AST SpaceMobile, Inc.

NasdaqGS:ASTS Stock Report

Market Cap: US$6.6b

AST SpaceMobile Valuation

Is ASTS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ASTS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ASTS ($22.88) is trading below our estimate of fair value ($901.51)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ASTS?

Key metric: As ASTS barely has revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for ASTS. This is calculated by dividing ASTS's market cap by their current book value.
What is ASTS's PB Ratio?
PB Ratio14.8x
BookUS$308.92m
Market CapUS$6.63b

Price to Book Ratio vs Peers

How does ASTS's PB Ratio compare to its peers?

The above table shows the PB ratio for ASTS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average8.5x
LUMN Lumen Technologies
17.6x66.0%US$6.0b
LBTY.A Liberty Global
0.2x45.3%US$4.6b
IRDM Iridium Communications
5x11.0%US$3.4b
CCOI Cogent Communications Holdings
11.3x-16.1%US$3.7b
ASTS AST SpaceMobile
14.8x78.5%US$6.6b

Price-To-Book vs Peers: ASTS is expensive based on its Price-To-Book Ratio (14.8x) compared to the peer average (8.5x).

Price to Book Ratio vs Industry

How does ASTS's PB Ratio compare vs other companies in the US Telecom Industry?

3 CompaniesPrice / BookEstimated GrowthMarket Cap
LBTY.A Liberty Global
0.2x45.3%US$4.54b
CRGE.Q Charge Enterprises
0.06xn/aUS$1.46m
MXTS.F Maxcom Telecomunicaciones. de
0.0006xn/aUS$27.65k
No more companies available in this PB range
ASTS 14.8xIndustry Avg. 1.5xNo. of Companies3PB012345+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: ASTS is expensive based on its Price-To-Book Ratio (14.8x) compared to the US Telecom industry average (1.5x).

Price to Book Ratio vs Fair Ratio

What is ASTS's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ASTS PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio14.8x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate ASTS's Price-To-Book Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ASTS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$22.88
US$35.94
+57.1%
35.9%US$53.00US$15.00n/a5
Dec ’25US$23.81
US$35.94
+50.9%
35.9%US$53.00US$15.00n/a5
Nov ’25US$23.85
US$37.98
+59.2%
42.2%US$63.00US$15.00n/a5
Oct ’25US$24.11
US$37.98
+57.6%
42.2%US$63.00US$15.00n/a5
Sep ’25US$29.04
US$29.78
+2.5%
36.1%US$45.90US$15.00n/a5
Aug ’25US$20.44
US$17.22
-15.8%
21.0%US$22.00US$13.00n/a5
Jul ’25US$10.84
US$15.58
+43.7%
21.4%US$22.00US$12.90n/a5
Jun ’25US$8.28
US$14.38
+73.8%
33.4%US$22.00US$7.00n/a5
May ’25US$2.26
US$12.68
+461.1%
37.1%US$19.00US$7.00n/a5
Apr ’25US$2.63
US$13.50
+413.3%
43.6%US$23.00US$7.00n/a5
Mar ’25US$3.21
US$17.67
+450.4%
21.3%US$23.00US$15.00n/a3
Feb ’25US$2.90
US$17.67
+509.2%
21.3%US$23.00US$15.00n/a3
Jan ’25US$6.03
US$17.67
+193.0%
21.3%US$23.00US$15.00n/a3
Dec ’24US$5.18
US$17.67
+241.1%
21.3%US$23.00US$15.00US$23.813
Nov ’24US$3.47
US$20.67
+495.6%
38.8%US$32.00US$15.00US$23.853
Oct ’24US$3.80
US$20.67
+443.9%
38.8%US$32.00US$15.00US$24.113
Sep ’24US$3.99
US$20.67
+418.0%
38.8%US$32.00US$15.00US$29.043
Aug ’24US$4.25
US$20.67
+386.3%
38.8%US$32.00US$15.00US$20.443
Jul ’24US$4.70
US$20.67
+339.7%
38.8%US$32.00US$15.00US$10.843
Jun ’24US$5.60
US$20.67
+269.0%
38.8%US$32.00US$15.00US$8.283
May ’24US$4.70
US$20.67
+339.7%
38.8%US$32.00US$15.00US$2.263
Apr ’24US$5.08
US$20.67
+306.8%
38.8%US$32.00US$15.00US$2.633
Mar ’24US$5.99
US$20.67
+245.0%
38.8%US$32.00US$15.00US$3.213
Feb ’24US$5.57
US$20.67
+271.0%
38.8%US$32.00US$15.00US$2.903
Jan ’24US$4.82
US$20.67
+328.8%
38.8%US$32.00US$15.00US$6.033
Dec ’23US$5.75
US$20.67
+259.4%
38.8%US$32.00US$15.00US$5.183

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 01:43
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

AST SpaceMobile, Inc. is covered by 4 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mathieu RobilliardBarclays
Michael CrawfordB. Riley Securities, Inc.
Bryan KraftDeutsche Bank