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DCF valuation

What is ATN International, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on ATN International, Inc.'s reported free cash flow gives $58.47 per share. The share price was $28.62 on September 25, 2026, 51% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$43.9M
Average free cash flow, last 5 years
-$12.7M
Cash
$317.6M
balance sheet of June 30, 2026
Debt
$513.3M
balance sheet of June 30, 2026
Diluted shares, fiscal 2025
15,218,000
Revenue growth per year, last 5 years
9.8%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear5.0%3.5%2.0%10.0%$30.77+8%
Base10.0%6.5%2.5%9.0%$58.47+104%
Bull15.0%9.0%3.0%8.0%$110.14+285%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%$78.90$85.19$92.89$102.51$114.88
8.0%$63.61$67.69$72.52$78.31$85.39
9.0%$52.46$55.25$58.47$62.23$66.67
10.0%$43.99$45.97$48.22$50.79$53.76
11.0%$37.34$38.80$40.42$42.25$44.33

Where the presets come from

Base: years 1 to 5 grow at ATN International, Inc.'s revenue growth rate over the last 5 fiscal years (9.8% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.

Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.

Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.

This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.

Adjust the assumptions

Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.

Adjust the assumptions

ATN International, Inc. company page