ATN International, Inc. (ATNI) stock analysis
Close on Nov 13, 2026Market cap $437.46MP/E 2.5Yield 3.77%
StockData Score
Prices as of Nov 13, 2026How the score works
Mixed14 of 30 checks passed
ATN International passes 14 of the 30 checks behind our score; 7 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 5/6
- Growth
- 0/6
- Past performance
- 3/6
- Financial health
- 3/6
- Dividend
- 3/6
What stands out
Margin of safety over 20%
The price is 81.7% below fair value, more than the 20% cushion we look for.
Trading below fair value
The share price of $28.40 is below our fair value estimate of $154.86.
Return on capital over 10%
Return on invested capital was 27.4%, above the 10% that usually covers the cost of capital.
Interest well covered
Operating income covers interest expense 6.5 times.
What to watch
High debt
Debt is 88.0% of shareholders' equity, above the 40% we consider low.
Revenue growing under 10% a year
Revenue grew 0.1% a year over the last three fiscal years, short of the 10% we look for.
Elevated bankruptcy risk
The Altman Z-score is 1.61; above 3 is the safe zone and below 1.8 the distress zone.
Guidance lowered
ATN International lowered its full-year 2026 Adjusted EBITDA outlook on Aug 6, 2026.
Valuation5/6
P/E against its history
Not enough price and earnings history to compare.
P/E below the industry
ATN International's P/E of 2.5 is below the Telephone Communications median of 13.1.
EV/EBITDA below its 5-year median
ATN International's EV/EBITDA of 1.9 is below its 5-year median of 6.2.
P/B below the industry
ATN International's price-to-book of 0.72 is below the Telephone Communications median of 1.75.
Trading below fair value
The share price of $28.40 is below our fair value estimate of $154.86.
Margin of safety over 20%
The price is 81.7% below fair value, more than the 20% cushion we look for.
Growth0/6
Revenue growing under 10% a year
Revenue grew 0.1% a year over the last three fiscal years, short of the 10% we look for.
EPS growth over 3 years
Needs positive EPS three years ago and today.
Earnings acceleration
Needs positive net income now, a year ago and five years ago.
Growing slower than the industry
Revenue grew 1.4% over the last twelve months; the Telephone Communications median is 5.5%.
Guidance lowered
ATN International lowered its full-year 2026 Adjusted EBITDA outlook on Aug 6, 2026.
Gross margin trend
This company does not report gross profit.
Past performance3/6
Return on equity
Needs positive equity and five years of results.
Return on capital over 10%
Return on invested capital was 27.4%, above the 10% that usually covers the cost of capital.
Return on equity above the industry
ATN International's return on equity of 33.8% is above the Telephone Communications median of 8.4%.
Earnings over 5 years
Needs positive net income five years ago and in the latest year.
Net margin against its history
Needs five years of revenue and net income.
Net margin above the industry
ATN International's net margin of 24.5% is above the Telephone Communications median of 6.5%.
Financial health3/6
High debt
Debt is 88.0% of shareholders' equity, above the 40% we consider low.
Debt rising against equity
Debt to equity rose from 11.3% five years ago to 88.0%.
Debt covered by cash flow
Operating cash flow over the last twelve months equals 21.0% of total debt.
Interest well covered
Operating income covers interest expense 6.5 times.
Short-term assets cover short-term debts
Current assets are 1.72 times current liabilities.
Elevated bankruptcy risk
The Altman Z-score is 1.61; above 3 is the safe zone and below 1.8 the distress zone.
Dividend3/6
Pays a dividend
ATN International paid dividends worth 4.0% of the share price over the last twelve months.
Yield below Treasuries
The 4.0% yield is below the 4.7% on a 1-year Treasury.
Yield in the top quarter
The top quarter of US dividend payers yield 3.8% or more; ATN International yields 4.0%.
Dividend was cut
The dividend per share fell by more than 10% at least once in the last 10 fiscal years.
Covered by earnings
Dividends take 9.5% of net income.
Not covered by free cash flow
Dividends take 97.8% of free cash flow.
Fair value
How we estimate itOur estimate per share
$154.86
The share price is 82% below this estimate.
| Method | Multiple used | Own 5Y median | Industry median | Value per share | Weight |
|---|---|---|---|---|---|
| P/E | 13.1× | – | 13.1× | $146.73 | 53% |
| EV/EBITDA | 6.7× | 6.2× | 7.3× | $164.15 | 47% |
| Earnings powerleft out, too far from the others | 7.8% cost of equity | – | – | $8.69 | – |
| Fair value | $154.86 | 100% | |||
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
- P/E at month end
- Telephone Communications median 13.1
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Medium risk
- Average value traded per day
- $2.71M
- Value traded per 1% price move
- $1.64M
Downside
Low risk
- Typical loss in a bad month
- 14.4%
- Volatility (annualized)
- 51%
- Sharpe ratio, 1 year
- 0.77
- Beta to the S&P 500 (5Y)
- 0.55
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2011 to 2025
Operating margin
Net margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -0.2% | +0.1% | +9.8% | +7.4% | |
| Operating income | – | +53.0% | +25.4% | -9.7% | |
| Free cash flow | +150.3% | – | +32.0% | -5.1% | |
| Dividend per share | +11.5% | +14.1% | +9.5% | -1.3% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | -3.2% | |
| Return on assets | – | – | -0.9% | |
| Current ratio | 2.45 | 1.62 | 1.25 | |
| Debt to equity | 0.23 | 0.11 | 1.27 | |
| Net debt to EBITDA | -1.03× | -0.34× | 2.87× | |
| Interest coverage | 9.6× | 1.7× | 0.6× | |
| Capex to revenue | 27.2% | 16.5% | 12.4% | |
| Diluted shares | 16M | 16M | 15M |
Where the cash went
Fiscal 2021 to 2025, five years combined
ATN International generated $556.94M from operations and spent $721.78M on capital expenditure, dividends and share buybacks. 86% of that went back into the business.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -2.0% | 0.43× | 3.64× | -3.2% |
| FY2024 | -3.6% | 0.42× | 3.41× | -5.1% |
| FY2023 | -1.9% | 0.44× | 3.11× | -2.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero-$14.91M
- Cash generatingOperating cash flow above zero$133.94M
- Return on assets improvedROA up on the prior year-1.5% → -0.9%
- Earnings backed by cashOperating cash flow above net income$133.94M vs -$14.91M
- Less leverageLong-term debt to assets fell31.8% → 32.8%
- Better liquidityCurrent ratio rose1.16 → 1.25
- No dilutionShare count did not rise15M → 15M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.41 → 0.42
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