Shenandoah Telecommunications Co Common Stock (SHEN)

FairStock Score: 34/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

Fiber broadband can be a good business, but I want to see owner earnings. Shenandoah sells broadband, video, voice and fiber leasing in Virginia and nearby states, and revenue is moving up: fiscal 2025 revenue was $357.9M versus $328.1M in fiscal 2024. The problem is the bottom line. Fiscal 2025 produced a net loss of $32.9M, or diluted EPS -$0.71, after fiscal 2024 net income of $193.8M and fiscal 2023 net income of $8.0M. In fiscal Q1 2026, the quarter ended 2026-03-31, revenue was $92.2M but the net loss was $15.8M, or EPS -$0.31, wider than the $9.1M loss in fiscal Q1 2025, the quarter ended 2025-03-31. That is not a durable moat compounding cash. Free cash flow is deeply negative at -$227.3M trailing twelve months, a -39.1% FCF yield, and an Altman Z-score of 0.87 signals financial stress. Debt/equity of 0.77 is not extreme, but the cash burn is. At the 2026-10-13 close, FairStock shows P/B 0.68 and P/E -12.99; EV/EBITDA is 11.03, not a giveaway for a loss-making, cash-consuming telecom. The Lynch category is TURNAROUND—loss in the latest year after earlier profits. Turnarounds can pay, but only if losses narrow and cash flow inflects. Here the evidence is mixed: revenue grows, but losses and cash burn remain severe.

In plain English: Shenandoah Telecommunications provides broadband, video and voice services, mainly fiber-based, in several U.S. states. Revenue is growing, but the company is losing money and using a lot of cash, so the business looks financially weak. At $10.52, the stock trades below the value of its net assets and near the low end of its past year’s range, but the low price reflects those losses rather than a clear bargain.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · fiscal Q1 2025 10-Q (period ended 2025-03-31) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer