NasdaqGS:DISH

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Adequate balance sheet and slightly overvalued.


Similar Companies

Share Price & News

How has DISH Network's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: DISH's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

13.2%

DISH

5.5%

US Media

3.8%

US Market


1 Year Return

-3.5%

DISH

3.3%

US Media

9.7%

US Market

Return vs Industry: DISH underperformed the US Media industry which returned 3.3% over the past year.

Return vs Market: DISH underperformed the US Market which returned 9.7% over the past year.


Shareholder returns

DISHIndustryMarket
7 Day13.2%5.5%3.8%
30 Day53.4%16.1%11.4%
90 Day22.6%5.1%6.8%
1 Year-3.5%-3.5%4.8%3.3%12.1%9.7%
3 Year-44.9%-44.9%7.1%2.8%36.2%27.2%
5 Year-50.7%-50.7%33.4%23.6%63.7%45.4%

Price Volatility Vs. Market

How volatile is DISH Network's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

15.6x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: DISH ($35.82) is trading above our estimate of fair value ($21.5)

Significantly Below Fair Value: DISH is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: DISH is poor value based on its PE Ratio (15.6x) compared to the Media industry average (11.5x).

PE vs Market: DISH is good value based on its PE Ratio (15.6x) compared to the US market (16.9x).


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 (1.6x) compared to the US Media industry average (1.6x).


Next Steps

Future Growth

How is DISH Network forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

-16.2%

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 (-16.2% per year).

Earnings vs Market: DISH's earnings are forecast to decline over the next 3 years (-16.2% per year).

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

Revenue vs Market: DISH's revenue is expected to decline over the next 3 years (-3.5% per year).

High Growth Revenue: DISH's revenue is forecast to decline over the next 3 years (-3.5% 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 (6.2%).


Next Steps

Past Performance

How has DISH Network performed over the past 5 years?

9.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DISH has high quality earnings.

Growing Profit Margin: DISH's current net profit margins (8.8%) are lower than last year (11.6%).


Past Earnings Growth Analysis

Earnings Trend: DISH's earnings have grown by 9.5% per year over the past 5 years.

Accelerating Growth: DISH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: DISH had negative earnings growth (-26.7%) over the past year, making it difficult to compare to the Media industry average (6.8%).


Return on Equity

High ROE: DISH's Return on Equity (10.1%) is considered low.


Next Steps

Financial Health

How is DISH Network's financial position?


Financial Position Analysis

Short Term Liabilities: DISH's short term assets ($4.6B) exceed its short term liabilities ($4.6B).

Long Term Liabilities: DISH's short term assets ($4.6B) do not cover its long term liabilities ($16.8B).


Debt to Equity History and Analysis

Debt Level: DISH's debt to equity ratio (113.9%) is considered high.

Reducing Debt: DISH's debt to equity ratio has reduced from 566% to 113.9% over the past 5 years.

Debt Coverage: DISH's debt is well covered by operating cash flow (20.1%).

Interest Coverage: DISH earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is DISH Network's 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.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of DISH's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

2.2yrs

Average management tenure


CEO

W. Carlson (49yo)

2.5yrs

Tenure

US$1,007,020

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 ($USD1.01M) is below average for companies of similar size in the US market ($USD11.49M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Charles Ergen
Co-founder & Chairman of the Board40.42yrsUS$2.36m12.52% $2.3b
W. Carlson
President & CEO2.5yrsUS$1.01m0.0027% $503.2k
Paul Orban
Executive VP & CFO1.83yrsUS$1.65m0.00061% $114.5k
John Swieringa
Executive VP2.5yrsUS$1.02m0.00033% $62.0k
Brian Neylon
Executive VP & Group President of Dish TVno dataUS$1.02m0.00041% $77.0k
James DeFranco
Co-Founder40.42yrsUS$399.15k1.02% $190.9m
Kannan Alagappan
Senior VP & CTO0.92yrno datano data
Atilla Tinic
Senior VP & Chief Information Officer1.58yrsno datano data
Jason Kiser
Investor Relations Contact & Treasurerno datano data0.0038% $713.5k
Nick Sayeedi
Senior VPno datano datano data

2.2yrs

Average Tenure

51.5yo

Average Age

Experienced Management: DISH's management team is considered experienced (2.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Charles Ergen
Co-founder & Chairman of the Board40.42yrsUS$2.36m12.52% $2.3b
James DeFranco
Co-Founder40.42yrsUS$399.15k1.02% $190.9m
Carl Vogel
Senior Advisor & Director15.08yrsUS$3.21m0.0084% $1.6m
Cantey Ergen
Senior Advisor & Director19.08yrsno data0.42% $79.7m
Afshin Mohebbi
Independent Director5.75yrsUS$106.39kno data
Tom Ortolf
Independent Director15.08yrsUS$106.87k0.015% $2.8m
Kathleen Abernathy
Independent Director1.25yrsUS$142.65kno data
George Brokaw
Independent Director6.67yrsUS$167.39kno data
Joseph Proietti
Independent Director0.67yrUS$16.50kno data

15.1yrs

Average Tenure

62yo

Average Age

Experienced Board: DISH's board of directors are seasoned and experienced ( 15.1 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: DISH insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.7%.


Top Shareholders

Company Information

DISH Network Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: DISH Network Corporation
  • Ticker: DISH
  • Exchange: NasdaqGS
  • Founded: 1980
  • Industry: Cable and Satellite
  • Sector: Media
  • Market Cap: US$18.775b
  • Shares outstanding: 524.16m
  • Website: https://www.dish.com

Number of Employees


Location

  • DISH Network Corporation
  • 9601 South Meridian Boulevard
  • Englewood
  • Colorado
  • 80112
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EORSEAQ (SEAQ International)YesClass A Common StockGBGBPJun 1995
DISHNasdaqGS (Nasdaq Global Select)YesClass A Common StockUSUSDJun 1995
EOTDB (Deutsche Boerse AG)YesClass A Common StockDEEURJun 1995
DISH *BMV (Bolsa Mexicana de Valores)YesClass A Common StockMXMXNJun 1995
DISHWBAG (Wiener Boerse AG)YesClass A Common StockATEURJun 1995
0IBGLSE (London Stock Exchange)YesClass A Common StockGBUSDJun 1995
D1IS34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH REPR 1 COMBRBRLDec 2019

Biography

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. The company also provides access to movies and TV shows through TV or Internet-connected tablets, smartphones, and computers; and dishanywhere.com and mobile applications for smartphones and tablets to view authorized content, search program listings, and remotely control certain features. In addition, it offers Sling TV services, including Sling International, Sling Latino, Sling Orange, and Sling Blue services that require an Internet connection and are available on streaming-capable devices, such as TVs, tablets, computers, game consoles, and smart phones primarily to consumers who do not subscribe to traditional satellite and cable pay-TV services. As of December 31, 2019, it had 11.986 million Pay-TV subscribers. The company offers receiver systems and programming through direct sales channels, small satellite retailers, direct marketing groups, local and regional consumer electronics stores, retailers, and telecommunications companies. DISH Network Corporation was founded in 1980 and is headquartered in Englewood, Colorado. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/06 03:49
End of Day Share Price2020/06/05 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.