Comtech Telecommunications
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
1 Year Returns
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.
Value
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Comtech Telecommunications.
| 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.
| 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.
| 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 | ||
| 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 |
| 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 |
| 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.
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?
| 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.
| 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?
| 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 .
| 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?
| 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 |
| 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.
Value checks
We assess Comtech Telecommunications's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Communications industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Communications industry average (and greater than 0)? (1 check) 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
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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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.
Future performance checks
We assess Comtech Telecommunications's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from Comtech Telecommunications Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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).
Past performance checks
We assess Comtech Telecommunications's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Communications industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from Comtech Telecommunications Company Filings, last reported 1 month ago.
| 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).
Financial health checks
We assess Comtech Telecommunications's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Comtech Telecommunications has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
If you bought
$2,000 of
Comtech Telecommunications
shares you are expected to receive
$36
in your first year as a dividend.
Dividend Amount
- 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.
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.
| 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.
| 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 |
| 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.
Income/ dividend checks
We assess Comtech Telecommunications's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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:
- The tenure for the Comtech Telecommunications management team is about average.
Management Team
Fred Kornberg
Chairman
$3M
82
2.5 yrs
Mike Porcelain
Senior VP & COO
$1M
49
0.4 yrs
Richard Burt
Senior VP & President of Comtech Systems Inc.
$806K
77
21.2 yrs
John Branscum
Senior VP and President of Comtech EF Data Corp. & Xicom Technology Inc.
$1M
59
4.2 yrs
Nancy Stallone
VP of Finance & Corporate Secretary
$529K
58
3.2 yrs
Michael Bondi
Senior VP & CFO
45
0.4 yrs
Brian Duggan
Vice President of International Marketing
76
9.4 yrs
Kent Hellebust
President of Safety and Security Technologies
59
5.9 yrs
Gail Segui
Treasurer
$120K
72
21.2 yrs
Mike Hrybenko
President of Comtech PST Corp
5.1 yrs
Board of Directors Tenure
Average tenure and age of the Comtech Telecommunications board of directors in years:
- The tenure for the Comtech Telecommunications board of directors is about average.
Board of Directors
Fred Kornberg
Chairman
$3M
82
7.5 yrs
Ira Kaplan
Director
$190K
82
16.8 yrs
Robert Paul
Director
$188K
76
12 yrs
Larry Waldman
Director
$200K
72
3.6 yrs
Yacov Shamash
Director
$188K
68
2.4 yrs
Edwin Kantor
Lead Independent Director
$208K
86
7.5 yrs
Who owns this company?
Recent Insider Trading
- Comtech Telecommunications insiders have only sold shares in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | 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 | ||
Management checks
We assess Comtech Telecommunications's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleIf 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 - – Full articleIs 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 - – Full articleAre 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 - – Full articleDid 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 - – Full articleWhy 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 - – Full articleDoes 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 - – Full articleShould 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 - – Full articleA 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 - – Full articleHow 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 - – Full articleCompany 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
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.
