(VSAT) ViaSat - Overview
Sector: Technology | Industry: Communication Equipment | Exchange: NASDAQ (USA) | Market Cap: 10.951m USD | Total Return: 697.2% in 12m
Avg Turnover: 157M
Qual. Beats: 0
Rev. Trend: 78.0%
Qual. Beats: -1
Warnings
Share dilution 16.2% YoY
Interest Coverage Ratio 0.3 is critical
Altman Z'' 0.72 < 1.0 - financial distress zone
Below Avwap Earnings
Tailwinds
Supp Ema20, Rs Leader, Idiosyncratic Leader, Tailwind
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: 0.09 > 0.02 and ΔFCF/TA 9.93 > 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 (5.06b) to EBITDA (1.47b): 3.45 < 3 |
| Current Ratio: 2.41 > 1.5 & < 3 |
| Outstanding Shares: last quarter (143.0m) vs 12m ago 16.20% < -2% |
| Gross Margin: 54.17% > 18% (prev 0.33%; Δ 5.38k% > 0.5%) |
| Asset Turnover: 30.25% > 50% (prev 29.26%; Δ 1.00% > 0%) |
| Interest Coverage Ratio: 0.32 > 6 (EBITDA TTM 1.47b / Interest Expense TTM 334.3m) |
| 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: 0.01 (EBIT TTM 108.1m / Avg Total Assets 15.3b) |
| D: -0.04 (Book Value of Equity -384.2m / Total Liabilities 10.5b) |
| Altman-Z'' = 0.72 = B |
As of June 02, 2026, the stock is trading at USD 72.86 with a total of 4,215,975 shares traded.
Over the past week, the price has changed by -2.28%,
over one month by +11.89%,
over three months by +54.23% and
over the past year by +697.16%.
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 | 64.9 | -11% |
P/E Forward = 144.9275
P/S = 2.518
P/B = 2.5439
P/EG = 0.2586
Revenue TTM = 4.64b USD
EBIT TTM = 108.1m USD
EBITDA TTM = 1.47b USD
Long Term Debt = 6.24b USD (from longTermDebt, two quarters ago)
Short Term Debt = 57.8m USD (from shortTermDebt, last quarter)
Debt = 6.80b USD (corrected: LT Debt 6.24b + ST Debt 57.8m) + Leases 502.8m
Net Debt = 5.06b USD (calculated: Debt 6.80b - CCE 1.75b)
Enterprise Value = 16.0b USD (11.0b + Debt 6.80b - CCE 1.75b)
Interest Coverage Ratio = 0.32 (Ebit TTM 108.1m / Interest Expense TTM 334.3m)
EV/FCF = 11.50x (Enterprise Value 16.0b / FCF TTM 1.39b)
FCF Yield = 8.69% (FCF TTM 1.39b / Enterprise Value 16.0b)
FCF Margin = 30.00% (FCF TTM 1.39b / Revenue TTM 4.64b)
Net Margin = -0.73% (Net Income TTM -34.1m / Revenue TTM 4.64b)
Gross Margin = 54.17% ((Revenue TTM 4.64b - Cost of Revenue TTM 2.13b) / Revenue TTM)
Gross Margin QoQ = none% (prev 27.13%)
Tobins Q-Ratio = 1.05 (Enterprise Value 16.0b / Total Assets 15.2b)
Interest Expense / Debt = 4.91% (Interest Expense 334.3m / Debt 6.80b)
Taxrate = 37.79% (40.1m / 106.1m)
NOPAT = 67.3m (EBIT 108.1m * (1 - 37.79%))
Current Ratio = 2.41 (Total Current Assets 3.12b / Total Current Liabilities 1.30b)
Debt / Equity = 1.46 (Debt 6.80b / totalStockholderEquity, last quarter 4.66b)
Debt / EBITDA = 3.45 (Net Debt 5.06b / EBITDA 1.47b)
Debt / FCF = 3.63 (Net Debt 5.06b / FCF TTM 1.39b)
Total Stockholder Equity = 4.58b (last 4 quarters mean from totalStockholderEquity)
RoA = -0.22% (Net Income -34.1m / Total Assets 15.2b)
RoE = -0.69% (Net Income TTM -34.1m / Total Stockholder Equity 4.94b)
RoCE = 0.97% (EBIT 108.1m / Capital Employed (Equity 4.94b + L.T.Debt 6.24b))
RoIC = 0.50% (NOPAT 67.3m / Invested Capital 13.4b)
WACC = 9.74% (E(11.0b)/V(17.8b) * Re(13.90%) + D(6.80b)/V(17.8b) * Rd(4.91%) * (1-Tc(0.38)))
Discount Rate = 13.90% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 73.61 | Cagr: 6.11%
[DCF] Terminal Value 70.70% ; FCFF base≈1.39b ; Y1≈1.40b ; Y5≈1.48b
[DCF] Fair Price = 99.79 (EV 18.6b - Net Debt 5.06b = Equity 13.6b / Shares 135.8m; r=9.74% [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=0.16 | Chg30d=-8.57% | Revisions=+20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.05 | Chg30d=-41.18% | Revisions=-20% | Analysts=1
EPS current Year (2027-03-31): EPS=0.30 | Chg30d=-25.60% | Revisions=N/A | GrowthEPS=-71.0% | GrowthRev=+5.8%
EPS next Year (2028-03-31): EPS=0.46 | Chg30d=+0.00% | Revisions=N/A | GrowthEPS=+54.0% | GrowthRev=+4.6%
[Analyst] Revisions Ratio: +20%