Consolidated Communications Holdings, Inc.

NasdaqGS:CNSL Aktierapport

Börsvärde: US$559.2m

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Consolidated Communications Holdings Förvaltning

Förvaltning kriterier kontrolleras 1/4

Consolidated Communications Holdings VD är Bob Udell, utsedd i Nov 2013, har en mandatperiod på 11.08 år. totala årliga ersättningen är $ 3.43M, bestående av 18.7% lön 81.3% bonusar, inklusive företagsaktier och optioner. äger direkt 1.3% av företagets aktier, värda $ 7.27M. Den genomsnittliga mandatperioden för ledningsgruppen och styrelsen är 1.9 år respektive 11.1 år.

Viktig information

Bob Udell

Verkställande direktör

US$3.4m

Total ersättning

VD-lön i procent18.71%
Anställning som VD11.1yrs
Ägande av VD1.3%
Ledningens genomsnittliga anställningstid1.9yrs
Styrelsens genomsnittliga mandatperiod11.1yrs

Senaste uppdateringar av ledningen

Recent updates

Seeking Alpha • Aug 22

Consolidated Communications Goes All In On Fiber

Consolidated Communications' current performance remains weak. CNSL sold its partnership assets for $490 million to maximize its fiber investment in an effort to produce long-term growth. It's difficult to pencil out a higher valuation today with a $2.6-$3.0 billion TEV. Consolidated Communications Holdings, Inc. (CNSL) has been struggling with continued erosion in its voice and video services across all of its customer segments. The only category posting growth is broadband internet. Following its last major acquisition, net sales have fallen by about 13% since 2018. CNSL Revenue ((TTM)) data by YCharts CNSL also disclosed that their subsidy funding was materially reduced this year, which negatively impacts revenue and EBITDA by $10.5 million per quarter or $42 million annualized: "the annual $48 million in CAF II funding we had received transitioned to $6 million under the Rural Digital Opportunity Fund." A picture is worth a thousand words, so here's where the pain points for CNSL are coming from: CNSL Segments 2Q22 Filing (SEC Filings, Form 10-Q) The company had some asset diversification with its Verizon partnerships, but sold them for $490 million, or after-tax proceeds of $470 million. These lucrative assets produced solid recurring earnings, but now cash flow will be reduced by $40 million here as well. Their decision was based on the strategy of reinvesting organically to accelerate the buildout of their fiber network. More on that later. Finally, an analyst on the Q2 2022 conference call questioned CNSL management when top-line erosion will stall. Although CFO Steve Childers gave a rough timeline, the answer was only partially convincing, in my view: "So I think you will start seeing sequential revenue growth probably -- I think revenue and EBITDA growth probably in early 2023. Again, we need to -- may continue to work hard on mitigating the voice erosions." No doubt. Voice and video erosion have been ongoing for years. I've mentioned it before and I'll say it again, it seems conservative to just view these areas as melting ice cubes. There's no clear answer as to how they will stabilize, let alone return to growth. Those are a few headwinds to deal with, and with a sizable debt balance, management has decided to go all in with one potential solution. Fiber. Some Positives Fiber is the core business, both from a growth and cash flow perspective. Management is taking a lot of action by monetizing assets and reinvesting in this area. Why is fiber, in general, doing so well? Compared to incumbent cable internet, fiber has very fast upload and download speeds, whereas cable upload speeds can be slower. Directionally, fiber has growth, whereas cable does not. While there's still debate on the trajectory of market share trends, companies deploying fiber are definitely gaining over time. Management's strategy also rests on the fact that 80+% of its existing market footprint overlaps with only one cable competitor. Clearly, the company can benefit from this dynamic so long as other competitors don't expand into its primarily rural, low population density markets. I think this risk is low given the juice wouldn't be worth the squeeze for another telecom to enter the market given the capex required. However, one newish entrant is Google Fiber, which does have overlap with CNSL in California, Texas, Georgia, and other states. The company featured in its Q2 earnings presentation that it is making good progress with upgrades and is targeting its one million fiber passings milestone by December 2022. It plans to reach two million by 2025. CNSL Fiber Build Plan (CNSL Q2 Earnings Presentation) One issue, though, is that housing affordability reached a new low in 2022. That's discouraging new and existing home sales, which means there will be a slowdown in a key channel of new internet subscribers. Not that CNSL will materially suffer from this trend, but it certainly caps the potential for positive surprises on new residential wins (42% of the broadband mix). The counterargument is that CNSL has been actively marketing its new fiber brand, Fidium. In fact, management claimed that it was taking share from its cable competitor. We can see in the financials that consumer is border lining growth, commercial is slightly growing, and carrier is firmly in growth mode up 6.4% year-over-year and 8.3% sequentially. Management indicated that their broadband segment should allow them to achieve 3% long-term growth. I think that's a reasonable expectation, but I'm not sure how that will translate into a positive re-rating on valuation. Valuation I think a key development for CNSL will be whether its Fidium brand continues to gain momentum and take market share, despite the challenging industry environment. Presently, CNSL is working with a $2.6 billion total enterprise value after factoring in the cash proceeds from its partnership asset sale. However, management indicated that all of those proceeds would be redirected into the fiber buildout, so the cash isn't necessarily free and clear. Therefore, I'd pencil in the company's enterprise value as closer to $3 billion.
Seeking Alpha • Aug 01

Consolidated Communications stock jumps on $490M sale of investments to Verizon Wireless

Consolidated Communications (NASDAQ:CNSL) stock jumped 11.2% postmarket on Monday after the firm said it will sell its interests in 5 wireless partnerships managed by Cellco Partnership, dba Verizon Wireless, to Cellco for $490M. Proceeds will be invested in the business and used to support CNSL's Fiber to the Premises (FttP) build plan. "The sale of these investments is part of our long-term strategy as we continue our transformation to a fiber-first broadband company," said CNSL CEO Bob Udell. The sales are expected to close by 2022-end. Verizon Wireless is a unit of Verizon (VZ).
Analysartikel • Jul 15

Consolidated Communications Holdings (NASDAQ:CNSL) Hasn't Managed To Accelerate Its Returns

What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Analysartikel • May 12

Is Consolidated Communications Holdings (NASDAQ:CNSL) A Risky Investment?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysartikel • Mar 07

Consolidated Communications Holdings (NASDAQ:CNSL) Hasn't Managed To Accelerate Its Returns

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...
Seeking Alpha • Jan 31

Consolidated Communications: Revisiting The Thesis

CNSL is slowly deleveraging and aggressively reinvesting into its broadband network, stabilizing the business. Voice and video remain pain points, which limits revenue growth. The recent investment from Search Light Capital Partners is highly dilutive, which makes shares uninvestable.
Seeking Alpha • Nov 04

Consolidated Communications: New Fiber, But No Revenue Growth

Consolidated Communications shares are up over 60% in this year, but the shares turned south after the recent Q3 earnings report. A disappointing revenue decline was the likely cause. The company has left behind a few years of distress and is currently delivering on its strategy: a big bet on fiber with an accelerated build-out of fiber infrastructure. The challenge for the company remains to reverse revenue trends. The planned 300,000 new fiber connections in 2021, and many more after that, don't translate to top-line growth yet. The bet on fiber should pay off, but it may take years. In the absence of dividends, the question for retail investors is if an investment is worth the wait.
Analysartikel • Apr 20

Shareholders May Be Wary Of Increasing Consolidated Communications Holdings, Inc.'s (NASDAQ:CNSL) CEO Compensation Package

Consolidated Communications Holdings, Inc. ( NASDAQ:CNSL ) has not performed well recently and CEO Bob Udell will...
Analysartikel • Mar 18

An Intrinsic Calculation For Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) Suggests It's 36% Undervalued

In this article we are going to estimate the intrinsic value of Consolidated Communications Holdings, Inc...
Analysartikel • Feb 28

Is Now An Opportune Moment To Examine Consolidated Communications Holdings, Inc. (NASDAQ:CNSL)?

While Consolidated Communications Holdings, Inc. ( NASDAQ:CNSL ) might not be the most widely known stock at the...
Analysartikel • Feb 10

Consolidated Communications Holdings (NASDAQ:CNSL) Takes On Some Risk With Its Use Of Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Analysartikel • Jan 26

How Did Consolidated Communications Holdings, Inc.'s (NASDAQ:CNSL) 9.8% ROE Fare Against The Industry?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
Analysartikel • Jan 11

Consolidated Communications Holdings' (NASDAQ:CNSL) Stock Price Has Reduced 73% In The Past Five Years

We think intelligent long term investing is the way to go. But along the way some stocks are going to perform badly...
Analysartikel • Dec 27

Should You Use Consolidated Communications Holdings's (NASDAQ:CNSL) Statutory Earnings To Analyse It?

As a general rule, we think profitable companies are less risky than companies that lose money. However, sometimes...
Analysartikel • Dec 14

What Type Of Shareholders Make Up Consolidated Communications Holdings, Inc.'s (NASDAQ:CNSL) Share Registry?

The big shareholder groups in Consolidated Communications Holdings, Inc. ( NASDAQ:CNSL ) have power over the company...

Analys av ersättningar till VD

Hur har Bob Udell:s ersättning förändrats jämfört med Consolidated Communications Holdings:s resultat?
DatumTotal ersättningLönFöretagets resultat
Sep 30 2024n/an/a

-US$234m

Jun 30 2024n/an/a

-US$242m

Mar 31 2024n/an/a

-US$294m

Dec 31 2023US$3mUS$643k

-US$294m

Sep 30 2023n/an/a

-US$280m

Jun 30 2023n/an/a

-US$238m

Mar 31 2023n/an/a

-US$134m

Dec 31 2022US$3mUS$643k

-US$215m

Sep 30 2022n/an/a

-US$166m

Jun 30 2022n/an/a

-US$169m

Mar 31 2022n/an/a

-US$209m

Dec 31 2021US$5mUS$612k

-US$142m

Sep 30 2021n/an/a

-US$156m

Jun 30 2021n/an/a

-US$112m

Mar 31 2021n/an/a

-US$43m

Dec 31 2020US$3mUS$600k

US$6m

Sep 30 2020n/an/a

US$37m

Jun 30 2020n/an/a

US$23m

Mar 31 2020n/an/a

US$2m

Dec 31 2019US$3mUS$600k

-US$21m

Sep 30 2019n/an/a

-US$29m

Jun 30 2019n/an/a

-US$44m

Mar 31 2019n/an/a

-US$48m

Dec 31 2018US$3mUS$541k

-US$52m

Sep 30 2018n/an/a

US$62m

Jun 30 2018n/an/a

US$49m

Mar 31 2018n/an/a

US$57m

Dec 31 2017US$2mUS$425k

US$65m

Ersättning vs marknad: Bob s total kompensation ($USD 3.43M ) är över genomsnittet för företag av liknande storlek på US marknaden ($USD 2.41M ).

Ersättning vs inkomst: Ersättningen för Bob har ökat samtidigt som företaget är olönsamt.

VD OCH KONCERNCHEF

Bob Udell (58 yo)

11.1yrs
Anställning
US$3,433,636
Kompensation

Mr. C. Robert Udell, Jr., also known as Bob, had been Chief Executive Officer and President of Fairpoint Communications, Inc. since July 3, 2017. He had been Director of Fairpoint Communications, Inc. sinc...

Ledningsgrupp

NamnPositionAnställningKompensationÄgarskap
C. Udell
President11.1yrsUS$3.43m1.3%
$ 7.3m
Fred Graffam
Executive VP2yrsUS$941.96k0.26%
$ 1.4m
Gaurav Juneja
Chief Operating Officerless than a yearinga uppgifteringa uppgifter
David Koehl
Chief Information Officerless than a yearinga uppgifteringa uppgifter
J. Van Osdell
Chief Legal Officer5.9yrsinga uppgifteringa uppgifter
Jennifer Spaude
Senior Vice President of Corporate Communicationsno datainga uppgifteringa uppgifter
Gabe Waggoner
Chief Network Officerless than a yearinga uppgifteringa uppgifter
Dan Stoll
President of Commercial & Carrier Business1.9yrsinga uppgifteringa uppgifter
David Herrick
VP & Controllerno datainga uppgifteringa uppgifter
1.9yrs
Genomsnittlig anställningstid

Erfaren ledning: CNSL s ledningsgrupp anses inte vara erfaren ( 1.9 års genomsnittlig anställningstid), vilket föreslår ett nytt team.

Styrelseledamöter

NamnPositionAnställningKompensationÄgarskap
C. Udell
President11.1yrsUS$3.43m1.3%
$ 7.3m
Roger Moore
Independent Director19.4yrsUS$288.25k0.16%
$ 886.8k
Robert Currey
Independent Chairman22.9yrsUS$405.63k0.25%
$ 1.4m
Maribeth Rahe
Independent Director19.4yrsUS$294.75k0.17%
$ 959.6k
Thomas Gerke
Independent Director11.8yrsUS$284.75k0.15%
$ 819.7k
Andrew Frey
Independent Director3yrsinga uppgifteringa uppgifter
David Fuller
Independent Director4.2yrsUS$189.75k0.093%
$ 518.0k
Steve Weed
Non-Voting Board Observer3yrsinga uppgifteringa uppgifter
Marissa Solis
Independent Director2.9yrsUS$181.75k0.074%
$ 413.7k
11.1yrs
Genomsnittlig anställningstid
63yo
Genomsnittlig ålder

Erfaren styrelse: CNSL s styrelse är rutinerade och erfaren ( 11.1 års genomsnittlig mandatperiod).

Företagsanalys och finansiella data Status

UppgifterSenast uppdaterad (UTC-tid)
Analys av företag2024/12/28 08:27
Aktiekurs vid dagens slut2024/12/26 00:00
Intäkter2024/09/30
Årlig intjäning2023/12/31

Datakällor

Den data som används i vår företagsanalys kommer från S&P Global Market Intelligence LLC. Följande data används i vår analysmodell för att generera denna rapport. Data är normaliserade vilket kan medföra en fördröjning från det att källan är tillgänglig.

PaketUppgifterTidsramExempel US-källa
Företagets finansiella ställning10 år
  • Resultaträkning
  • Kassaflödesanalys
  • Balansräkning
Analytikernas konsensusuppskattningar+3 år
  • Prognos för finansiella poster
  • Analytikernas prismål
Marknadspriser30 år
  • Aktiekurser
  • Utdelningar, splittar och åtgärder
Ägarskap10 år
  • Största aktieägare
  • Insiderhandel
Förvaltning10 år
  • Ledningsgrupp
  • Styrelse och verkställande direktörer
Viktiga utvecklingstendenser10 år
  • Företagsmeddelanden

* Exempel för amerikanska värdepapper, för icke-amerikanska värdepapper används motsvarande regelverk och källor.

Om inget annat anges är all finansiell data baserad på en årsperiod men uppdateras kvartalsvis. Detta kallas data för efterföljande tolv månader (TTM) eller senaste tolv månader (LTM). Lär dig mer om detta.

Analysmodell och snöflinga

Detaljer om analysmodellen som används för att skapa denna rapport finns på vår Github-sida; vi har också guider om hur du använder våra rapporter och handledningar på Youtube.

Lär dig mer om det team i världsklass som utformade och byggde analysmodellen Simply Wall St.

Industri- och sektormått

Våra bransch- och sektionsmått beräknas var sjätte timme av Simply Wall St, detaljer om vår process finns tillgängliga på Github.

Källor för analytiker

Consolidated Communications Holdings, Inc. bevakas av 9 analytiker. 1 av dessa analytiker lämnade de uppskattningar av intäkter eller resultat som användes som indata till vår rapport. Analytikernas inskickade estimat uppdateras löpande under dagen.

AnalytikerInstitution
James MoormanD.A. Davidson & Co.
Michael McCormackGuggenheim Securities, LLC
Scott GoldmanJefferies LLC