Cable One Inc
CABO—
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Cable One Inc AI Insights
Informational only. Not investment advice.Snapshot
- Tangible book value is -1.4B with goodwill/intangibles at 2.8B (199% of equity) - severe impairment risk if cable valuations deteriorate further.[Tangible Book Value]
- Net loss of -454M TTM (net margin -29.8%) vs industry median +6.6% - operating model broken despite 74% gross margins.[Net Margin TTM]
- Debt/equity of 2.3x with 3.3B total debt vs 597M market cap - equity is a call option on turnaround.[Debt to Equity]
Watch Triggers
- EBITDA TTM: Falls below 130M (interest expense level) — Would signal inability to service debt, forcing restructuring or dilutive equity raise.
- Free Cash Flow TTM: Turns negative or falls below 150M — FCF is only lifeline - loss would accelerate liquidity crisis timeline.
- Total Revenue TTM: Declines more than 5% YoY — High operating leverage means revenue decline flows directly to cash flow.
Bull Case
Trading at 0.39x P/S and 0.42x P/B - if FCF stabilizes at 300M annually, 2x P/FCF implies 100%+ upside in M&A scenario.
P/S RatioP/B RatioFree Cash Flow TTM
Gross margin 73.9% vs industry 59.5% shows infrastructure value; operating leverage exists if revenue stabilizes.
Gross Margin TTMOperating Margin TTM
Bear Case
EPS declined -41% 1Y, -26% 3Y CAGR, -15% 5Y CAGR - secular decline accelerating as cord-cutting intensifies.
EPS Growth 1yrEPS Growth 3yrEPS Growth 5yr
Interest expense (133M) nearly equals EBITDA (145M) - 0.9x coverage leaves zero margin for further deterioration.
Interest ExpenseEBITDA TTM
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
30%
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Forward Thesis
FCF of 298M TTM (P/FCF 2.0x) provides runway despite losses, but debt maturities will force action within 18 months.
1-3ymed
- 593M current debt due near-term
- Interest expense 133M vs 146M EBITDA
- Cash burn accelerating with -454M net loss
FCF TTM 298M vs market cap 597MCurrent debt 594M, long-term 2.7BCash only 167M
Valuation Context
Caveats
CABO Fundamentals
Information → Telecommunications
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$232.53M | — | ||
$3.18B | — | ||
0.00 | — | ||
$1.47B | -5.3% | — | |
$-57.55 | -14.9% | — | |
25.7% | -2.1% | — | |
-21.9% | -20.6% | — | |
$275.88M | -15.1% | — | |
-19.9% | -18.8% | — | |
Beta 5Y (Monthly) | unknown | — |
CABO Dividend History
38 dividends
2025
$2.950002/18/25$2.9500
2024
$11.800012/03/24$2.9500
08/27/24$2.9500
05/24/24$2.9500
02/16/24$2.9500
2023
$11.600011/27/23$2.9500
08/28/23$2.9500
05/26/23$2.8500
02/17/23$2.8500
2022
$11.200011/28/22$2.8500
08/29/22$2.8500
05/27/22$2.7500
02/14/22$2.7500
2021
$10.500011/29/21$2.7500
08/30/21$2.7500
05/28/21$2.5000
02/12/21$2.5000
2020
$9.500011/23/20$2.5000
08/17/20$2.5000
05/22/20$2.2500
02/14/20$2.2500
2019
$8.500011/18/19$2.2500
08/19/19$2.2500
05/24/19$2.0000
02/15/19$2.0000
2018
$7.500011/19/18$2.0000
08/20/18$2.0000
05/21/18$1.7500
02/16/18$1.7500
2017
$6.500011/20/17$1.7500
08/11/17$1.7500
05/12/17$1.5000
02/16/17$1.5000
2016
$6.000011/10/16$1.5000
08/12/16$1.5000
05/13/16$1.5000
02/11/16$1.5000
2015
$1.500011/13/15$1.5000
CABO Stock Splits
No stock splits
CABO SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
04/30/26 | 03/31/26 | 10-Q | |
02/26/26 | 12/31/25 | 10-K | |
11/07/25 | 09/30/25 | 10-Q | |
08/01/25 | 06/30/25 | 10-Q | |
05/02/25 | 03/31/25 | 10-Q | |
02/28/25 | 12/31/24 | 10-K | |
11/08/24 | 09/30/24 | 10-Q | |
08/02/24 | 06/30/24 | 10-Q | |
10/02/24 | 06/30/24 | 10-Q/A | |
10/02/24 | 03/31/24 | 10-Q/A | |
05/03/24 | 03/31/24 | 10-Q | |
02/23/24 | 12/31/23 | 10-K | |
11/03/23 | 09/30/23 | 10-Q | |
08/04/23 | 06/30/23 | 10-Q | |
10/02/24 | 06/30/23 | 10-Q/A | |
05/05/23 | 03/31/23 | 10-Q | |
10/02/24 | 03/31/23 | 10-Q/A | |
02/24/23 | 12/31/22 | 10-K | |
11/04/22 | 09/30/22 | 10-Q | |
08/05/22 | 06/30/22 | 10-Q | |
05/06/22 | 03/31/22 | 10-Q | |
02/25/22 | 12/31/21 | 10-K | |
10/02/24 | 12/31/21 | 10-K/A | |
11/05/21 | 09/30/21 | 10-Q | |
08/09/21 | 06/30/21 | 10-Q | |
05/07/21 | 03/31/21 | 10-Q | |
02/26/21 | 12/31/20 | 10-K | |
11/06/20 | 09/30/20 | 10-Q | |
08/07/20 | 06/30/20 | 10-Q | |
05/11/20 | 03/31/20 | 10-Q | |
02/28/20 | 12/31/19 | 10-K | |
11/08/19 | 09/30/19 | 10-Q | |
08/08/19 | 06/30/19 | 10-Q | |
05/10/19 | 03/31/19 | 10-Q | |
02/28/19 | 12/31/18 | 10-K | |
11/08/18 | 09/30/18 | 10-Q | |
08/09/18 | 06/30/18 | 10-Q | |
05/09/18 | 03/31/18 | 10-Q | |
03/01/18 | 12/31/17 | 10-K | |
11/08/17 | 09/30/17 | 10-Q | |
08/08/17 | 06/30/17 | 10-Q | |
05/05/17 | 03/31/17 | 10-Q | |
03/01/17 | 12/31/16 | 10-K | |
11/04/16 | 09/30/16 | 10-Q | |
08/04/16 | 06/30/16 | 10-Q | |
05/05/16 | 03/31/16 | 10-Q | |
03/07/16 | 12/31/15 | 10-K | |
11/16/15 | 09/30/15 | 10-Q | |
08/07/15 | 06/30/15 | 10-Q | |
06/04/15 | 03/31/15 | 10-12B/A | |
06/04/15 | 12/31/14 | 10-12B/A | |
11/16/15 | 09/30/14 | 10-Q | |
08/07/15 | 06/30/14 | 10-Q | |
06/04/15 | 03/31/14 | 10-12B/A |