Virgin Galactic Holdings Inc
NYSE:SPCE
Intrinsic Value
Virgin Galactic Holdings, Inc. is an aerospace and space travel company, which engages in the manufacture of advanced air and space vehicles, and the provision of spaceflight services for private indi... [ Read More ]
The intrinsic value of one SPCE stock under the Base Case scenario is 2.07 USD. Compared to the current market price of 1.48 USD, Virgin Galactic Holdings Inc is Undervalued by 28%.
Valuation Backtest
Virgin Galactic Holdings Inc
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Fundamental Analysis
Virgin Galactic Scales Up for Profitable Future
2023-Q4 Earnings Call
Virgin Galactic has laid the groundwork for expansion with its Delta class ships, aiming for lucrative expansion and targeting a cash flow positive status. The company's capital is sufficient to bring the first two ships into service, but additional capital will fuel necessary growth. Delta's higher capacity and lower maintenance promise 12x the revenue of previous models. In Q4, Virgin Galactic generated $2.8 million in revenue, and the first quarter of 2024 forecasts a $125-135 million negative free cash flow, with a new astronaut pricing of $600,000 per seat. The company is focused on deploying the Delta fleet efficiently.
Balance Sheet Decomposition
Virgin Galactic Holdings Inc
Current Assets | 950.8m |
Cash & Short-Term Investments | 874m |
Other Current Assets | 76.8m |
Non-Current Assets | 228.7m |
Long-Term Investments | 71.6m |
PP&E | 152.3m |
Other Non-Current Assets | 4.8m |
Current Liabilities | 185.7m |
Accounts Payable | 32.4m |
Accrued Liabilities | 55.2m |
Other Current Liabilities | 98m |
Non-Current Liabilities | 488.4m |
Long-Term Debt | 417.9m |
Other Non-Current Liabilities | 70.5m |
Earnings Waterfall
Virgin Galactic Holdings Inc
Revenue
|
6.8m
USD
|
Cost of Revenue
|
-50.5m
USD
|
Gross Profit
|
-43.7m
USD
|
Operating Expenses
|
-483.4m
USD
|
Operating Income
|
-527.1m
USD
|
Other Expenses
|
24.8m
USD
|
Net Income
|
-502.3m
USD
|
Free Cash Flow Analysis
Virgin Galactic Holdings Inc
What is Free Cash Flow?
SPCE Profitability Score
Profitability Due Diligence
Virgin Galactic Holdings Inc's profitability score is 29/100. The higher the profitability score, the more profitable the company is.
Score
Virgin Galactic Holdings Inc's profitability score is 29/100. The higher the profitability score, the more profitable the company is.
SPCE Solvency Score
Solvency Due Diligence
Virgin Galactic Holdings Inc's solvency score is 42/100. The higher the solvency score, the more solvent the company is.
Score
Virgin Galactic Holdings Inc's solvency score is 42/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
SPCE Price Targets Summary
Virgin Galactic Holdings Inc
According to Wall Street analysts, the average 1-year price target for SPCE is 2.61 USD with a low forecast of 1.01 USD and a high forecast of 5.25 USD.
Ownership
SPCE Insider Trading
Buy and sell transactions by insiders
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Shareholder Return
SPCE Price
Virgin Galactic Holdings Inc
Average Annual Return | -0.83% |
Standard Deviation of Annual Returns | 74.99% |
Max Drawdown | -98% |
Market Capitalization | 591.9m USD |
Shares Outstanding | 400 040 000 |
Percentage of Shares Shorted | 22.99% |
SPCE News
Last Important Events
Virgin Galactic Holdings Inc
Significant happenings or occurrences that are of interest to investors. These could be company-specific developments or market-wide shifts.
Sentiment Analysis
Virgin Galactic Holdings Inc
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Virgin Galactic Holdings, Inc. is an aerospace and space travel company, which engages in the manufacture of advanced air and space vehicles, and the provision of spaceflight services for private individuals and researchers. The company is headquartered in Las Cruces, New Mexico and currently employs 804 full-time employees. The company went IPO on 2017-09-18. The firm is focused on the development, manufacture and operations of spaceships and related technologies for the purpose of conducting commercial human spaceflight and flying commercial research and development payloads into space. The firm's assets include its carrier aircraft, the mothership, which is a twin-fuselage, custom-built aircraft designed to carry its spaceships up to an altitude of approximately 45,000 feet, where the spaceship is released for its flight into space; its spaceship platform is a reusable spaceship with the capacity to carry two pilots and up to six future astronauts into space before returning them safely to the Earth’s surface; its hybrid rocket motor is designed to provide performance capabilities necessary for spaceflight with a focus on safety, reliability and economy; its Spaceport America is a commercial spaceport, which includes space terminal, hangar facilities and a 12,000 foot runway.
Contact
IPO
Employees
Officers
The intrinsic value of one SPCE stock under the Base Case scenario is 2.07 USD.
Compared to the current market price of 1.48 USD, Virgin Galactic Holdings Inc is Undervalued by 28%.