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DISH NETWORK CORP-A (DISH) Stock Fundamental Analysis

NASDAQ:DISH - Nasdaq - US25470M1099 - Common Stock - Currency: USD

5.77  +0.11 (+1.94%)

After market: 5.73 -0.04 (-0.69%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to DISH. DISH was compared to 97 industry peers in the Media industry. DISH has a medium profitability rating, but doesn't score so well on its financial health evaluation. DISH is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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6

1. Profitability

1.1 Basic Checks

In the past year DISH was profitable.
In the past year DISH had a positive cash flow from operations.
Each year in the past 5 years DISH has been profitable.
Each year in the past 5 years DISH had a positive operating cash flow.
DISH Yearly Net Income VS EBIT VS OCF VS FCFDISH Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 0 2B -2B 4B -4B -6B

1.2 Ratios

DISH has a Return On Assets of 2.27%. This is in the better half of the industry: DISH outperforms 64.58% of its industry peers.
Looking at the Return On Equity, with a value of 6.67%, DISH is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
With a Return On Invested Capital value of 1.37%, DISH perfoms like the industry average, outperforming 41.67% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for DISH is in line with the industry average of 6.66%.
The last Return On Invested Capital (1.37%) for DISH is well below the 3 year average (5.42%), which needs to be investigated, but indicates that DISH had better years and this may not be a problem.
Industry RankSector Rank
ROA 2.27%
ROE 6.67%
ROIC 1.37%
ROA(3y)4.67%
ROA(5y)4.67%
ROE(3y)13.72%
ROE(5y)14.32%
ROIC(3y)5.42%
ROIC(5y)5.52%
DISH Yearly ROA, ROE, ROICDISH Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 10 20 30

1.3 Margins

Looking at the Profit Margin, with a value of 7.81%, DISH is in the better half of the industry, outperforming 73.96% of the companies in the same industry.
DISH's Profit Margin has been stable in the last couple of years.
With a Operating Margin value of 5.53%, DISH perfoms like the industry average, outperforming 45.83% of the companies in the same industry.
In the last couple of years the Operating Margin of DISH has declined.
DISH has a worse Gross Margin (28.19%) than 67.71% of its industry peers.
DISH's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 5.53%
PM (TTM) 7.81%
GM 28.19%
OM growth 3Y-5.77%
OM growth 5Y-2.55%
PM growth 3Y8.1%
PM growth 5Y-1.09%
GM growth 3Y2.16%
GM growth 5Y2.41%
DISH Yearly Profit, Operating, Gross MarginsDISH Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 10 20 30

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1

2. Health

2.1 Basic Checks

DISH has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for DISH has been increased compared to 1 year ago.
Compared to 1 year ago, DISH has an improved debt to assets ratio.
DISH Yearly Shares OutstandingDISH Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 100M 200M 300M 400M 500M
DISH Yearly Total Debt VS Total AssetsDISH Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 10B 20B 30B 40B 50B

2.2 Solvency

Based on the Altman-Z score of 0.69, we must say that DISH is in the distress zone and has some risk of bankruptcy.
DISH's Altman-Z score of 0.69 is on the low side compared to the rest of the industry. DISH is outperformed by 67.71% of its industry peers.
DISH has a Debt/Equity ratio of 1.10. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of DISH (1.10) is worse than 66.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.1
Debt/FCF N/A
Altman-Z 0.69
ROIC/WACC0.26
WACC5.22%
DISH Yearly LT Debt VS Equity VS FCFDISH Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 0 5B -5B 10B 15B

2.3 Liquidity

DISH has a Current Ratio of 0.54. This is a bad value and indicates that DISH is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.54, DISH is not doing good in the industry: 92.71% of the companies in the same industry are doing better.
A Quick Ratio of 0.44 indicates that DISH may have some problems paying its short term obligations.
DISH has a Quick ratio of 0.44. This is amonst the worse of the industry: DISH underperforms 93.75% of its industry peers.
Industry RankSector Rank
Current Ratio 0.54
Quick Ratio 0.44
DISH Yearly Current Assets VS Current LiabilitesDISH Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2B 4B 6B 8B

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1

3. Growth

3.1 Past

DISH shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -37.87%.
DISH shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.01% yearly.
Looking at the last year, DISH shows a decrease in Revenue. The Revenue has decreased by -8.58% in the last year.
The Revenue has been growing slightly by 2.99% on average over the past years.
EPS 1Y (TTM)-37.87%
EPS 3Y11.77%
EPS 5Y7.01%
EPS Q2Q%-140%
Revenue 1Y (TTM)-8.58%
Revenue growth 3Y9.2%
Revenue growth 5Y2.99%
Sales Q2Q%-9.55%

3.2 Future

Based on estimates for the next years, DISH will show a very negative growth in Earnings Per Share. The EPS will decrease by -16.04% on average per year.
Based on estimates for the next years, DISH will show a decrease in Revenue. The Revenue will decrease by -2.46% on average per year.
EPS Next Y-93.68%
EPS Next 2Y-46.38%
EPS Next 3Y-31.35%
EPS Next 5Y-16.04%
Revenue Next Year-8.18%
Revenue Next 2Y-5.52%
Revenue Next 3Y-3.78%
Revenue Next 5Y-2.46%

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
DISH Yearly Revenue VS EstimatesDISH Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 5B 10B 15B
DISH Yearly EPS VS EstimatesDISH Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0 1 2 3

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3

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 3.09, which indicates a rather cheap valuation of DISH.
DISH's Price/Earnings ratio is rather cheap when compared to the industry. DISH is cheaper than 93.75% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 24.21, DISH is valued rather cheaply.
The Forward Price/Earnings Ratio is negative for DISH. No positive earnings are expected for the next year.
Industry RankSector Rank
PE 3.09
Fwd PE N/A
DISH Price Earnings VS Forward Price EarningsDISH Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 -10 20

4.2 Price Multiples

DISH's Enterprise Value to EBITDA ratio is in line with the industry average.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 12.37
DISH Per share dataDISH EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 -20

4.3 Compensation for Growth

The decent profitability rating of DISH may justify a higher PE ratio.
A cheap valuation may be justified as DISH's earnings are expected to decrease with -31.35% in the coming years.
PEG (NY)N/A
PEG (5Y)0.44
EPS Next 2Y-46.38%
EPS Next 3Y-31.35%

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0

5. Dividend

5.1 Amount

No dividends for DISH!.
Industry RankSector Rank
Dividend Yield N/A

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DISH NETWORK CORP-A

NASDAQ:DISH (12/29/2023, 8:00:01 PM)

After market: 5.73 -0.04 (-0.69%)

5.77

+0.11 (+1.94%)

Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)11-06 2023-11-06/bmo
Earnings (Next)02-21 2024-02-21/amc
Inst Owners0.23%
Inst Owner Change0%
Ins Owners4.36%
Ins Owner Change0%
Market Cap3.08B
Analysts70
Price Target6.76 (17.16%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-317.7%
Min EPS beat(2)-641.42%
Max EPS beat(2)6.02%
EPS beat(4)2
Avg EPS beat(4)-108.65%
Min EPS beat(4)-641.42%
Max EPS beat(4)204.48%
EPS beat(8)4
Avg EPS beat(8)-51.2%
EPS beat(12)7
Avg EPS beat(12)-26.2%
EPS beat(16)10
Avg EPS beat(16)-15.98%
Revenue beat(2)0
Avg Revenue beat(2)-2.09%
Min Revenue beat(2)-2.41%
Max Revenue beat(2)-1.77%
Revenue beat(4)0
Avg Revenue beat(4)-3.26%
Min Revenue beat(4)-4.5%
Max Revenue beat(4)-1.77%
Revenue beat(8)0
Avg Revenue beat(8)-3.09%
Revenue beat(12)2
Avg Revenue beat(12)-2.11%
Revenue beat(16)6
Avg Revenue beat(16)0.09%
PT rev (1m)-3.88%
PT rev (3m)-57.52%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-273.52%
EPS NY rev (1m)0%
EPS NY rev (3m)-72.38%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.29%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1%
Valuation
Industry RankSector Rank
PE 3.09
Fwd PE N/A
P/S 0.2
P/FCF N/A
P/OCF 1.16
P/B 0.17
P/tB N/A
EV/EBITDA 12.37
EPS(TTM)1.87
EY32.41%
EPS(NY)-0.52
Fwd EYN/A
FCF(TTM)-1.04
FCFYN/A
OCF(TTM)4.99
OCFY86.55%
SpS29.22
BVpS34.21
TBVpS-37.36
PEG (NY)N/A
PEG (5Y)0.44
Profitability
Industry RankSector Rank
ROA 2.27%
ROE 6.67%
ROCE 1.8%
ROIC 1.37%
ROICexc 1.41%
ROICexgc 7.6%
OM 5.53%
PM (TTM) 7.81%
GM 28.19%
FCFM N/A
ROA(3y)4.67%
ROA(5y)4.67%
ROE(3y)13.72%
ROE(5y)14.32%
ROIC(3y)5.42%
ROIC(5y)5.52%
ROICexc(3y)6.09%
ROICexc(5y)6.14%
ROICexgc(3y)119.22%
ROICexgc(5y)N/A
ROCE(3y)7.1%
ROCE(5y)7.23%
ROICexcg growth 3Y-75.81%
ROICexcg growth 5YN/A
ROICexc growth 3Y-13.77%
ROICexc growth 5Y-11.86%
OM growth 3Y-5.77%
OM growth 5Y-2.55%
PM growth 3Y8.1%
PM growth 5Y-1.09%
GM growth 3Y2.16%
GM growth 5Y2.41%
F-Score4
Asset Turnover0.29
Health
Industry RankSector Rank
Debt/Equity 1.1
Debt/FCF N/A
Debt/EBITDA 10.8
Cap/Depr 321.11%
Cap/Sales 20.65%
Interest Coverage 0.79
Cash Conversion 142.88%
Profit Quality N/A
Current Ratio 0.54
Quick Ratio 0.44
Altman-Z 0.69
F-Score4
WACC5.22%
ROIC/WACC0.26
Cap/Depr(3y)590.08%
Cap/Depr(5y)383.93%
Cap/Sales(3y)25.44%
Cap/Sales(5y)16.77%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-37.87%
EPS 3Y11.77%
EPS 5Y7.01%
EPS Q2Q%-140%
EPS Next Y-93.68%
EPS Next 2Y-46.38%
EPS Next 3Y-31.35%
EPS Next 5Y-16.04%
Revenue 1Y (TTM)-8.58%
Revenue growth 3Y9.2%
Revenue growth 5Y2.99%
Sales Q2Q%-9.55%
Revenue Next Year-8.18%
Revenue Next 2Y-5.52%
Revenue Next 3Y-3.78%
Revenue Next 5Y-2.46%
EBIT growth 1Y-63.78%
EBIT growth 3Y2.9%
EBIT growth 5Y0.37%
EBIT Next Year-23.61%
EBIT Next 3Y-5.99%
EBIT Next 5Y8.2%
FCF growth 1Y-124.1%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-30.75%
OCF growth 3Y5.11%
OCF growth 5Y2.15%