Altice Usa, Inc.

Telecommunications
Cable & Other Pay Television Services
www.alticeusa.com

Earnings Score
Safety Score

Market Cap $1.21B
Debt $25.24B
Cash $256.82M
EV $26.20B
FCF $149.39M

Earnings

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Sales & Net Margins

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Earnings	-$102.92M
EBIT	$1.68B
ROA	5%
FCF	$149.39M
Equity	-$456.83M
Growth Stability	-25%
PE	-11.77
PEG	0.81
PB	-2.65
P/FCF	8.11
P/S	0.14
Price/Cash	0.21
Debt/Equity	-55.26
Debt/FCF	168.98
Net Margins	-1%
Gross Margins	68%
Op. Margins	19%
Earnings CAGR	-5%
Sales Growth YoY	-3%
Sales Growth QoQ	0%
Sales CAGR	14%
FCF CAGR	-10%
Equity CAGR	-1%
Earnings Stability	-0.1

Earnings Growth YoY	-54%
Earnings Growth QoQ	26%
Earnings CAGR 5Y	-15%
Sales CAGR 5Y	-2%
FCF CAGR 5Y	-37%
Earnings CAGR 3Y	-4%
Sales CAGR 3Y	-4%
FCF CAGR 3Y	-39%
Market Cap	$1.21B
Revenue	$8.95B
Assets	$31.70B
Total Debt	$25.24B
Cash	$256.82M
Shares Outstanding	459.89M
EV	26.2B
Earnings Score	6%
Safety Score	20%
Working Capital	-1.52B
Current Ratio	0.32
Gross Profit	$6.06B
Shares Growth 3y	-2%
Equity Growth QoQ	8%
Equity Growth YoY	8%

Assets & ROA

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Stockholders Equity & ROE

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Altice Europe acquired privately held U.S. cable company Suddenlink in 2015 and Cablevision in 2016. Suddenlink's networks provided television, internet access, and phone services to roughly 3.5 million U.S. homes and businesses located primarily in smaller markets, with major clusters in Texas, West Virginia, Idaho, Arizona, and Louisiana. Cablevision provided comparable services to about 5.5 million homes and business in the New York City metro area. Altice Europe spun off Altice USA, which includes both the Suddenlink and Cablevision operations, to shareholders in 2018. Altice USA also owns News 12 Networks, which broadcasts local 24-hour news networks in New York, i24News, a news operation focused on the Middle East and Israel, and Cheddar, a news upstart.

SEC Filings

Direct access to Altice Usa, Inc. (ATUS) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Altice Usa, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Altice Usa, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR -5%

Stability -10%

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Altice Usa, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Altice Usa, Inc..

Years

Calculation mode

= $770M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$149M	$134M	$120M	$108M	$97M	$87M	$78M	$70M	$63M	$56M	$51M	$506M
DCF		$122M	$99M	$81M	$66M	$54M	$44M	$36M	$29M	$24M	$19M	$195M
Value	$770M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2016	12/2017	06/2018	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	-14%	16%	-	0%	1%	4%	10%	2%	1%	-1%	-1%
ROA	-	2%	-	5%	5%	6%	8%	5%	5%	5%	5%
ROE	-	28%	-	1%	6%	-38%	-121%	-41%	-13%	23%	-

Bad Net Margins (-1.15%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2016	12/2017	06/2018	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	1.37	-	16.96	20.51	14.67	16.93	63.33	209.19	168.98	168.98
Debt over Equity	0.33	0.25	-	6.24	10.79	-24.51	-33.5	-60.32	-60.25	-55.26	-55.26
Growth Stability	-	-	-	5%	18%	100%	100%	37%	10%	-25%	-25%

Bad Debt/FCF ratio (168.98)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Good Debt/Equity ratio (-55.26)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (-25%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2016	12/2017	06/2018	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	55%	-	-	2%	1%	2%	-4%	-4%	-3%	-2%
Earnings YoY growth	-	-283%	-	-	638%	214%	127%	-80%	-73%	-293%	-15%
Equity YoY growth	-	171%	-	-	-38%	-150%	-28%	-42%	-11%	8%	-
FCF YoY growth	-	81%	-	-	-12%	59%	-15%	-72%	-73%	23%	-37%