EN DE

FullNet Communications, Inc (FULO) Fair Value & Analysis

Communication Services · US · Market cap $7.9M

FC FullNet Communications, Inc logo FullNet Communications, Inc FULO · US
Price$0.3500
Fair Value$0.6500
Upside+85.7%
Quality79/100
Watch FullNet Communications, Inc for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Solidly profitable · 12.7% net margin
Low debt · generates free cash flow
3.04% dividend yield
Mixed vs. peers (6/14)
Wide moat 66/100
Evidence: High Range $0.5200 – $0.9600 Share as image

Fair value as of: Jul 17, 2026

From 26 valuation models · updated 24 days ago

Share price −34.8% over the past month.

A strong business, screening 86% undervalued on our models.

What matters now

  • The rarer combination: high quality (79/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case ($0.5200). The market is more pessimistic than our downside scenario.
  • A fairly wide model range ($0.5200 to $0.9600) leaves room in how you read the outcome.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

$0.9649 $0.0031 Fair Value $0.6500 Jun 2015 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range $0.0031 – $0.9649 · fair‑value band $0.5200 – $0.9600 · the $0.3500 price screens below the $0.6500 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

FullNet Communications, Inc (FULO) currently trades at $0.3500, while our model-based Fair Value estimate is $0.6500, implying the stock looks roughly 85.7% undervalued today. The Quality Score stands at 79/100 (high quality), in the Communication Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, FullNet Communications, Inc generated revenue of $4.2M at a net margin of 12.7%. Revenue grew 1.2% year over year. It earns a return on equity of 35.2%. The balance sheet holds a net cash position of $2.9M. Fundamentals as of Jul 17, 2026

Our scenario range runs from $0.5200 (bear case) to $0.9600 (bull case); at $0.3500, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 35% below its 52-week high and 15% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 32% fair-value upside, at 86%, FULO screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF $0.5700 $0.7200 $0.8800 80
Residual Income $0.1700 $0.2100 $0.6700 76
Rev-Margin DCF $0.5400 $0.7400 $0.9700 74
All 26 models by family
DCF Models
FCF DCF $0.5700 $0.7400 $0.9500 38
Owner Earnings $0.4800 $0.6000 $0.7600 31
5Y Revenue Exit $0.5400 $0.7400 $0.9800 39
5Y EBITDA Exit $0.5300 $0.7200 $0.9300 41
5Y P/E Exit $0.6500 $0.9400 $1.25 38
10Y Revenue Exit $0.5400 $0.7100 $0.9200 36
10Y EBITDA Exit $0.5400 $0.6900 $0.8900 37
10Y P/E Exit $0.6100 $0.8300 $1.10 35
Earnings-Based
Graham-Dodd $0.2600 $0.8200 $1.09 54
Lynch FV $0.1800 $0.2600 $0.3400 50
PEG = 1.0 $0.1800 $0.2600 $0.3400 46
EPV $0.3800 $0.4100 $0.4300 59
Dividend Discount
Gordon GGM $0.2200 $0.3600 $0.4700 70
DDM Multi-Stage $0.2200 $0.3300 $0.3900 61
Multiples
P/E Multiple $0.6200 $0.8300 $1.03 63
P/S Multiple $0.4800 $0.6400 $0.8000 58
P/B Multiple $0.2000 $0.2700 $0.3400 55
EV/EBIT $0.6500 $0.8200 $0.9800 53
EV/EBITDA $0.5400 $0.6600 $0.7900 54
EV/Revenue $0.5400 $0.7000 $0.8600 43
Asset-Based
NCAV (Graham) $0.0400 $0.0500 $0.0800 50
Growth DCF
Growth DCF $0.5700 $0.7200 $0.8800 80
Rev-Margin DCF $0.5400 $0.7400 $0.9700 74
Economic Profit
Residual Income $0.1700 $0.2100 $0.6700 76
ROIC Compounder $0.3800 $0.4100 $0.4300 72
Growth Earnings
Growth-Adj P/E $0.5200 $0.7400 $0.9600 68

Widest divergence: Growth Earnings ($0.7400) versus Asset-Based ($0.0500). Highest evidence: Growth DCF (80).

Notify me when FULO reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) $4.2M
Revenue growth (YoY) +1.2%
Net margin 12.7%
Return on equity 35.2%
Free cash flow $969K FY2025
P/E ratio 20.0
More key figures
Operating margin 4.0%
EPS (TTM) $0.0200
Dividend yield 3.0%
EPS growth (YoY) +941%
Net cash $2.9M FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 79/100

Of which business quality 77 · Market factors (momentum, volatility) 52

Profitability 93
Margins and returns on capital today
Quality Growth 58
Are margins and returns improving?
Cashflow 76
Earnings quality: real cash, not paper profit
Fin. Strength 72
Balance sheet, leverage, solvency risk
Investment 87
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 54
Price trend over the last 3–12 months (market factor)
52W Momentum 51
Distance to the 52-week high (market factor)
Net Issuance 76
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

FullNet Communications, Inc., together with its subsidiaries, provides integrated communications services to individuals, businesses, organizations, educational institutions, and governmental agencies in the United States.

Full company description

FullNet Communications, Inc., together with its subsidiaries, provides integrated communications services to individuals, businesses, organizations, educational institutions, and governmental agencies in the United States. It provides mass notification services using text messages and automated telephone calls; carrier-neutral equipment colocation services; Internet access services; web hosting and related services; customized live help desk outsourcing services; and voice and data solutions. The company was formerly known as CEN-COM of Oklahoma, Inc. and changed its name to FullNet Communications, Inc. in December 1995. FullNet Communications, Inc. was incorporated in 1995 and is based in Oklahoma City, Oklahoma.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

FullNet Communications, Inc reported revenue of $5.1M in FY2025 versus $4.1M in FY2021, a compound +5.4%/yr. Reported net income was $740K in FY2025, compounding −4.6%/yr from FY2021.

Growth Quality 86/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$5.1M
Latest YoY
+11.4%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.2%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.8%
Avg. growth/yr (25Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+4.0%
Revenue +5.4%/yr
FY21 $4.1M
FY22 $4.3M
FY23 $4.2M
FY24 $4.6M
FY25 $5.1M
Net income −4.6%/yr
FY21 $893K
FY22 $672K
FY23 $532K
FY24 $549K
FY25 $740K

Watch FULO: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "FullNet Communications, Inc Fair Value". https://www.fairvalue-calculator.com/stock/FULO

Peer Group

Telecom Services · 250 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 79 · Top 25%
Fair Value upside +86% · Top 25%
Return on equity (TTM) 35% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 4% · Below median
Revenue growth 1% · Below median
Dividend yield (TTM) 3.0% · Below median
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Telecom Services median · lower = cheaper

P/E (TTM) 20.0× · Pricier than median
P/B 5.15× · Pricier than 75% of peers
P/S (TTM) 1.88× · Pricier than median
P/FCF 8.1× · Pricier than median
EV/EBITDA 8.9× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 29
FUTURE 6 · sector 15
PAST 100 · sector 28
HEALTH 99 · sector 88
DIVIDEND 61 · sector 73

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Telecom Services stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
China Mobile Limited 600941 ¥89.98 ¥109.88 +22%
T-Mobile US, Inc TMUS $187.61 $172.67 -8%
Bharti Airtel Limited BHARTIARTL ₹1,922 ₹941.55 -51%
China Telecom Corporation 601728 ¥6.01 ¥8.36 +39%
América Móvil, S.A. AMXB 23.07 MXN 30.35 MXN +32%
Vodafone Group VODN 259.50 MXN 507.27 MXN +95%
Advanced Info Service Public Company ADVANC 379.00 THB 286.77 THB -24%
Chunghwa Telecom Co 2412 133.50 TWD 100.00 TWD -25%
China Unicom (Hong Kong) Limited 0762 HK$6.50 HK$13.03 +100%
Telefónica, S.A TEFN 75.67 MXN 111.01 MXN +47%

Compare FullNet Communications, Inc with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Communication Services stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is FullNet Communications, Inc (FULO) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of $0.6500 versus a price of $0.3500, about +86% (undervalued).
What is the fair value of FULO?
Our model-based fair value for FullNet Communications, Inc is $0.6500 (as of Jul 17, 2026), built from audited fundamentals. The current price is $0.3500.
What is the quality score of FULO?
FullNet Communications, Inc has a Quality Score of 79/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of FullNet Communications, Inc (FULO)?
FullNet Communications, Inc reported trailing-twelve-month revenue of about $4.2M (latest available figure, as of Jul 17, 2026).
What is the net profit margin of FULO?
The net profit margin of FullNet Communications, Inc is about 12.7%, meaning it keeps roughly 12.7% of revenue as net income. Based on the latest reported figures.
Does FullNet Communications, Inc pay a dividend?
FullNet Communications, Inc currently shows a dividend yield of about 3.04% relative to its recent price (as of Jul 17, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track FullNet Communications, Inc and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.