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VIRGIN GALACTIC HOLDINGS INC (1SPCE.MI) Stock Fundamental Analysis

BIT:1SPCE - Euronext Milan - US92766K4031 - Common Stock - Currency: EUR

3.7455  -1.8 (-32.51%)

Fundamental Rating

3

1SPCE gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 41 industry peers in the Aerospace & Defense industry. While 1SPCE seems to be doing ok healthwise, there are quite some concerns on its profitability. 1SPCE shows excellent growth, but is valued quite expensive already.


Dividend Valuation Growth Profitability Health

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0

1. Profitability

1.1 Basic Checks

In the past year 1SPCE has reported negative net income.
1SPCE had a negative operating cash flow in the past year.
1SPCE had negative earnings in each of the past 5 years.
1SPCE had a negative operating cash flow in each of the past 5 years.
1SPCE.MI Yearly Net Income VS EBIT VS OCF VS FCF1SPCE.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 0 -200M -400M -600M

1.2 Ratios

1SPCE has a Return On Assets of -36.83%. This is amonst the worse of the industry: 1SPCE underperforms 91.89% of its industry peers.
Looking at the Return On Equity, with a value of -102.27%, 1SPCE is doing worse than 83.78% of the companies in the same industry.
Industry RankSector Rank
ROA -36.83%
ROE -102.27%
ROIC N/A
ROA(3y)-39.83%
ROA(5y)-47.04%
ROE(3y)-81%
ROE(5y)-85.6%
ROIC(3y)N/A
ROIC(5y)N/A
1SPCE.MI Yearly ROA, ROE, ROIC1SPCE.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 0 -20 -40 -60 -80 -100

1.3 Margins

The Profit Margin and Operating Margin and Gross Margin are not available for 1SPCE so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
1SPCE.MI Yearly Profit, Operating, Gross Margins1SPCE.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 0 -50K -100K -150K -200K -250K

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5

2. Health

2.1 Basic Checks

1SPCE does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, 1SPCE has less shares outstanding
The number of shares outstanding for 1SPCE has been reduced compared to 5 years ago.
1SPCE has a better debt/assets ratio than last year.
1SPCE.MI Yearly Shares Outstanding1SPCE.MI Yearly Shares OutstandingYearly Shares Outstanding 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M 250M
1SPCE.MI Yearly Total Debt VS Total Assets1SPCE.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B

2.2 Solvency

1SPCE has an Altman-Z score of -3.81. This is a bad value and indicates that 1SPCE is not financially healthy and even has some risk of bankruptcy.
1SPCE has a Altman-Z score of -3.81. This is amonst the worse of the industry: 1SPCE underperforms 89.19% of its industry peers.
1SPCE has a Debt/Equity ratio of 1.15. This is a high value indicating a heavy dependency on external financing.
1SPCE's Debt to Equity ratio of 1.15 is on the low side compared to the rest of the industry. 1SPCE is outperformed by 72.97% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.15
Debt/FCF N/A
Altman-Z -3.81
ROIC/WACCN/A
WACC6.35%
1SPCE.MI Yearly LT Debt VS Equity VS FCF1SPCE.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 0 200M -200M 400M -400M 600M 800M

2.3 Liquidity

A Current Ratio of 4.52 indicates that 1SPCE has no problem at all paying its short term obligations.
1SPCE's Current ratio of 4.52 is amongst the best of the industry. 1SPCE outperforms 100.00% of its industry peers.
1SPCE has a Quick Ratio of 4.52. This indicates that 1SPCE is financially healthy and has no problem in meeting its short term obligations.
1SPCE has a better Quick ratio (4.52) than 100.00% of its industry peers.
Industry RankSector Rank
Current Ratio 4.52
Quick Ratio 4.52
1SPCE.MI Yearly Current Assets VS Current Liabilites1SPCE.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B

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7

3. Growth

3.1 Past

1SPCE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 53.71%, which is quite impressive.
Looking at the last year, 1SPCE shows a very strong growth in Revenue. The Revenue has grown by 93.74%.
The Revenue has been growing by 204.86% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)53.71%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%52.5%
Revenue 1Y (TTM)93.74%
Revenue growth 3Y204.86%
Revenue growth 5YN/A
Sales Q2Q%-76.74%

3.2 Future

The Earnings Per Share is expected to grow by 16.16% on average over the next years. This is quite good.
Based on estimates for the next years, 1SPCE will show a very strong growth in Revenue. The Revenue will grow by 156.10% on average per year.
EPS Next Y52.88%
EPS Next 2Y29.19%
EPS Next 3Y23.41%
EPS Next 5Y16.17%
Revenue Next Year1.47%
Revenue Next 2Y-46.38%
Revenue Next 3Y193.73%
Revenue Next 5Y156.1%

3.3 Evolution

Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
1SPCE.MI Yearly Revenue VS Estimates1SPCE.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 500M 1B 1.5B 2B
1SPCE.MI Yearly EPS VS Estimates1SPCE.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 0 -10 -20 -30

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1

4. Valuation

4.1 Price/Earnings Ratio

1SPCE reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year 1SPCE is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
1SPCE.MI Price Earnings VS Forward Price Earnings1SPCE.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30 40

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
1SPCE.MI Per share data1SPCE.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 -5 10 -10 -15

4.3 Compensation for Growth

A more expensive valuation may be justified as 1SPCE's earnings are expected to grow with 23.41% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y29.19%
EPS Next 3Y23.41%

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0

5. Dividend

5.1 Amount

No dividends for 1SPCE!.
Industry RankSector Rank
Dividend Yield N/A

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VIRGIN GALACTIC HOLDINGS INC

BIT:1SPCE (3/7/2025, 7:00:00 PM)

3.7455

-1.8 (-32.51%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)11-06 2024-11-06/amc
Earnings (Next)N/A N/A
Inst Owners27.36%
Inst Owner ChangeN/A
Ins Owners0.49%
Ins Owner ChangeN/A
Market Cap108.17M
Analysts50.67
Price Target10.55 (181.67%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)24.73%
Min EPS beat(2)13.19%
Max EPS beat(2)36.28%
EPS beat(4)4
Avg EPS beat(4)19.98%
Min EPS beat(4)13.19%
Max EPS beat(4)36.28%
EPS beat(8)6
Avg EPS beat(8)14.44%
EPS beat(12)7
Avg EPS beat(12)5.69%
EPS beat(16)8
Avg EPS beat(16)-3.52%
Revenue beat(2)1
Avg Revenue beat(2)-29.62%
Min Revenue beat(2)-82.35%
Max Revenue beat(2)23.1%
Revenue beat(4)2
Avg Revenue beat(4)-16.3%
Min Revenue beat(4)-82.35%
Max Revenue beat(4)23.1%
Revenue beat(8)4
Avg Revenue beat(8)5.26%
Revenue beat(12)7
Avg Revenue beat(12)76.9%
Revenue beat(16)9
Avg Revenue beat(16)51.48%
PT rev (1m)-31.8%
PT rev (3m)-38.21%
EPS NQ rev (1m)12.13%
EPS NQ rev (3m)-1222.02%
EPS NY rev (1m)0%
EPS NY rev (3m)21.39%
Revenue NQ rev (1m)744.65%
Revenue NQ rev (3m)437.82%
Revenue NY rev (1m)0%
Revenue NY rev (3m)10.6%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 11.92
P/FCF N/A
P/OCF N/A
P/B 0.31
P/tB 0.31
EV/EBITDA N/A
EPS(TTM)-16.59
EYN/A
EPS(NY)-10.02
Fwd EYN/A
FCF(TTM)-15.73
FCFYN/A
OCF(TTM)-12.25
OCFYN/A
SpS0.31
BVpS12.21
TBVpS12.21
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -36.83%
ROE -102.27%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM N/A
ROA(3y)-39.83%
ROA(5y)-47.04%
ROE(3y)-81%
ROE(5y)-85.6%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score3
Asset Turnover0.01
Health
Industry RankSector Rank
Debt/Equity 1.15
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 699.33%
Cap/Sales 1109.97%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 4.52
Quick Ratio 4.52
Altman-Z -3.81
F-Score3
WACC6.35%
ROIC/WACCN/A
Cap/Depr(3y)173.42%
Cap/Depr(5y)178.83%
Cap/Sales(3y)502.16%
Cap/Sales(5y)1807.96%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)53.71%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%52.5%
EPS Next Y52.88%
EPS Next 2Y29.19%
EPS Next 3Y23.41%
EPS Next 5Y16.17%
Revenue 1Y (TTM)93.74%
Revenue growth 3Y204.86%
Revenue growth 5YN/A
Sales Q2Q%-76.74%
Revenue Next Year1.47%
Revenue Next 2Y-46.38%
Revenue Next 3Y193.73%
Revenue Next 5Y156.1%
EBIT growth 1Y29.1%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year40.14%
EBIT Next 3Y20.15%
EBIT Next 5Y22.12%
FCF growth 1Y-43.48%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-16.83%
OCF growth 3YN/A
OCF growth 5YN/A