AST SpaceMobile, Inc.

ASTS US

ASTS USAST SpaceMobile, Inc.

United States Composite

11.75

USD

+1.53

(+14.97%)

-0.97EPS Dil.

-12.11P/E

1.62BMarket Cap

Profitability	2020 Y	2021 Y	2022 Y	2023 Y
Return on Common Equity (%)	- -	- -	- -	- -
Return on Assets (%)	- -	-6.98	-7.17	-21.91
Return on Capital (%)	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -
Gross Margin (%)	49.3	39.03	51.44	- -
EBITDA Margin (%)	-393.33	-675.8	-1,020.27	- -
Operating Margin (%)	-408.2	-699.28	-1,054.35	- -
Incremental Operating Margin (%)	- -	- -	- -	554.09
Pretax Margin (%)	-406.8	-587.91	-741.38	- -
Profit Margin (%)	-403.23	-152.95	-228.86	- -
Net Income to Common Margin (%)	-403.23	-152.95	-228.86	- -
Effective Tax Rate (%)	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -

Credit	2020 Y	2021 Y	2022 Y	2023 Y
Total Debt	7	13	13	73
ST Debt	1	1	1	2
LT Debt	7	13	12	71
Total Debt/EBITDA	-0.3	-0.16	-0.09	-0.43
Net Debt/EBITDA	1.82	3.78	1.66	0.16
Total Debt/EBIT	-0.29	-0.15	-0.09	-0.33
Net Debt/EBIT	1.76	3.65	1.6	0.12
EBITDA to Interest Expense	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -
Common Equity/Total Assets	-40.05	-15.87	-23.29	-52.55
Long-Term Debt/Equity (%)	8.18	3.56	3.28	33.32
Long-Term Debt/Capital (%)	-21.54	6.44	8.62	-3,234.18
Long-Term Debt/Total Assets (%)	6.56	2.82	2.69	19.72
Total Debt/Equity (%)	8.81	3.74	3.55	34.12
Total Debt/Capital (%)	-23.19	6.77	9.32	-3,312.36
Total Debt/Total Assets (%)	7.07	2.96	2.91	20.19
Net Debt to Equity	-53.48	-90	-64.92	-12.23
Net Debt/Capital (%)	58.48	248.7	229.89	29.74
EBITDA	-23	-84	-141	-168
EBITDA-CapEx	-54	-139	-198	-287
Operating Income (Loss)	-24	-87	-146	-222

Liquidity	2020 Y	2021 Y	2022 Y	2023 Y
Cash Ratio	3.26	15.05	8.58	1.85
Current Ratio	3.88	15.71	9.65	2.31
Quick Ratio	3.42	15.23	8.64	1.88
CFO/Avg Current Liab	- -	-4.64	-6.36	-4.02
Common Equity/Total Assets	-40.05	-15.87	-23.29	-52.55
Long-Term Debt/Equity (%)	8.18	3.56	3.28	33.32
Long-Term Debt/Capital (%)	-21.54	6.44	8.62	-3,234.18
Long-Term Debt/Total Assets (%)	6.56	2.82	2.69	19.72
Total Debt/Equity (%)	8.81	3.74	3.55	34.12
Total Debt/Capital (%)	-23.19	6.77	9.32	-3,312.36
Total Debt/Total Assets (%)	7.07	2.96	2.91	20.19
CFO/Total Liabilities	-116.02	-87.09	-199.2	-101.09
CFO/CapEx	-0.75	-1.46	-2.73	-1.25
Altman's Z-Score	-0.89	2.76	1.68	-0.31

Working Capital	2020 Y	2021 Y	2022 Y	2023 Y
Accounts Receivable Turnover	- -	5.83	12.72	- -
Days Sales Outstanding	- -	62.58	28.69	- -
Inventory Turnover	- -	3.78	9.51	- -
Days Inventory Outstanding	- -	96.59	38.38	- -
Accounts Payable Turnover	- -	1.1	0.52	- -
Accounts Payable Turnover Days	- -	332.41	707.94	- -
Cash Conversion Cycle	- -	-173.23	-640.87	- -
Inventory to Cash Days	- -	-34.01	-9.7	- -
Inventories	3	1	- -	- -
Raw Materials	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -
Other Inventory	3	1	- -	- -

Enterprise Value	2020 Y	2021 Y	2022 Y	2023 Y
Market Capitalization	- -	421	316	554
- Cash & Cash Equivalents	43	322	239	86
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -
+ Minority/Non Controlling Interest	2	252	226	115
+ Total Debt	7	13	13	73
Enterprise Value	-33	364	316	655
Total Capital	-30	194	137	-2
Total Debt/Capital (%)	-23.19	6.77	9.32	-3,312.36
Total Debt / EV	-0.21	0.04	0.04	0.11
EV/Sales	- -	29.36	22.89	- -
EV/EBITDA	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -
Diluted Market Cap	- -	421	240	502
Diluted Enterprise Value	-33	364	240	604
EV per Share	- -	7.04	4.41	7.27
TTM Sales	6	12	14	- -
TTM EBITDA	-23	-84	-141	-168
TTM Operating Income	-24	-87	-146	-222
TTM Cash Flow to Firm	-23	-80	-156	-149
TTM Free Cash Flow to Firm	8	-25	-99	-30

Multiples	2020 Y	2021 Y	2022 Y	2023 Y
Price/Earnings	- -	- -	- -	- -
Price/Earnings Average	- -	-27.76	-13	-4.51
Price/Earnings High	- -	-35.28	-22.5	-6.33
Price/Earnings Low	- -	-19.3	-6.28	-2.56
Price/Book Value	- -	-5.98	-3.1	-2.92
Price/Book Value Average	- -	-7.48	-5.31	-2.29
Price/Book Value High	- -	-9.5	-9.2	-3.22
Price/Book Value Low	- -	-5.2	-2.57	-1.3
Price/Tangible Book Value	- -	1.21	0.88	2.59
Price/Tangible Book Value Average	- -	1.51	1.51	2.04
Price/Tangible Book Value High	- -	1.92	2.61	2.86
Price/Tangible Book Value Low	- -	1.05	0.73	1.16
Price/Sales	- -	33.94	17.33	- -
Price/Sales Average	- -	42.46	29.74	- -
Price/Sales High	- -	53.96	51.5	- -
Price/Sales Low	- -	29.52	14.37	- -
Price/Cash Flow	- -	-5.26	-1.53	-3.37
Price/Cash Flow Average	- -	-6.58	-2.63	-2.65
Price/Cash Flow High	- -	-8.36	-4.55	-3.72
Price/Cash Flow Low	- -	-4.57	-1.27	-1.51
Price/Free Cash Flow	- -	-16.64	-2.42	-16.67
Price/Free Cash Flow Average	- -	-20.81	-4.15	-13.09
Price/Free Cash Flow High	- -	-26.45	-7.18	-18.38
Price/Free Cash Flow Low	- -	-14.47	-2	-7.44
EV/Sales	- -	29.36	22.89	- -
EV/Sales Average	- -	37.87	39.27	- -
EV/Sales High	- -	49.37	67.98	- -
EV/Sales Low	- -	24.94	19	- -
EV/EBITDA	- -	- -	- -	- -
EV/EBITDA Average	1.42	-5.6	-3.85	-3.2
EV/EBITDA High	1.42	-7.31	-6.66	-4.24
EV/EBITDA Low	1.42	-3.69	-1.86	-2.08
EV/EBIT	- -	- -	- -	- -
EV/EBIT Average	1.36	-5.42	-3.72	-2.41
EV/EBIT High	1.36	-7.06	-6.45	-3.2
EV/EBIT Low	1.36	-3.57	-1.8	-1.57
Last Price	- -	8.14	4.4	6.14
High Price	- -	12.94	13.08	6.77
Low Price	- -	7.08	3.65	2.74
Enterprise Value	-33	364	316	655
Enterprise Value Average	-33	470	543	537
Enterprise Value High	-33	612	940	712
Enterprise Value Low	-33	309	263	349

Per Share Data Items	2020 Y	2021 Y	2022 Y	2023 Y
Shares Outstanding	52	52	72	90
Diluted Weighted Avg Shares	52	52	54	82
Basic Weighted Avg Shares	52	52	54	82
Revenue per Share	0.12	0.24	0.25	- -
EBITDA per Share	-0.45	-1.62	-2.59	-2.05
Operating Income per Share	-0.47	-1.68	-2.68	-2.72
Basic EPS, GAAP	-0.47	-0.37	-0.58	-1.07
Basic EPS from Cont Ops	-0.47	-1.42	-1.89	-2.72
Diluted EPS, GAAP	-0.47	-0.37	-0.58	-1.07
Diluted EPS from Cont Ops	-0.47	-1.42	-1.89	-2.72
Dividend per Share	- -	- -	- -	- -
Cash Flow per Share	-0.44	-1.55	-2.87	-1.82
Free Cash Flow per Basic Share	-1.03	-2.61	-3.93	-3.27
Cash & Equivalents per Share	0.83	6.22	3.32	0.95
Book Value per Share	-0.77	-1.36	-1.42	-2.1
Tangible Book Value per Share	1.46	6.73	5.01	2.37

Profitability	2020 Y	2021 Y	2022 Y	2023 Y
Return on Common Equity (%)	- -	- -	- -	- -
Return on Assets (%)	- -	-6.98	-7.17	-21.91
Return on Capital (%)	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -
Gross Margin (%)	49.3	39.03	51.44	- -
EBITDA Margin (%)	-393.33	-675.8	-1,020.27	- -
Operating Margin (%)	-408.2	-699.28	-1,054.35	- -
Incremental Operating Margin (%)	- -	- -	- -	554.09
Pretax Margin (%)	-406.8	-587.91	-741.38	- -
Profit Margin (%)	-403.23	-152.95	-228.86	- -
Net Income to Common Margin (%)	-403.23	-152.95	-228.86	- -
Effective Tax Rate (%)	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -

Credit	2020 Y	2021 Y	2022 Y	2023 Y
Total Debt	7	13	13	73
ST Debt	1	1	1	2
LT Debt	7	13	12	71
Total Debt/EBITDA	-0.3	-0.16	-0.09	-0.43
Net Debt/EBITDA	1.82	3.78	1.66	0.16
Total Debt/EBIT	-0.29	-0.15	-0.09	-0.33
Net Debt/EBIT	1.76	3.65	1.6	0.12
EBITDA to Interest Expense	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -
Common Equity/Total Assets	-40.05	-15.87	-23.29	-52.55
Long-Term Debt/Equity (%)	8.18	3.56	3.28	33.32
Long-Term Debt/Capital (%)	-21.54	6.44	8.62	-3,234.18
Long-Term Debt/Total Assets (%)	6.56	2.82	2.69	19.72
Total Debt/Equity (%)	8.81	3.74	3.55	34.12
Total Debt/Capital (%)	-23.19	6.77	9.32	-3,312.36
Total Debt/Total Assets (%)	7.07	2.96	2.91	20.19
Net Debt to Equity	-53.48	-90	-64.92	-12.23
Net Debt/Capital (%)	58.48	248.7	229.89	29.74
EBITDA	-23	-84	-141	-168
EBITDA-CapEx	-54	-139	-198	-287
Operating Income (Loss)	-24	-87	-146	-222

Liquidity	2020 Y	2021 Y	2022 Y	2023 Y
Cash Ratio	3.26	15.05	8.58	1.85
Current Ratio	3.88	15.71	9.65	2.31
Quick Ratio	3.42	15.23	8.64	1.88
CFO/Avg Current Liab	- -	-4.64	-6.36	-4.02
Common Equity/Total Assets	-40.05	-15.87	-23.29	-52.55
Long-Term Debt/Equity (%)	8.18	3.56	3.28	33.32
Long-Term Debt/Capital (%)	-21.54	6.44	8.62	-3,234.18
Long-Term Debt/Total Assets (%)	6.56	2.82	2.69	19.72
Total Debt/Equity (%)	8.81	3.74	3.55	34.12
Total Debt/Capital (%)	-23.19	6.77	9.32	-3,312.36
Total Debt/Total Assets (%)	7.07	2.96	2.91	20.19
CFO/Total Liabilities	-116.02	-87.09	-199.2	-101.09
CFO/CapEx	-0.75	-1.46	-2.73	-1.25
Altman's Z-Score	-0.89	2.76	1.68	-0.31

Working Capital	2020 Y	2021 Y	2022 Y	2023 Y
Accounts Receivable Turnover	- -	5.83	12.72	- -
Days Sales Outstanding	- -	62.58	28.69	- -
Inventory Turnover	- -	3.78	9.51	- -
Days Inventory Outstanding	- -	96.59	38.38	- -
Accounts Payable Turnover	- -	1.1	0.52	- -
Accounts Payable Turnover Days	- -	332.41	707.94	- -
Cash Conversion Cycle	- -	-173.23	-640.87	- -
Inventory to Cash Days	- -	-34.01	-9.7	- -
Inventories	3	1	- -	- -
Raw Materials	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -
Other Inventory	3	1	- -	- -

Enterprise Value	2020 Y	2021 Y	2022 Y	2023 Y
Market Capitalization	- -	421	316	554
- Cash & Cash Equivalents	43	322	239	86
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -
+ Minority/Non Controlling Interest	2	252	226	115
+ Total Debt	7	13	13	73
Enterprise Value	-33	364	316	655
Total Capital	-30	194	137	-2
Total Debt/Capital (%)	-23.19	6.77	9.32	-3,312.36
Total Debt / EV	-0.21	0.04	0.04	0.11
EV/Sales	- -	29.36	22.89	- -
EV/EBITDA	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -
Diluted Market Cap	- -	421	240	502
Diluted Enterprise Value	-33	364	240	604
EV per Share	- -	7.04	4.41	7.27
TTM Sales	6	12	14	- -
TTM EBITDA	-23	-84	-141	-168
TTM Operating Income	-24	-87	-146	-222
TTM Cash Flow to Firm	-23	-80	-156	-149
TTM Free Cash Flow to Firm	8	-25	-99	-30

Multiples	2020 Y	2021 Y	2022 Y	2023 Y
Price/Earnings	- -	- -	- -	- -
Price/Earnings Average	- -	-27.76	-13	-4.51
Price/Earnings High	- -	-35.28	-22.5	-6.33
Price/Earnings Low	- -	-19.3	-6.28	-2.56
Price/Book Value	- -	-5.98	-3.1	-2.92
Price/Book Value Average	- -	-7.48	-5.31	-2.29
Price/Book Value High	- -	-9.5	-9.2	-3.22
Price/Book Value Low	- -	-5.2	-2.57	-1.3
Price/Tangible Book Value	- -	1.21	0.88	2.59
Price/Tangible Book Value Average	- -	1.51	1.51	2.04
Price/Tangible Book Value High	- -	1.92	2.61	2.86
Price/Tangible Book Value Low	- -	1.05	0.73	1.16
Price/Sales	- -	33.94	17.33	- -
Price/Sales Average	- -	42.46	29.74	- -
Price/Sales High	- -	53.96	51.5	- -
Price/Sales Low	- -	29.52	14.37	- -
Price/Cash Flow	- -	-5.26	-1.53	-3.37
Price/Cash Flow Average	- -	-6.58	-2.63	-2.65
Price/Cash Flow High	- -	-8.36	-4.55	-3.72
Price/Cash Flow Low	- -	-4.57	-1.27	-1.51
Price/Free Cash Flow	- -	-16.64	-2.42	-16.67
Price/Free Cash Flow Average	- -	-20.81	-4.15	-13.09
Price/Free Cash Flow High	- -	-26.45	-7.18	-18.38
Price/Free Cash Flow Low	- -	-14.47	-2	-7.44
EV/Sales	- -	29.36	22.89	- -
EV/Sales Average	- -	37.87	39.27	- -
EV/Sales High	- -	49.37	67.98	- -
EV/Sales Low	- -	24.94	19	- -
EV/EBITDA	- -	- -	- -	- -
EV/EBITDA Average	1.42	-5.6	-3.85	-3.2
EV/EBITDA High	1.42	-7.31	-6.66	-4.24
EV/EBITDA Low	1.42	-3.69	-1.86	-2.08
EV/EBIT	- -	- -	- -	- -
EV/EBIT Average	1.36	-5.42	-3.72	-2.41
EV/EBIT High	1.36	-7.06	-6.45	-3.2
EV/EBIT Low	1.36	-3.57	-1.8	-1.57
Last Price	- -	8.14	4.4	6.14
High Price	- -	12.94	13.08	6.77
Low Price	- -	7.08	3.65	2.74
Enterprise Value	-33	364	316	655
Enterprise Value Average	-33	470	543	537
Enterprise Value High	-33	612	940	712
Enterprise Value Low	-33	309	263	349

Per Share Data Items	2020 Y	2021 Y	2022 Y	2023 Y
Shares Outstanding	52	52	72	90
Diluted Weighted Avg Shares	52	52	54	82
Basic Weighted Avg Shares	52	52	54	82
Revenue per Share	0.12	0.24	0.25	- -
EBITDA per Share	-0.45	-1.62	-2.59	-2.05
Operating Income per Share	-0.47	-1.68	-2.68	-2.72
Basic EPS, GAAP	-0.47	-0.37	-0.58	-1.07
Basic EPS from Cont Ops	-0.47	-1.42	-1.89	-2.72
Diluted EPS, GAAP	-0.47	-0.37	-0.58	-1.07
Diluted EPS from Cont Ops	-0.47	-1.42	-1.89	-2.72
Dividend per Share	- -	- -	- -	- -
Cash Flow per Share	-0.44	-1.55	-2.87	-1.82
Free Cash Flow per Basic Share	-1.03	-2.61	-3.93	-3.27
Cash & Equivalents per Share	0.83	6.22	3.32	0.95
Book Value per Share	-0.77	-1.36	-1.42	-2.1
Tangible Book Value per Share	1.46	6.73	5.01	2.37