Fullnet Communications Inc.
Through our subsidiaries, we have historically provided high quality, reliable and scalable Internet access, web hosting, local telephone service, equipment colocation, customized live help desk outsourcing services, mass notification services using text messages and automated telephone calls, as well as advanced voice and data solutions. As explained below, the majority of our focus going forw…
$0.33
+$0.00 (+0.00%)
Price from 3 days ago
12.22% operating margin is respectable but not wide. ROIC at 22.30%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue declined 1.8% YoY. Margins deteriorated 7.2pp alongside, both lines moving the wrong way.
ROIC dropped from 34.89% to 22.30%, capital efficiency is deteriorating. Operating margin contracted 7.2pp YoY, cost discipline may be slipping.
12.2x earnings, 9.4x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$4M
▼ -1.8% YoY
Net Income (TTM)
$532K
▼ -20.8% YoY
Op. Margin
12.22%
▼ -7.2pp YoY
ROIC
22.30%
▼ -12.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$690K
▼ -4.8% YoY
Op. Cash Flow (TTM)
$690K
▼ -10.9% YoY
Net Debt
-$3M
Net Cash Position
Cash & Equiv.
$3M
5Y CAGR: +15.1%
5Y CAGR: +31.0%
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SourceComputed from the 10-Q filed 27 Mar 2024, covering the period ending 31 Dec 2023, as reported to the SEC. Data last refreshed 14 Oct 2026. How this is calculated.
Price from market data, last close as of 15 Oct 2026. Fiscal year ends Dec. Sector medians are approximate S&P 500 benchmarks and update periodically.
Is Fullnet Communications (FULO) overvalued?
At a P/E of 12.2 and a price-to-free-cash-flow of 9.4, Fullnet Communications (FULO) trades below a two-stage DCF intrinsic value of about $1.19 per share, so at $0.33 the stock looks undervalued (261.4% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Fullnet Communications scores 55/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 4.0%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Fullnet Communications's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $1.19 per share for FULO, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $0.89. At today's $0.33, that puts the stock about 261.4% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Fullnet Communications a high-quality business?+
Fullnet Communications scores 55 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a 12.2% operating margin and a 22.3% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does Fullnet Communications (FULO) pay a dividend, and how much?+
Yes, Fullnet Communications pays a regular dividend of about $0.01 per share per year (typically in quarterly installments), a yield of roughly 4.0% at the current price. That is a payout ratio of about 48.3% of earnings, so the dividend is well covered. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For FULO's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is Fullnet Communications a good stock to buy right now?+
That depends on valuation and quality together, not either alone. FULO currently trades below its estimated intrinsic value and scores 55/100 on quality (mixed). It also yields about 4.0%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.