Company

Shenandoah Telecommunications Co.

Ticker Symbol

SHEN

Shenandoah Telecommunications Co.

1x1’s (Roadshow)

City

New York

Attending

Adele M. Skolits, CFO
Christopher E. French, CEO

Posted By

Agenda

Meeting Attachments

Location

Contact Person

Please Sign In Or Sign Up
To Get Access.

This Meeting Has Been Viewed 2321 Times

Pro Tip: Invite your network to view this schedule by copying and pasting the URL for this page in your outbound email.

Available Time Slots in New York NY

This event is over

Day	Date	Time Slot	Status

Business Summary

Shenandoah Telecommunications Company, through its subsidiaries, provides regulated and unregulated telecommunications services to end-user customers and other telecommunications providers in Virginia, West Virginia, central Pennsylvania, and western Maryland. It offers a suite of voice, video, and data communications services. The company operates through three segments: Wireless, Cable, and Wireline. The Wireless segment provides digital wireless services; and wireless mobility communications network products and services under the Sprint brand. As of December 31, 2014, it owned 154 cell site towers built on leased land; leased space on 153 towers; and had 198 leases with other wireless communications providers. The Cable segment offers video, Internet, and voice services in Virginia, West Virginia, and western Maryland; and leases fiber optic facilities. The Wireline segment provides regulated and unregulated voice services, DSL Internet access, and long distance access services in Shenandoah County and portions of Rockingham, Frederick, Warren, and Augusta counties in Virginia; video services in portions of Shenandoah County; and leases fiber optic facilities throughout the northern Shenandoah Valley of Virginia, northern Virginia and adjacent areas along the Interstate 81 corridor. The company also offers its telephone and cable television services, unregulated communications equipment sales and services, and Internet access under the Shentel brand. Shenandoah Telecommunications Company was founded in 1902 and is headquartered in Edinburg, Virginia.

Valuation Measures

Market Cap	831.27M
Enterprise Value	939.78M
Trailing P/E	23.71
Price/Sales (ttm)	2.33
Price/Book (mrq)	2.87
Enterprise Value/Revenue (ttm)	2.84
Enterprise Value/EBITDA (ttm)	7.14

Share Statistics

Avg Vol (3 month)	75,492
Avg Vol (10 day)	58,763
Shares Outstanding	24.18M
Float	22.72M
% Held by Insiders1	6.22%
% Held by Institutions1	40.90%
Shares Short (as of Nov 14, 2014)	493.78K
Return on Assets (ttm)	6.81%
Return on Equity (ttm)	13.89%
Fiscal Year Ends	Dec-15
Most Recent Quarter (mrq)	Mar-15

Estimates

Estimates	Current Year	Next Year
	Dec-15	Dec-15
Earnings Est	1.59	1.64
Revenue Est	341.75M	356.56M

Key Executives

0	Mr. Christopher E. French , 57
1	Chairman, Chief Exec. Officer and Pres
2	Ms. Adele M. Skolits , 56
3	Chief Financial Officer, Principal Accounting Officer, VP of Fin. and Treasurer
4	Mr. Earle A. MacKenzie , 62
5	Chief Operating Officer and Exec. VP
6	Mr. William L. Pirtle , 55
7	VP of Wireless
8	Mr. Thomas A. Whitaker , 54
9	VP of Cable

Income statement (Annual)

Period Ending	29.09.2012	28.09.2013	27.09.2014
Total Revenue	288,075	308,942	326,946
Cost of Revenue	117,407	125,140	129,743
Gross Profit	170,668	183,802	197,203
Operating Expenses	-	-	-
Research Development	60,646	67,673	69,370
Selling General and Administrative	10,952	-	-
Non Recurring	64,412	60,722	65,890
Others	0	0	0
Total Operating Expenses	-	-	-
Operating Income or Loss	34,658	55,407	61,943
Income from Continuing Operations
Total Other Income/Expenses Net	1,803	2,525	2,239
Earnings Before Interest And Taxes	36,461	57,932	64,182
Interest Expense	7,850	8,468	8,148
Income Before Tax	28,611	49,464	56,034
Income Tax Expense	12,008	19,878	22,151
Minority Interest	-	-	-
Net Income From Continuing Ops	16,603	29,586	33,883
Non-recurring Events
Discontinued Operations	-300	-	-
Extraordinary Items	-	-	-
Effect Of Accounting Changes	-	-	-
Other Items	-	-	-
Net Income	16,303	29,586	33,883
Preferred Stock And Other Adjustments	-	-	-
Net Income Applicable To Common Shares	16,303	29,586	33,883

Income statement (Quarterly)

Period Ending	27.09.2014	27.12.2014	28.03.2015	27.06.2015
Total Revenue	81,416	82,268	82,810	84,287
Cost of Revenue	32,403	33,331	31,773	30,691
Gross Profit	49,013	48,937	51,037	53,596
Operating Expenses
Research Development	-	-	-	-
Selling General and Administrative	16,624	18,063	17,534	18,733
Non Recurring	-	-	-	-
Others	16,596	16,731	17,176	16,337
Total Operating Expenses	-	-	-	-
Operating Income or Loss	15,793	14,143	16,327	18,526
Income from Continuing Operations
Total Other Income/Expenses Net	572	649	408	534
Earnings Before Interest And Taxes	16,365	14,792	16,735	19,060
Interest Expense	2,064	2,007	2,029	1,915
Income Before Tax	14,301	12,785	14,706	17,145
Income Tax Expense	5,686	4,782	6,057	6,859
Minority Interest	-	-	-	-
Net Income From Continuing Ops	8,615	8,003	8,649	10,286
Non-recurring Events
Discontinued Operations	-	-	-	-
Extraordinary Items	-	-	-	-
Effect Of Accounting Changes	-	-	-	-
Other Items	-	-	-	-
Net Income	8,615	8,003	8,649	10,286
Preferred Stock And Other Adjustments	-	-	-	-
Net Income Applicable To Common Shares	8,615	8,003	8,649	10,286

Peer Comparison

	AAPL	BBRY	GOOG	HPQ	Industry
Market Cap	831.27M	180.40B	190.25B	N/A	797.17M
Employees	642	250,730	178,500	725,001	3.05K
Qtrly Rev Growth (yoy)	5.0%	1.0%	2.0%	N/A	6.0%
Revenue (ttm)	330.78M	132.99B	128.99B	81.00B1	1.18B
Gross Margin (ttm)	61.0%	53.0%	60.0%	N/A	53.0%
EBITDA (ttm)	131.63M	30.02B	36.74B	N/A	267.43M
Operating Margin (ttm)	20.0%	10.0%	16.0%	N/A	15.0%
Net Income (ttm)	35.55M	5.27B	9.91B	N/A	N/A
EPS (ttm)	1.45	1.01	2.40	N/A	0.68
P/E (ttm)	23.71	34.29	19.49	N/A	19.96
PEG (5 yr expected)	4.32	3.68	1.86	N/A	3.13
P/S (ttm)	2.33	1.36	1.47	N/A	0.91

Upcoming Events

Date	Event
Oct 29 - Nov 2, 2015 (Est.)	Earnings announcement

Recent Events

Date	Event
7/31/2015	SHENANDOAH TELECOMMUNICATIONS CO/VA/ Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
7/31/2015	Shenandoah Telecommunications Co Earnings Call scheduled for 1000 am ET today
5/6/2015	Shenandoah Telecom downgraded by Raymond James
5/4/2015	SHENANDOAH TELECOMMUNICATIONS CO/VA/ Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
5/4/2015	Shenandoah Telecommunications Co Earnings Call scheduled for 1100 am ET today
4/22/2015	SHENANDOAH TELECOMMUNICATIONS CO/VA/ Files SEC form 8-K, Submission of Matters to a Vote of Security Holders, Regulat
2/27/2015	SHENANDOAH TELECOMMUNICATIONS CO/VA/ Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
1/20/2015	SHENANDOAH TELECOMMUNICATIONS CO/VA/ Files SEC form 8-K, Results of Operations and Financial Condition, Financial Sta

Major Direct Holders

Major Direct Holders	Shares	Reported
FRENCH CHRISTOPHER E	165,921	Feb-15
BURCH KEN L	231,905	Jul-15
MACKENZIE EARLE A	60,074	Feb-15
ZERKEL JAMES E II	35,755	Feb-15
SKOLITS ADELE M	27,545	Feb-15

Top Institutional Holders

Top Institutional Holders	Shares	% Out	Value*	Reported
Vanguard Group, Inc. (The)	1,335,322	5.52	41,608,633	Mar-15
Dimensional Fund Advisors LP	1,329,697	5.50	41,433,358	Mar-15
BlackRock Fund Advisors	1,315,064	5.44	40,977,394	Mar-15
BlackRock Institutional Trust Company, N.A.	645,765	2.67	20,122,037	Mar-15
Crow Point Partners, LLC	645,000	2.67	20,098,200	Mar-15
Seven Locks Capital Management LP	548,986	2.27	17,106,403	Mar-15
State Street Corporation	418,984	1.73	13,055,541	Mar-15
Northern Trust Corporation	324,286	1.34	10,104,751	Mar-15
Renaissance Technologies, LLC	317,300	1.31	9,887,068	Mar-15
Ameriprise Financial, Inc.	253,516	1.05	7,899,558	Mar-15

Balance sheet (Annual)

Period Ending	29.09.2012	28.09.2013	27.09.2014
Cash And Cash Equivalents	71,086	38,316	68,917
Short Term Investments	-	-	-
Net Receivables	30,811	43,363	46,334
Inventory	9,789	10,715	8,794
Other Current Assets	4,749	5,580	4,279
Total Current Assets	116,435	97,974	128,324
Long Term Investments	8,214	9,332	10,089
Property Plant and Equipment	365,474	408,963	405,907
Goodwill	-	-	-
Intangible Assets	74,932	70,816	68,260
Accumulated Amortization	-	-	-
Other Assets	-	-	-
Deferred Long Term Asset Charges	5,685	9,921	6,662

Total Assets	570,740	597,006	619,242

Liabilities
Current Liabilities
Accounts Payable	56,163	38,244	36,154
Short/Current Long Term Debt	1,977	5,750	23,000
Other Current Liabilities	-	-	-
Total Current Liabilities	58,140	43,994	59,154
Long Term Debt	230,000	224,250	201,250
Other Liabilities	11,953	13,744	16,535
Deferred Long Term Liability Charges	62,799	80,703	83,957
Minority Interest	-	-	-
Negative Goodwill	-	-	-

Total Liabilities	362,892	362,691	360,896

Stockholders' Equity
Misc Stocks Options Warrants	-	-	-
Redeemable Preferred Stock	-	-	-
Preferred Stock	-	-	-
Common Stock	24,688	26,759	29,712
Retained Earnings	184,023	204,962	227,512
Treasury Stock	-	-	-
Capital Surplus	-	-	-
Other Stockholder Equity	-863	2,594	1,122
Total Stockholder Equity	207,848	234,315	258,346

Net Tangible Assets	132,916	163,499	190,086

Balance sheet (Quarterly)

Period Ending	27.09.2014	27.12.2014	28.03.2015	27.06.2015
Cash And Cash Equivalents	72,085	78,643	68,917	77,152
Short Term Investments	-	-	-	-
Net Receivables	27,710	30,754	46,334	34,797
Inventory	7,595	7,605	8,794	10,261
Other Current Assets	4,411	4,980	4,279	5,998
Total Current Assets	111,801	121,982	128,324	128,208
Long Term Investments	9,668	9,999	10,089	10,329
Property Plant and Equipment	405,810	405,843	405,907	402,174
Goodwill	-	-	-	-
Intangible Assets	69,165	68,680	68,260	67,939
Accumulated Amortization	-	-	-	-
Other Assets	-	-	-	-
Deferred Long Term Asset Charges	7,559	8,108	6,662	6,856

Total Assets	604,003	614,612	619,242	615,506

Liabilities
Current Liabilities
Accounts Payable	32,265	34,146	36,154	30,232
Short/Current Long Term Debt	17,250	23,000	23,000	23,000
Other Current Liabilities	-	-	-	-
Total Current Liabilities	49,515	57,146	59,154	53,232
Long Term Debt	212,750	207,000	201,250	195,500
Other Liabilities	15,089	16,240	16,535	16,950
Deferred Long Term Liability Charges	74,886	73,553	83,957	81,504
Minority Interest	-	-	-	-
Negative Goodwill	-	-	-	-

Total Liabilities	352,240	353,939	360,896	347,186

Stockholders' Equity
Misc Stocks Options Warrants	-	-	-	-
Redeemable Preferred Stock	-	-	-	-
Preferred Stock	-	-	-	-
Common Stock	28,236	28,667	29,712	30,307
Retained Earnings	222,193	230,196	227,512	237,798
Treasury Stock	-	-	-	-
Capital Surplus	-	-	-	-
Other Stockholder Equity	1,334	1,810	1,122	215
Total Stockholder Equity	251,763	260,673	258,346	268,320

Net Tangible Assets	182,598	191,993	190,086	200,381

Address

company	Shenandoah Telecommunications Co.
address	500 Shentel Way
city_state_zip	Edinburg, VA 22824
phone	540-984-4141

Business Summary
Valuation Measures
Share Statistics
Estimates
Key Executives
Income statement (Annual)
Income statement (Quarterly)
Peer Comparison
Upcoming Events
Recent Events
Major Direct Holders
Top Institutional Holders
Balance sheet (Annual)
Balance sheet (Quarterly)

Company

Ticker Symbol

Shenandoah Telecommunications Co.

1x1’s (Roadshow)

City

Attending

Posted By

Agenda

Meeting Attachments

Location

Contact Person

Please Sign In Or Sign Up To Get Access.

This Meeting Has Been Viewed 2321 Times

Available Time Slots in New York NY

Business Summary

Valuation Measures

Share Statistics

Estimates

Key Executives

Income statement (Annual)

Income statement (Quarterly)

Peer Comparison

Upcoming Events

Recent Events

Major Direct Holders

Top Institutional Holders

Balance sheet (Annual)

Balance sheet (Quarterly)

Address

Business Summary

Please Sign In Or Sign Up
To Get Access.