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Share presentation Satellite communication

Iridium $IRDM (+0,61 %) operates its own satellite network with 66 active low-earth orbit (LEO) satellites and offers reliable voice and data communication worldwide - independent of mobile networks. The company primarily serves aviation, shipping, military and IoT applications.


Key figures (as of Q2/2025)


  • Revenue: approx. $790 million (TTM)
  • EBITDA margin: approx. 60%
  • Free cash flow: stable at $230-250m
  • Debt ratio: moderate, net debt/EBITDA approx. 2.3
  • P/E ratio (2025e): approx. 22
  • Market capitalization: around $4.2 bn
  • Customer base: >2m active devices
  • New business area: IoT, autonomous systems, Certus terminals for mobile data



Opportunities


  • Only provider with true global coverage, even in remote areas
  • Long-term contracts, e.g. with the US Department of Defense ($700 million contract until 2030)
  • New applications through Iridium Certus (broadband-capable satellite data for IoT, drones, ships)
  • Increasing demand due to crisis resilience & geopolitical tensions







Risks


  • Niche business - no mass market like Starlink
  • Dependence on US government customers
  • Starlink & Co. could penetrate sub-sectors as capacity grows







Conclusion


$IRDM (+0,61 %) is not a hype stock, but a solid infrastructure player in space with a strong cash flow. Ideal as an addition to a space or satellite portfolio. With realistic growth prospects and a unique selling point (coverage + reliability).


Interesting in the long term for investors looking for defensive space exposure with a technology focus.

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10 Commentaires

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Looks interesting.
The question is when it will break out.
I'm already in at $GILT. It looks similar there
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@Tenbagger2024 Both are certainly well suited for Buy&Hold. The future is unstoppable.
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@Max095
I also find $LHX interesting.
Satellite technology is an area here
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@Tenbagger2024 That's right. Then the tried and tested ones like $TMO and $SYK
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Solid company and their technology works in the farthest corner of the world. Anyone with a military background knows the company.
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@mami_goes_boerse a purchase for you?
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@Max095 Hm, good question. Without taking a closer look, I would say no.
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@mami_goes_boerse Okay. 😊Your focus is also more on dividends and dividend growth?
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@Max095 Yes, exactly. But that doesn't mean I'm not also on the lookout for exciting growth stocks 😉 You could say I'm generally looking to grow my portfolio first. After buying a house and having children, it was pretty empty 😅
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Had them in the depot once, sold them for btc 😂
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