Shenandoah Telecommunications Co
Shenandoah Telecommunications Company, together with its subsidiaries, provides broadband services and video and voice services in the United States. The company offers broadband internet, video, and voice services; high-speed Ethernet and dark fiber leasing services; and managed network services to residential and commercial customers in Virginia, West Virginia, Maryland, Pennsylvania, Kentucky,… Read more
Shenandoah Telecommunications Co (SHEN) - Net Assets
Latest net assets as of September 2025: $979.63 Million USD
Based on the latest financial reports, Shenandoah Telecommunications Co (SHEN) has net assets worth $979.63 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.85 Billion) and total liabilities ($870.79 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $979.63 Million |
| % of Total Assets | 52.94% |
| Annual Growth Rate | 11.75% |
| 5-Year Change | 73.48% |
| 10-Year Change | 245.26% |
| Growth Volatility | 11.94 |
Shenandoah Telecommunications Co - Net Assets Trend (1992–2024)
This chart illustrates how Shenandoah Telecommunications Co's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Shenandoah Telecommunications Co (1992–2024)
The table below shows the annual net assets of Shenandoah Telecommunications Co from 1992 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.00 Billion | +53.38% |
| 2023-12-31 | $652.67 Million | +2.30% |
| 2022-12-31 | $638.01 Million | -0.66% |
| 2021-12-31 | $642.27 Million | +11.30% |
| 2020-12-31 | $577.05 Million | +22.93% |
| 2019-12-31 | $469.42 Million | +6.14% |
| 2018-12-31 | $442.25 Million | +26.28% |
| 2017-12-31 | $350.22 Million | +18.36% |
| 2016-12-31 | $295.89 Million | +2.05% |
| 2015-12-31 | $289.94 Million | +12.23% |
| 2014-12-31 | $258.35 Million | +10.26% |
| 2013-12-31 | $234.31 Million | +12.73% |
| 2012-12-31 | $207.85 Million | +5.15% |
| 2011-12-31 | $197.66 Million | +3.86% |
| 2010-12-31 | $190.31 Million | +8.33% |
| 2009-12-31 | $175.67 Million | +4.81% |
| 2008-12-31 | $167.61 Million | +10.91% |
| 2007-12-31 | $151.12 Million | +11.79% |
| 2006-12-31 | $135.19 Million | +11.18% |
| 2005-12-31 | $121.60 Million | +6.86% |
| 2004-12-31 | $113.80 Million | +7.15% |
| 2003-12-31 | $106.21 Million | +35.74% |
| 2002-12-31 | $78.24 Million | +2.36% |
| 2001-12-31 | $76.44 Million | +12.33% |
| 2000-12-31 | $68.05 Million | -6.44% |
| 1999-12-31 | $72.73 Million | +40.38% |
| 1998-12-31 | $51.81 Million | +7.04% |
| 1997-12-31 | $48.40 Million | +7.87% |
| 1996-12-31 | $44.87 Million | +10.06% |
| 1995-12-31 | $40.77 Million | +13.77% |
| 1994-12-31 | $35.84 Million | +14.86% |
| 1993-12-31 | $31.20 Million | +9.09% |
| 1992-12-31 | $28.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shenandoah Telecommunications Co's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 3117.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $769.00 Million | 83.72% |
| Other Comprehensive Income | $1.85 Million | 0.20% |
| Other Components | $147.73 Million | 16.08% |
| Total Equity | $918.58 Million | 100.00% |
Shenandoah Telecommunications Co Competitors by Market Cap
The table below lists competitors of Shenandoah Telecommunications Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Xiamen Red Phase Instruments Inc
SHE:300427
|
$665.51 Million |
|
JWIPC Technology Co Ltd
SHE:001339
|
$665.52 Million |
|
Svolder AB (publ)
ST:SVOL-A
|
$665.59 Million |
|
Hornbach Holding VZO O.N.
XETRA:HBH
|
$665.59 Million |
|
Arvinas Inc
NASDAQ:ARVN
|
$665.05 Million |
|
BEML Limited
NSE:BEML
|
$665.02 Million |
|
Huawen Media Investment Corp
SHE:000793
|
$664.17 Million |
|
Zhejiang Publishing & Media Co Ltd
SHG:601921
|
$663.91 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shenandoah Telecommunications Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 652,670,000 to 918,583,000, a change of 265,913,000 (40.7%).
- Net income of 190,388,000 contributed positively to equity growth.
- Dividend payments of 5,805,000 reduced retained earnings.
- Share repurchases of 1,727,000 reduced equity.
- Other comprehensive income increased equity by 185,000.
- Other factors increased equity by 82,872,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $190.39 Million | +20.73% |
| Dividends Paid | $5.80 Million | -0.63% |
| Share Repurchases | $1.73 Million | -0.19% |
| Other Comprehensive Income | $185.00K | +0.02% |
| Other Changes | $82.87 Million | +9.02% |
| Total Change | $- | 40.74% |
Book Value vs Market Value Analysis
This analysis compares Shenandoah Telecommunications Co's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.87x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 23.42x to 0.87x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1992-12-31 | $0.63 | $14.85 | x |
| 1993-12-31 | $0.69 | $14.85 | x |
| 1994-12-31 | $0.77 | $14.85 | x |
| 1995-12-31 | $0.87 | $14.85 | x |
| 1996-12-31 | $0.96 | $14.85 | x |
| 1997-12-31 | $1.03 | $14.85 | x |
| 1998-12-31 | $1.10 | $14.85 | x |
| 1999-12-31 | $1.56 | $14.85 | x |
| 2000-12-31 | $1.47 | $14.85 | x |
| 2001-12-31 | $1.63 | $14.85 | x |
| 2002-12-31 | $1.69 | $14.85 | x |
| 2003-12-31 | $2.33 | $14.85 | x |
| 2004-12-31 | $2.48 | $14.85 | x |
| 2005-12-31 | $2.63 | $14.85 | x |
| 2006-12-31 | $2.90 | $14.85 | x |
| 2007-12-31 | $3.22 | $14.85 | x |
| 2008-12-31 | $3.55 | $14.85 | x |
| 2009-12-31 | $3.72 | $14.85 | x |
| 2010-12-31 | $4.00 | $14.85 | x |
| 2011-12-31 | $4.18 | $14.85 | x |
| 2012-12-31 | $4.34 | $14.85 | x |
| 2013-12-31 | $4.86 | $14.85 | x |
| 2014-12-31 | $5.30 | $14.85 | x |
| 2015-12-31 | $5.91 | $14.85 | x |
| 2016-12-31 | $6.06 | $14.85 | x |
| 2017-12-31 | $7.00 | $14.85 | x |
| 2018-12-31 | $8.83 | $14.85 | x |
| 2019-12-31 | $9.37 | $14.85 | x |
| 2020-12-31 | $11.54 | $14.85 | x |
| 2021-12-31 | $12.81 | $14.85 | x |
| 2022-12-31 | $12.72 | $14.85 | x |
| 2023-12-31 | $12.87 | $14.85 | x |
| 2024-12-31 | $17.10 | $14.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shenandoah Telecommunications Co utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 20.73%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 58.03%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 1.89x
- Recent ROE (20.73%) is above the historical average (16.44%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1992 | 13.99% | 22.99% | 0.39x | 1.57x | $1.14 Million |
| 1993 | 14.74% | 25.14% | 0.37x | 1.59x | $1.48 Million |
| 1994 | 14.01% | 23.98% | 0.39x | 1.52x | $1.39 Million |
| 1995 | 15.87% | 28.43% | 0.37x | 1.53x | $2.30 Million |
| 1996 | 11.58% | 19.64% | 0.32x | 1.84x | $681.80K |
| 1997 | 9.63% | 14.46% | 0.35x | 1.92x | $-171.49K |
| 1998 | 11.31% | 15.74% | 0.38x | 1.89x | $649.10K |
| 1999 | 9.15% | 15.22% | 0.32x | 1.89x | $-599.50K |
| 2000 | 14.86% | 16.50% | 0.40x | 2.27x | $3.22 Million |
| 2001 | 21.95% | 18.45% | 0.53x | 2.24x | $8.91 Million |
| 2002 | 5.90% | 4.86% | 0.57x | 2.14x | $-3.14 Million |
| 2003 | 30.20% | 30.30% | 0.57x | 1.75x | $21.45 Million |
| 2004 | 9.00% | 8.47% | 0.57x | 1.86x | $-1.14 Million |
| 2005 | 8.83% | 7.33% | 0.71x | 1.69x | $-1.43 Million |
| 2006 | 13.26% | 10.59% | 0.81x | 1.54x | $4.40 Million |
| 2007 | 12.44% | 13.32% | 0.64x | 1.47x | $3.69 Million |
| 2008 | 14.56% | 16.90% | 0.54x | 1.59x | $7.64 Million |
| 2009 | 8.59% | 9.40% | 0.59x | 1.55x | $-2.48 Million |
| 2010 | 9.50% | 9.27% | 0.42x | 2.45x | $-955.50K |
| 2011 | 6.57% | 5.17% | 0.52x | 2.43x | $-6.77 Million |
| 2012 | 7.84% | 5.66% | 0.50x | 2.75x | $-4.48 Million |
| 2013 | 12.63% | 9.58% | 0.52x | 2.55x | $6.15 Million |
| 2014 | 13.12% | 10.36% | 0.53x | 2.40x | $8.05 Million |
| 2015 | 14.09% | 11.93% | 0.54x | 2.17x | $11.87 Million |
| 2016 | -0.30% | -0.17% | 0.36x | 5.02x | $-30.48 Million |
| 2017 | 18.96% | 10.85% | 0.43x | 4.03x | $31.37 Million |
| 2018 | 10.54% | 7.39% | 0.42x | 3.36x | $2.37 Million |
| 2019 | 11.82% | 26.83% | 0.11x | 3.96x | $8.56 Million |
| 2020 | 21.78% | 56.92% | 0.11x | 3.51x | $67.97 Million |
| 2021 | 155.51% | 407.29% | 0.28x | 1.39x | $934.60 Million |
| 2022 | -1.31% | -3.37% | 0.25x | 1.53x | $-72.18 Million |
| 2023 | 1.23% | 2.80% | 0.24x | 1.86x | $-57.23 Million |
| 2024 | 20.73% | 58.03% | 0.19x | 1.89x | $98.53 Million |
Industry Comparison
This section compares Shenandoah Telecommunications Co's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $44,462,353,944
- Average return on equity (ROE) among peers: -3489.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shenandoah Telecommunications Co (SHEN) | $979.63 Million | 13.99% | 0.89x | $665.48 Million |
| Airtel Africa Plc (AARTY) | $2.77 Billion | 7.93% | 3.33x | $6.92 Billion |
| Airborne Wireless Network (ABWN) | $106.58K | -34635.01% | 3.96x | $437.69K |
| Access-Power & Co. Inc (ACCR) | $753.00 | -0.13% | 3.17x | $572.84K |
| Array Digital Infrastructure, Inc. (AD) | $3.69 Billion | 0.33% | 0.85x | $745.85 Million |
| Alvarion Ltd (ALVRQ) | $122.09 Million | -80.66% | 0.76x | $0.97 |
| América Móvil, S.A.B. de C.V. (AMXOF) | $437.83 Billion | 17.39% | 2.70x | $12.75 Billion |
| Alpha One Inc (AOAO) | $27.96 Million | -1.08% | 0.50x | $11.15 Million |
| American Nortel Communications Inc (ARTM) | $333.42K | -8.16% | 0.37x | $213.62 |
| Vapor Hub International Inc. (ASHI) | $15.12K | -175.34% | 0.19x | $5.26K |
| Anterix Inc (ATEX) | $180.76 Million | -23.23% | 0.09x | $481.87 Million |