NASDAQ · ASTSW

AST SpaceMobile, Inc.

Communication Services · Telecommunications Services

$13.50▲ 9.85% ($1.21)at close

As of 4:00 PM ET

52-week

$8.65$14.00

Market cap

$1.75B

P/E

-6.31

EPS (TTM)

-$2.07

Next earnings

Sep 30, 2023

No multiple

What the market price implies · Reverse DCF

Historical revenue grew by 54.63%/yr over the past 4 years.

Selected forecast · Base scenario

19.61%/yr · actual 10-year annualized revenue growth

Year 1 growth: 40%

Market-implied · Base operating assumptions + edited margins

Unavailable · flat 10-year annualized revenue growth

Reverse DCF solves revenue growth itself using Base operating assumptions and your edited margins. Changing forecast growth alone does not change the implied rate. This is a model-implied requirement, not an analyst forecast.

No supported revenue growth rate matches this price with these operating assumptions.

Valuation

Recommended · Revenue & margin DCF

Price used

$13.50

Estimated value / share

Unavailable

Base scenario

USD · TTM ending 2026-06-30

9 of 10 projected years produce negative free cash flow, so the model returns a negative enterprise value. A discounted-cash-flow valuation cannot be defended on those inputs, so it is not shown.

Only 4 of the five annual revenue periods are available; growth uses the observed fiscal-year spans. Annual revenue history contains a gap; multi-year changes are annualized over their actual fiscal-year span. Latest quarterly growth differs materially from the latest annual pace. It remains an observed growth input; review whether acceleration or a change in the business explains it.

Reported operating earnings and the comparable cash-flow estimate differ substantially; the model retains the reported-margin anchor.

Year 1 growth 40% · Ending margin 0% · Discount rate 8.95%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future revenue, operating margins, and the investment needed to support them.

Price timestamp: Sep 27, 2024, 8:00 PM UTC
Financial statement period: TTM ending 2026-06-30
Data refreshed: Sep 20, 2026, 12:27 PM UTC · provider

Why this method?

There is not a stable run of positive FCFF to anchor a direct cash-flow CAGR, so the model should start from revenue and margin assumptions instead.

Is FCFF positive and has it been for 3+ consecutive years? Latest FCFF is not positive.

Price vs Fundamentals

Why The Stock Is Moving

Optimism is getting priced inModerate confidence

1Y Price: 1,383.03%Revenue (TTM): 2,256.89%FCF (TTM): -142%P/S: 86th pct

What changed

The stock rose 1,383.03% over the last year. Revenue grew 2,256.89% over the trailing twelve months. Operating margin moved from -5,142.48% to -519.47%. Free cash flow declined 142% over the trailing twelve months.

What the market seems to be pricing

The stock is trading toward the richer end of its historical P/S range (86th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.

What would invalidate this read

Operating margin is at -519.47% — continued expansion would be needed to justify the premium. Revenue growth of 2,256.89% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.

Performance

Return analysis

Company profile

Headquartered in Midland, Texas, AST SpaceMobile, Inc. was established in 2017.

CEOAbel Avellan

SectorCommunication Services

IndustryTelecommunications Services

Employees489

IPO dateNov 1, 2019

https://ast-science.com

Market multiples

Forward P/E—

EV/EBITDA-68.19

Enterprise value$25.23B

Stock splits

No stock splits recorded for this ticker.

Profitability & growth

Revenue growth2,626.64%

Gross margin (FY2025)53.42%▼46.6ppvs FY2024

Operating margin (FY2025)-405.7%▲5089.1ppvs FY2024

ROE-44.82%▼15.3ppvs FY2025

Analyst consensus

Rating—

Target price—

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Sep 30, 2023

Q4 FY23 · EPS est — · Revenue est —

View

NASDAQ · ASTSW

AST SpaceMobile, Inc.

Communication Services · Telecommunications Services

$13.50▲ 9.85% ($1.21)at close

As of 4:00 PM ET

52-week

$8.65$14.00

Market cap

$1.75B

P/E

-6.31

EPS (TTM)

-$2.07

Next earnings

Sep 30, 2023

No multiple

What the market price implies · Reverse DCF

Historical revenue grew by 54.63%/yr over the past 4 years.

Selected forecast · Base scenario

19.61%/yr · actual 10-year annualized revenue growth

Year 1 growth: 40%

Market-implied · Base operating assumptions + edited margins

Unavailable · flat 10-year annualized revenue growth

No supported revenue growth rate matches this price with these operating assumptions.

Valuation

Recommended · Revenue & margin DCF

Price used

$13.50

Estimated value / share

Unavailable

Base scenario

USD · TTM ending 2026-06-30

9 of 10 projected years produce negative free cash flow, so the model returns a negative enterprise value. A discounted-cash-flow valuation cannot be defended on those inputs, so it is not shown.

Reported operating earnings and the comparable cash-flow estimate differ substantially; the model retains the reported-margin anchor.

Year 1 growth 40% · Ending margin 0% · Discount rate 8.95%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future revenue, operating margins, and the investment needed to support them.

Price timestamp: Sep 27, 2024, 8:00 PM UTC
Financial statement period: TTM ending 2026-06-30
Data refreshed: Sep 20, 2026, 12:27 PM UTC · provider

Why this method?

There is not a stable run of positive FCFF to anchor a direct cash-flow CAGR, so the model should start from revenue and margin assumptions instead.

Is FCFF positive and has it been for 3+ consecutive years? Latest FCFF is not positive.

Price vs Fundamentals

Why The Stock Is Moving

Optimism is getting priced inModerate confidence

1Y Price: 1,383.03%Revenue (TTM): 2,256.89%FCF (TTM): -142%P/S: 86th pct

What changed

What the market seems to be pricing

The stock is trading toward the richer end of its historical P/S range (86th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.

What would invalidate this read

Performance

Return analysis

Company profile

Headquartered in Midland, Texas, AST SpaceMobile, Inc. was established in 2017.

CEOAbel Avellan

SectorCommunication Services

IndustryTelecommunications Services

Employees489

IPO dateNov 1, 2019

https://ast-science.com

Market multiples

Forward P/E—

EV/EBITDA-68.19

Enterprise value$25.23B

Stock splits

No stock splits recorded for this ticker.

Profitability & growth

Revenue growth2,626.64%

Gross margin (FY2025)53.42%▼46.6ppvs FY2024

Operating margin (FY2025)-405.7%▲5089.1ppvs FY2024

ROE-44.82%▼15.3ppvs FY2025

Analyst consensus

Rating—

Target price—

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Sep 30, 2023

Q4 FY23 · EPS est — · Revenue est —

View