DISH Network (WBAG:DISH) - Share price, News & Analysis

DISH fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	0/6
Past Performance	4/6
Financial Health	3/6
Dividends	0/6

DISH Stock Overview

DISH Network Corporation, together with its subsidiaries, provides pay-TV services in the United States.

Rewards

Trading at 50.7% below our estimate of its fair value

Earnings have grown 7.1% per year over the past 5 years

Risk Analysis

Earnings are forecast to decline by an average of 20.1% per year for the next 3 years

Debt is not well covered by operating cash flow

Highly volatile share price over the past 3 months

DISH Network Competitors

Apple

NasdaqGS:AAPL

US$2.7t

Microsoft

NasdaqGS:MSFT

US$2.1t

Amazon.com

NasdaqGS:AMZN

US$1.6t

Samsung Electronics

KOSE:A005930

₩452.0t

Price History & Performance

Summary of all time highs, changes and price drops for DISH Network
Historical stock prices
Current Share Price	US$31.05
52 Week High	US$39.51
52 Week Low	US$23.28
Beta	2
1 Month Change	8.72%
3 Month Change	2.71%
1 Year Change	-3.47%
3 Year Change	1.89%
5 Year Change	n/a
Change since IPO	-45.18%

Shareholder Returns

	DISH	AT Media	AT Market
7D	5.9%	0.3%	1.3%
1Y	-3.5%	-15.8%	8.6%

Return vs Industry: DISH exceeded the Austrian Media industry which returned -16.9% over the past year.

Return vs Market: DISH underperformed the Austrian Market which returned 6.4% over the past year.

Price Volatility

Is DISH's price volatile compared to industry and market?
DISH volatility
DISH Average Weekly Movement	8.7%
Media Industry Average Movement	6.0%
Market Average Movement	5.7%
10% most volatile stocks in AT Market	8.1%
10% least volatile stocks in AT Market	3.0%

Stable Share Price: DISH is more volatile than 90% of Austrian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: DISH's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of Austrian stocks.

About the Company

Founded	Employees	CEO	Website
1980	14,500	W. Carlson	https://www.dish.com

DISH Network Corporation, together with its subsidiaries, provides pay-TV services in the United States. The company operates in two segments, Pay-TV and Wireless. It offers video services under the DISH TV brand; and programming packages that include programming through national broadcast networks, local broadcast networks, and national and regional cable networks, as well as regional and specialty sports channels, premium movie channels, and Latino and international programming packages.

DISH Network Fundamentals Summary

How do DISH Network's earnings and revenue compare to its market cap?
DISH fundamental statistics
Market Cap	US$17.72b
Earnings (TTM)	US$2.41b
Revenue (TTM)	US$17.88b

7.4x

P/E Ratio

1.0x

P/S Ratio

Is DISH overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
DISH income statement (TTM)
Revenue	US$17.88b
Cost of Revenue	US$11.74b
Gross Profit	US$6.14b
Other Expenses	US$3.73b
Earnings	US$2.41b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	4.56
Gross Margin	34.35%
Net Profit Margin	13.48%
Debt/Equity Ratio	133.9%

How did DISH perform over the long term?

See historical performance and comparison

Valuation

Is DISH Network undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: DISH (€31.05) is trading below our estimate of fair value (€62.99)

Significantly Below Fair Value: DISH is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: DISH is good value based on its PE Ratio (7.4x) compared to the European Media industry average (17.1x).

PE vs Market: DISH is good value based on its PE Ratio (7.4x) compared to the Austrian market (14.2x).

Price to Earnings Growth Ratio

PEG Ratio: DISH's earnings are forecast to decline next year, so we can't calculate its PEG ratio.

Price to Book Ratio

PB vs Industry: DISH is good value based on its PB Ratio (1.1x) compared to the XE Media industry average (1.8x).

Future Growth

How is DISH Network forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

-20.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: DISH's earnings are forecast to decline over the next 3 years (-20.1% per year).

Earnings vs Market: DISH's earnings are forecast to decline over the next 3 years (-20.1% per year).

High Growth Earnings: DISH's earnings are forecast to decline over the next 3 years.

Revenue vs Market: DISH's revenue (1.8% per year) is forecast to grow slower than the Austrian market (2.5% per year).

High Growth Revenue: DISH's revenue (1.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: DISH's Return on Equity is forecast to be low in 3 years time (4.9%).

Past Performance

How has DISH Network performed over the past 5 years?

7.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: DISH has high quality earnings.

Growing Profit Margin: DISH's current net profit margins (13.5%) are higher than last year (11.4%).

Past Earnings Growth Analysis

Earnings Trend: DISH's earnings have grown by 7.1% per year over the past 5 years.

Accelerating Growth: DISH's earnings growth over the past year (36.8%) exceeds its 5-year average (7.1% per year).

Earnings vs Industry: DISH earnings growth over the past year (36.8%) underperformed the Media industry 62.2%.

Return on Equity

High ROE: DISH's Return on Equity (15.4%) is considered low.

Financial Health

How is DISH Network's financial position?

Financial Position Analysis

Short Term Liabilities: DISH's short term assets ($7.5B) exceed its short term liabilities ($6.5B).

Long Term Liabilities: DISH's short term assets ($7.5B) do not cover its long term liabilities ($25.6B).

Debt to Equity History and Analysis

Debt Level: DISH's net debt to equity ratio (99.9%) is considered high.

Reducing Debt: DISH's debt to equity ratio has reduced from 334% to 133.9% over the past 5 years.

Debt Coverage: DISH's debt is not well covered by operating cash flow (18.9%).

Interest Coverage: DISH's interest payments on its debt are well covered by EBIT (662.3x coverage).

Balance Sheet

Dividend

What is DISH Network current dividend yield, its reliability and sustainability?

Dividend Yield vs Market

Notable Dividend: Unable to evaluate DISH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate DISH's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if DISH's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if DISH's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as DISH has not reported any payouts.

Next Steps

Explore strong dividend paying companies in the Media industry.

Management

How experienced are the management team and are they aligned to shareholders interests?

3.4yrs

Average management tenure

CEO

W. Carlson (51 yo)

6.33yrs

Tenure

US$2,895,882

Compensation

Mr. W. Erik Carlson serves as President and Chief Executive Officer at DISH DBS Corporation. Mr. Carlson has been President of DISH Network Corporation since December 11, 2015 and has been its Chief Execut...

CEO Compensation Analysis

Compensation vs Market: W.'s total compensation ($USD2.90M) is about average for companies of similar size in the Austrian market ($USD3.92M).

Compensation vs Earnings: W.'s compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: DISH's management team is considered experienced (3.4 years average tenure).

Board Members

Experienced Board: DISH's board of directors are seasoned and experienced ( 12.7 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/04/20 00:00
End of Day Share Price	2022/04/19 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31