SHEN Stock Analysis: Shenandoah | NASDAQ
Telecom Services | NASDAQ, USA | Market Cap: 750m USD | 12M Return: -12% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 6.53M
Qual. Beats: -1
Rev. Trend: 95.5%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Shenandoah Telecommunications Company (SHEN) is a U.S. regional communications provider offering broadband internet, video, and voice services to residential and commercial customers across the Mid-Atlantic and Midwest, including Virginia, West Virginia, Maryland, Pennsylvania, Kentucky, Delaware, Ohio, and Indiana. The company delivers connectivity through fiber-to-the-premises under the Glo Fiber brand and hybrid fiber-coaxial cable under the Shentel brand, while serving enterprise and wholesale clients via Glo Fiber Business with Ethernet, wavelength, and dark fiber solutions. Headquartered in Edinburg, Virginia, the company traces its origins to 1902.
SHEN operates within the Communication Services sector and is classified as a Wireless Telecommunication Services provider, though its business model is primarily that of a regional wireline broadband operator, combining consumer fiber/cable broadband with B2B managed network services. Regional ISPs in this segment commonly pursue growth by overbuilding fiber in smaller markets and adjacent territories, a strategy that can require significant capital investment but supports higher-margin enterprise and wholesale revenue streams alongside residential subscriptions.
- Glo Fiber subscriber growth drives broadband segment revenue higher
- Legacy wireless revenue declines as T-Mobile reseller contract transitions complete
- Heavy fiber overbuild capex pressures near-term margins and free cash flow
| Net Income: -44.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.13 > 0.02 and ΔFCF/TA 1.83 > 1.0 |
| NWC/Revenue: 3.50% < 20% (prev 6.48%; Δ -2.98% < -1%) |
| CFO/TA 0.05 > 3% & CFO 104.4m > Net Income -44.6m |
| Net Debt (648.7m) to EBITDA (115.6m): 5.61 < 3 |
| Current Ratio: 1.12 > 1.5 & < 3 |
| Outstanding Shares: last quarter (55.6m) vs 12m ago 1.08% < -2% |
| Gross Margin: 45.05% > 18% (prev 61.02%; Δ -15.97% > 0.5%) |
| Asset Turnover: 19.17% > 50% (prev 18.99%; Δ 0.17% > 0%) |
| Interest Coverage Ratio: -0.72 > 6 (EBIT TTM -21.5m / Interest Expense TTM 29.9m) |
| A: 0.01 (Total Current Assets 114.2m - Total Current Liabilities 101.6m) / Total Assets 1.95b |
| B: 0.36 (Retained Earnings 706.2m / Total Assets 1.95b) |
| C: -0.01 (EBIT TTM -21.5m / Avg Total Assets 1.89b) |
| D: 0.87 (Book Value of Equity 867.0m / Total Liabilities 995.9m) |
| Altman-Z'' = 2.06 = BBB |
| DSRI: 0.85 (Receivables 27.3m/30.8m, Revenue 362.1m/346.7m) |
| GMI: 1.35 (GM 61.02% / 45.05%) |
| AQI: 0.95 (AQ_t 0.10 / AQ_t-1 0.10) |
| SGI: 1.04 (Revenue 362.1m / 346.7m) |
| TATA: -0.08 (NI -44.6m - CFO 104.4m) / TA 1.95b) |
| Beneish M = -2.84 (Cap -4..+1) = A |
As of July 10, 2026, the stock is trading at USD 12.66 with a total of 317,665 shares traded. Over the past week, the price has changed by -13.29%, over one month by -22.24%, over three months by -15.82% and over the past year by -12.01%.
Current recommended Stop Loss: 11.30 (which is 10.7% or 1.9 ATR below the current price).
Shenandoah has received a consensus analysts rating of 3.50. Therefore, it is recommended to hold SHEN.
- StrongBuy: 0
- Buy: 1
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 27.5 | 117.2% |
P/E Forward = 3.0469
P/S = 2.0701
P/B = 0.8653
P/EG = 0.8658
Revenue TTM = 362.1m USD
EBIT TTM = -21.5m USD
EBITDA TTM = 115.6m USD
Long Term Debt = 693.9m USD (from longTermDebt, last quarter)
Short Term Debt = 2.85m USD (from shortTermDebt, last quarter)
Debt = 719.8m USD (from shortLongTermDebtTotal, last quarter) + Leases 12.9m
Net Debt = 648.7m USD (calculated: Debt 719.8m - CCE 71.1m)
Enterprise Value = 1.40b USD (749.6m + Debt 719.8m - CCE 71.1m)
Interest Coverage Ratio = -0.72 (Ebit TTM -21.5m / Interest Expense TTM 29.9m)
EV/FCF = -5.66x (Enterprise Value 1.40b / FCF TTM -247.1m)
FCF Yield = -17.67% (FCF TTM -247.1m / Enterprise Value 1.40b)
FCF Margin = -68.23% (FCF TTM -247.1m / Revenue TTM 362.1m)
Net Margin = -12.31% (Net Income TTM -44.6m / Revenue TTM 362.1m)
Gross Margin = 45.05% ((Revenue TTM 362.1m - Cost of Revenue TTM 199.0m) / Revenue TTM)
Gross Margin QoQ = 27.52% (prev 64.98%)
Tobins Q-Ratio = 0.72 (Enterprise Value 1.40b / Total Assets 1.95b)
Interest Expense / Debt = 4.16% (Interest Expense 29.9m / Debt 719.8m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -17.0m (EBIT -21.5m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.12 (Total Current Assets 114.2m / Total Current Liabilities 101.6m)
Debt / Equity = 0.83 (Debt 719.8m / totalStockholderEquity, last quarter 867.0m)
Debt / EBITDA = 5.61 (Net Debt 648.7m / EBITDA 115.6m)
Debt / FCF = -2.63 (negative FCF - burning cash) (Net Debt 648.7m / FCF TTM -247.1m)
Total Stockholder Equity = 885.6m (last 4 quarters mean from totalStockholderEquity)
RoA = -2.36% (Net Income -44.6m / Total Assets 1.95b)
RoE = -5.04% (Net Income TTM -44.6m / Total Stockholder Equity 885.6m)
RoCE = -1.36% (EBIT -21.5m / Capital Employed (Equity 885.6m + L.T.Debt 693.9m))
RoIC = -0.93% (negative operating profit) (NOPAT -17.0m / Invested Capital 1.84b)
WACC = 5.84% (E(749.6m)/V(1.47b) * Re(8.30%) + D(719.8m)/V(1.47b) * Rd(4.16%) * (1-Tc(0.21)))
Discount Rate = 8.30% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 100.00 | Cagr: 3.90%
[DCF] Fair Price = unknown (Cash Flow -247.1m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.89 | # QB: -1
Revenue Correlation: 95.51 | Revenue CAGR: 13.37% | SUE: 0.47 | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.24 | Chg30d=-1.46% | Revisions=-25% | Analysts=2
EPS next Quarter (2026-09-30): EPS=-0.23 | Chg30d=-13.68% | Revisions=-25% | Analysts=2
EPS current Year (2026-12-31): EPS=-0.97 | Chg30d=-12.94% | Revisions=-25% | GrowthEPS=-37.1% | GrowthRev=+4.5%
EPS next Year (2027-12-31): EPS=-0.77 | Chg30d=N/A | Revisions=+0% | GrowthEPS=+21.1% | GrowthRev=+5.5%
[Analyst] Revisions Ratio: -50% (up=0, down=3)