EchoStar released its 10-Q for the third quarter without a press release or earnings call. The report is extremely messy, as the television business, Hughes segment, and legacy wireless network were still under bankruptcy protection at quarter-end and were not included in reported results.
Additional wireless spectrum will be needed to meet exploding demand for wireless data services. AT&T's decision to pay a big premium for some of EchoStar's licenses reflects this reality. Verizon and T-Mobile will need to step up to buy EchoStar's remaining licenses.
After more than a decade, EchoStar failed to put a viable wireless network or business strategy in place. Shareholders are now being asked to trust the management team to reinvest the proceeds from its planned spectrum sales.
|
Metric
|
ECHO
|
TMUS
|
VZ
|
|---|---|---|---|
Price/Earnings (Normalized) | — | 13.07 | 12.05 |
Price/Book Value | 1.69 | 3.00 | 1.82 |
Price/Sales | 2.72 | 1.85 | 1.39 |
Price/Cash Flow | — | 5.47 | 4.75 |
|
Metric
|
ECHO
|
TMUS
|
VZ
|
|---|---|---|---|
Quick Ratio | 9.77 | 0.63 | 0.47 |
Current Ratio | 10.16 | 0.91 | 0.63 |
Interest Coverage | 6.77 | 4.59 | 3.82 |
|
Metric
|
ECHO
|
TMUS
|
VZ
|
|---|---|---|---|
Return on Assets (Normalized) | −0.72% | 6.16% | 4.05% |
Return on Equity (Normalized) | −3.00% | 23.04% | 15.88% |
Return on Invested Capital (Normalized) | 3.61% | 9.23% | 7.57% |
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1-Day Chart
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