Inventory - Adtran Networks SE (XMUN:ADV)

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Price: 21.9 EUR Market Closed

Market Cap: €728.1m

Adtran Networks SE
Inventory

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Adtran Networks SE
Inventory Peer Comparison

Company		Inventory	CAGR 3Y	CAGR 5Y	CAGR 10Y
A	Adtran Networks SE XMUN:ADV	Inventory €95.8m	CAGR 3-Years -16%	CAGR 5-Years 1%	CAGR 10-Years 4%
	ADVA Optical Networking SE XETRA:ADV	Inventory €95.8m	CAGR 3-Years -16%	CAGR 5-Years 1%	CAGR 10-Years 4%
	UET United Electronic Technology AG XETRA:CFC	Inventory €5.9m	CAGR 3-Years -16%	CAGR 5-Years -3%	CAGR 10-Years N/A
	CeoTronics Audio Video Data Communication AG XETRA:CEK	Inventory €19.1m	CAGR 3-Years 16%	CAGR 5-Years 17%	CAGR 10-Years N/A
	Funkwerk AG F:FEW	Inventory €54.9m	CAGR 3-Years 60%	CAGR 5-Years 30%	CAGR 10-Years N/A

Adtran Networks SE
Glance View

Market Cap

728.1m EUR

Industry

Communications

Adtran Networks SE engages in the development, manufacture, and sale of optical and Ethernet-based networking solutions. The company is headquartered in Martinsried, Bayern and currently employs 2,014 full-time employees. Its products are based on fiber-optic transmission technology combined with Ethernet functionality and software. The firm provides products and services for service providers, government institutions, education facilities, the Internet and cloud industry and enterprise networks. Its product portfolio comprises solutions for scalable optical transport, package edge and aggregation, network synchronization, fiber assurance and automated network management. The firm also provides related technology services and network planning, expanding and maintaining services.

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Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

The AI Assistant may sometimes provide inaccurate information.

Make your own investment decisions or consult a licensed financial advisor.

Adtran Networks SE
XMUN:ADV

Adtran Networks SE
Inventory

Adtran Networks SE
Inventory Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Adtran Networks SE
Glance View

See Also

What is Adtran Networks SE's Inventory?

Inventory
95.8m EUR

What is Adtran Networks SE's Inventory growth rate?

Inventory CAGR 10Y
4%

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Adtran Networks SE XMUN:ADV

Adtran Networks SE Inventory

Adtran Networks SE Inventory Peer Comparison

Competitors Analysis Latest Figures & CAGR of Competitors

Adtran Networks SE Glance View

See Also

What is Adtran Networks SE's Inventory? Inventory 95.8m EUR

What is Adtran Networks SE's Inventory growth rate? Inventory CAGR 10Y 4%

Company

Help

Tools

Stocks

Adtran Networks SE
XMUN:ADV

Adtran Networks SE
Inventory

Adtran Networks SE
Inventory Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Adtran Networks SE
Glance View

What is Adtran Networks SE's Inventory?

Inventory
95.8m EUR

What is Adtran Networks SE's Inventory growth rate?

Inventory CAGR 10Y
4%