Stock fact sheet · data as of
Array Digital Infrastructure Inc (AD): fair value, margin of safety and Wheel Score
Communication Services · Telecommunications Services · United States · Speculative / Distressed
Is AD undervalued?
AD has a margin of safety of 70%: the stock closed at 33.51 on 16 Oct 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 screens 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 / Distressed - negative earnings or a Piotroski score of 3 or less - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
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 | +62% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 145.15 | +333% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 35.99 | +7% | 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 | +833% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 99.96 | +198% | 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 | +55% | 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 Sunday Scan's "6 or more" rule. 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 3.9/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, 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 63.41% (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 6/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 3 / 9 | ROIC | 6.8% |
|---|---|---|---|
| GLS Moat | 3.9 / 10 | ROE | 11.3% |
| Debt / equity | 0.67 | ROA | 5.9% |
| Free-cash-flow yield | -7.0% | Payout ratio | 491% |
| Institutions | 5 / 10 | Insiders · Congress | 6 · 5 / 10 |
Wheel Score 45: Weak
With a Wheel Score of 45 Array Digital Infrastructure Inc sits in the Weak band, capped at 45 because the engine files it as Speculative / Distressed. The parts - Value 25/25, Health 7/20, Moat 6/15, Premium 20/20, Stability 11/20 - show where: Health (7/20) scores lowest.
Implied volatility is 53% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is 3,281 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 175k 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 gives that 11 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 70% margin of safety | |
| Health | 7 / 20 | Piotroski 3/9 | |
| Moat | 6 / 15 | moat 3.9/10 | |
| Premium | 20 / 20 | implied volatility 53% | |
| Stability | 11 / 20 | 175k shares/day, $2.9B cap, beta 0.25 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 6 Nov 2026 (before the open), 21 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
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 |
|---|---|---|---|---|---|
| UZD Array Digital Infrastructure, Inc. 6.250% Senior Notes due 2069 | 17.54 | 125.50 | +86% | 39No options | $2.9B |
| UZE Array Digital Infrastructure, Inc. 5.500% Senior Notes due 2070 | 15.63 | 118.50 | +87% | 39No options | $2.9B |
| UZF Array Digital Infrastructure, Inc. 5.500% Senior Notes due 2070 | 15.63 | 118.50 | +87% | 39No options | $2.9B |
| KYIV Kyivstar Group Ltd. Common Shares | 12.29 | 28.48 | +57% | 87Prime | $2.8B |
| LBTYA Liberty Global plc | 8.04 | 7.63 | -5% | 45Weak | $2.7B |
| LBTYK Liberty Global plc | 7.88 | 7.71 | -2% | 45Weak | $2.7B |
| LILAP Liberty Latin America Ltd. 9% Cum Perp Red Pfd Shs Series A When-issued | 20.06 | 45.03 | +55% | 39No options | $3.1B |
| LILA Liberty Latin America Ltd. | 8.25 | 37.49 | +78% | 45Weak | $2.4B |
| LILAK Liberty Latin America Ltd. | 8.19 | 37.51 | +78% | 45Weak | $2.4B |
| LILAB Liberty Latin America Ltd. | 7.45 | 37.76 | +80% | 39No options | $2.4B |
| TDS Telephone and Data Systems, Inc. | 33.93 | 56.51 | +40% | 80Prime | $3.6B |
| LBTYB Liberty Global plc | 12.11 | 7.19 | -68% | 22No options | $3.7B |
⚖ 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 33.51 the stock is 70% below the average fair value of 112.42 (data as of 16 Oct 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 45 out of 100 (Weak). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for AD?
112.42 per share as of 16 Oct 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), 21 days from the data date of 16 Oct 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 192 listed contracts with 3,281 open interest across all expiries and implied volatility of 53% 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.