What is Iridium Communications Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Iridium Communications Inc.'s reported free cash flow gives $63.34 per share. The share price was $45.30 on November 10, 2026, 28% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 3.5% | 10.0% | $39.80 | -12% |
| Base | 8.5% | 9.0% | $63.34 | +40% |
| Bull | 13.5% | 8.0% | $110.28 | +143% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $80.94 | $86.35 | $92.95 | $101.21 | $111.82 |
| 8.0% | $67.79 | $71.29 | $75.43 | $80.40 | $86.47 |
| 9.0% | $58.18 | $60.58 | $63.34 | $66.57 | $70.38 |
| 10.0% | $50.87 | $52.58 | $54.51 | $56.71 | $59.26 |
| 11.0% | $45.13 | $46.38 | $47.78 | $49.35 | $51.13 |
Where the presets come from
Base: years 1 to 5 grow at Iridium Communications Inc.'s revenue growth rate over the last 5 fiscal years (8.4% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions