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Frontier Communications

DB:YC51
Snowflake Description

Fair value with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
YC51
DB
$180M
Market Cap
  1. Home
  2. DE
  3. Telecom
Company description

Frontier Communications Corporation provides communications services to consumer, commercial, and wholesale customers in the United States. The last earnings update was 74 days ago. More info.


Add to Portfolio Compare Print
  • Frontier Communications has significant price volatility in the past 3 months.
YC51 Share Price and Events
7 Day Returns
-3.9%
DB:YC51
-2%
DE Telecom
-1.8%
DE Market
1 Year Returns
-64.9%
DB:YC51
-1.2%
DE Telecom
-6.7%
DE Market
YC51 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Frontier Communications (YC51) -3.9% 8.5% -30.2% -64.9% -97.9% -97.6%
DE Telecom -2% -2.1% -1.4% -1.2% -7.7% 3.4%
DE Market -1.8% 1.6% -1.6% -6.7% 10.1% 11%
1 Year Return vs Industry and Market
  • YC51 underperformed the Telecom industry which returned -1.2% over the past year.
  • YC51 underperformed the Market in Germany which returned -6.7% over the past year.
Price Volatility
YC51
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Frontier Communications 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 Frontier Communications 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 Frontier Communications.

DB:YC51 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.1%
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:YC51
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Telecom Unlevered Beta Simply Wall St/ S&P Global 0.35
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.352 (1 + (1- 21%) (9615.23%))
18.458
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (2 * 5.96%)
12.15%

Discounted Cash Flow Calculation for DB:YC51 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Frontier Communications 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:YC51 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 12.15%)
2020 692.60 Analyst x3 617.57
2021 594.47 Analyst x1 472.66
2022 574.43 Analyst x1 407.25
2023 542.60 Analyst x1 343.01
2024 521.30 Est @ -3.92% 293.86
2025 507.34 Est @ -2.68% 255.01
2026 498.18 Est @ -1.81% 223.28
2027 492.22 Est @ -1.2% 196.71
2028 488.43 Est @ -0.77% 174.05
2029 486.14 Est @ -0.47% 154.47
Present value of next 10 years cash flows $3,137.87
DB:YC51 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $486.14 × (1 + 0.23%) ÷ (12.15% – 0.23%)
$4,087.62
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $4,087.62 ÷ (1 + 12.15%)10
$1,298.84
DB:YC51 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $3,137.87 + $1,298.84
$4,436.71
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $4,436.71 / 105.29
$42.14
DB:YC51 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:YC51 represents 0.89221x of NasdaqGS:FTR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89221x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 42.14 x 0.89221
€37.60
Value per share (EUR) From above. €37.60
Current discount Discount to share price of €1.49
= -1 x (€1.49 - €37.60) / €37.60
96%

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

Current Discount
Amount off the current price Frontier Communications is available for.
Intrinsic value
>50%
Share price is €1.49 vs Future cash flow value of €37.6
Current Discount Checks
For Frontier Communications to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Frontier Communications's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Frontier Communications'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 Frontier Communications's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Frontier Communications's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:YC51 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-8.35
NasdaqGS:FTR Share Price ** NasdaqGS (2019-07-15) in USD $1.67
Germany Telecom Industry PE Ratio Median Figure of 5 Publicly-Listed Telecom Companies 37.3x
Germany Market PE Ratio Median Figure of 419 Publicly-Listed Companies 20.05x

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

** Primary Listing of Frontier Communications.

DB:YC51 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 1.67 ÷ -8.35

-0.2x

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

  • Frontier Communications is loss making, we can't compare its value to the DE Telecom industry average.
  • Frontier Communications is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Frontier Communications's expected growth come at a high price?
Raw Data
DB:YC51 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.2x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
-9.9%per year
Europe Telecom Industry PEG Ratio Median Figure of 35 Publicly-Listed Telecom Companies 1.99x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.47x

*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 Frontier Communications, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Frontier Communications's assets?
Raw Data
DB:YC51 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $14.58
NasdaqGS:FTR Share Price * NasdaqGS (2019-07-15) in USD $1.67
Germany Telecom Industry PB Ratio Median Figure of 7 Publicly-Listed Telecom Companies 1.39x
Germany Market PB Ratio Median Figure of 565 Publicly-Listed Companies 1.74x
DB:YC51 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.67 ÷ 14.58

0.11x

* Primary Listing of Frontier Communications.

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

  • Frontier Communications is good value based on assets compared to the DE Telecom industry average.
X
Value checks
We assess Frontier Communications'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 Telecom 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 Telecom industry average (and greater than 0)? (1 check)
  5. Frontier Communications 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.

Future Performance

 How is Frontier Communications expected to perform in the next 1 to 3 years based on estimates from 10 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
-9.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Frontier Communications expected to grow at an attractive rate?
  • Unable to compare Frontier Communications's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare Frontier Communications's earnings growth to the Germany market average as it is expected to be loss making during the next 1-3 years.
  • Frontier Communications's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:YC51 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:YC51 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts -9.9%
DB:YC51 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts -4.3%
Germany Telecom Industry Earnings Growth Rate Market Cap Weighted Average 23.2%
Germany Telecom Industry Revenue Growth Rate Market Cap Weighted Average 1.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*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:YC51 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:YC51 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 7,071 1,615 -512 1
2022-12-31 7,290 1,679 -397 1
2021-12-31 7,416 1,734 -290 4
2020-12-31 7,836 1,897 -127 10
2019-12-31 8,223 1,769 -145 10
DB:YC51 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 8,513 1,843 -804
2018-12-31 8,611 1,812 -750
2018-09-30 8,704 1,874 -1,613
2018-06-30 8,829 1,944 -1,279
2018-03-31 8,971 1,801 -1,923
2017-12-31 9,128 1,850 -2,020
2017-09-30 9,320 1,899 -1,071
2017-06-30 9,593 1,864 -1,114
2017-03-31 9,897 2,028 -479
2016-12-31 8,896 1,676 -590
2016-09-30 7,900 1,302 -614
2016-06-30 6,800 1,326 -561

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Frontier Communications is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Frontier Communications's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:YC51 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 10 Analyst Estimates (S&P Global) See Below

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

DB:YC51 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 -4.61 -4.61 -4.61 1.00
2022-12-31 -3.64 -3.64 -3.64 1.00
2021-12-31 -2.16 -0.41 -4.26 4.00
2020-12-31 -1.09 0.76 -3.10 8.00
2019-12-31 -1.32 -0.46 -2.98 7.00
DB:YC51 Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -8.35
2018-12-31 -8.36
2018-09-30 -19.02
2018-06-30 -16.45
2018-03-31 -24.75
2017-12-31 -25.99
2017-09-30 -13.79
2017-06-30 -14.35
2017-03-31 -6.17
2016-12-31 -7.60
2016-09-30 -7.93
2016-06-30 -7.27

*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 Frontier Communications will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess Frontier Communications'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 Germany 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.
Frontier Communications 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.

Past Performance

  How has Frontier Communications 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 Frontier Communications's growth in the last year to its industry (Telecom).
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.
  • Frontier Communications does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Frontier Communications's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Frontier Communications's 1-year growth to the DE Telecom industry average as it is not currently profitable.
Earnings and Revenue History
Frontier Communications'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 Frontier Communications Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:YC51 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 8,513.00 -804.00 1,808.00
2018-12-31 8,611.00 -750.00 1,805.00
2018-09-30 8,704.00 -1,613.00 1,819.00
2018-06-30 8,829.00 -1,279.00 1,861.00
2018-03-31 8,971.00 -1,923.00 1,938.00
2017-12-31 9,128.00 -2,020.00 2,019.00
2017-09-30 9,320.00 -1,071.00 2,119.00
2017-06-30 9,593.00 -1,114.00 2,216.00
2017-03-31 9,897.00 -479.00 2,281.00
2016-12-31 8,896.00 -590.00 2,104.00
2016-09-30 7,900.00 -614.00 1,876.00
2016-06-30 6,800.00 -561.00 1,638.00
2016-03-31 5,560.00 -508.00 1,373.00
2015-12-31 5,576.00 -319.00 1,346.00
2015-09-30 5,493.00 -149.00 1,305.00
2015-06-30 5,210.00 -25.00 1,218.00
2015-03-31 4,989.00 40.00 1,152.00
2014-12-31 4,772.00 130.00 1,086.00
2014-09-30 4,622.37 184.13 1,834.81
2014-06-30 4,666.65 176.90 1,580.11
2014-03-31 4,710.18 100.69 1,319.71
2013-12-31 4,762.00 110.00 1,057.00
2013-09-30 4,813.76 67.34 42.00
2013-06-30 4,880.95 98.85 39.70
2013-03-31 4,949.20 155.32 34.90
2012-12-31 5,011.85 133.74 1,100.86
2012-09-30 5,062.45 150.91 2.10

*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 Frontier Communications has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Frontier Communications used its assets more efficiently than the DE Telecom industry average last year based on Return on Assets.
  • It is difficult to establish if Frontier Communications 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 Frontier Communications'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 Telecom 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.
Frontier Communications 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 Frontier Communications'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 Frontier Communications's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Frontier Communications's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Frontier Communications's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Frontier Communications'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 not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Frontier Communications Company Filings, last reported 3 months ago.

DB:YC51 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,535.00 16,919.00 119.00
2018-12-31 1,600.00 17,172.00 354.00
2018-09-30 1,943.00 17,407.00 238.00
2018-06-30 2,401.00 17,437.00 384.00
2018-03-31 2,396.00 17,530.00 201.00
2017-12-31 2,274.00 17,626.00 362.00
2017-09-30 3,410.00 17,770.00 286.00
2017-06-30 3,566.00 17,846.00 387.00
2017-03-31 4,326.00 17,889.00 341.00
2016-12-31 4,519.00 17,923.00 522.00
2016-09-30 4,757.00 17,943.00 331.00
2016-06-30 5,062.00 17,966.00 683.00
2016-03-31 5,254.00 15,866.00 500.00
2015-12-31 5,614.00 15,892.00 936.00
2015-09-30 5,855.00 16,286.00 1,011.00
2015-06-30 6,048.00 9,537.00 1,246.00
2015-03-31 3,507.00 9,657.00 509.00
2014-12-31 3,658.00 9,691.00 682.00
2014-09-30 3,892.52 9,448.14 808.52
2014-06-30 3,943.15 7,913.36 801.70
2014-03-31 3,997.67 8,128.30 954.24
2013-12-31 4,055.48 8,131.58 880.04
2013-09-30 3,906.06 8,145.21 661.00
2013-06-30 3,935.01 8,158.83 548.63
2013-03-31 4,070.38 8,426.63 875.91
2012-12-31 4,119.27 8,942.50 1,326.53
2012-09-30 4,303.40 8,854.14 1,099.49
  • Frontier Communications's level of debt (1114.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (203.3% vs 1114.3% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Frontier Communications has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Frontier Communications has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -44.1% per year.
X
Financial health checks
We assess Frontier Communications'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. Frontier Communications 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 Frontier Communications'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 Frontier Communications dividends. Estimated to be 0% next year.
If you bought €2,000 of Frontier Communications 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 Frontier Communications's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Frontier Communications'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:YC51 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 10 Analyst Estimates (S&P Global) See Below
Germany Telecom Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 5.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

DB:YC51 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.00 5.00
2020-12-31 0.00 8.00
2019-12-31 0.00 8.00
DB:YC51 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-02 0.000 0.000
2019-04-30 0.000 0.000
2019-03-01 0.000 0.000
2019-02-26 0.000 0.000
2018-11-07 0.000 0.000
2018-11-06 0.000 0.000
2018-08-03 0.000 0.000
2018-07-31 0.000 0.000
2018-05-04 0.000 0.000
2018-05-01 0.000 0.000
2017-10-31 0.000 0.000
2017-05-04 2.400 16.200
2017-02-15 6.300 18.649
2016-11-01 6.300 12.166
2016-08-01 6.300 9.539
2016-05-02 6.300 8.253
2016-02-16 6.300 7.911
2015-11-02 6.300 9.071
2015-07-29 6.300 8.168
2015-05-05 6.300 8.237
2014-12-11 6.300 5.860
2014-10-28 6.000 5.959
2014-07-30 6.000 6.218
2014-05-06 6.000 6.867
2014-02-18 6.000 7.509
2013-10-31 6.000 8.555
2013-07-31 6.000 9.070
2013-05-06 6.000 9.649
2013-02-21 6.000 9.849
2012-11-02 6.000 8.966
2012-07-25 6.000 8.672
2012-05-08 6.000 10.954
2012-02-16 6.000 9.454
2011-11-02 11.250 15.028
2011-08-01 11.250 11.424
2011-05-11 11.250 9.241
2011-02-17 11.250 9.156
2010-11-09 11.250 8.035
2010-07-29 11.250 9.251
2010-05-12 15.000 13.062
2010-02-17 15.000 13.095
2009-10-28 15.000 13.086
2009-07-30 15.000 13.935
2009-05-13 15.000 14.264
2009-02-06 15.000 14.061
2008-11-06 15.000 12.064
2008-07-31 15.000 9.485

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

  • Unable to perform a dividend volatility check as Frontier Communications has not reported any payouts.
  • Unable to verify if Frontier Communications's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Frontier Communications's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Frontier Communications has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Frontier Communications's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Frontier Communications'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 Frontier Communications afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Frontier Communications 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 Frontier Communications'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
Dan McCarthy
COMPENSATION $7,135,383
AGE 55
TENURE AS CEO 4.3 years
CEO Bio

Mr. Daniel J. McCarthy, also known as Dan, is the President and Chief Executive Officer of Frontier Communications Corporation (“Frontier”) and has been with Frontier since December 1990. He was elected to the Frontier Board of Directors in May 2014. Prior to becoming President and Chief Executive Officer in April 2015, Mr. McCarthy held other positions of responsibility at Frontier, including President and Chief Operating Officer from April 2012 to April 2015, Executive Vice President and Chief Operating Officer from January 2006 to April 2012 and Senior Vice President, Field Operations from December 2004 to December 2005. Mr. McCarthy serves as Director of Constellation Brands, Inc. since 2015. He served as Director at Clean Harbors Inc. Mr. McCarthy serves on the Board of Directors of the Business Council of Fairfield County, and a member of the Business Roundtable. Mr. McCarthy also serves on the Board of Directors of the Western Connecticut Health Network, and is a Trustee of Sacred Heart University in Fairfield, Connecticut, and of Foundations in Education. He studied BA in Economics and English at Dartmouth College, MBA from University of Phoenix and BE in Marine Engineering from New York Maritime College.

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

Average tenure and age of the Frontier Communications management team in years:

2
Average Tenure
54
Average Age
  • The tenure for the Frontier Communications management team is about average.
Management Team

Dan McCarthy

TITLE
President
COMPENSATION
$7M
AGE
55
TENURE
4.3 yrs

Sheldon Bruha

TITLE
CFO, Executive VP & Treasurer
COMPENSATION
$715K
AGE
51
TENURE
0.8 yrs

Ken Arndt

TITLE
Executive VP & COO
COMPENSATION
$2M
AGE
54
TENURE
1.5 yrs

Steve Gable

TITLE
Executive VP & Chief Technology Officer
COMPENSATION
$2M
AGE
45
TENURE
4.3 yrs

John Maduri

TITLE
Executive VP & Chief Customer Officer
COMPENSATION
$4M
AGE
58
TENURE
2 yrs

Don Daniels

TITLE
Senior VP & Chief Accounting Officer
AGE
51
TENURE
1.5 yrs

Luke Szymczak

TITLE
Vice President of Investor Relations
TENURE
6.3 yrs

Mark Nielsen

TITLE
Executive VP
COMPENSATION
$1M
AGE
54
TENURE
5.3 yrs

Javier Mendoza

TITLE
Vice President of Corporate Communications & External Affairs

Rob Curtis

TITLE
Senior VP & Chief Marketing Officer
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the Frontier Communications board of directors in years:

3.3
Average Tenure
60
Average Age
  • The tenure for the Frontier Communications board of directors is about average.
Board of Directors

Pam Reeve

TITLE
Chairman of the Board
COMPENSATION
$390K
AGE
69
TENURE
3.3 yrs

Dan McCarthy

TITLE
President
COMPENSATION
$7M
AGE
55
TENURE
5.2 yrs

Peter C. Bynoe

TITLE
Independent Director
COMPENSATION
$230K
AGE
69
TENURE
11.8 yrs

Ed Fraioli

TITLE
Independent Director
COMPENSATION
$240K
AGE
72
TENURE
9 yrs

Diana Ferguson

TITLE
Independent Director
COMPENSATION
$215K
AGE
55
TENURE
4.8 yrs

Rob Schriesheim

TITLE
Director
COMPENSATION
$12K
AGE
58
TENURE
0.6 yrs

Mo Meghji

TITLE
Director
AGE
54
TENURE
0.1 yrs

Paul Keglevic

TITLE
Director
AGE
65
TENURE
0.1 yrs

Kevin Beebe

TITLE
Director
AGE
60
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Frontier Communications'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. Frontier Communications 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

Simply Wall St News

Company Info

Description

Frontier Communications Corporation provides communications services to consumer, commercial, and wholesale customers in the United States. It offers broadband, video, voice, and other services and products through a combination of fiber and copper-based networks to consumer customers. The company also provides Ethernet and traditional circuit-based services; software defined wide area network, managed Wi-Fi and cloud IT solutions, voice and Unified Communications as a Service (UCaaS), and Voice over Internet Protocol (VoIP) services, as well as hardware and network solutions and services to small and medium business, and large enterprises. In addition, it offers data and Internet services; wireless broadband services; satellite TV video services; voice services, including data-based VoIP, UCaaS, and long distance and voice messaging services; and a package of communications services. Further, the company provides a range of access services that allow other carriers to use facilities to originate and terminate their local and long-distance voice traffic. It serves approximately 4.5 million customers and 3.7 million broadband subscribers in 29 states. The company was formerly known as Citizens Communications Company and changed its name to Frontier Communications Corporation in July 2008. Frontier Communications Corporation was founded in 1927 and is based in Norwalk, Connecticut.

Details
Name: Frontier Communications Corporation
YC51
Exchange: DB
Founded: 1927
$159,954,297
105,291,000
Website: http://www.frontier.com
Address: Frontier Communications Corporation
401 Merritt 7,
Norwalk,
Connecticut, 06851,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS FTR Common Stock Nasdaq Global Select US USD 20. Jul 1970
DB YC51 Common Stock Deutsche Boerse AG DE EUR 20. Jul 1970
LSE 0TP1 Common Stock London Stock Exchange GB USD 20. Jul 1970
Number of employees
Current staff
Staff numbers
20,439
Frontier Communications employees.
Industry
Integrated Telecommunication Services
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/15 21:19
End of day share price update: 2019/07/15 00:00
Last estimates confirmation: 2019/07/15
Last earnings filing: 2019/05/02
Last earnings reported: 2019/03/31
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.