OTCPK:IMAS.Y

Stock Analysis Report

Executive Summary

Inmarsat plc provides mobile satellite communications services on land, at sea, and in the air worldwide.

Snowflake

Fundamentals

Moderate growth potential with questionable track record.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-2.6%

IMAS.Y

-1.0%

US Telecom

-0.6%

US Market


1 Year Return

10.6%

IMAS.Y

7.1%

US Telecom

0.6%

US Market

IMAS.Y outperformed the Telecom industry which returned 7% over the past year.

IMAS.Y outperformed the Market in United States of America which returned 1.1% over the past year.


Share holder returns

IMAS.YIndustryMarket
7 Day-2.6%-1.0%-0.6%
30 Day1.4%5.7%2.2%
90 Day3.6%8.9%1.1%
1 Year12.2%10.6%12.8%7.1%2.9%0.6%
3 Year-13.6%-21.4%14.6%-2.1%44.6%35.2%
5 Year-26.5%-38.5%34.9%4.0%61.9%44.2%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Inmarsat undervalued based on future cash flows and its price relative to the stock market?

25.65x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Inmarsat's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Inmarsat's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Inmarsat is overvalued based on earnings compared to the US Telecom industry average.

Inmarsat is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Inmarsat is good value based on expected growth next year.


Price Based on Value of Assets

Inmarsat is overvalued based on assets compared to the US Telecom industry average.


Next Steps

Future Growth

How is Inmarsat expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

29.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Inmarsat's revenue is expected to grow by 2.8% yearly, however this is not considered high growth (20% yearly).

Inmarsat's earnings are expected to grow significantly at over 20% yearly.

Inmarsat's revenue growth is positive but not above the United States of America market average.

Inmarsat's earnings growth is expected to exceed the United States of America market average.

Inmarsat's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Inmarsat is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Inmarsat performed over the past 5 years?

-22.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Inmarsat's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

Inmarsat's 1-year earnings growth exceeds its 5-year average (846.4% vs -22.8%)

Inmarsat's earnings growth has exceeded the US Telecom industry average in the past year (846.4% vs -18%).


Return on Equity

Inmarsat has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Inmarsat used its assets less efficiently than the US Telecom industry average last year based on Return on Assets.


Return on Capital Employed

Inmarsat's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Inmarsat's financial position?


Financial Position Analysis

Inmarsat's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Inmarsat's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Inmarsat's level of debt (209.5%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (198.3% vs 209.5% today).

Debt is well covered by operating cash flow (33.2%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 4x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.3x debt.


Next Steps

Dividend

What is Inmarsat's current dividend yield, its reliability and sustainability?

2.76%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Unable to evaluate Inmarsat's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Inmarsat's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Inmarsat has not reported any payouts.

Unable to verify if Inmarsat's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Inmarsat has not reported any payouts.


Future Payout to Shareholders

Dividends after 3 years are not well covered by earnings (1.1x coverage).


Next Steps

Management

What is the CEO of Inmarsat's salary, the management and board of directors tenure and is there insider trading?

5.3yrs

Average management tenure


CEO

Rupert Pearce (55yo)

7.7yrs

Tenure

US$1,678,000

Compensation

Mr. Rupert Edward Pearce serves as the Chief Executive Officer at Inmarsat Group Limited and Inmarsat Plc since January 1, 2012. Mr. Pearce serves as the Chairman of the Management Board at Inmarsat Plc an ...


CEO Compensation Analysis

Rupert's remuneration is lower than average for companies of similar size in United States of America.

Rupert's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

5.3yrs

Average Tenure

55.5yo

Average Age

The average tenure for the Inmarsat management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

5.8yrs

Average Tenure

66yo

Average Age

The tenure for the Inmarsat board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Tony Bates (63yo)

    CFO, Member of Executive Management Board & Executive Director

    • Tenure: 5.3yrs
    • Compensation: US$1.38m
  • Rupert Pearce (55yo)

    Chairman of Executive Management Board

    • Tenure: 7.7yrs
    • Compensation: US$1.68m
  • Alison Claire Horrocks (56yo)

    Chief Corporate Affairs Officer

    • Tenure: 0yrs
  • Susan Miller

    Member of Executive Management Board

    • Tenure: 0yrs
  • Ronald H. Spithout

    President of Maritime Business Unit & Member of Executive Management Board

    • Tenure: 0yrs
  • Andy Start

    President of Global Government Business Unit & Member of Executive Management Board

    • Tenure: 0yrs
  • Peter Hadinger

    CTO & Member of Executive Management Board

    • Tenure: 0yrs
  • Philip Balaam (54yo)

    President of Aviation Business Unit & Member of Executive Management Board

    • Tenure: 0yrs
  • Jason Smith

    COO & Member of Executive Management Board

    • Tenure: 2.9yrs
  • Natasha Dillon

    Chief People Officer & Member of Executive Management Board

    • Tenure: 0yrs

Board Members

  • Andy Sukawaty (64yo)

    Chairman

    • Tenure: 15.8yrs
    • Compensation: US$337.90k
  • Rob Ruijter (68yo)

    Independent Non-Executive Director

    • Tenure: 4.6yrs
    • Compensation: US$70.90k
  • Abe Peled (74yo)

    Senior Independent Non Executive Director

    • Tenure: 3.8yrs
    • Compensation: US$86.60k
  • Tony Bates (63yo)

    CFO, Member of Executive Management Board & Executive Director

    • Tenure: 5.3yrs
    • Compensation: US$1.38m
  • Rupert Pearce (55yo)

    Chairman of Executive Management Board

    • Tenure: 7.7yrs
    • Compensation: US$1.68m
  • Janice Obuchowski (67yo)

    Independent Non-Executive Director

    • Tenure: 10.3yrs
    • Compensation: US$66.80k
  • Bryan Carsberg (80yo)

    Non-Executive Director

    • Tenure: 14.3yrs
    • Compensation: US$66.80k
  • Simon Bax (60yo)

    Independent Non-Executive Director

    • Tenure: 6.3yrs
    • Compensation: US$70.90k
  • Claude Kehler (67yo)

    Independent Non Executive Director

    • Tenure: 5.3yrs
    • Compensation: US$117.70k
  • Hamadoun Touré (65yo)

    Independent Non Executive Director

    • Tenure: 4.5yrs
    • Compensation: US$66.80k

Company Information

Inmarsat Plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Inmarsat Plc
  • Ticker: IMAS.Y
  • Exchange: OTCPK
  • Founded: 1979
  • Industry: Alternative Carriers
  • Sector: Telecom
  • Market Cap: UK£2.686b
  • Listing Market Cap: UK£3.356b
  • Shares outstanding: 463.50m
  • Website: https://www.inmarsat.com

Number of Employees


Location

  • Inmarsat Plc
  • 99 City Road
  • London
  • Greater London
  • EC1Y 1AX
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ISATLSE (London Stock Exchange)YesOrdinary SharesGBGBPJun 2005
IV4DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2005
IMAS.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJun 2005
ISATLBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPJun 2005
IMAS.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDMar 2010

Biography

Inmarsat plc provides mobile satellite communications services on land, at sea, and in the air worldwide. The company operates through five segments: Maritime, U.S. Government, Global Government, Aviation, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/21 00:27
End of Day Share Price2019/09/19 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.