(SHEN) Shenandoah - Overview

Sector: Communication ServicesIndustry: Telecom Services | Exchange NASDAQ (USA) | Currency USD | Market Cap: 817m | Total Return 20.8% in 12m

Stock Internet, Video, Voice, Network, Fiber
Total Rating 47
Risk 73
Buy Signal 0.19
Telecom Services -1.5
Wireless Telecommunication Services -6.9
Market Cap: 817m
Avg Trading Vol: 3.22M USD
ATR: 3.74%
Peers RS (IBD): 59.4
Risk 5d forecast
Volatility43.0%
Rel. Tail Risk-2.39%
Reward TTM
Sharpe Ratio0.54
Alpha0.63
Character TTM
Beta0.920
Beta Downside1.482
Drawdowns 3y
Max DD59.15%
CAGR/Max DD-0.12
EPS (Earnings per Share) EPS (Earnings per Share) of SHEN over the last years for every Quarter: "2021-03": 1.03, "2021-06": 1.07, "2021-09": 0.13, "2021-12": -0.06, "2022-03": -0.01, "2022-06": 0.03, "2022-09": -0.05, "2022-12": -0.04, "2023-03": 0.04, "2023-06": 0.04, "2023-09": 0.03, "2023-12": 0.05, "2024-03": -0.08, "2024-06": 0.01, "2024-09": -0.07, "2024-12": -0.1289, "2025-03": -0.1847, "2025-06": -0.19, "2025-09": -0.2, "2025-12": -0.1307, "2026-03": 0,
EPS CAGR: -3.58%
EPS Trend: -62.6%
Last SUE: 4.00
Qual. Beats: 2
Revenue Revenue of SHEN over the last years for every Quarter: 2021-03: 59.691, 2021-06: 60.7, 2021-09: 62.244, 2021-12: 62.604, 2022-03: 64.414, 2022-06: 66.021, 2022-09: 66.924, 2022-12: 70.012, 2023-03: 71.686, 2023-06: 66.644, 2023-09: 67.409, 2023-12: 67.913, 2024-03: 69.248, 2024-06: 85.799, 2024-09: 87.599, 2024-12: 85.412, 2025-03: 87.898, 2025-06: 88.568, 2025-09: 89.796, 2025-12: 91.592, 2026-03: null,
Rev. CAGR: 9.84%
Rev. Trend: 90.6%
Last SUE: 1.04
Qual. Beats: 1
Description: SHEN Shenandoah March 04, 2026

Shenandoah Telecommunications Co. (SHEN) provides broadband, video, and voice services across eight U.S. states. The company operates in the telecommunications sector, which is characterized by significant infrastructure investment.

SHEN delivers services via fiber optics (Glo Fiber) and hybrid fiber coaxial cable (Shentel) to residential and commercial clients. This dual-brand strategy allows for targeted market penetration and service differentiation.

Additionally, SHEN offers high-speed Ethernet, dark fiber leasing, and managed network services, including specialized fiber optic services for enterprise and wholesale customers under the Glo Fiber Business brand. These services cater to the growing demand for high-capacity data transmission in the business-to-business market.

For more detailed financial analysis, consider exploring ValueRays comprehensive reports on SHEN.

Headlines to Watch Out For
  • Glo Fiber expansion drives broadband subscriber growth
  • Shentel cable modem subscriber retention impacts revenue
  • Fiber optic network construction costs affect profitability
  • Rural broadband subsidies influence infrastructure investment
Piotroski VR‑10 (Strict, 0-10) 2.0
Net Income: -36.4m TTM > 0 and > 6% of Revenue
FCF/TA: -0.14 > 0.02 and ΔFCF/TA 0.31 > 1.0
NWC/Revenue: -3.09% < 20% (prev -6.11%; Δ 3.02% < -1%)
CFO/TA 0.04 > 3% & CFO 83.3m > Net Income -36.4m
Net Debt (593.5m) to EBITDA (115.1m): 5.15 < 3
Current Ratio: 0.90 > 1.5 & < 3
Outstanding Shares: last quarter (55.2m) vs 12m ago 0.64% < -2%
Gross Margin: 53.83% > 18% (prev 0.61%; Δ 5.32k% > 0.5%)
Asset Turnover: 19.60% > 50% (prev 18.85%; Δ 0.75% > 0%)
Interest Coverage Ratio: -0.65 > 6 (EBITDA TTM 115.1m / Interest Expense TTM 25.4m)
Altman Z'' 1.94
A: -0.01 (Total Current Assets 97.4m - Total Current Liabilities 108.5m) / Total Assets 1.91b
B: 0.38 (Retained Earnings 723.6m / Total Assets 1.91b)
C: -0.01 (EBIT TTM -16.5m / Avg Total Assets 1.83b)
D: 0.77 (Book Value of Equity 723.6m / Total Liabilities 941.5m)
Altman-Z'' Score: 1.94 = BBB
Beneish M -2.94
DSRI: 1.01 (Receivables 34.0m/31.0m, Revenue 357.9m/328.1m)
GMI: 1.13 (GM 53.83% / 60.95%)
AQI: 0.93 (AQ_t 0.10 / AQ_t-1 0.11)
SGI: 1.09 (Revenue 357.9m / 328.1m)
TATA: -0.06 (NI -36.4m - CFO 83.3m) / TA 1.91b)
Beneish M-Score: -2.94 (Cap -4..+1) = A
What is the price of SHEN shares? As of March 31, 2026, the stock is trading at USD 15.04 with a total of 237,659 shares traded.
Over the past week, the price has changed by +2.94%, over one month by +10.34%, over three months by +29.43% and over the past year by +20.83%.
Is SHEN a buy, sell or hold? Shenandoah has received a consensus analysts rating of 3.50. Therefor, it is recommend to hold SHEN.
  • StrongBuy: 0
  • Buy: 1
  • Hold: 1
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the SHEN price?
ISSUER TARGET UP/DOWN
Wallstreet Target Price 26 72.9%
Analysts Target Price 26 72.9%
SHEN Fundamental Data Overview March 27, 2026
P/E Forward = 3.6036
P/S = 2.2825
P/B = 0.9274
P/EG = 0.8658
Revenue TTM = 357.9m USD
EBIT TTM = -16.5m USD
EBITDA TTM = 115.1m USD
Long Term Debt = 628.2m USD (from longTermDebt, last quarter)
Short Term Debt = 2.82m USD (from shortTermDebt, last quarter)
Debt = 641.7m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 593.5m USD (from netDebt column, last quarter)
Enterprise Value = 1.41b USD (816.8m + Debt 641.7m - CCE 48.2m)
Interest Coverage Ratio = -0.65 (Ebit TTM -16.5m / Interest Expense TTM 25.4m)
EV/FCF = -5.12x (Enterprise Value 1.41b / FCF TTM -275.7m)
FCF Yield = -19.55% (FCF TTM -275.7m / Enterprise Value 1.41b)
FCF Margin = -77.03% (FCF TTM -275.7m / Revenue TTM 357.9m)
Net Margin = -10.17% (Net Income TTM -36.4m / Revenue TTM 357.9m)
Gross Margin = 53.83% ((Revenue TTM 357.9m - Cost of Revenue TTM 165.2m) / Revenue TTM)
Gross Margin QoQ = 64.98% (prev 63.94%)
Tobins Q-Ratio = 0.74 (Enterprise Value 1.41b / Total Assets 1.91b)
Interest Expense / Debt = 1.20% (Interest Expense 7.69m / Debt 641.7m)
Taxrate = 21.0% (US default 21%)
NOPAT = -13.0m (EBIT -16.5m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 0.90 (Total Current Assets 97.4m / Total Current Liabilities 108.5m)
Debt / Equity = 0.73 (Debt 641.7m / totalStockholderEquity, last quarter 880.8m)
Debt / EBITDA = 5.15 (Net Debt 593.5m / EBITDA 115.1m)
 Debt / FCF = -2.15 (negative FCF - burning cash) (Net Debt 593.5m / FCF TTM -275.7m)
 Total Stockholder Equity = 896.5m (last 4 quarters mean from totalStockholderEquity)
RoA = -1.99% (Net Income -36.4m / Total Assets 1.91b)
RoE = -4.06% (Net Income TTM -36.4m / Total Stockholder Equity 896.5m)
RoCE = -1.08% (EBIT -16.5m / Capital Employed (Equity 896.5m + L.T.Debt 628.2m))
 RoIC = -0.90% (negative operating profit) (NOPAT -13.0m / Invested Capital 1.44b)
 WACC = 5.58% (E(816.8m)/V(1.46b) * Re(9.22%) + D(641.7m)/V(1.46b) * Rd(1.20%) * (1-Tc(0.21)))
Discount Rate = 9.22% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 4.02%
 [DCF] Fair Price = unknown (Cash Flow -275.7m)
 EPS Correlation: -62.57 | EPS CAGR: -3.58% | SUE: 4.0 | # QB: 2
Revenue Correlation: 90.57 | Revenue CAGR: 9.84% | SUE: 1.04 | # QB: 1
EPS next Quarter (2026-06-30): EPS=-0.24 | Chg7d=+0.020 | Chg30d=+0.020 | Revisions Net=-1 | Analysts=1
EPS current Year (2026-12-31): EPS=-0.86 | Chg7d=+0.049 | Chg30d=+0.049 | Revisions Net=-1 | Growth EPS=-21.4% | Growth Revenue=+5.0%
Additional Sources for SHEN Stock Fund Manager Positions: Dataroma · Stockcircle