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Our Company Shenandoah Telecommunications Company and its subsidiaries ( Shentel , we , our , us , or the Company ), provide broadband services through its high speed, state-of-the-art fiber-optic and cable networks to customers in eight contiguous states in the eastern United States. The Company s services include: broadband internet, video and voice; high-speed Ethernet, dark fiber leasing; a…
The business is unprofitable at the operating level (-6.49% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 9.1%, steady but not accelerating.
Negative free cash flow of -$258M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$362M
▲ +9.1% YoY
Net Income (TTM)
-$40M
▼ -117.0% YoY
Op. Margin
-7.63%
▲ +2.2pp YoY
ROIC
-1.46%
▲ +0.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$247M
▼ -0.6% YoY
Op. Cash Flow (TTM)
$105M
▲ +61.4% YoY
Net Debt
$666M
Cash & Equiv.
$44M
5Y CAGR: +10.1%
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