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OWL LABS EQUITY RESEARCH
IRDM · SIGNATURE REPORT OWL-260729-IRDM · JULY 29, 2026
SIGNATURE QUANT PROFILE · NASDAQ
Iridium Communications Inc. IRDM · NASDAQ
USD listed
OWL VERDICT
CAUTIOUS
Grade C · Score 58 / 100
⚠ Failed primary financial screen
LAST PRICE
$45.44
▼ -1.1%
OWL FAIR VALUE
$32.06
-29.4% vs price
STREET TARGET
$42
-7.6% · 5 analysts
MARKET CAP
$4.8B
div yield 1.31%
P/E · P/B
52.8 · 10.2
ROE 24.7%
52-WEEK RANGE
15.7–57.2
now at 72th pctile
Investment Summary
01
Quality vs. price, measured. Quality axes (ROE 24.7%, op. margin 27.1%) score 40/40; value axes (P/E 52.8x, P/B 10.19x, EV/EBITDA, dividend) score 21/80. The composite 58/100 (grade C) is that arithmetic.
02
Smart money holds. 2 of 9 tracked 13F managers hold IRDM — 0 adding, 2 trimming this quarter. Filed positions, not opinions (details p.3).
03
0 of 5 value strategies pass. No mechanical screen admits IRDM; the other 5 reject on their coded rules (details p.2).
04
What would change this report. Model fair value is $32.06 (-29.4% vs price); The verdict changes only when the data changes — screening reruns every weekday.
THE OWL VIEW
The composite lands mid-range: 58/100 — 0/5 value screens pass; 2 of 9 tracked managers hold. We grade IRDM C — Cautious: the data supports watching, not chasing, at current measurements.
This report aggregates Owl Labs quant modules — 7-axis screener, 5 value strategies, 9 guru 13F filings, fair-value model, technical signals and news. All figures are measured from data sources as of the date above; sentences are rule-based templates (no generative claims). The score is a fitness test of reported fundamentals against today’s price — a screener, not a forecast; forward growth is not part of the score. Not investment advice.
IRDM · SIGNATURE REPORT OWL-260729-IRDM · JULY 29, 2026
Valuation — Five Value Disciplines
SECTION 02 OF 5
Each strategy is a mechanical screen coded from the discipline's published rules — a stock either passes or it does not. IRDM passes 0 of 5. Verdicts are computed, not opined; the measured inputs are shown for audit.
STRATEGY
MECHANICAL CRITERIA
VERDICT
MEASURED INPUTS
Graham Defensive
Low P/E × low P/B composite screen
FAIL
P/E×P/B 538
Greenblatt Magic Formula
Earnings yield + return on capital, top 30%
FAIL
E/P 1.9% · ROE 24.7%
Prasad Deep Value
Low P/B, low leverage, positive earnings
FAIL
P/B 10.19x
Simple DCF
OWL LABS EQUITY RESEARCH
IRDM · SIGNATURE REPORT OWL-260729-IRDM · JULY 29, 2026
Smart-Money Positioning — 9 Tracked Managers
SECTION 03 OF 5
Holdings from SEC 13F filings (latest period 2026-03-31; filed ~45 days after quarter end — stale by design). Weight = % of the manager's disclosed US long book. 2 of 9 managers hold IRDM. These are filed positions — not the managers' opinions on this stock.
MANAGER
FUND
STYLE
WEIGHT
ACTION
STYLE LENS (RULE-BASED)
Warren Buffett
Berkshire Hathaway Inc.
Value
—
NO POSITION
Value lens: P/E 52.8x · P/B 10.19x
Ray Dalio
Bridgewater Associates, LP
Macro
0.0%
TRIMMED
0.0% of disclosed book · $3M
OWL LABS EQUITY RESEARCH
IRDM · SIGNATURE REPORT OWL-260729-IRDM · JULY 29, 2026
Tape, Catalysts & Risk Register
SECTION 04 OF 5
Technical Readout
Collecting…
Catalyst Calendar
No confirmed earnings date in calendar
Every weekday — quant screening refreshscore update
Quarterly — 13F filing window (~45d after quarter end)13F refresh
Forward Signals (unscored) consensus data · never scored
Street target consensus$42 (5)
Implied upside vs price-7.6%
OWL LABS EQUITY RESEARCH
IRDM · SIGNATURE REPORT OWL-260729-IRDM · JULY 29, 2026
Financial Record & Final Judgment
SECTION 05 OF 5
FISCAL YEAR
FY2023
FY2024
FY2025
Revenue
$791M
$831M
$872M
Operating income
$82M
$200M
$236M
Net income
$15M
$113M
$114M
Op. margin
10.3%
24.1%
27.1%
Net margin
1.9%
13.6%
13.1%
ROE
1.7%
19.6%
24.7%
20/20
Op. margin
20/20
EV/EBIT
2/20
Dividend
11/20
Attention
10/20
Composite (incl. adj.)58 / 100 · C
US universe rank#349 of 623 · top 56%
Value screens passed0 / 5
52-wk range position72%
Next earningsTBA
Axis weights are proprietary; axis names and raw scores are disclosed. Attention measures news & search interest — a crowding proxy, not a quality signal.
One-line read: Listed name scoring 58/100 (grade C), passing 0/5 value strategies, held by 2 of 9 tracked gurus.
Conservative discounted cash flow vs price
FAIL
Model $32.06 vs $45.44
Damodaran Relative
Multiples vs sector median, growth-adjusted
FAIL
P/E 52.8x · rev +4.9%
Fair-Value Bridge method blend, measured
Growth/quality-adjusted PER (w20%)$20.66
Justified PBR (ROE-based) (w20%)$13.63
Analyst target (5) (w60%)$42
Owl fair value / share$32.06
Upside at $45.44-29.4%
MODEL INPUTS (DISCLOSED)
P/E · P/B52.8x · 10.19x
ROE (latest FY)24.7%
ROE (3-yr avg, normalized)15.3%
Revenue CAGR (2-yr)+5.0%
Band: EXPENSIVE · justified-multiple model with quality/growth adjustments — an estimate, not a promise.
Sensitivity value per share
EARNINGS ↓ / MULTIPLE →
-10%
base
+10%
-10%
$16.74
$18.6
$20.45
base (measured)
$18.6
$20.66
$22.73
+10%
$20.45
$22.73
$25
Simple sensitivity (reference): ±10% arithmetic on the measured P/E-method value — earnings basis × fair multiple. Not a forecast; no projected figures are used.
Read this like a memo: the model says $32.06 and the Street consensus says $42 (5 analysts). The gap is the assumption set — both are computed from disclosed inputs above; underwrite the difference yourself.
Information only — not investment advice · Sources: exchange data · SEC EDGAR · DART · Owl Labs models
2 of 9 tracked managers hold IRDM; net flow skews to distribution (2 trimming vs 0 adding). These are filed positions, not opinions — the lens column restates each manager's public style against measured metrics only.
13F filings disclose US-listed long positions ~45 days after quarter end (latest period: 2026-03-31). "Style lens" lines relate this stock to each investor's public style using measured metrics only — they are not the managers' actual views.
Information only — not investment advice · Sources: exchange data · SEC EDGAR · DART · Owl Labs models
Shown for context, never scored: the composite grades only reported fundamentals. Forward numbers are third-party consensus — treat them as the market’s assumption set, not ours.
Risk Register
HIGH
Failed primary financial screen. Debt/liquidity gate not cleared — the composite grade carries a structural caveat (cover page).
MODEL
Valuation gap. Price sits -29.4% vs model fair value $32.06 — price, not quality, is the exposed variable.
MEDIUM
Drawdown state. Price sits -20.5% below the 52-week high (72th percentile of the range) — measured tape, not a judgment of cause.
WHAT THE BEARS MUST PROVE / WHAT THE BULLS MUST PROVE
Bears: that the measured quality base cracks — ROE 24.7% and op. margin 27.1% are what the score leans on. Bulls: that the premium is earned — price sits 29.4% above the model's $32.06; measured growth (revenue YoY +4.9%) has to carry that gap.
Information only — not investment advice · Sources: exchange data · SEC EDGAR · DART · Owl Labs models
07/28 — Iridium Communications (IRDM) Could Be 38% Below Fair Value On Earnings And PNT Launch (Yahoo Finance UK)
07/28 — Why Rocket Lab (RKLB) Stock Is Up Today (Yahoo Finance UK)
07/27 — How Iridium’s New Anti-Jamming PNT Chip And Mixed Q2 Results At Iridium Communications (IRDM) Has Changed Its Investment Story (Yahoo Finance)
External media — accuracy rests with each outlet.
Methodology & how to use
Every number in this report is measured — pulled from the screener database, SEC EDGAR 13F filings, DART disclosures, company financials, or deterministic models (justified-multiple fair value). Sentences are rule-based templates bound to those numbers; nothing is generated, so nothing is hallucinated. Axis weights and the sector adjustment are proprietary; axis names, raw scores, and every input above are disclosed for audit.
Known limits, stated plainly. ① Backward-looking — the score grades reported fundamentals and today's price; future inflections (a cycle turn, next year's earnings) are not scored and appear only as unscored context (street target, catalysts). A low score can mean "great business, full price". ② The composite is this framework's ranking, not an absolute quality of the company. ③ 13F covers US-listed holdings only. Use the report as a screener; pair it with your own forward and qualitative work before acting.
C
CAUTIOUS
Final judgment. IRDM scores 58/100 (grade C) — rank #349 of 623 in the US universe. Axis split: quality 40/40 · value 21/80 · attention 10/20. Model fair value $32.06 (-29.4% vs price). The verdict changes only when the data changes.
Grade rubric: A 85+ (top conviction basket) · B 65+ (sound, price matters) · C 45+ (no rush) · D below (weak case). The verdict changes only when the data changes — next screening runs every weekday.
Owl Labs is an online information provider. This document is compiled from public data sources (exchange quotes, SEC EDGAR 13F, DART filings, company financials, news RSS) and Owl Labs quantitative models. It is not investment advice, not a solicitation to trade any security, and past data does not guarantee future results. Figures may differ from real-time values. Final investment decisions and responsibility rest solely with the investor. Unauthorized redistribution prohibited.
