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Spok Holdings

Nasdaq:SPOK
Snowflake Description

Excellent balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SPOK
Nasdaq
$290M
Market Cap
  1. Home
  2. US
  3. Telecom
Company description

Spok Holdings, Inc., through its subsidiary, Spok, Inc., provides various communications solutions to healthcare, government, and other enterprises in the United States, Europe, Canada, Australia, Asia, and the Middle East. The last earnings update was 56 days ago. More info.


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SPOK Share Price and Events
7 Day Returns
3.6%
NasdaqGS:SPOK
4.6%
US Wireless Telecom
1.2%
US Market
1 Year Returns
-0.5%
NasdaqGS:SPOK
22.4%
US Wireless Telecom
2.3%
US Market
SPOK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Spok Holdings (SPOK) 3.6% -10.3% 12.4% -0.5% -20.8% 1.1%
US Wireless Telecom 4.6% -0.7% 6.5% 22.4% 47.2% 9.5%
US Market 1.2% 2% 2% 2.3% 37.9% 39.8%
1 Year Return vs Industry and Market
  • SPOK underperformed the Wireless Telecom industry which returned 22.4% over the past year.
  • SPOK underperformed the Market in United States of America which returned 2.3% over the past year.
Price Volatility
SPOK
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Spok Holdings 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 Spok Holdings 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 Spok Holdings.

NasdaqGS:SPOK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 7.5%
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:SPOK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Wireless Telecom Unlevered Beta Simply Wall St/ S&P Global 0.33
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.325 (1 + (1- 21%) (6.04%))
0.558
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

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

The calculations below outline how an intrinsic value for Spok Holdings 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:SPOK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.5%)
2019 2.61 Est @ -29.13% 2.43
2020 2.10 Est @ -19.57% 1.82
2021 1.83 Est @ -12.88% 1.47
2022 1.68 Est @ -8.2% 1.26
2023 1.60 Est @ -4.92% 1.11
2024 1.56 Est @ -2.63% 1.01
2025 1.54 Est @ -1.02% 0.93
2026 1.54 Est @ 0.11% 0.86
2027 1.56 Est @ 0.89% 0.81
2028 1.58 Est @ 1.44% 0.77
Present value of next 10 years cash flows $12.47
NasdaqGS:SPOK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $1.58 × (1 + 2.73%) ÷ (7.5% – 2.73%)
$33.99
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $33.99 ÷ (1 + 7.5%)10
$16.50
NasdaqGS:SPOK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $12.47 + $16.50
$28.97
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $28.97 / 19.21
$1.51
NasdaqGS:SPOK Discount to Share Price
Calculation Result
Value per share (USD) From above. $1.51
Current discount Discount to share price of $15.08
= -1 x ($15.08 - $1.51) / $1.51
-900.2%

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

  • The current share price of Spok Holdings 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 Spok Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Spok Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:SPOK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-0.06
NasdaqGS:SPOK Share Price ** NasdaqGS (2019-06-19) in USD $15.08
United States of America Wireless Telecom Industry PE Ratio Median Figure of 7 Publicly-Listed Wireless Telecom Companies 27.42x
United States of America Market PE Ratio Median Figure of 3,092 Publicly-Listed Companies 17.87x

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

** Primary Listing of Spok Holdings.

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

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

= 15.08 ÷ -0.06

-271.22x

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

  • Spok Holdings is loss making, we can't compare its value to the US Wireless Telecom industry average.
  • Spok Holdings is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Spok Holdings's expected growth come at a high price?
Raw Data
NasdaqGS:SPOK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -271.22x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
23%per year
United States of America Wireless Telecom Industry PEG Ratio Median Figure of 6 Publicly-Listed Wireless Telecom Companies 1.79x
United States of America Market PEG Ratio Median Figure of 2,128 Publicly-Listed Companies 1.53x

*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 Spok Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Spok Holdings's assets?
Raw Data
NasdaqGS:SPOK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $14.09
NasdaqGS:SPOK Share Price * NasdaqGS (2019-06-19) in USD $15.08
United States of America Wireless Telecom Industry PB Ratio Median Figure of 13 Publicly-Listed Wireless Telecom Companies 1.78x
United States of America Market PB Ratio Median Figure of 5,246 Publicly-Listed Companies 1.8x
NasdaqGS:SPOK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 15.08 ÷ 14.09

1.07x

* Primary Listing of Spok Holdings.

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

  • Spok Holdings is good value based on assets compared to the US Wireless Telecom industry average.
X
Value checks
We assess Spok Holdings'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 Wireless Telecom 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 Wireless Telecom industry average (and greater than 0)? (1 check)
  5. Spok Holdings has a total score of 1/6, 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 Spok Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Spok Holdings, future earnings growth has been estimated based on fundamentals.
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
23%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Spok Holdings expected to grow at an attractive rate?
  • Spok Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Spok Holdings's earnings growth is expected to exceed the United States of America market average.
  • Unable to compare Spok Holdings's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:SPOK Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:SPOK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 23%
United States of America Wireless Telecom Industry Earnings Growth Rate Market Cap Weighted Average 18.2%
United States of America Wireless Telecom Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*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:SPOK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:SPOK Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 168 11 -1
2018-12-31 169 10 -1
2018-09-30 170 14 -22
2018-06-30 171 15 -18
2018-03-31 173 13 -16
2017-12-31 171 16 -15
2017-09-30 172 22 9
2017-06-30 173 24 9
2017-03-31 176 32 11
2016-12-31 180 38 14
2016-09-30 183 38 80
2016-06-30 184 36 80

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Spok Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Spok Holdings is high growth as no revenue estimate data is available.
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:SPOK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Spok Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:SPOK Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -0.06
2018-12-31 -0.08
2018-09-30 -1.14
2018-06-30 -0.92
2018-03-31 -0.79
2017-12-31 -0.76
2017-09-30 0.45
2017-06-30 0.46
2017-03-31 0.55
2016-12-31 0.68
2016-09-30 3.85
2016-06-30 3.82

*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 Spok Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Spok Holdings'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.
Spok Holdings has a total score of 3/6, 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 Spok Holdings 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 Spok Holdings's growth in the last year to its industry (Wireless Telecom).
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.
  • Spok Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Spok Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Spok Holdings's 1-year growth to the US Wireless Telecom industry average as it is not currently profitable.
Earnings and Revenue History
Spok Holdings'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 Spok Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:SPOK Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 168.12 -1.08 85.80 24.90
2018-12-31 169.47 -1.48 87.60 24.46
2018-09-30 169.99 -22.50 88.40 22.78
2018-06-30 171.15 -18.29 86.65 21.85
2018-03-31 172.85 -15.82 85.15 20.33
2017-12-31 171.18 -15.31 84.45 18.70
2017-09-30 171.59 9.10 84.00 17.47
2017-06-30 173.31 9.44 83.06 16.11
2017-03-31 175.62 11.39 82.72 14.66
2016-12-31 179.56 13.98 82.17 13.47
2016-09-30 182.72 79.68 82.39 20.05
2016-06-30 183.54 79.85 82.96 16.40
2016-03-31 186.88 79.77 83.46 13.19
2015-12-31 189.63 80.25 87.28 10.28
2015-09-30 193.56 18.43 83.95
2015-06-30 197.17 18.86 85.06
2015-03-31 198.29 19.77 86.76
2014-12-31 200.27 20.75 90.15 9.50
2014-09-30 203.69 21.85 90.04
2014-06-30 203.57 22.96 90.00
2014-03-31 206.74 25.50 89.04
2013-12-31 209.75 27.53 88.12
2013-09-30 206.95 21.54 90.18
2013-06-30 212.40 23.83 91.20
2013-03-31 216.09 25.45 92.24
2012-12-31 219.70 26.98 89.46
2012-09-30 217.53 39.05 95.54
2012-06-30 223.88 41.45 97.05

*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 Spok Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Spok Holdings has efficiently used its assets last year compared to the US Wireless Telecom industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Spok Holdings 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 Spok Holdings'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 Wireless Telecom 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.
Spok Holdings has a total score of 0/6, 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 Spok Holdings'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 Spok Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Spok Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Spok Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Spok Holdings'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 not covered by short term assets, assets are -3.6202748554571E+16x 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 Spok Holdings Company Filings, last reported 2 months ago.

NasdaqGS:SPOK Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 270.53 17.49 81.80
2018-12-31 274.55 0.00 87.31
2018-09-30 279.11 0.00 95.23
2018-06-30 281.27 0.00 94.07
2018-03-31 291.25 0.00 101.30
2017-12-31 290.53 0.00 107.16
2017-09-30 313.37 0.00 110.14
2017-06-30 311.51 0.00 107.15
2017-03-31 321.41 0.00 118.95
2016-12-31 322.09 0.00 125.82
2016-09-30 332.45 0.00 122.46
2016-06-30 330.55 0.00 117.10
2016-03-31 330.09 0.00 111.92
2015-12-31 329.56 0.00 111.33
2015-09-30 268.14 0.01 114.25
2015-06-30 274.39 0.02 118.01
2015-03-31 276.25 0.02 106.28
2014-12-31 279.06 0.02 108.29
2014-09-30 278.28 0.01 107.37
2014-06-30 275.36 0.02 97.46
2014-03-31 273.16 0.02 92.30
2013-12-31 269.95 0.04 89.67
2013-09-30 263.84 0.03 83.04
2013-06-30 259.92 0.03 72.09
2013-03-31 256.18 0.04 71.76
2012-12-31 251.42 0.05 61.11
2012-09-30 259.83 0.00 49.59
2012-06-30 259.03 0.00 41.01
  • Spok Holdings's level of debt (0%) 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 (0% vs 0% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Spok Holdings has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Spok Holdings'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. Spok Holdings has a total score of 5/6, 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 Spok Holdings'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
3.32%
Current annual income from Spok Holdings dividends.
If you bought $2,000 of Spok Holdings shares you are expected to receive $66 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?
  • Spok Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Spok Holdings's dividend is below the markets top 25% of dividend payers in United States of America (3.69%).
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:SPOK 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 0 Analyst Estimates (S&P Global) See Below
United States of America Wireless Telecom Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 6.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.4%
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 3.7%

Industry and Market average data is calculated daily.

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

NasdaqGS:SPOK Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-25 0.500 3.319
2019-04-24 0.500 3.534
2018-10-24 0.500 3.574
2018-07-26 0.500 3.301
2018-07-25 0.500 3.414
2018-04-26 0.500 3.342
2018-04-25 0.500 3.236
2017-10-24 0.500 3.189
2017-04-26 0.500 2.971
2017-03-02 0.500 2.700
2017-03-01 0.500 2.649
2016-10-27 0.500 2.583
2016-10-26 0.500 2.872
2016-07-28 0.500 2.875
2016-07-27 0.500 2.640
2016-04-28 0.500 2.760
2016-04-27 0.500 3.067
2016-02-25 0.500 2.938
2016-02-24 0.500 2.893
2015-10-29 0.500 2.856
2015-10-28 0.500 2.733
2015-07-30 0.500 2.988
2015-07-28 0.500 3.156
2015-04-30 0.500 2.955
2015-04-29 0.500 2.531
2015-03-05 0.500 2.560
2015-03-04 0.500 2.703
2014-07-30 0.500 3.145
2014-04-30 0.500 3.304
2014-03-05 0.500 2.956
2013-11-05 0.500 3.498
2013-08-01 0.500 3.484
2013-05-09 0.500 3.592
2013-03-04 0.500 3.937
2012-11-01 0.500 4.402
2012-07-30 0.500 4.390
2012-05-03 1.000 7.734
2012-02-23 1.000 7.459
2011-10-26 1.000 7.092
2011-07-27 2.000 13.557
2011-05-04 2.000 12.919
2011-02-23 2.000 13.828
2010-10-27 2.000 11.429
2010-07-28 1.000 6.615
2010-05-05 1.000 7.434
2010-02-24 1.000 7.707
2009-10-28 1.000 9.299
2009-07-29 1.000 7.748

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Spok Holdings's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
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 Spok Holdings'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 Spok Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Spok Holdings has a total score of 1/6, 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 Spok Holdings'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
Vince Kelly
COMPENSATION $2,929,278
AGE 58
TENURE AS CEO 14.6 years
CEO Bio

Mr. Vincent D. Kelly serves as the Chief Executive Officer & President of Spok, Inc. Mr. Kelly serves as the Chief Executive Officer and President of Spok Holdings, Inc. (formerly USA Mobility, Inc.). Mr. Kelly served as the President and Chief Executive Officer of Metrocall Holdings Inc., (formerly, Metrocall Inc.) since February 5, 2003. He served as the Chief Operating Officer of Metrocall from May 2002 to February 2003, Chief Financial Officer from January 1989 to February 2003 and Executive Vice President from February 1997 to February 2003. He served as a Treasurer of Metrocall, Inc. from August 1995 to 1998. He was heavily involved in Metrocall's merger and acquisition strategy. He was also involved in taking Metrocall Inc. public in 1993 and managed all subsequent public offerings and financings. Prior to Metrocall in 1987, he served in public accounting at Brunner, Kane & McCarthy. He has been a Director of Spok Holdings, Inc. (formerly USA Mobility, Inc.) since November 2004. He served as Director of Penton Media Inc. from 2003 to February 2007. He served as a Director of Tellabs Inc. from May 2, 2012 to December 3, 2014. He served as an Independent Director of Gores Investment Corp. since 2004. He served as a Director of Metrocall Holdings Inc. since 2003 and from 1990 to 1996. Mr. Kelly holds B.S. in Accounting from George Mason University

CEO Compensation
  • Vince's compensation has increased whilst company is loss making.
  • Vince'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 Spok Holdings management team in years:

3.3
Average Tenure
53.5
Average Age
  • The tenure for the Spok Holdings management team is about average.
Management Team

Vince Kelly

TITLE
President
COMPENSATION
$3M
AGE
58
TENURE
14.6 yrs

Mike Wallace

TITLE
CFO & Chief Accounting Officer
COMPENSATION
$1M
AGE
49
TENURE
2.3 yrs

Sharon Keisling

TITLE
Corporate Secretary & Treasurer
COMPENSATION
$450K
AGE
49
TENURE
10.7 yrs

Bonnie Culp-Fingerhut

TITLE
Executive VP of Human Resources & Administration and Chief Compliance Officer - Spok Inc
COMPENSATION
$581K
AGE
66

John LaLonde

TITLE
Chief Technology Officer
TENURE
1.4 yrs

Tim Tindle

TITLE
Chief Information Officer
TENURE
0.2 yrs

Bob Lougee

TITLE
Investor Relations Contact & Corporate Communications

Donna Scott

TITLE
Senior Vice President of Marketing
TENURE
5.2 yrs

Don Soucy

TITLE
Executive Vice President of Sales
TENURE
3.3 yrs

Steve Pennington

TITLE
Senior Vice President of Sales and Marketing
Board of Directors Tenure

Average tenure and age of the Spok Holdings board of directors in years:

14.6
Average Tenure
61
Average Age
  • The average tenure for the Spok Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Royce Yudkoff

TITLE
Chairman of the Board
COMPENSATION
$105K
AGE
62
TENURE
14.6 yrs

Vince Kelly

TITLE
President
COMPENSATION
$3M
AGE
58
TENURE
14.6 yrs

Matthew Oristano

TITLE
Director
COMPENSATION
$125K
AGE
62
TENURE
14.6 yrs

Brian O'Reilly

TITLE
Director
COMPENSATION
$105K
AGE
58
TENURE
14.6 yrs

Samme Thompson

TITLE
Director
COMPENSATION
$105K
AGE
72
TENURE
14.6 yrs

Nathaniel Butterfield

TITLE
Director
COMPENSATION
$105K
AGE
61
TENURE
5.9 yrs

Stacia Hylton

TITLE
Director
COMPENSATION
$105K
AGE
58
TENURE
3.9 yrs

Jason Fratzke

TITLE
Member of Strategic Advisory Council

Baber Ghauri

TITLE
Member of Strategic Advisory Council

Jim Murry

TITLE
Member of Strategic Advisory Council
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 ($) Value ($)
16. May 19 Sell Braeside Investments, LLC Company 14. May 19 15. May 19 -65,376 $15.96 $-1,035,297
22. Aug 18 Sell Sharon Keisling Individual 21. Aug 18 21. Aug 18 -3,120 $15.60 $-48,672
X
Management checks
We assess Spok Holdings'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. Spok Holdings 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

Does Spok Holdings, Inc.'s (NASDAQ:SPOK) CEO Pay Matter?

View our latest analysis for Spok Holdings How Does Vince Kelly's Compensation Compare With Similar Sized Companies? … We examined companies with market caps from US$100m to US$400m, and discovered that the median CEO total compensation of that group was US$1.1m. … With a three year total loss of 16%, Spok Holdings, Inc.

Simply Wall St -

How Much Of Spok Holdings, Inc. (NASDAQ:SPOK) Do Institutions Own?

Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Spok Holdings is not a large company by global standards. … Let's take a closer look to see what the different types of shareholder can tell us about SPOK

Simply Wall St -

Introducing Spok Holdings, The Stock That Dropped 19% In The Last Three Years

Given that Spok Holdings didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. … As you can imagine, fast revenue growth, when maintained, often leads to fast profit growth. … Over the last three years, Spok Holdings's revenue dropped 4.4% per year.

Simply Wall St -

Is Spok Holdings, Inc. (NASDAQ:SPOK) Overpaying Its CEO?

In 2004 Vince Kelly was appointed CEO of Spok Holdings, Inc. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Vince Kelly's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Are Spok Holdings, Inc.'s (NASDAQ:SPOK) Interest Costs Too High?

However, the trade-off is SPOK will have to follow strict debt obligations which will reduce its financial flexibility. … Zero-debt can alleviate some risk associated with the company meeting debt obligations, but this doesn’t automatically mean SPOK has outstanding financial strength. … Is financial flexibility worth the lower cost of capital.

Simply Wall St -

What Type Of Shareholder Owns Spok Holdings Inc's (NASDAQ:SPOK)?

The big shareholder groups in Spok Holdings Inc (NASDAQ:SPOK) have power over the company. … Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … With a market capitalization of US$297m, Spok Holdings is a small cap stock, so it might not be well known by many institutional investors.

Simply Wall St -

How Does Spok Holdings Inc (NASDAQ:SPOK) Fare As A Dividend Stock?

Historically, Spok Holdings Inc (NASDAQ:SPOK) has paid a dividend to shareholders. … Does Spok Holdings tick all the boxes of a great dividend stock? … Check out our latest analysis for Spok Holdings

Simply Wall St -

Is Spok Holdings Inc's (NASDAQ:SPOK) CEO Paid At A Competitive Rate?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … We examined companies with market caps from US$100m to US$400m, and discovered that the median CEO compensation of that group was US$914k. … Thus we can conclude that Vince Kelly receives more in total compensation than the median of a group of companies in the same market, and of similar size to Spok Holdings Inc

Simply Wall St -

Spok Holdings Inc (NASDAQ:SPOK): The Return Story

Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … To understand Spok Holdings’s capital returns we will look at a useful metric called return on capital employed. … Spok Holdings's Return On Capital Employed

Simply Wall St -

Is Spok Holdings Inc (NASDAQ:SPOK) Excessively Paying Its CEO?

Vince Kelly took the helm as Spok Holdings Inc's (NASDAQ:SPOK) CEO and grew market cap to US$305.07m recently. … CEOs leading companies of similar size and profitability … See our latest analysis for Spok Holdings

Simply Wall St -

Company Info

Description

Spok Holdings, Inc., through its subsidiary, Spok, Inc., provides various communications solutions to healthcare, government, and other enterprises in the United States, Europe, Canada, Australia, Asia, and the Middle East. The company provides one-way messaging, including numeric messaging services, which enable subscribers to receive messages comprising numbers, such as phone numbers; and alphanumeric messages, including numbers and letters that enable subscribers to receive text messages. It also offers two-way messaging services that enable subscribers to send and receive messages to and from other wireless messaging devices, such as pagers, personal digital assistants, and personal computers; and voice mail, personalized greeting, message storage and retrieval, and equipment loss and/or maintenance protection to one-way and two-way messaging subscribers. In addition, the company develops, sells, and supports enterprise-wide systems to automate, centralize, and standardize clinical communications for contact centers, clinical alerting and notification, mobile communications, and messaging, as well as for public safety notifications. Further, it sells devices to resellers who lease or resell them to their subscribers; ancillary services, such as voicemail and equipment loss or maintenance protection, as well as provides a suite of professional services. The company serves businesses, professionals, management personnel, medical personnel, field sales personnel and service forces, members of the construction industry and construction trades, real estate brokers and developers, sales and services organizations, specialty trade organizations, manufacturing organizations, and government agencies. The company was formerly known as USA Mobility, Inc. and changed its name to Spok Holdings, Inc. in July 2014. Spok Holdings, Inc. is headquartered in Springfield, Virginia.

Details
Name: Spok Holdings, Inc.
SPOK
Exchange: NasdaqGS
Founded:
$289,718,317
19,212,090
Website: http://www.spok.com
Address: Spok Holdings, Inc.
6850 Versar Center,
Suite 420,
Springfield,
Virginia, 22151,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS SPOK Common Stock Nasdaq Global Select US USD 30. May 2002
DB FQV Common Stock Deutsche Boerse AG DE EUR 30. May 2002
Number of employees
Current staff
Staff numbers
591
Spok Holdings employees.
Industry
Wireless Telecommunication Services
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/20 00:16
End of day share price update: 2019/06/19 00:00
Last earnings filing: 2019/04/25
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


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.