Echostar Corporation Stock Intrinsic Value – ECHOSTAR CORPORATION Announces FY2023 Q2 Earnings Results for June 30 2023
August 13, 2023
🌥️Earnings Overview
Echostar Corporation ($NASDAQ:SATS) reported their second quarter earnings results for the fiscal year 2023 on August 8th, 2023. Revenue for the quarter ended June 30th, 2023 amounted to $453.1 million, a 9.3% decrease compared to the same period in the prior year. Net income for the quarter was $11.2 million, a 19.5% decrease as compared to the year before.
Share Price
On Tuesday, ECHOSTAR CORPORATION released their FY2023 Q2 earning results for June 30th 2023. At the beginning of the day, their stock opened at $21.2 and closed at $23.7, representing a 1.0% increase from the prior closing price of $23.5. The improved financial performance is a testament to the success of ECHOSTAR CORPORATION’s strategies and initiatives to grow and strengthen their business over the past year. Their positive results have further solidified their status as a key player in the industry and investor confidence in the future of the company remains steadfast. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Echostar Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 1.89k | 111.95 | 7.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Echostar Corporation. More…
| Operations | Investing | Financing |
| 468.93 | -752.06 | -9.35 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Echostar Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.24k | 2.57k | 42.63 |
Key Ratios Snapshot
Some of the financial key ratios for Echostar Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -0.1% | 22.4% | 11.5% |
| FCF Margin | ROE | ROA |
| 11.2% | 3.8% | 2.2% |
Analysis – Echostar Corporation Stock Intrinsic Value
At GoodWhale, we have conducted an extensive analysis of ECHOSTAR CORPORATION‘s wellbeing. Our proprietary Valuation Line has determined that the intrinsic value of ECHOSTAR CORPORATION share is around $24.1. Currently, the stock is traded at $23.7, making it a fair price but one that is slightly undervalued by 1.6%. We believe there is great potential for ECHOSTAR CORPORATION to appreciate further in the near future and encourage all our clients to take a closer look at the company and its potential returns. More…
Peers
The company has three main competitors: Gemtek Technology Co Ltd, Edimax Technology Co Ltd, and Teleste Oyj. All three companies provide similar services and products, but each has a different focus. For example, Gemtek Technology Co Ltd focuses on providing equipment for broadband and wireless networks, while Edimax Technology Co Ltd focuses on manufacturing networking equipment. Teleste Oyj, on the other hand, focuses on providing solutions for cable and broadband operators.
– Gemtek Technology Co Ltd ($TWSE:4906)
Gemtek Technology Co Ltd is a Taiwanese company that designs, manufactures and sells a wide range of information and communications technology products. The company has a market cap of 10.26B as of 2022 and a return on equity of 3.01%. Gemtek’s products include routers, switches, wireless access points, set-top boxes, VoIP phones and other networking equipment. The company also provides contract manufacturing services for a number of electronics companies. Gemtek has a strong presence in the Asia-Pacific region and also has operations in Europe and the Americas.
– Edimax Technology Co Ltd ($TWSE:3047)
Edimax Technology Co Ltd is a Taiwanese networking company that specializes in the production of a wide range of networking solutions. The company has a market cap of 3.15 billion as of 2022 and a return on equity of 4.99%. Edimax’s products include routers, switches, IP cameras, print servers, and Wi-Fi adapters. The company has a strong presence in Asia, Europe, and the Americas.
– Teleste Oyj ($LTS:0K1Q)
Teleste Oyj is a Finnish manufacturer of broadband video and data communication systems and equipment for cable and telephone operators and other types of telecommunications providers. The company has a market cap of 63.43M as of 2022 and a Return on Equity of 3.58%. Teleste offers its customers solutions for the efficient deployment and management of high-quality voice, video and data communication services. Its products are used in cable and telephone networks, as well as in public safety and security systems.
Summary
ECHOSTAR CORPORATION‘s Q2 earnings results, reported on August 8 2023, showed total revenue of USD 453.1 million, a decrease of 9.3% compared to the same period last year. Net income for the quarter was USD 11.2 million, a decrease of 19.5% compared to the previous year. The company’s performance in Q2 could be considered disappointing for investors, as it has not yet recovered from the effects of the pandemic. However, long-term investors may take solace in the fact that the company is continuing to generate profits and demonstrate resilience in its overall performance.
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