ARRAY DIGITAL INFRASTRUCTURE (AD) Stock Fundamental Analysis

NYSE:AD • US9116841084

48.39 USD
-0.88 (-1.79%)
Last: Feb 23, 2026, 02:42 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

3

Overall AD gets a fundamental rating of 3 out of 10. We evaluated AD against 22 industry peers in the Wireless Telecommunication Services industry. AD scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. AD is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • AD had negative earnings in the past year.
  • AD had a positive operating cash flow in the past year.
  • Of the past 5 years AD 4 years were profitable.
  • AD had a positive operating cash flow in each of the past 5 years.
AD Yearly Net Income VS EBIT VS OCF VS FCFAD Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M 1B -1B

1.2 Ratios

  • AD has a Return On Assets of 0.32%. This is in the lower half of the industry: AD underperforms 68.18% of its industry peers.
  • The Return On Equity of AD (0.61%) is worse than 68.18% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 1.13%, AD is doing worse than 77.27% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for AD is significantly below the industry average of 7.11%.
  • The 3 year average ROIC (1.05%) for AD is below the current ROIC(1.13%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 0.32%
ROE 0.61%
ROIC 1.13%
ROA(3y)0.13%
ROA(5y)0.85%
ROE(3y)0.32%
ROE(5y)1.91%
ROIC(3y)1.05%
ROIC(5y)1.3%
AD Yearly ROA, ROE, ROICAD Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2 4

1.3 Margins

  • AD's Profit Margin of 0.55% is on the low side compared to the rest of the industry. AD is outperformed by 68.18% of its industry peers.
  • Looking at the Operating Margin, with a value of 2.22%, AD is doing worse than 77.27% of the companies in the same industry.
  • AD's Operating Margin has improved in the last couple of years.
  • AD has a Gross Margin (56.64%) which is comparable to the rest of the industry.
  • AD's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 2.22%
PM (TTM) 0.55%
GM 56.64%
OM growth 3Y-6.02%
OM growth 5Y3.54%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.86%
GM growth 5Y0.4%
AD Yearly Profit, Operating, Gross MarginsAD Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20 30 40 50

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AD is destroying value.
  • AD has about the same amout of shares outstanding than it did 1 year ago.
  • AD has less shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, AD has an improved debt to assets ratio.
AD Yearly Shares OutstandingAD Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M
AD Yearly Total Debt VS Total AssetsAD Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

2.2 Solvency

  • An Altman-Z score of 1.85 indicates that AD is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • AD's Altman-Z score of 1.85 is amongst the best of the industry. AD outperforms 81.82% of its industry peers.
  • AD has a debt to FCF ratio of 1.87. This is a very positive value and a sign of high solvency as it would only need 1.87 years to pay back of all of its debts.
  • AD's Debt to FCF ratio of 1.87 is amongst the best of the industry. AD outperforms 81.82% of its industry peers.
  • AD has a Debt/Equity ratio of 0.27. This is a healthy value indicating a solid balance between debt and equity.
  • The Debt to Equity ratio of AD (0.27) is better than 68.18% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.27
Debt/FCF 1.87
Altman-Z 1.85
ROIC/WACC0.14
WACC7.86%
AD Yearly LT Debt VS Equity VS FCFAD Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B -1B 2B 3B 4B

2.3 Liquidity

  • AD has a Current Ratio of 0.65. This is a bad value and indicates that AD is not financially healthy enough and could expect problems in meeting its short term obligations.
  • AD's Current ratio of 0.65 is on the low side compared to the rest of the industry. AD is outperformed by 81.82% of its industry peers.
  • A Quick Ratio of 0.65 indicates that AD may have some problems paying its short term obligations.
  • AD's Quick ratio of 0.65 is on the low side compared to the rest of the industry. AD is outperformed by 81.82% of its industry peers.
Industry RankSector Rank
Current Ratio 0.65
Quick Ratio 0.65
AD Yearly Current Assets VS Current LiabilitesAD Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

1

3. Growth

3.1 Past

  • AD shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -120.73%.
  • The earnings per share for AD have been decreasing by -13.19% on average. This is quite bad
  • The Revenue for AD has decreased by -25.64% in the past year. This is quite bad
  • Measured over the past years, AD shows a decrease in Revenue. The Revenue has been decreasing by -1.29% on average per year.
EPS 1Y (TTM)-120.73%
EPS 3Y-26.25%
EPS 5Y-13.19%
EPS Q2Q%-403.85%
Revenue 1Y (TTM)-25.64%
Revenue growth 3Y-2.93%
Revenue growth 5Y-1.29%
Sales Q2Q%-94.89%

3.2 Future

  • Based on estimates for the next years, AD will show a small growth in Earnings Per Share. The EPS will grow by 0.59% on average per year.
  • Based on estimates for the next years, AD will show a very negative growth in Revenue. The Revenue will decrease by -42.64% on average per year.
EPS Next Y52.32%
EPS Next 2Y34.48%
EPS Next 3Y24.73%
EPS Next 5Y0.59%
Revenue Next Year-26.47%
Revenue Next 2Y-2.9%
Revenue Next 3Y-2.33%
Revenue Next 5Y-42.64%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
AD Yearly Revenue VS EstimatesAD Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1B 2B 3B 4B
AD Yearly EPS VS EstimatesAD Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0 2 -2

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Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings Ratio is negative for AD. In the last year negative earnings were reported.
  • AD is valuated quite expensively with a Price/Forward Earnings ratio of 37.68.
  • 77.27% of the companies in the same industry are cheaper than AD, based on the Price/Forward Earnings ratio.
  • AD's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 28.02.
Industry RankSector Rank
PE N/A
Fwd PE 37.68
AD Price Earnings VS Forward Price EarningsAD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 -100 -200

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, AD is valued a bit more expensive than the industry average as 77.27% of the companies are valued more cheaply.
  • AD's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 11.58
EV/EBITDA 17.4
AD Per share dataAD EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • AD's earnings are expected to grow with 24.73% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y34.48%
EPS Next 3Y24.73%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. Dividend

5.1 Amount

  • AD has a Yearly Dividend Yield of 66.05%, which is a nice return.
  • AD's Dividend Yield is rather good when compared to the industry average which is at 6.15. AD pays more dividend than 100.00% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.81, AD pays a better dividend.
Industry RankSector Rank
Dividend Yield 66.05%

5.2 History

  • AD does not have a reliable dividend history as it only pays dividend since a couple or years.
Dividend Growth(5Y)N/A
Div Incr YearsN/A
Div Non Decr YearsN/A
AD Yearly Dividends per shareAD Yearly Dividends per shareYearly Dividends per share 2025 2026 5 10 15 20

5.3 Sustainability

DPN/A
EPS Next 2Y34.48%
EPS Next 3Y24.73%
AD Yearly Income VS Free CF VS DividendAD Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -500M -1B

More info and screens

Find the best dividend stocksShow peers with best dividend

ARRAY DIGITAL INFRASTRUCTURE

NYSE:AD (2/23/2026, 2:42:20 PM)

48.39

-0.88 (-1.79%)

Chartmill FA Rating
GICS IndustryGroupTelecommunication Services
GICS IndustryWireless Telecommunication Services
Earnings (Last)02-12
Earnings (Next)N/A
Inst Owners34.15%
Inst Owner ChangeN/A
Ins Owners0.23%
Ins Owner Change44.32%
Market Cap4.18B
Revenue(TTM)2.83B
Net Income(TTM)15.54M
Analysts82.86
Price Target59.94 (23.87%)
Short Float %7.96%
Short Ratio4.63
Dividend
Industry RankSector Rank
Dividend Yield 66.05%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr YearsN/A
Div Non Decr YearsN/A
Ex-Date01-23
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-194.16%
Min EPS beat(2)-406.8%
Max EPS beat(2)18.48%
EPS beat(4)2
Avg EPS beat(4)-59.48%
Min EPS beat(4)-406.8%
Max EPS beat(4)191.03%
EPS beat(8)5
Avg EPS beat(8)20.4%
EPS beat(12)7
Avg EPS beat(12)37.47%
EPS beat(16)9
Avg EPS beat(16)22.37%
Revenue beat(2)0
Avg Revenue beat(2)-48.65%
Min Revenue beat(2)-94.94%
Max Revenue beat(2)-2.36%
Revenue beat(4)0
Avg Revenue beat(4)-26.76%
Min Revenue beat(4)-94.94%
Max Revenue beat(4)-2.36%
Revenue beat(8)0
Avg Revenue beat(8)-14.95%
Revenue beat(12)0
Avg Revenue beat(12)-12.02%
Revenue beat(16)1
Avg Revenue beat(16)-9.54%
PT rev (1m)-2.95%
PT rev (3m)-21.75%
EPS NQ rev (1m)0%
EPS NQ rev (3m)81.25%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-3.47%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-24.6%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 37.68
P/S 1.48
P/FCF 11.58
P/OCF 7.97
P/B 1.65
P/tB 4.74
EV/EBITDA 17.4
EPS(TTM)-0.17
EYN/A
EPS(NY)1.28
Fwd EY2.65%
FCF(TTM)4.18
FCFY8.64%
OCF(TTM)6.08
OCFY12.55%
SpS32.7
BVpS29.28
TBVpS10.2
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 0.32%
ROE 0.61%
ROCE 1.43%
ROIC 1.13%
ROICexc 1.22%
ROICexgc 2.06%
OM 2.22%
PM (TTM) 0.55%
GM 56.64%
FCFM 12.78%
ROA(3y)0.13%
ROA(5y)0.85%
ROE(3y)0.32%
ROE(5y)1.91%
ROIC(3y)1.05%
ROIC(5y)1.3%
ROICexc(3y)1.07%
ROICexc(5y)1.37%
ROICexgc(3y)2.08%
ROICexgc(5y)2.45%
ROCE(3y)1.33%
ROCE(5y)1.64%
ROICexgc growth 3Y-6.62%
ROICexgc growth 5Y1.42%
ROICexc growth 3Y-9.23%
ROICexc growth 5Y-3.33%
OM growth 3Y-6.02%
OM growth 5Y3.54%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.86%
GM growth 5Y0.4%
F-Score7
Asset Turnover0.57
Health
Industry RankSector Rank
Debt/Equity 0.27
Debt/FCF 1.87
Debt/EBITDA 2.54
Cap/Depr 81.13%
Cap/Sales 5.8%
Interest Coverage 250
Cash Conversion 198.37%
Profit Quality 2324.6%
Current Ratio 0.65
Quick Ratio 0.65
Altman-Z 1.85
F-Score7
WACC7.86%
ROIC/WACC0.14
Cap/Depr(3y)121.94%
Cap/Depr(5y)166.9%
Cap/Sales(3y)20.71%
Cap/Sales(5y)28.01%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-120.73%
EPS 3Y-26.25%
EPS 5Y-13.19%
EPS Q2Q%-403.85%
EPS Next Y52.32%
EPS Next 2Y34.48%
EPS Next 3Y24.73%
EPS Next 5Y0.59%
Revenue 1Y (TTM)-25.64%
Revenue growth 3Y-2.93%
Revenue growth 5Y-1.29%
Sales Q2Q%-94.89%
Revenue Next Year-26.47%
Revenue Next 2Y-2.9%
Revenue Next 3Y-2.33%
Revenue Next 5Y-42.64%
EBIT growth 1Y-64.35%
EBIT growth 3Y-8.78%
EBIT growth 5Y2.21%
EBIT Next Year16799.3%
EBIT Next 3Y484.53%
EBIT Next 5Y95.74%
FCF growth 1Y65.65%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-41.61%
OCF growth 3Y3.26%
OCF growth 5Y4.05%

ARRAY DIGITAL INFRASTRUCTURE / AD FAQ

What is the ChartMill fundamental rating of ARRAY DIGITAL INFRASTRUCTURE (AD) stock?

ChartMill assigns a fundamental rating of 3 / 10 to AD.


What is the valuation status of ARRAY DIGITAL INFRASTRUCTURE (AD) stock?

ChartMill assigns a valuation rating of 2 / 10 to ARRAY DIGITAL INFRASTRUCTURE (AD). This can be considered as Overvalued.


What is the profitability of AD stock?

ARRAY DIGITAL INFRASTRUCTURE (AD) has a profitability rating of 3 / 10.


Can you provide the financial health for AD stock?

The financial health rating of ARRAY DIGITAL INFRASTRUCTURE (AD) is 5 / 10.


Can you provide the expected EPS growth for AD stock?

The Earnings per Share (EPS) of ARRAY DIGITAL INFRASTRUCTURE (AD) is expected to grow by 52.32% in the next year.