COMPARE · Reviewed July 29, 2026
GSAT vs VEON
Verdict: Side-by-side breakdown using the Bull Rankings model. GSAT scored 62.8, VEON scored 61.8 — GSAT leads.
Compare another set
GSAT
Globalstar, Inc.
62.8
$80.02 · $10.3B
fundamentals as of
Score gap
1.0
GSAT leads
VEON
VEON Ltd.
61.8
$53.09 · $3.7B
fundamentals as of
The model, pillar by pillar (0–100 each)
GSAT
stronger →← stronger
VEON
40
Qualityreturns · margins · balance sheet
78
80
Growthrevenue & earnings expansion
76
77
Valuevaluation vs sector peers
39
GSAT is stronger on 2 of 3 pillars.
Fundamentals, head-to-head
GSAT
VEON
$600mC+
FCF
$620mC+
+11.5%B
Rev
+9.9%B
1.57C
D/E
2.91C
36.4xD
P/S
—
0.50A
PEG
2.23C
—
P/E
7.1xA
Winner per row is the stronger grade in our model; a tie or a missing value shows no highlight.
Valuation · DCF cross-check
GSAT
VEON
100% above
Price vs fair valuelower is cheaper
57% below
~16%/yr
Growth the price implies10-yr FCF · lower = less priced in
~-10%/yr
-45%
1-yr DCF upside
+92%
-50%
5-yr DCF upside
+133%
-56%
10-yr DCF upside
+205%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
The companies
GSATGlobalstar, Inc.
Why now
Telecom Services · market cap $10.3b. 6% off the 52-week high of $84.70. Revenue growing +11%, comfortably above the S&P median. PEG 0.50 — paying under fair value for the growth rate. 3 sell-side analysts publish a mean 1-yr target of $90.00 (implying +12% upside).
Moat
Turnaround / out-of-favor name — GAAP-unprofitable for now, so the durability case is forward-looking: it rests on a recovery (margin normalization, a cyclical upturn or restructuring) or an un-monetized asset (IP / network effects / first-mover position) rather than on current reported results.
Risk
Currently unprofitable (margin -3.1%) — path to GAAP profitability is the core thesis risk. Beta 1.54 implies above-market volatility — position-size to the drawdowns this name will produce in a market correction, not to its bull-case return. P/S 36.4x embeds aggressive forward growth — disappointing top-line guidance would compress the multiple hard.
VEONVEON Ltd.
Why now
Telecom Services · market cap $3.7b. 17% off the 52-week high of $64.00. 7 sell-side analysts publish a mean 1-yr target of $82.87 (implying +56% upside).
Moat
Net margin 13% beats the market median by a meaningful margin — the company is keeping more of every revenue dollar than the average S&P constituent. ROE 36% — top-decile capital efficiency. Either pricing leverage, low capital intensity, or aggressive buybacks; the durability story depends on which. FCF converts 105% of net income — earnings translate cleanly into cash, a sign that working capital and capex are well-disciplined.
Risk
D/E 2.91 is elevated — limits strategic flexibility and raises refinancing exposure if rates stay higher for longer. Beta 1.63 implies above-market volatility — position-size to the drawdowns this name will produce in a market correction, not to its bull-case return.
Verdict — model-derived comparison
Generating verdict… typically 5–10 seconds
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