Intrinsic value of DISH Network Cl A - DISH

Previous Close

$49.30

  Intrinsic Value

$4.74

stock screener

  Rating & Target

str. sell

-90%

  Value-price divergence*

-92%

Previous close

$49.30

 
Intrinsic value

$4.74

 
Up/down potential

-90%

 
Rating

str. sell

 
Value-price divergence*

-92%

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

We calculate the intrinsic value of DISH 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 22.7

 

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, %
  0.17
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  15,095
  15,397
  15,751
  16,156
  16,610
  17,114
  17,666
  18,268
  18,919
  19,621
  20,374
  21,180
  22,039
  22,954
  23,927
  24,959
  26,053
  27,211
  28,435
  29,729
  31,095
  32,536
  34,056
  35,658
  37,347
  39,124
  40,996
  42,967
  45,040
  47,221
  49,516
Variable operating expenses, $m
 
  14,042
  14,365
  14,734
  15,149
  15,608
  16,112
  16,660
  17,254
  17,894
  18,581
  19,316
  20,100
  20,934
  21,821
  22,763
  23,760
  24,816
  25,933
  27,113
  28,359
  29,673
  31,059
  32,520
  34,060
  35,682
  37,389
  39,186
  41,077
  43,066
  45,158
Fixed operating expenses, $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
Total operating expenses, $m
  12,883
  14,042
  14,365
  14,734
  15,149
  15,608
  16,112
  16,660
  17,254
  17,894
  18,581
  19,316
  20,100
  20,934
  21,821
  22,763
  23,760
  24,816
  25,933
  27,113
  28,359
  29,673
  31,059
  32,520
  34,060
  35,682
  37,389
  39,186
  41,077
  43,066
  45,158
Operating income, $m
  2,211
  1,355
  1,386
  1,422
  1,462
  1,506
  1,555
  1,608
  1,665
  1,727
  1,793
  1,864
  1,939
  2,020
  2,106
  2,196
  2,293
  2,395
  2,502
  2,616
  2,736
  2,863
  2,997
  3,138
  3,286
  3,443
  3,608
  3,781
  3,964
  4,155
  4,357
EBITDA, $m
  3,164
  2,327
  2,380
  2,442
  2,510
  2,586
  2,670
  2,761
  2,859
  2,965
  3,079
  3,201
  3,331
  3,469
  3,616
  3,772
  3,937
  4,112
  4,297
  4,493
  4,699
  4,917
  5,147
  5,389
  5,644
  5,913
  6,196
  6,494
  6,807
  7,137
  7,483
Interest expense (income), $m
  775
  793
  709
  733
  761
  792
  827
  864
  906
  950
  999
  1,050
  1,106
  1,164
  1,227
  1,294
  1,365
  1,440
  1,519
  1,603
  1,692
  1,786
  1,885
  1,989
  2,099
  2,215
  2,337
  2,465
  2,600
  2,743
  2,892
Earnings before tax, $m
  2,306
  562
  677
  689
  701
  714
  728
  743
  759
  776
  794
  814
  834
  855
  878
  902
  928
  955
  983
  1,013
  1,044
  1,077
  1,112
  1,149
  1,188
  1,228
  1,271
  1,316
  1,363
  1,413
  1,465
Tax expense, $m
  837
  152
  183
  186
  189
  193
  197
  201
  205
  210
  214
  220
  225
  231
  237
  244
  251
  258
  265
  273
  282
  291
  300
  310
  321
  332
  343
  355
  368
  381
  396
Net income, $m
  1,450
  410
  494
  503
  512
  521
  531
  542
  554
  567
  580
  594
  609
  625
  641
  659
  677
  697
  718
  739
  762
  786
  812
  839
  867
  897
  928
  961
  995
  1,031
  1,070

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  5,360
  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
  27,914
  23,015
  23,544
  24,149
  24,829
  25,581
  26,407
  27,307
  28,280
  29,329
  30,454
  31,659
  32,943
  34,311
  35,765
  37,308
  38,943
  40,674
  42,504
  44,438
  46,480
  48,634
  50,906
  53,301
  55,824
  58,482
  61,280
  64,225
  67,325
  70,585
  74,015
Adjusted assets (=assets-cash), $m
  22,554
  23,015
  23,544
  24,149
  24,829
  25,581
  26,407
  27,307
  28,280
  29,329
  30,454
  31,659
  32,943
  34,311
  35,765
  37,308
  38,943
  40,674
  42,504
  44,438
  46,480
  48,634
  50,906
  53,301
  55,824
  58,482
  61,280
  64,225
  67,325
  70,585
  74,015
Revenue / Adjusted assets
  0.669
  0.669
  0.669
  0.669
  0.669
  0.669
  0.669
  0.669
  0.669
  0.669
  0.669
  0.669
  0.669
  0.669
  0.669
  0.669
  0.669
  0.669
  0.669
  0.669
  0.669
  0.669
  0.669
  0.669
  0.669
  0.669
  0.669
  0.669
  0.669
  0.669
  0.669
Average production assets, $m
  18,873
  19,246
  19,689
  20,195
  20,763
  21,392
  22,083
  22,835
  23,649
  24,526
  25,467
  26,474
  27,549
  28,693
  29,909
  31,199
  32,566
  34,013
  35,544
  37,161
  38,869
  40,670
  42,570
  44,573
  46,683
  48,906
  51,246
  53,709
  56,300
  59,027
  61,895
Working capital, $m
  3,687
  -739
  -756
  -775
  -797
  -821
  -848
  -877
  -908
  -942
  -978
  -1,017
  -1,058
  -1,102
  -1,148
  -1,198
  -1,251
  -1,306
  -1,365
  -1,427
  -1,493
  -1,562
  -1,635
  -1,712
  -1,793
  -1,878
  -1,968
  -2,062
  -2,162
  -2,267
  -2,377
Total debt, $m
  16,484
  13,897
  14,374
  14,918
  15,530
  16,207
  16,950
  17,760
  18,636
  19,580
  20,593
  21,677
  22,833
  24,064
  25,373
  26,761
  28,233
  29,790
  31,438
  33,178
  35,016
  36,955
  39,000
  41,155
  43,426
  45,818
  48,336
  50,987
  53,776
  56,711
  59,797
Total liabilities, $m
  23,301
  20,713
  21,190
  21,734
  22,346
  23,023
  23,766
  24,576
  25,452
  26,396
  27,409
  28,493
  29,649
  30,880
  32,189
  33,577
  35,049
  36,606
  38,254
  39,994
  41,832
  43,771
  45,816
  47,971
  50,242
  52,634
  55,152
  57,803
  60,592
  63,527
  66,613
Total equity, $m
  4,614
  2,301
  2,354
  2,415
  2,483
  2,558
  2,641
  2,731
  2,828
  2,933
  3,045
  3,166
  3,294
  3,431
  3,577
  3,731
  3,894
  4,067
  4,250
  4,444
  4,648
  4,863
  5,091
  5,330
  5,582
  5,848
  6,128
  6,423
  6,732
  7,059
  7,401
Total liabilities and equity, $m
  27,915
  23,014
  23,544
  24,149
  24,829
  25,581
  26,407
  27,307
  28,280
  29,329
  30,454
  31,659
  32,943
  34,311
  35,766
  37,308
  38,943
  40,673
  42,504
  44,438
  46,480
  48,634
  50,907
  53,301
  55,824
  58,482
  61,280
  64,226
  67,324
  70,586
  74,014
Debt-to-equity ratio
  3.573
  6.040
  6.110
  6.180
  6.250
  6.340
  6.420
  6.500
  6.590
  6.680
  6.760
  6.850
  6.930
  7.010
  7.090
  7.170
  7.250
  7.320
  7.400
  7.470
  7.530
  7.600
  7.660
  7.720
  7.780
  7.830
  7.890
  7.940
  7.990
  8.030
  8.080
Adjusted equity ratio
  -0.033
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  1,450
  410
  494
  503
  512
  521
  531
  542
  554
  567
  580
  594
  609
  625
  641
  659
  677
  697
  718
  739
  762
  786
  812
  839
  867
  897
  928
  961
  995
  1,031
  1,070
Depreciation, amort., depletion, $m
  953
  972
  994
  1,020
  1,049
  1,080
  1,115
  1,153
  1,194
  1,239
  1,286
  1,337
  1,391
  1,449
  1,511
  1,576
  1,645
  1,718
  1,795
  1,877
  1,963
  2,054
  2,150
  2,251
  2,358
  2,470
  2,588
  2,713
  2,843
  2,981
  3,126
Funds from operations, $m
  2,776
  1,382
  1,489
  1,523
  1,560
  1,602
  1,647
  1,696
  1,749
  1,805
  1,866
  1,931
  2,000
  2,074
  2,152
  2,234
  2,322
  2,415
  2,513
  2,616
  2,725
  2,841
  2,962
  3,090
  3,225
  3,367
  3,516
  3,673
  3,839
  4,013
  4,196
Change in working capital, $m
  -26
  -14
  -17
  -19
  -22
  -24
  -27
  -29
  -31
  -34
  -36
  -39
  -41
  -44
  -47
  -50
  -53
  -56
  -59
  -62
  -66
  -69
  -73
  -77
  -81
  -85
  -90
  -95
  -100
  -105
  -110
Cash from operations, $m
  2,802
  1,397
  1,506
  1,542
  1,582
  1,626
  1,673
  1,725
  1,780
  1,839
  1,902
  1,970
  2,041
  2,118
  2,198
  2,284
  2,375
  2,470
  2,572
  2,678
  2,791
  2,910
  3,035
  3,167
  3,306
  3,452
  3,606
  3,768
  3,938
  4,117
  4,306
Maintenance CAPEX, $m
  0
  -953
  -972
  -994
  -1,020
  -1,049
  -1,080
  -1,115
  -1,153
  -1,194
  -1,239
  -1,286
  -1,337
  -1,391
  -1,449
  -1,511
  -1,576
  -1,645
  -1,718
  -1,795
  -1,877
  -1,963
  -2,054
  -2,150
  -2,251
  -2,358
  -2,470
  -2,588
  -2,713
  -2,843
  -2,981
New CAPEX, $m
  -603
  -373
  -443
  -506
  -568
  -629
  -691
  -752
  -814
  -877
  -941
  -1,007
  -1,074
  -1,144
  -1,216
  -1,290
  -1,367
  -1,447
  -1,530
  -1,617
  -1,707
  -1,802
  -1,900
  -2,003
  -2,110
  -2,222
  -2,340
  -2,463
  -2,592
  -2,727
  -2,868
Cash from investing activities, $m
  -1,729
  -1,326
  -1,415
  -1,500
  -1,588
  -1,678
  -1,771
  -1,867
  -1,967
  -2,071
  -2,180
  -2,293
  -2,411
  -2,535
  -2,665
  -2,801
  -2,943
  -3,092
  -3,248
  -3,412
  -3,584
  -3,765
  -3,954
  -4,153
  -4,361
  -4,580
  -4,810
  -5,051
  -5,305
  -5,570
  -5,849
Free cash flow, $m
  1,073
  71
  91
  42
  -6
  -52
  -98
  -143
  -188
  -232
  -278
  -324
  -370
  -418
  -467
  -517
  -568
  -622
  -677
  -734
  -793
  -855
  -919
  -986
  -1,056
  -1,128
  -1,204
  -1,283
  -1,366
  -1,453
  -1,543
Issuance/(repayment) of debt, $m
  3,465
  -1,645
  476
  545
  611
  677
  743
  809
  876
  944
  1,013
  1,084
  1,156
  1,231
  1,309
  1,389
  1,471
  1,558
  1,647
  1,740
  1,838
  1,939
  2,045
  2,155
  2,271
  2,392
  2,518
  2,651
  2,789
  2,934
  3,087
Issuance/(repurchase) of shares, $m
  394
  1,695
  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 from financing (excl. dividends), $m  
  3,197
  50
  476
  545
  611
  677
  743
  809
  876
  944
  1,013
  1,084
  1,156
  1,231
  1,309
  1,389
  1,471
  1,558
  1,647
  1,740
  1,838
  1,939
  2,045
  2,155
  2,271
  2,392
  2,518
  2,651
  2,789
  2,934
  3,087
Total cash flow (excl. dividends), $m
  4,271
  121
  568
  586
  605
  625
  646
  667
  689
  711
  735
  760
  786
  813
  842
  872
  903
  936
  970
  1,006
  1,044
  1,084
  1,126
  1,169
  1,215
  1,264
  1,314
  1,367
  1,423
  1,482
  1,543
Retained Cash Flow (-), $m
  -1,865
  -2,105
  -53
  -61
  -68
  -75
  -83
  -90
  -97
  -105
  -113
  -120
  -128
  -137
  -145
  -154
  -163
  -173
  -183
  -193
  -204
  -215
  -227
  -239
  -252
  -266
  -280
  -295
  -310
  -326
  -343
Prev. year cash balance distribution, $m
 
  4,418
  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
 
  2,434
  515
  526
  538
  550
  563
  577
  591
  607
  623
  640
  658
  677
  697
  718
  740
  763
  787
  813
  840
  869
  899
  930
  963
  998
  1,034
  1,073
  1,113
  1,156
  1,200
Discount rate, %
 
  7.80
  8.19
  8.60
  9.03
  9.48
  9.95
  10.45
  10.98
  11.52
  12.10
  12.71
  13.34
  14.01
  14.71
  15.44
  16.22
  17.03
  17.88
  18.77
  19.71
  20.70
  21.73
  22.82
  23.96
  25.16
  26.41
  27.73
  29.12
  30.58
  32.11
PV of cash for distribution, $m
 
  2,257
  440
  410
  380
  350
  319
  288
  257
  227
  199
  172
  146
  123
  102
  83
  67
  53
  41
  31
  23
  17
  12
  8
  6
  4
  2
  1
  1
  1
  0
Current shareholders' claim on cash, %
  100
  36.3
  36.3
  36.3
  36.3
  36.3
  36.3
  36.3
  36.3
  36.3
  36.3
  36.3
  36.3
  36.3
  36.3
  36.3
  36.3
  36.3
  36.3
  36.3
  36.3
  36.3
  36.3
  36.3
  36.3
  36.3
  36.3
  36.3
  36.3
  36.3
  36.3

DISH Network Corporation is a holding company. The Company operates through two segments: Pay-TV and Broadband, and Wireless. It offers pay-TV services under the DISH brand and the Sling brand (collectively Pay-TV services). The DISH branded pay-TV service consists of Federal Communications Commission (FCC) licenses authorizing it to use direct broadcast satellite and Fixed Satellite Service spectrum, its owned and leased satellites, receiver systems, third-party broadcast operations, customer service facilities, a leased fiber optic network, in-home service and call center operations, and certain other assets utilized in its operations. The Sling branded pay-TV services consist of live, linear streaming over-the-top Internet-based domestic, international and Latino video programing services. The Company markets broadband services under the dishNET brand. The Company makes investments in the research and development, wireless testing and wireless network infrastructure.

FINANCIAL RATIOS  of  DISH Network Cl A (DISH)

Valuation Ratios
P/E Ratio 15.8
Price to Sales 1.5
Price to Book 5
Price to Tangible Book
Price to Cash Flow 8.2
Price to Free Cash Flow 10.4
Growth Rates
Sales Growth Rate 0.2%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -93.8%
Cap. Spend. - 3 Yr. Gr. Rate -13.6%
Financial Strength
Quick Ratio 6
Current Ratio 0.4
LT Debt to Equity 336.8%
Total Debt to Equity 357.3%
Interest Coverage 4
Management Effectiveness
Return On Assets 7.7%
Ret/ On Assets - 3 Yr. Avg. 7%
Return On Total Capital 7.7%
Ret/ On T. Cap. - 3 Yr. Avg. 6.1%
Return On Equity 39.4%
Return On Equity - 3 Yr. Avg. 44.7%
Asset Turnover 0.6
Profitability Ratios
Gross Margin 30.1%
Gross Margin - 3 Yr. Avg. 28.2%
EBITDA Margin 26.7%
EBITDA Margin - 3 Yr. Avg. 22.6%
Operating Margin 14.7%
Oper. Margin - 3 Yr. Avg. 12%
Pre-Tax Margin 15.3%
Pre-Tax Margin - 3 Yr. Avg. 10.4%
Net Profit Margin 9.6%
Net Profit Margin - 3 Yr. Avg. 7%
Effective Tax Rate 36.3%
Eff/ Tax Rate - 3 Yr. Avg. 30.5%
Payout Ratio 0%

DISH stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the DISH stock intrinsic value calculation we used $15095 million for the last fiscal year's total revenue generated by DISH Network Cl A. The default revenue input number comes from 2016 income statement of DISH Network Cl A. 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 DISH stock valuation model: a) initial revenue growth rate of 2% 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 7.8%, whose default value for DISH is calculated based on our internal credit rating of DISH Network Cl A, 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 DISH Network Cl A.
    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 DISH stock the variable cost ratio is equal to 91.2%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for DISH 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 5.1% for DISH Network Cl A.

Corporate tax rate of 27% is the nominal tax rate for DISH Network Cl A. 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 DISH 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 DISH are equal to 125%.

Life of production assets of 19.8 years is the average useful life of capital assets used in DISH Network Cl A 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 DISH is equal to -4.8%. 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 - $4614 million for DISH Network Cl A - 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 460.629 million for DISH Network Cl A 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 DISH Network Cl A at the current share price and the inputted number of shares is $22.7 billion.

RELATED COMPANIES Price Int.Val. Rating
SATS EchoStar 54.89 60.29  hold
NFLX Netflix 194.16 119.02  sell
FOXA 21st Century F 27.50 29.87  hold
CMCSA Comcast Cl A 37.22 31.92  sell
CABO Cable One 744.49 385.02  sell
GSAT Globalstar 1.55 0.04  str.sell

COMPANY NEWS

▶ Trade of the Day: DISH Network (DISH)   [Oct-20-17 09:39AM  InvestorPlace]
▶ Dish Network's top lawyer leaving as company changes exec lineup   [Oct-18-17 09:14AM  American City Business Journals]
▶ AT&T Fallout: Pay TV Industry Could Lose 1 Million Subscribers   [Oct-12-17 04:15PM  Investor's Business Daily]
▶ Dish Network claims $4.4 million win in Florida piracy case   [10:09AM  American City Business Journals]
▶ Bulls bet on this under-pressure name & a trade update   [Oct-10-17 01:30PM  CNBC Videos]
▶ Shrinking TV ads are crushing advertisers   [12:33PM  Yahoo Finance Video]
▶ Yahoo Finance Live: Midday Movers   [09:20AM  Yahoo Finance Video]
▶ Sprint Corp (S) Stock Remains a Buy but a Risky One   [Oct-02-17 12:31PM  InvestorPlace]
▶ Dish Bulls And Bears Agree On One Thing: What's Coming In Q3   [Sep-26-17 04:20PM  Investor's Business Daily]
▶ Whats Frontiers Video Strategy?   [Sep-22-17 05:06PM  Market Realist]
▶ DISH Airs Live 4K College Football from FOX Sports   [Sep-21-17 09:01AM  Business Wire]
▶ Why Did Charters 2Q17 Earnings Miss Estimates?   [Sep-18-17 01:00PM  Market Realist]
▶ Mario Gabelli Comments on DISH Network   [Sep-15-17 01:48PM  GuruFocus.com]
▶ DISH Assisting Customers and Communities Impacted by Irma   [Sep-14-17 09:16AM  Business Wire]
▶ Amdocs Selected to Support DISH Business   [06:00AM  GlobeNewswire]
▶ Dish Networks Latest Technical Indicators   [07:35AM  Market Realist]
▶ Chart in Focus: Dish Networks Increasing M&A Activity   [Sep-11-17 10:36AM  Market Realist]
▶ A Look at Dish Networks Financial Metrics   [10:36AM  Market Realist]
▶ A Look at Dish Networks 5G Strategy   [09:06AM  Market Realist]
▶ Will Dish Network Be Able to Build Out Its Spectrum?   [Sep-06-17 10:37AM  Market Realist]
▶ How Dish Network Views the Wireless Industry   [09:06AM  Market Realist]
▶ How Dish Network Is Revamping Its Advertising Strategy   [Sep-05-17 10:36AM  Market Realist]
▶ Yahoo Finance Live: Market Movers - Sep 5th, 2017   [07:20AM  Yahoo Finance Video]
▶ Factors That Are Impacting Dish Networks Churn Rate   [Sep-04-17 10:37AM  Market Realist]
▶ Factors Impacting Dish Networks Stock Price   [07:38AM  Market Realist]
▶ Charlie Ergen May Still Beat the FCC Over Spectrum   [Sep-02-17 07:20PM  TheStreet.com]
▶ The Not-So-Crazy Case for $10,000 Bitcoin   [Sep-01-17 10:07AM  InvestorPlace]
▶ The DISH Network FCC Case Explained   [Aug-31-17 10:40AM  Benzinga]
▶ DISH Assisting Customers and Communities Impacted by Harvey   [Aug-30-17 02:57PM  Business Wire]
▶ [$$] Court Rules Two Airwaves Bidders Can Get Another Shot   [Aug-29-17 04:48PM  The Wall Street Journal]
▶ Trade of the Day: DISH Network Corp (DISH)   [Aug-25-17 09:24AM  InvestorPlace]
▶ The Colorful Side of Dishs Dull Report   [Aug-23-17 11:53AM  Market Realist]
▶ Yahoo Finance Live: Midday Movers - Aug 23rd, 2017   [09:40AM  Yahoo Finance Video]
▶ Reading Dishs Numbers in Context   [09:07AM  Market Realist]
▶ Comcasts Capex in Perspective   [Aug-22-17 04:36PM  Market Realist]
▶ How I (Sort Of) Cut the Cord With Cable TV   [Aug-19-17 10:33AM  Motley Fool]
▶ How to Watch the Mayweather-McGregor Fight   [Aug-17-17 12:03PM  InvestorPlace]
▶ CEO of Dish Network's Sling TV is leaving to lead Pandora   [Aug-14-17 05:49PM  American City Business Journals]
Financial statements of DISH
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.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.