Intrinsic value of Globalstar - GSAT

Previous Close

$1.97

  Intrinsic Value

$0.04

stock screener

  Rating & Target

str. sell

-98%

  Value-price divergence*

+105%

Previous close

$1.97

 
Intrinsic value

$0.04

 
Up/down potential

-98%

 
Rating

str. sell

 
Value-price divergence*

+105%

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of GSAT stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 1.8

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  7.78
  13.60
  12.74
  11.97
  11.27
  10.64
  10.08
  9.57
  9.11
  8.70
  8.33
  8.00
  7.70
  7.43
  7.19
  6.97
  6.77
  6.59
  6.43
  6.29
  6.16
  6.05
  5.94
  5.85
  5.76
  5.69
  5.62
  5.56
  5.50
  5.45
  5.41
Revenue, $m
  97
  110
  124
  139
  155
  171
  189
  207
  225
  245
  265
  287
  309
  332
  355
  380
  406
  433
  461
  490
  520
  551
  584
  618
  654
  691
  730
  770
  812
  857
  903
Variable operating expenses, $m
 
  39
  44
  49
  54
  60
  66
  72
  79
  86
  93
  101
  108
  116
  125
  133
  142
  152
  162
  172
  182
  193
  205
  217
  229
  242
  256
  270
  285
  301
  317
Fixed operating expenses, $m
 
  133
  137
  140
  143
  147
  151
  155
  158
  162
  166
  171
  175
  179
  184
  188
  193
  198
  203
  208
  213
  218
  224
  229
  235
  241
  247
  253
  260
  266
  273
Total operating expenses, $m
  161
  172
  181
  189
  197
  207
  217
  227
  237
  248
  259
  272
  283
  295
  309
  321
  335
  350
  365
  380
  395
  411
  429
  446
  464
  483
  503
  523
  545
  567
  590
Operating income, $m
  -64
  -62
  -56
  -50
  -43
  -36
  -28
  -20
  -12
  -3
  6
  15
  25
  36
  47
  58
  70
  83
  96
  110
  124
  139
  155
  172
  189
  207
  226
  247
  268
  290
  313
EBITDA, $m
  13
  26
  43
  61
  80
  100
  122
  144
  167
  192
  217
  244
  271
  300
  330
  361
  394
  428
  463
  500
  538
  578
  620
  664
  709
  757
  807
  860
  915
  972
  1,032
Interest expense (income), $m
  22
  22
  27
  32
  38
  44
  50
  56
  63
  70
  78
  85
  93
  102
  110
  119
  129
  139
  149
  159
  170
  182
  193
  206
  219
  232
  246
  261
  276
  292
  309
Earnings before tax, $m
  -139
  -83
  -83
  -82
  -81
  -79
  -78
  -77
  -75
  -74
  -72
  -70
  -68
  -66
  -63
  -61
  -58
  -56
  -53
  -49
  -46
  -42
  -38
  -34
  -30
  -25
  -20
  -14
  -9
  -2
  4
Tax expense, $m
  -6
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  1
Net income, $m
  -133
  -83
  -83
  -82
  -81
  -79
  -78
  -77
  -75
  -74
  -72
  -70
  -68
  -66
  -63
  -61
  -58
  -56
  -53
  -49
  -46
  -42
  -38
  -34
  -30
  -25
  -20
  -14
  -9
  -2
  3

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  10
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  1,133
  1,281
  1,445
  1,617
  1,800
  1,991
  2,192
  2,402
  2,621
  2,849
  3,086
  3,333
  3,589
  3,856
  4,133
  4,421
  4,720
  5,032
  5,355
  5,692
  6,043
  6,408
  6,789
  7,186
  7,600
  8,032
  8,483
  8,955
  9,447
  9,962
  10,500
Adjusted assets (=assets-cash), $m
  1,123
  1,281
  1,445
  1,617
  1,800
  1,991
  2,192
  2,402
  2,621
  2,849
  3,086
  3,333
  3,589
  3,856
  4,133
  4,421
  4,720
  5,032
  5,355
  5,692
  6,043
  6,408
  6,789
  7,186
  7,600
  8,032
  8,483
  8,955
  9,447
  9,962
  10,500
Revenue / Adjusted assets
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
Average production assets, $m
  1,074
  1,219
  1,375
  1,539
  1,713
  1,895
  2,086
  2,286
  2,494
  2,711
  2,937
  3,172
  3,416
  3,670
  3,934
  4,208
  4,493
  4,789
  5,097
  5,418
  5,751
  6,099
  6,461
  6,839
  7,233
  7,645
  8,074
  8,523
  8,991
  9,481
  9,994
Working capital, $m
  -134
  -11
  -12
  -14
  -15
  -17
  -19
  -21
  -23
  -24
  -27
  -29
  -31
  -33
  -36
  -38
  -41
  -43
  -46
  -49
  -52
  -55
  -58
  -62
  -65
  -69
  -73
  -77
  -81
  -86
  -90
Total debt, $m
  576
  702
  842
  989
  1,146
  1,309
  1,481
  1,661
  1,848
  2,043
  2,247
  2,458
  2,677
  2,906
  3,143
  3,389
  3,646
  3,912
  4,189
  4,478
  4,778
  5,090
  5,416
  5,756
  6,111
  6,480
  6,867
  7,270
  7,692
  8,132
  8,593
Total liabilities, $m
  971
  1,097
  1,237
  1,384
  1,541
  1,704
  1,876
  2,056
  2,243
  2,438
  2,642
  2,853
  3,072
  3,301
  3,538
  3,784
  4,041
  4,307
  4,584
  4,873
  5,173
  5,485
  5,811
  6,151
  6,506
  6,875
  7,262
  7,665
  8,087
  8,527
  8,988
Total equity, $m
  162
  185
  208
  233
  259
  287
  316
  346
  377
  410
  444
  480
  517
  555
  595
  637
  680
  725
  771
  820
  870
  923
  978
  1,035
  1,094
  1,157
  1,222
  1,289
  1,360
  1,435
  1,512
Total liabilities and equity, $m
  1,133
  1,282
  1,445
  1,617
  1,800
  1,991
  2,192
  2,402
  2,620
  2,848
  3,086
  3,333
  3,589
  3,856
  4,133
  4,421
  4,721
  5,032
  5,355
  5,693
  6,043
  6,408
  6,789
  7,186
  7,600
  8,032
  8,484
  8,954
  9,447
  9,962
  10,500
Debt-to-equity ratio
  3.556
  3.800
  4.050
  4.250
  4.420
  4.570
  4.690
  4.800
  4.900
  4.980
  5.060
  5.120
  5.180
  5.230
  5.280
  5.320
  5.360
  5.400
  5.430
  5.460
  5.490
  5.520
  5.540
  5.560
  5.580
  5.600
  5.620
  5.640
  5.650
  5.670
  5.680
Adjusted equity ratio
  0.135
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -133
  -83
  -83
  -82
  -81
  -79
  -78
  -77
  -75
  -74
  -72
  -70
  -68
  -66
  -63
  -61
  -58
  -56
  -53
  -49
  -46
  -42
  -38
  -34
  -30
  -25
  -20
  -14
  -9
  -2
  3
Depreciation, amort., depletion, $m
  77
  88
  99
  111
  123
  136
  150
  164
  179
  195
  211
  228
  246
  264
  283
  303
  323
  345
  367
  390
  414
  439
  465
  492
  520
  550
  581
  613
  647
  682
  719
Funds from operations, $m
  11
  4
  16
  29
  43
  57
  72
  88
  104
  121
  139
  158
  178
  198
  220
  242
  265
  289
  314
  340
  368
  397
  427
  458
  491
  525
  561
  599
  638
  680
  722
Change in working capital, $m
  2
  -1
  -1
  -1
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -3
  -3
  -3
  -3
  -3
  -3
  -3
  -3
  -4
  -4
  -4
  -4
  -4
  -4
  -5
Cash from operations, $m
  9
  6
  18
  31
  44
  59
  74
  89
  106
  123
  142
  160
  180
  201
  222
  244
  267
  292
  317
  343
  371
  400
  430
  461
  494
  529
  565
  603
  643
  684
  727
Maintenance CAPEX, $m
  0
  -77
  -88
  -99
  -111
  -123
  -136
  -150
  -164
  -179
  -195
  -211
  -228
  -246
  -264
  -283
  -303
  -323
  -345
  -367
  -390
  -414
  -439
  -465
  -492
  -520
  -550
  -581
  -613
  -647
  -682
New CAPEX, $m
  -25
  -146
  -155
  -165
  -173
  -182
  -191
  -200
  -208
  -217
  -226
  -235
  -244
  -254
  -264
  -274
  -285
  -296
  -308
  -321
  -334
  -348
  -362
  -378
  -394
  -411
  -429
  -449
  -469
  -490
  -512
Cash from investing activities, $m
  -25
  -223
  -243
  -264
  -284
  -305
  -327
  -350
  -372
  -396
  -421
  -446
  -472
  -500
  -528
  -557
  -588
  -619
  -653
  -688
  -724
  -762
  -801
  -843
  -886
  -931
  -979
  -1,030
  -1,082
  -1,137
  -1,194
Free cash flow, $m
  -16
  -217
  -225
  -233
  -240
  -247
  -254
  -260
  -267
  -273
  -279
  -286
  -292
  -299
  -306
  -313
  -320
  -328
  -336
  -344
  -353
  -362
  -371
  -381
  -392
  -403
  -414
  -427
  -439
  -453
  -468
Issuance/(repayment) of debt, $m
  -33
  136
  140
  148
  156
  164
  172
  180
  187
  195
  203
  211
  220
  228
  237
  246
  256
  266
  277
  288
  300
  313
  326
  340
  354
  370
  386
  403
  422
  441
  461
Issuance/(repurchase) of shares, $m
  51
  106
  106
  107
  107
  107
  107
  107
  107
  106
  106
  105
  105
  104
  103
  102
  101
  100
  99
  98
  96
  95
  93
  91
  89
  87
  85
  82
  79
  76
  74
Cash from financing (excl. dividends), $m  
  19
  242
  246
  255
  263
  271
  279
  287
  294
  301
  309
  316
  325
  332
  340
  348
  357
  366
  376
  386
  396
  408
  419
  431
  443
  457
  471
  485
  501
  517
  535
Total cash flow (excl. dividends), $m
  3
  24
  20
  22
  23
  24
  25
  26
  27
  29
  30
  31
  32
  33
  35
  36
  38
  39
  41
  42
  44
  46
  48
  50
  52
  54
  57
  59
  62
  65
  67
Retained Cash Flow (-), $m
  75
  -106
  -106
  -107
  -107
  -107
  -107
  -107
  -107
  -106
  -106
  -105
  -105
  -104
  -103
  -102
  -101
  -100
  -99
  -98
  -96
  -95
  -93
  -91
  -89
  -87
  -85
  -82
  -79
  -76
  -78
Prev. year cash balance distribution, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  -82
  -86
  -85
  -84
  -83
  -82
  -81
  -79
  -78
  -76
  -75
  -73
  -71
  -69
  -66
  -64
  -61
  -59
  -56
  -52
  -49
  -45
  -42
  -37
  -33
  -28
  -23
  -18
  -12
  -10
Discount rate, %
 
  12.70
  13.34
  14.00
  14.70
  15.44
  16.21
  17.02
  17.87
  18.76
  19.70
  20.69
  21.72
  22.81
  23.95
  25.15
  26.40
  27.72
  29.11
  30.56
  32.09
  33.70
  35.38
  37.15
  39.01
  40.96
  43.01
  45.16
  47.41
  49.79
  52.27
PV of cash for distribution, $m
 
  -72
  -67
  -57
  -49
  -41
  -33
  -27
  -21
  -17
  -13
  -9
  -7
  -5
  -3
  -2
  -2
  -1
  -1
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  93.9
  88.8
  84.4
  80.7
  77.5
  74.7
  72.3
  70.1
  68.2
  66.5
  64.9
  63.6
  62.3
  61.2
  60.1
  59.2
  58.3
  57.5
  56.8
  56.2
  55.5
  55.0
  54.5
  54.0
  53.6
  53.2
  52.8
  52.5
  52.2
  52.0

Globalstar, Inc. provides mobile voice and data communications services through satellite worldwide. The company offers duplex two-way voice and data products, including mobile voice and data satellite communications services and equipment for remote business continuity, recreational, emergency response, and other applications; fixed voice and data satellite communications services and equipment in rural villages, ships, industrial and commercial sites, and residential sites; and satellite data modem services comprising asynchronous and packet data services. It also provides SPOT products, such as SPOT satellite GPS messenger for personal tracking, emergency location, and messaging solutions; SPOT Global phone; and SPOT Trace, an anti-theft and asset tracking device. In addition, the company offers commercial Simplex one-way transmission products to track cargo containers and rail cars, to monitor utility meters, to monitor oil and gas assets, and other applications. Further, it provides engineering services, such as hardware and software designs to develop specific applications; and installation of gateways and antennas. The company primarily serves recreation and personal; government; public safety and disaster relief; oil and gas; maritime and fishing; natural resources, mining, and forestry; construction; utilities; and transportation markets. Globalstar, Inc. distributes its products directly, as well as through independent agents, dealers and resellers, independent gateway operators, and its sales force and e-commerce Website. As of December 31, 2016, it served approximately 689,000 subscribers. The company was founded in 2003 and is headquartered in Covington, Louisiana. Globalstar, Inc. is a subsidiary of Thermo Funding II LLC.

FINANCIAL RATIOS  of  Globalstar (GSAT)

Valuation Ratios
P/E Ratio -16.4
Price to Sales 22.5
Price to Book 13.5
Price to Tangible Book
Price to Cash Flow 242.2
Price to Free Cash Flow -136.3
Growth Rates
Sales Growth Rate 7.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -24.2%
Cap. Spend. - 3 Yr. Gr. Rate -11.1%
Financial Strength
Quick Ratio 0
Current Ratio 0
LT Debt to Equity 308.6%
Total Debt to Equity 355.6%
Interest Coverage -5
Management Effectiveness
Return On Assets -9.7%
Ret/ On Assets - 3 Yr. Avg. -11.9%
Return On Total Capital -17.1%
Ret/ On T. Cap. - 3 Yr. Avg. -23.2%
Return On Equity -66.7%
Return On Equity - 3 Yr. Avg. -164.5%
Asset Turnover 0.1
Profitability Ratios
Gross Margin 56.7%
Gross Margin - 3 Yr. Avg. 45.6%
EBITDA Margin -41.2%
EBITDA Margin - 3 Yr. Avg. -82.3%
Operating Margin -66%
Oper. Margin - 3 Yr. Avg. -97.9%
Pre-Tax Margin -143.3%
Pre-Tax Margin - 3 Yr. Avg. -191.5%
Net Profit Margin -137.1%
Net Profit Margin - 3 Yr. Avg. -190.5%
Effective Tax Rate 4.3%
Eff/ Tax Rate - 3 Yr. Avg. 2.3%
Payout Ratio 0%

GSAT stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the GSAT stock intrinsic value calculation we used $97 million for the last fiscal year's total revenue generated by Globalstar. The default revenue input number comes from 2016 income statement of Globalstar. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our GSAT stock valuation model: a) initial revenue growth rate of 13.6% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 12.7%, whose default value for GSAT is calculated based on our internal credit rating of Globalstar, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Globalstar.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of GSAT stock the variable cost ratio is equal to 35.1%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $130 million in the base year in the intrinsic value calculation for GSAT stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.8% for Globalstar.

Corporate tax rate of 27% is the nominal tax rate for Globalstar. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the GSAT stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for GSAT are equal to 1106.7%.

Life of production assets of 13.9 years is the average useful life of capital assets used in Globalstar operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for GSAT is equal to -10%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $162 million for Globalstar - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 937.063 million for Globalstar is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Globalstar at the current share price and the inputted number of shares is $1.8 billion.

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COMPANY NEWS

▶ ETFs with exposure to Globalstar, Inc. : July 24, 2017   [Jul-24-17 04:16PM  Capital Cube]
▶ ETFs with exposure to Globalstar, Inc. : July 14, 2017   [Jul-14-17 02:42PM  Capital Cube]
▶ Why Is No One Talking About Globalstar, Inc. Stock?   [Jun-30-17 06:41PM  Motley Fool]
▶ Sprint, T-Mobile Merger Starting to Come Into Focus   [Jun-20-17 04:39PM  TheStreet.com]
▶ ETFs with exposure to Globalstar, Inc. : June 2, 2017   [Jun-02-17 02:10PM  Capital Cube]
▶ Penny Stocks to Watch for June 2017   [May-31-17 09:46AM  Investopedia]
▶ Globalstar Could Draw FANG Stocks   [May-26-17 07:00PM  TheStreet.com]
▶ ETFs with exposure to Globalstar, Inc. : May 22, 2017   [May-22-17 01:42PM  Capital Cube]
▶ Solus CEO Says GSAT Spectrum May Appeal to Amazon   [May-18-17 03:49PM  Bloomberg Video]
▶ Why AstraZeneca, Globalstar, and Snap Jumped Today   [May-12-17 04:39PM  Motley Fool]
▶ Why Globalstar, Inc. Stock Popped Today   [02:32PM  Motley Fool]
▶ ETFs with exposure to Globalstar, Inc. : May 11, 2017   [May-11-17 04:46PM  Capital Cube]
▶ Globalstar reports 1Q loss   [May-04-17 07:49AM  Associated Press]
▶ Could Globalstar be a Takeover Target   [May-01-17 08:00AM  Accesswire]
▶ Globalstar, Inc. Earnings Call Release Notice   [Apr-28-17 04:05PM  GlobeNewswire]
▶ Globalstar Is on Life Support. Will It Survive?   [Apr-18-17 06:02PM  Motley Fool]
▶ Why Shares of Globalstar Surged Today   [Apr-17-17 04:57PM  Motley Fool]
▶ ETFs with exposure to Globalstar, Inc. : April 7, 2017   [Apr-07-17 04:42PM  Capital Cube]
▶ ETFs with exposure to Globalstar, Inc. : March 27, 2017   [Mar-27-17 03:58PM  Capital Cube]
▶ Better Buy: Iridium Communications vs. Globalstar   [Mar-17-17 08:29AM  Motley Fool]
▶ ETFs with exposure to Globalstar, Inc. : March 6, 2017   [Mar-06-17 01:43PM  Capital Cube]
▶ Globalstar reports 4Q loss   [07:07PM  AP]
▶ Globalstar, Inc. Earnings Call Release Notice   [Feb-17-17 04:30PM  GlobeNewswire]
▶ Globalstar Announces Departure of David Kagan   [Jan-23-17 05:00PM  GlobeNewswire]
▶ Why Globalstar, Endologix, and Lands' End Slumped Today   [Dec-27-16 08:03PM  at Motley Fool]
▶ FCC Adopts Globalstar Order   [Dec-23-16 11:09AM  GlobeNewswire]
▶ Why Globalstar, Inc. Stock Skyrocketed Today   [Dec-22-16 02:17PM  at Motley Fool]
▶ Are Hedge Funds On To Something With Buckle Inc (BKE)?   [Dec-03-16 05:45PM  at Insider Monkey]
▶ Hedge Funds Are Buying Acceleron Pharma Inc (XLRN)   [Nov-30-16 05:14AM  at Insider Monkey]
▶ Why Globalstar Inc. Stock Plunged Today   [Nov-10-16 12:59PM  at Motley Fool]
Stock chart of GSAT Financial statements of GSAT Annual reports of GSAT
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

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