ADTRAN INC (QH9.DE) Stock Fundamental Analysis
Europe - FRA:QH9 - US00486H1059 - Common Stock
7.884 EUR
+0.42 (+5.66%)
Overall QH9 gets a fundamental rating of 3 out of 10. We evaluated QH9 against 27 industry peers in the Communications Equipment industry. QH9 has a bad profitability rating. Also its financial health evaluation is rather negative. QH9 has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year QH9 has reported negative net income.
QH9 had a positive operating cash flow in the past year.
In the past 5 years QH9 reported 4 times negative net income.
The reported operating cash flow has been mixed in the past 5 years: QH9 reported negative operating cash flow in multiple years.
1.2 Ratios
QH9 has a worse Return On Assets (-8.96%) than 62.96% of its industry peers.
The Return On Equity of QH9 (-64.24%) is worse than 70.37% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -8.96% | ||
| ROE | -64.24% | ||
| ROIC | N/A |
ROA(3y)-18.05%
ROA(5y)-11.04%
ROE(3y)-126.55%
ROE(5y)-76.29%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Gross Margin of QH9 (37.74%) is worse than 66.67% of its industry peers.
In the last couple of years the Gross Margin of QH9 has declined.
QH9 does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 37.74% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.23%
GM growth 5Y-2.07%
2. Health
2.1 Basic Checks
QH9 does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, QH9 has more shares outstanding
The number of shares outstanding for QH9 has been increased compared to 5 years ago.
The debt/assets ratio for QH9 is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.55, we must say that QH9 is in the distress zone and has some risk of bankruptcy.
QH9 has a Altman-Z score of 0.55. This is in the lower half of the industry: QH9 underperforms 66.67% of its industry peers.
QH9 has a debt to FCF ratio of 3.42. This is a good value and a sign of high solvency as QH9 would need 3.42 years to pay back of all of its debts.
The Debt to FCF ratio of QH9 (3.42) is comparable to the rest of the industry.
QH9 has a Debt/Equity ratio of 1.12. This is a high value indicating a heavy dependency on external financing.
QH9's Debt to Equity ratio of 1.12 is on the low side compared to the rest of the industry. QH9 is outperformed by 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.12 | ||
| Debt/FCF | 3.42 | ||
| Altman-Z | 0.55 |
ROIC/WACCN/A
WACC10.34%
2.3 Liquidity
A Current Ratio of 1.96 indicates that QH9 should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.96, QH9 is in the better half of the industry, outperforming 62.96% of the companies in the same industry.
QH9 has a Quick Ratio of 1.19. This is a normal value and indicates that QH9 is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.19, QH9 is not doing good in the industry: 62.96% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.96 | ||
| Quick Ratio | 1.19 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 98.66% over the past year.
The Revenue for QH9 has decreased by -19.70% in the past year. This is quite bad
QH9 shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.72% yearly.
EPS 1Y (TTM)98.66%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%100%
Revenue 1Y (TTM)-19.7%
Revenue growth 3Y17.9%
Revenue growth 5Y11.72%
Sales Q2Q%17.29%
3.2 Future
The Earnings Per Share is expected to grow by 57.52% on average over the next years. This is a very strong growth
Based on estimates for the next years, QH9 will show a quite strong growth in Revenue. The Revenue will grow by 11.57% on average per year.
EPS Next Y152.71%
EPS Next 2Y88.06%
EPS Next 3Y57.52%
EPS Next 5YN/A
Revenue Next Year16.13%
Revenue Next 2Y12.23%
Revenue Next 3Y11.57%
Revenue Next 5YN/A
3.3 Evolution
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.
4. Valuation
4.1 Price/Earnings Ratio
QH9 reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
With a Price/Forward Earnings ratio of 19.59, QH9 is valued on the expensive side.
QH9's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. QH9 is cheaper than 66.67% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.88. QH9 is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 19.59 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as QH9.
QH9's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. QH9 is cheaper than 70.37% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.43 | ||
| EV/EBITDA | 17.91 |
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.
QH9's earnings are expected to grow with 57.52% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y88.06%
EPS Next 3Y57.52%
5. Dividend
5.1 Amount
QH9 has a Yearly Dividend Yield of 6.65%, which is a nice return.
QH9's Dividend Yield is rather good when compared to the industry average which is at 6.04. QH9 pays more dividend than 96.30% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, QH9 pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.65% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DP0%
EPS Next 2Y88.06%
EPS Next 3Y57.52%
FRA:QH9 (9/18/2025, 7:00:00 PM)
7.884
+0.42 (+5.66%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)
Earnings (Next)
Inst Owners83.97%
Inst Owner ChangeN/A
Ins Owners1.38%
Ins Owner ChangeN/A
Market Cap631.11M
Analysts75.71
Price Target9.98 (26.59%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.65% |
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)49.02%
Min EPS beat(2)-100%
Max EPS beat(2)198.04%
EPS beat(4)2
Avg EPS beat(4)47.28%
Min EPS beat(4)-100%
Max EPS beat(4)198.04%
EPS beat(8)3
Avg EPS beat(8)-120.99%
EPS beat(12)4
Avg EPS beat(12)-97.98%
EPS beat(16)8
Avg EPS beat(16)-6.79%
Revenue beat(2)1
Avg Revenue beat(2)-0.23%
Min Revenue beat(2)-0.92%
Max Revenue beat(2)0.46%
Revenue beat(4)2
Avg Revenue beat(4)-0.51%
Min Revenue beat(4)-1.62%
Max Revenue beat(4)0.46%
Revenue beat(8)2
Avg Revenue beat(8)-1.98%
Revenue beat(12)3
Avg Revenue beat(12)-2.31%
Revenue beat(16)4
Avg Revenue beat(16)-1.62%
PT rev (1m)-1.4%
PT rev (3m)-8.24%
EPS NQ rev (1m)0%
EPS NQ rev (3m)72%
EPS NY rev (1m)19.37%
EPS NY rev (3m)22.99%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.88%
Revenue NY rev (1m)2.35%
Revenue NY rev (3m)3.43%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 19.59 | ||
| P/S | 0.76 | ||
| P/FCF | 13.43 | ||
| P/OCF | 6.13 | ||
| P/B | 4.4 | ||
| P/tB | N/A | ||
| EV/EBITDA | 17.91 |
EPS(TTM)-0.02
EYN/A
EPS(NY)0.4
Fwd EY5.1%
FCF(TTM)0.59
FCFY7.45%
OCF(TTM)1.29
OCFY16.32%
SpS10.38
BVpS1.79
TBVpS-2.12
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -8.96% | ||
| ROE | -64.24% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 37.74% | ||
| FCFM | 5.66% |
ROA(3y)-18.05%
ROA(5y)-11.04%
ROE(3y)-126.55%
ROE(5y)-76.29%
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
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.23%
GM growth 5Y-2.07%
F-Score4
Asset Turnover0.81
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.12 | ||
| Debt/FCF | 3.42 | ||
| Debt/EBITDA | 4.31 | ||
| Cap/Depr | 72.98% | ||
| Cap/Sales | 6.74% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | 275.99% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.96 | ||
| Quick Ratio | 1.19 | ||
| Altman-Z | 0.55 |
F-Score4
WACC10.34%
ROIC/WACCN/A
Cap/Depr(3y)44.28%
Cap/Depr(5y)41.36%
Cap/Sales(3y)4.09%
Cap/Sales(5y)2.91%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)98.66%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%100%
EPS Next Y152.71%
EPS Next 2Y88.06%
EPS Next 3Y57.52%
EPS Next 5YN/A
Revenue 1Y (TTM)-19.7%
Revenue growth 3Y17.9%
Revenue growth 5Y11.72%
Sales Q2Q%17.29%
Revenue Next Year16.13%
Revenue Next 2Y12.23%
Revenue Next 3Y11.57%
Revenue Next 5YN/A
EBIT growth 1Y41.66%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year30089.1%
EBIT Next 3Y624.53%
EBIT Next 5YN/A
FCF growth 1Y151.32%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y263.64%
OCF growth 3Y225.09%
OCF growth 5YN/A