NasdaqCM:ATEX

Stock Analysis Report

Executive Summary

Anterix Inc. operates as a wireless communications company.

Snowflake

Fundamentals

Flawless balance sheet and slightly overvalued.

Share Price & News

How has Anterix's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

8.4%

ATEX

-0.3%

US Telecom

1.0%

US Market


1 Year Return

2.9%

ATEX

10.9%

US Telecom

6.7%

US Market

Return vs Industry: ATEX underperformed the US Telecom industry which returned 10.9% over the past year.

Return vs Market: ATEX underperformed the US Market which returned 6.7% over the past year.


Share holder returns

ATEXIndustryMarket
7 Day8.4%-0.3%1.0%
30 Day3.5%-1.0%-1.8%
90 Day-12.9%7.1%-1.8%
1 Year2.9%2.9%16.7%10.9%9.1%6.7%
3 Year64.3%64.3%19.6%2.2%46.1%36.6%
5 Yearn/a39.4%7.7%66.9%48.6%

Price Volatility Vs. Market

How volatile is Anterix's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Undervalued: ATEX ($41) is trading below our estimate of fair value ($139.9)

Significantly Undervalued: ATEX is trading below fair value by more than 20%.


Price Based on Earnings

PE vs Industry: ATEX is unprofitable, so we can't compare its PE Ratio to the Telecom industry average.

PE vs Market: ATEX is unprofitable, so we can't compare its PE Ratio to the US market.


Price Based on Expected Growth

Low PEG Ratio: Insufficient data to calculate ATEX's PEG Ratio to determine if it is good value.


Price Based on Value of Assets

PB vs Industry: ATEX is overvalued based on its PB Ratio (3.5x) compared to the US Telecom industry average (1.4x).


Next Steps

Future Growth

How is Anterix expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

-35.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: ATEX is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: ATEX is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: ATEX is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: ATEX's revenue (35.6% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: ATEX's revenue (35.6% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: Insufficient data to determine if ATEX's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Anterix performed over the past 5 years?

-25.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ATEX is unprofitable, and losses have increased over the past 5 years at a rate of -25.1% 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 (-23%).


Return on Equity

High ROE: ATEX has a negative Return on Equity (-22.38%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: ATEX is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: ATEX is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Anterix's financial position?


Financial Position Analysis

Short Term Liabilities: ATEX's short term assets ($70.5M) exceeds its short term liabilities ($8.3M)

Long Term Liabilities: ATEX's short term assets (70.5M) exceeds its long term liabilities (13.1M)


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 1.7%.


Balance Sheet

Inventory Level: ATEX has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if ATEX's debt is covered by short term assets.


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 a year based on its current free cash flow.

Forecast Cash Runway: ATEX has sufficient cash runway for 1.570591 years if free cash flow continues to grow at historical rates of 9.5% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage4.1%forecastin3Yearsn/a

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

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

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

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.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ATEX's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

5.3yrs

Average management tenure


CEO

Morgan O'Brien (74yo)

1.5yrs

Tenure

US$1,119,416

Compensation

Mr. Morgan E. O'Brien has been the Chief Executive Officer of Pacific DataVision, Inc. d/b/a pdvWireless, Inc. since April 23, 2018. Mr. O'Brien Co-founded Cyren Call Communications Corp. in 2006 and serve ...


CEO Compensation Analysis

Compensation vs. Market: Morgan has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.

Compensation vs Earnings: Morgan's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

5.3yrs

Average Tenure

61yo

Average Age

Experienced Management: ATEX's management team is seasoned and experienced (5.3 years average tenure).


Board Age and Tenure

1.3yrs

Average Tenure

62yo

Average Age

Experienced Board: ATEX's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$989,12110 Oct 19
Owl Creek Asset Management, L.P.
EntityCompany
Shares26,439
Max PriceUS$38.12
BuyUS$333,21709 Oct 19
Owl Creek Asset Management, L.P.
EntityCompany
Shares9,000
Max PriceUS$37.23
BuyUS$615,94907 Oct 19
Owl Creek Asset Management, L.P.
EntityCompany
Shares16,267
Max PriceUS$37.98
BuyUS$1,022,19530 Sep 19
Owl Creek Asset Management, L.P.
EntityCompany
Shares28,833
Max PriceUS$35.58
BuyUS$262,70720 Sep 19
Owl Creek Asset Management, L.P.
EntityCompany
Shares6,700
Max PriceUS$39.47
BuyUS$1,959,05117 Sep 19
Owl Creek Asset Management, L.P.
EntityCompany
Shares49,715
Max PriceUS$39.44
BuyUS$3,017,43512 Sep 19
Owl Creek Asset Management, L.P.
EntityCompany
Shares76,883
Max PriceUS$40.37
SellUS$43,500,00003 Sep 19
Cerberus Capital Management, L.P.
EntityCompany
Shares1,000,000
Max PriceUS$43.50
BuyUS$43,500,00030 Aug 19
Owl Creek Asset Management, L.P.
EntityCompany
Shares1,000,000
Max PriceUS$43.50
BuyUS$713,83021 Aug 19
Owl Creek Asset Management, L.P.
EntityCompany
Shares17,000
Max PriceUS$41.99
BuyUS$3,346,89007 Aug 19
Owl Creek Asset Management, L.P.
EntityCompany
Shares76,681
Max PriceUS$43.72
BuyUS$4,307,21901 Aug 19
Owl Creek Asset Management, L.P.
EntityCompany
Shares96,861
Max PriceUS$44.91
BuyUS$1,854,34229 Jul 19
Owl Creek Asset Management, L.P.
EntityCompany
Shares41,300
Max PriceUS$45.00
BuyUS$3,676,12424 Jul 19
Owl Creek Asset Management, L.P.
EntityCompany
Shares83,171
Max PriceUS$45.00
BuyUS$19,253,43024 Jul 19
Owl Creek Asset Management, L.P.
EntityCompany
Shares428,626
Max PriceUS$45.00
SellUS$3,565,61914 Jun 19
Cerberus Capital Management, L.P.
EntityCompany
Shares72,843
Max PriceUS$49.00
SellUS$6,728,80305 Jun 19
Cerberus Capital Management, L.P.
EntityCompany
Shares139,413
Max PriceUS$48.78
SellUS$23,833,10831 May 19
Cerberus Capital Management, L.P.
EntityCompany
Shares477,602
Max PriceUS$50.75
SellUS$1,809,47029 May 19
Brian McAuley
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares36,000
Max PriceUS$50.53

Ownership Breakdown


Management Team

  • Morgan O'Brien (74yo)

    CEO & Director

    • Tenure: 1.5yrs
    • Compensation: US$1.12m
  • Frank Creede (61yo)

    Chief Technical Officer

    • Tenure: 16.8yrs
    • Compensation: US$175.00k
  • Dan Starr

    Vice President of Central & South Regions

    • Tenure: 0yrs
  • Rob Schwartz (53yo)

    President & COO

    • Tenure: 1.4yrs
    • Compensation: US$3.29m
  • Tim Gray (49yo)

    Chief Financial Officer

    • Tenure: 5.3yrs
    • Compensation: US$786.53k
  • Harvey Frazier (72yo)

    Chief Sales & Marketing Officer

    • Tenure: 5.3yrs
  • Laura Politi

    Vice President of Human Resources

    • Tenure: 5.3yrs
  • Elaine Gangeri

    VP & Corporate Controller

    • Tenure: 0yrs
  • Natasha Vecchiarelli

    Director of Corporate Communications

    • Tenure: 0yrs

Board Members

  • Morgan O'Brien (74yo)

    CEO & Director

    • Tenure: 1.5yrs
    • Compensation: US$1.12m
  • T. Akers (62yo)

    Independent Director

    • Tenure: 5.3yrs
    • Compensation: US$158.01k
  • Rachelle Chong (59yo)

    Independent Director

    • Tenure: 1.2yrs
    • Compensation: US$122.48k
  • Singleton McAllister (66yo)

    Independent Director

    • Tenure: 1.2yrs
    • Compensation: US$127.67k
  • Paul Saleh (62yo)

    Independent Director

    • Tenure: 2.8yrs
    • Compensation: US$140.01k
  • Brian McAuley (78yo)

    Chairman of the Board

    • Tenure: 15.2yrs
    • Compensation: US$2.00m
  • Mark Hennessy (61yo)

    Lead Independent Director

    • Tenure: 1.3yrs
    • Compensation: US$177.80k
  • Greg Haller (52yo)

    Independent Director

    • Tenure: 0.9yrs
    • Compensation: US$89.98k
  • Greg Cominos (55yo)

    Independent Director

    • Tenure: 1.2yrs
    • Compensation: US$122.48k

Company Information

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


Key Information

  • Name: Anterix Inc.
  • Ticker: ATEX
  • Exchange: NasdaqCM
  • Founded: 1997
  • Industry: Alternative Carriers
  • Sector: Telecom
  • Market Cap: US$700.109m
  • Shares outstanding: 17.08m
  • Website: https://www.anterix.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ATEXNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDFeb 2015
2X6BST (Boerse-Stuttgart)YesCommon StockDEEURFeb 2015

Biography

Anterix Inc. operates as a wireless communications company. The company focuses on enabling private broadband connectivity for critical infrastructure and enterprise businesses. It holds licensed spectrum  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 03:00
End of Day Share Price2019/10/11 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.

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