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Comtech Telecommunications

Nasdaq:CMTL
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CMTL
Nasdaq
$541M
Market Cap
  1. Home
  2. US
  3. Tech
Company description

Comtech Telecommunications Corp. designs, develops, produces, and markets products, systems, and services for communications solutions. The last earnings update was 12 days ago. More info.


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CMTL Share Price and Events
7 Day Returns
-0.2%
NasdaqGS:CMTL
3.5%
US Communications
2.4%
US Market
1 Year Returns
-25.9%
NasdaqGS:CMTL
11.9%
US Communications
1.9%
US Market
CMTL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Comtech Telecommunications (CMTL) -0.2% -17.6% -13.6% -25.9% -8.5% -29.4%
US Communications 3.5% 5.6% 19% 11.9% 76.3% 88.1%
US Market 2.4% 1.7% 11.9% 1.9% 38.2% 42.4%
1 Year Return vs Industry and Market
  • CMTL underperformed the Communications industry which returned 11.9% over the past year.
  • CMTL underperformed the Market in United States of America which returned 1.9% over the past year.
Price Volatility
CMTL
Industry
5yr Volatility vs Market

Value

 Is Comtech Telecommunications 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 Comtech Telecommunications 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    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Comtech Telecommunications.

NasdaqGS:CMTL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 NasdaqGS:CMTL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Communications Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.084 (1 + (1- 21%) (32.6%))
1.243
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.24
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.243 * 5.96%)
10.14%

Discounted Cash Flow Calculation for NasdaqGS:CMTL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Comtech Telecommunications 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.

NasdaqGS:CMTL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.14%)
2019 39.20 Analyst x2 35.59
2020 32.92 Analyst x2 27.13
2021 30.75 Est @ -6.57% 23.02
2022 29.59 Est @ -3.78% 20.11
2023 29.05 Est @ -1.83% 17.92
2024 28.91 Est @ -0.46% 16.20
2025 29.06 Est @ 0.5% 14.78
2026 29.40 Est @ 1.17% 13.57
2027 29.88 Est @ 1.64% 12.53
2028 30.46 Est @ 1.96% 11.60
Present value of next 10 years cash flows $192.43
NasdaqGS:CMTL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $30.46 × (1 + 2.73%) ÷ (10.14% – 2.73%)
$422.30
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $422.30 ÷ (1 + 10.14%)10
$160.75
NasdaqGS:CMTL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $192.43 + $160.75
$353.18
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $353.18 / 24.13
$14.64
NasdaqGS:CMTL Discount to Share Price
Calculation Result
Value per share (USD) From above. $14.64
Current discount Discount to share price of $22.41
= -1 x ($22.41 - $14.64) / $14.64
-53.1%

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

  • The current share price of Comtech Telecommunications is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Comtech Telecommunications's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Comtech Telecommunications's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:CMTL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-01-31) in USD $1.13
NasdaqGS:CMTL Share Price ** NasdaqGS (2019-03-18) in USD $22.41
United States of America Communications Industry PE Ratio Median Figure of 33 Publicly-Listed Communications Companies 30.4x
United States of America Market PE Ratio Median Figure of 3,055 Publicly-Listed Companies 17.61x

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

** Primary Listing of Comtech Telecommunications.

NasdaqGS:CMTL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 22.41 ÷ 1.13

19.89x

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

  • Comtech Telecommunications is good value based on earnings compared to the US Communications industry average.
  • Comtech Telecommunications is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Comtech Telecommunications's expected growth come at a high price?
Raw Data
NasdaqGS:CMTL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.89x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
15.4%per year
United States of America Communications Industry PEG Ratio Median Figure of 21 Publicly-Listed Communications Companies 1.35x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

NasdaqGS:CMTL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.89x ÷ 15.4%

1.29x

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

  • Comtech Telecommunications is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Comtech Telecommunications's assets?
Raw Data
NasdaqGS:CMTL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-01-31) in USD $21.44
NasdaqGS:CMTL Share Price * NasdaqGS (2019-03-18) in USD $22.41
United States of America Communications Industry PB Ratio Median Figure of 67 Publicly-Listed Communications Companies 1.84x
United States of America Market PB Ratio Median Figure of 5,152 Publicly-Listed Companies 1.87x
NasdaqGS:CMTL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 22.41 ÷ 21.44

1.05x

* Primary Listing of Comtech Telecommunications.

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

  • Comtech Telecommunications is good value based on assets compared to the US Communications industry average.
X
Value checks
We assess Comtech Telecommunications's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Communications industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Communications industry average (and greater than 0)? (1 check)
  5. Comtech Telecommunications 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.

Future Performance

 How is Comtech Telecommunications expected to perform in the next 1 to 3 years based on estimates from 5 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
15.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Comtech Telecommunications expected to grow at an attractive rate?
  • Comtech Telecommunications's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Comtech Telecommunications's earnings growth is expected to exceed the United States of America market average.
  • Comtech Telecommunications's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:CMTL Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:CMTL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 15.4%
NasdaqGS:CMTL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 3.2%
United States of America Communications Industry Earnings Growth Rate Market Cap Weighted Average 15.2%
United States of America Communications Industry Revenue Growth Rate Market Cap Weighted Average 4.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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
NasdaqGS:CMTL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:CMTL Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-07-31
2020-07-31 675 44 30 5
2019-07-31 655 49 23 4
NasdaqGS:CMTL Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-01-31 640 54 27
2018-10-31 610 30 35
2018-07-31 571 50 30
2018-04-30 551 53 30
2018-01-31 531 50 26
2017-10-31 536 66 17
2017-07-31 550 67 16
2017-04-30 555 47 11
2017-01-31 551 17 -8
2016-10-31 483 18 -12
2016-07-31 411 15 -8
2016-04-30 336 26 -5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Comtech Telecommunications's earnings are expected to grow by 15.4% yearly, however this is not considered high growth (20% yearly).
  • Comtech Telecommunications's revenue is expected to grow by 3.2% 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
NasdaqGS:CMTL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Comtech Telecommunications Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:CMTL Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-07-31 1.31 1.31 1.31 1.00
2020-07-31 1.18 1.36 1.08 5.00
2019-07-31 0.95 0.98 0.93 4.00
NasdaqGS:CMTL Past Financials Data
Date (Data in USD Millions) EPS *
2019-01-31 1.13
2018-10-31 1.46
2018-07-31 1.25
2018-04-30 1.25
2018-01-31 1.09
2017-10-31 0.71
2017-07-31 0.68
2017-04-30 0.50
2017-01-31 -0.37
2016-10-31 -0.62
2016-07-31 -0.46
2016-04-30 -0.31

*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 Comtech Telecommunications will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Comtech Telecommunications'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Comtech Telecommunications has a total score of 2/6, 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 Comtech Telecommunications 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 Comtech Telecommunications's growth in the last year to its industry (Communications).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Comtech Telecommunications's year on year earnings growth rate has been positive over the past 5 years.
  • Comtech Telecommunications's 1-year earnings growth exceeds its 5-year average (4.4% vs 2.6%)
  • Comtech Telecommunications's earnings growth has not exceeded the US Communications industry average in the past year (4.4% vs 19.6%).
Earnings and Revenue History
Comtech Telecommunications'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 Comtech Telecommunications Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:CMTL Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-01-31 640.27 26.96 120.69 53.88
2018-10-31 609.86 34.90 115.92 53.33
2018-07-31 570.59 29.77 113.92 53.87
2018-04-30 550.92 29.63 112.58 53.85
2018-01-31 530.85 25.83 108.10 54.04
2017-10-31 536.15 16.66 111.87 53.91
2017-07-31 550.37 15.83 116.08 54.26
2017-04-30 554.98 11.22 123.71 54.35
2017-01-31 551.38 -7.56 128.23 54.00
2016-10-31 482.67 -11.67 112.29 48.35
2016-07-31 411.00 -7.74 94.93 42.19
2016-04-30 336.09 -4.97 76.94 35.87
2016-01-31 283.54 14.35 61.51 31.83
2015-10-31 295.02 19.46 62.48 33.84
2015-07-31 307.29 23.25 62.68 35.92
2015-04-30 319.20 25.76 64.08 36.71
2015-01-31 336.48 26.67 66.39 37.03
2014-10-31 340.17 25.07 66.48 35.63
2014-07-31 347.15 25.15 67.15 34.11
2014-04-30 342.18 22.32 65.06 34.01
2014-01-31 323.13 19.30 63.68 34.19
2013-10-31 312.21 15.68 64.15 35.20
2013-07-31 319.80 17.81 66.07 36.75
2013-04-30 348.16 20.58 73.01 38.29
2013-01-31 378.10 23.79 77.91 38.69
2012-10-31 402.66 27.25 80.97 38.85
2012-07-31 425.07 32.42 86.75 38.49
2012-04-30 452.62 36.38 88.99 40.58

*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.
  • Comtech Telecommunications has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Comtech Telecommunications used its assets less efficiently than the US Communications industry average last year based on Return on Assets.
  • Comtech Telecommunications has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Comtech Telecommunications's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Communications industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Comtech Telecommunications has a total score of 3/6, 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 Comtech Telecommunications'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 Comtech Telecommunications's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Comtech Telecommunications is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Comtech Telecommunications's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Comtech Telecommunications'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.6x 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 Comtech Telecommunications Company Filings, last reported 1 month ago.

NasdaqGS:CMTL Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-01-31 512.88 176.27 46.00
2018-10-31 506.10 195.57 42.94
2018-07-31 505.68 167.90 43.48
2018-04-30 497.78 182.60 44.17
2018-01-31 490.62 194.18 40.47
2017-10-31 476.02 194.69 42.51
2017-07-31 480.15 195.80 41.84
2017-04-30 469.66 230.77 58.82
2017-01-31 466.46 248.88 63.14
2016-10-31 461.29 256.80 62.71
2016-07-31 470.40 258.65 66.81
2016-04-30 379.80 351.20 69.11
2016-01-31 397.87 0.00 163.47
2015-10-31 399.11 0.00 150.73
2015-07-31 401.41 0.00 150.95
2015-04-30 400.00 0.00 142.04
2015-01-31 402.34 0.00 135.14
2014-10-31 398.63 0.00 144.54
2014-07-31 396.93 0.00 154.50
2014-04-30 362.65 191.50 295.03
2014-01-31 379.95 200.00 317.99
2013-10-31 400.67 200.00 346.55
2013-07-31 404.06 200.00 356.64
2013-04-30 404.23 200.00 342.20
2013-01-31 418.68 200.00 352.93
2012-10-31 430.48 200.00 374.51
2012-07-31 429.40 200.00 367.89
2012-04-30 454.31 200.00 367.65
  • Comtech Telecommunications's level of debt (34.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (52.6% vs 34.4% today).
  • Debt is well covered by operating cash flow (30.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.8x coverage).
X
Financial health checks
We assess Comtech Telecommunications'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. Comtech Telecommunications has a total score of 6/6, 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 Comtech Telecommunications'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
1.78%
Current annual income from Comtech Telecommunications dividends. Estimated to be 1.78% next year.
If you bought $2,000 of Comtech Telecommunications shares you are expected to receive $36 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?
  • Comtech Telecommunications's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Comtech Telecommunications's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).
Upcoming dividend payment

Purchase Comtech Telecommunications on or before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
NasdaqGS:CMTL 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 5 Analyst Estimates (S&P Global) See Below
United States of America Communications Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 2.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

NasdaqGS:CMTL Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-07-31 0.40 1.00
2020-07-31 0.40 1.00
2019-07-31 0.40 1.00
NasdaqGS:CMTL Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-06 0.400 1.719
2018-12-06 0.400 1.570
2018-09-26 0.400 1.379
2018-06-06 0.400 1.186
2018-03-07 0.400 1.311
2017-09-27 0.400 1.859
2017-06-07 0.400 2.101
2017-03-08 0.400 2.815
2016-12-07 0.400 3.527
2016-10-06 1.200 11.026
2016-06-08 1.200 8.980
2015-12-09 1.200 5.649
2015-06-04 1.200 4.642
2015-03-11 1.200 4.013
2014-12-10 1.200 3.605
2014-10-09 1.200 3.176
2014-06-05 1.200 3.263
2014-03-06 1.200 3.779
2013-12-09 1.200 3.806
2013-10-03 1.100 3.727
2013-06-06 1.100 4.236
2013-03-07 1.100 4.406
2012-12-06 1.100 4.190
2012-09-26 1.100 4.255
2012-06-07 1.100 3.887
2012-03-08 1.100 3.523
2011-12-08 1.100 3.585
2011-09-27 1.100 3.502
2011-06-07 1.000 3.708
2011-03-10 1.000 3.608
2010-12-08 1.000 3.589
2010-09-23 1.000 3.369

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

  • Comtech Telecommunications has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Comtech Telecommunications has only been paying a dividend for 8 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Comtech Telecommunications's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Comtech Telecommunications'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 Comtech Telecommunications afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Comtech Telecommunications has a total score of 2/6, 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 Comtech Telecommunications'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
Fred Kornberg
COMPENSATION $3,434,946
AGE 82
TENURE AS CEO 2.5 years
CEO Bio

Mr. Fred Kornberg has been the Chief Executive Officer and President of Comtech Telecommunications Corp. since September 29, 2016 and previously served as its Chief Executive Officer and President from 1976 to January 2015. Mr. Kornberg served as Executive Vice President of Comtech Telecommunications Corp. from 1971 to 1976 and served as its General Manager of the telecommunications transmission segment. He has been the Chairman of Comtech Telecommunications Corp. since September 27, 2011. He serves as the Chairman of Comtech PST Corp. He served as an Executive Chairman at Comtech Telecommunications from January 2015 to January 2016 and served as its Chairman since January 2016 until September 2016. Mr. Kornberg has knowledge of the Comtech’s history, strategies, technologies and culture. Mr. Kornberg has been a Director of Comtech Telecommunications Corp. since 1971.

CEO Compensation
  • Fred's compensation has been consistent with company performance over the past year.
  • Fred's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Comtech Telecommunications management team in years:

4.6
Average Tenure
59
Average Age
  • The tenure for the Comtech Telecommunications management team is about average.
Management Team

Fred Kornberg

TITLE
Chairman
COMPENSATION
$3M
AGE
82
TENURE
2.5 yrs

Mike Porcelain

TITLE
Senior VP & COO
COMPENSATION
$1M
AGE
49
TENURE
0.4 yrs

Richard Burt

TITLE
Senior VP & President of Comtech Systems Inc.
COMPENSATION
$806K
AGE
77
TENURE
21.2 yrs

John Branscum

TITLE
Senior VP and President of Comtech EF Data Corp. & Xicom Technology Inc.
COMPENSATION
$1M
AGE
59
TENURE
4.2 yrs

Nancy Stallone

TITLE
VP of Finance & Corporate Secretary
COMPENSATION
$529K
AGE
58
TENURE
3.2 yrs

Michael Bondi

TITLE
Senior VP & CFO
AGE
45
TENURE
0.4 yrs

Brian Duggan

TITLE
Vice President of International Marketing
AGE
76
TENURE
9.4 yrs

Kent Hellebust

TITLE
President of Safety and Security Technologies
AGE
59
TENURE
5.9 yrs

Gail Segui

TITLE
Treasurer
COMPENSATION
$120K
AGE
72
TENURE
21.2 yrs

Mike Hrybenko

TITLE
President of Comtech PST Corp
TENURE
5.1 yrs
Board of Directors Tenure

Average tenure and age of the Comtech Telecommunications board of directors in years:

7.5
Average Tenure
79
Average Age
  • The tenure for the Comtech Telecommunications board of directors is about average.
Board of Directors

Fred Kornberg

TITLE
Chairman
COMPENSATION
$3M
AGE
82
TENURE
7.5 yrs

Ira Kaplan

TITLE
Director
COMPENSATION
$190K
AGE
82
TENURE
16.8 yrs

Robert Paul

TITLE
Director
COMPENSATION
$188K
AGE
76
TENURE
12 yrs

Larry Waldman

TITLE
Director
COMPENSATION
$200K
AGE
72
TENURE
3.6 yrs

Yacov Shamash

TITLE
Director
COMPENSATION
$188K
AGE
68
TENURE
2.4 yrs

Edwin Kantor

TITLE
Lead Independent Director
COMPENSATION
$208K
AGE
86
TENURE
7.5 yrs
Who owns this company?
Recent Insider Trading
  • Comtech Telecommunications insiders have only sold shares in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
22. Jan 19 Sell John Branscum Individual 18. Jan 19 18. Jan 19 -1,158 $25.16 $-29,129
19. Dec 18 Sell Edwin Kantor Individual 17. Dec 18 18. Dec 18 -1,000 $25.50 $-25,500
16. Oct 18 Sell John Branscum Individual 15. Oct 18 15. Oct 18 -753 $31.94 $-24,051
09. Oct 18 Sell Edwin Kantor Individual 04. Oct 18 08. Oct 18 -1,500 $34.55 $-51,000
13. Jun 18 Sell Edwin Kantor Individual 11. Jun 18 12. Jun 18 -1,557 $32.00 $-49,689
19. Apr 18 Sell Fred Kornberg Individual 17. Apr 18 17. Apr 18 -30,000 $32.35 $-970,500
05. Apr 18 Sell Edwin Kantor Individual 03. Apr 18 03. Apr 18 -3,318 $30.49 $-101,166
X
Management checks
We assess Comtech Telecommunications'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. Comtech Telecommunications 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

Is Now The Time To Look At Buying Comtech Telecommunications Corp. (NASDAQ:CMTL)?

saw significant share price movement during recent months on the NASDAQGS, rising to highs of $28.44 and falling to the lows of $22.45. … A question to answer is whether Comtech Telecommunications's current trading price of $22.63 reflective of the actual value of the? … Let’s take a look at Comtech Telecommunications’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

If You Had Bought Comtech Telecommunications Stock Three Years Ago, You Could Pocket A 24% Gain Today

(NASDAQ:CMTL) share price return of 24% over three years lags the market return in the same period. … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … Comtech Telecommunications was able to grow its EPS at 6.7% per year over three years, sending the share price higher.

Simply Wall St -

Is Comtech Telecommunications Corp.'s (NASDAQ:CMTL) P/E Ratio Really That Good?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … That corresponds to an earnings yield of approximately 5.4%. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Are Comtech Telecommunications Corp.'s (NASDAQ:CMTL) Interest Costs Too High?

While small-cap stocks, such as Comtech Telecommunications Corp. … (NASDAQ:CMTL) with its market cap of US$606m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

Did Comtech Telecommunications Corp. (NASDAQ:CMTL) Use Debt To Deliver Its ROE Of 6.9%?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Another way to think of that is that for every $1 worth of equity in the company, it was able to earn $0.069. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Why Comtech Telecommunications Corp.’s (NASDAQ:CMTL) Return On Capital Employed Might Be A Concern

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Does The Comtech Telecommunications Corp. (NASDAQ:CMTL) Share Price Fall With The Market?

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Should Comtech Telecommunications Corp. (NASDAQ:CMTL) Be Part Of Your Income Portfolio?

A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Let's take a look at Comtech Telecommunications in more detail. … View our latest analysis for Comtech Telecommunications

Simply Wall St -

A Look At Comtech Telecommunications Corp.'s (NASDAQ:CMTL) Exceptional Fundamentals

(NASDAQ:CMTL) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … If you're interested in understanding beyond my high-level commentary,

Simply Wall St -

How Many Insiders Sold Comtech Telecommunications Corp (NASDAQ:CMTL) Shares?

So before you buy or sell Comtech Telecommunications Corp (NASDAQ:CMTL), you may well want to know whether insiders have been buying or selling. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … Comtech Telecommunications Insider Transactions Over The Last Year.

Simply Wall St -

Company Info

Description

Comtech Telecommunications Corp. designs, develops, produces, and markets products, systems, and services for communications solutions. The company’s Commercial Solutions segment offers ground-based equipment, including single channel per carrier modems and solid-state amplifiers that facilitate the transmission of voice, video, and data over satellite links; and traveling wave tube amplifiers, such as high power narrow-band amplifiers used to amplify signals from satellite earth stations, as well as safety and security technologies. It also provides enterprise application technologies comprising location-based technologies that include Trusted Location, a software-based scoring system that allows providers to determine mobile location, and identify fraudulent behavior and other security risks; Look4, an application that enable customers to build their own applications; Indoor Location, a solution that enables the determination of a cell phone user’s geospatial position; and text messaging platforms that are used by wireless carriers to provide short-messaging services and communicate with 911 public safety answering points. The company’s Government Solutions segment offers command and control technologies, which comprise tactical communications, managed networks, logistics, and end-to-end integration; cyber security training and computer network operations; and satellite-based mobile communications and tracking systems. It also provides over-the-horizon microwave systems, including equipment and systems that transmit digitized voice, video, and data; and solid state high power broadband amplifiers designed for radar, electronic warfare, jamming, medical, and aviation applications. The company serves commercial and government customers worldwide. Comtech Telecommunications Corp. was founded in 1967 and is headquartered in Melville, New York.

Details
Name: Comtech Telecommunications Corp.
CMTL
Exchange: NasdaqGS
Founded: 1967
$540,661,396
24,125,899
Website: http://www.comtechtel.com
Address: Comtech Telecommunications Corp.
68 South Service Road,
Suite 230,
Melville,
New York, 11747,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS CMTL Common Stock Nasdaq Global Select US USD 14. Dec 1972
DB CC6 Common Stock Deutsche Boerse AG DE EUR 14. Dec 1972
Number of employees
Current staff
Staff numbers
1,852
Comtech Telecommunications employees.
Industry
Communications Equipment
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/18 23:34
End of day share price update: 2019/03/18 00:00
Last estimates confirmation: 2019/03/15
Last earnings filing: 2019/03/06
Last earnings reported: 2019/01/31
Last annual earnings reported: 2018/07/31


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.