ARRAY DIGITAL INFRASTRUCTURE (AD) Fundamental Analysis & Valuation

NYSE:AD • US9116841084

Current stock price

45.42 USD
-1.37 (-2.93%)
At close:
45.418 USD
0 (0%)
After Hours:

This AD fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

3

1. AD Profitability Analysis

1.1 Basic Checks

  • In the past year AD was profitable.
  • In the past year AD had a positive cash flow from operations.
  • Of the past 5 years AD 4 years were profitable.
  • Each year in the past 5 years AD had a positive operating cash flow.
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 2025 0 500M -500M 1B -1B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 1.03%, AD is doing worse than 68.18% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 1.87%, AD is doing worse than 72.73% of the companies in the same industry.
  • The Return On Invested Capital of AD (1.38%) is worse than 77.27% of its industry peers.
Industry RankSector Rank
ROA 1.03%
ROE 1.87%
ROIC 1.38%
ROA(3y)0.39%
ROA(5y)0.59%
ROE(3y)0.74%
ROE(5y)1.26%
ROIC(3y)N/A
ROIC(5y)N/A
AD Yearly ROA, ROE, ROICAD Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2 4

1.3 Margins

  • AD has a worse Profit Margin (2.51%) than 68.18% of its industry peers.
  • In the last couple of years the Profit Margin of AD has grown nicely.
  • AD has a worse Operating Margin (4.10%) than 77.27% of its industry peers.
  • AD has a Gross Margin of 58.75%. This is comparable to the rest of the industry: AD outperforms 50.00% of its industry peers.
  • AD's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 4.1%
PM (TTM) 2.51%
GM 58.75%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y246.43%
PM growth 5Y39.45%
GM growth 3Y-0.96%
GM growth 5Y-1.62%
AD Yearly Profit, Operating, Gross MarginsAD Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50 -100

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. AD Health Analysis

2.1 Basic Checks

  • AD has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • AD has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, AD has more shares outstanding
  • 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 2025 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 2025 2B 4B 6B 8B 10B

2.2 Solvency

  • AD has an Altman-Z score of 1.83. This is not the best score and indicates that AD is in the grey zone with still only limited risk for bankruptcy at the moment.
  • The Altman-Z score of AD (1.83) is better than 81.82% of its industry peers.
  • AD has a debt to FCF ratio of 3.98. This is a good value and a sign of high solvency as AD would need 3.98 years to pay back of all of its debts.
  • The Debt to FCF ratio of AD (3.98) is better than 77.27% of its industry peers.
  • AD has a Debt/Equity ratio of 0.26. This is a healthy value indicating a solid balance between debt and equity.
  • AD's Debt to Equity ratio of 0.26 is fine compared to the rest of the industry. AD outperforms 68.18% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.26
Debt/FCF 3.98
Altman-Z 1.83
ROIC/WACC0.21
WACC6.6%
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 2025 0 1B -1B 2B 3B 4B

2.3 Liquidity

  • AD has a Current Ratio of 0.72. This is a bad value and indicates that AD is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Current ratio value of 0.72, AD is not doing good in the industry: 81.82% of the companies in the same industry are doing better.
  • A Quick Ratio of 0.72 indicates that AD may have some problems paying its short term obligations.
  • AD has a worse Quick ratio (0.72) than 81.82% of its industry peers.
Industry RankSector Rank
Current Ratio 0.72
Quick Ratio 0.72
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 2025 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

2

3. AD Growth Analysis

3.1 Past

  • The earnings per share for AD have decreased strongly by -69.93% in the last year.
  • AD shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -39.11% yearly.
  • AD shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -49.22%.
  • AD shows a very negative growth in Revenue. Measured over the last years, the Revenue has been decreasing by -47.37% yearly.
EPS 1Y (TTM)-69.93%
EPS 3Y-14.37%
EPS 5Y-39.11%
EPS Q2Q%767%
Revenue 1Y (TTM)-49.22%
Revenue growth 3Y-66.06%
Revenue growth 5Y-47.37%
Sales Q2Q%-93.78%

3.2 Future

  • AD is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 36.04% yearly.
  • The Revenue is expected to decrease by -46.09% on average over the next years. This is quite bad
EPS Next Y501.44%
EPS Next 2Y154.02%
EPS Next 3Y44.08%
EPS Next 5Y36.04%
Revenue Next Year28.22%
Revenue Next 2Y12.57%
Revenue Next 3Y-57.15%
Revenue Next 5Y-46.09%

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.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
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. AD Valuation Analysis

4.1 Price/Earnings Ratio

  • AD is valuated quite expensively with a Price/Earnings ratio of 216.29.
  • Based on the Price/Earnings ratio, AD is valued more expensive than 81.82% of the companies in the same industry.
  • AD's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 25.23.
  • AD is valuated quite expensively with a Price/Forward Earnings ratio of 35.37.
  • AD's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. AD is more expensive than 77.27% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of AD to the average of the S&P500 Index (23.28), we can say AD is valued expensively.
Industry RankSector Rank
PE 216.29
Fwd PE 35.37
AD Price Earnings VS Forward Price EarningsAD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100 150 200

4.2 Price Multiples

  • 81.82% of the companies in the same industry are cheaper than AD, based on the Enterprise Value to EBITDA ratio.
  • 68.18% of the companies in the same industry are cheaper than AD, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 23.16
EV/EBITDA 36.32
AD Per share dataAD EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

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.
  • A more expensive valuation may be justified as AD's earnings are expected to grow with 44.08% in the coming years.
PEG (NY)0.43
PEG (5Y)N/A
EPS Next 2Y154.02%
EPS Next 3Y44.08%

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

4

5. AD Dividend Analysis

5.1 Amount

  • AD has a Yearly Dividend Yield of 68.23%, which is a nice return.
  • AD's Dividend Yield is rather good when compared to the industry average which is at 6.70. AD pays more dividend than 100.00% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.91, AD pays a better dividend.
Industry RankSector Rank
Dividend Yield 68.23%

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

  • 4137.88% of the earnings are spent on dividend by AD. This is not a sustainable payout ratio.
DP4137.88%
EPS Next 2Y154.02%
EPS Next 3Y44.08%
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 2025 0 1B -1B
AD Dividend Payout.AD Dividend Payout, showing the Payout Ratio.AD Dividend Payout.PayoutRetained Earnings

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AD Fundamentals: All Metrics, Ratios and Statistics

ARRAY DIGITAL INFRASTRUCTURE

NYSE:AD (3/20/2026, 8:04:00 PM)

After market: 45.418 0 (0%)

45.42

-1.37 (-2.93%)

Chartmill FA Rating
GICS IndustryGroupTelecommunication Services
GICS IndustryWireless Telecommunication Services
Earnings (Last)02-20
Earnings (Next)N/A
Inst Owners34.15%
Inst Owner ChangeN/A
Ins Owners0.23%
Ins Owner Change48.4%
Market Cap3.92B
Revenue(TTM)1.91B
Net Income(TTM)48.01M
Analysts82.86
Price Target57.56 (26.73%)
Short Float %8.65%
Short Ratio4.82
Dividend
Industry RankSector Rank
Dividend Yield 68.23%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP4137.88%
Div Incr YearsN/A
Div Non Decr YearsN/A
Ex-Date01-23
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-205.02%
Min EPS beat(2)-406.8%
Max EPS beat(2)-3.25%
EPS beat(4)1
Avg EPS beat(4)-108.04%
Min EPS beat(4)-406.8%
Max EPS beat(4)18.48%
EPS beat(8)4
Avg EPS beat(8)-16.98%
EPS beat(12)6
Avg EPS beat(12)36.89%
EPS beat(16)8
Avg EPS beat(16)17.11%
Revenue beat(2)0
Avg Revenue beat(2)-94.31%
Min Revenue beat(2)-94.94%
Max Revenue beat(2)-93.69%
Revenue beat(4)0
Avg Revenue beat(4)-49.56%
Min Revenue beat(4)-94.94%
Max Revenue beat(4)-2.36%
Revenue beat(8)0
Avg Revenue beat(8)-26.49%
Revenue beat(12)0
Avg Revenue beat(12)-19.34%
Revenue beat(16)1
Avg Revenue beat(16)-15.22%
PT rev (1m)-3.97%
PT rev (3m)0.38%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 216.29
Fwd PE 35.37
P/S 2.05
P/FCF 23.16
P/OCF 19.54
P/B 1.53
P/tB 4.24
EV/EBITDA 36.32
EPS(TTM)0.21
EY0.46%
EPS(NY)1.28
Fwd EY2.83%
FCF(TTM)1.96
FCFY4.32%
OCF(TTM)2.32
OCFY5.12%
SpS22.16
BVpS29.72
TBVpS10.71
PEG (NY)0.43
PEG (5Y)N/A
Graham Number11.85
Profitability
Industry RankSector Rank
ROA 1.03%
ROE 1.87%
ROCE 1.75%
ROIC 1.38%
ROICexc 1.42%
ROICexgc 2.28%
OM 4.1%
PM (TTM) 2.51%
GM 58.75%
FCFM 8.85%
ROA(3y)0.39%
ROA(5y)0.59%
ROE(3y)0.74%
ROE(5y)1.26%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y246.43%
PM growth 5Y39.45%
GM growth 3Y-0.96%
GM growth 5Y-1.62%
F-Score8
Asset Turnover0.41
Health
Industry RankSector Rank
Debt/Equity 0.26
Debt/FCF 3.98
Debt/EBITDA 5.29
Cap/Depr 65.01%
Cap/Sales 1.64%
Interest Coverage 2.93
Cash Conversion 158.47%
Profit Quality 352.95%
Current Ratio 0.72
Quick Ratio 0.72
Altman-Z 1.83
F-Score8
WACC6.6%
ROIC/WACC0.21
Cap/Depr(3y)87.09%
Cap/Depr(5y)145.93%
Cap/Sales(3y)431.65%
Cap/Sales(5y)274.51%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-69.93%
EPS 3Y-14.37%
EPS 5Y-39.11%
EPS Q2Q%767%
EPS Next Y501.44%
EPS Next 2Y154.02%
EPS Next 3Y44.08%
EPS Next 5Y36.04%
Revenue 1Y (TTM)-49.22%
Revenue growth 3Y-66.06%
Revenue growth 5Y-47.37%
Sales Q2Q%-93.78%
Revenue Next Year28.22%
Revenue Next 2Y12.57%
Revenue Next 3Y-57.15%
Revenue Next 5Y-46.09%
EBIT growth 1Y-46.62%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year364.88%
EBIT Next 3Y54.28%
EBIT Next 5Y42.31%
FCF growth 1Y-48.02%
FCF growth 3YN/A
FCF growth 5Y17.09%
OCF growth 1Y-77.26%
OCF growth 3Y-37.74%
OCF growth 5Y-30.48%

ARRAY DIGITAL INFRASTRUCTURE / AD Fundamental Analysis 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 4 / 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 501.44% in the next year.