Stock IRDM IRIDIUM COMMUNICATIONS INC.
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Financials Iridium Communications Inc.

Equities

IRDM

US46269C1027

Wireless Telecommunications Services

Market Closed - Nasdaq
Other stock markets
 04:00:00 2024-04-26 pm EDT 		5-day change 1st Jan Change
31.37 USD +5.66% Intraday chart for Iridium Communications Inc. +14.49% -23.79%
Apr. 18 Communications Services Up Ahead of Netflix Earnings -- Communications Services Roundup DJ
Apr. 18 Transcript : Iridium Communications Inc., Q1 2024 Earnings Call, Apr 18, 2024

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 3,230 5,242 5,459 6,458 5,098 3,809 - -
Enterprise Value (EV) 1 4,783 6,635 6,736 7,794 6,526 5,275 5,166 5,108
P/E ratio -18.5 x -93.6 x -590 x 734 x 343 x 42.5 x 34.4 x 26.8 x
Yield - - - - 1.26% 1.75% 1.88% 1.98%
Capitalization / Revenue 5.76 x 8.98 x 8.88 x 8.96 x 6.45 x 4.7 x 4.67 x 4.47 x
EV / Revenue 8.53 x 11.4 x 11 x 10.8 x 8.25 x 6.51 x 6.33 x 5.99 x
EV / EBITDA 14.4 x 18.7 x 17.8 x 18.4 x 14.1 x 11.3 x 10.5 x 9.74 x
EV / FCF 43.2 x 29.3 x 25.5 x - 27 x 18.5 x 17.6 x 14.2 x
FCF Yield 2.31% 3.41% 3.92% - 3.7% 5.4% 5.69% 7.04%
Price to Book 2.22 x 3.71 x 4.21 x - 5.9 x 4.92 x 5.97 x 7.12 x
Nbr of stocks (in thousands) 131,094 133,302 132,202 125,643 123,851 121,429 - -
Reference price 2 24.64 39.32 41.29 51.40 41.16 31.37 31.37 31.37
Announcement Date 2/25/20 2/11/21 2/17/22 2/16/23 2/15/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 560.4 583.4 614.5 721 790.7 810.8 815.8 852.2
EBITDA 1 331.7 355.6 378.2 424 463.1 465.8 490.7 524.4
EBIT 1 10.12 35.48 46.31 76.68 81.63 225.9 234 303.9
Operating Margin 1.81% 6.08% 7.54% 10.63% 10.32% 27.86% 28.69% 35.67%
Earnings before Tax (EBT) 1 -218.1 -88.96 -28.89 9.014 -4.747 118.9 125.1 143
Net income 1 -166.2 -56.05 -9.319 8.722 15.42 90.41 105.5 133.9
Net margin -29.65% -9.61% -1.52% 1.21% 1.95% 11.15% 12.93% 15.71%
EPS 2 -1.330 -0.4200 -0.0700 0.0700 0.1200 0.7382 0.9106 1.170
Free Cash Flow 1 110.7 226.5 264.4 - 241.4 284.8 294.2 359.7
FCF margin 19.75% 38.81% 43.02% - 30.53% 35.13% 36.06% 42.21%
FCF Conversion (EBITDA) 33.37% 63.69% 69.9% - 52.13% 61.15% 59.95% 68.6%
FCF Conversion (Net income) - - - - 1,566.18% 315.05% 278.96% 268.62%
Dividend per Share 2 - - - - 0.5200 0.5500 0.5900 0.6200
Announcement Date 2/25/20 2/11/21 2/17/22 2/16/23 2/15/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 155.9 168.2 174.9 184.1 193.8 205.3 193.1 197.6 194.7 203.9 200.4 206.4 201 194.4 201.6
EBITDA 1 93.43 103.2 105.9 107.8 107 111.9 115.8 121.3 114.1 115 115.7 120.4 115.6 117.7 124.1
EBIT 1 10.67 19.23 20.8 17.87 18.77 23.15 -15.97 28.16 46.3 49.77 53.3 58.64 54.89 46.18 48.62
Operating Margin 6.85% 11.43% 11.89% 9.71% 9.68% 11.28% -8.27% 14.25% 23.77% 24.42% 26.6% 28.41% 27.31% 23.75% 24.12%
Earnings before Tax (EBT) 1 -5.411 4.648 5.799 0.096 -1.529 5.477 -34.28 -6.162 30.21 29.15 29.98 35.63 31.6 23.1 30
Net income 1 -5.884 2.824 4.557 2.149 -0.808 9.775 -30.74 -1.642 38.02 19.65 22.27 26.13 23.18 19.55 22.02
Net margin -3.77% 1.68% 2.61% 1.17% -0.42% 4.76% -15.92% -0.83% 19.53% 9.64% 11.11% 12.66% 11.53% 10.05% 10.92%
EPS 2 -0.0400 0.0200 0.0400 0.0200 -0.0100 0.0800 -0.2400 -0.0100 0.3000 0.1600 0.1715 0.2152 0.1962 0.1650 0.1900
Dividend per Share 2 - - - - - 0.1300 0.1300 0.1300 0.1300 0.1300 0.1400 0.1400 0.1400 0.1400 0.1500
Announcement Date 2/17/22 4/19/22 7/26/22 10/20/22 2/16/23 4/20/23 7/25/23 10/19/23 2/15/24 4/18/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,553 1,393 1,277 1,336 1,428 1,466 1,357 1,299
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.682 x 3.918 x 3.377 x 3.151 x 3.084 x 3.147 x 2.766 x 2.477 x
Free Cash Flow 1 111 226 264 - 241 285 294 360
ROE (net income / shareholders' equity) - - -0.69% - 1.53% 14.5% 21.8% 32.1%
ROA (Net income/ Total Assets) - - - - 0.55% 4.49% 5.96% 6.68%
Assets 1 - - - - 2,808 2,011 1,769 2,005
Book Value Per Share 2 11.10 10.60 9.810 - 6.980 6.380 5.260 4.410
Cash Flow per Share 2 - - - - 2.480 2.930 3.640 3.930
Capex 1 118 38.7 42.1 71.3 73.5 69 66.4 64.3
Capex / Sales 21.02% 6.63% 6.86% 9.88% 9.29% 8.51% 8.14% 7.55%
Announcement Date 2/25/20 2/11/21 2/17/22 2/16/23 2/15/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Iridium Communications Inc.

Trading Rating
Investor Rating
ESG Refinitiv
C-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
31.37 USD
Average target price
39.77 USD
Spread / Average Target
+26.77%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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