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Virgin Galactic Holdings Inc
NYSE:SPCE

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Virgin Galactic Holdings Inc Logo
Virgin Galactic Holdings Inc
NYSE:SPCE
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Price: 1.48 USD 1.37% Market Closed
Updated: Mar 29, 2024

Intrinsic Value

SPCE's intrinsic value estimate is unreliable because it is based only on its multiples and doesn't use a DCF valuation.

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%.

Key Points:
SPCE Intrinsic Value
Base Case
2.07 USD
Undervaluation 28%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

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 Scales Up for Profitable Future

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.

Financials

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
Efficiency

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

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
Chart
Table
What is Free Cash Flow?
Fundamental Scores

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.

Exceptional 3-Years Revenue Growth
Exceptional Revenue Growth Forecast
Exceptional 1-Year Revenue Growth
ROE is Increasing
29/100
Profitability
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.

Short-Term Solvency
Negative Net Debt
Long-Term Solvency
Low D/E
42/100
Solvency
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

Wall Street analysts forecast SPCE stock price to rise over the next 12 months.

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.

Lowest
Price Target
1.01 USD
32% Downside
Average
Price Target
2.61 USD
76% Upside
Highest
Price Target
5.25 USD
255% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

SPCE Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
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Shareholder Return

SPCE Price
Virgin Galactic Holdings Inc

1M 1M
-15%
6M 6M
-18%
1Y 1Y
-63%
3Y 3Y
-95%
5Y 5Y
-85%
10Y 10Y
-85%
Annual Price Range
1.48
52w Low
1.35
52w High
6.01
Price Metrics
Average Annual Return -0.83%
Standard Deviation of Annual Returns 74.99%
Max Drawdown -98%
Shares Statistics
Market Capitalization 591.9m USD
Shares Outstanding 400 040 000
Percentage of Shares Shorted 22.99%

SPCE Return Decomposition
Main factors of price return

What is price return decomposition?

SPCE News

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Last Important Events
Virgin Galactic Holdings Inc

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Sentiment Analysis
Virgin Galactic Holdings Inc

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Company Profile

Virgin Galactic Holdings Inc Logo
Virgin Galactic Holdings Inc

Country

United States of America

Industry

Aerospace & Defense

Market Cap

591.9m USD

Dividend Yield

0%

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

NEW MEXICO
Las Cruces
166 N Roadrunner Pkwy Ste 1C
+16618246690.0
https://www.virgingalactic.com/

IPO

2017-09-18

Employees

804

Officers

CEO, President & Director
Mr. Michael A. Colglazier
Executive VP, CFO & Treasurer
Mr. Douglas T. Ahrens
Senior VP & Chief Information Officer
Mr. Alistair Burns
Executive VP, Chief Legal Officer & Corporate Secretary
Ms. Sarah E. Kim
Chief People Officer & Executive VP
Ms. Aparna Chitale
President of Spaceline Missions & Safety
Mr. Michael Patrick Moses
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Founder
Sir Richard Charles Nicholas Branson
Vice President of Investor Relations
Mr. Eric Cerny
Vice President of Communications
Aleanna Crane
Chief Pilot
Mr. David Mackay
Show Less

See Also

Discover More
What is the Intrinsic Value of one SPCE stock?

The intrinsic value of one SPCE stock under the Base Case scenario is 2.07 USD.

Is SPCE stock undervalued or overvalued?

Compared to the current market price of 1.48 USD, Virgin Galactic Holdings Inc is Undervalued by 28%.