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Anterix NasdaqCM:ATEX Stock Report

Last Price


Market Cap







06 Aug, 2022


Company Financials +
ATEX fundamental analysis
Snowflake Score
Future Growth5/6
Past Performance0/6
Financial Health5/6

ATEX Stock Overview

Anterix Inc. operates as a wireless communications company.

Anterix Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Anterix
Historical stock prices
Current Share PriceUS$45.54
52 Week HighUS$66.55
52 Week LowUS$37.70
1 Month Change11.56%
3 Month Change-12.03%
1 Year Change-24.10%
3 Year Change5.30%
5 Year Change63.23%
Change since IPO11.07%

Recent News & Updates

Aug 01
Anterix (NASDAQ:ATEX) Is In A Strong Position To Grow Its Business

Anterix (NASDAQ:ATEX) Is In A Strong Position To Grow Its Business

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...

Shareholder Returns

ATEXUS TelecomUS Market

Return vs Industry: ATEX exceeded the US Telecom industry which returned -25.1% over the past year.

Return vs Market: ATEX underperformed the US Market which returned -12.8% over the past year.

Price Volatility

Is ATEX's price volatile compared to industry and market?
ATEX volatility
ATEX Average Weekly Movement5.4%
Telecom Industry Average Movement7.4%
Market Average Movement7.9%
10% most volatile stocks in US Market17.1%
10% least volatile stocks in US Market3.2%

Stable Share Price: ATEX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: ATEX's weekly volatility (5%) has been stable over the past year.

About the Company

199773Rob Schwartz

Anterix Inc. operates as a wireless communications company. The company focuses on commercializing its spectrum assets to enable the targeted utility and critical infrastructure customers to deploy private broadband networks, technologies, and solutions. It holds licensed spectrum in the 900 MHz band with coverage throughout the United States, Alaska, Hawaii, and Puerto Rico.

Anterix Fundamentals Summary

How do Anterix's earnings and revenue compare to its market cap?
ATEX fundamental statistics
Market CapUS$862.79m
Earnings (TTM)-US$37.52m
Revenue (TTM)US$1.08m


P/S Ratio


P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ATEX income statement (TTM)
Cost of RevenueUS$5.00k
Gross ProfitUS$1.08m
Other ExpensesUS$38.60m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 08, 2022

Earnings per share (EPS)-1.98
Gross Margin99.54%
Net Profit Margin-3,461.16%
Debt/Equity Ratio0%

How did ATEX perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.


Is ATEX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 3/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ATEX?

Other financial metrics that can be useful for relative valuation.

ATEX key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue703.7x
Enterprise Value/EBITDA-16.4x
PEG Ration/a

Price to Book Ratio vs Peers

How does ATEX's PB Ratio compare to its peers?

ATEX PB Ratio vs Peers
The above table shows the PB ratio for ATEX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average4.9x
CRGE Charge Enterprises
ASTS AST SpaceMobile
SATS EchoStar
LILA Liberty Latin America
ATEX Anterix

Price-To-Book vs Peers: ATEX is good value based on its Price-To-Book Ratio (4.6x) compared to the peer average (4.9x).

Price to Earnings Ratio vs Industry

How does ATEX's PE Ratio compare vs other companies in the US Telecom Industry?

Price-To-Book vs Industry: ATEX is expensive based on its Price-To-Book Ratio (4.6x) compared to the US Telecom industry average (2x)

Price to Book Ratio vs Fair Ratio

What is ATEX's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ATEX PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio4.6x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate ATEX's Price-To-Book Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of ATEX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ATEX ($45.54) is trading below our estimate of fair value ($1233.8)

Significantly Below Fair Value: ATEX is trading below fair value by more than 20%.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Future Growth

How is Anterix forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score


Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ATEX is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

Earnings vs Market: ATEX is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: ATEX is expected to become profitable in the next 3 years.

Revenue vs Market: ATEX's revenue (81.8% per year) is forecast to grow faster than the US market (7.9% per year).

High Growth Revenue: ATEX's revenue (81.8% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ATEX's Return on Equity is forecast to be low in 3 years time (14.9%).

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Past Performance

How has Anterix performed over the past 5 years?

Past Performance Score


Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ATEX is currently unprofitable.

Growing Profit Margin: ATEX is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: ATEX is unprofitable, and losses have increased over the past 5 years at a rate of 6.8% per year.

Accelerating Growth: Unable to compare ATEX's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ATEX is unprofitable, making it difficult to compare its past year earnings growth to the Telecom industry (-33.9%).

Return on Equity

High ROE: ATEX has a negative Return on Equity (-20.14%), as it is currently unprofitable.

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Financial Health

How is Anterix's financial position?

Financial Health Score


Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: ATEX's short term assets ($115.8M) exceed its short term liabilities ($9.6M).

Long Term Liabilities: ATEX's short term assets ($115.8M) exceed its long term liabilities ($82.1M).

Debt to Equity History and Analysis

Debt Level: ATEX is debt free.

Reducing Debt: ATEX has no debt compared to 5 years ago when its debt to equity ratio was 0.2%.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: ATEX has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if ATEX has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.

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What is Anterix current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


Forecast Dividend Yield

Dividend Yield vs Market

Notable Dividend: Unable to evaluate ATEX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ATEX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ATEX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ATEX's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ATEX has not reported any payouts.

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How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Rob Schwartz (55 yo)





Mr. Robert H. Schwartz, also known as Rob, has been the President of Anterix Inc. (formerly known as Pacific DataVision, Inc., d/b/a pdvWireless, Inc.) since May 15, 2018 and has been its Chief Executive O...

CEO Compensation Analysis

Compensation vs Market: Rob's total compensation ($USD6.53M) is above average for companies of similar size in the US market ($USD3.94M).

Compensation vs Earnings: Rob's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: ATEX's management team is considered experienced (2.3 years average tenure).

Board Members

Experienced Board: ATEX's board of directors are considered experienced (3 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: ATEX insiders have sold more shares than they have bought in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6%.

Top Shareholders

Company Information

Anterix Inc.'s employee growth, exchange listings and data sources

Key Information

  • Name: Anterix Inc.
  • Ticker: ATEX
  • Exchange: NasdaqCM
  • Founded: 1997
  • Industry: Alternative Carriers
  • Sector: Telecom
  • Implied Market Cap: US$862.794m
  • Shares outstanding: 18.95m
  • Website:

Number of Employees


  • Anterix Inc.
  • 3 Garret Mountain Plaza
  • Suite 401
  • Woodland Park
  • New Jersey
  • 7424
  • United States


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/06 00:00
End of Day Share Price2022/08/05 00:00
Annual Earnings2022/03/31

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.