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Spok, Inc., a wholly owned subsidiary of Spok Holdings, Inc. (NASDAQ: SPOK), is proud to be a global leader in healthcare communications. We deliver clinical information to care teams when and where it matters most to improve patient outcomes.
$10.64
$0.09 (-0.84%)
EOD Jul 17, 2026
14.11% operating margin is respectable but not wide. ROIC at 8.93%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue growth slowed to 1.5%, essentially flat. This is a business that needs a catalyst.
Even for strong businesses, today's 18x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
18.0x earnings, 8.8x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$137M
▲ +1.5% YoY
Net Income (TTM)
$13M
▲ +6.1% YoY
Op. Margin
11.81%
▲ +0.3pp YoY
ROIC
7.15%
▲ +0.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$26M
▼ -2.0% YoY
Op. Cash Flow (TTM)
$29M
Net Debt
-$11M
Net Cash Position
Cash & Equiv.
$17M
5Y CAGR: -1.2%
5Y CAGR: +2.1%
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At a P/E of 18.0 and a price-to-free-cash-flow of 8.8, Spok Holdings (SPOK) trades below a two-stage DCF intrinsic value of about $61.46 per share, so at $10.64 the stock looks undervalued (477.7% 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, Spok Holdings scores 64/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 12.1%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $61.46 per share for SPOK, 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 $46.10. At today's $10.64, that puts the stock about 477.7% 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.
Spok Holdings scores 64 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 11.8% operating margin and a 7.2% 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.
Yes, Spok Holdings pays a regular dividend of about $1.29 per share per year (typically in quarterly installments), a yield of roughly 12.1% at the current price. That is a payout ratio of about 215.2% of earnings, so the dividend is stretched at this level. Spok Holdings has grown the dividend at roughly 28.4% a year over the past few years. 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 SPOK's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. SPOK currently trades below its estimated intrinsic value and scores 64/100 on quality (solid). It also yields about 12.1%. 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.