Cable One, Inc. (CABO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+52868.2%

$3,013.89

vs $5.69 price

Levered DCF

$5,357.36

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

-0.2

Distress zone

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-1.79×	140.36×	13.62×	17.92×	36.37×	43.06×	47.33×	28.3×
P/B	0.44×	1.13×	1.74×	2.41×	5.92×	8.77×	10.04×	6.01×
P/S	0.42×	1.29×	1.87×	2.46×	6.61×	9.89×	7.24×	4.35×
EV / EBITDA	151.99×	7.57×	7.15×	9.18×	17.83×	20.49×	19.31×	11.55×
Gross margin	51.3%	73.6%	73.7%	72.4%	71.6%	68.4%	66.7%	65.5%
Operating margin	26.5%	28.0%	31.4%	31.6%	28.4%	35.4%	26.6%	25.0%
Net margin	-23.7%	0.9%	13.4%	12.5%	18.2%	23.0%	15.3%	15.4%
Current ratio	0.4×	1.31×	1.69×	1.42×	1.86×	3.04×	0.96×	2.38×
Debt / equity	2.23×	2×	2.02×	2.2×	2.15×	1.46×	2.09×	1.5×
Interest coverage	3.06×	3.2×	3.1×	4.35×	4.02×	6.38×	4.33×	4.43×
Dividend yield	2.7%	3.3%	2.1%	1.6%	0.6%	0.4%	0.6%	0.9%
Payout ratio	-4.8%	468.9%	29.5%	31.1%	21.7%	18.6%	27.2%	26.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-24.9%	0.8%	12.4%	12.3%	16.3%	20.4%	21.2%	21.2%
Return on invested capital	5.9%	2.5%	6.6%	5.2%	5.9%	8.7%	7.9%	9.5%
Return on assets	-6.4%	0.2%	3.3%	3.1%	4.2%	6.8%	5.7%	7.2%
Free cash flow yield	43.1%	18.6%	9.3%	7.8%	3.0%	2.1%	2.8%	4.1%
Earnings yield	-56.0%	0.7%	7.1%	5.1%	2.7%	2.3%	2.1%	3.5%
Enterprise value	$3.7B	$5.5B	$6.6B	$7.8B	$14.1B	$14.7B	$10.1B	$5.6B
Net debt / EBITDA	125.69×	4.76×	3.75×	4.24×	4.39×	2.24×	3.12×	1.87×
Cash conversion cycle (days)	0	-15	-17	-15	-10	2	-21	-7