Anterix Inc.

Anterix Inc.

ATEXยทNASDAQ

$66.92

+2.4%
Communication ServicesTelecommunications Services

Anterix Inc. operates as a wireless communications company. The company focuses on commercializing its spectrum assets to enable the targeted utility and critical infrastructure customers to deploy private broadband networks, technologies, and solutions. It holds licensed spectrum in the 900 MHz band with coverage throughout the United States, Alaska, Hawaii, and Puerto Rico. The company was formerly known as pdvWireless, Inc. and changed its name to Anterix Inc. in August 2019. Anterix Inc. was incorporated in 1997 and is headquartered in Woodland Park, New Jersey.

At a Glance

Live Snapshot
Market Cap$1.25B
EPS-0.6100
P/E Ratio-109.70
Earnings Date06/10/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -109.7).

Valuation inputs: P/E -109.7, earnings yield N/A, momentum +2.4%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE -7.3%, ROIC -3.8%).

Profitability stack: net margin -1.9%, ROE -7.3%, ROIC -3.8%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +53.0%, momentum +2.4%, net margin -1.9%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

atex

Anterix Inc. Market vs Earnings Trajectory

ATEX ยท NASDAQ

Loading price and EPS data...

Anterix Inc.

Anterix Inc. Fair Value Envelope

ATEX ยท NASDAQ

Our analysis suggests that ATEX has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $66.92, this represents a potential HIDDEN relative to our calculated worth for Anterix Inc..

Intrinsic Value
Current Price: $66.92
3Y-71.0%
5Y-73.0%
10Y-60.0%
3Y+456.0%
5Y+286.0%
10Y+70.0%
3Y-70.0%
5Y-70.0%
10Y-48.0%
3Y-263.0%
5Y-5.0%
10Y+48.0%
3Y+400.0%
5Y+34.0%
10Y+53.0%
3Y+16.0%
5Y+25.0%
10Y+22.0%
Anterix Inc.

Anterix Inc. Profit Bridge

ATEX ยท NASDAQ
Revenue6.03M
Cost of Goods Sold (0.00)
Gross Profit6.03M
Operating Expenses (17.75M)
Operating Income-11.71M
Interest Expense (0.00)
Other Income/Expense2.23M
Pretax Income-9.48M
Income Tax (1.89M)
Net Income-11.37M
Net Income
-11.37M

Profitability Analysis

Gross Margin

100.0%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

-194.2%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-188.6%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

100.00%
Gross Profit Margin
3Y-
5Y-223.0%
10Y+4645.0%
-194.23%
Operating Profit Margin
-20%
3Y-94.0%
5Y-92.0%
10Y-69.0%
-188.56%
Net Profit Margin
-13%
3Y-95.0%
5Y-92.0%
10Y-69.0%
-7.26%
Return on Equity
28%
3Y-64.0%
5Y-53.0%
10Y-13.0%
-3.41%
Return on Assets
22%
3Y-74.0%
5Y-76.0%
10Y-57.0%
-3.81%
Return on Invested Capital
17%
3Y-71.0%
5Y-75.0%
10Y-53.0%
ATEX

Anterix Inc. Cash Conversion Engine

ATEX ยท NASDAQ
Net Income-11.37M
Depreciation & Amortization548.00K
Stock-Based Compensation13.53M
Change in Working Capital7.14M
Others-39.43M
Capital Expenditures-18.18M
Free Cash Flow-47.45M

Cash Flow Quality Analysis

FCF Conversion Rate

417.2%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

-62.1%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-292.4%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

+$7.14M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

atex

Anterix Inc. Funding & Solvency Profile

ATEX ยท NASDAQ
Cash & Cash Equivalents37.89M
Net Receivables8.73M
Inventory0.00
Other Current Assets3.45M
Total Current Assets50 M
Property, Plant & Equipment5.20M
Goodwill & Intangible Assets330.78M
Long-Term Investments0.00
Other Non-Current Assets30.97M
Total Non-Current Assets36 M
Total Assets
417.00M

Financial Health Analysis

Current Ratio

1.39x

Acceptable liquidity, but monitor closely. Current assets just barely cover current liabilities.

Debt-to-Equity Ratio

0.77x

Balanced capital structure with moderate leverage. Equity exceeds debt, suggesting healthy financial stability.

Working Capital

14 M

Positive working capital, but relatively tight. The company should monitor cash flow carefully.

Asset Composition

12% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

atex

Anterix Inc. Street Expectations Map

ATEX ยท NASDAQ

No Target Data

No analyst price targets available for atex.

atex

Anterix Inc. Insider Positioning

ATEX ยท NASDAQ

During the last 12 months, insiders have purchased $175K and sold $219K worth of ATEX shares, resulting in $44K of net selling activity.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

3.6K

75.07K

Sold

0

0.00

Net Activity

+75K

+$75K

6-9 Months

Bought

4.7K

98.95K

Sold

7.0K

147.41K

Net Activity

-48K

-$48K

9-12 Months

Bought

50

1.10K

Sold

3.0K

71.54K

Net Activity

-70K

-$70K

Top Buyers

1
LSA

Lang Scott A.

Director, Officer: President And Ceo

8.3K sharesโ€ข3 transactions

$174K

2
GT

Gray Timothy

Officer: Chief Financial Officer

50 sharesโ€ข1 transactions

$1K

Top Sellers

1
AGL

Ashe Gena L

Officer: Chief Legal Officer & Corp Sec

6.6K sharesโ€ข1 transactions

$138K

2
GC

Guttman-Mccabe Christopher

Officer: Chief Reg & Comm Officer

1.5K sharesโ€ข1 transactions

$36K

3
GR

Gerbrandt Ryan

Officer: Chief Operating Officer

1.5K sharesโ€ข1 transactions

$35K

4
ME

Marquez Elena

Officer: Chief Financial Officer

404 sharesโ€ข1 transactions

$9K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Slightly bearish with $44K net selling. Selling modestly exceeds buying, which could be routine diversification rather than concern.

Buy/Sell Ratio

0.80:1

Moderately negative ratio. Selling is roughly double the buying, which may be routine or signal caution.

Insider Participation

Moderate Selling

4 insider sellers vs. 2 buyers. More insiders selling than buying suggests cautious or negative sentiment.

No Dividend Yield Data

ATEX has not reported any dividend yield values in the available annual periods.

ย 

atex Dividend History

ATEX
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%