Echostar (SATS)
NASDAQ:SATS
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Echostar
(NASDAQ:SATS)
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Rating:54Neutral
Price Target:
$136.00
▲(2.09% Upside)
Action:Reiterated
Date:05/14/26
The score is held down primarily by deteriorated financial performance (severe losses, higher leverage, and negative TTM free cash flow). This is partially offset by strong technical momentum and a mixed-but-potentially improving narrative from the earnings call (expected spectrum-sale liquidity and declining decommissioning costs), with added support from debt restructuring actions; valuation remains weak due to negative earnings and no dividend support.
Positive Factors
Deleveraging via debt restructuring
A June restructuring and related prepayments directly reduce high-cost obligations and interest burden, improving cash flow flexibility. If executed, the moves materially lower refinancing pressure and extend runway, enabling management to focus capital on operations and strategic priorities over months.
Negative Factors
High leverage and thin equity cushion
Elevated total debt and a spiked debt-to-equity ratio materially constrain financial flexibility, increasing interest and refinancing risk. Over a multi-month horizon this limits investment capacity, raises default risk in stressed scenarios, and forces reliance on asset sales or capital markets to repair the balance sheet.
Read all positive and negative factors
Positive Factors
Negative Factors
Deleveraging via debt restructuring
A June restructuring and related prepayments directly reduce high-cost obligations and interest burden, improving cash flow flexibility. If executed, the moves materially lower refinancing pressure and extend runway, enabling management to focus capital on operations and strategic priorities over months.
Read all positive factors
Echostar Key Performance Indicators (KPIs)
Any
Operating Income by Segment
Breaks down operating profit across the company’s business lines, revealing which segments generate earnings and which are loss-making; useful for spotting where management should allocate capital or cut costs.
Breaks down operating profit across the company’s business lines, revealing which segments generate earnings and which are loss-making; useful for spotting where management should allocate capital or cut costs.
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The Fly
The FlyEchostar (SATS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$37.44B
Dividend YieldN/A
Average Volume (3M)6.03M
Price to Earnings (P/E)―
Beta (1Y)0.93
Revenue Growth-5.60%
EPS Growth-6044.89%
CountryUS
Employees13,700
SectorCommunication Services
Sector Strength97
IndustryCommunication Equipment
Share Statistics
EPS (TTM)-50.12
Shares Outstanding158,465,030
10 Day Avg. Volume7,912,875
30 Day Avg. Volume6,026,914
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)5.42
Price to Sales (P/S)2.08
P/FCF Ratio-29.35
Enterprise Value/Market Cap1.74
Enterprise Value/Revenue4.40
Enterprise Value/Gross Profit16.26
Enterprise Value/Ebitda-4.15
Forecast
1Y Price Target
$147.67Price Target Upside10.85% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)-0.89
Revenue Forecast (FY)$14.45B
Echostar Business Overview & Revenue Model
Company Description
EchoStar Corporation, together with its subsidiaries, provides networking technologies and services worldwide. The company operates in two segments, Hughes and EchoStar Satellite Services (ESS). The Hughes segment offers broadband network technolo...
How the Company Makes Money
EchoStar primarily makes money by selling satellite communications capacity and delivering managed connectivity services built on that capacity. Key revenue streams typically include: (1) Satellite services/capacity: leasing transponder or bandwid...
Echostar Earnings Call Summary
Earnings Call Date:Mar 02, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Jul 30, 2026
Earnings Call Sentiment Neutral
Mixed: the company articulated clear strategic positives — an expected inflow from a spectrum sale, a pragmatic capital-allocation framework, an operational partnership with SpaceX/Starlink, and management's view that DISH Wireless is nearing profitability — but these are balanced by material negatives including a roughly $16 billion decommissioning write-off, ongoing tower litigation after payment suspension, regulatory uncertainty from FCC actions, and significant valuation/timing uncertainty around the SpaceX equity. Management narrowed expected cash liabilities to ~$5–7 billion and highlighted progress on settlements, but near-term legal, regulatory, and valuation risks leave the situation balanced between opportunity and downside.Positive Updates
Pending Spectrum Sale and Expected Capital Influx
EchoStar Capital is awaiting final regulatory approvals for a spectrum sale with proceeds expected in the first half of the year; management plans to allocate proceeds across paying down expensive or maturing debt, tax liabilities, investments, and potential shareholder returns.
Negative Updates
Tower Payment Suspension and Ongoing Litigation
EchoStar (through its DISH Wireless entity) stopped making tower payments after declaring a force majeure following FCC action; several tower companies have initiated litigation, which management expects could be protracted, increasing legal and operational uncertainty.
Read all updates
Q4-2025 Updates
Positive
Negative
Pending Spectrum Sale and Expected Capital Influx
EchoStar Capital is awaiting final regulatory approvals for a spectrum sale with proceeds expected in the first half of the year; management plans to allocate proceeds across paying down expensive or maturing debt, tax liabilities, investments, and potential shareholder returns.
Read all positive updates
Company Guidance
The company provided limited forward guidance: it expects the cash inflow from a pending spectrum sale to arrive in the first half of the year and will consider allocations including paying down maturing/expensive debt, addressing tax liabilities, making investments, and potential returns to shareholders; EchoStar reiterated it is in a quiet period for FCC Auction 113 and will not comment on auction matters. Management noted the previously discussed ~2.8% SpaceX stake (initially cited at roughly $400 billion) remains unclosed and valuation/structure is uncertain (the Starlink/xAI merger was described publicly as roughly 80/20). On costs and decommissioning, the company said it has written off about $16 billion related to network decommissioning and now estimates cash decommissioning/tax payments of roughly $5–7 billion (down from prior $7–10 billion). All customers were moved off the network in Q4, DISH Wireless’s network assets sit in the “Other” segment (antennas, servers, radios), and management expects connectivity/decommissioning expenses in the Other segment to decline substantially in Q1–Q2 (an analyst estimated ~70% reduction in Q4), noting that roughly half of remaining expense is non‑cash accretion of lease liabilities. Management said DISH Wireless is “very, very, very close” to break‑even, and referenced OIBDA and free cash flow metrics with GAAP reconciliations in the earnings release/Form 10‑K.Echostar Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
18
Very Negative
Cash Flow
16
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.80B | 15.00B | 15.83B | 17.02B | 18.63B | 19.82B |
| Gross Profit | 4.01B | 3.87B | 5.69B | 5.07B | 6.42B | 7.32B |
| EBITDA | -15.70B | -15.79B | 2.34B | -247.35M | 4.59B | 4.67B |
| Net Income | -14.44B | -14.50B | -119.55M | -1.70B | 2.48B | 2.49B |
Balance Sheet | ||||||
| Total Assets | 41.38B | 43.02B | 60.94B | 57.11B | 58.75B | 6.05B |
| Cash, Cash Equivalents and Short-Term Investments | 1.52B | 2.06B | 5.55B | 2.44B | 4.31B | 1.55B |
| Total Debt | 29.29B | 31.01B | 29.81B | 25.89B | 25.72B | 1.65B |
| Total Liabilities | 35.70B | 37.20B | 40.69B | 36.72B | 36.70B | 2.63B |
| Stockholders Equity | 5.63B | 5.77B | 20.19B | 19.88B | 21.49B | 3.35B |
Cash Flow | ||||||
| Free Cash Flow | -908.58M | -1.07B | -292.18M | -668.27M | 570.72M | 160.25M |
| Operating Cash Flow | -67.84M | -99.37M | 1.25B | 2.43B | 3.62B | 632.23M |
| Investing Cash Flow | 1.10B | -1.40B | -3.05B | -2.81B | -9.06B | 168.81M |
| Financing Cash Flow | -2.36B | -910.31M | 4.48B | -277.12M | -274.45M | -1.16B |
Echostar Technical Analysis
Positive
133.21
Price Trends
124.44
Positive
119.86
Positive
97.18
Positive
Market Momentum
1.24
Positive
51.67
Neutral
27.43
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SATS, the sentiment is Positive. The current price of 133.21 is above the 20-day moving average (MA) of 128.69, above the 50-day MA of 124.44, and above the 200-day MA of 97.18, indicating a bullish trend. The MACD of 1.24 indicates Positive momentum. The RSI at 51.67 is Neutral, neither overbought nor oversold. The STOCH value of 27.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SATS.
Echostar Risk Analysis
Echostar disclosed 55 risk factors in its most recent earnings report. Echostar reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Echostar Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | $10.95B | -338.10 | -0.74% | ― | 2.67% | 93.53% | |
66 Neutral | $1.30B | 40.05 | 7.33% | ― | 46.26% | 111.78% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
55 Neutral | $112.00M | -16.04 | -17.50% | ― | 149.18% | 54.90% | |
54 Neutral | $37.44B | -2.59 | -151.68% | ― | -5.60% | -6044.89% | |
54 Neutral | $167.11M | 13.59 | 4.39% | ― | -4.37% | 76.76% | |
53 Neutral | $44.02B | -67.66 | -32.33% | ― | 1732.08% | 11.19% |
* Communication Services Sector Average
SATS
Echostar
129.19
110.98
609.45%
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Comtech Telecommunications
5.62
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GILT
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204.97%
VSAT
ViaSat
80.62
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782.06%
AMPG
AmpliTech Group
4.42
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93.86%
ASTS
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113.41
89.26
369.61%
Echostar Corporate Events
Business Operations and StrategyPrivate Placements and Financing
EchoStar Launches Major Debt Restructuring and Deleveraging Plan
Positive
Mar 19, 2026
On March 19, 2026, EchoStar Corporation, DISH Network Corporation, DISH DBS Corporation and certain subsidiaries entered into a Restructuring Support Agreement with an ad hoc group representing more than 82% of holders of DDBS debt securities. The...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.