Added to YB: 2024-04-05
Pitch date: 2024-04-04
GOGO [bullish]
Gogo Inc.
-46.93%
current return
Author Info
Company Info
Gogo Inc., together with its subsidiaries, provides broadband connectivity services to the aviation industry in the United States and internationally.
Market Cap
$558.2M
Pitch Price
$8.31
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.83
P/E
-96.41
EV/Sales
1.62
Sector
Wireless Telecommunication Services
Category
growth
GoGo: A Wide Moat At a Free Cash Flow Inflection?
GOGO: Inflight wifi provider with exclusive spectrum, focusing on private jets post divestiture. 5G upgrade + LEO sat partnership to boost speeds, open new markets. Sticky customers paying $3.5K/mo despite $1M+ jet costs. Pricing power + tech lead over Starlink. Projecting $150-200M FCF in '25 ($20-40M in '24) as upgrades go live. At $1.6B EV, a 12.5% '25 FCF yield. Risks: Continued 5G delays, LEO underperformance, disruptive tech. Mgmt aligned (CEO 20% owner). Buybacks signal FCF confidence.
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