Adtran Holdings, Inc.

Utilities
Telecommunications Equipment
www.adtran.com

Earnings Score
Moat Score

Market Cap $677.91M
PE -1
Debt $NaN
Cash $88.46M
EV $NaN
FCF $24.61M

Earnings

loading chart...

Sales & Net Margins

loading chart...

Earnings	-$515.95M
EBIT	-$439.58M
ROE	-241%
ROA	-35%
FCF	$24.61M
Equity	$213.99M
Growth Stability	-400%
PE	-1.31
PEG	16.77
PB	3.17
P/FCF	27.55
P/S	0.75
Price/Cash	0.13
Net Margins	-60%
Gross Margins	35%
Op. Margins	-49%
Earnings CAGR	-2%
Sales Growth YoY	-16%
Sales Growth QoQ	1%
Sales CAGR	7%
FCF CAGR	1%
Equity CAGR	-1%
Earnings Stability	0.03

Earnings Growth YoY	-62%
Earnings Growth QoQ	-39%
Earnings CAGR 5Y	-0%
Sales CAGR 5Y	25%
Equity CAGR 5Y	3%
Earnings CAGR 3Y	25%
Sales CAGR 3Y	25%
Equity CAGR 3Y	-21%
Market Cap	$677.91M
Revenue	$905.35M
Assets	$1.27B
Cash	$88.46M
Shares Outstanding	78.87M
Earnings Score	6%
Moat Score	1%
Working Capital	334.03M
Current Ratio	2.1
Gross Profit	$317.55M
Shares Growth 3y	24%
Equity Growth QoQ	-3%
Equity Growth YoY	-69%

Assets & ROA

loading chart...

Stockholders Equity & ROE

loading chart...

Adtran Incis a provider of networking and communications platforms, software, and services focused on the broadband access market.It operate under two reportable segments: Network Solutions, which includes hardware and software products, and Services & Support, which includes a portfolio of network implementation services, support services, and cloud-hosted SaaS applications that complement product portfolio and can be utilized to support other platforms as well. These two segments span across their three revenue categories: Access & Aggregation, Subscriber Solutions & Experience, and Traditional & Other Products.

SEC Filings

Direct access to Adtran Holdings, Inc. (ADTN) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Adtran Holdings, Inc. compare to its competitors?

Loading chart...

Peter Lynch's Chart

This chart shows the current pricing of Adtran Holdings, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR -2%

Stability 3%

loading chart...

Adtran Holdings, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Adtran Holdings, Inc..

Years

Calculation mode

= $259M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$25M	$25M	$25M	$25M	$25M	$26M	$26M	$26M	$26M	$26M	$26M	$265M
DCF		$23M	$21M	$19M	$17M	$16M	$15M	$13M	$12M	$11M	$10M	$102M
Value	$259M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	7%	3%	6%	4%	-4%	-10%	0%	-2%	-1%	-23%	-60%
ROA	-	4%	7%	7%	-5%	-5%	-1%	-1%	-4%	-13%	-35%
ROE	-	4%	7%	5%	-4%	-14%	1%	-2%	-1%	-45%	-241%

Bad Net Margins (-59.56%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	4.4	1.4	-0.49	0.56	-4.11	-	-	-0.4	-	-
Debt over Equity	0.06	0.06	0.06	0.06	0.06	0.13	-	-	0.02	-	-
Growth Stability	-	-	-	73%	-75%	-400%	-	-	-	-	-400%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Bad Graham’s Stability (-400%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-5%	6%	5%	-21%	0%	-4%	11%	82%	12%	25%
Earnings YoY growth	-	-58%	89%	-32%	-181%	174%	-104%	-463%	3%	3K%	-0%
Equity YoY growth	-	-13%	-0%	4%	-10%	-15%	-2%	-4%	265%	-54%	3%
FCF YoY growth	-	-85%	203%	-378%	-183%	-125%	92%	-88%	2K%	45%	-