Shenandoah Telecommunications Co

SHEN Communication Services Telecom Services

Shenandoah Telecommunications Co’s revenue for fiscal 2025 (year ended December 2025) was $357.9 million, up 9.08% from fiscal 2024. In the quarter to June 2026, revenue grew 5.53%, EPS grew 10.5%, free cash flow grew 30.3% and total debt rose 39.7%, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for five; insiders bought in the last twelve months.

10.30 0.07 +0.68%
Market cap
$566.4M
P/E
0.0×
Fwd P/E
−16.6×
Dividend yield
1.07%
F-score
4/9
Altman Z
1.04
Beneish M
−2.87
Dividend safety
8/100

Insider Decisions trades per month

Total buys 0.07
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — 2 — — —
Sell — — — — — — — — — — — —
Insider Ownership 11.96%

Capital & Financial Ratios $m

Market Cap 566.38
Revenue 367.00
Net Income (38.21)
Free Cash Flow (226.57)
Net Debt 660.23
Current Ratio 0.85 (below 1: weak)
Debt/Equity 0.83
P/E ratio 0.00
Fwd P/E (16.60) (negative: loss-making)
P/S ratio 1.57
P/B ratio 0.67
Past 5Y EPS Growth —
This Y EPS Growth (24.08%) (below 0%: weak)
Next Y EPS Growth 26.28% (at or above 15%: strong)
Next Y revenue growth 4.76%
Next 5Y EPS Growth 17.41% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/S against its own 10 years 0.15%
10-year low 10-year high
P/B against its own 10 years 1.29%
10-year low 10-year high
EV/Sales against its own 10 years 12.02%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate 0.11
Annual Dividend Yield 1.07%
total individual payouts
2026 Powerpack
2025 0.11
0.11
2024 0.10
0.10
2023 0.09
0.09
2022 0.08
0.08
2021 18.82
18.75
18.75
0.07
2020 0.34
0.34
2019 0.29
0.29
2018 0.27
0.27
2017 0.26
0.26
2016 0.25
0.25
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 139 46 48 55
Receivables 24 31 34 24
Inventory — — — —
Other 1 — — —
176 95 97 93
2023 2024 2025 Q'26
Payables 54 58 61 58
ST’ Debt 7 9 — —
Other 16 16 17 18
98 115 108 110

Compound Annual Growth %

10y 5y 3y
Sales 0.44% 10.14% 12.86%
Cash Flow (1.65%) (19.72%) 10.48%
Earnings 0.00% 0.00% 0.00%
Book Value 11.75% 8.83% 11.35%

Revenue $m

Mar Jun Sep Dec Year
’26 92 93 — — —
’25 88 89 90 92 358
’24 69 86 88 85 328
’23 67 67 67 68 269
’22 64 66 67 52 249
’21 60 61 62 63 245
’20 53 54 55 58 221
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 24 24 — — —
’25 21 21 31 29 101
’24 15 3 24 21 63
’23 48 21 22 22 114
’22 16 23 17 19 75
’21 85 69 (1) (404) (251)
’20 61 68 98 76 303
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (51) (45) — — —
’25 (63) (65) (51) (79) (258)
’24 (55) (77) (51) (72) (254)
’23 (19) (46) (15) (44) (123)
’22 (30) (20) (26) (37) (113)
’21 45 29 (40) (445) (411)
’20 38 38 68 38 183
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 (0.31) (0.17) — — —
’25 (0.19) (0.19) (0.20) (0.10) (0.71)
’24 4.21 (0.24) (0.13) (0.05) 3.54
’23 0.04 0.04 0.03 0.05 0.16
’22 (0.01) (0.06) (0.05) (0.04) (0.17)
’21 1.03 1.07 17.81 0.03 19.92
’20 0.27 0.58 0.70 0.98 2.53
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 19.18 25.35 29.93 29.61 38.35 24.44 15.63 15.62 11.87 9.67

Analyst estimates 2026–2028

Powerpack
High 42.66 41.80 51.41 51.18 59.93 61.53 26.58 25.51 22.27 15.84
People
People Employees 1,236 1,066 1,029 1,130 1,139 860 842 845 1,089 1,041
Revenue/emp, $m 0.43 0.57 0.19 0.18 0.19 0.29 0.30 0.32 0.30 0.34
Income, $m
Income, $m Revenue 535 612 193 207 221 245 249 269 328 358
Gross margin, % 63.85 65.44 58.26 59.60 59.39 58.29 58.91 62.53 60.95 63.64
EBT 2 13 1 2 1 6 (19) 2 (38) (42)
EBT margin, % 0.36 2.17 0.38 0.94 0.27 2.54 (7.56) 0.56 (11.59) (11.70)
Net income (1) 66 47 56 126 999 (8) 8 194 (33)
Depreciation 148 183 45 47 49 56 66 63 98 132
Per share, $
Per share, $ Revenue 10.97 12.45 3.89 4.15 4.42 4.90 4.96 5.34 6.11 6.49
Earnings (0.02) 1.35 0.94 1.10 2.54 19.97 (0.17) 0.16 3.54 (0.71)
Cash flow 3.31 4.54 5.36 5.20 6.07 (5.02) 1.49 2.26 1.16 1.83
Capex (3.55) (2.98) (1.14) (1.35) (2.41) (3.19) (3.74) (4.70) (5.90) (6.51)
Free cash flow (0.24) 1.56 4.22 3.86 3.66 (8.21) (2.25) (2.45) (4.74) (4.68)
Book value 6.06 7.13 8.93 9.48 11.56 12.84 12.72 12.95 17.10 15.99
Shares, m 49 49 50 50 50 50 50 50 54 55
Valuation, ×
Valuation, × P/E 0.00 25.10 50.28 37.83 16.96 1.28 0.00 134.06 3.29 0.00
P/S 2.64 2.72 11.38 4.89 9.78 5.20 3.30 4.02 2.07 1.78
P/B 4.77 4.75 4.96 4.38 3.74 1.99 1.29 1.66 0.74 0.72
EV/Sales 4.12 3.93 14.93 6.35 12.23 5.09 3.42 4.61 3.19 3.43
EV/FCF (188.26) 31.49 13.77 14.00 14.77 (3.04) (7.56) (8.83) (4.12) (4.76)
Cash, $m
Cash, $m Operating cash flow 162 223 266 259 303 (251) 75 114 63 101
Capex (173) (146) (57) (67) (120) (160) (188) (237) (317) (359)
Free cash flow (12) 76 209 192 183 (411) (113) (123) (254) (258)
Balance, $m
Balance, $m Working capital (3) 35 122 88 199 99 32 78 (20) (11)
Total debt 829 822 770 720 736 56 75 300 417 628
Net debt 793 743 685 618 541 (28) 31 161 371 580
Shareholders’ equity 296 350 442 472 577 642 638 653 919 881
Returns, %
Returns, % ROA (0.08) 4.58 3.22 3.28 6.41 68.53 (0.90) 0.73 12.89 (2.16)
ROIC 1.29 2.66 (0.16) (0.08) (0.15) (0.25) (1.63) 0.01 (1.39) (0.99)
ROE (0.31) 20.55 11.76 12.14 23.95 163.83 (1.31) 1.25 24.23 (4.38)
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Shenandoah Telecommunications Co vs peers in Telecom Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
TV Grupo Televisa S.A. $1.3B — (loss-making) — (loss-making) +8.73% (above 0%: growing) n/m +17,441.71% (above 0%: growing) 38.75% 11.00% Compare
SIFY Sify Technologies Limited $851.1M — (loss-making) 728× +4.36% (above 0%: growing) n/m +32.06% (above 0%: growing) 39.59% 9.03% Compare
GLIBK GCI Liberty, Inc. - Series C GCI Group $822.1M — (loss-making) — 0.00% −57.45% (below 0%: shrinking) −77.36% (below 0%: shrinking) 47.51% 11.11% Compare
GLIBA Liberty Capital Corporation $818.6M — (loss-making) 6.5× 0.00% −57.45% (below 0%: shrinking) −77.36% (below 0%: shrinking) 47.51% 11.11% Compare
SHEN Shenandoah Telecommunications Co $566.4M — (loss-making) — (loss-making) +5.53% (above 0%: growing) n/m +30.29% (above 0%: growing) 65.01% (1.09%)
CCOI Cogent Communications Holdings, Inc. $427.7M — (loss-making) — (loss-making) −4.34% (below 0%: shrinking) n/m +288.37% (above 0%: growing) 46.93% 50.49% Compare
ATNI ATN International, Inc. $398.3M 2.5× 41.5× +1.77% (above 0%: growing) n/m +71.51% (above 0%: growing) 56.94% 129.93% Compare
OPTU Optimum Communications, Inc. $365.5M — (loss-making) — (loss-making) −5.75% (below 0%: shrinking) n/m −359.11% (below 0%: shrinking) 70.96% 8.21% Compare
GOGO Gogo Inc. $304.9M 2,130× 11.7× −1.43% (below 0%: shrinking) n/m −34.40% (below 0%: shrinking) 42.01% 13.31% Compare
Median of peers $623.2M — 26.6× 0.00% — −1.17% 47.22% 11.11%

All 55 Telecom Services stocks →

Shenandoah Telecommunications Co (SHEN) key facts

  • Strength: Shenandoah Telecommunications Co’s revenue for fiscal 2025 (year ended December 2025) was $357.9 million, up 9.08% from fiscal 2024.
  • Shenandoah Telecommunications Co (SHEN) is a Telecom Services company in the Communication Services sector, listed on Nasdaq.
  • As of October 16, 2026, SHEN traded at $10.30, a market capitalization of $566.4 million.
  • Shenandoah Telecommunications Co pays an annual dividend of $0.11 per share, a yield of 1.07%.
  • Return on equity was −4.38% and debt-to-equity 0.83.
  • Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 1.04 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Shenandoah Telecommunications Co (SHEN) Latest News

15 Jul

stockrow.com/SHEN · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com