Explain this page
Arphra AIPlain-English read on EchoStar Corporation’s valuationRatios & metrics
Profitability, returns on capital, growth, and credit — all derived from the historical income statement, balance sheet, and cash flow rows in our data warehouse.
Valuation multiples
Price- and EV-based multiples plus shareholder yields. Snapshot at each fiscal year-end from key_metrics (FMP).
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Headline | |||||||||
| Market cap | — | — | — | $6.28B | $31.26B | — | — | — | — |
| Enterprise value | — | — | — | $31.79B | $60.38B | — | — | — | — |
| Multiples | |||||||||
| P / E | — | — | — | — | — | — | — | — | — |
| P / B | — | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — |
| EV / Sales | — | — | — | 2.01 | 4.02 | — | — | — | — |
| EV / FCF | — | — | — | -108.79 | -56.69 | — | — | — | — |
| Yields | |||||||||
| Earnings yield | — | — | — | -1.90% | -46.37% | — | — | — | — |
| Free cash flow yield | — | — | — | -4.66% | -3.41% | — | — | — | — |
| Dividend yield | — | — | — | — | — | — | — | — | — |
Profitability
Margin structure across the last 5 fiscal years
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Margins | |||||||||
| Gross margin | +36.95% | +34.47% | +29.80% | +35.95% | +37.05% | +35.19% | +35.20% | +34.71% | +33.47% |
| Operating margin | +17.27% | +11.98% | -1.63% | -1.92% | -118.12% | -41.37% | -41.17% | -41.36% | -41.31% |
| EBITDA margin | +23.59% | +24.63% | -1.45% | +14.76% | -105.21% | -30.91% | -29.87% | -30.16% | -31.38% |
| EBIT margin | +17.46% | +18.32% | -10.84% | +2.57% | -115.77% | -40.94% | -41.09% | -41.88% | -41.00% |
| Pre-tax margin | +16.90% | +17.90% | -11.35% | -0.48% | -125.91% | -45.12% | -46.81% | -47.16% | -47.27% |
| Net margin | +12.55% | +13.30% | -10.00% | -0.76% | -155.15% | -56.71% | -56.88% | -54.82% | -54.09% |
| Cost structure | |||||||||
| Cost of revenue / sales | +63.05% | +65.53% | +70.20% | +64.05% | +62.95% | +67.36% | +64.93% | +64.62% | +65.19% |
| R&D intensity | +0.16% | +0.18% | +0.65% | 0.00% | 0.00% | +0.22% | +0.22% | +0.22% | +0.21% |
| SG&A intensity | +13.55% | +16.18% | +17.57% | +15.33% | +15.86% | +15.99% | +16.68% | +16.05% | +15.96% |
| Effective tax rate | +24.73% | +23.94% | — | — | — | — | — | — | — |
Returns on capital
ROE / ROA / ROC / ROIC over the relevant capital base, plus the 3-step DuPont decomposition of ROE.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Returns | |||||||||
| Return on equity (ROE) | +72.82% | +11.24% | -8.35% | -0.59% | -400.55% | -60.27% | -63.29% | -58.51% | -59.16% |
| Return on assets (ROA) | +41.13% | +4.22% | -2.98% | -0.20% | -54.12% | -17.30% | -16.49% | -16.77% | -16.58% |
| Return on capital (ROC) | +67.61% | +4.67% | -0.60% | -0.61% | -48.14% | -14.70% | -15.07% | -15.11% | -15.13% |
| Return on invested capital (ROIC) | +49.12% | +5.19% | -0.45% | -0.46% | -36.10% | -11.03% | -11.30% | -11.33% | -11.35% |
| Asset turnover | +327.84% | +31.72% | +29.80% | +25.97% | +34.88% | +30.51% | +28.99% | +30.59% | +30.66% |
| DuPont · ROE decomposition | |||||||||
| Net margin | +12.55% | +13.30% | -10.00% | -0.76% | -155.15% | -56.71% | -56.88% | -54.82% | -54.09% |
| Asset turnover (× revenue / assets) | +327.84% | +31.72% | +29.80% | +25.97% | +34.88% | +30.51% | +28.99% | +30.59% | +30.66% |
| Equity multiplier (× assets / equity) | +177.07% | +266.43% | +280.11% | +301.00% | +740.13% | +348.32% | +383.75% | +348.94% | +356.74% |
Activity & efficiency
Turnover ratios and days-outstanding — how efficiently the business converts assets and working capital into sales and cash.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Asset turnover | 3.28 | 0.32 | 0.30 | 0.26 | 0.35 | 0.31 | 0.29 | 0.31 | 0.31 |
| Fixed-asset turnover | 7.97 | 1.74 | 1.35 | 1.27 | 6.10 | — | — | — | — |
| Inventory turnover | 121.22 | 19.51 | 17.96 | 22.27 | 24.81 | — | — | — | — |
| Receivables turnover | 99.59 | 15.76 | 15.16 | 13.20 | 11.78 | — | — | — | — |
| Payables turnover | 113.76 | 11.93 | 15.43 | 13.68 | 17.44 | — | — | — | — |
| Days outstanding | |||||||||
| Days sales outstanding (DSO) | 3.67 | 23.16 | 24.07 | 27.65 | 30.99 | — | — | — | — |
| Days inventory outstanding (DIO) | 3.01 | 18.71 | 20.32 | 16.39 | 14.71 | — | — | — | — |
| Days payables outstanding (DPO) | 3.21 | 30.60 | 23.65 | 26.68 | 20.93 | — | — | — | — |
| Cash conversion cycle | 3.47 | 11.28 | 20.75 | 17.36 | 24.76 | — | — | — | — |
Cash flow quality
How well reported earnings translate into operating and free cash flow, plus reinvestment intensity.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Operating CF / Net income | 0.25 | 1.46 | -1.43 | -10.48 | 0.00 | -0.12 | -0.13 | -0.13 | -0.13 |
| FCF / Net income | 0.06 | 0.23 | 0.39 | 2.44 | 0.05 | 0.08 | 0.07 | 0.08 | 0.08 |
| FCF margin | +0.81% | +3.06% | -3.93% | -1.85% | -7.10% | -4.38% | -4.25% | -4.20% | -4.38% |
| OCF margin | +3.19% | +19.43% | +14.30% | +7.92% | -0.66% | +7.02% | +7.22% | +7.16% | +7.04% |
| CapEx / Revenue | +2.38% | +16.37% | +18.22% | +9.76% | +6.44% | +11.29% | +11.54% | +11.82% | +11.29% |
| CapEx / D&A | 0.96 | 2.60 | 1.94 | 0.80 | 0.61 | — | — | — | — |
| Stock-based comp / Revenue | 0.00% | 0.00% | +0.30% | +0.23% | 0.00% | — | — | — | — |
Per-share & shareholder yield
EPS, book value, sales, cash flow and dividends per share — plus payout / retention.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| EPS · diluted | 0.81 | 2.13 | -6.28 | -0.44 | -50.41 | -0.89 | 1.80 | 3.30 | 5.76 |
| EPS · basic | 0.81 | 2.13 | -6.28 | -0.44 | -50.41 | -0.89 | 1.82 | 3.33 | 5.69 |
| Book value / share | 37.96 | 265.17 | 75.28 | 73.87 | 20.21 | 47.75 | 44.04 | 42.85 | 40.73 |
| Tangible BV / share | 25.51 | -197.93 | -67.78 | -70.32 | 20.02 | 47.75 | 44.04 | 42.85 | 40.73 |
| Sales / share | 220.35 | 224.09 | 62.82 | 57.74 | 52.18 | 50.75 | 49.00 | 45.73 | 44.56 |
| Operating CF / share | 7.03 | 43.55 | 8.98 | 4.57 | -0.35 | 3.56 | 3.54 | 3.28 | 3.14 |
| Free cash flow / share | 1.78 | 6.86 | -2.47 | -1.07 | -3.70 | -2.22 | -2.08 | -1.92 | -1.95 |
| Dividends / share | 0.00 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Payout ratio | 0.00% | +0.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Retention ratio | +100.00% | +99.92% | +100.00% | +100.00% | +100.00% | +100.00% | +100.00% | +100.00% | +100.00% |
Growth
Year-over-year change for headline P&L lines, plus through-cycle CAGR
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E | 8y CAGR |
|---|---|---|---|---|---|---|---|---|---|---|
| Top-line | ||||||||||
| Revenue · YoY | — | -5.98% | -8.69% | -6.99% | -5.18% | -3.70% | -3.05% | -6.86% | -2.02% | -5.33% |
| Gross profit · YoY | — | -12.28% | -21.07% | +12.22% | -2.29% | -8.55% | -3.02% | -8.14% | -5.55% | -6.50% |
| Profit | ||||||||||
| Operating income · YoY | — | -34.76% | -112.45% | -9.41% | -5728.64% | +66.27% | +3.52% | +6.44% | +2.12% | — |
| EBITDA · YoY | — | -1.83% | -105.39% | +1044.49% | -775.70% | +71.70% | +6.32% | +5.94% | -1.93% | — |
| Net income · YoY | — | -0.34% | -168.69% | +92.98% | -19373.42% | +64.80% | +2.76% | +10.22% | +3.34% | — |
| Operating | ||||||||||
| EBIT · YoY | — | -1.34% | -154.04% | +122.00% | -4378.17% | +65.94% | +2.72% | +5.06% | +4.08% | — |
| R&D · YoY | — | +3.25% | +235.26% | -100.00% | — | — | -3.75% | -6.81% | -2.44% | -1.82% |
| Per-share | ||||||||||
| EPS · diluted · YoY | — | +162.96% | -394.84% | +92.99% | -11356.82% | +98.23% | +301.25% | +83.68% | +74.41% | +27.79% |
| EPS · basic · YoY | — | +162.96% | -394.84% | +92.99% | -11356.82% | +98.24% | +305.30% | +83.01% | +70.95% | +27.58% |
Credit & leverage
Balance-sheet health + interest coverage + liquidity. Coverage ratios use period-end debt and trailing interest expense.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Leverage | |||||||||
| Total debt | $1.65B | $25.72B | $25.89B | $29.81B | $31.01B | $27.06B | $25.69B | $23.48B | $23.21B |
| Net debt | $1.11B | $23.23B | $24.06B | $25.51B | $29.12B | $24.63B | $23.37B | $21.31B | $21.08B |
| Net debt / EBITDA | 0.24 | 5.06 | -97.29 | 10.92 | -1.84 | -5.51 | -5.58 | -5.41 | -5.25 |
| Debt / equity | 0.48 | 1.17 | 1.27 | 1.47 | 5.33 | 1.99 | 2.04 | 1.92 | 1.99 |
| Debt / assets | +27.26% | +43.78% | +45.33% | +48.93% | +72.08% | +57.14% | +53.16% | +55.05% | +55.68% |
| Equity / assets | +56.48% | +37.53% | +35.70% | +33.22% | +13.51% | +28.71% | +26.06% | +28.66% | +28.03% |
| Coverage | |||||||||
| EBITDA / interest expense | 42.06 | 57.93 | -2.74 | 4.85 | -10.37 | -6.97 | -6.40 | -6.41 | -6.98 |
| Operating income / interest | 30.79 | 28.19 | -3.08 | -0.63 | -11.65 | -9.33 | -8.83 | -8.79 | -9.19 |
| Interest expense | $111.15M | $79.22M | $90.36M | $481.62M | $1.52B | $640.84M | $653.41M | $614.24M | $574.99M |
| Liquidity | |||||||||
| Current ratio | 4.19 | 1.05 | 0.61 | 1.39 | 0.42 | — | — | — | — |
| Quick ratio | 3.79 | 0.85 | 0.44 | 1.16 | 0.27 | — | — | — | — |
| Cash ratio | 1.16 | 0.39 | 0.23 | 0.74 | 0.15 | — | — | — | — |
| Working capital | $1.47B | $315.1M | -$3.13B | $2.26B | -$7.23B | — | — | — | — |
| Working capital / revenue | +7.40% | +1.69% | -18.38% | +14.31% | -48.19% | — | — | — | — |
Sourced from key_metrics + financial_ratios (loaded by load_fundamentals_extended.py).
Valuation
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| P / E | — | — |
| P / B | — | — |
| EV / EBITDA | — | — |
| EV / Sales | 4.02x | 2.01x |
| Earnings yield | -46.4% | -1.9% |
| FCF yield | -3.4% | -4.7% |
Returns
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | — | — |
| ROE | -251.4% | -0.6% |
| ROA | -33.7% | -0.2% |
| ROIC | -0.2% | -0.5% |
Leverage & liquidity
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| Debt / equity | — | — |
| Net debt / EBITDA | -1.84 | 10.92 |
| Interest coverage | — | — |
| Current ratio | 0.42x | 1.39x |
| Quick ratio | — | — |
Methodology. ROE / ROA / ROC use period-end balance-sheet denominators (no average-of- period smoothing). ROIC = Operating Income × (1 − inferred effective tax rate) over invested capital, with the effective tax inferred from net-to-operating income when both are positive and a 25% default otherwise. Net debt / EBITDA, debt ratios, and interest-coverage ratios are calculated point-in-time at each fiscal year-end. TTM = trailing 4 quarters (income / cash flow summed, balance sheet = most-recent quarterly snapshot). Through-cycle CAGR in the Growth panel uses the geometric mean of first-to-last period growth across the window (positive values only).