SHEN Snapshot del titolo Prezzo, capitalizzazione di mercato, P/E, EPS, ROE, debito/capitale proprio, intervallo 52 settimane

03

Prezzo $10.86

Capitalizzazione di Mercato (MRQ) $601M

P/E (TTM) -13.4

EPS (TTM) $-0.81

Ricavi (TTM) $367M

Rendimento div. 1.1%

ROE (TTM) -4.3%

D/E Debito/Patrimonio (MRQ) 0.8

Intervallo 52 sett. $10–$17

SHEN Grafico del prezzo delle azioni OHLCV giornaliero con indicatori tecnici — panoramica, zoom e personalizza la tua visualizzazione

04

intervallo

barre

La granularità delle barre si adatta al periodo selezionato — passa il mouse sul grafico per vedere apertura/massimo/minimo/chiusura di una barra.

Split azionari 3

Data ex-dividendo	Split	Tipo
05 Gennaio 2016	2-for-1	Avanti
20 Agosto 2007	3-for-1	Avanti
23 Febbraio 2004	2-for-1	Avanti

Performance decennale Andamento di ricavi, utile netto, margini e EPS

06

Ricavi$358M

2016-12-31 → 2025-12-31

EPS$-0.71

2016-12-31 → 2025-12-31

Flusso di cassa libero$-258M

2016-12-31 → 2025-12-31

Margine netto-10.4%

2016-12-31 → 2025-12-31

Valutazione e Rapporti 07–12

Valutazione Rapporti P/E, P/S, P/B, EV/EBITDA — il titolo è costoso o economico?

Metrica	SHEN	media 5 anni	Mediana dei peer	Verdetto
P/E (TTM)	-13.4media 5 anni ≈6.1	≈6.1	·	·
P/S (TTM)	1.6media 5 anni ≈3.3	≈3.3	1.0	Sopravvalutato
P/B (MRQ)	0.7media 5 anni ≈1.3	≈1.3	1.3	Sottovalutato
EV / EBITDA	11.3media 5 anni ≈16.0	≈16.0	8.8	Sopravvalutato
Prezzo / FCF (TTM)	-2.6media 5 anni ≈-4.6	≈-4.6	·	·
Prezzo / Flusso di cassa (TTM)	5.5media 5 anni ≈6.5	≈6.5	4.7	Sopravvalutato
EV / Revenue (EV / Ricavi)	3.4media 5 anni ≈3.9	≈3.9	·	·
EV / FCF	-4.7media 5 anni ≈-5.6	≈-5.6	·	·
Prezzo / Valore contabile tangibile (MRQ)	0.8media 5 anni ≈1.5	≈1.5	·	·

La mediana dei peer viene calcolata su base standardizzata per metrica e potrebbe non corrispondere sempre alla base TTM/MRQ mostrata per questo titolo.

Redditività Margini lordi, operativi e netti; ROE, ROA, ROIC

Metrica	SHEN	media 5 anni	Mediana dei peer	Verdetto
Margine Operativo (TTM)	-5.3%media 5 anni ≈-3.2%	≈-3.2%	11.7%	Debole
Margine EBITDA (TTM)	30.3%media 5 anni ≈24.2%	≈24.2%	21.0%	Debole
Margine ante imposte (TTM)	-13.5%media 5 anni ≈-4.1%	≈-4.1%	10.0%	Debole
Margine di Profitto Netto (TTM)	-10.4%media 5 anni ≈91.4%	≈91.4%	6.9%	Debole
ROA (TTM)	-2.0%media 5 anni ≈15.9%	≈15.9%	4.3%	Debole
ROE (TTM)	-4.3%media 5 anni ≈34.5%	≈34.5%	-3.2%	Debole
ROIC	-1.2%media 5 anni ≈-0.71%	≈-0.71%	2.9%	Debole

Salute finanziaria Debito, liquidità, solvibilità — solidità del bilancio

Metrica	SHEN	media 5 anni	Mediana dei peer	Verdetto
Debito / Patrimonio Netto (MRQ)	0.8media 5 anni ≈0.3	≈0.3	0.8	In linea
Rapporto corrente (MRQ)	0.9media 5 anni ≈1.5	≈1.5	1.2	Bassa liquidità
Quick Ratio	0.5media 5 anni ≈1.0	≈1.0	0.7	Bassa liquidità
Debito a lungo termine / Patrimonio netto (MRQ)	0.8media 5 anni ≈0.4	≈0.4	0.8	Debito elevato

Crescita Crescita di ricavi, EPS e utile netto: YoY, CAGR 3Y, CAGR 5Y

Metrica	SHEN	media 5 anni	Mediana dei peer	Verdetto
Revenue YoY (Ricavi YoY)	9.1%media 5 anni ≈10.3%	≈10.3%	·	·
Revenue CAGR 3Y (CAGR Ricavi 3Y)	12.9%media 5 anni ≈10.0%	≈10.0%	·	·
Revenue CAGR 5Y (CAGR Ricavi 5Y)	10.1%	·	·	·
EPS YoY	2112.5%	·	·	·
Net Income YoY (Utile Netto YoY)	2311.3%	·	·	·
EPS CAGR 3Y (CAGR EPS 3 anni)	-43.8%	·	·	·
Net Income CAGR 3Y (CAGR Utile Netto 3 anni)	-42.1%	·	·	·

Metriche per Azione EPS, valore contabile per azione, flusso di cassa per azione, dividendo per azione

Metrica	SHEN	media 5 anni	Mediana dei peer	Verdetto
EPS (Diluted) (EPS (Diluito))	$-0.71media 5 anni ≈$4.55	≈$4.55	·	·
Revenue / Share (Ricavi / Azione)	$6.49media 5 anni ≈$5.70	≈$5.70	·	·
Cash Flow / Share (Flusso di cassa / Azione)	$1.83media 5 anni ≈$0.35	≈$0.35	·	·
Cash / Share (Liquidità / Azione)	$0.50media 5 anni ≈$1.34	≈$1.34	·	·

Efficienza del Capitale Rotazione delle attività, rotazione delle scorte, rotazione dei crediti

Metrica	SHEN	media 5 anni	Mediana dei peer	Verdetto
Asset Turnover (Rotazione delle attività)	0.2media 5 anni ≈0.2	≈0.2	0.4	Debole
Receivables Turnover (Rotazione dei crediti)	11.7media 5 anni ≈11.4	≈11.4	10.3	In linea
Revenue / Employee (Ricavi / Dipendente)	≈$343.8K	·	·	·

valore · ≈ media 5 anni · mediana del settore · giudizio rispetto alla mediana

Dividendi Rendimento, payout ratio, storico dividendi, CAGR 5Y

13

Dividend Yield1.1%

Rapporto di Distribuzione Utili-19.6%

Pagamento annualizzato≈$0.11Pagato annualmente

CAGR Dividendi 5Y≈-20.2%Per azione, rettificato per lo split

Striscia di crescita≈3Anni consecutivi di crescita dei dividendi

Data ex-dividendo	Importo	Valuta	Rendimento
Nov 7, 2025	$0,11	USD	≈1.0%
Nov 5, 2024	$0,10	USD	≈0.69%
Nov 6, 2023	$0,09	USD	≈0.37%
Nov 4, 2022	$0,08	USD	≈0.42%
Nov 5, 2021	$0,07	USD	≈67.0%
Ago 3, 2021	$18,75	USD	≈64.5%
Nov 10, 2020	$0,34	USD	≈0.72%
Nov 13, 2019	$0,29	USD	≈0.81%
Nov 8, 2018	$0,27	USD	≈0.63%
Nov 2, 2017	$0,26	USD	≈0.70%
Nov 2, 2016	$0,25	USD	≈1.0%
Nov 3, 2015	$0,24	USD	≈1.0%
Nov 3, 2014	$0,24	USD	≈1.6%
Nov 4, 2013	$0,18	USD	≈1.4%
Nov 5, 2012	$0,17	USD	≈2.5%
Nov 7, 2011	$0,17	USD	≈2.6%
Nov 5, 2010	$0,17	USD	≈1.7%
Nov 6, 2009	$0,16	USD	≈1.9%
Nov 7, 2008	$0,15	USD	≈1.3%
Nov 9, 2007	$0,14	USD	≈1.2%

Cronologia utili EPS effettivo vs stima, surprise %, tasso di superamento, data prossimi utili

14

Sorpresa media 6.7%

Prossimo report Ott 27, 2026

Periodo	Rapporto	EPS Actual	EPS Stimato	Sorpresa
30 Giugno 2026	Lug 29, 2026	$-0.17	$-0.25	31.6%
31 Marzo 2026		$-0.31	$-0.26	-19.9%
31 Dicembre 2025		$-0.10	$-0.20	51.1%
30 Settembre 2025		$-0.20	$-0.22	11.1%
30 Giugno 2025		$-0.19	$-0.20	3.5%
31 Marzo 2025		$-0.19	$-0.14	-37.0%

Fondamentali Completi Tutte le metriche per anno — conto economico, stato patrimoniale, rendiconto finanziario

15

Conto Economico 15

Metrica	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	$358M	$328M	$269M	$249M	$245M	$221M	$207M	$193M	$612M	$535M	$342M	$327M
Cost of Revenue	·	·	·	·	·	·	·	·	$212M	$194M	$121M	$130M
SG&A Expense	$118M	$115M	$99M	$91M	$82M	$85M	$78M	$71M	$166M	$133M	$73M	$69M
Operating Expenses	$381M	$357M	$269M	$266M	$248M	$223M	$208M	$196M	$565M	$513M	$268M	$265M
Operating Income	$-23M	$-29M	$142.0K	$-17M	$-2M	$-3M	$-1M	$-3M	$47M	$23M	$74M	$62M
Interest Expense	·	·	·	·	$3M	·	$29M	$35M	$38M	$25M	$7M	$8M
Other Non-op	$7M	$6M	$6M	$215.0K	$9M	$3M	$3M	$4M	$5M	$4M	$2M	$2M
Pretax Income	$-42M	$-38M	$2M	$-19M	$6M	$586.0K	$2M	$734.0K	$13M	$2M	$69M	$56M
Income Tax	$-9M	$-10M	$501.0K	$-3M	$-2M	$-990.0K	$6.0K	$-1M	$-53M	$3M	$28M	$22M
Net Income	$-33M	$194M	$8M	$-8M	$999M	$126M	$56M	$47M	$66M	$-895.0K	$41M	$34M
EPS (Basic)	$-0.71	$3.54	$0.16	$-0.17	$19.97	$2.52	$1.11	$0.94	$1.35	$-0.02	$0.84	$0.70
EPS (Diluted)	$-0.71	$3.54	$0.16	$-0.17	$19.92	$2.51	$1.11	$0.93	$1.33	$-0.02	$0.83	$0.70
Shares (Basic)	55,100,000	53,722,000	50,396,000	50,155,000	50,026,000	49,901,000	49,811,000	49,542,000	49,150,000	48,807,000	48,388,000	48,198,000
Shares (Diluted)	55,100,000	53,722,000	50,715,000	50,155,000	50,149,000	50,024,000	50,101,000	50,063,000	50,026,000	48,807,000	49,024,000	48,720,000
EBITDA	$106M	$68M	$75M	$61M	$53M	$48M	$257M	$93M	$47M	$23M	$74M	$62M

Stato Patrimoniale 28

Metrica	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Cash & Equivalents	$27M	$46M	$139M	$44M	$84M	$195M	$102M	$85M	$79M	$36M	$77M	$69M
Receivables	$31M	$30M	$20M	$21M	$22M	$70M	$64M	$54M	$54M	$70M	$30M	$30M
Inventory	·	·	·	·	·	·	$6M	$5M	$6M	$39M	$4M	$9M
Prepaid Expense	$15M	$17M	$12M	$12M	$30M	$8M	$9M	$60M	$17M	$16M	$9M	$4M
Other Current Assets	$4M	$7M	$3M	$1M	$2M	$1M	$2M	$2M	$1M	·	·	·
Current Assets	$97M	$95M	$176M	$129M	$166M	$1.41B	$242M	$210M	$173M	$161M	$128M	$128M
PP&E (Net)	$1.60B	$1.44B	$850M	$688M	$554M	$440M	$363M	$701M	$686M	$698M	$410M	$406M
PP&E (Gross)	$2.24B	$1.98B	$1.33B	$1.16B	$1.03B	$869M	$736M	$1.40B	$1.28B	$1.16B	$755M	$693M
Accum. Depreciation	$639M	$542M	$477M	$469M	$474M	$428M	$373M	$702M	$595M	$461M	$345M	$287M
Goodwill	$68M	$67M	·	·	·	·	$149M	$146M	$146M	$145M	$10.0K	·
Intangibles	$89M	$91M	$81M	$82M	$90M	$107M	$88M	$366M	$381M	$455M	$67M	$68M
Other Non-current Assets	$9M	$7M	$5M	$7M	$5M	$1M	$2M	$4M	$3M	·	$79M	$75M
Total Assets	$1.91B	$1.74B	$1.21B	$978M	$891M	$2.02B	$1.90B	$1.48B	$1.41B	$1.48B	$627M	$619M
Accounts Payable	$61M	$58M	$54M	$49M	$29M	$20M	$40M	$36M	$29M	$73M	$13M	$11M
Accrued Liabilities	$14M	$12M	$8M	$18M	$15M	$14M	$8M	$15M	$14M	$29M	$8M	·
Current Liabilities	$108M	$115M	$98M	$96M	$67M	$1.21B	$154M	$89M	$138M	$164M	$61M	$59M
Capital Leases	$11M	$11M	$7M	$50M	$52M	$46M	$43M	$0	·	·	·	·
Deferred Tax	$158M	$168M	$88M	$85M	$86M	$149M	$136M	$127M	$101M	$152M	$75M	$77M
Other Non-current Liabilities	$32M	$34M	$17M	$20M	$26M	$25M	$17M	$14M	$15M	$24M	$6M	$10M
Long-term Debt	$642M	$418M	$300M	$75M	$0	$698M	$732M	$720M	$836M	$848M	$201M	$224M
Total Debt	$628M	$417M	$300M	$75M	$0	$688M	$720M	$770M	$822M	$829M	$201M	$224M
Common Stock	$0	$0	$0	$0	$0	$0	$0	$0	$0	$45M	$33M	$30M
Paid-in Capital	$157M	$148M	$67M	$57M	$49M	$47M	$42M	$47M	$45M	·	·	·
Retained Earnings	$724M	$769M	$584M	$581M	$593M	$534M	$426M	$385M	$297M	$244M	$257M	$228M
AOCI	$0	$2M	$2M	$0	$0	$-5M	$308.0K	$8M	$8M	$7M	$415.0K	$1M
Stockholders' Equity	$881M	$919M	$653M	$638M	$642M	$577M	$468M	$440M	$352M	$296M	$290M	$258M
Liabilities + Equity	$1.91B	$1.74B	$1.21B	$978M	$891M	$2.02B	$1.90B	$1.48B	$1.41B	$1.48B	$627M	$619M
Shares Outstanding	54,899,000	54,605,000	50,272,000	50,110,000	49,965,000	49,868,000	49,671,000	49,630,000	49,328,000	48,935,000	48,475,000	48,265,000

Flusso di cassa 19

Metrica	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
D&A	$130M	$97M	$63M	$66M	$55M	$49M	$47M	$44M	$177M	$144M	$71M	$66M
Stock-based Comp	$10M	$10M	$10M	$9M	$3M	$6M	$3M	$5M	$4M	$3M	$2M	$3M
Deferred Tax	$-9M	$-10M	$4M	$-2M	$22M	$15M	$17M	$4M	$-54M	$-53M	$-1M	$3M
Amort. of Intangibles	$2M	$2M	$500.0K	$700.0K	$800.0K	$700.0K	$500.0K	$200.0K	$28M	$35M	$1M	$3M
Restructuring	$1M	$15M	$3M	$1M	$2M	$0	$0	·	·	·	·	·
Other Non-cash	$4M	$-228M	$27M	$7M	$-1.33B	$106M	$29M	·	·	·	·	·
Operating Cash Flow	$101M	$63M	$114M	$75M	$-251M	$303M	$259M	$266M	$223M	$162M	$119M	$115M
CapEx	$359M	$319M	$255M	$189M	$160M	$120M	$67M	$57M	$146M	$173M	$70M	$68M
Investing Cash Flow	$-295M	$-339M	$-237M	$-184M	$1.78B	$-156M	$-165M	$-188M	$-151M	$-820M	$-69M	$-68M
Debt Issued	·	·	·	·	·	·	·	$0	$25M	$860M	·	·
Net Debt Issued	$-593M	$-7M	·	·	·	·	·	$-51M	$-36M	$-214M	$-23M	$-6M
Stock Repurchased	·	·	·	·	$0	$0	$7M	$0	$0	$5M	$2M	$2M
Net Stock Activity	·	·	·	·	$0	$0	$-7M	·	·	$-5M	$-2M	$-2M
Dividends Paid	$6M	$6M	$5M	$4M	$940M	$16M	$14M	$13M	$12M	$12M	$11M	$11M
Financing Cash Flow	$196M	$184M	$218M	$69M	$-1.64B	$-54M	$-77M	$-71M	$-29M	$618M	$-42M	$-17M
Net Change in Cash	$2M	$-93M	$95M	$-40M	$-111M	$94M	$17M	$7M	$42M	$-41M	$8M	$31M
Taxes Paid	$2M	$8M	$100.0K	$-100.0K	$-11M	·	·	$-3M	$20M	$45M	$21M	$17M
Free Cash Flow	$-258M	$-257M	$-143M	$-115M	$-411M	$182M	$120M	$129M	$76M	$-12M	$50M	$47M
Levered FCF	·	·	·	·	$-414M	·	$98M	$103M	$-115M	$-154.2K	$45M	$42M

Redditività 7

Metrica	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Operating Margin	-6.5%	-8.7%	3.4%	-3.0%	-0.99%	-0.52%	15.3%	14.8%	7.6%	4.2%	21.6%	18.9%
Net Margin	-9.2%	59.1%	2.8%	-3.1%	407.3%	57.4%	8.7%	7.4%	10.8%	-0.17%	11.9%	10.4%
Pretax Margin	-11.7%	-11.6%	3.8%	-3.5%	2.5%	0.92%	11.2%	9.8%	2.2%	0.36%	20.0%	17.1%
EBITDA Margin	29.7%	20.8%	26.1%	22.8%	21.5%	21.5%	40.5%	14.8%	7.6%	4.2%	21.6%	18.9%
ROA	-1.8%	13.1%	0.73%	-0.90%	68.5%	6.5%	3.3%	3.2%	4.6%	-0.08%	6.6%	5.6%
ROE	-3.7%	21.0%	1.2%	-1.3%	155.4%	22.4%	11.6%	10.5%	20.5%	-0.31%	14.9%	13.8%
ROIC	-1.2%	-1.6%	0.74%	-1.0%	-0.48%	-0.12%	6.3%	5.8%	19.9%	-0.92%	9.0%	7.8%

Liquidità e Solvibilità 5

Metrica	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Current Ratio	0.9	0.8	1.8	1.3	2.5	1.2	1.6	2.4	1.3	1.0	2.1	2.2
Quick Ratio	0.5	0.7	1.6	0.7	1.6	0.2	1.1	1.6	1.0	0.6	1.7	1.7
Debt / Equity	0.7	0.5	0.5	0.1	0.0	1.2	1.5	1.7	2.3	2.8	0.7	0.9
LT Debt / Equity	0.7	0.4	0.4	0.1	·	0.0	1.5	1.7	2.2	2.7	0.6	0.8
Interest Coverage	·	·	·	·	-0.9	·	3.3	2.7	1.2	0.9	10.1	7.6

Efficienza 3

Metrica	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Asset Turnover	0.2	0.2	0.3	0.3	0.2	0.1	0.4	0.4	0.4	0.5	0.5	0.5
Inventory Turnover	·	·	·	·	·	·	·	·	9.5	9.0	18.7	13.3
Receivables Turnover	11.7	13.3	14.2	12.5	5.3	3.3	10.7	11.6	9.9	10.8	11.4	11.6

Per Azione 6

Metrica	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Book Value / Share	$16.04	$16.82	$12.98	$12.73	$12.85	$11.68	$9.45	$8.91	$7.10	$6.05	$5.98	$10.71
Revenue / Share	$6.49	$6.11	$5.67	$5.33	$4.89	$4.41	$12.65	$12.60	$12.23	$10.97	$6.99	$13.42
Cash Flow / Share	$1.83	$1.16	$2.24	$1.49	$-5.00	$6.05	$5.17	$5.31	$4.46	$3.31	$2.43	$4.72
Cash / Share	$0.50	$0.85	$2.77	$0.88	$1.69	$3.92	$2.05	$1.71	$1.59	$0.74	$1.58	$2.86
Dividend / Share	$0.11	$0.10	$0.09	$0.08	$18.82	$0.34	$0.29	$0.27	$0.26	$0.25	$0.24	$0.23
EPS (TTM)	$-0.71	$3.54	$0.16	$-0.17	$19.92	$2.51	$1.11	$0.93	$1.33	$-0.02	$0.83	$0.70

Tassi di Crescita 8

Metrica	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue YoY	9.1%	21.9%	8.1%	1.5%	11.1%	·	·	·	·	·	·	·
Revenue CAGR 3Y	12.9%	10.2%	6.8%	·	·	·	·	·	·	·	·	·
Revenue CAGR 5Y	10.1%	·	·	·	·	·	·	·	·	·	·	·
EPS YoY	·	2112.5%	·	·	693.6%	·	·	·	·	·	·	·
EPS CAGR 3Y	·	-43.8%	-60.1%	·	·	·	·	·	·	·	·	·
Net Income YoY	·	2311.3%	·	·	694.8%	·	·	·	·	·	·	·
Net Income CAGR 3Y	·	-42.1%	-60.0%	·	·	·	·	·	·	·	·	·
Dividends Paid CAGR 5Y	-17.1%	·	·	·	·	·	·	·	·	·	·	·

Valutazione (TTM) 17

Metrica	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue TTM	$358M	$328M	$269M	$249M	$245M	$221M	$207M	$193M	$612M	$535M	$342M	$327M
Net Income TTM	$-33M	$194M	$8M	$-8M	$999M	$126M	$56M	$47M	$66M	$-895.0K	$41M	$34M
Market Cap	$635M	$689M	$1.09B	$796M	$1.27B	$2.16B	$2.07B	$2.20B	$1.67B	$1.34B	$1.04B	$377M
Enterprise Value	$1.24B	$1.06B	$1.25B	$827M	$1.19B	$2.65B	$2.69B	$2.88B	$2.41B	$2.13B	$1.17B	$532M
P/E	-16.3	3.6	135.1	-93.4	1.3	17.2	37.5	47.6	25.4	-1365.0	25.9	22.3
P/S	1.8	2.1	4.0	3.2	5.2	9.8	10.0	11.4	2.7	2.5	3.0	1.2
P/B	0.7	0.7	1.7	1.2	2.0	3.7	4.4	5.0	4.8	4.5	3.6	1.5
P / Tangible Book	0.9	0.9	1.9	1.4	2.3	4.6	·	·	·	·	·	·
P / Cash Flow	6.3	11.0	9.6	10.6	-5.1	7.1	8.0	8.3	7.5	8.3	8.7	3.3
P / FCF	-2.5	-2.7	-7.6	-6.9	-3.1	11.8	17.2	17.0	21.8	-114.1	21.0	8.1
EV / EBITDA	11.6	15.5	16.6	13.6	22.5	55.7	10.5	30.9	51.8	94.5	15.8	8.6
EV / FCF	-4.8	-4.1	-8.7	-7.2	-2.9	14.5	22.3	22.3	31.5	-181.9	23.5	11.4
EV / Revenue	3.5	3.2	4.6	3.3	4.9	12.0	13.0	15.0	3.9	4.0	3.4	1.6
Dividend Yield	1.0%	0.84%	0.42%	0.50%	73.8%	0.76%	0.67%	0.59%	0.74%	0.88%	1.1%	2.9%
Earnings Yield	-6.1%	28.1%	0.74%	-1.1%	78.1%	5.8%	2.7%	2.1%	3.9%	-0.07%	3.9%	4.5%
Payout Ratio	-19.6%	3.0%	56.3%	-47.6%	94.1%	13.0%	25.4%	27.6%	18.5%	-1307.8%	27.1%	31.8%
Annual Payout	$6M	$6M	$5M	$4M	$940M	$16M	$14M	$13M	$12M	$12M	$11M	$11M

Conto Economico 14

Metrica	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Revenue	$93M	$92M	$92M	$90M	$89M	$88M	$85M	$88M	$86M	$69M	$68M	$67M	$67M	$67M	$52M	$67M
SG&A Expense	$31M	$33M	$28M	$30M	$30M	$31M	$29M	$28M	$30M	$28M	$25M	$23M	$25M	$26M	$22M	$22M
Operating Expenses	$94M	$103M	$92M	$97M	$98M	$94M	$91M	$92M	$102M	$72M	$67M	$68M	$67M	$67M	$64M	$69M
Operating Income	$-1M	$-10M	$-873.0K	$-7M	$-9M	$-6M	$-6M	$-4M	$-16M	$-3M	$564.0K	$-610.0K	$-118.0K	$306.0K	$-12M	$-2M
Interest Expense	·	·	·	·	·	·	·	·	·	$4M	·	·	·	$392.0K	·	·
Other Non-op	$472.0K	$45.0K	$1M	$2M	$3M	$733.0K	$2M	$998.0K	$2M	$2M	$972.0K	$2M	$1M	$2M	$2M	$-1M
Pretax Income	$-10M	$-20M	$-7M	$-12M	$-12M	$-10M	$-8M	$-7M	$-18M	$-5M	$-181.0K	$216.0K	$59.0K	$1M	$-12M	$-3M
Income Tax	$-3M	$-4M	$-2M	$-3M	$-3M	$-1M	$-2M	$-2M	$-5M	$-1M	$-2M	$399.0K	$1M	$682.0K	$-3M	$-251.0K
Net Income	$-8M	$-16M	$-5M	$-9M	$-9M	$-9M	$-3M	$-5M	$-13M	$215M	$3M	$2M	$2M	$2M	$-2M	$-3M
EPS (Basic)	$-0.17	$-0.31	$-0.13	$-0.20	$-0.19	$-0.19	$-0.34	$-0.13	$-0.24	$4.25	$0.05	$0.03	$0.04	$0.04	$-0.05	$-0.05
EPS (Diluted)	$-0.17	$-0.31	$-0.13	$-0.20	$-0.19	$-0.19	$-0.34	$-0.13	$-0.24	$4.25	$0.05	$0.03	$0.04	$0.04	$-0.05	$-0.05
Shares (Basic)	55,779,000	55,554,000	·	55,150,000	55,103,000	54,959,000	·	54,781,000	54,730,000	50,520,000	·	50,379,000	50,366,000	50,291,000	·	50,183,000
Shares (Diluted)	55,779,000	55,554,000	·	55,150,000	55,103,000	54,959,000	·	54,781,000	54,730,000	50,520,000	·	50,379,000	50,366,000	50,512,000	·	50,183,000
EBITDA	·	$24M	·	$-7M	$-9M	$23M	·	$24M	$10M	$15M	·	$18M	$19M	$19M	·	$16M

Stato Patrimoniale 27

Metrica	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Cash & Equivalents	$24M	$44M	$27M	$23M	$29M	$88M	$46M	$43M	$44M	$390M	·	$36M	$26M	$48M	·	$33M
Receivables	$21M	$25M	$31M	$25M	$35M	$30M	$30M	$33M	$30M	$18M	·	$19M	$15M	$16M	·	$24M
Prepaid Expense	$15M	$16M	$15M	$17M	$16M	$16M	$17M	$17M	$21M	$15M	·	$14M	$13M	$13M	·	$12M
Other Current Assets	$4M	$4M	$4M	$4M	$5M	$4M	$7M	$4M	$7M	$2M	·	$3M	$3M	$1M	·	$1M
Current Assets	$93M	$114M	$97M	$68M	$83M	$134M	$95M	$98M	$100M	$426M	·	$74M	$79M	$105M	·	$118M
PP&E (Net)	$1.67B	$1.63B	$1.60B	$1.57B	$1.52B	$1.48B	$1.44B	$1.39B	$1.34B	$896M	·	$822M	$786M	$740M	·	$641M
PP&E (Gross)	$2.37B	$2.30B	$2.24B	$2.18B	$2.12B	$2.05B	$1.98B	$1.90B	$1.86B	$1.39B	·	$1.31B	$1.28B	$1.22B	·	$1.16B
Accum. Depreciation	$699M	$669M	$639M	$607M	$599M	$569M	$542M	$516M	$519M	$493M	·	$492M	$497M	$484M	·	$517M
Goodwill	$68M	$68M	$68M	·	·	·	$67M	·	·	·	·	·	·	·	·	·
Intangibles	$89M	$89M	$89M	$13M	$13M	$13M	$91M	$14M	$15M	$1M	·	$1M	$81M	$81M	·	$82M
Other Non-current Assets	$8M	$8M	$9M	$9M	$7M	$7M	$7M	$6M	$7M	$7M	·	$7M	$7M	$7M	·	$7M
Total Assets	$1.97B	$1.95B	$1.91B	$1.85B	$1.81B	$1.83B	$1.74B	$1.69B	$1.66B	$1.45B	·	$1.06B	$1.03B	$1.01B	·	$922M
Accounts Payable	$58M	$54M	$61M	$77M	$63M	$59M	$58M	$66M	$58M	$50M	·	$43M	$41M	$49M	·	$36M
Accrued Liabilities	$18M	$14M	$14M	$14M	$11M	$12M	$12M	$14M	$15M	$11M	·	$12M	$13M	$16M	·	$14M
Current Liabilities	$110M	$102M	$108M	$135M	$115M	$112M	$115M	$123M	$112M	$91M	·	$84M	$82M	$92M	·	$79M
Capital Leases	$10M	$10M	$11M	$10M	$10M	$11M	$11M	$12M	$11M	$8M	·	$50M	$50M	$52M	·	$52M
Deferred Tax	$151M	$154M	$158M	$160M	$163M	$166M	$168M	$182M	$186M	$164M	·	$89M	$88M	$86M	·	$85M
Other Non-current Liabilities	$33M	$33M	$32M	$36M	$32M	$33M	$34M	$31M	$41M	$16M	·	$20M	$20M	$21M	·	$22M
Long-term Debt	$728M	$707M	$642M	$535M	$513M	$516M	$418M	$345M	$297M	$299M	·	$150M	$125M	$100M	·	$25M
Total Debt	·	$694M	·	$534M	$512M	$515M	·	$345M	$297M	$299M	·	$150M	$125M	$100M	·	$25M
Common Stock	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	·	$0	$0	$0	·	$0
Paid-in Capital	$163M	$161M	$157M	$155M	$153M	$151M	$148M	$145M	$144M	$70M	·	$65M	$63M	$60M	·	$56M
Retained Earnings	$697M	$706M	$724M	$737M	$748M	$758M	$769M	$779M	$786M	$799M	·	$586M	$584M	$583M	·	$586M
AOCI	·	·	$0	$353.0K	$1M	$1M	$2M	$1M	$3M	$3M	·	$3M	$2M	·	·	·
Stockholders' Equity	$860M	$867M	$881M	$893M	$902M	$910M	$919M	$925M	$933M	$872M	$653M	$654M	$649M	$643M	$638M	$643M
Liabilities + Equity	$1.97B	$1.95B	$1.91B	$1.85B	$1.81B	$1.83B	$1.74B	$1.69B	$1.66B	$1.45B	·	$1.06B	$1.03B	$1.01B	·	$922M
Shares Outstanding	55,364,000	55,302,000	54,899,000	54,898,000	54,897,000	54,857,000	54,605,000	54,573,000	54,572,000	50,447,000	50,272,000	50,264,000	50,264,000	50,247,000	50,110,000	50,098,000

Flusso di cassa 15

Metrica	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
D&A	$30M	$35M	$32M	$34M	$35M	$29M	$26M	$28M	$26M	$17M	$16M	$16M	$16M	$15M	$18M	$18M
Stock-based Comp	$2M	$5M	$2M	$2M	$2M	$4M	$2M	$1M	$2M	$4M	$2M	$2M	$3M	$4M	$1M	$2M
Amort. of Intangibles	$400.0K	$400.0K	$400.0K	$500.0K	$500.0K	$500.0K	$400.0K	$500.0K	$500.0K	$100.0K	$100.0K	$200.0K	$100.0K	$100.0K	$100.0K	$200.0K
Restructuring	$134.0K	$2M	$164.0K	$293.0K	$206.0K	$510.0K	$893.0K	$2M	$11M	$618.0K	$3M	$0	$0	·	$156.0K	$641.0K
Other Non-cash	·	$781.0K	·	·	·	$-3M	·	·	·	$-221M	·	·	·	$27M	·	·
Operating Cash Flow	$24M	$24M	$29M	$31M	$21M	$21M	$21M	$24M	$3M	$15M	$22M	$22M	$21M	$48M	$19M	$17M
CapEx	$70M	$76M	$107M	$82M	$86M	$83M	$93M	$76M	$81M	$70M	$66M	$53M	$68M	$67M	$57M	$44M
Investing Cash Flow	$-61M	$-64M	$-85M	$-58M	$-76M	$-76M	$-84M	$-72M	$-422M	$238M	$-64M	$-37M	$-68M	$-68M	$-54M	$-42M
Net Debt Issued	·	$0	·	·	·	$-2M	·	·	·	$-1M	·	·	·	·	·	·
Dividends Paid	·	·	·	·	·	·	·	·	·	·	·	·	·	·	$4M	·
Financing Cash Flow	$20M	$63M	$82M	$21M	$-4M	$97M	$67M	$47M	$73M	$-3M	$145M	$25M	$25M	$24M	$46M	$24M
Net Change in Cash	$-16M	$23M	$26M	$-6M	$-58M	$41M	$3M	$-680.0K	$-346M	$250M	$103M	$10M	$-22M	$4M	$11M	$-302.0K
Taxes Paid	$900.0K	$0	$95.0K	$4M	$-2M	$164.0K	$15M	$428.0K	$-7M	$0	$-25M	$0	$451.0K	$25M	$-100.0K	$0
Free Cash Flow	·	$-51M	·	·	·	$-63M	·	·	·	$-55M	·	·	·	$-19M	·	·
Levered FCF	·	·	·	·	·	·	·	·	·	$-58M	·	·	·	·	·	·

Redditività 7

Metrica	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Operating Margin	·	-11.4%	·	-8.0%	-10.3%	-6.9%	·	-4.8%	-18.5%	-4.0%	·	2.1%	3.3%	3.8%	·	-2.6%
Net Margin	·	-17.1%	·	·	·	-10.4%	·	·	-15.0%	310.0%	·	2.2%	2.5%	2.9%	·	-4.1%
Pretax Margin	·	-21.6%	·	-13.8%	-13.7%	-11.7%	·	-7.8%	-20.9%	-7.4%	·	3.2%	3.6%	5.4%	·	-4.5%
EBITDA Margin	·	26.1%	·	-8.0%	-10.3%	26.0%	·	26.8%	11.3%	21.2%	·	25.3%	26.3%	25.8%	·	24.1%
ROA	·	-0.83%	·	·	·	-0.56%	·	·	-0.96%	17.5%	·	0.16%	0.19%	0.22%	·	-0.25%
ROE	·	-1.8%	·	·	·	-1.0%	·	·	-1.6%	28.3%	·	0.25%	0.28%	0.32%	·	-0.42%
ROIC	·	-0.53%	·	-0.38%	-0.48%	-0.38%	·	-0.25%	-0.92%	-0.19%	·	0.13%	0.22%	0.20%	·	-0.24%

Liquidità e Solvibilità 5

Metrica	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Current Ratio	·	1.1	·	0.5	0.7	1.2	·	0.8	0.9	4.7	·	0.9	1.0	1.1	·	1.5
Quick Ratio	·	0.7	·	0.4	0.6	1.0	·	0.6	0.7	4.5	·	0.6	0.5	0.7	·	0.7
Debt / Equity	·	0.8	·	0.6	0.6	0.6	·	0.4	0.3	0.3	·	0.2	0.2	0.2	·	0.0
LT Debt / Equity	·	0.8	·	0.6	0.6	0.6	·	0.4	0.3	0.3	·	0.2	0.2	0.2	·	0.0
Interest Coverage	·	·	·	·	·	·	·	·	·	-0.7	·	·	·	·	·	·

Efficienza 2

Metrica	Tendenza	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Asset Turnover		·	0.0	·	0.1	0.1	0.1	·	0.1	0.1	0.1	·	0.1	0.1	0.1	·	0.1
Receivables Turnover		·	3.4	·	3.1	2.8	3.7	·	3.4	3.8	4.1	·	3.4	4.4	4.5	·	2.8

Per Azione 5

Metrica	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Book Value / Share	·	$15.68	·	$16.26	$16.43	$16.60	·	$16.96	$17.10	$17.28	·	$13.02	$12.92	$12.79	·	$12.83
Revenue / Share	·	$1.66	·	$1.63	$1.61	$1.60	·	$1.60	$1.57	$1.36	·	$1.41	$1.41	$1.42	·	$1.33
Cash Flow / Share	·	$0.44	·	·	·	$0.37	·	·	·	$0.30	·	·	·	$0.96	·	·
Cash / Share	·	$0.79	·	$0.41	$0.53	$1.60	·	$0.79	$0.80	$7.73	·	$0.72	$0.52	$0.96	·	$0.66
EPS (TTM)	$-0.87	$-0.83	·	$-0.92	$-0.85	$-0.90	·	$3.93	$4.09	$4.37	·	$0.06	$-0.02	$-0.12	·	$-0.10

Valutazione (TTM) 11

Metrica	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Revenue TTM	$364M	$362M	·	$352M	$349M	$347M	·	$311M	$290M	$271M	·	$253M	$252M	$252M	·	$260M
Net Income TTM	·	$-40M	·	$-30M	$-26M	$-30M	·	$199M	$206M	$221M	·	$4M	$-695.0K	$-6M	·	$-5M
Market Cap	·	$853M	·	$737M	$750M	$690M	·	$770M	$891M	$876M	·	$1.04B	$977M	$956M	·	$853M
Enterprise Value	·	$1.50B	·	$1.25B	$1.23B	$1.12B	·	$1.07B	$1.14B	$785M	·	$1.15B	$1.08B	$1.01B	·	$845M
P/E	-17.3	-18.6	·	-14.6	-16.1	-14.0	·	3.6	4.0	4.0	·	343.5	-971.5	-158.5	·	-170.2
P/S	·	2.4	·	2.1	2.1	2.0	·	2.5	3.1	3.2	·	4.1	3.9	3.8	·	3.3
P/B	1.0	1.0	·	0.8	0.8	0.8	·	0.8	1.0	1.0	·	1.6	1.5	1.5	·	1.3
P / Tangible Book	1.2	1.2	·	0.8	0.8	0.8	·	0.8	1.0	1.0	·	1.6	1.7	1.7	·	1.5
P / Cash Flow	·	35.0	·	·	·	33.6	·	·	·	57.8	·	·	·	19.8	·	·
EV / Revenue	·	4.2	·	3.5	3.5	3.2	·	3.5	3.9	2.9	·	4.5	4.3	4.0	·	3.2
Earnings Yield	-5.8%	-5.4%	·	-6.9%	-6.2%	-7.2%	·	27.9%	25.1%	25.2%	·	0.29%	-0.10%	-0.63%	·	-0.59%

Periodo più recente a sinistra · valori nulli mostrati come ·

Bilanci Conto economico, stato patrimoniale, flusso di cassa — annuale, ultimi 5 anni

16

Metrica	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Ricavi	$358M	$328M	$269M	$249M	$245M
Margine Operativo %	-6.5%	-8.7%	3.4%	-3.0%	-0.99%
Utile netto	$-33M	$194M	$8M	$-8M	$999M
EPS Diluito	$-0.71	$3.54	$0.16	$-0.17	$19.92

Metrica	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Debito / Patrimonio Netto	0.7	0.5	0.5	0.1	0.0
Rapporto corrente	0.9	0.8	1.8	1.3	2.5
Quick Ratio	0.5	0.7	1.6	0.7	1.6

Metrica	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Flusso di cassa libero	$-258M	$-257M	$-143M	$-115M	$-411M

Proprietari istituzionali (13F) 193 filer · $635.5M totale · Aggiornato al 30 Settembre 2026

17

Istituzioni che segnalano il possesso di questo titolo nel loro Modulo SEC 13F trimestrale. Solo posizioni lunghe; un singolo depositante può apparire due volte per diverse gambe di opzioni. Grandi posizioni put/call contrapposte riflettono tipicamente market-making o inventario coperto, non convinzione direzionale.

Detentori 193

Valore detenuto $635.5M

Nuove posizioni 29

Posizioni chiuse 11

Attività istituzionale — Q2 2026 vs trimestre precedente

Nuove posizioni	Posizioni chiuse	Aumentato	Diminuito	Variazione netta delle azioni
29 (-4 vs trimestre precedente)	11 (-3 vs trimestre precedente)	64 (+11 vs trimestre precedente)	50 (+2 vs trimestre precedente)	-93K

Confrontato con Q1 2026. Le dichiarazioni SEC Form 13F sono dovute entro 45 giorni dalla fine del trimestre più un breve margine per i dichiaranti in ritardo — i trimestri ancora all'interno di questa finestra vengono saltati a favore della coppia più recente completamente riportata.

Istituzione	Valore	Azioni	% di 13F tracciati	Tipo
BlackRock, Inc.	$106.907.307	7.089.344	16,82%	Azioni
GCM Grosvenor Holdings, LLC	$62.070.034	4.116.050	9,77%	Azioni
ECP ControlCo, LLC	$52.133.143	3.457.105	8,20%	Azioni
VANGUARD GROUP INC	$39.628.928	3.428.108	6,24%	Azioni
SOUTHEASTERN ASSET MANAGEMENT INC/TN/	$39.461.299	2.616.797	6,21%	Azioni
DIMENSIONAL FUND ADVISORS LP	$39.421.432	2.613.975	6,20%	Azioni
STATE STREET CORP	$32.415.304	2.149.556	5,10%	Azioni
VANGUARD CAPITAL MANAGEMENT LLC	$31.047.745	2.058.869	4,89%	Azioni
AMERICAN CENTURY COMPANIES INC	$21.647.008	1.435.478	3,41%	Azioni
GEODE CAPITAL MANAGEMENT, LLC	$19.583.256	1.298.399	3,08%	Azioni
COOPER INVESTORS PTY LTD	$14.026.556	930.143	2,21%	Azioni
VANGUARD PORTFOLIO MANAGEMENT LLC	$13.766.261	912.882	2,17%	Azioni
MILLENNIUM MANAGEMENT LLC	$11.029.904	731.426	1,74%	Azioni
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	$10.830.712	718.217	1,70%	Azioni
Broad Run Investment Management, LLC	$9.931.190	658.567	1,56%	Azioni
Cerity Partners LLC	$9.757.288	647.035	1,54%	Azioni
ROYCE & ASSOCIATES LP	$9.697.842	643.093	1,53%	Azioni
NORTHERN TRUST CORP	$7.743.957	513.525	1,22%	Azioni
BRIDGEWAY CAPITAL MANAGEMENT, LLC	$5.934.779	393.553	0,93%	Azioni
MORGAN STANLEY	$5.036.641	333.994	0,79%	Azioni
VANGUARD FIDUCIARY TRUST CO	$4.573.462	303.280	0,72%	Azioni
GAMCO INVESTORS, INC. ET AL	$4.071.600	270.000	0,64%	Azioni
Bank of New York Mellon Corp	$4.041.291	267.990	0,64%	Azioni
Empowered Funds, LLC	$3.974.379	263.553	0,63%	Azioni
GOLDMAN SACHS GROUP INC	$3.860.753	256.018	0,61%	Azioni
PRINCIPAL FINANCIAL GROUP INC	$3.347.911	222.010	0,53%	Azioni
Invesco Ltd.	$3.078.054	204.115	0,48%	Azioni
CITIGROUP INC	$2.703.151	179.254	0,43%	Azioni
Nuveen, LLC	$2.642.845	175.255	0,42%	Azioni
GABELLI FUNDS LLC	$2.613.816	173.330	0,41%	Azioni
FRANKLIN RESOURCES INC	$2.606.970	172.876	0,41%	Azioni
Whitebark Investors LP	$2.520.667	167.153	0,40%	Azioni
Public Sector Pension Investment Board	$2.378.553	157.729	0,37%	Azioni
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	$1.995.533	129.412	0,31%	Azioni
RHUMBLINE ADVISERS	$1.820.514	120.725	0,29%	Azioni
RWA WEALTH PARTNERS, LLC	$1.801.668	119.474	0,28%	Azioni
Brandywine Global Investment Management, LLC	$1.549.618	134.050	0,24%	Azioni
Legal & General Group Plc	$1.538.387	102.015	0,24%	Azioni
Quantinno Capital Management LP	$1.536.140	101.866	0,24%	Azioni
UBS Group AG	$1.495.333	99.160	0,24%	Azioni
Swiss National Bank	$1.338.682	88.772	0,21%	Azioni
FMR LLC	$1.137.657	75.442	0,18%	Azioni
CITADEL ADVISORS LLC	$1.135.162	75.276	0,18%	Azioni
CWM, LLC	$1.131.554	73.382	0,18%	Azioni
AQR CAPITAL MANAGEMENT LLC	$1.102.861	73.134	0,17%	Azioni
BANK OF AMERICA CORP /DE/	$1.049.809	69.616	0,17%	Azioni
AMERIPRISE FINANCIAL INC	$1.044.667	69.275	0,16%	Azioni
JPMORGAN CHASE & CO	$998.290	63.911	0,16%	Azioni
ALLIANCEBERNSTEIN L.P.	$941.946	61.086	0,15%	Azioni
Trexquant Investment LP	$936.242	62.085	0,15%	Azioni

Mostra tutti i 193 proprietari istituzionali →

Attivisti e proprietari del 5%+ 2 partecipazioni

18

Investitori che hanno depositato SEC Schedule 13D — proprietà effettiva superiore al 5% con l'intento di influenzare l'emittente (partecipazioni attiviste, campagne per il consiglio di amministrazione, M&A). Ogni riga mostra lo stato più recente noto della posizione di quel depositante.

Depositante	Depositato	Partecipazione	Stato	Scopo	Deposito
LIF Vista, LLC, Labor Impact Fund, L.P., LIF AIV 1, L.P., GCM Investments GP, LLC, Grosvenor Capital Management Holdings, LLLP, GCM Grosvenor Holdings, LLC, GCM Grosvenor Inc., GCM V, LLC, Sacks Michael Jay ×2 depositi	10 Giugno 2026	7,40%	Modifica	Campagna per il consiglio di amministrazione	SEC
ECP ControlCo, LLC, Energy Capital Partners IV, LLC, Energy Capital Partners GP IV, LP, Energy Capital Partners IV-A, LP, Energy Capital Partners IV-B, LP, Energy Capital Partners IV-C, LP, Energy Capital Partners IV-D, LP, Energy Capital Partners IV-B (Hill City IP), LP, ECP Fiber Holdings GP, LLC, ECP Fiber Holdings, LP, Hill City Holdings GP, LLC, Hill City Holdings, LP, Energy Capital Partners Management, LP ×6 depositi	12 Agosto 2025	11,60%	Modifica	·	SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Insider aziendali 52 insider · 28 dirigenti · 19 direttori

19

Insider	Ruolo	Ultima attività	Azioni possedute	Acquisti 12m	Netto 12m
Edward H Mckay	President & CEO	31 Luglio 2026 P	136.007	1	$24.280
James J Volk	SVP Finance & CFO	31 Luglio 2026 P	92.671	2	$49.999
James F Woodward	Sr VP-Finance & CFO	26 Febbraio 2019 A	1.881	0	$0
David L Heimbach	Executive VP & COO	02 Luglio 2021 X	1.372	0	$0
Earle A Mackenzie	Executive Vice President & COO	20 Febbraio 2018 A	281.268	0	$0
Christopher E French	Executive Chairman	02 Marzo 2026 J	125.387	0	$0
Tracy Willis	VP & Chief Accounting Officer	19 Febbraio 2026 A	1.638	0	$0
Glenn E Lytle Jr	SVP Commercial Sales	19 Febbraio 2026 A	8.956	0	$0
Dara Leslie	SVP Sales & Marketing	19 Febbraio 2026 A	16.002	0	$0
Angela M Olsen	VP Legal/Gen Counsel & Sec	19 Febbraio 2026 A	809	0	$0
Heather K Tormey	VP Chief HRO	19 Febbraio 2026 A	25.536	0	$0
Richard W Mason JR	SVP Engineering & Operations	19 Febbraio 2026 A	54.939	0	$0
Elaine Cheng	SVP & Chief Info Officer	19 Febbraio 2026 A	38.523	0	$0
Derek Rieger	VP Legal/Gen Counsel & Sec	20 Febbraio 2025 M	8.098	0	$0
Dennis Romps	VP & Chief Accounting Officer	15 Febbraio 2024 M	3.040	0	$0
Raymond B Ostroski	VP Legal & General Counsel	17 Febbraio 2022 M	10.194	0	$0
William L Pirtle	SR VP - Sales & Marketing	08 Luglio 2021 X	12.771	0	$0
Thomas A Whitaker	VP - Corporate Development	09 Giugno 2021 S	31.449	0	$0
Chase L Stobbe	VP & Chief Accounting Officer	18 Febbraio 2021 M	885	0	$0
Richard A Baughman	VP-Information Technology	28 Giugno 2018 S	30.624	0	$0
Adele M Skolits	VP Finance &Treasurer	07 Novembre 2017 X	114.212	0	$0
Ann E Flowers	VP-Legal & General Counsel	03 Dicembre 2012 J	2.303	0	$0
Christopher S Kyle	VP-Marketing & Sales Cable	21 Giugno 2011 M	4.025	0	$0
David E Ferguson	VP-Customer Services	21 Giugno 2010 M	19.217	0	$0
Jonathan R Spencer	VP & General Counsel	28 Febbraio 2008 P	3.246	0	$0
Laurence F Paxton	VP - Information Technology	29 Gennaio 2007 X	5.249	0	$0
David D Lasier	VP-Broadband	19 Settembre 2005 A	·	0	$0
Jeffrey R Pompeo	VP-Converged Services	18 Ottobre 2004 A	·	0	$0
Michael Anthony Rhymes	Direttore	01 Ottobre 2026 A	12.001	0	$0
Victor Christopher Barnes	Direttore	01 Ottobre 2026 A	24.803	0	$0
Kenneth L Quaglio	Direttore	01 Ottobre 2026 A	34.968	0	$0
Leigh Ann Schultz	Direttore	01 Ottobre 2026 A	34.472	0	$0
Thomas Beckett	Direttore	01 Ottobre 2026 A	31.004	0	$0
Richard L Koontz Jr	Direttore	01 Ottobre 2026 A	71.898	0	$0
Matthew Rinklin	Direttore	08 Giugno 2026 A	·	0	$0
John W Flora	Direttore	21 Aprile 2026 M	66.060	0	$0
Tracy Fitzsimmons	Direttore	21 Aprile 2026 M	63.053	0	$0
James F Dimola	Direttore	19 Febbraio 2026 A	0	0	$0
Matthew Denichilo	Direttore	13 Febbraio 2025 M	·	0	$0
ECP ControlCo, LLC	Direttore	30 Luglio 2024 A	·	0	$0
LAM DALE S	Direttore	22 Febbraio 2022 A	25.691	0	$0
James E Zerkel II	Direttore	26 Febbraio 2019 A	59.980	0	$0
Ken L Burch	Direttore	01 Maggio 2018 A	441.323	0	$0
Jonelle St John	Direttore	19 Febbraio 2016 M	15.899	0	$0
William A Truban Jr	Direttore	17 Settembre 2007 A	2.000	0	$0
Noel M Borden	Direttore	12 Giugno 2006 G	29.977	0	$0
Zane Neff	Direttore	27 Aprile 2004 S	14.532	0	$0
Energy Capital Partners Management, LP	·	19 Febbraio 2026 A	15.675	0	$0
Douglas C Arthur	·	23 Giugno 2016 S	23.979	0	$0
David K Macdonald	·	26 Febbraio 2008 X	15.812	0	$0
Nancy A Stadler	·	20 Settembre 2004 A	·	0	$0
Alan R Prusak	·	10 Maggio 2004 A	·	0	$0

Insider dai depositi SEC Modulo 3/4/5; netto = solo acquisti/vendite di mercato

Proprietà ETF Posseduti da 32 ETF

20

Il peso riflette solo le partecipazioni azionarie dirette (N-PORT); fondi a leva o basati su derivati possono detenere ulteriore esposizione swap non mostrata.

Fondo	Peso	Unità	Aggiornato al	Fonte
JPSE · J.P. Morgan Exchange-Traded Fund Tr…	0,08%	39.631 NS	31 Luglio 2026	N-PORT
VIOV · VANGUARD ADMIRAL FUNDS	0,07%	97.433 SH	19 Agosto 2026	Giornaliero
ESML · iShares Trust	0,05%	120.490 SH	11 Settembre 2026	Giornaliero
VTWV · VANGUARD SCOTTSDALE FUNDS	0,05%	43.013 SH	19 Agosto 2026	Giornaliero
DFSV · Dimensional ETF Trust	0,05%	312.173 NS	31 Luglio 2026	N-PORT
VIOO · VANGUARD ADMIRAL FUNDS	0,04%	160.087 SH	19 Agosto 2026	Giornaliero
VOX · VANGUARD WORLD FUND	0,04%	159.106 SH	19 Agosto 2026	Giornaliero
FCOM · FIDELITY COVINGTON TRUST	0,03%	46.779 NS	31 Luglio 2026	N-PORT
SMDX · Tidal Trust III	0,03%	2.733 NS	31 Luglio 2026	N-PORT
VTWO · VANGUARD SCOTTSDALE FUNDS	0,02%	289.770 SH	19 Agosto 2026	Giornaliero
RSSL · Global X Funds	0,02%	24.057 NS	31 Luglio 2026	N-PORT
IWM · iShares Trust	0,02%	1.249.977 SH	11 Settembre 2026	Giornaliero
DFAT · Dimensional ETF Trust	0,02%	223.343 NS	31 Luglio 2026	N-PORT
PRFZ · Invesco Exchange-Traded Fund Trust	0,02%	41.066 SH	01 Ottobre 2026	Giornaliero
DFAS · Dimensional ETF Trust	0,01%	184.378 NS	31 Luglio 2026	N-PORT
TDVI · First Trust Exchange-Traded Fund IV	0,01%	6.100 NS	31 Luglio 2026	N-PORT
VXF · VANGUARD INDEX FUNDS	0,01%	535.048 SH	19 Agosto 2026	Giornaliero
WSML · iShares Trust	0,01%	3.321 SH	11 Settembre 2026	Giornaliero
DXUV · Dimensional ETF Trust	0,01%	2.643 NS	31 Luglio 2026	N-PORT
DFAC · Dimensional ETF Trust	0,00%	143.871 NS	31 Luglio 2026	N-PORT
DCOR · Dimensional ETF Trust	0,00%	6.409 NS	31 Luglio 2026	N-PORT
DFAU · Dimensional ETF Trust	0,00%	12.641 NS	31 Luglio 2026	N-PORT
ITOT · iShares Trust	0,00%	72.132 SH	11 Settembre 2026	Giornaliero
IWV · iShares Trust	0,00%	13.693 SH	03 Settembre 2026	Giornaliero
DFUS · Dimensional ETF Trust	0,00%	8.276 NS	31 Luglio 2026	N-PORT
VTI · VANGUARD INDEX FUNDS	0,00%	1.472.897 SH	19 Agosto 2026	Giornaliero
VTHR · VANGUARD SCOTTSDALE FUNDS	0,00%	3.870 SH	19 Agosto 2026	Giornaliero
IJR · iShares Trust	·	2.801.143 SH	10 Settembre 2026	Giornaliero
IJS · iShares Trust	·	412.956 SH	08 Settembre 2026	Giornaliero
IWN · iShares Trust	·	464.793 SH	11 Settembre 2026	Giornaliero
XJR · iShares Trust	·	6.353 SH	31 Agosto 2026	Giornaliero
SMMV · iShares Trust	·	18.803 SH	01 Settembre 2026	Giornaliero

SHEN Consenso degli analisti Opinioni degli analisti, sia rialziste che ribassiste, target price a 12 mesi, potenziale di rialzo

21

rating · 8 analisti COMPRA

Target mediano $27.50 +153,2%

2 25,0% Acquisto forte

5 62,5% Compra

1 12,5% Mantieni

0 0,0% Vendi

0 0,0% Vendita forte

Target Price a 12 Mesi

2 analisti · 2026-10-02

Target medio $27.50 +153,2%

← Sotto tutti i target Prezzo attuale $10.86

Basso$26.00 Media$27.50 Alto$29.00

Confronto Peer (GICS sub-settore industriale) Metriche chiave rispetto ai pari del settore

22

Base FY, prezzi alla chiusura dell'ultimo anno fiscale di ciascuna società.

Ticker	Capitalizzazione di Mercato	P/E	Rev YoY	Margine Netto	ROE	Margine lordo
SHEN	$635M	-16.3	9.1%	-9.2%	-3.7%	·
CMCSA	·	5.2	-0.02%	16.2%	21.9%	·
IDT	·	19.0	5.4%	6.7%	25.4%	38.3%
UNIT	$1.64B	1.4	91.5%	58.4%	-125.9%	·
GLIBA	·	-3.7	2.9%	-29.5%	-19.9%	·
ATNI	$348M	-16.5	-0.15%	-2.1%	-3.2%	·
VZ	$174.79B	10.0	2.5%	12.4%	16.7%	·

Le Mie Metriche La tua watchlist personale — righe selezionate da Fondamentali Completi

26

Scegli le metriche che contano per te: fai clic sul + accanto a qualsiasi riga in Fondamentali Completi sopra.

La tua selezione è salvata e ti segue su tutti i ticker.

SHEN Shenandoah Telecommunications Co - Common Stock

SHEN Snapshot del titolo Prezzo, capitalizzazione di mercato, P/E, EPS, ROE, debito/capitale proprio, intervallo 52 settimane

SHEN Grafico del prezzo delle azioni OHLCV giornaliero con indicatori tecnici — panoramica, zoom e personalizza la tua visualizzazione

Performance decennale Andamento di ricavi, utile netto, margini e EPS

Valutazione Rapporti P/E, P/S, P/B, EV/EBITDA — il titolo è costoso o economico?

Redditività Margini lordi, operativi e netti; ROE, ROA, ROIC

Salute finanziaria Debito, liquidità, solvibilità — solidità del bilancio

Crescita Crescita di ricavi, EPS e utile netto: YoY, CAGR 3Y, CAGR 5Y

Metriche per Azione EPS, valore contabile per azione, flusso di cassa per azione, dividendo per azione

Efficienza del Capitale Rotazione delle attività, rotazione delle scorte, rotazione dei crediti

Dividendi Rendimento, payout ratio, storico dividendi, CAGR 5Y

Cronologia utili EPS effettivo vs stima, surprise %, tasso di superamento, data prossimi utili

Fondamentali Completi Tutte le metriche per anno — conto economico, stato patrimoniale, rendiconto finanziario

Bilanci Conto economico, stato patrimoniale, flusso di cassa — annuale, ultimi 5 anni

Proprietari istituzionali (13F) 193 filer · $635.5M totale · Aggiornato al 30 Settembre 2026

Attivisti e proprietari del 5%+ 2 partecipazioni

Insider aziendali 52 insider · 28 dirigenti · 19 direttori

Proprietà ETF Posseduti da 32 ETF

SHEN Consenso degli analisti Opinioni degli analisti, sia rialziste che ribassiste, target price a 12 mesi, potenziale di rialzo

Target Price a 12 Mesi

Confronto Peer (GICS sub-settore industriale) Metriche chiave rispetto ai pari del settore

Le Mie Metriche La tua watchlist personale — righe selezionate da Fondamentali Completi