FullNet Communications, Inc. (FULO): fair value, margin of safety and Wheel Score

Is FULO undervalued?

At 0.3450 (close of 5 Nov 2026), FULO trades 35% below the GLS average fair value of 0.5313. That average comes from 9 models run on the latest filings, and 6 of them land above the current price. Margins of safety over 30% are the exception rather than the rule across the ~7,400 stocks we value each night, so the number earns FullNet Communications, Inc. the full Value points in the Wheel Score - and a closer look at what the market is pricing in.

The 9 models disagree widely: Lynch gives 0.0341 while 10 Cap gives 1.04. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.

Ranked against every other company we cover, neither cheapness nor growth clearly wins for FULO, so the nightly engine files it under Blend (value score 49, growth score 50, out of 100). It also carries the Income tag (Income = a dividend yield of 4% or more).

Nine valuation models for FULO

Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.

Quality and financial health

Financial health is average - FULO passes 5 of the nine Piotroski tests, which falls one point short of the "Piotroski 6 or more" Wheel Trade Filter. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is 7.9 out of 10 - high returns on capital, steady margins and growth that held up through bad years point to a durable business.

Returns on capital are high - ROIC 39.3%, ROE 48.4%, ROA 20.1% - with debt at 0.23 times equity and a free-cash-flow yield of 11.8%.

The dividend yield is high at 14.75% (payout ratio 193%) - a payout above 100% of earnings, which is not covered by profits. A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual.

Institutional ownership scores 5/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.

Wheel Score 35: No options

FULO has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business. It fails the first Wheel Trade Filter (options that actually trade), so the score stays under 70 and is shown as "No options" (35 here). The valuation and quality numbers still apply to owning the shares outright.

Volume runs at 1k shares a day on a market cap of $7M, with a beta of 0.41 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.

The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.

Upcoming events

No upcoming earnings date is recorded for FULO in the nightly calendar.

Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.

Similar stocks in Telecommunications Services

The 12 companies below are the closest to FullNet Communications, Inc. by market cap within the Telecommunications Services industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.

⚖ Compare FULO with 7 of them   All Communication Services stocks →