Iridium Communications's quarterly market cap
increased
from Jun. 2024 ($3,154.9 Mil) to Sep. 2024 ($3,478.8 Mil) but then
declined
from Sep. 2024 ($3,478.8 Mil) to Dec. 2024 ($3,202.6 Mil).
Iridium Communications's annual market cap
declined
from Dec. 2022 ($6,471.4 Mil) to Dec. 2023 ($5,053.5 Mil) and
declined
from Dec. 2023 ($5,053.5 Mil) to Dec. 2024 ($3,202.6 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Iridium Communications's Enterprise Value for Today is $4,695.9 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Iridium Communications's Market Cap
For the Telecom Services subindustry, Iridium Communications's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Iridium Communications's Market Cap Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Iridium Communications's Market Cap distribution charts can be found below:
* The bar in red indicates where Iridium Communications's Market Cap falls into.
Iridium Communications Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Iridium Communications's Market Cap for the fiscal year that ended in Dec. 2024 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Iridium Communications (NAS:IRDM) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Iridium Communications Market Cap Related Terms
Thank you for viewing the detailed overview of Iridium Communications's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Iridium Communications Inc is the commercial provider of communications services offering true globalised coverage, connecting people, organizations and assets to and from anywhere, in real time. The company is a provider of mobile voice and data communications services through a constellation of low earth-orbiting satellites. Iridium's solutions are ideally suited for industries such as maritime, aviation, government/military, emergency/humanitarian services, mining, forestry, oil and gas, heavy equipment, transportation, and utilities. Iridium also provides service to subscribers from the U.S. Department of Defense, as well as other civil and government agencies world-wide. The Company operates in one business segment, providing satellite communications services and products.
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