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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 : 6/10

vs
industry
vs
history
Cash to Debt 0.37
IRDM's Cash to Debt is ranked higher than
76% of the 1049 Companies
in the Global Telecom Services industry.

( Industry Median: 0.33 vs. IRDM: 0.37 )
IRDM' s 10-Year Cash to Debt Range
Min: 0.24   Max: No Debt
Current: 0.37

Equity to Asset 0.42
IRDM's Equity to Asset is ranked higher than
79% of the 999 Companies
in the Global Telecom Services industry.

( Industry Median: 0.35 vs. IRDM: 0.42 )
IRDM' s 10-Year Equity to Asset Range
Min: 0.41   Max: 0.77
Current: 0.42

0.41
0.77
F-Score: 7
Z-Score: 0.91
M-Score: -2.86
WACC vs ROIC
5.20%
4.37%
WACC
ROIC
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 : 8/10

vs
industry
vs
history
Operating margin (%) 31.42
IRDM's Operating margin (%) is ranked higher than
98% of the 1056 Companies
in the Global Telecom Services industry.

( Industry Median: 11.89 vs. IRDM: 31.42 )
IRDM' s 10-Year Operating margin (%) Range
Min: -17.34   Max: 30.08
Current: 31.42

-17.34
30.08
Net-margin (%) 19.50
IRDM's Net-margin (%) is ranked higher than
96% of the 1056 Companies
in the Global Telecom Services industry.

( Industry Median: 5.81 vs. IRDM: 19.50 )
IRDM' s 10-Year Net-margin (%) Range
Min: -58.41   Max: 18.35
Current: 19.5

-58.41
18.35
ROE (%) 6.80
IRDM's ROE (%) is ranked higher than
77% of the 1001 Companies
in the Global Telecom Services industry.

( Industry Median: 11.59 vs. IRDM: 6.80 )
IRDM' s 10-Year ROE (%) Range
Min: -9.89   Max: 8.19
Current: 6.8

-9.89
8.19
ROA (%) 2.93
IRDM's ROA (%) is ranked higher than
78% of the 1063 Companies
in the Global Telecom Services industry.

( Industry Median: 3.99 vs. IRDM: 2.93 )
IRDM' s 10-Year ROA (%) Range
Min: -7.22   Max: 3.93
Current: 2.93

-7.22
3.93
ROC (Joel Greenblatt) (%) 7.13
IRDM's ROC (Joel Greenblatt) (%) is ranked higher than
72% of the 1058 Companies
in the Global Telecom Services industry.

( Industry Median: 19.77 vs. IRDM: 7.13 )
IRDM' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -6.56   Max: 10.93
Current: 7.13

-6.56
10.93
Revenue Growth (3Y)(%) -10.60
IRDM's Revenue Growth (3Y)(%) is ranked higher than
69% of the 934 Companies
in the Global Telecom Services industry.

( Industry Median: 1.70 vs. IRDM: -10.60 )
IRDM' s 10-Year Revenue Growth (3Y)(%) Range
Min: 0   Max: 51.6
Current: -10.6

0
51.6
EBITDA Growth (3Y)(%) -8.90
IRDM's EBITDA Growth (3Y)(%) is ranked higher than
74% of the 851 Companies
in the Global Telecom Services industry.

( Industry Median: -0.10 vs. IRDM: -8.90 )
IRDM' s 10-Year EBITDA Growth (3Y)(%) Range
Min: 0   Max: 223.5
Current: -8.9

0
223.5
EPS Growth (3Y)(%) 0.60
IRDM's EPS Growth (3Y)(%) is ranked higher than
81% of the 758 Companies
in the Global Telecom Services industry.

( Industry Median: 1.80 vs. IRDM: 0.60 )
IRDM' s 10-Year EPS Growth (3Y)(%) Range
Min: 0   Max: 141
Current: 0.6

0
141
» IRDM's 10-Y Financials

Financials


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

» Details

Guru Trades

Q2 2014

IRDM Guru Trades in Q2 2014

Jim Simons 117,699 sh (New)
Ron Baron 9,139,870 sh (New)
Paul Tudor Jones 43,100 sh (New)
Chuck Royce 2,391,489 sh (+9.25%)
Mario Gabelli 90,000 sh (unchged)
» More
Q3 2014

IRDM Guru Trades in Q3 2014

Jim Simons 248,699 sh (+111.30%)
Mario Gabelli 94,000 sh (+4.44%)
Chuck Royce 2,482,689 sh (+3.81%)
Ron Baron 9,190,510 sh (+0.55%)
Paul Tudor Jones 16,200 sh (-62.41%)
» More
Q4 2014

IRDM Guru Trades in Q4 2014

Paul Tudor Jones 43,055 sh (+165.77%)
Chuck Royce 2,689,189 sh (+8.32%)
Mario Gabelli 94,000 sh (unchged)
Ron Baron 9,190,510 sh (unchged)
Jim Simons 200,799 sh (-19.26%)
» More
Q1 2015

IRDM Guru Trades in Q1 2015

Chuck Royce 2,927,089 sh (+8.85%)
Paul Tudor Jones 43,349 sh (+0.68%)
Ron Baron 11,408,641 sh (+24.14%)
Ron Baron 9,113,171 sh (-0.84%)
Mario Gabelli 81,000 sh (-13.83%)
Jim Simons 68,100 sh (-66.09%)
» More
» Details

Insider Trades

Latest Guru Trades with IRDM

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Preferred stocks of Iridium Communications Inc

SymbolPriceYieldDescription
IRIIZ0.000.00Perp Conv Pfd Shs Series -A- -144A-
IRDMB368.752.696 3/4 % Cum Conv Perp Pfd Shs Series -B-
IRDDA117.512.987 % Cum Conv Pfd Shs Series -A-

Guru Investment Theses on Iridium Communications Inc

Ron Baron Comments on Iridium Communications Inc - Jul 28, 2014

Iridium (IRDM), a satellite enabled voice and data communications company, had declined from over $9 per share in 2013 to $6.10 this year when we invested in that business. Iridium provides unique and valuable communications services to the Department of Defense. It also enables machine to machine communications (The Internet of Things) as well as enabling flight safety improvements and improved airline economics.



Iridium Communications Inc. operates a group of satellites used for worldwide voice and data communication from hand-held satellite phones and other transceiver units. The stock rose significantly in the second quarter, driven by increasing investor confidence in its growth prospects. We participated in a capital raise by Iridium, purchasing its convertible preferred stock. Iridium used its proceeds to fund the build of an advanced satellite constellation. We believe this will be a unique asset with significant growth opportunities around M2M (machine to machine) and flight safety and control (Aireon). Its Department of Defense businesses will continue to provide significant cash flow. (Gilad Shany)



Iridium Communications Inc. provides mobile voice and data communication services using a constellation of low-earth orbiting (LEO) satellites. Due to its unique architecture, IRDM’s constellation is the only network with full coverage across the globe (including polar regions, open ocean and other remote locations). Over the next three years, IRDM will deploy its next generation constellation which will allow it to add significant capabilities and accelerate growth in new markets (M2M or machine-to machine, aviation, maritime and more).We believe one of these initiatives (Aireon) has the potential to save billions of dollars through commercial aviation route optimization and improve its real time coverage. In today’s “always on, always connected” world, the need for connectivity is ever growing. IRDM’s current business (government and commercial) is contracted and recurring. Complementing this with growth opportunities, we believe, will allow IRDM to expand margins, improve its returns on investments and optimize its capital structure and returns to shareholders. (Gilad Shany)



From Ron Baron (Trades, Portfolio)’s Baron Funds Second Quarter 2014 Report.



Check out Ron Baron latest stock trades

Baron Funds Comments on Iridium Communications Inc - Jul 22, 2014

For example, we invested in Iridium Communications Inc. (IRDM), which operates satellites used for voice and data communication via handheld satellite phones and other transceivers. Iridium is developing the world’s first satellite-based global air traffic surveillance system, which we think has the potential for transformational improvements in flight safety, control and efficiencies. As of June 30, 2014, the stock was up nearly 40% since our initial investment in early May 2014.



From Baron Funds' Second Quarter 2014 Shareholder Letter.



Check out Ron Baron latest stock trades

Top Ranked Articles about Iridium Communications Inc

Ron Baron Comments on Iridium Communications Inc
Iridium (IRDM), a satellite enabled voice and data communications company, had declined from over $9 per share in 2013 to $6.10 this year when we invested in that business. Iridium provides unique and valuable communications services to the Department of Defense. It also enables machine to machine communications (The Internet of Things) as well as enabling flight safety improvements and improved airline economics. Read more...
Baron Funds Comments on Iridium Communications Inc
For example, we invested in Iridium Communications Inc. (IRDM), which operates satellites used for voice and data communication via handheld satellite phones and other transceivers. Iridium is developing the world’s first satellite-based global air traffic surveillance system, which we think has the potential for transformational improvements in flight safety, control and efficiencies. As of June 30, 2014, the stock was up nearly 40% since our initial investment in early May 2014. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 17.80
IRDM's P/E(ttm) is ranked higher than
87% of the 1175 Companies
in the Global Telecom Services industry.

( Industry Median: 30.30 vs. IRDM: 17.80 )
IRDM' s 10-Year P/E(ttm) Range
Min: 7.18   Max: 109.33
Current: 17.8

7.18
109.33
Forward P/E 11.70
IRDM's Forward P/E is ranked higher than
92% of the 1175 Companies
in the Global Telecom Services industry.

( Industry Median: 39.22 vs. IRDM: 11.70 )
N/A
PE(NRI) 19.30
IRDM's PE(NRI) is ranked higher than
89% of the 1175 Companies
in the Global Telecom Services industry.

( Industry Median: 32.40 vs. IRDM: 19.30 )
IRDM' s 10-Year PE(NRI) Range
Min: 7.15   Max: 108.11
Current: 19.3

7.15
108.11
P/B 0.80
IRDM's P/B is ranked higher than
96% of the 1175 Companies
in the Global Telecom Services industry.

( Industry Median: 3.02 vs. IRDM: 0.80 )
IRDM' s 10-Year P/B Range
Min: 0.45   Max: 1.19
Current: 0.8

0.45
1.19
P/S 3.02
IRDM's P/S is ranked lower than
54% of the 1175 Companies
in the Global Telecom Services industry.

( Industry Median: 1.80 vs. IRDM: 3.02 )
IRDM' s 10-Year P/S Range
Min: 1.08   Max: 7.83
Current: 3.02

1.08
7.83
POCF 5.57
IRDM's POCF is ranked higher than
91% of the 1175 Companies
in the Global Telecom Services industry.

( Industry Median: 10.22 vs. IRDM: 5.57 )
IRDM' s 10-Year POCF Range
Min: 2.28   Max: 37.09
Current: 5.57

2.28
37.09
EV-to-EBIT 14.01
IRDM's EV-to-EBIT is ranked higher than
89% of the 1175 Companies
in the Global Telecom Services industry.

( Industry Median: 18.82 vs. IRDM: 14.01 )
IRDM' s 10-Year EV-to-EBIT Range
Min: -60.8   Max: 38.4
Current: 14.01

-60.8
38.4
PEG 0.46
IRDM's PEG is ranked higher than
99% of the 1175 Companies
in the Global Telecom Services industry.

( Industry Median: 0.00 vs. IRDM: 0.46 )
IRDM' s 10-Year PEG Range
Min: 0.34   Max: 3.57
Current: 0.46

0.34
3.57
Shiller P/E 26.70
IRDM's Shiller P/E is ranked higher than
79% of the 1175 Companies
in the Global Telecom Services industry.

( Industry Median: 57.36 vs. IRDM: 26.70 )
IRDM' s 10-Year Shiller P/E Range
Min: 21.73   Max: 29.82
Current: 26.7

21.73
29.82
Current Ratio 5.69
IRDM's Current Ratio is ranked higher than
97% of the 1027 Companies
in the Global Telecom Services industry.

( Industry Median: 1.04 vs. IRDM: 5.69 )
IRDM' s 10-Year Current Ratio Range
Min: 0.01   Max: 6.03
Current: 5.69

0.01
6.03
Quick Ratio 5.44
IRDM's Quick Ratio is ranked higher than
97% of the 1027 Companies
in the Global Telecom Services industry.

( Industry Median: 0.98 vs. IRDM: 5.44 )
IRDM' s 10-Year Quick Ratio Range
Min: 0.01   Max: 5.75
Current: 5.44

0.01
5.75
Days Inventory 91.52
IRDM's Days Inventory is ranked higher than
73% of the 1175 Companies
in the Global Telecom Services industry.

( Industry Median: 24.81 vs. IRDM: 91.52 )
IRDM' s 10-Year Days Inventory Range
Min: 46.22   Max: 124.45
Current: 91.52

46.22
124.45
Days Sales Outstanding 45.59
IRDM's Days Sales Outstanding is ranked higher than
84% of the 1175 Companies
in the Global Telecom Services industry.

( Industry Median: 64.21 vs. IRDM: 45.59 )
IRDM' s 10-Year Days Sales Outstanding Range
Min: 45.27   Max: 197.84
Current: 45.59

45.27
197.84

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 0.90
IRDM's Price/Tangible Book is ranked higher than
97% of the 1175 Companies
in the Global Telecom Services industry.

( Industry Median: 15.50 vs. IRDM: 0.90 )
IRDM' s 10-Year Price/Tangible Book Range
Min: 0.6   Max: 1.72
Current: 0.9

0.6
1.72
Price/Median PS Value 1.80
IRDM's Price/Median PS Value is ranked higher than
62% of the 1175 Companies
in the Global Telecom Services industry.

( Industry Median: 1.20 vs. IRDM: 1.80 )
IRDM' s 10-Year Price/Median PS Value Range
Min: 0.72   Max: 4.36
Current: 1.8

0.72
4.36
Price/Peter Lynch Fair Value 3.50
IRDM's Price/Peter Lynch Fair Value is ranked higher than
97% of the 1175 Companies
in the Global Telecom Services industry.

( Industry Median: 0.00 vs. IRDM: 3.50 )
IRDM' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.59   Max: 3.25
Current: 3.5

0.59
3.25
Price/Graham Number 0.70
IRDM's Price/Graham Number is ranked higher than
98% of the 1175 Companies
in the Global Telecom Services industry.

( Industry Median: 0.00 vs. IRDM: 0.70 )
IRDM' s 10-Year Price/Graham Number Range
Min: 0.44   Max: 12.89
Current: 0.7

0.44
12.89
Earnings Yield (Greenblatt) 7.30
IRDM's Earnings Yield (Greenblatt) is ranked higher than
84% of the 1052 Companies
in the Global Telecom Services industry.

( Industry Median: 5.70 vs. IRDM: 7.30 )
IRDM' s 10-Year Earnings Yield (Greenblatt) Range
Min: 2.6   Max: 37.8
Current: 7.3

2.6
37.8
Forward Rate of Return (Yacktman) -15.65
IRDM's Forward Rate of Return (Yacktman) is ranked higher than
70% of the 702 Companies
in the Global Telecom Services industry.

( Industry Median: 7.79 vs. IRDM: -15.65 )
IRDM' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -31.5   Max: 23.2
Current: -15.65

-31.5
23.2

Business Description

Industry: Communication Services » Telecom Services
Compare: » details
Traded in other countries:6IC.Germany, IRDDA.USA,
Iridium Communications Inc., formerly GHL Acquisition Corp., was organized under the laws of the State of Delaware on November 2, 2007. On February 21, 2008, it consummated its initial public offering and on September 29, 2009, it acquired, directly and indirectly, all the outstanding equity of Iridium Holdings LLC, or Iridium Holdings, and the Company changed its name from GHL Acquisition Corp. to Iridium Communications Inc. The Company is a provider of mobile voice and data communications services via satellite, and the provider of mobile satellite communications services offering global coverage. The Company's satellite network provides communications services to regions of the world where existing wireless or wireline networks do not exist or are impaired, including remote or rural land areas, open ocean, the polar regions and regions where the telecommunications infrastructure has been affected by political conflicts or natural disasters. The Company offers voice and data communications services to businesses, the U.S. and foreign governments, non-governmental organizations and consumers via its constellation of 66 in-orbit satellites, in-orbit spares and related ground infrastructure, including a main commercial gateway. The Company's commercial end-user base, which it views as its main growth engine, is diverse and includes markets such as emergency services, maritime, government, utilities, oil and gas, mining, leisure, forestry, construction and transportation. It also offers a combined voice transceiver and data modem, which its distributors integrate into a variety of communications solutions that are deployed in different applications around the world. It currently faces substantial competition from other service providers that offer a range of mobile and fixed communications options. The Company's most direct competition comes from other global mobile satellite services providers. Currently, its main global mobile satellite services competitors are Inmarsat, Globalstar, Thuraya Telecommunications Co., or Thuraya, and ORBCOMM. The Company competes mainly on the basis of coverage, quality, mobility and pricing of services and products.
» More Articles for IRDM

Headlines

Articles On GuruFocus.com
A Look at Spektra Fund – One of the World’s Top Performing Hedge Funds Mar 04 2015 
Ron Baron Comments on Iridium Communications Inc Jul 28 2014 
Baron Funds Comments on Iridium Communications Inc Jul 22 2014 
Weekly 3-Year Low Highlight: EW, NUAN, MNK, CROX, IRDM Nov 03 2013 
CEO of Iridium Communications Inc. Matthew J. Desch Bought 15,000 Shares Aug 07 2013 
Whitney Tilson Keeps Up with Iridium Jan 07 2013 
comment on IRDM Jan 02 2013 
Weekly CFO Buys Highlight: PTSX, MTG, IRDM, SQNM, FNFG, LF Aug 13 2012 
"Powerball" Ideas - $IRDM + $IRDMZ warrants Feb 02 2012 
T2 Partners Annual Letter - Discussion of Each of His 15 Long Positions Jan 10 2012 

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