(GSAT) Globalstar - Ratings and Ratios

Exchange: NYSE MKT • Country: United States • Currency: USD • Type: Common Stock • ISIN: US3789734080

Satellite Voice, Data Modems, IoT Trackers, Emergency Beacons, Asset Tags

Stock: Alternative Carriers
Age 19.2y

MCap 7,964m
Avg Vol 686K (42.4M USD)

Beta 1.419
Volatility 72.76%

EPS (Earnings per Share)

EPS CAGR: 5.40%
EPS Trend: 20.6%

Last SUE: 0.86
Qual. Beats: 2

Revenue

Rev. CAGR: 22.52%
Rev. Trend: 90.7%

Last SUE: 1.02
Qual. Beats: 1

Dividends

Currently no dividends paid

Risk via 5d forecast
Volatility	72.8%
Value at Risk 5%th	106%
Relative Tail Risk	-11.26%

Reward TTM
Sharpe Ratio	1.42
Alpha	101.83
CAGR/Max DD	0.94

Character TTM
Hurst Exponent	0.347
Beta	1.419
Beta Downside	1.055

Drawdowns 3y
Max DD	50.72%
Mean DD	24.30%
Median DD	23.26%

Description: GSAT Globalstar January 10, 2026

Globalstar (NYSE MKT: GSAT) operates a low-Earth-orbit (LEO) satellite network that delivers two-way voice and data services across North America, Europe, Central and South America, and other international markets. Its product portfolio spans consumer-grade SPOT devices (e.g., SPOT X, Gen 4, Trace) for emergency alerts, commercial IoT modules for asset tracking (cargo containers, rail cars, utility meters, oil-and-gas equipment), and satellite-enabled hardware-software solutions for enterprise customers.

Revenue has been modest but growing; FY 2023 reported ≈ $277 million, a 12 % YoY increase driven largely by expanding IoT contracts in the oil-and-gas and logistics sectors. The company currently operates 24 LEO satellites, with a second-generation constellation slated for launch in 2025 that promises higher bandwidth and lower latency-key factors for winning new enterprise contracts.

Key economic drivers include rising demand for resilient connectivity in remote operations, heightened regulatory focus on emergency communications, and the broader LEO-satellite market’s projected CAGR of ~15 % through 2030. Competitive pressure from larger constellations (e.g., Iridium, SpaceX’s Starlink) creates pricing pressure, making Globalstar’s niche focus on low-cost, low-data-rate IoT solutions a strategic differentiator.

Assuming the new constellation meets its performance targets and the company can convert its growing pipeline into multi-year contracts, the implied enterprise value could trade at a forward EV/EBITDA multiple of 5-7×-still below the sector median of ~9×, suggesting a potential valuation gap. However, cash burn remains a risk; GSAT reported a net loss of $112 million in FY 2023 and holds $250 million in cash, enough for roughly 18 months of operating expenses under current cost structures.

For a deeper dive into GSAT’s valuation metrics and scenario analysis, you may find ValueRay’s research platform useful.

Piotroski VR‑10 (Strict, 0-10) 6.0

Net Income: -49.9m TTM > 0 and > 6% of Revenue
FCF/TA: 0.12 > 0.02 and ΔFCF/TA 6.19 > 1.0
NWC/Revenue: 92.53% < 20% (prev 4.39%; Δ 88.14% < -1%)
CFO/TA 0.36 > 3% & CFO 786.4m > Net Income -49.9m
Net Debt (226.0m) to EBITDA (103.2m): 2.19 < 3
Current Ratio: 2.53 > 1.5 & < 3
Outstanding Shares: last quarter (126.7m) vs 12m ago -33.67% < -2%
Gross Margin: 57.16% > 18% (prev 0.67%; Δ 5649 % > 0.5%)
Asset Turnover: 17.03% > 50% (prev 26.33%; Δ -9.30% > 0%)
Interest Coverage Ratio: 0.46 > 6 (EBITDA TTM 103.2m / Interest Expense TTM 29.7m)

Altman Z'' -3.65

A: 0.11 (Total Current Assets 401.0m - Total Current Liabilities 158.4m) / Total Assets 2.16b
B: -0.98 (Retained Earnings -2.13b / Total Assets 2.16b)
C: 0.01 (EBIT TTM 13.7m / Avg Total Assets 1.54b)
D: -1.18 (Book Value of Equity -2.12b / Total Liabilities 1.80b)
Altman-Z'' Score: -3.65= D

Beneish M -3.28

DSRI: 0.56 (Receivables 26.0m/43.0m, Revenue 262.2m/241.6m)
GMI: 1.18 (GM 57.16% / 67.34%)
AQI: 1.48 (AQ_t 0.22 / AQ_t-1 0.15)
SGI: 1.09 (Revenue 262.2m / 241.6m)
TATA: -0.39 (NI -49.9m - CFO 786.4m) / TA 2.16b)
Beneish M-Score: -3.28 = AA

ValueRay F-Score (Strict, 0-100) 47.58

1. Piotroski: 6.0pt
2. FCF Yield: 3.25%
3. FCF Margin: data missing
4. Debt/Equity: 1.57
5. Debt/Ebitda: 2.19
6. ROIC - WACC: -9.24%
7. RoE: -13.98%
8. Revenue Trend: 90.68%
9. EPS Trend: 20.59%

What is the price of GSAT shares?

As of January 23, 2026, the stock is trading at USD 65.67 with a total of 712,198 shares traded.
Over the past week, the price has changed by +4.59%, over one month by -1.44%, over three months by +56.13% and over the past year by +125.67%.

Is GSAT a buy, sell or hold?

Globalstar has received a consensus analysts rating of 5.00. Therefore, it is recommended to buy GSAT.

Strong Buy: 2
Buy: 0
Hold: 0
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the GSAT price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	65.7	0%
Analysts Target Price	65.7	0%
ValueRay Target Price	78.3	19.2%

GSAT Fundamental Data Overview January 17, 2026

P/S = 30.3742
P/B = 22.0874
P/EG = -0.75
Revenue TTM = 262.2m USD
EBIT TTM = 13.7m USD
EBITDA TTM = 103.2m USD
Long Term Debt = 485.1m USD (from longTermDebt, last quarter)
Short Term Debt = 31.0m USD (from shortTermDebt, last quarter)
Debt = 572.3m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 226.0m USD (from netDebt column, last quarter)
Enterprise Value = 8.19b USD (7.96b + Debt 572.3m - CCE 346.3m)
Interest Coverage Ratio = 0.46 (Ebit TTM 13.7m / Interest Expense TTM 29.7m)
EV/FCF = 30.79x (Enterprise Value 8.19b / FCF TTM 266.0m)
FCF Yield = 3.25% (FCF TTM 266.0m / Enterprise Value 8.19b)
FCF Margin = 101.5% (FCF TTM 266.0m / Revenue TTM 262.2m)
Net Margin = -19.04% (Net Income TTM -49.9m / Revenue TTM 262.2m)
Gross Margin = 57.16% ((Revenue TTM 262.2m - Cost of Revenue TTM 112.3m) / Revenue TTM)
Gross Margin QoQ = 35.92% (prev 66.70%)
Tobins Q-Ratio = 3.79 (Enterprise Value 8.19b / Total Assets 2.16b)
Interest Expense / Debt = 1.93% (Interest Expense 11.0m / Debt 572.3m)
Taxrate = 21.0% (US default 21%)
NOPAT = 10.8m (EBIT 13.7m * (1 - 21.00%))
Current Ratio = 2.53 (Total Current Assets 401.0m / Total Current Liabilities 158.4m)
Debt / Equity = 1.57 (Debt 572.3m / totalStockholderEquity, last quarter 364.8m)
Debt / EBITDA = 2.19 (Net Debt 226.0m / EBITDA 103.2m)
Debt / FCF = 0.85 (Net Debt 226.0m / FCF TTM 266.0m)
Total Stockholder Equity = 357.2m (last 4 quarters mean from totalStockholderEquity)
RoA = -3.24% (Net Income -49.9m / Total Assets 2.16b)
RoE = -13.98% (Net Income TTM -49.9m / Total Stockholder Equity 357.2m)
RoCE = 1.62% (EBIT 13.7m / Capital Employed (Equity 357.2m + L.T.Debt 485.1m))
RoIC = 1.25% (NOPAT 10.8m / Invested Capital 860.8m)
WACC = 10.50% (E(7.96b)/V(8.54b) * Re(11.14%) + D(572.3m)/V(8.54b) * Rd(1.93%) * (1-Tc(0.21)))
Discount Rate = 11.14% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -17.86%
[DCF Debug] Terminal Value 59.88% ; FCFF base≈182.0m ; Y1≈119.5m ; Y5≈54.5m
Fair Price DCF = 4.12 (EV 748.9m - Net Debt 226.0m = Equity 522.9m / Shares 126.8m; r=10.50% [WACC]; 5y FCF grow -40.0% → 2.90% )
[DCF Warning] FCF declining rapidly (-40.0%), DCF may be unreliable
EPS Correlation: 20.59 | EPS CAGR: 5.40% | SUE: 0.86 | # QB: 2
Revenue Correlation: 90.68 | Revenue CAGR: 22.52% | SUE: 1.02 | # QB: 1
EPS next Quarter (2026-03-31): EPS=0.08 | Chg30d=N/A | Revisions Net=+0 | Analysts=1
EPS next Year (2026-12-31): EPS=0.43 | Chg30d=N/A | Revisions Net=-1 | Growth EPS=+25.6% | Growth Revenue=+12.0%

Additional Sources for GSAT Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle