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RISK CONCERN
Investment Strategy, Risk Analysis, and Insights by Chartered Professionals
Dish Network Corporation (XNAS:DISH) In-Depth Stock/Fundamental/Options Analysis Today
Primary Facts
DISH
Name:
DISH NETWORK CORPORATION (XNAS:DISH)
Sector:
- 7397704.00K
Industry:
Entertainment
CEO:
Mr. W. Erik Carlson
Total Employees:
14,500
Our Technological Advancement Rating
Our Rating:
D
Technological advancement compared to industry is -75.34% lower
ANALYSIS OF ALL CRITICAL FACTORS & RISKS RELATED TO THE STOCK & FUNDAMENTAL/LONG-TERM ANALYSIS OF DISH NETWORK CORPORATION(DISH) AS PER DATA ANALYSIS OF LAST 3 YEARS AND COMPARISON WITH COMPETITORS/PEERS, AND ENTERTAINMENT INDUSTRY. DATE: 07/09/2022
Primary Targets/Price Insights
Previous Close ($) :
17.01
One Month Price Target:
$17.18
Six Month Price Target :
$18.04
Likely Price in One Year's Time:
Ticker:
$19.08
Likely Trading Range Today Under (Normal Volatility)
$16.9
Price Upper limit ($) :
$17.1
Price Lower limit ($) :
Crash Risk Prep/Key Price Levels (High Volatility/Risk)
Price, as per data analysis, isn't likely to fall below:
Today:
$15.81
This week:
$14.32
This month :
$11.64
Other Primary facts
Market Cap:
8.83B
Market Cap Classification:
Mid Cap
Number of Shares
IPO Date:
530.30M
Best/Worst Daily Performance (Last 3+ Years)
Highest Daily Appreciation:
16.7%
-19.72%
Worst Daily Decline:
Our Options Trading Entry Points
Iron Condor entry points for options expiring in 1 week's time
Low risk (<2%) entry points
Buy Call:
Sell Call:
Buy Put:
Sell Put:
$22.59
$20.07
$11.43
$13.95
Medium risk (<10%) entry points
Buy Call
Sell Call
$19.25
Buy Put:
Sell Put:
$18.71
$14.76
$15.31
These entry points can be used for other strategies, such as butterflies, straddles, etc.
Risk-Adjusted returns (Sharpe Ratio) of
DISH
Sharpe Ratio:
-1.46%
Comparison:
DISH, is amongst the top 40% stocks with lowest risk-adjusted returns
Sharpe ratio is -556.09% lower than the industry
& is -163.89% lower than the market/S&P 500 average
Average Returns/Yield of
DISH
Daily returns:
-0.04%
Weekly returns:
-0.20%
Monthly returns:
-0.82%
Yearly returns:
6.78%
Comparison of returns:
Average annual returns/yield (last 3 years) is -244.95% below industry average
Classification:
DISH, is amongst the top 40% lowest yielding stocks in terms of daily returns
Results of T-Test of Returns:
0.31
Statistical test of Returns:
DISH has yielded returns statistically similar to the market
Volatility (measured by Standard Deviation)
Daily Volatility:
3.42%
Weekly Volatility:
7.65%
Monthly Volatility:
15.30%
Yearly Volatility:
52.99%
Volitlilty of last five days (Measured by Standard Deviation)
Average Volatility of this Week:
3.10%
Volatility in last five trading days has been -9.34% below long-term volatility
Value at Risk Analysis (VaR)
Daily VaR:
-7.07%
Weekly VaR:
-15.80%
Monthly VaR:
-31.60%
How Much Can the price of
DISH
Decline in a Recession?
Likely price decline in a recession:
Base case (decline):
-28%
Worst case (decline):
>85%
This translates to price declining to:
$12.18
This translates to price declining to:
$2.55
Severe Crash Probability
Risk of crash in next 6/12 months: Low (<25%)
What is Value at Risk (VaR)?
Risk Fundamentals
DISH is a 123.01% riskier investment compared to the market/S&P 500 & is 91.05% riskier than Nasdaq (IXIC)
Risk (measured by volatility) is 0.13% above industry average
Overall, it is amongst the top 50% most risky stocks
Beta Examination of
DISH
Beta in relation to market/S&P 500--1.81
Expected beta in 1 year's time:
1.321
Expected beta in 3 year's time:
1.868
Unlevered (debt free) Beta:
0.929
Beta in relation to Nasdaq (XNAS):
1.117
Beta in relation to all global stocks::
1.102
Beta Comparison & Analysis
Beta of competitors/peers::
1.168
Beta is 54.97% higher than peers
Average Industry Beta:
1.34
Beta is 35.12% above industry average
Sustainable Growth Rate Analysis
Sustainable growth rate for this stock/firm:
18.26%
Sustainable growth rate is -48.72% below industry average
Alpha provided | Alpha Analysis
Alpha provided:
-0.254
Alpha is 357.54% above industry average alpha yield
Alpha is -1616% below the market average
Analysis of Cost of Capital of
DISH
Equity cost of capital:
0.156
Equity cost of capital is 26.15% above industry mean WACC
Unlevered (without debt) cost of capital:
7.98%
Before-tax cost of debt:
0.07%
After-tax cost of debt:
0.06%
Overall debt rating:
Highest AAA investment grade
Weighted average cost of capital (WACC):
0.06%
WACC is -5.50% below industry mean WACC
Key Per-Share Metrics & Analysis
Revenue per share:
$33.40
Revenue growth rate per share of (3Y):
0.56
Annual revenue growth rate is -34.62% below industry average
EPS:
$3.48
Expected Annual growth rate of EPS (3Y):
9.08%
Expected future EPS growth rate is -71.28% lower than the Entertainment industry
Free cash flow (FCF) per share:
-
-
-
Debt per share
$37.33
EBITDA per share
$6.85
Valuation Analysis Today of
DISH
P/E Ratio:
5.25
P/E Ratio of Competitors/Peers:
36.3
P/E ratio is -85.54% lower than main peers & is -80.58% lower than the industry
Stock price/value with industry average P/E ratio: $94.07
DISH is -81.92% undervalued if valued using industry average P/E ratio
-
-
P/S (Price to Sales ratio):
0.51
Price to sales ratio is -80.76% below the industry mean
P/B (Price to book value ratio):
0.56
-
Price to free cash flow ratio is -77.01% lower than the industry
Net income growth rate (3Y):
35.94%
Net income growth rate is -117.45% lower than the industry average net income growth rate
Dividend Analysis
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Dividend History:
--$0.00
--$0.00
--$0.00
--$0.00
--$0.00
--$0.00
-
In-depth Debt & Leverage Analysis
Debt to equity ratio:
123.89%
Net debt to equity ratio:
129.38%
Debt to assets ratio:
40.24%
Net debt to assets ratio:
42.02%
Debt-to-asset ratio is -43.48% below industry average
Ability to repay debt:
Interest coverage ratio:
214.89
Interest coverage ratio is 188.87% more than industry average
Looking forward:
Debt growth rate:
45.07%
Annual debt growth is -88% lower than industry average debt growth rate
Debt repayment rate in last quarter: 0.04%
Analysis of Key Statistics
Correlation of price movement with the market:
0.654
Statistical significance of correlation:
DISH has a statistically significant correlation with the market
Average Correlation of the industry with the market:
0.508
Stock price is 28.54% more correlated with the market, compared to the industry average correlation
R Squared (percentage of price movement explained by movement of the market):
0.508
Correlation of price movement with Nasdaq (^IXIC):
0.003
Covariance of price movement with the market:
0.005
Kurtosis
6.506
Returns have a significant fat-tails (leptokurtic), i.e., returns considerably higher or lower than the mean returns are more probable, compared to assets with normally distributed returns
Skewness of returns:
-0.434
Returns are, approximately, symmetrical
Fundamental Analysis & Dupont Analysis of
DISH
Gross Profit Margin Ratio:
134%
Operating Profit Margin Ratio:
16.31%
Operating profit margin is 147.11% higher than the industry
Net Profit Margin Ratio:
134%
Effective Tax Rate:
23.40%
Effective tax rate is 50.82% higher than the industry
Dupont Method
Net Profit Margin
Return on Equity Ratio (ROE):
×
ROA
=
×
13.85%
Return on equity (ROE) is -73.18% lower than the industry
Financial Leverage
Asset Turnover Ratio (ROA):
4.50%
Return on assets (ROA) is 3.89% higher than the industry
Financial Leverage:
1.7x
Current Ratio:
0.66
Current ratio is -59.80% below industry average
Cash Conversion Cycle (days):
-3
Cash conversion cycle is -106.27% below industry average
The remaining useful life of property plant & equipment is: 4.0 years
Stock based compensation to net income ratio:
0.69%
In-depth Efficiency Analysis
Revenue generated per employee:
1.2M
Each employee generates 26% more revenue than industry average revenue per employee
EBITDA generated per employee:
250.5K
Each employee generates -28% less EBITDA than industry average revenue per employee
Profit generated per employee:
152.6K
Each employee generates 33% more net income/profit than industry average revenue per employee
Free cash flow (FCF) generated per employee:
- 510.2K
Each employee generates 1455749% more free cash flow than industry average revenue per employee
Assets/Capital per employee
3.0M
Each employee generates 1455749% more free cash flow than industry average revenue per employee
Research & Development (R&D) Analysis
-
-
Competitors/Peer firms of
DISH
LIBERTY MEDIA CORPORATION (XNAS:LSXMA)
LIBERTY MEDIA CORPORATION (XNAS:LSXMK)
LIBERTY MEDIA CORPORATION (XNAS:LSXMB)
Yandex NV (XNAS:YNDX)
WARNER MUSIC GROUP CORP. (XNAS:WMG)
LIBERTY GLOBAL PLC (XNAS:LBTYB)
LIBERTY GLOBAL PLC (XNAS:LBTYA)
LIBERTY GLOBAL PLC (XNAS:LBTYK)
DISCOVERY, INC. (XNAS:DISCB)
Current Analyst Ratings
Strong buy�13%
Buy�33%
Hold�38%
Sell�13%
Strong sell�0%
Overall analyst sentiment is: Hold
Income Statement
Period:
TTM
Date:
3/31/22
Revenue:
17.71B
Cost of Revenue:
Gross Profit:
R&D Expense
General & Admin Expenses:
Selling, General & Admin Expenses
Sales and Marketing Expenses
Other Expenses :
Operating Expenses :
Cost & Expenses :
Interest Income:
Interest Expenses:
Depreciation & Amortization:
EBITDA:
Operating Income:
Other Income Expenses:
Income Before Tax:
Income Tax Expense:
Net Income:
Balance Sheet
Date:
Calendar Year:
Period:
Cash & Cash Equivalents:
Short Term Investments:
Cash & Short Term Investments:
Net Receivables:
Inventory:
Other Current Assets:
Total Current Assets:
PP&E:
Goodwill:
Intangible Assets:
Long Term Investments:
Tax Assets:
Other Non-Current Assets:
Total Non-Current Assets:
Other Assets:
Total Assets:
Accounts Payable:
Short Term Debt:
Tax Payables:
Deferred Revenue:
Other Current Liabilities:
Total Current Liabilities:
Long Term Debt:
Other Non-Current Liabilities:
Total Non Current Liabilities:
Other Liabilities:
Total Liabilities:
Common Stock:
Retained Earnings:
Accumulated Other Comprehensive Loss:
Other Total Stockholders' Equity:
Total Stockholders' Equity:
Total Liabilities and Stockholders' Equity:
Total Investments:
Total Debt:
Net Debt:
11.76B
5.95B
-
-
2.35B
-
710.81M
3.06B
14.22M
16.90M
710.81M
3.63B
2.89B
2.21B
2.95B
691.27M
2.21B
Statement of Cash Flow
Date:
Period:
176.34M
Differed Income Tax :
122.39M
Stock Based Compensation :
15.29M
Change in Working Capital :
- 73271.00K
Accounts Receivables:
-
Other Working Capital:
-
Other Non-Cash Items:
15.76M
Net Cash Provided by Operating Activities:
705.34M
Investments in PP&E:
- 629374.00K
Net Acquisitions:
-
Purchases of Investments:
- 55200.00K
Sales/Maturities of Investments:
Other Investing Activities:
Net Cash Used for Investing Activities:
Debt Repayment:
Common Stock Issued:
Common Stock Repurchased:
Dividend Paid:
Other Financing Activities:
Net Cash Used Provided by Financing Activities:
Effect of FOREX on Changes in Cash:
Net Changes in Cash:
Cash at End of Period:
Cash at Beginning of Period:
Operating Cash Flow:
Capital Expenditure:
Free Cash Flow (FCF):
3/31/22
2022
Q1
2.70B
538.78M
3.24B
1.09B
536.89M
433.72M
5.30B
5.84B
-
29.52B
141.05M
-
8.40B
43.91B
-
49.20B
941.50M
3.57B
-
717.13M
2.82B
8.05B
19.80B
411.26M
25.17B
-
33.22B
5.29M
11.22B
58.0K
-
March 31, 2022 at 6:00:00 AM
14.83B
15.98B
49.20B
679.82M
23.37B
20.7B
2.51B
- 7470326.00K
- 5642626.00K
- 6993.00K
-
-
-
9.04M
2.05M
-
- 4935231.00K
2.80B
7.73B
705.34M
- 8103048.00K
- 7397704.00K
Our Proprietary Portfolio Rating
Our Rating:
B
Price Forecast/Expected Price in Next 5 Years of
DISH
2023
2024
2025
2026
2027
$19.18
$57.61
$64.62
$72.48
$81.30