Iridium Communications Inc.

Telecommunications
Telecommunications Equipment
www.iridium.com

Earnings Score
Moat Score

Market Cap $3.64B
PE 32
Debt $NaN
Cash $159.59M
EV $NaN
FCF $297.15M

Earnings

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Sales & Net Margins

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Earnings	$114.46M
EBIT	$194.57M
ROE	17%
ROA	7%
FCF	$297.15M
Equity	$663.76M
Growth Stability	-586%
PE	31.81
PEG	2.23
PB	5.49
P/FCF	12.25
P/S	4.48
Price/Cash	0.04
Net Margins	12%
Op. Margins	24%
Earnings CAGR	0%
Sales Growth YoY	8%
Sales Growth QoQ	6%
Sales CAGR	9%
FCF CAGR	4%
Equity CAGR	-4%
Earnings Stability	0
Earnings Growth YoY	-2K%
Earnings Growth QoQ	-24%

Earnings CAGR 5Y	14%
Sales CAGR 5Y	10%
FCF CAGR 5Y	17%
Equity CAGR 5Y	-14%
Earnings CAGR 3Y	11%
Sales CAGR 3Y	11%
FCF CAGR 3Y	-2%
Equity CAGR 3Y	-19%
Market Cap	$3.64B
Revenue	$812.43M
Dividend Yield	2%
Payout Ratio	57%
Assets	$2.75B
Cash	$159.59M
Shares Outstanding	117.45M
Earnings Score	6%
Moat Score	89%
Working Capital	219.56M
Current Ratio	2.62
Shares Growth 3y	-3%
Equity Growth QoQ	-16%
Equity Growth YoY	-28%

Assets & ROA

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Stockholders Equity & ROE

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Iridium Communications Inc offers voice and data communications services and products to businesses, U.S. and international government agencies, and other customers on a global basis. It is a provider of mobile voice and data communications services through a constellation of low earth-orbiting satellites. Reaching across land, sea, and air, including the polar regions, Iridium's solutions are ideally suited for industries such as maritime, aviation, government/military, emergency/humanitarian services, mining, forestry, oil and gas, heavy equipment, transportation, and utilities. Iridium also provides service to subscribers from the U.S. Department of Defense, as well as other civil and government agencies around the world.

SEC Filings

Direct access to Iridium Communications Inc. (IRDM) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Iridium Communications Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Iridium Communications Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 0%

Stability 0%

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Iridium Communications Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Iridium Communications Inc..

Years

Calculation mode

= $3.9B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$297M	$309M	$320M	$333M	$345M	$359M	$372M	$387M	$402M	$417M	$433M	$4.3B
DCF		$280M	$265M	$250M	$236M	$223M	$210M	$198M	$187M	$177M	$167M	$1.7B
Value	$3.9B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	15%	-2%	22%	49%	-4%	-30%	-10%	-2%	1%	2%	12%
ROA	-	4%	5%	3%	1%	0%	1%	1%	3%	3%	7%
ROE	-	-1%	7%	14%	-1%	-11%	-4%	-1%	1%	2%	17%

Good Net Margins (12.37%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	-9.97	-13.42	-17	22.67	7.84	6.28	5.56	6.28	-
Debt over Equity	-	-	1.34	1.18	1.36	1.25	1.17	1.27	1.35	1.71	-
Growth Stability	-	-	-	100%	-23%	-172%	-586%	-	-	-	-586%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Bad Graham’s Stability (-586%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	1%	5%	3%	17%	7%	4%	5%	17%	10%	10%
Earnings YoY growth	-	-113%	-1K%	128%	-111%	606%	-66%	-83%	-194%	77%	14%
Equity YoY growth	-	-0%	9%	19%	0%	-9%	-3%	-9%	-12%	-21%	-14%
FCF YoY growth	-	23%	-35%	-22%	-9%	-163%	163%	24%	5%	-12%	17%