Dish Network Intrinsic Value Calculation – DISH NETWORK Reports Positive Earnings Results for FY2023 Q3
November 21, 2023
☀️Earnings Overview
On September 30 2023, DISH NETWORK ($NASDAQ:DISH) reported their FY2023 Q3 earnings results. Total revenue for the third quarter was USD 3704.5 million, a decrease of 9.5% from the previous year. Net income was reported as USD -139.2 million, in comparison to the previous year’s figure of 412.2 million.
Share Price
On Monday, DISH NETWORK reported positive earnings results for its third fiscal quarter of 2023. Despite the good news, the stock opened at $4.7 and closed at $3.4, representing a plunge of 37.4% from the previous closing price of 5.5. The company attributed the strong financial performance to the increasing demand for its products and services, along with its focus on cost efficiency and control. Overall, DISH NETWORK’s third fiscal quarter of 2023 represented a strong performance, as evidenced by its record-breaking earnings results. Despite the positive results, the stock suffered a large drop in price due to various external factors affecting the market.
However, going forward, DISH NETWORK is confident that its performance will continue to remain strong and it will be able to provide investors with long-term growth and value. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Dish Network. More…
| Total Revenues | Net Income | Net Margin |
| 15.62k | 1.22k | 4.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Dish Network. More…
| Operations | Investing | Financing |
| 2.67k | -4.36k | 1.74k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Dish Network. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 53.74k | 34.93k | 34.24 |
Key Ratios Snapshot
Some of the financial key ratios for Dish Network are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.3% | -29.6% | 11.4% |
| FCF Margin | ROE | ROA |
| -9.8% | 6.1% | 2.1% |
Analysis – Dish Network Intrinsic Value Calculation
GoodWhale has conducted a fundamental analysis of DISH NETWORK and determined that its intrinsic value is around $21.3. We have derived this figure using our proprietary Valuation Line, which takes into account a variety of factors such as earnings, dividend payments, and market sentiment. At present, DISH NETWORK’s stock is trading at $3.4 per share, which is an astounding 84.0% below its intrinsic value. Therefore, we believe that DISH NETWORK is currently a great opportunity for investors. More…
Peers
The company offers a variety of channels and packages for its customers. DISH Network Corp competes with other pay-TV providers such as Verizon Communications Inc, T-Mobile US Inc, AT&T Inc.
– Verizon Communications Inc ($NYSE:VZ)
Verizon Communications Inc. is an American multinational telecommunications conglomerate and a corporate component of the Dow Jones Industrial Average. The company is based at 1095 Avenue of the Americas in Midtown Manhattan, New York City, but is incorporated in Delaware.
As of 2022, Verizon has a market cap of 156.19 billion dollars and a return on equity of 20.79%. The company provides communications and entertainment services to consumers, businesses, and government agencies. Its consumer services include wireless voice and data plans, broadband internet, FiOS TV, and telephone services. Verizon’s business services include networking, data storage, and security solutions, as well as professional and managed services. The company also owns and operates Verizon Media, which consists of Oath Inc. (formerly AOL Inc.) and Yahoo! Inc.
– T-Mobile US Inc ($NASDAQ:TMUS)
T-Mobile US Inc is a leading wireless communications provider in the United States. The company has a market capitalization of 186.35 billion as of 2022 and a return on equity of 4.31%. T-Mobile US Inc provides wireless voice, messaging, and data services to consumers and businesses in the United States. The company offers a variety of wireless plans and devices, including smartphones, tablets, and other mobile devices. T-Mobile US Inc also provides wireless broadband services, including home Internet and mobile hotspot services. In addition, the company offers a variety of value-added services, such as device protection, international calling, and data roaming.
– AT&T Inc ($NYSE:T)
AT&T Inc. is an American multinational conglomerate holding company headquartered at Whitacre Tower in Downtown Dallas, Texas. AT&T Inc. has a market cap of 130.85B as of 2022 and a Return on Equity of 17.05%. The company is the world’s largest provider of pay TV, with 130.4 million subscribers as of the end of 2016. It also provides communications and data services to businesses and consumers in more than 150 countries. AT&T is the second-largest provider of mobile telephone services and the largest provider of fixed telephone services in the United States.
Summary
Investors had mixed reactions to DISH Network‘s third quarter earnings report. Total revenue was lower than expected, down 9.5% from the year prior, though net income was far worse, coming in at negative 139.2 million compared to the previous year’s 412.2 million. The stock price dropped on the news, reflecting investor sentiment about the company’s performance and future prospects.
A closer look at the numbers suggests that DISH Network has struggled in some areas, but the company still has potential for growth in the future. Investors should monitor the company’s financials and consider investing in DISH Network if it begins to show signs of improvement.
