Intrinsic value of Consolidated Communications Holdings - CNSL

Previous Close

$12.15

  Intrinsic Value

$37.35

stock screener

  Rating & Target

str. buy

+207%

Previous close

$12.15

 
Intrinsic value

$37.35

 
Up/down potential

+207%

 
Rating

str. buy

We calculate the intrinsic value of CNSL stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 0.9

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  42.60
  38.84
  35.46
  32.41
  29.67
  27.20
  24.98
  22.98
  21.19
  19.57
  18.11
  16.80
  15.62
  14.56
  13.60
  12.74
  11.97
  11.27
  10.64
  10.08
  9.57
  9.11
  8.70
  8.33
  8.00
  7.70
  7.43
  7.19
  6.97
  6.77
Revenue, $m
  1,512
  2,099
  2,843
  3,764
  4,881
  6,209
  7,760
  9,543
  11,565
  13,828
  16,332
  19,076
  22,055
  25,266
  28,702
  32,360
  36,232
  40,316
  44,607
  49,103
  53,802
  58,706
  63,815
  69,133
  74,663
  80,411
  86,385
  92,593
  99,045
  105,751
Variable operating expenses, $m
  1,276
  1,719
  2,281
  2,977
  3,820
  4,823
  5,994
  7,341
  8,867
  10,576
  12,333
  14,404
  16,654
  19,079
  21,674
  24,435
  27,359
  30,443
  33,683
  37,078
  40,627
  44,330
  48,188
  52,203
  56,379
  60,719
  65,231
  69,918
  74,790
  79,854
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  1,276
  1,719
  2,281
  2,977
  3,820
  4,823
  5,994
  7,341
  8,867
  10,576
  12,333
  14,404
  16,654
  19,079
  21,674
  24,435
  27,359
  30,443
  33,683
  37,078
  40,627
  44,330
  48,188
  52,203
  56,379
  60,719
  65,231
  69,918
  74,790
  79,854
Operating income, $m
  236
  379
  562
  787
  1,061
  1,386
  1,766
  2,202
  2,698
  3,252
  3,999
  4,671
  5,401
  6,187
  7,029
  7,924
  8,873
  9,873
  10,924
  12,025
  13,176
  14,376
  15,627
  16,930
  18,284
  19,692
  21,155
  22,675
  24,255
  25,897
EBITDA, $m
  743
  1,031
  1,397
  1,850
  2,399
  3,051
  3,814
  4,690
  5,684
  6,796
  8,027
  9,375
  10,840
  12,418
  14,107
  15,904
  17,808
  19,815
  21,924
  24,133
  26,443
  28,853
  31,364
  33,978
  36,696
  39,521
  42,457
  45,508
  48,679
  51,975
Interest expense (income), $m
  70
  164
  258
  380
  534
  726
  958
  1,234
  1,556
  1,927
  2,347
  2,817
  3,337
  3,907
  4,527
  5,194
  5,908
  6,668
  7,472
  8,321
  9,213
  10,147
  11,123
  12,142
  13,204
  14,309
  15,458
  16,652
  17,894
  19,184
  20,524
Earnings before tax, $m
  72
  122
  182
  253
  335
  428
  532
  646
  771
  905
  1,183
  1,334
  1,494
  1,661
  1,835
  2,017
  2,205
  2,400
  2,603
  2,812
  3,029
  3,253
  3,485
  3,726
  3,975
  4,234
  4,502
  4,781
  5,071
  5,373
Tax expense, $m
  19
  33
  49
  68
  90
  116
  144
  175
  208
  244
  319
  360
  403
  448
  495
  544
  595
  648
  703
  759
  818
  878
  941
  1,006
  1,073
  1,143
  1,216
  1,291
  1,369
  1,451
Net income, $m
  52
  89
  133
  185
  244
  312
  388
  472
  563
  661
  863
  974
  1,090
  1,212
  1,340
  1,472
  1,610
  1,752
  1,900
  2,053
  2,211
  2,375
  2,544
  2,720
  2,902
  3,091
  3,287
  3,490
  3,702
  3,922

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  5,304
  7,364
  9,975
  13,207
  17,126
  21,785
  27,227
  33,485
  40,578
  48,518
  57,305
  66,932
  77,387
  88,652
  100,710
  113,542
  127,130
  141,459
  156,515
  172,290
  188,781
  205,986
  223,913
  242,570
  261,974
  282,144
  303,106
  324,888
  347,526
  371,057
Adjusted assets (=assets-cash), $m
  5,304
  7,364
  9,975
  13,207
  17,126
  21,785
  27,227
  33,485
  40,578
  48,518
  57,305
  66,932
  77,387
  88,652
  100,710
  113,542
  127,130
  141,459
  156,515
  172,290
  188,781
  205,986
  223,913
  242,570
  261,974
  282,144
  303,106
  324,888
  347,526
  371,057
Revenue / Adjusted assets
  0.285
  0.285
  0.285
  0.285
  0.285
  0.285
  0.285
  0.285
  0.285
  0.285
  0.285
  0.285
  0.285
  0.285
  0.285
  0.285
  0.285
  0.285
  0.285
  0.285
  0.285
  0.285
  0.285
  0.285
  0.285
  0.285
  0.285
  0.285
  0.285
  0.285
Average production assets, $m
  3,728
  5,175
  7,010
  9,282
  12,036
  15,310
  19,135
  23,533
  28,519
  34,099
  40,275
  47,041
  54,388
  62,306
  70,780
  79,799
  89,348
  99,419
  110,000
  121,087
  132,677
  144,769
  157,368
  170,481
  184,118
  198,294
  213,026
  228,335
  244,245
  260,782
Working capital, $m
  -35
  -48
  -65
  -87
  -112
  -143
  -178
  -219
  -266
  -318
  -376
  -439
  -507
  -581
  -660
  -744
  -833
  -927
  -1,026
  -1,129
  -1,237
  -1,350
  -1,468
  -1,590
  -1,717
  -1,849
  -1,987
  -2,130
  -2,278
  -2,432
Total debt, $m
  3,683
  5,426
  7,635
  10,369
  13,685
  17,626
  22,230
  27,524
  33,525
  40,243
  47,676
  55,821
  64,665
  74,196
  84,397
  95,253
  106,748
  118,870
  131,608
  144,954
  158,905
  173,461
  188,626
  204,411
  220,826
  237,890
  255,624
  274,052
  293,203
  313,110
Total liabilities, $m
  4,487
  6,230
  8,438
  11,173
  14,488
  18,430
  23,034
  28,328
  34,329
  41,047
  48,480
  56,625
  65,469
  75,000
  85,201
  96,057
  107,552
  119,674
  132,412
  145,758
  159,708
  174,264
  189,430
  205,214
  221,630
  238,694
  256,427
  274,855
  294,007
  313,914
Total equity, $m
  817
  1,134
  1,536
  2,034
  2,637
  3,355
  4,193
  5,157
  6,249
  7,472
  8,825
  10,308
  11,918
  13,652
  15,509
  17,486
  19,578
  21,785
  24,103
  26,533
  29,072
  31,722
  34,483
  37,356
  40,344
  43,450
  46,678
  50,033
  53,519
  57,143
Total liabilities and equity, $m
  5,304
  7,364
  9,974
  13,207
  17,125
  21,785
  27,227
  33,485
  40,578
  48,519
  57,305
  66,933
  77,387
  88,652
  100,710
  113,543
  127,130
  141,459
  156,515
  172,291
  188,780
  205,986
  223,913
  242,570
  261,974
  282,144
  303,105
  324,888
  347,526
  371,057
Debt-to-equity ratio
  4.510
  4.780
  4.970
  5.100
  5.190
  5.250
  5.300
  5.340
  5.360
  5.390
  5.400
  5.420
  5.430
  5.430
  5.440
  5.450
  5.450
  5.460
  5.460
  5.460
  5.470
  5.470
  5.470
  5.470
  5.470
  5.480
  5.480
  5.480
  5.480
  5.480
Adjusted equity ratio
  0.154
  0.154
  0.154
  0.154
  0.154
  0.154
  0.154
  0.154
  0.154
  0.154
  0.154
  0.154
  0.154
  0.154
  0.154
  0.154
  0.154
  0.154
  0.154
  0.154
  0.154
  0.154
  0.154
  0.154
  0.154
  0.154
  0.154
  0.154
  0.154
  0.154

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  52
  89
  133
  185
  244
  312
  388
  472
  563
  661
  863
  974
  1,090
  1,212
  1,340
  1,472
  1,610
  1,752
  1,900
  2,053
  2,211
  2,375
  2,544
  2,720
  2,902
  3,091
  3,287
  3,490
  3,702
  3,922
Depreciation, amort., depletion, $m
  507
  652
  836
  1,063
  1,338
  1,666
  2,048
  2,488
  2,986
  3,544
  4,027
  4,704
  5,439
  6,231
  7,078
  7,980
  8,935
  9,942
  11,000
  12,109
  13,268
  14,477
  15,737
  17,048
  18,412
  19,829
  21,303
  22,833
  24,424
  26,078
Funds from operations, $m
  560
  741
  968
  1,247
  1,583
  1,978
  2,436
  2,960
  3,549
  4,205
  4,891
  5,678
  6,529
  7,443
  8,418
  9,452
  10,545
  11,694
  12,900
  14,162
  15,479
  16,852
  18,281
  19,768
  21,314
  22,920
  24,589
  26,324
  28,126
  30,000
Change in working capital, $m
  -10
  -14
  -17
  -21
  -26
  -31
  -36
  -41
  -47
  -52
  -58
  -63
  -69
  -74
  -79
  -84
  -89
  -94
  -99
  -103
  -108
  -113
  -118
  -122
  -127
  -132
  -137
  -143
  -148
  -154
Cash from operations, $m
  570
  754
  985
  1,269
  1,608
  2,009
  2,472
  3,001
  3,596
  4,257
  4,948
  5,741
  6,598
  7,517
  8,497
  9,536
  10,634
  11,788
  12,999
  14,265
  15,587
  16,964
  18,399
  19,890
  21,441
  23,052
  24,727
  26,467
  28,275
  30,155
Maintenance CAPEX, $m
  -261
  -373
  -518
  -701
  -928
  -1,204
  -1,531
  -1,914
  -2,353
  -2,852
  -3,410
  -4,027
  -4,704
  -5,439
  -6,231
  -7,078
  -7,980
  -8,935
  -9,942
  -11,000
  -12,109
  -13,268
  -14,477
  -15,737
  -17,048
  -18,412
  -19,829
  -21,303
  -22,833
  -24,424
New CAPEX, $m
  -1,114
  -1,448
  -1,835
  -2,272
  -2,754
  -3,274
  -3,825
  -4,398
  -4,986
  -5,580
  -6,175
  -6,766
  -7,347
  -7,917
  -8,475
  -9,018
  -9,550
  -10,070
  -10,582
  -11,087
  -11,590
  -12,092
  -12,599
  -13,113
  -13,637
  -14,176
  -14,732
  -15,309
  -15,910
  -16,538
Cash from investing activities, $m
  -1,375
  -1,821
  -2,353
  -2,973
  -3,682
  -4,478
  -5,356
  -6,312
  -7,339
  -8,432
  -9,585
  -10,793
  -12,051
  -13,356
  -14,706
  -16,096
  -17,530
  -19,005
  -20,524
  -22,087
  -23,699
  -25,360
  -27,076
  -28,850
  -30,685
  -32,588
  -34,561
  -36,612
  -38,743
  -40,962
Free cash flow, $m
  -806
  -1,066
  -1,367
  -1,705
  -2,074
  -2,469
  -2,884
  -3,311
  -3,743
  -4,175
  -4,637
  -5,052
  -5,454
  -5,840
  -6,208
  -6,560
  -6,896
  -7,217
  -7,525
  -7,822
  -8,112
  -8,396
  -8,677
  -8,959
  -9,244
  -9,535
  -9,835
  -10,145
  -10,469
  -10,808
Issuance/(repayment) of debt, $m
  1,342
  1,743
  2,209
  2,735
  3,315
  3,941
  4,604
  5,294
  6,001
  6,717
  7,434
  8,144
  8,844
  9,531
  10,201
  10,856
  11,495
  12,122
  12,738
  13,346
  13,951
  14,556
  15,166
  15,784
  16,416
  17,064
  17,733
  18,428
  19,151
  19,907
Issuance/(repurchase) of shares, $m
  190
  228
  269
  313
  359
  405
  450
  492
  530
  562
  490
  509
  520
  523
  517
  504
  483
  454
  419
  377
  329
  275
  216
  153
  86
  16
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  1,532
  1,971
  2,478
  3,048
  3,674
  4,346
  5,054
  5,786
  6,531
  7,279
  7,924
  8,653
  9,364
  10,054
  10,718
  11,360
  11,978
  12,576
  13,157
  13,723
  14,280
  14,831
  15,382
  15,937
  16,502
  17,080
  17,733
  18,428
  19,151
  19,907
Total cash flow (excl. dividends), $m
  726
  905
  1,111
  1,344
  1,600
  1,877
  2,170
  2,475
  2,788
  3,104
  3,287
  3,601
  3,910
  4,214
  4,510
  4,800
  5,082
  5,359
  5,631
  5,900
  6,168
  6,435
  6,705
  6,978
  7,257
  7,544
  7,899
  8,283
  8,683
  9,100
Retained Cash Flow (-), $m
  -243
  -317
  -402
  -498
  -603
  -717
  -838
  -964
  -1,092
  -1,223
  -1,353
  -1,483
  -1,610
  -1,735
  -1,857
  -1,976
  -2,093
  -2,207
  -2,319
  -2,429
  -2,540
  -2,650
  -2,761
  -2,873
  -2,988
  -3,106
  -3,228
  -3,355
  -3,486
  -3,624
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  3
  5
  6
  9
  11
  15
  19
  23
  29
  35
  41
  49
  57
  66
  76
  86
  97
  109
  121
  134
  147
  161
  176
  191
  207
  224
  241
  259
  278
  297
Cash available for distribution, $m
  484
  588
  709
  846
  997
  1,160
  1,332
  1,511
  1,695
  1,882
  1,933
  2,118
  2,300
  2,479
  2,653
  2,823
  2,990
  3,153
  3,313
  3,471
  3,628
  3,786
  3,944
  4,105
  4,269
  4,438
  4,671
  4,928
  5,197
  5,476
Discount rate, %
  11.70
  12.29
  12.90
  13.54
  14.22
  14.93
  15.68
  16.46
  17.29
  18.15
  19.06
  20.01
  21.01
  22.06
  23.17
  24.32
  25.54
  26.82
  28.16
  29.57
  31.04
  32.60
  34.23
  35.94
  37.73
  39.62
  41.60
  43.68
  45.87
  48.16
PV of cash for distribution, $m
  433
  466
  493
  509
  513
  503
  481
  447
  404
  355
  284
  237
  193
  152
  117
  87
  63
  44
  30
  20
  12
  8
  5
  3
  1
  1
  0
  0
  0
  0
Current shareholders' claim on cash, %
  81.9
  69.1
  59.6
  52.5
  47.0
  42.6
  39.1
  36.3
  34.0
  32.1
  30.7
  29.6
  28.6
  27.8
  27.1
  26.6
  26.1
  25.7
  25.4
  25.1
  24.9
  24.7
  24.6
  24.6
  24.5
  24.5
  24.5
  24.5
  24.5
  24.5

Consolidated Communications Holdings, Inc. is a holding company with operating subsidiaries that provide integrated communications services in consumer, commercial and carrier channels in California, Illinois, Iowa, Kansas, Minnesota, Missouri, North Dakota, Pennsylvania, South Dakota, Texas and Wisconsin. The Company operates as both an Incumbent Local Exchange Carrier (ILEC) and a Competitive Local Exchange Carrier (CLEC) dependent upon the territory served. The Company provides a range of services and products that include local and long-distance service, broadband Internet access, video services, Voice over Internet Protocol (VoIP), private line services, carrier grade access services, network capacity services over its regional fiber optic networks, cloud data services, data center and managed services, directory publishing, equipment sales and cloud data services. The Company markets services to its residential customers either individually or as a bundled package.

FINANCIAL RATIOS  of  Consolidated Communications Holdings (CNSL)

Valuation Ratios
P/E Ratio 41
Price to Sales 0.8
Price to Book 3.6
Price to Tangible Book
Price to Cash Flow 2.8
Price to Free Cash Flow 6.6
Growth Rates
Sales Growth Rate -4.3%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -6.7%
Cap. Spend. - 3 Yr. Gr. Rate 3.2%
Financial Strength
Quick Ratio 2
Current Ratio 0
LT Debt to Equity 805.3%
Total Debt to Equity 814%
Interest Coverage 2
Management Effectiveness
Return On Assets 2%
Ret/ On Assets - 3 Yr. Avg. 1%
Return On Total Capital 0.9%
Ret/ On T. Cap. - 3 Yr. Avg. 0.6%
Return On Equity 7.2%
Return On Equity - 3 Yr. Avg. 4.4%
Asset Turnover 0.4
Profitability Ratios
Gross Margin 56.5%
Gross Margin - 3 Yr. Avg. 58.6%
EBITDA Margin 38%
EBITDA Margin - 3 Yr. Avg. 36.9%
Operating Margin 10.9%
Oper. Margin - 3 Yr. Avg. 9.7%
Pre-Tax Margin 5.1%
Pre-Tax Margin - 3 Yr. Avg. 3.3%
Net Profit Margin 2%
Net Profit Margin - 3 Yr. Avg. 1.4%
Effective Tax Rate 60.5%
Eff/ Tax Rate - 3 Yr. Avg. 85.7%
Payout Ratio 520%

CNSL stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the CNSL stock intrinsic value calculation we used $1060 million for the last fiscal year's total revenue generated by Consolidated Communications Holdings. The default revenue input number comes from 2017 income statement of Consolidated Communications Holdings. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our CNSL stock valuation model: a) initial revenue growth rate of 42.6% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 11.7%, whose default value for CNSL is calculated based on our internal credit rating of Consolidated Communications Holdings, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Consolidated Communications Holdings.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of CNSL stock the variable cost ratio is equal to 88.2%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for CNSL stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 7% for Consolidated Communications Holdings.

Corporate tax rate of 27% is the nominal tax rate for Consolidated Communications Holdings. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the CNSL stock is equal to 0.3%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for CNSL are equal to 246.6%.

Life of production assets of 10 years is the average useful life of capital assets used in Consolidated Communications Holdings operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for CNSL is equal to -2.3%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $574 million for Consolidated Communications Holdings - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 71 million for Consolidated Communications Holdings is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Consolidated Communications Holdings at the current share price and the inputted number of shares is $0.9 billion.

RELATED COMPANIES Price Int.Val. Rating
T AT&T 31.10 74.57  str.buy
VZ Verizon Commun 50.62 50.64  hold
CTL CenturyLink 18.76 43.81  str.buy
CMCSA Comcast Cl A 34.30 45.20  buy
ALSK Alaska Communi 1.68 0.74  str.sell

COMPANY NEWS

▶ Consolidated Communications Launches Cloud Peer Connect   [Jun-13-18 03:26PM  GlobeNewswire]
▶ Consolidated Communications: 1Q Earnings Snapshot   [May-03-18 09:51AM  Associated Press]
▶ Consolidated Communications Announces Quarterly Dividend   [May-01-18 08:00AM  GlobeNewswire]
▶ Consolidated Communications Launches SD-WAN   [Apr-30-18 04:23PM  GlobeNewswire]
▶ New Strong Sell Stocks for April 4th   [Apr-04-18 09:18AM  Zacks]
▶ Consolidated Communications posts 4Q profit   [10:26AM  Associated Press]
▶ Consolidated Communications Announces Quarterly Dividend   [Feb-26-18 08:00AM  GlobeNewswire]
▶ Value-Adding Utilities Dividend Stocks To Buy Now   [Feb-09-18 07:02AM  Simply Wall St.]
▶ Consolidated Communications Launches On-site Secure   [Jan-29-18 02:16PM  GlobeNewswire]
▶ 7 Top Picks For 2018 And Their Corresponding ETFs   [Jan-05-18 01:37PM  Benzinga]
▶ Stocks That Fell to 3-Year Lows in the Week of Dec. 29   [Dec-31-17 09:52AM  GuruFocus.com]
▶ December Utilities Dividend Stock Picks   [Dec-10-17 07:02AM  Simply Wall St.]
▶ 3 Dicey Tech Dividends Up To 13.3% - Sell Now!   [Nov-12-17 08:12AM  Forbes]
▶ Consolidated Communications posts 3Q loss   [08:43AM  Associated Press]
▶ Consolidated Communications Announces Quarterly Dividend   [Oct-31-17 09:00AM  GlobeNewswire]
▶ Is Hormel a Good Dividend Stock?   [Aug-13-17 04:33PM  Motley Fool]
▶ Consolidated Communications posts 2Q loss   [Aug-04-17 02:36AM  Associated Press]
▶ Consolidated Communications Announces Quarterly Dividend   [Aug-01-17 10:00AM  GlobeNewswire]
▶ Consolidated Communications launches CCI All Access App   [Jul-28-17 11:00AM  GlobeNewswire]
▶ Consolidated Communications Completes FairPoint Acquisition   [Jul-03-17 01:00PM  GlobeNewswire]
Follow us on:   twitter   twitter   twitter   twitter

ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.