Loading...

Altice Europe

ENXTAM:ATC
Snowflake Description

Reasonable growth potential and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ATC
ENXTAM
€2B
Market Cap
  1. Home
  2. NL
  3. Media
Company description

Altice Europe N.V. operates as a telecom, content, media, entertainment, and advertising company in France and internationally. The last earnings update was 88 days ago. More info.


Add to Portfolio Compare Print
ATC Share Price and Events
7 Day Returns
0.9%
ENXTAM:ATC
2%
Europe Media
2.4%
NL Market
1 Year Returns
-77.9%
ENXTAM:ATC
-6.7%
Europe Media
1.2%
NL Market
ATC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Altice Europe (ATC) 0.9% 4% -12.7% -77.9% -85.4% -
Europe Media 2% 4% -0.4% -6.7% -10.3% -12.3%
NL Market 2.4% 6.8% 2.7% 1.2% 30.7% 25%
1 Year Return vs Industry and Market
  • ATC underperformed the Media industry which returned -6.7% over the past year.
  • ATC underperformed the Market in Netherlands which returned 1.2% over the past year.
Price Volatility
ATC
Industry
5yr Volatility vs Market
Related Companies

ATC Value

 Is Altice Europe 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 Altice Europe 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 Altice Europe.

ENXTAM:ATC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 17 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 19.6%
Perpetual Growth Rate 10-Year NL Government Bond Rate 0.4%

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 ENXTAM:ATC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year NL Govt Bond Rate 0.4%
Equity Risk Premium S&P Global 9.6%
Media Unlevered Beta Simply Wall St/ S&P Global 0.57
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.565 (1 + (1- 25%) (1669.11%))
7.638
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)
= 0.37% + (2 * 9.63%)
19.63%

Discounted Cash Flow Calculation for ENXTAM:ATC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Altice Europe 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.

ENXTAM:ATC DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (EUR, Millions) 956.86 2,238.50 2,443.00 2,684.50 3,384.00
Source Analyst x5 Analyst x2 Analyst x2 Analyst x2 Analyst x1
Present Value
Discounted (@ 19.63%)
799.85 1,564.14 1,426.93 1,310.70 1,381.11
Present value of next 5 years cash flows €6,482.74
ENXTAM:ATC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= €3,384.00 × (1 + 0.37%) ÷ (19.63% – 0.37%)
€17,635.10
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= €17,635.10 ÷ (1 + 19.63%)5
€7,197.43
ENXTAM:ATC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= €6,482.74 + €7,197.43
€13,680.17
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €13,680.17 / 1,229.99
€11.12
ENXTAM:ATC Discount to Share Price
Calculation Result
Value per share (EUR) From above. €11.12
Current discount Discount to share price of €1.81
= -1 x (€1.81 - €11.12) / €11.12
83.8%

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

Current Discount
Amount off the current price Altice Europe is available for.
Intrinsic value
>50%
Share price is €1.81 vs Future cash flow value of €11.12
Current Discount Checks
For Altice Europe to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Altice Europe's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Altice Europe'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 Altice Europe's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Altice Europe's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTAM:ATC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in EUR €-0.12
ENXTAM:ATC Share Price ** ENXTAM (2019-02-15) in EUR €1.81
Europe Media Industry PE Ratio Median Figure of 114 Publicly-Listed Media Companies 15.47x
Netherlands Market PE Ratio Median Figure of 81 Publicly-Listed Companies 16.25x

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

** Primary Listing of Altice Europe.

ENXTAM:ATC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTAM:ATC Share Price ÷ EPS (both in EUR)

= 1.81 ÷ -0.12

-14.93x

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

  • Altice Europe is loss making, we can't compare its value to the Europe Media industry average.
  • Altice Europe is loss making, we can't compare the value of its earnings to the Netherlands market.
Price based on expected Growth
Does Altice Europe's expected growth come at a high price?
Raw Data
ENXTAM:ATC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -14.93x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts
86.7%per year
Europe Media Industry PEG Ratio Median Figure of 64 Publicly-Listed Media Companies 1.26x
Netherlands Market PEG Ratio Median Figure of 62 Publicly-Listed Companies 1.52x

*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 Altice Europe, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Altice Europe's assets?
Raw Data
ENXTAM:ATC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in EUR €-3.66
ENXTAM:ATC Share Price * ENXTAM (2019-02-15) in EUR €1.81
Europe Media Industry PB Ratio Median Figure of 166 Publicly-Listed Media Companies 1.41x
Netherlands Market PB Ratio Median Figure of 102 Publicly-Listed Companies 1.77x
ENXTAM:ATC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTAM:ATC Share Price ÷ Book Value per Share (both in EUR)

= 1.81 ÷ -3.66

-0.49x

* Primary Listing of Altice Europe.

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

  • Altice Europe has negative assets, we can't compare the value of its assets to the Europe Media industry average.
X
Value checks
We assess Altice Europe'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 Media 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 Media industry average (and greater than 0)? (1 check)
  5. Altice Europe 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.

ATC Future Performance

 How is Altice Europe expected to perform in the next 1 to 3 years based on estimates from 17 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
86.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Altice Europe expected to grow at an attractive rate?
  • Altice Europe's earnings growth is expected to exceed the low risk savings rate of 0.4%.
Growth vs Market Checks
  • Altice Europe's earnings growth is expected to exceed the Netherlands market average.
  • Altice Europe's revenue growth is positive but not above the Netherlands market average.
Annual Growth Rates Comparison
Raw Data
ENXTAM:ATC Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTAM:ATC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts 86.7%
ENXTAM:ATC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 17 Analysts 0.5%
Europe Media Industry Earnings Growth Rate Market Cap Weighted Average 11.4%
Europe Media Industry Revenue Growth Rate Market Cap Weighted Average 3.6%
Netherlands Market Earnings Growth Rate Market Cap Weighted Average 7.3%
Netherlands Market Revenue Growth Rate Market Cap Weighted Average 3.3%

*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
ENXTAM:ATC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTAM:ATC Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 14,779 2
2022-12-31 15,046 1,078 5
2021-12-31 14,731 4,848 363 6
2020-12-31 14,202 3,741 -3 14
2019-12-31 14,063 3,346 -364 17
2018-12-31 14,081 2,452 -708 17
ENXTAM:ATC Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-09-30 22,792 7,406 -144
2018-06-30 23,091 7,418 -422
2018-03-31 23,365 7,944 -901
2017-12-31 23,500 8,065 -546
2017-09-30 17,424 6,002 -1,689
2017-06-30 19,532 6,731 -1,613
2017-03-31 20,230 6,728 -1,365
2016-12-31 20,756 7,003 -1,558
2016-09-30 18,575 5,750 -1,475
2016-06-30 16,552 5,133 -1,313
2016-03-31 15,547 4,539 -1,256
2015-12-31 14,550 4,648 -401

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Altice Europe's earnings are expected to grow significantly at over 20% yearly.
  • Altice Europe's revenue is expected to grow by 0.5% 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
ENXTAM:ATC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below

All data from Altice Europe Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTAM:ATC Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.80 0.80 0.80 1.00
2022-12-31 0.61 0.61 0.61 1.00
2021-12-31 0.31 0.45 0.16 2.00
2020-12-31 -0.01 0.16 -0.48 6.00
2019-12-31 -0.33 -0.05 -0.65 8.00
2018-12-31 -0.65 -0.29 -1.35 10.00
ENXTAM:ATC Past Financials Data
Date (Data in EUR Millions) EPS *
2018-09-30 -0.12
2018-06-30 -0.35
2018-03-31 -0.76
2017-12-31 -0.46
2017-09-30 -1.46
2017-06-30 -1.43
2017-03-31 -1.23
2016-12-31 -1.42
2016-09-30 -1.36
2016-06-30 -1.24
2016-03-31 -1.21
2015-12-31 -0.40

*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.
  • Altice Europe is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Altice Europe'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 Europe 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.
Altice Europe has a total score of 4/6, 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.

ATC Past Performance

  How has Altice Europe 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 Altice Europe's growth in the last year to its industry (Media).
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.
  • Altice Europe does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Altice Europe's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Altice Europe's 1-year growth to the Europe Media industry average as it is not currently profitable.
Earnings and Revenue History
Altice Europe'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 Altice Europe Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTAM:ATC Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 22,792.00 -144.10 2,634.30
2018-06-30 23,090.90 -421.70 2,642.40
2018-03-31 23,364.50 -901.30 2,662.20
2017-12-31 23,499.80 -546.00 2,709.70
2017-09-30 17,423.60 -1,688.90 1,990.40
2017-06-30 19,531.60 -1,612.70 2,244.70
2017-03-31 20,230.40 -1,365.40 2,292.80
2016-12-31 20,755.70 -1,557.60 2,287.30
2016-09-30 18,575.40 -1,475.20 1,895.60
2016-06-30 16,551.50 -1,313.00 1,540.40
2016-03-31 15,546.90 -1,256.20 1,387.90
2015-12-31 14,550.30 -400.70 1,242.10
2015-09-30 12,336.00 -136.20 1,019.20
2015-06-30 9,299.10 -215.50 773.10
2015-03-31 6,619.20 7.00 505.60
2014-12-31 3,934.50 -429.60 344.80
2014-09-30 2,605.80 -26.70 231.00
2014-06-30 2,129.30 125.60 231.80
2014-03-31 1,581.10 209.00 267.80
2013-12-31 1,286.80 71.80 215.40
2013-09-30 1,207.80 -131.20 280.80
2012-12-31 1,092.40 -139.30 230.70

*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 Altice Europe has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • Altice Europe used its assets more efficiently than the Europe Media industry average last year based on Return on Assets.
  • It is difficult to establish if Altice Europe 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 Altice Europe'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 Media 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.
Altice Europe 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.

ATC Health

 How is Altice Europe'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 Altice Europe's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Altice Europe's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Altice Europe's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Altice Europe'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.
  • Altice Europe has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 Altice Europe Company Filings, last reported 4 months ago.

ENXTAM:ATC Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 -4,399.80 37,075.30 761.80
2018-06-30 -4,074.10 37,912.20 1,616.80
2018-03-31 -711.40 37,297.50 975.70
2017-12-31 -581.00 56,209.40 1,332.40
2017-09-30 -1,815.50 57,233.90 1,669.10
2017-06-30 -280.50 57,379.10 1,282.00
2017-03-31 -2,624.90 62,046.70 1,607.40
2016-12-31 -2,339.60 62,140.50 1,867.70
2016-09-30 -40.30 59,105.10 1,868.00
2016-06-30 668.00 58,185.70 1,952.90
2016-03-31 1,365.40 48,902.40 2,649.60
2015-12-31 1,869.80 49,117.80 2,527.00
2015-09-30 1,881.40 33,070.00 948.70
2015-06-30 1,809.40 33,177.00 717.20
2015-03-31 2,258.60 32,698.80 1,341.80
2014-12-31 5,224.10 22,630.90 1,699.00
2014-09-30 848.80 21,678.40 540.70
2014-06-30 1,649.00 20,444.00 1,133.70
2014-03-31 1,176.70 6,895.70 347.20
2013-12-31 95.30 4,188.90 61.60
2013-09-30 -87.00 2,827.70 61.90
2012-12-31 278.00 2,004.20 129.80
  • Altice Europe has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Altice Europe's debt level has increased considering it has negative shareholder equity.
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 Altice Europe has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Altice Europe has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -19.9% per year.
X
Financial health checks
We assess Altice Europe'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. Altice Europe 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.

ATC Dividends

 What is Altice Europe'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 Altice Europe dividends. Estimated to be 1.38% next year.
If you bought €2,000 of Altice Europe 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 Altice Europe's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Altice Europe'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
ENXTAM:ATC 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 17 Analyst Estimates (S&P Global) See Below
Europe Media Industry Average Dividend Yield Market Cap Weighted Average of 88 Stocks 3.9%
Netherlands Market Average Dividend Yield Market Cap Weighted Average of 67 Stocks 4%
Netherlands Minimum Threshold Dividend Yield 10th Percentile 1.5%
Netherlands Bottom 25% Dividend Yield 25th Percentile 2.4%
Netherlands Top 25% Dividend Yield 75th Percentile 6.1%

Industry and Market average data is calculated daily.

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

ENXTAM:ATC Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.00 1.00
2022-12-31 0.00 1.00
2021-12-31 0.00 1.00
2020-12-31 0.00 6.00
2019-12-31 0.05 9.00
2018-12-31 0.00 10.00

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

  • Unable to perform a dividend volatility check as Altice Europe has not reported any payouts.
  • Unable to verify if Altice Europe's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Altice Europe's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Altice Europe has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Altice Europe's dividends in 3 years as they are not expected to pay a notable one for Netherlands.
X
Income/ dividend checks
We assess Altice Europe's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - 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 Altice Europe afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Altice Europe 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.

ATC Management

 What is the CEO of Altice Europe'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
Alain Weill
AGE 57
TENURE AS CEO 1.1 years
CEO Bio

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 November 9, 2017. Mr. Weill has been the Chief Executive Officer of SFR SA since November 9, 2017. Mr. Weill has been the Chief Executive Officer of SFR Media at Numericable-SFR since May 10, 2016. He has been the Chief Operating Officer of Altice Media at Altice N.V. since November 2017. Mr. Weill has been Chairman and Chief Executive Officer of NextRadioTV SA since October 6, 2005. Mr. Weill served as the Chief Executive Officer of Altice Media at Altice N.V. He served as General Manager of Quarare (Sodexho Group). In 1990, he became the attaché to the general management of Compagnie Luxembourgeoise de Télédiffusion (CLT), then Chairman and Chief Executive Officer of the network, a subsidiary of CLT and the Spanish group SER. Since 1992, he served as Chief Executive Officer of NRJ Group. In 2000, he acquired RMC radio and created the NextRadio group. He was appointed to the general management of NRJ Régies in 1995, where he was Vice Chairman of the management board since 1997. In 2002, he purchased BFM and turned it into a radio station dedicated to economics. In 2005, he launched BFM TV, which became the first news TV channel in France. Mr. Weill has been Chairman of the Syndicat indépendant des régies de radios privés (SIRRP) union since 1998. He served as Deputy Chairman of RMC and Chairman of Business FM, BFMTV, RMC Sport, Groupe Tests Holding, NextInteractiveMedia, 01 Régie, Pôle électro, BFM Business TV, CBFM, RMC BFM Production, Next Developpement 2, Next Developpement 3, RMC Découverte, News Participations , WMC. Mr. Weill began his career in 1985 as Director of the radio network NRJ. In 2005, he launched BFM TV, which became the 1st news TV channel in France. He serves as a Director of Médiamétrie SA. He has been a Director of NextRadioTV SA since September 20, 2005. From 1985 to 1989, he served as Director of the NRJ SA network. He served as an Independent Director of Iliad SA from December 12, 2003 to July 31, 2015. Mr. Weill is also a graduate from the "Institut Supérieur des Affaires". He holds a Bachelor’s degree in Economics and an MBA from HEC Business School.

CEO Compensation
  • Insufficient data for Alain to compare compensation growth.
  • Insufficient data for Alain to establish whether their remuneration is reasonable compared to companies of similar size in Netherlands.
Management Team Tenure

Average tenure and age of the Altice Europe management team in years:

0.4
Average Tenure
50.5
Average Age
  • The average tenure for the Altice Europe management team is less than 2 years, this suggests a new team.
Management Team

Dennis Okhuijsen

TITLE
Advisor & Executive Director
COMPENSATION
€2M
AGE
47
TENURE
0.3 yrs

Jérémie Bonnin

TITLE
COMPENSATION
€150K
AGE
43
TENURE
0.3 yrs

Alain Weill

TITLE
CEO, Chief Operating Officer of Altice Media & Director
AGE
57
TENURE
1.1 yrs

Patrick Drahi

TITLE
President of the board & Director
COMPENSATION
€7M
AGE
54

Bruno Moineville

TITLE
Founding Partner
AGE
54

Malo Corbin

TITLE
Chief Financial Officer
AGE
34
TENURE
0.3 yrs

Armando Pereira

TITLE
Chief Operating Officer
AGE
57

Pierre Chappaz

TITLE
Member of Management Board
TENURE
1.7 yrs

Vincent Maulay

TITLE
Head of Investor Relations
TENURE
0.4 yrs

Natacha Marty

TITLE
Company Secretary
AGE
44
Board of Directors Tenure

Average tenure and age of the Altice Europe board of directors in years:

0.6
Average Tenure
53
Average Age
  • The average tenure for the Altice Europe board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jurgen van Breukelen

TITLE
Chairman of the Board
COMPENSATION
€175K
AGE
48
TENURE
3.5 yrs

Nicolas Paulmier

TITLE
Non-Executive Director
AGE
54
TENURE
0.3 yrs

Dennis Okhuijsen

TITLE
Advisor & Executive Director
COMPENSATION
€2M
AGE
47
TENURE
5.1 yrs

Alain Weill

TITLE
CEO, Chief Operating Officer of Altice Media & Director
AGE
57
TENURE
0.6 yrs

Natacha Marty

TITLE
Company Secretary
AGE
44
TENURE
0.6 yrs

Eric Denoyer

TITLE
Chairman of Numericable - SFR and Chief Executive Officer of Numericable - SFR
AGE
54
TENURE
8.1 yrs

Thierry Sauvaire

TITLE
Independent Non-Executive Director
AGE
53
TENURE
0.6 yrs

Philippe Besnier

TITLE
Non-Executive Director
TENURE
0.3 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 (€)
X
Management checks
We assess Altice Europe'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. Altice Europe 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.

ATC News

Simply Wall St News

Analysts Expect Breakeven For Altice Europe N.V. (AMS:ATC)

Altice Europe N.V.'s (AMS:ATC):. … The €2.2b market-cap posted a loss in its most recent financial year of -€546.0m and a latest trailing-twelve-month loss of -€144.1m shrinking the gap between loss and breakeven. … As path to profitability is the topic on ATC’s investors mind, I’ve decided to gauge market sentiment.

Simply Wall St -

How Much Of Altice Europe NV (AMS:ATC) Do Institutions Own?

The big shareholder groups in Altice Europe NV (AMS:ATC) have power over the company. … Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … Check out our latest analysis for Altice Europe

Simply Wall St -

Breaking Down Altice Europe NV's (AMS:ATC) Ownership Structure

In this article, I will take a quick look at Altice Europe NV’s (AMS:ATC) recent ownership structure – an unconventional investing subject, but an important one. … Ownership structure of a company has been found to affect share performance over time. … It also impacts the trading environment of company shares, which is more of a concern for short-term investors.

Simply Wall St -

Altice Europe NV (ENXTAM:ATC) Is Expected To Breakeven

The €4.16b market-cap posted a loss in its most recent financial year of -€546.00m and a latest trailing-twelve-month loss of -€901.30m leading to an even wider gap between loss and breakeven. … I’ve put together a brief outline of industry analyst expectations for ATC, its year of breakeven and its implied growth rate … Expectation from Media analysts is ATC is on the verge of breakeven.

Simply Wall St -

Why You Need To Look At This Factor Before Buying Altice NV. (AMS:ATC)

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … Based on this beta value, ATC appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market. … Therefore, this is a type of risk which is associated with higher beta.

Simply Wall St -

Who Are The Major Shareholders In Altice NV. (AMS:ATC)?

This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … Thus, investors not need worry too much about the consequences of these holdings.Next Steps: The company's high institutional ownership makes margin of safety a very important consideration to existing investors since long bull and bear trends often emerge when these big-ticket investors see a change in long-term potential of the company.

Simply Wall St -

Estimating The Fair Value Of Altice NV. (AMS:ATC)

5-year cash flow forecast 2018 2019 2020 2021 2022 Levered FCF (€, Millions) €1,172.28 €1,932.10 €2,494.75 €3,346.00 €3,550.00 Source Analyst x5 Analyst x6 Analyst x4 Analyst x1 Analyst x1 Present Value Discounted @ 19.29% €982.71 €1,357.75 €1,469.65 €1,652.38 €1,469.63 Present Value of 5-year Cash Flow (PVCF)= €6,932 We now need to calculate the Terminal Value, which accounts for all the future cash flows after the five years. … Terminal Value (TV) = FCF2022 × (1 + g) ÷ (r – g) = €3,550 × (1 + 0.7%) ÷ (19.3% – 0.7%) = €19,242 Present Value of Terminal Value (PVTV) = TV / (1 + r)5 = €19,242 / ( 1 + 19.3%)5 = €7,966 The total value, or equity value, is then the sum of the present value of the cash flows, which in this case is €14,898. … ENXTAM:ATC Intrinsic Value Apr 26th 18 Important assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows.

Simply Wall St -

Should You Care About Altice NV.’s (AMS:ATC) Cash Levels?

There are two methods I will use to evaluate the quality of Altice’s FCF: firstly, I will measure its FCF yield relative to the market index yield; secondly, I will examine whether its operating cash flow will continue to grow into the future, which will give us a sense of sustainability. … Free Cash Flow = Operating Cash Flows – Net Capital Expenditure Free Cash Flow Yield = Free Cash Flow / Enterprise Value where Enterprise Value = Market Capitalisation + Net Debt Altice’s yield of 3.34% indicates its sub-standard capacity to generate cash, compared to the stock market index as a whole, accounting for the size differential. … Current +1 year +2 year +3 year Operating Cash Flow (OCF) €7.92B €5.50B €6.46B €7.07B OCF Growth Year-On-Year -30.55% 17.48% 9.42% OCF Growth From Current Year -18.41% -10.72% Next Steps: Low free cash flow yield means you are not currently well-compensated for the risk you’re taking on by holding onto Altice relative to a well-diversified market index.

Simply Wall St -

Does Altice NV.'s (AMS:ATC) -53.52% Earnings Drop Reflect A Longer Term Trend?

Below, I will assess ATC's recent performance announced on 30 September 2017 and compare these figures to its historical trend and industry movements. … To account for any quarterly or half-yearly updates, I use the ‘latest twelve-month’ data, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. … Each year, for the past half a decade Altice's top-line has risen by 49.48% on average, signalling that the company is in a high-growth period with expenses racing ahead revenues, leading to annual losses.

Simply Wall St -

Altice NV. (AMS:ATC) Is Expected To Breakeven

I’ve put together a brief outline of industry analyst expectations for ATC, its year of breakeven and its implied growth rate. … ENXTAM:ATC Past Future Earnings Mar 19th 18 Underlying developments driving ATC’s growth isn’t the focus of this broad overview, however, take into account that by and large a high growth rate is not out of the ordinary, particularly when a company is in a period of investment. … Next Steps: There are too many aspects of ATC to cover in one brief article, but the key fundamentals for the company can all be found in one place – ATC’s company page on Simply Wall St.

Simply Wall St -

ATC Company Info

Map
Description

Altice Europe N.V. operates as a telecom, content, media, entertainment, and advertising company in France and internationally. It delivers customer-centric products and solutions that connect and unlock of its approximately 30 million customers over fiber networks and mobile broadband. The company also provides enterprise digital solutions to various business customers. Altice Europe N.V. enables people to live out their passions by providing original content and TV shows, as well as international, national, and local news channels. It delivers live broadcast premium sports events and enables its customers to enjoy media and entertainment. Altice Europe N.V. has a strategic partnership with NextRadioTV for the development of multimedia projects. The company was formerly known as Altice NV and changed its name to Altice Europe N.V. in June 2018. Altice Europe N.V. was founded in 2002 and is headquartered in Amsterdam, the Netherlands.

Details
Name: Altice Europe N.V.
ATC
Exchange: ENXTAM
Founded: 2002
€2,221,263,807
1,229,986,437
Website: http://www.altice.net
Address: Altice Europe N.V.
Prins Bernhardplein 200,
Amsterdam,
Noord-Holland, 1097 JB,
Netherlands
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTAM ATC Class A Common Shares Euronext Amsterdam NL EUR 10. Aug 2015
OTCPK ALLV.F Class A Common Shares Pink Sheets LLC US USD 10. Aug 2015
DB 6AT Class A Common Shares Deutsche Boerse AG DE EUR 10. Aug 2015
LSE 0RAN Class A Common Shares London Stock Exchange GB EUR 10. Aug 2015
WBAG ATC Class A Common Shares Wiener Boerse AG AT EUR 10. Aug 2015
ENXTAM ATCB Class B Common Shares Euronext Amsterdam NL EUR 10. Aug 2015
OTCPK ALTC.Y UNSPONSORED ADS Pink Sheets LLC US USD 13. Dec 2017
OTCPK ALVV.F Class B Common Shares Pink Sheets LLC US USD 10. Aug 2015
DB 6ATA Class B Common Shares Deutsche Boerse AG DE EUR 10. Aug 2015
BST 6ATA Class B Common Shares Boerse-Stuttgart DE EUR 10. Aug 2015
LSE 0RAL Class B Common Shares London Stock Exchange GB EUR 10. Aug 2015
Number of employees
Current staff
Staff numbers
47,173
Altice Europe employees.
Industry
Cable and Satellite
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/17 23:16
End of day share price update: 2019/02/15 00:00
Last estimates confirmation: 2019/02/15
Last earnings filing: 2018/11/21
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.