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Shenandoah Telecommunications

DB:SH9
Snowflake Description

Reasonable growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SH9
DB
$2B
Market Cap
  1. Home
  2. DE
  3. Telecom
Company description

Shenandoah Telecommunications Company, through its subsidiaries, primarily provides wireless, cable, and wireline telecommunications services to customers and other telecommunications providers. The last earnings update was 18 days ago. More info.


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SH9 Share Price and Events
7 Day Returns
-3%
DB:SH9
-3%
Europe Wireless Telecom
0%
DE Market
1 Year Returns
-22.4%
DB:SH9
1.1%
Europe Wireless Telecom
9.9%
DE Market
SH9 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Shenandoah Telecommunications (SH9) -3% 17.1% 12.2% -22.4% 32.3% 173.4%
Europe Wireless Telecom -3% -3.3% 2.2% 1.1% -14.3% -26.2%
DE Market 0% 4.6% 12.1% 9.9% 14.6% 18.2%
1 Year Return vs Industry and Market
  • SH9 underperformed the Wireless Telecom industry which returned 1.1% over the past year.
  • SH9 underperformed the Market in Germany which returned 9.9% over the past year.
Price Volatility
SH9
Industry
5yr Volatility vs Market

Value

 Is Shenandoah Telecommunications undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Shenandoah Telecommunications to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Shenandoah Telecommunications.

DB:SH9 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:SH9
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Wireless Telecom Unlevered Beta Simply Wall St/ S&P Global 0.34
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.337 (1 + (1- 21%) (62.41%))
0.667
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 5.96%)
5%

Discounted Cash Flow Calculation for DB:SH9 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Shenandoah Telecommunications is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:SH9 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 5%)
2020 122.23 Analyst x2 116.41
2021 162.00 Analyst x1 146.95
2022 182.45 Est @ 12.62% 157.63
2023 198.70 Est @ 8.9% 163.49
2024 211.22 Est @ 6.3% 165.53
2025 220.68 Est @ 4.48% 164.71
2026 227.75 Est @ 3.2% 161.90
2027 233.01 Est @ 2.31% 157.76
2028 236.94 Est @ 1.69% 152.79
2029 239.90 Est @ 1.25% 147.34
Present value of next 10 years cash flows $1,534.00
DB:SH9 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $239.90 × (1 + 0.23%) ÷ (5% – 0.23%)
$5,043.00
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $5,043.00 ÷ (1 + 5%)10
$3,097.14
DB:SH9 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,534.00 + $3,097.14
$4,631.14
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $4,631.14 / 49.86
$92.89
DB:SH9 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:SH9 represents 0.90011x of NasdaqGS:SHEN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.90011x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 92.89 x 0.90011
€83.61
Value per share (EUR) From above. €83.61
Current discount Discount to share price of €32.80
= -1 x (€32.80 - €83.61) / €83.61
60.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Shenandoah Telecommunications is available for.
Intrinsic value
>50%
Share price is €32.8 vs Future cash flow value of €83.61
Current Discount Checks
For Shenandoah Telecommunications to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Shenandoah Telecommunications's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Shenandoah Telecommunications's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Shenandoah Telecommunications's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Shenandoah Telecommunications's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:SH9 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $1.13
NasdaqGS:SHEN Share Price ** NasdaqGS (2019-11-18) in USD $36.44
Europe Wireless Telecom Industry PE Ratio Median Figure of 7 Publicly-Listed Wireless Telecom Companies 22.75x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 20.03x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Shenandoah Telecommunications.

DB:SH9 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:SHEN Share Price ÷ EPS (both in USD)

= 36.44 ÷ 1.13

32.23x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Shenandoah Telecommunications is overvalued based on earnings compared to the Europe Wireless Telecom industry average.
  • Shenandoah Telecommunications is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Shenandoah Telecommunications's expected growth come at a high price?
Raw Data
DB:SH9 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 32.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
24.8%per year
Europe Wireless Telecom Industry PEG Ratio Median Figure of 5 Publicly-Listed Wireless Telecom Companies 2.38x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

DB:SH9 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 32.23x ÷ 24.8%

1.3x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Shenandoah Telecommunications is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Shenandoah Telecommunications's assets?
Raw Data
DB:SH9 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $9.54
NasdaqGS:SHEN Share Price * NasdaqGS (2019-11-18) in USD $36.44
Europe Wireless Telecom Industry PB Ratio Median Figure of 9 Publicly-Listed Wireless Telecom Companies 1.82x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.84x
DB:SH9 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:SHEN Share Price ÷ Book Value per Share (both in USD)

= 36.44 ÷ 9.54

3.82x

* Primary Listing of Shenandoah Telecommunications.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Shenandoah Telecommunications is overvalued based on assets compared to the Europe Wireless Telecom industry average.
X
Value checks
We assess Shenandoah Telecommunications's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Wireless Telecom industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Wireless Telecom industry average (and greater than 0)? (1 check)
  5. Shenandoah Telecommunications has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Shenandoah Telecommunications expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
24.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Shenandoah Telecommunications expected to grow at an attractive rate?
  • Shenandoah Telecommunications's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Shenandoah Telecommunications's earnings growth is expected to exceed the Germany market average.
  • Shenandoah Telecommunications's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:SH9 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:SH9 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 24.8%
DB:SH9 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 5.4%
Europe Wireless Telecom Industry Earnings Growth Rate Market Cap Weighted Average 15.8%
Europe Wireless Telecom Industry Revenue Growth Rate Market Cap Weighted Average 1.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:SH9 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:SH9 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 709 306 92 2
2020-12-31 668 269 78 4
2019-12-31 634 283 57 4
2019-11-18
DB:SH9 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 634 270 56
2019-06-30 638 268 57
2019-03-31 636 266 54
2018-12-31 631 266 47
2018-09-30 622 253 92
2018-06-30 615 263 80
2018-03-31 612 259 71
2017-12-31 612 223 66
2017-09-30 614 225 6
2017-06-30 620 198 -6
2017-03-31 597 143 -12
2016-12-31 535 162 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Shenandoah Telecommunications's earnings are expected to grow significantly at over 20% yearly.
  • Shenandoah Telecommunications's revenue is expected to grow by 5.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:SH9 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Shenandoah Telecommunications Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SH9 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.87 1.89 1.84 2.00
2020-12-31 1.56 1.65 1.39 4.00
2019-12-31 1.14 1.15 1.13 4.00
2019-11-18
DB:SH9 Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 1.13
2019-06-30 1.16
2019-03-31 1.09
2018-12-31 0.94
2018-09-30 1.87
2018-06-30 1.63
2018-03-31 1.43
2017-12-31 1.35
2017-09-30 0.11
2017-06-30 -0.11
2017-03-31 -0.25
2016-12-31 -0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Shenandoah Telecommunications is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Shenandoah Telecommunications's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Shenandoah Telecommunications has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Shenandoah Telecommunications performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Shenandoah Telecommunications's growth in the last year to its industry (Wireless Telecom).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Shenandoah Telecommunications's year on year earnings growth rate has been positive over the past 5 years.
  • Shenandoah Telecommunications's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Shenandoah Telecommunications's 1-year earnings growth is negative, it can't be compared to the Europe Wireless Telecom industry average.
Earnings and Revenue History
Shenandoah Telecommunications's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Shenandoah Telecommunications Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SH9 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 634.39 56.27 110.52
2019-06-30 637.97 57.45 110.79
2019-03-31 635.56 53.92 113.54
2018-12-31 630.85 46.60 113.56
2018-09-30 622.44 92.34 123.51
2018-06-30 615.49 80.34 138.26
2018-03-31 612.25 70.63 151.36
2017-12-31 611.99 66.39 162.77
2017-09-30 614.49 5.61 169.54
2017-06-30 619.55 -5.52 163.38
2017-03-31 596.60 -12.44 152.05
2016-12-31 535.29 -0.90 122.95
2016-09-30 467.00 11.40 106.96
2016-06-30 395.38 26.99 89.22
2016-03-31 350.77 44.46 75.51
2015-12-31 342.49 40.86 72.82
2015-09-30 338.01 37.41 72.56
2015-06-30 335.07 37.41 72.32
2015-03-31 330.78 35.55 70.95
2014-12-31 326.95 33.88 69.37
2014-09-30 322.10 31.91 69.54
2014-06-30 317.35 30.62 68.96
2014-03-31 313.38 29.85 68.69
2013-12-31 308.94 29.59 67.67
2013-09-30 305.97 27.97 62.82
2013-06-30 301.34 22.67 62.95
2013-03-31 295.26 20.55 61.61
2012-12-31 288.08 16.60 60.65

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Shenandoah Telecommunications has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Shenandoah Telecommunications used its assets less efficiently than the Europe Wireless Telecom industry average last year based on Return on Assets.
  • Shenandoah Telecommunications's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Shenandoah Telecommunications's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Wireless Telecom industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Shenandoah Telecommunications has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Shenandoah Telecommunications's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Shenandoah Telecommunications's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Shenandoah Telecommunications is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Shenandoah Telecommunications's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Shenandoah Telecommunications's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Shenandoah Telecommunications Company Filings, last reported 1 month ago.

DB:SH9 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 475.85 728.01 98.90
2019-06-30 462.05 747.01 100.37
2019-03-31 452.61 751.26 73.91
2018-12-31 442.25 770.24 90.02
2018-09-30 444.99 778.79 80.65
2018-06-30 418.19 799.90 70.15
2018-03-31 408.44 810.87 53.12
2017-12-31 350.22 821.96 81.00
2017-09-30 299.35 833.00 76.59
2017-06-30 298.66 844.03 60.56
2017-03-31 299.44 849.00 40.16
2016-12-31 295.89 829.27 36.19
2016-09-30 298.31 809.57 27.53
2016-06-30 304.11 822.09 40.57
2016-03-31 303.27 195.11 89.16
2015-12-31 289.94 199.66 76.81
2015-09-30 287.44 208.14 87.29
2015-06-30 279.72 213.92 92.14
2015-03-31 268.32 219.76 77.15
2014-12-31 258.35 225.56 68.92
2014-09-30 260.67 231.46 78.64
2014-06-30 251.76 231.61 72.09
2014-03-31 243.61 231.64 53.68
2013-12-31 234.32 231.59 38.32
2013-09-30 234.89 231.80 61.96
2013-06-30 228.11 232.31 73.40
2013-03-31 217.02 233.13 67.10
2012-12-31 207.85 233.83 71.09
  • Shenandoah Telecommunications's level of debt (153%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (88.8% vs 153% today).
  • Debt is well covered by operating cash flow (37.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.3x coverage).
X
Financial health checks
We assess Shenandoah Telecommunications's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Shenandoah Telecommunications has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Shenandoah Telecommunications's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.8%
Current annual income from Shenandoah Telecommunications dividends. Estimated to be 0.54% next year.
If you bought €2,000 of Shenandoah Telecommunications shares you are expected to receive €16 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Shenandoah Telecommunications's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.33%).
  • Shenandoah Telecommunications's dividend is below the markets top 25% of dividend payers in Germany (3.68%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:SH9 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Europe Wireless Telecom Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 4.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:SH9 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.30 1.00
2019-12-31 0.29 1.00
2019-11-18
DB:SH9 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-10-30 0.290 0.814
2018-10-31 0.270 0.676
2017-10-25 0.260 0.748
2016-10-18 0.250 0.828
2015-10-20 0.240 0.904
2014-10-21 0.235 1.426
2013-10-22 0.180 1.338
2012-10-16 0.165 2.003
2012-08-03 0.165 1.973
2011-10-18 0.165 2.929
2010-10-19 0.165 2.041
2009-10-20 0.160 1.788

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Shenandoah Telecommunications's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.2x coverage).
Future Payout to shareholders
  • No need to calculate the sustainability of Shenandoah Telecommunications's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Shenandoah Telecommunications's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Shenandoah Telecommunications afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Shenandoah Telecommunications has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Shenandoah Telecommunications's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Chris French
COMPENSATION $1,842,707
AGE 61
TENURE AS CEO 31.6 years
CEO Bio

Mr. Christopher E. French, also known as Chris, has been the Chairman of Shenandoah Telecommunications Co. since 1996 and its Chief Executive Officer and President since April 1988. Mr. French serves as the President of Shenandoah Personal Communications Company. He served as a Director of Shenandoah Valley Electric Cooperative and Shenandoah Telecommunications Co. since 1996. He served a variety of positions with Shenandoah Telecommunications, including Vice President of Network Service and Executive Vice President. He served as President and Director of the Virginia Telecommunications Industry Association. He had been a Director of First National Corp. from 1996 until May 8, 2018. He has held Board and officer positions in both state and national telecommunications associations, including service as a Director of Promotion and Advancement of Small Telecommunications Companies (OPASTCO). He holds an Master in Business Administration and Bachelors in Science in Electrical Engineering from the University of Virginia.

CEO Compensation
  • Chris's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Insufficient data for Chris to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Shenandoah Telecommunications management team in years:

0.8
Average Tenure
56.5
Average Age
  • The average tenure for the Shenandoah Telecommunications management team is less than 2 years, this suggests a new team.
Management Team

Dave Heimbach

TITLE
Executive VP & COO
COMPENSATION
$966K
AGE
43
TENURE
1.5 yrs

Chris French

TITLE
Chairman
COMPENSATION
$2M
AGE
61
TENURE
31.6 yrs

Jim Volk

TITLE
Senior VP & CFO
AGE
55
TENURE
0.4 yrs

Chase Stobbe

TITLE
Principal Accounting Officer
AGE
35
TENURE
0.6 yrs

Elaine Cheng

TITLE
VP & Chief Information Officer
TENURE
0.7 yrs

Raymond Ostroski

TITLE
VP of Legal
COMPENSATION
$568K
AGE
64
TENURE
6.8 yrs

Willy Pirtle

TITLE
Senior Vice President of Sales & Marketing
COMPENSATION
$624K
AGE
59
TENURE
0.8 yrs

Tom Whitaker

TITLE
Senior Vice President of Corporate Development
COMPENSATION
$565K
AGE
58
TENURE
0.3 yrs

Heather Banks

TITLE
VP & Chief Human Resources Officer
TENURE
0.3 yrs

Edward McKay

TITLE
Senior Vice President of Engineering & Operations
COMPENSATION
$352K
AGE
46
TENURE
4.2 yrs
Board of Directors Tenure

Average tenure and age of the Shenandoah Telecommunications board of directors in years:

7.4
Average Tenure
58
Average Age
  • The tenure for the Shenandoah Telecommunications board of directors is about average.
Board of Directors

Chris French

TITLE
Chairman
COMPENSATION
$2M
AGE
61
TENURE
23.8 yrs

Tracy Fitzsimmons

TITLE
Lead Independent Director
COMPENSATION
$140K
AGE
52
TENURE
3.2 yrs

John Flora

TITLE
Independent Director
COMPENSATION
$126K
AGE
64
TENURE
11.5 yrs

Leigh Schultz

TITLE
Independent Director
COMPENSATION
$132K
AGE
45
TENURE
3.3 yrs

Dale Lam

TITLE
Independent Director
COMPENSATION
$143K
AGE
56
TENURE
15.8 yrs

Rick Koontz

TITLE
Independent Director
COMPENSATION
$125K
AGE
61
TENURE
13.5 yrs

Ken Quaglio

TITLE
Independent Director
COMPENSATION
$124K
AGE
60
TENURE
2.8 yrs

Tom Beckett

TITLE
Independent Director
AGE
51
TENURE
1.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
12. Mar 19 Sell Raymond Ostroski Individual 11. Mar 19 11. Mar 19 -10,000 €40.74 €-407,440
04. Mar 19 Buy Leigh Schultz Individual 04. Mar 19 04. Mar 19 49 €40.53 €1,984
28. Nov 18 Sell Richard Koontz Individual 28. Nov 18 28. Nov 18 -6,000 €44.32 €-265,890
26. Nov 18 Sell James Zerkel Individual 21. Nov 18 21. Nov 18 -2,244 €42.71 €-95,832
21. Nov 18 Sell Edward McKay Individual 20. Nov 18 20. Nov 18 -2,000 €41.94 €-83,889
19. Nov 18 Sell Thomas Whitaker Individual 19. Nov 18 19. Nov 18 -3,000 €41.87 €-125,595
X
Management checks
We assess Shenandoah Telecommunications's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Shenandoah Telecommunications has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Shenandoah Telecommunications Company, through its subsidiaries, primarily provides wireless, cable, and wireline telecommunications services to customers and other telecommunications providers. The company operates in three segments: Wireless, Cable, and Wireline. The Wireless segment provides digital wireless mobile services; and wireless mobility communications network products and services. It owns 208 cell site towers built on leased land and owned land; and leases space on towers to affiliated and non-affiliated third party wireless service providers. This segment provides its services in central and western Virginia, south-central Pennsylvania, West Virginia, Maryland, North Carolina, Kentucky, Tennessee, and Ohio. The Cable segment offers video, broadband, and voice services in Virginia, West Virginia, and western Maryland; and leases fiber optic facilities. The Wireline segment provides regulated and unregulated voice services, Internet broadband, and long distance access services, as well as leases fiber optic facilities throughout portions of Virginia, West Virginia, Maryland, and Pennsylvania. Shenandoah Telecommunications Company also maintains an interstate fiber optic network; and offers unregulated communications equipment sales and services. The company provides its products and services under the Sprint and Shentel brands. Shenandoah Telecommunications Company was founded in 1902 and is headquartered in Edinburg, Virginia.

Details
Name: Shenandoah Telecommunications Company
SH9
Exchange: DB
Founded: 1902
$1,638,566,738
49,857,142
Website: http://www.shentel.com
Address: Shenandoah Telecommunications Company
500 Shentel Way,
Edinburg,
Virginia, 22824,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS SHEN Common Stock Nasdaq Global Select US USD 01. Aug 1995
DB SH9 Common Stock Deutsche Boerse AG DE EUR 01. Aug 1995
Number of employees
Current staff
Staff numbers
1,024
Shenandoah Telecommunications employees.
Industry
Wireless Telecommunication Services
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/18 21:24
End of day share price update: 2019/11/18 00:00
Last estimates confirmation: 2019/11/13
Last earnings filing: 2019/10/31
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.