Cable One
Market Cap
US$10.1b
Last Updated
2020/02/16 01:11 UTC
Data Sources
Company Financials +
Executive Summary
Cable One, Inc. owns and operates cable systems that provide data, video, and voice services.
Rewards
Risk Analysis
Snowflake Analysis
High growth potential with mediocre balance sheet.
Similar Companies
Share Price & News
How has Cable One's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CABO has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
4.3%
CABO
2.5%
US Media
1.8%
US Market
1 Year Return
90.2%
CABO
20.0%
US Media
20.1%
US Market
Return vs Industry: CABO exceeded the US Media industry which returned 20% over the past year.
Return vs Market: CABO exceeded the US Market which returned 20.1% over the past year.
Shareholder returns
| CABO | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.3% | 2.5% | 1.8% |
| 30 Day | 8.8% | -0.4% | 1.4% |
| 90 Day | 16.9% | 5.6% | 8.8% |
| 1 Year | 91.4%90.2% | 21.6%20.0% | 22.7%20.1% |
| 3 Year | 186.3%179.1% | 17.9%13.0% | 50.1%40.4% |
| 5 Year | n/a | 36.8%26.0% | 72.9%53.9% |
Price Volatility Vs. Market
How volatile is Cable One's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
What Does Cable One, Inc.'s (NYSE:CABO) P/E Ratio Tell You?2 weeks ago | Simply Wall St
These 4 Measures Indicate That Cable One (NYSE:CABO) Is Using Debt Reasonably Well1 month ago | Simply Wall St
Cable One, Inc. (NYSE:CABO) Earns A Nice Return On Capital EmployedValuation
Is Cable One undervalued compared to its fair value and its price relative to the market?
3.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CABO ($1774) is trading below our estimate of fair value ($1829.97)
Significantly Below Fair Value: CABO is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: CABO is poor value based on its PE Ratio (60.3x) compared to the Media industry average (14.1x).
PE vs Market: CABO is poor value based on its PE Ratio (60.3x) compared to the US market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: CABO is poor value based on its PEG Ratio (2.8x)
Price to Book Ratio
PB vs Industry: CABO is overvalued based on its PB Ratio (13.1x) compared to the US Media industry average (1.4x).
Next Steps
Future Growth
How is Cable One forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
21.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CABO's forecast earnings growth (21.6% per year) is above the savings rate (1.7%).
Earnings vs Market: CABO's earnings (21.6% per year) are forecast to grow faster than the US market (14.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CABO's revenue (7.8% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: CABO's revenue (7.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CABO's Return on Equity is forecast to be high in 3 years time (27.2%)
Next Steps
Past Performance
How has Cable One performed over the past 5 years?
14.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CABO has high quality earnings.
Growing Profit Margin: CABO's current net profit margins (14.9%) are lower than last year (25.2%).
Past Earnings Growth Analysis
Earnings Trend: CABO's earnings have grown by 14.1% per year over the past 5 years.
Accelerating Growth: CABO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CABO had negative earnings growth (-37.5%) over the past year, making it difficult to compare to the Media industry average (1%).
Return on Equity
High ROE: Whilst CABO's Return on Equity (21.55%) is high, this metric is skewed due to their high level of debt.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Cable One's financial position?
Financial Position Analysis
Short Term Liabilities: CABO's short term assets ($196.1M) exceed its short term liabilities ($153.2M).
Long Term Liabilities: CABO's short term assets ($196.1M) do not cover its long term liabilities ($1.7B).
Debt to Equity History and Analysis
Debt Level: CABO's debt to equity ratio (182.3%) is considered high.
Reducing Debt: CABO's debt to equity ratio has increased from 0.8% to 182.3% over the past 5 years.
Debt Coverage: CABO's debt is well covered by operating cash flow (30.8%).
Interest Coverage: CABO's interest payments on its debt are well covered by EBIT (4.7x coverage).
Balance Sheet
Inventory Level: CABO has a high level of physical assets or inventory.
Debt Coverage by Assets: CABO's debt is not covered by short term assets (assets are 0.1x debt).
Next Steps
Dividend
What is Cable One's current dividend yield, its reliability and sustainability?
0.51%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: CABO's dividend (0.51%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: CABO's dividend (0.51%) is low compared to the top 25% of dividend payers in the US market (3.68%).
Stability and Growth of Payments
Stable Dividend: CABO is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: CABO is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: CABO is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CABO's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.9yrs
Average management tenure
CEO
Julie Laulis (56yo)
3.1yrs
Tenure
US$2,700,030
Compensation
Ms. Julia M. Laulis has been Chief Executive Officer and Director of Cable One, Inc. since January 01, 2017 and has been its President since January 2015. Ms. Laulis has been the Chairman of Cable One, Inc ...
CEO Compensation Analysis
Compensation vs Market: Julie's total compensation ($USD2.70M) is below average for companies of similar size in the US market ($USD10.82M).
Compensation vs Earnings: Julie's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairwoman | 3.1yrs | US$2.70m | 0.12% $11.9m | |
| Senior VP & CFO | 1.5yrs | US$2.01m | 0.033% $3.4m | |
| Chief Operating Officer | 2.8yrs | US$1.29m | 0.033% $3.3m | |
| Senior VP | 1.8yrs | US$1.88m | 0.030% $3.0m | |
| Senior Vice President | 3.1yrs | US$981.06k | 0.023% $2.3m | |
| Senior Vice President of Technology Services | 1.8yrs | no data | 0.017% $1.7m | |
| Corporate Communications Director | 0yrs | no data | no data | |
| Vice President of Human Resources | 0yrs | no data | no data | |
| Senior Vice President of Network Architecture | 12.1yrs | US$726.37k | no data | |
| Senior Vice President of Operations | 4.1yrs | US$1.14m | 0.023% $2.3m |
2.9yrs
Average Tenure
50.5yo
Average Age
Experienced Management: CABO's management team is considered experienced (2.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairwoman | 3.1yrs | US$2.70m | 0.12% $11.9m | |
| Independent Director | 4.6yrs | US$209.88k | 0.021% $2.2m | |
| Lead Independent Director | 4.6yrs | US$263.68k | 0.12% $11.9m | |
| Director | 25.1yrs | US$172.15k | 0.18% $18.3m | |
| Independent Director | 4.6yrs | US$197.01k | 0.0040% $404.3k | |
| Independent Director | 4.6yrs | US$209.88k | 0.021% $2.2m | |
| Independent Director | 4.6yrs | US$236.80k | 0.024% $2.5m | |
| Independent Director | 4.6yrs | US$211.53k | 0.0053% $533.9k | |
| Director | 0.6yrs | no data | no data | |
| Director | 0.4yrs | no data | no data |
4.6yrs
Average Tenure
60.5yo
Average Age
Experienced Board: CABO's board of directors are considered experienced (4.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CABO insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Cable One, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Cable One, Inc.
- Ticker: CABO
- Exchange: NYSE
- Founded: 1980
- Industry: Cable and Satellite
- Sector: Media
- Market Cap: US$10.132b
- Shares outstanding: 5.71m
- Website: https://www.cableone.net
Number of Employees
Location
- Cable One, Inc.
- 210 East Earll Drive
- Phoenix
- Arizona
- 85012
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CABO | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jun 2015 |
| XC1 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jun 2015 |
Biography
Cable One, Inc. owns and operates cable systems that provide data, video, and voice services. The company offers residential data services, including WiFi ONE, a Wi-Fi solution to enhance Wi-Fi signal throughout the home. It also provides residential video services, such as local networks; local community programming that includes governmental and public access; and other channels, which comprise weather, shopping, and religious channels, as well as digital video services, including national and regional cable networks, music channels, and an interactive electronic programming guide with parental controls. In addition, the company offers premium channels; and advanced video services, such as whole-home DVRs and high-definition set-top boxes, as well as TV Everywhere product, which enables its video customers to stream various channels and shows to mobile devices and computers. Further, it provides residential voice and international calling by the minute services. Additionally, the company offers data, voice, and video products to business customers that include small to mid-markets, enterprises, and wholesale and carrier customers; and digital advertising products, including Website construction, targeted display, and short- and long-form video production. As of February 27, 2019, it served approximately 800,000 residential and business customers in 21 Western, Midwestern, and Southern United States. Cable One, Inc. was incorporated in 1980 and is headquartered in Phoenix, Arizona.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/16 01:11 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.