CABLE ONE Reports Fourth Quarter FY2022 Results with Total Revenue of -77.2 Million and Net Income of 425.5 Million, Announced on February 23, 2023.
March 3, 2023
Earnings report
Cable One ($NYSE:CABO) reported their earnings results for the fourth quarter of FY2022, which ended on December 31, 2022. According to their report, the total revenue for the quarter was USD -77.2 million. This is a decrease of 219.1% compared to the same period in the prior year. Net income for the quarter was USD 425.5 million, which is a decrease of 1.6% from the same period one year ago.
This financial report was made on February 23, 2023, and announced on the same day. Overall, Cable One experienced a decrease in revenue and net income for the fourth quarter of FY2022, with a total revenue of -77.2 million and net income of 425.5 million. Despite the decrease in both categories, Cable One remains in a strong financial position, as reflected by their ability to still report net income.
Share Price
On February 23, 2023, CABLE ONE released its fourth quarter FY2022 results. Following the results being announced, CABLE ONE stock opened at $729.1 and closed at $726.0, down 0.9% from previous closing price of 732.8. Investors seemed to be unimpressed with the results and sold off shares accordingly. The company is likely to face further difficulties with unfavorable market conditions and expectations going into FY2023. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cable One. More…
| Total Revenues | Net Income | Net Margin |
| 1.71k | 234.12 | 13.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cable One. More…
| Operations | Investing | Financing |
| 738.04 | -448.27 | -463.43 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cable One. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.91k | 5.16k | 304.89 |
Key Ratios Snapshot
Some of the financial key ratios for Cable One are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.5% | 18.9% | 30.1% |
| FCF Margin | ROE | ROA |
| 19.2% | 17.5% | 4.6% |
Analysis
As GoodWhale, we have conducted an analysis of CABLE ONE‘s fundamentals. According to our Star Chart, CABLE ONE has been classified as ‘gorilla’, which means that the company has achieved stable and high revenue or earnings growth due to its strong competitive advantage. We believe that investors who are looking for dividend, growth and profitability with minimal assets would be interested in this company. Furthermore, CABLE ONE has a high health score of 8/10, based on its cashflows and debt, which indicates that the company is capable of providing stability in times of crisis and sustaining future operations. Therefore, we believe that this company is suitable for those investors who are looking for a stable and dependable return. More…
Peers
Cable One Inc is one of the leading telecommunications companies in the world. With a strong focus on innovative technology and excellent customer service, the company has established a strong presence in the market. Its main competitors are PT Link Net Tbk, HKBN Ltd, and Telenet Group Holding NV.
– PT Link Net Tbk ($IDX:LINK)
PT Link Net Tbk is a provider of high-speed broadband and cable television services in Indonesia. It has a market cap of 7.79T as of 2022 and a Return on Equity of 11.5%. The company offers its services to both residential and business customers. It has a wide network of over 1,000 kilometers of fiber optic cables that connect to more than 500,000 homes and businesses in Indonesia.
– HKBN Ltd ($SEHK:01310)
As of March 2022, HKBN Ltd had a market capitalization of $6.54 billion and a return on equity of 10.33%. HKBN Ltd is a telecommunications company that provides broadband, voice, and other communications services to residential and business customers in Hong Kong. The company has a fiber-to-the-home network that covers over 2.2 million residential homes and businesses in Hong Kong.
– Telenet Group Holding NV ($LTS:0GAF)
Telenet Group Holding NV is a leading provider of cable television, high-speed Internet, and fixed-line telephony services in Belgium. The company has a market capitalization of 1.68 billion as of 2022 and a return on equity of -91.64%. Telenet offers a wide range of services to its customers, including digital television, high-speed Internet, and fixed-line telephony. The company has a strong customer base and a large market share in Belgium.
Summary
Cable One is reporting a net income of 425.5 million USD for the period ended February 23, 2023, indicating a decrease of 1.6% compared to the same period last year. This indicates that financial performance has slightly declined since last year, offering investors insights into the company’s recent performance. It is essential for potential investors to monitor Cable One’s financial performance in order to evaluate their future prospects for investing in the company. A thorough analysis of the financial parameters of Cable One is necessary to make an informed investment decision.
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