Altaba (NASDAQ: AABA) is one of 551 publicly-traded companies in the “Closed End Funds” industry, but how does it weigh in compared to its competitors? We will compare Altaba to similar businesses based on the strength of its valuation, risk, earnings, profitability, dividends, institutional ownership and analyst recommendations.
Risk and Volatility
Altaba has a beta of 1.87, suggesting that its share price is 87% more volatile than the S&P 500. Comparatively, Altaba’s competitors have a beta of 0.55, suggesting that their average share price is 45% less volatile than the S&P 500.
79.7% of Altaba shares are owned by institutional investors. Comparatively, 23.4% of shares of all “Closed End Funds” companies are owned by institutional investors. 24.0% of Altaba shares are owned by insiders. Comparatively, 4.2% of shares of all “Closed End Funds” companies are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.
Earnings and Valuation
This table compares Altaba and its competitors top-line revenue, earnings per share and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Altaba||$5.17 billion||-$214.32 million||-3,490.75|
|Altaba Competitors||$238.17 million||$45.26 million||122.40|
Altaba has higher revenue, but lower earnings than its competitors. Altaba is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.
This is a breakdown of current ratings and price targets for Altaba and its competitors, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
Altaba presently has a consensus target price of $52.53, suggesting a potential downside of 24.79%. As a group, “Closed End Funds” companies have a potential upside of 141.41%. Given Altaba’s competitors stronger consensus rating and higher possible upside, analysts clearly believe Altaba has less favorable growth aspects than its competitors.
This table compares Altaba and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
Altaba competitors beat Altaba on 9 of the 13 factors compared.
Altaba Company Profile
Altaba Inc. (the Fund), formerly Yahoo! Inc., is a non-diversified, closed-end management investment company. The Fund seeks to track the combined investment return of the Alibaba Shares and the Yahoo Japan Shares it owns. Alibaba Shares represent an approximate 15% equity interest in Alibaba Group Holding Limited (Alibaba), and its Yahoo Japan Corporation ((Yahoo Japa) Shares represent an approximate 36% equity interest in Yahoo Japan. In addition to the Alibaba Shares and the Yahoo Japan Shares, the Fund also owns the minority investments, all of the equity interests in Excalibur IP, LLC (which owns the Excalibur IP Assets) and the marketable debt securities portfolio. The Fund’s external investment advisors are BlackRock Advisors, LLC and Morgan Stanley Smith Barney LLC.
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