Globalstar, Inc. (GSAT) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-112.3%

-$10.20

vs $83.10 price

Levered DCF

$15.49

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

1.88

Grey zone

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-406.93×	-52.63×	-145.5×	-9.5×	-19.33×	-5.08×	733.96×	-1,882.35×
P/B	21.75×	10.89×	14.09×	11.41×	8.4×	1.97×	2.77×	3.4×
P/S	28.34×	15.61×	23.86×	24.19×	24.71×	6.49×	8.57×	9.37×
EV / EBITDA	92.59×	45.82×	64.21×	100.65×	107.4×	32.09×	48.76×	74.27×
Gross margin	64.8%	66.9%	69.0%	56.2%	58.2%	62.1%	59.3%	60.0%
Operating margin	5.4%	-0.4%	-0.1%	-148.8%	-52.7%	-46.0%	-48.6%	-36.4%
Net margin	-3.2%	-25.2%	-11.0%	-173.0%	-90.6%	-85.3%	11.6%	-5.0%
Current ratio	2.42×	3.16×	0.81×	0.41×	1.12×	0.6×	1×	0.77×
Debt / equity	1.54×	1.51×	1.04×	0.71×	0.74×	0.95×	1.18×	1.29×
Interest coverage	0×	-0.07×	-0.01×	-7.33×	-1.5×	-1.22×	-1.03×	-1.09×
Dividend yield	0.1%	0.3%	0.2%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	-122.6%	-16.8%	-48.3%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-2.4%	-17.6%	-6.5%	-81.6%	-30.8%	-25.9%	3.8%	-1.8%
Return on invested capital	0.7%	-0.1%	-0.0%	-31.6%	-8.7%	-7.1%	-6.8%	-4.8%
Return on assets	-0.4%	-3.7%	-2.7%	-30.8%	-13.8%	-12.3%	1.6%	-0.6%
Free cash flow yield	6.6%	8.2%	-1.7%	0.7%	2.8%	1.8%	-0.5%	-0.4%
Earnings yield	-0.1%	-1.6%	-0.5%	-7.2%	-3.7%	-13.1%	1.4%	-0.5%
Enterprise value	$7.8B	$4.1B	$5.7B	$3.8B	$3.3B	$1.2B	$1.6B	$1.7B
Net debt / EBITDA	1.17×	1.7×	3.8×	5.06×	8.24×	10.17×	14.4×	19.97×
Cash conversion cycle (days)	16	65	145	95	115	144	117	105