Cable One, Inc.

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

Earnings Score
Moat Score
Safety Score

Market Cap $2.27B
PE 10
Debt $3.54B
Cash $226.64M
EV $5.58B
FCF $318.13M

Earnings

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Sales & Net Margins

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Earnings	$235.01M
EBIT	$522.17M
ROE	12%
ROA	8%
FCF	$318.13M
Equity	$1.88B
Growth Stability	91%
PE	9.67
PEG	-1.44
PB	1.21
P/FCF	7.15
P/S	1.42
Price/Cash	0.1
Debt/Equity	1.88
Debt/FCF	11.11
Net Margins	10%
Op. Margins	33%
Earnings CAGR	10%
Sales Growth YoY	-6%
Sales Growth QoQ	-0%
Sales CAGR	11%
FCF CAGR	15%
Equity CAGR	21%
Earnings Stability	0.25
Earnings Growth YoY	-37%
Earnings Growth QoQ	-48%
Earnings CAGR 5Y	-7%

Sales CAGR 5Y	8%
FCF CAGR 5Y	6%
Equity CAGR 5Y	14%
Earnings CAGR 3Y	-1%
Sales CAGR 3Y	-1%
FCF CAGR 3Y	2%
Equity CAGR 3Y	1%
Market Cap	$2.27B
Revenue	$1.60B
Dividend Yield	3%
Payout Ratio	29%
Assets	$6.66B
Total Debt	$3.54B
Cash	$226.64M
Shares Outstanding	5.62M
EV	5.58B
Earnings Score	13%
Moat Score	89%
Safety Score	71%
Final Score	58%
Working Capital	-24.72M
Current Ratio	0.93
Shares Growth 3y	-3%
Equity Growth QoQ	-4%
Equity Growth YoY	5%

Assets & ROA

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Stockholders Equity & ROE

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Cable One Inc is a telecommunications company. It derives revenue from the provision of broadband, voice, and video services to residential and business customers. From a product perspective, the majority of revenue is sourced from data and video services. This revenue is subscription-based and billed monthly. Cable One also derives advertising revenue from selling airtime on its video channels. Voice services are offered over Internet protocols. The company owns a telecommunications infrastructure.

SEC Filings

Direct access to Cable One, Inc. (CABO) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 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 Cable One, Inc. compare to its competitors?

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Peter Lynch's Chart

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

CAGR 10%

Stability 25%

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Cable One, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Cable One, Inc..

Years

Calculation mode

= $9B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$318M	$366M	$420M	$483M	$555M	$638M	$733M	$842M	$968M	$1.1B	$1.3B	$13B
DCF		$332M	$347M	$363M	$379M	$396M	$414M	$432M	$452M	$472M	$493M	$4.9B
Value	$9B

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	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	18%	11%	12%	24%	15%	15%	23%	18%	14%	16%	10%
ROA	-	11%	13%	11%	12%	10%	10%	7%	8%	8%	8%
ROE	-	20%	22%	35%	21%	21%	20%	16%	13%	14%	12%

Good Net Margins (10.04%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce 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	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	4.19	8.33	6.32	7.79	7.91	12.57	12.05	12.66	11.11
Debt over Equity	-	1.27	1.21	1.8	1.55	2.12	1.49	2.19	2.22	1.98	1.88
Growth Stability	-	-	-	100%	100%	100%	100%	100%	91%	97%	91%

Bad Debt/FCF ratio (11.11)

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

Bad Debt/Equity ratio (1.88)

The company is overleveraged and has a bad balance between equity and debt.

Good Graham’s Stability (91%)

The company has a good stability in its earnings, which is a sign of a good 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	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-1%	2%	17%	12%	9%	13%	21%	6%	-2%	8%
Earnings YoY growth	-	-40%	11%	137%	-30%	8%	70%	-4%	-20%	14%	-7%
Equity YoY growth	-	-49%	4%	48%	15%	9%	78%	20%	-2%	7%	14%
FCF YoY growth	-	238%	37%	10%	31%	21%	23%	11%	4%	-10%	6%