jab-1 value = 91c, page-6

Just for interests sake, some metrics of the mature listed satellite companies for peoples consideration:

Eutelsat - EBITDA margin 79%, 15.6 PE, 4% dividend yield
SES - EBITDA margin 74%, 16.72 PE, 4.2% dividend yield
Inmarsat - EBITDA margin 75%, 11.84 PE, 5.2% dividend yield

These all have there differences in terms of customer mix, number of sats, type of sats, etc. But its a good point of reference.

I would even with J1 in the sky we might continue to see a PE materially higher than these, given the growth across the other satellites. Down the track a payout ratio similar to these operators is possible.