EchoStar (SATS)
Market Price (3/30/2026): $115.27 | Market Cap: $33.2 BilSector: Communication Services | Industry: Wireless Telecommunication Services
EchoStar (SATS)
Market Price (3/30/2026): $115.27Market Cap: $33.2 BilSector: Communication ServicesIndustry: Wireless Telecommunication Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Megatrend and thematic driversMegatrends include 5G & Advanced Connectivity, and Advanced Aviation & Space. Themes include Wireless Services, Telecom Infrastructure, Show more. | Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -91 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -0.6% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 82% | ||
| Stock price has recently run up significantly12M Rtn12 month market price return is 361% | ||
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.2%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -7.0%, Rev Chg QQuarterly Revenue Change % is -4.3% | ||
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -12% | ||
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 53% | ||
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -48% | ||
| High stock price volatilityVol 12M is 111% | ||
| Key risksSATS key risks include [1] potential FCC penalties or spectrum revocation over its 5G buildout compliance and [2] a precarious financial state burdened by a high debt load, Show more. |
| Megatrend and thematic driversMegatrends include 5G & Advanced Connectivity, and Advanced Aviation & Space. Themes include Wireless Services, Telecom Infrastructure, Show more. |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -91 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -0.6% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 82% |
| Stock price has recently run up significantly12M Rtn12 month market price return is 361% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.2%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -7.0%, Rev Chg QQuarterly Revenue Change % is -4.3% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -12% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 53% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -48% |
| High stock price volatilityVol 12M is 111% |
| Key risksSATS key risks include [1] potential FCC penalties or spectrum revocation over its 5G buildout compliance and [2] a precarious financial state burdened by a high debt load, Show more. |
Qualitative Assessment
AI Analysis | Feedback
EchoStar (SATS) stock has gained about 55% since 11/30/2025 because of the following key factors:
1. Significant Spectrum Sales and Strategic Partnerships with AT&T and SpaceX.
EchoStar announced multi-billion dollar spectrum monetization agreements, including $22.65 billion with AT&T for licenses in the 3.45–3.55 GHz and 600 MHz bands, and an amended deal with SpaceX valued at approximately $20 billion. The SpaceX agreement comprises approximately $8.5 billion in cash, over $11 billion in SpaceX equity (representing roughly a 2% stake), and SpaceX's assumption of $2 billion in interest payments due through November 2027. These deals are anticipated to resolve looming 2026 debt maturities and represent a strategic pivot for EchoStar's Boost Mobile brand to a hybrid provider utilizing AT&T's terrestrial infrastructure and SpaceX's Starlink direct-to-consumer capability.
2. Positive Analyst Sentiment and Upgraded Price Targets.
During the period, several prominent financial institutions issued favorable assessments of EchoStar's stock. Deutsche Bank, for example, raised its price target from $97 to $131, maintaining a 'Buy' rating on December 19, 2025. Morgan Stanley upgraded EchoStar from 'Equal-Weight' to 'Overweight' and increased its price target from $82 to $110 on December 10, 2025. Citigroup also raised its price target from $87 to $111 on December 23, 2025, and further to $121 on February 4, 2026, reflecting a revised optimistic outlook for the company's performance.
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1. Significant Spectrum Sales and Strategic Partnerships with AT&T and SpaceX.
EchoStar announced multi-billion dollar spectrum monetization agreements, including $22.65 billion with AT&T for licenses in the 3.45–3.55 GHz and 600 MHz bands, and an amended deal with SpaceX valued at approximately $20 billion. The SpaceX agreement comprises approximately $8.5 billion in cash, over $11 billion in SpaceX equity (representing roughly a 2% stake), and SpaceX's assumption of $2 billion in interest payments due through November 2027. These deals are anticipated to resolve looming 2026 debt maturities and represent a strategic pivot for EchoStar's Boost Mobile brand to a hybrid provider utilizing AT&T's terrestrial infrastructure and SpaceX's Starlink direct-to-consumer capability.
2. Positive Analyst Sentiment and Upgraded Price Targets.
During the period, several prominent financial institutions issued favorable assessments of EchoStar's stock. Deutsche Bank, for example, raised its price target from $97 to $131, maintaining a 'Buy' rating on December 19, 2025. Morgan Stanley upgraded EchoStar from 'Equal-Weight' to 'Overweight' and increased its price target from $82 to $110 on December 10, 2025. Citigroup also raised its price target from $87 to $111 on December 23, 2025, and further to $121 on February 4, 2026, reflecting a revised optimistic outlook for the company's performance.
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Stock Movement Drivers
Fundamental Drivers
The 57.2% change in SATS stock from 11/30/2025 to 3/29/2026 was primarily driven by a 59.1% change in the company's P/S Multiple.| (LTM values as of) | 11302025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 73.29 | 115.21 | 57.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 15,176 | 15,005 | -1.1% |
| P/S Multiple | 1.4 | 2.2 | 59.1% |
| Shares Outstanding (Mil) | 288 | 288 | -0.1% |
| Cumulative Contribution | 57.2% |
Market Drivers
11/30/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| SATS | 57.2% | |
| Market (SPY) | -5.3% | 34.0% |
| Sector (XLC) | -6.9% | 12.5% |
Fundamental Drivers
The 86.5% change in SATS stock from 8/31/2025 to 3/29/2026 was primarily driven by a 92.5% change in the company's P/S Multiple.| (LTM values as of) | 8312025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 61.79 | 115.21 | 86.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 15,453 | 15,005 | -2.9% |
| P/S Multiple | 1.1 | 2.2 | 92.5% |
| Shares Outstanding (Mil) | 288 | 288 | -0.3% |
| Cumulative Contribution | 86.5% |
Market Drivers
8/31/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| SATS | 86.5% | |
| Market (SPY) | 0.6% | 29.4% |
| Sector (XLC) | -3.3% | 13.0% |
Fundamental Drivers
The 268.9% change in SATS stock from 2/28/2025 to 3/29/2026 was primarily driven by a 298.5% change in the company's P/S Multiple.| (LTM values as of) | 2282025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 31.23 | 115.21 | 268.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 15,826 | 15,005 | -5.2% |
| P/S Multiple | 0.6 | 2.2 | 298.5% |
| Shares Outstanding (Mil) | 281 | 288 | -2.4% |
| Cumulative Contribution | 268.9% |
Market Drivers
2/28/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| SATS | 268.9% | |
| Market (SPY) | 9.8% | 24.2% |
| Sector (XLC) | 6.2% | 20.9% |
Fundamental Drivers
The 477.2% change in SATS stock from 2/28/2023 to 3/29/2026 was primarily driven by a 2390.2% change in the company's P/S Multiple.| (LTM values as of) | 2282023 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 19.96 | 115.21 | 477.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 18,634 | 15,005 | -19.5% |
| P/S Multiple | 0.1 | 2.2 | 2390.2% |
| Shares Outstanding (Mil) | 83 | 288 | -71.2% |
| Cumulative Contribution | 477.2% |
Market Drivers
2/28/2023 to 3/29/2026| Return | Correlation | |
|---|---|---|
| SATS | 477.2% | |
| Market (SPY) | 69.4% | 24.6% |
| Sector (XLC) | 106.7% | 20.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| SATS Return | 24% | -37% | -1% | 38% | 375% | 2% | 426% |
| Peers Return | -7% | -14% | 12% | 15% | -8% | 11% | 5% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -5% | 72% |
Monthly Win Rates [3] | |||||||
| SATS Win Rate | 50% | 33% | 42% | 58% | 58% | 67% | |
| Peers Win Rate | 48% | 43% | 60% | 62% | 52% | 67% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| SATS Max Drawdown | -1% | -41% | -42% | -27% | -30% | -2% | |
| Peers Max Drawdown | -13% | -30% | -11% | -10% | -18% | -7% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -5% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: T, VZ, TMUS, CMCSA, CHTR. See SATS Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/27/2026 (YTD)
How Low Can It Go
| Event | SATS | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -68.0% | -25.4% |
| % Gain to Breakeven | 212.7% | 34.1% |
| Time to Breakeven | 469 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -54.0% | -33.9% |
| % Gain to Breakeven | 117.6% | 51.3% |
| Time to Breakeven | 1,709 days | 148 days |
| 2018 Correction | ||
| % Loss | -45.7% | -19.8% |
| % Gain to Breakeven | 84.1% | 24.7% |
| Time to Breakeven | 2,444 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -67.5% | -56.8% |
| % Gain to Breakeven | 208.0% | 131.3% |
| Time to Breakeven | 1,631 days | 1,480 days |
Compare to T, VZ, TMUS, CMCSA, CHTR
In The Past
EchoStar's stock fell -68.0% during the 2022 Inflation Shock from a high on 11/12/2021. A -68.0% loss requires a 212.7% gain to breakeven.
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About EchoStar (SATS)
EchoStar Corporation, together with its subsidiaries, provides networking technologies and services worldwide. The company operates in two segments, Hughes and EchoStar Satellite Services (ESS). The Hughes segment offers broadband network technologies, managed services, equipment, hardware, satellite services, and communications solutions to government and enterprise customers. The segment also designs, provides, and installs gateway and terminal equipment to customers for other satellite systems. In addition, it designs, develops, constructs, and provides telecommunication networks comprising satellite ground segment systems and terminals to mobile system operators and enterprise customers. Further, this segment designs, provides, and installs gateway and terminal equipment to customers for other satellite systems, as well as offers satellite ground segment systems and terminals for other satellite systems, including mobile system operators. The ESS segment provides satellite services using its owned and leased in-orbit satellites and related licenses to offer satellite services on a full-time and/or occasional-use basis to the U.S. government service providers, internet service providers, broadcast news organizations, content providers, and private enterprise customers. It serves customers in North America, South and Central America, Asia, Africa, Australia, Europe, India, and the Middle East. The company was incorporated in 2007 and is headquartered in Englewood, Colorado.
AI Analysis | Feedback
Here are 1-3 brief analogies to describe EchoStar (SATS):
- Think of them as a global AT&T or Verizon, but with their communication networks built around satellites in space.
- It's like Cisco, but specializing exclusively in designing, building, and managing satellite communication networks and equipment for large organizations and governments.
- Imagine AWS or Microsoft Azure, but providing global infrastructure-as-a-service for satellite connectivity and managed communication networks.
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- Broadband Network Technologies: Provides advanced technologies for establishing and operating broadband networks.
- Managed Services: Offers comprehensive management for various communication and network systems for customers.
- Satellite Equipment & Hardware: Designs, provides, and installs specialized gateway and terminal equipment for satellite systems.
- Telecommunication Networks (Ground Segment): Designs, develops, constructs, and provides the terrestrial infrastructure for satellite telecommunication networks.
- Satellite Services: Delivers satellite capacity and related services utilizing owned and leased in-orbit satellites.
- Communication Solutions: Provides integrated solutions to address diverse communication requirements for government and enterprise clients.
AI Analysis | Feedback
EchoStar (SATS) primarily sells its networking technologies and services to other companies and government entities, not primarily to individuals. The provided background description does not list specific customer company names. Instead, it details categories of customers that EchoStar serves:
- Government and Government Service Providers: This includes government customers and U.S. government service providers that utilize EchoStar's broadband network technologies, managed services, satellite services, and communication solutions.
- Enterprise Customers: This broad category encompasses private enterprise customers, broadcast news organizations, and content providers who leverage EchoStar's network technologies, managed services, equipment, hardware, and satellite services.
- Telecommunications and Internet Service Providers/Operators: This includes mobile system operators and internet service providers (ISPs) that acquire satellite ground segment systems, terminals, and satellite services from EchoStar.
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EchoStar's major suppliers include:
- MDA Corporation (TSX: MDA)
- SpaceX
- Arianespace
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Charlie Ergen, Co-founder, Chairman, President and Chief Executive Officer
Charlie Ergen co-founded EchoStar Corporation in 1980 and currently serves as Chairman of the Board of Directors, President, and Chief Executive Officer. In this role, he directs EchoStar's long-term business development and strategy and oversees the day-to-day operations of EchoStar's Pay-TV and Wireless business units, as well as its shared services operations. He is a prominent leader in the satellite and telecommunications industries and returned as CEO in November 2025.
Paul Orban, Executive Vice President and Chief Financial Officer
Paul Orban was named Chief Financial Officer of EchoStar Corporation, effective December 31, 2023. Prior to joining EchoStar, he served as the CFO of Aviat Networks. Mr. Orban has held various leadership positions with increasing responsibility, including Executive Vice President and Chief Financial Officer at DISH, Director of Accounting, Vice President of Accounting, and Senior Vice President and Chief Accounting Officer. He played key roles in significant debt offerings, acquisitions, and divestitures, including the "spinoff" of EchoStar Corporation in 2008. He also served as Senior Vice President and Corporate Controller for both DISH Network Corporation and EchoStar Corporation until 2012.
Hamid Akhavan, Chief Executive Officer, EchoStar Capital
Hamid Akhavan serves as the Chief Executive Officer of EchoStar Capital, where he directs the company's capital management and strategic investment activities. He previously served as CEO and President of EchoStar Corporation from March 2022 to November 2025. Prior to joining EchoStar, Mr. Akhavan was a Partner at Twin Point Capital, an investment firm, from April 2018 to March 2022, and a Founding Partner of Long Arc Capital LLC from March 2016 to April 2018, both indicating involvement with private equity. He also held executive leadership positions including CEO of Unify, Inc. (formerly Siemens Enterprise Communications), Chief Operating Officer at Deutsche Telekom, and CEO of T-Mobile International, where he also served as a member of the Board of Management of Deutsche Telekom.
John Swieringa, President, Technology, and Chief Operating Officer
John Swieringa serves as President, Technology, and Chief Operating Officer for EchoStar Corporation.
Dean Manson, Chief Legal Officer and Secretary
Dean Manson serves as the Chief Legal Officer and Secretary of EchoStar Corporation.
AI Analysis | Feedback
The following are key risks to EchoStar's business: * Financial Health, Liquidity, and Debt: EchoStar faces significant financial challenges, including substantial net losses and a "going concern" warning from its auditor, KPMG, indicating substantial doubt about its ability to continue operating. The company has considerable debt maturities, particularly associated with Dish Network, and requires significant capital to fund its ongoing operations and wireless initiatives. The ability to secure financing on acceptable terms and manage its large funding needs is critical for its long-term viability. * Competitive Pressure and Market Shifts: EchoStar operates in highly competitive environments across its segments. In satellite services, it competes with established providers and emerging players such as SpaceX's Starlink and Amazon's Kuiper. Its wireless segment faces intense competition from larger national carriers like Verizon, AT&T, and T-Mobile. Furthermore, shifts in consumer preferences towards streaming services pose a threat to its traditional satellite television revenue. * Satellite Operational and Technological Risks: The operation of EchoStar's satellite services is subject to inherent risks, including anomalies that could impact the useful life and commercial operations of its satellites. The company's decision not to carry commercial in-orbit insurance on its satellites further exacerbates the financial exposure to such failures. Additionally, its reliance on external networks for service delivery and the need to adapt to rapid technological changes pose ongoing operational and technological challenges.AI Analysis | Feedback
The emergence of Low Earth Orbit (LEO) satellite constellations, such as Starlink, OneWeb, and Amazon Kuiper, poses a clear emerging threat to EchoStar. These LEO systems offer significantly lower latency and potentially higher speeds compared to the traditional Geostationary Earth Orbit (GEO) satellites used by EchoStar for its broadband and satellite services. This technological advancement directly challenges EchoStar's core offerings in providing internet service, managed network solutions to enterprises and governments, and satellite capacity, by offering a superior user experience for latency-sensitive applications.
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EchoStar (SATS) participates in several significant addressable markets related to satellite communication and network services.- Fixed Satellite Broadband Services: The global fixed satellite broadband market is projected to grow from an estimated $10 billion in 2025 to $20 billion by 2030. In the U.S., the satellite broadband market was valued at USD 4.10 billion in 2024 and is expected to reach USD 10.76 billion by 2032.
- Enterprise Satellite Communication (SATCOM) Services: The global enterprise SATCOM services market reached USD 7.8 billion in 2024 and is forecasted to expand to USD 17.2 billion by 2033. North America accounted for approximately 35% of these global revenues in 2024, equating to about USD 2.7 billion.
- Government & Defense Satellite Communication: The global government & defense satellite communication market was valued at US$ 13,258.3 million (approximately USD 13.26 billion) in 2025 and is estimated to grow to US$ 33,673.8 million by 2033. North America was the largest revenue-generating market for this segment in 2025.
- Managed Network Services (Enterprise): The global managed network services market was estimated at USD 66.24 billion in 2024 and is anticipated to reach USD 115.83 billion by 2034. North America held approximately 33% of the global market share, generating around USD 21.91 billion in revenue in 2024.
- Satellite Ground Station Market (including equipment and hardware): The global satellite ground station market was valued at USD 53.8 billion in 2024 and is projected to reach USD 176.6 billion by 2034. The U.S. satellite ground station market size was USD 18.50 billion in 2025.
AI Analysis | Feedback
EchoStar Corporation (SATS) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and strategic shifts:- Strategic Partnership with SpaceX/Starlink for Direct-to-Device (D2D) Services: EchoStar has pivoted its direct-to-device strategy by forming a strategic partnership with SpaceX/Starlink. This collaboration is anticipated to position EchoStar advantageously in the emerging direct-to-device market, opening new avenues for revenue generation.
- Growth and Profitability of the Wireless Segment (Boost Mobile): The company is transitioning its wireless segment to an MVNO-focused strategy with a strong emphasis on profitable customer acquisition. While this segment has faced subscriber fluctuations, the strategic realignment and efforts to achieve breakeven are expected to contribute to future revenue growth.
- Leveraging Spectrum Assets for 5G Network Deployment and Service Contracts: EchoStar is focused on utilizing its extensive spectrum portfolio for 5G network deployment and securing new service contracts in the broadband and 5G sectors. This strategic direction aims to build sustainable service revenues with recurring margins.
- Strategic Investments from Spectrum Sale Proceeds: EchoStar anticipates a significant influx of capital from pending spectrum sales in the first half of 2026. These proceeds are slated for strategic investments, including debt reduction and other opportunities designed to maximize shareholder returns and fund initiatives that will ultimately drive future revenue growth.
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Capital Allocation Decisions (Last 3-5 Years)
Share Repurchases
- Information regarding company-initiated share repurchases over the last 3-5 years for EchoStar (SATS) was not readily available in the provided search results.
Share Issuance
- In November 2024, EchoStar completed a private placement resulting in the issuance of Class A common stock, which provided approximately $400 million of incremental cash to its balance sheet.
Inbound Investments
- EchoStar secured a $5.1 billion capital investment from current stakeholders through the purchase of EchoStar secured notes maturing in 2029, intended to fund the development and expansion of the Boost Mobile 5G network.
- In October 2024, an additional $2.5 billion investment from TPG Angelo Gordon and co-investors was secured to provide interim liquidity and enable DISH Network (a subsidiary) to refinance its November 2024 debt maturity.
Outbound Investments
- As part of spectrum asset sales to SpaceX, EchoStar received over $11 billion in SpaceX equity. This represents a significant strategic holding in another company.
Capital Expenditures
- Historically, EchoStar incurred substantial capital expenditures, with approximately $2 billion annually primarily directed towards the buildout of its 5G network.
- In the third quarter of 2025, capital expenditures amounted to $965.7 million.
- Following significant spectrum divestitures and a strategic pivot, expected maintenance capital expenditures are projected to decrease to approximately $400 million annually. The primary focus has shifted from building a standalone nationwide 5G Open RAN network to a hybrid model utilizing existing infrastructure and strategic partnerships.
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| 02132026 | YELP | Yelp | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 6.2% | 6.2% | -5.7% |
| 02132026 | TRIP | Tripadvisor | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 5.2% | 5.2% | 0.0% |
| 02062026 | OMC | Omnicom | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 22.1% | 22.1% | -3.7% |
| 02062026 | MGNI | Magnite | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 20.6% | 20.6% | -0.8% |
| 01302026 | RBLX | Roblox | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 4.4% | 4.4% | -7.9% |
| 10312023 | SATS | EchoStar | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 15.4% | 81.7% | -30.2% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 82.76 |
| Mkt Cap | 154.7 |
| Rev LTM | 106,008 |
| Op Inc LTM | 19,614 |
| FCF LTM | 17,331 |
| FCF 3Y Avg | 12,983 |
| CFO LTM | 30,796 |
| CFO 3Y Avg | 26,436 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 1.3% |
| Rev Chg 3Y Avg | 0.5% |
| Rev Chg Q | 1.6% |
| QoQ Delta Rev Chg LTM | 0.4% |
| Op Mgn LTM | 20.5% |
| Op Mgn 3Y Avg | 20.2% |
| QoQ Delta Op Mgn LTM | -0.7% |
| CFO/Rev LTM | 28.3% |
| CFO/Rev 3Y Avg | 27.4% |
| FCF/Rev LTM | 14.9% |
| FCF/Rev 3Y Avg | 12.4% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 154.7 |
| P/S | 1.6 |
| P/EBIT | 4.8 |
| P/E | 7.5 |
| P/CFO | 4.1 |
| Total Yield | 12.0% |
| Dividend Yield | 0.9% |
| FCF Yield 3Y Avg | 10.0% |
| D/E | 0.9 |
| Net D/E | 0.8 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -1.6% |
| 3M Rtn | 7.4% |
| 6M Rtn | 1.2% |
| 12M Rtn | -3.2% |
| 3Y Rtn | 55.6% |
| 1M Excs Rtn | 8.7% |
| 3M Excs Rtn | 15.2% |
| 6M Excs Rtn | 4.9% |
| 12M Excs Rtn | -14.5% |
| 3Y Excs Rtn | -2.7% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Pay-TV | 10,688 | 12,505 | |||
| Wireless | 3,594 | 4,135 | |||
| Broadband and Satellite Services | 1,576 | 1,998 | |||
| Other | 157 | ||||
| Eliminations | -189 | -70 | |||
| 5G Network Deployment | 66 | ||||
| Corporate and Other | 12 | 10 | |||
| EchoStar Satellite Services (ESS) | 18 | 17 | |||
| Hughes | 1,956 | 1,861 | |||
| Total | 15,826 | 18,634 | 1,986 | 1,888 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Pay-TV | 2,648 | 2,934 | |||
| Eliminations | -2 | 6 | |||
| Broadband and Satellite Services | -118 | 182 | |||
| Wireless | -478 | -77 | |||
| Other | -2,354 | ||||
| 5G Network Deployment | -811 | ||||
| Total | -304 | 2,233 |
Price Behavior
Price Behavior
| Market Price | $115.21 | |
| Market Cap ($ Bil) | 33.2 | |
| First Trading Date | 01/02/2008 | |
| Distance from 52W High | -12.1% | |
| 50 Days | 200 Days | |
| DMA Price | $114.05 | $75.88 |
| DMA Trend | up | up |
| Distance from DMA | 1.0% | 51.8% |
| 3M | 1YR | |
| Volatility | 57.8% | 111.7% |
| Downside Capture | 0.74 | 0.74 |
| Upside Capture | 223.65 | 250.16 |
| Correlation (SPY) | 35.5% | 23.4% |
SATS Betas & Captures as of 2/28/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.25 | 1.08 | 1.25 | 1.05 | 1.32 | 1.31 |
| Up Beta | 1.12 | 0.72 | 0.64 | 0.29 | 0.53 | 1.08 |
| Down Beta | -1.54 | 0.29 | 0.65 | 0.55 | 1.95 | 1.62 |
| Up Capture | 162% | 196% | 377% | 296% | 449% | 352% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 11 | 22 | 35 | 69 | 133 | 385 |
| Down Capture | 260% | 125% | 25% | 76% | 100% | 101% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 10 | 19 | 26 | 55 | 117 | 363 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SATS | |
|---|---|---|---|---|
| SATS | 314.0% | 111.3% | 1.71 | - |
| Sector ETF (XLC) | 9.1% | 18.3% | 0.33 | 20.5% |
| Equity (SPY) | 14.5% | 18.9% | 0.59 | 23.6% |
| Gold (GLD) | 50.2% | 27.7% | 1.46 | 2.6% |
| Commodities (DBC) | 17.8% | 17.6% | 0.85 | 4.0% |
| Real Estate (VNQ) | 0.4% | 16.4% | -0.15 | 11.6% |
| Bitcoin (BTCUSD) | -23.7% | 44.2% | -0.49 | 13.4% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SATS | |
|---|---|---|---|---|
| SATS | 33.1% | 68.6% | 0.68 | - |
| Sector ETF (XLC) | 8.1% | 20.7% | 0.31 | 21.9% |
| Equity (SPY) | 11.8% | 17.0% | 0.54 | 26.3% |
| Gold (GLD) | 20.7% | 17.7% | 0.96 | 5.5% |
| Commodities (DBC) | 11.6% | 18.9% | 0.50 | 6.3% |
| Real Estate (VNQ) | 3.0% | 18.8% | 0.07 | 22.7% |
| Bitcoin (BTCUSD) | 4.0% | 56.6% | 0.29 | 13.6% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SATS | |
|---|---|---|---|---|
| SATS | 11.4% | 53.5% | 0.40 | - |
| Sector ETF (XLC) | 8.7% | 22.4% | 0.47 | 27.1% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 32.5% |
| Gold (GLD) | 13.3% | 15.8% | 0.70 | 3.0% |
| Commodities (DBC) | 8.2% | 17.6% | 0.39 | 12.9% |
| Real Estate (VNQ) | 4.7% | 20.7% | 0.19 | 27.0% |
| Bitcoin (BTCUSD) | 66.4% | 66.8% | 1.06 | 11.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Akhavan, Hamid | CEO, EchoStar Capital | Direct | Sell | 12152025 | 105.33 | 285,832 | 30,106,499 | 39,688,625 | Form |
| 2 | Ortolf, Tom A | Direct | Sell | 12152025 | 104.06 | 1,754 | 182,521 | 384,814 | Form | |
| 3 | Swieringa, John | PRES, TECH & COO | Direct | Sell | 11252025 | 67.34 | 22,000 | 1,481,480 | 19,091,496 | Form |
| 4 | Brokaw, George R | Direct | Buy | 11202025 | 68.07 | 1,000 | 68,070 | 187,465 | Form | |
| 5 | Akhavan, Hamid | PRESIDENT AND CEO | Direct | Sell | 9162025 | 75.35 | 233,918 | 17,626,533 | 28,393,565 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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