# Array Digital Infrastructure Inc. (AD) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Communication Services / Diversified Telecommunication Services. Price $38.50, market value $3.3 billion.

## Valuation
- **P/E (trailing): 5.0×** (5-yr avg 32.1×, 3-yr avg 46.5×). Array Digital Infrastructure Inc. trades at 5.0× trailing earnings, well below its own five-year average of 32.1×: cheap by its own standards. The Communication Services median in the September 2026 study was 21.1×. Forward P/E is 39.7×, higher than trailing, so analysts expect earnings to fall.
- **PEG: 0.18**. A PEG of 0.18 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / book: 2.6×**. The shares trade at 2.6× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 19.1×**. Enterprise value is 19.1× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: -13.8%** (5-yr avg 25.1%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 19.9%**. The inverse of the P/E: 19.9% of the price is earned each year.

## Profitability
- **Operating margin: -31.2%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: 29.9%**. 29.9% of each dollar of sales reaches the bottom line.
- **Return on equity: 1.9%**. 1.9% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 11.7%**. Return on all capital, debt included, is 11.7%.
- **Return on assets: 11.5%**. Each dollar of assets produces 11.5% of profit.

## Growth
- **Revenue growth (1 yr): -95.6%** (3-yr -65.8%/yr, 5-yr -47.2%/yr). Revenue fell 95.6% over the last year, against -47.2% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 221.7%** (3-yr 17.0%/yr, 5-yr -26.6%/yr). Earnings per share rose 221.7%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): -8.9%/yr**. Free cash flow has compounded at -8.9% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Debt to equity: 0.26**. Debt is 0.26 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 2.8×**. It would take 2.8 years of operating earnings to repay net borrowings, within the comfortable range.
- **Current ratio: 0.72** (quick 0.72). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 28.40%** ($11.00 per share, trailing). Array Digital Infrastructure Inc. yields 28.40%, high enough to check carefully: yields this high often precede a cut.
- **Consecutive years of increases: 1**. 1 straight year of increases.

## Analyst view
- **Analyst consensus: buy** (3 analysts). 3 analysts cover Array Digital Infrastructure Inc.; the consensus is buy, with an average price target of $43.33 (+13% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 11.3%** (YTD 9.5%, 3-mo -3.4%). The shares are up 11.3% over twelve months including dividends.
- **From 52-week high: -36.7%** (14.2% above the low). Trading 37% below its 52-week high, deep in a drawdown.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 72**. An RSI of 72 is in overbought territory; short-term pullbacks are common from here.
- **Beta (1 yr): 0.45** (volatility 29%). Beta of 0.45 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=AD · Page: https://foliofundamentals.com/stocks/ad

Not investment advice.