SATS
EchoStar Corporation
TMT
05/16/2014
Presented
| Date | 05/14/2014 |
| Price | $49.46 |
| Market Cap | $4.48B |
| Ent Value | $5.27B |
| P/E Ratio | 30.1x |
| Book Value | $38.52 |
| Div Yield | N/A |
| Shares O/S | 90.54M |
| Ave Daily Vol | 280,000 |
| Short Int | 0.36% |
Current
| Price | $25.79 |
| Market Cap | $7.01B |
| EchoStar Corporation provides satellite operations, video delivery solutions, and broadband satellite technologies and services for home and office worldwide. The company operates in three segments: EchoStar Technologies, Hughes, and EchoStar Satellite Services. The EchoStar Technologies segment designs, develops, and distributes high-definition and standard-definition digital set-top boxes, and related products and technologies, such as satellite dishes and remote controls for satellite television (TV) service providers, and telecommunication and cable companies; and Slingboxes directly to consumers through retail outlets and online. This segment also provides digital broadcast operations, including satellite uplinking/downlinking, transmission services, signal processing, conditional access management, and other services. The Hughes segment provides satellite broadband Internet access; broadband network services and equipment to enterprise markets; managed network services and equipment to enterprises and broadband service providers; satellite ground segment systems and terminals to mobile system operators; and solutions to customers for mobile satellite systems. The EchoStar Satellite Services segment leases capacity on a full-time and occasional-use basis to the United States government service providers, state agencies, Internet service providers, broadcast news organizations, programmers, and private enterprise customers through its 10 owned and leased in-orbit satellites. EchoStar Corporation was founded in 2007 and is headquartered in Englewood, Colorado. |
Publicly traded companies mentioned herein: EchoStar Corp. (SATS), ViaSat Inc. (VSAT), AT&T, Inc. (T), Dish Network Corp. (DISH), DIRECTV (DTV), T-Mobile US, Inc. (TMUS), Sprint Corporation (S), Time Warner Cable Inc. (TWC)
Highlights
Shares of EchoStar (SATS) are trading at a P/E of 54x and EV/ EBITDA of 6x the Street’s 2014 estimates. The company is majority owned by Charlie Ergen, and the presenter is long the stock as he believes it is undervalued and satellites will ultimately play a more important role in supporting global data consumption. He has spend a great deal of time trying to understand the implications of the cloud and stress on current infrastructure, and doesn’t see any one solution (LTE, fiber, etc.) addressing the need for more bandwidth.
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