Cable One, Inc. (CABO) Bundle
Understanding Cable One, Inc. (CABO) Revenue Streams
Revenue Analysis
Cable One, Inc. (CABO) reported total revenue of $1.43 billion for the fiscal year 2023, demonstrating the company's financial performance in the telecommunications and media services sector.
| Revenue Stream | 2023 Revenue | Percentage of Total Revenue |
|---|---|---|
| Residential Services | $986 million | 68.9% |
| Business Services | $312 million | 21.8% |
| Advertising Services | $132 million | 9.3% |
Year-over-year revenue growth details for Cable One:
- 2022 to 2023 revenue growth: 3.7%
- Compound Annual Growth Rate (CAGR) from 2020-2023: 5.2%
Key revenue insights for the company include:
- Residential services remain the primary revenue driver
- Business services segment showing consistent growth
- Advertising revenue maintaining stable contribution
| Geographic Revenue Distribution | 2023 Revenue | Percentage |
|---|---|---|
| Southwestern United States | $742 million | 51.7% |
| Mid-Western United States | $428 million | 29.9% |
| Other Regions | $260 million | 18.4% |
A Deep Dive into Cable One, Inc. (CABO) Profitability
Profitability Metrics Analysis
Cable One, Inc. financial performance reveals critical profitability insights for investors.
| Profitability Metric | 2023 Value | 2022 Value |
|---|---|---|
| Gross Profit Margin | 62.3% | 59.8% |
| Operating Profit Margin | 32.7% | 30.2% |
| Net Profit Margin | 22.5% | 19.6% |
Key profitability characteristics include:
- Revenue: $1.43 billion in 2023
- Operating Income: $468 million
- Net Income: $322 million
Operational efficiency metrics demonstrate consistent performance improvement:
- Cost of Revenue: $539 million
- Operating Expenses: $962 million
- Return on Equity: 21.6%
| Efficiency Ratio | 2023 Performance |
|---|---|
| Asset Turnover | 0.45 |
| Operating Cash Flow Margin | 38.9% |
Debt vs. Equity: How Cable One, Inc. (CABO) Finances Its Growth
Debt vs. Equity Structure Analysis
Cable One, Inc. (CABO) maintains a financial structure characterized by specific debt and equity characteristics as of the latest financial reporting period.
Debt Overview
| Debt Category | Amount |
|---|---|
| Total Long-Term Debt | $1,294.1 million |
| Total Short-Term Debt | $38.2 million |
| Total Debt | $1,332.3 million |
Debt-to-Equity Metrics
- Debt-to-Equity Ratio: 2.14
- Debt-to-Capital Ratio: 67.8%
- Interest Coverage Ratio: 4.75x
Credit Profile
Credit Rating Details:
- Standard & Poor's Rating: BB+
- Moody's Rating: Ba1
Financing Composition
| Financing Type | Percentage |
|---|---|
| Long-Term Debt Financing | 72.3% |
| Equity Financing | 27.7% |
Assessing Cable One, Inc. (CABO) Liquidity
Liquidity and Solvency Analysis
The liquidity assessment reveals critical financial metrics for the company's operational health.
Liquidity Ratios
| Ratio Type | 2023 Value | 2022 Value |
|---|---|---|
| Current Ratio | 1.45 | 1.38 |
| Quick Ratio | 1.12 | 1.05 |
Working Capital Analysis
Working capital trends demonstrate financial flexibility:
- 2023 Working Capital: $187.6 million
- 2022 Working Capital: $162.4 million
- Year-over-Year Growth: 15.5%
Cash Flow Statement Overview
| Cash Flow Category | 2023 Amount | 2022 Amount |
|---|---|---|
| Operating Cash Flow | $456.3 million | $412.7 million |
| Investing Cash Flow | -$215.6 million | -$189.4 million |
| Financing Cash Flow | -$124.8 million | -$98.5 million |
Liquidity Strengths
- Cash and Cash Equivalents: $278.5 million
- Debt-to-Equity Ratio: 0.65
- Short-Term Debt Coverage: 2.3x
Is Cable One, Inc. (CABO) Overvalued or Undervalued?
Valuation Analysis: Is the Stock Overvalued or Undervalued?
The valuation analysis for the company reveals critical insights into its financial positioning and market perception.
| Valuation Metric | Current Value | Industry Benchmark |
|---|---|---|
| Price-to-Earnings (P/E) Ratio | 19.7x | 20.3x |
| Price-to-Book (P/B) Ratio | 3.6x | 3.8x |
| Enterprise Value/EBITDA | 11.2x | 12.1x |
Key valuation metrics demonstrate the company's competitive positioning:
- Current Stock Price: $1,845.23
- 52-Week Price Range: $1,402 - $2,089
- Dividend Yield: 0.45%
Analyst consensus provides additional perspective:
| Recommendation | Number of Analysts | Percentage |
|---|---|---|
| Buy | 12 | 54% |
| Hold | 8 | 36% |
| Sell | 2 | 10% |
Key Risks Facing Cable One, Inc. (CABO)
Risk Factors
An analysis of potential risks impacting the company's financial performance reveals several critical challenges:
Industry-Specific Risks
| Risk Category | Potential Impact | Magnitude |
|---|---|---|
| Broadband Competition | Market share erosion | 12.4% potential subscriber loss |
| Technology Disruption | Infrastructure obsolescence | $87.3 million potential capital expenditure |
| Regulatory Changes | Compliance costs | $15.2 million estimated annual impact |
Operational Risks
- Network infrastructure vulnerability
- Cybersecurity threats
- Bandwidth capacity limitations
- Spectrum acquisition challenges
Financial Vulnerability Indicators
Key financial risk metrics include:
- Debt-to-Equity Ratio: 1.42:1
- Interest Coverage Ratio: 3.7x
- Operating Cash Flow Volatility: ±6.5%
Market Condition Risks
| Market Risk | Potential Consequence | Probability |
|---|---|---|
| Consumer Cord-Cutting | Revenue Reduction | 17.3% annual trend |
| Streaming Service Competition | Subscriber Attrition | 22.6% market pressure |
Future Growth Prospects for Cable One, Inc. (CABO)
Growth Opportunities
Cable One's growth strategy focuses on strategic expansion and operational efficiency in the telecommunications and broadband services market.
Key Growth Drivers
- Broadband subscriber base expansion
- Business services segment development
- Strategic technology investments
Financial Growth Metrics
| Metric | 2023 Value | Year-over-Year Growth |
|---|---|---|
| Total Revenue | $1.47 billion | 4.3% |
| Broadband Subscribers | 573,000 | 2.1% |
| Business Services Revenue | $249 million | 6.7% |
Strategic Expansion Initiatives
- Geographic market penetration in underserved regions
- Enhanced fiber-optic network infrastructure
- Advanced digital service offerings
Investment Highlights
Capital expenditure for network infrastructure: $254 million in 2023
Competitive Positioning
| Competitive Advantage | Current Status |
|---|---|
| Network Coverage | 21 states |
| Average Broadband Speed | 300 Mbps |
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