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ADTN : NASDAQ : Electronic Technology
$15.75 -0.3 | -1.9%
Today's Range: 15.55 - 16.05
Avg. Daily Volume: 599700.0
03/22/18 - 3:59 PM ET

Financial Analysis

ADTRAN INC's gross profit margin for the fourth quarter of its fiscal year 2017 has increased when compared to the same period a year ago. Sales and net income have dropped, although the growth in revenues underperformed the average competitor within the industry, the net income growth did not. ADTRAN INC is extremely liquid. Currently, the Quick Ratio is 2.62 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has increased from the same period last year.

At the same time, stockholders' equity ("net worth") has remained virtually unchanged only increasing by 3.88% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.

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Income Statement Q4 FY17 Q4 FY16
Net Sales ($mil)126.52162.99
EBITDA ($mil)-0.358.43
EBIT ($mil)-4.014.29
Net Income ($mil)-11.127.57

Balance Sheet Q4 FY17 Q4 FY16
Cash & Equiv. ($mil)102.56123.08
Total Assets ($mil)665.01667.24
Total Debt ($mil)25.627.8
Equity ($mil)498.15479.52

Profitability Q4 FY17 Q4 FY16
Gross Profit Margin49.3745.98
EBITDA Margin-0.275.17
Operating Margin-3.172.63
Sales Turnover1.00.95
Return on Assets3.585.27
Return on Equity4.787.34
Debt Q4 FY17 Q4 FY16
Current Ratio3.982.79
Interest Expense0.140.14
Interest Coverage-28.8430.18

Share Data Q4 FY17 Q4 FY16
Shares outstanding (mil)48.048.47
Div / share0.090.09
Book value / share10.389.89
Institutional Own % n/a n/a
Avg Daily Volume611691.0346110.0


HOLD. This stock's P/E ratio indicates a significant discount compared to an average of 47.42 for the Communications Equipment industry and a premium compared to the S&P 500 average of 25.66. For additional comparison, its price-to-book ratio of 1.57 indicates a significant discount versus the S&P 500 average of 3.28 and a significant discount versus the industry average of 5.67. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount. Upon assessment of these and other key valuation criteria, ADTRAN INC proves to trade at a discount to investment alternatives within the industry.

1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
ADTN 32.60 Peers 47.42   ADTN NM Peers 16.87

Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.

ADTN is trading at a significant discount to its peers.


Neutral. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

ADTN's P/CF is negative making the measure meaningless.

1 2 3 4 5
premium   discount
  Price to
1 2 3 4 5
premium   discount
ADTN 21.59 Peers 24.82   ADTN NM Peers 1.29

Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.

ADTN is trading at a significant premium to its peers.


Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

ADTN's negative PEG ratio makes this valuation measure meaningless.

1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
ADTN 1.57 Peers 5.67   ADTN -31.51 Peers -167.22

Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

ADTN is trading at a significant discount to its peers.


Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

ADTN is expected to have an earnings growth rate that significantly exceeds its peers.

1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
ADTN 1.17 Peers 4.31   ADTN 4.68 Peers 5.34

Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

ADTN is trading at a significant discount to its industry on this measurement.


Lower. A sales growth rate that trails the industry implies that a company is losing market share.

ADTN trails its peers on the basis of sales growth



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