Globalstar Inc
Globalstar, Inc. provides mobile satellite services in the United States, Canada, Europe, Central and South America, and internationally. The company offers duplex two-way voice and data products, including mobile voice and data satellite communications services and equipment for remote business continuity, recreational usage, safety, emergency preparedness and response, and other applications. I… Read more
Globalstar Inc (GSAT) - Net Assets
Latest net assets as of September 2024: $394.09 Million USD
Based on the latest financial reports, Globalstar Inc (GSAT) has net assets worth $394.09 Million USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($917.56 Million) and total liabilities ($523.47 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $394.09 Million |
| % of Total Assets | 42.95% |
| Annual Growth Rate | N/A |
| 5-Year Change | -6.96% |
| 10-Year Change | 380.23% |
| Growth Volatility | 78.93 |
Globalstar Inc - Net Assets Trend (2001–2023)
This chart illustrates how Globalstar Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Globalstar Inc (2001–2023)
The table below shows the annual net assets of Globalstar Inc from 2001 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $378.98 Million | +20.40% |
| 2022-12-31 | $314.77 Million | -13.86% |
| 2021-12-31 | $365.43 Million | -13.62% |
| 2020-12-31 | $423.06 Million | +3.86% |
| 2019-12-31 | $407.34 Million | +13.48% |
| 2018-12-31 | $358.94 Million | +23.25% |
| 2017-12-31 | $291.22 Million | +79.97% |
| 2016-12-31 | $161.82 Million | -31.76% |
| 2015-12-31 | $237.13 Million | +200.49% |
| 2014-12-31 | $78.92 Million | -32.41% |
| 2013-12-31 | $116.75 Million | -76.39% |
| 2012-12-31 | $494.54 Million | -7.35% |
| 2011-12-31 | $533.79 Million | -0.30% |
| 2010-12-31 | $535.42 Million | -8.81% |
| 2009-12-31 | $587.15 Million | +43.76% |
| 2008-12-31 | $408.42 Million | +0.71% |
| 2007-12-31 | $405.54 Million | +55.56% |
| 2006-12-31 | $260.70 Million | +264.97% |
| 2005-12-31 | $71.43 Million | +76.72% |
| 2004-12-31 | $40.42 Million | +101.18% |
| 2003-12-31 | $-3.42 Billion | -8.40% |
| 2002-12-31 | $-3.15 Billion | -5.10% |
| 2001-12-31 | $-3.00 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Globalstar Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 206498200000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $188.00K | 0.05% |
| Other Comprehensive Income | $5.07 Million | 1.34% |
| Other Components | $2.44 Billion | 643.49% |
| Total Equity | $378.98 Million | 100.00% |
Globalstar Inc Competitors by Market Cap
The table below lists competitors of Globalstar Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Great-West Lifeco Inc 4.50% Non-Cum 1st Pfd Shs Ser I
PINK:GRWTF
|
$3.69 Billion |
|
MIRUM PHARMAC. DL-0001
F:08D
|
$3.69 Billion |
|
Sam Chun Dang Pharm. Co. Ltd
KQ:000250
|
$3.69 Billion |
|
Wan Hai Lines Ltd
TW:2615
|
$3.69 Billion |
|
Lifco AB (publ)
PINK:LFCBY
|
$3.69 Billion |
|
easyJet plc
OTCQX:EJTTF
|
$3.69 Billion |
|
TCL Zhonghuan Renewable Energy Technology Co Ltd
SHE:002129
|
$3.68 Billion |
|
Shenzhen Kedali Industry Co Ltd
SHE:002850
|
$3.68 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Globalstar Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 314,771,000 to 378,979,000, a change of 64,208,000 (20.4%).
- Net loss of 24,718,000 reduced equity.
- Dividend payments of 11,942,000 reduced retained earnings.
- Share repurchases of 58,534,000 reduced equity.
- New share issuances of 992,000 increased equity.
- Other comprehensive income decreased equity by 4,172,000.
- Other factors increased equity by 162,582,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-24.72 Million | -6.52% |
| Dividends Paid | $11.94 Million | -3.15% |
| Share Repurchases | $58.53 Million | -15.45% |
| Share Issuances | $992.00K | +0.26% |
| Other Comprehensive Income | $-4.17 Million | -1.1% |
| Other Changes | $162.58 Million | +42.9% |
| Total Change | $- | 20.40% |
Book Value vs Market Value Analysis
This analysis compares Globalstar Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 109.04x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | $-47.89 | $22.52 | x |
| 2002-12-31 | $-50.33 | $22.52 | x |
| 2003-12-31 | $-54.56 | $22.52 | x |
| 2004-12-31 | $0.67 | $22.52 | x |
| 2005-12-31 | $1.15 | $22.52 | x |
| 2006-12-31 | $4.07 | $22.52 | x |
| 2007-12-31 | $5.26 | $22.52 | x |
| 2008-12-31 | $4.73 | $22.52 | x |
| 2009-12-31 | $4.04 | $22.52 | x |
| 2010-12-31 | $1.88 | $22.52 | x |
| 2011-12-31 | $1.78 | $22.52 | x |
| 2012-12-31 | $1.27 | $22.52 | x |
| 2013-12-31 | $0.19 | $22.52 | x |
| 2014-12-31 | $0.08 | $22.52 | x |
| 2015-12-31 | $0.19 | $22.52 | x |
| 2016-12-31 | $0.15 | $22.52 | x |
| 2017-12-31 | $0.25 | $22.52 | x |
| 2018-12-31 | $0.28 | $22.52 | x |
| 2019-12-31 | $0.25 | $22.52 | x |
| 2020-12-31 | $0.26 | $22.52 | x |
| 2021-12-31 | $0.21 | $22.52 | x |
| 2022-12-31 | $0.17 | $22.52 | x |
| 2023-12-31 | $0.21 | $22.52 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Globalstar Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -6.52%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -11.04%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 2.44x
- Recent ROE (-6.52%) is above the historical average (-59.53%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 0.00% | -8986.74% | 0.01x | 0.00x | $-275.74 Million |
| 2002 | 0.00% | -608.62% | 0.08x | 0.00x | $165.10 Million |
| 2003 | 0.00% | -442.52% | 1.25x | 0.00x | $75.12 Million |
| 2004 | 0.92% | 0.44% | 1.32x | 1.58x | $-3.67 Million |
| 2005 | 26.21% | 14.72% | 1.12x | 1.59x | $11.58 Million |
| 2006 | 9.06% | 17.28% | 0.41x | 1.27x | $-2.45 Million |
| 2007 | -6.89% | -28.38% | 0.19x | 1.26x | $-68.48 Million |
| 2008 | -16.65% | -79.03% | 0.11x | 1.97x | $-108.85 Million |
| 2009 | -12.76% | -116.56% | 0.05x | 2.14x | $-133.64 Million |
| 2010 | -18.20% | -143.46% | 0.05x | 2.59x | $-151.01 Million |
| 2011 | -10.29% | -75.42% | 0.05x | 2.66x | $-108.30 Million |
| 2012 | -22.69% | -147.01% | 0.05x | 2.84x | $-161.65 Million |
| 2013 | -506.29% | -714.68% | 0.06x | 11.76x | $-602.79 Million |
| 2014 | -586.53% | -513.93% | 0.07x | 16.07x | $-470.76 Million |
| 2015 | 30.50% | 79.92% | 0.07x | 5.20x | $48.61 Million |
| 2016 | -81.97% | -136.94% | 0.09x | 7.00x | $-148.83 Million |
| 2017 | -30.59% | -79.06% | 0.10x | 3.88x | $-118.20 Million |
| 2018 | -1.82% | -5.01% | 0.12x | 2.91x | $-42.41 Million |
| 2019 | 3.76% | 11.63% | 0.14x | 2.37x | $-25.41 Million |
| 2020 | -25.92% | -85.33% | 0.14x | 2.10x | $-151.95 Million |
| 2021 | -30.82% | -90.61% | 0.15x | 2.23x | $-149.17 Million |
| 2022 | -81.62% | -173.00% | 0.18x | 2.65x | $-288.39 Million |
| 2023 | -6.52% | -11.04% | 0.24x | 2.44x | $-62.62 Million |
Industry Comparison
This section compares Globalstar Inc's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $44,462,353,944
- Average return on equity (ROE) among peers: -3489.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Globalstar Inc (GSAT) | $394.09 Million | 0.00% | 1.33x | $3.69 Billion |
| Airtel Africa Plc (AARTY) | $2.77 Billion | 7.93% | 3.33x | $6.92 Billion |
| Airborne Wireless Network (ABWN) | $106.58K | -34635.01% | 3.96x | $437.69K |
| Access-Power & Co. Inc (ACCR) | $753.00 | -0.13% | 3.17x | $572.84K |
| Array Digital Infrastructure, Inc. (AD) | $3.69 Billion | 0.33% | 0.85x | $745.85 Million |
| Alvarion Ltd (ALVRQ) | $122.09 Million | -80.66% | 0.76x | $0.97 |
| América Móvil, S.A.B. de C.V. (AMXOF) | $437.83 Billion | 17.39% | 2.70x | $12.75 Billion |
| Alpha One Inc (AOAO) | $27.96 Million | -1.08% | 0.50x | $11.15 Million |
| American Nortel Communications Inc (ARTM) | $333.42K | -8.16% | 0.37x | $213.62 |
| Vapor Hub International Inc. (ASHI) | $15.12K | -175.34% | 0.19x | $5.26K |
| Anterix Inc (ATEX) | $180.76 Million | -23.23% | 0.09x | $481.87 Million |