Intrinsic value of ATN International - ATNI

Previous Close

$66.86

  Intrinsic Value

$132.98

stock screener

  Rating & Target

str. buy

+99%

  Value-price divergence*

+20%

Previous close

$66.86

 
Intrinsic value

$132.98

 
Up/down potential

+99%

 
Rating

str. buy

 
Value-price divergence*

+20%

*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 1.0

 

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
  42.20
  38.48
  35.13
  32.12
  29.41
  26.97
  24.77
  22.79
  21.01
  19.41
  17.97
  16.67
  15.51
  14.46
  13.51
  12.66
  11.89
  11.20
  10.58
  10.03
  9.52
  9.07
  8.66
  8.30
  7.97
  7.67
  7.40
  7.16
  6.95
  6.75
Revenue, $m
  457
  650
  900
  1,216
  1,607
  2,079
  2,640
  3,294
  4,044
  4,894
  5,844
  6,895
  8,044
  9,292
  10,635
  12,071
  13,600
  15,217
  16,922
  18,713
  20,589
  22,550
  24,595
  26,726
  28,943
  31,249
  33,646
  36,137
  38,725
  41,416
  44,212
Variable operating expenses, $m
 
  505
  697
  939
  1,239
  1,601
  2,032
  2,533
  3,109
  3,761
  4,490
  5,290
  6,172
  7,129
  8,159
  9,261
  10,434
  11,675
  12,983
  14,357
  15,796
  17,300
  18,870
  20,504
  22,205
  23,975
  25,814
  27,725
  29,711
  31,775
  33,920
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
  505
  697
  939
  1,239
  1,601
  2,032
  2,533
  3,109
  3,761
  4,490
  5,290
  6,172
  7,129
  8,159
  9,261
  10,434
  11,675
  12,983
  14,357
  15,796
  17,300
  18,870
  20,504
  22,205
  23,975
  25,814
  27,725
  29,711
  31,775
  33,920
Operating income, $m
  50
  145
  203
  277
  368
  478
  608
  760
  935
  1,133
  1,354
  1,605
  1,873
  2,163
  2,476
  2,810
  3,166
  3,542
  3,939
  4,356
  4,793
  5,249
  5,725
  6,221
  6,738
  7,274
  7,832
  8,412
  9,015
  9,641
  10,292
EBITDA, $m
  126
  231
  321
  433
  572
  741
  940
  1,173
  1,441
  1,743
  2,082
  2,456
  2,865
  3,310
  3,788
  4,300
  4,844
  5,420
  6,027
  6,665
  7,333
  8,032
  8,760
  9,519
  10,309
  11,130
  11,984
  12,871
  13,793
  14,752
  15,748
Interest expense (income), $m
  4
  6
  15
  27
  42
  60
  82
  108
  139
  174
  214
  258
  307
  361
  420
  483
  550
  621
  697
  777
  861
  949
  1,040
  1,136
  1,236
  1,340
  1,448
  1,560
  1,677
  1,798
  1,924
Earnings before tax, $m
  45
  139
  188
  250
  326
  418
  526
  652
  796
  959
  1,140
  1,347
  1,565
  1,802
  2,056
  2,327
  2,616
  2,921
  3,242
  3,579
  3,932
  4,301
  4,685
  5,085
  5,502
  5,935
  6,385
  6,852
  7,338
  7,843
  8,368
Tax expense, $m
  21
  37
  51
  67
  88
  113
  142
  176
  215
  259
  308
  364
  423
  486
  555
  628
  706
  789
  875
  966
  1,062
  1,161
  1,265
  1,373
  1,485
  1,602
  1,724
  1,850
  1,981
  2,118
  2,259
Net income, $m
  12
  101
  137
  182
  238
  305
  384
  476
  581
  700
  832
  983
  1,143
  1,315
  1,501
  1,699
  1,910
  2,132
  2,367
  2,613
  2,870
  3,139
  3,420
  3,712
  4,016
  4,332
  4,661
  5,002
  5,357
  5,726
  6,109

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
  1,308
  1,811
  2,447
  3,233
  4,183
  5,311
  6,627
  8,138
  9,848
  11,759
  13,872
  16,185
  18,695
  21,398
  24,289
  27,363
  30,618
  34,048
  37,652
  41,426
  45,371
  49,487
  53,774
  58,235
  62,875
  67,698
  72,710
  77,918
  83,331
  88,958
Adjusted assets (=assets-cash), $m
  919
  1,308
  1,811
  2,447
  3,233
  4,183
  5,311
  6,627
  8,138
  9,848
  11,759
  13,872
  16,185
  18,695
  21,398
  24,289
  27,363
  30,618
  34,048
  37,652
  41,426
  45,371
  49,487
  53,774
  58,235
  62,875
  67,698
  72,710
  77,918
  83,331
  88,958
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
  802
  1,110
  1,501
  1,983
  2,566
  3,258
  4,064
  4,991
  6,040
  7,212
  8,508
  9,927
  11,466
  13,123
  14,896
  16,782
  18,778
  20,882
  23,092
  25,407
  27,826
  30,350
  32,979
  35,716
  38,561
  41,519
  44,593
  47,787
  51,107
  54,558
Working capital, $m
  217
  -65
  -90
  -122
  -161
  -208
  -264
  -329
  -404
  -489
  -584
  -689
  -804
  -929
  -1,063
  -1,207
  -1,360
  -1,522
  -1,692
  -1,871
  -2,059
  -2,255
  -2,459
  -2,673
  -2,894
  -3,125
  -3,365
  -3,614
  -3,873
  -4,142
  -4,421
Total debt, $m
  157
  360
  639
  992
  1,427
  1,954
  2,579
  3,307
  4,144
  5,092
  6,151
  7,321
  8,603
  9,993
  11,490
  13,092
  14,795
  16,598
  18,499
  20,495
  22,586
  24,772
  27,052
  29,427
  31,898
  34,469
  37,141
  39,917
  42,803
  45,802
  48,919
Total liabilities, $m
  521
  724
  1,003
  1,356
  1,791
  2,318
  2,943
  3,671
  4,508
  5,456
  6,515
  7,685
  8,967
  10,357
  11,854
  13,456
  15,159
  16,962
  18,863
  20,859
  22,950
  25,136
  27,416
  29,791
  32,262
  34,833
  37,505
  40,281
  43,167
  46,166
  49,283
Total equity, $m
  677
  583
  808
  1,091
  1,442
  1,866
  2,369
  2,956
  3,629
  4,392
  5,245
  6,187
  7,219
  8,338
  9,543
  10,833
  12,204
  13,656
  15,185
  16,793
  18,476
  20,236
  22,071
  23,983
  25,973
  28,042
  30,193
  32,429
  34,752
  37,166
  39,675
Total liabilities and equity, $m
  1,198
  1,307
  1,811
  2,447
  3,233
  4,184
  5,312
  6,627
  8,137
  9,848
  11,760
  13,872
  16,186
  18,695
  21,397
  24,289
  27,363
  30,618
  34,048
  37,652
  41,426
  45,372
  49,487
  53,774
  58,235
  62,875
  67,698
  72,710
  77,919
  83,332
  88,958
Debt-to-equity ratio
  0.232
  0.620
  0.790
  0.910
  0.990
  1.050
  1.090
  1.120
  1.140
  1.160
  1.170
  1.180
  1.190
  1.200
  1.200
  1.210
  1.210
  1.220
  1.220
  1.220
  1.220
  1.220
  1.230
  1.230
  1.230
  1.230
  1.230
  1.230
  1.230
  1.230
  1.230
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
  101
  137
  182
  238
  305
  384
  476
  581
  700
  832
  983
  1,143
  1,315
  1,501
  1,699
  1,910
  2,132
  2,367
  2,613
  2,870
  3,139
  3,420
  3,712
  4,016
  4,332
  4,661
  5,002
  5,357
  5,726
  6,109
Depreciation, amort., depletion, $m
  76
  86
  117
  156
  205
  263
  332
  413
  505
  610
  727
  851
  993
  1,147
  1,312
  1,490
  1,678
  1,878
  2,088
  2,309
  2,541
  2,783
  3,035
  3,298
  3,572
  3,856
  4,152
  4,459
  4,779
  5,111
  5,456
Funds from operations, $m
  138
  188
  255
  339
  443
  568
  716
  889
  1,087
  1,310
  1,560
  1,834
  2,135
  2,462
  2,813
  3,189
  3,588
  4,010
  4,455
  4,922
  5,411
  5,922
  6,455
  7,010
  7,588
  8,188
  8,813
  9,461
  10,136
  10,836
  11,565
Change in working capital, $m
  26
  -19
  -25
  -32
  -39
  -47
  -56
  -65
  -75
  -85
  -95
  -105
  -115
  -125
  -134
  -144
  -153
  -162
  -170
  -179
  -188
  -196
  -205
  -213
  -222
  -231
  -240
  -249
  -259
  -269
  -280
Cash from operations, $m
  112
  207
  280
  370
  482
  615
  772
  954
  1,162
  1,395
  1,655
  1,939
  2,250
  2,586
  2,947
  3,332
  3,741
  4,172
  4,625
  5,101
  5,599
  6,118
  6,660
  7,223
  7,809
  8,419
  9,052
  9,711
  10,394
  11,105
  11,844
Maintenance CAPEX, $m
  0
  -56
  -80
  -111
  -150
  -198
  -257
  -326
  -406
  -499
  -604
  -721
  -851
  -993
  -1,147
  -1,312
  -1,490
  -1,678
  -1,878
  -2,088
  -2,309
  -2,541
  -2,783
  -3,035
  -3,298
  -3,572
  -3,856
  -4,152
  -4,459
  -4,779
  -5,111
New CAPEX, $m
  -135
  -238
  -309
  -390
  -482
  -583
  -692
  -807
  -926
  -1,049
  -1,172
  -1,296
  -1,419
  -1,539
  -1,657
  -1,773
  -1,886
  -1,996
  -2,104
  -2,210
  -2,315
  -2,419
  -2,524
  -2,629
  -2,736
  -2,846
  -2,958
  -3,074
  -3,194
  -3,320
  -3,451
Cash from investing activities, $m
  -309
  -294
  -389
  -501
  -632
  -781
  -949
  -1,133
  -1,332
  -1,548
  -1,776
  -2,017
  -2,270
  -2,532
  -2,804
  -3,085
  -3,376
  -3,674
  -3,982
  -4,298
  -4,624
  -4,960
  -5,307
  -5,664
  -6,034
  -6,418
  -6,814
  -7,226
  -7,653
  -8,099
  -8,562
Free cash flow, $m
  -197
  -87
  -109
  -131
  -150
  -166
  -176
  -178
  -171
  -153
  -121
  -78
  -19
  55
  143
  247
  365
  498
  644
  803
  974
  1,158
  1,353
  1,559
  1,775
  2,002
  2,238
  2,485
  2,741
  3,007
  3,283
Issuance/(repayment) of debt, $m
  92
  215
  279
  352
  435
  527
  625
  729
  837
  947
  1,059
  1,171
  1,281
  1,390
  1,497
  1,602
  1,703
  1,803
  1,900
  1,996
  2,091
  2,185
  2,280
  2,375
  2,472
  2,570
  2,672
  2,777
  2,885
  2,999
  3,117
Issuance/(repurchase) of shares, $m
  -3
  72
  87
  101
  112
  119
  119
  111
  92
  63
  20
  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
  287
  366
  453
  547
  646
  744
  840
  929
  1,010
  1,079
  1,171
  1,281
  1,390
  1,497
  1,602
  1,703
  1,803
  1,900
  1,996
  2,091
  2,185
  2,280
  2,375
  2,472
  2,570
  2,672
  2,777
  2,885
  2,999
  3,117
Total cash flow (excl. dividends), $m
  -101
  200
  257
  323
  397
  479
  568
  661
  758
  857
  958
  1,092
  1,262
  1,445
  1,641
  1,849
  2,069
  2,301
  2,544
  2,799
  3,066
  3,343
  3,633
  3,934
  4,247
  4,572
  4,910
  5,261
  5,626
  6,006
  6,400
Retained Cash Flow (-), $m
  3
  -173
  -224
  -284
  -351
  -424
  -503
  -587
  -674
  -763
  -853
  -942
  -1,032
  -1,119
  -1,205
  -1,289
  -1,371
  -1,451
  -1,530
  -1,607
  -1,683
  -1,759
  -1,835
  -1,912
  -1,990
  -2,069
  -2,151
  -2,235
  -2,323
  -2,414
  -2,509
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
 
  294
  32
  39
  47
  55
  65
  74
  84
  95
  105
  150
  231
  326
  435
  559
  697
  849
  1,014
  1,192
  1,382
  1,584
  1,797
  2,022
  2,257
  2,503
  2,759
  3,026
  3,303
  3,591
  3,890
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
 
  282
  30
  34
  39
  43
  47
  50
  53
  54
  55
  71
  98
  124
  146
  164
  177
  185
  187
  184
  176
  164
  149
  133
  115
  97
  81
  65
  51
  39
  29
Current shareholders' claim on cash, %
  100
  89.5
  81.3
  75.0
  70.2
  66.5
  63.8
  61.8
  60.6
  59.9
  59.7
  59.7
  59.7
  59.7
  59.7
  59.7
  59.7
  59.7
  59.7
  59.7
  59.7
  59.7
  59.7
  59.7
  59.7
  59.7
  59.7
  59.7
  59.7
  59.7
  59.7

ATN International, Inc., through its subsidiaries, provides wireless and wireline telecommunications services in North America, Bermuda, and the Caribbean. The company operates through five segments: U.S. Wireless, International Integrated Telephony, Island Wireless, U.S. Wireline, and Renewable Energy. It offers wholesale wireless voice and data roaming services; wireline local and long-distance telephone services; and facilities-based integrated voice and data communications services, as well as wholesale transport services to enterprise and residential customers. The company also provides wireless devices and accessories comprising smartphones, feature phones, wireless hot spots, and various wireless solutions for small businesses; and sells original equipment manufacturer and after-market accessories, such as phone protection, battery charging solutions, and Bluetooth hands-free kits. In addition, it owns and operates commercial distributed generation solar power systems in the United States; and terrestrial and submarine fiber optic transport systems in the United States and the Caribbean. The company offers its services through direct sales, retail stores, and independent dealers. The company was formerly known as Atlantic Tele-Network, Inc. and changed its name to ATN International, Inc. in June 2016. ATN International, Inc. was founded in 1987 and is headquartered in Beverly, Massachusetts.

FINANCIAL RATIOS  of  ATN International (ATNI)

Valuation Ratios
P/E Ratio 89.9
Price to Sales 2.4
Price to Book 1.6
Price to Tangible Book
Price to Cash Flow 9.6
Price to Free Cash Flow -46.9
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 42.2% 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 10 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%. 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 15.098 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 $1.0 billion.

RELATED COMPANIES Price Int.Val. Rating
VZ Verizon Commun 47.81 42.08  hold
T AT&T 39.41 38.66  hold
S Sprint 8.20 1.35  str.sell
LVLT Level 3 Commun 59.18 27.89  str.sell
CMCSA Comcast Cl A 39.43 31.05  sell
SHEN Shenandoah Tel 30.70 163.67  str.buy
TDS Telephone&Data 28.68 19.95  sell
CNSL Consolidated C 18.41 7.77  str.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]
▶ Atlantic Tele-Network posts 1Q profit   [Apr-27-16 07:45PM  AP]
▶ ATN Reports First Quarter 2016 Results   [05:09PM  GlobeNewswire]
▶ ATN Sets Date To Report First Quarter 2016 Results   [Apr-14-16 01:00PM  GlobeNewswire]
▶ ATN Board Declares Quarterly Dividend   [Mar-15-16 12:00PM  GlobeNewswire]
Stock chart of ATNI Financial statements of ATNI Annual reports 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.