| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 3/6 |
| Past Performance | 0/6 |
| Financial Health | 1/6 |
| Dividends | 0/6 |
IRDM Overview
Iridium Communications Inc. provides mobile voice and data communications services and product to businesses, the United States and foreign governments, non-governmental organizations, and consumers worldwide.
Share Price & News
How has Iridium Communications's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IRDM is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: IRDM's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
-4.8%
IRDM
0.1%
US Telecom
-0.6%
US Market
1 Year Return
64.7%
IRDM
-4.1%
US Telecom
33.8%
US Market
Return vs Industry: IRDM exceeded the US Telecom industry which returned -4.1% over the past year.
Return vs Market: IRDM exceeded the US Market which returned 33.8% over the past year.
Shareholder returns
| IRDM | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.8% | 0.1% | -0.6% |
| 30 Day | 15.7% | 0.5% | 2.0% |
| 90 Day | 14.4% | -2.4% | 4.7% |
| 1 Year | 64.7%64.7% | 1.1%-4.1% | 35.8%33.8% |
| 3 Year | 124.3%124.3% | 5.4%-9.8% | 60.0%50.1% |
| 5 Year | 473.7%473.7% | 5.9%-18.2% | 123.0%98.7% |
Long-Term Price Volatility Vs. Market
How volatile is Iridium Communications's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
When Will Iridium Communications Inc. (NASDAQ:IRDM) Turn A Profit?3 weeks ago | Simply Wall St
Those who invested in Iridium Communications (NASDAQ:IRDM) five years ago are up 376%Iridium Communications Fundamentals Summary
| IRDM fundamental statistics | |
|---|---|
| Market Cap | US$5.93b |
| Earnings (TTM) | -US$13.28m |
| Revenue (TTM) | US$594.43m |
10.0x
P/S Ratio-446.9x
P/E RatioIs IRDM overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| IRDM income statement (TTM) | |
|---|---|
| Revenue | US$594.43m |
| Cost of Revenue | US$145.54m |
| Gross Profit | US$448.90m |
| Expenses | US$462.18m |
| Earnings | -US$13.28m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.099 |
| Gross Margin | 75.52% |
| Net Profit Margin | -2.23% |
| Debt/Equity Ratio | 122.6% |
How did IRDM perform over the long term?
See historical performance and comparisonValuation
Is Iridium Communications undervalued compared to its fair value and its price relative to the market?
32.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: IRDM ($44.98) is trading below our estimate of fair value ($67.01)
Significantly Below Fair Value: IRDM is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: IRDM is unprofitable, so we can't compare its PE Ratio to the US Telecom industry average.
PE vs Market: IRDM is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate IRDM's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: IRDM is overvalued based on its PB Ratio (4.5x) compared to the US Telecom industry average (3.3x).
Future Growth
How is Iridium Communications forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
122.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IRDM is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: IRDM is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: IRDM's is expected to become profitable in the next 3 years.
Revenue vs Market: IRDM's revenue (6.2% per year) is forecast to grow slower than the US market (9.8% per year).
High Growth Revenue: IRDM's revenue (6.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: IRDM's Return on Equity is forecast to be low in 3 years time (6.6%).
Past Performance
How has Iridium Communications performed over the past 5 years?
-49.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IRDM is currently unprofitable.
Growing Profit Margin: IRDM is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: IRDM is unprofitable, and losses have increased over the past 5 years at a rate of 49.5% per year.
Accelerating Growth: Unable to compare IRDM's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: IRDM is unprofitable, making it difficult to compare its past year earnings growth to the Telecom industry (155.1%).
Return on Equity
High ROE: IRDM has a negative Return on Equity (-1.01%), as it is currently unprofitable.
Financial Health
How is Iridium Communications's financial position?
Financial Position Analysis
Short Term Liabilities: IRDM's short term assets ($321.8M) exceed its short term liabilities ($86.9M).
Long Term Liabilities: IRDM's short term assets ($321.8M) do not cover its long term liabilities ($1.8B).
Debt to Equity History and Analysis
Debt Level: IRDM's debt to equity ratio (122.6%) is considered high.
Reducing Debt: IRDM's debt to equity ratio has increased from 119.2% to 122.6% over the past 5 years.
Debt Coverage: IRDM's debt is not well covered by operating cash flow (16.8%).
Interest Coverage: IRDM's interest payments on its debt are not well covered by EBIT (0.4x coverage).
Balance Sheet
Dividend
What is Iridium Communications's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate IRDM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate IRDM'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 IRDM's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if IRDM'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 IRDM'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?
8.8yrs
Average management tenure
CEO
Matt Desch (63 yo)
15yrs
Tenure
US$4,007,440
Compensation
Mr. Matthew J. Desch, also known as Matt, serves as the Chief Executive Officer at Iridium Satellite LLC since September 21, 2006. Mr. Desch has been the Chief Executive Officer of Iridium Communications I...
CEO Compensation Analysis
Compensation vs Market: Matt's total compensation ($USD4.01M) is below average for companies of similar size in the US market ($USD6.44M).
Compensation vs Earnings: Matt's compensation has increased whilst the company is unprofitable.
Leadership Team
Experienced Management: IRDM's management team is seasoned and experienced (8.8 years average tenure).
Board Members
Experienced Board: IRDM's board of directors are seasoned and experienced ( 12 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: IRDM insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Iridium Communications Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Iridium Communications Inc.
- Ticker: IRDM
- Exchange: NasdaqGS
- Founded: 2000
- Industry: Alternative Carriers
- Sector: Telecom
- Market Cap: US$5.934b
- Shares outstanding: 131.93m
- Website: https://www.iridium.com
Number of Employees
Location
- Iridium Communications Inc.
- 1750 Tysons Boulevard
- Suite 1400
- McLean
- Virginia
- 22102
- United States
Listings
Biography
Iridium Communications Inc. provides mobile voice and data communications services and product to businesses, the United States and foreign governments, non-governmental organizations, and consumers worldw...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/18 22:07 |
| End of Day Share Price | 2021/09/17 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.