Stock fact sheet · data as of
FullNet Communications, Inc. (FULO): fair value, margin of safety and Wheel Score
Communication Services · Telecommunications Services · United States · High Yield Income
Is FULO undervalued?
At 0.3300 (close of 16 Oct 2026), FULO trades 38% below the GLS average fair value of 0.5307. 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.
The nightly engine files FULO under High Yield Income: a dividend yield above 4%.
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.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 0.9108 | +176% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 0.2057 | -38% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 0.3492 | +6% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 0.0341 | -90% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 0.2188 | -34% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 1.04 | +216% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 0.8866 | +169% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 0.7490 | +127% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 0.3777 | +14% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 0.0554 | -83% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - FULO passes 5 of the nine Piotroski tests, which falls one point short of the Sunday Scan's "6 or more" rule. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is 6.2 out of 10: a ten-year record that is consistent in some of the metrics the score tracks (revenue, earnings, margins, cash flow, returns on capital) and patchy in others.
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 12.4%.
The dividend yield is high at 15.42% (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.
| Piotroski F-score | 5 / 9 | ROIC | 39.3% |
|---|---|---|---|
| GLS Moat | 6.2 / 10 | ROE | 48.4% |
| Debt / equity | 0.23 | ROA | 20.1% |
| Free-cash-flow yield | 12.4% | Payout ratio | 193% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 39: 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; the Wheel Score is capped at 39 and shown as "No options" (39 here). The valuation and quality numbers still apply to owning the shares outright.
Volume runs at 10k shares a day on a market cap of $6M, 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 gives that 6 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 38% margin of safety | |
| Health | 11 / 20 | Piotroski 5/9 | |
| Moat | 9 / 15 | moat 6.2/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 6 / 20 | 10k shares/day, $6M cap, beta 0.41 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score 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.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| PCLA PicoCELA Inc. | 5.94 | - | - | 24No options | $5M |
| IOTR iOThree Limited Ordinary Shares | 2.61 | - | - | 15No options | $8M |
| UCL uCloudlink Group Inc. | 0.2269 | - | - | 26No options | $9M |
| IQST iQSTEL Inc. | 0.9248 | - | - | 28No options | $9M |
| ATGN Altigen Communications, Inc. | 0.4300 | 0.9137 | +53% | 39No options | $11M |
| FNGR FingerMotion, Inc. | 0.1847 | - | - | 38Weak | $11M |
| CIBY CIBL, Inc. | 1,720.00 | 642.19 | -168% | 25No options | $20M |
| OMCC Old Market Capital Corporation | 3.80 | - | - | 27No options | $26M |
| ELWT Elauwit Connection, Inc. Common Stock | 5.57 | - | - | 28No options | $37M |
| AOAO Alpha One Inc. | 3.55 | 15.26 | +77% | 39No options | $39M |
| CABO Cable One, Inc. | 8.47 | 1,651.06 | +99% | 39No options | $48M |
| KNIT Kinetic Group Inc. | 2.00 | - | - | 22No options | $53M |
⚖ Compare FULO with 7 of them All Communication Services stocks →
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Start free See the Sunday ScanQuestions about FULO
Is FULO undervalued right now?
By the GLS models, yes: at 0.3300 the stock is 38% below the average fair value of 0.5307 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of FULO and what does it mean?
FULO has no listed options in our nightly snapshot, so it cannot be wheeled; its Wheel Score is capped at 39 and shown as "No options".
What is the GLS fair value for FULO?
0.5307 per share as of 16 Oct 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does FullNet Communications, Inc. report earnings next?
No upcoming earnings date is recorded for FULO in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does FULO have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on FULO, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.