Shenandoah Telecommunications Company (SHEN) 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

-1867.5%

-$175.33

vs $9.92 price

Levered DCF

-$241.67

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

0.88

Distress zone

Rating

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	-16.28×	3.56×	135.13×	-93.41×	159.38×	822.24×	37.15×	47.07×
P/B	0.72×	0.74×	1.67×	1.25×	1.99×	3.74×	4.39×	4.96×
P/S	1.78×	2.06×	3.79×	3.2×	5.2×	9.78×	10.02×	3.48×
EV / EBITDA	10.87×	13.93×	17.25×	14.02×	20.63×	58.58×	60.23×	17.44×
Gross margin	26.9%	60.9%	63.1%	58.9%	58.3%	59.4%	59.6%	59.1%
Operating margin	-6.2%	-8.7%	3.3%	-7.0%	-1.0%	-1.2%	-0.6%	14.8%
Net margin	-11.0%	58.0%	2.8%	-3.4%	407.3%	56.9%	26.8%	7.4%
Current ratio	0.9×	0.82×	1.79×	1.33×	2.47×	1.16×	1.54×	2.37×
Debt / equity	0.73×	0.47×	0.54×	0.2×	0.09×	1.28×	1.62×	1.7×
Interest coverage	-0.87×	-1.8×	0×	-1.9×	0×	0×	-0.05×	2.68×
Dividend yield	1.0%	0.9%	0.4%	0.5%	73.7%	0.8%	0.7%	0.6%
Payout ratio	-16.4%	3.0%	56.3%	-47.6%	94.1%	13.1%	25.1%	27.6%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-4.5%	20.7%	1.2%	-1.3%	155.5%	21.8%	11.7%	10.5%
Return on invested capital	-1.0%	-1.3%	0.6%	-1.6%	-0.3%	-0.2%	-0.1%	4.9%
Return on assets	-2.1%	10.9%	0.7%	-0.9%	112.1%	6.2%	2.7%	3.1%
Free cash flow yield	-40.5%	-37.9%	-13.0%	-14.3%	-32.2%	7.7%	5.0%	5.9%
Earnings yield	-6.2%	28.1%	0.7%	-1.1%	78.3%	5.8%	2.7%	2.1%
Enterprise value	$1.3B	$1.1B	$1.3B	$882.2M	$1.2B	$2.7B	$2.7B	$2.9B
Net debt / EBITDA	5.34×	5.06×	2.83×	1.36×	-0.46×	11.77×	14.62×	4.06×
Cash conversion cycle (days)	-51	-130	-153	-102	-24	37	-46	10