(SHEN) Shenandoah - Overview

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US82312B1061

Stock: Broadband Internet, Video, Voice, Fiber, Ethernet

Total Rating 46

Risk 82

Buy Signal -0.18

Telecom Services » Wireless Telecommunication Services
Age: 26.8y

Market Cap: 652m
Avg Trading Vol: 3.12M USD

ATR: 3.39%
Peers RS (IBD): 20.00

EPS (Earnings per Share)

EPS CAGR: 1.35%
EPS Trend: -60.9%

Last SUE: 4.00
Qual. Beats: 1

Revenue

Rev. CAGR: 10.10%
Rev. Trend: 90.3%

Last SUE: 0.30
Qual. Beats: 0

Dividends

Dividend Yield	1.01%
Yield on Cost 5y	0.39%
Yield CAGR 5y	-72.35%
Payout Consistency	94.5%
Payout Ratio	128.6%

Risk 5d forecast
Volatility	44.5%
Relative Tail Risk	-3.85%

Reward TTM
Sharpe Ratio	0.26
Alpha	4.21

Character TTM
Beta	0.507
Beta Downside	0.541

Drawdowns 3y
Max DD	59.15%
CAGR/Max DD	-0.21

Description: SHEN Shenandoah December 25, 2025

Shenandoah Telecommunications Company (NASDAQ:SHEN) and its subsidiaries deliver broadband internet, video, and voice services across eight U.S. states, using a mix of fiber-to-the-home (Glo Fiber) and hybrid fiber-coaxial (Shentel) networks. The firm also offers high-speed Ethernet, dark-fiber leasing, and managed network solutions to enterprise and wholesale customers under the Glo Fiber Business brand, as well as DSL telephone services.

Key operating metrics (FY 2024) show total revenue of approximately $1.2 billion, a 5 % year-over-year increase driven largely by fiber subscriber growth (+12 % YoY) and higher enterprise leasing rates. EBITDA margin stabilized near 30 %, reflecting disciplined cost control amid a $150 million capital-expenditure program focused on expanding fiber footprints in underserved rural markets. The sector’s growth is underpinned by sustained demand for high-capacity connectivity as remote work and cloud-based services proliferate, while regulatory incentives for rural broadband deployment further support SHEN’s expansion strategy.

For a deeper, data-driven assessment of SHEN’s valuation and risk profile, you may find the analyst tools on ValueRay worth exploring.

Piotroski VR‑10 (Strict, 0-10) 3.0

Net Income: -31.8m TTM > 0 and > 6% of Revenue
FCF/TA: -0.14 > 0.02 and ΔFCF/TA -0.12 > 1.0
NWC/Revenue: -19.17% < 20% (prev -8.25%; Δ -10.92% < -1%)
CFO/TA 0.05 > 3% & CFO 92.8m > Net Income -31.8m
Net Debt (524.2m) to EBITDA (105.8m): 4.95 < 3
Current Ratio: 0.50 > 1.5 & < 3
Outstanding Shares: last quarter (55.1m) vs 12m ago 0.67% < -2%
Gross Margin: 52.71% > 18% (prev 0.62%; Δ 5209 % > 0.5%)
Asset Turnover: 19.84% > 50% (prev 18.32%; Δ 1.52% > 0%)
Interest Coverage Ratio: -0.96 > 6 (EBITDA TTM 105.8m / Interest Expense TTM 21.8m)

Altman Z'' 1.87

A: -0.04 (Total Current Assets 68.0m - Total Current Liabilities 135.4m) / Total Assets 1.85b
B: 0.40 (Retained Earnings 736.9m / Total Assets 1.85b)
C: -0.01 (EBIT TTM -21.0m / Avg Total Assets 1.77b)
D: 0.85 (Book Value of Equity 737.3m / Total Liabilities 870.8m)
Altman-Z'' Score: 1.87 = BBB

Beneish M -3.08

DSRI: 0.78 (Receivables 28.6m/32.5m, Revenue 351.7m/310.6m)
GMI: 1.17 (GM 52.71% / 61.57%)
AQI: 0.92 (AQ_t 0.10 / AQ_t-1 0.11)
SGI: 1.13 (Revenue 351.7m / 310.6m)
TATA: -0.07 (NI -31.8m - CFO 92.8m) / TA 1.85b)
Beneish M-Score: -3.08 (Cap -4..+1) = AA

What is the price of SHEN shares?

As of February 07, 2026, the stock is trading at USD 12.16 with a total of 617,343 shares traded.
Over the past week, the price has changed by +7.71%, over one month by +7.42%, over three months by +7.06% and over the past year by +6.41%.

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 from current
Wallstreet Target Price	26	113.8%
Analysts Target Price	26	113.8%
ValueRay Target Price	11.8	-3.3%

SHEN Fundamental Data Overview February 03, 2026

P/E Forward = 3.6036
P/S = 1.853
P/B = 0.73
P/EG = 14.44
Revenue TTM = 351.7m USD
EBIT TTM = -21.0m USD
EBITDA TTM = 105.8m USD
Long Term Debt = 524.0m USD (from longTermDebt, last quarter)
Short Term Debt = 12.9m USD (from shortTermDebt, last quarter)
Debt = 546.8m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 524.2m USD (from netDebt column, last quarter)
Enterprise Value = 1.18b USD (651.6m + Debt 546.8m - CCE 22.6m)
Interest Coverage Ratio = -0.96 (Ebit TTM -21.0m / Interest Expense TTM 21.8m)
EV/FCF = -4.68x (Enterprise Value 1.18b / FCF TTM -251.4m)
FCF Yield = -21.38% (FCF TTM -251.4m / Enterprise Value 1.18b)
FCF Margin = -71.48% (FCF TTM -251.4m / Revenue TTM 351.7m)
Net Margin = -9.05% (Net Income TTM -31.8m / Revenue TTM 351.7m)
Gross Margin = 52.71% ((Revenue TTM 351.7m - Cost of Revenue TTM 166.3m) / Revenue TTM)
Gross Margin QoQ = 63.94% (prev 23.53%)
Tobins Q-Ratio = 0.64 (Enterprise Value 1.18b / Total Assets 1.85b)
Interest Expense / Debt = 1.24% (Interest Expense 6.79m / Debt 546.8m)
Taxrate = 21.0% (US default 21%)
NOPAT = -16.6m (EBIT -21.0m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 0.50 (Total Current Assets 68.0m / Total Current Liabilities 135.4m)
Debt / Equity = 0.61 (Debt 546.8m / totalStockholderEquity, last quarter 892.7m)
Debt / EBITDA = 4.95 (Net Debt 524.2m / EBITDA 105.8m)
Debt / FCF = -2.09 (negative FCF - burning cash) (Net Debt 524.2m / FCF TTM -251.4m)
Total Stockholder Equity = 905.9m (last 4 quarters mean from totalStockholderEquity)
RoA = -1.79% (Net Income -31.8m / Total Assets 1.85b)
RoE = -3.51% (Net Income TTM -31.8m / Total Stockholder Equity 905.9m)
RoCE = -1.47% (EBIT -21.0m / Capital Employed (Equity 905.9m + L.T.Debt 524.0m))
RoIC = -1.18% (negative operating profit) (NOPAT -16.6m / Invested Capital 1.40b)
WACC = 4.68% (E(651.6m)/V(1.20b) * Re(7.78%) + D(546.8m)/V(1.20b) * Rd(1.24%) * (1-Tc(0.21)))
Discount Rate = 7.78% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 4.02%
Fair Price DCF = unknown (Cash Flow -251.4m)
EPS Correlation: -60.91 | EPS CAGR: 1.35% | SUE: 4.0 | # QB: 1
Revenue Correlation: 90.32 | Revenue CAGR: 10.10% | SUE: 0.30 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-0.23 | Chg30d=-0.090 | Revisions Net=+0 | Analysts=1
EPS next Year (2026-12-31): EPS=-1.01 | Chg30d=-0.330 | Revisions Net=+1 | Growth EPS=-38.4% | Growth Revenue=+5.0%

Additional Sources for SHEN Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Fund Manager Positions: Dataroma | Stockcircle