Stock fact sheet · data as of
Array Digital Infrastructure Inc (AD): fair value, margin of safety and Wheel Score
Ticker symbol AD · Communication Services · Telecommunications Services · United States · Speculative Income
Is AD undervalued?
AD has a margin of safety of 70%: the stock closed at 33.23 on 5 Nov 2026 against a GLS average fair value of 112.42. 5 of the 6 valuation models that produced a number sit above the price. Our scans treat a discount this large as a strong starting point for a cash-secured put, not as a verdict - the fair value is a model output, and a wide gap can mean the models are missing something the market knows.
There is a wide gap between GLS Growth (26.33) and DDM (312.68). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files AD under Speculative - it is losing money or its Piotroski health score is 3 or lower - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan. It also carries the Income tag (Income = a dividend yield of 4% or more).
Nine valuation models for AD
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | 54.43 | +64% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 145.15 | +337% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 35.99 | +8% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 26.33 | -21% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | - | - | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | 312.68 | +841% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 99.96 | +201% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -25.72 | -177% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 52.00 | +56% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Array Digital Infrastructure Inc scores only 3 of 9 on the Piotroski F-score, which fails the "Piotroski 6 or more" Wheel Trade Filter. A reading this low means several of the basic tests - positive earnings, positive operating cash flow, falling debt, no new share issuance - are not met. A GLS Moat score of 1.8/10 is a weak reading: the accounts do not show returns and margins that competitors have been unable to wear down, so the Moat part of the Wheel Score contributes little.
Returns on capital are moderate - ROIC 6.8%, ROE 11.3%, ROA 5.9% - with debt at 0.67 times equity and negative free cash flow.
The dividend yield is high at 63.95% (payout ratio 491%) - a payout above 100% of earnings, which is not covered by profits. A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual. Revenue comes mainly from Product 98%, Service 2% (quarter Q2 FY2026).
Institutional ownership scores 5/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 3 / 9 | ROIC | 6.8% |
|---|---|---|---|
| GLS Moat | 1.8 / 10 | ROE | 11.3% |
| Debt / equity | 0.67 | ROA | 5.9% |
| Free-cash-flow yield | -7.1% | Payout ratio | 491% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 34: Weak
With a Wheel Score of 34 Array Digital Infrastructure Inc sits in the Weak band. It fails filter 2, a real business, not a gamble - speculative (a loss, or a weak Piotroski score); and filter 4, financially healthy - Piotroski 3/9 (under 6); and filter 5, can repay its debt - 5.9 years to repay its debt (over 3); Option trading (weak) is its weakest part.
Implied volatility is 78% on the near-the-money contracts 20-60 days out - above the 60% top of the sweet spot. It still passes the 25-80% filter, but the Wheel Score rewards it less because volatility this high usually comes with a reason. Chain open interest is 2,156 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 614k shares a day on a market cap of $2.9B, with a beta of 0.25 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Fails | speculative (a loss, or a weak Piotroski score) |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Fails | Piotroski 3/9 (under 6) |
| 5 | Can repay its debt | Fails | 5.9 years to repay its debt (over 3) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 70% below fair value | |
| Premium | Good | implied volatility 78% | |
| Moat | Weak | moat 1.8/10 | |
| Health | Weak | Piotroski 3/9 | |
| Red Flags | Fair | Red Flags score 70/100 | |
| Option trading | Weak | 154 contracts a day, 2,156 open interest | |
| Stability | Fair | beta 0.25, $2.9B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
Array Digital Infrastructure Inc reports earnings on 6 Nov 2026 (before the open) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Telecommunications Services
The 12 companies below are the closest to Array Digital Infrastructure Inc by market cap within the Telecommunications Services industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| UZE Array Digital Infrastructure, Inc. 5.500% Senior Notes due 2070 | 15.33 | 118.18 | +87% | 24No options | $2.9B |
| UZF Array Digital Infrastructure, Inc. 5.500% Senior Notes due 2070 | 15.19 | 117.64 | +87% | 26No options | $2.9B |
| UZD Array Digital Infrastructure, Inc. 6.250% Senior Notes due 2069 | 17.14 | 124.91 | +86% | 26No options | $2.8B |
| LILAP Liberty Latin America Ltd. 9% Cum Perp Red Pfd Shs Series A When-issued | 19.90 | 37.96 | +48% | 25No options | $3.1B |
| KYIV Kyivstar Group Ltd. Common Shares | 13.62 | 28.80 | +53% | 83Good | $3.1B |
| LILAB Liberty Latin America Ltd. | 7.45 | 41.41 | +82% | 30No options | $2.6B |
| LILA Liberty Latin America Ltd. | 8.66 | 40.92 | +79% | 35Weak | $2.6B |
| LILAK Liberty Latin America Ltd. | 8.61 | 40.94 | +79% | 40Weak | $2.6B |
| LBTYA Liberty Global plc | 9.58 | - | - | 33Weak | $3.2B |
| LBTYK Liberty Global plc | 9.34 | - | - | 27Weak | $3.2B |
| LBTYB Liberty Global plc | 11.76 | - | - | 15No options | $3.6B |
| TDS Telephone and Data Systems, Inc. | 36.01 | 56.51 | +36% | 79Good | $3.9B |
⚖ Compare AD with 7 of them All Communication Services stocks →
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Start free See the Sunday ScanQuestions about AD
Is AD undervalued right now?
By the GLS models, yes: at 33.23 the stock is 70% below the average fair value of 112.42 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of AD and what does it mean?
AD scores 34 out of 100 (Weak) - it fails Wheel Trade Filters 2, 4, 5. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for AD?
112.42 per share as of 5 Nov 2026 - the simple average of the 6 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Array Digital Infrastructure Inc report earnings next?
The next earnings report is due on 6 Nov 2026 (before the open), 1 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does AD have listed options, and how liquid are they?
Yes. The nightly snapshot found 70 listed contracts with 2,156 open interest across all expiries and implied volatility of 78% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.