ADTRAN INC (QH9.DE) Fundamental Analysis & Valuation

FRA:QH9 • US00486H1059

Current stock price

10.68 EUR
-0.17 (-1.57%)
Last:

This QH9.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

1

1. QH9.DE Profitability Analysis

1.1 Basic Checks

  • In the past year QH9 was profitable.
  • In the past year QH9 had a positive cash flow from operations.
  • In the past 5 years QH9 always reported 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.
QH9.DE Yearly Net Income VS EBIT VS OCF VS FCFQH9.DE 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 100M -100M -200M -300M -400M

1.2 Ratios

  • QH9 has a worse Return On Assets (-3.79%) than 62.50% of its industry peers.
  • Looking at the Return On Equity, with a value of -31.31%, QH9 is doing worse than 75.00% of the companies in the same industry.
Industry RankSector Rank
ROA -3.79%
ROE -31.31%
ROIC N/A
ROA(3y)-19.68%
ROA(5y)-12.13%
ROE(3y)-146.01%
ROE(5y)-88.13%
ROIC(3y)N/A
ROIC(5y)N/A
QH9.DE Yearly ROA, ROE, ROICQH9.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -100 -200 -300

1.3 Margins

  • Looking at the Gross Margin, with a value of 38.29%, QH9 is doing worse than 68.75% of the companies in the same industry.
  • In the last couple of years the Gross Margin of QH9 has declined.
  • The Profit Margin and Operating Margin are not available for QH9 so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 38.29%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y6.25%
GM growth 5Y-2.31%
QH9.DE Yearly Profit, Operating, Gross MarginsQH9.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 -40

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2

2. QH9.DE Health Analysis

2.1 Basic Checks

  • QH9 does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • The number of shares outstanding for QH9 has been increased compared to 1 year ago.
  • The number of shares outstanding for QH9 has been increased compared to 5 years ago.
  • Compared to 1 year ago, QH9 has a worse debt to assets ratio.
QH9.DE Yearly Shares OutstandingQH9.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M
QH9.DE Yearly Total Debt VS Total AssetsQH9.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

2.2 Solvency

  • Based on the Altman-Z score of 0.85, we must say that QH9 is in the distress zone and has some risk of bankruptcy.
  • With a Altman-Z score value of 0.85, QH9 is not doing good in the industry: 65.63% of the companies in the same industry are doing better.
  • The Debt to FCF ratio of QH9 is 3.60, which is a good value as it means it would take QH9, 3.60 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of QH9 (3.60) is comparable to the rest of the industry.
  • QH9 has a Debt/Equity ratio of 1.50. This is a high value indicating a heavy dependency on external financing.
  • QH9 has a Debt to Equity ratio of 1.50. This is in the lower half of the industry: QH9 underperforms 78.13% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.5
Debt/FCF 3.6
Altman-Z 0.85
ROIC/WACCN/A
WACC8.13%
QH9.DE Yearly LT Debt VS Equity VS FCFQH9.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M 800M

2.3 Liquidity

  • QH9 has a Current Ratio of 1.76. 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 Current ratio value of 1.76, QH9 perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
  • A Quick Ratio of 1.16 indicates that QH9 should not have too much problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 1.16, QH9 is in line with its industry, outperforming 40.63% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.76
Quick Ratio 1.16
QH9.DE Yearly Current Assets VS Current LiabilitesQH9.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M

More info and screens

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

6

3. QH9.DE Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 177.42% over the past year.
  • QH9 shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -1.59% yearly.
  • The Revenue has grown by 17.46% in the past year. This is quite good.
  • Measured over the past years, QH9 shows a quite strong growth in Revenue. The Revenue has been growing by 16.43% on average per year.
EPS 1Y (TTM)177.42%
EPS 3Y-27.12%
EPS 5Y-1.59%
EPS Q2Q%92.24%
Revenue 1Y (TTM)17.46%
Revenue growth 3Y1.86%
Revenue growth 5Y16.43%
Sales Q2Q%20.06%

3.2 Future

  • QH9 is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 71.86% yearly.
  • The Revenue is expected to grow by 7.88% on average over the next years.
EPS Next Y109.48%
EPS Next 2Y71.86%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year9.85%
Revenue Next 2Y9.69%
Revenue Next 3Y8.13%
Revenue Next 5Y7.88%

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 decreasing.
QH9.DE Yearly Revenue VS EstimatesQH9.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 500M 1B 1.5B
QH9.DE Yearly EPS VS EstimatesQH9.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 0.5 -0.5 -1

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5

4. QH9.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 50.86 indicates a quite expensive valuation of QH9.
  • Compared to the rest of the industry, the Price/Earnings ratio of QH9 indicates a somewhat cheap valuation: QH9 is cheaper than 62.50% of the companies listed in the same industry.
  • QH9 is valuated expensively when we compare the Price/Earnings ratio to 25.61, which is the current average of the S&P500 Index.
  • QH9 is valuated rather expensively with a Price/Forward Earnings ratio of 24.62.
  • QH9's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. QH9 is cheaper than 62.50% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.79, QH9 is valued at the same level.
Industry RankSector Rank
PE 50.86
Fwd PE 24.62
QH9.DE Price Earnings VS Forward Price EarningsQH9.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of QH9 indicates a somewhat cheap valuation: QH9 is cheaper than 75.00% of the companies listed in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of QH9 indicates a somewhat cheap valuation: QH9 is cheaper than 75.00% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 16.51
EV/EBITDA 13.7
QH9.DE Per share dataQH9.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 -2 4 6 8 10

4.3 Compensation for Growth

  • QH9'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 QH9's earnings are expected to grow with 71.86% in the coming years.
PEG (NY)0.46
PEG (5Y)N/A
EPS Next 2Y71.86%
EPS Next 3YN/A

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

6

5. QH9.DE Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 6.65%, QH9 is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 2.44, QH9 pays a better dividend. On top of this QH9 pays more dividend than 96.88% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.89, QH9 pays a better dividend.
Industry RankSector Rank
Dividend Yield 6.65%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
QH9.DE Yearly Dividends per shareQH9.DE Yearly Dividends per shareYearly Dividends per share 2022 2023 0.05 0.1 0.15 0.2 0.25

5.3 Sustainability

DP0%
EPS Next 2Y71.86%
EPS Next 3YN/A
QH9.DE Yearly Income VS Free CF VS DividendQH9.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -100M -200M -300M -400M

More info and screens

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QH9.DE Fundamentals: All Metrics, Ratios and Statistics

ADTRAN INC

FRA:QH9 (3/25/2026, 7:00:00 PM)

10.68

-0.17 (-1.57%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)02-25
Earnings (Next)05-05
Inst Owners96.36%
Inst Owner ChangeN/A
Ins Owners1.51%
Ins Owner ChangeN/A
Market Cap861.45M
Revenue(TTM)1.08B
Net Income(TTM)-45.66M
Analysts76.25
Price Target10.53 (-1.4%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector 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)35.44%
Min EPS beat(2)-20.42%
Max EPS beat(2)91.3%
EPS beat(4)2
Avg EPS beat(4)42.23%
Min EPS beat(4)-100%
Max EPS beat(4)198.04%
EPS beat(8)4
Avg EPS beat(8)22.54%
EPS beat(12)5
Avg EPS beat(12)-86.43%
EPS beat(16)7
Avg EPS beat(16)-45.49%
Revenue beat(2)1
Avg Revenue beat(2)0.5%
Min Revenue beat(2)-0.23%
Max Revenue beat(2)1.23%
Revenue beat(4)2
Avg Revenue beat(4)0.13%
Min Revenue beat(4)-0.92%
Max Revenue beat(4)1.23%
Revenue beat(8)3
Avg Revenue beat(8)-0.5%
Revenue beat(12)3
Avg Revenue beat(12)-1.97%
Revenue beat(16)4
Avg Revenue beat(16)-1.87%
PT rev (1m)-2.42%
PT rev (3m)-0.86%
EPS NQ rev (1m)30.28%
EPS NQ rev (3m)30.28%
EPS NY rev (1m)2.14%
EPS NY rev (3m)7.5%
Revenue NQ rev (1m)2.81%
Revenue NQ rev (3m)2.81%
Revenue NY rev (1m)1.35%
Revenue NY rev (3m)1.6%
Valuation
Industry RankSector Rank
PE 50.86
Fwd PE 24.62
P/S 0.92
P/FCF 16.51
P/OCF 7.7
P/B 6.85
P/tB N/A
EV/EBITDA 13.7
EPS(TTM)0.21
EY1.97%
EPS(NY)0.43
Fwd EY4.06%
FCF(TTM)0.65
FCFY6.06%
OCF(TTM)1.39
OCFY13%
SpS11.59
BVpS1.56
TBVpS-2.23
PEG (NY)0.46
PEG (5Y)N/A
Graham Number2.71
Profitability
Industry RankSector Rank
ROA -3.79%
ROE -31.31%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 38.29%
FCFM 5.58%
ROA(3y)-19.68%
ROA(5y)-12.13%
ROE(3y)-146.01%
ROE(5y)-88.13%
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 3YN/A
PM growth 5YN/A
GM growth 3Y6.25%
GM growth 5Y-2.31%
F-Score5
Asset Turnover0.9
Health
Industry RankSector Rank
Debt/Equity 1.5
Debt/FCF 3.6
Debt/EBITDA 2.84
Cap/Depr 74.84%
Cap/Sales 6.39%
Interest Coverage N/A
Cash Conversion 169.26%
Profit Quality N/A
Current Ratio 1.76
Quick Ratio 1.16
Altman-Z 0.85
F-Score5
WACC8.13%
ROIC/WACCN/A
Cap/Depr(3y)62.45%
Cap/Depr(5y)49.61%
Cap/Sales(3y)5.81%
Cap/Sales(5y)4.02%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)177.42%
EPS 3Y-27.12%
EPS 5Y-1.59%
EPS Q2Q%92.24%
EPS Next Y109.48%
EPS Next 2Y71.86%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)17.46%
Revenue growth 3Y1.86%
Revenue growth 5Y16.43%
Sales Q2Q%20.06%
Revenue Next Year9.85%
Revenue Next 2Y9.69%
Revenue Next 3Y8.13%
Revenue Next 5Y7.88%
EBIT growth 1Y81.43%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year243.23%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y57.56%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y25.29%
OCF growth 3YN/A
OCF growth 5YN/A

ADTRAN INC / QH9.DE Fundamental Analysis FAQ

What is the ChartMill fundamental rating of ADTRAN INC (QH9.DE) stock?

ChartMill assigns a fundamental rating of 3 / 10 to QH9.DE.


What is the valuation status of ADTRAN INC (QH9.DE) stock?

ChartMill assigns a valuation rating of 5 / 10 to ADTRAN INC (QH9.DE). This can be considered as Fairly Valued.


Can you provide the profitability details for ADTRAN INC?

ADTRAN INC (QH9.DE) has a profitability rating of 1 / 10.


What are the PE and PB ratios of ADTRAN INC (QH9.DE) stock?

The Price/Earnings (PE) ratio for ADTRAN INC (QH9.DE) is 50.86 and the Price/Book (PB) ratio is 6.85.


Can you provide the dividend sustainability for QH9 stock?

The dividend rating of ADTRAN INC (QH9.DE) is 6 / 10 and the dividend payout ratio is 0%.