ARRAY DIGITAL INFRASTRUCTURE (AD) Fundamental Analysis & Valuation

NYSE:AD • US9116841084

Current stock price

49.54 USD
-0.05 (-0.1%)
Last:

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.
  • AD had a positive operating cash flow in the past year.
  • Of the past 5 years AD 4 years were profitable.
  • In the past 5 years AD always reported a positive cash flow from operatings.
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

  • With a Return On Assets value of 1.03%, AD is not doing good in the industry: 68.18% of the companies in the same industry are doing better.
  • 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.
  • AD's Return On Invested Capital of 1.38% is on the low side compared to the rest of the industry. AD is outperformed by 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 63.64% of its industry peers.
  • AD's Profit Margin has improved in the last couple of years.
  • With a Operating Margin value of 4.10%, AD is not doing good in the industry: 77.27% of the companies in the same industry are doing better.
  • AD's Gross Margin of 58.75% is in line compared to the rest of the industry. AD outperforms 50.00% of its industry peers.
  • In the last couple of years the Gross Margin of AD has declined.
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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4

2. AD Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AD is destroying value.
  • Compared to 1 year ago, AD has more shares outstanding
  • AD has more shares outstanding than it did 5 years ago.
  • AD has a better debt/assets ratio than last year.
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 1.90. 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.
  • AD has a better Altman-Z score (1.90) than 81.82% of its industry peers.
  • The Debt to FCF ratio of AD is 3.98, which is a good value as it means it would take AD, 3.98 years of fcf income to pay off all of its debts.
  • AD has a Debt to FCF ratio of 3.98. This is in the better half of the industry: AD outperforms 72.73% 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 has a Debt to Equity ratio of 0.26. This is in the better half of the industry: AD outperforms 68.18% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.26
Debt/FCF 3.98
Altman-Z 1.9
ROIC/WACC0.21
WACC6.65%
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

  • A Current Ratio of 0.72 indicates that AD may have some problems paying 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 Quick ratio of 0.72. This is amonst the worse of the industry: AD underperforms 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.
  • The earnings per share for AD have been decreasing by -39.11% on average. This is quite bad
  • 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

  • The Earnings Per Share is expected to grow by 36.04% on average over the next years. This is a very strong growth
  • Based on estimates for the next years, AD will show a very negative growth in Revenue. The Revenue will decrease by -46.09% on average per year.
EPS Next Y1438.97%
EPS Next 2Y139.6%
EPS Next 3Y68.22%
EPS Next 5Y36.04%
Revenue Next Year-92.37%
Revenue Next 2Y-73.01%
Revenue Next 3Y-58.06%
Revenue Next 5Y-46.09%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • 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

3

4. AD Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 235.90, AD can be considered very expensive at the moment.
  • AD's Price/Earnings ratio is rather expensive when compared to the industry. AD is 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 27.95.
  • AD is valuated correctly with a Price/Forward Earnings ratio of 15.08.
  • The rest of the industry has a similar Price/Forward Earnings ratio as AD.
  • When comparing the Price/Forward Earnings ratio of AD to the average of the S&P500 Index (38.68), we can say AD is valued rather cheaply.
Industry RankSector Rank
PE 235.9
Fwd PE 15.08
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AD indicates a rather expensive valuation: AD more expensive than 81.82% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, AD is valued a bit more expensive than the industry average as 77.27% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF 25.27
EV/EBITDA 38.25
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

  • AD's 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 68.22% in the coming years.
PEG (NY)0.16
PEG (5Y)N/A
EPS Next 2Y139.6%
EPS Next 3Y68.22%

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

4

5. AD Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 66.35%, AD is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 6.11, AD pays a better dividend. On top of this AD pays more dividend than 100.00% of the companies listed 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 66.35%

5.2 History

  • AD is new to the dividend game and has less than 3 years of track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
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 2Y139.6%
EPS Next 3Y68.22%
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 (4/21/2026, 12:34:53 PM)

49.54

-0.05 (-0.1%)

Chartmill FA Rating
GICS IndustryGroupTelecommunication Services
GICS IndustryWireless Telecommunication Services
Earnings (Last)02-20
Earnings (Next)04-30
Inst Owners35.58%
Inst Owner Change-0.02%
Ins Owners0.23%
Ins Owner Change64.81%
Market Cap4.28B
Revenue(TTM)1.91B
Net Income(TTM)48.01M
Analysts82.86
Price Target57.34 (15.74%)
Short Float %10.34%
Short Ratio5.99
Dividend
Industry RankSector Rank
Dividend Yield 66.35%
Yearly Dividend23.19
Dividend Growth(5Y)N/A
DP4137.88%
Div Incr Years0
Div Non Decr Years0
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)-0.38%
PT rev (3m)-7.16%
EPS NQ rev (1m)10.3%
EPS NQ rev (3m)164.95%
EPS NY rev (1m)143.51%
EPS NY rev (3m)155.88%
Revenue NQ rev (1m)-0.61%
Revenue NQ rev (3m)-4%
Revenue NY rev (1m)-0.4%
Revenue NY rev (3m)-94.05%
Valuation
Industry RankSector Rank
PE 235.9
Fwd PE 15.08
P/S 2.24
P/FCF 25.27
P/OCF 21.32
P/B 1.67
P/tB 4.63
EV/EBITDA 38.25
EPS(TTM)0.21
EY0.42%
EPS(NY)3.29
Fwd EY6.63%
FCF(TTM)1.96
FCFY3.96%
OCF(TTM)2.32
OCFY4.69%
SpS22.15
BVpS29.7
TBVpS10.71
PEG (NY)0.16
PEG (5Y)N/A
Graham Number11.847 (-76.09%)
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 1.9
F-Score8
WACC6.65%
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 Y1438.97%
EPS Next 2Y139.6%
EPS Next 3Y68.22%
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 Year-92.37%
Revenue Next 2Y-73.01%
Revenue Next 3Y-58.06%
Revenue Next 5Y-46.09%
EBIT growth 1Y-46.62%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year1021.51%
EBIT Next 3Y121.26%
EBIT Next 5Y71.71%
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 3 / 10 to ARRAY DIGITAL INFRASTRUCTURE (AD). This can be considered as Overvalued.


How profitable is ARRAY DIGITAL INFRASTRUCTURE (AD) stock?

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


What are the PE and PB ratios of ARRAY DIGITAL INFRASTRUCTURE (AD) stock?

The Price/Earnings (PE) ratio for ARRAY DIGITAL INFRASTRUCTURE (AD) is 235.9 and the Price/Book (PB) ratio is 1.67.


How sustainable is the dividend of ARRAY DIGITAL INFRASTRUCTURE (AD) stock?

The dividend rating of ARRAY DIGITAL INFRASTRUCTURE (AD) is 4 / 10 and the dividend payout ratio is 4137.88%.