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ASTS

AST SpaceMobile NasdaqGS:ASTS Stock Report

Last Price

US$7.51

Market Cap

US$1.3b

7D

5.9%

1Y

-27.6%

Updated

06 Oct, 2022

Data

Company Financials +
ASTS fundamental analysis
Snowflake Score
Valuation3/6
Future Growth5/6
Past Performance0/6
Financial Health4/6
Dividends0/6

ASTS Stock Overview

AST SpaceMobile, Inc. operates space-based cellular broadband network for mobile phones.

AST SpaceMobile Competitors

Price History & Performance

Summary of all time highs, changes and price drops for AST SpaceMobile
Historical stock prices
Current Share PriceUS$7.51
52 Week HighUS$14.27
52 Week LowUS$4.84
Beta0.80
1 Month Change-31.67%
3 Month Change15.01%
1 Year Change-27.65%
3 Year Changen/a
5 Year Changen/a
Change since IPO-23.13%

Recent News & Updates

Shareholder Returns

ASTSUS TelecomUS Market
7D5.9%-1.1%3.3%
1Y-27.6%-35.8%-20.4%

Return vs Industry: ASTS exceeded the US Telecom industry which returned -33.9% over the past year.

Return vs Market: ASTS underperformed the US Market which returned -18.8% over the past year.

Price Volatility

Is ASTS's price volatile compared to industry and market?
ASTS volatility
ASTS Average Weekly Movement13.5%
Telecom Industry Average Movement6.2%
Market Average Movement6.9%
10% most volatile stocks in US Market15.6%
10% least volatile stocks in US Market2.9%

Stable Share Price: ASTS is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: ASTS's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
2021386Abel Avellanhttps://ast-science.com

AST SpaceMobile, Inc. operates space-based cellular broadband network for mobile phones. Its SpaceMobile service provides mobile broadband services for users traveling in and out of areas without terrestrial mobile services on land, at sea, or in flight. The company is headquartered in Midland, Texas.

AST SpaceMobile Fundamentals Summary

How do AST SpaceMobile's earnings and revenue compare to its market cap?
ASTS fundamental statistics
Market CapUS$1.33b
Earnings (TTM)-US$12.64m
Revenue (TTM)US$18.33m

22.0x

P/S Ratio

-32.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ASTS income statement (TTM)
RevenueUS$18.33m
Cost of RevenueUS$9.73m
Gross ProfitUS$8.60m
Other ExpensesUS$21.24m
Earnings-US$12.64m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.23
Gross Margin46.90%
Net Profit Margin-68.97%
Debt/Equity Ratio1.7%

How did ASTS perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

ASTS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue23.7x
Enterprise Value/EBITDA-4x
PEG Ration/a

Price to Sales Ratio vs Peers

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

ASTS PS Ratio vs Peers
The above table shows the PS ratio for ASTS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average7.2x
LILA Liberty Latin America
0.3x2.1%US$1.6b
SATS EchoStar
0.7x1.6%US$1.5b
CCOI Cogent Communications Holdings
4.3x5.7%US$2.5b
GSAT Globalstar
23.5x-3.8%US$3.2b
ASTS AST SpaceMobile
22x77.7%US$1.3b

Price-To-Sales vs Peers: ASTS is expensive based on its Price-To-Sales Ratio (22x) compared to the peer average (7.2x).


Price to Earnings Ratio vs Industry

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

Price-To-Sales vs Industry: ASTS is expensive based on its Price-To-Sales Ratio (22x) compared to the US Telecom industry average (1.2x)


Price to Sales Ratio vs Fair Ratio

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

ASTS PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio22x
Fair PS Ratio80.9x

Price-To-Sales vs Fair Ratio: ASTS is good value based on its Price-To-Sales Ratio (22x) compared to the estimated Fair Price-To-Sales Ratio (80.9x).


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 ($7.51) is trading below our estimate of fair value ($1387.93)

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


Analyst Price Targets

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

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


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Future Growth

How is AST SpaceMobile forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


95.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ASTS is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

Earnings vs Market: ASTS is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: ASTS is expected to become profitable in the next 3 years.

Revenue vs Market: ASTS's revenue (77.7% per year) is forecast to grow faster than the US market (7.6% per year).

High Growth Revenue: ASTS's revenue (77.7% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ASTS's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has AST SpaceMobile performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-19.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ASTS is currently unprofitable.

Growing Profit Margin: ASTS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ASTS is unprofitable, and losses have increased over the past 5 years at a rate of 19.8% per year.

Accelerating Growth: Unable to compare ASTS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ASTS is unprofitable, making it difficult to compare its past year earnings growth to the Telecom industry (-34.4%).


Return on Equity

High ROE: ASTS has a negative Return on Equity (-13.53%), as it is currently unprofitable.


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Financial Health

How is AST SpaceMobile's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: ASTS's short term assets ($232.9M) exceed its short term liabilities ($22.2M).

Long Term Liabilities: ASTS's short term assets ($232.9M) exceed its long term liabilities ($52.4M).


Debt to Equity History and Analysis

Debt Level: ASTS has more cash than its total debt.

Reducing Debt: Insufficient data to determine if ASTS's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: ASTS has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: ASTS has less than a year of cash runway if free cash flow continues to reduce at historical rates of 64.2% each year


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Dividend

What is AST SpaceMobile current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

AST SpaceMobile Dividend Yield vs Market
How does AST SpaceMobile dividend yield compare to the market?
SegmentDividend Yield
Company (AST SpaceMobile)n/a
Market Bottom 25% (US)1.6%
Market Top 25% (US)4.6%
Industry Average (Telecom)7.2%
Analyst forecast in 3 Years (AST SpaceMobile)n/a

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

High Dividend: Unable to evaluate ASTS'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 ASTS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ASTS'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 ASTS has not reported any payouts.


Discover strong dividend paying companies

Management

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

1.3yrs

Average management tenure


CEO

Abel Avellan (51 yo)

5.75yrs

Tenure

US$8,995

Compensation

Mr. Abel Avellan is the Founder and Chief Executive Officer at AST SpaceMobile, Inc. (Alternate Name: AST & Science, LLC) since 2017 and also serves as its Chairman since 2017. He served as the Founder and...


CEO Compensation Analysis

Abel Avellan's Compensation vs AST SpaceMobile Earnings
How has Abel Avellan's remuneration changed compared to AST SpaceMobile's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

-US$13m

Mar 31 2022n/an/a

-US$18m

Dec 31 2021US$9kUS$9k

-US$19m

Sep 30 2021n/an/a

-US$24m

Jun 30 2021n/an/a

-US$34m

Mar 31 2021n/an/a

-US$20m

Dec 31 2020US$36kUS$36k

-US$24m

Sep 30 2020n/an/a

-US$19m

Dec 31 2019US$24kUS$24k

-US$11m

Compensation vs Market: Abel's total compensation ($USD9.00K) is below average for companies of similar size in the US market ($USD5.49M).

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


Leadership Team

Experienced Management: ASTS's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: ASTS's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


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.


Ownership Breakdown

What is the ownership structure of ASTS?
Owner TypeNumber of SharesOwnership Percentage
Public Companies2,500,0004.6%
Individual Insiders3,777,8797.0%
Private Companies5,710,00010.6%
Institutions15,842,04029.4%
General Public25,978,80848.3%

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


Top Shareholders

Top 25 shareholders own 48.83% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
10.61%
New Providence Management LLC
5,710,000$42.9m0%no data
4.65%
Rakuten Group, Inc.
2,500,000$18.8m0%no data
4.65%
American Tower Corporation
2,500,000$18.8m0%53.53%
3.44%
The Vanguard Group, Inc.
1,853,238$13.9m11.16%no data
3.37%
Alexander Coleman
1,813,312$13.6m0%no data
3.37%
Gary Smith
1,813,312$13.6m0%no data
3.29%
Janus Henderson Group plc
1,767,841$13.3m-0.02%0.01%
3.15%
Broad Run Investment Management, LLC
1,694,976$12.7m-9.07%1.15%
1.86%
Vodafone Ventures Limited
1,000,000$7.5m0%no data
1.42%
Point72 Asset Management, L.P.
765,564$5.7m148.38%0.02%
1.3%
BlackRock, Inc.
698,322$5.2m2.4%no data
1.29%
Susquehanna International Group, LLP, Asset Management Arm
696,404$5.2m415.95%0.01%
0.79%
Greenlight Capital, Inc.
427,500$3.2m0%0.21%
0.76%
Polar Asset Management Partners Inc.
408,099$3.1m0%0.05%
0.73%
Geode Capital Management, LLC
394,136$3.0m1.59%no data
0.69%
Hudson Bay Capital Management LP
371,041$2.8m-3.71%0.03%
0.68%
National Bank Investments Inc.
368,065$2.8m44.87%0.01%
0.39%
Once Capital Management, LLC
211,800$1.6m60.33%1.95%
0.37%
Invesat LLC
200,000$1.5m0%no data
0.37%
Ergoteles LLC
197,867$1.5m0%0.05%
0.35%
Citadel Advisors LLC
190,493$1.4m77.25%no data
0.35%
Brookfield Asset Management Inc.
190,000$1.4m22.91%no data
0.35%
DNB Asset Management AS
187,384$1.4m-14.82%no data
0.31%
Stifel Asset Management Corp.
167,394$1.3m-2.61%no data
0.27%
State Street Global Advisors, Inc.
145,967$1.1m5.95%no data

Company Information

AST SpaceMobile, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: AST SpaceMobile, Inc.
  • Ticker: ASTS
  • Exchange: NasdaqGS
  • Founded: 2021
  • Industry: Alternative Carriers
  • Sector: Telecom
  • Implied Market Cap: US$1.330b
  • Market Cap: US$404.104m
  • Shares outstanding: 183.61m
  • Website: https://ast-science.com

Number of Employees


Location

  • AST SpaceMobile, Inc.
  • Midland Intl. Air & Space Port
  • 2901 Enterprise Lane
  • Midland
  • Texas
  • 79706
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ASTSNasdaqGS (Nasdaq Global Select)YesClass A Common StockUSUSDNov 2019

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/06 00:00
End of Day Share Price2022/10/06 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.