SATS EchoStar
too hard · 22
Owner-earnings value—
Price$103.92
Margin of safety
—
Quality gate · 22/100
⚠ sub-hurdle returns (median roic -1% < 9%) · unprofitable in too many years
Median ROIC-1.4%
Gross margin27.1%
Share count / yr+51.5%
Profitable years1/4
Moat & management
Owner-earnings inputs
| Owner earnings (TTM) | -14.44B |
| Owner-earnings yield | -48.0% |
| Free-cash-flow yield | -4.9% |
| Growth used (normalized) | — |
| Terminal growth | — |
| Discount rate (hurdle) | — |
⚠ maintenance capex ≈ min(capex, D&A), capped at FCF · non-positive owner earnings — cannot value as a going wonderful business