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39.09 (1y: +39%)
Market Cap 17.65 B P/E(ttm) 36.10
Enterprise Value 22.44 B P/B 488.70
DISH- NAS (USA)
DISH Network Corp
  • Currently 1/5
Business Predictability Rank: 1-Star (On Watch)
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$39.09
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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry		 vs
history
Cash to Debt 0.609
DISH's Cash to Debt is ranked higher than
75% of the 755 Companies
in the Global Pay TV industry.

( Industry Median: 0.31 vs. DISH: 0.609 )
DISH' s 10-Year Cash to Debt Range
Min: 0.11   Max: 0.61
Current: 0.61
0.11
0.61
Equity to Asset 0.002
DISH's Equity to Asset is ranked higher than
54% of the 755 Companies
in the Global Pay TV industry.

( Industry Median: 0.38 vs. DISH: 0.002 )
DISH' s 10-Year Equity to Asset Range
Min: -0.35   Max: 0.06
Current: 0
-0.35
0.06
Interest Coverage 2.8
DISH's Interest Coverage is ranked higher than
68% of the 755 Companies
in the Global Pay TV industry.

( Industry Median: 4.00 vs. DISH: 2.8 )
DISH' s 10-Year Interest Coverage Range
Min: 1   Max: 7
Current: 2.8
1
7
F-Score: 5
Z-Score: 1.77
M-Score: -2.48
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry		 vs
history
Operating margin (%) 8.60
DISH's Operating margin (%) is ranked higher than
72% of the 755 Companies
in the Global Pay TV industry.

( Industry Median: 10.60 vs. DISH: 8.60 )
DISH' s 10-Year Operating margin (%) Range
Min: -21.7   Max: 20.8
Current: 8.6
-21.7
20.8
Net-margin (%) 4.5
DISH's Net-margin (%) is ranked higher than
73% of the 755 Companies
in the Global Pay TV industry.

( Industry Median: 5.30 vs. DISH: 4.5 )
DISH' s 10-Year Net-margin (%) Range
Min: -49.5   Max: 18
Current: 4.5
-49.5
18
ROE (%) 1727
DISH's ROE (%) is ranked higher than
100% of the 755 Companies
in the Global Pay TV industry.

( Industry Median: 8.60 vs. DISH: 1727 )
DISH' s 10-Year ROE (%) Range
Min: 118.1   Max: 1727
Current: 1727
118.1
1727
ROA (%) 3.7
DISH's ROA (%) is ranked higher than
74% of the 755 Companies
in the Global Pay TV industry.

( Industry Median: 3.50 vs. DISH: 3.7 )
DISH' s 10-Year ROA (%) Range
Min: -20.3   Max: 20.4
Current: 3.7
-20.3
20.4
ROC (Joel Greenblatt) (%) 43.10
DISH's ROC (Joel Greenblatt) (%) is ranked higher than
88% of the 755 Companies
in the Global Pay TV industry.

( Industry Median: 17.00 vs. DISH: 43.10 )
DISH' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -46.8   Max: 173
Current: 43.1
-46.8
173
Revenue Growth (%) 4.9
DISH's Revenue Growth (%) is ranked higher than
86% of the 755 Companies
in the Global Pay TV industry.

( Industry Median: 0.00 vs. DISH: 4.9 )
DISH' s 10-Year Revenue Growth (%) Range
Min: 3.9   Max: 27
Current: 4.9
3.9
27
EBITDA Growth (%) -1.6
DISH's EBITDA Growth (%) is ranked higher than
55% of the 755 Companies
in the Global Pay TV industry.

( Industry Median: 0.00 vs. DISH: -1.6 )
DISH' s 10-Year EBITDA Growth (%) Range
Min: -1.6   Max: 25.8
Current: -1.6
-1.6
25.8
EPS Growth (%) -0.2
DISH's EPS Growth (%) is ranked higher than
58% of the 755 Companies
in the Global Pay TV industry.

( Industry Median: 0.00 vs. DISH: -0.2 )
DISH' s 10-Year EPS Growth (%) Range
Min: -16.8   Max: 38.2
Current: -0.2
-16.8
38.2
» DISH's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

DISH Guru Trades in Q2 2012

Ray Dalio 7,609 sh (New)
George Soros 4,440,251 sh (+114.86%)
Jim Simons 2,561,479 sh (+71.6%)
Leon Cooperman 3,246,592 sh (+35.72%)
John Hussman 2,000,000 sh (+33.33%)
Murray Stahl 3,575,531 sh (+8.13%)
Mario Gabelli 4,119,168 sh (+0.46%)
Daniel Loeb 2,000,000 sh (unchged)
Dodge & Cox 12,980,400 sh (-4.43%)
Joel Greenblatt 33,096 sh (-69.33%)
Steven Cohen 45,478 sh (-87.29%)
Jeremy Grantham 10,700 sh (-88.24%)
Louis Moore Bacon 30,000 sh (-94.87%)
» More
Q3 2012

DISH Guru Trades in Q3 2012

Steven Cohen 1,471,072 sh (+3134.69%)
Leon Cooperman 4,513,893 sh (+39.03%)
John Hussman 2,000,000 sh (unchged)
Daniel Loeb Sold Out
Louis Moore Bacon Sold Out
Ray Dalio Sold Out
Jeremy Grantham Sold Out
Mario Gabelli 4,039,893 sh (-1.92%)
Murray Stahl 3,501,186 sh (-2.08%)
Dodge & Cox 12,563,050 sh (-3.22%)
Jim Simons 2,358,300 sh (-7.93%)
George Soros 3,988,857 sh (-10.17%)
Joel Greenblatt 25,225 sh (-23.78%)
» More
Q4 2012

DISH Guru Trades in Q4 2012

Jim Simons 2,504,100 sh (+6.18%)
Joel Greenblatt Sold Out
George Soros Sold Out
Murray Stahl 3,471,402 sh (-0.85%)
Dodge & Cox 12,014,917 sh (-4.36%)
Mario Gabelli 3,840,603 sh (-4.93%)
John Hussman 1,700,000 sh (-15%)
Leon Cooperman 3,697,271 sh (-18.09%)
Steven Cohen 684,988 sh (-53.44%)
» More
Q1 2013

DISH Guru Trades in Q1 2013

George Soros 457,025 sh (New)
Bruce Kovner 150,000 sh (New)
Steven Cohen 901,650 sh (+31.63%)
Jim Simons 2,655,979 sh (+6.07%)
Murray Stahl 3,480,204 sh (+0.25%)
Mario Gabelli 3,841,308 sh (+0.02%)
Dodge & Cox 11,672,634 sh (-2.85%)
Leon Cooperman 3,199,971 sh (-13.45%)
John Hussman 1,080,000 sh (-36.47%)
» More
» Details

Insider Trades

Latest Guru Trades with DISH

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
John Hussman 2013-03-31 Reduce -36.47%0.58%$34.19 - $38.02 $ 39.097%1080000
Leon Cooperman 2013-03-31 Reduce -13.45%0.34%$34.19 - $38.02 $ 39.097%3199971
George Soros 2013-03-31 New Buy0.2%$34.19 - $38.02 $ 39.097%457025
George Soros 2012-12-31 Sold Out 2%$30.69 - $37.68 $ 39.0911%0
Joel Greenblatt 2012-12-31 Sold Out 0.05%$30.69 - $37.68 $ 39.0911%0
Daniel Loeb 2012-09-30 Sold Out 1.7%$26.28 - $33.15 $ 39.0928%0
Leon Cooperman 2012-09-30 Add 39.03%0.79%$26.28 - $33.15 $ 39.0928%4513893
Joel Greenblatt 2012-09-30 Reduce -23.78%0.02%$26.28 - $33.15 $ 39.0928%25225
Ray Dalio 2012-09-30 Sold Out 0.0032%$26.28 - $33.15 $ 39.0928%0
George Soros 2012-06-30 Add 114.86%0.96%$26.77 - $33.31 $ 39.0931%4440251
Leon Cooperman 2012-06-30 Add 35.72%0.55%$26.77 - $33.31 $ 39.0931%3246592
John Hussman 2012-06-30 Add 33.33%0.27%$26.77 - $33.31 $ 39.0931%2000000
Joel Greenblatt 2012-06-30 Reduce -69.33%0.21%$26.77 - $33.31 $ 39.0931%33096
Ray Dalio 2012-06-30 New Buy$26.77 - $33.31 $ 39.0931%7609
Premium More recent guru trades are included for Premium Members only!!
» Financial Charts

Peter Lynch Chart

Guru Investment Theses on DISH Network Corp

Horizon Kinetics Comments on Dish Network - Oct 18, 2012

From the third quarter commentary of Murray Stahl's Horizon Kinetics:

Dish Network (“Dish”) (DISH), the satellite TV company, with a stock market value of over $14 billion, is more than 50%-owned by founder Charles Ergen and his family. It trades at 13x so-called consensus earnings estimates for 2013. The company has been engaged in some activities other than satellite TV as well, but these do not as yet contribute to earnings. One of these activities has been the acquisition of broadband radio spectrum. Since 2008, Dish has made at least three significant spectrum-related acquisitions totaling $3.5 billion or more. We are immeasurably less qualified than Charles Ergen to determine the wisdom of this allocation of capital, but do presume that with $7 billion of his own capital at risk in this company, he is making the best decisions he can. One may infer that he believes that wireless spectrum is valuable.
Check out Murray Stahl latest stock trades

Top Ranked Articles about DISH Network Corp

Horizon Kinetics Comments on Dish Network
October 18, 2012
From the third quarter commentary of Murray Stahl's Horizon Kinetics: Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 36.10
DISH's P/E(ttm) is ranked higher than
57% of the 558 Companies
in the Global Pay TV industry.

( Industry Median: 15.50 vs. DISH: 36.10 )
DISH' s 10-Year P/E(ttm) Range
Min: 4.39   Max: 178.23
Current: 36.1
4.39
178.23
P/B 488.70
DISH's P/B is ranked lower than
54% of the 640 Companies
in the Global Pay TV industry.

( Industry Median: 2.13 vs. DISH: 488.70 )
DISH' s 10-Year P/B Range
Min: 20.11   Max: 488.7
Current: 488.7
20.11
488.7
P/S 1.25
DISH's P/S is ranked higher than
74% of the 693 Companies
in the Global Pay TV industry.

( Industry Median: 1.36 vs. DISH: 1.25 )
DISH' s 10-Year P/S Range
Min: 0.36   Max: 17.01
Current: 1.25
0.36
17.01
PFCF 24.60
DISH's PFCF is ranked higher than
62% of the 528 Companies
in the Global Pay TV industry.

( Industry Median: 13.97 vs. DISH: 24.60 )
DISH' s 10-Year PFCF Range
Min: 2.99   Max: 2735.6
Current: 24.6
2.99
2735.6
EV-to-EBIT 20.4
DISH's EV-to-EBIT is ranked higher than
62% of the 575 Companies
in the Global Pay TV industry.

( Industry Median: 12.69 vs. DISH: 20.4 )
DISH' s 10-Year EV-to-EBIT Range
Min: 3.8   Max: 1380.5
Current: 20.4
3.8
1380.5
PEG 4
DISH's PEG is ranked higher than
63% of the 281 Companies
in the Global Pay TV industry.

( Industry Median: 2.07 vs. DISH: 4 )
DISH' s 10-Year PEG Range
Min: 0.16   Max: 20.84
Current: 4
0.16
20.84
Shiller P/E 18
DISH's Shiller P/E is ranked lower than
100% of the Companies
in the Global Pay TV industry.

( Industry Median: vs. DISH: 18 )
DISH' s 10-Year Shiller P/E Range
Min: 5.21   Max: 409.44
Current: 18
5.21
409.44

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 18.8
DISH's Price/Net Current Asset Value is ranked higher than
74% of the 527 Companies
in the Global Pay TV industry.

( Industry Median: 17.60 vs. DISH: 18.8 )
DISH' s 10-Year Price/Net Current Asset Value Range
Min: 5.5   Max: 45.7
Current: 18.8
5.5
45.7
Price/DCF (Projected) 1.5
DISH's Price/DCF (Projected) is ranked higher than
69% of the 361 Companies
in the Global Pay TV industry.

( Industry Median: 0.90 vs. DISH: 1.5 )
DISH' s 10-Year Price/DCF (Projected) Range
Min: 0.8   Max: 7.8
Current: 1.5
0.8
7.8
Price/Median PS Value 0.8
DISH's Price/Median PS Value is ranked higher than
80% of the 626 Companies
in the Global Pay TV industry.

( Industry Median: 1.00 vs. DISH: 0.8 )
DISH' s 10-Year Price/Median PS Value Range
Min: 0.3   Max: 2.3
Current: 0.8
0.3
2.3
Earnings Yield (Greenblatt) 4.90
DISH's Earnings Yield (Greenblatt) is ranked higher than
71% of the 755 Companies
in the Global Pay TV industry.

( Industry Median: 6.10 vs. DISH: 4.90 )
DISH' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.1   Max: 26.2
Current: 4.9
0.1
26.2
Forward Rate of Return (Yacktman) 5.71
DISH's Forward Rate of Return (Yacktman) is ranked higher than
85% of the 755 Companies
in the Global Pay TV industry.

( Industry Median: 0.00 vs. DISH: 5.71 )
DISH' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -1.9   Max: 55.1
Current: 5.71
-1.9
55.1

Business Description

DISH Network Corp was organized in 1995 under the laws of the State of Nevada and started offering the DISH pay-TV service in March 1996. Its subsidiaries operate the DISH Network(r) direct broadcast satellite subscription television service in the United States. The Company has deployed substantial resources to develop the "DISH Network DBS System." The DISH Network DBS System consists of its licensed Federal Communications Commission authorized DBS and Fixed Satellite Service spectrum, its owned and leased satellites, receiver systems, third-party broadcast operations, customer service facilities, in-home service and call center operations and certain other assets utilized in its operations. DISH Network provide's programming which includes more than 230 basic video channels, 60 Sirius Satellite Radio music channels, 30 premium movie channels, 35 regional and specialty sports channels, 3200 standard definition and high definition local channels, 275 Latino and international channels, and 70 channels of pay-per-view content. Although the company distributes over 3,200 local channels, a subscriber typically may only receive the local channels available in the subscriber's home market. The principal digital broadcast operations centers the Company uses are EchoStar's facilities located in Cheyenne, Wyoming and Gilbert, Arizona. DISH Network also uses eight regional digital broadcast operations centers owned and operated by EchoStar. The Company's DISH Network programming is currently delivered to customers using satellites that operate in the "Ku" band portion of the microwave radio spectrum. The Company's conditional access system secures its programming content using encryption so that only paying customers can access its programming. The Company uses microchips embedded in credit card-sized access cards, called "smart cards," or security chips in its receiver systems to control access to authorized programming content. DISH Network faces substantial competition from established pay-TV providers and increasing competition from companies providing/facilitating the delivery of video content via the Internet, among other things, to computers, televisions, and mobile devices. On April 26, 2011, it completed the acquisition the assets of Blockbuster, Inc. It acquired Blockbuster operations in the United States and in certain foreign countries. Blockbuster primarily offers movies and video games for sale and rental through multiple distribution channels such as retail stores, by-mail, digital devices, the blockbuster.com website and the BLOCKBUSTER On Demand service.
Company Website
SEC Reports
Industry: Pay TV
Compare:CMCSA, TWC, NPSNY, BSYBY, LBTYA
Traded in other countries:EOT.Germany
» More Articles for DISH

Headlines

Articles On GuruFocus.com
DIRECTV – Exceptional Execution, Diligent Capital Allocation Apr 18 2013 
GAMCO's Chris Marangi Discusses Cable stocks Jan 04 2013 
Horizon Kinetics Comments on Dish Network Oct 18 2012 
Murray Stahl's Q3 Commentary from Horizon Kinetics Oct 18 2012 
comment on DISH Jul 01 2012 
comment on DISH Jun 30 2012 
WEEKLY CFO SELLS HIGHLIGHT: DISH, V, GCI, WTS, MCK May 28 2012 
Horizon Kinetics' First Quarter Commentary with Discussion on XOM, AAPL, QCOM, INTC, HPQ, HHC Apr 24 2012 
Weekly CFO Sells Highlight: DISH, LNKD, VRSK, BIDZ, LGF Apr 16 2012 
Netflix: A Strong 'Buy' For 2012 And Beyond Apr 01 2012 

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