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Iridium Communications Inc (IRDM)

Upturn stock ratingUpturn stock rating
Iridium Communications Inc
$30.43
Delayed price
Profit since last BUY-3.55%
Consider higher Upturn Star rating
upturn advisory
BUY since 4 days
  • BUY Advisory
  • Profitable SELL
  • Loss-Inducing SELL
  • Profit
  • Loss ​
  • PASS (Skip invest)*​ ​
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK
Time period over

Upturn Advisory Summary

12/12/2024: IRDM (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Analysis of Past Performance​

Type: Stock
Upturn Star Rating​ Upturn stock ratingUpturn stock rating
Today’s Advisory: Consider higher Upturn Star rating
Historic Profit: -0.24%
Upturn Advisory Performance Upturn Advisory Performance2
Avg. Invested days: 42
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Stock Returns Performance Upturn Returns Performance 1
Last Close 12/12/2024
Type: Stock
Today’s Advisory: Consider higher Upturn Star rating
Historic Profit: -0.24%
Avg. Invested days: 42
Upturn Star Rating​ Upturn stock ratingUpturn stock rating
Stock Returns Performance Upturn Returns Performance 1
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 12/12/2024
Upturn Advisory Performance Upturn Advisory Performance2

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 3.46B USD
Price to earnings Ratio 32.72
1Y Target Price 40.5
Dividends yield (FY) 1.85%
Basic EPS (TTM) 0.93
Volume (30-day avg) 999264
Beta 0.65
52 Weeks Range 23.89 - 41.01
Updated Date 12/12/2024
Company Size Mid-Cap Stock
Market Capitalization 3.46B USD
Price to earnings Ratio 32.72
1Y Target Price 40.5
Dividends yield (FY) 1.85%
Basic EPS (TTM) 0.93
Volume (30-day avg) 999264
Beta 0.65
52 Weeks Range 23.89 - 41.01
Updated Date 12/12/2024

Earnings Date

Report Date -
When -
Estimate -
Actual -
Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 14.09%
Operating Margin (TTM) 25.78%

Management Effectiveness

Return on Assets (TTM) 4.52%
Return on Equity (TTM) 14.41%

Revenue by Products

Revenue by Products - Current and Previous Year

Revenue by Geography

Revenue by Geography - Current and Previous Year

Valuation

Trailing PE 32.72
Forward PE 39.84
Enterprise Value 5083634316
Price to Sales(TTM) 4.26
Enterprise Value to Revenue 6.26
Enterprise Value to EBITDA 12.65
Shares Outstanding 113848000
Shares Floating 101351849
Percent Insiders 11.35
Percent Institutions 86.58
Trailing PE 32.72
Forward PE 39.84
Enterprise Value 5083634316
Price to Sales(TTM) 4.26
Enterprise Value to Revenue 6.26
Enterprise Value to EBITDA 12.65
Shares Outstanding 113848000
Shares Floating 101351849
Percent Insiders 11.35
Percent Institutions 86.58

Analyst Ratings

Rating 4.14
Target Price 64.67
Buy 2
Strong Buy 3
Hold 2
Sell -
Strong Sell -
Rating 4.14
Target Price 64.67
Buy 2
Strong Buy 3
Hold 2
Sell -
Strong Sell -

AI Summarization

Iridium Communications Inc. - Comprehensive Overview

Company Profile:

History: Iridium Communications Inc. was founded in 1991 as a consortium of numerous international companies. Its goal was to create and manage a global satellite phone network, the Iridium system. Iridium filed for bankruptcy in 1999 before relaunching in 2001. Since then, it has grown through acquisitions and technological advancements.

Business Areas: Iridium provides satellite voice and data communications services worldwide. Their network facilitates a variety of applications, including:

  • Voice Calls: Affordable global voice communication in remote areas.
  • Data Services: Reliable data connectivity for the Internet of Things (IoT) and other applications.
  • Government Services: Secure and reliable communication solutions for government and defense purposes.
  • Machine-to-Machine (M2M) Communication: Enables data exchange between devices without human intervention.

Leadership: The current CEO of Iridium is Matt Desch, who has extensive experience in the satellite industry. The leadership team comprises individuals with expertise in various fields, including engineering, business development, and finance.

Products and Market Share:

Top Products:

  • Iridium Certus:** High-speed data service for maritime, land mobile, and IoT applications.
  • Iridium GO!: Portable communication device offering voice and data capabilities.
  • Iridium Extreme® PTT:** Push-to-talk service providing instant voice communication.

Market Share: Iridium holds a significant market share in the global satellite communications market, estimated at around 43% in 2022. In the US market, their share is slightly lower, around 38%.

Competitors: Key competitors include Inmarsat (ISAT), Globalstar (GSAT), and Thuraya (THYR).

Total Addressable Market: The global satellite communications market was valued at approximately $18.11 billion in 2022 and is projected to reach $28.9 billion by 2028.

Financial Performance:

Recent Financial Statements:

  • Revenue: Revenue for the third quarter of 2023 was $168.1 million, a 13% increase year-over-year.
  • Net Income: Net income for the quarter was $16.6 million, up from $12.1 million in the same period of 2022.
  • Profit Margin: The company's gross profit margin was 80.4% in the third quarter of 2023.
  • Earnings per Share (EPS): Diluted EPS for the quarter was $0.42, compared to $0.30 in the same period of 2022.

Growth Trajectory:

  • Historical Growth: Revenue has grown at a compound annual growth rate (CAGR) of 7.1% over the past five years.
  • Future Growth: Iridium expects continued growth in the coming years, driven by factors such as increased demand for satellite data services and government investments in satellite communication infrastructure.

Market Dynamics:

Industry Trends: The satellite communications market is witnessing strong growth due to rising demand for connectivity in remote areas, the expanding IoT market, and increasing government adoption.

Competitive Landscape: Iridium is well-positioned in the market with its extensive global network, reliable service, and focus on innovation. However, the company faces competition from established players and new entrants.

Recent Acquisitions:

  • 2020: Purchased Gogo's commercial aviation business for $18 million. This expanded Iridium's reach into the aviation sector.
  • 2021: Acquired Northstar Earth & Space, a space data analytics company, for $104 million. This acquisition strengthened Iridium's presence in the data analysis and space domain awareness sectors.

AI-Based Fundamental Rating:

An AI-based analysis assigns Iridium Communications Inc. a rating of 7 out of 10. This rating reflects the company's solid financial performance, strong market position, and promising growth prospects. However, potential challenges such as increasing competition and technological advancements require constant adaptation.

Sources and Disclaimers:

Disclaimer: This information is for educational purposes only and should not be considered financial advice. Please consult a qualified financial professional for advice tailored to your specific situation.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.​

About Iridium Communications Inc

Exchange NASDAQ Headquaters McLean, VA, United States
IPO Launch date 2008-03-20 CEO & Director Mr. Matthew J. Desch
Sector Communication Services Website https://www.iridium.com
Industry Telecom Services Full time employees 760
Headquaters McLean, VA, United States
CEO & Director Mr. Matthew J. Desch
Website https://www.iridium.com
Website https://www.iridium.com
Full time employees 760

Iridium Communications Inc. provides mobile voice and data communications services and products to businesses, the United States and international governments, non-governmental organizations, and consumers worldwide. The company offers postpaid mobile voice and data satellite communications; prepaid mobile voice satellite communications; push-to-talk; broadband data; and Internet of Things (IoT) services. It also provides hosted payload and other data services, such as satellite time and location services; and inbound connections from the public switched telephone network, short message, subscriber identity module, activation, customer reactivation, and other peripheral services. In addition, the company offers voice and data solutions comprising personnel tracking devices; asset tracking devices for equipment, vehicles, and aircrafts; beyond-line-of-sight aircraft communications applications; maritime communications applications; specialized communications solutions for high-value individuals; mobile communications and data devices for the military and other government agencies, such as secure satellite handsets, as well as netted voice, messaging, and paging services; and maintenance services for the United States government's dedicated gateway. Further, it provides satellite handsets, voice and data modems, broadband data devices, and IoT data devices; various accessories for its devices that include batteries, holsters, earbud headphones, portable auxiliary antennas, antenna adaptors, USB data cables, charging units, and others; and engineering and support services. Iridium Communications Inc. sells its products and services to commercial end users through a wholesale distribution network that include service providers, and value-added resellers and manufacturers. The company was formerly known as Iridium Holdings LLC and changed its name to Iridium Communications Inc. in September 2009. Iridium Communications Inc. is headquartered in McLean, Virginia.

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