(VSAT) ViaSat - NASDAQ
Sector: Technology | Industry: Communication Equipment | Exchange: NASDAQ (USA) | Market Cap: 8.529m USD | Total Return: 400.6% in 12m
Avg Turnover: 223M
Qual. Beats: 0
Rev. Trend: 78.0%
Qual. Beats: -1
Warnings
Share dilution 16.2% YoY
Below Avwap Earnings
Tailwinds
Rs Leader
Viasat, Inc. is a U.S.-headquartered broadband and communications company that operates across two segments: Communication Services and Defense and Advanced Technologies. Its offerings span satellite-based broadband and narrowband communications, in-flight connectivity, VoIP, military and government multimedia connectivity, tactical and beyond-line-of-sight communications, encryption and cybersecurity products, and the design of ground terminals, antennas, and gateways.
In addition to services, Viasat designs and builds GEO, MEO, and LEO satellites, payloads, antenna technologies, and small satellite platforms, and licenses related intellectual property. The company serves both commercial and government/defense customers, with a portfolio that extends to IoT, maritime, and direct-to-device applications.
Founded in 1986 and listed on NASDAQ since 1996, Viasat is classified within the GICS Information Technology sector (Communications Equipment sub-industry) and currently sits in the mid-cap range by market capitalization. The satellite communications industry is capital-intensive, driven by the high cost of satellite manufacturing and launches, and a dual commercial-and-defense revenue model is a defining feature of participants in the space. The shift toward multi-orbit (GEO/LEO/MEO) networks has become an increasingly important strategic differentiator as the sector competes with newer low-earth-orbit broadband constellations.
- Inmarsat acquisition debt burden pressures margins and free cash flow
- Defense segment backlog grows on government satellite communication demand
- LEO competition from Starlink threatens in-flight connectivity market share
| Net Income: -34.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 4.71 > 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 (1.81b): 3.13 < 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: 1.33 > 6 (EBIT TTM 460.9m / 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: 0.03 (EBIT TTM 460.9m / Avg Total Assets 15.3b) |
| D: 0.44 (Book Value of Equity 4.66b / Total Liabilities 10.5b) |
| Altman-Z'' = 1.38 = 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 23, 2026, the stock is trading at USD 64.23 with a total of 2,706,621 shares traded. Over the past week, the price has changed by -8.47%, over one month by -13.85%, over three months by +30.66% and over the past year by +400.62%.
Current recommended Stop Loss: 57.20 (which is 10.9% or 1.2 ATR below the current price).
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 | 38.4% |
P/E Forward = 144.9275
P/S = 1.838
P/B = 1.9312
P/EG = 0.2586
Revenue TTM = 4.64b USD
EBIT TTM = 460.9m USD
EBITDA TTM = 1.81b 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 = 14.2b USD (8.53b + Debt 7.43b - CCE 1.75b)
Interest Coverage Ratio = 1.33 (Ebit TTM 460.9m / Interest Expense TTM 347.7m)
EV/FCF = 23.80x (Enterprise Value 14.2b / FCF TTM 597.1m)
FCF Yield = 4.20% (FCF TTM 597.1m / Enterprise Value 14.2b)
FCF Margin = 12.87% (FCF TTM 597.1m / 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 = 0.93 (Enterprise Value 14.2b / Total Assets 15.2b)
Interest Expense / Debt = 4.68% (Interest Expense 347.7m / Debt 7.43b)
Taxrate = 37.79% (40.1m / 106.1m)
NOPAT = 286.7m (EBIT 460.9m * (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 = 3.13 (Net Debt 5.68b / EBITDA 1.81b)
Debt / FCF = 9.52 (Net Debt 5.68b / FCF TTM 597.1m)
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 = 4.20% (EBIT 460.9m / Capital Employed (Equity 4.58b + L.T.Debt 6.39b))
RoIC = 2.08% (NOPAT 286.7m / Invested Capital 13.8b)
WACC = 9.02% (E(8.53b)/V(16.0b) * Re(14.35%) + D(7.43b)/V(16.0b) * Rd(4.68%) * (1-Tc(0.38)))
Discount Rate = 14.35% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 73.61 | Cagr: 6.11%
[DCF] Terminal Value 73.10% ; FCFF base≈597.1m ; Y1≈599.6m ; Y5≈635.1m
[DCF] Fair Price = 23.27 (EV 8.86b - Net Debt 5.68b = Equity 3.18b / Shares 136.6m; r=9.02% [WACC]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.51 | # 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%