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Optical Cable

DB:OCC
Snowflake Description

Adequate balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OCC
DB
$35M
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

Optical Cable Corporation, together with its subsidiaries, manufactures and sells fiber optic and copper data communications cabling and connectivity solutions primarily for the enterprise market in the United States and internationally. The last earnings update was 43 days ago. More info.


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  • Optical Cable has significant price volatility in the past 3 months.
OCC Share Price and Events
7 Day Returns
-0.8%
DB:OCC
-10.1%
DE Communications
1%
DE Market
1 Year Returns
87.9%
DB:OCC
16.9%
DE Communications
-5.6%
DE Market
OCC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Optical Cable (OCC) -0.8% 3% 34.4% 87.9% 94.2% 56.4%
DE Communications -10.1% -5.1% 17.5% 16.9% -1.2% 48.8%
DE Market 1% 6.1% 8.4% -5.6% 10.9% 13.8%
1 Year Return vs Industry and Market
  • OCC outperformed the Communications industry which returned 16.9% over the past year.
  • OCC outperformed the Market in Germany which returned -5.6% over the past year.
Price Volatility
OCC
Industry
5yr Volatility vs Market

OCC Value

 Is Optical Cable 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 Optical Cable 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 Optical Cable.

DB:OCC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 7.6%
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:OCC
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%) (31.58%))
1.243
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.24
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.243 * 5.96%)
7.63%

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

The calculations below outline how an intrinsic value for Optical Cable 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:OCC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.63%)
2019 1.27 Est @ -17.39% 1.18
2020 1.12 Est @ -12.1% 0.97
2021 1.02 Est @ -8.4% 0.82
2022 0.97 Est @ -5.81% 0.72
2023 0.93 Est @ -4% 0.64
2024 0.90 Est @ -2.73% 0.58
2025 0.88 Est @ -1.84% 0.53
2026 0.87 Est @ -1.22% 0.49
2027 0.87 Est @ -0.79% 0.45
2028 0.86 Est @ -0.48% 0.41
Present value of next 10 years cash flows $6.78
DB:OCC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $0.86 × (1 + 0.23%) ÷ (7.63% – 0.23%)
$11.67
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $11.67 ÷ (1 + 7.63%)10
$5.59
DB:OCC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $6.78 + $5.59
$12.38
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $12.38 / 7.44
$1.66
DB:OCC Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:OCC represents 0.87966x of NasdaqGM:OCC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.87966x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 1.66 x 0.87966
€1.46
Value per share (EUR) From above. €1.46
Current discount Discount to share price of €4.15
= -1 x (€4.15 - €1.46) / €1.46
-183.6%

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

  • The current share price of Optical Cable is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Optical Cable's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Optical Cable's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:OCC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-01-31) in USD $-0.23
NasdaqGM:OCC Share Price ** NasdaqGM (2019-04-24) in USD $4.72
Germany Communications Industry PE Ratio Median Figure of 5 Publicly-Listed Communications Companies 28.63x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.72x

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

** Primary Listing of Optical Cable.

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

= NasdaqGM:OCC Share Price ÷ EPS (both in USD)

= 4.72 ÷ -0.23

-20.13x

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

  • Optical Cable is loss making, we can't compare its value to the DE Communications industry average.
  • Optical Cable is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Optical Cable's expected growth come at a high price?
Raw Data
DB:OCC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -20.13x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Communications Industry PEG Ratio Median Figure of 13 Publicly-Listed Communications Companies 1.37x
Germany Market PEG Ratio Median Figure of 269 Publicly-Listed Companies 1.58x

*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 Optical Cable, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Optical Cable's assets?
Raw Data
DB:OCC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-01-31) in USD $3.16
NasdaqGM:OCC Share Price * NasdaqGM (2019-04-24) in USD $4.72
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 1.87x
DB:OCC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:OCC Share Price ÷ Book Value per Share (both in USD)

= 4.72 ÷ 3.16

1.49x

* Primary Listing of Optical Cable.

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

  • Optical Cable is good value based on assets compared to the DE Communications industry average.
X
Value checks
We assess Optical Cable'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. Optical Cable has a total score of 1/6, 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.

OCC Future Performance

 How is Optical Cable expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Optical Cable has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
18.8%
Expected Communications industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Optical Cable expected to grow at an attractive rate?
  • Unable to compare Optical Cable's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Optical Cable's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Optical Cable's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:OCC Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Communications Industry Earnings Growth Rate Market Cap Weighted Average 18.8%
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:OCC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:OCC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-01-31 87 2 -2
2018-10-31 88 3 1
2018-07-31 85 1 1
2018-04-30 78 -3 0
2018-01-31 67 -1 -2
2017-10-31 64 -1 -2
2017-07-31 64 0 0
2017-04-30 65 2 0
2017-01-31 65 3 -1
2016-10-31 65 3 -2
2016-07-31 64 2 -6
2016-04-30 68 1 -6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Optical Cable is high growth as no earnings estimate data is available.
  • Unable to determine if Optical Cable is high growth as no revenue estimate data is available.
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:OCC 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 0 Analyst Estimates (S&P Global) See Below

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

DB:OCC Past Financials Data
Date (Data in USD Millions) EPS *
2019-01-31 -0.23
2018-10-31 0.14
2018-07-31 0.11
2018-04-30 0.01
2018-01-31 -0.23
2017-10-31 -0.27
2017-07-31 -0.06
2017-04-30 0.01
2017-01-31 -0.10
2016-10-31 -0.28
2016-07-31 -0.87
2016-04-30 -1.00

*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 Optical Cable will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Optical Cable's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Optical Cable's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Tech companies here
  3. Optical Cable's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Optical Cable'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.
Optical Cable has a total score of 0/6, 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.

OCC Past Performance

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

DB:OCC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-01-31 87.03 -1.83 27.35
2018-10-31 87.83 1.07 26.13
2018-07-31 84.76 0.83 24.78
2018-04-30 78.08 0.10 23.84
2018-01-31 67.04 -1.53 22.33
2017-10-31 64.09 -1.74 21.97
2017-07-31 64.20 -0.39 21.76
2017-04-30 64.68 0.09 21.41
2017-01-31 65.17 -0.65 20.87
2016-10-31 64.62 -1.78 20.76
2016-07-31 64.06 -5.50 21.28
2016-04-30 67.92 -6.27 22.29
2016-01-31 70.26 -5.77 23.41
2015-10-31 73.57 -4.26 24.04
2015-07-31 82.06 -0.34 25.63
2015-04-30 82.29 0.52 26.30
2015-01-31 83.80 0.87 26.66
2014-10-31 82.98 0.68 26.99
2014-07-31 76.97 -0.35 25.89
2014-04-30 75.57 -0.77 25.28
2014-01-31 74.51 -0.58 24.85
2013-10-31 75.27 -0.04 25.00
2013-07-31 78.16 0.48 25.77
2013-04-30 80.56 1.78 26.52
2013-01-31 83.48 2.69 27.52
2012-10-31 83.52 2.75 27.30
2012-07-31 81.06 2.55 27.15
2012-04-30 77.83 1.50 26.48

*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 Optical Cable has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Optical Cable has efficiently used its assets last year compared to the DE Communications industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Optical Cable improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Optical Cable'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.
Optical Cable 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.

OCC Health

 How is Optical Cable'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 Optical Cable's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Optical Cable is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Optical Cable's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Optical Cable's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.7x 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 Optical Cable Company Filings, last reported 2 months ago.

DB:OCC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-01-31 23.49 11.16 0.42
2018-10-31 26.81 9.42 0.18
2018-07-31 26.30 12.25 1.04
2018-04-30 25.21 15.23 0.28
2018-01-31 23.26 12.51 0.53
2017-10-31 23.69 12.37 0.89
2017-07-31 24.16 12.13 0.53
2017-04-30 24.23 11.70 0.80
2017-01-31 24.27 11.47 1.25
2016-10-31 24.76 11.95 1.88
2016-07-31 23.91 12.92 1.77
2016-04-30 23.59 13.09 0.66
2016-01-31 24.32 13.16 0.54
2015-10-31 25.89 13.23 1.08
2015-07-31 28.81 12.29 0.56
2015-04-30 29.40 11.86 0.67
2015-01-31 29.68 10.43 0.69
2014-10-31 30.31 10.00 1.09
2014-07-31 29.39 10.56 0.47
2014-04-30 29.12 10.63 0.29
2014-01-31 29.12 9.69 0.73
2013-10-31 29.56 10.26 0.75
2013-07-31 29.65 11.57 0.55
2013-04-30 29.79 10.88 0.78
2013-01-31 29.57 9.94 0.51
2012-10-31 30.04 9.09 0.59
2012-07-31 29.69 9.35 1.21
2012-04-30 29.13 8.85 1.03
  • Optical Cable's level of debt (47.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (33.3% vs 47.5% 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 Optical Cable has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Optical Cable has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -5% per year.
X
Financial health checks
We assess Optical Cable'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. Optical Cable has a total score of 4/6, 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.

OCC Dividends

 What is Optical Cable'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 Optical Cable dividends.
If you bought €2,000 of Optical Cable 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 Optical Cable's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Optical Cable'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:OCC 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 0 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:OCC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2017-09-12 0.000 0.000
2017-06-13 0.000 0.000
2017-03-08 0.000 0.000
2016-12-20 0.000 0.000
2016-09-13 0.000 0.000
2016-06-07 0.000 0.000
2016-03-14 0.000 0.000
2015-10-20 0.080 2.945
2015-07-16 0.080 2.358
2015-04-17 0.080 2.097
2015-01-16 0.080 1.714
2014-10-16 0.080 1.747
2014-07-16 0.080 1.862
2014-04-16 0.080 2.098
2014-01-16 0.080 2.112
2013-10-15 0.080 2.098
2013-07-15 0.080 1.896
2013-04-16 0.080 1.865
2012-12-06 0.080 1.960
2012-10-16 0.060 1.418
2012-07-17 0.060 1.452
2012-04-17 0.060 1.741
2012-01-17 0.060 1.736
2011-10-17 0.040 1.172
2011-07-18 0.040 1.085
2011-04-20 0.040 0.928
2011-01-18 0.040 0.770
2010-10-21 0.040 1.286

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

  • Unable to perform a dividend volatility check as Optical Cable has not reported any payouts.
  • Unable to verify if Optical Cable's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Optical Cable's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Optical Cable 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 Optical Cable'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 Optical Cable afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Optical Cable 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.

OCC Management

 What is the CEO of Optical Cable'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
Neil Wilkin
COMPENSATION $1,118,842
AGE 54
TENURE AS CEO 15.6 years
CEO Bio

Mr. Neil D. Wilkin, Jr. has been the Chairman and Chief Executive Officer of Optical Cable Corp. since September 26, 2003 and has been its President since April 11, 2002. Mr. Wilkin serves as the Chairman and Chief Executive Officer of SMP Data Communications Inc., a subsidiary of Optical Cable Corp. He served as the Acting President of Optical Cable Corp. since December 2001 and served as its Senior Vice President and Chief Financial Officer since September 2001. He served as Senior Vice President, Chief Financial Officer and Treasurer of homebytes.com, Incorporated. He joined Homebytes in January 2000. He also was Senior Vice President and Chief Financial Officer of Owners.com, Inc., a subsidiary of Homebytes. He practiced law for over 5 years concentrating on mergers and acquisitions, corporate finance and general corporate matters. Mr. Wilkin worked at two law firms, McGuireWoods LLP in Richmond, Virginia and Kirkland & Ellis in Washington, D.C. He has been a Director of Optical Cable Corp. since September 2001. He served as Director of Luna Innovations Incorporated since May 2012 until May 08, 2015. He practiced with Coopers & Lybrand (a predecessor to PricewaterhouseCoopers) before returning to graduate business school and law school. Mr. Wilkin holds an MBA from the University of Virginia's Darden Graduate Business School, his JD from the University of Virginia, School of Law and his BS in Commerce with Distinction from the University of Virginia, McIntire School of Commerce.

CEO Compensation
  • Neil's compensation has increased whilst company is loss making.
  • Neil's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Optical Cable management team in years:

15.6
Average Tenure
  • The average tenure for the Optical Cable management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Neil Wilkin

TITLE
Chairman
COMPENSATION
$1M
AGE
54
TENURE
15.6 yrs

Tracy Smith

TITLE
Senior VP
COMPENSATION
$592K
AGE
51
TENURE
15.6 yrs

Phil Peters

TITLE
Vice President of Human Resources
TENURE
9.9 yrs
Board of Directors Tenure

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

16.4
Average Tenure
65.5
Average Age
  • The average tenure for the Optical Cable board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Neil Wilkin

TITLE
Chairman
COMPENSATION
$1M
AGE
54
TENURE
15.6 yrs

Randall Frazier

TITLE
Independent Director
COMPENSATION
$69K
AGE
67
TENURE
23 yrs

Craig Weber

TITLE
Independent Director
COMPENSATION
$76K
AGE
58
TENURE
17.2 yrs

John Williamson

TITLE
Independent Director
COMPENSATION
$78K
AGE
64
TENURE
14.8 yrs

John Holland

TITLE
Independent Director
COMPENSATION
$61K
AGE
72
TENURE
23 yrs

John Nygren

TITLE
Independent Director
COMPENSATION
$72K
AGE
69
TENURE
3.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
17. Oct 18 Sell Randall Frazier Individual 15. Oct 18 15. Oct 18 -4,534 €4.57 €-20,733
04. Oct 18 Sell Neil Wilkin Individual 02. Oct 18 02. Oct 18 -80,000 €4.54 €-363,216
19. Jun 18 Sell Neil Wilkin Individual 15. Jun 18 19. Jun 18 -10,000 €3.07 €-30,234
X
Management checks
We assess Optical Cable'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. Optical Cable 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.

OCC News

Simply Wall St News

OCC Company Info

Description

Optical Cable Corporation, together with its subsidiaries, manufactures and sells fiber optic and copper data communications cabling and connectivity solutions primarily for the enterprise market in the United States and internationally. The company provides fiber optic cables for high bandwidth transmission of data, video, and voice communications; and copper datacom cables, including unshielded and shielded twisted pair. It also offers fiber optic connectivity products, including fiber optic wall mounts, cabinet mount and rack mount enclosures, pre-terminated fiber optic enclosures, fiber optic connectors, splice trays, fiber optic jumpers, plug and play cassette modules, pre-terminated fiber optic cable assemblies, adapters, and accessories. In addition, the company provides copper connectivity products comprising category compliant patch panels, jacks, plugs, patch cords, faceplates, surface mounted boxes, distribution and multi-media boxes, copper rack mount and wall mount enclosures, cable assemblies, cable organizers, and other wiring products for datacenter, telecommunications closet, equipment room, and workstation applications. Further, it offers network, data storage, and telecommunications management systems, such as data cabinets, wall-mount enclosures, cable management systems, and open frame relay racks for enterprise and residential use; and datacom wiring products, such as various enclosures, modules, and modular outlets for single dwelling and multiple dwelling residential uses. Additionally, the company provides specialty fiber optic connectors and connectivity components, ruggedized copper datacom connectors, and related systems and solutions for military, other harsh environment, and specialty applications. It sells its products to distributors, original equipment manufacturers, value-added resellers, and end-users. Optical Cable Corporation was founded in 1983 and is headquartered in Roanoke, Virginia.

Details
Name: Optical Cable Corporation
OCC
Exchange: DB
Founded: 1983
$31,563,163
7,436,907
Website: http://www.occfiber.com
Address: Optical Cable Corporation
5290 Concourse Drive,
Roanoke,
Virginia, 24019,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM OCC Common Stock Nasdaq Global Market US USD 02. Apr 1996
DB OCC Common Stock Deutsche Boerse AG DE EUR 02. Apr 1996
Number of employees
Current staff
Staff numbers
376
Optical Cable employees.
Industry
Communications Equipment
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 21:56
End of day share price update: 2019/04/24 00:00
Last earnings filing: 2019/03/12
Last earnings reported: 2019/01/31
Last annual earnings reported: 2018/10/31


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.