ball Individual 06. Nov 18 06. Nov 18 -338 €9.62 €-3,250
14. Aug 18 Sell Terence Matthews Individual 13. Aug 18 13. Aug 18 -1,319 €9.61 €-12,682
09. Aug 18 Sell Terence Matthews Individual 07. Aug 18 07. Aug 18 -1,300 €9.50 €-12,349
09. Aug 18 Sell John Bellomo Individual 07. Aug 18 07. Aug 18 -700 €9.50 €-6,650
09. Aug 18 Sell Michael McCarthy Individual 07. Aug 18 07. Aug 18 -63 €9.50 €-598
09. Aug 18 Sell Gregory Hiscock Individual 07. Aug 18 07. Aug 18 -119 €9.50 €-1,130
09. Aug 18 Sell Wesley Durow Individual 07. Aug 18 07. Aug 18 -1,225 €9.50 €-11,637
09. Aug 18 Sell Mahawa Touray Individual 07. Aug 18 07. Aug 18 -349 €9.50 €-3,315
09. Aug 18 Sell Todd Abbott Individual 07. Aug 18 07. Aug 18 -2,448 €9.50 €-23,255
12. Mar 18 Sell Francisco Partners Management LLC Company 27. Feb 18 27. Feb 18 -82,405 €6.80 €-559,960
09. Mar 18 Sell Terence Matthews Individual 07. Mar 18 07. Mar 18 -843,397 €6.57 €-5,541,631
07. Mar 18 Sell Robert Agnes Individual 06. Mar 18 06. Mar 18 -5,071 €6.45 €-32,721
06. Mar 18 Sell Terence Matthews Individual 02. Mar 18 05. Mar 18 -158,432 €6.63 €-1,049,164
X
Management checks
We assess Mitel Networks'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. Mitel Networks 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.

News

External News
Loading...
Simply Wall St News

Company Info

Map
Description

Mitel Networks Corporation provides cloud and on-site business communications and collaboration software, services, and solutions. It operates in two segments, Enterprise and Cloud. The Enterprise segment sells and supports products and services for premise-based customers, including its premise-based IP and TDM telephony platforms; desktop devices, and unified communications and collaborations (UCC); and contact center applications that are deployed on the customer’s premise under the MiVoice brand. The Cloud segment offers retail cloud services, such as UCC applications, voice and data telecommunications, and desktop devices that provide hosted cloud and related services directly to the end users under the MiCloud brand. It also provides wholesale services comprising hosted PBX, voice and video calling, SIP trunking, voicemail, call center, audio conferencing, and video and Web collaboration services to service providers under the Powered by Mitel brand. The company sells its solutions through direct and indirect channels, as well as through strategic technology partnerships in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific regions. Mitel Networks Corporation was incorporated in 2001 and is headquartered in Ottawa, Canada.

Details
Name: Mitel Networks Corporation
M08
Exchange: DB
Founded: 2001
$1,204,988,441
123,085,712
Website: http://www.mitel.com
Address: Mitel Networks Corporation
350 Legget Drive,
Kanata,
Ottawa,
Ontario, K2K 2W7,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS MITL Common Shares Nasdaq Global Select US USD 22. Apr 2010
DB M08 Common Shares Deutsche Boerse AG DE EUR 22. Apr 2010
TSX MNW Common Shares The Toronto Stock Exchange CA CAD 22. Apr 2010
Number of employees
Current staff
Staff numbers
3,820
Mitel Networks employees.
Industry
Communications Equipment
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/11/30 19:20
End of day share price update: 2018/11/29 00:00
Last estimates confirmation: 2018/11/12
Last earnings filing: 2018/10/24
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.