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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Ps Multiple | 0.4x - 0.5x | 0.5x |
Selected Fwd Ps Multiple | 0.2x - 0.2x | 0.2x |
Fair Value | $0.96 - $1.06 | $1.01 |
Upside | 43.8% - 58.9% | 51.3% |
Benchmarks | Ticker | Full Ticker |
---|---|---|
Globalstar, Inc. | - | NasdaqGS:GSAT |
Iridium Communications Inc. | - | NasdaqGS:IRDM |
Lumen Technologies, Inc. | - | NYSE:LUMN |
iQSTEL Inc. | - | NasdaqCM:IQST |
LICT Corporation | - | OTCPK:LICT |
NextPlat Corp | - | NasdaqCM:NXPL |
Select Price / LTM Sales Ratio | ||||||||
Benchmark Companies | ||||||||
GSAT | IRDM | LUMN | IQST | LICT | NXPL | |||
NasdaqGS:GSAT | NasdaqGS:IRDM | NYSE:LUMN | NasdaqCM:IQST | OTCPK:LICT | NasdaqCM:NXPL | |||
Historical Sales Growth | ||||||||
5Y CAGR | 13.7% | 8.2% | -9.4% | 73.5% | 2.6% | 62.0% | ||
3Y CAGR | 26.3% | 10.6% | -12.7% | 63.6% | 1.3% | 103.8% | ||
Latest Twelve Months | 14.6% | 6.6% | -7.9% | 69.0% | 11.9% | 19.4% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | -73.9% | -1.0% | -15.5% | -6.2% | 17.9% | -58.7% | ||
Prior Fiscal Year | -15.8% | 1.9% | -70.7% | -1.1% | 8.8% | -10.0% | ||
Latest Fiscal Year | -29.5% | 13.6% | -0.4% | -2.3% | 15.4% | -21.4% | ||
Latest Twelve Months | -30.7% | 14.7% | -2.4% | -2.4% | 14.6% | -22.2% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | 28.6x | 10.6x | 5.9x | -77.0x | 5.5x | -0.2x | ||
Price / LTM Sales | 9.2x | 3.3x | 0.3x | 0.1x | 1.5x | 0.3x | ||
LTM P/E Ratio | -29.9x | 22.2x | -12.8x | -3.2x | 10.5x | -1.2x | ||
Low | Mid | High | ||||||
Benchmark LTM P/S Ratio | 0.1x | 1.5x | 9.2x | |||||
Historical LTM P/S Ratio | 0.4x | 1.3x | 2.9x | |||||
Selected Price / Sales Multiple | 0.4x | 0.5x | 0.5x | |||||
(x) LTM Sales | 63 | 63 | 63 | |||||
(=) Equity Value | 27 | 29 | 30 | |||||
(/) Shares Outstanding | 26.0 | 26.0 | 26.0 | |||||
Implied Value Range | 1.05 | 1.10 | 1.16 | |||||
FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 1.05 | 1.10 | 1.16 | 0.67 | ||||
Upside / (Downside) | 56.9% | 65.1% | 73.4% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | GSAT | IRDM | LUMN | IQST | LICT | NXPL | |
Value of Common Equity | 2,368 | 2,766 | 4,001 | 22 | 206 | 17 | |
(/) Shares Outstanding | 126.6 | 108.2 | 1,025.9 | 2.6 | 0.0 | 26.0 | |
Implied Stock Price | 18.71 | 25.57 | 3.90 | 8.40 | 12,900.00 | 0.67 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 18.71 | 25.57 | 3.90 | 8.40 | 12,900.00 | 0.67 | |
Trading Currency | USD | USD | USD | USD | USD | USD | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |