Intrinsic value of EchoStar - SATS

Previous Close

$48.32

  Intrinsic Value

$48.11

stock screener

  Rating & Target

hold

-0%

Previous close

$48.32

 
Intrinsic value

$48.11

 
Up/down potential

-0%

 
Rating

hold

We calculate the intrinsic value of SATS 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 2017), $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 4.6

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   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
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  4.10
  4.19
  4.27
  4.34
  4.41
  4.47
  4.52
  4.57
  4.61
  4.65
  4.69
  4.72
  4.75
  4.77
  4.79
  4.81
  4.83
  4.85
  4.86
  4.88
  4.89
  4.90
  4.91
  4.92
  4.93
  4.94
  4.94
  4.95
  4.95
  4.96
Revenue, $m
  1,963
  2,046
  2,133
  2,226
  2,324
  2,428
  2,537
  2,653
  2,776
  2,905
  3,041
  3,184
  3,335
  3,495
  3,662
  3,839
  4,024
  4,219
  4,424
  4,640
  4,867
  5,106
  5,357
  5,620
  5,897
  6,188
  6,494
  6,815
  7,153
  7,507
Variable operating expenses, $m
  1,637
  1,701
  1,769
  1,841
  1,917
  1,998
  2,083
  2,173
  2,269
  2,369
  2,365
  2,476
  2,594
  2,718
  2,848
  2,985
  3,129
  3,281
  3,441
  3,609
  3,785
  3,971
  4,166
  4,371
  4,586
  4,812
  5,050
  5,300
  5,563
  5,838
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
  1,637
  1,701
  1,769
  1,841
  1,917
  1,998
  2,083
  2,173
  2,269
  2,369
  2,365
  2,476
  2,594
  2,718
  2,848
  2,985
  3,129
  3,281
  3,441
  3,609
  3,785
  3,971
  4,166
  4,371
  4,586
  4,812
  5,050
  5,300
  5,563
  5,838
Operating income, $m
  326
  345
  364
  385
  407
  430
  454
  480
  507
  536
  676
  708
  742
  777
  814
  853
  895
  938
  984
  1,032
  1,082
  1,135
  1,191
  1,249
  1,311
  1,376
  1,444
  1,515
  1,590
  1,669
EBITDA, $m
  910
  948
  988
  1,031
  1,077
  1,125
  1,176
  1,230
  1,286
  1,346
  1,409
  1,476
  1,546
  1,620
  1,697
  1,779
  1,865
  1,955
  2,050
  2,150
  2,256
  2,366
  2,482
  2,604
  2,733
  2,868
  3,009
  3,158
  3,315
  3,479
Interest expense (income), $m
  173
  216
  226
  238
  251
  264
  279
  294
  309
  326
  344
  362
  382
  403
  425
  448
  472
  497
  524
  552
  582
  613
  646
  680
  717
  755
  795
  837
  881
  927
  976
Earnings before tax, $m
  111
  118
  126
  134
  142
  151
  161
  170
  181
  192
  314
  326
  339
  352
  367
  382
  397
  414
  431
  450
  469
  489
  510
  533
  556
  581
  607
  634
  663
  693
Tax expense, $m
  30
  32
  34
  36
  38
  41
  43
  46
  49
  52
  85
  88
  91
  95
  99
  103
  107
  112
  116
  121
  127
  132
  138
  144
  150
  157
  164
  171
  179
  187
Net income, $m
  81
  86
  92
  98
  104
  110
  117
  124
  132
  140
  229
  238
  247
  257
  268
  279
  290
  302
  315
  328
  342
  357
  373
  389
  406
  424
  443
  463
  484
  506

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $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 assets, $m
  6,155
  6,413
  6,686
  6,977
  7,284
  7,610
  7,954
  8,318
  8,701
  9,106
  9,533
  9,982
  10,456
  10,955
  11,480
  12,033
  12,614
  13,226
  13,870
  14,546
  15,258
  16,006
  16,792
  17,618
  18,486
  19,399
  20,357
  21,364
  22,423
  23,534
Adjusted assets (=assets-cash), $m
  6,155
  6,413
  6,686
  6,977
  7,284
  7,610
  7,954
  8,318
  8,701
  9,106
  9,533
  9,982
  10,456
  10,955
  11,480
  12,033
  12,614
  13,226
  13,870
  14,546
  15,258
  16,006
  16,792
  17,618
  18,486
  19,399
  20,357
  21,364
  22,423
  23,534
Revenue / Adjusted assets
  0.319
  0.319
  0.319
  0.319
  0.319
  0.319
  0.319
  0.319
  0.319
  0.319
  0.319
  0.319
  0.319
  0.319
  0.319
  0.319
  0.319
  0.319
  0.319
  0.319
  0.319
  0.319
  0.319
  0.319
  0.319
  0.319
  0.319
  0.319
  0.319
  0.319
Average production assets, $m
  4,734
  4,932
  5,143
  5,366
  5,603
  5,853
  6,118
  6,397
  6,692
  7,003
  7,332
  7,678
  8,042
  8,426
  8,830
  9,255
  9,702
  10,172
  10,667
  11,188
  11,735
  12,310
  12,915
  13,550
  14,218
  14,920
  15,657
  16,432
  17,245
  18,100
Working capital, $m
  -31
  -33
  -34
  -36
  -37
  -39
  -41
  -42
  -44
  -46
  -49
  -51
  -53
  -56
  -59
  -61
  -64
  -68
  -71
  -74
  -78
  -82
  -86
  -90
  -94
  -99
  -104
  -109
  -114
  -120
Total debt, $m
  3,775
  3,973
  4,183
  4,406
  4,642
  4,892
  5,157
  5,436
  5,730
  6,041
  6,369
  6,714
  7,078
  7,461
  7,865
  8,289
  8,736
  9,206
  9,700
  10,219
  10,766
  11,340
  11,944
  12,578
  13,245
  13,946
  14,682
  15,456
  16,268
  17,122
Total liabilities, $m
  4,727
  4,925
  5,135
  5,358
  5,594
  5,844
  6,109
  6,388
  6,683
  6,993
  7,321
  7,666
  8,030
  8,413
  8,817
  9,241
  9,688
  10,158
  10,652
  11,172
  11,718
  12,292
  12,896
  13,531
  14,197
  14,898
  15,634
  16,408
  17,221
  18,074
Total equity, $m
  1,428
  1,488
  1,551
  1,619
  1,690
  1,766
  1,845
  1,930
  2,019
  2,113
  2,212
  2,316
  2,426
  2,542
  2,663
  2,792
  2,927
  3,068
  3,218
  3,375
  3,540
  3,713
  3,896
  4,087
  4,289
  4,500
  4,723
  4,957
  5,202
  5,460
Total liabilities and equity, $m
  6,155
  6,413
  6,686
  6,977
  7,284
  7,610
  7,954
  8,318
  8,702
  9,106
  9,533
  9,982
  10,456
  10,955
  11,480
  12,033
  12,615
  13,226
  13,870
  14,547
  15,258
  16,005
  16,792
  17,618
  18,486
  19,398
  20,357
  21,365
  22,423
  23,534
Debt-to-equity ratio
  2.640
  2.670
  2.700
  2.720
  2.750
  2.770
  2.790
  2.820
  2.840
  2.860
  2.880
  2.900
  2.920
  2.940
  2.950
  2.970
  2.980
  3.000
  3.010
  3.030
  3.040
  3.050
  3.070
  3.080
  3.090
  3.100
  3.110
  3.120
  3.130
  3.140
Adjusted equity ratio
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  81
  86
  92
  98
  104
  110
  117
  124
  132
  140
  229
  238
  247
  257
  268
  279
  290
  302
  315
  328
  342
  357
  373
  389
  406
  424
  443
  463
  484
  506
Depreciation, amort., depletion, $m
  583
  603
  624
  647
  670
  695
  722
  750
  779
  810
  733
  768
  804
  843
  883
  925
  970
  1,017
  1,067
  1,119
  1,173
  1,231
  1,291
  1,355
  1,422
  1,492
  1,566
  1,643
  1,725
  1,810
Funds from operations, $m
  664
  690
  716
  744
  774
  806
  839
  874
  911
  950
  962
  1,006
  1,051
  1,100
  1,151
  1,204
  1,260
  1,319
  1,382
  1,447
  1,516
  1,588
  1,664
  1,744
  1,828
  1,916
  2,009
  2,106
  2,208
  2,316
Change in working capital, $m
  -1
  -1
  -1
  -1
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -3
  -3
  -3
  -3
  -3
  -3
  -3
  -4
  -4
  -4
  -4
  -4
  -5
  -5
  -5
  -5
  -6
Cash from operations, $m
  666
  691
  718
  746
  776
  807
  841
  876
  913
  953
  964
  1,008
  1,054
  1,102
  1,153
  1,207
  1,263
  1,323
  1,385
  1,450
  1,519
  1,592
  1,668
  1,748
  1,832
  1,921
  2,014
  2,111
  2,214
  2,322
Maintenance CAPEX, $m
  -455
  -473
  -493
  -514
  -537
  -560
  -585
  -612
  -640
  -669
  -700
  -733
  -768
  -804
  -843
  -883
  -925
  -970
  -1,017
  -1,067
  -1,119
  -1,173
  -1,231
  -1,291
  -1,355
  -1,422
  -1,492
  -1,566
  -1,643
  -1,725
New CAPEX, $m
  -187
  -198
  -211
  -223
  -237
  -250
  -265
  -280
  -295
  -311
  -328
  -346
  -364
  -384
  -404
  -425
  -447
  -471
  -495
  -520
  -547
  -575
  -605
  -635
  -668
  -702
  -737
  -775
  -814
  -855
Cash from investing activities, $m
  -642
  -671
  -704
  -737
  -774
  -810
  -850
  -892
  -935
  -980
  -1,028
  -1,079
  -1,132
  -1,188
  -1,247
  -1,308
  -1,372
  -1,441
  -1,512
  -1,587
  -1,666
  -1,748
  -1,836
  -1,926
  -2,023
  -2,124
  -2,229
  -2,341
  -2,457
  -2,580
Free cash flow, $m
  24
  19
  14
  8
  2
  -3
  -9
  -15
  -22
  -28
  -64
  -71
  -78
  -86
  -93
  -101
  -110
  -118
  -127
  -137
  -146
  -157
  -167
  -179
  -190
  -203
  -216
  -229
  -243
  -258
Issuance/(repayment) of debt, $m
  180
  198
  210
  223
  236
  250
  264
  279
  295
  311
  328
  345
  364
  383
  403
  425
  447
  470
  494
  520
  546
  574
  604
  635
  667
  701
  736
  774
  813
  854
Issuance/(repurchase) of shares, $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 from financing (excl. dividends), $m  
  180
  198
  210
  223
  236
  250
  264
  279
  295
  311
  328
  345
  364
  383
  403
  425
  447
  470
  494
  520
  546
  574
  604
  635
  667
  701
  736
  774
  813
  854
Total cash flow (excl. dividends), $m
  204
  217
  224
  231
  239
  247
  255
  264
  273
  283
  263
  274
  286
  298
  310
  323
  337
  352
  367
  383
  400
  418
  436
  456
  476
  498
  521
  545
  570
  596
Retained Cash Flow (-), $m
  -56
  -60
  -64
  -67
  -71
  -76
  -80
  -84
  -89
  -94
  -99
  -104
  -110
  -116
  -122
  -128
  -135
  -142
  -149
  -157
  -165
  -174
  -182
  -192
  -201
  -212
  -222
  -234
  -245
  -258
Prev. year cash balance distribution, $m
  2,791
  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
  9
  10
  10
  11
  11
  12
  12
  13
  13
  14
  15
  15
  16
  17
  17
  18
  19
  20
  21
  22
  23
  24
  26
  27
  28
  29
  31
  32
  34
  36
Cash available for distribution, $m
  2,939
  157
  160
  164
  167
  171
  175
  180
  184
  189
  164
  170
  176
  182
  188
  195
  202
  210
  218
  226
  235
  244
  254
  264
  275
  286
  298
  311
  324
  338
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  2,818
  144
  140
  135
  130
  124
  118
  112
  106
  99
  78
  73
  67
  61
  55
  50
  44
  39
  34
  29
  24
  20
  17
  13
  11
  8
  6
  5
  4
  3
Current shareholders' claim on cash, %
  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
  100.0

EchoStar Corporation is a holding company. The Company is a provider of satellite operations, video delivery solutions, digital set-top boxes, and broadband satellite technologies and services for home and office, delivering network technologies, managed services, and solutions for enterprises and governments. The Company operates through three segments: Hughes, EchoStar Technologies (ETC) and EchoStar Satellite Services (ESS). The Company's Hughes segment provides broadband satellite technologies and broadband services for the home and office, delivering network technologies, managed services and communication solutions to domestic and international consumers and enterprise and government customers. The ETC segment provides end-to-end video and broadcast technology products and services to businesses and directly to consumers. The ESS segment operates its business using its owned and leased in-orbit satellites. Its operations also include real estate and other activities.

FINANCIAL RATIOS  of  EchoStar (SATS)

Valuation Ratios
P/E Ratio 25.3
Price to Sales 1.5
Price to Book 1.2
Price to Tangible Book
Price to Cash Flow 5.7
Price to Free Cash Flow 80
Growth Rates
Sales Growth Rate -2.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -10.3%
Cap. Spend. - 3 Yr. Gr. Rate 13.7%
Financial Strength
Quick Ratio 94
Current Ratio 0.6
LT Debt to Equity 92.4%
Total Debt to Equity 93.2%
Interest Coverage 3
Management Effectiveness
Return On Assets 3.6%
Ret/ On Assets - 3 Yr. Avg. 3.9%
Return On Total Capital 2.7%
Ret/ On T. Cap. - 3 Yr. Avg. 2.6%
Return On Equity 4.7%
Return On Equity - 3 Yr. Avg. 4.5%
Asset Turnover 0.4
Profitability Ratios
Gross Margin 43.2%
Gross Margin - 3 Yr. Avg. 41.3%
EBITDA Margin 31.2%
EBITDA Margin - 3 Yr. Avg. 29.2%
Operating Margin 11.9%
Oper. Margin - 3 Yr. Avg. 10.8%
Pre-Tax Margin 9.4%
Pre-Tax Margin - 3 Yr. Avg. 7.2%
Net Profit Margin 5.9%
Net Profit Margin - 3 Yr. Avg. 5.1%
Effective Tax Rate 36.9%
Eff/ Tax Rate - 3 Yr. Avg. 28.9%
Payout Ratio 0%

SATS stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the SATS stock intrinsic value calculation we used $1886 million for the last fiscal year's total revenue generated by EchoStar. The default revenue input number comes from 2017 income statement of EchoStar. 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 SATS stock valuation model: a) initial revenue growth rate of 4.1% 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 4.3%, whose default value for SATS is calculated based on our internal credit rating of EchoStar, 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 EchoStar.
    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 SATS stock the variable cost ratio is equal to 83.6%.

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 SATS 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 6% for EchoStar.

Corporate tax rate of 27% is the nominal tax rate for EchoStar. 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 SATS stock is equal to 0.5%.

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 SATS are equal to 241.1%.

Life of production assets of 10 years is the average useful life of capital assets used in EchoStar 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 SATS is equal to -1.6%. 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 - $4163 million for EchoStar - 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 95 million for EchoStar 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 EchoStar at the current share price and the inputted number of shares is $4.6 billion.

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COMPANY NEWS

▶ [$$] London Report: Pound weakness elevates FTSE 100   [Aug-08-18 12:22AM  Financial Times]
▶ EchoStar Corporation Class A to Host Earnings Call   [Aug-07-18 09:00AM  ACCESSWIRE]
▶ EchoStar: 2Q Earnings Snapshot   [06:11AM  Associated Press]
▶ Hughes Wins Four Awards for Workplace Excellence   [Jul-19-18 09:04AM  PR Newswire]
▶ Company News For Jul 9, 2018   [Jul-09-18 10:04AM  Zacks]
▶ [$$] EchoStar Won't Make Offer for Inmarsat   [Jul-06-18 12:35PM  The Wall Street Journal]
▶ [$$] Inmarsat/EchoStar: back down   [07:03AM  Financial Times]
▶ [$$] Echostar drops £3.2bn bid for Inmarsat   [Jul-05-18 11:59PM  Financial Times]
▶ [$$] Eutelsat Rules Out Inmarsat Offer   [03:34AM  The Wall Street Journal]
▶ [$$] Inmarsat/Eutelsat: making waves   [03:14AM  Financial Times]
▶ [$$] Satellite groups no longer UKs sleeping giants   [Jun-21-18 09:20PM  Financial Times]
▶ EchoStar Weighs Raising Inmarsat Bid After Rejection   [Jun-18-18 11:40AM  Bloomberg]
▶ [$$] Security debate looms over sale of Inmarsat   [Jun-15-18 12:00AM  Financial Times]
▶ [$$] Stocks to watch: Inmarsat, Evraz, NMC, Genworth, Aggreko   [Jun-10-18 10:04PM  Financial Times]
▶ EchoStar: 1Q Earnings Snapshot   [May-10-18 06:31AM  Associated Press]
▶ EchoStar Corporation Class A to Host Earnings Call   [Feb-22-18 10:05AM  ACCESSWIRE]
▶ EchoStar posts 4Q profit   [06:17AM  Associated Press]
▶ ETFs with exposure to EchoStar Corp. : December 25, 2017   [Dec-25-17 12:24PM  Capital Cube]
▶ ETFs with exposure to EchoStar Corp. : December 12, 2017   [Dec-12-17 02:05PM  Capital Cube]
▶ 5 Momentum Stocks Backed by Driehaus Strategy   [Nov-28-17 08:18AM  Zacks]
▶ ETFs with exposure to EchoStar Corp. : November 13, 2017   [Nov-13-17 01:09PM  Capital Cube]
▶ EchoStar Corporation Class A to Host Earnings Call   [Nov-08-17 09:00AM  ACCESSWIRE]
▶ EchoStar posts 3Q profit   [06:17AM  Associated Press]
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