ADVA OPT.NETW.SE O.N.
stock DE:ADV (FRANKFURT)

Alternative ID: DE0005103006 510300

Watch List

Exchange: FRANKFURT
Sector: Technology
Industry: Communication Equipment
Market Cap: Small (1.08B)
Data in EUR

EPS: 0.76
Current PE: 2.34
BVPS: 6.22
Price/BVPS: 0.26

Hist Grade: B (81.09)
YOY Grade: D (38.00)
Debt/FCF: 0.26
ROIC: 3.3%
PEG: 0.12
PEGY: 0.12

Value Price: 11.88
MOS Price: 5.94
MOS %: 633.6%
Graham Number: 10.30
Graham MOS %: 535.8%
IRT: 2.00

Market Price

1.62

-0.02 -1.2%

as of Mar 30 '23

52 Week Range:

1.60 21.60

Stock Analyzer Tutorials

General Info

type: video (mp4); length: 3:30

Demonstrates how to use Stock Analyzer, shows how to analyze a stock and explains in detail "General Info" section of the Stock Analyzer result page.

Financial Statements

type: video (mp4); length: 5:10

Explains information presented in the Financial Statements section of the S2O Stock Analyzer: financial statements charts, absolute values and growth rates.

Growth Grade and Financial Ratios

type: video (mp4); length: 5:09

Demonstrates how to use Growth Grade & Financial Ratios section; shows the difference between historical and year-over-year Growth Grade on the real life example.

Demonstrates how to use Value Price (intrinsic value) and the Graham Number, MOS (margin of safety) and IRT - Investment Recovery Time; explains 3 different projection models used to compute value price - pessimistic, moderate and optimistic.

Price Charts

type: video (mp4); length: 8:34

Demonstrates basic rules of how to read a candlestick chart, long and short term moving averages, stochastic, MACD and relative strength (RS) charts. Explains how bull or bear market condition is computed.

General Info

Exchange: FRANKFURT
Sector: Technology
Industry: Communication Equipment
Market Cap: Small (1.08B)
Inst. Ownership: 46.70%
Insider Ownership: 3.80%
Full Time Employees: 2002

ADVA Optical Networking SE engages in the development, manufacture, and sale of optical and Ethernet-based networking solutions to deliver data, storage, voice, and video services worldwide. It offers open optical transport solutions, such as FSP 3000 open terminals, FSP 3000 open line systems, pluggables and subsystems, and optical access solutions; packet edge and aggregation products, including carrier Ethernet and programmable multilayer edge, metro aggregation, and edge computing products; disaggregated networking, such as packet optical terminals and ensemble activators. The company also provides network virtualization products comprising ensemble connectors, orchestrators, and harmony ecosystems, as well as operates ensemble virtualization director, a management platform for the creation and deployment of virtualized services; network infrastructure assurance products; timing and synchronization products; and automated network management products, such as ensemble optical, sync, fiber, and packet director, and ensemble controllers. In addition, it offers professional services to plan, operate, and maintain the networks. The company sells its products to telecommunications service providers, private companies, universities, and government agencies directly, as well as through a network of distribution partners. ADVA Optical Networking SE was founded in 1994 and is headquartered in Munich, Germany. As of July 8, 2022, ADVA Optical Networking SE operates as a subsidiary of ADTRAN Holdings, Inc.

Financial Statements

The charts below show selected Annual and Quarterly Financial Data.

The purpose of these charts is to discover long and short term change dynamics. When numbers are growing year after year in the annual statements chart, the business become stronger and stronger and this is a good sign.

Quarterly Data Chart can be used to do a short term analysis. It makes sense to pay attention to the quarterly dynamics and do not wait for the next yearly statement. We should be alerted if we see that quarterly numbers are going down.

You can check "Annual Financial Statements" and "Quarterly Financial Statements" sections for exact numbers and growth rates.

Annual Statements

On a charts below the Line shows absolute values and the Bar chart shows Year-Over-Year Growth Rate for selected financial statement item. A consistent GROWTH is generally considered necessary to fund future growth from within a business.
NOTE: Growth Rate is not provided if either the latest period or the year-ago period contains a net loss. (source: WSJ Digest of Earnings)
TIP! move your mouse pointer over bar or a circle on any chart below to see details.

Financial Statements

Income Statement

Cash Flow Statement

Balance Sheet

Liquidity Ratios

Current Ratio

Current Ratio measures the ability to meet short term obligations. Generally accepted standard is 2 (current assets should be 2 times or 200% of current liabilities).

Quick Ratio

Measures immediate liquidity or the cash available to cover immediate liabilities. A safe margin would be at least 1 (100%).

Financial Leverage

Defined as total assets divided by total shareholders' equity. The higher the ratio, the more debt a company uses in its capital structure.

Profitability Ratios

ROA

Return on Assets (ROA) measures the income (profit) that is generated by the use of the assets of the business.

ROE

Return on Equity (ROE) is a measure of profitability that calculates how many dollars of profit a company generates with each dollar of shareholders equity. ROE is sometimes called "return on net worth."

ROIC

The Return on Invested Capital (ROIC) measure gives a sense of how well a company is using its money to generate returns. Some investors use this figure as a final evaluation to determine whether or not to invest in a company.

Annual Statements

Item Name	Dec '11	Dec '12	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21
Equity (BVPS)	2.63	3.17	3.25	3.49	4.11	4.46	4.60	4.78	5.08	5.09	6.22
growth rate		20.5%	2.5%	7.4%	17.8%	8.5%	3.1%	3.9%	6.3%	0.2%	22.2%
Earnings BIT	14.00	18.51	6.98	8.35	26.76	19.73	18.46	16.33	17.66	28.19	48.96
growth rate		32.2%	-62.3%	19.7%	220.3%	-26.3%	-6.4%	-11.6%	8.2%	59.7%	73.7%
Avg.PE	15.95	11.61	33.00	23.52	23.52	23.80	31.34	78.20	50.00	23.25	13.53
growth rate		-27.2%	184.2%	-28.7%	0.0%	1.2%	31.7%	149.5%	-36.1%	-53.5%	-41.8%
ROA	4.48	6.15	1.91	2.71	7.50	5.01	-0.91	2.04	1.38	3.92	10.75
growth rate		37.3%	-68.9%	41.9%	176.8%	-33.2%	-100.0%	100.0%	-32.4%	184.1%	174.2%
ROE	8.81	11.54	3.53	5.00	13.66	9.47	-1.81	4.10	2.82	7.83	19.64
growth rate		31.0%	-69.4%	41.6%	173.2%	-30.7%	-100.0%	100.0%	-31.2%	177.7%	150.8%
ROIC	7.95	10.25	3.41	4.62	11.75	7.75	-1.18	3.27	2.51	6.19	15.77
growth rate		28.9%	-66.7%	35.5%	154.3%	-34.0%	-100.0%	100.0%	-23.2%	146.6%	154.8%
Cur. Ratio	1.88	1.90	2.49	2.29	2.20	1.90	1.26	1.77	1.69	1.90	1.72
growth rate		1.1%	31.1%	-8.0%	-3.9%	-13.6%	-33.7%	40.5%	-4.5%	12.4%	-9.5%
Quick Ratio	1.33	1.42	1.90	1.64	1.48	1.17	0.78	1.12	0.97	1.16	1.00
growth rate		6.8%	33.8%	-13.7%	-9.8%	-21.0%	-33.3%	43.6%	-13.4%	19.6%	-13.8%
Leverage	1.91	1.85	1.85	1.83	1.81	1.96	2.04	1.99	2.10	1.90	1.77
growth rate		-3.1%	0.0%	-1.1%	-1.1%	8.3%	4.1%	-2.5%	5.5%	-9.5%	-6.8%
Balance Sheet	Dec '11	Dec '12	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21
Acct.Receivable	54.87	59.00	56.06	57.55	74.89	86.06	87.28	104.08	102.86	88.04	91.29
growth rate		7.5%	-5.0%	2.7%	30.1%	14.9%	1.4%	19.3%	-1.2%	-14.4%	3.7%
Acct.Payable		38.00	26.52	33.03	43.72	73.29	39.19	63.20	73.40	44.15	83.22
growth rate			-30.2%	24.6%	32.4%	67.6%	-46.5%	61.2%	16.2%	-39.9%	88.5%
Cur.Assets	160.51	174.00	178.78	192.30	247.02	268.36	232.64	257.22	269.24	247.58	335.65
growth rate		8.4%	2.8%	7.6%	28.5%	8.6%	-13.3%	10.6%	4.7%	-8.1%	35.6%
Total Assets	259.90	284.00	299.21	324.84	391.54	444.55	463.89	486.54	536.36	499.97	601.52
growth rate		9.3%	5.4%	8.6%	20.5%	13.5%	4.4%	4.9%	10.2%	-6.8%	20.3%
Cash	59.10	71.00	80.93	83.88	93.85	84.87	58.38	62.65	54.26	64.88	108.99
growth rate		20.1%	14.0%	3.6%	11.9%	-9.6%	-31.2%	7.3%	-13.4%	19.6%	68.0%
Inventory	36.54	41.00	40.07	46.98	72.95	92.80	81.69	85.73	105.36	90.12	129.21
growth rate		12.2%	-2.3%	17.2%	55.3%	27.2%	-12.0%	5.0%	22.9%	-14.5%	43.4%
Cur.Liabilities	85.39	92.00	71.59	83.98	112.03	141.53	188.99	145.58	159.14	130.64	195.53
growth rate		7.7%	-22.2%	17.3%	33.4%	26.3%	33.5%	-23.0%	9.3%	-17.9%	49.7%
Liabilities	123.90	130.00	135.26	147.72	175.61	205.61	236.87	241.90	280.57	236.75	261.61
growth rate		4.9%	4.0%	9.2%	18.9%	17.1%	15.2%	2.1%	16.0%	-15.6%	10.5%
LT Debt	0.00	14.00	35.00	27.69	24.45	40.72	17.50	70.08	61.76	47.13	22.52
growth rate			150.0%	-20.9%	-11.7%	66.5%	-57.0%	300.5%	-11.9%	-23.7%	-52.2%
Equity	136.00	153.90	163.95	177.11	215.92	238.95	227.02	244.64	255.79	263.22	339.91
growth rate		13.2%	6.5%	8.0%	21.9%	10.7%	-5.0%	7.8%	4.6%	2.9%	29.1%
Common Shares	49.00	49.00	49.00	48.00	49.00	50.00	50.00	49.93	50.18	50.50	51.45
growth rate		0.0%	0.0%	-2.0%	2.1%	2.0%	0.0%	-0.1%	0.5%	0.6%	1.9%
Cash Flow Statement	Dec '11	Dec '12	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21
Capital Expenditures	7.50	9.00	7.41	7.09	7.89	12.89	10.56	14.03	16.89	13.65	15.90
growth rate		20.0%	-17.7%	-4.3%	11.3%	63.3%	-18.1%	32.9%	20.4%	-19.2%	16.5%
Cash Dividends	0.00	0.00
growth rate
Cash From OA	39.70	45.00	31.41	46.19	39.42	61.35	27.13	60.36	66.89	97.14	123.25
growth rate		13.4%	-30.2%	47.0%	-14.7%	55.7%	-55.8%	122.5%	10.8%	45.2%	26.9%
FCF per Share	0.06	0.24	0.05	0.16	0.01	0.06	-0.56	0.10	0.08	0.84	1.04
growth rate		300.0%	-79.2%	220.0%	-93.8%	500.0%	-100.0%	100.0%	-20.0%	950.0%	23.8%
Sale Purchase of Stock			0.38	0.12	3.22	0.42	1.03
growth rate				-68.0%	2,580.8%	-86.9%	144.4%
FCF	6.00	11.00	1.00	10.00	-2.00	7.00	-27.00	12.00	6.00	39.00	59.00
growth rate		83.3%	-90.9%	900.0%	-100.0%	100.0%	-100.0%	100.0%	-50.0%	550.0%	51.3%
Income Statement	Dec '11	Dec '12	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21
Sales	310.90	330.00	310.70	339.17	441.94	566.69	514.47	501.98	556.82	564.96	603.32
growth rate		6.1%	-5.9%	9.2%	30.3%	28.2%	-9.2%	-2.4%	10.9%	1.5%	6.8%
Op.Income	13.21	17.00	6.98	8.35	26.76	19.73	18.46	16.33	17.66	28.19	48.96
growth rate		28.7%	-59.0%	19.7%	220.3%	-26.3%	-6.4%	-11.6%	8.2%	59.7%	73.7%
IBT	14.00	18.50	4.36	8.23	28.08	19.02	-0.19	12.49	8.93	24.82	46.24
growth rate		32.1%	-76.5%	88.9%	241.3%	-32.3%	-100.0%	100.0%	-28.5%	178.0%	86.3%
Net Income	16.90	17.00	11.64	8.38	26.85	21.53	-4.23	9.68	7.05	20.31	59.22
growth rate		0.6%	-31.6%	-28.0%	220.6%	-19.8%	-100.0%	100.0%	-27.2%	188.4%	191.5%
EPS	0.35	0.34	0.24	0.17	0.55	0.43	-0.09	0.19	0.14	0.40	1.15
growth rate		-2.9%	-29.4%	-29.2%	223.5%	-21.8%	-100.0%	100.0%	-26.3%	185.7%	187.5%
Gross Profit	116.60	132.00	121.41	118.08	156.91	166.29	175.82	182.03	191.67	196.54	218.56
growth rate		13.2%	-8.0%	-2.8%	32.9%	6.0%	5.7%	3.5%	5.3%	2.5%	11.2%
R&D			43.50	40.55	47.66	60.47	67.13	75.86	73.15	74.53	76.72
growth rate				-6.8%	17.5%	26.9%	11.0%	13.0%	-3.6%	1.9%	3.0%

Quarterly Statements

Item Name	Jun '21	Sep '21	Dec '21	Mar '22	Jun '22
Earnings BIT	13.04	9.50	14.86	5.98	4.66
growth rate		-27.2%	56.5%	-59.8%	-22.1%
Balance Sheet	Jun '21	Sep '21	Dec '21	Mar '22	Jun '22
Acct.Receivable	101.43	91.47	91.29	100.36	122.41
growth rate		-9.8%	-0.2%	9.9%	22.0%
Acct.Payable	60.08	59.75	83.22	65.06	87.70
growth rate		-0.5%	39.3%	-21.8%	34.8%
Cur.Assets	290.72	305.48	335.65	317.30	352.61
growth rate		5.1%	9.9%	-5.5%	11.1%
Total Assets	542.40	556.18	601.52	590.25	625.90
growth rate		2.5%	8.2%	-1.9%	6.0%
Cash	85.02	100.51	108.99	73.00	63.19
growth rate		18.2%	8.4%	-33.0%	-13.4%
Inventory	97.74	100.81	129.21	130.19	158.86
growth rate		3.2%	28.2%	0.8%	22.0%
Cur.Liabilities	153.09	163.33	195.53	175.17	202.60
growth rate		6.7%	19.7%	-10.4%	15.7%
Liabilities	250.71	240.85	261.61	242.38	262.79
growth rate		-3.9%	8.6%	-7.4%	8.4%
LT Debt	39.85	29.85	22.52	22.54	15.20
growth rate		-25.1%	-24.6%	0.1%	-32.6%
Equity	291.69	315.33	339.91	347.87	363.11
growth rate		8.1%	7.8%	2.3%	4.4%
Common Shares	50.66	51.10	51.45	51.45	51.90
growth rate		0.9%	0.7%	0.0%	0.9%
Cash Flow Statement	Jun '21	Sep '21	Dec '21	Mar '22	Jun '22
Capital Expenditures	3.61	3.87	6.01	4.39	2.42
growth rate		7.1%	55.4%	-26.9%	-45.0%
Cash From OA	31.68	28.40	35.73	-12.72	6.53
growth rate		-10.4%	25.8%	-100.0%	100.0%
Sale Purchase of Stock
growth rate
FCF	28.07	24.53	29.72	-17.12	4.11
growth rate		-12.6%	21.1%	-100.0%	100.0%
Income Statement	Jun '21	Sep '21	Dec '21	Mar '22	Jun '22
Sales	149.35	151.78	157.71	170.50	166.32
growth rate		1.6%	3.9%	8.1%	-2.5%
Op.Income	13.04	9.50	14.86	5.98	4.66
growth rate		-27.2%	56.5%	-59.8%	-22.1%
IBT	12.37	9.67	12.26	6.79	7.35
growth rate		-21.9%	26.9%	-44.6%	8.2%
Net Income	12.00	18.48	17.51	6.18	7.29
growth rate		54.0%	-5.2%	-64.7%	18.0%
EPS
growth rate
Gross Profit	56.71	51.57	55.49	52.93	53.91
growth rate		-9.1%	7.6%	-4.6%	1.9%
R&D	19.44	18.80	18.76	20.23	23.39
growth rate		-3.3%	-0.2%	7.9%	15.6%

Growth Grade & Financial Ratios

All financial ratios below are calculated based on latest annual statements available and present the most up to date snapshot of a company finances.

Growth Grade

Historical Growth Grade:

B (81.09)

YOY Growth Grade:

D (38.00)

Click on buttons above for detailed yearly growth rates.

Market Ratios

Dividend Yield:
Beta: 0.85
Beta of 0.8451 suggests that the asset is less volatile than the rest of the market.
PE: 2.34
EY: 42.8%
PEG: 0.12
PEG Ratio of 0.12 suggests that stock is underpriced.
PEGY: 0.12
PEGY Ratio of 0.12 suggests that stock is underpriced.
Price/BVPS: 0.26
Price to BVPS Ratio of 0.26 suggests that stock is undervalued.

Profitability Ratios

ROE: 19.6%
Return on Equity (ROE) of 19.6% suggests that a company is doing well.
ROS: 8.1%
The value of Return on Sales depends on the business and/or industry. Usually the higher ratio the better.
ROA: 7.7%
Return on Assets (ROA). Low ratio usually means poor performance, or ineffective use of assets by management. High ratio usually means good performance.
ROI: 13.6%
Return on Investment (ROI) of 13.6% suggests that management is inefficient or it could reflect a highly capitalized, conservatively operated business with little long term debt.
ROIC: 3.3%
Return on Invested Capital (ROIC) of 3.3% suggests that a company may not be able to fund future growth from within.

Liquidity Ratios

Current Ratio: 1.72
Current Ratio of 1.72 suggests that a company may not be able to pay off bills as rapidly as it should.
Quick Ratio: 1.02
Quick Ratio of 1.02 suggests that a company is doing well.
Cash Turnover: 4.31
Turnover Of Cash Ratio of 4.31 suggests that a company may have funds tied up in short-term low-yielding assets or may have a cash surplus, which is not invested in the business.
Equity Ratio: 56.5%
Equity Ratio of 56.5% suggests that a reasonably large percent of the company's assets financed by shareholder equity.
Debt/Equity: 77.0%
Debt to Equity Ratio of 77.0% suggests that a company is doing well.
Debt/FCF: 0.26
Debt/FCF of 0.26 suggests that a company is doing well and can pay off its long term debt within three years.

Efficiency Ratios

Avg Collection Period: 55.23
Average Collection Period of 55.23 days suggests that a company is doing well.
Inventory Turnover: 2.98
Inventory Turnover Ratio of 2.98 suggests a large inventory, a never-out-of-stock situation, perhaps some obsolete items, or it could indicate poor liquidity and possible overstocking of items.
Cash Flow Ratio: 2.65
Cash Flow Ratio of 2.65 suggests a company is doing OK, but lower inventory is generally viewed as a positive trend.
Profit Margin: 9.8%

Value Price

PE and EPS

	Historical	Current	Forward
PE	28.05	2.14	19.15
EPS / Growth	-30.1%	0.76	19.2%

Value Price & Investment Recovery Time

Read more about Stock2Own value price in Stock Market: Fundamental Analysis.

Equity Growth Rate: 12.0%

Estimates	Pessimistic	Moderate	Optimistic
Rate of Return	15.0%
MOS Price %	50 %
Future EPS Growth	1.0%	10.7%	10.7%
Future PE	2.00	22.89	22.89
Future EPS	0.84	2.10	2.10
Value Price MOS %	0.41 -74.5%	11.88 633.6%	11.88 633.6%
MOS Price	0.21	5.94	5.94
IRT	2.10	1.84	1.84

Graham Number:

NOTE: The Graham Number applies only to certain types of stocks in combination with a number of other criteria.

Read more about Graham Number in Stock Market: Fundamental Analysis.

Graham Number: 10.30
Graham MOS: 535.8%

Price Chart

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