COMP <GO>

GSAT vs V // DIVIDEND YIELD & FCF PAYOUT SAFETY

Globalstar Inc. (NASDAQ) VS. Visa Inc. (NYSE) • 15-METRIC TALLY: GSAT 3 — V 10

▲ DIVIDEND YIELD & FCF PAYOUT SAFETY LEADER: V

LAST: $82.30 (-1.47%) • MKT CAP: $10.82B

dividend-safety

0.10%

LAST: $413.59 (+0.74%) • MKT CAP: $733.53B

dividend-safety

0.63%

15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (GSAT VS. V) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	GSAT	V	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	41.00%	41.00%	0.00	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	0.70%	32.30%	-31.60	V	/roic <GO>
EV/EBITDA & P/E Valuation	95.0x	28.9x	+66.10	V	/valuation <GO>
Free Cash Flow Yield	5.63%	2.90%	+2.73	GSAT	/fcf-yield <GO>
Operating Margin	2.70%	60.00%	-57.30	V	/operating-margins <GO>
Net Profit Margin	-3.20%	50.10%	-53.30	V	/net-margins <GO>
Revenue Growth (YoY)	9.00%	11.30%	-2.30	V	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety ACTIVE	0.10%	0.63%	-0.53	V	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	2.29	9.09	-6.80	V	/balance-sheet <GO>
Piotroski F-Score Quality	7/9	9/9	-2.00	V	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	7.10%	7.10%	0.00	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	44.7	69.4	-24.76	V	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	1.07	1.06	+0.01	GSAT	/macro-sensitivity <GO>
Forward P/E Multiple	29.0x	34.0x	-5.00	GSAT	/forward-pe <GO>
Enterprise Scale & Market Cap	$10.82B	$733.53B	-$722.71B	V	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	GSAT REV	V REV	GSAT GROSS %	V GROSS %	GSAT FCF	V FCF
FY 2025	$273.0M	$40.00B	44.0%	44.0%	$609.4M	$21.26B
FY 2024	$250.3M	$35.93B	44.0%	44.0%	$427.9M	$18.33B
FY 2023	$223.8M	$32.65B	44.0%	44.0%	$64.3M	$19.29B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

GSAT // BETA 1.07

V // BETA 1.06