Company Valuation: ADTRAN Holdings, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,121 1,464 577.7 660.6 693.9 1,151 - -
Change - 30.56% -60.53% 14.36% 5.04% 65.92% - -
Enterprise Value (EV) 1 993.1 1,464 685.5 772.6 764.6 1,290 1,261 1,235
Change - 47.36% -53.16% 12.71% -1.04% 68.76% -2.25% -2.06%
P/E ratio -127x -626x -2.15x -1.47x -16.7x -67.9x 130x 43.2x
PBR - - - 4.89x 4.75x - - -
PEG - 7.5x -0x -0x 0.2x 1.1x -1x 0x
Capitalization / Revenue 1.99x 1.43x 0.5x 0.72x 0.64x 0.97x 0.89x 0.81x
EV / Revenue 1.76x 1.43x 0.6x 0.84x 0.71x 1.09x 0.98x 0.86x
EV / EBITDA 718x 12.2x 6.64x 8.2x 5.3x 6.97x 5.74x -
EV / EBIT 88.1x 28x -70.8x 239x 14.8x 14.9x 10.8x 8.55x
EV / FCF - - -7.14x 10.9x 7.8x 11.1x 13.7x -
FCF Yield - - -14% 9.14% 12.8% 9% 7.29% -
Dividend per Share 2 0.36 - 0.36 - - - - -
Rate of return 1.58% - 4.9% - - - - -
EPS 2 -0.18 -0.03 -3.41 -5.67 -0.52 -0.21 0.11 0.33
Distribution rate -200% - -10.6% - - - - -
Net sales 1 563 1,026 1,149 922.7 1,084 1,185 1,292 1,430
EBITDA 1 1.384 119.8 103.3 94.21 144.2 185.1 219.8 -
EBIT 1 11.28 52.25 -9.687 3.228 51.7 86.77 116.6 144.6
Net income 1 -8.635 -2.037 -267.7 -450.9 -45.66 -17 9 26
Net Debt 1 -127.8 - 107.8 112 70.7 139 110 84
Reference price 2 22.83 18.79 7.34 8.33 8.69 14.26 14.26 14.26
Nbr of stocks (in thousands) 49,099 77,889 78,699 79,306 79,854 80,741 - -
Announcement Date 03/02/22 21/02/23 27/02/24 27/02/25 26/02/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-67.9x1.09x6.97x-.--% 1.15B
37.16x7.74x19.98x1.38% 474B
24.54x0.98x17.72x1.96% 219B
45.44x15.21x31.87x-.--% 192B
43.84x13.69x34.36x0.24% 194B
47.9x3.07x19.99x1.25% 77.62B
166.37x21.41x62.88x-.--% 63.93B
31.22x5.92x17.33x1.15% 68.73B
84.57x9.83x45.39x-.--% 62.19B
25.09x5.41x18.74x1.74% 45.87B
Average 43.82x 8.44x 27.52x 0.77% 139.86B
Weighted average by Cap. 45.08x 8.82x 26.16x 0.99%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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