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VIRGIN GALACTIC HOLDINGS INC (SPCE) Stock Fundamental Analysis

NYSE:SPCE - New York Stock Exchange, Inc. - US92766K4031 - Common Stock - Currency: USD

4.24  -0.19 (-4.29%)

After market: 4.2215 -0.02 (-0.44%)

Fundamental Rating

3

Taking everything into account, SPCE scores 3 out of 10 in our fundamental rating. SPCE was compared to 66 industry peers in the Aerospace & Defense industry. While SPCE seems to be doing ok healthwise, there are quite some concerns on its profitability. SPCE is valued quite expensively, but it does show have an excellent growth rating.


Dividend Valuation Growth Profitability Health

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0

1. Profitability

1.1 Basic Checks

In the past year SPCE has reported negative net income.
SPCE had a negative operating cash flow in the past year.
In the past 5 years SPCE always reported negative net income.
In the past 5 years SPCE always reported negative operating cash flow.
SPCE Yearly Net Income VS EBIT VS OCF VS FCFSPCE 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

Looking at the Return On Assets, with a value of -36.83%, SPCE is doing worse than 78.13% of the companies in the same industry.
SPCE's Return On Equity of -102.27% is on the low side compared to the rest of the industry. SPCE is outperformed by 73.44% of its industry peers.
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
SPCE Yearly ROA, ROE, ROICSPCE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 0 -20 -40 -60 -80 -100

1.3 Margins

SPCE does not have Profit Margin and Operating Margin and Gross Margin available, so we won't be analyzing them here.
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
SPCE Yearly Profit, Operating, Gross MarginsSPCE 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

SPCE does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for SPCE has been reduced compared to 1 year ago.
The number of shares outstanding for SPCE has been reduced compared to 5 years ago.
Compared to 1 year ago, SPCE has an improved debt to assets ratio.
SPCE Yearly Shares OutstandingSPCE Yearly Shares OutstandingYearly Shares Outstanding 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M 250M
SPCE Yearly Total Debt VS Total AssetsSPCE 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

SPCE has an Altman-Z score of -3.84. This is a bad value and indicates that SPCE is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of -3.84, SPCE is not doing good in the industry: 87.50% of the companies in the same industry are doing better.
SPCE has a Debt/Equity ratio of 1.15. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.15, SPCE is doing worse than 79.69% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.15
Debt/FCF N/A
Altman-Z -3.84
ROIC/WACCN/A
WACC5.97%
SPCE Yearly LT Debt VS Equity VS FCFSPCE 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

SPCE has a Current Ratio of 4.52. This indicates that SPCE is financially healthy and has no problem in meeting its short term obligations.
SPCE's Current ratio of 4.52 is amongst the best of the industry. SPCE outperforms 85.94% of its industry peers.
A Quick Ratio of 4.52 indicates that SPCE has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 4.52, SPCE belongs to the top of the industry, outperforming 93.75% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 4.52
Quick Ratio 4.52
SPCE Yearly Current Assets VS Current LiabilitesSPCE 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

The Earnings Per Share has grown by an impressive 53.71% over the past year.
Looking at the last year, SPCE shows a very strong growth in Revenue. The Revenue has grown by 93.74%.
SPCE shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 204.86% yearly.
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

SPCE is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 16.16% yearly.
The Revenue is expected to grow by 156.10% on average over the next years. This is a very strong growth
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

The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
SPCE Yearly Revenue VS EstimatesSPCE 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
SPCE Yearly EPS VS EstimatesSPCE 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

SPCE reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year SPCE 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
SPCE Price Earnings VS Forward Price EarningsSPCE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30 40 50

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
SPCE Per share dataSPCE 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 SPCE'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 SPCE!.
Industry RankSector Rank
Dividend Yield N/A

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VIRGIN GALACTIC HOLDINGS INC

NYSE:SPCE (2/21/2025, 8:04:00 PM)

After market: 4.2215 -0.02 (-0.44%)

4.24

-0.19 (-4.29%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)11-06 2024-11-06/amc
Earnings (Next)02-26 2025-02-26/amc
Inst Owners40.15%
Inst Owner Change-94.05%
Ins Owners0.49%
Ins Owner Change0.03%
Market Cap122.45M
Analysts50.67
Price Target11.07 (161.08%)
Short Float %35.76%
Short Ratio5.28
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)5.28%
Revenue beat(12)7
Avg Revenue beat(12)76.92%
Revenue beat(16)9
Avg Revenue beat(16)51.49%
PT rev (1m)0%
PT rev (3m)-32.74%
EPS NQ rev (1m)12.13%
EPS NQ rev (3m)12.13%
EPS NY rev (1m)0%
EPS NY rev (3m)18.63%
Revenue NQ rev (1m)744.65%
Revenue NQ rev (3m)744.65%
Revenue NY rev (1m)0%
Revenue NY rev (3m)9.87%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 13
P/FCF N/A
P/OCF N/A
P/B 0.33
P/tB 0.33
EV/EBITDA N/A
EPS(TTM)-17.22
EYN/A
EPS(NY)-10.4
Fwd EYN/A
FCF(TTM)-16.33
FCFYN/A
OCF(TTM)-12.71
OCFYN/A
SpS0.33
BVpS12.67
TBVpS12.67
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 -3.84
F-Score3
WACC5.97%
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