Intrinsic value of ATN International - ATNI

Previous Close

$51.60

  Intrinsic Value

$102.23

stock screener

  Rating & Target

str. buy

+98%

  Value-price divergence*

+47%

Previous close

$51.60

 
Intrinsic value

$102.23

 
Up/down potential

+98%

 
Rating

str. buy

 
Value-price divergence*

+47%

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of ATNI stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 0.8

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  28.73
  23.00
  21.20
  19.58
  18.12
  16.81
  15.63
  14.57
  13.61
  12.75
  11.97
  11.28
  10.65
  10.08
  9.58
  9.12
  8.71
  8.34
  8.00
  7.70
  7.43
  7.19
  6.97
  6.77
  6.60
  6.44
  6.29
  6.16
  6.05
  5.94
  5.85
Revenue, $m
  457
  562
  681
  815
  962
  1,124
  1,300
  1,489
  1,692
  1,907
  2,136
  2,377
  2,630
  2,895
  3,172
  3,461
  3,763
  4,076
  4,402
  4,741
  5,094
  5,460
  5,841
  6,236
  6,647
  7,075
  7,520
  7,984
  8,467
  8,970
  9,494
Variable operating expenses, $m
 
  438
  529
  631
  745
  869
  1,003
  1,149
  1,304
  1,470
  1,645
  1,823
  2,018
  2,221
  2,434
  2,656
  2,887
  3,127
  3,378
  3,638
  3,908
  4,189
  4,481
  4,784
  5,100
  5,428
  5,770
  6,125
  6,496
  6,882
  7,284
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  407
  438
  529
  631
  745
  869
  1,003
  1,149
  1,304
  1,470
  1,645
  1,823
  2,018
  2,221
  2,434
  2,656
  2,887
  3,127
  3,378
  3,638
  3,908
  4,189
  4,481
  4,784
  5,100
  5,428
  5,770
  6,125
  6,496
  6,882
  7,284
Operating income, $m
  50
  125
  152
  183
  218
  255
  296
  340
  388
  438
  491
  553
  612
  674
  738
  806
  876
  949
  1,025
  1,104
  1,186
  1,271
  1,360
  1,452
  1,547
  1,647
  1,751
  1,859
  1,971
  2,088
  2,210
EBITDA, $m
  126
  216
  262
  314
  371
  433
  501
  573
  652
  735
  823
  915
  1,013
  1,115
  1,222
  1,333
  1,449
  1,570
  1,696
  1,826
  1,962
  2,103
  2,249
  2,402
  2,560
  2,725
  2,896
  3,075
  3,261
  3,455
  3,657
Interest expense (income), $m
  4
  6
  11
  17
  23
  30
  37
  46
  54
  64
  74
  85
  96
  108
  120
  133
  147
  161
  176
  191
  207
  223
  240
  258
  277
  296
  316
  337
  358
  381
  405
Earnings before tax, $m
  45
  118
  141
  167
  195
  226
  259
  295
  333
  374
  417
  469
  516
  566
  618
  673
  729
  788
  849
  913
  979
  1,048
  1,119
  1,194
  1,271
  1,351
  1,435
  1,522
  1,612
  1,707
  1,805
Tax expense, $m
  21
  32
  38
  45
  53
  61
  70
  80
  90
  101
  113
  127
  139
  153
  167
  182
  197
  213
  229
  246
  264
  283
  302
  322
  343
  365
  387
  411
  435
  461
  487
Net income, $m
  12
  86
  103
  122
  142
  165
  189
  215
  243
  273
  304
  342
  377
  413
  451
  491
  532
  575
  620
  666
  715
  765
  817
  871
  928
  986
  1,047
  1,111
  1,177
  1,246
  1,318

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  279
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  1,198
  1,131
  1,371
  1,639
  1,936
  2,262
  2,615
  2,996
  3,404
  3,838
  4,297
  4,782
  5,291
  5,825
  6,382
  6,964
  7,571
  8,202
  8,858
  9,540
  10,249
  10,986
  11,752
  12,547
  13,375
  14,236
  15,132
  16,064
  17,035
  18,048
  19,103
Adjusted assets (=assets-cash), $m
  919
  1,131
  1,371
  1,639
  1,936
  2,262
  2,615
  2,996
  3,404
  3,838
  4,297
  4,782
  5,291
  5,825
  6,382
  6,964
  7,571
  8,202
  8,858
  9,540
  10,249
  10,986
  11,752
  12,547
  13,375
  14,236
  15,132
  16,064
  17,035
  18,048
  19,103
Revenue / Adjusted assets
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
Average production assets, $m
  564
  694
  841
  1,005
  1,187
  1,387
  1,604
  1,838
  2,088
  2,354
  2,636
  2,933
  3,245
  3,572
  3,914
  4,271
  4,643
  5,030
  5,433
  5,851
  6,286
  6,738
  7,207
  7,695
  8,203
  8,731
  9,280
  9,852
  10,448
  11,069
  11,716
Working capital, $m
  217
  -61
  -74
  -89
  -105
  -123
  -142
  -162
  -184
  -208
  -233
  -259
  -287
  -316
  -346
  -377
  -410
  -444
  -480
  -517
  -555
  -595
  -637
  -680
  -725
  -771
  -820
  -870
  -923
  -978
  -1,035
Total debt, $m
  157
  263
  395
  544
  709
  889
  1,085
  1,296
  1,522
  1,762
  2,017
  2,285
  2,567
  2,863
  3,172
  3,494
  3,830
  4,180
  4,543
  4,921
  5,314
  5,722
  6,146
  6,587
  7,046
  7,523
  8,019
  8,535
  9,074
  9,634
  10,219
Total liabilities, $m
  521
  627
  759
  908
  1,073
  1,253
  1,449
  1,660
  1,886
  2,126
  2,381
  2,649
  2,931
  3,227
  3,536
  3,858
  4,194
  4,544
  4,907
  5,285
  5,678
  6,086
  6,510
  6,951
  7,410
  7,887
  8,383
  8,899
  9,438
  9,998
  10,583
Total equity, $m
  677
  504
  611
  731
  864
  1,009
  1,166
  1,336
  1,518
  1,712
  1,917
  2,133
  2,360
  2,598
  2,847
  3,106
  3,376
  3,658
  3,951
  4,255
  4,571
  4,900
  5,241
  5,596
  5,965
  6,349
  6,749
  7,165
  7,598
  8,049
  8,520
Total liabilities and equity, $m
  1,198
  1,131
  1,370
  1,639
  1,937
  2,262
  2,615
  2,996
  3,404
  3,838
  4,298
  4,782
  5,291
  5,825
  6,383
  6,964
  7,570
  8,202
  8,858
  9,540
  10,249
  10,986
  11,751
  12,547
  13,375
  14,236
  15,132
  16,064
  17,036
  18,047
  19,103
Debt-to-equity ratio
  0.232
  0.520
  0.650
  0.740
  0.820
  0.880
  0.930
  0.970
  1.000
  1.030
  1.050
  1.070
  1.090
  1.100
  1.110
  1.120
  1.130
  1.140
  1.150
  1.160
  1.160
  1.170
  1.170
  1.180
  1.180
  1.180
  1.190
  1.190
  1.190
  1.200
  1.200
Adjusted equity ratio
  0.433
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  12
  86
  103
  122
  142
  165
  189
  215
  243
  273
  304
  342
  377
  413
  451
  491
  532
  575
  620
  666
  715
  765
  817
  871
  928
  986
  1,047
  1,111
  1,177
  1,246
  1,318
Depreciation, amort., depletion, $m
  76
  92
  110
  130
  153
  178
  204
  233
  264
  297
  332
  362
  401
  441
  483
  527
  573
  621
  671
  722
  776
  832
  890
  950
  1,013
  1,078
  1,146
  1,216
  1,290
  1,366
  1,446
Funds from operations, $m
  138
  178
  213
  252
  295
  342
  393
  448
  507
  570
  636
  704
  777
  854
  935
  1,018
  1,105
  1,196
  1,291
  1,389
  1,491
  1,597
  1,707
  1,821
  1,940
  2,064
  2,193
  2,327
  2,467
  2,613
  2,764
Change in working capital, $m
  26
  -11
  -13
  -15
  -16
  -18
  -19
  -21
  -22
  -24
  -25
  -26
  -28
  -29
  -30
  -32
  -33
  -34
  -36
  -37
  -38
  -40
  -41
  -43
  -45
  -47
  -49
  -51
  -53
  -55
  -57
Cash from operations, $m
  112
  190
  226
  267
  311
  360
  412
  469
  529
  593
  661
  730
  805
  883
  965
  1,050
  1,138
  1,230
  1,326
  1,426
  1,529
  1,637
  1,748
  1,864
  1,985
  2,111
  2,242
  2,378
  2,520
  2,667
  2,822
Maintenance CAPEX, $m
  0
  -70
  -86
  -104
  -124
  -147
  -171
  -198
  -227
  -258
  -291
  -325
  -362
  -401
  -441
  -483
  -527
  -573
  -621
  -671
  -722
  -776
  -832
  -890
  -950
  -1,013
  -1,078
  -1,146
  -1,216
  -1,290
  -1,366
New CAPEX, $m
  -135
  -130
  -147
  -165
  -182
  -200
  -217
  -234
  -250
  -266
  -282
  -297
  -312
  -327
  -342
  -357
  -372
  -387
  -403
  -418
  -435
  -452
  -470
  -488
  -508
  -528
  -549
  -572
  -596
  -621
  -647
Cash from investing activities, $m
  -309
  -200
  -233
  -269
  -306
  -347
  -388
  -432
  -477
  -524
  -573
  -622
  -674
  -728
  -783
  -840
  -899
  -960
  -1,024
  -1,089
  -1,157
  -1,228
  -1,302
  -1,378
  -1,458
  -1,541
  -1,627
  -1,718
  -1,812
  -1,911
  -2,013
Free cash flow, $m
  -197
  -9
  -6
  -2
  5
  14
  24
  37
  52
  69
  88
  108
  131
  155
  182
  210
  239
  270
  303
  337
  372
  409
  447
  487
  528
  570
  614
  660
  708
  757
  808
Issuance/(repayment) of debt, $m
  92
  118
  133
  149
  165
  180
  196
  211
  226
  240
  255
  268
  282
  296
  309
  322
  336
  350
  364
  378
  393
  408
  424
  441
  458
  477
  496
  517
  538
  561
  585
Issuance/(repurchase) of shares, $m
  -3
  8
  4
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  96
  126
  137
  149
  165
  180
  196
  211
  226
  240
  255
  268
  282
  296
  309
  322
  336
  350
  364
  378
  393
  408
  424
  441
  458
  477
  496
  517
  538
  561
  585
Total cash flow (excl. dividends), $m
  -101
  116
  130
  147
  170
  194
  220
  248
  278
  310
  343
  376
  413
  451
  491
  532
  575
  620
  666
  715
  765
  817
  871
  927
  986
  1,047
  1,111
  1,177
  1,246
  1,318
  1,392
Retained Cash Flow (-), $m
  3
  -94
  -107
  -120
  -132
  -145
  -158
  -170
  -182
  -194
  -205
  -216
  -227
  -238
  -249
  -260
  -270
  -281
  -293
  -304
  -316
  -329
  -341
  -355
  -369
  -384
  -400
  -416
  -433
  -451
  -471
Prev. year cash balance distribution, $m
 
  267
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  289
  23
  27
  37
  49
  63
  78
  96
  116
  138
  160
  186
  213
  242
  272
  305
  338
  374
  410
  449
  488
  530
  572
  617
  663
  711
  761
  812
  866
  922
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  277
  21
  24
  30
  38
  45
  53
  60
  67
  72
  76
  79
  81
  81
  80
  77
  74
  69
  63
  57
  51
  44
  38
  31
  26
  21
  16
  13
  9
  7
Current shareholders' claim on cash, %
  100
  98.5
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9

ATN International, Inc. (ATN), formerly Atlantic Tele-Network, Inc., is a holding company. The Company's segments include U.S. Telecom, International Telecom and Renewable Energy. In the United States, it provides wholesale wireless voice and data roaming services in rural markets to national, regional, local and selected international wireless carriers. Its wholesale networks are located principally in the western United States. It provides wireless voice and data service to retail and business customers in Bermuda under the One name, in Guyana under the GTT name and in the United States Virgin Islands under the Innovative and Choice brand names. The Company offers voice services that include local exchange, regional and long distance calling and voice messaging services in Bermuda, Guyana, the United States Virgin Islands, and in other smaller markets in the Caribbean and the United States. It offers services, which include Wireless, Wireline and Renewable Energy.

FINANCIAL RATIOS  of  ATN International (ATNI)

Valuation Ratios
P/E Ratio 69.4
Price to Sales 1.8
Price to Book 1.2
Price to Tangible Book
Price to Cash Flow 7.4
Price to Free Cash Flow -36.2
Growth Rates
Sales Growth Rate 28.7%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 107.7%
Cap. Spend. - 3 Yr. Gr. Rate 14.4%
Financial Strength
Quick Ratio 23
Current Ratio 0
LT Debt to Equity 21.4%
Total Debt to Equity 23.2%
Interest Coverage 12
Management Effectiveness
Return On Assets 1.3%
Ret/ On Assets - 3 Yr. Avg. 3%
Return On Total Capital 1.6%
Ret/ On T. Cap. - 3 Yr. Avg. 3.7%
Return On Equity 1.8%
Return On Equity - 3 Yr. Avg. 3.8%
Asset Turnover 0.4
Profitability Ratios
Gross Margin 71.3%
Gross Margin - 3 Yr. Avg. 73.7%
EBITDA Margin 27.4%
EBITDA Margin - 3 Yr. Avg. 33.9%
Operating Margin 10.9%
Oper. Margin - 3 Yr. Avg. 19.4%
Pre-Tax Margin 9.8%
Pre-Tax Margin - 3 Yr. Avg. 17.1%
Net Profit Margin 2.6%
Net Profit Margin - 3 Yr. Avg. 7.2%
Effective Tax Rate 46.7%
Eff/ Tax Rate - 3 Yr. Avg. 40.7%
Payout Ratio 175%

ATNI stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the ATNI stock intrinsic value calculation we used $457 million for the last fiscal year's total revenue generated by ATN International. The default revenue input number comes from 2016 income statement of ATN International. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our ATNI stock valuation model: a) initial revenue growth rate of 23% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for ATNI is calculated based on our internal credit rating of ATN International, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of ATN International.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of ATNI stock the variable cost ratio is equal to 78.1%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for ATNI stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 4.2% for ATN International.

Corporate tax rate of 27% is the nominal tax rate for ATN International. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the ATNI stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for ATNI are equal to 123.4%.

Life of production assets of 8.1 years is the average useful life of capital assets used in ATN International operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for ATNI is equal to -10.9%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $677 million for ATN International - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 16.246 million for ATN International is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of ATN International at the current share price and the inputted number of shares is $0.8 billion.

RELATED COMPANIES Price Int.Val. Rating
VZ Verizon Commun 49.48 41.56  hold
T AT&T 38.43 38.33  hold
CNSL Consolidated C 18.51 5.66  str.sell
S Sprint 8.03 0.76  str.sell
LVLT Level 3 Commun 52.93 27.37  sell
CMCSA Comcast Cl A 37.46 31.92  sell
SHEN Shenandoah Tel 37.20 157.86  str.buy
TDS Telephone&Data 27.72 19.43  sell

COMPANY NEWS

▶ Atlantic Tele-Network posts 2Q profit   [12:44AM  Associated Press]
▶ Atlantic Tele-Network posts 2Q profit   [Jul-27-17 07:42PM  Associated Press]
▶ ATN Reports Second Quarter 2017 Results   [05:01PM  GlobeNewswire]
▶ ATN Sets Date To Report Second Quarter 2017 Results   [Jul-18-17 05:07PM  GlobeNewswire]
▶ ATN Board Declares Quarterly Dividend   [Jun-16-17 01:58PM  GlobeNewswire]
▶ CORRECTION -- ATN Reports First Quarter 2017 Results   [Apr-26-17 08:07PM  GlobeNewswire]
▶ Atlantic Tele-Network posts 1Q profit   [05:20PM  Associated Press]
▶ ATN Reports First Quarter 2017 Results   [05:00PM  GlobeNewswire]
▶ ATN Sets Date To Report First Quarter 2017 Results   [Apr-17-17 03:13PM  GlobeNewswire]
▶ ATN Board Declares Quarterly Dividend   [Mar-13-17 09:53AM  GlobeNewswire]
▶ Atlantic Tele-Network posts 4Q profit   [Feb-22-17 06:28PM  Associated Press]
▶ Hedge Funds Are Betting On James River Group Holdings Ltd (JRVR)   [Dec-12-16 05:00PM  at Insider Monkey]
▶ ATN Board Declares Quarterly Dividend   [03:40PM  GlobeNewswire]
▶ ATN Reports Second Quarter and Six Month 2016 Results   [Jul-27-16 05:21PM  GlobeNewswire]
▶ ATN Sets Date To Report Second Quarter 2016 Results   [Jul-15-16 10:57AM  GlobeNewswire]
▶ ATN Board Declares Quarterly Dividend   [Jun-22-16 01:01PM  GlobeNewswire]
▶ Atlantic Tele-Network is Now ATN International   [Jun-21-16 03:11PM  GlobeNewswire]
▶ ATN to Speak at Citis 2016 Small and Mid Cap Conference   [May-24-16 09:30AM  GlobeNewswire]
▶ ATN to Speak at Stephens Spring Investment Conference   [May-23-16 03:00PM  GlobeNewswire]
Financial statements of ATNI
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.