ENXTAM:ATC

Stock Analysis Report

Executive Summary

Altice Europe N.V. operates as a telecom, content, media, entertainment, and advertising company primarily in France, Portugal, Israel, and the Dominican Republic.

Snowflake

Fundamentals

Good value with concerning outlook.


Similar Companies

Share Price & News

How has Altice Europe's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.4%

ATC

0.2%

NL Media

0.3%

NL Market


1 Year Return

129.0%

ATC

-8.2%

NL Media

6.5%

NL Market

Return vs Industry: ATC exceeded the Dutch Media industry which returned -8.2% over the past year.

Return vs Market: ATC exceeded the Dutch Market which returned 6.5% over the past year.


Shareholder returns

ATCIndustryMarket
7 Day0.4%0.2%0.3%
30 Day16.4%-4.0%-0.9%
90 Day64.4%-0.6%-2.7%
1 Year129.0%129.0%-3.4%-8.2%11.2%6.5%
3 Year156.2%-69.9%-5.1%-16.6%40.2%24.5%
5 Yearn/a7.4%-12.3%68.6%34.3%

Price Volatility Vs. Market

How volatile is Altice Europe's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Altice Europe undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ATC (€5.23) is trading below our estimate of fair value (€23.42)

Significantly Below Fair Value: ATC is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ATC is good value based on its PE Ratio (3.6x) compared to the Media industry average (18.3x).

PE vs Market: ATC is good value based on its PE Ratio (3.6x) compared to the Dutch market (19.5x).


Price to Earnings Growth Ratio

PEG Ratio: ATC's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: ATC has negative assets, so we can't compare its PB Ratio to the XE Media industry average.


Next Steps

Future Growth

How is Altice Europe forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

-16.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ATC's earnings are forecast to decline over the next 3 years (-16.5% per year).

Earnings vs Market: ATC's earnings are forecast to decline over the next 3 years (-16.5% per year).

High Growth Earnings: ATC's earnings are forecast to decline over the next 3 years.

Revenue vs Market: ATC's revenue (2.2% per year) is forecast to grow slower than the Dutch market (5.9% per year).

High Growth Revenue: ATC's revenue (2.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ATC's Return on Equity is forecast to be very high in 3 years time (79.4%).


Next Steps

Past Performance

How has Altice Europe performed over the past 5 years?

-6.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ATC's earnings have declined by -6% per year over the past 5 years.

Accelerating Growth: ATC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: ATC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Media industry (-1.6%).


Return on Equity

High ROE: ATC's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets

ROA vs Industry: ATC has a higher Return on Assets than the Media industry average last year.


Return on Capital Employed

ROCE Improving: ATC's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Altice Europe's financial position?


Financial Position Analysis

Short Term Liabilities: ATC has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: ATC has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: ATC has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: ATC's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

Debt Coverage: ATC's debt is not well covered by operating cash flow (15.7%).

Interest Coverage: ATC's interest payments on its debt are not well covered by EBIT (0.5x coverage).


Balance Sheet

Inventory Level: ATC has a high level of physical assets or inventory.

Debt Coverage by Assets: ATC has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


Next Steps

Dividend

What is Altice Europe's current dividend yield, its reliability and sustainability?

0.25%

Forecast Dividend Yield


Dividend Yield vs Market

companyn/amarketbottom25%2.2%markettop25%6.0%industryaverage4.7%forecastin3Years0.2%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate ATC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate ATC's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if ATC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ATC's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ATC's dividend in 3 years as they are not forecast to pay a notable one for the Dutch market.


Next Steps

Management

What is the CEO of Altice Europe's salary, the management and board of directors tenure and is there insider trading?

1.8yrs

Average management tenure


CEO

Alain Weill (58yo)

1.8yrs

Tenure

€23,177,667

Compensation

Mr. Alain Weill has been the Chief Executive Officer of Altice N.V. since 2018. Mr. Weill has been the Chairman of the Board and Chief Executive Officer of SFR Group SA (now Altice France S.A.) since Novem ...


CEO Compensation Analysis

Compensation vs. Market: Alain has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the Dutch market.

Compensation vs Earnings: Insufficient data to compare Alain's compensation with company performance.


Management Age and Tenure

1.8yrs

Average Tenure

55yo

Average Age

Experienced Management: ATC's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Age and Tenure

1.3yrs

Average Tenure

55yo

Average Age

Experienced Board: ATC's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Buy€707,07908 Feb 19
Alain Weill
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares382,205
Max Price€1.85
Buy€2,470,49007 Feb 19
Alain Weill
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares1,280,047
Max Price€1.93
Buy€1,837,98606 Feb 19
Alain Weill
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares937,748
Max Price€1.96
Buy€218,75022 Jan 19
Alain Weill
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares125,000
Max Price€1.75
Buy€1,133,15021 Jan 19
Alain Weill
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares655,000
Max Price€1.73
Buy€8,650,00118 Jan 19
Alain Weill
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares5,000,000
Max Price€1.73
Buy€5,100,00130 Nov 18
Alain Weill
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares2,500,000
Max Price€2.04

Ownership Breakdown


Management Team

  • Armando Pereira (58yo)

    Chief Operating Officer

    • Tenure: 0yrs
  • Bruno Moineville (55yo)

    Founding Partner

    • Tenure: 0yrs
  • Patrick Drahi (55yo)

    President of the Board & Director

    • Tenure: 1.3yrs
    • Compensation: €34.61m
  • Alain Weill (58yo)

    CEO & Director

    • Tenure: 1.8yrs
    • Compensation: €23.18m
  • Vincent Maulay

    Head of Investor Relations

    • Tenure: 1.1yrs
  • Damien Bernet

    Deputy Chief Executive Officer and Head of Business Development

    • Tenure: 3.2yrs
  • Arthur Dreyfuss

    Head of Communications

    • Tenure: 0yrs
  • Natacha Marty (45yo)

    Company Secretary

    • Tenure: 1.3yrs
    • Compensation: €588.78k
  • Malo Corbin (35yo)

    Chief Financial Officer

    • Tenure: 1yrs
  • Pierre Chappaz

    Member of Management Board

    • Tenure: 2.3yrs

Board Members

  • Nicolas Paulmier (55yo)

    Non-Executive Director

    • Tenure: 0.9yrs
    • Compensation: €12.53k
  • Patrick Drahi (55yo)

    President of the Board & Director

    • Tenure: 1.3yrs
    • Compensation: €34.61m
  • Eric Denoyer (55yo)

    Chairman of Numericable - SFR and Chief Executive Officer of Numericable - SFR

    • Tenure: 8.8yrs
  • Thierry Sauvaire (54yo)

    Independent Non-Executive Director

    • Tenure: 1.3yrs
    • Compensation: €41.63k
  • Alain Weill (58yo)

    CEO & Director

    • Tenure: 1.8yrs
    • Compensation: €23.18m
  • Natacha Marty (45yo)

    Company Secretary

    • Tenure: 1.3yrs
    • Compensation: €588.78k
  • Jurgen van Breukelen (49yo)

    Independent Chairman of the Board

    • Tenure: 4.2yrs
    • Compensation: €243.34k
  • Philippe Besnier (67yo)

    Non-Executive Director

    • Tenure: 0.9yrs
    • Compensation: €10.25k

Company Information

Altice Europe N.V.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Altice Europe N.V.
  • Ticker: ATC
  • Exchange: ENXTAM
  • Founded: 2001
  • Industry: Cable and Satellite
  • Sector: Media
  • Market Cap: €6.239b
  • Shares outstanding: 1.19b
  • Website: https://www.altice.net

Number of Employees


Location

  • Altice Europe N.V.
  • Prins Bernhardplein 200
  • Amsterdam
  • Noord-Holland
  • 1097 JB
  • Netherlands

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
0RANLSE (London Stock Exchange)YesClass A Common SharesGBEURAug 2015
ATCENXTAM (Euronext Amsterdam)YesClass A Common SharesNLEURAug 2015
ATCBaBATS-CHIXE (BATS 'Chi-X Europe')Class B Common SharesGBEURAug 2015
ATCaBATS-CHIXE (BATS 'Chi-X Europe')YesClass A Common SharesGBEURAug 2015
6ATDB (Deutsche Boerse AG)YesClass A Common SharesDEEURAug 2015
0RALLSE (London Stock Exchange)Class B Common SharesGBEURAug 2015
ATCBENXTAM (Euronext Amsterdam)Class B Common SharesNLEURAug 2015
ALVV.FOTCPK (Pink Sheets LLC)Class B Common SharesUSUSDAug 2015
ALLV.FOTCPK (Pink Sheets LLC)YesClass A Common SharesUSUSDAug 2015
ATCWBAG (Wiener Boerse AG)YesClass A Common SharesATEURAug 2015
6ATADB (Deutsche Boerse AG)Class B Common SharesDEEURAug 2015
ALTC.YOTCPK (Pink Sheets LLC)UNSPONSORED ADSUSUSDDec 2017

Biography

Altice Europe N.V. operates as a telecom, content, media, entertainment, and advertising company primarily in France, Portugal, Israel, and the Dominican Republic. It delivers customer-centric products and ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 21:33
End of Day Share Price2019/10/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.