(VSAT) ViaSat - Overview
Sector: Technology | Industry: Communication Equipment | Exchange: NASDAQ (USA) | Market Cap: 9.960m USD | Total Return: 517.2% in 12m
Avg Turnover: 191M
Qual. Beats: 0
Rev. Trend: 78.0%
Qual. Beats: -1
Warnings
Share dilution 16.2% YoY
Interest Coverage Ratio 0.8 is critical
Fakeout Below Avwap Earnings
Tailwinds
Rs Leader
Viasat, Inc. is a global provider of satellite-based broadband and communications services, catering to commercial, government, and military markets. The company operates through two primary segments: Communication Services and Defense and Advanced Technologies. Its portfolio includes high-capacity satellite systems, in-flight connectivity, tactical data links, and cybersecurity solutions for land, sea, and air applications.
The company utilizes a vertically integrated business model, designing and operating its own geostationary (GEO) satellite constellations while also developing the ground infrastructure and user terminals. This sector is characterized by high capital expenditure requirements and long-term cycles for satellite procurement and deployment.
Viasat’s defense segment focuses on encrypted networking and intelligence surveillance, providing secure communication links for unmanned aerial vehicles and expeditionary forces. Investors can find further data-driven insights on these business segments at ValueRay.
- ViaSat-3 satellite deployment success determines long-term capacity and revenue growth
- In-flight connectivity expansion drives commercial aviation segment recovery and margins
- Integration of Inmarsat acquisition influences debt deleveraging and operational synergy capture
- High capital expenditures for satellite constellations pressure free cash flow generation
- Government defense contract wins provide stable backlog amid commercial broadband competition
| Net Income: -34.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA 9.27 > 1.0 |
| NWC/Revenue: 39.37% < 20% (prev 26.80%; Δ 12.57% < -1%) |
| CFO/TA 0.10 > 3% & CFO 1.59b > Net Income -34.1m |
| Net Debt (5.68b) to EBITDA (1.63b): 3.49 < 3 |
| Current Ratio: 2.41 > 1.5 & < 3 |
| Outstanding Shares: last quarter (143.0m) vs 12m ago 16.20% < -2% |
| Gross Margin: 30.24% > 18% (prev 32.97%; Δ -2.72% > 0.5%) |
| Asset Turnover: 30.25% > 50% (prev 29.26%; Δ 1.00% > 0%) |
| Interest Coverage Ratio: 0.79 > 6 (EBIT TTM 275.2m / Interest Expense TTM 347.7m) |
| A: 0.12 (Total Current Assets 3.12b - Total Current Liabilities 1.30b) / Total Assets 15.2b |
| B: -0.02 (Retained Earnings -359.6m / Total Assets 15.2b) |
| C: 0.02 (EBIT TTM 275.2m / Avg Total Assets 15.3b) |
| D: 0.44 (Book Value of Equity 4.66b / Total Liabilities 10.5b) |
| Altman-Z'' = 1.30 = BB |
| DSRI: 1.36 (Receivables 753.4m/539.5m, Revenue 4.64b/4.52b) |
| GMI: 1.09 (GM 32.97% / 30.24%) |
| AQI: 0.94 (AQ_t 0.29 / AQ_t-1 0.31) |
| SGI: 1.03 (Revenue 4.64b / 4.52b) |
| TATA: -0.11 (NI -34.1m - CFO 1.59b) / TA 15.2b) |
| Beneish M = -2.67 (Cap -4..+1) = A |
As of June 09, 2026, the stock is trading at USD 65.48 with a total of 4,303,592 shares traded.
Over the past week, the price has changed by -10.13%,
over one month by -6.47%,
over three months by +42.41% and
over the past year by +517.15%.
ViaSat has received a consensus analysts rating of 4.22. Therefore, it is recommended to buy VSAT.
- StrongBuy: 4
- Buy: 3
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 88.9 | 35.7% |
P/E Forward = 144.9275
P/S = 2.1464
P/B = 2.0402
P/EG = 0.2586
Revenue TTM = 4.64b USD
EBIT TTM = 275.2m USD
EBITDA TTM = 1.63b USD
Long Term Debt = 6.39b USD (from longTermDebt, last quarter)
Short Term Debt = 118.6m USD (from shortTermDebt, last quarter)
Debt = 7.43b USD (from shortLongTermDebtTotal, last quarter) + Leases 491.0m
Net Debt = 5.68b USD (calculated: Debt 7.43b - CCE 1.75b)
Enterprise Value = 15.6b USD (9.96b + Debt 7.43b - CCE 1.75b)
Interest Coverage Ratio = 0.79 (Ebit TTM 275.2m / Interest Expense TTM 347.7m)
EV/FCF = 12.11x (Enterprise Value 15.6b / FCF TTM 1.29b)
FCF Yield = 8.26% (FCF TTM 1.29b / Enterprise Value 15.6b)
FCF Margin = 27.83% (FCF TTM 1.29b / Revenue TTM 4.64b)
Net Margin = -0.73% (Net Income TTM -34.1m / Revenue TTM 4.64b)
Gross Margin = 30.24% ((Revenue TTM 4.64b - Cost of Revenue TTM 3.24b) / Revenue TTM)
Gross Margin QoQ = 25.19% (prev 27.13%)
Tobins Q-Ratio = 1.03 (Enterprise Value 15.6b / Total Assets 15.2b)
Interest Expense / Debt = 4.68% (Interest Expense 347.7m / Debt 7.43b)
Taxrate = 37.79% (40.1m / 106.1m)
NOPAT = 171.2m (EBIT 275.2m * (1 - 37.79%))
Current Ratio = 2.41 (Total Current Assets 3.12b / Total Current Liabilities 1.30b)
Debt / Equity = 1.59 (Debt 7.43b / totalStockholderEquity, last quarter 4.66b)
Debt / EBITDA = 3.49 (Net Debt 5.68b / EBITDA 1.63b)
Debt / FCF = 4.40 (Net Debt 5.68b / FCF TTM 1.29b)
Total Stockholder Equity = 4.58b (last 4 quarters mean from totalStockholderEquity)
RoA = -0.22% (Net Income -34.1m / Total Assets 15.2b)
RoE = -0.74% (Net Income TTM -34.1m / Total Stockholder Equity 4.58b)
RoCE = 2.51% (EBIT 275.2m / Capital Employed (Equity 4.58b + L.T.Debt 6.39b))
RoIC = 1.24% (NOPAT 171.2m / Invested Capital 13.8b)
WACC = 9.38% (E(9.96b)/V(17.4b) * Re(14.20%) + D(7.43b)/V(17.4b) * Rd(4.68%) * (1-Tc(0.38)))
Discount Rate = 14.20% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 73.61 | Cagr: 6.11%
[DCF] Terminal Value 71.92% ; FCFF base≈1.29b ; Y1≈1.30b ; Y5≈1.37b
[DCF] Fair Price = 91.57 (EV 18.2b - Net Debt 5.68b = Equity 12.5b / Shares 136.6m; r=9.38% [WACC]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.62 | # QB: 0
Revenue Correlation: 77.99 | Revenue CAGR: 15.37% | SUE: -0.98 | # QB: -1
EPS current Quarter (2026-06-30): EPS=0.10 | Chg30d=-45.71% | Revisions=-20% | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.04 | Chg30d=-47.06% | Revisions=-20% | Analysts=2
EPS current Year (2027-03-31): EPS=0.30 | Chg30d=-25.28% | Revisions=-33% | GrowthEPS=-70.9% | GrowthRev=+4.9%
EPS next Year (2028-03-31): EPS=0.40 | Chg30d=-12.33% | Revisions=+20% | GrowthEPS=+34.4% | GrowthRev=+5.0%
[Analyst] Revisions Ratio: -33%